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Ducaticorse

Ducaticorse
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  • Wall Street Breakfast: Tax Inversions, Solar Tariffs, Samsung Delay [View article]
    The biggest problem I see here is this one; "can invoke a 1969 tax law to bypass congressional gridlock". There are so many laws in the books that you can always find one to invoke about whatever you want. This is a big problem in a supposedly "rule of law" society. In fact we are ruled by the emotions "du jour" not by the law.
    Jul 28, 2014. 08:44 AM | 15 Likes Like |Link to Comment
  • The Day I Sold Everything [View article]
    What matters when you in invest is the cash flow of your investment. As long as the cash flow keeps coming, what other people think about the value of the investment at that moment is not relevant unless you have to sell. That's why you don't buy stocks with money you intent to spend or you trade.
    Jul 26, 2014. 10:35 AM | 6 Likes Like |Link to Comment
  • Wall Street Breakfast: Condensate Exports, UBS Probe, GM Documentation [View article]
    And I would add 5. value on the used market unless you're absolutely certain you want to keep it for 10 years. Of course, you don't negotiate that but one should think about it.
    Jul 24, 2014. 09:08 AM | 3 Likes Like |Link to Comment
  • Should You Invest In UBS ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN? [View article]
    Excellent article, thanks.
    Jul 22, 2014. 02:31 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Saudi Stock Market, Apple Orders, Chipmaker News [View article]
    Bosley anybody?
    Jul 22, 2014. 09:07 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Saudi Stock Market, Apple Orders, Chipmaker News [View article]
    There may be a multiplier effect but it can't be higher than the multiplier effect of the spending of the guy/gal who made the money first. So an additional multiplier effect from gov can come only from borrowing. The problem with borrowing is to stop, particularly when you don't have to pay back.
    Jul 22, 2014. 09:05 AM | 6 Likes Like |Link to Comment
  • Wall Street Breakfast: Saudi Stock Market, Apple Orders, Chipmaker News [View article]
    Relax
    Jul 22, 2014. 09:00 AM | 1 Like Like |Link to Comment
  • MORL Is A 'Too Good To Be True' Investment [View article]
    Sir you're confused. When you invest in MORL you get a basket of mReits times 2 because UBS, the biggest private banker in world, can borrow at rates you can't imagine. You effectively have a risk on UBS but for your knowledge 60% of the world's billionaires have an account with UBS (yes billionaires). When you invest directly into AGNC or NLY or remember CIM you have a risk with the management of one company and often one guy. When the going is good like AGNC all is fine but when the going is bad like CIM then you're really in trouble. Of course MORL is risky, very risky, but it's because it's a leveraged investment on trusts that are themselves hugely leveraged on the yield curve. But by choosing this type of asset allocation, I feel much comfortable with a basket of them and UBS as a counter-party than with any direct investment. Now, I watch the yield curve carefully.
    Jul 19, 2014. 02:40 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: AbbVie-Shire Deal, GM Testimony, Malaysian Airlines Crash [View article]
    If you bend once in front of gov, you'll have to bend deeper and deeper in the future. People think that if they accept this, they are going to go away but they don't. They always come back with more.
    Jul 18, 2014. 09:23 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: AbbVie-Shire Deal, GM Testimony, Malaysian Airlines Crash [View article]
    Reading all these comments, the crime really profits Ukraine not Russia.
    Jul 18, 2014. 09:20 AM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: AbbVie-Shire Deal, GM Testimony, Malaysian Airlines Crash [View article]
    I fully agree with you but I'm not convinced that the missile was shot by either rebels or Russians. Conclusions are drawn a little bit too fast. If there is a crime (not a tragic error), the crime profits to Ukraine in my view.
    Jul 18, 2014. 09:09 AM | 4 Likes Like |Link to Comment
  • Making The Rich Richer [View article]
    It's alas a bit more complex than that. How much worth is a government employee
    with a defined benefit pension at age 55? The guy is making about $ 80,000/year and has a 30 year life expectancy. He has no savings, a car loan, a TV loan, he co signed student loans for his kids, a mortgage, a credit card negative balance, the drill! The guy is worth many millions on paper (my HP BII is dusty but many millions I can guarantee you). The problem is that his pension fund is deeply underfunded (ask those in Destroy) and that's a problem. Many think that only those who have a VIP account with JPM can qualify as rich but that's not the whole picture.
    Jul 17, 2014. 12:21 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Tax Inversions, Tech Partnerships, New Development Bank [View article]
    I don't know if you understand what a VAT tax is. It means Value Added Tax and it works like this. Let's say you're Rolex with no factory in the US. You sell a watch to your importer in the US; USD 10,000. As Rolex, you'll cash in $ 10,000 (if no custom duties). End of the story. The importer will then sell the watch to an authorized retailer for 20,000. If the US VAT rate is 10%, the importer will charge the retailer USD 22,000 and must pay USD 2,000 to FedGov. Then the retailer sells the watch for USD 30,000 and must apply the 10% VAT. The final client will pay $ 33,000. The retailer will have to pay FedGov USD 3,000 minus USD 2,000 paid when the watch was received from the importer; USD 1,000! To sum it up, the importer pays USD 2,000 to FedGov, the retailer USD 1,000 to FedGov for a total cash flow of USD 3,000 to FedGov. USD 3,000 is 10% of the retail price. Rolex will not contribute one penny to the US Government with a VAT tax. Furthermore, I bet you that FedGov will compute the VAT on top of the local sales tax and we'll end up paying VAT on the sales tax. At least that's what happened in Switzerland with gasoline; people pay VAT on the Federal tax on gasoline. A VAT will certainly not stimulate private consumption. If we keep taking bad European ideas, I don't see a bright future in this country.
    Jul 16, 2014. 09:55 AM | 9 Likes Like |Link to Comment
  • Wall Street Breakfast: GM Testimony, Citigroup Settlement, Immigration Crisis [View article]
    The problem is that it's the third idiot in a row living in this house and I bet you the fourth will beat them all whoever it will be.
    Jul 9, 2014. 09:27 AM | 13 Likes Like |Link to Comment
  • Wall Street Breakfast: GM Testimony, Citigroup Settlement, Immigration Crisis [View article]
    Loon a tick 5 billions 20 years ago in Guatemala and now they would be exporting BMWs, Boeings and Iphones all over China. No problemo.
    Jul 9, 2014. 09:24 AM | 2 Likes Like |Link to Comment
COMMENTS STATS
1,387 Comments
2,378 Likes