fsaldanha

6 Comments

    • ON: Fri Jul 25th 09:17 AM
      Commented on:
      Amazon/Overstock Gamble May Pay Off
      I lived in Connecticut until 2005. In 2004 I received a letter from the tax authorities informing me (and millions of state taxpayers) that we would have to pay taxes on all online purchases of items that would be used in Connecticut (?!). If I remember correctly it was called a "use tax." This was not restricted to Amazon.com or to retailers that had a presence in Connecticut. If CT can get away with this then NY will surely get away with taxing Amazon.com.
      View article »
    • ON: Sun Jul 20th 14:26 PM
      Commented on:
      Historic Financial Collapse Underway?
      This article starts well, but ends badly. I don't want to be critical, as I agree with a lot of what the author wrote. But there are quite a few absurdities. For example,

      " the track record of every experiment with fiat money is 100% perfect: In every case, the currency regime was eventually destroyed by an inflationary crisis."

      I don't know if the author ever heard of countries like the United States of America, UK, Japan, France, Germany, Sweden, etc. that have had fiat money for a long time and their currency regimes were not "eventually destroyed."

      Another factually incorrect statement:

      "No government in history has ever repaid debts as large as those already assumed by our government (in terms of GDP)."

      Even if the US assumes the whole $5 trillion of Fannie and Freddie's debt, having a total (100%) loss on their assets, the public debt would still be less than 150% of GDP. Several countries repaid debts larger than that (with a little help from inflation), including the United Kingdom, which emerged from WWII with debt in excess of 200% of GDP. Chile is another example. The US debt problem is manageable if action is taken. Of course, if the country continues in its current direction debt repudiation, either through inflation or outright default, is inevitable.
      View article »
    • ON: Sun Jul 29th 09:22 AM
      Commented on:
      Why is Accenture's Market Cap Less Than Infosys'?
      FWIW, here is what the Value Line says about this issue:

      Common shares: 811.6m (includes 184.9m class X shares)

      And in a footnote: Including class A shares, class X shares and rest. (?) shares (related to class A). Class A shares have one vote, dividends, Class X shares have one vote, no dividends.

      And further down:

      There are 867.3m fully diluted shares
      View article »
    • ON: Fri Jul 20th 19:47 PM
      Commented on:
      Three Reasons Not To Buy Journal Register Company
      Sounds like the right trade is to go long a straddle.
      View article »
    • ON: Fri Jun 22nd 09:21 AM
      Commented on:
      Why Investors Should Be Interested in Shale Oil
      I am not sure the figure (0.8 to 1.7) on ethanol's EROI is accurate. I heard that sugarcane ethanol can have an EROI as high as 6. (I am no expert, admittedly)
      View article »
    • ON: Thu Jun 21st 08:44 AM
      Commented on:
      Is Oil Sliding or Just Slipping?
      Anyone who thinks Iran could even dream of launching a surprise attack on Iraq and Kuwait is hopelessly insane.
      View article »
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