Thread: crws's Account Talk

Originally Posted by KevinD

http://blogs.alternet.org/speakeasy/2010/05/15/help-whats-the-cure-for-financial-insanity/
[Thumbs up smilie here]

Good luck!

I was cheering the author on until he showed his naivete:

"We need to return to Eisenhower era tax rates: 91 percent on those earning over $3 million in today’s dollars. The money would roll in, and the deficit hawks would sound like parakeets."

Originally Posted by Warrenlm

I was cheering the author on until he showed his naivete:

"We need to return to Eisenhower era tax rates: 91 percent on those earning over $3 million in today’s dollars. The money would roll in, and the deficit hawks would sound like parakeets."

That did seem rather odd...and I don't know what lead to the Eisenhower era tax rates because I'm not a student of history but the rest of the article (opinion/editorial) was right on the money.

Originally Posted by KevinD

That did seem rather odd...and I don't know what lead to the Eisenhower era tax rates because I'm not a student of history but the rest of the article (opinion/editorial) was right on the money.

WWII and paying for it and all the damage.

Glad to see Germany banning naked short selling- This has a very dramatic effect on the market, and if it spreads throughout Europe, could prove very interesting.
There is a plethora of information out there regarding what may follow, including the facts that along with the EU issues, China my fall from grace, while self-funded Japan may be poised to fill the manufacturing void, and perhaps, maybe... with a devalued Euro, making Asia/EU an exporter before we are. I base this guess (all it is really) on the FACT that we are at a political standstill and unable to do the hard duties to G.O.S.T. and the EU will just f'in get it done. (perhaps having learned from our earlier efforts and shortcomings)

My reads of this interest and more:
A mirror of our own recent efforts:
http://finance.yahoo.com/news/Will-t....html?x=0&.v=1

Ups and Downs of market regulation:
http://www.minyanville.com/businessm...ion&from=yahoo

http://www.minyanville.com/businessm...9075?page=full

Britain says the same things we did about how to rebuild:
http://www.guardian.co.uk/commentisf...ritish-economy

EU gets a Tory / Liberal government:
"What they will say: The Tory mantra is a "private sector-led recovery" with policies designed to boost business. As well as their promise to reject Labour's National Insurance hike, the Tories have pledged to reduce corporation tax from 28p to 25p; cut the small companies rate to 20pc with simpler allowances; and a year's NI exemption for new businesses on the first 10 people they employ. There are also plans to create large numbers of jobs in new green industries, which will be backed by a Green Investment Bank. By contrast, Labour believes in Government-backed growth – or more officially "targeted Government action can unlock the private sector investment that brings new jobs". The idea is to use Government support to back private industry either nationally, such as a £45m R&D credit to Rolls-Royce for the development of low-carbon aircraft engines, or regionally via the Regional Development Agencies. Like the Tories, the Lib Demsare promising to cut red tape to help business thrive but their plans to equalise capital gains tax and income tax are seen as stifling."


http://www.telegraph.co.uk/news/elec...ey-should.html


Japan is a full 20% of the I-Fund, and the world's 2nd biggest economy- (I didn't know the latter) -with split up or down arguments, both of which sound valid.
http://www.nakedcapitalism.com/2010/...the-ropes.html


http://www.investmentu.com/2010/Marc...investors.html




http://www.trendsimwatching.com/2010...apan-will.html




http://pragcap.com/4-reasons-why-jap...contrarian-bet


Good power-point style layout of these articles:
http://contrarianedge.com/category/latest/


And to top it off, the Mitsubishi Economic Research Department forecast of the Japanese Economy Report for Fiscal 2010-2011. (Excellent)
http://www.murc.jp/english/publ/fore...010/201002.pdf

http://www.guardian.co.uk/business/2...ow-debt-crisis

No shortage of euro bears

Howard Archer, chief European and UK economist at IHS Global Insight, is concerned that the €750bn bailout package has failed to allay fears that some European governments could default on their debts.
Portugal, Spain and Greece have all recently announced tough fiscal austerity measures in an effort to reassure investors. But as Archer points out, this could also hamper efforts to grow the European economy.
"The euro is caught between a rock and a hard place at the moment, and it is hard to see how it can extract itself from this uncomfortable position in the near term at least. Indeed, we suspect that the euro is headed down towards $1.15 over the coming weeks," Archer predicted in a research note.
But Jim O'Neill, Goldman Sachs' chief economist, takes a contrarian view and argues that the swing against the euro has now gone too far. He told Bloomberg TV that when he asked a recent gathering of 600 Goldman clients how many thought the euro would be higher in a year's time, just three raised their hands.
"That's how bearish people are. Based on my 29 years' experience of the foreign exchange markets, that means it's virtually guaranteed that the euro isn't going to go much lower," said O'Neill. He believes the euro could fall to $1.21 before rebounding.
Sterling also came under pressure today, hitting a low ofdropping to $1.4248 – its lowest point in overmore than 13 months. This followed reports that the chancellor, George Osborne, would announce that the country's deficit was even larger than previously thought. But by mid-morning it had rallied back to $1.442 after Osborne pledged immediate cuts to government spending this year.

http://www.independent.co.uk/news/bu...l-1975202.html

http://www.independent.co.uk/news/bu...t-1976359.html

http://www.independent.co.uk/news/bu...t-1975194.html

http://www.ooze.com/finger/html/history.html

Giving someone "the finger" is one of the basest violations in modern culture, but its origins date back over 2500 years.
It has been argued by anthropologists that the finger is a a variant of a classic "phallic aggressive" gesture used by primates. By jabbing a threatening phallus at your enemy like a wild animal, you aren't just belittling him, but also making him your sexual inferior. Instead of using a real penis, civilized Janes and Platos called upon the substitute wieners within their own hands to mock, threaten, and humiliate opponents.

...and even the Vice President of the United States got into the act. At a campaign stop for Senator Bob Dole in 1976, Nelson Rockefeller was heckled by protesters telling him what they thought of his Vietnam war policy by casting their middle finger votes. Never one to back down, Rocky just flipped it right back.

...Considering the Vice-president of the USA could flip off with impunity, it is no surprise that only a few months later, an appellate court in Connecticut ruled the finger was not legally obscene, releasing it from its gilded cage.

Instead of shunning this "obscene" gesture, we must treasure its rich cultural heritage. We are living in the Golden Age of The Finger. Get used to it.

no thanks -

whoops,
I assumed the humorous side would be conveyed....
fixing....

hopefully you're a Ducks fan?




(joking...lol)