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bubba99
ParticipantCardiffBaseball,
Usually I try to stay out of religious discussion because I dont care what the un-enlightened believe, but your statement:
“Now one could consider the Judeo-Christian stuff just as silly but at least the writings and beliefs of the leaders are pretty much well-understood and researchable”
May not be completely correct.
Even in the well researched Judeo-Christian churches, there is much miss-information about what is actually in the bible. Many religious experts have studied and proclaimed, but there is little in the bible to support the notion of an eternal punishment in “Hell”. It exists only in the minds of the believers. Until after 1765 it never showed up in the new testiment, and did not arrive in the old testiment until the King James version. Churches have created dogma to facilitate their own earthly desires.
And this re-writing the “book” is far more reasonable than some churches fabricated canabalistic rituals where the flesh and blood of the savior is eaten and drank each week at mass which was never part of the “book”
If scientologists want to be the offspring of Zorg the interplanetary traveler and our ancient relative – so be it. Maybe they have a book that they are miss representing also.
ParticipantCardiffBaseball,
Usually I try to stay out of religious discussion because I dont care what the un-enlightened believe, but your statement:
“Now one could consider the Judeo-Christian stuff just as silly but at least the writings and beliefs of the leaders are pretty much well-understood and researchable”
May not be completely correct.
Even in the well researched Judeo-Christian churches, there is much miss-information about what is actually in the bible. Many religious experts have studied and proclaimed, but there is little in the bible to support the notion of an eternal punishment in “Hell”. It exists only in the minds of the believers. Until after 1765 it never showed up in the new testiment, and did not arrive in the old testiment until the King James version. Churches have created dogma to facilitate their own earthly desires.
And this re-writing the “book” is far more reasonable than some churches fabricated canabalistic rituals where the flesh and blood of the savior is eaten and drank each week at mass which was never part of the “book”
If scientologists want to be the offspring of Zorg the interplanetary traveler and our ancient relative – so be it. Maybe they have a book that they are miss representing also.
ParticipantI found two in RealtyTrac, one at 13622 El Mar Ave, the other at 13534 El Mar Ave. The first went to auction on the 15th of January, probably at the loan amount of $468,000.
The second is REO:
Old Owner Name Lori J Thibeault
Beds/Baths 5/3 Opening Bid $120,000
Square Footage 2100 Sale Date 9/7/2006Don’t know what it really auctioned for, but it looks like it sold in September to HFC Mortgage Services
If there are any in preforeclosure, they dont show yet in RealtyTrac.
ParticipantI found two in RealtyTrac, one at 13622 El Mar Ave, the other at 13534 El Mar Ave. The first went to auction on the 15th of January, probably at the loan amount of $468,000.
The second is REO:
Old Owner Name Lori J Thibeault
Beds/Baths 5/3 Opening Bid $120,000
Square Footage 2100 Sale Date 9/7/2006Don’t know what it really auctioned for, but it looks like it sold in September to HFC Mortgage Services
If there are any in preforeclosure, they dont show yet in RealtyTrac.
ParticipantI found two in RealtyTrac, one at 13622 El Mar Ave, the other at 13534 El Mar Ave. The first went to auction on the 15th of January, probably at the loan amount of $468,000.
The second is REO:
Old Owner Name Lori J Thibeault
Beds/Baths 5/3 Opening Bid $120,000
Square Footage 2100 Sale Date 9/7/2006Don’t know what it really auctioned for, but it looks like it sold in September to HFC Mortgage Services
If there are any in preforeclosure, they dont show yet in RealtyTrac.
ParticipantI found two in RealtyTrac, one at 13622 El Mar Ave, the other at 13534 El Mar Ave. The first went to auction on the 15th of January, probably at the loan amount of $468,000.
The second is REO:
Old Owner Name Lori J Thibeault
Beds/Baths 5/3 Opening Bid $120,000
Square Footage 2100 Sale Date 9/7/2006Don’t know what it really auctioned for, but it looks like it sold in September to HFC Mortgage Services
If there are any in preforeclosure, they dont show yet in RealtyTrac.
ParticipantI found two in RealtyTrac, one at 13622 El Mar Ave, the other at 13534 El Mar Ave. The first went to auction on the 15th of January, probably at the loan amount of $468,000.
The second is REO:
Old Owner Name Lori J Thibeault
Beds/Baths 5/3 Opening Bid $120,000
Square Footage 2100 Sale Date 9/7/2006Don’t know what it really auctioned for, but it looks like it sold in September to HFC Mortgage Services
If there are any in preforeclosure, they dont show yet in RealtyTrac.
ParticipantAecetia,
“In 1980, when the top tax rate was 70%, the richest 1% paid only 19% of all income taxes; now, with a top rate if 35%, they pay more…”
Every thing you say here is true, but the more telling detail is the top 1% of the richest, earned 70% of everything. Although a 19% of total tax seems high compared to their 1% status, is seems a little low when compared with their 70% of earnings!
ParticipantAecetia,
“In 1980, when the top tax rate was 70%, the richest 1% paid only 19% of all income taxes; now, with a top rate if 35%, they pay more…”
Every thing you say here is true, but the more telling detail is the top 1% of the richest, earned 70% of everything. Although a 19% of total tax seems high compared to their 1% status, is seems a little low when compared with their 70% of earnings!
ParticipantAecetia,
“In 1980, when the top tax rate was 70%, the richest 1% paid only 19% of all income taxes; now, with a top rate if 35%, they pay more…”
Every thing you say here is true, but the more telling detail is the top 1% of the richest, earned 70% of everything. Although a 19% of total tax seems high compared to their 1% status, is seems a little low when compared with their 70% of earnings!
ParticipantAecetia,
“In 1980, when the top tax rate was 70%, the richest 1% paid only 19% of all income taxes; now, with a top rate if 35%, they pay more…”
Every thing you say here is true, but the more telling detail is the top 1% of the richest, earned 70% of everything. Although a 19% of total tax seems high compared to their 1% status, is seems a little low when compared with their 70% of earnings!
ParticipantAecetia,
“In 1980, when the top tax rate was 70%, the richest 1% paid only 19% of all income taxes; now, with a top rate if 35%, they pay more…”
Every thing you say here is true, but the more telling detail is the top 1% of the richest, earned 70% of everything. Although a 19% of total tax seems high compared to their 1% status, is seems a little low when compared with their 70% of earnings!
ParticipantI am reminded of a term from my economics class, cateras parabas – all other things being equal. Today we have two different actions causing economic term oil. The FED printing money at hyper speed which should cause hyper-inflation, but the cateras parabas condition does not hold true.
At the same time we have an economic recession caused by hyper inflated assets like housing and credit card debt which are causing rapid deflation in both real and financial assets. This mechanism is causing losses in income, jobs and demand for services. All additional deflationary impacts.
It could be that stagflation is the more likely outcome. Less costly goods (cost less in real terms because of lower effective demand) being paid for in inflated dollars. Will the dollar deflate in value faster than the value of assets deflate due to bubble bursting and economic slow down? And even more important is “Is it too late to invest in currency independent assets like gold that are already at historic highs?”
Even the new exchange traded funds in currency like FXE dollar vs the euro are only hedges against the losses in the dollar, you can’t actually make more than you lose in dollar value. In the short term, all of those new dollars being printed by the FED need to go somewhere. The stock market seems to be the only place that can absorb enough of it to have an impact – until the next bubble becomes visible.
And I can believe I am saying this, effective stock selection may be the best hedge against stagflation – stocks that do well when the economy tanks like COSTCO, Trader Joes, Liquor sales, etc. Low overheads, high consumer demand. But definitely hedge them with a short hedge like SDS which can make money as the rest of the stock market deflates. (SDS is an inverse hedge fund that goes up 2% for each 1% the S&P falls)
ParticipantI am reminded of a term from my economics class, cateras parabas – all other things being equal. Today we have two different actions causing economic term oil. The FED printing money at hyper speed which should cause hyper-inflation, but the cateras parabas condition does not hold true.
At the same time we have an economic recession caused by hyper inflated assets like housing and credit card debt which are causing rapid deflation in both real and financial assets. This mechanism is causing losses in income, jobs and demand for services. All additional deflationary impacts.
It could be that stagflation is the more likely outcome. Less costly goods (cost less in real terms because of lower effective demand) being paid for in inflated dollars. Will the dollar deflate in value faster than the value of assets deflate due to bubble bursting and economic slow down? And even more important is “Is it too late to invest in currency independent assets like gold that are already at historic highs?”
Even the new exchange traded funds in currency like FXE dollar vs the euro are only hedges against the losses in the dollar, you can’t actually make more than you lose in dollar value. In the short term, all of those new dollars being printed by the FED need to go somewhere. The stock market seems to be the only place that can absorb enough of it to have an impact – until the next bubble becomes visible.
And I can believe I am saying this, effective stock selection may be the best hedge against stagflation – stocks that do well when the economy tanks like COSTCO, Trader Joes, Liquor sales, etc. Low overheads, high consumer demand. But definitely hedge them with a short hedge like SDS which can make money as the rest of the stock market deflates. (SDS is an inverse hedge fund that goes up 2% for each 1% the S&P falls)
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