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carlsbadworker
ParticipantFinally a relevant post. You’re right on.
Who care about this whole drama? The election is really a fight between public employee and tax payer. In a budget crisis, if you can’t print money (or in US government’s case, you can’t print money fast enough), it is either a reduced pay/benefit/pension for public employee or to increase tax. I see no other way out of it.
All other things are just noises, ignore them.
[quote=enron_by_the_sea]So let us get this discussion back to something substantive.
Imagine this scenario in November 2010
[1] Prop 25 passes allowing 50% vote for passage of budget – but as it is alleged, it contains a backdoor for tax hikes disguised as fees.
and/or
[2] Dems pick up 3 seats in state assembly and 2 seat in state senate (This is easy because Abel Maldonado’s seat is open). This gives them 2/3 vote in house and senate to do whatever they want.
[3] People are screaming pass the budget, so it gets passed with increased taxes or fees depending on [1] or [2]
Who do you want your governor to be?[/quote]
ParticipantFinally a relevant post. You’re right on.
Who care about this whole drama? The election is really a fight between public employee and tax payer. In a budget crisis, if you can’t print money (or in US government’s case, you can’t print money fast enough), it is either a reduced pay/benefit/pension for public employee or to increase tax. I see no other way out of it.
All other things are just noises, ignore them.
[quote=enron_by_the_sea]So let us get this discussion back to something substantive.
Imagine this scenario in November 2010
[1] Prop 25 passes allowing 50% vote for passage of budget – but as it is alleged, it contains a backdoor for tax hikes disguised as fees.
and/or
[2] Dems pick up 3 seats in state assembly and 2 seat in state senate (This is easy because Abel Maldonado’s seat is open). This gives them 2/3 vote in house and senate to do whatever they want.
[3] People are screaming pass the budget, so it gets passed with increased taxes or fees depending on [1] or [2]
Who do you want your governor to be?[/quote]
ParticipantFinally a relevant post. You’re right on.
Who care about this whole drama? The election is really a fight between public employee and tax payer. In a budget crisis, if you can’t print money (or in US government’s case, you can’t print money fast enough), it is either a reduced pay/benefit/pension for public employee or to increase tax. I see no other way out of it.
All other things are just noises, ignore them.
[quote=enron_by_the_sea]So let us get this discussion back to something substantive.
Imagine this scenario in November 2010
[1] Prop 25 passes allowing 50% vote for passage of budget – but as it is alleged, it contains a backdoor for tax hikes disguised as fees.
and/or
[2] Dems pick up 3 seats in state assembly and 2 seat in state senate (This is easy because Abel Maldonado’s seat is open). This gives them 2/3 vote in house and senate to do whatever they want.
[3] People are screaming pass the budget, so it gets passed with increased taxes or fees depending on [1] or [2]
Who do you want your governor to be?[/quote]
ParticipantFinally a relevant post. You’re right on.
Who care about this whole drama? The election is really a fight between public employee and tax payer. In a budget crisis, if you can’t print money (or in US government’s case, you can’t print money fast enough), it is either a reduced pay/benefit/pension for public employee or to increase tax. I see no other way out of it.
All other things are just noises, ignore them.
[quote=enron_by_the_sea]So let us get this discussion back to something substantive.
Imagine this scenario in November 2010
[1] Prop 25 passes allowing 50% vote for passage of budget – but as it is alleged, it contains a backdoor for tax hikes disguised as fees.
and/or
[2] Dems pick up 3 seats in state assembly and 2 seat in state senate (This is easy because Abel Maldonado’s seat is open). This gives them 2/3 vote in house and senate to do whatever they want.
[3] People are screaming pass the budget, so it gets passed with increased taxes or fees depending on [1] or [2]
Who do you want your governor to be?[/quote]
ParticipantA six weeks check:
1. Gold has been up almost 7% since July 27.
2. The Shanghai index was up over 4%
3. TLT is also up 4%.Elsewhere, China’s industrial output gained 13.9 percent from a year earlier, more than the 13 percent median estimate of 29 economists, a statistics bureau report showed in Beijing yesterday. Consumer prices jumped 3.5 percent, the most in 22 months, as food costs climbed. Retail sales increased 18.4 percent.
Warren Buffett ruled out a second recession in the U.S. and said businesses owned by his Berkshire Hathaway Inc. are growing.
Do people still agree with Krugman that the start of depression is coming?
[quote=stockstradr]I agree with Krugman, on every point.
And I also say this is easy money, from a market speculation standpoint. (If you accept assumption deflation is here, and it will worsen and be the primary dynamic for the next few years.)
1) I recently doubled-down my double-short position on gold, which I established a couple weeks ago. (“GLL” PROSHARES TR II PROSHARES ULTRASHORT GOLD) That position is now at 15% of my portfolio. When the gold bugs realize they have bought a commodity and are now facing strong winds of deflation, they will turn tail and dump gold.
My market call? Gold below $700 within the next 12 months. Yes, when I see that price I will switch my position to the other side (long) buying up truckloads of the yellow metal.
2) Finally, after years of saying “NO” I’m now saying “YES” agreeing with analysts who – for years – have been predicting economic crash in China. They are finally right. Major economic crash is hitting China. I believe it has already started six months ago and is now irreversible.
I took a position in Ultrashort Xinhua China ticker FXP. I’m late on that trade. Shanghai index has already fallen quite a bit.
YES, I’m working on selling my Tianjin condo. (I should have gotten it onto the market and sold it six months ago.)
3) I am betting for a continued rally in the US long bonds, buying TLT (iShares 20+ year treasury bond fund). I’m also late on this trade. Bonds have really rallied recently already ahead of my trade. Yes, I’m implying that the Fed will act to pull down the yield of the long bond.[/quote]
ParticipantA six weeks check:
1. Gold has been up almost 7% since July 27.
2. The Shanghai index was up over 4%
3. TLT is also up 4%.Elsewhere, China’s industrial output gained 13.9 percent from a year earlier, more than the 13 percent median estimate of 29 economists, a statistics bureau report showed in Beijing yesterday. Consumer prices jumped 3.5 percent, the most in 22 months, as food costs climbed. Retail sales increased 18.4 percent.
Warren Buffett ruled out a second recession in the U.S. and said businesses owned by his Berkshire Hathaway Inc. are growing.
Do people still agree with Krugman that the start of depression is coming?
[quote=stockstradr]I agree with Krugman, on every point.
And I also say this is easy money, from a market speculation standpoint. (If you accept assumption deflation is here, and it will worsen and be the primary dynamic for the next few years.)
1) I recently doubled-down my double-short position on gold, which I established a couple weeks ago. (“GLL” PROSHARES TR II PROSHARES ULTRASHORT GOLD) That position is now at 15% of my portfolio. When the gold bugs realize they have bought a commodity and are now facing strong winds of deflation, they will turn tail and dump gold.
My market call? Gold below $700 within the next 12 months. Yes, when I see that price I will switch my position to the other side (long) buying up truckloads of the yellow metal.
2) Finally, after years of saying “NO” I’m now saying “YES” agreeing with analysts who – for years – have been predicting economic crash in China. They are finally right. Major economic crash is hitting China. I believe it has already started six months ago and is now irreversible.
I took a position in Ultrashort Xinhua China ticker FXP. I’m late on that trade. Shanghai index has already fallen quite a bit.
YES, I’m working on selling my Tianjin condo. (I should have gotten it onto the market and sold it six months ago.)
3) I am betting for a continued rally in the US long bonds, buying TLT (iShares 20+ year treasury bond fund). I’m also late on this trade. Bonds have really rallied recently already ahead of my trade. Yes, I’m implying that the Fed will act to pull down the yield of the long bond.[/quote]
ParticipantA six weeks check:
1. Gold has been up almost 7% since July 27.
2. The Shanghai index was up over 4%
3. TLT is also up 4%.Elsewhere, China’s industrial output gained 13.9 percent from a year earlier, more than the 13 percent median estimate of 29 economists, a statistics bureau report showed in Beijing yesterday. Consumer prices jumped 3.5 percent, the most in 22 months, as food costs climbed. Retail sales increased 18.4 percent.
Warren Buffett ruled out a second recession in the U.S. and said businesses owned by his Berkshire Hathaway Inc. are growing.
Do people still agree with Krugman that the start of depression is coming?
[quote=stockstradr]I agree with Krugman, on every point.
And I also say this is easy money, from a market speculation standpoint. (If you accept assumption deflation is here, and it will worsen and be the primary dynamic for the next few years.)
1) I recently doubled-down my double-short position on gold, which I established a couple weeks ago. (“GLL” PROSHARES TR II PROSHARES ULTRASHORT GOLD) That position is now at 15% of my portfolio. When the gold bugs realize they have bought a commodity and are now facing strong winds of deflation, they will turn tail and dump gold.
My market call? Gold below $700 within the next 12 months. Yes, when I see that price I will switch my position to the other side (long) buying up truckloads of the yellow metal.
2) Finally, after years of saying “NO” I’m now saying “YES” agreeing with analysts who – for years – have been predicting economic crash in China. They are finally right. Major economic crash is hitting China. I believe it has already started six months ago and is now irreversible.
I took a position in Ultrashort Xinhua China ticker FXP. I’m late on that trade. Shanghai index has already fallen quite a bit.
YES, I’m working on selling my Tianjin condo. (I should have gotten it onto the market and sold it six months ago.)
3) I am betting for a continued rally in the US long bonds, buying TLT (iShares 20+ year treasury bond fund). I’m also late on this trade. Bonds have really rallied recently already ahead of my trade. Yes, I’m implying that the Fed will act to pull down the yield of the long bond.[/quote]
ParticipantA six weeks check:
1. Gold has been up almost 7% since July 27.
2. The Shanghai index was up over 4%
3. TLT is also up 4%.Elsewhere, China’s industrial output gained 13.9 percent from a year earlier, more than the 13 percent median estimate of 29 economists, a statistics bureau report showed in Beijing yesterday. Consumer prices jumped 3.5 percent, the most in 22 months, as food costs climbed. Retail sales increased 18.4 percent.
Warren Buffett ruled out a second recession in the U.S. and said businesses owned by his Berkshire Hathaway Inc. are growing.
Do people still agree with Krugman that the start of depression is coming?
[quote=stockstradr]I agree with Krugman, on every point.
And I also say this is easy money, from a market speculation standpoint. (If you accept assumption deflation is here, and it will worsen and be the primary dynamic for the next few years.)
1) I recently doubled-down my double-short position on gold, which I established a couple weeks ago. (“GLL” PROSHARES TR II PROSHARES ULTRASHORT GOLD) That position is now at 15% of my portfolio. When the gold bugs realize they have bought a commodity and are now facing strong winds of deflation, they will turn tail and dump gold.
My market call? Gold below $700 within the next 12 months. Yes, when I see that price I will switch my position to the other side (long) buying up truckloads of the yellow metal.
2) Finally, after years of saying “NO” I’m now saying “YES” agreeing with analysts who – for years – have been predicting economic crash in China. They are finally right. Major economic crash is hitting China. I believe it has already started six months ago and is now irreversible.
I took a position in Ultrashort Xinhua China ticker FXP. I’m late on that trade. Shanghai index has already fallen quite a bit.
YES, I’m working on selling my Tianjin condo. (I should have gotten it onto the market and sold it six months ago.)
3) I am betting for a continued rally in the US long bonds, buying TLT (iShares 20+ year treasury bond fund). I’m also late on this trade. Bonds have really rallied recently already ahead of my trade. Yes, I’m implying that the Fed will act to pull down the yield of the long bond.[/quote]
ParticipantA six weeks check:
1. Gold has been up almost 7% since July 27.
2. The Shanghai index was up over 4%
3. TLT is also up 4%.Elsewhere, China’s industrial output gained 13.9 percent from a year earlier, more than the 13 percent median estimate of 29 economists, a statistics bureau report showed in Beijing yesterday. Consumer prices jumped 3.5 percent, the most in 22 months, as food costs climbed. Retail sales increased 18.4 percent.
Warren Buffett ruled out a second recession in the U.S. and said businesses owned by his Berkshire Hathaway Inc. are growing.
Do people still agree with Krugman that the start of depression is coming?
[quote=stockstradr]I agree with Krugman, on every point.
And I also say this is easy money, from a market speculation standpoint. (If you accept assumption deflation is here, and it will worsen and be the primary dynamic for the next few years.)
1) I recently doubled-down my double-short position on gold, which I established a couple weeks ago. (“GLL” PROSHARES TR II PROSHARES ULTRASHORT GOLD) That position is now at 15% of my portfolio. When the gold bugs realize they have bought a commodity and are now facing strong winds of deflation, they will turn tail and dump gold.
My market call? Gold below $700 within the next 12 months. Yes, when I see that price I will switch my position to the other side (long) buying up truckloads of the yellow metal.
2) Finally, after years of saying “NO” I’m now saying “YES” agreeing with analysts who – for years – have been predicting economic crash in China. They are finally right. Major economic crash is hitting China. I believe it has already started six months ago and is now irreversible.
I took a position in Ultrashort Xinhua China ticker FXP. I’m late on that trade. Shanghai index has already fallen quite a bit.
YES, I’m working on selling my Tianjin condo. (I should have gotten it onto the market and sold it six months ago.)
3) I am betting for a continued rally in the US long bonds, buying TLT (iShares 20+ year treasury bond fund). I’m also late on this trade. Bonds have really rallied recently already ahead of my trade. Yes, I’m implying that the Fed will act to pull down the yield of the long bond.[/quote]
ParticipantExcessive savings takes away other life goals and other life enjoyment. I know some stories of Asian that have a million in the bank but eat spoiled food. It is suicidal for no reason at all.
ParticipantExcessive savings takes away other life goals and other life enjoyment. I know some stories of Asian that have a million in the bank but eat spoiled food. It is suicidal for no reason at all.
ParticipantExcessive savings takes away other life goals and other life enjoyment. I know some stories of Asian that have a million in the bank but eat spoiled food. It is suicidal for no reason at all.
ParticipantExcessive savings takes away other life goals and other life enjoyment. I know some stories of Asian that have a million in the bank but eat spoiled food. It is suicidal for no reason at all.
ParticipantExcessive savings takes away other life goals and other life enjoyment. I know some stories of Asian that have a million in the bank but eat spoiled food. It is suicidal for no reason at all.
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