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November 11, 2011 at 9:47 AM in reply to: OT: Washington Corrupted to the Core by Lobbyists – 60 Minutes Piece #732732October 26, 2011 at 8:29 PM in reply to: It’s going to get much worse…there is no escape (ECRI) #731381
Huckleberry
Participant[quote=flu]Maybe this is sort of off topic, but maybe someone else has been noticing….
I’ve been seeing more and more things being made in the USA again…. Inexpensive things that you would think have low margins and outsourced….I mean, things like plastic boxes, screen meshes, screws, nuts bolts, that traditionally was be made overseas is now here…
Have we reached a point that that our currency and economy is so trashed that it’s starting to look more competitive to manufacture in some of the rustbelts/midwest now versus overseas?
Also, maybe there is some hope afterall???
Americans have no choice but to get more frugalI manufacture SKEGPROTECTORS for repair of broken boat skegs, right up in Oceanside.
I would NEVER consider sending this work out of country even if it were cheaper.
1. I enjoy giving work to small companies like my own even if it’s a bit more expensive, we need to stick together and help each other out in trying times as these…
2. I don’t trust out of country companies to not steal my IP.
3. I have a much better management capability having it all done locally.
ParticipantThanks for the support!
Piggs, feel free to PM me if you you need a boat skeg repair, I will give you an awesome discount on a SKEGPROTECTOR, just over cost.
No intention of marketing here, sorry Rich. But, I figure all the discussions on this board have saved me many thousands of dollars. The least I can do is give a discount back to the members…
ParticipantThe flat tax debate has been center stage debate for all the presidential candidates this last week.
It looks like it’s going to dominate the 2012 elections and be a primary deciding factor.
I have read many analysis that a flat tax system will immediately erase 10-15% of housing valuation in the first year based on the elimination of the mortgage interest deduction.
I ask Piggs, what are you conjectures about the affects a flat tax will have on the mortgage interest deduction and ultimately on housing prices in high valuation areas such as coastal SD?
ParticipantI manufacture SKEGPROTECTORS for repair of broken boat skegs, right up in Oceanside.
I would NEVER consider sending this work out of country even if it were cheaper.
1. I enjoy giving work to small companies like my own even if it’s a bit more expensive, we need to stick together and help each other out in trying times as these…
2. I don’t trust out of country companies to not steal my IP.
3. I have a much better management capability having it all done locally.
ParticipantNow that we’re further into the RE correction and the data has had more time to coalesce, do Piggs have any newer opinions about these services and which one now stands out above the rest?
ParticipantNow that we’re further into the RE correction and the data has had more time to coalesce, do Piggs have any newer opinions about these services and which one now stands out above the rest?
ParticipantYea, like the broke gov’t. has any choice or control over it at this point.
The banks are on the brink of disaster and are in survival mode now.
ParticipantYep agreed…
Foreclosure properties are going to start flooding the market.
Because the banks are in such trouble now (again), and possibly looking at another bailout, they are starting to aggressively foreclose and liquidate assets.
This from CNBC’s Diana Olick just yesterday:
http://www.cnbc.com/id/44533588This from Market Watch today:
http://www.marketwatch.com/story/foreclosure-filings-jump-7-in-august-from-july-2011-09-15?siteid=nwhrealNow the issue is, which banks can get their foreclosures to market first. When this has happened in the past, once the first bank starts dumping, all the others start rushing in to do the same so they’re not stuck with a bunch of assets they can’t sell because the buyer pool has dried up. Nobody ever want to be the last one standing when the music stops. It’s now going to be a free for all…
The realtors should be thrilled by this! Lot’s of inventory to sell to investors…
September 13, 2011 at 10:57 AM in reply to: P&G’s Hour Glass Strategy: Shrinking Middle Class #728927ParticipantAgreed. Obama (and cronies) are setting the new “higher taxation threshold” at $200K for single filers, meaning if you make less than that you are considered middle to low income.
At $200K ($250K married) and above you can consider yourself as just squeezing into the lowest tier of the high income group.
ParticipantPablo & EconProf
Do either of you know of any conservative hard money lender’s you can refer based on good experiences?
Would like to look further into this but when Googling for local firms, many websites look pretty cheesy and send red flags of potential fraud…
September 1, 2011 at 10:25 AM in reply to: Shrinking Labor Force May Curb U.S. Expansion for Two Decades #727280ParticipantBG, I’m with you 100%.
I have been in the market for almost 25 years now in various ways including day trading (of which I did not make millions, LOL…)
From all of the professional newsletters I follow, 90% are shouting “watch out below” for the next decade. These premise are based on:
1. Baby boomers pulling out of stocks (http://www.frbsf.org/publications/economics/letter/2011/el2011-26.html)
2. ECRI reporting new recession through 2013
3. Persistent high unemployment
4. Higher taxes
5. Per Bernanke – Killer inflation coming in future (http://www.theonion.com/articles/drunken-ben-bernanke-tells-everyone-at-neighborhoo,21059/)
I recently sold all of my 401K stock holdings and bought bonds. Ticker: PTTRX.
I also sold all stocks in my taxable brokerage accounts and purchased high yield corporate bonds. Ticker: VCLT.
September 1, 2011 at 10:25 AM in reply to: Shrinking Labor Force May Curb U.S. Expansion for Two Decades #727369ParticipantBG, I’m with you 100%.
I have been in the market for almost 25 years now in various ways including day trading (of which I did not make millions, LOL…)
From all of the professional newsletters I follow, 90% are shouting “watch out below” for the next decade. These premise are based on:
1. Baby boomers pulling out of stocks (http://www.frbsf.org/publications/economics/letter/2011/el2011-26.html)
2. ECRI reporting new recession through 2013
3. Persistent high unemployment
4. Higher taxes
5. Per Bernanke – Killer inflation coming in future (http://www.theonion.com/articles/drunken-ben-bernanke-tells-everyone-at-neighborhoo,21059/)
I recently sold all of my 401K stock holdings and bought bonds. Ticker: PTTRX.
I also sold all stocks in my taxable brokerage accounts and purchased high yield corporate bonds. Ticker: VCLT.
September 1, 2011 at 10:25 AM in reply to: Shrinking Labor Force May Curb U.S. Expansion for Two Decades #727968ParticipantBG, I’m with you 100%.
I have been in the market for almost 25 years now in various ways including day trading (of which I did not make millions, LOL…)
From all of the professional newsletters I follow, 90% are shouting “watch out below” for the next decade. These premise are based on:
1. Baby boomers pulling out of stocks (http://www.frbsf.org/publications/economics/letter/2011/el2011-26.html)
2. ECRI reporting new recession through 2013
3. Persistent high unemployment
4. Higher taxes
5. Per Bernanke – Killer inflation coming in future (http://www.theonion.com/articles/drunken-ben-bernanke-tells-everyone-at-neighborhoo,21059/)
I recently sold all of my 401K stock holdings and bought bonds. Ticker: PTTRX.
I also sold all stocks in my taxable brokerage accounts and purchased high yield corporate bonds. Ticker: VCLT.
ParticipantI beleive it’s going to have a significant impact on housing in high valuation areas such as along the coast.
Here is an excellent article by the WSJ that has mapping of highest affected areas, and SD is on the top of the list.
http://online.wsj.com/article/SB10001424052702303763404576420101788878440.html
NAR (whom I never beleive because they constantly exaggerate everything) has stated this will instantly remove 15% of value from all housing across the board. Now, I don’t beleive that number, but I also don’t think it is negligible, especially in high valuation areas.
I think another thing you should be well aware of is that Congress is now debating the whole debt ceiling issue, and part of that is an idea to eliminate the mortgage interest deduction. Again, this one thing alone in my opinion will have a significant impact on high value homes. By my calculations, a $400K loan gets $105K of tax relief (over the term of the loan) from this tax break. If this is removed, it will remove the motivation for many to purchase, hence less demand…
Aggregate the impacts of both of these policy changes, and this is no laughing matter for someone looking to purchase now!
I’m just sayin’…
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