Monday Monetary Madness - This Is What The Yield's Like When Fed Doves Cry [View article]
Nope, we're playing those indexes to flip-flop in a narrow range as we test the top of our range (or maybe the bottom of a new range!). We were short again this morning, flipped long at 820 on the RUT and back out at the end of the day with no opinion after that weak bounce.
Monday Monetary Madness - This Is What The Yield's Like When Fed Doves Cry [View article]
It does change a lot. I generally report on our day-trading status, not our macros, which tend to be for 3 months to 1 year (and are still bullish, just waiting for a pullback). Today we flipped negative again (see new post) and, as of 3:30, we're still short-term bearish into tomorrow morning.
Our site has a mix of long-term, short-term, day traders and swing traders so we talk about all sorts of things, including futures trades that last an hour or two at most. What you read on SA is not even 20% of a day's output - it's essentially just my morning notes to Members.
Monday Monetary Madness - This Is What The Yield's Like When Fed Doves Cry [View article]
Not sure what you mean about keeping track - that's 3 week's worth of some of our trade ideas. Certainly not everyone follows every trade and, of course, when our early trades mature, we cash them and go with those "fresh horses". I have 5 screens on 3 computers on my desk but they are mainly for looking up data and info - not so much needed to keep up with trades, which are all archived in our daily posts and chat sessions.
Friday Finale: This Is The End, But For Who? [View article]
Sorry but who and whoever are for subject pronouns (like he or she) while whom and whomever are for object pronouns (him or her).
"We always love those who admire us, but we do not always love those whom we admire." (Francois de La Rochefoucauld)
I'm not big on grammar as I'd rather have a sentence read well than be well-constructed but I do find the overuse of "whom" to be pretentiously annoying.
Fall Back Friday: Greece Not Yet Fixed [View article]
Here's a video on the Reichstag Fire and other false flag examples you can wrap yourself in next time you need to make a point that makes no sense - it gets a little crazy with the conspiracy theories, but I figure you'll love the part where it blames Clinton.
Fall Back Friday: Greece Not Yet Fixed [View article]
You are right Incendo, I typed "How many people in the US without health care" into Google and, in 0.19 seconds, I was able to find out it as 50.7M, not 43M you absolute tool (I'm sorry, did I type that out loud?).
I assumed that was a well-known concrete fact so I myself didn't bother to check and used a far too conservative number apparently.
Then you go to Reichstag fire - WOW! I think I would pay to sit in on an analysis session with you. It would be fascinating to see those wheels spinning as we learn about all the things you associate in there...
Unfortunately, you didn't actually use it correctly as the Reichstag fire was set by the Nazis to blame the Communists falsely for a plot against the German Government so they could arrest their enemies and trample the constitution.
Thank goodness we could never even imagine a modern parrallel to that, where an administration that recently took power uses a real or faked event as an excuse to suspend civil liberties and roll their military ambitions across the globe on essentially false pretenses while branding anyone who disagrees with them a traitor or, in the succinct words of a great modern leader - "you are either with us, or you are with the terrorists."
Fall Back Friday: Greece Not Yet Fixed [View article]
So my idiocy is that there is government health care but you don't like the way its run so it doesn't count? I'm sorry, we'll all remember to check with you next time we need to know something instead of facts that are available on-line.
Speaking to rational people now: No one says Government Health Care is going to be gold standard - that's just not possible. The rich will always get better care than the poor unless you go to tremendous lengths to restrict free enterprise in the Health Sector and no one is saying that should happen.
The issue is NOT having coverage for poor people. That 43M people in this county without health insurance ONLY can get Health Care at a hospital emergency room (where it's 20x more expensive and often late in the cycle) is worse than having a system where people wait to see a doctor (and I pay for my doctor and have to wait too!).
Millions of babies are born to mothers who are denied pre-natal care. The mothers don't get good nutritional counseling, vitamins, ultrasounds, etc... We're willing to legislate that they have to have the babies but then we don't give a crap under what conditions they have them? That's not just humane
Fall Back Friday: Greece Not Yet Fixed [View article]
LOL DVirgina! That's a better response than I was going to give but I will just point out that anyone who has heard of Google or Wikipedia and wanted to check a fact before spouting off would know that India does indeed have Universal Health Care - just like every other civilized nation EXCEPT this one.
China is a bit more complex but has, since 2005 (too recent for the Fox crowd to have found out about it as they are still pretty much in the stone age) has had the NRCMCS, which is the New Rural Co-operative Medical Care System is "only" 2/3 paid by the Government at $7 per person and covers roughly 700M people not covered under standard government care in the cities. I guess we can say that's "private" health care in some Conservative fantasy-land, right?
China has also spent many Billions building hospitals and upgrading facilities (where do you think GE and ISRG are selling all those machines?).
Anyway, it's always fun to be criticized by people who completely ignore the facts and then make their "point" based on completely wrong information but I do get enough of that when I force myself to watch Fox - it's very sad to see these
Fall Back Friday: Greece Not Yet Fixed [View article]
Don't forget the US, with 1/25th of the World's population and less than 1/10th of the land has a military budget that is over 50% of the entire Planet's spending.
Somehow, it does strike me as less than efficient.
But what's the point in using logic on someone spouting off that 50% of the country doesn't pay taxes nonsense that is drummed into the mindless masses who watch Fox propaganda all day?
Of the 46.4% of the people who actually do not pay INCOME (they do pay FICA) taxes, half earn less than $16,800 with a take-home pay of less than $14,000 less other deductions (average).
In 2002, the WSJ called these lucky non-taxpayers "luckie duckies". Of course most of those people couldn't afford $1 a day to pay for the Journal, so they were not offended.
2.5M (5%) of the people who pay no taxes are in the top 20% - they get out through loopholes and pass-through losses etc. In fact, 24,000 (3%) people in the top 1% paid no taxes but that's nothing compared to Corporate America, where half of the NYSE listed companies did not pay a dime and, despite declaring over $2,000,000,0000,0000 in profits in 2010, US Corporations paid just $192Bn in taxes, not even 10%.
Fall Back Friday: Greece Not Yet Fixed [View article]
Tsk, tsk, blaming Government for all our problems is ridiculous. This IS a democracy. You can run, and you would run if it wasn't the manic focus of 99% of the people in this country to make as much money as possible. It's not about taxation and who gets the money – I say put it all into R&D, Infrastructure etc – this country should be building Newt's moon base and colonizing Mars 50+ years after Kennedy put us into space – what a shame that the extent of your vision for what Government can accomplish seems to end at a bread line.
This is about incentives and, in this case, disincentives to accumulate wealth. If you, for example, had the superhuman ability to consume all the food in all the supermarkets in your county – even though you actually only needed to eat the food that any other person ate and EVEN THOUGH you work really hard and can afford it – should we be encouraging that behavior? NJ has 21 counties so we could either allow 21 "poop creators" like you to stuff yourself until you explode or we can feed 9M people.
That's what excess wealth is. When you have $1Bn, you are clearly depriving 1,000 people from the ability to get $1M – unless the Fed immediately creates another $1Bn to cover what you've socked away. Money is a SUPPLY – why is this fact lost on the accumulators of wealth. If you HOARD the supply of something then other people are unable to get their fair share and THEY SUFFER!
Government, the kind that is of the people and for the people and by the people – it meant to make sure that EVERYTHING is appropriately distributed. This is not to say that some people should not be rewarded for their accomplishments and have more than others but it does mean that no one should have too much and no one should have too little. If you can't understand that $500,000,000 is too much and $15,0000 (minimum wage) a year is too little – then all I can do is suggest you try living on $15,000 a year for a while – without that nasty Government assistance.
There’s one way of approaching fairness in the tax rate that involves two dimensions, and capital gains violates both of them. That approach has a vertical and horizontal approach to fairness. There’s vertical equity – where those with more pay more – and there’s horizontal equity, where people who are the same should be taxed the same. (Whether these are necessarily two principles of equity or one is a debate for another day.) That capital gains are taxed less than income violates both.
Everyone understands that Warren Buffet paying less of a rate than his secretary, who makes much less money than he does, is unfair. That’s the vertical relationship.
But let’s also consider the horizontal one. Let’s imagine Warren Buffet’s gardener, and let’s make up that he makes $8 an hour. Warren Buffet made roughly $63 million dollars last year. Now let’s picture that the gardener, who has all kinds of cool incentives to make lots of money since he gets to see Warren Buffet’s example, also wants to make $63 million dollars in a year.
At $8/hour, it takes him 7.875 million hours of work to pull that off in a year. Technically it takes him working 900 years to make that kind of money – but he’s capable of doing it in one year because he is really tugging at those bootstraps.
Now what’s his tax rate when he makes $63 million? It isn’t 15% – it is much higher. Even though they make the same money, the person who makes it from labor pays a much higher tax rate.
There are reasons to violate horizontal equity – we give people with children a tax break over those without children, even if they make the same income, because we value that as a society and want to invest in young people, for example. But what’s the reason to give Buffet a break over his multi-millionaire gardener? That is also as unfair as the Buffet secretary example – and why it is important that income is taxed as income is taxed as income.
Monday Monetary Madness - This Is What The Yield's Like When Fed Doves Cry [View article]
Monday Monetary Madness - This Is What The Yield's Like When Fed Doves Cry [View article]
Monday Monetary Madness - This Is What The Yield's Like When Fed Doves Cry [View article]
Our site has a mix of long-term, short-term, day traders and swing traders so we talk about all sorts of things, including futures trades that last an hour or two at most. What you read on SA is not even 20% of a day's output - it's essentially just my morning notes to Members.
Monday Monetary Madness - This Is What The Yield's Like When Fed Doves Cry [View article]
Monday Monetary Madness - This Is What The Yield's Like When Fed Doves Cry [View article]
Friday Finale: This Is The End, But For Who? [View article]
8-)
Friday Finale: This Is The End, But For Who? [View article]
"We always love those who admire us, but we do not always love those whom we admire." (Francois de La Rochefoucauld)
I'm not big on grammar as I'd rather have a sentence read well than be well-constructed but I do find the overuse of "whom" to be pretentiously annoying.
Monday Market Miracle: Greece Is Fixed Again [View article]
Fall Back Friday: Greece Not Yet Fixed [View article]
http://bit.ly/wDfdgO
Fall Back Friday: Greece Not Yet Fixed [View article]
I assumed that was a well-known concrete fact so I myself didn't bother to check and used a far too conservative number apparently.
Then you go to Reichstag fire - WOW! I think I would pay to sit in on an analysis session with you. It would be fascinating to see those wheels spinning as we learn about all the things you associate in there...
Unfortunately, you didn't actually use it correctly as the Reichstag fire was set by the Nazis to blame the Communists falsely for a plot against the German Government so they could arrest their enemies and trample the constitution.
Thank goodness we could never even imagine a modern parrallel to that, where an administration that recently took power uses a real or faked event as an excuse to suspend civil liberties and roll their military ambitions across the globe on essentially false pretenses while branding anyone who disagrees with them a traitor or, in the succinct words of a great modern leader - "you are either with us, or you are with the terrorists."
Fall Back Friday: Greece Not Yet Fixed [View article]
Speaking to rational people now: No one says Government Health Care is going to be gold standard - that's just not possible. The rich will always get better care than the poor unless you go to tremendous lengths to restrict free enterprise in the Health Sector and no one is saying that should happen.
The issue is NOT having coverage for poor people. That 43M people in this county without health insurance ONLY can get Health Care at a hospital emergency room (where it's 20x more expensive and often late in the cycle) is worse than having a system where people wait to see a doctor (and I pay for my doctor and have to wait too!).
Millions of babies are born to mothers who are denied pre-natal care. The mothers don't get good nutritional counseling, vitamins, ultrasounds, etc... We're willing to legislate that they have to have the babies but then we don't give a crap under what conditions they have them? That's not just humane
Fall Back Friday: Greece Not Yet Fixed [View article]
http://bit.ly/w2SMlw
China is a bit more complex but has, since 2005 (too recent for the Fox crowd to have found out about it as they are still pretty much in the stone age) has had the NRCMCS, which is the New Rural Co-operative Medical Care System is "only" 2/3 paid by the Government at $7 per person and covers roughly 700M people not covered under standard government care in the cities. I guess we can say that's "private" health care in some Conservative fantasy-land, right?
China has also spent many Billions building hospitals and upgrading facilities (where do you think GE and ISRG are selling all those machines?).
Anyway, it's always fun to be criticized by people who completely ignore the facts and then make their "point" based on completely wrong information but I do get enough of that when I force myself to watch Fox - it's very sad to see these
Fall Back Friday: Greece Not Yet Fixed [View article]
Somehow, it does strike me as less than efficient.
But what's the point in using logic on someone spouting off that 50% of the country doesn't pay taxes nonsense that is drummed into the mindless masses who watch Fox propaganda all day?
Of the 46.4% of the people who actually do not pay INCOME (they do pay FICA) taxes, half earn less than $16,800 with a take-home pay of less than $14,000 less other deductions (average).
In 2002, the WSJ called these lucky non-taxpayers "luckie duckies". Of course most of those people couldn't afford $1 a day to pay for the Journal, so they were not offended.
2.5M (5%) of the people who pay no taxes are in the top 20% - they get out through loopholes and pass-through losses etc. In fact, 24,000 (3%) people in the top 1% paid no taxes but that's nothing compared to Corporate America, where half of the NYSE listed companies did not pay a dime and, despite declaring over $2,000,000,0000,0000 in profits in 2010, US Corporations paid just $192Bn in taxes, not even 10%.
http://bit.ly/x8ilWV
Fall Back Friday: Greece Not Yet Fixed [View article]
This is about incentives and, in this case, disincentives to accumulate wealth. If you, for example, had the superhuman ability to consume all the food in all the supermarkets in your county – even though you actually only needed to eat the food that any other person ate and EVEN THOUGH you work really hard and can afford it – should we be encouraging that behavior? NJ has 21 counties so we could either allow 21 "poop creators" like you to stuff yourself until you explode or we can feed 9M people.
That's what excess wealth is. When you have $1Bn, you are clearly depriving 1,000 people from the ability to get $1M – unless the Fed immediately creates another $1Bn to cover what you've socked away. Money is a SUPPLY – why is this fact lost on the accumulators of wealth. If you HOARD the supply of something then other people are unable to get their fair share and THEY SUFFER!
Government, the kind that is of the people and for the people and by the people – it meant to make sure that EVERYTHING is appropriately distributed. This is not to say that some people should not be rewarded for their accomplishments and have more than others but it does mean that no one should have too much and no one should have too little. If you can't understand that $500,000,000 is too much and $15,0000 (minimum wage) a year is too little – then all I can do is suggest you try living on $15,000 a year for a while – without that nasty Government assistance.
Fall Back Friday: Greece Not Yet Fixed [View article]
http://bit.ly/yz6R4k
There’s one way of approaching fairness in the tax rate that involves two dimensions, and capital gains violates both of them. That approach has a vertical and horizontal approach to fairness. There’s vertical equity – where those with more pay more – and there’s horizontal equity, where people who are the same should be taxed the same. (Whether these are necessarily two principles of equity or one is a debate for another day.) That capital gains are taxed less than income violates both.
Everyone understands that Warren Buffet paying less of a rate than his secretary, who makes much less money than he does, is unfair. That’s the vertical relationship.
But let’s also consider the horizontal one. Let’s imagine Warren Buffet’s gardener, and let’s make up that he makes $8 an hour. Warren Buffet made roughly $63 million dollars last year. Now let’s picture that the gardener, who has all kinds of cool incentives to make lots of money since he gets to see Warren Buffet’s example, also wants to make $63 million dollars in a year.
At $8/hour, it takes him 7.875 million hours of work to pull that off in a year. Technically it takes him working 900 years to make that kind of money – but he’s capable of doing it in one year because he is really tugging at those bootstraps.
Now what’s his tax rate when he makes $63 million? It isn’t 15% – it is much higher. Even though they make the same money, the person who makes it from labor pays a much higher tax rate.
There are reasons to violate horizontal equity – we give people with children a tax break over those without children, even if they make the same income, because we value that as a society and want to invest in young people, for example. But what’s the reason to give Buffet a break over his multi-millionaire gardener? That is also as unfair as the Buffet secretary example – and why it is important that income is taxed as income is taxed as income.