the lack of job creation is staggering and well outside the bounds of my expectations...I don't see the Fed raising rates anytime soon...this will cause more money to source the carried interest rate spread trade with higher yielding foreign sovereign bonds...I would magine the UK/$, A$/$ and Euro/$ trade will become en vogue as we speak...The Japan Scenario of stagnant growth and evaporating yields could be the road map...the only problem is we have a crappy currency, massive deficits and an abysmal savings rate so we, as Americans, rely on foreigners to fund an uncomfortable and perhaps unsustainable amount of the Treasury funding...
<<I can't imagine either of them on skis.>>
Bucley was actually a pretty darn good skier. He may have skiied for his Ivy League school, whichever it was.
Talk about an odd couple. (There was actually a 3rd member of their group, a famous banker from San Francisco whose name escapes me.)
They used to meet at Sugar Bowl.
<<I would magine the UK/$, A$/$ and Euro/$ trade will become en vogue as we speak...The Japan Scenario of stagnant growth and evaporating yields could be the road map...the only problem is we have a crappy currency, massive deficits and an abysmal savings rate so we, as Americans, rely on foreigners to fund an uncomfortable and perhaps unsustainable amount of the Treasury funding...>>
As usual, kart has it dead right. His post is worth repeating. More than half my net worth is now in non-US stocks and bonds. Pay attention guys, right after the election, things could get nasty. We all think we're smart enough to get out before the collapse, but the fact is that few people do. They freeze and ride the bomb all the way down. If you have the time, take a look at the 1973/74 market statistics. Half the DJ Industrial 30 stocks were selling below 6X PE. (As I recall.)I know some were at 3X and 4X. Keep studying your history.
this is not meant in a rude way at all, but a serious question. you quote the p/e in 73/74. why is that any more important than the pe in 1999-2000. or 50-51, or pick any two years. i study market history and pe's go up and they go down. what is the point?
It is very simple...money is smart in the long run...reduce the after tax return and less will be available to chase that return...I was reading a Hungarian pharmaceutical co's financials today and the corp tax rate in hungary is 18%...this was a privatized co so in order to attract capital the gov't waved 60% of that for five years...so their effective ate is 7%...guess what? they got the money they needed and the thing has grown like a weed...it is just that simple...capitalism works...
There is an ex-tech guy out here who started a not for profit and he is the umbrella organization for a bunch of what he calls conservation entrepreneurs...he handles their fund rasing, back office, tech support, regulatory filings, etc...he dolls out the dough as well...and he is seriously on the gas and holds them very accountable...the whole thing works well...but to answer your question, I give money directly to him and he apportions it as needed...one of the organizations he does this for does work with Cheetahs in Botswana and one does it in Namibia...
Back last week when Greenspan talked about cutting social sercurity benefits a talk show on the radio asked for comments, and a caller suggested that UNEARNED INCOME be subject to the full FICA tax. They said it was fair and progressive- the more you make the more you pay. Probably a good bet that caller had little such income.
<I gave 50X that to one wildlife conservation org last year...
Contribute that towards some 'caring for people' organization and GH will LOVE YA!
Just kidding. Did you ever join that 'save the cheetahs or leopard' organization? I'm signed up for an October trip to Africa (Kenya) and want to make sure they're still there when I get there. LOL.
Hving just returned from a cruise with about 25% Austrailians, 25% US, 25% British, and 25% canadians. The overwelming political leaning was to emulate liberal policies. It is not just the US society that is in denial.
I had a talked a length with a Doctor from England who wanted to move to the US but insisted on his 7 weeks vacation. He could not understand that as a Cardiac Surgeon he would make tons more money here and he could take of as much time of as he wants. People like him can write the rules for any job they want. He did not believe us. Stuck in his government healthcare model.
LOL...its true!!! Out here, I think it was Arianna Huffington who was running for Governor and they published some figures from her tax return and her charitable giving was $2-3K...and she is worth serious coin...yet she babbles about the obligations of the rich and the need for confiscatory taxes etc (always INCOME taxes by these folks btw NEVER ASSET taxes...they own assets and generate little income)...guys, I gave 50X that to one wildlife conservation org last year...