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Simon Property Group Inc. Message Board

  • thrasherterry thrasherterry Feb 16, 2009 10:19 PM Flag

    If you dont laught, you'll cry

    I have to share the following Q & A with the board. its not mine but it is so true
    <<< Sometime this year, taxpayers will receive an Economic Stimulus Payment. This is a very exciting new program that I will explain using the Q and A format:

    Q. What is an Economic Stimulus Payment?
    A. It is money that the federal government will send to taxpayers.

    Q. Where will the government get this money?
    A. From taxpayers.

    Q. So the government is giving me back my own money?
    A. No, they are borrowing it from China. Your children are expected to repay the Chinese.

    Q. What is the purpose of this payment?
    A. The plan is that you will use the money to purchase a high-definition TV set, thus stimulating the economy.

    Q. But isn’t that stimulating the economy of China ?
    A. Shut up.

    Below is some helpful advice on how to best help the US economy by spending your stimulus check wisely:

    If you spend that money at Wal-Mart, all the money will go to China.
    If you spend it on gasoline it will go to Hugo Chavez, the Arabs and Al Queda
    If you purchase a computer it will go to Taiwan.
    If you purchase fruit and vegetables it will go to Mexico, Honduras, and Guatemala (unless you buy organic).
    If you buy a car it will go to Japan and Korea.
    If you purchase prescription drugs it will go to India
    If you purchase heroin it will go to the Taliban in Afghanistan
    If you give it to a charitable cause, it will go to Nigeria.

    And none of it will help the American economy. We need to keep that money here in America. You can keep the money in America by spending it at yard sales, going to a baseball game, or spend it on prostitutes, beer (domestic only), or tattoos, since those are the only businesses still in the US. >>>

    so sad , and so true
    Thrash man

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    • As someone that was planning on shorting the heck out of US treasuries by mid-year 2009, I’ve been watching the 10-year and 30-year yields quite closely. The 10-year closed at a low of 2.08% December 18th, 2008 and the 30-year closed at a low with a yield of 2.53% on the same day. The 10-year yield went up to 2.75% at the close on Friday and the 30-year yield went up to 3.47%; 10-year is up 67 bps and the 30-year is up 94 bps. Yields have increases far faster than I expected.

      What does this mean? It’s costing the US more and more money for other countries to float our debt. Our creditors need more return to balance the increasing credit risk of the United States. This is not good, particularly when we ask for more money for fiscal stimulus in another 6-9 months. Yields will rise even further, and as yields rise, the cost of borrowing increases, putting downward pressure on economic growth. As TM said on this board about a month ago; there is no such thing as a free lunch. How true it is.

      Rising treasury yields is only the beginning, as increasing tax rates will be the next step. You simply cannot deficit spend yourself out of a recession and think that everything will be fine and dandy. There will be un-intended consequences that will inhibit economic growth in the long-run. Rising interest rates and tax rates will be the most apparent, but the kicker may be a weakening entrepreneurial spirit.

    • Just want to make this completely accurate, so a few updates.

      We stimulate China by buying only dangerous products, like lead filled toys.

      HDTVs, that's South Korea, Singapore & Japan. Oh, and overpriced sneakers from Thailand and Indonesia.

      Wal-Mart, some of the money goes to Arkansas and Washington for political lobbying.

      We don't send money to Chavez for oil. But Mexico and the drug cartels work just as well.

      I thought all fruit and vegetables wages went back to Mexico. Even if grown here, we don't pick it. Labor sends money home back south.

      Some car money goes to Germany, if you can afford it.

      U.S ideas, I don't know what to do. Half the ballplayers are Dominican or Cuban, prostitutes seem to be from Russia or Eastern Europe, Beer (Bud, the king of beers, was just bought by a European company), and tattoos - I think you're OK.

      And for Pete's sake, if your going to save your money and keep it safe in the U.S., DON'T PUT IT IN A BANK!

    • Yeh, I read that on Ritholtz and sent it to family and friends.

      Sums it up beautifully.

      Well, I am doing my part... true to form, I am opening up a local bottle of Old Vin Zin.

      Ahh, the recession ain't so bad after all.

      Stay cool TM

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