http://goldsilver.com/video/fast-food-workers-strike-nationwide-asking-for-wages-to-keep-up-with-inflation/
This is why I kept saying... don't believe those headline inflation numbers (and therefore, GPD numbers). The methodology for calculating it has been changed time and again to reflect low/no inflation.
Strikes in 60 cities.
Friday, August 30, 2013
Tuesday, August 27, 2013
Why Do Education and Health Care Cost So Much?
http://www.bloomberg.com/news/2013-08-26/why-do-education-and-health-care-cost-so-much-.html
Simple.. if any objective person is willing to look into it, he/she will find that it's because of government involvement with regulations/subsidies/taxes. There's no private, free-market in these sectors.
The author totally missed the point. The commenters below the article got it right.
Simple.. if any objective person is willing to look into it, he/she will find that it's because of government involvement with regulations/subsidies/taxes. There's no private, free-market in these sectors.
The author totally missed the point. The commenters below the article got it right.
Syria
An illegal war by the West against Syria is brewing. Just like the illegal war against Iraq.
"Warplanes and military transporters have begun arriving at Britain's Akrotiri airbase on Cyprus, less than 100 miles from the Syrian coast, in a sign of increasing preparations for a military strike against the Assad regime in Syria." ~Guardian
"Warplanes and military transporters have begun arriving at Britain's Akrotiri airbase on Cyprus, less than 100 miles from the Syrian coast, in a sign of increasing preparations for a military strike against the Assad regime in Syria." ~Guardian
Facebook Valuation
Speculators are valuing facebook as a more-than-$100 billion-worth company, based on a $53 million profit last year.
Facebook has an estimated P/E ratio of about 60 (or 193 for ttm). People are willing to pay for 60 years of forward earnings in order to buy a share of their stock.
Using this kind of valuation, Apple will be worth something like $3 trillion.
Facebook has an estimated P/E ratio of about 60 (or 193 for ttm). People are willing to pay for 60 years of forward earnings in order to buy a share of their stock.
Using this kind of valuation, Apple will be worth something like $3 trillion.
Thursday, August 22, 2013
Speculators in real estate
2 possibilities:
1. Someone is lying about the figures, or
2. 60% of homes sales are paid fully in cash.
#2 is more likely. If so, either
a. Low-wage, part-time workers are buying them, or
b. Lots of speculators are buying.
#a is unlikely because they couldn't even afford the homes when prices were lower, what more at these elevated prices. #b is the most likely explanation, in which case huge losses can be expected soon.
Flee bonds!
Bloomberg ~ Investors yanked $30.3 billion from U.S.-registered bond mutual and exchange-traded funds this month as dollar-denominated, investment-grade debt posted its biggest loss in at least three decades.
The withdrawals for the month through Aug. 19 are already the third-highest on record, following $69.1 billion of withdrawals in June and $42 billion in October 2008.
The withdrawals for the month through Aug. 19 are already the third-highest on record, following $69.1 billion of withdrawals in June and $42 billion in October 2008.
Tuesday, August 20, 2013
3rd bailout for Greece
"There will have to be another programme in Greece," Wolfgang Schaeuble, Germany's Finance Minister.
Of course Greece "needs" a 3rd bailout. Who in the right mind will believe that the problem of debt can be solved by more spending and debt? But why admit this right before the German election in a few weeks' time? If anything, the Germans will be even more pissed with Merkel.
Of course Greece "needs" a 3rd bailout. Who in the right mind will believe that the problem of debt can be solved by more spending and debt? But why admit this right before the German election in a few weeks' time? If anything, the Germans will be even more pissed with Merkel.
Abenomics Utter Fail
Abenomics Utter Fail: Japan’s Crazy Exploding Trade Deficit.
It's about time economists understand what trade is all about. Devaluing one's currency doesn't help increase wealth. There's no historical precedence for it. Sure, it helps exports, but it only means you pay more for imports too.
Also, the ultimate reason for a nation to export is to IMPORT.
Devaluing one's currency simply TRANSFERS wealth from the currency holders (this includes the population) to that FEW exporting companies, because there'll be inflation at home, and people/other companies have to pay more for imports.
A strong nation has a strong currency, not a weak one.
It's about time economists understand what trade is all about. Devaluing one's currency doesn't help increase wealth. There's no historical precedence for it. Sure, it helps exports, but it only means you pay more for imports too.
Also, the ultimate reason for a nation to export is to IMPORT.
Devaluing one's currency simply TRANSFERS wealth from the currency holders (this includes the population) to that FEW exporting companies, because there'll be inflation at home, and people/other companies have to pay more for imports.
A strong nation has a strong currency, not a weak one.
Tuesday, August 6, 2013
Noooo, I'm not a gold bug.
Most of my posts about gold in the past 4 years is to show what money really is, where it comes from, how it ought to behave to ensure FREEDOM for people. Gold just happens to be a very good example to use, because it has been chosen by mankind for 5000 years.
Over the years I've gotten a lot of arguments and name-callings from the anti-gold bugs. My posts on gold is not meant to turn everyone into an investor or speculator. I don't expect that to happen, and neither do I want that to happen. My foremost concern is to shed light on central banks (combined with government regulations - a real potent team indeed) - the real source of a lot of our displeasures today.
Over the years I've gotten a lot of arguments and name-callings from the anti-gold bugs. My posts on gold is not meant to turn everyone into an investor or speculator. I don't expect that to happen, and neither do I want that to happen. My foremost concern is to shed light on central banks (combined with government regulations - a real potent team indeed) - the real source of a lot of our displeasures today.
'Safer' Treasuries
http://www.bloomberg.com/news/2013-08-05/treasuries-proving-safer-than-aaa-two-years-after-s-p-cut-1-.html
If 2 planes are falling from the sky, and one is falling slower than the other one, do you call the slower one 'safer'?
If 2 planes are falling from the sky, and one is falling slower than the other one, do you call the slower one 'safer'?
Saturday, August 3, 2013
omg?
GIC said that while the global economy was facing challenges, it took a more bullish view on the United States as a major investment destination because of the improving economy there.
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