New Hidden Taxes Target The Rich

| November 14, 2013

We’ve been saying that the rich are going to make themselves into colorful targets for new hybrid taxes, click here to read about it, (I’m Smarter, That’s Why I’m Richer Than You…), so here we go….they’re just getting started with the hidden tax trickery! Luxury real estate broker Ron Aioso says there is a tax that is […]

Bridgewater Has A High Ranking Opinion

| June 26, 2012

Ray Dalio: Don’t Assume That Germany Will Bail Europe Out; Consider The “Fat Tail” A Significant Possibility…….Dalio’s Bridgwater is one of the highest rated hedge funds anywhere, so naturally we highly value their opinion! From Bridgewater’s Daily Observations: Be Careful When Betting Against Human Nature Alliances are shifting in a logical manner. The German-French alliance is breaking down […]

Many Pension Plans Are Buried In A Constant State Of Unrealistic Optimisom – But Now They Need To Get Real!

| April 10, 2012

So…the real question is how do we fix this?  As an example, Safeway faces shortfalls larger than its entire market cap, and they’re not alone in this mess. The latest data, from 2009, from the PBGC showed that these multi-employer plans were 48% underfunded with $331bn of assets to support $686bn of liabilities – and it […]

Student Loans Set New Record Above $1 Trillion

| March 22, 2012

The climb of student loan debt is simply unbelievable in the economic picture of things……it truely is the gift that keeps on taking! U.S. student-loan debt reached the $1 trillion mark, as young borrowers struggle to keep up with soaring tuition costs, according to the initial findings of a government study. The figure, which is higher […]

Looks Like Quicksand…But It’s Really Quickcement

| February 29, 2012

So, how do we do it…deleverage we mean? Uh, well, we need to spend less on cars and gas, and food, and housing and…healthcare, and buy less other things, and save more – oh, sorry about that last one, nothing left to save….. From Today’s Bloomberg Brief: The slow pace of deleveraging will continue to weigh on growth over […]

The 10 Biggest Bankruptcies Ever…Time To Change The Standings, The New Number 8 On The List Is?

| October 31, 2011

MF Global goes Chapter 11……breaks into the top ten standings! Here we go…MF Global, the brokerage run by former Goldman Sachs chief Jon Corzine, today filed for bankruptcy protection, becoming the highest-profile U.S. victim (that we know, so far) of bad bets on European government debt. With the Chapter 11 filing, MF Global also is likely […]

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