tag:blogger.com,1999:blog-6135767210188526078.post6182934914150398096..comments2023-07-28T11:28:55.153-04:00Comments on pebblewriter: Houston, We Have a Problem...pebblewriterhttp://www.blogger.com/profile/11324367600914701000noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-6135767210188526078.post-77432061169998674002012-03-12T19:15:59.517-04:002012-03-12T19:15:59.517-04:00I understand there are now people burying gold coi...I understand there are now people burying gold coins purchased with cash in remote desert locations found only by GPS. Quietly stashing cash outside US borders has become iffy, as one by one the formerly secretive jurisdictions are folding under US govt pressure. <br /><br />On the tax front... in California they quietly postponed the use of tax loss carry-forwards for AMT purposes. Ouch. No rationale -- just wanted more tax revenue.pebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-28093102390341072132012-03-12T18:36:04.123-04:002012-03-12T18:36:04.123-04:00 Retire? Unless you're one of the 1%....retire... Retire? Unless you're one of the 1%....retirement is right out the window.<br />-<br /><br />That reminds me of Japan. MISH' posted a good article on Japan just earlier. What a demographic utter mess. How can ANYONE expect to retire in Japan? <br /><br />Unless they can somehow have an army of 50 million robots to look after their elderly, urghh..its not good outlook.<br />-pebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-8230970183922844752012-03-12T18:32:20.219-04:002012-03-12T18:32:20.219-04:00Just finishing up our 2011 taxes. There is a new q...Just finishing up our 2011 taxes. There is a new question this year - "At any time during 2011, did you have a financial interest in ... a financial account ... located in a foreign country" ? It's interesting because we set up a small foreign account the first week 2012 (in case we can ever really retire).pebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-19055388548335747682012-03-12T18:22:46.656-04:002012-03-12T18:22:46.656-04:00Hmm - if PW's contest was for 1 day (and not 5...Hmm - if PW's contest was for 1 day (and not 5) I would win !<br /><br />My sixth sense says that there can't be a sizable downturn until there is more (retail) volume. pebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-7307024080826672142012-03-12T18:12:42.933-04:002012-03-12T18:12:42.933-04:00Whack-a-mole. ha.
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re: 'no choice but to sel...Whack-a-mole. ha.<br />-<br /><br />re: 'no choice but to sell'. <br /><br />They could always make it illegal to sell. I don't put anything past them. <br />-<br /><br />In the HUGE bigger picture of things...two words come to mind after reading your comment. Not directly related, but via the whole 'currency being printed out of existance'.<br /><br />Those two words................ CAPITAL CONTROLS.<br />--<br /><br />I gotta say they are scary words to me, since once we reach that stage, what then? Hell, I got a US $ trading account, but its based in the EU. I can only imagine the day when its frozen up by some govt' decree.<br /><br />Or maybe it'll just all vapourise..ala MF Global. Maybe I'm just being too doomster this evening, lol.<br /><br />Your point on the exponential rate of the moles....yeah.. it is indeed very important. Clearly, we need to confront this mole problem.<br /><br />Good wishes. pebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-65331556160568806072012-03-12T17:37:00.641-04:002012-03-12T17:37:00.641-04:00It's a strategy that will work perfectly -- un...It's a strategy that will work perfectly -- until it doesn't. When it's individual cities, counties, housing finance agencies, etc. --- you're right. He can play QE twist whack-a-mole. The problem comes if/ things snowball, and the sellers are disposing of a vast array of FI instruments because they're required to. If you're a bank or insurance company or money market fund, you might have no choice but to sell. How many individual issues can the Fed buy, and at what aggregate cost? It's whack-a-mole where the moles are multiplying at an expoential rate.pebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-69494315646784974032012-03-12T16:43:22.053-04:002012-03-12T16:43:22.053-04:00The Bernanke can just print to cover the minor reg...The Bernanke can just print to cover the minor regional Muni shortfalls. Why not huh ? If he is going to buy more MBS sometime this year, I'm sure he could get the backing to bail out each of the states who are already insolvent.<br />-<br /><br />Benny is pretty good at whacking a square air filter in a round hole.pebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-2066683531975468282012-03-12T15:57:09.045-04:002012-03-12T15:57:09.045-04:00absolute collapse in Volatility today consider spx...absolute collapse in Volatility today consider spx is unchaged. What gives??pebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.com