tag:blogger.com,1999:blog-6616959642391988608.post4948683437182185589..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Recommended reading: Taxes and a Two-Santa TheoryScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-6616959642391988608.post-75796559376160124972016-01-20T14:15:16.299-08:002016-01-20T14:15:16.299-08:00Hi Thinking Hard, you are right -- precious metals...Hi Thinking Hard, you are right -- precious metals are not the way to go during deflation. For the record, I do not own much gold and silver overall -- I own dividend and rent earning equities. My consideration of gold and silver is more about the potential for anarchy that could ensue in the coming years, but who knows if that's really going to happen either.<br /><br />So, what do you McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-47012563903112070892016-01-20T08:54:23.421-08:002016-01-20T08:54:23.421-08:00This isn't so. Ask yourself: If the Fed has th...This isn't so. Ask yourself: If the Fed has the ability to expand its balance sheet 450% in a 7 year period, why is there a need for bail-ins? That type of fear mongering is not necessary to pitch gold. <br /><br />Here you go....Can the market go down and stay down? Why? Why not? What is the Fed's role in the boom/bust cycle?<br /><br />How does the Fed help ensure the market continues Thinking Hardhttps://www.blogger.com/profile/11528747799967719972noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-64967924181365128382016-01-20T07:50:23.178-08:002016-01-20T07:50:23.178-08:00Question: Is it true that the Fed is positioning W...Question: Is it true that the Fed is positioning Wall Street lenders to employ "bail-ins" to resolve debt defaults? Tell me this isn't so...McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-71438567234002521742016-01-20T06:40:16.750-08:002016-01-20T06:40:16.750-08:00PS: Watch for the Gulf coast to secede and for the...PS: Watch for the Gulf coast to secede and for the West coast to secede from the USA. The west coast will quickly align with Asian technology and aerospace interests, the Gulf coast would align with Latin America and South America in an effort toward energy hegemony, and the remaining Northern tier country would align with European banking interests. The incentives for the new Gulf coast and McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-30047836439459059032016-01-20T06:32:54.540-08:002016-01-20T06:32:54.540-08:00Regarding taxes, I recommend that the Congress pas...Regarding taxes, I recommend that the Congress pass a three-year moratorium on personal income taxes for all taxpayers earning less than $300,000 annually. This three-year period would give the Congress the time it needs to pass a VAT and repeal personal incomes taxes, while creating consumer demand across Main Street USA. I see no other recommendations on the table that come close to working.McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-11073646897427783012016-01-20T04:37:35.732-08:002016-01-20T04:37:35.732-08:00OT:
"The oil market faces the prospect of a...OT:<br /><br /><br />"The oil market faces the prospect of a third successive year when supply will exceed demand by 1 million barrels per day and there will be enormous strain on the ability of the oil system to absorb it efficiently," the EIA said, according to the Wall Street Journal.<br />"Unless something changes, the oil market could drown in oversupply," the EIA Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-34751315414941267352016-01-19T17:04:52.489-08:002016-01-19T17:04:52.489-08:00Scott Grannis: speaking purely as a classic econom...Scott Grannis: speaking purely as a classic economist, the results of federal spending on infrastructure cannot be any less wasteful than spending on national security.<br /><br />The $1 trillion in national security spending (DOD, DHS, VA, black budget, pro-rated debt) is annual and unstoppable however...Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-88680803013253604812016-01-19T16:40:15.471-08:002016-01-19T16:40:15.471-08:00Lawyer: if we are to engage in another round of &q...Lawyer: if we are to engage in another round of "infrastructure investment" I would hope that the federal government keeps its distance. Much better to let the states and local governments handle this, using revenues from a stronger economy which would follow a reduction in today's onerous tax rates. The last time the government dumped billions of dollars into "shovel ready&Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-56211835261580395992016-01-19T16:37:44.692-08:002016-01-19T16:37:44.692-08:00Miller: that measure of inflation expectations has...Miller: that measure of inflation expectations has been much lower several times in the past: late 2008 (hitting a low of 0.5%), 1999 (between 1 and 1.5%), and 1998 (0.8%). In any event, I don't see how inflation expectations of 1.6% are anything to worry about. In that regard, I note that the very low inflation exceptions of 1998 and 1999 occurred at a time when the Fed was demonstrably Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-65133632977330649582016-01-19T12:07:37.271-08:002016-01-19T12:07:37.271-08:00https://research.stlouisfed.org/fred2/series/T5YIF...https://research.stlouisfed.org/fred2/series/T5YIFR<br /><br />Inflation expectations breaking to the downside. This is what Dudley [in his last speech] said is the key data sign for the future. 10 year bond yield going lower despite petro wealth funds selling US bonds and despite everything else anyone has been saying about higher yields.M Millerhttps://www.blogger.com/profile/05762326550608359675noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-66119496420799739452016-01-19T10:49:01.289-08:002016-01-19T10:49:01.289-08:00I will never understand why it has to be "eit...I will never understand why it has to be "either or." We can reduce taxes, specifically corporate taxes, and spend on our crumbling infrastructure, as well as build productive assets for the future, because we can borrow at such historically low rates. In tandem, we will be setting ourselves up for present as well as future growth.Lawyer in NJhttps://www.blogger.com/profile/02920739130504981369noreply@blogger.com