Search found 921 matches

by Met Income
Sun Feb 01, 2009 3:37 am
Forum: Personal Consumer Issues
Topic: HENRYs: high earners not rich yet
Replies: 64
Views: 11691

Don't forget, the Fed is an EXTREMELY high earner, and spends way more than it takes in.
by Met Income
Sat Jan 31, 2009 5:17 pm
Forum: Investing - Theory, News & General
Topic: Should Wall Street 'idiots' get a pay cap?
Replies: 109
Views: 12773

Not to existing contracts. Those who offered the contracts should be held accountable in the future.

If you had a contract that deferred compensation, you would think it is owed to you.
by Met Income
Thu Jan 29, 2009 7:52 am
Forum: Personal Consumer Issues
Topic: Is "Gold-Digging" Bad if Done for the Right Reason
Replies: 70
Views: 10538

Really? They're not allowed to? Not a law, just a social norm. Its not a hypothetical situation, rather a realistic description of Germany today. My point was that all this marry only from the same socioeconmic background idear can become very absurd. Obviously many will not care a lot about that n...
by Met Income
Thu Jan 29, 2009 7:50 am
Forum: Investing - Theory, News & General
Topic: Why fed buy its own debt?
Replies: 24
Views: 4341

because the Fed enjoys distorting the economy to their benefit
by Met Income
Wed Jan 28, 2009 9:42 pm
Forum: Investing - Theory, News & General
Topic: Florida pension fund hammered
Replies: 88
Views: 14086

Translation: "If it really hit the fan, we'll just raise taxes on the poor schmucks with no pension and a cratering 401K plan to save your retirement." Pretty much. Crap. You can't blame pension/defined benefit workers and retirees for the current mess,remember 20 to 25 years ago,both private and p...
by Met Income
Wed Jan 28, 2009 8:26 pm
Forum: Investing - Theory, News & General
Topic: Inflation the silent killer
Replies: 157
Views: 22193

Gregory wrote:
daryll40 wrote: ...high inflation scenario, high net worth/income individuals will pay a punitive tax....
You've written this many, many times recently. Lots of us here are in a similar situation -- we just don't trumpet it. We make the best of investment vehicles at hand.
Aren't ya kinda trumpeting it now?
by Met Income
Wed Jan 28, 2009 6:31 pm
Forum: Investing - Theory, News & General
Topic: Florida pension fund hammered
Replies: 88
Views: 14086

You can't blame pension/defined benefit workers and retirees for the current mess Pointing out that innocent taxpayers are likely to bear the burden of mismanagement isn't the same as "blaming" pension recipients. Exactly. I'm not blaming them. I'm blaming those who are in a power to under-fund but...
by Met Income
Wed Jan 28, 2009 5:24 pm
Forum: Investing - Theory, News & General
Topic: Florida pension fund hammered
Replies: 88
Views: 14086

ziggy29 wrote:
LynnC wrote: From CalPers site:

...

It is important to remember that your retirement benefits are protected by law.
Translation: "If it really hit the fan, we'll just raise taxes on the poor schmucks with no pension and a cratering 401K plan to save your retirement."
Pretty much. Crap.
by Met Income
Wed Jan 28, 2009 12:05 pm
Forum: Investing - Theory, News & General
Topic: Roubini Sees Negative Growth Remaining Through 2009
Replies: 53
Views: 8052

Adrian -- any stats on the uptick in business in your line of work? Meaning, have you seen an increase in incoming traffic flow due to increased crime as a result of the harsh & sweeping economic downturn? p.s. Man, based on some of the 'Lockup' documentary series I see on MSNBC, I definitely would...
by Met Income
Wed Jan 28, 2009 7:47 am
Forum: Investing - Theory, News & General
Topic: Inflation the silent killer
Replies: 157
Views: 22193

I'm always biased against inflation. It benefits the government. It allows them to spend more without directly taxing people. When the economy goes down, people blame the government. When prices go up, people blame businesses.
by Met Income
Wed Jan 28, 2009 7:46 am
Forum: Personal Consumer Issues
Topic: Is "Gold-Digging" Bad if Done for the Right Reason
Replies: 70
Views: 10538

Heres another puzzle for you: Man are alowed to marry down a bit from their social status, especially if the woman looks good. At the same time, more woman graduate from University. Woman on the other hand are not alowed to marry down at all, even a little bit. So what are those poor woman with Uni...
by Met Income
Tue Jan 27, 2009 12:24 pm
Forum: Investing - Theory, News & General
Topic: Inflation the silent killer
Replies: 157
Views: 22193

Inflation would be the only economic problem only if everybody was retired on COLA-adjusted pensions. It turns out most people are not - they rely on jobs for income and, coincidentally, to pay for those pensions. Hence deflation is a much greater danger to them than inflation. While rarer, deflati...
by Met Income
Tue Jan 27, 2009 11:05 am
Forum: Personal Consumer Issues
Topic: Merrill's Thain Says $1.2mil office rehab a mistake
Replies: 18
Views: 3441

This is tax payer money used for STIMULUS. Same as the Fed's plan.
by Met Income
Mon Jan 26, 2009 1:08 pm
Forum: Investing - Theory, News & General
Topic: Inflation the silent killer
Replies: 157
Views: 22193

haberd wrote:Like you.
?
by Met Income
Mon Jan 26, 2009 1:00 pm
Forum: Investing - Theory, News & General
Topic: Inflation the silent killer
Replies: 157
Views: 22193

haberd wrote: PS: Henry Hazlitt (yes, "i" not "e" and two "t"s) was utterly clueless.
How so?
by Met Income
Mon Jan 26, 2009 12:59 pm
Forum: Investing - Theory, News & General
Topic: Inflation the silent killer
Replies: 157
Views: 22193

haberd wrote:"Inflation hits the poor the hardest".
Yeah, all those homeless people and those with a lot of debt are really really worried about inflation. The poor and jobless really really hate the idea of an economic stimulus.
When expenses for basic necessities sky rocket, yes, you are severely hurt.
by Met Income
Sun Jan 25, 2009 11:52 pm
Forum: Personal Consumer Issues
Topic: What's your favorite gaming platform and game?
Replies: 90
Views: 12983

NES and SNES. then college and I made myself stop. my freshman roommate didn't and literally played Warcraft about 18 hrs/day. he would play until he fell asleep at random times, wake up and start playing again. mix in a few bathroom breaks and a quick trip downstairs to the cafeteria. he didn't ma...
by Met Income
Sun Jan 25, 2009 9:51 pm
Forum: Personal Consumer Issues
Topic: What's your favorite gaming platform and game?
Replies: 90
Views: 12983

I enjoy playing solitaire. You ought to try out Civlization 4. Why? You strike me as a thoughtful guy that wouldn't be into player-vs-player games, frantic real time games or fantasy story-telling stuff. If you are, I could suggest good games for those genres too, though ;) So Civ 4 is none of thos...
by Met Income
Sun Jan 25, 2009 7:23 pm
Forum: Investing - Theory, News & General
Topic: How can we NOT have high inflation?
Replies: 13
Views: 3016

Ah, sheesh, if the sky isn't falling because of inflation, then it's falling because of deflation. Will the gurus please make up their minds? I'm perfectly happy to panic, but right now I'm panicking about two contradictory things at the same time. I hate it when that happens. :P P. S. I was wrong ...
by Met Income
Sun Jan 25, 2009 5:36 pm
Forum: Investing - Theory, News & General
Topic: California unemployment rate approaches 10%
Replies: 61
Views: 8526

Why do so many people assume that "someone else" or "the government" has to give them a job? I agree absolutely. As a start, we should demand that the military and all local police and fire departments are disbanded. We can't have these parasites leeching off the rest of us who pulled ourselves up ...
by Met Income
Sun Jan 25, 2009 3:51 pm
Forum: Personal Consumer Issues
Topic: Madoff Investor Faces Loss Of Life Savings At 76
Replies: 27
Views: 5164

He was making a parallel between the elderly guy keeping all his money with Madoff and some of us keeping all our money at Vanguard. At least, that is how I read it. And I think it is a valid question. Victoria I don't. Big difference between a mutual fund company that holds assets with a third par...
by Met Income
Sun Jan 25, 2009 3:46 pm
Forum: Investing - Theory, News & General
Topic: California unemployment rate approaches 10%
Replies: 61
Views: 8526

Neither is this a political commentary. Here's the pdf released by the President's office yesterday showing the major outline of the proposed plan. http://www.whitehouse.gov/assets/Documents/recovery_plan_metrics_report.pdf By the way, my state is cutting both workers and budget, though we have had...
by Met Income
Sun Jan 25, 2009 3:42 pm
Forum: Investing - Theory, News & General
Topic: California unemployment rate approaches 10%
Replies: 61
Views: 8526

Re: unemploymnet

Why do so many people assume that "someone else" or "the government" has to give them a job? Here's a "novel" idea: Start Your Own Business. (Someday you might even hire other people, thus growing the economy.) Hard to do? How many immigrants with less-than-perfect language skills have successfully...
by Met Income
Sun Jan 25, 2009 3:41 pm
Forum: Investing - Theory, News & General
Topic: Here is the TARP list
Replies: 19
Views: 3930

The Treasury report shows quite a few banks that borrowed less than $10,000 and some as little as $1,500. That seems hardly worth the trouble. Is there some other side advantage to participating in TARP even if you don't really need the money? Could it be a hedge on needing more money in the future...
by Met Income
Sun Jan 25, 2009 3:39 pm
Forum: Investing - Theory, News & General
Topic: Inflation the silent killer
Replies: 157
Views: 22193

Inflation hurts the poor the hardest. We better be careful what we wish for when we ask for "stimulus."
by Met Income
Sun Jan 25, 2009 3:39 pm
Forum: Investing - Theory, News & General
Topic: The Culture of Entitlement
Replies: 35
Views: 6677

How about increasing the allocation of foreign indexes? Why would that help? There are crooks everywhere. Perhaps, but the biggest ones are in the US. Executive pay in the rest of the world, does not come close. GM CEO Rick Wagoner earned $9.3 million in salary and bonus in 2006, nearly double what...
by Met Income
Sun Jan 25, 2009 1:56 am
Forum: Personal Consumer Issues
Topic: Madoff Investor Faces Loss Of Life Savings At 76
Replies: 27
Views: 5164

I believe LH is commenting on the smugness, arrogance and condescending attitude of the posters in this thread rather than literally asking a question. Wrong . Everybody feels badly for someone who's lost everything in the Madoff scandal, but it's perfectly legitimate to wonder why someone in their...
by Met Income
Sat Jan 24, 2009 6:08 pm
Forum: Investing - Theory, News & General
Topic: California unemployment rate approaches 10%
Replies: 61
Views: 8526

haberd wrote:Jack, as seen from this thread, you can't convince ideolog fools with facts, since they have aready made up their mind and will simply change the subject when you point them out.
What is an ideoglog? Someone who doesn't share your opinion?
by Met Income
Sat Jan 24, 2009 6:07 pm
Forum: Investing - Theory, News & General
Topic: California unemployment rate approaches 10%
Replies: 61
Views: 8526

chaz wrote:
Met Income wrote:
chaz wrote:The government can help. In the 1930s, FDR set up the CCC and the WPA, programs that trained the unemployed and that created jobs, such as building Boulder Dam (now called Hoover Dam).
"Created" jobs at the expense of other people and funds
Maybe, but it ended the Great Depression.
Doubtful
by Met Income
Sat Jan 24, 2009 4:46 pm
Forum: Investing - Theory, News & General
Topic: California unemployment rate approaches 10%
Replies: 61
Views: 8526

A President can do precious little to keep the unemployment rate from rising in a significant recession. I find it odd that people seem to think that politicians have such power over the economy- if they did, then things would always be good. Politicians can definitely affect the economy... but it'...
by Met Income
Sat Jan 24, 2009 4:44 pm
Forum: Investing - Theory, News & General
Topic: California unemployment rate approaches 10%
Replies: 61
Views: 8526

chaz wrote:The government can help. In the 1930s, FDR set up the CCC and the WPA, programs that trained the unemployed and that created jobs, such as building Boulder Dam (now called Hoover Dam).
"Created" jobs at the expense of other people and funds
by Met Income
Sat Jan 24, 2009 4:44 pm
Forum: Investing - Theory, News & General
Topic: California unemployment rate approaches 10%
Replies: 61
Views: 8526

The government can hurt over the long term, too- for instance, having the second highest business tax rate in the developed world and then politicians grandstanding about corporations having the gall to move jobs overseas while threatening to pass more laws to 'fix' the situation. That is not corre...
by Met Income
Sat Jan 24, 2009 3:16 pm
Forum: Personal Consumer Issues
Topic: Is Print Media Dead?
Replies: 34
Views: 6131

OMG we should bail out the newspapers!!!
by Met Income
Fri Jan 23, 2009 7:25 pm
Forum: Investing - Theory, News & General
Topic: John Thain's $87,000 Rug
Replies: 133
Views: 22250

Re: Executive Compensation

In 1980 the average CEO's salary was 25Xs the average workers salary. Now the average CEO's salary is 275Xs the average workers salary. It doesn't seem to matter if the business is successful or not! The board of directors of the companies are CEOs themselves or are appointed by the CEO and they se...
by Met Income
Fri Jan 23, 2009 7:24 pm
Forum: Investing - Theory, News & General
Topic: The Culture of Entitlement
Replies: 35
Views: 6677

People in every income class feel entitled. It's often too much when it's more than you have.
by Met Income
Fri Jan 23, 2009 2:48 pm
Forum: Investing - Theory, News & General
Topic: John Thain's $87,000 Rug
Replies: 133
Views: 22250

If he was spending money to make his house decadent, not many would complain. The issue is he paid 1.2 million of company money while simultaneously firing people because his company was running out of money. Okay, so what amount would have been appropriate for the office re-decoration? $5,000? $20...
by Met Income
Fri Jan 23, 2009 12:46 am
Forum: Investing - Theory, News & General
Topic: John Thain's $87,000 Rug
Replies: 133
Views: 22250

Sorry, I'm not buying that we NEEDED a 170 million ceremony when we're in such dire financial straits. It's unnecessary. People kill CEOs for doing it, but not Presidents? You do realice that a major cost driver is that people actually do want to kill presidents but not ceos? Yeah, obviously. Do yo...
by Met Income
Fri Jan 23, 2009 12:07 am
Forum: Investing - Theory, News & General
Topic: John Thain's $87,000 Rug
Replies: 133
Views: 22250

Thain isn't the only one spending money his employer does not have: LINK The Obama family will be facing a tight budget for their new home, the White House. The US presidents family wish to add their own personal touches in the residence. The Congress allocates $1.6 million dollars per year for the...
by Met Income
Fri Jan 23, 2009 12:06 am
Forum: Investing - Theory, News & General
Topic: John Thain's $87,000 Rug
Replies: 133
Views: 22250

If he was spending money to make his house decadent, not many would complain. The issue is he paid 1.2 million of company money while simultaneously firing people because his company was running out of money. Okay, so what amount would have been appropriate for the office re-decoration? $5,000? $20...
by Met Income
Thu Jan 22, 2009 11:57 pm
Forum: Personal Consumer Issues
Topic: Is "Gold-Digging" Bad if Done for the Right Reason
Replies: 70
Views: 10538

OK, I was stretching the term "gold-digger" perhaps in jest. Perhaps I am anti-romantic, but part of my hypothesis is that love is not possible without a certain level of financial compatibility, and that financial compatibility needs to be in place before ideas of "love" can be entertained. It's n...
by Met Income
Thu Jan 22, 2009 11:55 pm
Forum: Personal Consumer Issues
Topic: How to Bury Gold and Beat Metal Detectors
Replies: 27
Views: 15278

It's like a commodities version of Deal or No Deal.
by Met Income
Thu Jan 22, 2009 7:38 pm
Forum: Investing - Theory, News & General
Topic: John Thain's $87,000 Rug
Replies: 133
Views: 22250

Corporate spending and government spending: good for the economy. A small stimulus. This isn't true because it ignores the opportunity cost of the funds used for goverment spending. It seems to me that it is the same as consumer spending, only on a larger scale. Except it's much less efficient, and...
by Met Income
Thu Jan 22, 2009 7:34 pm
Forum: Investing - Theory, News & General
Topic: John Thain's $87,000 Rug
Replies: 133
Views: 22250

If he was spending money to make his house decadent, not many would complain. The issue is he paid 1.2 million of company money while simultaneously firing people because his company was running out of money. Okay, so what amount would have been appropriate for the office re-decoration? $5,000? $20...
by Met Income
Thu Jan 22, 2009 7:29 pm
Forum: Investing - Theory, News & General
Topic: John Thain's $87,000 Rug
Replies: 133
Views: 22250

Thain isn't the only one spending money his employer does not have: LINK The Obama family will be facing a tight budget for their new home, the White House. The US presidents family wish to add their own personal touches in the residence. The Congress allocates $1.6 million dollars per year for the...
by Met Income
Thu Jan 22, 2009 7:27 pm
Forum: Investing - Theory, News & General
Topic: John Thain's $87,000 Rug
Replies: 133
Views: 22250

chaz wrote:Corporate spending and government spending: good for the economy.

A small stimulus.
This isn't true because it ignores the opportunity cost of the funds used for goverment spending.
by Met Income
Thu Jan 22, 2009 7:25 pm
Forum: Investing - Theory, News & General
Topic: John Thain's $87,000 Rug
Replies: 133
Views: 22250

There really is a point where you are intrinsically getting no more value for the money. You have to be completely oblivious to the value of money to buy a $35,000 crapper. You have to be completely oblivious to how people live in this world. As you say, it's all relative. A $35K toilet may seem as...
by Met Income
Thu Jan 22, 2009 8:42 am
Forum: Investing - Theory, News & General
Topic: Gold in a global currency crisis
Replies: 39
Views: 5093

The appeal is that gold or metal has been used as currency for long time before fiat currency backed by government credit. Fiat currency is more of 19th or 20th century thing. Except it's not used that way anymore. Unless you're gambling that it will be used that way again at some point (which is h...
by Met Income
Wed Jan 21, 2009 9:49 pm
Forum: Investing - Theory, News & General
Topic: Myth... Not all mortgage interest is tax deductible!
Replies: 90
Views: 17895

I think it also gets gradually phased out for the high income people. Not phased out, just reduced. It is phased out, which is also a reduction. If it is phased out, at what income level for a MFJ are itemized deductions reduced to zero? Your deductions cannot be phased out to zero. I'm not sure of...
by Met Income
Wed Jan 21, 2009 7:19 pm
Forum: Investing - Theory, News & General
Topic: Myth... Not all mortgage interest is tax deductible!
Replies: 90
Views: 17895

I have amortization software at my office. If anyone would like me to run different scenarios for them, let me know. It will only take a few seconds.
by Met Income
Wed Jan 21, 2009 7:17 pm
Forum: Investing - Theory, News & General
Topic: Myth... Not all mortgage interest is tax deductible!
Replies: 90
Views: 17895

paulob wrote:
Enzo IX wrote:I think it also gets gradually phased out for the high income people.
Not phased out, just reduced.
It is phased out, which is also a reduction.