As the drama continues to unfold, it will be very interesting to observe who in the Obama administration knew what —and when they knew it, while all along Obama lived life on the 13th tee.
The familiar saying used to be, “I can afford it, but I don’t want it.” Conversely, now it’s “I want it, but I can’t afford it.”
Tim Cook, CEO of Apple Inc., recently stated that a 35% U.S. corporate tax rate is too high. But, according to President Obama, for American small businesses that have all their money right here in our country the tax rate is just right.
After 4 ½ years in office, Barack Obama, the 44th U.S. President, has endured Operation Fast and Furious, Benghazi, the current IRS targeting scandal, and now the Associated Press phone hacking dilemma, all to hang his mantle on. These are what we know of so far.
I visually wandered through my biography collection of the Presidents of the United States in order to determine what I would read next. I was overdue to once again experience “time travel” and see, feel, and be part of our nation’s past through the eyes of its chief executive. In fact, I try to do that every few weeks.
This popular belief seems to suggest that all the various technical and fundamental indicators, including moving averages and Dr. Copper, are all misguided — and that this time around it will definitely be different.
So here’s my dilemma: We can send a military show of force from Missouri to South Korea in a matter of hours, but not from Italy to Libya. The last time I looked, the distance was shorter from Rome to Benghazi than from Joplin to Seoul.
Bernanke seemed to be much more like Alfred E. Neuman of Mad magazine fame who continually said, “What, me worry?”
After four years of recovery following that horrendous stock market low on March 9th, 2009, and now subsequently achieving all-time market highs, the central bankers have finally decided that it’s not only safe to stick a toe into the market’s water, but it’s also time to essentially submerge the rest of the body.
Knowing the Roman coin was 100% silver, the only way to devalue the currency was to take a knife and shave, or “clip,” some silver off the edges of the coin.
I’ve been waiting in the wings very patiently for the all the uproar to die down before I weighed in on the incredibly stupid 2010 comment made by former Wyoming Senator Alan Simpson in which he called me and my fellow senior citizens, “The greediest generation.”
Truth be told, the growth rate of most European countries is hanging by a thread, and when really scrutinized from a day-to-day perspective, European gross domestic product is mired in economic depression.
Perhaps if the pundits considered the reason for holding U.S. paper as not to be the professed return on investment, but rather the return of investment.
Apple’s most significant positive attribute is that all of their real value resides in their non-taxable overseas cash accounts. If they relocate this money back to the U.S., they will be taxed — making this a very foolish idea.
“We’re better off now than when President Obama took office,”she proudly thrust.
It is not a difficult stretch of the imagination to envision Portugal, Spain, Italy, and Greece, among others, finding themselves in the very same dilemma as Cyprus when it comes to being forced to sell gold.
If interest rates rise, as most of the world assumes will happen eventually, then a million dollars instantly becomes a lot less.
Should you wish to take a chance and put a real risk premium on your bond buying, go Italian and get 4.28% for a 10-year — a much greater yield than current U.S. paper.
Apparently, like sympathy strikers, both Obama and Hagel are demonstrating the lost wages of the common folk due to the sequestration — noble, very noble indeed.
Beware: Prospectuses of the country’s largest money market funds indicated that my $1.00 wasn’t guaranteed and that capital controls, when or if I get my money back, is entirely at their discretion.
