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Mike Shedlock

Mike Shedlock

Mike Shedlock is a registered investment advisor representative for Sitka Pacific Capital Management.

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8 Comments So Far
Emmet Wrote: Aug 22, 2012 11:57 PM
A penny saved is a penny earned. If you are retired, you can save your retirement money by living in cheaper country. Whatever money you manage to save there, is the money you earned. Especially in this economy.

Speaking of which, try my country of Indonesia (or you might know as Bali). The living cost is half of the comparable living cost in United States. Also with visa on arrival for US citizens, no fuss at the immigration.

Of course there is airplane cost, which means you have to live in my country at least a year to reap the benefit of saving. But, a year of vacation? You'll never regret the beautiful country, warm sun, and nice people.
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Toomuchsense Wrote: Aug 22, 2012 10:49 PM
The folly of humans. For we all, some more than others, feel that we are much smarter than we are. The truly wise, realize their folly, which elevates them, from those that mistakenly believe their self delusion of grandeur. But folly is immune to no one.
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Blair31 Wrote: Aug 22, 2012 3:50 PM
Stick the Euro with a fork. It's done.
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Jeff2214 Wrote: Aug 22, 2012 10:31 PM
The dollar will soon follow.
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Richard1805 Wrote: Aug 22, 2012 3:50 PM
At what point do they learn that it has been futile to beat productive citizens with the "tax whip"? People will just give up. Why exert more energy when all the results of that work are taken away?
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David4 Wrote: Aug 22, 2012 11:37 AM
I wonder if this is how Rome looked in the last decades before it fell.
I've read that Germany had nothing but rutabagas to eat in the hardship winter of 1917. All these years later Germans still hate rutabagas. It looks like the Europeans had better look up grandma's old recipes for rutabagas.
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Kurt114 Wrote: Aug 22, 2012 9:20 AM
It seems they should focus on reducing government's drag in the economy by loosening labor laws, reducing taxation on investment, and slashing government payrolls. Grow the economy to increase tax revenue, don't throttle the private sector with excessive taxation. What do they think they are going to tax, if not the private sector? Socialist government shackle the horse that pulls their own wagon. When the wagon slows down they advocate heavier shackles.
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Greg1084 Wrote: Aug 22, 2012 7:26 AM
Liberals really are incapable of reason, aren't they? Astounding.
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