When I was employed, I was saving about 50% of my net income. That does not include the 10% of gross income that went to my 201k.
That proved to be fortunate, as I have been out of work for 16 months. I still have savings sufficient to last another several years, and although it pains me...
Here's a 5 beer thought:
Allow CA to issue bonds backed by state employee pension funds. Don't know if the fund values would cover their deficits, but guaranteed they'd be pinching pennies to make good on them. Probably should throw in mandatory $250k contributions by all legislators for good...
A hearty second! Thank you, that explained in 2,000 or so words what i've been trying to understand for 18 months. I was beginning to think ET was devolving into mostly hopeless drivel, but this post will keep me reading for at least another couple of months.
This isn't a new provision. Many federal and some state and local public projects that i have worked on have had similar "Buy American" provisions for years. All steel for rebar, girders, and plate, in addition to concrete, paint, mechanical equipment, etc was typically required to be...
Who's buying now?
Is this the gov't stake being purchased on the open market?
Biggest lottery in the US?
Hopefully it ain't my few remaining mutual funds betting like this...
Up until 6 months ago, I fully agreed with your last paragraph. Currently, my local job market no longer supports this premise: subsistence is all you get, if you're lucky. Worst conditions I've seen in my 25 yr working career. I'm a degreed, licensed professional, with also 10 yrs experience...
There are some good lessons to be learned in this excersize:
given random entry, how does X stop loss perform, or how does X stop with Y profit target perform.
Find edge in these, and any random entry makes you profitable.
Find also an edge in entry, and you're on the right path.
(Still...
Salaries were as low as $72,000 a year at the SEC in 2002, buy now are closer to $135,000 a year including bonuses.
Above is a quote from ... (well, don;t recall): do SEC employees really get bonuses? I used to get performance bonuses from a city gov't simply for showing up to work.
Is...
Whether or not he made the 4/16 call or not; got to like the "green shoots to fatten hogs" analogy.
Methinks, however, the farmers are somewhat reluctant to slaughter all the hogs at once (unless you llve east of the PM).
This rally may have legs longer than mine...
WilderMan
Please, Dog, don't foist the imbecile-grade mush you see on TV on all of America. Certainly those who've overextended their abilities share some blame, but none more than those who lost the most (dough that is: too big to fail is fucking ridiculous). Most reasonable and responsible persons I...
Someone please explain why (or if) the Treasury would be obligated to reimburse the Fed?
It's not like we (the taxpayer) asked them to do it, is it?
This would make an excellent place to stand our ground as taxpayers, and raise a stink about any such idea.
If there is validity to Lewis' statements, indeed, this warrants investigation by Congress. Bring Lewis, Paulson, Bernanke, and the fomer head of Merrill all before a comittee on CSPAN. That puppet show aught to be worth another 20 pts on the ES.
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Fiscal Policy
What Does Fiscal Policy Mean?
Government spending policies that influence macroeconomic conditions. These policies affect tax rates, interest rates and government spending, in an effort to control the economy.
Investopedia explains...
Quit living off your credit cards, to start. Income should be > Expnenses. Stop spending money for four weeks, write down a
list of all the bills you owe, then you have a grip on your expenses.
Adjust your wants/needs to match.