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| Income And Spending: Huh? in forum [Market-Ticker]
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Flappingeagle
Posts: 1224
Incept: 2011-04-14
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Ok, so a lot of income was pulled forward into November and December. The question then is, when was it pulled from? The entire year? Mainly January and February? I am betting it will mostly get spread over the first 6 months of 2013 so, expect that added weakness on top of what was looking to be a weak 6 months to begin with.
Am I right in saying all that pulled forward income and we still had -0.1% growth in Q4 2012? Ouch, for 2013.
Flap
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Here are my predictions for everyone to see:
S&P 500 at 320, DOW at 2200, Gold $300/oz, and Corn $2/bu.
"You can't build a house of cards on a shaking table." - Tony Johns
The January 2015 AMZN put at $130 (cost $4.25) will be a winner.
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Deckchairs
Posts: 96
Incept: 2012-07-06
The Slightly lessDemocrat -IC People's Rebuplic of Las
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And this post today is exactly why I come to the Market Ticker. Behind the mainstream spin Karl points out the truth behind all the bs.
My sincerest thanks for the Market Ticker!
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If I could just get my tax attorney to be my girlfriend life would be all right.
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Lenguado
Posts: 1272
Incept: 2010-01-12
Orlando, FL
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Gen in two tickers uses "odd" and "bizarre" today.
Hmmm. What's so "odd" and "bizarre" about our govt lying to us about the economy - while taking our "arms"?
To me, this sounds spot on for tyrants crushing the necks of their subjects with their jack boot heels.
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I just realized... they aren't saying, "Keynesian Economics" they're saying "Kenyansian Economics". Grass Huts for everyone!  Welcome to history’s first Double Dip Depression |
Bertdilbert
Posts: 2649
Incept: 2008-12-22
CA
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Was the increase in income due to the special hedge fund management tax perk of taking income as capital gains forward in case the break was not renewed? That could explain a lot.
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Dear Euroland: Relax, Germany has a plan for your money!
Political Capital Defined: We are out of money but will tax our citizens for whatever it takes to "SAVE" the Euro.
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Genesis
Posts: 130658
Incept: 2007-06-26
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Yes, to the tune of more than a quarter of a TRILLION dollars.
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Bertdilbert
Posts: 2649
Incept: 2008-12-22
CA
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I want that tax break too then. I start a hedge fund and all investors are management, you in? ha ha. We offshore the fund so it does not pay capital gains that will allow you to short term trade at long term rates.
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Dear Euroland: Relax, Germany has a plan for your money!
Political Capital Defined: We are out of money but will tax our citizens for whatever it takes to "SAVE" the Euro.
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Tnhermit
Posts: 348
Incept: 2009-02-18
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Thanks
NOW my head can quit spinning . Something just didn't make sense. Sucks being a learner
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Eaglewwit
Posts: 6054
Incept: 2007-11-30
SoCal
Banned
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Interesting that they can take 250 billion out in Nov and Dec without hurting the market at all. In fact it went up. And then at the beginning of the next year it gets pumped back into the market and it takes off like a rocket.
This that make you go hmmm.
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Bertdilbert
Posts: 2649
Incept: 2008-12-22
CA
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Hedge funds could probably borrow the money for the income payout so nothing would actually have to be sold. How much did hedge funds pay for this tax break? Pennies on the dollar. Tax the rich ha ha. Everyone having taxes taken out of their paycheck should feel violated by this.
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Dear Euroland: Relax, Germany has a plan for your money!
Political Capital Defined: We are out of money but will tax our citizens for whatever it takes to "SAVE" the Euro.
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Mannfm11
Posts: 3530
Incept: 2009-02-28
DFW, Tx
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Eagle, the market is manipulated. Most of the gains were from manipulating the fiscal cliff fiasco. The Democratic Party backer Goldman Sachs, with cooperation by the Republicans helped put on that show. The average guy don't plunge his account every time a Congressman makes a comment. These guys have been playing against the shorts for the past several years. Get too short, they mark it up overnight. You can't short more stock or whatever when your account has been crammed up your ass while you were asleep. The computers that run the bid/asks on these markets are absolutely amazing. Hard to see it in the daytime, because the chain is so crowded, but when you see buys and sells go right through the bids and asks and hit the price behind, something has to be up. I never even see the front order move.
They are starting o talk about the out of bonds and into stocks nonsense, but with Bernanke, this time it might be true. Who is selling? The same guys that always sell, those on the inside who know when to sell and when to buy back, generally the opposite of the public. I'm hearing higher bond rates are going to force people to sell bonds and buy stocks. What a bunch of bull****. The last bull**** is that QE makes rates go down. Which ones? Best I can tell, the ones the bank pays you on your savings and money markets. Speaking of income missing from the quotient, how bout the $500 billion the Fed is ****ing the public out of in favor of the banks?
Only in 1999/2000 have i seen the landscape more bullish. The difference is the economy was somewhat operating on its own back then. Today, we are looking at a statist arranged disaster. I am starting to hear the same nonsense, out of bonds into stocks or visa versa, like one doesn't have to come into bonds or stock so another can move out. If the bond markets go south, stock will follow, as much of the fluffy stuff is issuing junk at attractive rates. Some firms are borrowing money for the hell of it and paying dividends for Gods sake.
This will all add to the fact that dividend growth for 2013 will probably be flat or negative. The next few years is going to be interesting. Employment growth has gone into extractive industries like healthcare the past few years, while broad employment has suffered. We are about to get the bill, as Ovomit care (you will vomit when you see the bill) gets crammed down our throats. In the end, it will merely create a bloated government bureaucracy even greater than the one we have now.
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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
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Eaglewwit
Posts: 6054
Incept: 2007-11-30
SoCal
Banned
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I'll sum up your post Mann,
We are ****ed.
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Bertdilbert
Posts: 2649
Incept: 2008-12-22
CA
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"I'll sum up your post Mann,
We are ****ed."
Wait, that sums up every post here...
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Dear Euroland: Relax, Germany has a plan for your money!
Political Capital Defined: We are out of money but will tax our citizens for whatever it takes to "SAVE" the Euro.
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Throxxofvron
Posts: 10295
Incept: 2009-02-17
Hyper-Speculative Psycho-Facsistic Parabolic Blow-Off
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Quote:Some firms are borrowing money for the hell of it and paying dividends for Gods sake. This is a huge part of the ******ned Problem: those with the Political leverage/access to mountains of ZIRP Credit can pay whatever they want; 'valuations' are an absurdity in ZIRP. They can wait out their Competitors by paying money they don't have from cash flow. Access to credit is not only about Zombification; but, it is also about utilizing that leverage to seize assets and hire away talent that would not be possible otherwise. Those with access to credit are purchasing real assets for NOTHING and those without access to credit are being divested of their property and staff by those that have access to credit. This economic system is not Capitalism -It is Creditism. The NeoCons ( Neo-Conservatives ) have been superseded by or morphed into the NeoProgs ( Neo-Progressives ) and Neo-Socialist Democratic Coup has replaced the Republic. Neo-Socialists Historically nearly always debase the currency, run up unsustainable debts, and ruin the Economy. NeoProgs absolutely adore WAR. It's just so ****ing easy to find a predicate for intervention when One adopts an Ideology that provides for a whole host of specialized imperatives designed to pander to favored demographics and constituencies.
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DIONYSUS: " Thou hast no knowledge of the life thou art leading; thy very existence is now a mystery to thee. " -from 'The Bacchantes' By Euripides “During times of universal deceit, telling the truth becomes a revolutionary act.” -George Orwell
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Fnamekeith
Posts: 468
Incept: 2008-04-07
Seattle
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****in' A. Quote:Those with access to credit are purchasing real assets for NOTHING and those without access to credit are being divested of their property and staff by those that have access to credit.
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Give a man a gun and he can rob a bank, give a man a bank and he can rob the world.
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Lenguado
Posts: 1272
Incept: 2010-01-12
Orlando, FL
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Bert, Quote:Everyone having taxes taken out of their paycheck should feel violated by this. Agree. BUT, I "feel violated" no matter WHAT they do.
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I just realized... they aren't saying, "Keynesian Economics" they're saying "Kenyansian Economics". Grass Huts for everyone! Welcome to history’s first Double Dip Depression |
Ee4fire
Posts: 87
Incept: 2011-03-24
Washington, DC
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I have decided standing next to either Harry Reid or Jay Carney is dangerous. One of these days the Good Lord is going send a whopper of a lightning bolt at them for the whoppers they tell. One can only hope.
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“(Politicians), 536 commoditized temple monkeys pawing through the ruins of America in search of bribes. (The District of Corruption) works like a vending machine. You put coins in the slot, select your law, and the desired legislation slides out." Fred Reed. Some editting by me.
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