Monday 27June2016 - Next SP500 Support Areas!

Chart and comment from Danielle Park Blog.

Monday 27June2016 - The World Turned Upside Down!

From John Mauldin's recent weekly news letter.

Perhaps the vote by Great Britain to leave the European Union is the defining moment when we as nations of people decided to flip the coin to the other side.

Saturday 25June2016 - Cash Crunch Coming!

Friday 24June2016 - Defining Money!

Money has different names!!!

In temple or church, it's called donation.
In school, it's fee.
In marriage, it's called dowry.
In divorce, alimony.
When you owe someone, it's debt.
When you pay the government, it's tax.
In court, it's fines.
Civil servant retirees, it's pension.
Employer to workers, it's salary.
Master to subordinates, it's wages.
To children, it's allowance.
When you borrow from bank, it's loan.
When you offer after a good service. it's tips.
To kidnappers, it's ransom.
Illegally received in the name of service, it's bribe.

The question is, "when a husband gives to his wife,what do we call it???"

ANSWER:
Money given to your wife is called DUTY, and every man has to do his
duty because  wives are not DUTY FREE.

 

Friday 24June2016 - Past Stock Market Impact Events!

Saturday 18June2016 - Dagwood's Take!

Wednesday 15June2016 - My Saturday Night Rant!

Posted a few days late.

My Saturday Night Rant

Central banks in major economic regions Japan, Europe and USA have engineered the groundwork for the next worldwide financial crisis with their zero/negative rate interest policies.

One area affected with multiyear quantitative easing (printing billions of dollars of money from nothing) and zero/negative interest rate policies are creating huge investment management problems for individuals and pension plans and their fixed income planning models based on receiving a normal 4-6% annual return.

The attached chart shows how absurd central bank policies have become. Now with trillions of dollars of bonds worldwide yielding nothing. Actually the holders of bonds pay to own them in their portfolios.

My wife is already adjusting to the effects of these Central Bank zero interest policies with adjustments to her defined benefits pension income. Current changes are centered around increased premium deductions for health care coverage along with reduced coverage limits.

Japan Central Bankers thought they could reduce interest rate based income to zero and below and it would encourage their population to spend more and generate economic growth.

WRONG. Their ageing population has responded by spending less and hording their savings to make them last longer in the absence of not receiving any interest income on their fixed income investments.