18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Marc Faber is a smart man. I read a book of his that he wrote shortly after the 1987 crash. The guy was right in so many ways it was uncanny. (Of course, I then sold the book to a money manager in Switzerland for $240 hah!)
Faber is always bearish, and knows it, but is extremely insightful whether you’re a bull or a bear.
Looks like he likes metals too. Seems conventional bearish wisdom says go long metals due to inevitable trashing of the dollar. I’m not sure that’s a guaranteed play this time.
Faber apparently didn’t hear that The Messiah is bringing an extra large bag of magical pixie dust with him to the White House. Bet against The Messiah and see what it gets ya.
Itchy, I agree with you on the precious metals, I’m not as convinced as I used to be that they are a good bet in an economic downturn. Wish I felt more confidence that there was a safe haven *somewhere*.
Fly- Going back to the previous post. Yes, the tax APPRAISED valuation of homestead (primary res. of owner) and the real property tax is generally capped at annual increases of 3% or the rate of inflation whichever is lower.
So, although the fair market value of the Homestead may have been increasing at 25% per year for purposes of the real property taxes the valuation was capped.
I’m partial to “stuff” myself, preferably valuable stuff. No matter the currency, inflation or deflation, it can always be traded for cash or something you need. If all else fails, my husband knows how to hunt, and I can roast meat over a fire in the backyard.
here is direct link for mobile users:
http://www.youtube.com/watch?v=jQs49tGoK_4
His point of view is different than mine. Nonetheless, he is always worth a listen.
Sold ATVI.FUCK RETAIL.
Right. Fuck those games!!!
Kill them!!!
Marc Faber is a smart man. I read a book of his that he wrote shortly after the 1987 crash. The guy was right in so many ways it was uncanny. (Of course, I then sold the book to a money manager in Switzerland for $240 hah!)
Faber is always bearish, and knows it, but is extremely insightful whether you’re a bull or a bear.
Looks like he likes metals too. Seems conventional bearish wisdom says go long metals due to inevitable trashing of the dollar. I’m not sure that’s a guaranteed play this time.
Faber apparently didn’t hear that The Messiah is bringing an extra large bag of magical pixie dust with him to the White House. Bet against The Messiah and see what it gets ya.
i like kass prediction # 17. YANKEES go undefeated
What the fuck is that swirling hand-held camera?
Itchy, I agree with you on the precious metals, I’m not as convinced as I used to be that they are a good bet in an economic downturn. Wish I felt more confidence that there was a safe haven *somewhere*.
Fly- Going back to the previous post. Yes, the tax APPRAISED valuation of homestead (primary res. of owner) and the real property tax is generally capped at annual increases of 3% or the rate of inflation whichever is lower.
So, although the fair market value of the Homestead may have been increasing at 25% per year for purposes of the real property taxes the valuation was capped.
PS Here comes SMH.
I love David Faber’s older, wiser, richer, better looking, less gayer, bro !
And that pony tail is the shit !
Word!
There went SMH.
SRS yielding 29%?!?
I’m not going to listen to that blowhard for eight minutes.
Hey, why don’t you stop posting this week and let us third-tier types take a vacation too?
You’d think people were trading or something…
-DT
I think Fly likes the banter. Can’t keep Tiger off the golf course either.
Imagine Fly in third grade history telling off the teachers.
Boca …
Recession proof investments:
Death (HI) and Taxes (INTU) …. I like HI here with the aging pop and their exposure to both caskets and urns.
hahaha Eye No
I’m partial to “stuff” myself, preferably valuable stuff. No matter the currency, inflation or deflation, it can always be traded for cash or something you need. If all else fails, my husband knows how to hunt, and I can roast meat over a fire in the backyard.