Financial topics

[gerald]

Retirement? hmmmm

" In 1945, there were 42 workers for every retiree receiving Social Security benefits. Today, that number has fallen to 2.5 workers, and if you eliminate all government workers, that leaves only 1.6 private sector workers for every retiree receiving Social Security benefits."

http://theeconomiccollapseblog.com/arch ... aby-boomer

And pensions are going to be financed how? And how will all of the needed goods and services be provided? By whom? Having had familial experience with nursing homes, just look at the ratio of "residents" to doctors, nurses, assistants, food preparers, building maintenance, etc. --- and 24/7 on top of that --- unsustainable.

Are we going to have to go back to "if you do not work, you do not eat " out of necessity? This should get interesting - get out the popcorn.

By the way, I am 67 and believe if one is no longer self supporting and preferably productive, it is time to check out. ( I have meet 80 year olds who do more then 20 year olds) Various societies throughout the millennia have decided out of necessity, that the non productive have to be allowed to die, which include the old and infirm , the deformed and even in extreme cases the dependent very young. Yes, all of this is very harsh, but Nature is indifferent, SHE holds all of the trump cards and calls the tune, and In short Nature doesn't give a D ***.

[aedens]

Six-to-eight percent of the city's employees drive almost two-thirds of the health care costs around five chronic illnesses that are all manageable," said Emanuel in defense of the plan. "We are going to be the first city to implement a citywide wellness plan for our employees because health care costs are being driven [up] by ten percent a year and we're not seeing revenue growing that way."

Learn more: http://www.naturalnews.com/033676_welln ... z2aTXIDi46


Brent-WTI pushed further ahead to $3 (with a small loss in WTI under $104.50)

[vincecate]

"Were the debt markets a step ahead of stocks in 2007? Yes, as you can see below, bond investors started to migrate away from junk bonds toward more conservative Treasuries (TLT) well before stocks peaked (falling ratio). The credit markets correctly forecasted the coming risks in June 2007, or four months before a major bear market began in October."

bonds.jpg (64.1 KiB) Viewed 3000 times

http://www.financialsense.com/contribut ... -in-stocks

Update: So the question then is what does TLT look like today? Started down about 3 months ago. So if this is just like 2007 then we should have 1 more month.

tlt2.png (8.66 KiB) Viewed 3000 times

tlt.png (11.37 KiB) Viewed 3000 times

[aedens]

Last time we looked at it we estimated spring. Is it safe to note the current rate was an olive branch from the
financial repression paper tigers since the abuse to simply preserve capital for those righty scared out there animal spirits.

http://fofoa.blogspot.co.at/2013/07/the-funeral.html

My short is better than yours on repricing.

The Anglo-Saxons have forgotten what makes a successful economy

One of the Soviet economists asked his English conterparts a simple question.
Who is in charge of the bread supply for London?
They had to answer, nobody. At least in the sense he meant.
You mean to tell me all those grain farmers, shippers, millers, bakers, deliverymen, grocers, restaurants and hotels coordinate their activities perfectly every day, to produce and distribute the bread needed by a city the size of London, with no central planner, no guiding hand?
When you know who is in charge of the bread supply for London, you know the invisible hand.

[aedens]

http://mises.org/daily/6476/The-Truth-About-SwedenCare

[aedens]

"Were the debt markets a step ahead of stocks in 2007? Yes, as you can see below, bond investors started to migrate away from junk bonds toward more conservative Treasuries (TLT) well before stocks peaked (falling ratio). The credit markets correctly forecasted the coming risks in June 2007, or four months before a major bear market began in October."

http://www.zerohedge.com/news/2013-07-0 ... milarities h/t t

Rates rise,collapse, period.

[John]

More fodder for the imminent crash view:

Deja Vu on Margin Debt – 2013 Repeats 1999 & 2007?

Deutsche Bank has a monster note out on margin debt that has been
making the rounds. The conclusion of the note is rather simple –
today’s euphoric borrowing on margin to buy stocks is reminiscent of
past bubbly equity market periods. ...

So, are we in a 2007 or 2000 type environment? Yes. I would say we
are given that the data is confirming the same sort of market trends
and debt trends. But the question is what’s the trigger? The market
is kind of like a Jenga set at this stage in the cycle. Everyone
knows it can probably be toppled by the wrong move. But that move
might not come this year, nexy year or in the next few years. As
Keynes said, “Markets can remain irrational a lot longer than you and
I can remain solvent.”

http://pragcap.com/de-ja-vu-on-margin-debt-2013-repeats-1999-2007

[aedens]

potash prices plunging 25% to about $300 per ton by the end of year. "In the near future we expect (global) competition to become stronger -- that will push prices down,"
Uralkali CEO Vladislav Baumgertner said in a conference call.

Wait for a bottom on essential commoditys

gold prices are also down by a modest $4 per ounce or so to rest just above the $1,325 level. Silver was down about a dime to $19.75 per ounce,
while platinum fell $3 to $1,435 and palladium was the biggest loser, falling $15 per ounce to $727.

[aedens]

Yes as we noted the herd to sick to survive. Rent-Backed Securities Are Here,

More fodder for the imminent crash view:

http://www.zerohedge.com/news/2013-07-3 ... beginning-

The sheep pens will be full for the slaughter again soon enough. As we noted if we churn sideways that would be typical for now. We had a graph
on employement to corporate profits ratio and I considered it the last line in the sand going forward. This is not about balance sheets
any more point blank.

Hold your nose on this report - White House and Republicans get serious about bringing money home.

I think we need to monitor the ROC on sustainable water, wheat and human capital management since the hour is getting late on topics.
As we know the MENA will stay on fire for some time.

May the beatings continue until moral improves since we said so and diluted your education and raped your currency.
Go ahead and vote blue or red and see if they even pretend to listen.

totalitarian political system masquerading as a religion
moderates understand confusion shelters corruption

This moves me to the thought of the day ---- ideologues who hates public education ---- No words can repair that conviction.

http://www.amazon.com/Truth-lies-scienc ... uckgo-d-20

http://dianeravitch.net/2012/07/08/why- ... tie-angry/

[Higgenbotham]

When income disappears, it goes into a Dark Age. If an out of state hedge fund owns the properties, they will be vandalized and occupied by squatters.

Yes as we noted the herd to sick to survive. Rent-Backed Securities Are Here,
More fodder for the imminent crash view:
http://www.zerohedge.com/news/2013-07-3 ... beginning-

The message from Blackstone can't be clearer. If they were really collecting rent, they would not be doing this.