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The top of this cycle for ASX200, cash is king ?
kahuna1
post Posted: Yesterday, 10:40 AM
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OOOHHH ...

The sole financial underwriter of the Howard G. Buffett Foundation is Warren Buffett, who donates roughly $150 million to $180 million to his son’s charity annually, according to tax records.

Holy Laxative,
I thought I had seen it all. Yes MR Nice guy ... pays no tax, bugger the welfare of the 99% others and he has his own private Army.






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All views expressed are my own opinions. While I take every care when posting no guarantee to the absolute veracity of the postings is given or implied. Please do your own reseach and consult a professional investment advisor before investing.

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kahuna1
post Posted: Yesterday, 10:30 AM
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Ho Hum,

USA actually stopped at the 50% retracement and for now ... going down.

Lost totally in the noise, two things and big things for Australia.
China related, and USA declared yesterday its going ahead with Huawei case in Canada. This is ugly.

Even uglier, the Chinese wanted to come early to next weeks meeting. USA said no thanks. In fact a series of comments by the Chinese yesterday got lost in all the idiotic noise. They were very blunt and very clear about China and its IT rights. They were basically laying down the law in their view and NO WIGGLE ROOM. NONE ....

So whilst this trade deal may be sealed, its unlikely to have any substance at all. If I were a betting man, I dont even think one will be made and China will just be forced to go, get stuffed.

I note, idiot media reports about China GDP at 21 year lows, well 21 years ago, their economy was 20% of the current size, 10 years ago .... 50% the current size. Same argument and view i have had for a long time on this, whilst this trade war is NOT a good thing, China if they had the bloody correct exchange rate is larger than the USA. Its growing of course SLOWER as the overall economy matures.


One a positive, the other, well, the stance is not good for the USA side. I note also that France sent a fine to one of the tech giants for sharing info and its about to become a blizzard via the new EU rules. Add to that, sometime soon a transaction tax for the tax evaders and likely they adopt the new Drongo tax when announced, the clock one might say is ticking.

IBM announced a set of results, the likes of which, well I have 35 years of looking at these things and I giggled when I saw them. The old recurring and non recurring expenses. So we have 10 different rules for how the tech girls in the USA report stuff and trying to sift out the bottom line is becoming tedious to put it mildly.

Our market, well, it seems supported despite the USA cold overnight. Rest of the noise, well twitter reading give me a great laxative dose and try not to do it. USA remains shut down, and the hot air and bluff and bravado coming out is, well amazing.
New Democrat house lady, 29 ... Latino I think, proposed tax of 70% on earnings above 10 million in the USA. Well, it became a 70% for everyone immediately on FOX news ... and gee ... I needed more toilet paper. She is being called a socialist for actually trying to get upper incomes to PAY TAX .... Gates paid 12% v someone on 100k is unable to avoid paying 35% .... and Buffett ... 15% and he doesn't declare much income a mere 50 million at most average the last 20 years,

Please join me in congratulating Buffet with 100 billion or so, given 25 to his family, his sons ranch on the Mexico border runs .... well ... safaris, But Via his tax returns v wealth Buffett is 2,000 YEARS old this year. Yep at 50 million declared v 100 billion ... or 150 if I count some he has given away .... he could be 3,000 years old. Some I might add his hapless son aged 64 has built a ranch on the Mexican border, paid the police off and in a recent article was pointing a high powered rifle at those terrorist !!


I know, you think I am making it up !!

https://www.phoenixnewtimes.com/news/howard...county-11103225

Over the past several years, 64-year-old Howard Buffett �" using wealth supplied by his father ­�" has been waging his own border war in Cochise County


Tee hee ... nothing like your unpaid tax dollars at work. OOPOH Trump declared yesterday that Latinos vote now for him at 50% .... his highest approval rating. Maybe they are the ones the hapless racist worthless son of Buffet has in his sights ?


Have fun
Cheers
Mark K



--------------------
All views expressed are my own opinions. While I take every care when posting no guarantee to the absolute veracity of the postings is given or implied. Please do your own reseach and consult a professional investment advisor before investing.
 
kahuna1
post Posted: Jan 19 2019, 03:21 PM
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Tee Hee ....
From before ....

Market wise, well ... if the USA holds true to course .... and those idiot savant computer things in now open and legal ... plunge protection scheme .... work, first stop on say the S+P 500 is passed a 25% bounce which is very normal to occur quickly .... next the 50% between the low of say the s+p at 5,333 or so and 5,992 or some 660 points so half that is 330 .... so .... 5,660 .... or there about and that's, well ... one magic rally day away.

Magic rally .... must be Kim from Korea meeting .... or the third excuse in 11 days of up up up .... similar about the USA Fed slowing down raises ....well we are there ... NOTHING ... not a thing can shake this correction. Not even, well, a company that had 15 times its debt in cash, according to their accounts, being bankrupt, within 12 months out of China .... ASIA went down, USA ... went up ... EU and others reacting to well shocking news surrounding Trump and his actions, erased any loss ... to ... well ... any and all news being like it was not long ago ... any negative is a positive and any positive is a positive.
A number showing weakness in The USA .... buy ... as rates are not going to rise .... if its a strong number ... buy .... because its a positive ... hilarious and just play the ranges. Key levels right now. As to shutdown, if it was say Germany, it would be a smoking black hole as the UK found out via Brexit ... but ... well ... nope ... we will have a rally however it ends ... so whilst markets go up and down, the stopping point at 50% of the bounce unlikely to stop them. It should given some of the appalling revelations that make Nixon and his Watergate actions look trivial, the sad reality is, as Trump said, he could walk outside Trump Tower in NY and shoot a gun, killing some poor innocent and not have anything happen.

Strange position I find myself in, one foot or toe seeing the inside of things and the other, with efforts to stop these idiots. The G30 minus one is working towards actually making an impact on claims via one Oligarchy head he paid 25% tax, yet none seen in the EU, Or USA or Japan .... or China, so that's actually 90% of the world and its markets, and overall tax paid is 5%, since we all can now see the other nations tax filings. Times are changing and first step is to make it criminal, the people who arrange these schemes. It has of course always been that way, but investment banks and accounting firms are on notice and should be concerned. A point I raised here in Davros and was, well, told what an idiot I was because they OWNED them. I shut my mouth and took my rebuke as I should have. USA with 3.5 billion a year in political donations, both sides of the fence, then another amount doubling that, OFF the books but tax deductions have it well covered. So 7 billion a year, each year and every year, of course, for them, Democracy and the will of the people is an aside.

Not so for the G30 minus one ... Sure some of it goes on, but the scale of it, arrogance and impact is astounding.
The first step of the DRONGO tax is this criminalization of it ... the beauty of the Drongo tax and tax theft .. the secret os NOT so secret anymore and still the dismissive nature of these people v the needs of the society and many is an aside. After being told I am an idiot, for pointing out the first step, I am not about to do it again. Just push harder for DRONGO tax, a simple fair and elegant tax to be implemented which will, radically alter finances for 80% of the world.


On Markets ...


Oh well, never ever bet against stupidity .... or the plunge protection team. All rules are shelved with the second, the first ... well .... stupid is what it is.
Noise, and deafening ... sift it out and from Davos and the Oligarchy meeting going on prior to the World Economic Forum as per usual, they are as per usual pushing their own agendas. No tax for any member and well ...


TAKE CARE
Mark K



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All views expressed are my own opinions. While I take every care when posting no guarantee to the absolute veracity of the postings is given or implied. Please do your own reseach and consult a professional investment advisor before investing.

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kahuna1
post Posted: Jan 15 2019, 06:59 PM
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In Reply To: nipper's post @ Jan 15 2019, 07:31 AM

Hi.

I am well aware of Arty's passing. His humility, sharing and tolerance is sadly missed. 2018, for me saw the passing of a few, for me that I admired and am humbled via their tolerance and in some cases, Arty, and another I shall not mention, I was treated as a peer and college as we searched for answers for many years via chat sites. We via the internet and my own contributions date back to the good old days 1997 or so ... we, via anonymous nics and sometimes no so secrets identities share, share and grow and swap ideas and methods. Then again, the internet, via a lively and at times abusive in the extreme, depending upon the site are in effect putting forward ideas or scientific papers as such and opening them for peer review and open discussion.
All good overall.

I have had, many a lively discussion on various sites and at times been swayed, corrected and put straight with incorrect information or methods. Then again, its more often one gets a one liner, or threats, or abuse, when debunking some stock, or commodity or even theory. My humbling moment of the last decade was a revelation of who one poster on one site who for 15 years WAS .... and he, well, I am not worthy to lick his shoes. Arty, much the same, whilst one thinks charting or technical analysis is a tiny aspect of one side of investing. WRONG and its an integral part of financial calculations, FORECASTING and building models that can accurately predict future events require charting and seeing what has occurred in the past, especially when humans are involved.

One side, Fundamental analysis or valuation, or revaluation is nice and whilst, over time, it works, its the bedrock of why we invest, it does NOTHING to the human side of the equation. Underestimating stupidity is stupidity in itself. Trying to do so with a tool, knowing that, even though a stock or something is worth $1- all day every day, in a down-beaten market, its likely at best to be trading at 50 cents, in a panicked one 25 cents and well, one with a long list of things not going well as low as 10 cents.
But yep, Miss Arty, miss another mate, a few in fact from 2018. Such is life,

take care
Mark k



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All views expressed are my own opinions. While I take every care when posting no guarantee to the absolute veracity of the postings is given or implied. Please do your own reseach and consult a professional investment advisor before investing.

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nipper
post Posted: Jan 15 2019, 07:31 AM
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In Reply To: kahuna1's post @ Jan 11 2019, 04:16 PM

QUOTE
Ahh Arty where are you

Mark, just FYI, Arty passed away: https://boards.sharecafe.com.au/index.php?s...297&hl=vale



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
kahuna1
post Posted: Jan 11 2019, 04:16 PM
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PS ...
I see from your posts about Cricket, Gold and well climate skeptic as well as not a fan of China, we have little in common.
Always, strange and amusing, to present something, logically and as best you can l ... and receive via core opinions, beliefs, and at times, dogma and fear, and abuse.

Such is life. Open your mind, I would say, but, well, its already made up.

Ahh Arty where are you ... Sadly missing.
Take care
Mark



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All views expressed are my own opinions. While I take every care when posting no guarantee to the absolute veracity of the postings is given or implied. Please do your own reseach and consult a professional investment advisor before investing.

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kahuna1
post Posted: Jan 11 2019, 04:10 PM
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In Reply To: mullokintyre's post @ Jan 11 2019, 03:16 PM

Hi,
sadly. my editor, is on holidays since 1998.
If English is your thing, and grammar, sentence structure, maybe ... your better suited on say a third class English teachers site.
That said. I will, try and ensure a clearer better structured response in the future. I am however excited to be off to Davos and the meetings prior to the World Economic Forum on the 22nd.
Davos, is, well ... I think well known. Janet Yellen and so too Donald.
Whilst I know not much, the ASX, again, is back to its old under-performance v the USA with one UP .... and ASX down.
At times, I get excited and to be honest frustrated and that, at times, makes an already not great writing style, when I don't take the time even harder to follow.
Apologies
Mark K





--------------------
All views expressed are my own opinions. While I take every care when posting no guarantee to the absolute veracity of the postings is given or implied. Please do your own reseach and consult a professional investment advisor before investing.
 
mullokintyre
post Posted: Jan 11 2019, 03:16 PM
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In Reply To: kahuna1's post @ Jan 11 2019, 12:17 PM

There must be somthing sevetely wrong with me.
Unlike all the accolytes, I find your postings extremely difficult to follow.
They may well be absolute genius, unfortunately the English , punctuation, grammar and sentence structure is from another planet.
Mick




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kahuna1
post Posted: Jan 11 2019, 12:17 PM
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Ho hum,

oh the noise .... the forest is gone and so too the tree's.The current stuff, well ... noise.

It was and is amusing to remember end of Dec 2018 USA had fallen by how much ? The whole year ... ??

OOOOHHH 4% or so .... we went down 8% or more .... and without the ignoring of Dec via the USA it would have been more.

USA via the magic of PPT and well now a muzzled USA fed ... to some extent .... up up and up and we follow but of course slower, for the above reason.
Beyond this, lower levels and recent lows .. well passed but down there and verses a low longer term interest rate outlook here, a good value to buy at 7% or more dividend. Cloud on the horizon and why I suspect, any rally, any meaningful one here is unlikely in 2019 is the Labor proposed new dividend rules and not being able to get a refund, merely just deduct it against tax owed is a really big thing given the size of the superannuation pool and its growing nature.

Other thing, slowly slowly the old tax office with 30 other nations working towards the inevitable end of this tax theft and inversion stuff. They tried, not imposing fines, and well ... the majority went and just changed the structure and went down another rabbit hole. Monday and the ATO meeting was, well illuminating where we are going within 18 months and the EU and a few others likely in three years.

The gist of it is, NO >>>>> NO MORE .... eat poo .... and the arrangers, those being investment banks and accounting firms are to be treated just like someone stealing welfare or fraud via say claiming NDIS or govt money when not providing the service. It is no different and despite the lobbyist for Goldman's our new USA ambassador and thinking he will prevail, so so sorry ....

And this is the other half of the proposed DRONGO tax, which is under wraps, for now. Its neat, its clean and making it an enforcing theft as a criminal offense, no amount of political donations into EU nations or Australia will work. For now, again just noise.

Market wise, well ... if the USA holds true to course .... and those idiot savant computer things in now open and legal ... plunge protection scheme .... work, first stop on say the S+P 500 is passed a 25% bounce which is very normal to occur quickly .... next the 50% between the low of say the s+p at 5,333 or so and 5,992 or some 660 points so half that is 330 .... so .... 5,660 .... or there about and that's, well ... one magic rally day away.

I don't expect them NOT to try it, the Chinese hot air and NO DETAILS or likely change in reality will I suspect be the spur or maybe the ... ending of the shutdown ... either way, a word of caution is that USA ignoring even well ... worrying things. Fed chief says he is actually looking at the govt debt side and is worried ? Holy hell ... its not since pre Greenspan and Volker any USA fed chief looked over the Monetary side and went ... are you joking. Also, the tax implications of actually having to pay ... not claim to have paid, as a few of the tech people did, straight faced to our tax office CLAIMED they paid 25% tax on profits globally .... when NOW we are handed USA tax returns along with EU and so on.

They didn't pay it here ... NOR the USA ... easily seen via tax receipts ... let alone now their tax returns, they paid it into a fantasy tax haven .... and worse, lent the money to the USA parent at double the going rate and claimed 21% tax write-off, into ZERO tax haven tax rate and then ... with a straight face ..lied not only to the Australian tax office, the EU guys were ... even more upset.

Must run, off to Davros and the World economic forum .... and hoping to catch a dance with Janet Yellen again .... along with the Oligarchy heads and their annual meeting. Since Donald will not be there the dance with Mikaliea is out .... sadly ...

Cheers

Mark K ...



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All views expressed are my own opinions. While I take every care when posting no guarantee to the absolute veracity of the postings is given or implied. Please do your own reseach and consult a professional investment advisor before investing.

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nipper
post Posted: Jan 7 2019, 01:39 PM
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And now, helicopter money is morphing into what could be more targeted drone money for the next crisis.
https://press.princeton.edu/titles/10798.html
QUOTE
In The Curse of Cash, economist Kenneth Rogoff explores the past, present, and future of currency, from ancient China to today’s cryptocurrencies, showing why, contrary to conventional economic wisdom, paper money surprisingly lies at the heart of some of the world’s most difficult problems.


But..We can't spend our way out of the next recession.
QUOTE
....central bankers don't want to get gamed into some of the nuttier monetary policies that have been proposed, for example "helicopter money" (or more targeted "drone money") whereby the central bank prints currency and hands it out to people. Such a policy is, of course, fiscal policy in disguise, and the day any central bank starts doing it heavily is the day it loses any semblance of independence. Others have argued for raising inflation targets, but this raises a raft of problems, not least that it undermines decades of efforts by central banks to establish the credibility of roughly 2 per cent inflation.

If fiscal policy is not the main answer to the next recession, what is? Central bankers who are serious about preparing for future recessions should be looking hard at proposals for how to pay interest on money, both positive and negative, which is by far the most elegant solution. It is high time to sharpen the instruments in central banks' toolkit. Over-reliance on countercyclical fiscal policy will not work any better in this century than in it did in the last.....

https://www.afr.com/news/economy/we-cant-sp...20190107-h19sll
.... methinks we'll muddle on, ( but nobody will be happy)



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 


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