Boghies Account Talk

[Birchtree]

No one has seen his original birth certificate - so who knows. Only his hair dresser knows for sure.

 

[crws]

oh, it's the copy. You goofball.:laugh:

 

[Boghie]

The 'Black Swan' has spoken

But, what did he say. Since the market has done nothing, than nothing was apparently said.

Regardless, I am so confident in the 'Obama Economic Miracle' that I am thinking about reducing my equities footprint. Why:

• Investors will figure out what he said soon.
• Financial shows are keying on the tax increases
• Obama will wear a sweater during his next speach.
• The oil spill is going to increase unemployment, reduce GDP

Also, Summer is usually rather lame. da'Boyz also need to sell now to keep the current tax rate. Dividends will soon be taxed at ordinary income. And, medical insurance costs are booming. Why be invested when a flock of Black Swans are flying about. During a season of flat returns.

Greed is ruling right now, but I think we have seen the high point

 

[Birchtree]

....but interest rates are not going up for a very long time - there is no other game in town.

 

[Boghie]

Birch,

We have an economic illiterate in the White House who hired the rest of his illiterati to man the levers of economic power. He is ready to speak. He is ready to do more damage. He is ready to fail.

Capital preservation may be the only game in town.

What did you long timers do during the illustrius reign of Carter I? :nuts:

 

[Birchtree]

You mean the years of cost containment - we did absolutely nothing. We all knew he was a clown. And I hate the yellow back to this day.

 

[Boghie]

You mean the years of cost containment - we did absolutely nothing. We all knew he was a clown. And I hate the yellow back to this day.

You made your respect of Carter I known rather directly not so long ago.

President Carter was and is a turd.

I think that is as clear as I want to get

Does anyone have the skills to photoshop a slovenly, half dead, king passing the crown to a foolish prince. Maybe photoshop Carter into the king and Obama's head to the prince. Any President who is discussed in the same paragraph as President Carter should be concerned - very concerned.

It only took 'The Black Swan' seventeen months.

 

[crws]

I put up solar hot water panels and paid $20 a month March - October for electricity!
It was so great back then, I bought another set for the new house this energy credit go-round for $150 ($2,850 less than my first set)
Now if we just had less liquid sunshine....:laugh:

 

[nasa1974]

I put up solar hot water panels and paid $20 a month March - October for electricity!
It was so great back then, I bought another set for the new house this energy credit go-round for $150 ($2,850 less than my first set)
Now if we just had less liquid sunshine....:laugh:

crws, Could you pass on some information. I am interested in maybe putting solar panels on my roof.

 

[Boghie]

The lead Swan is in flight. Time to destroy the economy and employment of the Southeast!!!

Thus:

G - 20%
F - 10%
C - 55%
S - 15%
I - 0%​

Prepping for a larger move to safety!!!
LateR

 

[Boghie]

Brian Wesbury used to be a guest on the Hugh Hewitt show (maybe still is).

I tracked down his commentary on the 'First Trust' website.

Strongly recommended.


Whether right or wrong, think of how much you would have paid for top level and timely economic (financial) advice like this only a decade ago.

Now to watch some more of the videos and read a couple more articles. The articles will make your head swim. And, you don't even need to be swilling Samuel Adams' very fine Summer Wheat blend


Note: Unless he back-posted his videos/articles Wesbury was incredibly accurate.

 

[Boghie]

Silverbird...

Oh my.

Things - Regulations, Laws, Pensions - change at the whim of politicians.

All I can say is: I am elated that TSP cannnot be jiggered by politicians.

Sitting in my own personal lock box.

 

[grandma]

All I can say is: I am elated that TSP cannnot be jiggered by politicians.

Didn't I just read that the tobacco bill passed, and it has an addendum
that gives the lobbyists `their due & fair share' of our TSP funds?

 

[Boghie]

Grandma,

I think you are talking about this.

Basically, the LibTards in Congress want to front load the taxes attained by folks choosing to invest in the new Roth IRA option offered by TSP in 2011. Basically, Waxman maths out about $300 million in taxes resulting from investment in a TSP Roth IRA over a period of years. He was gaming 'Pay-Go' to balance some LibTard regulation on Tobacco products.

Sorry about the sarcasm - I hate this stuff.

The whole thing about lobbyists grabbing a piece of the pie is also somewhat accurate. Apparently, there is a big push to increase the investment options available in TSP. For example, maybe a REIT or an emerging market fund.

You will NOT have to invest in these funds. You don't have to pay mutual funds any fees if you do not invest in them.

Still PO'd about the PayGo game.

Here is reality.

 

[burrocrat]

congrats on your 1000 post!

 

[Boghie]

The 'I of Sauron Funders' Should Pay Attention...

To All I Fund Holders...

I ain't no wizard, but check out this interactive map and article from the Economist...

Those purty shades of red are the countries in which the 'I Fund' is invested.

The Bond Vigilante are just warming up

My favorite color is green. Those would be covered by an Emerging Markets fund.

We don't have one of those.

:blink:

 

[alevin]

Good find, Boghie. thanks for sharing. I need to get me some EEM and/or other emerging ETFs over in the Roth. I got China in the IRA, but unfortunately bought before they tanked, so still making up lost ground there.

 

[crws]

Re: The 'I of Sauron Funders' Should Pay Attention...

can you say "the united states of Russia"
71% ?! and a new fighter plane... http://www.ausairpower.net/APA-2008-04.html
We need to stop the catfights and get it together.
Thanks for posting.

To All I Fund Holders...

I ain't no wizard, but check out this interactive map and article from the Economist...

Those purty shades of red are the countries in which the 'I Fund' is invested.

The Bond Vigilante are just warming up

My favorite color is green. Those would be covered by an Emerging Markets fund.

We don't have one of those.

:blink:

 

[Boghie]

By reducing my equities holdings I am demonstrating my confidence that more regulation, higher taxes, and the fiat uncertainty integral in the Obama Economic Miracle will lift all boats - or something

Soon - next week - earnings season rears its ugly head. Anyone out there think companies are going to project growth? Maybe decent past earnings, but we are in for a capital strike.

G: 30%
F: 10%
C: 50%
S: 10%
I: 0%

 

[Boghie]

In FY1981 the Federal Government spent $657,204 Billion
Inflation adjusted we are talking about $1,577,419 Billion in 2010 dollars

Current Federal Government Spending projections are for $3,720,701 Billion



For my Liberal Friends, DOD spending in FY1998 was $256,136 Billion
Inflation adjusted we are talking about $335,433 Billion in 2010 dollars

Current DOD projections are for $692,031 Billion in spending (and, yes, this includes the suplimentals - I use the real expenditures NOT a budget number).

Thus, increased DOD spending consumes an additional $356,598 Billion in 2010 dollars than we spent in FY1998.


Some basic math:
$3,720,701 (Total Spending)
- $1,577,419 (Total FY1981 Spending)
- $356,598 (Additional DOD Spending)
============================
$1,786,684

Where has that additional $1,786,684 Billion gone?

To which funding lines?

Would that mean we would be running a surplus if we sized government to FY1981 inflation adjusted? Well, actually we would be running a surplus - and not touch a dime of the Social Security 'lock box'. Expected non-Social Security revenue for FY2010 is $1,893,113 Billion.

Too much work

Maybe someone else can pick up the pen and/or electrons!!!