Giving the 50 dma a kiss now ... Beat Vix down to 18s and worked off the near term oversold conditions
Threw the last of my spare ammo at it
Hopefully/likely squeeze about over ... Only hope for risk on crowd IMO is if fed tosses out a QE3 surprise this week twisting continue etc won't be enough...
Threw the last of my spare ammo at it
Hopefully/likely squeeze about over ... Only hope for risk on crowd IMO is if fed tosses out a QE3 surprise this week twisting continue etc won't be enough...
72% of Americans say its unconstitutional
No clue how anybody can read the 10th amendment and possibly even consider it constitutional
It's a big ruling as far as the dangerous precedent it sets or if it fails it's a slap in the face to the growing fascism/federalism
No clue how anybody can read the 10th amendment and possibly even consider it constitutional
It's a big ruling as far as the dangerous precedent it sets or if it fails it's a slap in the face to the growing fascism/federalism
U got it coaster
All the inflation/deflation talk as it applies to gold is nonsense really
When a fiat based economy which by nature is a ponzi scheme is under pressure/stressed whatever u wanna call it ... Hard assets like gold are the place to park your wealth to preserve it
During tech bubble we had inflation going at a good clip but gold did jack shit
Cause the banking system was in no way stressed not were their huge fiscal issues globally
Since 2000 banks leveraged to the hilt and got in trouble coupled with all the unsustainable debting done by many of the large economies globally not just on government side but also on the personal side ...... And all this stuff is going to take a long ass time to play out as the global enforcers/leaders are bound and determined to keep the status wuo intact as much as possible rather then allowing it to purge itself so we can get on with a true recovery
All the inflation/deflation talk as it applies to gold is nonsense really
When a fiat based economy which by nature is a ponzi scheme is under pressure/stressed whatever u wanna call it ... Hard assets like gold are the place to park your wealth to preserve it
During tech bubble we had inflation going at a good clip but gold did jack shit
Cause the banking system was in no way stressed not were their huge fiscal issues globally
Since 2000 banks leveraged to the hilt and got in trouble coupled with all the unsustainable debting done by many of the large economies globally not just on government side but also on the personal side ...... And all this stuff is going to take a long ass time to play out as the global enforcers/leaders are bound and determined to keep the status wuo intact as much as possible rather then allowing it to purge itself so we can get on with a true recovery
Not the person to ask I'm ignorant when it comes to the options market
That's something my lazy ass
will have to study up on someday
-----
As for silver itself I still have a tough time raping around its role in this environment .... as I think relative to gold the inflation/industrial demand end of things plays a much greater role granted I'm likely over thinking things as I tend to do
Going back since start of bull they both basicially doing similiar ... Silver just much more volitile ....
That's something my lazy ass
will have to study up on someday-----
As for silver itself I still have a tough time raping around its role in this environment .... as I think relative to gold the inflation/industrial demand end of things plays a much greater role granted I'm likely over thinking things as I tend to do
Going back since start of bull they both basicially doing similiar ... Silver just much more volitile ....
US Retirement Benefits Underfunding Rises To Record $1.4 Trillion
Submitted by Tyler Durden on 06/18/2012 - 22:41
Ohio Recession
The Pew Center has released its annual summary of US pension and retirement health care (under)funding. As of 2010, the total underfunding gap rose by $120 billion from the prior year's $1.26 trillion deficit to a record $1.38 trillion underfunding. This number consists of $757 billion in pension promises, not backed by any hard cash, representing pension liabilities of $3.07 trillion and assets of $2.31 trillion. In 2000, more than half of the states had their pensions 100 percent funded, but by 2010 only Wisconsin was fully funded, and 34 were below the 80 percent threshold—up from 31 in 2009 and just 22 in 2008. But that pales in comparison to the ridiculous spread between retiree health care liabilities of $660 billion and assets of, drum roll, $33 billion, or a funding shortage that is $627 billion, roughly 19 times the actual assets in the system! Just seven states funded 25 percent or more of their retiree health care obligations: Alaska, Arizona, North Dakota, Ohio, Oregon, Virginia, and Wisconsin. What this means is soon US pensioners will have no choice but to experience not only austerity unlike any seen in Europe, but broken promises of retirement benefits which will never materialize. The response will likewise be proportional.
Submitted by Tyler Durden on 06/18/2012 - 22:41
Ohio Recession
The Pew Center has released its annual summary of US pension and retirement health care (under)funding. As of 2010, the total underfunding gap rose by $120 billion from the prior year's $1.26 trillion deficit to a record $1.38 trillion underfunding. This number consists of $757 billion in pension promises, not backed by any hard cash, representing pension liabilities of $3.07 trillion and assets of $2.31 trillion. In 2000, more than half of the states had their pensions 100 percent funded, but by 2010 only Wisconsin was fully funded, and 34 were below the 80 percent threshold—up from 31 in 2009 and just 22 in 2008. But that pales in comparison to the ridiculous spread between retiree health care liabilities of $660 billion and assets of, drum roll, $33 billion, or a funding shortage that is $627 billion, roughly 19 times the actual assets in the system! Just seven states funded 25 percent or more of their retiree health care obligations: Alaska, Arizona, North Dakota, Ohio, Oregon, Virginia, and Wisconsin. What this means is soon US pensioners will have no choice but to experience not only austerity unlike any seen in Europe, but broken promises of retirement benefits which will never materialize. The response will likewise be proportional.
Healthcare just a mess I don't have any answers persay other then the usual of government heavily involved thus creating bubbles/rising prices and more government will make it worse
It's just a tough problem when you factor in that a large chunk of americans want to be obese unhealthy slobs that live to 90s and such .... Gonna cost society as a whole an arm and a leg anyway u slice it ...
It's just a tough problem when you factor in that a large chunk of americans want to be obese unhealthy slobs that live to 90s and such .... Gonna cost society as a whole an arm and a leg anyway u slice it ...
The big problem I see is heakthcare just covers too much nonsense ... It should focus on the catastrophic stuff as far as protecting you from financial ruin but take out the cheaper affordable stuff ...
shit like boner bills shouldnt be covered
Yeah, the issue is never gonna come close to getting solved as long as wellness is what it is in America.
Just ridiculous how people abuse/overuse the healthcare system (but the government involvement in it allows it as well) for minor ailments and such ... Once I cracked my ribs ... I could went and got an xray and they coulda told me to rest and hand me some strong painkillers on the Insurence companies dime which is pointless ... Just popped my ibuprofen and gutted it out on my own
Again I don't have the answers but the freeer markets do and government beurucrats in bed with big pharma/medical industry etc don't... And they need to find some way to stop promoting abuse of the health care system
Mass use of flu shots another thing that irks me absolutely no reason for any middle aged person with no underlying health conditions to get a flu shot yet it is covered by many insurance companies
Again I don't have the answers but the freeer markets do and government beurucrats in bed with big pharma/medical industry etc don't... And they need to find some way to stop promoting abuse of the health care system
Mass use of flu shots another thing that irks me absolutely no reason for any middle aged person with no underlying health conditions to get a flu shot yet it is covered by many insurance companies
