Recent comments by JP

I doubt many realize that it might be a verb.

The possible negative impacts of QE (such as inflation, weak dollar) never materialized.

Well, ignoring that whole epic wealth gap anyway.

The FOMC is expected to announce the end of QE3 on Wednesday October 29th, following the FOMC meeting next week.

Dooooooooooooooom!!! Dooooooooooooooom!!! Dooooooooooooooom!!!

In far away Florida in Liz's back garden,
Yertle the Turtle had earned a free pardon.
A nice little garden. It was clean. It was neat.
The back yard was warm. There was plenty to eat.
The turtles had everything turtles might need.
And they were all happy. Quite happy indeed.

They were... untill Yertle, the king of them all,
Decided the kingdom he ruled was too small.
"I'm ruler", said Yertle, "of all that I see.
But I don't see enough. That's the trouble with me.
With this stone for a throne, I look down on my garden
But I cannot look down on the places beyond.
This throne that I sit on is too, too low down.
It ought to be higher!" he said with a frown.
"If I could sit high, how much greater I'd be!
What a king! I'd be ruler of all that I see!"

Greater DC is gray/red? nfw.

Regarding my snipe upthread about S-corp owners paying taxes on health insurance: It made me wonder if ACA might have changed that.

It appears they have: IRS Notice 2013 54 And S Corporation Shareholder Employees | Blog | Employee Benefit Plans | Services | Baker Newman Noyes

Don’t Miss the Health Insurance Deduction if You’re Self-Employed

But who knows. Anything written by the IRS needs translation into English.

sporkfed wrote:

Isn't there a proposal to tax employees on employer sponsored
health insurance ?

Yes. BTW: It has always been that way for small biz owners (S Corp), I look forward to having the outrage extended to the rest of the world.

josap wrote:

The crazies seem to come out when the seasons change.

And the seasons are always changing.

Outsider wrote:


Yeah, but let's face it: 1 bath? Not the mark of a civilized society.

Yeah, I got that sense.

Oh well off to the mines.

Goldman: Don’t freak out over global slowdown - MarketWatch

Translation: Now would be a good time to panic.

Looks like we attended the same class on propaganda deprogramming.

Rajesh wrote (really quoted):

Nationally, 83 percent said they're having a hard time filling craft worker positions including carpenters, equipment operators and laborers.

Statements like this always strike me as idiotic with the clause "at the wage we are offering".

ResistanceIsFeudal wrote:

JP wrote:
I can't believe they don't just restrict those guys to ancient Greek. I mean, if you're gonna travel across Styx then you might as well force everyone to learn the native tongue.
[this space intentionally* left blank]
*  I forgot what I was going to say

Probably something like this.

burnside wrote:

Largely, I suspect, because discussing it now can have no effect whatever on its progress or outcomes.

[Adjusts Tinfoil Hat] Raising rates now will certainly cause some pain. Preparing the masses for rising rates would certainly be aided by having them believe that such action is leading ultimately to a more equitable arrangement.

Vonbek777 wrote:

in case the Ferryman doesn't speak your native tongue.

I can't believe they don't just restrict those guys to ancient Greek. I mean, if you're gonna travel across Styx then you might as well force everyone to learn the native tongue.

Vonbek777 wrote:

That mutates as it spreads.

I assume it will eventually kill the host.

Outsider wrote:

If we all wore magnets, would we be more attracted to each other?

Broward's trend-setting assless chaps have an equal probability of achieving the result.

Good news! Finally we can all have our chauffeurs bring the Bentley's out in front again!

The rich can stop worrying about a middle-class revolution | Daily Ticker - Yahoo Finance

lawyerliz wrote:

If they raised hte contribution base to say 200k

For that matter, why is FICA collected separately than income tax? Are we trying to penalize W-2 workers?

Why is there a cap at all, and why isn't it on any type of income?

… it's illegal to off yourself in all but a couple of states

We need a crack-down on this behavior! Perhaps we should triple the penalties.

If they raised hthe cpntrobution base to say 200k, and raised the date of retirement, say 3 month from where it's planned presently, wouldn't the problems be solved for quite a while?

Aren't you a lawyer? which probably means you're an LLP etc? What is the ratio of salary (which pays SSI) to pass-thru (which does not?)

I don't know the percentage, but higher household incomes does not equivalate to higher W-2 income.

Last link:

With this magnificent day, Jim Cramer thinks that at the first sniff of a market pullback, some serious buying should be done.

In the midst of the market low, he created his list of 10 events that needed to happen in order to reach an investable bottom. Cramer knew when to call market bottom last Friday, and it was all because he had his checklist to compare to.

There you have it: Cramer thinks Friday was the bottom.
I think I'll go short at the open tomorrow.

Cramer Remix: You need to be a buyer - Yahoo Finance


TJ and The Bear wrote:

A recent article stated that every 100 to 200 years the entire Cali Central Valley is flooded.

And did the article state what the valley was flooded with? Innocent

curious wrote:

Nothing like announcing these changes at a conference in Vegas. Nice image.

Big smile How appropos!

burnside wrote:

In the worst days of the downturn there were grave discussions regarding the necessity for 'skin in the game'.

And we ended up with a world in which neither the banks nor the homeowners have more skin in the game.
Facepalm Such fast learners we are.

It's a good thing prices never go down, otherwise lower downpayments would be a worrisome trend.

ResistanceIsFeudal wrote:

Clearly, they need to qualify for more debt so prices can remain high.

It is worth noting that the "problem" is that credit is too tight; It might be worth noticing that low LTV is solved with lower V's.

NYT: Is it better to rent or buy ?

That is among the best thumbnail tools for rent vs buy, with the notable exception that it values your time at $0 for maintenance performed.

No one achieves 1% status by checking off all the items in their honeydoo list.

So a company that receives its money from those who benefit from easy credit is telling us that we need easier credit?

Is this in some way unexpected?



I understand the problem. The old Charles Street jail in Boston has been converted to a hotel (named The Liberty Hotel) with a swanky bar (named Clink, which given the history makes it the cleverest-named bar ever.)

So with these kind of conversions going on, is there any wonder at the confusion being caused to drunks everywhere?

Beacon Hill Restaurant - Clink

Very interesting HFT article.
High-Speed Traders Put a Bit Too Much Gravy on Their Meat - Bloomberg View

FD: I know someone who used to be at the firm.

Rickkk wrote:

because I used the word "intrepid" somewhere


I kinda doubt RiF is domesticated.

Belmont wrote:

Smarter than you, no question. But not as witty apparently.

Truly, you have a dizzying intellect. Please continue.

Belmont wrote:

100% accurate. If you aren't underwater, there is no excuse. And if you were crazy underwater you already fucked up by not walking.

So wise. Such knowledge of finance.

Belmont wrote:

No I never said price doesn't matter

"If you already have the debt price is meaningless. You refi."

So knowledgeable in the ways of finance.

There goes dilbert, always asking the tough questions.

Oh well, off to the bit mines, so I can bring home the bacon, because obvious bringing home FRNs is a stupid idea. :later:

[that was a poke at yoringe, who's probably off cheffing up a storm.]

We are not Russia!

I'm pretty sure a bare-chested US leader would cause equal swooning, except that the swoon for O would be among women.

Apparently a Wide Bottom ® in household formation as well