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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 368.29

+0.6%

Nov 7 4:00 PM EST

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To: Maurice Winn who wrote (90469)	5/21/2012 3:28:02 AM
From: TobagoJack	4 Recommendations Read Replies (3) of 217576

maurice, (1) summer holiday planning experienced a brief hiccup due to wastrelism in europe we usually bring along the kids' nanny on the various holidays to underpin the trade as the nanny takes care of helping w/ the little jack's needs so that we can focus on erita's interactions and learnings as well as devote quality time to jack whenever quality time is due, and also to garner some points with the wife so that future infractions might be overlooked or not looked at closely to matter. wastrel european states introduced rule-by-making-up-rules since we were there last summer, and now the nanny needs a work visa instead of a tourist visa, and we must pay the locality an imputed 40% income tax on the nanny's imputed european-locality-minimum-wage-compliant compensation (euro 9 per hour) at guestimated working hours per local norm (35 hrs per week). iow the tax for 'auntie's' visa comes to ~500 euro, which in hk pays for an entire month's of compensation. oh, and yes, 300k euro medical insurance coverage for the nanny is a must, and our basic travel insurance and hkg coverage clearly would not do. my guess, the remaining euro states shall go the way of greece fairly quickly, if they are lucky, or face a more thorough monetary-econo destruction should such destruction be delayed. (2) under the circumstances i do not believe hong kong real estate is at all expensive relative to european pricing even as we are renting a castle for the price of a modest hk middle class hovel. europe is over priced and hong kong is under valued. the correction of arbitrage shall continue. cheers, tj

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