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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (64225)	3/5/2007 4:05:50 AM
From: John Carragher	Respond to of 116555

no mention of cola for state or federal pensions. gap is much worse than writer identified as each year passes. some state's also do not tax state pensions as income while taxing pensions in general. not only do state employee's get a gift at early retirement , usually no discount after age 55 in some places, cola but also not state income tax.

To: mishedlo who wrote (64225)	3/5/2007 10:14:28 AM
From: Jim McMannis	Respond to of 116555

'Dat's a good blog. As long as the government can tax and print money they can easily out compete the private sector's pensions. Once they give it away they almost never take it back too. So much for the best and brightest going into the private sector.

To: mishedlo who wrote (64225)	3/5/2007 12:44:04 PM
From: Ice Cube	Read Replies (4) \| Respond to of 116555

An interesting currency trade has developed over the past few months. Since December, the Thai Central Bank (in conjunction with the new Govt.) has decided the Baht was too strong. In their wisdom, they decided to hold the internal exchange rate at around 35 Baht to the dollar. But, outside of Thailand, the current rate is under 33. Inside rate: bangkokbank.com Outside rate: bangkokbank.com So if I am in Bangkok I could take Baht and fly to Singapore and then change it back to dollars, then fly back to Bangkok and trade them back to Baht, then fly back to Singapore.......... on and on......... Over the past few months you would make 6% on every trip (daily). BUT, you are only allowed to take a limited amount out of Thailand, but no one ever checks there anyway. Flights are VERY cheap to Singapore. A lot of expats have been talking about this for a while since the 'artificial' peg was put in place. Even doing $10,000 daily is a decent living. The other part of this is how long the Govt. can keep this going without everyone calling them on their craziness.