Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (109798)	1/17/2015 11:03:09 PM
From: elmatador	1 Recommendation Recommended By Metacomet Read Replies (1) \| Respond to of 217544

Obama rediscovers the $300 billion tax plan of 2009. January 17, 2015 Obama will propose in his State of the Union address a plan to impose higher taxes on the wealthy and use the revenue to help middle-class families. Congress would have to agree, and lawmakers have rebuffed Obama's earlier proposals to eliminate certain tax provisions and spend the money on road and bridge repair, for example. abcnews.go.com But in 05 Jan 2009 The President-elect spoke to Congressional leaders in an attempt to get them to back the $300 billion measures aimed at people on lower and middle income, assuring opposition Republicans their views would be considered. cnn.com

To: Elroy Jetson who wrote (109798)	1/18/2015 4:29:28 AM
From: Snowshoe	Respond to of 217544

Idiots... FXCM Lobbied Against Leverage Limit Before Trades Went Bad bloomberg.com FXCM Inc. (FXCM), the brokerage facing a shortfall of nearly a quarter-billion dollars after highly-leveraged investors made losing bets on the Swiss franc, pushed back against U.S. regulatory efforts that likely would have left it less vulnerable. In 2010, the Commodity Futures Trading Commission sought to force individual investors trading currencies to give their broker 10 cents in capital to back every $1 in positions. The regulator failed to accomplish that amid pressure from New York -based FXCM and other brokers, meaning only 2 cents must be pledged.

To: Elroy Jetson who wrote (109798)	1/18/2015 7:41:35 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 217544

The same sort of thing happens elsewhere. <everyone seems to have thought that the Swiss Franc was a guaranteed one-way trade, borrow a billion Francs at nearly zero percent interest and buy almost anything else.> Hordes of Mrs Watanabes sell yen to buy NZ$ to lend to people in NZ to bid the price of their houses higher [doubled over a decade in Auckland, the main city]. Mrs Watanabe can get 0% interest in yen, but 4% in $NZ. It was higher a decade ago. It has been a good bet for decades. So far, it has been a good bet for NZ house owners too, and the banks that have loaned Mrs Watanabe's money to the house buyers. Yes, there have been ups and downs but overall, a winner. But there is no double your money back guarantee. Tomorrow, the NZ$ could drop to US40c from US80c and a similar fall in yen. House prices could take a big tumble too. Auckland house prices are at historic highs in relation to incomes. But people go on borrowing as they are keen to get on the no-lose property investment game. There was a hiatus in 2008 for a couple of years as the world financial mess reverberated around town, with many losers who borrowed big to join the game a couple of years before that. But that's long ago now, with all time highs reached daily. Mqurice