Comments on: Counterparties: Green shoots in the housing market A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 By: fresnodan Fri, 10 Aug 2012 11:39:00 +0000 “Green shoots in the housing market”
The housing market gets measured, and measured, and measured, every day, in every way, with the hope that it is BIGGER.
Kinda of reminds me of a friend who bought…male enhancement” pills (OK penis pills). And he measured every day, in every way, with every type of measuring device, his penis. But the chicks don’t lie. Don’t buy the penis pills….

By: KenG_CA Thu, 09 Aug 2012 17:40:07 +0000 Realist, thanks for pointing that out – I thought they were just going to exempt the value of the medals for taxes, which seems reasonable (they can be taxed as income when sold). But what surprises me more than anything is that Coburn is against a tax cut.

By: realist50 Thu, 09 Aug 2012 17:13:31 +0000 For once I have to agree with Matt Yglesias, the proposal to exempt Olympic winnings from federal taxes is awful policy. Shame on Sen. Rubio, the President, and any other official who is supporting this moronic idea. Credit to Sen. Coburn and any other official who is opposing it.

By: upstater Thu, 09 Aug 2012 13:29:39 +0000 re. Light Touch…

Gaming of the electricity markets is endemic; it was facilitated by deregulation, begun in the 1970s and continuing to this day. Like banking, the worst of deregulation came under Clinton.

Almost very “market” that has an independent system operator pays much higher rates than those which are do not. Regions with public power agencies or cooperatives pay some of the lowest rates.

Electric deregulation is financialization of electricity markets — privatized profits, socialized losses.

By: TFF Thu, 09 Aug 2012 11:27:23 +0000 ***Bernanke’s “prolonged low interest rate environment has been hurting US households”***

Low interest rates are designed first and foremost to support asset values, including the stock market, Treasury debt, and housing prices. There is a HUGE difference in implied value when you use a 2% implied discount rate rather than a 5% discount rate.

Interest rates only impact economic growth if people are investing, borrowing, and lending. Right now that activity remains subdued, except for mortgages to purchase/refinance houses that continue to trade at inflated values.

By: KenG_CA Thu, 09 Aug 2012 05:55:07 +0000 Frwip, you don’t want to get me started on taxes. My long rant would just kill this thread.

My take is that people who consider themselves job creators are usually the opposite, kind of like draft dodgers who claim others who served avoided service (I know it’s 8 years old, but it’s a great analogy).

I’m the opposite of a commie – I believe in the free market. I just want to eliminate the distortion and externalization of costs that are often employed by those who wish to control the market (and hence make it not free).

By: Frwip Thu, 09 Aug 2012 05:26:52 +0000 France is an interesting country for taxes.

There is one group you are not going to see leave the country anytime soon, billionaires. People like Bernard Arnault and the such. If you think taxes (not) paid by the top 0.001% in this country are an outrage, then don’t look at what their peers (do not) pay in France. It would make you want to sing “Ah, ça ira” and reach for a guillotine.

Taxation for the very rich in France is literally (and I mean “literally” in a very literal way) a bargain, essentially a lump sum negotiated each year between such individuals (well, their advisers) and the Ministry of Finance, based on all sorts of factors far beyond the normal tax code. Amazing sausage making process.

But for the mere millionaire, wealthy professionals, entrepreneurs, SMB-owning families and the such, France is absolute hell and the gov just cranked the heat one more notch to show they are doing something.

If they really wanted to raise money, they would start looking in corporate tax avoidance by foreign investors through transfer pricing, non-taxation of interests, etc.

By: Frwip Thu, 09 Aug 2012 05:12:14 +0000 @KenG_CA

There you go! Being reasonable, constructive and sensible on us, eh?

What’s next? Are you gonna suggest that job creators should pay taxes?

You must be some sort of a commie :-)

By: MrRFox Thu, 09 Aug 2012 04:32:52 +0000 About this –

“Light Touch

Treasury and the Fed would prefer “public shaming kept to a minimum” re allegations of banking rogue states – Reuters”

Hunted (in vain) for the quoted words in the cited piece – but why be pedantic about details like that?

HSBC and StanChart – if these two willing and eager felony-participants in ongoing criminal enterprises don’t deserve the corporate ‘death penalty’ – who does?

By: KenG_CA Thu, 09 Aug 2012 01:05:46 +0000 Curmudgeon, rather than pay people to change their driving habits, I would rather make mass transit in cities free. Add as many buses and trains as necessary, and pay for it with gas taxes and tolls.

I know, not gonna happen.