Category: Fiscal Responsibility

G-7 Mutual Interests Confirmed Behind Closed Doors Trumps Fears of Quantitative Easing’s Demise …Paving Path to Temporarily Stabilize Treasury Yields in Continued Monetization Plan Led Down a Long Bond Road Called A Willingness to Preserve Capital

G-7 Mutual Interests Confirmed Behind Closed Doors Trumps Fears of Quantitative Easing’s Demise …Paving Path to Temporarily Stabilize Treasury Yields in Continued Monetization Plan Led Down a Long Bond Road Called A Willingness to Preserve Capital

On Three Day Garage Sales

Hello again!

I need to ask you for a little more patience and understanding.

I realize that I have all but, just about stretched your willingness to extend me any more accommodating forbearance beyond the reasonable limits of good prudence and logic.

Therein, please do not despair; yet I would like you to accept my indulgences in making one more urgent request regarding a most unexpected matter.

You see, while I’m continuing to have problems in that I am still struggling to handle and cope with my day to day and month to month financial obligations …some sequence of unforeseen and rather dire misfortunes have rocked my world recently.

You see; there just couldn’t be any worse timing for … true to my nature, I have some how (…once again) managed to spend way too much money this last month.

So, again …I guess that I am just going to have to hold another (treasury auction) garage sale …one more in a long string of on-going, huge, three-day garage sales.

However, this particular (treasury auction) garage sale is going to have to be different due to a variety of matters (quantitative easing not withstanding) whose issues have culminated to conspire against my lack of (Boy Scout/Girl Scout) preparedness …and has taken me totally off guard.

To Teachers Tenured-Non-Performing; “You’re Fired!”

This is shorter than it is sweet, yet it should be just as easy to serve to connect the dots …as it is easy to see how higher priced commodities (…namely escalating oil and gasoline prices) represent a significant quasi tax-like burden. So, in the same light, what I am about to discuss should be equally easy to see how such (like rising oil and gas prices) also poses a significant threat to drag down a healthy economic recovery …all the more …along with the detrimental affects which are associated with a rise in commodity prices.

So, in like fashion, what I am discussing today, will only serve to highlight the exasperating affects of the above commodity-driven affects’ drag on the economy and …moreover …do so in an additive fashion …rather much like explaining and warning of a more real, clear and present danger’s approach.

Taken together these two real threats pose a significant real punitive tax which is now …as it has been …currently working to threaten recovery …pretty much undetected and unchecked …right under our very noses.

And whether or not these threats are taken separately or aggregately …both, when taken together …will combine to form and work together …as a single matter’s impact …forming a double taxation whose hikes, which …when combined will essentially threaten to erode and reduce expendable discretionary personal income …hampering a badly needed healthy economic recovery.

I do not mean to be pessimistic, but the cards have already been stacked against those who have pretty much have chosen to ignore the facts at the …city, county and state-wide levels of government …that is of course …until recently …as can be evidenced by the forces aligning themselves for the real clash in 2012.

Yet, in spite of what appears to be two eight hundred pound gorillas in the room, Americans have been unwilling to take up the conversation at, in and upon the stages of more locally oriented state-wide levels …and; as such, sadly …a less prudent reason has more than all but avoided a more sobering conversation whose time is long over due.

Re.: Monetary and Fiscal Responsibility;

And while bad habits are easily learned and obtained; they are not so easily worked free from …in reversing their affects’ impacts.

These take prayer and fasting.

Take a rather strange lesson from an otherwise foreign focus and vision …one generated in mixing an atmosphere of strong necessity with one of equally strong discipline and regimented resolve.

That’s why the Germans have been rather more successful in adopting …with their engrained mind-set of discipline …a more prudent and reasonable rationale in their approach to borrowing limits …capping their annual budget deficits and public debt to correspond to certain guidelines which pertain to strict percentage-based guidelines of their economy’s actual performance …foregoing the urge to bet on the come …as it were …as hope seems to have become warped here in America.

This more responsible sort of balanced approach to fiscal due diligence and disciplined oversight of the budget processes returns a service to the people of Germany which kind of reminds me of the purpose which the President’s Pay Czar was intended to serve …

…Namely that of accountability …in light of an emphasis which was supposed to be centered about openness and clarity.

No Child Left …or Right; Get Behind Me!

The three year anniversary marking the release and launch of Obama campaign slogan rhetoric; “Yes We Can!” is quickly approaching and one thing America has realized is…

No We Can’t!!!

Obama’s Budget Fudges It

Take note then, in America’s continued embrace of fiscal irresponsibility …equity markets will experience returns to higher volatility …providing the Treasury the better opportunity it both will be seeking and needing to raise cash …making it easier when it must beat money out of domestic and foreign managed stock market indexes.
Bond markets will not be fooled though, and like recent rises …yields will climb beyond expectations …at alarming rates of change …further squeezing equities at times least expected, or …when treasury needs a fresh infusion …as it will always will become the case …with commodity prices rising in step and then falling according to each and every treasury and European bond auction which will …in turn send waves through international currency markets like a skipping rock’s ripples in an otherwise calm pond.
However, the XLB materials’ index and its components will be anything but calm …and may very well be the rock which is being launched by the likes of artificial programs …the likes of QE-4 QE-5 or 6.
I don’t know; but it kind of looks like a girl.
Sort of reminds me of Ozzy Osbourne’s latest telephone commercial …4G …5G, 6G?
What’s the next greatest thing being flung into the pond Ozzy?
Will it be a fiscally responsible Congress …or just another beaver …er; I mean …Bieber?
To understand the inside joke: http://www.youtube.com/watch?v=RIKW-3cdDPY

666 China’s Currency Evaluation

Bond Prices demise? How?

That’s not just even the half of it all.

None the less, today …Ben Bernanke’s call to cut spending and embrace physical responsibility was about as weak as his attempts were to justify down-playing QE’s impact upon commodity prices and the unmistakable presence of inflation …passing them off as factors attributable chiefly to the expansion of demand stemming from developing emerging market nations.

No matter how the Ben Bernank slices it, and no matter what components he can righly, justly, or otherwise care to conveniently factor out of the inflation indexes, low wages and or labor components are no means worthy to justify the excuse to continue down a path which destroys the strength of the American dollar …for merely a greater interest …that which allows thee governmetn to skate free …merely to justify paying a lower (weak-dollar) interest service costs …merely to afford to carry the public debt ….merely to be able, primarily …just to float the note we tote.

Pay no attention to the man behind the curtain …INDEED!

Clarity? Transparency? Perposterous!!!

So, that is a recap of my last post in a nutshell …any rise interest rates, not withstanding, because that is the central and pivotal …jobs …housing …liquidity …debt load (public debt costs) treasury yields …bond prices and lastly …the Fed’s balance sheet all not withstanding.

God knows we couldn’t have these two items (The end of QE and …the rise of the debt limit) scheduled side by side.

No, we will now …not have these items on the calendar at the same time. God forbid!

Think of it; rising interest rates impact upon the service costs of our public debt. Good Lord! We wouldn’t want to send our foreign creditors the message that we need to borrow more money …just to float the note.

Who Me, Protest?

The following is the result of looking for data to support and build my case in a recent real estate tax protest I have filed.

Before you open the link below, read the following short explanation below first.

The following is a look at one of the 20 Metropolitan components which make up the Case-Shiller SPCS20R Housing Price Index. The SPCS20R is a 20-city composite index comprised of 20 major metropolitan areas in the U.S.
The index reflects upon the overall movement of housing prices across the nation in these twenty areas.

Ulterior Motives …Alternative Health Care Solutions

Preventive health medicine should reduce the need to treat and cure the patient, but today, there seems to be great focus and emphasis in treating the symptom rather than the patient and or their illness.

Now, is the time to earnestly make serious and long lasting improvements which will impact the quality of care, service and cost of how health care is provided here in America.

But more importantly, it will emphasize the strength of recognizing the importance of the individual and the freedom to choose wisely in view of the certain consequences when one fails to both have the opportunity and also fails to take what opportunities are available.

The profit motive seems to have caused a conflict as well as a distinct disconnect such that the medicine practiced today promises as much side affects as it does promise to the patient …especially when patients become overmedicated.

Skin for Skin

No disrespect intended, but if we choose to treat, take and make healthcare as much of a shipwreck as we did our housing, banking and financial systems as of late …then we are most assuredly on a fast track to certain failure …one which our forefathers sought to avoid by taking every one of the means, ways, and responsibilities which were available and also necessary at the time.

After all, PIGS We Are Not!

Today, I am taking a look back at a letter I wrote Friday, November 21, 2008 dealing with a principal commonly used in bankrupcy proceedings called Cram-Down.

It seems fitting to revisit it to achieve some degree of perspective in view of communities whose municipal bonds’ bond ratings are at risk in the face of of dwindling tax revenue.

And taken in perspective of TARP and various stimulus programs which have been walked through Congress under the pretext that their purpose is aimed at saving community jobs and services, I have to ask; as what point will America become like Germany …less than willing to support the pigs of Europe …those like Portugal Ireland/Italy Greece and Spain?

After all, are the PIGS …all that much different than any number of the hardest hit states here in America?

Without a doubt, The Germans have had to pay an exacting price to pay for reunification …not to mention what the PIGS’ bail-out may wind up costing the quality of their return on social investments.

So, tonight is an opportunity to visit the letter below while asking what are state and local governments doing to maintain tight budgets and exercise fiscal withstraint?

It seems to me that in the face of lowered property values …rising property taxes are a sad social commentary …one in which state and local community governance has thrown away prudence and reason in favor of the opportunity to ignor reality and the consequences of neglect …hoping that no one would take notice.

In that respect, I will introduce my letter by saying; “…pay no attention to the man behind the curtain …” You better pay your taxes, or they might just cram them higher property taxes down your throats.

Cram Down? vs. Higher Property Appraisals & Property Taxes?
Go Figure!
How does that translate to …Spending Cuts?
It doesn’t, does it!?