Actually, the people at the top of the pyramid still come out on top even if there is a deflation. Banks are insolvent to the tune of trillions. If the free market operated as it should, all the high rolling bankers would be selling hot dogs on the streets by now. Parasites in banks & financial...
So why did Regan remit office with some of the largest deficits that the US had at the time? I know that story he used to say - one can only shake one's head. How many movies were being made at the time in hollywood? Was there under capacity? What was the unemployment rate like? Only a naarcisstic ...
Tax cuts have throughout the entire history of United States led to a booming small businesses some of which eventually grow into big corporations. This is not a one time event. Everybody and their father in the US knows that. Reckless spending was going into Iraq. Afghanistan was necessary, but Ir...
It does seem to deter quite a few people as was seen by the boom after 2000-01 when Bush proposed the tax cuts. And capital gains covers all investments, not just RE. This is an extremely discredited theory. Correlation does not imply causality. By extension - can one argue that Bush tax cuts cause...
Under the Obama plan, the proposed tax increases are by 5% on their personal income and by 20% on capital gains. ok - would the additional 5 % increase in tax scare you from the opportunity to earn over $250,000? Capital gains should be taxed highly. It would discourage idiots from speculating in R...
So from this statistic it seems three-quarters of 'firms' have no payroll - meaning they are 'self-employed'. So such 'small businesses' do not 'hire' people. So how would an increase in 'income tax' affect their investment or their 'hiring'? Because the ones that do have payroll (firms that employ...
Higher income taxes stifle their ability to expand their businesses or even close it down if it starts being infeasible. There is only so much of hard earned savings that people would like to take risk with. While they can recuperate part of their losses by showing it as an investment loss, its onl...
There are contradictory analysis on almost every issue under the sun that involves human nature and is not controlled by physical laws. I quote from the census bureau statistics: About three quarters of all U.S. business firms have no payroll. Most are self-employed persons operating unincorporated ...
The good thing about deflation is it turns this pyramid scheme upside down. Naturally the chief crook at the top is alarmed and wants to right the pyramid back on its base. That system of easy theft of other people's earnings for doing jack sh&t is important to the scheme. Otherwise, banking an...
This doesn't make sense - if their hard earned money is invested in their businesses - then it is an investment not an income. So the higher income tax does not impact them at all. Unless you are saying most small business owners actually continue to 'earn' their money somewhere else and then open ...
Scenario 1 (of aqkhan) confuses between an income tax (families earning over $200 K) and a business tax (they will stop hiring) - so is probably irrelevant. I agree with the rest of your post except this. You have never started a small business I assume. Small businesses (except in tech and that to...
What will cause these and what will be the impacts and what is the hedge There are two scenarios under present condition that can cause havoc on the global economy: Scenario 1: US government decides that the tax cuts that were given during the Bush administration is not fuelling spending growth and...
- Interest rates - Interest rates are a way of the federal reserve banks to control monetary supply to hit the sweet spot between inflation and deflation in an economy. If the federal reserve sets interest rate too low, the banks are flooded with money, so they can lend at low interests to people to...
Double dip looks doubly certain http://www.marketwatch.com/story/double-dip-looks-doubly-certain-2010-07-20 A surprisingly large number of economists now agree that then-Federal Reserve Chairman Alan Greenspan made a tragic mistake. After the dot-com bubble burst in 2000, Greenspan opened the monet...
Posting from another forum: These are not my views, but an Afghan's view of what Pakistan's interests are vis-a-vis Afghanistan Afghans live like in hell for the last 30 plus years, but for the first time we heard Taliban name was about 14 years ago. Who were the biggest thread to Afghanistan unity ...
11 years on, still no anti-collision devices http://timesofindia.indiatimes.com/India/11-years-on-still-no-anti-collision-devices/articleshow/6189065.cms For at least 15 years, suburban trains in Mumbai have used an Auxillary Warning System (AWS), which prevents trains from jumping red signals. But ...
India's population problem is real, and it impacts ordinary people's quality of life by undermining government's ability to deliver services. A glaring example is despite all around growth in the generation of electricity since 1947, today there is only one state that is anywhere close to having a ...
One of the elephants in the room, something not being mentioned, is the western standards of living have to fall drastically if humanity is to survive the multiple crises facing it. LOL. Western standards will come down automatically if there is serious sustained competition from countries like BRI...
The population of India is growing at a phenomenal rate. Wrong. http://www.google.com/publicdata?ds=wb-wdi&ctype=l&strail=false&nselm=h&met_y=sp_pop_grow&scale_y=lin&ind_y=false&rdim=country&idim=country:IND&tstart=-315619200000&tunit=Y&tlen=48&hl=en&...
Why U.S. Financial Reform Looks Indian http://blogs.wsj.com/indiarealtime/2010/07/16/why-us-bank-reform-looks-indian/ Passage in the U.S. Senate of sweeping financial services reform Thursday is set to transform the banking and securities landscape in a way that hasn’t been seen since the Great Dep...
Yeah, stupid british people living in the past :rotfl: There is so much difference between British and American journalism! But, we should not pay attention to such idiots anyway. Remember, its the policies and the growth of the country that will give value to the currency, not the symbol, nor these...
^^^ The bill is an excuse for the banks. They were bailed out by both the administrations; they did not lend as expected. What did they do with the money, huh? They did not even trust each other enough....enuf said. Most of the money went to dilute the red ink (cover losses). Some leftover are bein...
So right now $7T worth of property is being mortgaged at $11.68T a gap of ~$4.68T? So banks must be making lots of money by not rewriting the loans. In what time period will the $7T equal the $11.68T in mortgages at say 5% growth? If its too long then defaults will increase. It depends. With most b...
Bruising spat erupts at peace talks briefing http://timesofindia.indiatimes.com/india/Spat-erupts-at-Indo-Pak-peace-talks-briefing/articleshow/6174188.cms The foreign ministers' meetings between India and Pakistan all but collapsed in a welter of accusations on Thursday. Pakistan steadfastly refuse...
An Attack on Iran: Back on the Table http://www.time.com/time/nation/article/0,8599,2003921,00.html In late 2006, George W. Bush met with the Joint Chiefs of Staff at the Pentagon and asked if military action against Iran's nuclear program was feasible. The unanimous answer was no. Air strikes could...
it means, the musalman is not happy that Bharat has the devnagri symbol as the symbol for rupee but is trying his best to hide his disappointment instead trying to reveal it through a fake 'survey' done on the streets.
An Attack on Iran: Back on the Table http://www.time.com/time/nation/article/0,8599,2003921,00.html In late 2006, George W. Bush met with the Joint Chiefs of Staff at the Pentagon and asked if military action against Iran's nuclear program was feasible. The unanimous answer was no. Air strikes could...
If GOI starts using it and Indian corporations start using it, it will eventually be picked up by software and keyboard makers very soon. I doubt GoI has to enforce it.
I see the situation as hopeless for US and China. They are locked into a gravitational decaying orbit around each other, eventually colliding into each other.
I for one am glad, we're doing things at our own pace now!
There is some danger that it might be confused with the number 2 if the horizontal bar is not pronounced but that's the only down side. It should not be confused with the number 2 at all. The lower stem in number 2 is horizontal, while in the symbol, the lower stem is inclined at a 45 degree angle.
http://static.indianexpress.com/m-images/Thu%20Jul%2015%202010,%2003:22%20hrs/M_Id_162654_front.jpg The jury has given its verdict: the rupee will retain its Indian character with an international flavour. The five-member panel has chosen IIT post-graduate D Udaya Kumar’s design from among five sho...
It'll be funny to watch US citizens travelling in buses and trains more and more while living in rental accomodations competing with Indians and Chinese in both blue-collar and white-collar jobs if the dollar is indeed devalued or is dethroned from being the worl'd reserve currency
Growth arises when people see something worthwhile investing in and then they invest. Growth does not come from some joker sitting at the top fiddling around with interest rates, counterfeiting money or getting people to spend wastefully. Wake up and clue in, that's what caused the crisis. All the ...