tag:blogger.com,1999:blog-8515247115132134144.post4649193112115106918..comments2024-02-17T12:34:01.400-08:00Comments on Illusion of Prosperity: Real GDPStagflationary Markhttp://www.blogger.com/profile/04568993350246477976noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-8515247115132134144.post-36610175147364689702012-10-12T04:00:32.991-07:002012-10-12T04:00:32.991-07:00Troy,
What gets me about CalPERS is that the only...Troy,<br /><br /><i>What gets me about CalPERS is that the only part of its book that is doing good is real estate. Talk about robbing Peter to pay Paul!</i><br /><br /><a href="http://www.phrases.org.uk/meanings/peter-out.html" rel="nofollow">Peter out</a><br /><br /><i>"When my mineral petered why they all Petered me. Now it is dig, dig, dig, drill, drill for nothing. My luck is clean gone - tapered down to nothing."</i>Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-61979446780218080322012-10-12T03:52:05.679-07:002012-10-12T03:52:05.679-07:00AllanF,
Not me! I am investing in ALL of the S&am...AllanF,<br /><br />Not me! I am investing in ALL of the S&P 500 companies that still have an AAA rating and that are also paying 5-6% dividends. Didn't cost me a dime! I can't lose!<br /><br />Disclaimer: No stocks actually meet that criteria!Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-56374965251072247772012-10-12T01:24:03.358-07:002012-10-12T01:24:03.358-07:00As for long-term growth, I do think the rent-drag ...As for long-term growth, I do think the rent-drag from our energy deficit is really taxing us, growth-wise.<br /><br />That train got going in the 1970s, though <a href="http://www.census.gov/foreign-trade/top/dst/current/deficit.html" rel="nofollow">http://www.census.gov/foreign-trade/top/dst/current/deficit.html</a> shows that our deficit with KSA is an order of magnitude less than with the red chinese.<br /><br />August had a ~$40B deficit. Bernanke is printing $40B month now.<br /><br />Coincidence? We need a weak dollar I guess, but it's going to suck for many as we start losing the $500B+ free ride we've been getting.Troynoreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-36579472418570046082012-10-12T01:09:33.938-07:002012-10-12T01:09:33.938-07:00Math problem for California.
CalPERS had $233 bil...Math problem for California.<br /><br />CalPERS had $233 billion under management at the close of FY12. It reported earnings of 1% on this holding, compared to the 7.5% target it needs to fully fund the future pensions of its 1.6 million beneficiaries.<br /><br />How much should the taxpayers of California be taxed this year to make up this $15B shortfall?<br /><br />a) $15B<br />b) $10B<br />c) $5B<br />d) F--- these guys!<br /><br />EXTRA CREDIT: CalSTRS earned 1.8% on its $150B holdings. How much should the California taxpayer be taxed this year to make up that $8.5B interest income shortfall?<br /><br />EXTRA EXTRA CREDIT: The $23.5B FY12 shortfall is what % of the per-capita personal income in California ($1.7T)?<br /><br />(answer: 1.3%)<br /><br />What gets me about CalPERS is that the only part of its book that is doing good is real estate. Talk about robbing Peter to pay Paul!Troynoreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-31901196189487395912012-10-12T00:06:59.596-07:002012-10-12T00:06:59.596-07:00:-) This evening I was talked briefly with my ~60 ...:-) This evening I was talked briefly with my ~60 y.o. Dad. And I quote, "I don't need a bunch of risk. I'm happy with 5-6% dividends." Um...<br /><br />How about we draw straws for who has to break it to him?AllanFnoreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-3585612298121231032012-10-11T22:48:08.837-07:002012-10-11T22:48:08.837-07:00“Reducing the rate … to 8% is a prudent move that ...<i>“Reducing the rate … to 8% is a prudent move that balanced reality with the needs of TRS members.”</i><br /><br />You take reality on the one side and then you perfectly balance it with the needs. Just compromise that reality!<br /><br />I'm picturing what math classes would be like using this logic.<br /><br />Pop quiz!!<br /><br />I have 4 beans. If I give you 3 beans but then realize that you need another 3 beans then how many beans will you have?<br /><br />5 beans! We simply compromise the reality between how many beans I have and how many you need!<br /><br />Genius!Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.com