Global Economy Bursting?

[rrwolfpack]

There is a student loan bubble that expands everyday. What is it now $1 trillion and counting? Loans are still being given out like pre-housing crisis but it is on a smaller scale. With so many different ways to get a student loan who knows what is that number. It's not like higher education is getting cheaper.

 

[Restrain]

Bouncing Bereneke has announced that the Fed will continue to buy and buy, pumping money into the economy until unemployment hits 6.5%. He is confident he can watch inflation, keeping it under control. Yeah. So did Jimmy Carter.

 

[Terrel L. Shields]

Guest on Kathleen Hays is saying gold will hit $2400 by end of 2013 because "nations are printing money like mad..."

 

[Randolph Kinney]

Socialists Denounce Gérard Depardieu for Leaving France

http://www.nytimes.com/2012/12/13/w...-called-pathetic-for-leaving-france.html?_r=0

PARIS — Gérard Depardieu, one of France’s best-known actors, has been accused by the country’s Socialist government of lacking patriotism after he moved to Belgium apparently in a bid to avoid the taxes for which France is also renowned.

Mr. Depardieu’s departure for Néchin, a village just over the border, has drawn mockery and outrage from politicians and the news media at a time of economic belt-tightening, stagnating growth and rising taxes.

 

[rrwolfpack]

I disagree with that price target on gold for next year. The last time gold went parabolic was during the S&P downgrade. The target is 700 points or 41% gain. That is unrealistic and markets around the globe would have to crater plus global money printing. It's an unlikely scenario but gold bugs love their projections for the shiny metal.

 

[Terrel L. Shields]

gold bugs love their projections for the shiny metal.

and, they ain't been wrong for 10 years...but the past does not predict the future.

Mr. Depardieu’s departure ... has drawn mockery and outrage

For half his money, I'd ignore the outrage and maybe he's just a big fan of Belgium chocolates

 

[Riick]

Socialists Denounce Gérard Depardieu for Leaving France
Depardieu says it was John Gault who told him to do it
-- "...for the Sacred Honor of France!"

.

 

[Terrel L. Shields]

Depardieu says it was John Gault who told him to do it
-- "...for the Sacred Honor of France!"

I like that.

 

[Randolph Kinney]

You Might Owe Income Tax To California And Not Even Know It

http://www.forbes.com/sites/toddgan...ncome-tax-to-california-and-not-even-know-it/

Consider a guy – let’s call him Howard – who runs a small business in New Jersey. It is a third generation business that specializes in draperies and window furnishings. His son explores having an online store hosted by Amazon or E-Bay. Sales skyrocket. Orders start flowing in. Life is great.

Now, Howard and his son understand that even though they have no presence in California, the State expects his firm (or the online host) to charge California sales tax and submit it to its Board of Equalization. They do so. But, unbeknownst to Howard and his son, their company might well owe income tax to California as well.

It seems, though, California amended its definition of “doing business in the State.” Revenue and Taxation Code section 23101, which defines “doing business in the State” for tax purposes, used to read that a business needed to have a physical presence in the State. Now, it states that a company is doing business in the State and thus subject to a range of California taxes if the company merely receives California-sourced revenues.

 

[Randolph Kinney]

Report calls California 'judicial hellhole'

http://www.bizjournals.com/sacramen...2/12/report-california-judicial-hellhole.html