sfsamperi.blogspot.com

You have to survive

You have to survive
Every day is a battle, survival is rule #1

Friday, April 29, 2016

Icahn and Latin America

Is Icahn an icon?

He is beating the sell off drum.  There will probably be a sell off.  Equities have been sitting just below all time highs for a while now.  Pretty boring.  If there is a drop, my dfemx should move lower so i can buy at better prices. 

Puerto Rico is about to default on bond payments.  Cuba is slowly opening up to American tourists.  Venezuela is in a energy crisis/monetary crisis/ depression.  Another routine deadly explosion at a Pemex location in Mexico killed over 30 people.  More shootouts in the street in Guerrero, Mexico.  Several hundred people died from an earthquake in Ecuador a couple weeks ago.  I will be relaxing in Quintana Roo, Mexico soon.  Hispanic cultures are bad at economics but they happen to live near some wonderful environments.

Thursday, April 21, 2016

Funny

UC Berkeley Touts $15 Minimum Wage Law, Then Fires Hundreds Of Workers After It Passes
UC Berkeley announced that it was laying off 500 employees just a week after California Gov. Jerry Brown approved a $15 minimum wage.

And

By Serajul Quadir

DHAKA (Reuters) - Bangladesh's central bank was vulnerable to hackers because it did not have a firewall and used second-hand, $10 switches to network computers connected to the SWIFT global payment network, an investigator into one of the world's biggest cyber heists said.

The shortcomings made it easier for hackers to break into the Bangladesh Bank system earlier this year and attempt to siphon off nearly $1 billion using the bank's SWIFT credentials

Wednesday, April 20, 2016

People never change


By
Megan McArdle

Why can so few people seem to save any money? The number of people scraping along from paycheck to paycheck is astonishing; surveys routinely find that somewhere between a third and half of all Americans don’t have the savings to fund ordinary emergencies -- a moderately large repair, a month with no income. These are not the kind of astonishing runs of bad luck that no one could realistically expect to cover, like a $100,000 medical bill, or a multi-year illness that makes it impossible to work. They’re just the normal vicissitudes of regular life, and somehow, Americans are unprepared.

So, if i bet on people being immature, foolish and bad with their money, i will win.  Its not everyone, but more than enough.  It also dedcribes human beings, not just americans.  Who knows what kind of market crash is coming but we sure are ripe for one.  Before the last crash Hummers were popular, now its Jeep.

Thursday, April 14, 2016

Brexit

The EU started out as not even a half-hearted attempt to make the continent one big, efficient nation.

If Britain leaves it wont impact the world that much.  Their economy would shrink a little immediately, followed by expansion. The question is whether all that would be better than the so-so expansion they can expect with the EU.

In the long run, i dont think it matters if brexit happens or not.  The real problem is how pathetic the EU plan has been executed.  Its almost as bad as Russia's transition to capitalism.  Eventually, maybe when im old, the continent will be one big nation.  The fact that countries occasionally consider leaving means there is little patriotism towards being in the EU.  It doesnt feel natural to the people.  A state in the US has not considered leaving our union in about 150 years and that was mainly due to british instigation. The us has every state represented in the government and federal laws are pretty uniform.  Europeans dont want to be one big country yet.  They just want a better deal.  They do not understand how truly joining together is better.  It will take a couple generations before random europeans grow up considering themselves European first, and german or italian second.  There is no real pride yet, just a deal that kinda sounds better, hopefully, maybe.

Eventually random Scandinavians and poles will tell people they live in the EU and the state they grew up in was norway, poland or Romania.  That is when there economy will be doing well.  It will be awhile.  For now, Britain should do whatever helps them sleep at night. 

Wednesday, April 13, 2016

Villifying Wall Street again

Wall Street Pay Has More Than Doubled in the Past 25 Years but No One Else Can Say the Same

That pay gap has helped fueled the “angry votes” in support of the more extreme presidential candidates on either side of the aisle during this election cycle: Bernie Sanders and Donald Trump.

Lucinda Shen

Lets hate on fat cat bankers again.  The more ignorant, short term voters Lucinda is referring to hate anyone with success.  We arent communists, so how can anyone argue over pay gaps between different industries and functions?  Money should only be taken away if crime is involved.  But if someone wants someone elses wealth because they feel entitled to it, then they should be ignored.  They are immature, ignorant and materialistic.  And if they are against the finance industry in general, then they should move to Venezuela, Cuba, North Korea or some other extreme left wing nation with pathetic quality of life.

Tuesday, April 12, 2016

Another reason for US being propped up

Direct investment by China in the U.S. is on track to hit a record $30 billion in 2016, according to research firm Rhodium Group and the National Committee on U.S.-China Relations, which works to promote closer ties between the countries.

That's double last year's record $15 billion investment.

There are few signs that investment will slow as China works to increase its exposure to higher-income countries and counteract an economic slowdown at home.

All that money coming in is great but it cant last.  Our stock market is going sideways.  Something is still preventing a selloff.  Its becoming a boring market top.