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Posted by ipso facto @ 22:31 on July 9, 2015  

10 Very Strange Things That Have Happened In Just The Past Few Weeks

http://www.zerohedge.com/news/2015-07-09/10-very-strange-things-have-happened-just-past-few-weeks

Floridagold @ 20:42

Posted by ipso facto @ 22:26 on July 9, 2015  

Thank Goodness! Now maybe that double boot on our neck will ease off.

I don’t really know but it’s likely the cretins have a big load of short positions now plus they have lured the hedgies into being short too … a perfect time for a rally. Or is it ravings?

ripple

Posted by treefrog @ 21:36 on July 9, 2015  

http://mashable.com/2015/07/05/grateful-dead-ripple/

 

https://www.google.com/search?q=lyrics+ripple&ie=utf-8&oe=utf-8

floridagold — ahhh thank you for the good news

Posted by WANKA @ 21:13 on July 9, 2015  

give my regards to Greece. I can now sleep tight knowing we will not meet that certain fate worse then the fate we would have met if the world was not saved from that terrible fate. this is such a relief! :mrgreen: best good bud. wj

the World is saved

Posted by Floridagold @ 20:42 on July 9, 2015  

Greece eyes tax hikes, spending cuts, pension reforms to clinch 53.5 billion euro bailout

3 minutes ago

By ASSOCIATED PRESS

(AP:BRUSSELS) BRUSSELS (AP) — Greece has submitted a 13-page set of proposals to its European creditors that is intended to act as a foundation to free up a new three-year, 53.5-billion euro bailout package to save the nation from bankruptcy. Here are the main points of the package that the Greek parliament will debate Friday.

__

BUDGET TARGETS:

The Greek government is pledging to stick to primary surplus targets — meaning that the government is earning more in taxes than it is spending — of 1 percent this year, 2 percent in 2016, 3 and 3.5 percent in 2017 and 2018 respectively.

___

SALES TAX REFORM:

The proposals include a slew of tax hikes including a 23 percent value added tax on restaurants and catering, a reduced 13 percent tax on basic foodstuffs, energy hotels and water and a so-called “super reduced” rate of 6 percent on such things as pharmaceuticals, books and theater — perhaps appropriate for a country that pioneered drama. The new tax levels will kick into gear this October.

Moreover, special tax breaks for the country’s islands — popular tourist magnets — will be scrapped. Only the most remote islands will get to keep the coveted tax breaks.

___

FISCAL REFORM:

Military spending will be slashed by 100 million euros this year and double that in 2016. Corporate tax will increase from 26 to 28 percent and farmers will lose preferential tax treatment and fuel subsidies. The government will enact a clamp-down on tax dodgers. The country’s huge shipping industry will also see a tonnage tax hike and the industry’s preferential tax treatments will be phased out. A luxury tax will be extended to cover recreational vessels over five meters (16.4 feet) and the rate will jump from 10 to 13 percent.

___

PENSION REFORM:

The government is looking at reforms that would bring permanent savings of ¼-½ percent of gross domestic product in 2015 and 1 percent of GDP in 2016 and beyond. Measures aimed at achieving those numbers include discouraging early retirement and standardizing the retirement age to 67 by 2022 — except for those performing “arduous jobs” and mothers raising kids with a disability.

Social pensions will be better targeted, while supplementary pension funds will be financed by employees’ own contributions. Perks such as a solidarity fund will be gradually phased out and health contributions for pensioners will jump from 4 to 6 percent on average. More reforms will kick in to make the pension system more sustainable, including an overhaul of pension contributions for all self-employed.

Authorities will also vet reforms to make sure that they’re fair.

___

PUBLIC SECTOR REFORM:

Authorities will shape up public sector wages to ensure that they’re on a downward trajectory by 2019 and that they fit “the skill, performance and responsibility” of staff. Perks such as paid leave and travel allowances will be streamlined to conform with EU norms. A plan to make it easier to reassign public sector workers to different posts wherever they’re needed will also be introduced. A new strategic plan to fight corruption will be drawn up by the end of this month while new laws will make political party finances more transparent and protect financial crime investigations from political interference.

___

TAX ADMINSTRATION:

The government will set up an autonomous tax revenue agency and enact reforms streamline tax collection, track down tax cheats and combat fuel smuggling.

___

FINANCIAL SECTOR:

Amendments on insolvency laws will aim to get debtors to pay up loans, while consultants will help on how to deal with bad loans. Steps will also be taken get foreign investors to pour their money into Greek banks.

___

PRODUCT MARKET:

The government will open restricted professions such as engineers, notaries and court bailiffs. It will draw up laws aimed at getting rid of red tape and making it easier to get business licenses, while reforming the gas market.

___

PRIVATIZATIONS:

The government will look at selling off state assets and will get the ball rolling on privatizing the electricity grid company, regional airports and ports including Pireaus and Thessaloniki.

treefrog

Posted by Maddog @ 20:04 on July 9, 2015  

Mny, mny tks I will.

Contrarians say China could have a 29% rally

Posted by Richard640 @ 19:58 on July 9, 2015  

CHAPEL HILL, N.C. (MarketWatch) — Rarely are investors served up as ideal a buying opportunity as currently provided by the Chinese stock market.

That’s because the Shanghai Composite Index SHCOMP, +5.76% has fallen so much in such a short period of time: 32.1% since June 12, or 17 trading sessions. That means a prospective rally becomes an attractive contrarian bet. And even though a rebound might be only a dead-cat bounce, it still could be substantial.

Maybe you’re not comfortable buying into a market that seems destined to fall even further. Whoever said it’s easy to buy when blood is running in the streets, as that famous contrarian Nathan Rothschild once said?

http://www.marketwatch.com/story/contrarians-say-chinese-stocks-could-rally-29-in-three-months-2015-07-09?dist=tbeforebell

Wanna make real money?

Posted by Richard640 @ 19:30 on July 9, 2015  

Time to buy stocks with both hands-just put your money into one of the fidelity stock index funds-and just sit back

and watch it grow—all the fuss over greece and debt!! what a joke!! u.s stocks were down what? 5%-6%?? way too many calls for the end of the world

U.S. stock futures and euro futures are up big—the crisis is over! Forget PMs-just get your fidelity funds in the morning.

we’ve seen this movie for the past 7 years-why should this time be any different?-faith in central bankers is solid…too bad Zero Hedge…better luck next time…

Moggy @ 16:18

Posted by ipso facto @ 19:30 on July 9, 2015  

… and hang proudly too!

moggy

Posted by WANKA @ 19:10 on July 9, 2015  

thats a super keeper…. toon1c wj

Wanka

Posted by Moggy @ 18:56 on July 9, 2015  

 

Rebel Don't Tread on Me Flag 3 X 5 ft. Standard

moggy ps: i dare the pc’ers to try to ban this one….

Posted by WANKA @ 18:51 on July 9, 2015  

50stpx-Gadsden_flag_svg wj

moggy i keep reading various stories

Posted by WANKA @ 18:48 on July 9, 2015  

that come across my puter and the battle flag battle keeps popping up here and there. this on or that on ‘banning’ the flag or statue or etc etc etc and I think here these idiots are trying to rewrite history by an out of sight out of mind method and I say to myself ….self how in the hell did this once fine country sink to these depths of depravity when people conflate a flag as offensive with _____________ enter any pc cause or adjective verb or noun desired and then call it a higher order of awareness expressing their ‘tolerance’ by being intolerant?
but but but I’m just ‘offended’ I am! :mrgreen: cheers wj

Wanka

Posted by Moggy @ 17:44 on July 9, 2015  

Here’s to the pc crowd:

Wanka

Posted by Moggy @ 17:42 on July 9, 2015  

That’s a great looking flag but I’m kind of partial to the battle flag standing alone…it makes such a statement, lol.

moggy here is the confederate flag to fly

Posted by WANKA @ 17:18 on July 9, 2015  

with your battle flag next to it. best wj

50states'
pisses off the pc crowd! :mrgreen: grrrrrrr

They use what is known as duality.

Posted by commish @ 17:02 on July 9, 2015  

Duality is opposite of reality.

 

Ipso @ 10:41…Flags

Posted by Moggy @ 16:18 on July 9, 2015  

This one will hang from my deck as soon as it arrives:

 

 

Talk on Bloomberg radio today-these are the “summer squalls” say the “Titans” of Wall St, like Leon Cooperman

Posted by Richard640 @ 16:17 on July 9, 2015  

the “macro” in the U.S> is in great shape-they are praying for a 10% correction–their buy lists are ready…

Incredibly, they may be right–it’s worked for the past 7 yrs–we’ve seen the blackest gloom just end and overnight U.S. stocks are the most bullish vehicle in the world–they are a pouring of diamonds and rubies…Nay!! Better even! And the blind panic to buy….quickly recoups all the losses….

USLV up nicely-ditto SLV–but “bullish divergences” are meaningless in the PM mkt

Posted by Richard640 @ 16:11 on July 9, 2015  

VelocityShares 3x Long Silver ETN (USLV)

15.29 Up  96 ( +6.70%) 3:59PM EDT

SLW is down

maddog

Posted by treefrog @ 15:54 on July 9, 2015  

suggest to your mate that he cook it up as cookies or fudge.  the effect is more long-lasting when eaten as opposed to smoked.

granolistan drought relief?

Posted by treefrog @ 15:19 on July 9, 2015  

http://www.news10.net/story/weather/2015/07/09/el-nino-weather-flooding-1997-satellite-images/29899151/

R640

Posted by Maddog @ 13:39 on July 9, 2015  

Re Big Pharma

A mate has hurt his back skiing and is now in near constant pain, he is an ex dentist so is well aware of most pain killers, he has yet to find one that does the job…..so tried marijuana, that gives him upto 2 hrs relief…not enough to sleep, but at least he gets some relief.

Big Pharma have a lot to answer for.

Re Silver calls…it may not be buyers, it could the shorts pileing on via options and no doubt not bothering to delta hedge anything.

and then there is this!

Posted by WANKA @ 13:38 on July 9, 2015  

wj

food…

Posted by WANKA @ 12:17 on July 9, 2015  

THE FOUNDATION

“No political truth is certainly of greater intrinsic value, or is stamped with the authority of more enlightened patrons of liberty than that on which the objection is founded. The accumulation of all powers, legislative, executive, and judiciary, in the same hands, whether of one, a few, or many, and whether hereditary, self-appointed, or elective, may justly be pronounced the very definition of tyranny.” —James Madison, Federalist No. 47, 1788

wj

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.