Via: marketwatch.com comment: LINK BELOW is a MUST WATCH . . .
Spoof GM Commercial Claims They Repaid Loan
Reply
Category Archives: finances
Financial Shenanigans: the Repo 105
Good Math, Bad Math: Financial Shenanigans: the Repo 105
So that’s the scam. Yes, it’s a bit complicated. Or actually, it’s very complicated. But the basic concept is really simple: you temporarily get rid of something that would appear as a debt, by pretending to sell it at a loss
Roubini: “In A Few Days Time, There Might Not Be A Eurozone For Us To Discuss”
yahoo.com: Roubini: “In A Few Days Time, There Might Not Be A Eurozone For Us To Discuss”
Nouriel, of course, takes that kind of thinking to its logical conclusion, and kicked off the panel by announcing that it was just in time: “in a few days,” he said, “there might not be a eurozone for us to discuss.” There’s no way that Greece can implement the 10% spending cut it needs to do in order to stop its debt spiralling out of control at current interest rates — and even if it did, the economic effects would be disastrous.
And guess what: Spain is worse than Greece, says Roubini. Ugh.
Goldman’s Fabrice Tourre: Much more than a faceless math whiz
theglobeandmail.com: Goldman’s Fabrice Tourre: Much more than a faceless math whiz
Fabrice Tourre has led a life most mathematicians can only dream about – ski trips to fancy resorts, a $2-million annual salary and at least a couple of girlfriends in exotic European cities.
In one e-mail sent to a girlfriend in January, 2007, he lamented that he had to “mentor others, in view of the fact that I am now considered a ‘dinosaur’ … I feel like I’m losing my mind and I’m only 28!!! OK, I’ve decided two more years of work and I’m retiring.”
Liberte 30! C’est mieux que mon but de liberte 35! Ca sera peut-etre Prison 30 😉
Healthcare Costs Around the World
PIGS: CDS Pricing Shows the Default Risk Clearly
PIGS: CDS Pricing Shows the Default Risk Clearly
Amazing how the cost has spiked even higher than the worst we saw at the pinnacle of disaster in late 2008. CDS pricing to insure against default on the sovereign debt of the PIGS are skyrocketing.
Market timing at heart of class action
Market timing at heart of class action
“When they pulled money out, the fund companies had to pay them [market timers] because they had made a technical profit even though the money had not gone to work in the underlying shares of the funds.”
Une autre bonne raison d’eviter les fonds geres activement. En plus d’avoir au Canada les frais de gestion des plus eleves au monde et que, par consequent, le rendement de la majorite des fonds ne bat pas le retour des fonds indiciels, il faut que des investisseurs soutirent de l’argent au detriment de la majorite. Fantastique.
New Data on TFSA vs RRSP and Canada’s Rube Goldberg Tax System
Canadian Financial DIY: New Data on TFSA vs RRSP and Canada’s Rube Goldberg Tax System
The table they show for an Ontario taxpayer has no less than 33 income levels at which tax rates either go up or down.
Break that contract, expect jolt of financial pain
thestar.com: Break that contract, expect jolt of financial pain
Bon article sur les frais pour briser certains contrats. Voici quelques situations illustrees:
Natasha and Brian sold their home halfway through a seven-year term, only to be charged a $46,000 penalty on their $530,000 mortgage with a major bank.
Colin Lewis, a retiree, found TD Canada Trust charging $150 to transfer three RRSPs to a dealer that offered a better interest rate.
“We felt sick after receiving a bill for $1,300-plus in cancellation fees for gas and hydro,” says first-time homeowner Greg Bago, who agreed to a deal with Summitt Energy (and was released without penalty when the Star intervened).
Canadian Couch Potato Blog
Un nouveau blog faisant la promotion d’investissement passif, i.e. suivre les indices des marches avec des produits minimisant les couts. Apres beaucoup de temps a lire sur le web et dans certains livres, je suis totalement en accord avec cette facon d’investir qui va totalement a l’encontre de ce que les soit disant conseillers financiers vous proposent comme fonds communs de placement. Une bonne partie des enormes frais que vous payez vont dans leurs poches apres tout!
La premiere serie de posts porte sur l’investissement passif, sans malheureusement rentrer dans les details. Mais il faut dire que le blog est tout neuf. Voici un lien vers le premier post et un autre sur la serie Couch Potato Basics.
Via: canadiancapitalist.com: This and That: Interest rates, Couch potato blog and more…