Rick sta wrote:
Freckle- What the heck is going on with the silver spot price? Can you see Ishares dumping big time and sub $20 prices? I'm waiting to pounce but these guys are making me nervous!

FED's talking up it's wind back of QE but the realists out there don't believe it. The markets of course do the opposite even though all news is…[Read more]

touch107fm wrote:

So if you where in our shoes what would you do.

Perth market is a little warm at the moment with the odd hotspot but that's about to come to a screaming halt.

Resource wind down is happening much faster than many realise. By the end of this month we're going over a resource cliff. There are already a number of major…[Read more]

Japan holds the largest pool of USD foreign currency reserves. That enables it to exert some control over it own currency relative to others.

Russia making public its intention to see the USD reserve status dismantled was a clear indication of their frustration with US control and influence in international markets. It's not new but a public…[Read more]

Bankruptcy update.

The Latest Bankruptcy Filing Statistics for March 2013

Within the top four circuit courts, the following districts had the most filings:

Central District of California (97,062 filings)

Northern District of Illinois (56,788 filings)

Middle District of Florida (44,589 filings)

Eastern District of Michigan (35,753…[Read more]

Jeez you guys go on about this stuff like it just saved the world. This stuff is an every day occurrence. 

Hertz is a service company that bought out another service company and will consolidate the two for business synergies. That means the total jobs will decrease across the board as efficiencies are implemented between the two. It's not a gain…[Read more]

zmagen wrote:

Freckle wrote:
…That makes so much sense now you've clarified that for me…

no, you're right, it's all the evil Russians and braillizans' fault. How could I have been so blind. Come on, man, you used to do better than that.

Now you're mismatching my quotes. My quote (above) was in reference to JGB's but you've aligned…[Read more]

Hertz Announces Corporate Headquarters Relocation

Dollar Thrifty is currently headquartered in Tulsa, Oklahoma. Consolidating the corporate offices to one location will allow for increased efficiencies and cost synergies across the company.

Starting this year, up to 700 jobs will be relocated to Florida over a two-year period. More than 2,000…[Read more]

— The legality of rights among family members is complicated and multiple heirs are involved.
— The heirs live far away and do not have a good understanding of how to maintain vacant houses.
— The heirs cannot afford to maintain the house.

When I read that I almost choked on my chips. You actually believe that rubbish. Property has so little…[Read more]

ROFL….

Japan’s Vacant And Abandoned Houses: Visions of Detroit 

The Ministry of Internal Affairs and Communications surveys vacant houses every five years, splitting them into two categories: houses that could be rented, sold, or used as secondary houses; and abandoned houses. Over the fifteen years from 1993 to 2008, according to the most…[Read more]

I missed this post a while back.

Anyway I'm not sure why everyone's getting excited about this deal. Hertz are going to shift up to 700 jobs from Jersey over 2 years. 700 jobs in the scheme of things is absolutely tiny. My guess is that reality won't see 700 jobs materialise but it sure sounds good for the mayor and an MSM feel good story. Hertz…[Read more]

It's your typical gold rush story. Fast boom and even faster bust. You'll get 30% for the briefest of times. Just like in the gold rush days it's the guy selling picks and shovels that make the real coin not the gold digger.

A flood always reveals the high ground. Everything that can moves to the high ground for survival. At first it appears the high ground is an opportunity but unless it can support itself it soon becomes evident that this island could simply be a trap.

Florida will look good for a while until it doesn't. 

Just to screw with your head places like inner Sydney can be that exception. Geologically it sits on a sandstone base with a clay overlay in parts. Many of the inlets and bays are sandstone which makes them extremely stable but expensive to build on. So combined with stable land and lots of water access with views the assumptions have to change.…[Read more]

There are exceptions to the rule but in general you buy on the hill for status and view. Don't misconstrue that for lifestyle because managing and caring for a hillside property is a bitch and expensive. Subies will charge 3 – 5 times normal because of access and safety issues. Hill side construction is multiples higher than flat land properties…[Read more]

Citizen wrote:
Thoughts? Should we just walk away?

Yep. There's never a guarantee that site re-engineering will solve a problem indefinitely. Hillside properties (especially steep ones) with existing problems are potential bankruptcies in the making.

You need to go to the enth degree with DD when it comes to hillside properties.

god_of_money wrote:

Accumulating Blue chip shares from 2009-2010, now sitting 10+% fully frank dividend and growing

Unfortunately that could all change in the blink of an eye. I see the FED has leaked it's intentions to the WSJ on a QE windback attempt. That's going to make markets edgy and a whole lot more volatile. Currencies will also…[Read more]

I take your son is likely to be on a disability pension. There could be an opportunity for govt accommodation subsidies. You could also look at a share flat situation and rent the other bedrooms to people in similar situations. The property may require some upgrades to meet regulations (fire alarms etc)

You might also be able to move the house…[Read more]

Graphics say it all really. .25% is like using a cup to bail out a sinking boat when you need much bigger pump. 

Use this link Ziv

https://docs.google.com/spreadsheet/ccc?key=0Ag10nVvomrvSdERRMmVqTEZfMzdqWHZkMU42UENMLWc&usp=sharing

Go to Filedownload as.. to download a file version that suits your system or play with it in Google Docs