Cool, so the fed is going to raise rates right as I pay off my student loans and start looking to buy a house.
Federal Reserve policymakers on Wednesday kept the central bank’s benchmark short-term interest rate near zero, opting against the first increase since 2006 after determining the economy still isn’t strong enough to handle it. Fed officials sharply downgraded their economic forecast for this year. They projected the economy would grow between 1.8% and 2% this year, well below the range of 2.3% to 2.7% in its last forecast in March. Given the slow start to the year, and inflation that remains low because of the decline in oil prices, many analysts had expected the Fed would not raise rates until at least September. Some economists have said they don’t think the Fed will raise the rate until next year. -- glad i went variable on my student loan refi. 3.8% bitch!
Went variable a year ago and it's paying off. Scheduled to be done next September so, at this point, even a big hike won't affect me all that much. Still gonna hit me right in the mortgage though.
hmm, greece likely to be ok but lol raising corporate and the VAT... gonna have a shit ton of growth because of that -- Pensions The plan includes a restriction on early-retirement options from this year, saving €60m this year and €30m next year. The measure will accelerate a clampdown that was previously going to be phased in over several years. An increase in pension contributions will raise €350m this year and €800m next year, while a higher health contribution from retirees will raise €135m this year and €510m in 2016. Tax A rise in VAT will generate €380m this year and €1.3bn in 2016. Income tax rates remain intact, but a solidarity supplement on top of the main rate that was brought in after the crash is to rise, raising €220m this year. Corporations are to be clobbered with a surcharge of 12% on profits above €500,000. Corporation tax also rises to 29% next year from 26%, raising €410m.
Good move. I use TradeKing. One of the cheapest costs per trade out there. For the avg investor (90% of us), I don't see why you'd need anything else.
Keep in mind that ticket prices and basically every cost associated with making movies have skyrocketed as well.
Oh for sure, but even with all that I'd still be shocked if they don't get a boost. The only potential "gotcha" I see is that previous years may have had more mid range movies that added to the total, whereas 2015 is setting up to be top heavy with blockbusters. I would still guess (not based in any actual data) that blockbusters drive better sales for theaters. Those bring kids and merchandising and with those come big concessions purchases. Ps, AMC is back up to where I bought now and I also just remembered it's currently sporting a 2.6% dividend as those posted today.
they are fairly far off, especially on their fucked up entitlements Greek crisis: deal unravels both sides reject reform measures before crunch finance ministers meeting VAT Greece: 0.74pc in tax rises from 2016, with some end to exemptions of highest 23pc band Creditors: 1pc of GDP, with an elimination of all exemptions for highest 23pc band Defence cuts Greece: €200m in cuts in 2016 Creditors: €400m in cuts in 2016 Pensions Greece: 0.4pc in cuts, through early retirement reforms from 2016; increases in social security contribution. Healthcare contributions at 4pc. Gradual phasing out of supplementary pensions for the poorest Creditors: 1pc in cuts. Early retirement plans to be enforced as of July 1. Total and immediate phasing out of supplementary pensions. Healthcare contributions rise to 6pc Corporate taxes Greece: special 29pc rate on corporate profits, and special levy of 12pc for earnings over €0.5m Creditors: corporate tax rate to be reduced to 28pc.
i cannot fathom a VAT in America. ever. fucking europe. and remember, all those reforms listed above have to be voted on by greece's batshit crazy parliament greece's GDP is shit. with 2x the amount of people of ALABAMA their gdp is only slightly above it and barely half the same per capita GDP i say that to say a few billion here and there is an incredibly large number for a state like Alabama and by extension Greece
Multi-family? Have 25% for downpayment. Maybe 20% if you're lucky. Or you can move there and do as low as 3% FHA. What are your questions?
Euro-area finance ministers rejected Greece’s request for a one-month extension of its aid program, which expires Tuesday, shutting down any last chance for a financial stopgap until the referendum is held. After withdrawing more than 30 billion euros as the anti-austerity Coalition of the Radical Left, or Syriza, took power, depositors are now reacting to the latest twist in the five-month standoff with European leaders and creditors. One banker said 110 million euros had been withdrawn from his institution as of 11:30 a.m. Athens time on Saturday.
@YanniKouts 24m24 minutes ago €1bn withdrawn from #Greece's ATMs today. Almost 1% of the whole Greek deposit base!
It was more or less impossible for Greek banks to open tomorrow, once the European Central Bank announced it was turning off emergency lending to them. Because in the absence of any increase in this so called Emergency Liquidity Assistance, the banks had no way to supply cash to Greek depositors who have been anxiously withdrawing their savings. And, to state the obvious, banks that run out of cash are kaput. So for banks to re-open, restrictions - known as capital controls - have to be put in place on the amount depositors can take out. When these restrictions are announced, Greece will be half a step nearer to exit from the euro - since a core rule of the eurozone is that there should be no restrictions on the movement of money or capital. Euro exit not inevitable But tumbling out of the euro would not be inevitable - as Cyprus shows: the Cypriot government introduced limits on how much cash could be taken out of banks in 2013, and has since taken steps to mend its finances while remaining in the euro. The temporary closure of banks in Greece, and the expected introduction of capital controls, is however very bad news for Greece: Greek people will have less money to spend and business less to invest; so an already weak economy will probably return to deep recession. As for the impact on the rest of the eurozone, corporate treasurers and wealthy individuals will wake up on Monday wondering if their money is safe in the banks of other weaker eurozone economies. So in the coming weeks and months, capital may seep out of the likes of Portugal, Spain and Italy - at potentially significant long term cost to those economies.
Anyone with any thoughts on the China stock bubble? The stories I've read scream insane bubble and I just bought some puts in an ETF but thinking of dropping a few grand into another: YANG, a triple short ETF.
TVIX; I'm gonna be watching the news like a hawk the rest of the week, as it can have huge price swings. But based on how the Euros keep shouting at each other and Greece isn't paying tomorrow, it should be an interesting week.
Interesting that the market opened up today ... maybe an opportunity to double down on your VIX stuff, with the Valaryian Doom that is Puerto Rico on the horizon ...
Almost all my stuff is in indexes and they're all killing me. My only good investment since I started moving money into the market at the beginning of this year has been TSLA.
Lol. Of my non-retirement investments: 45% cash, 39% hedge fund, 5% Bonds, 4% Large Cap, 3% Small Cap, 3% International
This is my first year investing myself because all my retirement went to my pension. Wish robinhood had existed years ago so I could have capitalized on all that growth. Feels like I'm starting at the worst time.
your entrance today will have little impact on your growth over the next 30 years IMO. stay disciplined, investing is a long term proposition ...
WSJ article I'm reading makes it seem PR is pretty close to a restructuring deal for their power authority. still fucked probably but buying some time at least ...