Usually if the property is part of a strata then the water rates get sent to the owner each quarter to pay and the usage for the whole complex is paid by the strata. So in this type of situation your tenant would not have to pay any water usage. If for some reason, as you mentioned, your unit, although part of a strata complex, is individually metered and you receive a water bill for both water rates and water usage, then the tenant would be liable to pay the water usage portion. This can usually be arranged by either giving the tenant a copy of the water bill with the amount of usage payable, or organising with the water company to separately sending the tenant the usage part of the bill. As you had a real estate agent (managing agent) looking after your property at the time when the water usage was not being paid by the tenant, it would have been their responsibility to either recoup this money from the tenant or organise with the water compony to send the usage part of the bill to the tenants. That is part of the service you were paying them for. You may need to check with Fair Trading in your state to find out who you should be going after for this money, the tenant or the real estate agent. In NSW you have 6 months after the lease has ended to take the tenants to tribunal to recoup owing money, I don't know how long it is after end your agreement with the real estate agent to pursue them.  The case may be that you start with the tenant and if that doesn't work then try with the real estate agent. Of course you may want to contact your old tenants first to see if they are reasonable and agree to back pay the water usage (after you showing them copies of the water bills). The tribunal will ask if you have tried to mediate the matter first anyway. Then there is the matter of how much the water usage amounts to and whether it is worth chasing both the tenants and the real estate agent, paying the tribunal application fees and taking time off work to attend the tribunal.


I've never insulted or called you names, unlike you have done repeatedly.  I'm really struggling to find your angle here.  > You're actually quite naive, you're not going to beat the standard deduction with mortgage interest deductions unless you have an expensive house.  > so no need to get your panties bunched up.


My account is with Indian Bank, if that's relevant. Indian Bank already has SWIFT BIC. Is there any way I can receive such international transfers in my account if the bank branch itself is not SWIFT enabled? The Branch need not be SWIFT enabled. However the Bank needs to be SWIFT enabled. Indian Bank is SWIFT enabled and has several Correspondent Banks in US. See this link on Indian Bank Website Select USD as filter in bottom page. It will list quite a few Banks that are correspondent to the Indian Bank. Click on the Link and it will give you more details. For example with Citi Bank as Correspondent. In the Beneficiary account details fill in your account details etc and send this to the company and they should be able to send you a payment based on this.


The point of the people who criticize QE is that it slows the recovery by propping up zombi business and that it switches the burden of the mistakes, which is unfair, but even from a pure economic point of view it keeps bad managers and investors in place and creates moral hazard.


Went there a year or so ago.  It's a nice place to go because of cheap tickets and short lines, but the park is so much smaller than its competitors.  There's nothing to keep you coming back, especially if you're over 14.


40% of income going to debt payments being their line is reasonable I guess, BUT maybe it should be higher for educated high earners.  For example, currently I'm technically using about 50% of my monthly income because I'm a new graduate with some student debt and I'm trying to pay it off aggressively, in under a year.  Despite this, my income is high enough that the remaining 50% is enough to support a decent lifestyle.    In a couple of months when I'm paid off I can probably start saving several thousand dollars a month.  Do I really have a debt problem?


Your sister-in-law should know that anybody, US citizen or not, can open a US bank account. She should do that and then pay her 20k fee to the company. I'm a Canadian citizen and I have a US bank account and I don't even live nor work in the United States. I only use it when I travel for leisure and order online. This looks like a scam, but if you know well your sister-in-law, it may not be.


"We're not in Bubble #2, There is another land rush in the web due to how easy it is to get in and how everywhere else is terrible to work at this moment.  Groupon is the big outlier b/c it's a sales company and not a tech company.  Facebook (which I personally hate but am forced to use it) is worth what someone is willing to pay for it, all companies with stock are the same way.  Will it have a market cap of $100B, you bet!  There are a few once in a decade companies that will do something uniqure very very well.   Think Google, Apple, Microsoft, Intel, Cisco.    Facebook IMO is a walled garden, where your information is free to enter but forbidden to leave.  Your data is their data, your web habits are known to them and are tracked by them.  They know more about your like's dislikes, web habits than you yourself do.  Damn! That's some powerful shit that people who want to peddle anything and everything to you will want.  You are actively being tracked by each ""like"" button you come across on the web.  Now for this whole Facebook IPO, Google has shown the power of the tech IPO post Bubble #1 in 2004.  Well guess what Wall Street/Private Equity/Hedge Funds/Global Captial wants in!  That's easy money to them, it doesn't want to be left out in another bubble, another hit, whatever you want to call it.  That drives up the initial offering price, more media, more exposure, more demand, etc.  So now Facebook has this hugely valuable database of individuals that it owns and doesn't share to anyone else and a huge demand for it."


"I went through the Costco program for the so-called ""no-hassle"" bargain price when I bought my Prius. According to other Prius owners that I've met on forums and TrueCar's web site, I paid ""average."" Lots of people in my area managed to negotiate a better price by $1-2k. So much for getting a deal. I do not plan to use Costco to buy another vehicle again."


I feel these beliefs can not be changed so easily. Once someone loses their money, how can you convince him? And on what ground can you convince him? Can you give a guarantee that investments will perform at a certain level? There are many people who are happy with low returns but highly safe instruments. They are not concerned with what you earn in the stock market or the realty market. They are happy not losing their money. I known many people who earned decently during the up-rise of the stock market but all profits were squared up in the downturn and it turned to negative. Such people have their own thinking and such thinking is not out of place. After experience with much turmoil, I feel that they are also right to a great extent. Hence I feel if the person is not getting convinced, you should accept it with greatness.


"The annualized method allows you to take a look at each quarter independently and pay the tax in the quarter that you earned it. -- According to Linda Durand, a certified public accountant with Drolet & Associates PLLC in Washington, D.C., from the Bankrate article ""Paying quarterly estimated taxes""  And after paying annualized quarterly estimates, you can still owe up to $1000 at tax time without penalty."


Amazon just delayed my entrance into e-books for a few years. First off, the prices are still crazy, and secondly, now you dont even own the shit you pay the same price as a paperback for.  They are managing to remove all of the benefits of going digital. I think they may be screwing themselves long term with these moves, publishers with integrity are going to start going around them..distributing e-books is very easy..


Eh. It's what Walmart will do. The real question is, will they do it quietly or make a splash about it? Because the last thing anyone wants is Walmart butting heads with its employees in an election year, but those crazy bastards running the show in Bentonville aren't above being confrontational when everyone thinks/believes/prays they'll just back down and wait for a saner time to drop rocks on people's heads.   That's what the source of entertainment is going to be here; how will Walmart handle this and will the politicians stick their noses in it too? And is this a union-organised thing or an informal affiliation of employees that covertly agreed to do this? Also, will it spread?   That's about the sum-total of stuff we have to think about, since they don't actually change any unemployment numbers around by firing experienced employees and hiring people they have to train up and deploy again. Hell, they do it so often it probably doesn't really cost them any extra either.


I agree the state should provide defense, legal system, police, and can even provide some welfare. Our current financial system is the most regulated entity in the world, and could never survive without government subsidies. I think we would be better off letting all the banks fail once, and then let entrepreneurs build a better safer financial system, possibly with cryptocurrencies rather than a Central Bank run sytem that has to be tightly regulated and regularly bailed out. Regarding businesses, it is a free choice for anyone to work somewhere. If I start a business and offer to hire you for a fixed rate you can agree, you can also start a different business and compete. Even the largest businesses can lose market share to tiny one-man businesses - just look at how some one-man craft breweries have started taking market share from the largest breweries in the world, and how the large newspapers are being overturned by Facebook - which started as just a few guys in a dorm. If you join a small business to work, you can choose to go in as a partner where you share in the profits and gain a say, but also make 0 money or even lose money if the business doesn't do well. Some are willing to take this risk, other's (like myself) prefer to get a fixed salary. If you want to start a company that is democratic and every worker has an equal say, you are also free to do this, supposedly you could then attract better workers for cheaper and all make more money. Problem is that for most people it is too risky to own part of the company they work in, as if the company goes bust, they lose their job and savings simultaneously, and thus people go for the option of having a job, and investing their savings in their property and some diversified investments...


Welcome to Clutch Bags. We are the leading manufacturer and seller of all type bags, which is located in New York, USA. We provide our best  service in the whole world from last 20 years. Our product is Handbags, Laura Dotolo, cross body bags, totes, pouches, school bags, triple zip satchels, cocktail clutch and much more leather accessories for NYC clients. We provide all products online at an affordable price. If you want to made in the USA bags, then you can visit our website and make your order.


"The ancient Roman's paid for things in silver. There were 2 main methods of silver production, a mine or invading a neighbor and taking their silver.  Silver was in use by many of Rome's neighbors. The tribal regions didn't accept it, and the taxation method was imposed.  However, the Roman's also practiced money as debt. Just as the original poster stated. Julius Caesar himself took a million pound loan to finance his ""bread and circuses"" campaign. Eventually Rome was saddled with such enormous debt that it is given as one of the possible factors in it's decline and fall.  Money originated not to pay taxes, but to replace barter (http://projects.exeter.ac.uk/RDavies/arian/origins.html). Once the utility of it as paying taxes to a government became known, the forces leading to standardization and central banking develop. Taxation is a key step on the ladder toward developing a central currency--it is however not the only one."


"I completely agree with @littleadv in favor of using the credit card and dispute resolution process, but I believe there are more important details here related to consumer protection. Since 1968, US citizens are protected from credit card fraud, limiting the out-of-pocket loss to $50 if your card is lost, stolen, or otherwise used without your permission. That means the bank can't make you pay more than $50 if you report unauthorized activity--and, nicely, many credit cards these days go ahead and waive the $50 too, so you might not have to pay anything (other than the necessary time and phone calls). Of course, many banks offer a $50 cap or no fees at all for fraudulent charges--my bank once happily resolved some bad charges for me at no loss to me--but banks are under no obligation to shield debit card customers from fraud. If you read the fine print on your debit card account agreement you may find some vague promises to resolve your dispute, but probably nothing saying you cannot be held liable (the bank is not going to lose money on you if they are unable to reverse the charges!). Now a personal story: I once had my credit card used to buy $3,000 in stereo equipment, at a store I had never heard of in a state I have never visited. The bank notified me of the surprising charges, and I was immediately able to begin the fraud report--but it took months of calls before the case was accepted and the charges reversed. So, yes, there was no money out of my pocket, but I was completely unable to use the credit card, and every month they kept on piling on more finance fees and late-payment charges and such, and I would have to call them again and explain again that the charges were disputed... Finally, after about 8 months in total, they accepted the fraud report and reversed all the charges. Lastly, I want to mention one more important tool for preventing or limiting loss from online purchases: ""disposable"", one-time-use credit card numbers. At least a few credit card providers (Citibank, Bank of America, Discover) offer you the option, on their websites, to generate a credit card number that charges your account, but under the limits you specify, including a maximum amount and expiration date. With one of these disposable numbers, you can pay for a single purchase and be confident that, even if the number were stolen in-transit or the merchant a fraud, they don't have your actual credit card number, and they can never charge you again. I have not yet seen this option for debit card customers, but there must be some banks that offer it, since it saves them a lot of time and trouble in pursuing defrauders. So, in short: If you pay with a credit card number you will not ever have to pay more than $50 for fraudulent charges. Even better, you may be able to use a disposable/one-time-use credit card number to further limit the chances that your credit is misused. Here's to happy--and safe--consumering!"


"How Italians have a general mistrust in the euro and the ECB makes me crazy.  The country with over 2000 billion in debt, that got its ass saved by quantitative easing done by the European Central Bank (iirc, 46% of bonds bought were of the Italian debt). No politicians says he wants to reduce the debt, no, the problem is again something ""outside"". How about reforming Italian banks and their infamous credits they're still not writing off as losses because of politics? How about reducing the debt?  How each and everyone who has a bank account in Italy isn't grateful to Draghi is a mystery to me.  The consequences of driving a G8 country, the 3rd largest economy in the EU, to the ground because of moronic politicians who can't for the love of their life plan long term are horrible.  It's not like the fucks given by politicians are hidden in this new currency system. FFS.  Quick edit: problem number 1, 2 and 3 of Italy is to reduce its debt. Il resto è noia, everything else is boredom."


If you're determined to save money, find ways to integrate exercise into your daily routine and don't join a gym at all. This makes it more likely you'll keep it up if it is a natural part of your day. You could set aside half the money you would spend on the gym towards some of the options below. I know it's not always practical, especially in the winter, but here are a few things you could do.  One of the other answers makes a good point. Gym membership can be cost effective if you go regularly, but don't kid yourself that you'll suddenly go 5 times a week every week if you've not done much regular exercise.  If you are determined to join a gym, here are a few other things to consider.


You might want to head on over to https://law.stackexchange.com/ and ask the same question.   However from a personal finance perspective this kind of drama is somewhat common when someone is deceased and financial expectations are not met by the heirs.  It sounds like the daughter was expecting a lot more in inheritance than was actually received.  There was probably an overestimation of dad's net worth and an underestimation of the cost of his care toward the end of his life. Its best not to participate in this drama, and I feel that you are correct that the daughter does not have a right to see the bank account statements prior to dad's passage.  The question is also if she has a right to see it now. Here in the US a joint account can be setup so the ownership transfers to other account holder(s) up death of an owner.  So in this case your mother would own the account.  If the account is setup as such, then the estate has no right to that money.  You may want to check with the bank for some free advice.  What is the classification of the account now that dad has passed?  When a person grants someone else the power of attorney they have the ability to act as if they were that person.  Most of the time POAs are limited in scope so If I give a person the POA to register a car in my name, they cannot apply for a credit card in my name (legally).  In this case, however, the POA was probably general so pretty much your mom could do whatever she pleased. So if your mom took good care of the dad and bought herself some nice jewelry that is perfectly allowable with a general POA. I strongly doubt this daughter has any rights to the past records and may not even have the rights to the joint bank account currently.


Am I missing something or is the author?  EUP5  USP5  SUP5  PUS5  EDIT: Its not just currency pairs either, 5DEL; EU5L; 5UKL; EU5S; 5DES.  Unless I misunderstood something, the authors worst nightmare has already arrived in Europe.


Well, not having heard of this guy before, I have to be careful taking what he says at face value. I agree with him to some degree, but I suppose I'm not as confident in my assessment. The list of his credentials seems relevent to me, but it would be informative to have more insight into his motives for his opinions.


Similar to what Adam F says above, except instead of just transfering the amount you spend on the credit card into the high interest account, why not keep the majority of your funds (apart from a small amount, say a couple of hundred for emergencies) in the high interest account until the credit card needs to be paid off. Even better, if you have a mortgage with an 100% offset account keep all your funds in this, and pay off your credit card in full from it on or before the due date. Being a 100% offset to your mortgage interest rate you will be saving at a higher rate than a high interest rate savings account, and you will be able to do all your normal banking from it unlike a high interest account which you usually have to link to an additional account to deposit and withdrawl money to and from. If you are to use a credit card keep these simple rules in mind: Hope this has helped, Regards Victor


Having spent all of 3 minutes reading about this, my impression is insurers are going to have to have more money on hand to cover every line of business as independent silos, instead of keeping it all pooled together and being able to shift money around as needed between their lines of business.  In order to acquire this capital, they will take on more debt now; as the expectation is interest rates will rise in the future which would increase their cost of debt vs. acquiring the debt now when interest rates are low.


Ok - what's your starting point?  Are you starting with equity value and then working your way back to an enterprise value?  Then yes, you must subtract cash and add debt.  If you're doing a DCF, you don't have to make any changes to the values at the end if you're looking for an enterprise value.  If you're looking for an equity value, you would need to add cash and subtract debt.  If you're simply applying a enterprise value multiple (such as EV / EBITDA) you don't need to make any changes.  Just multiply the Company's EBITDA by the multiple in question.  Enterprise values are supposed to be capital structure independent because they are only valuing the company on metrics that occur before the impact of the Company's capital structure.


"I apologize for not investigating the skeezy world of finance more than I have to, but the major banks invented derivatives that allow them to essentially make a ""bet"" on whether a company will perform well or poorly.  This then allows them to make a shitload of cash by manipulating the market in their favor unfairly and that is wrong.  That is my argument, if you want to get caught up in the semantics of acronyms be my guest but my argument is very real and shared by many so the real question is why are you so blind to the chicanery of major financial institutions?"


"That's exactly what he's being accused of.  Also if you could explain in the show ""Who's the Boss?"", who was the actual boss?  Was it Angela or was it Tony? I say we examine the two choices in a semester-long course about it. 😄"


Hang on.. Lawyer here.. Regarding the promised twelve loddars: why would the promise to pay the loddars be destroyed by the fire - unless the promise is eg conditional on the existence of apples at the relevant time (a more risky promise)? If it IS contingent on something in that way then surely it can't be said to be equivalent to loddars (money)?


Ultimately all these will pale in comparison to the cost of choosing a place where Amazon cannot get talent to move.. I work in the field, and I'd never move to a city for Amazon.  I love to cities for the industry presence, but never one company.  If you moved to Baltimore, took out a 1 year lease and took a job for Amazon, how fucked would you be when Amazon fired you in a month? Very fucked.  Almost anybody you'd go work for would be a significant step backwards.  Now imagine doing that in San Jose.  You'd get a raise on the next job and they'd invariably treat you better, because Amazon is a meat grinder that consumes youth and enthusiasm and outputs misery, isolation, and competitiveness. Recruiting is a massively expensive endeavor and tax breaks are nice, but it takes a large ecosystem to generate the candidate pool and attract an outside one. Tax breaks are awesome but I'll bet Amazon doesn't pay any anyways.


It's more complicated than that. Governments raise money in a number of ways.  First, they tax economic activity within their borders and for connected companies and individuals.  Then, some governments have actual revenues from state-owned enterprises (licences, patents, courts, business revenues, and so on). Whatever shortage arises between state expenditure and this income is the deficit which is usually financed through debt. Government usually issues a bond (Wikipedia for a list of government bonds) of various types, some with extremely lengthy maturation dates.  These bonds can be purchased both locally and by foreign investment funds.  The nature of who buys is important. From the Wikipedia link you'll see that most government debt is very highly rated based on the ability of the state to simply raise taxes in order to fund redemption.  Pension funds are legally bound to only invest in highly-rated investment classes and the bulk of bonds may be purchased to support local pensioners. A state that defaults on debt will first hit its own most vulnerable citizens.  In addition, the fall-out will result in a savage cut in ratings.  Countries like Argentina and Zimbabwe, which have both refused to repay their debts even to the IMF, are currently unable to raise investment at all.  This has a tremendous impact on local economic development. So, default is out of the question without severe penalties. The second part of your question is about paying down the debt.  As debts increase, more and more of the revenue that a country does earn is spent on servicing debt repayments.  Sometimes bonds are issued merely to refinance old debt.  A country that spends too much on refinancing debt is no different from an individual.  Less and less money is available to do other things. In conclusion: governments can neither default nor binge-borrow unless they wish to severely limit economic opportunities for their citizens.


The finance team from your company should be able to advise you. From what I understand you are Indian Citizen for Tax purposes. Any income you receive globally is taxable in India. In this specific case you are still having a Employee relationship with your employer and as such the place of work does not matter. You are still liable to pay tax in India on the salary. If you are out of India for more than 182 days, you can be considered as Non-Resident from tax point of view. However this clause would not be of any benefit to you as are having a Employee / Employer relationship and being paid in India. Edit: This is only about the India portion of taxes. There maybe a UK protion of it as well, plus legally can you work and your type of Visa in UK may have a bearing on the answer


For all the Canadians out there, that's about 6.3% to 6.8% when measured on the Canadian scale (which takes into account different metrics, such as at what point someone is considered to have dropped out of the job market).  The current Canadian unemployment rates stands at 6.8% nationally (on the Canadian scale).


I use futures options as a sort of hedge to an underwater position that I want to hold onto.  If I am short at 3900 on /NQ and it moves up 3910 then I can sell a put against my position.  For example, I sell this month's 3850 put for 15.00.  If the NQ continues up to 3920, I can probably buy back that put for ~12.00 and sell the 3860 for 15.00. Rinse and repeat if it keeps moving up.     If then the NQ moves down to 3900 then my futures position will be up +10 where my futures options put position will only be down about -3 for a net of +7.    I suppose you could also trade a futures option by itself instead of the future's contract if you didn't want to risk as much $ in a day trade.    Keep in mind that price you see for a future's options relates to the underlying.  For /NQ 1 point = $20  so if a 3850 put costs 15.00 that is really $300.    ES (Sp 500 futures) 1 point = $50 so a 1900 put that costs 15.00 would really be $750.


Get the most affordable driving lessons Walsall with Just Pass. Offering professional services at reasonable prices, we pride ourselves in our team of expert instructors and our fleet of safe, comfortable vehicles. Go to our website to know more about our flexible services.


"But do you know about a US state risking to go default now or in the past?  In 1847 four states - Mississippi, Arkansas, Michigan, and Florida - failed to pay all or some of their debts.  All of these states had issued debt to invest in banks.  From the detailed source listed below: ""...it should be remembered that all cases of state debt  repudiation, as contrasted with mere default, involved banks.""  Jackson had killed the federal central bank 10 years earlier and the states were trying to create their own inflationary central banks.  Six other states delayed debt payments from three to six years (source, page 103, this source has more details).  This is the only case I know of where US states defaulted.  US cities default more frequently. I'm very confused do US single states like IOWA have debt and emits obligations on their own like Italy does in EU? Yes.  Individual states can issue their own bonds. Oh, and just another little thing I would like to know, is Dollar a fiat currency too like the Euro? Yes, the US dollar is a fiat currency.  I think the better question is: ""Is there any currency that is not a fiat currency?"""


I'm down to hate Monsanto but the people who actually do are terrible at explaining why. Always such flimsy, easily falsifiable taking points. If you want me to be concerned about Nestle's terrible labor practices and monstrous position on water availability, don't tell me the Quik rabbit is a gay Muslim.


"First would be, that depending on the stuff you are selling, you are likely to get a better response from Craigslist or Kijiji. For many things, the shipping cost will outweigh the value, so any kind of local transaction would be preferred.  The standard ""will combine shipping"" can be an ebay-offered incentive for people who want more than one of your things. Smaller high-value items would of course be the exception to the previous rule.  There the broad reach of eBay might well bring you a better price.  Standard consumer electronics, however, would likely not fit into this category, as they change so quickly. Depending on the amount of stuff you have, two other ideas come to mind.  There are likely local flea markets that charge just a few bucks for tables to sell whatever you like.  And don't forget the garage sale; a favourite weekend pastime for many in Canada :-)"


I think that those options might well be your best bet, given the potential 700% return in one year if you're right. You could look and see if any Synthetic Zeros (a Synthetic Zero is a derivative that will pay out a set amount if the underlying security is over a certain price point) exist for the share but chances are if they do they wouldn't offer the 700% return. Also might be worth asking the question at the quant stack exchange to see if they have any other ideas.


"@MrChrister, Budgeting is really about planning your spending. Many programs and most advice will tell you that budgeting is tracking your expenses. That's only the first part. Track your expenses for about a month to figure out what you plan to spend in the future.  Your budget is then just a list of things you're going to buy or pay for with the money you have at the moment. I recommend creating a budget every time you get some money, keeping an eye out for future expenses you may need to save for. The envelopes are for those expense that you are going to use cash for. The envelopes make you plan to spend a specific amount of money, the money you put in them and no more. Envelopes protect you from overspending. I use ""envelopes"", that is, paperclips or sticky notes or different sections of my wallet, to organize my cash. I use cash for things I'm going to buy in person: gasoline, groceries, eating out, the movies, home improvement stuff, buying birthday presents. These are my ""envelope"" expenses. I use one check a month to pay rent. I use my online banking to pay most of my bills automatically (like school loan and Netflix). And I use the actual websites of those companies who I want to pay manually (like utilities, b/c those change every month). Does that help? Nathon HouseholdBudgetNerd.com Family Budgets for Both of Us"


I want to encourage diversity in means of producing goods so I organised subcategories by the means necessary to produce said goods, I organised categories by the same types of items that are all in a similar price range than each other, the randomiser will pick an item of the same category but of a different subcategory. (yogurt and cheese are in the same category, and same subcategory because the means of production is the same, so price change of one won't affect the economy as much)


"Here's the issue as I see it. The fact that one has high interest debt says a lot about the potential borrower. Odds are very good that person will not pay the zero card off before the rate expires, and will likely charge more along the way.  I'd love to be able to say ""great idea, borrowing at a low rate to pay off a high rate card will be the first step to getting you all paid off"" but chances are in a year's time you will not be better off.  You said you know a lot of people that have done this. Have they all been successful? It's possible, but I'd heed the warnings of those here and first think how you got into the credit card debt."


Go for operations research instead. No one is hiring people with math bachelor's to do any type of quant work. It would still make you eligible for a bunch of different jobs but just a math bachelor's without some sort of financial interest under your belt through internships or competitions may not get you where you want to go.


"Directors can be held responsible for the liabilities of the corporation - see this Wikipedia article - and especially if it was clear that was the reason for the arrangement, you might well find this happening. That said, I know a Canadian who sold his house to a corporation he already owned (he was doing consulting work through it) at the (in his opinion ridiculously high) amount it had been assessed for property tax purposes. The company paid and claimed any and all expenses including paying for the lawn to be mowed and the house to be painted. He lived in it at a reduced rent (this rent was then income to the company) in exchange for looking after it. He was very happy with the arrangement. He was losing the ""no income tax when you sell your primary residence"" benefit we have here, but since he expected to never be able to sell it for more than the amount the company had paid, he wasn't worried. If the company exists for no reason other than to shelter income, hide you from liability, and reduce your taxes, then I would expect it would get you some unwanted attention and possibly some rulings you didn't like. If the company exists for a real purpose, and has income and expenses that outweigh whatever games you're playing with cars and homes, you might be able to achieve this. You need to work out what the benefits (other than ducking liabilities) would be and whether they are worth the hassle."


Dexmet precision expanded metal and expanded plastic products are used in batteries, electronics, aerospace, aircraft, medical, packaging, filters, fuel cells, heating elements, resistors, load banks, food & drug products, automotive and wherever mesh and perforated foils, metals and plastics with high precision characteristics are required. They are available in most metals and polymers, or we can work with your proprietary materials. For more information email us at: sales@dexmet.com or call us at 800-714-8736/(203) 294-4440 and Fax at (203) 294-7899. Visit our website: www.dexmet.com.


"Is this amount an adequate starting amount to begin investing with? Yes. You can open an account at a brokerage with this amount. I'm not sure I would invest in individual stocks at this point. Which services should I use to start buying shares? (Currently my bank offers this service but I'm willing to use other sources) I can't make UK-specific recommendations, but I'd compare your bank's fees to those of a discount broker -- as well as the variety and level of service available. I would like to regularly increase the amount invested in shares. Is it worth doing this in say £200 increments? Take a look at the fees associated with each investment. Divide the fee by the increment to see what percent you'll lose to fees/commissions. Keep in mind that you have to gain more than that percentage to start earning a positive return on your investment. If you have access to fee-free automatic mutual fund investments, and you can commit to the £200 amount on a regular basis going forward, then this can be a completely free way of making these incremental investments. See also this answer on dollar cost averaging, and my comment on the other answer on that question for how fees impact returns. When buying shares should I focus on say two or three companies, or diversify more? I would diversify into two or three different index funds. Read up on asset allocation. For example, you might invest 1/3 of your balance into S&P 500 index fund, bond index fund, and MSCI EAFE index fund (but that's just a rough example, and not necessarily good for you). I highly recommend ""The Intelligent Asset Allocator"" by William Bernstein for excellent info on diversification and asset allocation."


On the back of the W4 is a Deductions and Adjustments worksheet. This worksheet will give you an accurate number to enter on line 5 of your W4.


"Just to clarify, In wikipedia when it says  It is defined as a market in which money is provided for periods longer than a year They are referring to the company which is asking for money. So for example the stock market provides money to the issuing company of an IPO, indefinitely. Meaning the company that just went public is provided with money for a period longer than a year. The definition in Investopedia basically says the same thing Wikipedia does it is just phrased slightly different and leaves out the ""for periods longer than a year"".  For example Wikipedia uses the term ""business enterprises"" and ""governments"" while Investopedia uses the term private sector and public sector, in this context ""business enterprise"" is ""private sector"" and ""governments"" is ""public sector""  So in the sense of the length debt is issued yes, money market would be the opposite of a capital market but both markets still offer a place for governments and companies to raise money and both are classified as financial markets."


IRS Publication 463 is a great resource to help you understand what you can and can't deduct.  It's not a yes/no question, it depends on the exact company use, other use, and contemporaneous record keeping.


"That article seems to be making the argument that GDP isn't a good measure of consumer welfare and confusing that with ""GDP has no meaning"". It's still useful, though. I mean... what company sits down and says ""hmmm... I've reached the ideal level of output, I'm going to work on making my product better and cheaper now!"" ... generally, making something cheaper comes with making it accessible to a wider audience. Economic output rarely goes down just because you're getting more value for your money. In theory, that'd be included in measures of inflation rather than measures of GDP."


This site should help you to accomplish what you are looking for: https://www.quantopian.com


">A) This ain't trolling. This shit is knowledge. I'm seriously not trying to troll anyone. I do not feel there is enough appreciation or attention given to the many many many people sold a bill of goods. These poor dumb fucks I play FF with, working in downtown Boston or NYC, paying $2000 a month in rent for the privilege of earning $30K a year.  They got good grades as Finance majors? They're literally in the bottom 1% of that stratification then. Your anecdote is worthless; the data I provided tells the exact opposite story.   >B) My vendetta is that it is nonsense. All of it. It is the same five fucking ideas rehashed, repackaged and resold to the next generation of idiots over and over and over again. It is literally NOTHING interesting, and it is WAY too many people clamoring for the same piece of a pie they didn't bake.  Rampant ignorance of a topic you don't undertand.  >C) Maybe you are the tallest midget, but maybe you should just not choose to be a midget.  You still have not provided an alternative field of study, just ""finance = bad."""


Paradox was accused of upping their prices before the steam sale and if you did a little research the steam sale price was the same as the price from other vendors.  They were absolutely obliterated by negative reviews and comments.  So much so, the CEO rolled back the prices and made a public statement apologizing.  We need to have more good ol' fashion internet lynch mobs.


There are lots of things to consider in addition to your questions.  The rules changed in the US recently. I think you mean you will save more money. Your interest rate isn't likely to go up, but your principle will, so you will earn more interest income than before.   I would wager it won't be a significant amount however. You can certainly earn a reward, either cash back, points, miles or something else. BUT the sticking point with earning things with your card is harder than before.  Due to rules changes, merchants can now recuperate the fees they pay for accepting your credit card.  Rewards cards have a higher fee than non-rewards cards (because banks aren't in charities).  So now, depending on the merchant's choice, you could see a higher cost paying with a credit card (or a debit card) and that cost could wipe out your reward. And if your card has a fee, it has always been true that you need to evaluate the annual fee to confirm the benefit is more than paying for the fee. Additional advantages to credit cards


Using GDP as a proxy for economic well-being was ok, though not great, when GDP growth seemed to be linked with other measures like average salary, purchasing power, national debt and employment.  I had really hoped that the split in these different measures during and since the recession would mean that people started to look for more nuanced reporting of the stats but sadly it seems that now GDP is on the up and employment is back below 7% everything is fine in the world of newspaper publishing.


"why do markets sometimes appear in sync, but during other times, not so much By ""markets"" I'm assuming you mean equity indices such as the HSI. Financial products fluctuate with respect to the supply/demand of the traders. There's been a large increase in the number of hedge funds, prop desks who trade relative values between financial products, that partially explains why these products seem to pick up ""sync"" when they get out of line for a while."


Banks worry that the large gift might be a loan that is ultimately expected to be repaid. If so, that affects the cash flow of the recipient, and makes it more difficult to make the mortgage payments to the bank.  In some cases, of course, it is an informal loan: Dad advances a large $X to son to use as a downpayent, but does not charge interest and the expectation is that the money will be returned in smaller chunks as and when the son can afford to repay Dad.   In some cases, Dad truly means it as a gift, but son feels an obligation to repay the money, if not explicitly, then by paying for the first few months of Dad's nursing home stay, etc.  So, banks like to have an explicit document such as a copy of a letter from Dad saying that this money is a gift, and some assurance that this is on the up and up.   If the amount is larger than the maximum gift that can be given each year without having to file a gift tax return, then some assurance that a gift tax return will be filed is helpful. Mentioning this in the letter is good: it indicates that there are no secret handshakes or secret agreements to the effect that this is in fact a loan, with or without regular repayments.


Good day! Did a little research by using oldest public company (Dutch East India Company, VOC, traded in Amsterdam Stock Exchange) as search criteria and found this lovely graph from http://www.businessinsider.com/rise-and-fall-of-united-east-india-2013-11?IR=T :  Why it is relevant? Below the image I found the source of data - Global Financial Data. I guess the answer to your question would be to go there: https://www.globalfinancialdata.com/index.html  Hope this helps and good luck in your search!


This is the wrong citation. PPACA relies on Code Sec. 4980H (26 USC 4980H) to define full time employees as anyone working 30 hours a week or more. Furthermore, this determination can be made according to IRS Notice 12-58, which offers employers flexibility in the period used to make such determination.


> That's utter stupid ignorant garbage. Why would anyone ever buy a failing business so that it loses money so they aren't taxed on the losses?  Because they have a political agenda, and they have so much money (Bezos was briefly the richest man in the world) that they don't care.  Did you get it now?  And REMEMBER! If you have a political agenda, then truth, facts and Journalism is not what are using.


I really like your mindset about this. One strategy I'm going to implement with my job site, without giving too much away, is treating a job Seeker profile and a job provider very similarly and creating a hub for both. It also treats job postings like more of a commodity, and just focuses on other things that I'll get into in the company develops more.


Israel works similarly to the US then. If you have good grades, there are lots of scholarships, so college is still accessible to the smart poor. Lots of lower tier colleges were created to fulfill the demand for everyone having a college education, true, but with the top schools I am referring to, that is not the case.


"I was responding to ""How do you feel about those English majors in community college?""     Community college English major is not going to open many employment doors.   Some with this degree are likely millionaires, but it doesn't mean the degree is the reason for their success.       I suspect most successful English majors who utilized their degree graduated from more prestigious institutions than community college."


Yeah...or they simply don't like eating shit on a bun. Don't try to turn this into some jingoist argument. McDonalds is shit, and its about as American as french fries. I know its hard to believe, but there are places in the world where you can still get decent ingredients for home-cooked meals at a good price such that there is no reason to ever want to eat at a McFranchise.


Think about India's government, and then think about Spain's.   Credit rating is a measure of risk of default. What government is more likely to default:  A developed, relatively transparent European government with mature industries and an educated populous.  Or a developing, relatively opaque SouthEast Asian government with a large amount of its populous uneducated, living in poverty.  Ask yourself, would you rather make a loan to Spain or India? Which is more likely to pay you back?  edit: Despite the fact that Spain needs a bailout, it already has a very mature, very advanced infrastructure/economy in place. With a little cash, the government can get that industrial machine working at efficiency again.


The key thing to consider in a question like this is, What return am I getting on my investment versus what interest am I paying on the loan? If the investment returns more than what you're paying on the loan, than it makes sense to keep the investment and pay off the loan with other income. If the investment returns less, than it makes sense to cash it out to pay off the loan. One complicating factor is taxes. In the case of an IRA, you're not paying taxes on the profits. You do pay a tax penalty for an early withdrawal. Those are both factors that tend to make keeping the money in the IRA more desirable. And of course, if the choice is between keeping your investment and defaulting on the loan, you probably want to close out the investment. I don't know what return you're getting on your IRA, but it's probably more than 6.8%. I'd have to check but I think my retirement funds got over 20% last year. If you're not getting 6.8%, you might want to investigate switching to another investment fund. I'm sure there's a lot I don't know about your situation, but I'd think that keeping the IRA would be a better plan. If you can't add to it for some time well you get these debts paid off, well, that's how it is.


"-Alain Wertheimer I'm a hobbyist... Most (probably all) of those older items were sold both prior to my establishing the LLC This is a hobby of yours, this is not your business. You purchased all of these goods for your pleasure, not for their future profit. The later items that you bought after your LLC was establish served both purposes (perks of doing what you love).  How should I go about reporting this income for the items I don't have records for how much I purchased them for?  There's nothing you can do. As noted above, these items (if you were to testify in court against the IRS). ""Losses from the sale of personal-use property, such as your home or car, aren't tax deductible."" Source Do I need to indicate 100% of the income because I can't prove that I sold it at a loss? Yes, if you do not have previous records you must claim a 100% capital gain. Source Addition: As JoeTaxpayer has mentioned in the comments, the second source I posted is for stocks and bonds.  So at year begin of 2016, I started selling what I didn't need on eBay and on various forums [January - September]. Because you are not in the business of doing this, you do not need to explain the cost; but you do need to report the income as Gross Income on your 1040. Yes, if you bought a TV three years ago for a $100 and sold it for $50, the IRS would recognize you earning $50.  As these are all personal items, they can not be deducted; regardless of gain or loss. Source Later in the year 2016 (October), I started an LLC (October - December) If these are items that you did not record early in the process of your LLC, then it is reported as a 100% gain as you can not prove any business expenses or costs to acquire associated with it.  Source Refer to above answer.  Refer to above answer.  Conclusion Again, this is a income tax question that is split between business and personal use items. This is not a question of other's assessment of the value of the asset. It is solely based on the instruments of the IRS and their assessment of gains and losses from businesses. As OP does not have the necessary documents to prove otherwise, a cost basis of $0 must be assumed; thus you have a 100% gain on sale."


I work in this industry, designing coaching programs for people who want to lose weight (and quit smoking among other things). The statistic we often use is that 1/3 of people are obese, with a BMI in excess of 30 (ignoring the very few percent of people for whom BMI is not an accurate measurement). And another 1/3 of people are overweight, with a BMI between 25 and 30. So we have a target of 66% of the population that can be potentially coached to a healthier weight. Making a business case for enough participants is never a problem.


I plotted your figures in my Buy or Rent app.  It compares the equity of buying or renting by calculating what your mortgage payment would be and comparing the alternative case if you rented and invested an equivalent amount. Clearly for the amounts you specified it is better to buy, but if you change the amounts and interest or property appreciation you can see the equity effects.


> Funny you say that, I'm moving in!  We need more selfless people like you who are willing to carry the heavy burden. Last year Illinois lost more people than any other state, so I'm not sure if that will be enough.


In the. US, i'd suggest hitting the Charity Navigator website for evaluation of how efficiently various charities will use your money. At this point I won't donate money to anything that gets less than three stars unless I know the organization very well indeed -- and I've been progressively swapping out 3-star groups for 4-star organizations in the same category. Many of the groups reviewed by CN are international,  so you might find it useful even if you're donating from/to elsewhere.


get into the 21st century. there are millions of artists willing to make videos, music, and other forms of entertainment for FREE. the music and hollywood industry are NOT entitled to profits. they lose money because of bad business models that don't evolve to a changing entertainment paradigm


From the IRS web site: So if your income was reported to the IRS (by the payer, not you) using one of the forms above, the IRS would have a record of it, regardless of whether you filed a tax return or not.


The first thing to realize is that MLM is not really a selling job, yes they all sell products but that's not how you make any money. And be careful not to stockpile inventory, you'll end up with $4000 dollars worth in your garage that you'll never use. MLM is really a recruiting and training sales people job. If you are willing and have the talent to recruit and train sales people then it may be right for you. The only people that make a good living recruit new sale people all the time, and have hundreds of sale people in there down lines. There is a lot of attrition and you have to keep recruiting to replace those lost. Don't think you are going to get rich at this part time. There are a lot of millionaires from MLM but they work a lot of hours recruiting and training. If you don't have a lot of time to devote to it I wouldn't do it at all. MLM is not for everyone, but the ones that are good at it and put in the time make a lot of money from it.


Like I said, there are no sources for this info, just speculation. I made a guess and I might be wrong, but I might still be right.  No one knows who this guy including you. So you are making claims out of your ass as well.


The advice I have is short and sweet. Be an investor, not a speculator. Adopt the philosophy of Warren Buffet which is the 'buy and hold' philosophy. Avoid individual stocks and buy mutual funds or ETFs. Pick something that pays dividends and reinvest those dividends. Don't become a speculator, meaning avoid the 'buy low, sell high' philosophy.  EDIT:For some reason I cannot add a comment, so I am putting my response here.  @jad The 'buy low, sell high' approach makes money for the stock broker, not necessarily you. As we learn in the movie Trading Places, each buy or sell creates a commission for the broker. It is those commission expenses that eat away at your nestegg. Just don't sell. If a security is trading at $10 a share and pays $0.25 a share each quarter then you are getting 10% ROI if you buy that security (and if it continues to pay $0.25 a share each quarter). If the price goes up then the ROI for new buyers will go down, but your ROI will still be the same. You will continue to get 10% for as long as you hold that security. A mutual fund buys the individual stocks for you. The value of the fund is only calculated at the end of the day. An ETF is like a mutual fund but the value of the ETF is calculated moment by moment.


"I read the book, and I'm willing to believe you'd have a good chance of beating the market with this strategy - it is a reasonable, rational, and mechanical investment discipline. I doubt it's overplayed and overused to the point that it won't ever work again. But only IF you stick to it, and doing so would be very hard (behaviorally). Which is probably why it isn't overplayed and overused already. This strategy makes you place trades in companies you often won't have heard of, with volatile prices. The best way to use the strategy would be to try to get it automated somehow and avoid looking at the individual stocks, I bet, to take your behavior out of it. There may well be some risk factors in this strategy that you don't have in an S&P 500 fund, and those could explain some of the higher returns; for example, a basket of sketchier companies could be more vulnerable to economic events. The strategy won't beat the market every year, either, so that can test your behavior. Strategies tend to work and then stop working (as the book even mentions). This is related to  whether other investors are piling in to the strategy and pushing up prices, in part.  But also, outside events can just happen to line up poorly for a given strategy; for example a bunch of the ""fundamental index"" ETFs that looked at dividend yield launched right before all the high-dividend financials cratered. Investing in high-dividend stocks probably is and was a reasonable strategy in general, but it wasn't a great strategy for a couple years there. Anytime you don't buy the whole market, you risk both positive and negative deviations from it. Here's maybe a bigger-picture point, though. I happen to think ""beating the market"" is a big old distraction for individual investors; what you really want is predictable, adequate returns, who cares if the market returns 20% as long as your returns are adequate, and who cares if you beat the market by 5% if the market cratered 40%. So I'm not a huge fan of investment books that are structured around the topic of beating the market. Whether it's index fund advocates saying ""you can't beat the market so buy the index"" or Greenblatt saying ""here's how to beat the market with this strategy,"" it's still all about beating the market. And to me, beating the market is just irrelevant. Nobody ever bought their food in retirement because they did or did not beat the market. To me, beating the market is a game for the kind of actively-managed mutual fund that has a 90%-plus R-squared correlation with the index; often called an ""index hugger,"" these funds are just trying to eke out a little bit better result than the market, and often get a little bit worse result, and overall are a lot of effort with no purpose. Just get the index fund rather than these. If you're getting active management involved, I'd rather see a big deviation from the index, and I'd like that deviation to be related to risk control: hedging, or pulling back to cash when valuations get rich, or avoiding companies without a ""moat"" and margin of safety, or whatever kind of risk control, but something. In a fund like this, you aren't trying to beat the market, you're trying to increase the chances of adequate returns - you're optimizing for predictability. I'm not sure the magic formula is the best way to do that, focused as it is on beating the market rather than on risk control. Sorry for the extra digression but I hope I answered the question a bit, too. ;-)"


"This article reads like a puff piece for unions. With that, it makes one fatal assumption - that unions are good.   It also provides cherry-picked ""proof"" to support the positions and spouts of numbers that make no sense - ""the largest 300 co-ops together constitute the ninth largest economy."" What a meaningless, non-supporting comment to end with."


A major consideration is also formula.  IF your child is breast fed, it will save you some money, but it doesn't work for all children.  There are also a wide variety of prices/qualities of formula.


> Russia seems doomed to remain a ‘Third World country with a First World military’   Considering how the Supreme Court has been stacked (not to mention the other two branches of the government), seems this is where America is headed as well.


As an investor you must remember to forgive yourself. However, you must not only forgive but make it up to yourself by putting in the hours of study necessary to ensure that what you are forgiving yourself for will not happen again. Studying (finance, fundamental analysis, statistics, etc.)will also help you to worry less. Once you have put in the hours of study necessary, you can turn to any of a number of still relatively conservative strategies, such as seeking out undervalued blue-chip stocks to purchase or selling covered call options. Good luck.


"This is the best tl;dr I could make, [original](https://www.bloomberg.com/view/articles/2017-07-21/be-clear-eyed-about-democracy-s-weaknesses) reduced by 86%. (I'm a bot) ***** > In her new book, &quot;Democracy in Chains: The Deep History of the Radical Right&#039;s Stealth Plan for America,&quot; Nancy MacLean writes that my Bloomberg View colleague Tyler Cowen, by questioning American political institutions, was creating &quot;a handbookfor how to conduct a fifth-column assault on democracy.&quot; As the Hoover Institution&#039;s Russ Roberts pointed out, Cowen&#039;s quote was taken out of context.  > Yes, democracies appear to have a modest statistical advantage when it comes to economic growth.  > What&#039;s more, there&#039;s a chance that the modest correlation between democracy and growth is driven by one massive outlier - the U.S., whose alliance and patronage was undoubtedly a big economic advantage for many democratic countries during the 20th century.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6os4ei/be_cleareyed_about_democracys_weaknesses/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~172688 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **Democracy**^#1 **good**^#2 **economic**^#3 **people**^#4 **system**^#5"


I'd share my google sheet I have comparing the two, but in the interest of keeping myself at least a little private, I'll use a made up situation with real numbers.  **Meet Bob.**  Front End dev.  Single.  5y exp in industry.  Likes to live well, in a nice place.  Has no expensive hobbies, or otherwise uncommon expenses.  [Makes 70k in Indianapolis](https://www.paysa.com/salaries/indianapolis,-in--l).  Lives off 50k, puts 20k in the bank yearly.  Receives job offer in Valley. Lets say he makes 170k, which is easily possible.  With a small company, you might expect ~120k.  With a giant, you'd probably be looking at ~200k+.  Both numbers include any RSUs.      **Salary Sources for San Jose**  San Jose was chosen, as many sites simply lump this greater area together as San Jose.  Its just easier, and does not make a huge different in the numbers.  I'm not a front end dev, but 170 is in the ballpark of my offers with larger companies in the valley, as a personal data point.  * [Paysa, which sources salary reports from actual professionals.  Typically from more larger, established companies \(Google, MSFT, Facebook, Linkedin, Amazon, etc\)](https://www.paysa.com/salaries/san-jose,-ca--l) * [Indeed, which is much more bottom of the barrel generally speaking.  No large company is throwing their job on Indeed.](https://www.indeed.com/jobs?q=Javascript&l=San+Jose%2C+CA)  **Cost of Living**  Lets see how the COL breaks down.  Im using [this breakdown of what people spend their money on](http://www.businessinsider.com/how-americans-spend-most-of-their-money-2017-1) to get ideas.  Lets say Bob was spending 60k in Indy, saving 20k/yr.    * Rent - $1400/mo apartment, $17000/yr * Food - $20/d, $7300/yr (Bob is a bad cook/lazy) * Transportation - it looks like we can [estimate high and say 10k](https://www.valuepenguin.com/average-household-budget) * Taxes - $14k - https://smartasset.com/taxes/income-taxes#FB9ktMO6uP * 10k on other misc. - Healthcare, Entertainment, shit around the house, new socks, etc  (breaks down to $190/wk)  **Total: ~60k**  Lets first try just using COL calculators, which were in the ballpark, but generally high, compared to what I found when breaking down my own expenses.  * [Salary.com says 100% COL increase.](http://swz.salary.com/CostOfLivingWizard/Layoutscripts/Coll_Result.aspx) * [Nerdwallet says 100% COL increase for SF \(SJ not available\).](https://www.nerdwallet.com/cost-of-living-calculator/compare/indianapolis-vs-san-francisco) * [Numbeo puts Consumer prices, including rent, to be ~50% higher.](https://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=United+States&city1=Indianapolis%2C+IN&country2=United+States&city2=San+Jose%2C+CA&amount=4%2C500.00&displayCurrency=USD)  For the sake of argument lets run with the the assumption it costs Bob double to continue his standard of living, based off the above.  As you mentioned, and as I fully agree, housing is the biggest expense, so lets check my assumption there.  A Zillow search for Sunnyvale proper, very close to all of the tech giants HQs, shows [1BR in good conditions and of decent size \(700sqft+\) run anywhere between 2.3k to 3.5k](https://www.zillow.com/homes/for_rent/Sunnyvale-CA/condo,apartment_duplex,townhouse_type/54626_rid/1-_beds/37.395016,-122.002616,37.348838,-122.064414_rect/13_zm/).  Lets plan for the worst, and say its 3.5k.  Thats 42k/yr.  Living this close (literally biking distance) is a luxury, but lets say Bob hates commuting, so hes willing to pay as such.  Lets not forget Uncle Sam, and more specifically, California's uncle Sam, which is extra greedy.  He will want [roughly 65k](https://smartasset.com/taxes/income-taxes#kMLNaWg8M9), rounding up.  The other big expenses are food and transportation.  Lets say food is 50% more expensive, going with your argument.  7300 * 1.5 = 11k.    Lets say the same for Gas, and general transportation (there is no parking situation in the greater valley - that is a San Francisco downtown city issue, so ignore that).  10 * 1.5 = 15k  Same for everything else.  50% markup.  That laptop in Indy that cost 2k now costs 3k (absolutely not true, but lets roll with it.) . Healthcare too.  10k * 1.5 = 15k  Total San Jose / mid-valley COL: 15k + 15k + 11k + 65k + 42k = 130k.  So using high estimates for everything, Bob now spends 130k of his new 170k salary.  **He now gets to save 40k, double what he did before**.  He also now hopefully has a great name on his resume which will literally open doors, a RSU package which will refresh yearly, **making him earn 500k/yr within a decade**, and will be at the center of his industry.  Keep in mind, this is only coming at this from the mindset of someone in tech.  If I wasn't in tech, I would never, *ever*, ***ever*** consider moving to the valley unless I was bankrolling some other job.  But for tech, the logic is there.  I'm sorry if I upset you, but I've literally broken down my expenses and done all this math for my actual situation.  Lets not even get started with the other perks.  For a large tech company, which is a very realistic goal for someone decently good and easy to work with in tech, you get unlimited vacation, a free for all budget of 2k for training, free lunch and snacks, shuttle service if you live in main hubs (the city, etc), great weather, can ski and surf in the same day - all things you likely do not get in a midwest tech job.


What about non-financial benefits of a bank robbery? I'm sure there are some people out there who just like the adrenaline rush of being in that type of situation, regardless of whether or not it will be worth it in the long run.


Becuase it's not redistributing wealth. Redistributing wealth does not require rich people spending money, it requires taking that money and giving it to people with not as much money. That's a huge difference. The effects of each are vastly different. There are different incentives and demands created with each practice, and, ultimately, different societies are created. Giving a man a dollar for a good/service does not have the same consequences of taking the mans dollar and giving it to someone else because you think one deserves it more, based purely on the disparity of wealth.


One point I don't see above: Consumer's Union (the nonprofit which publishes Consumer Reports) has a service where, for a small fee, they'll send you information about how much the car and each option cost the dealer, how much the dealer is getting back in incentive money from the manufacturer,  and some advice about which features are worthwhile, which aren't, and which you should purchase somewhere other than the dealer.  Armed with that info, you can discuss the price on an equal footing, negotiating the dealer's necessary profit rather than hiding it behind bogus pricing schemes. Last time I bought a new car, I got this data, walked into the dealer with it visible on my clipboard, offered them $500 over their cost, and basically had the purchase nailed down immediately.  It helped that I as willing to accept last year's model and a non-preferred color; that helped him clear inventory and encouraged him to accept the offer. ($500 for 10 minutes' work selling to me, or more after an hour of playing games with someone else plus waiting for that person to walk in the door  -- a good salesman will recognize that I'm offering them a good deal. These days I might need to adjust that fair-profit number up a bit; this was about 20 years ago on an $8000 car... but I'm sure CU's paperwork suggests a current starting number.) It isn't quite shelf pricing. But at least it means any haggling is based on near-equal knowledge, so it's much closer to being a fair game.


This is why anti-monopoly legislation is horse shit. The only people who complain about monopolies are small, inferior, less-efficient businesses. They're the reason why anti-trust legislation came about in the first place.  Why would you want smaller, inferior, less-efficient businesses in the first place? Let market forced dictate who is best. Competition will either create a new market or successful business, or force the monopolies to innovate to keep up.


don't blame china, look at yourselves in the mirror Stupmerica.  nobody put a gun to your head to move your manufacturing to china.    china just a scapegoat for the greed and incompetence of US corporations and US government.    The US multinational are making out like bandits, while the avg chinese worker still make peanuts, the factory boss makes peanuts compared to the avg american ceo,  where did all the wealth transfer go to?  Wall street and golden parachutes.  and dat's the truth.   China can't revalue its currency, too much depends on a low yuan, unless it wants its factories to close overnight and have mass rioting.   idiot economists, best think befo you open your damn moufs, foo.


You are correct, and by bringing this up, you forced me to actually look at my earlier claims...  [Seritage has no listed properties in Canada,](http://www.seritage.com/properties) meaning that any claims I made that Lampert would make bank from Sears Canada going under from rentals is completely false.


"I'm in a similar situation, but I live in a state that doesn't allow mortgagees to ""walk away"" without recourse. I would consider a short sale or otherwise abandoning the property if: At the end of the day, real estate is an investment, and you don't realize gains or losses until you close the position. The ""ra, ra"" crowd that thought that real estate was going to boom forever in 2006 was just as wrong as the ""bad news bears"" crowd that thinks that real estate will never recover either.  Investments rise and fall. Many people who bought houses in the 1980's boom (recall the S&L crisis) were underwater for years until prices started rising in the mid-90's. You haven't lost money until you realize that loss."


I stopped reading after decline in real US dollars, have you see n the recent data?  Secondly the DOW is NOT A PRICE!!!!, it is a level (thats what an index is!)  Check the fundamentals, track the price changes of normal things you buy and that is inflation, using market indices as a proxy for inflation is stupid and sample dependent (you can sample before and after merkel says eurobonds and get different results...)


"It really depends. I find it useful, but then again I'm the kid that went to professor's office hours just to learn more. Others that have the same degree from same school think it's useless, but these are the kids that didn't go to professor's office hours to learn more.   As far as public thought, it is generally seen as subpar, but if you have an entrepreneur spirit you don't have to worry about ""landing"" a job. Economics will equip you well for the right type of person. If you want to be a worker bee, I suggest accounting or finance."


The politics of being a German leader must be daunting.  It is easy for any opposition party to paint the story about the industrious German subsidizing the lazy Greek.  It is harder to tell a nuanced story about how much the union benefits Germans and that they are taking the brinksmanship too far.


Looking at college graduations -- computer science and engineering graduates about 20~25% women annually; while business majors is an even split.  It shouldn't come as a big surprise that the industries in which they concentrate reflect this.


I can probably rent the house out for about $1,600. If sell now I can get 180k at the most. My mortgage will be $1,800 with tax and insurance. If I use the 180k to pay off the house, I can refinance the loan for a lower interest rate too. I think I know what I want to do but just need a second opinion. Thanks btw


If it's number of years and the interest is per-annum the formula is the same as the normal one.  this should work on most hand-held calculators.


"If you ask ten different couples what they do, depending on a variety of factors, you'll get anywhere between two and ten different answers. One personal finance blogger that I read swears by the fact that he and his wife keep their finances totally separate.  His wife has her own retirement account, he has his.  His wife has her own checking and savings, he has his.  They pay fifty-fifty for expenses and each buy their own ""toys"" from their own accounts.  He views this as valuable for allowing them to have their own personal finance styles, as his wife is a very conservative investor and he is more generous. My spouse and I have mostly combined finances, and view all of our money as joint (even though there are a smattering of accounts between us with just one name on them as holdovers from before we were married).  Almost all of our purchasing decisions except regular groceries are joint.  I couldn't imagine it any other way.  It leaves us both comfortable with our financial situation and forces us to be on the same page with regards to our lifestyle decisions.  There's also the ideological view that since we believe marriage united us, we try to live that out.  That's just us, though.  We don't want to force it on others. Some couples find a balance between joint accounts and his and her fun money stashes.  You might find yet another arrangement that works for you, such as the one you already described. What's going to be important is that you realize that all couples have the same six basic arguments, finances being one of them.  The trick is in how you disagree.  If you can respectfully and thoughtfully discuss your finances together to find the way that has the least friction for you, you're doing well.  Some amount of friction is not just normal, it's almost guaranteed."


The business may not have paid any direct tax towards profit. However it would have paid tons of indirect tax like Sales tax / Service tax on the goods / services rendered. The raw material that he has purchased from vendors [leading to demand] would have been taxed. The salary he has paid [hence employees paying personal tax]  So essentially even from a loss making venture, the Govt has received enough tax money.


This isn't your standard finance job. They likely bring in a ton of candidates and set them loose trying to find people to buy stocks. The ones who are not good at bullshitting people into buying the stock just get cut with minimal lost to the company (that is why they pay minimum wage). Some people are amazing at sales and they can convince people to buy a bag of shit, so they will become very rich. Most other people don't do so well and they get cut pretty quick.  As a career choice, I don't like this because there are other opportunities where you at least get paid okay in the early stages. Minimum wage in NY sucks ass. And if you suck at it, you get cut after a month or two and your commissions probably suck, so you'll be broke. At least, I-Bankers that get cut still have some money in the bank.


Traveller check require one signature at top when the check are purchased. Matching signature at bottom when you want to encash. So if there is no signature, you would need to get her signature, or as suggested mail it to her and get a regular check.


Your tax return will be due on April 18th of 2017 for the amounts made in 2016. Based on the figures that you have provided, assuming you are 18, and assuming you are a single taxpayer your total tax will be around $2600.00 ($2611.25 to be exact, without additional credits or deductions to AGI accounted for). The $1,234 in fed. inc. tax that you have already paid is considered to be a prepaid by the government. If at year-end you have provided more than you have made the government will refund you the excess (federal tax return).


He said firing government workers was the solution.  Obviously, if we've got far, far fewer government workers that any any point since World War II, that might _not_ be the solution.  I _know_ government _spending_ is sky high -- and I think we need to address and cut our rampant military, and also streamline and make more efficient Social Security and Medicare (which are, by far, the two biggest social programs).


The home owner does not start foreclosure, the bank decides when to foreclose.  Therefore you cannot really decide a time to foreclose if you are trying to time the decision. The process You miss payments, and the banks will send you a late notice for the missing payments.  Expect many notices. The bank will call you at home, on your cell phone and at work.  They will mail you letters regarding the missing payments. If you continue to miss payments, the bank will probably demand the loan be paid in full.  You will owe the bank the full balance of the principle, all past due interest, all past due late charges and junk fees.  The bank won't even take a normal monthly payment from you should you try to pay your regular payment again. Some law enforcement will notify you on the bank's intent to foreclose.  The bank has begun legal proceedings. Legal notices are published in the local newspaper. Soon the notices and the legal waiting period will expire.  Court proceedings happen.  The court will then allow the bank to foreclose. Notices to into the paper again about the updated status of the foreclosure. The house is sold at auction. Money from the auction is used to pay taxes owned, then mortgages, then other liens or creditors who file. Further debt for the home owner Taxes When sold, if the mortgage debt exceeds the home's fair market value, US Federal Tax rules say the selling price as the fair market value. The fair market value can still be higher than the tax basis (which I think is the value of the house at the time of original purchase plus improvements.).   If the fair market value is higher, you will own taxes on sale.  However tax rules in the US say if you have owned the home more than two years and make less than $250,000 in the transaction ($500,000 if married) you will not owe any tax.  State taxes can be different. Additionally, if the mortgage lender forgives the debt and doesn't create a deficiency, that income is taxable as well.  This is more an more common these days.  There are exceptions if the home is your primary residence. This whole process an take several months to occur, but depends on where you live.  If you continue to live in the home after the auction, the new owner must evict you from the property which is another set of legal proceedings. Your credit and ability to buy are home will be damaged for the next several years. I am not so sure on how PMI works for the banks, but I know they are getting some money back.


"Yeah I knew you would bring that up. But what about the guy who is getting called a racist but really does have black friends? What do you say to that guy? That's like the old saying, ""If you bust on gays you must be gay."" Super retarded logic, but expected. I am getting a full picture now, keep it coming.   Look, muslims all follow this Koran book, it's their fucking bible, which has over a 100 verses about fucking up non-believers. I don't think anything more has to be said than that if you are a logical thinker. Now if none of the muslims were acting up, maybe you could say ""hey, it's just a book, they don't follow it to the T"" but tons of them are going around quoting the book, praising the peadophile who's the head of the whole thing, and stabbing, hacking and running over innocent people.   Seriously man, what part of that don't you get?"


>Sounds like a bitter douchebag who got passed over by some awesome bootstrappers. >Wait, what?  If you're not going to reply with substance, why reply at all?  Edit to your edit: You did shake things up, I've got to give it to you.  I like discussions though, which is why I was trying to have one.  You shook me up, part 1 was complete.  It's on to the next stage now.


When it's one of the few jobs in the area and all you're qualified for, yeah, you probably don't want to be replaced by a touch screen. It's not like people *want* to work at McDonald's, they want to be able to pay bills and maybe get a little further ahead in life.


At the point when a finance manager uae is utilized in an expansive enterprise, their part will as a rule be more worried about vital investigation, and finance manager uae working for littler organizations and associations may just need to get ready and gather accounts. a finance manager uae - https://www.linkedin.com/in/abhishek-datta/


High Class Portable Restrooms and Mobile Toilets on Rental are available for all type of open air events. These toilets are much comfortable for ladies and gents. Onsite Rental services Pvt Ltd. offers Air conditioned toilets and restroom to make your events successful.  For more information Give us a call- 01129836752 and Email- info@onsiterentals.com


"As other people have indicated, traditional IRAs are tax deductable for a particular year. Please note, though, that traditional IRAs are tax deferred (not tax-free) accounts, meaning that you'll have to pay taxes on any money you take out later regardless of why you're making the withdrawal. (A lot of people mistakenly call them tax free, which they're not). There is no such thing as a ""tax-free"" retirement account. Really, in terms of Roth vs. Traditional IRAs, it's ""pay now or pay later."" With the exception of special circumstances like this, I recommend investing exclusively in Roth IRAs for money that you expect to grow much (or that you expect to produce substantial income over time). Just to add a few thoughts on what to actually invest in once you open your IRA, I strongly agree with the advice that you invest mostly in low-cost mutual funds or index funds. The advantage of an open-ended mutual fund is that it's easier to purchase them in odd increments and you may be able to avoid at least some purchase fees, whereas with an ETF you have to buy in multiples of that day's asking price. For example, if you were investing $500 and the ETF costs $200 per share, you could only purchase 2 shares, leaving $100 uninvested (minus whatever fee your broker charged for the purchase). The advantage of an ETF is that it's easy to buy or sell quickly. Usually, when you add money to a mutual fund, it'll take a few days for it to hit your account, and when you want to sell it'll similarly take a few days for you to get your money; when I buy an ETF the transaction can occur almost instantly. The fees can also be lower (if the ETF is just a passive index fund). Also, there's a risk with open-ended mutual funds that if too many people pull money out at once the managers could be forced to sell stocks at an unfavorable price."


I'd listen to the person who doesn't want tax deferral.  S/he is wise. I'd do it in a taxable account.  Talk about the investments all you want, pool your knowledge, but invest privately and separately. Pay your taxes and be done with them.


Everywhere, do a little reading. Ive wouldn't sit in a meeting with him unless Cook was there to moderate. If you have two VPs who can't sit across from each other and be productive, one of them has to go.


I would say it isn't the best. There's a new NIST face recognition vendor test coming up that is good for evaluating company algorithms. I doubt face.com will enter considering they have been bought by Facebook, but I'm not sure they would have entered even if they had not been bought.


There is the underpayment penalty, and of course the general risk of any balloon-style loan. While you think that you have enough self-discipline, you never know what may happen that may prevent you from having enough cash at hands to pay the accumulated tax at the end of the year. If you try to do more risky investments (trying to maximize the opportunity) you may lose some of the money, or have some other kind of emergency that may preempt the tax payment.


"Yes. You do have to pay taxes in the UK as well but it depends on how much you have already been taxed in the US. http://taxaid.org.uk/situations/migrant-workernew-to-the-uk/income-from-abroad-arising-basis-vs-remittance-basis Say, you have to pay 20% tax in the UK for your earnings here. You ARE required to pay the same percentage on your foreign income as well. Now, if your ""home"" country already taxed you at 10% (for the sake of example), then you only need to pay the ""remaining"" 10% in the UK. However, the tax law in the UK does allow you to choose between ""arising"" basis and ""remittance"" basis on your income from the country you are domiciled in. What I have explained above is based on when income ""arises."" But the laws are complicated, and you are almost always better off by paying it on ""arising"" basis."


Even if you exhibit some of the aforementioned symptoms though, experts caution against taking actions or treatments without consulting with your doctor first. This is because these signs might also be caused by thyroid conditions or complications from medication you take. Your best bet would be to get a blood test.


Welcome to Hungarian Games. We are a escape game provider company, which is located in Dubai,  UAE. We provide the best games service in Dubai from previous many years. Our services are Escape Rooms in Dubai, Art Studio, Escape Game, foot snooker. If you want to play Hungarian games, then you can visit our website. The first escape game is developed in hungry,  but now world's first escape room in Dubai.


E cig, E Cigarette, Electronic Cigarette, Buy E cig, Good quality Electronic Cigarettes, Cheap E-cigarettes at Steamlite India No. 1 supplier of electronic cigarettes with fast next day delivery.  We sell E cig, E Cigarette, Electric Cigarette, Electronic Cigarette, E Cigar, Cartridges, Refills, E Liquids, E Juice, E-Cig Carry cases and E-Cigarette accessories. On our website you can learn about how e cig works, what is e cigarette, comparison and a lot of other information.


Loan Service Providers in Delhi & NCR, Get contact details offering various Loans to customers from many Banks. Loan Against Property can get you a higher loan amount for your business or personal needs with the benefit of lower EMI.


A mortgage lender will not usually lend more than they could get if they had to repossess the property and sell it to recover their investment (in the U.S. it is generally accepted that 80% of market value is the golden number that makes the mortgage work).  That's why an appraisal is required. Even with 50% down, the numbers might not add up if your property is appraised very low (extremely unlikely, though. It's more likely your realtor is inexperienced).


I said Yahoo because it was hot for a while and now it's not. Tons of people who bought at the top when their P/E was stupid, lost their ass. That was entirely the point. Websites, like Hot Pockets, may exist forever but they don't stay hot forever.


How old are you? With $15k, I assume late twenties.  Do you still use your credit cards? or is this just past accumulated debt? (paying them off will do you no good if you just run them back up again.)  Does your employer match you contributions? How much? Are you fully vested in their contributions?    In general, it is not a good idea, but under the right circumstances it isn't a bad idea.


"Wikipedia has a nice list of currencies that use ""cents"" and currencies that use 1/100th division that is not called ""cent"". Cent means ""100"" in Latin (and French, and probably all the Roman family of languages), so if the currency is divided by 100 subunits - it will likely to be called ""cent"" or something similar in the local language. The list of currencies (on the same page) where it is not the case is significantly shorter, and includes countries with relatively ancient currency units that were invented before the introduction of the decimal system (even though now they are in fact decimal they still kept the old names, like the British ""pence"" or the Russian ""kopek""). The point is that ""Dollar"" and ""cent"" are not directly related, many currencies that are not called ""Dollar"" are using cents as well (Euro, among others). It just means ""1/100th"", and it is safe to assume that most (if not all) of the modern currencies are divided into 1/100th."


"You are correct.  Credit card companies charge the merchant for every transaction.  But the merchant isn't necessarily going to give you discount for paying in cash.  The idea is that by providing more payment options, they increase sales, covering the cost of the transaction fee.  That said, some merchants require a minimum purchase for using a credit card, though this may be against the policies of some issuers in the U.S. (I have no idea about India.) Also correct.  They hope that you'll carry a balance so that they can charge you interest on it.  Some credit cards are setup to charge as many fees as they possibly can.  These are typically those low limit cards that are marketed as ""good"" ways to build up your credit.  Most are basically scams, in the fact that the fees are outrageous. Update regarding minimum purchases: Apparently, Visa is allowing minimum purchase requirements in the U.S. of $10 or less.  However, it seems that MasterCard still does not allow them, for the most part.  Moral of the story: research the credit card issuers' policies.  A further update regarding minimum purchases: In the US, merchants will be allowed to require a minimum purchase of up to $10 for credit card transactions.  (I am guessing that prompted the Visa rule change mentioned above.) More detail can be found here in this answer, along with a link to the text of the bill itself."


know GIPS, basic portfolio theory / allocation, stocks / bonds.  Honestly most of the stuff in private wealth management isn't that complex and banks tend to be ultra conservative, so expect boring work of holding bonds till maturity, SPY's, JNJ's, GE's, JPM's etc.


"Since this the business subreddit (or used to be), what about the effect that ""age-retardation"" would have on wealth distribution?  Imagine if Rockefeller or Edison was still alive to own, manage, and profit from their respective empires?"


>  It costs as much to project for one guy as for a packed house.  I don't have specific knowledge about movie licensing, but I'd be VERY surprised if the number of tickets to a given showing didn't factor into the actual price paid to the rights holder. I mean, we live in a world where ASCAP charges bars for jukebox plays based on an estimate of how many people in the bar could hear the song.....


"we clearly want something different in life. Thus inequality. Because it makes us both happier it is a fair and just inequality.  Not sure if we need constant growth as long as our economy is constantly changing.  It is kind of obvious that someone will invent/discover something and someone else will need to adapt afterwards. There always will be a first mover.   I don't see how you can justify total equality and accept stagnation. That is some gangster attitude.   We neither need perfect equality nor extreme inequality. Therefore we need fair inequality. Kind of obvious! But like you said wth is ""fair inequality""! it is for you to define what is acceptable. That is why we  vote in our democracy"


I checked my account right before lunch because i was still thinking about what i wanted to do for my B-day.  I had just got paid and my account was $30 and change.  I had also just written my rent check as well.  Some ass hat used my card and withdrew $300 at like 5 different atms(i'm assuming because they had different POS ID numbers) within like 5min. i didn't even know you could withdraw that much cash at once.  Needless to say i looked like a bum infront of my landlord who gave me the sure that's why your check bounced look and 1 shitty birthday sitting at home eating top ramen. And since it was cash i had to wait almost 2 weeks (seems like months when you have no cash and a dwindling supply of instant and canned foods) for the bank to replace my cash.  Yeah worst b-day ever.  edit.  oh and no i had no idea when they did it or how or where but the guy on the phone at the bank basically told me that it's happening a lot lately and asked my permission to file charges which i of course said yes to.


Just a regular bank transfer. Call your US bank and ask for wire transfer instructions. I've transferred money like that from US to Europe and back a few times. Usually fees were in low two digits ($15-$30), but depending on your bank account a sending and receiving side may charge a fee.


"I can say that I got X dollars from an account like ""Income:Benefits""... but where do I credit that money to? ""Expenses:Groceries"" Yes doesn't feel right, since I never actually spent that money on food,  You did, didn't you? You got food. I'm guessing there's an established convention for this already?  Doubt it. Established conventions in accounting are for businesses, and more specifically - public companies. So you can find a GAAP, or IFRS guidelines on how to book benefits (hint: salary expense), but it is not something you may find useful in your own household accounting. Do what is most convenient for you. Since it is a double-booking system - you need to have an account on the other side. Expenses:Groceries doesn't feel right? Add Expenses:Groceries:Benefits or Expenses:Benefits or whatever. When you do your expense and cash-flow reports - you can exclude both the income and the expense benefits accounts if you track them separately, so that they don't affect your tracking of the ""real"" expenses."


Start a Roth IRA. Keep it in low risk, short term money market or CDs. At this stage, stocks may be premature. As you build up the account, up to $5000/year, at some point, you should start buying an index mutual fund, say one following the S&P.  When you are out of school and working for real money, save an emergency account outside the IRA and shift that Roth IRA to be fully invested.  My 13 year old has her emergency account, and her Roth IRA to deposit her baby sitting money. It's never too soon to start.


Yes, I've done this. Just added the borderless account into Paypal as a new bank account and the money has now showed up in my borderless account. I used the ACH Routing Number for my USD account.


Plenty of people were upset when cars replaced horses, electrical trams and trains as the primary source of transportation.  We are still trying to constrain urban planning sprawl from the advent of car culture which currently is unsustainable.  Asphalt prices will be 3-4x higher in 20 years, million of miles of road are vulnerable.    If we had listened to many of the naysayers back then we would have foresaw some of future costs in makng a suburban culture for 100's of millions of people is impossible long term without severe economic and environmental repercussions.  Even electric cars require power to be generated somewhere and the length of a commute is only increasing in most metro areas.  Installing light rail as a band aid solution is going to run into imminent domain issues, costs and unknown amount of construction time.


"Wells Fargo and Bank of America both belong to the clearXchange bank network (https://www.clearxchange.com/about).  You can send money to anyone for free with just their email address or phone number if you both use one of these banks: (Check the list on the clearXchange website, as the above list may change.) That means you can easily transfer money from a Wells Fargo account to a Bank of America account using Wells Fargo's ""SurePay"".  To go the other direction, on the Bank of America website click on the ""Transfers"" tab, then go to Send Money To Someone -> ""Using their email address or mobile number""."


"> Well they've ""created"" what $5trillion in the last few years  I agree with you technically, but they control both the quantity and the quantity times velocity of money so they are also responsible for the lack of cashflow.   The big thing I think you're referring to is that they did this weird maneuver where they temporarily injected money into the banks, basically so they could say they were solvent without actually being solvent. Because the injections were temporary, the money never moved and was simply deposited at the fed. If, like Adam Smith, you don't consider money to really exist unless it moves, they did not create effective money, as you point out. Critically, they did not create cashflow, which is the appropriate macro definition of money. The corresponding macro variable for this is NGDP.  But actually the fed also controls NGDP, as Ben Bernanke says every time the FOMC makes its report. They just choose not to increase it, because they think that ""monetary policy is sufficiently accommodative."" I would agree with you that the present level of cashflow is inadequate, but if the Fed fixes it at the present level, nothing will increase it. This is called the Sumner critique (Sumner was raising the issue to argue, contra Keynes, that the multiplier on fiscal policy is 0), if you google it you can probably find someone to defend it better than me. In any event, this means it's not very surprising that private spending and investment doesn't lift NGDP: nothing but the fed can lift NGDP. Because it cannot create new cashflow on its own (which it could under free banking, this would be the advantage of free banking), the market must now move to a new equilibrium NGDP level while it is saddled with a large number of contracts from before 2008 that were negotiated with respect to a higher expected NGDP level. This deleveraging process is responsible for the present slump and the disinvestment you describe."