In a Spin
As I wrote previously, I have been trying to condense a whole month’s worth of trading into 13 days.
I attempt this as the UK is suffering some unusually cold weather (and this is a country that grinds to a halt at the sight of the first snowflake).
The strange result of these two facts is that I am experiencing one of my worst ever draw-downs (11%) but easily found a simile for the unpleasant situation… Like driving on ice, the harder you press the pedals, the worse the outcome.
Next week I am going back to the usual number of charts and the occasional, apparently beneficial, distraction. Lesson learned.
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I had to.
http://fullcomment.nationalpost.com/2010/12/04/rex-murphy-cancun-sun-speeds-decay-of-global-warming-charade/
solfest
December 6, 2010 at 4:23 pm
Oh ya I forgot.
You will make money.
solfest
December 6, 2010 at 4:30 pm
Climate change denier AND positive affirmations, I’m starting to thinking you are an American
long&wrong
December 6, 2010 at 5:58 pm
Hey!!!
DT233
December 7, 2010 at 1:13 pm
I am sorry to hear about your draw-down. I don’t know what a draw down is, but it does not sound good.
Peddles is what a salesman does.
Pedals are what you use in a car.
What I wanted to ask you was, why I came here is: would you support an international, global tax regime that would enable us to close tax havens, and stop tax evasion and avoidance?
Sorry brief. Too bloody cold in here.
Richard Lawson
December 7, 2010 at 3:47 pm
At least I have one reader who is smart enough to spot my grammatical errors (thank you + corrected).
I’m all in favour of stopping tax evasion and agree that it will have to be a global regime to stop the rush to the most favourable jurisdiction. Note that Ireland has been bailed out by the rich half of Europe but still keeps low corporation tax.
Tax avoidance will never be stopped. Companies are not moral entities, they will do all they legally can to avoid tax liabilities in exactly the same way as they look to lower all costs.
long&wrong
December 7, 2010 at 4:20 pm
Oh my.
Tsk, tsk.
(Add any other fuddy duddy expressions of dismay you can think of, then read on.)
Why would you tax a company?
Who makes all the income in the world?
Companies.
Why would you take money from those engines?
Only humans should be taxed. All humans, shareholders, employees, rich, poor, retired, everyone.
You may kiss my ring now.
solfest
December 7, 2010 at 11:40 pm
Ah yes, Solfest, I forgot your manifesto, as memorable as it was.
Taxing companies is though indirect taxation of humans (and those cats that people leave money to in their wills). I started to think about this, realised I am a trader not an accountant, realised it was 2AM and I am a tired trader and then gave up.
I was though going to make a very interesting point.
long&wrong
December 8, 2010 at 2:10 am
I’ll do it for you then.
Companies are taxed on net income.
If you do not tax that net income they can reinvest in their business which will create real (let me say it again, real) jobs.
If they do not re invest the net income and remove it from the company it is taxed.
There, I’ve solved the economic crisis.
Good night.
solfest
December 8, 2010 at 5:32 am
Companies have brought it about that they are persons in law. Legal individuals. They are even seeking to
establish that companies have human rights.
Therefore, like individual persons, they are to be subject to taxation.
Richard Lawson
December 9, 2010 at 2:28 pm