Friday, December 26, 2008

Thanks For Being With Us

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One of the most amazing things is that this DECENNIAL point was known to yours truly for close to 8 years and was given to our subscribers over few months ago!

12:18 ET 12/27/2008 Please note, BigPictures Uploaded to the Psite

Happy/Prosperous New Year to all Readers.
This day was a pretty lackluster one, but it was a positive day and we expect that to continue into new year. Meanwhile, if the market does not cooperate we will reinstate protections around 862 on EMINI and more so around 852. Good Trading

boris said... As Dear Dave told us the other day...Are not we lucky to be reading the WALL STREET JOURNAL of TOMORROW?
boris said...Dear Readers, Subscribers, Actually , I think Dave was little too modest, cause we had the WSJ of Tomorrow four over 3 months now and I had it for over one YEAR!So, would you like to be reading WSJ of tomorrow or next month or next YEAR?
OK, then you need to subscribe to one of these:

1) SEEFUTURE one year ahead $1500
2) SEEFUTURE 3 months ahead $250
3) Tailored Service $250/quarter, includes SEEFUTURE (3month)

Then Just call up the people at http://www.paypal.com/ and give them my id bchikvash@aol.com along the payment and we will give you the best service on the planet(:-

28 comments:

Vishal said...

Dear Boris

Since you like anecdotal evidence :

My friends bough a 3 bedroom townhome in a nice neighbourhood in west Fort Lauderdale for about 320,000 in 2006. Same place they cannot find a buyer (asking 190,000). A similar townhome in a neighbouring community (built in 2006) has an asking price of 140,000 from the bank.

In the same community that my friend bought, 1 bedroom condos were going for 180,000 in 2006. Now a bank is offering one for 60,000. Unbelievable.

If I were not contemplating moving from Fort Lauderdale, and IF the county would play ball when it comes to the tax assessment, I would have bought a 3 bedroom townhome, with a LOT of nice upgrades for 120,000 cash last week (super nice neighbourhood).

As long as the county wants to assess tax at 2006-early 2007 prices, they can keep the homes.

boris said...

Dear Vishal,
Great, Great info

I really appreciate.
Looks like the strapped city , state budgets are really keeping local SOPITALISTS incapable of giving up on overpriced tax system

Hallelujah!

No wonder they do not want you to leave home. They like slaves!
Of course, they do not give S
where you bring the money from as long as you pay up in TAXES

TAXES are WET DREAMS of SOPITALISTS

Good Trading

boris said...

Dear Vishal,
Would you mind telling us what property taxes are on this place?

Good Trading

John said...

Boris,

Good morning. I had to see it to believe it. Two days ago we had 21 inches of snow on the ground, now we have none. It was 60 degrees with 2 inches of rain yesterday. Flooding everywhere.

TAXES are one of the reasons I am moving. I am now paying 5600 annually for real estate taxes. We have been told that they are going up while my the housing values go down. Infamous Chicago politics, they never lay off all of the patronage workers, just increase taxes. Very few retirees from my profession stay in Chicago, you just cannot afford it.

old john- my snow problem went away.

boris said...

Dear John,
That is amazing that the taxes are so high.

The must support the salaries of public employees at all costs.?

Good Trading

boris said...

Please feel like home.
Must go bring my daughter from the train station.

Good Trading

John said...

Boris,

Not just public employees, the Sopitalists have developed such a wasteful system in this city. 10.25% sales tax. The middle class is dwindling, just the rich and the poor.

Vishal,

Taxes are the reason why I am renting in the Phoenix area initially. I realize that you cannot catch the bottom of the real estate market but it bothers me to pay taxes on an asset that is declining in value. That is, unless I catch a bank sale or foreclosure on a house that the wife loves, then all bets are off.

old john

boris said...

Dear John,
Do you know what the level of taxation is in Arizona?

Good Trading

John said...

Boris,

Yes, I do . 3 bedroom house in a gated senior community would be about 1800 annually. In an upscale suburb like scottsdale - 2200 annually.

old john

boris said...

Dear John,
That is not too bad

Good Trading my Dear Friend

xerxes said...

Hello Dear John...

What is the tax/or mill (if used)rate and what is that tax or mill rate applied to (full assessed value of home or some formula)?

I think Boris and others would better appreciate the level of tax depredation with that knowledge.

My folks had a very modest home that something like 3.3% was applied against a formula that resulted in a base amount of 90% of assessed value.....ouch...

I thought it was very stiff so I went to the town hall after my father passed and tried to swing some kind of rebate/reduction/ whatever...They told me that my mom's choices were (1) pay up or (2) sell....

Pleasant crowd they were...cough...cough...

xerxes

xerxes said...

Hello Dear Boris....

The euro opened with a belt hold stick this Monday...

Maybe they're reading your SeeFuture's chart upside down :-)

xerxes

boris said...

Dear Xerxes,
Not really,
What they have done is they overdid on SEEFUTURE one way and they are now overdoing it on the other way. It is the degree of departure from see future that should warn us how to use the SEEFUTURE itself.

The only think that is following SEEFUTURE at this point is the OIL and it is overdoing it on the other side.

This is a year of overdoing it and everything is OVER(doing) it(:-

As Indicated, with the SEEFUTURE one needs to fortify it with the degree of overdoing it and with the SHEKELS on DOllar chart.

They are , at this time, in a clear contradiction.

So, am I , I sell what is expensive ( overdone on the bullish side) and buy what is cheap ( overdone on the bearish side)


So, you can see what I do now.

Selling EUROS higher it goes and buying OIL lower it goes.

GOod Trading Dear Xerxes.

boris said...

Dear Readers,
Speaking of what is cheap.
I think the Korean WON is cheap ( down 40% against Dollar) and the Korean Market is cheap ( I mean Korean EQUITY market).

Good Trading

xerxes said...

Hello Dear Boris....

Thank you for the comment...

If Stanley whacks rates then maybe the Euro/Shmeck will 'decouple'...

And then the shmeck will become more dollar-like and less of a euro clone, i.e., start sinking with the buck vis-a-vis the euro and franc...

On a lighter note, with EurGBP approaching parity, I wonder if we'll hear less English spoken on the continent :-)

xerxes

xerxes said...

The Euro daily really looks like a classic cup and handle with the handle nicely within the upper 1/2 of the cup and a cup with a pretty nice U shape....

oscillators look good for euro on daily as well... and the Germans haven't yet delivered the new dollar plates and ink and paper for obama :-)

xerxes

boris said...

Dear Xerxes,
Decoupling you speak about has already happened.

SHEKEL is losing a lot against EURO even as it holds somewhat against Dollar.

When we say the coupling that does not imply the degree, but the form!

Meaning the charts may look the same with the same or close turning points, but the degrees of moves could be entirely different.

Which is already the case ( for your decoupling)

Good Trading

John said...

Xerxes,

In Chicago the taxing bodies use a very complicated formula based on the assessed valuation. There are different taxing bodies all built into your bill. This way the thieves find it easier to steal money. as an example- cook county, cook county hospital, forest preserve, school board, sanitary district, city of chicago- they are all lumped together along with a multiplier. It is all BS- just another way to steal. I am not familiar with Arizona, just that as of now, much lower tax rate.

old john


Boris

good morning

boris said...

Dear John,
Good Morning to you

Taxes in Chicago, sound as complicated the CDOs and CLOs that took down down the banks and investment banks.

Yes, that is the way thieves prefer to work.

Right on Dear John,

You are not kid to be fooled easily.
Thank God

Good Trading

John said...

Boris,

Yes , very similar to CDOs etc. , just to confuse the masses. I will have a new email starting the first, I will email you.

old john

Vishal said...

Dear Boris, sorry I did not reply sooner, took Sunday off :)

The property tax is assessed as 25 mils on 270,000, that comes to about $7000 approximately (maybe a few hundred less)

No way Im paying $500+ per month on tax and then paying home owner's dues of $300 a month as well. I'll rent.

Vishal said...

Dear John, you have it good in Arizona.

I was paying almost $2800 a year on my condo which the county assessed at 105,000 in 2006. Im very very grateful to have sold it in April 2006. I have been renting since.

Im in Florida, there is no state income tax and sales tax is 6%. I guess thats why they have to charge 25 mils or more for property taxes. We have a Homestead system where if its your primary residence you get to knock off a certain percentage on the tax, but it would not have much of dent in the $7000 tax bill for a townhome that is worth $120,000.

Hate the sopitalists with a passion.

Vishal said...

Dear xerxes,

from my limited understanding, the county assesses the value of you home . Here in South Florida, the assessed value had always been less than what properties were actually changing hands for. Now things have changed, counties are still assessing homes at 2006 values, since they dont want to give up the tax revenue. As it is tax revenue is taking a hit from all the foreclosures.

The Homestead exemption complicates matters a bit here in Florida.

As for the mil rate, you are supposed to divide that rate by 1000 and then multiply it with the Assessed value to get your annual tax bill.

So for example, if the mil rate is 25 mils, and the county/city assessed value is 120,000, the calculation is as follows :

25/1000 * 120,000 = $3000

Please verify with a realtor/tax attorney the above info. Dont take this as advice, I maybe wrong or may have missed important info.

boris said...

Dear Vishal,
Thanks So much for all the info.
It is almost like, if you have an address in USA these days, you are going to pay for the air you inhale!

These property taxes, are killing everybody. No wonder county , city do not want to give up on the taxes, how then would a mediocre teacher will retire on 100,000.00 Guaranteed for life income , in BEAUTIFUL CALI.

Paradise if you are part teachers union. You may as well have an USA army defending your salary. Regardless if you have educated well , the subjects, or not!

Hallelujah!

Mafia always gets what it wants

Good trading

boris said...

No, wonder Dear Readers,
The society , Government, SOPITALISTs are in arms. They do not want the price reductions under any circumstances. They want the gravy train to continue CHU-CHU along.

Can you picture where the majority of the municipal/local taxes go?

Yes that is exactly where,supporting the often blown up salaries and benefits of Public Employees. They are the other army of USA. One that fights only for enrich themselves at the expense of everybody else.

It is not all corporate USA friends, it could not do it, without the powerful ally of SOPITALISTS in the Government. Be that local or Federal.

Yes! YES!

That is how it works

John said...

Boris,

Teacher's unions are the most powerful in the country. They have the working class by the short hairs. Almost all working class people have the man and the woman working. When the teachers go out on strike, the hardships it creates overwhelms the family and they march with the teachers so either the wife/husband can go back to work. Teachers can strike along with other employees, the only exception is usually the police/fire.


Vishal,

That is the reason I am renting for a few months. I think more to come and am in no hurry. The wife will be but I will calm her down.

old john

boris said...

Dear John,REaders
NOwhere, US constitution states that EDUCATION is governments business.

THey have just made this one up!
MADE UP!
Just like federal reserve
MADE UP!
Actually they passed the LOW FOR this in 1913 you can see it on this page about how FED came along


THis ia ll mafia.

Initailly and now it is used to perpetrate the worst RACIST ( initiall, becuase the money devide mostly ratial) and WEALTH lines.

ZONING etc.

Real Estate , EDUCATION , GOVERNMENT all of thse , most intractable issues are so intertwined that it boggles mind.

When the ECONOMY is Ok. it is tollerable.

When not , like now people see it all
Just Like Katrina, disaster showed how the other AMERICAL lives.

God make us strong to get over this , really , really difficult system we have created here.

Good Trading

John said...

Boris,

They did it to keep control of education. This way it is easier and more economical to keep people stupid. George Carlin has said it best. People are dumber than ever as far as seeing the truth, but they walk around with some watered down degree and are in a state of bliss.

old john