SuisseBear’s Activity

Today

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SuisseBear replied to the Macro Economic Trends and Risks board. 1 hour ago

Re: IRS Hacked

Well, if the IRS budget wasn't being continually cut, year after year after year, perhaps they could update their computer systems from the 1990s


Not to mention if Congress didn't embark on costly (if not selfrighteous) [more]

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SuisseBear replied to the Macro Economic Trends and Risks board. 5:44 AM

Re: Swiss police arrest six FIFA executives

They couldn't have targeted people with more merits ;-)

Reports out now that the Swiss police looks into irregularities when granting the 2018 world cup to Russia and 2022 to Qatar... so perhaps a tiny bit of political consideration helping [more]

Yesterday

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SuisseBear posted to the Macro Economic Trends and Risks board. 5:55 PM

Underwater FX speculators vote in bailout

... not far off at least, in Poland.

We are not talking about financial-sector corporate free speech here, but homeowners having taken out mortgages denominated in Swiss Franc:


... Those who voted for me voted for [more]

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SuisseBear replied to the Macro Economic Trends and Risks board. 10:47 AM

Re: Spain 'is the new Greece'

Probably a lot of messages by the electorate here but one rhymes perfectly with the Club Med refrain:

We the people

* demand to continue living the above-our-means life style we have come accustomed to during those glorious [more]

Mon May 25

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SuisseBear posted to the Macro Economic Trends and Risks board. 5:37 PM

Fed acknowledges: ZIRP hones bubbles

... so the urge to continue must be sizable:

REYKJAVIK, Iceland (Reuters) - Central bankers should be aware of the potentially destabilizing effects of super-easy policy on financial systems, a top U.S. Federal Reserve official said on [more]

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SuisseBear replied to the Macro Economic Trends and Risks board. 4:38 PM

Re: Swiss Snitches

The Swiss Sunday newspaper "Sonntagszeitung" said the alpine nation was flooded with formal tracing requests from foreign tax authorities. In response, Switzerland had resorted to listing names, birthdates and nationalities in its [more]

Fri May 22

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SuisseBear posted to the Macro Economic Trends and Risks board. 2:36 AM

FOMC

... are the one-eyed leading the blind?

From Forbes (their bolding):

... Perhaps some of the scariest sentences in the minutes, in regard to bond market behavior, was (bold mine) “it was suggested that the tendency for bond [more]

Thu May 21

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SuisseBear replied to the Macro Economic Trends and Risks board. 4:12 PM

Re: Fear in Berlin & Brussels....

It is no light matter to shatter a currency built with ideological fervour to bind Europe together, the crown jewel of EU integration. As Mr Tsipras puts it, the eurozone is like a woollen jumper: “Once it begins to unravel, you can’t stop it [more]

Wed May 20

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SuisseBear replied to the Macro Economic Trends and Risks board. 7:59 PM

Re: Is Moody's inciting a Greek bank run?

Dunno hound,

ulterior motives cannot be excluded - that said, Greek capital flight has been widely reported so they are merely stating the (very) obvious...

NL

Boards Post

SuisseBear replied to the Macro Economic Trends and Risks board. 7:46 PM

Re: British trader dubbed 'the Hound of Hounslow'

yeah, right, lone trader operating from his parents' house in the London suburbs crashes the US markets. Scapegoat search, anyone?

Here's the FT:

... From this week’s financial headlines there emerges a new perspective on the [more]

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SuisseBear replied to the Macro Economic Trends and Risks board. 4:55 AM

Re: War on Cash watch

If a financial institution <bail-out> is getting a bank out of financial trouble, then a bail-in must be the government getting financial institutions into trouble? Is that what you mean? Bruce, others have answered already - not [more]

Tue May 19

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SuisseBear replied to the Macro Economic Trends and Risks board. 8:37 AM

Re: Low interest rates & insurance cos.

Inquiring minds want to know.


Oh it seems quite clear to me:

* rates go up and the insurers scrape by, or
* many of them will be toast prospectively, or
* insurers will be allowed to default on their contracts, [more]

NL

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SuisseBear replied to the Macro Economic Trends and Risks board. 8:08 AM

Re: War on Cash watch

I have to believe this will be challenged in court, as IIRC the currency states on the face of it: "legal tender for all debts public and private".

Well that Louisiana law has been in place since 2011 - but, I have to make [more]

NL

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SuisseBear replied to the Macro Economic Trends and Risks board. 7:57 AM

Re: War on Cash watch

Tim,

No mention in your post of those nice (well when not playing hockey ;-) Canucks.

how COULD I forget Canada - you guys rank high up there in the cashless ligue!

Cash is no longer king on airplanes, with phone [more]

Mon May 18

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SuisseBear posted to the Macro Economic Trends and Risks board. 5:56 PM

War on Cash watch

Our politicians and central bankers appear to be keen to deter us from using hard cash. This in addition to pressure by ZIRP/ NIRP/ QE to move us out of all cash (including bank cash) into overvalued stock, bond, real estate, and art markets. [more]

Sat May 16

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SuisseBear replied to the Free For All Economics board. 6:27 PM

Re: The rich don't pay their fair share ...

Nitpicking. Larger issues are at stake here, like NYC retaining market leadership in the real estate money laundering sector for foreign dignities.

You really want pesky taxes get into the way?

[more]

NL

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SuisseBear posted to the Macro Economic Trends and Risks board. 5:25 PM

OT Airplanes might be hackable

... big time:

According to search warrant documentation, meanwhile, Roberts supposedly told the FBI that his exploits granted him far more control than had even initially been feared. In two interviews, APTN reports, he admitted to having [more]

Thu May 14

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SuisseBear replied to the Macro Economic Trends and Risks board. 4:58 PM

Re: OT Lung cancer vaccine

If y'all's government has the guts to make the US politicians look like idiots internationally they get embarrassed and decide that perhaps they will make exceptions. The US government does not have the international right to make laws that apply [more]

NL

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SuisseBear replied to the Macro Economic Trends and Risks board. 12:33 PM

Re: Heads up! That latté may really cost yo

Sounds like a Millennials problem to me, most of the rest of us would never us a credit card to pay for a coffee?


Ah wait you are forgetting that governments have ample incentives to drive us out of cash - NIRP, improved [more]

NL

Boards Post

SuisseBear replied to the Macro Economic Trends and Risks board. 12:06 PM

Re: OT Lung cancer vaccine

The embargo is almost entirely US-only and is no obstacle to trade between Cuba and most of the rest of the world.


That's the theory. I practice, the US often goes to great length in making live hard for non-US firms conducting [more]

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Board Posts 7712
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Very First Post Re: Y2K (2/23/1998)
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