Fisher Capital Management:Leading 10 Monetary Suggestions
Fisher Capital Management Financial Blog Website
Fisher Capital Management Scam Safety and Reviews
Even though resolutions boost financial condition a great idea to accomplish in any period for year is for numerous persons discover this less difficult from the starting of the New Year. Irrespective of any time one start, the fundamentals stay identical.
Fisher Capital Management Investment shares recommendations in order to be in advance monetarily.
1. Be Compensated How Much you are worth and Save Some Part of It
This appears easy; however countless individuals have difficulty having this specific initial fundamental principle. Be positive and understand exactly what your task is worth within the industry, through executing the assessment of your expertise, productiveness, career responsibilities, involvement to the firm, and the current fee, equally within and beyond the organization, regarding what you perform. Becoming under compensated actually a thousand bucks a year may possess a substantial collective result more than the actual process of one’s employment existence.
Irrespective of the amount or perhaps how small you are compensated, you will in no way obtain be advance in case one devote far more compared to a person gain. Frequently it is less difficult to invest much less compared to this will be to make much more, and the small efforts within the amount of places may outcome in large savings. This will not usually have that which includes producing large sacrifices.
2. Adhere to the Price Range
How many people understand when the funds will be heading when one never budget? How does a person can easily established investing and saving targets when one never understands in which the cash is actually heading? People require the budget whether or not a person creates thousands or perhaps hundreds of thousands of bucks a year.
3. Settle Credit Card Accounts
Credit card financial obligation is actually the number one hindrance to becoming ahead monetarily. These small items of plastic tend to be so convenient to utilize, it is therefore very easy to overlook that it is actual cash we are coping with whenever you whip these away to pay out for any transaction, big or even little. In spite of the great resolves in order to shell out balance away swiftly, the truth is that it usually will not, and wind up having to pay much more regarding issues compared to make paid off when you made use of money.
4. Chip in towards the Pension Program
When the company has a 401(k) plan and a person do not contribute to this, you are running away through one of the finest discounts right there. Request the boss if they have the 401(k) plan (or even comparable program), and sign up right now. In the event that you happen to be contributing, attempt to increase the contribution. In case the company will not provide the pension program, think about the Individual retirement account.
5. Make Financial Savings Program
You might have discovered this before: Pay for yourself first! If perhaps a person delay till you have satisfied most ones monetary commitments prior to finding what is remaining around for saving, probabilities tend to be you will in no way possess a wholesome financial savings accounts or perhaps opportunities. Deal with it in order to fix apart the minimal for 5% to 10% of the income to get savings prior to shelling out the expenses. More desirable however, get cash instantly taken off through the income and deposit straight into a distinct account.
6. Make Investments!
Should you are contributing the pension program and the savings account as well as one may also handle to set a number of funds in to some other ventures, all the far better.
7. Improve Ones Career Rewards
Work benefits such as the 401(k) program, flexible expenditure consideration, healthcare as well as dental care coverage, and so on. are usually valued at huge money. Try to make certain you will be making the most of your own and also getting benefit of these kinds which can easily help save cash through lowering taxation or perhaps out-of-pocket expenditures.
8. Evaluate Ones Coverage Protections
Overly numerous individuals tend to be though in to spending a lot regarding life and impairment coverage, no matter if it is through incorporating all these protections to automobile mortgages, purchasing whole-life insurance if term-life creates a lot more feeling, or perhaps purchasing life insurance any time one possess absolutely no dependents. In the different side, it really is essential to an individual get sufficient insurance coverage to be able to safeguard the loved ones and also the earnings in the event of fatality or possibly impairment.
9. Revise Your Current Will
70% of American citizens do not possess a will. In case a person have dependents, irrespective of just how small or what amount a person own, an individual need a will. When the predicament is not very difficult a person may actually carry out the personal plan just like WillMaker through Nolo Press. Safeguard your own cherished family members. Create your will.
10. Maintain Suitable Data
When a person do not maintain useful data, you are most likely in no way proclaiming all the allowable revenue taxes deductions as well as credits. Established a method today and utilize this each of the year. It is a lot simpler compared to rushing in order to discover all the things from taxes period, just to skip things which may have rescued a person capital.
When a person do not maintain useful data, you are most likely in no way proclaiming all the allowable revenue taxes deductions as well as credits. Established a method today and utilize this each of the year. It is a lot simpler compared to rushing in order to discover all the things from taxes period, just to skip things which may have rescued a person capital.
Tuesday, November 15, 2011
Billionaire Ken Fisher's Q3 Portfolio Moves - Seeking Alpha : Fisher Capital Management : Livejournal
Fisher Capital Management : Blogspot
Fisher Capital Management : Livejournal
Fisher Asset Management was founded in 1979 by Ken Fisher, the author of seven money management books, three of which are New York Timesbestsellers. Fisher has been writing the Portfolio Strategy column for Forbes for more than 26 years. His stock picks beat the S&P 500 overall on average, underperforming the S&P 500 in just three years within the last 14 years. His investments outperformed the index by 24 percentage points in 2009 and 5 percentage points in 2010. We believe that by imitating the best stock picks of Fisher, investors are more likely to beat the market in the long term.
Fisher disclosed owning $547 million worth of Amazon.com Inc (AMZN) in its latest 13F. Fisher increased his position in AMZN by 6% over the third quarter. Amazon reported a 73% drop in its quarterly profit. Its third-quarter net income was $63 million, or 14 cents a share, versus $231 million, or 51 cents a share, a year earlier. But its revenue was $10.88 billion, up 44 percent from the third quarter of 2010. The drop in the profit is mainly due to its heavy spending on new tablet computer and other long-term projects. AMZN returned 0.54% since the end of September. Andreas Halvorsen also invested more than $400 million in AMZN as of June 30, 2011.
Fisher also increased his position in International Business Machines (IBM) and Google Inc (GOOG) over the third quarter both by around 3%. As of September 30, Fisher had $383 million invested in IBM and $363 million invested in GOOG. IBM returned 7.58% and GOOG gained 18.12% since the end of September. IBM reported sales of $26.2 billion for the third quarter of 2011, up 7.8% from the same quarter last year, but still a bit lower than the $26.3 billion predicted by analysts. Third quarter earnings were $3.28 per share, beating the $3.22 per share expectation. Google reported revenues of $9.3 billion for the third quarter of 2011, compared with $7.3 billion for the same period a year ago. Third quarter net income was $2.73 billion, compared with $2.17 billion in the third quarter of 2010.Stephen Mandel initiated a brand new $400+ million of Google stocks during the second quarter.
In the third quarter, Fisher initiated a brand new $43 million position in Gaylord Entertainment Company (GET), a hospitality company operating hotels, and resorts and convention centers. For the three months ending September 30, 2011, Gaylord reported revenues of $225 million, compared with $158 million for the same period a year ago. GET returned 16.96% since the end of September and has a market cap of $1.07B. Ken Griffin’s Citadel Investment Group also invested $5.6 million in GET at the end of June.
Ken Fisher’s favorite U.S. stocks are Johnson & Johnson (JNJ), Oracle (ORCL), Exxon Mobil (XOM), Schlumberger (SLB), and General Electric (GE). Fisher also likes to invest in large cap blue chip European stocks such as Siemens (SI) and Sanofi (SNY).
Fisher sold out Regis Corp (RGS), Synaptics Inc (SYNA), and Companhia Siderurgica Nacional (SID) over the third quarter. Fisher had $33.5 million, $21.1 million and $19.9 million respectively invested in these three stocks, and they had an average return of 26.81% since the end of September, beating the SPY by about 15 percentage points.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Fisher Capital Management : Livejournal
Fisher Asset Management was founded in 1979 by Ken Fisher, the author of seven money management books, three of which are New York Timesbestsellers. Fisher has been writing the Portfolio Strategy column for Forbes for more than 26 years. His stock picks beat the S&P 500 overall on average, underperforming the S&P 500 in just three years within the last 14 years. His investments outperformed the index by 24 percentage points in 2009 and 5 percentage points in 2010. We believe that by imitating the best stock picks of Fisher, investors are more likely to beat the market in the long term.
Fisher disclosed owning $547 million worth of Amazon.com Inc (AMZN) in its latest 13F. Fisher increased his position in AMZN by 6% over the third quarter. Amazon reported a 73% drop in its quarterly profit. Its third-quarter net income was $63 million, or 14 cents a share, versus $231 million, or 51 cents a share, a year earlier. But its revenue was $10.88 billion, up 44 percent from the third quarter of 2010. The drop in the profit is mainly due to its heavy spending on new tablet computer and other long-term projects. AMZN returned 0.54% since the end of September. Andreas Halvorsen also invested more than $400 million in AMZN as of June 30, 2011.
Fisher also increased his position in International Business Machines (IBM) and Google Inc (GOOG) over the third quarter both by around 3%. As of September 30, Fisher had $383 million invested in IBM and $363 million invested in GOOG. IBM returned 7.58% and GOOG gained 18.12% since the end of September. IBM reported sales of $26.2 billion for the third quarter of 2011, up 7.8% from the same quarter last year, but still a bit lower than the $26.3 billion predicted by analysts. Third quarter earnings were $3.28 per share, beating the $3.22 per share expectation. Google reported revenues of $9.3 billion for the third quarter of 2011, compared with $7.3 billion for the same period a year ago. Third quarter net income was $2.73 billion, compared with $2.17 billion in the third quarter of 2010.Stephen Mandel initiated a brand new $400+ million of Google stocks during the second quarter.
In the third quarter, Fisher initiated a brand new $43 million position in Gaylord Entertainment Company (GET), a hospitality company operating hotels, and resorts and convention centers. For the three months ending September 30, 2011, Gaylord reported revenues of $225 million, compared with $158 million for the same period a year ago. GET returned 16.96% since the end of September and has a market cap of $1.07B. Ken Griffin’s Citadel Investment Group also invested $5.6 million in GET at the end of June.
Ken Fisher’s favorite U.S. stocks are Johnson & Johnson (JNJ), Oracle (ORCL), Exxon Mobil (XOM), Schlumberger (SLB), and General Electric (GE). Fisher also likes to invest in large cap blue chip European stocks such as Siemens (SI) and Sanofi (SNY).
Fisher sold out Regis Corp (RGS), Synaptics Inc (SYNA), and Companhia Siderurgica Nacional (SID) over the third quarter. Fisher had $33.5 million, $21.1 million and $19.9 million respectively invested in these three stocks, and they had an average return of 26.81% since the end of September, beating the SPY by about 15 percentage points.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Wednesday, October 5, 2011
Fisher Capital Management Investment Strategies
Strategies-Fisher Capital Management Strategies: WARNING: Facebook Pages Can Get Hijacked (Or Not!)
Be very careful about giving anyone administrator privileges for your Facebook page.
So warns Sophos. The security company pointed out today that anyone you give admin rights to could delete the page creator from the list of administrators.
We can attest to the veracity of this: after the founder of AllFacebook moved on to greener pastures, we deleted him from the list of administrators.
While Sophos implies that Facebook would do well to add another security layer to the addition and deletion of page administrators, we think that’s unnecessary. Current admins need to exercise good judgment before extending admin privileges to anyone else, and also think carefully before deleting anyone.
We’re curious to know what you think about this so-called exploit. Watch the video below and share your thoughts in the comments section beneath this post.
So warns Sophos. The security company pointed out today that anyone you give admin rights to could delete the page creator from the list of administrators.
We can attest to the veracity of this: after the founder of AllFacebook moved on to greener pastures, we deleted him from the list of administrators.
While Sophos implies that Facebook would do well to add another security layer to the addition and deletion of page administrators, we think that’s unnecessary. Current admins need to exercise good judgment before extending admin privileges to anyone else, and also think carefully before deleting anyone.
We’re curious to know what you think about this so-called exploit. Watch the video below and share your thoughts in the comments section beneath this post.
Thursday, September 1, 2011
Fisher Capital Management Investment Solutions: The 3D scam: Reject and repeat
By Jason Hiner | April 22, 2011, 7:00am PDT
Last Friday, I departed from my normal business technology beat to talk about the geek entertainment event Game of Thrones. This week I’m going to plug into our Friday Geekend theme again, but this time the topic is something more nefarious — the entertainment industry’s misguided scam of the public.
The 3D gimmick has sadly infiltrated movies and television and is now threatening to infect video games and smartphones as well. There’s only one reason why the entertainment industry keeps relentlessly pushing this at consumers — it’s a transparent attempt to bleed more money out of people. And, while a lot of consumers have caught on to the scam, not everyone is doing enough to stop it.
3D is definitely NOT about innovation, as the industry would like you to believe. In fact, adding the current 3D effects to a movie or video of any kind subtracts from the picture. It muddies the colors and unsharpens the images, and it has to slow down the action shots because it makes people sick if things go too fast in 3D. In fact, optometrists estimate that up to 25% of people get headaches or nausea from simply watching 3D at all.
Photo credit: iStockphoto.com/4FR
My first hint at the 3D scam was in October 2009 when Toy Story and Toy Story 2 were re-released in the theaters as 3D movies. My kids were excited to see Toy Story on the big screen for the first time so we gladly ponied up the extra money to see the 3D version of the double feature. We weren’t very far into the first movie before I realized that the quality of the colors and images were actually worse in 3D. That was a big disappointment. Even my kids said that the 3D wasn’t as exciting as they thought it would be. There went an extra $24 down the drain ($3 extra for 3D for four people for two movies).
Of course, the Toy Story movies were standard 2D movies that were converted to 3D (which is actually the way most “3D” movies are still handled). So, what about movies that are natively shot with special 3D cameras, such as Avatar? I’ll admit that when I first saw Avatar in the theaters I was impressed at how well it wove in the 3D effects. But, my admiration wore off once I saw it on Blu-ray on a 240Hz LED TV and quickly realized that all of the colors and action shots suddenly came to life and really popped off the screen. That’s when it fully dawned on me what a horrible scam 3D really is. They are making us pay more money for a gimmicky, inferior experience. Sure, there are a few neat moments in most 3D movies, but the novelty wears very off quickly and it’s certainly not worth the trade-off in picture quality or action sequences.
I had started to see this coming a little sooner, and I should have pounced on it. Back at the 2009 Consumer Electronics Show, I was dazzled by the new LED TVs that Samsung showed off at its big press conference. The images were so sharp and the colors were so bright that the picture almost felt three dimensional. Plus the TV themselves were amazingly thin.
The next year, at CES 2010, I was surprised to see all of the TV manufacturers including Samsung pushing TVs with 3D glasses. I immediately felt like this was a step backward. I didn’t want to mess around with watching TV with 3D glasses. I wanted to see more super thin TVs with amazing pictures (at even better prices) like the ones I had seen the year before. After consumers rejected 3D TVs in 2010, the companies tried to come back at CES 2011 and pitch “no glasses” 3D. I wanted to shake my head and do a face-palm every time one of these electronics vendors mentioned 3D.
This is a bad detour for the entertainment and electronics industries, and they stubbornly refuse to let it die. In fact, they keep trying to push 3D on us, since many of these new products have been in planning for a year or two (before consumers started catching on to the 3D scam). The movie industry and movie theaters try to force us to only be able to watch some of their top movies in 3D (and pay extra for it). TV makers are forcing 3D into all of their new top-of-the-line LED TVs (and trying to make us to pay extra for it). Content companies are now making their Blu-ray/DVD/Digital Copy bundles include 3D discs (and trying to make us pay extra for it). Game companies such as Nintendo are integrating gimmicky 3D into their new systems. Mobile computing vendors such as HTC and LG are even trying to put 3D into their smartphones and tablets.
There’s only one way to stop the madness. Avoid 3D whenever possible.
This is a bad experiment that the industry is forcing consumers to subsidize. And since they can’t create a better product, they’ve simply latched on to 3D as a marketing ploy that the entertainment and electronics industries can use to trick people into thinking that they are getting a superior experience. It’s only working because just enough people are falling for the scam to keep it alive.
A lot of smart people have already sniffed this out and are avoiding 3D entertainment. It’s time for the rest of the public to reject 3D and stop being cheated.
It’s not that we don’t want innovation in real life imaging. Of course, we do. We just want real innovation, and don’t want to pay for badly-overpriced gimmicks and half-baked experiments.
Also read
- 3D Images Make Millions Sick, Yet Tech Companies Push On (Fox News)
- Why Are 3-D Movies So Bad? (NPR)
- Movies that should’ve stayed in 2D (CNN)
- Effects Company Specializes In Giving Movies A 3D Makeover (NPR)
- Roger Ebert: Why I Hate 3D, And You Should Too (Newsweek)
- The Curse of 3D TV (Technologizer)
This article was originally published on TechRepublic.
Fisher Capital Management Investment Solutions News Updates
RECRUITMENT giant Michael Page international has cast another shadow over the banking sector with a warning that the recent financial turmoil is adding to a recruitment slowdown.
Shares in the group have already dropped by nearly 25% in the past month as investors reacted to a report from fellow recruiter Hays of a weak UK market being held back by the financial services sector.
The shares opened 12% down yesterday as Michael Page said: “In the first six months our banking business grew strongly.
However, following the recently announced hiring freezes in the past few weeks, gross profit growth in this sector, which accounts for approximately 10% of group gross profit, has slowed.”
Major European banks including Lloyds, Barclays, HSBC and UBS have announced job cuts and hiring freezes over the past two months, as the industry grapples with tougher regulation and the impact of the eurozone debt crisis on investment banking operations.
On top of that, recent sharp falls in world stock markets on global growth fears, have prompted banks to hold off any hiring decisions.
Steve Ingham, chief executive, said: “Since this turmoil has arisen in the last few weeks these announcements have meant a lot of our banking clients have just held their breath and slowed down on recruitment, and therefore our growth has slowed a little.”
Michael Page was reporting a 38% rise in first-half pre-tax profit of £45.5m, which however fell short of analysts’ consensus forecast of £51m.
Robert Morton at Investec said he would be reducing full-year forecasts, adding that “the recent turmoil in world financial markets will have some impact on global growth rates”.
Lloyds Banking Group declined to comment on its current recruitment, while RBS would say only that it was recruiting “where we have vacancies in specific areas where we need to recruit staff”.
Wednesday, June 1, 2011
Fisher Capital Management Corporate News: S&P Debt Warning Timed to Prod Reform: Analysts | fisher capital mananagement south korea
http://www.foxbusiness.com/markets/2011/04/18/sp-debt-warning-timed-prod-reform-analysts/
By Dunstan Prial
Published April 18, 2011
| FOXBusiness
Stock market investors may not like it but stripping the U.S. of its long-term AAA credit rating may be the only way to force real fiscal reform in this country.
As the Dow Jones Industrial Average fell 140 points Monday on an announcement from Standard & Poor’s that the influential rating agency had lowered its outlook for U.S. debt to “negative” from “stable,” some analysts welcomed the warning.
“It’s good that S&P is bringing this into focus. The public at large still isn’t aware of how large the coming fiscal train wreck is,” said Axel Merk, author of “Sustainable Wealth”and president of Merk Funds.
S&P said in a report that it could take away the U.S.’s coveted AAA rating by 2013 if politicians fail to address the nation’s troubles with bloated budgets and sharply rising deficits.
Indeed, S&P said its skeptical Congress will get the job done.
“We believe there is a material risk that U.S. policy makers might not reach an agreement on how to address medium and long-term budgetary challenges by 2013,” the report states.
If nothing is done by then the U.S. would find itself in a “meaningfully weaker” fiscal position than other countries whose debt is rated AAA by S&P, and the rating agency would be forced to lower its U.S. rating.
Merk said it’s not an idle threat.
“Unfortunately, it’s dead serious,” he said. “It will happen if we don’t get entitlement reform that is serious and earnest.”
And, if that happens, the security long considered to be the safest of all safe havens – U.S. Treasury bills – will lose much of their luster in the eyes of investors. That would make it more difficult for the U.S. to issue debt, a situation that has its advantages and disadvantages.
Much like the current argument related to raising the debt ceiling, the debate can be circular. If the U.S. can’t issue bonds as freely as it has in the past, it would likely lead to an economic slowdown as it would be more difficult to fund all manner of government projects funded by debt.
Fiscal hawks might view that as a positive, however, arguing that if there is no money to fund it it shouldn’t be funded.
In the same fashion, those same fiscal hawks have argued against raising the current debt limit from its current level of $14.3 trillion, notwithstanding concerns that a default by the U.S. on its massive debt load could have a traumatic ripple effect on the global economy. Raising the debt limit, they argue, simply allows the government to spend money it doesn’t have.
No one believes the U.S. losing its AAA debt rating would have nearly the impact of the U.S. defaulting on its debt.
Dan Greenhaus of Miller Tabak observed in a note to his clients that other countries have survived the ratings cut: “The experience of Canada and Japan show that the loss of a AAA rating is not a death blow. If governmental finances can be adjusted (in the case of Canada) or domestic participants continue to find the debt attractive (in the case of Japan), higher yields on a sustained basis are not assured.”
In any event, S&P’s report seemed timed to prod politicians in Washington, D.C., toward some form of long-term deficit reduction plan at a time when the debate over government spending and borrowing is squarely in the public eye.
In addition to the debt ceiling, Congress recently wrangled over a budget for fiscal year 2011, a battle that threatened to shut down the government. President Obama, apparently seeking to regain control of the debate, last week proposed a plan to cut $4 trillion from the deficit over the next 12 years by cutting defense spending and making changes that make Medicare and Medicaid more cost efficient.
Merk said current entitlement spending is leading the U.S. down an “unsustainable” path.
“The math doesn’t work down the road,” he said.
Should a cut to the U.S. debt rating have a negative impact on global bond markets, as Merk predicts, he believes it could serve as the catalyst for genuine reform.
“The only language politicians understand is the language of the bond market,” he said. “We’ve seen it in Europe — when bond markets move, suddenly all sorts of reform is possible.”
Reform must entail sacrifices by the American people, starting with raising the retirement age for Social Security benefits. Raising taxes on the rich won’t solve America’s fiscal woes, according to Merk.
Merk said S&P’s two year deadline seemed about appropriate because the U.S. isn’t going to fall off an economic cliff tomorrow. But there are risks to putting off a solution.
As more funds are required to pay down the larger and larger debt, it offers politicians less flexibility in terms of where they can cut in order to reduce spending across all government services.
“We can wait a year or two but every year that we wait the options become more difficult,” Merk explained.
By Dunstan Prial
Published April 18, 2011
| FOXBusiness
Stock market investors may not like it but stripping the U.S. of its long-term AAA credit rating may be the only way to force real fiscal reform in this country.
As the Dow Jones Industrial Average fell 140 points Monday on an announcement from Standard & Poor’s that the influential rating agency had lowered its outlook for U.S. debt to “negative” from “stable,” some analysts welcomed the warning.
“It’s good that S&P is bringing this into focus. The public at large still isn’t aware of how large the coming fiscal train wreck is,” said Axel Merk, author of “Sustainable Wealth”and president of Merk Funds.
S&P said in a report that it could take away the U.S.’s coveted AAA rating by 2013 if politicians fail to address the nation’s troubles with bloated budgets and sharply rising deficits.
Indeed, S&P said its skeptical Congress will get the job done.
“We believe there is a material risk that U.S. policy makers might not reach an agreement on how to address medium and long-term budgetary challenges by 2013,” the report states.
If nothing is done by then the U.S. would find itself in a “meaningfully weaker” fiscal position than other countries whose debt is rated AAA by S&P, and the rating agency would be forced to lower its U.S. rating.
Merk said it’s not an idle threat.
“Unfortunately, it’s dead serious,” he said. “It will happen if we don’t get entitlement reform that is serious and earnest.”
And, if that happens, the security long considered to be the safest of all safe havens – U.S. Treasury bills – will lose much of their luster in the eyes of investors. That would make it more difficult for the U.S. to issue debt, a situation that has its advantages and disadvantages.
Much like the current argument related to raising the debt ceiling, the debate can be circular. If the U.S. can’t issue bonds as freely as it has in the past, it would likely lead to an economic slowdown as it would be more difficult to fund all manner of government projects funded by debt.
Fiscal hawks might view that as a positive, however, arguing that if there is no money to fund it it shouldn’t be funded.
In the same fashion, those same fiscal hawks have argued against raising the current debt limit from its current level of $14.3 trillion, notwithstanding concerns that a default by the U.S. on its massive debt load could have a traumatic ripple effect on the global economy. Raising the debt limit, they argue, simply allows the government to spend money it doesn’t have.
No one believes the U.S. losing its AAA debt rating would have nearly the impact of the U.S. defaulting on its debt.
Dan Greenhaus of Miller Tabak observed in a note to his clients that other countries have survived the ratings cut: “The experience of Canada and Japan show that the loss of a AAA rating is not a death blow. If governmental finances can be adjusted (in the case of Canada) or domestic participants continue to find the debt attractive (in the case of Japan), higher yields on a sustained basis are not assured.”
In any event, S&P’s report seemed timed to prod politicians in Washington, D.C., toward some form of long-term deficit reduction plan at a time when the debate over government spending and borrowing is squarely in the public eye.
In addition to the debt ceiling, Congress recently wrangled over a budget for fiscal year 2011, a battle that threatened to shut down the government. President Obama, apparently seeking to regain control of the debate, last week proposed a plan to cut $4 trillion from the deficit over the next 12 years by cutting defense spending and making changes that make Medicare and Medicaid more cost efficient.
Merk said current entitlement spending is leading the U.S. down an “unsustainable” path.
“The math doesn’t work down the road,” he said.
Should a cut to the U.S. debt rating have a negative impact on global bond markets, as Merk predicts, he believes it could serve as the catalyst for genuine reform.
“The only language politicians understand is the language of the bond market,” he said. “We’ve seen it in Europe — when bond markets move, suddenly all sorts of reform is possible.”
Reform must entail sacrifices by the American people, starting with raising the retirement age for Social Security benefits. Raising taxes on the rich won’t solve America’s fiscal woes, according to Merk.
Merk said S&P’s two year deadline seemed about appropriate because the U.S. isn’t going to fall off an economic cliff tomorrow. But there are risks to putting off a solution.
As more funds are required to pay down the larger and larger debt, it offers politicians less flexibility in terms of where they can cut in order to reduce spending across all government services.
“We can wait a year or two but every year that we wait the options become more difficult,” Merk explained.
FISHER CAPITAL MANAGEMENT warning tips | fisher capital mananagement south korea
HeatSponge SIDEKICK, Finally Revealed: Boiler Room Equipment, Inc
Fisher Capital on Boiler Room Equipment, Inc, is very proud to finally unveil the SIDEKICK line of condensing boiler economizers for commercial and industrial hot water boilers. The Sidekick has been in development for nearly two years and represents an evolutionary development of high-efficiency installations in the boiler industry. The SIDEKICK is a game changer the likes of which have not been experienced since the introduction of the first condensing boilers. The SIDEKICK offers the ability to integrate condensing boiler efficiencies to conventional boilers on a new or retrofit basis. The SIDEKICK allows a customer with a conventional boiler system the ability to realize condensing efficiency gains that otherwise would require the existing boiler to be demolished and replaced with a new condensing boiler. Conventional, non-condensing boilers can now realize the efficiency benefits of outdoor air temperature reset controls and lower circulating hot water loop temperatures. Sidekicks also allow for duel fuel condensing applications utilizing conventional boilers. The SIDEKICK features all stainless internal construction, stainless tubes and fins, and an insulated outer casing. Inspection and clean out ports make periodic maintenance and cleaning easy.
The efficiency of the SIDEKICK goes far beyond simply energy recovery to the ultra-productive process in which it is selected and designed. Heat recovery for condensing applications introduces a significant number of variables that makes a catalog-approach to equipment selection nearly impossible. Boilerroom Equipment has developed a new method of quantifying heat recovery, the Recovery Rate, and integrated this into the design. The incorporation of the Recovery Rate variable allows a customer to custom tailor the level of heat recovery and cost directly to the requirements of each specific application. We define this new concept in heat recovery design as 3D Modularity, for modular construction in three dimensions. Based on a "Mass-Customization" approach to product development, Bruce will consider all of the application design constraints and will design a SIDEKICK optimized to meet the exact performance requirements at the most competitive price. Bruce has been given the ability to consider all aspects of the heat exchanger design relative to the price of the equipment and generate a fully priced proposal all in real-time; a software and engineering accomplishment that added over one thousand hours of coding and heat transfer modification to Bruce's core program. This means Bruce can handle all inquiries and generate proposals in real time by himself. The near elimination of sales and support overhead and significantly reduced project execution overhead requirements the Bruce software provides allows us to offer a product superior to any before it at pricing and responsiveness levels no conventional competitor could hope to match.
Bruce will go on-line live on Monday December 21st with full public access to the Sidekick software. BEI will display the SIDEKICK in public at the upcoming AHR Exposition in Orlando, booth 3126. We will also have other HeatSponge models on display and based on the popularity in Chicago last year will bring the HeatSponge NASCAR Late Model stock car back for another display appearance.
Fisher Capital on Boiler Room Equipment, Inc, is very proud to finally unveil the SIDEKICK line of condensing boiler economizers for commercial and industrial hot water boilers. The Sidekick has been in development for nearly two years and represents an evolutionary development of high-efficiency installations in the boiler industry. The SIDEKICK is a game changer the likes of which have not been experienced since the introduction of the first condensing boilers. The SIDEKICK offers the ability to integrate condensing boiler efficiencies to conventional boilers on a new or retrofit basis. The SIDEKICK allows a customer with a conventional boiler system the ability to realize condensing efficiency gains that otherwise would require the existing boiler to be demolished and replaced with a new condensing boiler. Conventional, non-condensing boilers can now realize the efficiency benefits of outdoor air temperature reset controls and lower circulating hot water loop temperatures. Sidekicks also allow for duel fuel condensing applications utilizing conventional boilers. The SIDEKICK features all stainless internal construction, stainless tubes and fins, and an insulated outer casing. Inspection and clean out ports make periodic maintenance and cleaning easy.
The efficiency of the SIDEKICK goes far beyond simply energy recovery to the ultra-productive process in which it is selected and designed. Heat recovery for condensing applications introduces a significant number of variables that makes a catalog-approach to equipment selection nearly impossible. Boilerroom Equipment has developed a new method of quantifying heat recovery, the Recovery Rate, and integrated this into the design. The incorporation of the Recovery Rate variable allows a customer to custom tailor the level of heat recovery and cost directly to the requirements of each specific application. We define this new concept in heat recovery design as 3D Modularity, for modular construction in three dimensions. Based on a "Mass-Customization" approach to product development, Bruce will consider all of the application design constraints and will design a SIDEKICK optimized to meet the exact performance requirements at the most competitive price. Bruce has been given the ability to consider all aspects of the heat exchanger design relative to the price of the equipment and generate a fully priced proposal all in real-time; a software and engineering accomplishment that added over one thousand hours of coding and heat transfer modification to Bruce's core program. This means Bruce can handle all inquiries and generate proposals in real time by himself. The near elimination of sales and support overhead and significantly reduced project execution overhead requirements the Bruce software provides allows us to offer a product superior to any before it at pricing and responsiveness levels no conventional competitor could hope to match.
Bruce will go on-line live on Monday December 21st with full public access to the Sidekick software. BEI will display the SIDEKICK in public at the upcoming AHR Exposition in Orlando, booth 3126. We will also have other HeatSponge models on display and based on the popularity in Chicago last year will bring the HeatSponge NASCAR Late Model stock car back for another display appearance.
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