A Quote by Barry Sternlicht
If I had high-ticker 10 percent financing, which would probably be the market rate, I would have to dump stuff. The interest payments would be killing me.
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If you were to just design the perfect retirement plan, you would own the stock market or you would own the bond market. You would get all the costs or all that you possibly could out of the system. So on an annual basis, if the market went up 8 percent, you would get 7.8 or 7.9 percent.
If top marginal income tax rates are set too high, they discourage productive economic activity. In the limit, a top marginal income tax rate of 100 percent would mean that taxpayers would gain nothing from working harder or investing more. In contrast, a higher top marginal rate on consumption would actually encourage savings and investment. A top marginal consumption tax rate of 100 percent would simply mean that if a wealthy family spent an extra dollar, it would also owe an additional dollar of tax.
We would go to visit a wholesaler, say in Napoli. We would go out, have a very long lunch, mozzarellas, wine. We would reach an agreement. And then the client would pay with a cheque that was postdated by six months, nine months. They were financing themselves by delaying their payments.
Cold-turkey deficit reduction would cause a significant recession. A recent analysis by the Congressional Budget Office estimated that going headlong over the cliff would cause our gross domestic product, which has been growing at an annual rate of around 2 percent, to fall at a rate of 2.9 percent in the first half of 2013.
If unemployment could be brought down to say 2 percent at the cost of an assured steady rate of inflation of 10 percent per year, or even 20 percent, this would be a good bargain.
The black unemployment rate has to be twice that of the white rate in the US. If the national unemployment rate were 6.8 percent, everyone would be freaking out. We ought to not take too much solace in the 6.8 percent, but ask ourselves what can we do to bring that down to white rates, which are below 4 percent now. Some of that has to do with education, but that's just part of the story. You find that those unemployment differentials persist across every education level. I think it means pushing back on discrimination and helping people who can't find work get into the job market.
There are simple things which would make sense. Take, say, weatherization, which would make a big cut in the unemployment rate. That's the kind of work that plenty of people are quick to do, and it would save individual households money, and it would make a significant reduction in the threats of climate change. But something is holding it back: the sociopathic character of market systems.
The most realistic distinction between the investor and the speculator is found in their attitude toward stock-market movements. The speculator's primary interest lies in anticipating and profiting from market fluctuations. The investor's primary interest lies in acquiring and holding suitable securities at suitable prices. Market movements are important to him in a practical sense, because they alternately create low price levels at which he would be wise to buy and high price levels at which he certainly should refrain from buying and probably would be wise to sell.
If you had a basic income, it would mean that everybody would have a base on top of which their earned income would be taxed at the standard rate of tax. That would increase the incentive to take low-wage jobs.
Whether a bank lent one million, ten million, or a hundred millions, they would not permanently alter the market rate of interest; they would alter only the value of the money they issued.
When I was growing up, we would play a 10-over or 15-over game, and the asking-rate would always be high, and I would end up scoring 30 or 40 runs in 15 balls, so I built that mindset right from the beginning and still continue to bat in the same manner.
Under a cold turkey strategy, at each policy meeting the Federal Open Market Committee would make its best guess about where it ultimately wants the funds rate to be and would move to that rate in a single step.
Philosophy would long ago have reached a high level if our predecessors and fathers had put this into practice; and we would not waste time on the primary difficulties, which appear now as severe as in the first centuries which noticed them. We would have the experience of assured phenomena, which would serve as principles for a solid reasoning; truth would not be so deeply sunken; nature would have taken off most of her envelopes; one would see the marvels she contains in all her individuals.
Both Christian and Adrian had worried there would be some piece of Strigoi left in him, but their fears had been about violence and bloodshed. No one would have guessed this: that living as a Strigoi had hardened his heart, killing any chance of him loving anyone. Killing any chance of him loving me. And I was pretty sure that if that was the case, then part of me would die too.
Increasingly, the real estate developers can't get bank loans for their project financing in China. They're now going into the Hong Kong market to raise money in the bond market at very, very high rates, as high as 15, 20 percent.
Would your reply possibly be this? Well, it all depends on what my tax rate will be on the gain you're saying we're going to make. If the taxes are too high, I would rather leave the money in my savings account, earning a quarter of 1 percent. Only in Grover Norquist's imagination does such a response exist.
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