{"id":8996,"date":"2011-08-30T08:42:26","date_gmt":"2011-08-30T12:42:26","guid":{"rendered":"http:\/\/www.technologyinvestor.com\/?p=8996"},"modified":"2011-08-30T08:42:26","modified_gmt":"2011-08-30T12:42:26","slug":"gold-is-a-hedge-germany-decides-europes-fate","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=8996","title":{"rendered":"Gold is a hedge. Germany decides Europe&#8217;s fate."},"content":{"rendered":"<p style=\"text-align: left;\">Gold goes up when stocks go down. Gold goes down when stocks go up. Yesterday stocks went up strongly. Gold went down. On balance my portfolio which largely consists of mortgage REITs and gold was flat. My limited holdings of industrials &#8212; AMZN, CAT, BHP, COST and GOOG &#8212;\u00a0 are limping along. I see these as &#8220;trading stocks.&#8221; Buy low when they drop and sell when they move up a few points. It&#8217;s a boring, marginally rewarding strategy.<\/p>\n<p style=\"text-align: left;\"><strong><span style=\"color: #0000ff;\">How to spectacularize your house.<\/span><\/strong> My son and his lovely wife, Anne, are mulling buying a fixer-upper. My theory is to add at least one spectacular item to the house &#8212; something that makes an overwhelming\u00a0 impression when a potential buyer walks in the door &#8212; and perhaps the one thing they remember from their visit. Our New York apartment had everything we needed &#8212; location, layout, etc. But the big thing we remembered were the French polished doors. I&#8217;m sure we bought the apartment because of the doors. Last night I made a list of spectacular items to include in a house you&#8217;re fixing up.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+ Skylights.<br \/>\n+ Wine cellar.<br \/>\n+ Mud room (for taking off your wet weather gear).<br \/>\n+ Bicycle room.<br \/>\n+ Garage with neat, organized workspace (i.e. large long worktable) and neat organized place to hang tools and sporting gear \u2013 like bike racks, skis, etc.<br \/>\n+ Hidden safe in basement.<br \/>\n+ Storage place in basement \u2013 with shelves.<br \/>\n+ Electricial utlet covers that don\u2019t have screws. (I saw them recently at a hotel in Oregon.)<br \/>\n+ Local area network with RJ-45 outlets in each room and a central server rack. Also WiFi throughout the house.<br \/>\n+ One simple surge arrestor installed on the main electrical panel in basement. That way the entire house and all its appliances are protected.<br \/>\n+ Centralized sound and TV control system.<br \/>\n+ Large long desk or multiple built in desks which all the family could work at. Space for three kids and two adults.<br \/>\n+ Gym<br \/>\n+ Gas-fired fireplace. (No need for wood).<br \/>\n+ All outlets neatly labeled.<\/p>\n<p style=\"text-align: left;\">What else? Suggestions welcome.<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>It&#8217;s Germany&#8217;s call if the Euro blows up.<\/strong><\/span> And it may well. Europe is the major economic problem in the world today. If it blows, stocks here are in BIG trouble.\u00a0 From the U.K Telegraph:<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">German Chancellor Angela Merkel no longer has enough coalition votes in the Bundestag to secure backing for Europe&#8217;s revamped rescue machinery, threatening a consitutional crisis in Germany and a fresh eruption of the euro debt saga.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">Mrs Merkel has cancelled a high-profile trip to Russia on September 7, the crucial day when the package goes to the Bundestag and the country&#8217;s constitutional court rules on the legality of the EU&#8217;s bail-out machinery.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">If the court rules that the \u20ac440bn rescue fund (EFSF) breaches Treaty law or undermines German fiscal sovereignty, it risks setting off an instant brushfire across monetary union.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">The seething discontent in Germany over Europe&#8217;s debt crisis has spread to all the key institutions of the state. &#8220;Hysteria is sweeping Germany &#8221; said Klaus Regling, the EFSF&#8217;s director.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">German media reported that the latest tally of votes in the Bundestag shows that 23 members from Mrs Merkel&#8217;s own coalition plan to vote against the package, including twelve of the 44 members of Bavaria&#8217;s Social Christians (CSU). This may force the Chancellor to rely on opposition votes, risking a government collapse.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">Christian Wulff, Germany&#8217;s president, stunned the country last week by accusing the European Central Bank of going &#8220;far beyond its mandate&#8221; with mass purchases of Spanish and Italian debt, and warning that the Europe&#8217;s headlong rush towards fiscal union stikes at the &#8220;very core&#8221; of democracy. &#8220;Decisions have to be made in parliament in a liberal democracy. That is where legitimacy lies,&#8221; he said.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">A day earlier the Bundesbank had fired its own volley, condemning the ECB&#8217;s bond purchases and warning the EU is drifting towards debt union without &#8220;democratic legitimacy&#8221; or treaty backing.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">Joahannes Singhammer, leader of the CSU&#8217;s Bundestag group, accused the ECB of acting &#8220;dangerously&#8221; by jumping the gun before parliaments had voted. The ECB is implicitly acting on behalf of the rescue fund until it is ratified.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">A CSU document to be released on Monday flatly rebuts the latest accord between Chancellor Merkel and French president Nicholas Sarkozy, saying plans for an &#8220;economic government for eurozone states&#8221; are unacceptable. It demands treaty changes to let EMU states go bankrupt, and to eject them from the euro altogether for serial abuses.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">&#8220;An unlimited transfer union and pooling of debts for any length of time would imply a shared financial government and decisively change the character of a European confederation of states,&#8221; said the draft, obtained by Der Spiegel.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">Mrs Merkel faces mutiny even within her own Christian Democrat (CDU) family. Wolfgang Bossbach, the spokesman for internal affairs, said he would oppose the package. &#8220;I can&#8217;t vote against my own conviction,&#8221; he said.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">The Bundestag is expected to decide late next month on the package, which empowers the EFSF to buy bonds pre-emptively and recapitalize banks. While the bill is likely to pass, the furious debate leaves no doubt that Germany will resist moves to boost the EFSF&#8217;s firepower yet further. Most City banks say the fund needs \u20ac2 trillion to stop the crisis engulfing Spain and Italy.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">Mrs Merkel&#8217;s aides say she is facing &#8220;war on every front&#8221;. The next month will decide her future, Germany&#8217;s destiny, and the fate of monetary union.<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>We made a list of all the fees my bank had recently charged me.<\/strong><\/span> The list included charges for incoming and outgoing wires, a safety deposit box and late fees. I sent the list to the local area manager asking for a refund. A week later, I got a refund. Ask and yee shall receive.<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>My local mechanic charges $65 an hour. <\/strong><\/span>Mercedes Manhattan charges $174 an hour. Makes a big difference to a repair bill.<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Is the SEC Covering Up Wall Street Crimes?<\/strong><\/span><\/p>\n<p style=\"padding-left: 30px; text-align: left;\">A whistle-blower claims that over the past two decades, the agency has destroyed records of thousands of investigations, whitewashing the files of some of the nation&#8217;s worst financial criminals.<\/p>\n<p style=\"text-align: left;\">This is Matt Taibii&#8217;s latest <a href=\"http:\/\/www.rollingstone.com\/politics\/news\/is-the-sec-covering-up-wall-street-crimes-20110817\" target=\"_blank\"><strong>Rolling Stone article<\/strong><\/a>.\u00a0 Did I mention it before? Am I getting senile?<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>The U.S. Tennis Open is running.<\/strong><\/span> Live matches will be  on ESPN2, with repeats on the Tennis Channel. When we get to the weekend of September 10 and 11  (semifinals and finals) it will move to CBS. There\u2019s a TV timetable <a href=\"http:\/\/www.usopen.org\/en_US\/about\/tv_us.html\" target=\"_blank\"><strong>here<\/strong><\/a> and<a href=\"http:\/\/www.tennis-warehouse.com\/tv_schedule.html\" target=\"_blank\"><strong> here.<\/strong><\/a> Weather and match length force changes in the schedule.<\/p>\n<div style=\"text-align: left;\"><strong><a href=\"..\/wp-content\/uploads\/2010\/08\/HarryNewtonNewShot2.jpg\"><img loading=\"lazy\" decoding=\"async\" title=\"HarryNewtonNewShot\" src=\"..\/wp-content\/uploads\/2010\/08\/HarryNewtonNewShot2.jpg\" alt=\"\" width=\"125\" height=\"180\" \/><\/a><br \/>\n<\/strong><\/div>\n<p style=\"text-align: left;\">Harry Newton who&#8217;s now back in New York. Good news: New York is still standing. The flood damage in Vermont is devastating. My daughter Claire&#8217;s inlaws are marooned on a pretty Vermont mountain top. Local roads and bridges have been washed away.\u00a0 I offered to rescue them\u00a0 with a helicopter I&#8217;d rent. Fortunately, they said no.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold goes up when stocks go down. Gold goes down when stocks go up. Yesterday stocks went up strongly. Gold went down. On balance my portfolio which largely consists of mortgage REITs and gold was flat. My limited holdings of industrials &#8212; AMZN, CAT, BHP, COST and GOOG &#8212;\u00a0 are limping along. I see these [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8996","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/8996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8996"}],"version-history":[{"count":0,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/8996\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}