Home Income News

The top 10 misconceptions about your credit score.  Ever wondered questions like "When I get married, do we get a joint credit score or do they stay independent?" or "Does making more income at my job increase my credit score?".  Answer to all these plus more after the jump..

A tax on soda.  Is this acceptable or not?  Surely it's another way for the government to create revenue, but why soda?  Clearly this is a "sin" tax.  A tax to try and discourage the consumption of soda.  However, who is the government to nanny our consumption of food.  If you ask me, it's none of their business.  Many questions emerge from this tax.  Will this be a slippery slope? Where it starts off at a soda tax, but leads down the path towards more taxes which try to create negative incentives?  Let us know your thoughts in the comments!  Supplemental articles attached. 

I have two things to cover in this email. The comments of Seth Klarman and our deep water drillers; Atwood and Ensco.

In my December 14, 2009 email I wrote the following:

“My expectation is that the U.S. is in for another lost decade. I made money in the last lost decade and I am going to try to do so in the next. If it is not a lost decade, fine. That will make my job easier. If it is a lost decade, I need to be prepared and scared as I said in my last email.”

“Actually, if a chef were to concoct a gourmet investment recipe, he would likely blend a teaspoon of intelligence with a tablespoon of common sense.” Bill Gross

I’ve seen many articles and commentaries comment that the U.S. debt loads aren’t like that of Greece so we have nothing to worry about. To me, that is like saying your cholesterol level isn’t 1000 so you don’t have to worry.

A Closer Look at Debt

So, it is now over two years since the “Great Recession” began. It was debt that got us into trouble. Has anything changed for the better? Apparently not! The following information is from some recent comments from the managers at First Pacific Advisors. These are all people I know personally: