DAX

I’m wondering if the DAX in Germany is about to collapse.  The German 10 year has fallen sharply and quickly to a negative .251%, which is much worse than even the Japanese bond.  And the German bank DB looks like it’s disintegrating, despite the merger plans.  Would not be surprised to see a sharp collapse soon in the DAX like 1929 — when there are suddenly lots of sellers but no buyers.

Of course the entire easy money economic system in Europe is a complete fraud.  A currency that pays no interest has no value.  But when will someone step forward and say the emperor has no clothes?  You’ve got literally mountains of debt but no growth.  Sound familiar?

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Liberal Remedy for Everything

All the liberals and “progressives” have the same solution for everything.  Target the extremely rich — the 1 percenters — with much higher taxes.  I was listening to one politician the other day recommend a tax rate of 80% for the people in the 1 percent income bracket, and she said it without missing a beat — unapologetically.

That would mean that the government would claim 4 out of every 5 dollars earned by a member of the 1 percent bracket.  In effect, the super rich wouldn’t be working for their own self-interest anymore.  They would be working for the self interest of the government.

The top 1 percent already pay 37.6% of all the taxes, i.e., they already pay way more taxes than one would expect.  But according to these liberals and progressives, that isn’t nearly enough.

Tax Data

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Fruit?

How much fruit do you eat each day?  This was the fruit I ate today:

1 apple with cinnamon sprinkled on each half

1 orange

1 nectarine

1 banana

4 prunes

3 figs

1 small can (Doles) of crushed pineapple

blueberries covering the crushed pineapple

7 large strawberries

slices of cantaloupe

dried cranberries and goji berries sprinkled in a salad

This was a pretty typical kind of day for me fruit wise.  I might have 2 apples instead of 1 or 2 oranges.  But the above is typical for quantity and variety.  How about you?

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