Friday, April 10, 2015

Mish's Global Economic Trend Analysis

Mish's Global Economic Trend Analysis


Incredible Tornado Footage from Illinois, Yesterday

Posted: 10 Apr 2015 04:05 PM PDT

A tornado touched down yesterday in McHenry Illinois, less than 10 miles from where Liz and I live. Tornadoes hit multiple locations.

Here is some incredible footage of a tornado tipping a truck over and debris flying everywhere. This footage is near Rochelle, Illinois.



"Tornado developed west of I-39 and widened as it moved toward the highway. The tornado entered it's wedge stage while crossing the highway and doing significant damage. The tornado then moved away toward the Fairdale community where at least one fatality has taken place and destruction took place. This large tornado churned across a long track and the National Weather Service will survey the damage starting tomorrow. Footage shot by Tyler Olson of Live Storms Media."

Link if video does not play: 4-9-15 Rochelle, Illinois Tornado.

More Tornado Footage



"Around 7pm, we began documenting a tornado forming near the Rochelle, IL area. We briefly lost visual while positioning closer to the tornado, but began filming again when we had visual of the massive tornado. We continued to follow and document the tornado the northeast until it dissipated south of Belvidere, IL at ~7:40pm CDT."

Link if video does not play: Rochelle to Kirkland, IL Complete Tornado Footage

Footage of Homes Being Demolished



Watch a huge tornado directly hit huge grain bins. I am surprised they survived the hit. With debris flying everywhere, some nearby homes didn't.

Link if video does not play: Rochelle, Illinois Tornado April 9 2015

Thanks to reader Mark for the links.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot

Phone Tax Scam by "Officer Melvin" Allegedly with IRS

Posted: 10 Apr 2015 12:31 PM PDT

It is tax season and that means it's time for tax fraud and tax fraud scams. Today I received a voice mail allegedly from "officer Melvin" with the IRS.

"We have received a legal petition notice against you concerning a tax division. So before we file a case against you, and before you get arrested, kindly call us back on our callback number. The number to reach me is 202-684-6608. I repeat 202-684-6608. Do not disregard this message. Do return the call. Again, this is officer Melvyn Betchett with the Internal Revenue service. Thank you and have a great day."

Here is the WAV file if you wish to hear the short 33 second fraud scheme:
Tax Fraud WAV File.

The file may or may not play automatically. It did not for me. Instead I saw this box when I hit the forward arrow to attempt to play.



The download did work, and Windows Media Player played it automatically just fine. Here is the sharable link if you wish to download the file:

https://drive.google.com/file/d/0B4QF4MBBMA0kT2diSnFZOXM1Tjg/view?usp=sharing

The IRS sends bills. The IRS does not make phone calls threatening arrest, or ask for your bank account number or debit card number.

I notified the authorities. You can do so at the Treasury Inspector General IRS Impersonation Site.

Hopefully, the audio will allow the authorities to catch crook "Melvin" soon enough.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot

France vs. Sydney Australia Property: What Will $600k to $1M Buy?

Posted: 10 Apr 2015 10:49 AM PDT

Here's an article that came my way from reader Robert who lives in Australia.

The article compares the price of entire "castles" in various cities in France to 1-3 bedroom units in or near Sydney, Australia.

The term castle appears to be somewhat of a misnomer, but certainly the French properties are "castles" compared to the single units.

The US word would more likely be estate or mansion rather than castle.

Please consider 10 French Castles are Cheaper than Sydney Units.

Notes 

  1. I show text and images of 4 of the 10 comparisons in the article.
  2. The first image in each set is the price of the entire building in France. 
  3. The second image in each set is the price for a single unit in Australia.
  4. The prices appear to be Australian dollars, not US dollars. 
  5. The conversion rates from euros in each French listing is inaccurate

For example the first image below says €422,940 or $597,184. My calculation says AU $654,070 or $502,060 US dollars. The rest of the images are similarly wrong.

Picardie France — $597,184 (€422,940)



This picture-perfect five-bedroom mansion in Picardie near the town of Abbeville is less than 200kms from Paris. It is on more than 6000sq m of land and features a billiard room and grand cellar.

Cronulla Australia — $620,000+



Poitou France — $667,146 (€472,500)



There are nine bedrooms in this grand chateau in the Poitou Charentes region of south western France. It has 1610sq m of landscaped gardens, ceiling medallions, a rotunda dining room, a conservatory and a circular kitchen.

Campsie Australia — $689,000+



In the heart of Campsie on Sixth Ave, a three-bedroom unit in this plain Jane unit block has parking, built-in wardrobes and two balconies.

Vienne France — $732,801 (€519,000)



This elaborate chateau near Vienne has 14 bedrooms, seven reception rooms, a pool, a chapel, a kitchen garden a double-length drawing room and library all on a 1.4ha estate.

Zetland Australia — $760,000+



Picardie France — $972,833 (€689,000)



Just 138kms from Paris, this manor house in La Fere has nine bedrooms, a wine bar, disco, cinema, library and cellar inside, and out the back there is a pool, pool house, sauna, nine-hole golf course and petanque area.

Elizabeth Bay Australia — $999,000+



With a million-dollar price tag, this one-bedroom apartment, has no parking and no balcony, but the Elizabeth Bay apartment on Onslow Ave is all about location, location, location.

Mish Comments

$1,000,000 for one bedroom, no parking, and no balcony vs. a 9 bedroom manor house with a pool, pool house, sauna, nine-hole golf course and petanque area.

I had to look that up. Pétanque (French pronunciation: ​[petɑ̃k] is a form of boules where the goal is to throw hollow metal balls as close as possible to a small wooden ball called a cochonnet (literally "piglet") or jack, while standing inside a starting circle with both feet on the ground. The current form of the game originated in 1907 in La Ciotat, in Provence, France.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot

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