Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Howdy folks,
Thanks Hank. Elected officials should be held accountable for their actions. That said, there has to be limits. Too many school board members are quitting for their own personal safety and that's not a good thing. If you threaten a…
Howdy @Crash,
Don't take back the Oscar - can of worms. I think is career is toast. Here's what Kareem said,
https://kfor.com/news/u-s-world/kareem-abdul-jabbar-will-smith-perpetuated-stereotypes-against-black-people-with-slap/
take care,
rono
Howdy folks,
The real cause of inflation is the $7 TRILLION the Fed has dumped on the economy since the pandemic started. Sure, there are companies that have taken advantage to raise prices, the vast majority of the inflation in prices is actually…
Hi Hank/all,
This is akin to banning the burning of the flag. If you have to do that, the war is already lost. When you have to ban peeps from picketing your ass, the next election cycle looks bleak.
and so it goes,
peace,
rono
Howdy folks,
I have never used my debit card. I have not noticed a discount for cash, at the restaurants I frequent. That said, restaurants are still hurting badly, particularly the independents. Can you even name a bar that stays open until 2:…
Howdy folks,
The point I was making about the artificial pricing resulting in greater premiums is highlighted by the fact the US Mint cannot buy silver blanks because the mark up is too high by law.
https://www.numismaticnews.net/coin-market/acq…
Howdy folks,
@shipwreckedandalone
Interesting discussion as I have been a silver fan since the Hunt Brothers tried to corner the market in the late 70s early 80s.
I've always been an advocate of everyone having a small percentage of physical go…
Howdy folks,
I've been listening to Petraeus and Clark. Five Russian generals have been popped by the guys with blowguns. OoohRah! Seems their comm is so bad the brass has to go to the front of the columns to get them moving. They don't delegat…
Howdy folks,
Yeppers. Hillsdale college is about as right wing religinazi fascist institution anywhere. They advertise everywhere and continue to see me garbage in the mail.
Alas,
Rono
Howdy folks,
This is a toughie because I hate war. I particularly hate the half-ass clean war, police action worthlessness we've been engaging in since Korea and up until Afghanistan. All we've bought with trillions of dollars are wounded and de…
Howdy folks,
The left off Citibank. Seems they might have a wee bit of exposure to the Russian banking system.
https://fortune.com/2022/03/11/blackrock-banks-lose-billions-tip-iceberg-russia-ukraine/
And so it goes,
peace,
rono
Howdy folks,
As Mark said, Coke, Starbucks and McDonald's have closed all their stores BUT will continue to pay their employees. Elegant solution.
Rono
Howdy folks,
And gold busted thru $2,000 and silver $26. This is while bitcoin is down. The tracking of gold vs. Bitcoin has been and is curious. We'll see. Buckle up boys.
and girls, these are interesting times.
Peace,
Rono
Howdy folks,
Spot on discussion. The weapons of choice right now are Stingers and Javelins and RPGs.
The Stinger, as mentioned is a shoulder fired Surface to Air guided missile. Great for choppers. Javelins are the modern-day bazookas. Again, …
Howdy folks,
Poland, Romania and the Baltic states are part of NATO while Ukraine is not. The 82nd is now in Poland, the 173rd in Latvia and the 1st Armored is headed out. A tank train rolled thru Atlanta a couple of days ago. They've also bann…
Howdy,
Well, being a Spartan all my life, I don't feel terribly sorry for Michigan. That said, they've had a rough couple of years.
Odds on he will NOT be the coach at Michigan a year from now. He'll either go to the NBA or have another fit of…
Howdy folks,
Gonna date myself but . . .
I don't know this woman nor very much about her. I've seen her quite often on CNBC speaking from position with everyone bowing to her. I haven't had the slightest interest in her offerings.
She remin…
Howdy folks,
@davidmoran Probably still correct, to a degree. There are some thing that have changed - hedonic adjustments is a perfect example. They can charge more for a new and improved product and not have it count. What if I want the old …
Howdy folks,
@Observant1 +1 All the media networks do is go after eyeballs via outrage. They are the enemy. Sorry. The way they're stirring this up, is probably going to lead to violence and bloodshed, although I sincerely hope not. Trudeau i…
Howdy folks,
Have to put in a plug for Escanaba in the Moonlight as my nephew was the prop manager for this flick. He's still in the business here in Lansing and they just got funding for an arts center. ooohRah!
I'm so fortunate having worked f…
Howdy folks,
I'm in the camp that believes inflation is NOT transitory but will remain with us for quite a while. I was rotating, on the margin, to natural resources, inflation protected bonds, PMs, etc. and have kept at it.
t
Here you go with …
Howdy folks,
@junkster. Good to hear from you. Hope this finds you safe and well. Not sure what his rationale for TSD as a 'metric' and not sure that it works. That said, I learned about Momentum Investing from Gary and that is hardly out of da…
Hi Hank,
As for voting records, I'm probably a bit more of a democrat than you are. ;-)
The last time a democrat ran for a township office around here is about 20+ years ago. Everything is decided at the primary.
rono
Howdy folks,
Alas and alack. Destruction economics - employ your unemployed, keep blowing stuff up so you have to replace. So sad. Peddling the bs that you can fight a clean war. You Cannot fight a clean war or a gentle war or a half-step war. …
Howdy folks,
Everyone is pretty much spot on. Michigan, once you get outside the urban centers is very civil libertarian. The western part of down state is very religious in a particularly loathsome sort of way. Some of both of these groups are …
Howdy folks,
@hank you may be correct about the precious metals. I'm copying from Liberty Coin Service's Patrick Heller's FB page with YTD returns.
Patrick Heller "Current financial markets are getting interesting. Here are how prices have chang…
Howdy folks,
So typically government. How many years ago did they auction off the spectrum? Duh.
That said, I favor 5G over the airlines. It's more important. Sorry, but we've morphed from transportation to communication. Think about it. It'…
Hi folks,
Seems the party in question was the night before they buried Prince Philip. Old Boris called and apologized personally to her Majesty.
https://www.npr.org/2022/01/14/1073055412/boris-johnson-party-prince-philip-funeral
And so it goes…
Howdy folks,
I like where the thinking is headed. Why are we all being good doobies to protect the anti-mask shitheads?
1. Because we're good people and care about our brothers and sisters.
2. Because we all know too many anti-vaxers that are…
Howdy folks,
I firmly believe the secret to her longevity was her incredible positive outlook and her love of animals.
"Accentuate the positive, not the negative. It sounds so trite, but a lot of people will pick out something to complain about,…
Howdy folks,
Thanks for sharing @Crash. I just ordered the book.
Couple of things. I arrived in country mid-March 1968 just after Tet. I was company clerk and later admin chief of CoA, 1stReconBn, 1stMarDiv for 20 months. If you've ever seen t…
Howdy folks,
Thanks so much for your advice and kind words.
I'm having him read all of your comments, but I'm leaning in the direction of starting a Roth IRA with one of the better families. We've got long standing accounts at both Price and Fido…
Howdy folks,
As for the Baron suggesting 1/3 each to real estate, securities and rare art - run your own numbers. All of your SS, pension, IRAs, stocks, bonds, cash, are securities. Most of us are way top heavy in this category. Real estate is e…
HI @BenWP,
My bad. It went right over my head. duh.
I too am not at all comfortable with NFTs. Geez, even with real estate, you can list it and sell if fairly quickly if you must. I get uneasy when folks try to sell me a 'concept' that you c…
Hi @BenWP,
Not positive I understand but within each of the 3 classes somethings are more fungible than others. Securities are easy, but real estate? As for bullion, even there. Some types of bullion or more fungible than others. Cripes, you ca…
Howdy folks,
I'm probably the oldest 'gold bug' around but no longer give it the same inflationary hedge status today as I have in the past. Bitcoin hasn't dethroned it but has reduced demand sufficiently on the margin to influence my decisions. D…
Howdy,
They had a cyber security expert on CNBC and she said that this is going to be an ongoing problem and that it wasn't write a patch and fix it sort of thing. I do not know. I do know I just updated my chrome browser with a quick upgrade.
r…
