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.
Does he understand how tariffs works?
Dump's previous flurry of references to setting up a 'Dept. of External Revenue' for the presumed tariff haul should've settled that question for good.
CEOs of Walmart, Target, and Home Depot met with and schooled the prez Monday on the impacts of his tariff madness. Then on Tuesday he "turned the dial down." Axios article.
@AndyJ. I am not counting on a whiff of sanity lasting very long. Sanity and “Magaverse” are contradictions… The market rally this morning is based on nothing except for hope. For this old guy loss aversion rules the day. It’s much less simple w…
Started a position in TRIGX ex US value fund. Added to our ridiculously overweight CD collection. Added to STIP. looking for EX US bond fund/ etf. Ideas?
TRIGX! Hadn't thought about that fund in a long time. Owned it during the mid-aughts decline…
@catch22, a female friend and I were imagining an entire Barbie set with all her outfits and weapons, and as a bonus for those who order in the next 24 hours, a dead-dog-doll.
News of a few current food recalls*: Say adios to this kind of news from the FDA.
Enoki mushrooms distributed by Hofood99 Inc.
Blue Ridge Beef Puppy Mix [for dogs] & Blue Ridge Beef Kitten Mix [for cats]. These products have the poten…
@JD_co: That explains the exploding-grenade wackiness. Next up for explanation: the authoritarian cruelty that puts us in league with the worst dictators in the world and loses us our closest allies. (And yes, these things damn well do affect invest…
Some of us have relatives that are as loony as they come on the far right. I finally gave up and no longer go to holiday, birthday, etc. events at one family's place ... because they play Fox Spews at high volume every waking minute of their lives a…
@AndyJ,
Good NYT article.
Thanks for sharing!
It's for sure a hopeful sign that a crack's opening up between Dump and some of his plutocrat supporters.
Brought bro you by the Borowitz Report
JD Vance Freaks Out After Tariffs Hike Price of Eyeliner
Hilarious!
The meeting (with Lutnick), however, did not achieve its desired result, as a tearful Vance emerged from it with black streaks staining his …
@Old_Joe,
Thanks for sharing!
By the way, Copper River king and sockeye salmon is highly sought after and is reputed to be very delicious.
Very true, and it helps that the headwaters of the river are in the largest park/preserve in the U.S. -- Wrang…
What a comprehensive article.
During that stagflation era, the S&P 500 was a net loser. Here's one "investment research" guy's piece on what worked and what didn't during that time; for stocks, "Overall, the 1970s was a lost decade for stock i…
Meanwhile, Günther Thallinger, a Board member and former CEO of Allianz SE, one of the world's largest insurance companies, says the climate crisis is on track to wipe out huge chunks of economic value.
Snips:
The world is fast approaching tempera…
Heard on Here & Now (public radio) a couple of days ago that foreign students' expenses attending U.S. colleges and universities are also considered part of the service sector trade surplus.
Like I said above, I'm pretty sure the tariff %'s were written on little pieces of paper, and then the buffoon pulled them out individually when the respective countries names were called for the plaque.
So IMHO there WAS some thought put into it.…
Krugman's first comments are priceless: substack post.
Snip:
Focus on the European Union. The EU, like the United States, has generally low tariffs; the average tariff it charges on US goods is less than 3 percent.
So where does this 39 percent nu…
I'll always remember Susan Collins for pretending she was surprised that Supreme Court justices Kavanaugh and Barrett, who said they would NEVER overturn Roe Wade during their approval hearings, went right ahead and overturned Roe Wade. Was she nai…
@AndyJ- from what I've read DeJoy's hatchet job was evidently considered to be too wimpy, and he resigned about 30 minutes before he was fired by Trusk.
Hadn't heard that angle, @OJ. I guess it would make sense, given that he had 5 years to blow it …
DeJoy, who took over in 2020 during Trump's first term, inititated the recent sabotage of the postal service: DeJoy on wikipedia. I'd bet he's retiring with a "job well done" attaboy from the MAGAts.
PIMIX holdings are disclosed every month ...
+1. The link to the best info I know of is at the very bottom of the fund page: pick Portfolio Statistics. Up comes a spreadsheet, fund after fund after fund, updated monthly. Now pick the Detailed Stats…
The Zags won the WCC tournament, beating St. Mary's after losing to them twice during the regular season. Finished 25-8, not so bad, got an 8-seed in the big dance.
But if they get past Georgia, 1-seed U. of Houston will likely be their next challe…
Did the Dims not have a strategy going into this budget round? Sure doesn't sound like it, with this kerfuffle at the very end. And they knew what was coming weeks ago.
Re AOC: from what I've read, she's got great support in her district from being…
Everyone in favor of another $4+ trillion added to the deficit for tax cuts primarily for the wealthy and corporations, go kiss a billionaire oligarch on the rump.
I didn't think Rampell had it in her to write a column like that. I'd be surprised if it hasn't shaken up whatever editorial review there is for columnists at WaPo.
