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Can't wait for the "Florida, Home of Failed Dictators" t-shirts and bumper stickers.
+1 Maybe that’s why I stopped going there … (Add cockroaches to that sticker. :))
Maybe the back of the t-shirt could feature a cockroach next to the words "Y'a…
Can't wait for the "Florida, Home of Failed Dictators" t-shirts and bumper stickers.
I swear I had not seen this WaPo article when I posted the failed dictators bit. "Florida holds a strange, swampy allure for ousted foreign leaders."
Is facing The Netherlands, burning incense and chanting "Go ASML! Go ASML! Go ASML!" considered a "plan"?
Ha! I've had worse plans. Might depend on your choice of incense; could consult an oracle, maybe not the one in Omaha.
Pretty similar portfolio & outlook to what @sma3 described; six years into retirement here with enough to last as long as I don't sustain significant losses. I'm slowly increasing three bond oef positions, expecting at best to get the yields as …
Jeffries has the right messaging down pat. Two years of that style should pay dividends for the whole country. The couple of cutaways to Nancy P. looked like she could burst into tears any second.
Good writeup, @Sven. I forget about VOX; need to visit there more often.
Through the looking glass: the loopy 20 making MTG look less insane? How could this be?
I know it's meaningless, but I do get a chuckle every time I see the scoreboard showin…
ConEd is a head scratcher. I don't disagree with any of those details; not sure why you think I would.
On the other hand, PBD getting downgraded because one part of a tiny (0.72%) holding facilitates offshore oil and gas (while also facilitating o…
As You Sow has really upped its game in the last couple of years since I last visited there. Appears that it is important to look at the details of the ratings.
One more: UUP, the U.S. $ long etf, was in fairly steady climb mode for most of the year, although that's no longer the case ... for now. It was one of the positive contributors in my port for 2022 as a whole.
@davfor, good reminder about SVARX. Haven't owned it for a while, and hadn't checked on it lately; it's interesting to see what they've been doing the past few months. It's back on the short list for now.
The IMF and World Bank provide help to many developing countries through grants and loans. Some of their annual funding comes from developed countries. Both institutions are in unique positions to have global economic views that shouldn't be ignored…
What worked? For much of the year, managed futures and short stocks (especially the Nasdaq) and junk bonds. Also BTAL, a short high-beta, long low-beta U.S. stock etf that did pretty well, but I only discovered it too late in the year to make much d…
I have very small positions in two IG bond OEFs, hoping from there to spot good entry points toward a more normal allocation this year.
Everything I'm hearing from bondland now (e.g., fixed income leads from various companies on Bloomberg Real Yie…
My plan WAS to buy I-Bonds in 2023, but stingy rate on 11/1/22 changed that. IMO, 5-yr TIPS held to maturity are better (1.66% real rate plus CPI) OR I may just feed the bear a bit (-:).
Same here. Plus, the new rate in May seems pretty likely to be…
I've seen a few articles float the notion, including by PK IIRC, that there's a perception that passing peak inflation tilts (current? near-future?) risk toward recession rather than inflation. (Short rates usually start falling as perceptions of a …
Pimco has a habit of making special December income distributions, larger than the previous months' in their OEFs and CEFs (maybe their ETFs too, don't have much experience with them). They settle on a relatively consistent, usually conservative mon…
The one JG thing I try not to miss is the annual "Just Markets" webcast. It's always a deep dive into data I rarely see explored elsewhere, with little pure opinion, and what there is of that is pretty clear so can be ignored if that's a listener's …
No idea what JG meant, but if you're asking about PIMIX, the NAV lost about 2.2% yesterday, but ~ 1% of that was a distribution.
If JG did mean Pimco Income, it's done better than his flagship fund in just about all time periods this year. Even wi…
@Soupkitchen: On the fund web page, click or scroll down to "Documents," and press "See More" to see all the pieces they put up on the portfolio. Pimco Income page.
I've always found the (monthly updated) Portfolio Statistics spreadsheet, "Detaile…
@AndyJ. If you think that a debt ceiling crisis is the equivalent of republican inspired violence and chaos,,,, if you think a republican attempt to repudiate a fair and closely examined election is the equivalent to a debt ceiling crisis then tha…
@larryB, instability like the debt ceiling crisis of 2011 (and again in 2013)? The Wiki article on the 2011 version characterizes the effect on markets this way:
The crisis sparked the most volatile week for financial markets since the 2008 crisis,…
Yes, I think that Krugman is probably right on. The folks at the Fed aren't morons either- I'm pretty sure that between all of them they won't do anything totally stupid.
Right, they know exactly what's going on. That last "high for longer" message …
Update on what I've posted before at least a couple of times: current inflation is way down from the peak (actually heard someone on CBS Face the Nation this morning say this, as Krugman has been saying for a while): it fell off a cliff in mid-summe…
I almost left WaPo behind, but thought better of it when I was reminded of Ms. Petri's brilliance. It's hard enough these days to get any humor at all out of the news.
Meanwhile, also from WaPo, more good news on another front: "Renewables to overtake coal as world’s top energy source by 2025, IEA says." Excerpt:
The world is set to add as much renewable energy in the next five years as it did in the past two dec…
Thanks for the summary, @Observant. That episode is the first time I've ever heard Smilin' Ed not be bullish, and that data-dense presentation was enlightening and convincing.
The talk about the policy lag of Fed tightening's impact on the economy…
This may be WaPo's resident satirist Alexandra Petri's best column ever: "Bad News! Nothing about Kyrsten Sinema will change." For those who can't pull it up, she refers to KS in the first 'graf as "the human version of an eviction notice written in…
J. Ferro and Lisa Abramowicz (who used to stand in for JF some, and is plenty good herself) are on other Bloom shows now, so maybe we're seeing Katie G. take over RY. I think she's ok, but sometimes she presses a little hard on things she seems to n…
The Georgia result made her dispensable, and now she can be all mavericky and won't have to run in a D primary. Also AZ D's will have to factor into the '24 election that challenging her would lead to a three-way campaign that would likely lead to a…
