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.
Krugman as usual nails it: https://paulkrugman.substack.com/p/a-bad-heir-day-at-the-fed
Warsh's affiliation with Hoover should be disqualifying all by itself.
Thanks for sharing.
Paul Krugman provides some interesting information regarding Mr. Warsh…
Donald J. Trump publicly stated that he would like the Federal Reserve to cut the fed funds rate to 1%.
Rates this low are usually associated with an economic crisis.
If the Fed decreased rates to this level during "normal" times, markets would reac…
Coincidently, I just read Robert Reich's latest newsletter.
I was aware of the Trump organization's discrimination
against black people who were seeking rentals in the 1970s.
Some actions taken then foreshadow Trump's current activities.
"About th…
Bit of a whiplash today for gold and silver as Kevin Warsh is announced new Fed Chair.
How long before Warsh is being picked apart and badgered based on daily whims?
Do they decide to actually cut back on FED renovations after he is installed, or f…
"DOJ has argued it was an impossible task to complete given the redactions necessary
to protect victims. However, critics have argued many of the redactions were excessive,
going beyond the limits allowed under law."
"However, Rep. Ro Khanna (D-Cal…
From Markets A.M. newsletter by Spencer Jakab.
On this day in 2000, as the internet bubble neared its peak, 17 dot-com companies
each spent $73,000 per second for network television ads during Super Bowl XXXIV.
At least three went bankrupt in the f…
...With the ballooning $38 trillion dollars deficit...
Confused here. I thought the Big Obscene Bill was going to raise the deficit over 10 years to $7.1 trillion.
Which is a doubling of the current state of affairs? (July, '25.) So we were told, e…
I loathe the authoritarian Iranian regime.
But putting U.S. boots on the ground in Iran could be a terrible mistake.
The U.S. would most likely need to be involved in a prolonged operation.
The legitimacy of any new government would be questioned.
T…
PE firm Genstar Capital acquired First Eagle stakes held by Blackstone, Corsair, and their co-investors.
Key First Eagle employees reportedly rolled over a sizable part of their economic interests
into the new ownership structure. The firm remains p…
From Markets A.M. newsletter by Spencer Jakab.
On this day in 1886, Karl Benz received German patent DRP No. 37435 for his “motorwagen,”
a frail and ungainly vehicle with three wheels and a wooden chassis. It was the world’s first automobile.
Long past time to put Lyons and the others into fucking JAIL.
The goons that killed Renee Good and Alex Pretti should definitely be on the list.
As should be Noem and Bovino...
From HCR:
"On Monday, Judge Patrick J. Schiltz of the U.S. District Court for the District of Minnesota,
appointed by President George W. Bush, suggested his patience with ICE had run out.
After officials apparently ignored his order to permit a de…
You'll have to wait until it's over so he can tell you what he did just before it happened.
You've just described Mr. Hindsight's standard modus operandi.
From Markets A.M. newsletter by Spencer Jakab.
On this day in 2002, Global Crossing filed for bankruptcy.
The telecommunications company had spent some $15 billion building fiber-optic networks
in 27 countries since it was launched by former Drexel…
"The Justice Department said it 'is not able to provide a specific date at this time,' and warned
it may need to make 'additional efforts to ensure the protection of victim identifying information.'"
https://www.cbsnews.com/news/doj-epstein-files-i…
The performance of U.S. stocks versus foreign stocks has historically been cyclical.
U.S. stocks will outperform foreign stocks for a number of years.
A transition occurs and then foreign stocks often take the lead for years.
The duration and timing…
Today's WSJ: Two Federal Immigration Officials Fired Shots at Alex Pretti, DHS Report Says
Suggested edit: Two Federal Immigration Officials Fired Shots at Alex Pretti, DHS Report Says
Stephen Miller referred to Alex Pretti as an assassin who tried…
Will Danoff has managed Fidelity Contrafund since September 1990.
M* reports that the fund's no-load share class gained 14.2% annualized during his tenure (through 01/26/2026).
The S&P 500 and the Russell 1000 Growth Index gained 11.3% and 11.8%…
Alex Pretti had an interaction with federal agents approximately a week before the goons killed him.
From HCR:
"Sources told Winter and Alvarez that federal agents had documented details about Pretti before Saturday.
About a week before his death, P…
As if "apologies" even happened.
Our preening Secretary of the Treasury teed it up for Carney.
Carney says Bessent full of beans.
[snip]
I was skeptical when Bessent stated that Carney "was very aggressively walking back
some of the unfortunate rem…
"Minnesota Gov. Tim Walz (D) on Sunday slammed Attorney General Pam Bondi’s letter
to him urging him to restore the 'rule of law' by turning over information about the state’s
welfare programs hours after a federal immigration agent shot and killed …
This is a recent suggestion from Robert Reich's newsletter.
"Urge your state attorneys general to join with other state AGs and to investigate ICE,
the Border Patrol, and their leadership (Noem, Miller, Trump),
with a view toward possible criminal …
In coming days, six remaining spending bills for fiscal year 2026 will be voted on in the Senate.
One of my senators, Sen. Patty Murray, is the top Democrat on the Senate Appropriations Committee.
Sen. Murray was pushing her colleagues to vote for t…
I liked Cheryl Hines in Curb Your Enthusiasm.
She was a good foil for Larry David.
The following statement was made regarding RFK Jr.
"The man with a face for radio and a voice for closed captioning."
—Jordan Klepper
I dislike the Trump administration's policies and actions.
In my opinion, Donald J. Trump is an illegitimate president because he fomented the Jan. 6 insurrection.
Instead of "Making American Great Again," he has caused great harm—some of which may …
Jim Paulsen made the following statements in a recent Barron's article.
"For retirees, it’s natural to become more cautious when it comes to investing.
'I think as people get older, you get more scared,' Paulsen, 68, tells Barron’s."
"But don’t l…
"Just a week ago, Trump had voiced his support for Carney on the China trade deal.
'That’s what he should be doing. It’s a good thing for him to sign a trade deal.
If you can get a deal with China, you should do that,' Trump told reporters
at the Wh…
"'The tariffs have been overwhelmingly borne by domestic businesses and consumers,
rather than by foreign producers,' John Williams, president of the Federal Reserve Bank of New York,
told the Council on Foreign Relations just days ago.
Williams est…
The current VGWIX Fact Sheet indicates 57.1% of the fund's bond allocation was in U.S. bonds.
Foreign bonds comprised 42.9% of the fund's bond allocation as of 12/31/2025.
https://advisors.vanguard.com/assets/corp/fund_communications/pdf_publish/u…
