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.
Recently I found out that the Orange Julius years produced yuuuge juicy budget surpluses. In fact the surpluses even paid for the entirety of the big and beautiful 2000 mile long and 200 foot tall wall at the border which even the Chinese were awest…
The debt kept increasing during Drumpf's time in the WH and the GOP thugs happily enabled it. The GOP didn't suddenly discover religion on debt and deficits during Biden.
This is naked politics and McCarthy does not have the cojones to take a princ…
@msf
Good post, I stand corrected. As listed towards the end of your post, no country has debt ceiling circus like the USA where the minority party can hold hostage the majority party or the party controlling the WH.
@dtconroe
No other country has a concept of debt ceiling as far as I know. The stupidity of our system is to handle budgets and debt ceiling as separate issues when they're not. Decisions and projections(or their failure thereof) embedded in the bu…
Fair enough, I meant spend and income decisions. Point was that the current game of passing budgets and then wrangling separately over whether to actually pay is stupid and needs to end.
I find it quite remarkable too that VIX is at current levels with everything going on. Methinks that VIX is being manipulated too just like rest of stock market.
Not a lawyer by a far stretch but to me, there cannot be a ceiling for debt that has already been incurred by Congress itself.
I hope this goes to the SC and the entire silly concept of debt ceiling gets busted once and for all in favor of making s…
I've lived in TX for 17 years and moved from CA. TX today is very different than what it was in 2006. I wouldn't move to TX today. This is a state full of nut jobs at every level of government. Abbott and Patrick would make Taliban proud.
TX lack o…
The time for discussions around "what can we afford and how do we pay for it" is at the time of setting the budget. Not after already incurring the expense.
The Democrat stance of no negotiation because there was none during prior debt limit raises under Trump is untenable. Past is water under the bridge, the Democrats will have to negotiate. Till then it is a game of who blinks first.
MAGAts like Gae…
Democrats will need to come to the table and negotiate. McCarthy would rather keep his job and have the US default vs. negotiating with the MAGAts.
Nothing is off limits now in this new world, I expect a default before a compromise is arrived at.
For the audience on this forum at least, I agree with stillers that these articles are kinda useless. For the very long term, passive beats active but in interim periods active can and does beat passive. Also an entirely different story and stats ca…
- I've never heard of a 1031 exchange for a MLP (does not mean it can't be done and based on a light skim I agree with you that there is no blocker) so perhaps there's not much benefit to it.
- The PIG/PAL restriction for MLP's is quite material com…
I'm comparing private CRE partnerships(LP role) to publicly traded MLP's where one is an individual investor. I suppose there are partnerships that invest in energy/pipelines but to my knowledge these are far less in number than partnerships focusse…
We'll have to agree to disagree.
I am referring to LP's in a partnership as you stated.
I have owned publicly traded MLP's that generate K1's and they're nowhere close to the depreciation that private REIT's generate.
I don't think 1031 exchanges…
I should have been more specific. The article's claim of private LLC's dying isn't true in today's world, most certainly not after the passage of the JOBS Act.
The ability of LP's in a real estate private LLC to get the benefits of depreciation tha…
The Journal of Accountancy article from 1997 isn't relevant in today's world especially after the rise of crowdfunded CRE following the JOBS Act in the 2010's.
Private CRE is not the right vehicle if liquidity is paramount but the major pro is bein…
I likely have the contra view here but this is a good time to start CRE funds. Lotsa defaults coming up in the next few months, solid opportunities to buy at 20-40% discounts.
There's news on the interwebs today that some PE/VC firms are buying bac…
GDP as a whole is a meaningless number. GDP per capita is the meaningful number.
India and China are not generally considered rich economies on a per capita basis, certainly nowhere close to GDP per capita levels of the G7.
No disagreement that Ch…
There isn't any limit actually to the number of meals in a day -- at least in the Dallas and Austin offices. Food is served pretty much all day.
Tech cos do this to incentivize staff to spend longer hours in the office. This is a pretty standard pl…
There is also another means to start a position. An existing investor can transfer 1 unit into the account of a new investor and voila new investor can now build a position.
I don't know if PRWCX or TRAIX have minimums on the retail side, the entry…
Hi Charles
In the screener, the 'Alpha Rating' selection under the Alpha Beta metrics section is not working. On selection of value 4 - 5: Above Average, the result page displays
Alpha Beta Metrics
• Alpha Rating (In Type):
Also any selection o…
A technical default (even if it lasts just a couple of days) is almost certain imo. Nothing is off limits for the current band of crazies in the House. McCarthy does not care as long as he stays Speaker, he will cave in to anything.
More than 70% o…
Pretty early start to the drama
SS/Medicare cuts are off the table and definitely no cuts to any paychecks or pension plans for federal employees.
So the brunt will fall on other departments -- Treasury, Defense, Education, etc.
@all
CEO pay is outrageous but so is the case with public sector unions. I am not familiar with public sector pay in CT but it is beyond insane in CA at both state and local govt. levels. The class that gets really hosed is private sector non-union…
My 2c
In the event of a default, US debt holders would (initially at least) get the highest priority followed by SS/Medicare (potentially with some haircuts). FDIC would imo be behind SS/Medicare and very likely behind federal workforce pay too. An…
I would short the USD or go long on international currencies.
I doubt there will be an actual default but there will be plenty of destabilizing theatrics in advance of the debt limit being raised.
Modi and his party do have an authoritarian bent but India has a rule of law and free and fair elections. At no point has India come anywhere close to a Jan 6 type event and the country does not suffer a situation where close to 50% of the populatio…
All countries look after their self interest whether direct or indirect. To assume otherwise is naive.
For example, the US does not shower Israel with $4B annual for love only.
UK exiting EU but still wanting favorable trade terms with Europe.
Et…
The issue isn't about the system knowing where the crews are. It is about re-routing the crews to where the need is (managing schedule deviations). The automated re-routing is what the SkySolver system does and it buckled under the load.
I was surp…
baseball
I looked at portfoliovisualizer, different data than M* though admittedly I didn't check if PV data is end of last trading day or end of prior month.
The market will yoyo in 2023 based on reading the tea leaves around the terminal rate, how long the terminal rate will stay at that level and when the inevitable drug of QE will be released.
