Theoretically the systemically important banks are subject to greater regulatory oversight, so they should be the safer ones. It's getting a lot of attention that SVB WAS in this category until the roll-back of the Dodd-Frank threshold during Trump's administration (which, to be fair, had support f...

So... Is it stupid to have money in any bank that isn't one of these?

Where will these funds come from? The Fed will create them obviously. So basically, it was a lie that taxpayers would fund the bailout. That dang inflation.... I think you mean "wouldn't". But, strictly, taxpayers and people who use the dollar are not exactly the same set of people. So I suppose it...

She makes an important point that situations can be both real and hyped. You're right, glennds, that was an important point in the piece, and it's an easy trap for people to fall into. Once you're seeing that there's hype it's tempting to dismiss everything, which allows others to bury events by tu...

Hello, It's interesting to see how the concept of a permanent portfolio has influenced the Cambria Global Asset Allocation ETF, which includes a small allocation to gold and gold miners. This highlights the role that gold and other commodities can play in diversifying a portfolio and hedging agains...

Sorry, Vinny, I may have been unclear. I'm not asking for your opinion of Naomi Wolf. What is your opinion of what she is saying here?

I had not heard of Naomi Wolf before this. She wrote a very interesting perspective on the newly-released footage from the perspective of the Left. Seems very fair to me. Vinny, I'd be interested in your opinion, as it doesn't rely on Carlson being trustworthy. Primarily the concern is that those ag...

But, it doesn't mean 97.3% isn't FDIC insured. It could be that 97.3% of accounts have $250,001 deposited, in which case virtually 0% is uninsured. As of 12/31/22 SVB had $173 Billion in deposits. $152 Billion were uninsured. Total of deposits over and above $250K per account. Thanks, Mark. Wow. Th...

Thank you, I see the distinction now. And I agree, to a point. The 1980s was a grand experiment in trickle down economics, and while the idea hasn't been totally discredited, I think there are differing opinions on whether enough trickled down such that society as a whole was lifted. I'm kind of gl...

Genevieve Roch-Decter, CFA @GRDecter Only 2.7% of Silicon Valley Bank deposits are less than $250,000. Meaning, 97.3% aren't FDIC insured. Ouch. Less than 3 percent of accounts have less than $25,000? Who the heck was depositing money there? That is crazy. But, it doesn't mean 97.3% isn't FDIC insu...

Would you rather the poor be poorer, so long as the rich are worse off? https://www.youtube.com/watch?v=pdR7WW3XR9c This was actually pretty thought provoking. I watched the video twice and then thought about it more during an evening walk (I know, get a life). If I am understanding what Maggie sai...

jalanlong wrote: ↑

Thu Mar 09, 2023 1:17 pm

Timely news for this thread:

https://www.yahoo.com/finance/news/10-w ... 09051.html

I have yet to see a convincing argument that the corporate tax rate should be anything other than zero.

Would you rather the poor be poorer, so long as the rich are worse off? https://www.youtube.com/watch?v=pdR7WW3XR9c No. But I'd love to hear your thoughts on the (sincere) question to Pug: What are your thoughts on wealth disparity and income disparity? Real issue or an exaggerated, maybe fake soun...

If the rising tide had floated all boats, there might not be the dissension we see or the need for this thread. But instead we have super winners and losers. I guess it depends on your opinion of what that means. Even truly poor people in the US have cell phones, flat screen TVs and air conditionin...

I think the writing is on the wall that the wealthy (including the traditional middle-class) are going to increasingly vilified and made to do penance for whatever inequality happens to be the focus of concern. I definitely agree it's not justified or helpful to villianize the wealthy. But I wonder...

vnatale wrote: ↑

Wed Mar 08, 2023 1:14 pm

Excellent work, Xan! Thanks!

Well... That interview didn't point out that the op-ed was by the founder and chairman of the WEF. It made it sound like the author of the piece was some random schlub, which he isn't.

On the World Economic Forum "own nothing and be happy" quote: I did some digging to try to find the origin of that and what the broader context might be. I found this interview: https://www.washingtonexaminer.com/opinion/davos-explains-itself-the-exclusive-interview-with-the-world-economic-forum whi...

Seajay, very interesting. I didn't know that Britain ended gold convertibility so long before the US.

I'm curious as to how you came up with 1793 as a start date. And I'm not entirely convinced that the 1932 date isn't a bit of cherry-picking as well. In any case, it's very impressive.

Old people in the Senate isn't unprecedented. The word "senate" comes from the same root as "senile", the Latin "senex" for old man.

Of course, holding 25% in stocks as the PP does helps tremendously with this risk. Does holding a total stock market fund also help? The GB is more stocks at 40%, but it's half in S&P/TSM and half in SCV. Or would the concern happen for any particular index? The more indexes out there, the less the ...

Doug Casey, a lifelong successful speculator, likes to trade options. He likes the small easy gains. I can’t remember which way he trades except he says he plays the role of the casino and the other parties are more the gamblers. He also says most people can’t/shouldn’t try what he does. I found a ...

It's usually useful (in some way shape or form) to reverse situations and see how that plays out. Suppose a poll had said that 30% of whites disagreed with the statement "it's OK to be black", and Jesse Jackson (or whoever) said that given the circumstances, black people might want to avoid white pe...

Congratulations on your success! As a side note ..... I'd set your spreadsheet number format to no decimal places as the pennies are irrelevant and are just noise when you are looking at the numbers and trying to absorb the result of each week. Just for instance ... I'm looking at your last number ...

One important item to add here is that buying the $10,000 limit direct from Treasury Direct is a given. However, buying that other $5,000 via your tax refund can be highly problematical. I'm only one for three in successfully doing that. The other two times the IRS sent me back $5,000 refunds rathe...

Vinny, please either watch the video without a basketball game on and offer your criticism of it, or withdraw from this conversation.