Biden preemptively pardons Fauci. Not a good look for a guy who supposedly did nothing wrong.

He has a website but I didn’t read it, including the following: https://moslereconomics.com/2008/07/15/deflation-forecast/ So I guess now we’re looking for an explanation from Mosler about how the modern economy is so much different than it was when this prediction was made (2008), such that now de...

A good introduction can be found in "The Seven Deadly Innocent Frauds of Economic Policy", by Warren Mosler, which is available online at https://warrenmosler.com/wp-content/uploads/2024/04/7DIF-April-2024.pdf I'm finding Mosler to be a bit tedious and repetitious. It seems more like a wo...

Thanks for the reading materials. Sadly, I don’t think we have a reasonably representative government. And anyway, the federal reserve is supposedly not part of the government.

Yeah I think we have different ideas of protection and different scales of time in mind.

Over large scales of time, I have more faith in my counterparty (USA) than yours (AQR?).

The Federal Reserve Bank of Atlanta and the St. Louis Fed both estimate that the probability of deflation in the United States is 0%. The US has only experienced deflation twice in the last 60 years, in 2009 and 2015. both were short lived Some of the risks that the PP protects you from are once in...

Deflation is not a significant risk in modern economies; they simply don't work that way any more. You wouldn't buy flood insurance if you live at the top of a hill in the desert. Insure against the risks you actually face. Would you please provide some basis for these claims? A book you read on th...

As we are a whole lot poorer for all of the unused insurance we’ve paid throughout our lives. Yet, since we have but one path through life we consider outcomes that are unlikely to happen. If all you’re interested in is the highest expected returns, what are you doing messing around with hedging str...

In a deflation, I think you want as few counterparties as possible. Promises from AQR do you no good if they’ve gone belly up.

Long bonds are about ensuring you have a minimum level of income. As regards the PP philosophy, I understood Harry Browne to view the purpose of long bonds a little differently. His thinking being long term Treasurys are there for times when the dominant economic theme is deflation. And in that cas...

Long bonds are about ensuring you have a minimum level of income. Everybody needs some cash flow coming in, right?

I'm still around and still chuckling quietly when people tell me it's a scam, it won't work, it isn't possible. My house's utility bills have been zero (well, the $5 monthly electric company base charge) for the past 6 years, and I've been driving for free with a solar-charged EV for 5. The net $17...

mathjak107 wrote: ↑Sun Jan 12, 2025 9:05 am berkshire

Me too!

mathjak107 wrote: ↑Sat Jan 11, 2025 7:55 am for 2025 i cut everything back and went more value oriented

Me too!

“If you want to know what God thinks of money, look at the people he gave it to.” —Dorothy Parker

But seriously, I don't think money is evil per se. It gets corrupted by evil men who desire more than their fair share.

I was going to start a thread asking about the wash sale rule and treasury bonds. ChatGPT assured me that as long as the maturities are different, there is no “substantially similar” problem. But, I also just found Sophie saying the same thing last year, and Sophie is smarter than ChatGPT. https://...

Another angle on this which has arisen in other discussions I've had is the question of just how much inflation-protected income does one need - taking into account that Social Security is effectively an inflation-adjusted annuity backed by the government. Of course this is only compltely relevant ...

Anyone familiar with this now defunct publication?

1-800-chat-gpt was just released. Thanks, I had to try it. The conversation made sense, if a bit facile. The delivery was the biggest giveaway. About like hearing from Siri. Yeah I’m patiently waiting for Siri to enter the present era. It seems like Apple understands its strength here: incorporatin...

1-800-chat-gpt was just released.

dualstow wrote: ↑Tue Dec 17, 2024 10:13 pm Lookin good, Vinny

Indeed.

yankees60 wrote: ↑Mon Dec 16, 2024 2:33 pm

dualstow wrote: ↑Mon Dec 16, 2024 9:57 amWhy?

Why not?

Way overdue.

That’s it, this is the top, folks.

https://elmwealth.com/capital-market-assumptions/

Edit: whoops, you were looking backwards. This link was about looking forward.

Kelton has a documentary on MMT called Finding the Money. I’m undecided on it, and MMT in general. However, everyone should watch this clip from the documentary:

basically holding one year ladders across several accounts in anticipation of a big, beautiful inflation (people are saying this will be the best inflation in the history of this country. Let's make inflation great again). Damn, the above is all stated with so much confidence that I may have a futu...