Ambition is the scarce resource. When techies flee to Germany to start companies ill invest there. Or maybe they'd have another pipeline accident

Rewatch Crocodile Dundee and compare it to Australia in 2020. With "toxically" masculine Trump the pendulum is swinging back a bit.

Also most of the MAGA crowd want jobs reshored.

Gain of function never stopped and will never stop. Because foreign adversaries will not stop. Same for AI killbots. Not a big deal for respiratory viruses because the sicker they make the host, the less they can spread. We've been co-evolving with them for millennia. Fauci's pardon is clever, it re...

Thats why you dont want a centralized politburo planning the economy. Forcing price controls to hide inflation. Extending credit and grants to their friends industries. OTOH China had their economic miracle. But we saw how they handled the housing bust in 2020. They found a neat way to stop bank run...

Fed could buy directly from treasury to fund deficit. eg money supply +10%/year. If they step out of private markets eg stop buying mortgages and corporate bonds, a free market would want ~13% rates. You'd get 10% CPI and businesses might fail with those rates. Japan is rich and creates make-work jo...

Everyone has their own definition, its a war of language. But "protectionist" tariffs and lower taxes has overlap with MAGA. Taxes on tips would not generate a lot income, especially after compliance/enforcement costs.

Rising long rates are the PPs weak point...so what % PFIX? Or maybe PP theory needs an update to hold a lot less LTTs when they yield less than 2.5%. Zero lower bound is real

edit1: https://old.reddit.com/r/LETFs/comments ... implified/

"Fidelity is pleased to inform you that Roth contributions will be available for the Self-employed 401(k) plan prior to the regulatory deadline of Jan 1st, 2026." Credit Card companies will issues you two of the same card? Sometimes. I did a product change from doublecash to a 2nd customcash

> Long bonds are about ensuring you have a minimum level of income Bond coupons, stock dividends, and apartments rents dont matter. You get a deal, or get burned, with the purchase price. Ive been naively holding onto a rental because rents are high. But thats priced in to the sale price knew a hedg...

mathjak what's your explanation for bitcoin's outperformance

DBMF in Four Minutes

Need new roof and maybe solar a couple years later. any tips. 900 sq ft stucco box in socal. half flat roof half slanted

30 years. like any type of self-improvement its incrementalism. slightly less meat every day and swapping in fake meats. Getting my lunch down to a tablespoon of peanut butter was harder but you get used to feeling hungry and its energizing. The thing I cannot do is get up early. Trying to unwind al...

Vinny's desk isnt that clean.

For any other vegetarians wondering https://cooking.stackexchange.com/quest ... -cut-sirlo

If people would accept that every politician wants to be a dictator we could discuss actual solutions like term limits and sortition. But its more fun to just rage at Team Red's leader or Team Blue's leader

ppnewbie wrote: ↑Sun Jan 05, 2025 1:05 ameverything would feel different if gold was legal tender or there was something backed by gold. I think this would be a key step in restoring responsible behavior by banks

That's why it wont happen.

ps buy boglercoin

fredgraph.png What happens next. If the treasury issues only 1 month bonds and the Fed buys them at 0% what happens to the long end. And say money supply increasing 10%/year. Private market will want 13% long bond rates. Is the Fed required to buy my long bonds on the market before they can buy any...

I have two Citi Custom Cash so always get 5% on grocery and gas Vanguard fell out of bed and dumped solo 401ks to another company https://www.bogleheads.org/forum/viewtopic.php?t=429947 So I'm leaving them entirely, might do this for 4% back card https://www.doctorofcredit.com/my-experience-signing-...

Hadnt heard about it.

https://old.reddit.com/r/Bogleheads/com ... roxy_vote/

https://old.reddit.com/r/Bogleheads/com ... roxy_vote/

Not implying podcast and book dont have good info just fyi Search Labs | AI Overview Kelton is a leading proponent of modern monetary theory, which challenges the idea that governments should balance their budgets like households. She argues that governments can spend more and pay less attention to ...

MMT is a progressive political agenda. When conservatives say "we cant afford it" MMT says "but wait, in reality the banks are required to buy the bonds from the treasury. Then the Fed prints the money to buy them from the banks" And people are surprised, because Wall st & Go...

^ the suspected CEO shooter, for those not online enough

Unrelated, Matt Levine on MicroStrategy https://archive.ph/jzyDK

edit1: No war but class war? https://old.reddit.com/r/antiwork/comme ... ge_saying/

Some shady folks in cypto...

https://www.youtube.com/@coffeezillaextras/videos

Any big bag of stocks is good enough, but cap weight is equal weight. eg you own 1% of Microsoft and 1% of Joe's vegan hot dog stand. You're claiming to be smarter than the market if you want $100k worth, or 50% of Joe's stand.

And Bogle was the anti-salesman...

> have there been secular changes in the investment picture such that (some of) Harry Browne's insights and conclusions no longer apply We past peak working age populations in US EU and China. The pie only grows for everyone with young people taking out car loans, educations loans and mortgages. Whe...