Got to admit this is interesting Interesting is not the word for it. As far as I know this is unprecedented in our history! As part of the Trump's constants spews about everyone he was critical of people not being fired. Do you think he fires anyone over this? Interesting . P.S. I see it made BBC n...

His ideas are not all bad but his has such terrible characteristics as a person as witnessed by his behavior. His entire first term I had to hold my nose and think "I hate the way this guy conducts himself, but at least some of the policies are okay". I've tried to do the same in his seco...

Department heads and managers, supervisors should do a forced ranking of their people and yank the bottom 10% or whatever... much like all of us in corporation have done since forever-ago. Indeed most of us have endured this in our careers. This is the infamous Jack Welch 20/70/10 practice as descr...

Following up on your theme: https://larrykotlikoff.substack.com/p/boycott-america?utm_campaign=email-half-post&r=3ifd&utm_source=substack&utm_medium=email Boycott America The Likely Reaction to Trump's Selling Out Ukraine and Starting a Trade War Larry Kotlikoff Mar 02, 2025 ... I’m als...

We should have ditched pennies long ago. On the other hand, as inflation continues, we should bring back the $500 note... but they won't. They just want to abolish cash, right? And dollar (de-dolarization), and now de-NATOization, CIA, FBI, overseas aid ... maybe next the Presidency? Trumpland with...

Currently, the US is pursuing an austerity budget. Oh, how I wish that were true. The fact is the US has been spending lots of money in the public sector in recent years even though the private sector has been doing great. Ideally the government should reduce spending when the private sector is chu...

I've bought some shares. That was fast, inception date was just March 5th! You are good with the 0.85% expense ratio? One of the things that has always stood out to me regarding the gold ETFs is they all seem to be organized as trusts and not registered under the "1940 Act". Nevertheless,...

Hoisington is an investment house consisting of long-bond bulls. They think (usually) that inflation is moderating, and 30-year yields will fall in 2025, due to a weakening economy. https://hoisington.com/pdf/HIM2024Q4NP.pdf Yeah, I've looked into the Wasatch Hoisington U.S. Treasury Fund (WHOSX) b...

Trump is truly a national embarrassment! You would never believe this being described in some novel! I fear he may just have started the WW3 nuclear war. Given the history Ukrainians might rather die rather than surrender to Russia as Trump is telling Zelenskyy to do. Multiple Chernobyl's would spr...

Daily data back to 1968 but you have to copy/paste. London pm fix of 3pm is around 7 hour ahead (subjectively) of US time so is more early morning US time. https://www.lbma.org.uk/prices-and-data/precious-metal-prices#/table That is an excellent one. Thanks! Wow! Yes, my thanks as well seajay! I wa...

2) What exactly is a tactical nuclear weapon? The two that were dropped were devastating and my understanding that their power is now nothing compared to what has been produced since and which are now possessed? From PBS News May 2024: https://www.pbs.org/newshour/world/what-are-tactical-nuclear-we...

America now voting with Russia, North Korea, Belarus etc. As a US citizen, I'm disappointed that our nation chooses not to condemn Russia's invasion of Ukraine. I mean I know the resolution is just symbolic, but not even abstaining - actually voting against . and should join the rush to de-dollariz...

1. Physical Gold Concerns: - Risk of loss due to fire or theft Big concerns of mine which is why I use vault storage service, but I note you already decided you prefer to store physical gold at home. 2. Paper Gold Concerns: - Long-term expense fees compared to initial higher ask price for physical ...

Our customers are US and Global oil and gas companies, so that tiny ennsy-weensy few million extra of cost from us will get spread out over... ALL OF YOUR GALLONS OF GAS / DIESEL THAT YOU BUY !!! This is the "pass through" argument. The idea that tariffs will just be passed through to the...

"The success of the JIT production process relies on steady production, high-quality workmanship, no machine breakdowns, and reliable suppliers ." IP - Intellectual Property. Post-Covid, many US companies (and citizens) have second thoughts about this just-in-time supply chain. For T-shir...

I will always give Zelensky credit for not taking a stash and fleeing the country with his family. He could have easily done that. You mean like when Bashar al-Assad fled Syria? I wondered we he is now. The Internet just told me Moscow. Is that the sanctuary city for dictators? To me these individu...

Another excellent Lex! Have listened to it once and will be listening to it again. I've listened to very little Lex Fridman because the podcast episodes tend to run 3+ hours, and I hate to invest that much time and be disappointed in the result. But I decided to give this episode a try based on you...

Deflation is not a significant risk in modern economies; they simply don't work that way any more. I think of Japan as having a modern economy. And I view deflation as a significant risk that materialized for Japan, the dominant economic theme in recent decades: https://en.wikipedia.org/wiki/Lost_D...

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...

What PPeers here in the forum do related to bitcoin? I don't know which economic regime that bitcoin can be expected to do well in: prosperity, recession, inflation, deflation? How can I place it in the PP if I cannot definitively answer that question? I sometimes hear bitcoin referred to as a form...

This would seem to apply to every ETF / Mutual fund expense. Most ETF/MF funds generate income from the assets they are invested in (e.g. interest from bonds, dividends from stocks). Fund expenses can be deducted from this income before distributions are paid to fund shareholders. But gold ETFs tha...

Presently I have no urgent need to resolve any of this. That's why I have a feeling the "what happens when you die" question is going to be relevant. Agree with Xan, possibly you want to make a decision while you are still alive that best aligns with your wishes? Especially with your insi...

Do the expenses you pay have any type of tax implications? Have not looked at my 1099's in a while but I do not think so. But just want to be sure. My understanding is that holding a gold ETF in a taxable account does indeed have tax implications due to the "micro transactions" which occu...

TreasuryDirect to Bond Buyers: Moving Your Money Could Take a Year Demand surges on Treasury Department’s clunky website for buying government debt, leading to backlog of customer requests By Imani Moise | updated Oct 9, 2024 People who want to move investments from their accounts on the Treasury D...

Like most 401k plans, the bond choices are very very limited. I have similar issue with limited 401K options. For stocks there is an excellent low cost Vanguard S&P 500 fund. For cash there is no Money Market Fund option, just a Stable Value Fund which does maintain $1 per share value, but curr...