For what its worth, my PP/GB inspired portfolio is split 6 ways in order to include international stocks as one of the equal parts to go with the GB I think some home country bias is justified, especially since the US is currently 60% of the equities market, but I'd like some direct exposure to the ...

Yeah I'll be curious what the unintended consequences of that move will be. Ultimately I suspect it will net minimal taxes while discouraging stock buybacks...which may or may not be a bad thing. My main beef with that article is that it rolls out the old trope of cutting spending to get the budget ...

Haven’t studied nuclear but I know h they keep trying to dump the waste product in my state? If it’s so safe, they should keep the waste where it was used.

Aside from that I’m pretty open to nuclear. I never groked the lefts absolute hatred of the method.

I’d hope, but I suspect gold is not going to fare well.

Though much better than their crypto series. Whohooo they are (very politely) taking a flamethrower to the edifice. Their episode 10 with Professor Hillary Allen cuts to the heart of the matter.

Shows you how much of a cocoon I've been in. I thought Biden's difficulties were known by all...but I've been on that weird never-trumper info train. BTW At what point do we start including Fox as part of the MSM? Don't they have the largest share of the networks? And I have to assume they are havin...

Did Biden change the definition? I'm pretty sure Republicans were using the same metrics when Trump was in office. For all the grief Trump got, I don't think unemployment numbers were a major Dem talking point between 2016-20 (aside from trying to claim that the low unemployment numbers were due to ...

But teh libs is worst! They voted for Joe Biden and didn't let Trump stay in office even though he tried to steal th eelection!

Time to coronate king Manchin!

Fidelity has autoroll if you're already with them. Maybe other brokerages as well.

Tax increases remove the supply of money from the economy, so that would tend to reduce inflation. It doesn’t strike me as a good way to go about it. We could also just inflate away our debt and avoid raising taxes.... Now you sound like a republican. Nah to be a proper R, I'd say that inflating aw...

I Shrugged wrote: ↑

Wed Aug 10, 2022 12:54 pm

Xan wrote: ↑

Wed Aug 10, 2022 12:21 pm

Tax increases remove the supply of money from the economy, so that would tend to reduce inflation.

It doesn’t strike me as a good way to go about it.

We could also just inflate away our debt and avoid raising taxes....

Desert wrote: ↑

Wed Aug 10, 2022 12:26 pm

Xan wrote: ↑

Wed Aug 10, 2022 12:21 pm

Tax increases remove the supply of money from the economy, so that would tend to reduce inflation.

That's true.

IIRC, wasn't there a slight deflation scare with the Clinton budget surpluses? Good to know that we took care of that problem right fast!

Hahahah! That's epic. Good stuff!

I think my innate cynicism is what keeps me becoming a full utopian progressive even though I lean left.

If there is a metaphysical reality beyond the here and now, then yes it would apply to all people. However I also believe it's unimportant (except for the religions that make a big deal out of it). It's like the literal inerrancy of the Bible. The book is self contradictory without mental gymnastics...

I'd say that Prothero would say the question itself is an example of a Christian conception of religion. Christianity is uniquely focused on sin and salvation to be mediated via belief in correct doctrine. His argument is that other religions are not nearly as focused on orthodoxy and explore other ...

I think the vendors are used to handwaving in front of semi-innumerate homeowners that just go "okay, whatever lowers my monthly bills." Thanks. I like to immerse myself in all the details so there are no surprises or regrets after I finally make the decision. I've seen too many people quickly make...

Just finished Stephen Prothero’s God is Not One: The Eight Rival Religions That Run the World As can be gathered from the title, he does not believe that all religions are ultimately the same. Instead, he posits that Islam, Christianity, Buddhism, Judaism, Confucianism, Yoruba Religion, and Daoism e...

I think the vendors are used to handwaving in front of semi-innumerate homeowners that just go "okay, whatever lowers my monthly bills."

I think ultimately it really is about matching the portfolio to your personality, not so much the conditions of the world around it. Hear hear! My wife has an iron stomach when it comes to missed gains. She totally DGAF about losing out on a rising market gain. She'd happy take the first half of th...

Funny. I come from the exact opposite direction. I was a dittohead growing up, and while I have some lingering sympathises for the silicon valley libertarianism of my youth, I absolutely despise the current incarnation of the GOP with its authoritarian tendencies.

I wonder if Panda Express would do well in China. I mean all that salt and sugar deep fried gotta count for something right?!

Yet you all have no willingness to even consider the other point of view. The way I see it, it's the left that is reactionary (climate change), angry (abortion) and prone to consuming propaganda (CNN, MSNBC). I'm curious. Who on the left do you follow? On my end, my main follow is the Dispatch Crew...

The urge to be known as a victim is very strong in the U.S. right now. I've never seen it this bad. Yeah, everyone wants to be the lone man standing athwart history yelling stop. Whether its against racism (or against anti-racism) or COVID fascism (or protect the kids) or to protect Jesus (or save ...

I've been thinking about collapse lately. There are a lot of China Bulls and China Bears out there. My guess is that the most likely scenario is malaise - like the Japanese run from the 1990's-2010's. It's not a sexy scenario (versus collapse&desolation or kowtowing to our new yellow overlords). As ...

In my mind, the 100% stock investor is putting all their money on the table w/ AA pre-flop. On average, they will end up ahead. However, some outcomes will be close to ruinous, e.g. Germany or Japan 1939-1948. How well did bonds, cash, or gold do during those times? Your Money or Your Life includes...