Search found 239 matches

by jhogue
Thu Jan 17, 2019 12:57 pm
Forum: Cash
Topic: FDIC risk
Replies: 11
Views: 443

Re: FDIC risk

Also note that over its two century history, the U.S. Treasury has never failed to make full and prompt payment on Treasury-issued securities. If you own Treasuries, you will never have to stand in line while the FDIC takes over your failed bank and fixes the mess. So, back to the OP's question: I w...
by jhogue
Thu Jan 10, 2019 6:52 pm
Forum: Other Discussions
Topic: Krugman on taxes
Replies: 62
Views: 1420

Re: Krugman on taxes

I love tax policy when it goes religious. All kinds of tax policies work. All tax policies shape incentives. If a country’s citizens are cool with it, it funds whatever citizens want funded and doesn’t cause large elements of commerce to go black or grey market then the tax is “ok.” One of my favor...
by jhogue
Tue Jan 08, 2019 11:47 pm
Forum: Other Discussions
Topic: Limiting tax-deferred savings
Replies: 15
Views: 633

Re: Limiting tax-deferred savings

In principle, pugchief is right: you probably won’t go too far wrong by deferring as much as you can, as soon as you can, for as long as you can. That said, it also makes sense to build in tax diversification over time using Roth IRAs, Roth conversions, HSAs, savings bonds, or even variable annuitie...
by jhogue
Wed Jan 02, 2019 1:08 pm
Forum: Other Discussions
Topic: Will Trump be Re-elected?
Replies: 44
Views: 6523

Re: Will Trump be Re-elected?

I agree Warren will be interesting, but I wonder if she shot herself in the foot with the whole Native American thing. You can be sure Trump won't ever let her live that down. Cort, you may be right, but I think it is possible that the whole Pocahontas story may appeal to a certain niche of her vot...
by jhogue
Tue Jan 01, 2019 10:06 pm
Forum: Other Discussions
Topic: Will Trump be Re-elected?
Replies: 44
Views: 6523

Re: Will Trump be Re-elected?

Everything will be exactly the same, except different. In 2020, Dems will nominate Elizabeth Warren who will rail against plutocrats in banks, Wall Street, and offshore tax havens; but for taxes on Roth IRAs over $1 million, tighter capital controls, and Obamacare Plus Free Everything. Ironically, ...
by jhogue
Sun Dec 30, 2018 10:56 am
Forum: Permanent Portfolio Discussion
Topic: Worst investing year ever...
Replies: 59
Views: 8850

Re: Worst investing year ever...

I was surprised at how good the HBO movie from "Too Big To Fail" was. Strong performances by William Hurt as Treasury Secretary Hank Paulson and Paul Giamatti as Fed Chair Ben Bernanke. My favorite scene was Paulson (R) literally getting down on his knees and begging Nancy Pelosi (D) to support the ...
by jhogue
Wed Dec 26, 2018 11:59 am
Forum: Other Discussions
Topic: Book rec: The Mandibles
Replies: 7
Views: 362

Re: Book rec: The Mandibles

I checked it out as an e-book from the local library and read it cover-to-cover on a quiet Christmas Day. Wickedly funny at times, scary SHTF real at others.

The best novel for the libertarian persuasion since Robert Heinlein's The Moon is a Harsh Mistress. Maybe better.
by jhogue
Mon Dec 24, 2018 10:57 am
Forum: Other Discussions
Topic: Book rec: The Mandibles
Replies: 7
Views: 362

Re: Book rec: The Mandibles

Read the excellent review in The New Yorker, based in part on an extensive interview with the author:

https://www.newyorker.com/books/page-tu ... n-collapse
by jhogue
Sat Dec 15, 2018 10:05 am
Forum: Cash
Topic: New I Bond Rate 11/1/18 to 4/30/18
Replies: 43
Views: 3727

Re: New I Bond Rate 11/1/18 to 4/30/18

sophie,
Do you not find it passing strange that some investors fret over whether the US Treasury will make its interest payments on time, but don’t think twice about buying bond funds littered with paper issued by Puerto Rico or Enron?
by jhogue
Fri Dec 14, 2018 10:06 am
Forum: Cash
Topic: New I Bond Rate 11/1/18 to 4/30/18
Replies: 43
Views: 3727

Re: New I Bond Rate 11/1/18 to 4/30/18

I don’t claim to be up on the latest debates over Modern Monetary Theory, but there are some gaping holes in the blogpost you referenced: Mike Norman’s claim that Treasury bonds are “welfare for the rich” strikes me as misleading—perhaps deliberately so. Sure, Warren Buffet’s company has billions in...
by jhogue
Thu Dec 13, 2018 2:23 pm
Forum: Cash
Topic: New I Bond Rate 11/1/18 to 4/30/18
Replies: 43
Views: 3727

Re: New I Bond Rate 11/1/18 to 4/30/18

Who sets the fixed rate, and how. Why should they pay us anything...competing with foreign bonds? Private sector bonds? Oddly enough, Treasury has never announced how it determines the I bond fixed rate. The I bond composite rate is composed of both a fixed rate and a variable rate (from the CPI-U ...
by jhogue
Wed Dec 12, 2018 2:56 pm
Forum: Cash
Topic: New I Bond Rate 11/1/18 to 4/30/18
Replies: 43
Views: 3727

Re: New I Bond Rate 11/1/18 to 4/30/18

The great thing about buying I bonds right now is that the composite yield is fixed at 2.83% until 5/1/2019. That easily beats a 5 year Treasury at 2.76% (yesterday’s close). But if Treasury rates should continue to rise over the next five years, the I bond variable interest rate will reset upwards ...