Search found 1128 matches

by clacy
Fri Jul 29, 2016 10:37 am
Forum: Other Discussions
Topic: Fudged Numbers Support Claims of Gender Gap in Salaries
Replies: 39
Views: 18036

Re: Fudged Numbers Support Claims of Gender Gap in Salaries

Another woman on the forum?? Hooray! I have much the same experience as Maddy, i.e. covering women who are out on maternity leave, leaving work early to go pick up kids etc. However, society wouldn't last very long without people who have kids, so I'm not sure there's a better solution. However, wh...
by clacy
Wed Jul 20, 2016 10:02 am
Forum: Other Discussions
Topic: Strongtowns.org Antifragile series
Replies: 77
Views: 33577

Re: Strongtowns.org Antifragile series

In my high-income bubble (nice suburb), half or more wage earners work from home. With the advent of more flexible work schedules and home offices due to recent technology, it seems like the days of long commutes and slower productivity due to distance are over.
by clacy
Tue Jul 19, 2016 1:26 pm
Forum: Other Discussions
Topic: Strongtowns.org Antifragile series
Replies: 77
Views: 33577

Re: Strongtowns.org Antifragile series

I've been loving this series. Great stuff. The problem is cars and houses. Cars are horrendously expensive for families earning less than like $50k a year, because probably both parents are working and need their own vehicles, which together cost $7-20k a year depending on how far they drive and ho...
by clacy
Mon Jul 18, 2016 5:28 pm
Forum: Permanent Portfolio Discussion
Topic: Things about the PP that do not make sense to me
Replies: 36
Views: 20234

Re: Things about the PP that do not make sense to me

There is absolutely nothing wrong with (IMO), tweaking the PP if that's what it takes to sleep at night..... -A portfolio made up of something like this certainly wouldn't be the end of the world: 20%- stocks 20%- gold 20%- treasuries 20%- cash 20%- (pick your asset class... high yield bonds, EM, RE...
by clacy
Sat Jul 16, 2016 7:57 am
Forum: Other Discussions
Topic: Savings Rates by Wealth Class
Replies: 13
Views: 7715

Re: Savings Rates by Wealth Class

I save about 15%. I would love to save more like 20, but with 3 kids and a stay at home wife, it gets hard to maintain a nice suburban life style.
by clacy
Thu Jul 14, 2016 9:00 am
Forum: Variable Portfolio Discussion
Topic: 20% annual returns over 40 years...interested?
Replies: 571
Views: 338577

Re: 20% annual returns over 40 years...interested?

Yep more work for sure. These three futures are extremely efficient. If there's a difference between them and spot you can be sure the same factors are playing out in the ETFs and probably the physicals when you account for the cash balance differences/interest and dividends. The real issue is can ...
by clacy
Wed Jul 13, 2016 10:43 am
Forum: Variable Portfolio Discussion
Topic: 20% annual returns over 40 years...interested?
Replies: 571
Views: 338577

Re: 20% annual returns over 40 years...interested?

My only concern with the futures strategy of ES-YM would be that while the Dow and S&P generally move in the same direction, there can be a moderate diversion in terms of momentum. Over time, months to years, it would wash out but you would have some occasions where your short Dow position lost ...
by clacy
Fri Jul 08, 2016 11:53 am
Forum: Other Discussions
Topic: Dallas shooting
Replies: 33
Views: 10610

Re: Dallas shooting

I feel bad for all the innocent black people that have been killed (or unduly harassed for that matter) by police, but I just heard this fact, from a professor that has studied this issue.... Cops are 18.5x more likely to be killed in the line of duty by a black man, than are unarmed black men shot ...
by clacy
Fri Jul 08, 2016 7:06 am
Forum: Other Discussions
Topic: Dallas shooting
Replies: 33
Views: 10610

Re: Dallas shooting

dragoncar wrote:If only open carry were legal in Dallas, citizens would have stopped this immediately.
Open carry is not stopping multiple shooters with assault rifles, from elevated locations (snipers), who triangulated a position to ambush as many police as possible.
by clacy
Thu Jul 07, 2016 11:18 am
Forum: Other Discussions
Topic: Hillary announced her free tuition plan
Replies: 3
Views: 1930

Re: Hillary announced her free tuition plan

[sarcasm] Sweet! The best way to drive down the cost of something is obviously to throw unlimited taxpayer money at it. What can go wrong? [/sarcasm] Yes. Lucky me. Since I'm so rich (not, but I make more than $125k) I get to pay for my 3 kids to go through college at $100k each, and now I get to p...
by clacy
Thu Jul 07, 2016 10:08 am
Forum: Other Discussions
Topic: Hillary announced her free tuition plan
Replies: 3
Views: 1930

Hillary announced her free tuition plan

Hold onto that gold.... lol

Free in-state tuition at in-state schools for children from households earning less than $125k/yr, which would cover 80% of all college bound kids.
by clacy
Tue Jul 05, 2016 12:07 pm
Forum: Other Discussions
Topic: Hillary Is Innocent
Replies: 15
Views: 5947

Re: Hillary Is Innocent

Those that make the rules are above the law. Laws are intended for the masses. This is no different than when she miraculously turned $1,000 into $100k trading hog futures. She can write her own rules...
by clacy
Sun Jul 03, 2016 4:24 pm
Forum: Permanent Portfolio Discussion
Topic: Why should PP continue going up?
Replies: 89
Views: 39249

Re: Why should PP continue going up?

It's not just banks that may be broken with sustained negative rates. It's also insurance companies and pensions. Even if there's a theoretical way for it to all work, human behavior in a negative rate environment is also a wildcard. E.g., if everyday people freak out and run on the banks because t...
by clacy
Sun Jul 03, 2016 12:34 pm
Forum: Permanent Portfolio Discussion
Topic: Why should PP continue going up?
Replies: 89
Views: 39249

Re: Why should PP continue going up?

"Why should ______ continue to go up?" You can substitute many things for PP in that questions..... Real estate, 60/40, any number of lazy portfolios, farm land, silver, muni bonds, etc, etc. Unfortunately no one can ever answer these with certainty. My belief is that balanced portfolios s...
by clacy
Sat Jul 02, 2016 10:46 pm
Forum: Permanent Portfolio Discussion
Topic: Why should PP continue going up?
Replies: 89
Views: 39249

Re: Why should PP continue going up?

It's entirely possible that 3 or even 4 of the PP asset classes will continue to go up, because the US looks relatively wonderful compared to the turd that is the rest of the world.

At least for those of us in the US.
by clacy
Fri Jul 01, 2016 3:10 pm
Forum: Other Discussions
Topic: Japan -- Doomed or Not Doomed?
Replies: 23
Views: 9128

Re: Japan -- Doomed or Not Doomed?

I'm rooting for Japan to get even more aggressive with QE and fiscal stimulus. I look at them as the canary in the coal mine for the US. There are differences, but from what I can tell, if they can QE their way out, we can too.
by clacy
Fri Jul 01, 2016 2:14 pm
Forum: Permanent Portfolio Discussion
Topic: Oh Come On
Replies: 109
Views: 44516

Re: Oh Come On

And for those that think the last several days/weeks have been too good to be true, it's important to keep in mind that the PP has been averaging approximately 5.3% CAGR since April of 2011.

And PRPFX is basically flat since that time.

I think gold/inflation will play catch up.
by clacy
Fri Jul 01, 2016 2:10 pm
Forum: Permanent Portfolio Discussion
Topic: Oh Come On
Replies: 109
Views: 44516

Re: Oh Come On

Is it inflation, deflation or the FED? Maybe its to punish those that went to cash.. I think inflation is headed our way finally. I operate a business, and prices, including wages have been pretty flat for the last several years. Recently however, hiring has become extremely difficult, and wage pre...
by clacy
Thu Jun 16, 2016 11:28 am
Forum: Gold
Topic: The GOLD scream room
Replies: 3693
Views: 1799702

Re: The GOLD scream room

Can you expand on your thinking, Clacy? Should gold really do well just because bond prices are so high? I am not saying you are wrong but I'd like to understand why this might be true. Thanks. Here is a hodge-podge of my (amateur hour) global-macro thoughts: -With yields at or near negative territ...
by clacy
Thu Jun 16, 2016 9:29 am
Forum: Gold
Topic: The GOLD scream room
Replies: 3693
Views: 1799702

Re: The GOLD scream room

I just can't imagine gold not doing well with bond yields so low. The gold haters always use "cost of carry" and "gold yields nothing" as excuses for why you shouldn't invest in gold, yet apparently they are more than happy to invest at negative or next to zero rates on bonds. It...
by clacy
Thu Jun 16, 2016 9:17 am
Forum: Bonds
Topic: Maximum Bond Upside
Replies: 278
Views: 166033

Re: Maximum Bond Upside

Swiss 30 year bond yield now below zero.

It's hard to believe that people would lend money to governments at a negative yield beyond a few months, let alone for 30 years.
by clacy
Wed Jun 15, 2016 3:12 pm
Forum: Gold
Topic: The GOLD scream room
Replies: 3693
Views: 1799702

Re: The GOLD scream room

Closing in on $1300. Maybe we'll go through it this time? My prediction is yes. Gold is going much higher. My belief is that the winds of austerity have passed and now gold will come back in favor. With bonds yielding nothing gold should become much more attractive. Gold will be the new "bonds...
by clacy
Tue Jun 14, 2016 8:27 am
Forum: Bonds
Topic: Real Nominal Interest Rates
Replies: 4
Views: 3633

Re: Real Nominal Interest Rates

German 10 year Bund yield turns negative today. Wow
by clacy
Fri Jun 10, 2016 9:08 am
Forum: Other Discussions
Topic: Japan -- Doomed or Not Doomed?
Replies: 23
Views: 9128

Re: Japan -- Doomed or Not Doomed?

I Shrugged wrote:Lower birthrates are correlated with higher standards of living.
Higher birthrates are correlated with lower " " ".

Anecdotally I can confirm that when I had 3 boys my standard of living took a hit!!
by clacy
Thu Jun 09, 2016 10:35 pm
Forum: Variable Portfolio Discussion
Topic: PP with 2x leverage (no 2x funds)
Replies: 26
Views: 16525

Re: PP with 2x leverage (no 2x funds)

#1 will be the cheapest by far and with a PP one should have plenty of cash buffer if leverage is kept to 2x...the downside is you would need around a min of $275K to run a balanced futures 2x PP Not sure where you're coming up with such a ridiculous number. The S&P is only $4200, gold only $45...