Recent content by Ayn Rand

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    Wallstreet Finally getting what they want from powell

    I do not know the political bias of each of the Board of Gov but this smells. Could the economy wait until after the election for any kind of additional economic bump. Sure. No one is going to say if the FED waited until after the election everything would have fallen apart. This move...
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    Wallstreet Finally getting what they want from powell

    The real reason for the 50 basis point reduction had little to do with the economy or the stock market. The FED (Wizards of OZ) are always working off prior data that is revised. Like driving a car using your review mirror. Most will not even notice a 50 basis point cut. But if you factor...
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    Gold Surpasses Euro as the 2nd Largest Reserve Asset

    Interesting post. AU has been on the rise. The word is that other countries are adding to their AU reserves. US debt > $35 trillion. No one is talking about ever paying that down. The dollar is in decline.
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    Yawn....... Israel attacked by Hamas

    Is the implication that Hamas intended to harm infants? Somewhat like the US dropping atomic bombs on Japan.
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    Yawn....... Israel attacked by Hamas

    I asked this before and got no response. Does anyone know why the Hamas attacked Israel?
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    Yawn....... Israel attacked by Hamas

    Does anyone know why the Hamas attached Israel?
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    Citigroup highlights slower US credit card spending : Credit card spending down 10.8%

    Restaurants and gas station give discounts for cash where I live. Currency is legal tender. By law it has to be accepted.
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    digital gold

    Thanks for the info. The link bitcoin/calculator was very informative. Did not exactly understand most of it but got the gist. Based on the example it takes about 8.9 years to generate 1 Bitcoin. "Bitcoin market cap will most likely overtake the gold market cap in the future.." I agree...
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    Do bond yield increases trigger stock market pullbacks?

    There is not a direct relationship between interest rates and stocks. But aspects to consider - Many stocks are held for their dividend payout. Higher rates make these stocks look less attractive. If you hold stock on margin the cost to carry is higher with higher interest rates. A lot of...
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    digital gold

    The price of Bitcoin today is $27,365. Does this imply that it approximately costs $27,365 to mine a Bitcoin? Is this broken down by electric consumption + man hours? If so how is the cost allocated over the inputs. I suspect there is a speculative component in there that has to account for...
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    Bankruptcy filings reaching multi-year highs....

    Lots of folks are buying all they can on credit because they sense the end is near. If you do not live in the country you do not stand a chance. The Living Dead is coming for you. Carnage and chaos for all. Live it up. Can't last much longer. All you have to do is look at our leaders.
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    Is crime hurting out economy ?

    Crime is always good. Especially smash and grab and looting. It means the US economy has to make more stuff. Making more stuff keeps people busy. It is like sending stuff to the Ukraine to be blown up. Excess inventory dump. If you have too much stuff you have to get rid of it somehow.
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    T-bills Etrade vs TDAmeritrade difference in yields

    Maturity dates might differ by a week. These are short term. Both - bought and looked at - mature 1st week in Jan 2024. I think it is a TD scam. No commission but bad price.
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    digital gold

    It has been entrenched in the collective consciousness as a thing of value, especially with the young. As of today it was $28,013.43. How could something with a high price be worthless? However, with a system crash (Mr. Robot) you could not access your Bitcoin but could carry gold in your...
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    Doubtful about the future?

    Is this in anyway reflected by Walmart and Costco selling gold online? Interesting they would start now.
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