Recent content by brettdoyle

That spending is out of control on the chart you showed. Imagine if a family earning $50k per year ran up credit cards to spend $7,500 (15%) extra income per year. It is not sustainable. I suspect the world will go back on a gold standard since that's what we had before this broken monetary...

No, inflation is a disaster for the US. We are currently able to live beyond our means. We have large fiscal deficits, so the government is able to borrow money and spend it. We also have large trade deficits, which means we are able to consume good without producing them. When inflation takes...

GDP growth is only useful if it is sustainable. If the Federal Government has to run a $5 trillion deficit per year so that they can pretend the economy is growing, obviously that is not a good thing. The nation is becoming poorer so that we can play pretend. Unfortunately, when creditors...

Amazon will probably just respond by laying these workers off and replacing them with contractors.

My "complaining" simply means I understand the dynamic going on. I realize that I don't have any say, that is why I don't waste my time voting. My vote will just be cancelled out by another idiot. We are going to continue to do stupid stuff and I am going to sit back, enjoy the decline, and...

During the last stimulus I saw people loading up their shopping carts with flat screen TVs imported from China. Apparently the stimulus is doing a terrific job stimulating the Chinese economy and creating jobs over there.

I am stuck here because of my kids. The irony is people are lining up to buy houses here. My house is worth 4 times what I paid for it, so either way I will be okay. When I moved in the neighborhood I thought I got a good deal... but now I see schmucks moving in paying 4 times and I feel...

In 1970, if you bought a car then you were really paying in gold. The US dollar was a gold backed currency. An individual could exchange $35 for an ounce of gold. The US was running big deficits with the Vietnam war and the welfare state (LBJ's Great Society programs like Medicare). This caused...

The fools at the treasury has continued to shorten the average yield of the national debt. This is presumably because they couldn't find enough buyers of 10Y and 30Y paper. Average maturity is only 65 months. If inflation or interest rates rise then the whole thing blows up rapidly. They'd...

When I subtract the annual deficit from US GDP it is negative every year since 2008. Effectively the economy has been in a constant recession but we've been able to pretend everything is fine by selling the farm and living beyond our means. The federal reserve and federal government have passed...

You guys just don't understand NFT. Here is how it works: Step 1) You buy the NFT. Step 2) Then you sell it to a greater fool. Step 3) That greater fool is buying it because they have an expectation to sell it to an even greater fool. Step 4) The cycle repeats over and over until the greatest...

Dave is a funny guy, but he is a degenerate gambler. I wouldn't trust any of his sports bets nor would I take any investment advice from him. He is mostly invested in overpriced hyped-up momentum stocks and hoping that they keep going up.

I live in St. Louis which is a miserable city with high crime, high taxes, bad weather, no mountains, no beach, etc... but $1400 goes a long way. My mortgage payment is only $449 a month. I just did the math and all my utility bills, insurance, gym membership, and property tax would run 1,134...

Glad to see some of these idiots getting wiped out. Some of the Apple fanboys that promoted this stock were arrogant and rude. Many of them were dumb enough to have huge portions of their net worth in this stock.

I'll throw in my 2 cents... I have a degree in computer science and have a lot of specialized knowledge in technology. Apple is making insane margins by basically ripping off it's customers with anti-consumer practices. As an example... the iPods used to work with cheap ebay cables for...