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Well you did fairly well up to that point. There purchsing power is not net lower. It is net higher. They only pay higher taxes on their last dollars earned. They are still way ahead! You remind of a guy who complains about paying a million bucks last year on income tax. I wish we could all be...

A fund manager or a computer. 8% is about the average return on the S&P 500 over the last 20 years (~7.9% I think) If you are struggling to get that return from trading or personal investing , quit and put your money in an index fund. Had you put your money in an index fund you'd have beat...

I will be pleased to do that. In the meantime please provide the dates I referred to.

Isn't it hard to get a real "Bear Market" by traditional measures without a recession? We don't want to confuse a correction with a bear market do we?

That may have been jumping the gun. (Though I thought there were signs of a peak trying to be made after the 2021 data was in, I am not acting on that because hard to reach peak nominal earnings, which is what's usually reported, during periods of rapidly increasing inflation. (Real earnings...

Your response was to something GWT posted but I can't help noting that if one observation, e.g., Florida Covid deaths over a set period, generates two different values, one of the values is wrong, or both of the values are wrong. Both values can not be right. If knowing the correct value is of...

Suggestion. If your looking for a recession, look for peak corporate earnings usually following the inverted yield. Very difficult to have a recession without an earnings peak. I would say the earnings peak is more important than inverted yield. The inverted yield is a harbinger that doesn't...

Wow. Ketanji Jackson is a brilliant Judge with vast experience. What a wonderful choice for our highest court. Congratulations to Biden and everyone who had a hand in her nomination. How nice to have a person nominated because of professional qualifications rather then politics!

Huh??? The "guy" that did this "study" must be being paid to be stupid, because NO ONE CAN BE THAT STUPID! He found there were more democrat votes where more democrats voted. Aha ha ha ha ha ha ha ha ha ha ................................................. And how did he know they were...

No luck involved! It was the inevitable result of decades of government mismanagement and corruption, together with the improbable nature of communism succeeding on such a grand scale, taking in, as it did, many disparate "tribes". China experienced a similar failure for the same reasons...

Please understand that my remarks are first in regard to Russians in today's Russia and not those of Ukrainians in today's Ukraine. You mentioned the dislike of Russians by Ukrainians. We know that. It's been amply demonstrated. Those reading my earlier remarks who are younger may fail to...

I agree with nearly everything you posted! However I have a different take on what I expect to happen eventually. Here's why. This Ukrainian War amounts to a huge miscalculation by Putin, and it will likely lead to an ending for him. I don't know in what form that will come, because there...

I think so. China is siting out this hand, and that leaves Russia playing against most of the world.

Yes. The world is awash in oil . There is more than enough potential production to replace Russian oil and gas. It is a matter of time, distance, price, and politics.. Nevertheless, there is plenty of oil and gas.

By next Winter, Putin will be gone. The Russian people will have had enough of him and his senseless war. They will be tired of their sons returning in body bags. They will be tired of empty shelves in stores. They will be tired of incredibly high prices for imported items. They will be...

Russia is insisting on pricing in rubles, both imports and exports. Their foreign exchange Dollar and Euro reserve accounts have been impounded. What they are doing is both smart and an act of desperation. They know that some countries are still very much dependent of Russian natural gas and...

Here is my favorite lunacy from the lunatics. They claim editors at Wikipedia take down... Even opposing facts? Aha ha ha ha ... OMG, what's next? Will the editors be so bold as to take down... "alternative facts" too?

In re to the Thread subject, See Katz v The United States. Prima facie, this looks like a violation of a Fourth Amendment Right. If the released material is untrue, then it is even worse for Johnson. Just being the topic of wide discussion can make one an "involuntary public figure." An...

NoahA. You are probably relative young, I am very old. Let me comment with the best of intentions therefore as a grandfather might to his grandson. If you had studied money theory, you would immediately recognize why crypto currencies can never replace sovereign currencies. Our modern credit...

My comments had to do with the Fed's response to the financial crisis which was the topic of the interview that Tsing posted. In this thread collaterized federal loans are being confused with printing by some of you.. The Fed does print, and I have mentioned many times that that occurs when...