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We don't disagree as much as it might appear. But we can't discuss some of these matters in an intelligent way because there are some basic facts we do disagree on. There can be only one set of facts, Trump's White House Press Secretary to the contrary. So one of us is wrong. We can't both be...

I don't. Don't know how Your post got into my post responding to Wallet. No doubt some something stupid I did.

I apologize. Good for you. You're Vaccinated then. Hooray! And not as dumb as I thought you were. Incidently, there are lots of articles from authoritative sources reporting the mRMA vaccines provide superior protection relative to that provided by "natural immunity" acquired by infection...

IMO, that's a very bad idea.

Almost all student loans are guaranteed by the U.S. government in one way or another. That's why banks have traditionally been happy to make these loans to 18 year-olds with no income and no assets. The bank bears no risk of default, and as a riskless loan it is very liquid. Great deal for...

Has he heard about refinancing? :D

Cuddles says jem has re-appered as something else, but I figure he might be dead from COVID while he was waiting for his T-cells to kick in. . .

Pleeeezzzeee. Give us a break would you. Stop insisting on acting dumb. Look at the data would you! Hospitalizations for omicron vaccinated versus un-. And we all have T-cells!!! Even those with AIDS (they have too few of course). Same thing re cases reported by the way. Be smart get your...

There is no hope for the Frog. I gave up a long time ago. He is immune to fact. When you look at the rate of hospitalization for the new strain (omicron is it?) for unvaccinated versus vaccinated the difference is mind blowing. If all those unvaccinated are counting on their T-cells, god help...

However there is nothing at all about the long term pattern of the market that looks anything like a random walk. Random walks though they contain a few steps in the same direction are still, over all, random. The market is not a random walk, even though what's his name took "a random walk down...

Our economy has harbored a major distortion for nearly 40 years. It's been due to the majority of our population living on credit*. The current administration's policies, if they can implement them, should reduce the size of that distortion. It will be interesting to see the result. But...

I am not disagreeing but I want to point out that as the time period gets shorter then what happens at any time point may approach 50:50, but as the time period between points gets longer my experience is that there is a definite bias for the market to do at the next point what it did at the...

I don't know where (or when) it all falls down, but I do know I don't want to depend on Zeitgeist for anything other than entertainment.

We all have the option to function without constraint or go to jail. This applies to the government as well, because all government decisions are made by people. What you are talking about, but don't seem to realize it, is "good government" vs. "bad government" . I assume we both agree good...

Well, thanks. And yes, "No", is the correct answer. At least your post bears some relationship to what I posted! Its a common misunderstanding that the Central Bank is a private institution. The 1913 legislation indeed treated the Central Bank as a private institution. That ended with the...

Huh? ? You must have me confused with someone else? I did comment on the gold standard. But my comment was this: "And too they should understand why we don't use a gold standard anymore and how a gold standard unnecessarily handicaps an economy." Are you responding to one of my posts or to...

Nevertheless their external debt is real debt. The U.S. has no real debt.

Indeed, it can happen quite rapidly. Monetary systems have always required good management with high integrity to remain stable and lasting. But there is another attribute that I believe is essential for long term stability and that is openness, meaning all the citizens of the country should...

Every country that uses fiat money has to "print it." That's the origin of modern money. If they don't supply enough to their economies, they will have to print some more to avoid deflation. If they print too much, they can swap some of it for interest paying securities, or they can remove it...

This guy is likely in hot water with Harvard's administrators as well. Unless he informed Harvard of his arrangement with China and they approved it, which seems unlikely, I am almost certain he would have violated his contract with Harvard. They would have the option to fire him, regardless...