sherpa

Revised from their original numbers. Not revised to a net down. The point is that making this all political is a fool's errand. Judging economic health on monthly reports is equally so. The economy is OK. That will never move me to the Dems current group. That will never happen.

Settle down. Use the three, (or more), moving average. Recent jobs report probably heavily influenced by two serious storms.

I am quite aware of calculating net worth, and of course home equity is part of the equation, but it must be replaced if sold, unless the owner dies. It creates a tax burden and it can create a capital gains tax. Simply not as valuable as liquid assets. Nothing wrong with that. In the case of Trump, or anyone else owning income producing real estate, it's a bit different than a simple personal residence. That's why things as simple as being approved for a margin brokerage account, or investment instruments requiring investor net worth qualification will not consider primary residence in the qualification.

I'm not going to speculate on property value over the next decade. What I am asserting is that unrealized gains should not be counted on to continue, nor used to base one's net worth on. Only liquid assets, those than can be capitalized in a few month's time, are what really matters. Pumping trillions of dollars into the economy is always going to result in inflated prices of competing commodities, whether stocks, real estate or other assets. Print money---->devalue money. That doesn't mean extra wealth. It simply means higher numbers.

I didn't dismiss it out of hand. What I am stating is that including property value as part of net worth is not a great idea, nor indicative of true economic growth. It must be replaced unless you die, at similarly inflated values. Property taxes drain an increased amount with the annual appraisal value. There is also a potential capital gains tax to be considered, further reducing real value.

I am very familiar with using equity. There is risk involved. One cannot assume that property will not undergo a reversion to the mean. One cannot assume property values will even remain stagnant. The owner of that property is paying increased taxes every year, based on appraised value. In addition if it is to be liquidated, there may well be significant tax consequences. The point is that using property value as a variable in net worth, as opposed to liquid asset value is deceptive. It must be replaced unless you die, and that appreciation is in the market options for replacement.

It seems that you are arguing a strategy for home equity line of credit. That is not only not part of a discussion of net worth, it is not part of the issue. Home equity is an asset that if used, needs to be replaced, at much higher cost unless downsizing. See 2008 for risks involved in real estate values. The way to truly value net worth is in liquid assets, not home/land equity.

Net worth is a sketchy way to determine people's situations. It includes real estate, which must be replaced unless one, or both dies. Liquid assets is a much better indicator, and without doing the math, I'm quite sure it has not kept up with inflation over the past four years.

Quite false, as always. My "claim" was that people were put in places they were not qualified to be in, and that resulted in death and destruction of tens of millions of dollars. I made no claim that you assert. I specifically claim that in these two instances, that was absolutely the case.

Absolute correlation. Absolute facts. Absolute dead people and 60 million destroyed. Those two incidents, specifically related to answering your challenge, were quite worthy of the time of the people effected, who, like me, don't give a rat's about your time.

Pot calling kettle...... A couple days ago you challenged me to provide evidence of people losing lives because of diminishing standards based on things other than merit. I did, Didn't see any acknowledgement, just a Tib's disappearance.

Didn't happen, just like the good people on both sides was referring to Nazis and white supremacists didn't happen. Keep repeating a lie. Works for you.

Win.

If lower inflation is desired, practice responsible fiscal policy. We haven't done that for years. Monetary policy, ie., the Fed acts in response to data caused by fiscal policy.

I have brined in liquid and dry brined, and I much prefer dry brining. Put the dry brine on and let the turkey sit for two days, uncovered in the refrigerator. Make sure to loosen the skin and get the mixture under it and on the meat. There's solid chemistry backing this process. I also place the turkey breast side down for the first half of the cook. I discovered this technique by accident a few years ago, and the breast is much more moist.

Are you serious? A hint. There are just as many people "making prognostications re interest rates" on both sides of the argument. That is what makes the market. Jeez this is stupid.

Absolute nonsense. Of course tariffs would cause higher prices on those items impacted. That would slow demand, and thus lower interest rates. Interest rates are the free market demand for money.

First game Sep22, 1963. My uncle took me. I wasn't really interested, but I went. Really young. I still remember the smell of those Sahlens hot dogs. Great atmosphere. We sat behind Kansas City wide receiver Chris Burford's parents. Game ended in a tie, but I was hooked. Been a fan ever since, as are our kids, who were born and raised for their first years in San Francisco during their heyday, but are just as die hard for the Bills as I am. We never call them the Bills. We call them "the beloved." They still join me on Sundays when able for good food and the game. They'll be here this Sunday for the Dolphins. The Bills have provided massive disappointment at times, but their contribution to the the closeness of family is immeasurable.

Non citizens, in this case self proclaimed non citizens do not have that right.

Are you in possession of the facts here? These are self identified non citizens. The state's actions were a continuation of a precedent set in 2006 by gov Tim Kaine. Recognize that name? Hillary's running mate and favorite of on of our staunch Dem poster's here?

Can you possibly be more disingenuous or deceitful? He was talking about the Biden Admin's refusal to apply US immigration law, and what has resulted. Goodness, what gross, intentional lying.

I served as an elections officer for five years. I knew and met people who are extremely affluent, and many less so. After a while of doing this, and engaging in conversation, which my small precinct allowed me to do, I concluded that there is no value in judging based on net worth, education or any of the myriad of other categorizations. We have two very flawed candidates. We need to get through this and get over this nonsense. We don't have a Hitler or fascist, and the world is not going to end. We have a somewhat narcissistic blowhard, and a leftist loon from an area that has destroyed effective government, and cannot answer a simple question. Tough years ahead. Great for the media, but not for us, but we'll get over it.

Billy Shaw vs the Chargers Ernie Ladd. Worth the price of admission.

This guy is a total goof. My brother in law and his wife just visited. He is a partner is a Minneapolis wealth management firm that does a lot of Vikings and Twins clients. He and his wife despise the guy. Special state call in lines to report on your neighbors who might be violation their covid restrictions at family affairs? One could drag a guy off the street and I'd be more confident in competency.

I like revenge movies. Top two. The Count of Monte Cristo, newest version, with Jim Caviezel, and Mask of Zorro with Banderas, Zeta Jones and Anthony Hopkins. Simple stuff. Total escapism.