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sherpa

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Everything posted by sherpa

  1. Not bad, but it seemed like someone wanting to set up her future political career rather than acknowledging a serious loss. No surprise.
  2. Quite shocking. I was doing something else and kind of listening to the NY AG. Did she actually say that "this was not the result we expected?" Just horrible.
  3. The fact is that the Dems installed an atrocious candidate after they tried to fool the country by never admitting that their acting president and candidate was mentally infirm until it became grossly obvious to every single person. No record of achievement. Unable and unwilling to answer questions. Just terrible.
  4. I was at an intersection waiting to cross in a large city. An old 70's era Datsun 240Z stopped at the light. I said, "Look at that. An old classic 240Z, and it's being being driven by a snail ." The guy I was with said, "No that's a rare 240S." The light turns green and the car zooms away. The guy says, "Look at that S car go." Sorry. Clock change humor.
  5. Love 'em. The most fun you can have. Favorite is an F-18 vs an F-15. 40 mile head on set up. No radar missiles. Only tail quarter heaters or guns.
  6. I prefer the foreign restaurant experience. In the US, there is a "flip the table" vibe. In Europe and South America, it is customary to spend a lot more time eating, and I like that. It's kind of "your table for as long as you want." The US' service staff are somewhat intrusive. As they approach the table they begin talking without regard for the party/couple at the table. In other places their service is better and far more subtle. I like that, and I really don't care what your name is, so don't bother telling me. Glasses filled without even being noticed etc. There is a far higher percentage of career servers in other countries as opposed to the college student in the US. I used to go to South America weekly during my career and would occasionally take my wife, who is a California blonde, looking nothing like a native South American. The service we got was noticeably different when she was with me than when it was just me an my male coworkers. Anyway, I prefer the experience in other countries to the US.
  7. 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.
  8. Settle down. Use the three, (or more), moving average. Recent jobs report probably heavily influenced by two serious storms.
  9. 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.
  10. 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.
  11. 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.
  12. 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.
  13. 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.
  14. 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.
  15. 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.
  16. 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.
  17. 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.
  18. 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.
  19. 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.
  20. 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.
  21. 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.
  22. 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.
  23. 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.
  24. Non citizens, in this case self proclaimed non citizens do not have that right.
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