Joe Ferguson forever Posted March 13, 2023 Posted March 13, 2023 8 minutes ago, Precision said: What memories, I was an undergrad at Northeastern University when old Barney spoke at commencement (in 1987). The campus newspaper had an insert that said, "Barney Who?" that students brought to the ceremony and waved around. It was a huge embarrassment for the school! Good times, good times! Never realized Northeastern was homophobic. 1
Big Blitz Posted March 13, 2023 Posted March 13, 2023 “This is going to be true for every bank in America….” Bonds losing value due to rising interest rates 2
Joe Ferguson forever Posted March 13, 2023 Posted March 13, 2023 (edited) 8 minutes ago, Precision said: Good stuff! My daughter, wife and I toured UVM, tried to get a grilled cheese outside the library afterwards but everyone had closed up shop. I guess the grilled cheese is a thing there? Don't know. I think the talk was the only time I visited. Now Middlebury and Dartmouth had good sandwiches as I recall. pretty sure the tacos were good. just a guest and ate some food but the beer and the co eds were the highlights. Edited March 13, 2023 by redtail hawk
Joe Ferguson forever Posted March 13, 2023 Posted March 13, 2023 (edited) 20 minutes ago, JDHillFan said: You should consider proofreading before posting. It will go a ways in making you look less foolish. Now bipartisan legislation has become “yeah, but those guys supported it more”? 🤦♂️ 🤦 What made you keen on sharing Frank’s non-employee status but not sharing the news of the cool 1M he’s raked in from them? Guess we can start calling you ol’ red. I'll take it under advisement. 15 minutes ago, Big Blitz said: Bonds losing value due to rising interest rates yes, that's a well known phenomenon. Interest rates increase, bond values decrease. "Bonds have an inverse relationship to interest rates. When the cost of borrowing money rises (when interest rates rise), bond prices usually fall, and vice-versa. Relationship Between Interest Rates & Bond Prices" Not hard to see why. sTill, a decent return ; https://www.treasurydirect.gov/savings-bonds/i-bonds/i-bonds-interest-rates/ Edited March 13, 2023 by redtail hawk
Gene Frenkle Posted March 13, 2023 Posted March 13, 2023 1 hour ago, redtail hawk said: You'd think once inflation started ramping up and the fed signaled prolonged and repeated rate increases they'd have adjusted their strategy. Greedy bastards fell in love with cheap credit and screwed their customers. They should pay with their homes and boats and porsches but they won't. The problem, apparently, is that they bought long-term debt that lost value and they couldn't get out of without taking a huge loss. Kind of like "Oh, we're sure interest rates will remain at 0% for the next 10 years, so we should base our risk analysis around that and make lots of money". What could go wrong? 55 minutes ago, Big Blitz said: Oh. No schitt dummass, they are all corrupt. Plenty of greedy blame to go around. This is rich vs. poor, not left vs. right. 2 1
Gene Frenkle Posted March 13, 2023 Posted March 13, 2023 Then again, your favorite boy did make this possible by repealing parts of Dodd-Frank. They are all your enemy no matter what Tucker says. 1 1
Precision Posted March 13, 2023 Posted March 13, 2023 1 minute ago, redtail hawk said: Never realized Northeastern was homophobic. People tried to make it out as homophobic, but students were disappointed about having a crappy local politician as a commencement speaker for what is supposed to be a nationally recognized private school. I did not answer your question regarding how I would invest were I a German in WWI. Really it would be no different than now by investing in assets that protect against taxes and inflation. I have money in the market, real estate, commodities, foreign investments, very few bonds, very little cash. In the past I put as much as possible into my 401K over the course of 30+ years and invested in Roth's aggressively. I am not a financial expert but by most account am "rich", 56 and retired in January this year. Both our children's higher education has been paid in full by my wife and myself. 1
Joe Ferguson forever Posted March 13, 2023 Posted March 13, 2023 1 minute ago, Precision said: People tried to make it out as homophobic, but students were disappointed about having a crappy local politician as a commencement speaker for what is supposed to be a nationally recognized private school. I did not answer your question regarding how I would invest were I a German in WWI. Really it would be no different than now by investing in assets that protect against taxes and inflation. I have money in the market, real estate, commodities, foreign investments, very few bonds, very little cash. In the past I put as much as possible into my 401K over the course of 30+ years and invested in Roth's aggressively. I am not a financial expert but by most account am "rich", 56 and retired in January this year. Both our children's higher education has been paid in full by my wife and myself. 'The most widely studied hyperinflation occurred in Germany after World War I. The ratio of the German price index in November 1923 to the price index in August 1922—just fifteen months earlier—was 1.02 × 1010. This huge number amounts to a monthly inflation rate of 322 percent." I'd love to know any investments paying 322%/month. It was very different. but kudos on your success. I pulled out just before the crash of 2008. had a tough time getting back in and missed significant potential gains. Now I let a financial advisor decide for me mostly.
Joe Ferguson forever Posted March 13, 2023 Posted March 13, 2023 (edited) Looks like the street isn't overly concerned: https://finance.yahoo.com 1% up tomorrow would be great. Certainly things can change and if I had a crystal ball it would be on my yacht (I did have a fishing kayak once- sold it- too unstable). Edited March 13, 2023 by redtail hawk 1
Gene Frenkle Posted March 13, 2023 Posted March 13, 2023 20 minutes ago, aristocrat said: I want a national divorce. Best of luck. 9 minutes ago, redtail hawk said: Looks like the street isn't overly concerned: https://finance.yahoo.com 1% up tomorrow would be great. Certainly things can change and if I had a crystal ball it would be on my yacht (I did have a fishing kayak once- sold it- too unstable). The casino never responds how it should. Rigged game, my friend. 1
Joe Ferguson forever Posted March 13, 2023 Posted March 13, 2023 (edited) 5 minutes ago, Gene Frenkle said: I want a national divorce. Best of luck. The casino never responds how it should. Rigged game, my friend. No doubt. Retail investors like us are always the last to know. But even for the insiders, the average needs to increase for them to win. Small consolation, I know. It's ok for now, comfortable is fine. Don't need a mansion, yacht or porsche to be comfortable. That's the other part of the equation. Edited March 13, 2023 by redtail hawk
Joe Ferguson forever Posted March 13, 2023 Posted March 13, 2023 https://finance.yahoo.com/news/us-says-svb-deposits-safe-230714841.html
Joe Ferguson forever Posted March 13, 2023 Posted March 13, 2023 11 hours ago, Wacka said: What I was talking about was all undergrad subjects. I worked in a department in the Stanford Medical School (was when Chelsea Clinton went to Stanford). My PhD is in Molecular and Cellular Bio from UB. and I was thinking Creative Writing...
Tommy Callahan Posted March 13, 2023 Posted March 13, 2023 (edited) 21 minutes ago, redtail hawk said: https://finance.yahoo.com/news/us-says-svb-deposits-safe-230714841.html Mark Cuban: bailout Silicon Valley bank tonight. Feds approve. Lloyd Blankfein: Goldman Sachs needs 824 billion, Feds, approve. Jamie Dimon, JPMorgan needs 421 billion, Feds approve. Average Joe. My wife got cancer; can we get Medicare/lifeline. Feds, we broke. Its gonna be interesting to see what the markets do in a few. Not looking so good outside asia. https://money.cnn.com/data/world_markets/europe/ Edited March 13, 2023 by Chris farley
Joe Ferguson forever Posted March 13, 2023 Posted March 13, 2023 (edited) 7 minutes ago, Chris farley said: Mark Cuban: bailout Silicon Valley bank tonight. Feds approve. Lloyd Blankfein: Goldman Sachs needs 824 billion, Feds, approve. Jamie Dimon, JPMorgan needs 421 billion, Feds approve. Average Joe. My wife got cancer; can we get Medicare/lifeline. Feds, we broke. Its gonna be interesting to see what the markets do in a few. Not looking so good outside asia. https://money.cnn.com/data/world_markets/europe/ Yes, too big to fail sucks. redistribution of extreme wealth would be the cure. U actually trust CNN?🤔 Edited March 13, 2023 by redtail hawk 1
Tommy Callahan Posted March 13, 2023 Posted March 13, 2023 Just now, redtail hawk said: Yes, too big to fail sucks. redistribution of extreme wealth would be the cure. Meh. thats more of the same state choosing who gets who's earned moneys. 1
Joe Ferguson forever Posted March 13, 2023 Posted March 13, 2023 2 minutes ago, Chris farley said: Meh. thats more of the same state choosing who gets who's earned moneys. Done everyday and twice on Sundays. It's called lobbying...and the average Joe doesn't have any lobbyists save Bernie
Tommy Callahan Posted March 13, 2023 Posted March 13, 2023 (edited) 6 minutes ago, redtail hawk said: Done everyday and twice on Sundays. It's called lobbying...and the average Joe doesn't have any lobbyists save Bernie Meh. any more it seems many donate to charities that are actually political pacs. ACT blue claims to be all small donations from us normies. same with priorities USA. And sanders has taken in at least 3 million from lobbies over his lifetime of being a "representative." https://www.politifact.com/factchecks/2020/mar/09/alexandria-ocasio-cortez/bernie-sanders-has-taken-corporate-lobbyist-money-/#:~:text=And figures compiled by the Center,whether Sanders has ever taken contributions&text=And figures compiled by,has ever taken contributions&text=compiled by the Center,whether Sanders has ever https://www.opensecrets.org/members-of-congress/industries?cid=N00000528&cycle=CAREER Edited March 13, 2023 by Chris farley
Joe Ferguson forever Posted March 13, 2023 Posted March 13, 2023 (edited) 6 minutes ago, Chris farley said: And sanders has taken in at least 3 million from lobbies over his lifetime of being a "representative." over his lifetime? what's that average per year. Now do McCarthy or McConnell. What is it with the Mc's?. Edited March 13, 2023 by redtail hawk
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