Posted on 01/17/2018 4:05:22 PM PST by blam
OMG, I’m writing about this subject at another forum...you and I are talking about the same thing, same time. Too funny. I was explaining how bitcoin reminds me of Enron in that if people think it’s a currency, it is too volatile, but if an equity, it’s got no underlying business other than trading.....like ENRON.
You must be a finance guy....good on you.
I tell people my success came from a hatred of poverty!
Rich people have kids, and they have no concept of poverty. In that light, many of them become little miserable liberal shits that do nothing for society while their parents were movers and shakers.
In regards to doom and gloom, the one thing I am certain is that people will continue to consume, heat their homes and drive their cars and the government better do their best to keep it that way, that is if they know what is good for them. They better make sure that we never ever approach anything even close to the last depression, as people now and then are all together different and the last depression would have been a walk in the park compared to what it would be like now, as tolerance is no longer in existence, not to mention that a good portion of the population is armed to their teeth and then some, the results would not be pretty at all.
Many of us can’t. We have our money in retirement accounts such as TIAA-CREF that cannot be withdrawn until we retire.
“I know what the normal activity looks like, and you have a good point. Still... this is a market like none other I’ve seen. How do you play it?”
Ludwig von Mises wrote, “There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”
I see those as reasoned comments also. I agree with your take on things.
I don’t see how the market continues to grow like this, but then I’d have thought there would have been corrections by October of last year too.
Looks like you’re playing it safe and still gleaning profits.
Good for you.
“My first 20% of pass through is tax free.”
_____________________________________________
Wow! That’s great! What’s the tax rate on the remainder, if I may ask?
Guess you folks missed the story that China has stopped buying our debt..At some point the music will stop and somebody is going to be left without a chair...
Simple, because supplies are perceived to be tightening.
Very simple. Look.
https://www.eia.gov/petroleum/weekly/crude.php
Heating oil is dirt cheap compared to what it once was.
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=W_EPD2F_PRS_NUS_DPG&f=W
In addition to oil supplies being low distillate stocks are being pressured. It is colder than a well digger’s butt in the Klondike out there. Diesel is also in high demand. It is the same as fuel oil.
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=W_EPD2F_PRS_NUS_DPG&f=W
Fuel oil is a terrible fuel for heating anything. Natural gas is much better and the areas that use fuel oil seem to delight in blocking natural gas development so tough if the price of fuel oil is high. Maybe it will give someone a clue about what needs to be done.
Precisely. That's how free-market capitalism works.
Yes, we are teetering on the fence. I’m concerned the pubbies are going to defeat themselves in the mid-terms and the hard won majorities are going to be lost. The worst part of all that is how the hard won majorities have been wasted.
No wonder Coach Popovich has been having a tantrum. The NBA is about to lose a chuck of their value and he's not even in a large market. Ouch.
17 year-old MRE tuna surprise will make your mouth pucker but probably won’t kill you.
There’s a reason a recent report said that the US would be the biggest oil exporter in a few years. We’re close to seeing a tidal wave of oil along with lots of natural gas unleashed on the market. Add in Ford and GM’s move into electric cars and gasoline will be available beyond normal supplies unless they start closing refineries.
Follows the normal tax schedule as taxable income.
Oh, they also raised the child tax credit of 2k from the low 200s to like 400k of income.
I remember survival food for the fallout shelters. It was carefully packed away in these big square tin cans. Dad bought the stuff back in the late 50s and early 60s. Almost all of it went to waste.
Things have improved and we got a little smarter but similar problems persist. Packaging, especially self-packaging even with good equipment, is iffy.
I know people with thousands of pounds of various grains stored away. They can’t begin to eat the stock at a pace necessary for rotation.
The total collapse of society has been foretold since before Jimmy Carter.
Think of all those survival manuals published, and sold through various outlets telling everyone and his dog how to prepare for the collapse of society.
Still waiting.
“the story”
Media?
That old,,,”they quit buying our debt” story has gone on since the 80s and the Japanese.
The Chinese have a massive trade surplus with us, and if they don’t buy treasuries, they wind up with Revolution. I’m thinking they keep buying our debt...
Excellent observations, oil prices may creep up but to suggest that oil prices will spike to 100 or 120 dollars a barrel seems fairly unlikely. Also, lots of natural gas out there. Also, more and more merchant ships are burning LNG, so less demand for bunker fuel.
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