Inflation = rising prices, disinflation = inflation going down, deflation = prices declining.

Simple and clear. :)
Yes, D. Rubenstein is smart and is a good interviewer, indeed. I don't often catch him, but I do often see excerpts. (When the channel runs out of silly commercials to show you, they fill-in the gap by showing the viewer a self-promoting bit.) I can't get CNBC, but I can get Bloomberg, and put it on whenever I'm sitting down to a meal or a snack. And Rubenstein is not without a sense of humor. Refreshing.
This is one investor who likes to keep abreast of everything, but I act to make changes quite seldom.

Self-directed IRAs can hold a variety of nontraditional/alternative assets - real estate, precious metals, commodities, collectibles, cryptos, private placement securities, etc. These types of investments may be unregistered (with the SEC, etc), illiquid; may have limited disclosures, withdrawal restrictions, stale or book value prices (plus markups), unreasonable but meaningless guarantees. The main point of this Alert is that for regular IRAs, the custodian firms/sponsors have some restrictions and safeguards, but for self-directed IRAs, they have none, and they are basically the asset holders and administrators. This allows some bad operators (many are unlicensed promoters) to exploit customers, and customers may have limited or no recourses. The self-directed IRA custodian could even be fake; fees/ERs may be high. Some fraudsters may hide behind the complex rules for IRAs.
https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-alerts/investor-14
https://ybbpersonalfinance.proboards.com/thread/395/sec-alert-self-directed-iras

Can't make this up - new ETF's
By: Jason Capul, SA News Editor
"Think U.S. lawmakers have the inside track when it comes to the stock market? Now there are ETFs that allow investors to track moves made by politicians of the two major political parties.
Unusual Whales, in conjunction with Subversive Capital, unveiled two politically charged exchange traded funds that cater to both the Republican and Democratic sides of the aisle. The two funds are the Unusual Whales Subversive Democratic ETF (BATS:NANC) and Unusual Whales Subversive Republican ETF (BATS:KRUZ).
NANC: Plans to invest insecurities purchased or sold by Democratic members of Congress and their spouses.
KRUZ: Offers exposure to securities purchased or sold by Republican members of Congress and their spouses.
From a holdings point of view, NANC’s top three positions are in Microsoft (MSFT), Amazon (AMZN), and Alphabet (GOOG) (GOOGL) at weightings of 7.31%, 6.67%, and 5.91% respectively.
KRUZ on the other hand has its top three stakes in Magellan Midstream Partners (MMP), Microsoft (MSFT), and Energy Transfer (ET), which have weightings of 3.44%, 2.55%, and 2.24% respectively. Additionally, both funds come attached with a 0.75% expense ratio."

Bank of Princeton was to be acquired some years ago by Investors Bank in NJ; however, the deal fell through. Investors was later acquired by Citizen Financial Group early last year.
Earnings news release from the SEC website:
https://www.sec.gov/Archives/edgar/data/1913971/000119312523016226/d441956dex991.htm

David Rubenstein (Bloomberg) preempted Powell’s speech by interviewing Powell in front of an audience at 12:45. Really pressed him on a number of issues. Especially the 2% inflation target. Near as I can recall, Powell said it was a firm target. Hence, I’m not sure why the markets seemed to react positively (initially, anyway).
FWIW - the sources I follow - even the typically bearish ones - seem to be growing more positive on the markets, including gold. Seems to me that there was more negativity 3-6 months ago when valuations were 10-20% lower. Heck, even the IMF recently upgraded / improved its global outlook. Go figure.
(Not intended as investment advice)
Video of interview:

There is Hennessy Large Cap Financial and Small Cap Financial Funds.
https://go.hennessyfunds.com/Hennessy-Large-Cap-Financial-Fund-Q3-Holdings.pdf
https://go.hennessyfunds.com/Hennessy-Small-Cap-Financial-Fund-Q3-Holdings.pdf
If you don't mind a load fund, there is RMB Mendon Financial Services Fund also.
https://rmbfunds.com/sites/default/files/2023-01/2022-12-31 Holdings - RMB Mendon Financial Services Fund.pdf

Great to see he's adding some support for the fund. This helps assuage my concerns that they might liquidate it because of its small size. Not that much info that I can find on Brent Clayton. Found this:
"Brent Clayton has been investing in frontier and emerging markets equities for the past ten years at LR Global, a boutique asset management firm that spun out of the Rockefeller family office. He joined LR Global as an equity analyst in 2007 and became a co-portfolio manager in 2012 in conjunction with the launch of the firm’s Frontier Markets -dedicated equity strategy. He also has helped build, train, and manage a Hanoi-based fundamental research team in support of this fund.
Brent received a B.A., cum laude, from Dartmouth College with a concentration in Government and a minor in Portuguese. He is also a Chartered Financial Analyst charterholder."

Why do you think BPRN earnings just spiked? We drove there frequently several years ago when kid was at Princeton. I was always surprised at the construction and new condos etc, all high end, given the NJ tax climate.

Sorry, no. I meant share price, not earnings. My own school sits right next to the University:
"...Founded in 1812 under the auspices of Archibald Alexander, the General Assembly of the Presbyterian Church (USA), and the College of New Jersey (now Princeton University), it is the second-oldest seminary in the United States." (I think Harvard Divinity is the oldest?)
https://en.wikipedia.org/wiki/Princeton_Theological_Seminary
**********
**********
Chart:
https://www.morningstar.com/stocks/xnas/bprn/chart
BPRN is up +14.14% in 3 months!
YTD: +12.99%!!!!!
https://thebankofprinceton.com/
EDITED to add: SMMF, a regional bank in the Eastern Panhandle of WV serving that locale plus the Wash. D.C. exurbs and the Shenandoah Valley in Virginia. A merger is ALREADY accomplished with Provident State Bank (PSBP) which has HQ on the Eastern Shore of MD in Preston. The Summit name will be kept.

I've turned the page on the big monopoly Canadian banks. If I could have thrown the money at them maybe a decade ago, it might have turned out nicely. I still own none of them. CM. BNS. RY. BMO. TD.
I love to hunt for regional banks that are not in the headlines and don't get mentioned by CNBC or Bloomberg. I think Zion and Regions and Huntington and the like have all outgrown their britches.
PRISX: TRP Financials. in the middle of the pack vs. peers, YTD. Still nothing to write home about. I've redeployed a bunch of it on the way up in 2023. I'm still holding it, much reduced, so I can curse at it. PRISX did nothing but chew my ass for a whole year, through 2022.
After some digging, I'm hoping that "slow and steady wins the race." Still holding BHB. Still pleased with it, though it's encountering resistance near its 52-week target price. Slow and steady seems to be their style.... I went to school in Princeton. I thought: check what's there. BPRN. Bank of Princeton. It's lately on fire. I'll wait for a pullback. They only put shares on the market in 2019. Still young. Over the maximum time-frame for BPRN, BHB beats it handily.
After much looking, it appears that banks have almost ALL done well YTD, so an underpriced one is like finding a needle in a haystack. But these are on my watchlist:
AROW Upstate NY, Glens Falls region.
CAC. Camden, Maine.
COLB and UMPQ are in the middle of merging, out West. That's going to be a huge powerhouse.
FNLC. I'm just about ready to cross this one off my list, as well as CMTV. The latter is just too illiquid. And FNLC doesn't hold up when compared to BHB...... UNB out of Morrisville, Vermont seems to have eaten a poison pill. Its numbers have turned south in a big way. UBCP is Martins Ferry, Ohio and environs. After catching my eye, it's not impressing me.
I insist on a dividend. It's gotta be 3% or more, unless there's something else in the numbers that really blows me away, in a good way. My method? LOL. I often look for out-of-the-way resort areas and/or elite neighborhoods where there is apt to be established old money, or incoming, up-and-coming new money arriving. (Thus, the Maine coast.) But that strategy only goes so far.
Otherwise, I'm just "living the Life of Riley" here.

Always something, Will be interesting to see if markets zig or zag in response to whatever utterance he shall make. They’ve really been “wired” of late - if you haven’t noticed. Big news today appears to have been interest rates which rose sharply. 10-year Treasury back above 3.6% … Dollar strengthened. Dinged international holdings and some commodities. Little reaction in the precious metals however.
Excerpt from linked story: ”A speech from Powell before the Economic Club of Washington on Tuesday remains top of mind for investors. Markets interpreted a slew of his disinflation comments during last week's post-meeting press conference as dovish and stocks rallied. Many view the appearance as an opportunity for Powell to offer more clarity on where rates are headed, or clarify some comments made after last week's 25 basis point rate hike. ‘I think you will likely see an attempt to perhaps dampen some of the reaction to the statements in the press conference,’ (Sinead Colton Grant, global head of investor solutions at BNY Mellon Wealth Management) said.”
CNBC

Fidelity CRE is really new to the scene. May be a while to find something on it. Did find DoubleLine has a registration filing for a commercial real estate ETF filed last month.
https://www.sec.gov/Archives/edgar/data/1886172/000119312523008255/d313200d485apos.htm

https://www.sec.gov/Archives/edgar/data/915802/000139834423002217/fp0082102-1_497.htm
Brent Clayton

Private real estate has too much friction and illiquidity. Paying 1% management fee + 12.5% over 5% hurdle is a perfect product for advisors. Bond like returns, opaque pricing, low mark to market volatility. Meanwhile, the public real estate is too volatile. Wonder if the private guys use the public real estate as a hedge in turn increasing the volatility of the public. maybe just stay from it all till its becomes out of favor.

Fidelity has jumped into private commercial real estate (CRE). This FIDELITY CORE REAL ESTATE FUND fund requires investor accreditation, $25K initial minimum, +$5K additional monthly additions, ER 1.0% plus 12.5% of performance over +5%.
Fund will not be listed or traded on exchanges.
After 3 years of operations, quarterly redemptions up to 5% of fund assets allowed at the option of Fidelity.
It is suggested as an addition to traditional 60-40 stock-bond portfolios.
Note that Blackstone BREIT and Starwood SREIT have been in the news due to reaching their quarterly 5% redemption limits.
TIAA Real Estate Account VA QREARX is different in that it its Liquidity Guarantee (from TIAA) allows quarterly redemptions of any amount.
Listed real estate funds behave differently due to their leverage and market factors. Examples include VNQ, XLRE, FRESX, and hybrid FRIFX. Fidelity also has multi-asset FMSDX that combines stocks-bonds-alternatives.
An interesting time for Fidelity to enter private CRE area.
May be @TheShadow can find more information on its filing.
Video https://www.fidelity.com/go/alternative-investments-core-real-estate?ccsource=em_Promo_1057918_1_0
Video Transcript https://media.fidelity.com/assets/Fidelity.com_VMS/868/695/CoreRealEstateVideoTranscript_1.17.23.pdf
Limited SEC/Edgar Info https://www.sec.gov/Archives/edgar/data/1953520/000195352023000001/xslFormDX01/primary_doc.xml

https://www.sec.gov/Archives/edgar/data/1753394/000121390023008278/s149169_497.htm
497 1 s149169_497.htm 497
RIMROCK FUNDS TRUST
(the “Trust”)
Rimrock Emerging Markets Corporate Credit Fund
SUPPLEMENT DATED FEBRUARY 6, 2023 TO THE SUMMARY PROSPECTUS, PROSPECTUS,
AND STATEMENT OF ADDITIONAL INFORMATION EACH DATED SEPTEMBER 28, 2022
At the recommendation of Rimrock Capital Management, LLC, the Trust’s investment adviser, the Board of Trustees of the Trust (the “Board”) has approved the liquidation and termination of the Rimrock Emerging Markets Corporate Credit Fund (the “Fund” ) as a result of, among other factors, challenges faced by the Fund in conducting its business and operations in an economically viable manner under current market conditions. The Board approved the liquidation pursuant to the provisions of the Trust’s Agreement and Declaration of Trust after making a determination that the liquidation of the Fund is in the best interests of such Fund and its shareholders.
Effective immediately, shares of the Fund will no longer be available for purchase by new or existing investors. The liquidation of the Fund is scheduled to take place on or about February 28, 2023 (the “Liquidation Date”).
On or before the Liquidation Date, the Fund will seek to convert substantially all of its respective portfolio securities and other assets to cash or cash equivalents. Therefore, the Fund may depart from its stated investment objectives and policies as it prepares to liquidate its assets and distribute them to shareholders. Any shares of the Fund outstanding on the Liquidation Date will be automatically redeemed on that date. As soon as practicable after the Liquidation Date, the Fund will distribute pro rata to the Fund’s shareholders of record, as of the close of business on the Liquidation Date, all of the remaining assets of the Fund, after paying, or setting aside the amount to pay, any expenses and liabilities of the Fund. At any time prior to the Liquidation Date, shareholders may redeem their shares of the Fund pursuant to the procedures set forth under “How to Sell Your Fund Shares” in the Fund’s prospectus.
The Fund has the ability to distribute income and/or net capital gains on or prior to the Liquidation Date in order to reduce Fund-level taxes. For taxable shareholders, the automatic redemption on the Liquidation Date should generally be treated like other redemptions of shares, that is, as a sale by the shareholder that may result in a gain or loss to the shareholder for U.S. federal income tax purposes. Shareholders should contact their tax advisor to discuss the income tax consequences of the liquidation.
Please retain this supplement with your Summary Prospectus, Prospectus and
Statement of Additional Information.

Thanks for the info .
Let me add : "
Account Service Fee Per Year
(for certain fund account balances below $1,000,000)
$20"

Thanks. McClennan’s global holds about 10% in gold bullion and miner stocks as a hedge. That has moved up from the single digit %.

@Junkster, yes; into the weekend is literal, meaning after 6pm today. My writing style should have been much clearer.
@sma3 The 1's and 0's are likely finding their pathways inside the mainframes as we write. Perhaps there are advanced systems we do not know about; as with the movie, 'TRON'. Traders inside the 'machines', :)

”I liked the "old" Barron's far better. I could leisurely mull over the articles all weekend … Unfortunately, I can't even get the print edition delivered at my house anymore. Now it is mailed so it doesn't arrive until Tuesday some weeks.”

Not in a position to compare the “old” and “new” Barron’s. Read the paper edition regularily in the 80s before losing interest. Only in the past 3 or 4 years have I again become a regular reader. But I do find Barron’s better at what it does than any other financial publication I’ve sampled in recent years. I’d guess you’re correct if you believe it was “better” 25+ years ago. I find virtually every print magazine or newspaper I read to fall into that category. Recently resubscribed to The New Yorker. While still worth the price of admission, it doesn’t compare in content to 10 years ago.
As you might be aware, the Amazon Kindle editions of WSJ & Barron’s are essentially the same as the print editions in terms of stories and photos / art work. Look forward to my Barron’s arriving every Saturday morning. However, there may be some omitted charts / data. The Kindle format doesn’t support such very well. Not an issue for me because so much data can still be pulled up for free online.
* Those reading Barron’s on a Kindle app may find it necessary to re-format it (using various embedded settings) to make it appear correct. I suspect some don’t read it on Kindle due to not being familiar with all the available settings.

”Not for the timid.”

Hell no. Nearest thing to gambling available under the guise of “investing” I know of. Getting burnt badly a few times is probably part of the game. To demonstrate what can happen, following are the M* returns over a bad 3 year stretch for a “5-star” rated gold (miners) mutual fund. Since I presently own the fund, I won’t name it.
2013 -48.83 - 47.83%
2014 -15.39%
2015 -23.14%
All three were down years. A $100 initial investment would have been worth less than $33.50 at the end of that run, Though I haven’t identified the fund, one will find those numbers quite similar to the M* “category” averages for the years mentioned.