Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
@Hank. “Way too much politics.” I am guilty as charged. Maybe Bogleheads have it right. They have Zero tolerance for any remark even hinting of politics. And Zero means Zero.
False equivalency: comparing the spontaneous looting of some local businesses(not to be excused) and the planned looting of the United States Capitol with the intention of disrupting the orderly transfer of power after an election. False equivalenc…
Who knows? Maybe the Dems won’t be able to get enough votes to pass it. Is a poor deal better than crashing the economy? My macro view is the freedom caucus would like nothing better than to crash the economy, create even more turmoil and further …
@StayCalm. I am with you in that it would seem that the President negotiated badly on stuff he told us was not even negotiable. But trusting this Supreme Court to adjudicate the question of the 14th seems risky. As much as it hurts,,,, elections h…
@Dt …. Using the adjective “intellectual “ twice in one sentence to describe another person and said person’s thoughts is never meant as a compliment. So you aren’t fooling ANYONE. And if you believe that millions of trumps red hatted, confederat…
@Lewis. +100. Still I want to respectfully disagree with your last paragraph. Substitute “the repuglican party” for American. They celebrate cruelty and a mean spirit that doesn’t represent what American stands for. It’s funny, today on my block…
@Old_Joe. Sure there are some really wealthy folks who greatly benefit from tax cuts and deregulation. Not enough of them to be one of the two major parties in the country. Those guys feed the ignorant masses the red meat culture war shit to the…
@Tarwheel ,,,,, why do you think “most Republicans Do care about money,,,”? Most Republicans vote against their own economic interests and vote for the likes of Trump because of hot button culture war issues . They are motivated by fear, ignorance a…
@ Tarwheel. At the risk of sounding like a broken record and just plain being redundant,,, “climate-change deniers” are like election deniers and vaccine deniers and democracy deniers. They are repuglicans and they NEVER see the light. Until th…
@stayCalm. Thank you for your comments. I am certain we agree that perhaps a third of the country are 100% behind these facists. That is THE problem. If anyone else here remembers being in the movement in the sixties, we were quick to call those w…
Been a Schwab customer for about 30 years. I stay for the service. Whenever I have a question or concern I can always reach someone who actually seems to care about my problem. Today I got a follow up call from yesterday’s question about POA on ou…
@dt. Weiss ratings give Schwab Bank a safety rating of C with a red down arrow. And digging deeper it is noted to be poorly capitalized. I remember weiss to be a hard grader from my days in the insurance business. FWIW,,, B of A got a C+
@David. Thanks for sharing that. I always judge these discussions by observing if the initial discussion of the 4% rule tells the unsuspecting reader the ground rules. That is that the 4% rule is based on a very specific asset allocation and tha…
If you connect Jan 6 ,,,,, election denialism,,,, worship of the AR 15, crashing the economy while fermenting social chaos by delegitimization of the LGBT community, non Christians and people of color and taking away women’s control of their health …
@David. +1. Since we know the current make up of the GOP doesn’t really care about the deficit,,, anyone care to discuss what the true motivation might be for holding the world economy hostage?
@yogi. With all due respect to your vast knowledge,,,,,, Schwab Bank does o=offer its own CD’s. Perhaps not to the general public but to Schwab customers. I have several,,, They aren’t offering them THIS MORNING but have recently. An example, CU…
@dtconroe…. Me as well. As I have de-risked our assets I feel that I have prepared as best I can under the circumstances. As a former History grad student I have been pondering how this will be viewed fifty years from now if we indeed blow it up.
I just spoke to Schwab a few minutes ago about uninvested cash just sitting. I was told that it is swept into Schwab Bank and pays .45%. I would not mention this normally but right now I am concerned about all MONEY market accounts. My adult kid …
@Finder. Based on your research wouldn’t a Treasury only MM fund be at risk in a default? Perhaps greater risk than a Prime MM fund. And even the bond ETF AGG has 43% government securities. How would those be valued? Concerned? Nervous? Freaking o…
@StayCalm. With you all the way to the last sentence. You are giving GOP voters WAY too much credit. Those morons are still solidly supporting the former guy after everything that has happened. Most of them vote against their own economic inter…
Politico. Com has an interesting discussion of how POTUS views the timing of the 14th. Too soon would make it appear as though he is not negotiating in good faith. So much of this shitshow is theatrics.
@AndyJ. The choices facing the President are excruciating … The bad guys can either agree to a deal or not but POTUS has another alternative which may start constitutional crisis. To my thinking the 14th may be the best of the lot. Meanwhile, to …
@AndyJ. Timing the 14th will be tricky. Better sooner to avoid actual default but as Yellen says invoking the 14th would create its own issues. So the President is wishing and hoping for a miracle. It’s always tough to get timing perfect. One c…
@AndyJ. +100. So many of the so called experts think it won’t happen because it would be so catastrophic. The problem is that kind of thinking is RATIONAL. It will take plenty of repuglicans to make a deal and it’s very unlikely you can find very…
@YBB…. As a long time Schwab customer I follow all things Chuck closer than others. My perception is that all my investments are safe but my Schwab Bank checking might pull a FRB or SVB and become something else. My question is whether a Schwab Pri…
@stayCalm. Well stated. For democracy to function the country needs people of good will and competency. The house majority lacks enough of both to be counted on to do the right thing. Plenty of experts think default won’t happen because it would…
I think we need to remember that Liberals have taken the worst of corporate capitalism and moderated its worst and greediest impulses. If it weren’t for Liberals there would have been a revolution in this country long ago. Of course the morons of t…
@staycalm. “Itching for a showdown.” “Just because.” You nailed the bigger issue here. When the history of this cluster fuck is written 40 years from now it might indeed be bigger than the obvious. It might be that the no nothing caucus had …
