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.
cantillion effect ensures some fool will point to odd items where price has dipped. the latest from MAGA seems to be trump was joking about lowering the absolute level of prices, and outsiders didnt get it.
insight request.
prcfx is small and new-ish, but has hundreds of debt,equity positions of only ~$1m in value.
how is this efficient\practical, unless some automated quant action in place ?
noted global economist joeri s. @ makes a strong case that resultant policy changes due to trump tariffs can be a big net positive for ALL top 5 trading partners.
~6 months in much too early for lagging indicators, but the most reliable signal show…
bank loans have much improved reward:risk
private credit has taken most of the garbage loans, and most outfits have no skill to run\improve defaulted businesses.
still, initial correlation of 1 in a economic bust.
when was the last president screaming to destroy fed independence because the chair was not RAISING rates fast enough?
now throw in decades of humiliation for being unable to pay back business loans due to failure in complying with CONTRACTUALLY AG…
the heineken example is one of a subsector in which , if there are any profits to made, this is the type of company built\aligned to gain them. it appears heineken is the only top 10 holding he has not trimmed in 2025.
also based on russo's public…
[indirectly] the largest source of revenue for the local channel oligopoly is political campaign commercials, which were obtained by giving many (usually wealthy) donors federal tax breaks.
in fact, this oligopoly has standardized a rather unique ty…
although rumors greatly excite the q-anon types embedded deeply in the gop, skepticism is warranted if/when facts are revealed.
it is certain MAGA loses interest when facts emerge, and there will be no shortage of rightwing media, congressmen, and …
colbert is far funnier than maher and a few others. but i admit after decades of effort, i dont get rightwing humor.
trump had the religionists guffawing with his bombing a nursing home shtick :
https://www.mediaite.com/media/news/trump-draws-big-…
if there is any global sports organization whose culture fit's trump, it is FIFA.
(bribes of course, not the rolling on the grass clutching his shins)
would be very interested in how well the american tourist economy for foreigner visitors fares ag…
larryB,
reading Maggiulli , it immediately struck this is the perma-grievance group that needed trump to recover their lost wealth sentiment.
no one gives a crap that they are too thick to construct a fun vacation w/out facegramming every minute.
pbs (july 2025) interviewed an idaho farmer pleading to exempt his undocumented workers as raids affecting his farm economics. claimed these workers as "friends" he and his children had attended school with, but had no comment on the absolute brut…
will inform them regarding your concern. already powering half of all nuclear in america.
"About half of the U.S. nuclear fleet (approximately 60 operating plants) uses technology originally developed or licensed by Westinghouse, including both d…
other than hoping to best pick a representative fund, are there any tricks to getting better flow information at the sector and asset level ? (e.g, global chemicals, gold, ....)
the 'problem' with nuclear energy is not technology, as it should out-rate any current competitor based on power/cost/risk/footprint. in democracies, the problem is politics, and in authoritarian nations, the problem is safety\oversight.
i.e., lik…
this surplus and inflation is well within noise. the latter has nothing to do with trump\gop. that has yet to come as a trailing indicator. real inflation under biden was due to supply shocks as any simpleton could grok.
what is tump\gop are r…
when orange jenius suspects he MAY be getting played after more than a decade of such, putin is just 1 nobel prize nomination away from it being forgotten.
why the delay after 'peace on day 1'?
there is zero chance trump can or will execute an alli…
no problem here w/cloudflare or nextdns.
but my very famous ISP gets flagged for hosting bots by some websites...such as always at barron's. a few of these dont reach or clear the captcha\interaction test.
yes, most articles conclude that unless you anticipate a peak taxable income year and\or cannot pay taxes from a non-retirement source, any conversion to roth that does not bump up your conversion year marginal bracket is always a good idea.
(on…
update regarding charter schools in muni bonds , above in thread :
bloomberg 2025 july:
"Municipal bonds sold by colleges and charter schools became distressed at record levels in 2024, as the amount of defaulted state and local government debt hit…
from someone who lived in middle canada for a few winters :
the typical college-educated canadian is well capable of understanding MAGA is more than willing to flipflop on energy tariffs for any ridiculous reason (grams of fentanyl !)
it appears s…
how thick can MAGA be?
has no idea who i was referring to regarding on\off\on tariff time wasting.
at least trump is always on the receiving end when dealing with putin.
bribes are the only reason for 1-on-1 tariff 'negotiations' when dozens-hund…
its unlike mark carney to waste other people's time with on\off\on.... tariff and trade nonsense.
since canada is not looking for bribes, maybe it was on the off-chance someone in the gop would grok that services are part of the trade balance. m…
still along the same lines, but at least this is cheaper than the taxpayer paid immigration ads ...still the highest rated MAGA entertainment from what gop polls show.
this SS email was so critically important, it was the first i (currently am non…
this funding will massively transform ICE into trump's secret police.
ready and willing to violate any law or human rights in the pretense of suspect support of suspected immigrants with suspect passports.
que MAGA applause regardless of how blatan…
what ethos? what cognition?
i asked how he directly made a profit off a $500b taxpayer airstrike.
reply was irrelevant rightwing propaganda.
coming soon : how MAGA hates spending and deficits except this time it will make them rich.
lets test a claim :
american taxpayers coughed up over $500m just for the single day iran raid.
what was your direct IRR?
mine was negative, as am certain for all of us here.
seems canada just realized if not hauling in a bribe, they can be doing actual work rather than engage trump\gop on trade. maybe they will someday have more time for production-free meetings with unreliable promises.
authoritarian BFFs, please shi…
for those in risk off/wealth preservation mode, mkt indicators seem peaking.
thus, am trimming gains+losses in equity where i can, limits are getting bids.
found an unusual amount of agreement from various macro sources. (stonex, zeihan, jpm, poska…
several macro reviewers have stated that roughly 50% of retail traders do not believe trump will escalate beyond an average baseline 10% tariffs, except for china.
i.e., taco hurt his feelings and this time will be different.
so half-taco or delaye…
again, not sure assoc.managers -> co-managers means much for those not being promoted.
but it does mean that giroux is the only common link between prwcx and prfcx.
maybe shuggi also.
how can these MAGA sleazeballs think they can walk into property where a private group pays many millions to rent?
the dodgers leases could make them liable for injury , damage, and dozens of other criminal actions by ice.
as for renting space from…
