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.
"I hope I have misinterpreted what your comment means."
@Dutch- No sir, you haven't misinterpreted anything... he is what he is. Making money rules all. Not uncommon, actually.
'The notion that these companies will do what's best for society, consumers, labor and the environment, if they're unregulated is absurd to me."
Not just to you, sir... not just to you. Not by a long shot.
"When Volcker left office in August 1987, inflation was still running at 4%, far from zero, but far below the 13% of 1979 when he had arrived as Fed Chairman. Real GDP growth was strong; fed funds were 6.6%."
Link: American Institute for Economic R…
" In 1970 I walked away with a new Plymouth Fury for $2800."
@hank- last of the big spenders! In 1970 we bought our very first new car- a Plymouth Valiant, for an even $2000. It was blue.
I also agree that if the Fed were to make a straight dash for 2% the economy would really tank. I'm hoping that they will talk 2% but actually settle for maybe 3 or 3.5% and declare victory. The bright side of that for the Fed is that it stores up …
The only guy on that list that I wouldn't suspect of perjury is Governor Kemp. As far as I'm aware the Republican administration of Georgia played it reasonably straight all the way.
We all "profit" from the current "anything goes" operations because the profits of all of the various companies involved (from beginning to end on these materials) eventually trickle their way into the general economy and thus to the stock market an…
Yes, now that you mention the Japanese "fire balloons" I remember reading about that. I was thinking maybe North Korea, but I wouldn't put it past Iran, Russia or China either. This whole thing is getting very interesting.
@Sven- I've run a "fleet" of four older Mac Minis for many years now. Firefox browser and DuckDuckGo for search engine. No Google. No Microsoft. No hacks at all. But I'm very careful where I go and what I look at. (Being 83 years old helps a lot wit…
"North Korea and Iran"
@Sven... exactly what I'm thinking also. Cheap and dirty. Also, have you noticed the reluctance of some government/military officials to call the recent smaller ones "balloons"? Now they are "objects". What the hell is that a…
Interesting that no news coverage that I've seen goes into any detail about the latest incident, over Lake Huron.
So... this thing just suddenly materialized out of thin air? How did it get there? Which direction did it come from? Did it get there …
I wouldn't be at all surprised if both Russia and China were jerking our defense chains just for the hell of it, and also maybe hoping to pick up a little info on our responses and defenses.
"Anyone else here kind of fed up with all the gambling bullshit commercials"
No- we solved all of this crap by never watching anything other than PBS, and streaming some stuff from Amazon Prime. The "Bosch" series was pretty good, and no commercia…
In reading the above comments, I was struck by the suggestion that the "Sidewinder" missile which was used to bring down the object(s) is a "heat-seeking missile". Wondering what the source of heat might be on what were presumably balloons of some t…
Here's a bit more on the situation, again from The Washington Post:
Officials have used a particular car — a Volkswagen Beetle — to describe the rough size of the objects shot down Friday in Alaska and Saturday in Canada. But while they are similar …
Hey there @hank- yeah, me too, for sure. All of this is getting really interesting. I just checked a bunch of news sources, but no further details on Alaska & Canada.
From The Washington Post:
Updated February 11, 2023 at 5:51 p.m. EST
A new “high-altitude airborne object” has been spotted and shot down over Canada’s Yukon territory, Canadian Prime Minister Justin Trudeau said Saturday evening, as U.S. personnel…
"Had no idea they were still in service."
Same here. According to Wickipedia they are very much still active, and in fact at least some were upgraded in 2012.
You would need to get pretty close to use guns: the service ceiling of many of our fighters is "only" 50,000 feet, and the balloon was at 60,000 ft.
In any case no matter how "gently" something the equivalent of "three large buses" lands on your ro…
"The R’s bitching about the balloon don’t know piddly s*it about its capabilities, our own security actions taken in regard to it or, very likely, the top secret installations it passed over." aka: The world runs on...
Hey @hank, easy there... wasn't commenting on you- just how easy it is to find any kind of BS to "explain" anything that you care to mention. Surely we learned that from seeing the reaction to the Covid pandemic (from the President on down), and of …
If the Chinese have nothing better to do than eavesdrop on "cell phone traffic" then good luck to them. And exactly what useful technical information can be obtained by looking at a local US radar beam? Radar technology is hardly a secret.
How hard…
I can't help but wonder what "information" it supposedly acquired that was so important that their satellite systems couldn't see. Also, why would they deliberately choose to torpedo the visit from Anthony Blinken? If they didn't want his visit it s…
"Do you look at the posts by category? "
Absolutely. I keep two permanent tabs on my browser...
https://www.mutualfundobserver.com/discuss/discussions/discussionsplus
https://www.mutualfundobserver.com/discuss/categories/off-topic
... and select…
Why, exactly, is the "Other Investing" section of MFO being misused for a conversation which has absolutely nothing to do with investing?
The Off-Topic section is specifically designated for conversations such as this. If we are not going to honor…
My wife, having read about that, has informed me that she is not pleased with my overall performance last year either, and has also reduced my allowance to $25 million.
Hard times!
@StayCalm said- "Nothing is off limits for the current band of crazies in the House."
Looks like Mitch McConnel agrees with StayCalm: "I can't imagine any debt ceiling provision passed out of the Senate with 60 votes could actually pass this partic…
"There seems to be very few places for moderates and independents to have a discussion without getting yelled at."
Yes, and MFO is one of them, thanks to Dr. Snowball.
