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.
@msf- Thanks for your expansion of this discussion. You're absolutely correct- it really isn't a one-size-fits-all simple problem. But it seems to me that the US needs to intensively examine what critical resources we are presently importing from po…
"Trying to make constant adjustments to short term events can negatively impact..."
Another common corollary offshoot: "If it works, don't f___ with it."
I'm not certain that airlines tariffs are primarily responsive to core inflation. The airlines all use sophisticated pricing algorithms which calculate, among other factors, what type of aircraft are available for any given flight, crew availability…
There's no way that I'm going to voluntarily give Google any more personal information than they already have. Sign-In / Create Account / Give us your email... No thanks.
Under the general heading of "There's no such thing as Free Lunch" -
For those of a younger generation, that's a saying from a long-ago time when saloons offered what was advertised as a "free lunch". Of course the saloons hoped to make up for that…
David and Chip, you've given all of us a gift that really keeps on giving. Thanks so much to both of you for this place, where we almost have a second family, and sometimes certainly act like it. Have a wonderful Christmas and a great New Year!
Dan…
From my lifetime of work experience I'd have to guess that the person assigned to audit Trump would not be the most competent or the most popular agent in the department.
And here's excerpts from yet another article from the San Francisco Chronicle. More bad news for Tesla...
New California law effectively bans Tesla from advertising its cars as ‘Full Self-Driving’
A Tesla with “Full Self-Driving” software was rep…
There's a really good chart on this in today's WSJ, but not in the online version, so I can't "borrow" it to show it here. If I remember correctly, the life expectancy for a US male is now down to 73 years. So enjoy your retirement- all eight years …
@Sven- What a great question. I hadn't really considered that until you mentioned it. Now that we have vehicles with a "mind" of their own, exactly who is responsible when a vehicle actually causes an accident?
The article below mentions that this …
Here's excerpts from a current article from the San Francisco Chronicle. It seems to be more bad news for Tesla.
An 8-vehicle crash on the Bay Bridge last month that left several people injured may have been triggered by a Tesla’s “full self-driving…
And now this, from a current report in the San Francisco Chronicle:
Layoffs keep coming with Tesla reportedly cutting jobs next quarter
Electric car maker Tesla will reportedly freeze hiring and go through a fresh round of layoffs as job cuts at ma…
Matt Levine, Part 2:
If you are delinquent on a car loan to Wells Fargo, eventually some system at Wells Fargo decides to repossess your car. There is some delay between when this system sets the repossession in motion and when someone actually ta…
Following is the complete text from a current newsletter by Matt Levine, who writes the "Money Stuff" column for Bloomberg. The newsletter is free, so there should be no issue with it's reproduction here.
If you would kike to subscribe to this free…
"Biden is doing well lately. He hasn’t called Harris the President this week."
Wow... that's sure right up there with seditious conspiracy to foment an armed riot and overthrow the election.
Consequences of Trump and his administration's blunders will be felt for years in this country. A lifetime grifter who should be on the golf course. It's embarrassing to see him read the teleprompter.
How this country fell for the defund the IRS, f…
@LarryB- Sir, I've done my best to lay out my view of responsible posting on MFO. I've tried to acquaint you with the reasons behind and history of the MFO platform. If you have other perspectives and preferences, that's pretty much up to you.
@larryB- Larry, if you've been monitoring MFO for any length of time you are fully aware that my personal feelings on all of this are very much the same as yours.
However, MFO is primarily dedicated to financial and investment discussions, and you …
A good question, and not all that easy to answer. If we consider the general effects of political instability without getting into the detailed specifics of personal actions which have generated or contributed to the instability, then the discussion…
Interesting. I wonder who that person "behind the curtain calling the shots" might be. For a "senile person" Mr Biden seems to be doing pretty well lately... certainly a lot better than the former occupant of the White House. Although I must agree t…
@PRESSmUP- Timkin Roller Bearings! Wow, haven't heard that name in many years. When I was in grammar school they advertised in The Saturday Evening Post, with very informative descriptions of what they made, why their tapered roller bearings were su…
Yes, I think that Krugman is probably right on. The folks at the Fed aren't morons either- I'm pretty sure that between all of them they won't do anything totally stupid.
@Sven- Personally I think that 5.5% is too high for the long term. I'd like to see a number around 3.5 or 4%. On Schwab there are a large number of CDs which were originally in the 4.8 to 4.95 range, but which are now being offered at more than 100,…
"It is a good chance that US is entering a recession"
Of course the SF Bay Area is more exposed to technological layoffs than most other areas, but I'm also seeing lots of layoff commentary on non-tech business such as DHL logistics, for example. S…
@Sven- Best YTM at Schwab now down to 4.7 on non-callable. I'm surprised- with the negative market reaction to the Fed's announced "continuing effort" I was expecting the rates on income instruments to remain closer to 5%.
