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'm wondering if the employment/unemployment picture is becoming fragmented. There are many reports of large layoffs in businesses and financial operations which are large-scale operations. But, as Crash mentions, not so much in smaller local busine…
Update to previous article in The Guardian:
A US judge reviewing records seized from Donald Trump’s Florida home asked the former president’s lawyers on Thursday to provide any evidence casting doubt on the integrity of the documents. Trump has prev…
@AndyJ- What a good question. While I doubt that Trump himself has any real idea of the judicial backgrounds of most prominent jurists, surely at least some of his attorneys should.
It was very interesting to my wife and me that Trump's "preferred"…
Special master demands proof of tampering from Trump's lawyers in Mar-a-Lago case
This short article from The Guardian:
The special master appointed to filter out privileged materials from the documents taken by the government from Mar-a-Lago has a…
@Crash- Yesterday I noted for you that-
... more interestingly, he [Judge Dearie] directed Trump to specify exactly which documents he has allegedly declassified. He's not buying the proposition that Trump just waved his hands over a bunch of cardbo…
Another setback for Trump-
“For our part, we cannot discern why [Trump] would have an individual interest in or need for any of the one-hundred documents with classification markings,”
The following excerpts from The Washington Post article have b…
"So I think customer service quality at Vanguard may depend on who you happen to get."
That's pretty well true with most anyplace in the world, I've found.
I ran into a brick wall trying to set up a Treasury Direct account. They evidently use some outside service provider to do a quick and dirty check on the information that you provide, and if there's any "flags" Treasury basically says that they don'…
I've got a pretty decent ladder going on CDs, both direct and brokered. Keeping maturities down to about 6 mths, as it sure looks like the rates are going to keep going up for a while.
More on this, just in from NPR-
WASHINGTON — The independent arbiter tasked with inspecting documents seized in an FBI search of former President Donald Trump's Florida home said Tuesday he intends to push briskly though the review process and appea…
@Crash- Well, of course he would report to her. But perhaps you haven't realized that Judge Dearie has already started to make life difficult for Trump: first, he's set a no-nonsense timetable which defeats Trump's efforts to delay and procrastinate…
"The USA is unfortunately on a huge downward spiral and all government entities and parties are to blame."
Yes, that pretty well sums up the situation. The US is on track to becoming a third-world entity. Decaying infrastructure that requires non-e…
Two of a kind. Very selective in picking and choosing their facts. Any that don't fit nicely into their belief system are "false facts", obviously generated by un-American left-wing commies. I wonder who they think won the last presidential election?
"Heard on the news today that 30 year fixed mortgages are now over 6%, Not that long ago they were 3-4%. That has to hit the housing market like a sledge hammer."
@hank- At this point in time, I agree with you regarding the damage to the housing ma…
The article informs that the Siemens plant is to be powered by a local dedicated wind generating installation. That's excellent.
It goes on to describe additional electrolyser plants operated or planned by Shell. However, and this is important- no …
"SCHW is only off 14% YTD if my CNBC app is to be believed. "
@hank- Yes, I'm using the WSJ for the charting, and ran it again- now it also says about 14%. Maybe I did something stupid, because the new graph looks much different than the last one. …
@hank- Absolutely not... I thought that I was very clear on that: just hold them until this whole thing turns around. There's nothing intrinsically "wrong" with either of them.
"TROW is off 43% YTD. That’s about 3X what the Dow has lost (15%). More than double the decline in the S&P (18%) and down substantially more than the NASDAQ (26%)."
Take a look at Schwab. Makes TROW look not so bad. I really doubt that in the l…
If it's any consolation, the YTD charts of TROW (financial) and ASML (technology), two completely different categories, are virtually identical when superimposed. This suggests to me that both are merely reflecting the general market deterioration, …
Boebert is perhaps best known for her gun-rights advocacy and said this summer that Jesus had been killed by Romans because he didn’t have enough assault rifles “to keep his government from killing him.”
Dingbats, maybe. Extremely dangerous fanatics…
"I think feeding hungry people who don't have enough to eat is more important that whether I pay a little more for something"
Well, I'm sure that many on this board would agree with that thought, but certainly not all. And, without getting into a p…
I'll also agree with Lewis and Baseball Fan- this situation isn't going to improve for quite a while.It's a little unfair to suggest that the Fed "doesn't care at all about labor and cares only about inflation". Those guys aren't fat capitalist ogre…