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.
This entire unfortunate situation makes me wonder- with the world's largest military budget, we didn't have a decent reserve of regular ammunition or the ability to quickly ramp up production? What if we had needed it for a war of our own, rather th…
@dtconroe- Hey, thanks much for your follow-up. I'll be watching closely to see if the Fed does in fact raise rates again soon... if they do, that might up the rates a bit.
OJ
@Mark- Thanks much for those two links. To my surprise, the Chamber of Commerce link seems accurate and non-judgemental, citing good reasons such as lack of available child care for a significant amount of the non-employment.
As usual, Baseball_Fan…
Oh yes- this used to be on our local NPR station, and it was excellent. My hearing degradation prevents listening, but I just subscribed to their newsletter.
Thanks much, David.
OJ
Absolutely. Lots of stuff to choose from- whatever works best for you. At 84, with wife not into financial stuff, I'm keeping it simple. Just trying to maintain a little income to offset inflation (at least partially). About half in CDs/Treasuries, …
My wife mentioned to me earlier this morning that she was surprised that no one was killed at the annual Gay Pride parade a couple of weeks ago. This is what we have been brought to by the crazies, abetted by the gun lobbies.
From The Guardian:
Fourth of July overshadowed by 16 mass shootings across US-
Fifteen people killed and 94 injured across 13 states as well as Washington DC
And as a nation we should be proud of this ???
WABAC: "Looking forward to getting money out of short-term CD's. I tried it. Didn't like it. Will stick to money markets and floating rate T-Bills."
Stillers: "Um, yeah, that's the "given."
• Um, yeah, what's "the given?"
Stillers: Only invest …
I'm uncertain as to how to read WABAC's post. Stillers, if I interpret him correctly, seems to have understood it as WABAC having sold, or tried to sell, short term CDs before maturity.
I read WABAC as saying that he has tried holding short-term CD…
"Current policies have resulted in a remarkable drop in the money supply."
Well, at least that's a good sign. Hopefully things can be stabilized without significant job loss.
Signed:
Old Geezer
Again, I accept Krugman's reading of the overall economy. From the Krugman report that you reference: "it’s probably worth noting that private surveys confirm official reports of rapidly declining inflation as well"
I have no problem believing that…
For the record, I'm with Krugman, and have little regard for Summers, with respect to the general economic overview. Summers is a complete jerk, and always has been.
My aggravation is with the fact that the inflation numbers presented to us as refl…
"No matter what the retirees who are the majority of posters here think, economic well being in the U.S. is not just about the inflation rate."
@LewisBraham- Hey there Lewis... I'm not sure that anyone here has suggested that economic well being in…
Yeah, but none of that stuff is counted in "core" inflation. It's too "volatile", because it's gone up too much. "Core" inflation mainly counts stuff like apple cores, and they haven't hardly gone up at all (unless you buy the entire apple).
@davidmoran- Yes sir, there certainly is "lots of writing on why this is", and indeed I've read much of it, including Krugman on a regular basis.
That doesn't help at all at the grocery store or gas station.
FWIW I bought some batteries via Amazon…
@Crash- The only problem with your suggestion is that in most cases it's not economically affordable to convert office space to affordable housing units. Or, usually, even unaffordable housing units. No quick fixes available sir.
Well hell, with all those economists I'm sure that we're in good hands. I wonder how many of them do their own shopping at the grocery store?
Surely with some 3000 employees some of them must be custodians, maintenance folks, cafeteria workers, and…
"Russia is a gang-ocracy, through and through. Violence, extortion, graft, tribute, blackmail, murder, EVERYWHERE, right down to the local Alderman."
Sounds positively Trumpian.
DIVO holds these 24 stocks:
MICROSOFT CORP
VISA INC
JOHNSON & JOHNSON
PROCTER AND GAMBLE CO
UNITEDHEALTH GROUP INC
MCDONALDS CORP
CHEVRON CORP NEW
MERCK & CO INC
JPMORGAN CHASE & CO.
GOLDMAN SACHS GROUP INC
APPLE INC
UNITED PARCEL SERVI…
Good questions, for sure. Unfortunately, well above my pay grade.
Maybe all of the wonderful new AI needs all of our personal info. Maybe someday it might tell us why, and what it does with it. Maybe Zuckerberg will stop jerking us around. Same for…
