FInance
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The Phony Collapse
Naturally,, of course, you’ve heard about the stock market crash that happened the other day. It’s totally bogus. It’s bogus in that it was artificially created by the whales and their chums in the media. The wealthy elite who control the money in this country more often than not went to the same schools as…
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The Future of Interest Rates
So what do I think will happen with interest rates? I think interest rates will go up. Currently they are about 5% I think they will go up to 10%. by next year at this time. Can I point to any fancy statistics that will support this? No. My gut feeling is based upon the…
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FTX AND Titanic
Why did FTX collapse? Arrogance. Forget about wash trades. Forget about creating token value out of thin air. Those are the operational reasons. The reason FTX collapsed is because it’s leaders, Sam Bankman-Fried and Carolyn Ellison were young punks from the new Ivy League, who felt that the rules of humanity did not apply to…
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Canceling Student Debt
The recent proposal to alleviate student debt up to $20,000 per student is a good deal for students and for the United States of America. It was a long time coming. Conservatives, and I am one of them, shouldn’t oppose this deal simply to oppose it. That’s what people like Sean Hannity want you to…
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Robinhood and the New Reality
When Charles Munger isn’t busy bashing Bitcoin, he’s bashing other new methodologies such as Robinhood. He Is delighted that the share price of Robinhood is crashing. Clearly Charles Munger doesn’t like Robinhood. Why? Is it because the members of Robinhood can communicate in order to put the kibosh on a scam that they see developing…
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My Retirement Plan
What is your retirement plan? Are you a 401(k) person? I will tell you right now that I’m a lousy planner. When I was young I put money in a simplified employee pension plan, but then took it out. Twice. Why did I take it out? Because I had needs. I paid a penalty on…
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The Harlequin in the Corner
The latest laugher on Bitcoin comes from the Bank of England. I’m going to print two excerpts first, then comment. “The market capitalisation of crypto assets has grown tenfold since early 2020 to about $2.6tn, representing about 1% of global financial assets. About 0.1% of UK households’ wealth is in Bitcoin and similar crypto assets,…
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Evergrande
Do you follow finance? Are you paying attention to what is happening to Evergrande? Evergrande is a massive Chinese company that got its start in real estate. Evergrande is failing. Evergrande is the Enron of China. One only has to read this article in Wikipedia to understand why Evergrande is failing. It’s not rocket science.…
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Bonds
Stay out of the bond market. Quite frankly, I never understood the bond market. I mean I do, but I don’t. I get confused because of the inverse relationship between the yield of the bond and how much you pay for it. I’m a straightforward guy. I don’t like thinking in terms of inverses. And…
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Set It and Forget It
When you invest in a company, invest no more than you can afford to lose while adopting the set it and forget it theory. Don’t be a day trader in that stock or company. Day trading is pure misery, and you won’t win anyway. You’ll never beat the high frequency traders. You’ll never beat the…
Cowboy Archer 