Fed Funds are not the only source of ‘liquidity’ to float asset prices upward. And as we suggested yesterday, when the markets bubble up, they give off a vapor that causes even more giddy behavior.
Is there a more accurate way to ensure an economy than GDP? In my little book our GDP numbers are completely bogus. Compare the US in 1970 to 2024: in 1970 Health Care was around 5% of GDP, 2024 it's near 20%. The same goes for Finance - 1970 around 5%, 2024 around 20%. Does anyone really believe that this large increase in health care and finance is a sign of prosperity? Looks more like a hollowed out economy that heading towards third world status.
GDP numbers are, indeed, bogus. How do I know? I know, because "they" include government transfer payments in the figures. Government produces nothing, so it has no part in GDP. Where are in we terms of debt to GDP ratio, if we suddenly get "religion" and realize government transfer payments aren't part of GDP? We're 40% to the worse on "production" side, and 40% bigger on the "debt" side. Yoikes! It's all a big lie. Best always. PM
"But the more resources consumed by government, the less real wealth—valuable goods and services – are available for everyone else." Government's crowding out effect is paramount to understanding America's, and for that matter the Western World's plight. Ask yourself this question, if the U.S. Government had prudently managed its finances (i.e. performed the Fiduciary Role on behalf of its citizens) would the Middle Class still be on the endangered list? I think most of us here know the answer. The Statists among us have enabled the miscreants masquerading as politicians to steal our way of life with impunity. They may belong to different Tribes, but they all worship the same God; Government. Some want to assist Israel, some Ukraine, some Palestinians, but none can balance a checkbook. When nine out of ten people in your society are Statists, economic degeneracy will reign supreme. This has been the case the better part of my life and there's no end in sight. This is not a difficult problem to fix, but it becomes virtually impossible when 90% of your population are economic degenerates. So Bill, keep up the good fight and just maybe you'll exorcise a few of these Statists.
Yeah, and if next time we pay close attention to the typical public/civil servant persona - they're complexion and dead-inside stare. Then ask one if it was all worthwhile selling out America for fully paid covidcare a promise & guaranteed pension payments. Although I do applaud anyone who had a shred of empathy and either blew the whistle or simply got out and chose a moral path forward. Thank them for their service.
I love it. I have been buying UGL which is a leveraged gold ETF on dips and selling when it runs up. like now. I do also own a lot of Sprott Physical Gold (PHYS), I don't trust Streettracks Gold (GLD). Hear different things about GLD but have heard they don't have physical possession of a lot of their gold.
Speculation...........is what you are doing from this viewpoint. If you're nimble you can make an awesome return. But as the Bonner Team reminds us - if it is not "IN" your possession - and if it is in something like GLD - it is not in your possession. As an ol' codger long in the tooth - one must know his limitations as Dirty Harry would mutter. Just a thought.......
I only use GLD to trade options. If you are positioned right ,a 1% move in gold can give you 30% or more in the options.If you don't catch it right your money is down the drain
You understand the game. Gold is insurance, it also is a commodity. Commodities need to be traded.That does not that your core over time can get larger
Economic Sanctions forfeited by the illusion of Hep Sagel Van Turnpike. Additional power engine required to solidify the burden of mountain billy goats. Fish hook the altitude of global prevalence to high jack another bird feed vessel AMA glorify the magnitude of occurrences.
Don’t bypass the local signal panel within the false treble of stock market glory. The secret of marble share is in plain sight. Oceanic forces split a high key drapery of snakes in the syngas of Manila. For the female strength of Atlantic has risen. Deborah “Deb” Kross-Bristol entails the story of Barbies Harvard Education that exemplifies the reality of specials. Keep understating the midnight oil James Toney, now you understand the question of the lost pinnacle. Mars has risen.
According to BPR, apparently it's time for: The "Bigger" Short. Or timing of the global financial implosion: sell-off. The TDS mob would be absolutely ecstatic to see DJT scapegoated "responsible" - for freezing out their overlords and ending DEI. Kinda like that tragic DC copter "accident" already. Sickening.
Bill on fire again. When he presents a variation of true-wealth building; or, what is not true-wealth building, but sold to a gullible public as such, he knocks it out of the park. And he didn't once shoehorn Pres. Trump or PM Netanyahu in for criticism here. Ha! Ha!
Because Bill bashes U.S. elites so often, I wonder what he thinks about some folks, in light of the recent air tragedy, calling for Ronald Reagan National Airport to be closed, and its air traffic moved to Dulles and other nearby airports to improve safety? I read several cynical comments on conservative news media article threads about the elites (i.e., Congress, Cabinet members, Corporate bigwigs, lobbyists, etc.) never allowing this because they would be a bit inconvenienced.
Is there a more accurate way to ensure an economy than GDP? In my little book our GDP numbers are completely bogus. Compare the US in 1970 to 2024: in 1970 Health Care was around 5% of GDP, 2024 it's near 20%. The same goes for Finance - 1970 around 5%, 2024 around 20%. Does anyone really believe that this large increase in health care and finance is a sign of prosperity? Looks more like a hollowed out economy that heading towards third world status.
GDP numbers are, indeed, bogus. How do I know? I know, because "they" include government transfer payments in the figures. Government produces nothing, so it has no part in GDP. Where are in we terms of debt to GDP ratio, if we suddenly get "religion" and realize government transfer payments aren't part of GDP? We're 40% to the worse on "production" side, and 40% bigger on the "debt" side. Yoikes! It's all a big lie. Best always. PM
Just a question. Do the gdp numbers include inflation?
We do know that they include government transfer payments. So, the GDP is 40% skewed right there. Best always. PM
Thanks . As usual the truth comes in.
"But the more resources consumed by government, the less real wealth—valuable goods and services – are available for everyone else." Government's crowding out effect is paramount to understanding America's, and for that matter the Western World's plight. Ask yourself this question, if the U.S. Government had prudently managed its finances (i.e. performed the Fiduciary Role on behalf of its citizens) would the Middle Class still be on the endangered list? I think most of us here know the answer. The Statists among us have enabled the miscreants masquerading as politicians to steal our way of life with impunity. They may belong to different Tribes, but they all worship the same God; Government. Some want to assist Israel, some Ukraine, some Palestinians, but none can balance a checkbook. When nine out of ten people in your society are Statists, economic degeneracy will reign supreme. This has been the case the better part of my life and there's no end in sight. This is not a difficult problem to fix, but it becomes virtually impossible when 90% of your population are economic degenerates. So Bill, keep up the good fight and just maybe you'll exorcise a few of these Statists.
Yeah, and if next time we pay close attention to the typical public/civil servant persona - they're complexion and dead-inside stare. Then ask one if it was all worthwhile selling out America for fully paid covidcare a promise & guaranteed pension payments. Although I do applaud anyone who had a shred of empathy and either blew the whistle or simply got out and chose a moral path forward. Thank them for their service.
Please comment on the rare earth metal miners you mentioned awhile back. I took a chance on some of them and they seem to be doing well/okay.
REEMF, TMRC, UURAF.
I love it. I have been buying UGL which is a leveraged gold ETF on dips and selling when it runs up. like now. I do also own a lot of Sprott Physical Gold (PHYS), I don't trust Streettracks Gold (GLD). Hear different things about GLD but have heard they don't have physical possession of a lot of their gold.
Speculation...........is what you are doing from this viewpoint. If you're nimble you can make an awesome return. But as the Bonner Team reminds us - if it is not "IN" your possession - and if it is in something like GLD - it is not in your possession. As an ol' codger long in the tooth - one must know his limitations as Dirty Harry would mutter. Just a thought.......
And as I understood it, even if they had the gold the fine print states something completely different. : )
I only use GLD to trade options. If you are positioned right ,a 1% move in gold can give you 30% or more in the options.If you don't catch it right your money is down the drain
You understand the game. Gold is insurance, it also is a commodity. Commodities need to be traded.That does not that your core over time can get larger
Economic Sanctions forfeited by the illusion of Hep Sagel Van Turnpike. Additional power engine required to solidify the burden of mountain billy goats. Fish hook the altitude of global prevalence to high jack another bird feed vessel AMA glorify the magnitude of occurrences.
Don’t bypass the local signal panel within the false treble of stock market glory. The secret of marble share is in plain sight. Oceanic forces split a high key drapery of snakes in the syngas of Manila. For the female strength of Atlantic has risen. Deborah “Deb” Kross-Bristol entails the story of Barbies Harvard Education that exemplifies the reality of specials. Keep understating the midnight oil James Toney, now you understand the question of the lost pinnacle. Mars has risen.
"Stocks have added nearly 50% in value since the bottom in September ‘22"
Should that not be price rather than value? As Buffet IMO correctly states ; "price is what you pay and value is what you get".
According to BPR, apparently it's time for: The "Bigger" Short. Or timing of the global financial implosion: sell-off. The TDS mob would be absolutely ecstatic to see DJT scapegoated "responsible" - for freezing out their overlords and ending DEI. Kinda like that tragic DC copter "accident" already. Sickening.
Congratulations - goldbugs'.
(Too soon?)🤔
Bill on fire again. When he presents a variation of true-wealth building; or, what is not true-wealth building, but sold to a gullible public as such, he knocks it out of the park. And he didn't once shoehorn Pres. Trump or PM Netanyahu in for criticism here. Ha! Ha!
Because Bill bashes U.S. elites so often, I wonder what he thinks about some folks, in light of the recent air tragedy, calling for Ronald Reagan National Airport to be closed, and its air traffic moved to Dulles and other nearby airports to improve safety? I read several cynical comments on conservative news media article threads about the elites (i.e., Congress, Cabinet members, Corporate bigwigs, lobbyists, etc.) never allowing this because they would be a bit inconvenienced.
Dow / Gold looks pretty, but didn't everyone following it miss out on two years of extraordinary performance by equities? Just sayin'...
Yes, but we have the consolation of two years of extraordinary performance by gold. I don't feel like I missed out on anything.