The Fed began manipulating stock prices about thirty years ago. Since then, each of the households in the top 1% has gained about $32 million in wealth. Down below, the wealth gain has been negligible
Windy-er than any of us could have imagined. And when the end of the road is in sight (it's getting very close), the crumbs in charge will change the can itself to stretch things out a bit longer, while simultaneously hijacking the very Road we're all on -
Recall one statement in David Webb 's introduction (y.k. Great Taking) where he's a meeting with György Shwartz (I think thats close) and the latter says to him:
You don't know what THEY can do.
Btw putting himself in a rather inferior position to THEM.
Sorry for replying late sometimes. Time lag is significant.
The Fed doesn't do what is right for the health of America but only to enrich the rich elites. Our kids and grandkids face a scary future. Not sure how long our country can keep up this ponzi scheme before it crashes down.
Collectively, we need to stop looking for a rescue. It's not happening. Nothing is going to change; reason is not suddenly going to prevail. This has been going on for 2 generations now. It's a way of life for them, and it's a way of life for us. We don't have the ability to change now, even if we had the will. Trends in motion tend to stay in motion, until acted upon by a greater, outside force. Best always. PM
Eliminating the Fed, as Bill effectively proposed, to let borrowers and lenders set rates will also result in the end of deliberately devaluing the currency by 2% annually. It will also result in a gigantic void in financial news about the consequences of a single administrative decision on the stock market
From the pov of us, as members of the 1% and as subscribers to a specific substack meant to protect/advance our own capital, do we care about the wealth gap? How much do we care? I just found the hint of “equitable equity” in this latest post interesting (Big fan of broader n earlier financial literacy myself, but more concerned with my own money, as an example)
Um, not sure how many BPR members also belong to the 1%. If you're in there - congratulations and more power to you. I'm a HUGE fan of Capitalism and the result it allows many to achieve.
As for me and mine, we are a ways away from that percentage and it hasn't been a goal of life for many years. Praise, Happiness and Balance are the goals now...
I thought you were in the one percent. Perhaps only intellectually so far.That said, to be in the 2% Is not all that lofty. As far as a goals ...Those who earn well, save well , invest well,and avoid too much stupidity will get there. If not certainly their children.
To my fellow BPR members, the provided link below, is concerning the recent presidential debate's agreed upon items for discussion criteria ... more importantly ... those items which, specifically could not be breached.
Pissing on our heads, while simultaneously telling us it's raining, will only go so far !!
Will the Harris-West Crime Family be the heir apparent to the Pedo 10% Joe's Bribem gang !?!?
I have heard this my whole life and I will be 70 this year, so one wonders why now. I think BPR et. al. have made an excellent case that a trend that started long ago in terms of gold has blinded us by low interest rates, easy credit, and higher and higher asset prices. That is why we feel like if we sold our house at today's higher prices we would be hard-pressed to do any better in the same local market.
Dan Denning did the report on Wednesday and Tom is doing his today. In Dan's email on Wednesday he wrote, "I’ve swapped publishing deadlines with Tom this week, by the way. You will hear from him on Friday with an updated Official List, more reader mail, and his latest analysis."
Heard one of the theories for large rate cut was that the fed is losing large $ due to bonds on their books. Similar to the smaller banks. Going to be another interesting year my friends .
So has sitting in cash for 20-30%+ of our position for the last few years meant we have essentially lost out and do we need to seriously re-evuluate this urgently?
Sitting in cash means that you already bought into the Maximum Safety Mode posture. Tom added a caveat to this by saying getting 5% on a T Bill means “the same as cash” so you could be doing a lot worse. For me, I never sit on any more than 10% cash. Put it to work, speculate or pay someone to speculate for you. Take some risk if you can handle it. Look, we are in a raging bull market. Who cares that it makes no sense or that this shouldn’t be happening. I will keep buying and selling Options until the bottom falls out. Of course I am not near retirement yet so my risk level has nothing to do with yours. So find what works for you and nobody else.
That is a great rearview mirror question that I have been asking
myself. I did pay off pretty much all real With very low interest rates. Had I not done that? I'd be substantially better off financially. Sleep and security have a great deal of value though. No regrets.. If current stock valuations, it might be time to buy some of that real estate even if it's overvalued. Still safer than way overvalued stocks.I'm guessing. Good luck keep thinking.
am i missing something? "We could see glittering new highs in the Dow. And it could turn out that the January 2022 peak was not actually the Everest of the Primary Trend... but just another peak in the Fed’s Himalayas. But for now, we’ll stick with our guess: Jan. 2022 marked a turning point. And the primary trend is down." Didn't the Dow peak on the 19th of september2024? I may have to adjust my medication?
I have to say that it's a pleasure to be associated with all of the commenters on Bonner Private Research. Many opinions; many personalities, all above the madding crowd that I experience in person. One of my regrets that none of my neighbors or friends seem able to turn off the media noise long enough to see deeper, longer.
I know several people at the $3.2 million level. They are nowhere near the 1%. $3.2 million sounds like a lot of money. It isn't. Routine car repairs now are in the plus-thousand range, and no one bats an eye. What it takes to replace an engine or transmission used to buy a whole car NEW. Best always. PM
Reminds me of an old Dean Martin song from his "country" phase:
"I ask the man behind the bar for the juke box,
And the music takes me back to Tennessee.
When they ask who's the fool in the corner, cryin',
I say, "Little ol' wine-drinker, me..."
I'm a Boomer, Class of '52...none of anything in our experience has prepared us for what I call "The Great Unravelling". When we got serious (80s-90s) about deficit spending as a policy in this country, I told people we were heading back the '30s, meaning "get ready for hard times" but figured we would recover. It didn't occur to me that we, the great USA, America, were going down for the count, but here we are.
Thanks for attempting to inject a little humor into this. As my son told me back in 2010: "Face it, Dad: The good times are never coming back." Best always. PM
The road the can might be kicked down is long and longer.... and winding too, it seems
Hi Petra,
Windy-er than any of us could have imagined. And when the end of the road is in sight (it's getting very close), the crumbs in charge will change the can itself to stretch things out a bit longer, while simultaneously hijacking the very Road we're all on -
hello CBDC's (Central Bank Digital Currency)...
Recall one statement in David Webb 's introduction (y.k. Great Taking) where he's a meeting with György Shwartz (I think thats close) and the latter says to him:
You don't know what THEY can do.
Btw putting himself in a rather inferior position to THEM.
Sorry for replying late sometimes. Time lag is significant.
Cheers
The Fed doesn't do what is right for the health of America but only to enrich the rich elites. Our kids and grandkids face a scary future. Not sure how long our country can keep up this ponzi scheme before it crashes down.
Some external force or action is going to have to pull this plug. We are incapable of doing it. Best always. PM
Collectively, we need to stop looking for a rescue. It's not happening. Nothing is going to change; reason is not suddenly going to prevail. This has been going on for 2 generations now. It's a way of life for them, and it's a way of life for us. We don't have the ability to change now, even if we had the will. Trends in motion tend to stay in motion, until acted upon by a greater, outside force. Best always. PM
Finance meets physics. For another one of those laws... Matter can neither be created nor destroyed. Just over or undervalued.
The wisdom of a science professor 👍
NB not many get into the devious arts of politics or the grubby world of $s and zero sense…
Eliminating the Fed, as Bill effectively proposed, to let borrowers and lenders set rates will also result in the end of deliberately devaluing the currency by 2% annually. It will also result in a gigantic void in financial news about the consequences of a single administrative decision on the stock market
Curious if the 1% cares? Do we care?
Hi Andrei -
Ya mean - do we care about if the 1% care or do ya mean do we care about the current shitshow overall?
I'ma have to be a hard "Meh" on both counts...
From the pov of us, as members of the 1% and as subscribers to a specific substack meant to protect/advance our own capital, do we care about the wealth gap? How much do we care? I just found the hint of “equitable equity” in this latest post interesting (Big fan of broader n earlier financial literacy myself, but more concerned with my own money, as an example)
Um, not sure how many BPR members also belong to the 1%. If you're in there - congratulations and more power to you. I'm a HUGE fan of Capitalism and the result it allows many to achieve.
As for me and mine, we are a ways away from that percentage and it hasn't been a goal of life for many years. Praise, Happiness and Balance are the goals now...
Globally speaking, we’re very much all doing ok. Blessings to ya
I thought you were in the one percent. Perhaps only intellectually so far.That said, to be in the 2% Is not all that lofty. As far as a goals ...Those who earn well, save well , invest well,and avoid too much stupidity will get there. If not certainly their children.
The proles didn't pay attention to BB. They just lived on.
To my fellow BPR members, the provided link below, is concerning the recent presidential debate's agreed upon items for discussion criteria ... more importantly ... those items which, specifically could not be breached.
Pissing on our heads, while simultaneously telling us it's raining, will only go so far !!
Will the Harris-West Crime Family be the heir apparent to the Pedo 10% Joe's Bribem gang !?!?
https://www.zerohedge.com/political/who-kamala-harris-brother-law-tony-west
I have heard this my whole life and I will be 70 this year, so one wonders why now. I think BPR et. al. have made an excellent case that a trend that started long ago in terms of gold has blinded us by low interest rates, easy credit, and higher and higher asset prices. That is why we feel like if we sold our house at today's higher prices we would be hard-pressed to do any better in the same local market.
Did Tom do his weekly report this week?
Dan Denning did the report on Wednesday and Tom is doing his today. In Dan's email on Wednesday he wrote, "I’ve swapped publishing deadlines with Tom this week, by the way. You will hear from him on Friday with an updated Official List, more reader mail, and his latest analysis."
The story never changes, and it never ends. And there is no way voting will change it. So why tell it? But don't forget to vote!!
Heard one of the theories for large rate cut was that the fed is losing large $ due to bonds on their books. Similar to the smaller banks. Going to be another interesting year my friends .
So has sitting in cash for 20-30%+ of our position for the last few years meant we have essentially lost out and do we need to seriously re-evuluate this urgently?
Sitting in cash means that you already bought into the Maximum Safety Mode posture. Tom added a caveat to this by saying getting 5% on a T Bill means “the same as cash” so you could be doing a lot worse. For me, I never sit on any more than 10% cash. Put it to work, speculate or pay someone to speculate for you. Take some risk if you can handle it. Look, we are in a raging bull market. Who cares that it makes no sense or that this shouldn’t be happening. I will keep buying and selling Options until the bottom falls out. Of course I am not near retirement yet so my risk level has nothing to do with yours. So find what works for you and nobody else.
That is a great rearview mirror question that I have been asking
myself. I did pay off pretty much all real With very low interest rates. Had I not done that? I'd be substantially better off financially. Sleep and security have a great deal of value though. No regrets.. If current stock valuations, it might be time to buy some of that real estate even if it's overvalued. Still safer than way overvalued stocks.I'm guessing. Good luck keep thinking.
Absolute game-changer: not letting the Fed print money to lend to the Federal government.
am i missing something? "We could see glittering new highs in the Dow. And it could turn out that the January 2022 peak was not actually the Everest of the Primary Trend... but just another peak in the Fed’s Himalayas. But for now, we’ll stick with our guess: Jan. 2022 marked a turning point. And the primary trend is down." Didn't the Dow peak on the 19th of september2024? I may have to adjust my medication?
I have to say that it's a pleasure to be associated with all of the commenters on Bonner Private Research. Many opinions; many personalities, all above the madding crowd that I experience in person. One of my regrets that none of my neighbors or friends seem able to turn off the media noise long enough to see deeper, longer.
can't be 32 million?maybe3.2 million
I know several people at the $3.2 million level. They are nowhere near the 1%. $3.2 million sounds like a lot of money. It isn't. Routine car repairs now are in the plus-thousand range, and no one bats an eye. What it takes to replace an engine or transmission used to buy a whole car NEW. Best always. PM
Let’s put some reality to it…
$3.2 million is only about 40,000 bottles of Bonner’s imported Malbec.
How long can a man live past a few years these days, with such a small supply?
Reminds me of an old Dean Martin song from his "country" phase:
"I ask the man behind the bar for the juke box,
And the music takes me back to Tennessee.
When they ask who's the fool in the corner, cryin',
I say, "Little ol' wine-drinker, me..."
I'm a Boomer, Class of '52...none of anything in our experience has prepared us for what I call "The Great Unravelling". When we got serious (80s-90s) about deficit spending as a policy in this country, I told people we were heading back the '30s, meaning "get ready for hard times" but figured we would recover. It didn't occur to me that we, the great USA, America, were going down for the count, but here we are.
Thanks for attempting to inject a little humor into this. As my son told me back in 2010: "Face it, Dad: The good times are never coming back." Best always. PM
Class of ‘48 … different vintage.
Told my Dad in 1998 before he passed and as WW2 RNVR Lieut. “We must just keep on fighting the buggers”
… or 400,000 at $32 million, one can hang on a bit longer.
Glad to meet ya.
Always amazing to find out who's in the "same" boat, isn't it? Best always. PM
Hi Henry -
I've seen the stat elsewhere also estimated at $32 million, per household of the 1%...