And if you are paying attention(many are not) you have to conclude that elections are a historic relic in America. They have never been “honest”, now they are gone. The long march through the institutions is complete, meaning the pendulum no longer swings. It is broken and stuck, as in Venezuela and other places, at one edge of its’ arc, while the powers that be are attempting to push it ever further in the same direction.
These fools, these elites (?) Sounds like the cartoon with the guy with the hand saw sitting on the limb he is cutting!! All these trees being cut by the helpless poor are depleting oxygen at a very rapid rate. The colder it gets, the more they cut and burn. Burning wood also creates carbon, I think. If it were not so humorous, it would be sad. The electric cars will be a blockage on the highways by the time they think they have it figured out. Some country boy will have to come along with his gas-powered Bronco with a four wheel drive and drag them to the ditch so I can get by to go fishin'. Just sayin'
Last Thanksgiving, Bill penned what I felt was an exceptional essay. I believe it was entitled something like “Exceptional Turkeys”. Is there any chance you could put that out again for all the new readers? With BPR’s help, I long ago stopped feeling exceptional and now I’m just looking for a hole in the fence.
My whole life I have read stories of inflation and hyperinflation, and always wondered, "if the outcome is always the same, why do they continue to do it?" Then during the "pandemic," I realized that it was simply to buy another hour, another day, another week.
"And then, the Fed did increase rates, so that millions of middle-class families will have a hard time making their mortgage payments."
You consistently write this BB, yet I know you must have considered that likely WAY more than half of the current mortgages in the US were generated at FIXED RATES. And further very likely that many (most?) of them were generated in the last 10 years when rates were so artificially low. I refinanced down to 2.6% FIXED a few years back, and I'm sure millions of competent homeowners did the same.
Yes, it's from 2010 but shows the steady decline of Variable-Rate Mortgages dropping from approximately 48% of all mortgage loans in '05 down to about 6% of all mortgages in '10.
Does anyone think that trend reversed itself in the last twelve years with rates being held so very, very low? Not likely.
So anyway Bill, why go so overboard on the doomporn with this particular point? If you wanted to trumpet the worst case with regard to the holders of Variable-Rate debt now getting whacked by the Fed's raising of rates - citing the revolving debt instruments, like CREDIT CARD RATES, would get a lot more hand-wringing, fear and shivers from your readers IMO...
I'm hoping we're not going into a recession. Seems like a lot of talk (jibber) that never stops. It's crazy talk that scares a lot of persons. What do I care as I have already lost 18% of my positions this year. Yes they say we could loose another big percentage however, that's money I can loose otherwise I would not be in the market. What I need is more facts and less jibber.
And if you are paying attention(many are not) you have to conclude that elections are a historic relic in America. They have never been “honest”, now they are gone. The long march through the institutions is complete, meaning the pendulum no longer swings. It is broken and stuck, as in Venezuela and other places, at one edge of its’ arc, while the powers that be are attempting to push it ever further in the same direction.
These fools, these elites (?) Sounds like the cartoon with the guy with the hand saw sitting on the limb he is cutting!! All these trees being cut by the helpless poor are depleting oxygen at a very rapid rate. The colder it gets, the more they cut and burn. Burning wood also creates carbon, I think. If it were not so humorous, it would be sad. The electric cars will be a blockage on the highways by the time they think they have it figured out. Some country boy will have to come along with his gas-powered Bronco with a four wheel drive and drag them to the ditch so I can get by to go fishin'. Just sayin'
Don Harrell
Bill, you and your associates generally write so eloquently that I can hardly wait to read all that’s coming next.
So…
How in the world did that glaring grammatical error slip into your recent commercial now playing on CNBC?!
Keep up the good work,
John.
Last Thanksgiving, Bill penned what I felt was an exceptional essay. I believe it was entitled something like “Exceptional Turkeys”. Is there any chance you could put that out again for all the new readers? With BPR’s help, I long ago stopped feeling exceptional and now I’m just looking for a hole in the fence.
Again, love it!
My whole life I have read stories of inflation and hyperinflation, and always wondered, "if the outcome is always the same, why do they continue to do it?" Then during the "pandemic," I realized that it was simply to buy another hour, another day, another week.
The last time the Republicans controlled the House they did tons of investigating, but nobody was held accountable for obvious (IMO) crimes.
Dead bodies, lots of them!!
"And then, the Fed did increase rates, so that millions of middle-class families will have a hard time making their mortgage payments."
You consistently write this BB, yet I know you must have considered that likely WAY more than half of the current mortgages in the US were generated at FIXED RATES. And further very likely that many (most?) of them were generated in the last 10 years when rates were so artificially low. I refinanced down to 2.6% FIXED a few years back, and I'm sure millions of competent homeowners did the same.
A quick search yielded this -
chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.newyorkfed.org/medialibrary/media/research/current_issues/ci16-8.pdf
Yes, it's from 2010 but shows the steady decline of Variable-Rate Mortgages dropping from approximately 48% of all mortgage loans in '05 down to about 6% of all mortgages in '10.
Does anyone think that trend reversed itself in the last twelve years with rates being held so very, very low? Not likely.
So anyway Bill, why go so overboard on the doomporn with this particular point? If you wanted to trumpet the worst case with regard to the holders of Variable-Rate debt now getting whacked by the Fed's raising of rates - citing the revolving debt instruments, like CREDIT CARD RATES, would get a lot more hand-wringing, fear and shivers from your readers IMO...
I'm hoping we're not going into a recession. Seems like a lot of talk (jibber) that never stops. It's crazy talk that scares a lot of persons. What do I care as I have already lost 18% of my positions this year. Yes they say we could loose another big percentage however, that's money I can loose otherwise I would not be in the market. What I need is more facts and less jibber.
LOL!
“Cynics’ Guide to Political Philosophy.”
Hahahaha, why just be mentioned in a footnote. Bill would be the perfect man to write it!!! :D