It seems the market multiple is coinciding with the overdraft in the federal checkbook. One wonders if riding the wave and timing the market, barbelled with 30-60 day treasuries isn’t a valid way to ride this tragedy out. Of course this takes a lot of maneuvering and diligence(potentially for years). Geopolitics aside for the moment. Sigh
If the world goes to hell you're supposed to use a piece of sandpaper to scrape some dust off you gold bar to purchase your next meal? I still don't understand the not so precious metals which did nothing forever in terms of return. Recently there are the inflation hedge. Gold has no particular industrial use and is actually losing favor as jewelry. Not seeing it's a bad investment obviously. I just prefer to own everything. And by the way if you need gold for any kind of real world transaction. You're going to need guns and first for protection. Pretty sure that won't happen.
SL: NO, No, NO. You can blame all you want, but you are totally wrong. I would blame the Republicans for putting up with all the stupid thing that Trump does. How can anyone with half a brain believe all his lies; plus I don't think he's that smart. You Republicans will believe anything he does or says..how sad. Get a better candidate.
I’m not so sure about fewer workers, as 7 million illegals are now either trying to get legal status, for a license and democrat voting card, or just enjoying living for free, adding to our national debt by 100s of billions a year. As far as pay increases, all civil servants and union members are getting huge increases. Unfortunately, we the people in the private sector are not, yet paying for those increases through taxes and inflation. Where does that leave us 🤔 let me know your thoughts 🤔
SL: Over the years and including now, the unions have received Large increases. When you inquire about what the various salaries are...it never seems to remember. My parents worked for a union and when I found out what their salaries were, I was shocked. They were both making twice or three times more than other un-union companies doing the same job. Why don't the Unions tell us what the salaries are...Dud.
You are starting to sound like a Republican Dorothy 😳 when you research Unions, you see who started them, and the communist involvement behind them. It was all part of the game for socialism, and a very interesting read. More companies have been put out of business, and it’s a huge factor to the bankruptcy of America, as all government is now unionized 🤔 created to break the back of capitalism. I give the communist lots of credit, and the same amount of shame for our government.
SL: Well, not all companies are unionized. So far the Banks are not unionized, at least to my knowledge and, of course, restaurants and small mom and pop stores; but I get your message. I still don't feel the communist get a lot of credit for this...just Greedy people who are never satisfied.
Yes Bill, would we expect anything else from our banana republic?
We only have ourselves to blame...and of course China, the communist party and the democrats....
Oh. That’s pretty f-g cheerful.🫤
Everything is correct, but the timing.
Crash in 26-27. Not yet.
I know. But there’s still more wiggle room.
And these establishment newts know how to wiggle better than Annette Funicello on a beach.
The good news is that there’s still time before the next big crash.
Where are we in the Inflate or Die story?
For me at least it was a matter of which inflation we were talking about??
When interest rates were on the decline we were inflating ‘asset’ prices. We were too bloated to die.
Now that interest rates are rising we are inflating ‘consumer’ prices while asset prices are falling (albeit slower than expected).
We are on life support and I don’t like the people in control of the switch.
For what it's worth, they don't like you either Mr. Nick.
But fret not. They don't like any of us...
Very true... but they need us in the private sector to make. We on the other hand don’t them at all ... to simply take.
Optimism abounds! Yes!
I'm optimistic that the world may see deflation in its future. The only issue is whether I'll still be alive when the results turn favorable for me.
Hang in there , Mr. Beck! We need ya...
It seems the market multiple is coinciding with the overdraft in the federal checkbook. One wonders if riding the wave and timing the market, barbelled with 30-60 day treasuries isn’t a valid way to ride this tragedy out. Of course this takes a lot of maneuvering and diligence(potentially for years). Geopolitics aside for the moment. Sigh
Lastly.
Genuinely Love BB and his Truly Extraordinary Colleagues and Family Contributors.
Where is gold and silver going?
Still buy both on a quarterly basis, but do the same with Bitcoin and Ethereum…always best to hedge your bets…
SL: I keep hearing that Bitcoin and Ethereum will be going away with the induction of FedNow. But who knows?
If the world goes to hell you're supposed to use a piece of sandpaper to scrape some dust off you gold bar to purchase your next meal? I still don't understand the not so precious metals which did nothing forever in terms of return. Recently there are the inflation hedge. Gold has no particular industrial use and is actually losing favor as jewelry. Not seeing it's a bad investment obviously. I just prefer to own everything. And by the way if you need gold for any kind of real world transaction. You're going to need guns and first for protection. Pretty sure that won't happen.
Hi Bill. Would've upvoted you but for the last sentence...
LMAO Star, we both know it's equal parts gold/lead:)
Star. There will be blood.
Seems actually a conservative estimate, Bill.
Thanks. I was exhibiting some hyperbole in my short note I expect to be around for a long while.
“Like/Love❤️”is a really hard data point. “Accept🤔” and “Accept in Despair 😩“ might be better data points.
These “are-or could be” comments on the content/situation expressed , rather than the writer’s intentions or amazing insights.
Gotta be worth a conversation with the Substack Team....
"The problem is the Democrat Voter." Yes Don, always has been, and always will be.
"They act like they care, but they really don’t care. They have TDS!" No Don, it's just plain ignorance, stupidity, mental illness or pure evil.
SL: NO, No, NO. You can blame all you want, but you are totally wrong. I would blame the Republicans for putting up with all the stupid thing that Trump does. How can anyone with half a brain believe all his lies; plus I don't think he's that smart. You Republicans will believe anything he does or says..how sad. Get a better candidate.
Yall funny...... until folks realize the Ds and Rs are just 2 sides of the same coin, we’re all screwed.
Your point is well taken, but the rare, outlier politicians are virtually all R's.
So true, my friend. Ron Paul comes to mind.
Until yall understand that Ds and Rs are just 2 sides of the same coin, we’re all screwed.
Hey Dan. In 08 they should’ve left any business that could not support self to bankrupt. Plus that and end Federal Reserve.
I’m not so sure about fewer workers, as 7 million illegals are now either trying to get legal status, for a license and democrat voting card, or just enjoying living for free, adding to our national debt by 100s of billions a year. As far as pay increases, all civil servants and union members are getting huge increases. Unfortunately, we the people in the private sector are not, yet paying for those increases through taxes and inflation. Where does that leave us 🤔 let me know your thoughts 🤔
Screwed and un-kissed...
The illegals mostly are low skill workers. So they’ll probably be hired as Harvard professors, Congressmen, or TV pundits.
Or President 🤔
SL: Over the years and including now, the unions have received Large increases. When you inquire about what the various salaries are...it never seems to remember. My parents worked for a union and when I found out what their salaries were, I was shocked. They were both making twice or three times more than other un-union companies doing the same job. Why don't the Unions tell us what the salaries are...Dud.
You are starting to sound like a Republican Dorothy 😳 when you research Unions, you see who started them, and the communist involvement behind them. It was all part of the game for socialism, and a very interesting read. More companies have been put out of business, and it’s a huge factor to the bankruptcy of America, as all government is now unionized 🤔 created to break the back of capitalism. I give the communist lots of credit, and the same amount of shame for our government.
Hey Steve. Yes, she really is starting to make sense. Puzzling indeed.
🤔 yes brother, as most intelligent democrats are waking up to the reality that we are screwed and both parties are responsible
SL: Well, not all companies are unionized. So far the Banks are not unionized, at least to my knowledge and, of course, restaurants and small mom and pop stores; but I get your message. I still don't feel the communist get a lot of credit for this...just Greedy people who are never satisfied.
Hi Don -
They'll also have about 7 million NEW illegal invaders to sweeten the deal for employers by the end of 2024.
Thanks TraitorJoe...