Page 14 of 18 FirstFirst ... 41213141516 ... LastLast
Results 261 to 280 of 343
  1. #261

    Paul Volcker

    I didn`t want to start a separate thread but did want fo note the passing of former Fed Chairman Paul Volcker yesterday. A giant among central bankers(he was 6'7"), he was credited with breaking the high inflation of the 70s and early 80s. For that we are in his debt.

    I'm probably being petty in another thread.

  2. #262
    Quote Originally Posted by YmoBeThere View Post
    I didn`t want to start a separate thread but did want fo note the passing of former Fed Chairman Paul Volcker yesterday. A giant among central bankers(he was 6'7"), he was credited with breaking the high inflation of the 70s and early 80s. For that we are in his debt.
    Volcker may have been Carterís best decision. Volcker knew the best solution and refused to let many others try to convince him otherwise. Paul deserves a lot of the credit for the amazing US economic run since the mid-80ís. He did not let his very substantial knowledge of free markets stop him from massive interest rate manipulation. Itís been all down hill from there.

    RIP, and many thanks, Big Paul!
    Last edited by Jeffrey; 12-09-2019 at 09:22 PM.

  3. #263
    Iíll see if I can find the article, read something today that stated more money has been pulled out of the stock market since the start of the year than ever (?), to the tune of $130B+.

    Any exaggeration/misrepresentation of the details is mine.
    Pretty scary that the market is simultaneously super hot and investors are taking the money and parking it in safer places.

  4. #264
    Quote Originally Posted by fuse View Post
    Pretty scary that the market is simultaneously super hot and investors are taking the money and parking it in safer places.
    IMO, pretty awesome.

  5. #265
    Quote Originally Posted by fuse View Post
    Iíll see if I can find the article, read something today that stated more money has been pulled out of the stock market since the start of the year than ever (?), to the tune of $130B+.

    Any exaggeration/misrepresentation of the details is mine.
    Pretty scary that the market is simultaneously super hot and investors are taking the money and parking it in safer places.
    Iím not shocked. The youngest Baby Boomers are 55. So many are now retiring, they will have to take money out of their accounts. The oldest of them will have to due to RMD requirements.

    As for me, Iíve had a great year in my trading account(other accounts too but those stay fully invested). So much so, that I took funds out to buy a long desired item.

    I'm probably being petty in another thread.

  6. #266
    Quote Originally Posted by Jeffrey View Post
    IMO, pretty awesome.
    Would enjoy the benefit of your perspective.

    My read was teetering on a razorís edge of high highs and fears of a big crash.

    Since my crystal ball is cloudy, I donít mind enjoying the high highs. Iíd love to avoid a huge loss.

    Ok, duh, now that Iíve gotten the obvious out of the way...

  7. #267
    Join Date
    Sep 2007
    Location
    Undisclosed
    Quote Originally Posted by YmoBeThere View Post
    I’m not shocked. The youngest Baby Boomers are 55. So many are now retiring, they will have to take money out of their accounts. The oldest of them will have to due to RMD requirements.

    As for me, I’ve had a great year in my trading account(other accounts too but those stay fully invested). So much so, that I took funds out to buy a long desired item.
    Which raises the question -- are folks pulling money out to park it somewhere safer, or pulling it out to spend (i.e. keep the economy moving)? For example, I pulled funds out of a 529 mutual fund basket and it went to tuition, private apartment owners, etcetera as opposed to a simple reallocation of asset classes.
    "We're only tourists in this life
    Only tourists but the view is nice"

    -- David Byrne

  8. #268
    Quote Originally Posted by YmoBeThere View Post
    I’m not shocked. The youngest Baby Boomers are 55. So many are now retiring, they will have to take money out of their accounts. The oldest of them will have to due to RMD requirements.

    As for me, I’ve had a great year in my trading account(other accounts too but those stay fully invested). So much so, that I took funds out to buy a long desired item.
    An "Indecent Proposal" style night with James Ingram?

  9. #269
    Join Date
    Sep 2007
    Location
    Undisclosed
    Another theory on money flows from US stocks:

    https://www.cnn.com/2019/12/10/inves...ing/index.html

  10. #270
    Quote Originally Posted by fuse View Post
    Would enjoy the benefit of your perspective.
    Sure, FWIW, I'll respond later today, instead of a couple quick one liners now.

  11. #271
    Quote Originally Posted by bundabergdevil View Post
    An "Indecent Proposal" style night with James Ingram?
    Hmmm, nope. A 1971 Pontiac Trans Am.

    I'm probably being petty in another thread.

  12. #272
    Quote Originally Posted by YmoBeThere View Post
    Hmmm, nope. A 1971 Pontiac Trans Am.
    Wait. So your handle isn't inspired by 40 Year Old Virgin? Hmmmm...I could see how my comment could be, ahem, odd then.

  13. #273
    Quote Originally Posted by YmoBeThere View Post
    Hmmm, nope. A 1971 Pontiac Trans Am.
    Hope you've been making great progress. I'm just not up for that amount of work anymore. Wimped out and got a 2019 ZL1 with 650 horses/650 lbs. of torque and the new A10.

  14. #274
    Quote Originally Posted by fuse View Post
    Would enjoy the benefit of your perspective.
    IMO, there are substantially better investment options than money markets.

    https://www.cnbc.com/2019/10/12/inve...he-crisis.html

    FWIW, I'm thrilled when most disagree with me. I'm a contrarian investor and strongly believe most investors will make the wrong choice. So, I'm greedy when others are fearful. IMO, FOMO will kick in if we get a phase one China trade deal and Biden wins the D nomination.

    IMO, this continues to be the best domestic economic/equity period of my lifetime. I absolute love buying equity when interest rates continue (for a decade and maybe even a decade more) to stay at 35 year lows, U.S. corporate tax rates are at 68 year lows, U.S. unemployment rate is at a 50 year low, and U.S. Government and consumer spending are going through the roof. There's nothing left to do but smile, smile, smile.

  15. #275
    Quote Originally Posted by Jeffrey View Post
    Hope you've been making great progress. I'm just not up for that amount of work anymore. Wimped out and got a 2019 ZL1 with 650 horses/650 lbs. of torque and the new A10.
    Finely crafted machines, but do they have a soul?

    I'm probably being petty in another thread.

  16. #276
    Quote Originally Posted by bundabergdevil View Post
    Wait. So your handle isn't inspired by 40 Year Old Virgin? Hmmmm...I could see how my comment could be, ahem, odd then.
    Lol, nope. I was listening to that song when it was first released in ‘83-‘84 when I was a teenager. And my nickname to every one of my peers was Yamo (first part of my last name) or nouch (part of the second half of my last name.). By the time I hit undergrad in Durham in the late 80s, I was still known by most of my classmates as either one of those. If any of them posted here, I’m fairly certain they would recognize my screen name. Alas, they haunt other realms for their social fix.

    *Actually the first part of my last name is Yama and I had a friend who always addressed me as that or in its place, the Rockin’ Llama

    I'm probably being petty in another thread.

  17. #277
    Quote Originally Posted by YmoBeThere View Post
    Finely crafted machines, but do they have a soul?
    Give me a year to finish my mods and itíll have 800 horses at the wheels. Does that qualify?

    Do you run the Texas Mile? Many of my car friends take their rides there.

  18. #278
    Quote Originally Posted by Jeffrey View Post
    Give me a year to finish my mods and itíll have 800 horses at the wheels. Does that qualify?

    Do you run the Texas Mile? Many of my car friends take their rides there.
    Will you use a Bridgeport or a manual lathe in crafting the parts to achieve your HP gains???

    I know a couple guys that have done the Texas mile, but the guys in my club that do most of the racing were Bonneville afficianados.

    What driving I have done has been a 1/4 mile at a time.

    I'm probably being petty in another thread.

  19. #279
    Quote Originally Posted by YmoBeThere View Post
    Lol, nope. I was listening to that song when it was first released in Ď83-Ď84 when I was a teenager. And my nickname to every one of my peers was Yamo (first part of my last name) or nouch (part of the second half of my last name.). By the time I hit undergrad in Durham in the late 80s, I was still known by most of my classmates as either one of those. If any of them posted here, Iím fairly certain they would recognize my screen name. Alas, they haunt other realms for their social fix.

    *Actually the first part of my last name is Yama and I had a friend who always addressed me as that or in its place, the Rockiní Llama
    Welp, I totally whiffed on that then. I was convinced you really liked this scene from aforementioned movie:


  20. #280
    Well, hopefully no one whiffed in 2019 as it was a good year for most of the averages. Even the international markets showed some life.

    Good luck in 2020, be it investing, trading, modifying your car, or watching old Steve Carrell films!

    I'm probably being petty in another thread.

Similar Threads

  1. Duke History (new thread-- posts moved from unrelated thread)
    By jimsumner in forum Elizabeth King Forum
    Replies: 43
    Last Post: 12-25-2019, 08:15 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •