lol perma-bears really suffering lately. Retail spending bounced back in May by almost 18%. Middle class has spent the last 3 months deleveraging and are about to spend spend spend!
lol perma-bears really suffering lately. Retail spending bounced back in May by almost 18%. Middle class has spent the last 3 months deleveraging and are about to spend spend spend!
Funny, perma bulls were exceedingly quiet 24 hours ago. Seems like stable markets to me. :-)
Racket wrote:
lol perma-bears really suffering lately. Retail spending bounced back in May by almost 18%. Middle class has spent the last 3 months deleveraging and are about to spend spend spend!
and companies have shed a whole hunking lot of dead weight...leverage to the profit line is going to be e-flippin'-normous.
and a new drug has popped up that seems to save the lives of some portion of COVID patients
https://www.bbc.com/news/health-53061281Ghost of Igloi wrote:
We can all pledge fealty to the great social experiment of slogans and protests.
so you, as an American are against protests?
Igy feel free to ignore if it's too personal, but what did you do in the late 60s? Did you protest or counter-protest or just hang back? Do you regret anything from that period? Not sure how old you were then.
it's just that you seem so cynical about people trying to change anything. This country has been pretty good at finding ways to change, generation to generation. I'm wondering how you feel about that constant push for the country to improve itself.
agip wrote:
Racket wrote:
lol perma-bears really suffering lately. Retail spending bounced back in May by almost 18%. Middle class has spent the last 3 months deleveraging and are about to spend spend spend!
and companies have shed a whole hunking lot of dead weight...leverage to the profit line is going to be e-flippin'-normous.
and a new drug has popped up that seems to save the lives of some portion of COVID patients
https://www.bbc.com/news/health-53061281
Better than a new drug, it's a dirt cheap basic corticosteroid that's been in use for a long time.
Note to self: Buy when the VIX is high.
I just can't be enough of a contrarian to do that, despite seeing it work over and over.
I've totally flubbed this year. I've been fearful when everyone is fearful and greedy when everyone is greedy. I'm down pretty much exactly what the stock market is down, despite having 30-40% in bonds.
Biggest mistake was selling all my corporate bonds into the teeth of the storm. Then the fed backstopped them and they shot all the way back up.
Second worst mistake was not focusing on tech enough.
D+ for me. I handed over a lot of money.
But I had a very good 2019, ahead of my personal benchmarks, so longer term I'm ok.
agip wrote:
But I had a very good 2019, ahead of my personal benchmarks, so longer term I'm ok.
People my age would kill to have the 10 year return you're probably sitting on.
agip wrote:
Ghost of Igloi wrote:
We can all pledge fealty to the great social experiment of slogans and protests.
so you, as an American are against protests?
Igy feel free to ignore if it's too personal, but what did you do in the late 60s? Did you protest or counter-protest or just hang back? Do you regret anything from that period? Not sure how old you were then.
it's just that you seem so cynical about people trying to change anything. This country has been pretty good at finding ways to change, generation to generation. I'm wondering how you feel about that constant push for the country to improve itself.
agip,
I don’t mind the question at all.
I attended one of the big Vietnam War protests in San Francisco in the fall of 1969. I was there more for something interesting to do than one with clear political views. I had just turned 19 years old, and was an immature sophomore in college. “Hey look at that topless chick, and the dude smoking a reefer.” I suppose there were many like me; free music and chicks. Three years later during fall of 1972 I was one of the most politically active students at Oklahoma State, and worked for the George McGovern campaign. I suppose I was in a small minority on campus that voted Democratic.
Right out of college I worked for Northrop Corporation. My interest in working for a better society lead me to a nineteen year career in coaching and teaching. I am proud of my record of working with and living in minority communities.
I see the current protests and riots as an outgrowth of job losses. So the season of social turmoil may continue for sometime. If positives comes out of it, so much the better. I am skeptical. I have pointed out at length I believe BLM leans too far toward victimization. Liberal policies have played that for decades, and the outcome for inter city Black Communities is worse in many ways. Poll Black communities on whether or not they want more or less police protection. Why are people from outside these communities dictating to the people who live there?
I see the loyalty oaths of support to BLM as fake and annoying.
Igy
Racket wrote:
agip wrote:
But I had a very good 2019, ahead of my personal benchmarks, so longer term I'm ok.
People my age would kill to have the 10 year return you're probably sitting on.
have you said how old you are?
Ghost of Igloi wrote:
agip wrote:
so you, as an American are against protests?
Igy feel free to ignore if it's too personal, but what did you do in the late 60s? Did you protest or counter-protest or just hang back? Do you regret anything from that period? Not sure how old you were then.
it's just that you seem so cynical about people trying to change anything. This country has been pretty good at finding ways to change, generation to generation. I'm wondering how you feel about that constant push for the country to improve itself.
agip,
I don’t mind the question at all.
I attended one of the big Vietnam War protests in San Francisco in the fall of 1969. I was there more for something interesting to do than one with clear political views. I had just turned 19 years old, and was an immature sophomore in college. “Hey look at that topless chick, and the dude smoking a reefer.” I suppose there were many like me; free music and chicks. Three years later during fall of 1972 I was one of the most politically active students at Oklahoma State, and worked for the George McGovern campaign. I suppose I was in a small minority on campus that voted Democratic.
Right out of college I worked for Northrop Corporation. My interest in working for a better society lead me to a nineteen year career in coaching and teaching. I am proud of my record of working with and living in minority communities.
I see the current protests and riots as an outgrowth of job losses. So the season of social turmoil may continue for sometime. If positives comes out of it, so much the better. I am skeptical. I have pointed out at length I believe BLM leans too far toward victimization. Liberal policies have played that for decades, and the outcome for inter city Black Communities is worse in many ways. Poll Black communities on whether or not they want more or less police protection. Why are people from outside these communities dictating to the people who live there?
I see the loyalty oaths of support to BLM as fake and annoying.
Igy
do you see a contradiction in that you are proud of your work for justice in the 60s and your less than approving look at today's protest movement?
agip wrote:
Ghost of Igloi wrote:
agip,
I don’t mind the question at all.
I attended one of the big Vietnam War protests in San Francisco in the fall of 1969. I was there more for something interesting to do than one with clear political views. I had just turned 19 years old, and was an immature sophomore in college. “Hey look at that topless chick, and the dude smoking a reefer.” I suppose there were many like me; free music and chicks. Three years later during fall of 1972 I was one of the most politically active students at Oklahoma State, and worked for the George McGovern campaign. I suppose I was in a small minority on campus that voted Democratic.
Right out of college I worked for Northrop Corporation. My interest in working for a better society lead me to a nineteen year career in coaching and teaching. I am proud of my record of working with and living in minority communities.
I see the current protests and riots as an outgrowth of job losses. So the season of social turmoil may continue for sometime. If positives comes out of it, so much the better. I am skeptical. I have pointed out at length I believe BLM leans too far toward victimization. Liberal policies have played that for decades, and the outcome for inter city Black Communities is worse in many ways. Poll Black communities on whether or not they want more or less police protection. Why are people from outside these communities dictating to the people who live there?
I see the loyalty oaths of support to BLM as fake and annoying.
Igy
do you see a contradiction in that you are proud of your work for justice in the 60s and your less than approving look at today's protest movement?
agip,
Maturity and experience. I have seen the failure of repeating the same for decades, and it has little to do with systemic racism. Change will come with a different approach, not more of the same.
https://quoteinvestigator.com/2014/02/24/heart-head/By the way, that goes for our involvement in other countries internal affairs. The military industrial complex has been a problem ever since President Eisenhower pointed it out. We continue that failed policy as well.
Igy
agip wrote:
Racket wrote:
People my age would kill to have the 10 year return you're probably sitting on.
have you said how old you are?
Millennial
Racket,
Just curious, and don’t answer if you feel too personal. Do you have a good relationship with your parents and grandparents?
Igy
Ghost of Igloi wrote:
Racket,
Just curious, and don’t answer if you feel too personal. Do you have a good relationship with your parents and grandparents?
Igy
I do indeed
Racket,
Good. Some of your comments, probably poking fun, made me just question. My son-in-law had a very dysfunctional upbringing. Divorce, various other less than optimal factors. I believe he is closer to our family than his own.
Igy
Ghost of Igloi wrote:
Racket,
Good. Some of your comments, probably poking fun, made me just question. My son-in-law had a very dysfunctional upbringing. Divorce, various other less than optimal factors. I believe he is closer to our family than his own.
Igy
Blaming the previous generation for all our problems, rightfully or wrongfully, is rite of passage (sorry Gen X, you were even forgotten by Millennial blame). I'm sure Gen Z will do the same for Millennials if they aren't already.
Racket wrote:
Ghost of Igloi wrote:
Racket,
Good. Some of your comments, probably poking fun, made me just question. My son-in-law had a very dysfunctional upbringing. Divorce, various other less than optimal factors. I believe he is closer to our family than his own.
Igy
Blaming the previous generation for all our problems, rightfully or wrongfully, is rite of passage (sorry Gen X, you were even forgotten by Millennial blame). I'm sure Gen Z will do the same for Millennials if they aren't already.
Racket,
I realize you are mostly joking, hope so anyway. My father hopped a train and headed to Los Angeles from Illinois during the depression. His father was a laid-off coal miner. My mother lost her parents to a child birth death and suicide; raised by her farming grandparents from age four. Wife’s father joined the Army to get out of depression era North Carolina. Join the Army Air Corp WWII. He was a B-24 bombardier, shot down over Vienna, spent a year in a Luftwaffe prison camp. Mother-in-law was a daughter of first generation German immigrant and second generation English immigrant parents. Really good role models across the board. That is my white privilege. :-)
Igy
Ghost of Igloi wrote:
I am proud of my record of working with and living in minority communities.
Igy
Eagle, ID
2010 census
The racial makeup of the city was 94.4% White, 0.3% African American, 0.5% Native American, 1.6% Asian, 0.1% Pacific Islander, 1.0% from other races, and 2.0% from two or more races. Hispanic or Latino of any race were 4.7%.
agip wrote:
Ghost of Igloi wrote:
agip,
I don’t mind the question at all.
I attended one of the big Vietnam War protests in San Francisco in the fall of 1969. I was there more for something interesting to do than one with clear political views. I had just turned 19 years old, and was an immature sophomore in college. “Hey look at that topless chick, and the dude smoking a reefer.” I suppose there were many like me; free music and chicks. Three years later during fall of 1972 I was one of the most politically active students at Oklahoma State, and worked for the George McGovern campaign. I suppose I was in a small minority on campus that voted Democratic.
Right out of college I worked for Northrop Corporation. My interest in working for a better society lead me to a nineteen year career in coaching and teaching. I am proud of my record of working with and living in minority communities.
I see the current protests and riots as an outgrowth of job losses. So the season of social turmoil may continue for sometime. If positives comes out of it, so much the better. I am skeptical. I have pointed out at length I believe BLM leans too far toward victimization. Liberal policies have played that for decades, and the outcome for inter city Black Communities is worse in many ways. Poll Black communities on whether or not they want more or less police protection. Why are people from outside these communities dictating to the people who live there?
I see the loyalty oaths of support to BLM as fake and annoying.
Igy
do you see a contradiction in that you are proud of your work for justice in the 60s and your less than approving look at today's protest movement?
This makes no sense.
On the same order of asking someone “do you see a contradiction that you supported the U.S. attacking Germany in WWII but you now oppose going into Vietnam”.
Ghost of Igloi wrote:I attended one of the big Vietnam War protests in San Francisco in the fall of 1969. I was there more for something interesting to do than one with clear political views. I had just turned 19 years old, and was an immature sophomore in college.
Weren't you old enough to serve? If so, curious why you did not. Conscientious objector? Just preferred college?