I don’t think Flagpole is a racist, homophobe, or transphobe. So you’ve got him on those counts, too!
Word. Gonna stop responding to Igy for a while. We all know he's full of sh!t, so my pointing it out really doesn't change anyone's mind as we're all on the same page there.
As I've said before, I don't post in this thread much like I did in the early days of this thread, because I've already won the game. Once in a while I poke my head in just to stir the pot a bit, but I likely won't be back in this thread now until the end of September when I will make a post about how the S&P 500 is doing...you know, since Igy called me out and declared it would be at or near 3,000 by the end of this year. Maybe it will be. We will see, and I'll record how it goes from here until the end of the year...on a monthly basis.
You can continue with your hard on as long as you like. Seems pointless to me.
This is all very interesting, and timely in my case.
While i have never felt it beneficial to seek out the help of a financial planner, now, entering retirement phase, there are many decisions concerning when to draw income and when to defer it, when and if and how much to convert IRAs to Roth IRAs, and the implications of each of these so as to minimize moving into higher tax brackets and into income levels that would trigger higher medicare premiums. There are ways to defer income and to minimize RMDs from IRAs through Roth Conversions that can minimize tax obligations, and while I think I have these figured out, a reality check from a fee based financial planner may be prudent.
Thanks for listening if you've made it this far, to what is likely the most boring thing I've ever written in my life.
If you choose to go that direction, a good starting point would be the CFP website where you can search for qualified planners in your area.
This is all very interesting, and timely in my case.
While i have never felt it beneficial to seek out the help of a financial planner, now, entering retirement phase, there are many decisions concerning when to draw income and when to defer it, when and if and how much to convert IRAs to Roth IRAs, and the implications of each of these so as to minimize moving into higher tax brackets and into income levels that would trigger higher medicare premiums. There are ways to defer income and to minimize RMDs from IRAs through Roth Conversions that can minimize tax obligations, and while I think I have these figured out, a reality check from a fee based financial planner may be prudent.
Thanks for listening if you've made it this far, to what is likely the most boring thing I've ever written in my life.
If you choose to go that direction, a good starting point would be the CFP website where you can search for qualified planners in your area.
I've got this guy lined up that's a friend of my father's.
“US National Debt has now increased by $1.45 trillion since the debt ceiling was suspended 3 months ago and is fast approaching $33 trillion. In the past five years the national debt has increased by 53%, from $21.4 trillion to $32.9 trillion.”
The main reason bonds continue to fall with more Treasury issuance, and the stock market advances with increased Government deficit spending.
At the wire houses (full service brokerage) the amount of assets required to make a decent living continued to increase during my tenure. I believe that trend continues. The value of advice is discounted with the historic bull market. I believe that trend will end.
At the wire houses (full service brokerage) the amount of assets required to make a decent living continued to increase during my tenure. I believe that trend continues. The value of advice is discounted with the historic bull market. I believe that trend will end.
And Ameritrade owned by Schwab.
Hey, speaking of the etrade babies, remember the ameritrade ads about the same time? You know, your buddy, the young guy, Alex or something like that. The guy with his face on the copier.
At the wire houses (full service brokerage) the amount of assets required to make a decent living continued to increase during my tenure. I believe that trend continues. The value of advice is discounted with the historic bull market. I believe that trend will end.
And Ameritrade owned by Schwab.
Hey, speaking of the etrade babies, remember the ameritrade ads about the same time? You know, your buddy, the young guy, Alex or something like that. The guy with his face on the copier.
Yes encouraging his boss to buy Kmart stock, which went bankrupt shortly thereafter.
“A nice write-up of the stunning increase/level of the deficit by @JStein_WaPo. In fact the increase is so stunning that you have to think that at least some of it is transitory noise. But some of it probably is not just transitory noise.”
Good call from JPM a year ago after a jobs report. Pretty much 100% accurate, looking back from a year later. David Kelly at JPM is one of the only macro guys I pay any attention to - he is thoughtful, clear and not bombastic.
Seth Golden @SethCL "Overall, this report provides the economy with more runway for a soft landing, showing continued employment momentum along with a little more slack in the labor market, reducing economy-wide inflation pressures." - JPM Asset Mgt h/t @SamRo $SPY $QQQ $SPX #Jobs 10:27 AM · Sep 2, 2022
"Overall, this report provides the economy with more runway for a soft landing, showing continued employment momentum along with a little more slack in the labor market, reducing economy-wide inflation pressures." - JPM Asset Mgt
Jim Bianco has a series of interesting points on Twitter this morning. The recession was Q1 and Q2 2022, oil prices going higher, economic growth continuing, inflation still an issue, so Fed unlikely to cut in 2024. This is negative for the bond bulls.
Jim Bianco has a series of interesting points on Twitter this morning. The recession was Q1 and Q2 2022, oil prices going higher, economic growth continuing, inflation still an issue, so Fed unlikely to cut in 2024. This is negative for the bond bulls.
Jim Bianco has a series of interesting points on Twitter this morning. The recession was Q1 and Q2 2022, oil prices going higher, economic growth continuing, inflation still an issue, so Fed unlikely to cut in 2024. This is negative for the bond bulls.
Word. Gonna stop responding to Igy for a while. We all know he's full of sh!t, so my pointing it out really doesn't change anyone's mind as we're all on the same page there.
As I've said before, I don't post in this thread much like I did in the early days of this thread, because I've already won the game. Once in a while I poke my head in just to stir the pot a bit, but I likely won't be back in this thread now until the end of September when I will make a post about how the S&P 500 is doing...you know, since Igy called me out and declared it would be at or near 3,000 by the end of this year. Maybe it will be. We will see, and I'll record how it goes from here until the end of the year...on a monthly basis.
You can continue with your hard on as long as you like. Seems pointless to me.
I hope the term "hard-on" never appears again on the Down with Dow thread. Let us please retire it.
This one from Ignatz to Flagg, a bit mean but classic:
“Your boasting that you have more wealth in paper assets may be true. I likely have more wealth than you in art, precious metals, jewels, or automobiles. It is also true I may have a lot nicer house, a prettier wife, and certainly a more pleasant personality. I may even have a higher net worth than you.”
Jim Bianco has a series of interesting points on Twitter this morning. The recession was Q1 and Q2 2022, oil prices going higher, economic growth continuing, inflation still an issue, so Fed unlikely to cut in 2024. This is negative for the bond bulls.
well that's possible, if inflation decides to recharge. But inflation seems to be in the 3-4% range with continued momentum downwards.
These guys are all looking at 1970s inflation charts and seeing the second rise in inflation after everyone thought we were done with it. But the economy is so much more efficient now...I'd be surprised if inflation resurged.
Jim Bianco has a series of interesting points on Twitter this morning. The recession was Q1 and Q2 2022, oil prices going higher, economic growth continuing, inflation still an issue, so Fed unlikely to cut in 2024. This is negative for the bond bulls.
well that's possible, if inflation decides to recharge. But inflation seems to be in the 3-4% range with continued momentum downwards.
These guys are all looking at 1970s inflation charts and seeing the second rise in inflation after everyone thought we were done with it. But the economy is so much more efficient now...I'd be surprised if inflation resurged.
What I found interesting is no bond bull market being the contrarian view. I have no particular view on inflation, however I have noticed lately a continual rise in gas and food prices.
This post was edited 4 minutes after it was posted.
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