Independent thinking for complex markets and current events
95-year-old Buffett parks $380 billion in cash while flat-out warning the dollar could collapse. Market is now a church with a casino bolted on and the casino has never been more packed. Avis rental car gets GameStop-style meme-squeezed while Buffett calls one-day options pure gambling. Oracle admits he no longer understands most businesses and sees …
Are U.S. Treasuries finally as risky as stocks? First, what is a Treasury? When you buy a U.S. Treasury bond, you’re lending money to the government. They promise to pay you interest (called a coupon) and then return your money when the bond matures. Safe, right? Except prices can swing if yields change. — StockMarket.News …
by confoundedinterest17 I had a wonderful time speaking at the Passive Investors Conference last night. One question I was asked was “Why doesn’t Powell (the current Fed Chair) pull “a Volcker” to cool inflation. She was referring to former Fed Chair Paul Volcker’s sudden raising of The Fed’s target rate which resulted in a cooling …
Jobs hotter than expected. CPI hotter than expected. This is 1980 Volcker deja vu. Or 2008: pic.twitter.com/HzVoOyWtfj — Mac10 (@SuburbanDrone) October 12, 2023 We have been dealing with elevated inflation for nearly 3 years. 3.7% inflation in September is building on years of inflation before 2023. The Fed will continue doing whatever it takes to …