[kingofbeer]

Originally Posted by LeRoySmith

Can anyone recall a similar monetary and political situation in our lives? The stuff going on currently is certainly uncharted, if the waste is real and can be stopped I'd expect another big jump in the market v over the next 6-9 months. I'm staying put but also hording up 3 or 400k in cash so I can buy when it corrects.

Oh market timing. That always works!

[dewilson58]

Originally Posted by justjim

I’m in favor of wasteful cuts but random slashing makes no sense.

not random

[bopat]

Buy low sell high

[ithos]

Originally Posted by kingofbeer

The companies shut them down because they where no longer profitable. End of story.

I remember well when we were taught in elementary school about the Theory of Comparative Advantage. Soon after we started getting flooded with Japanese imports. Initially they were inferior but eventually became superior and cheaper.

W. Edwards Deming was the American who was most responsible for the transformation of Japan into the the best manufacturing country in the world. He had tried and failed to get his system adopted in America but the executives were too hard headed to comprehend.

But I do agree with the new policy about imports. We need a strong manufacturing base. And Ross Perot was right about NAFTA.

[Stu from NYC]

Originally Posted by dewilson58

not random

Some people think we should spend our way into bankruptcy.

[dewilson58]

Originally Posted by Stu from NYC

Some people think we should spend our way into bankruptcy.

Over 4,000 employees in the Dept of Ed is just amazing.

I saw the number some where......$17,000 per student.

[kingofbeer]

Originally Posted by ithos

I remember well when we were taught in elementary school about the Theory of Comparative Advantage. Soon after we started getting flooded with Japanese imports. Initially they were inferior but eventually became superior and cheaper.

W. Edwards Deming was the American who was most responsible for the transformation of Japan into the the best manufacturing country in the world. He had tried and failed to get his system adopted in America but the executives were too hard headed to comprehend.

But I do agree with the new policy about imports. We need a strong manufacturing base. And Ross Perot was right about NAFTA.

Manufacturing companies left the US because they where not making enough profits. End of story.

[JRcorvette]

Originally Posted by manaboutown

The Shiller CAPE has hit 38.18, more than double its mean (17.17) and median (16). That seems like a very scary high to me so I have for the most part moved to defensive holdings and the largest proportion of cash I have ever maintained

Shiller PE Ratio - Multpl

If you have a lot of cash when would it be a good time to buy back in???

[Normal]

Originally Posted by JRcorvette

If you have a lot of cash when would it be a good time to buy back in???

I would hold off, wait till the recession is full blown?

[jimjamuser]

Originally Posted by Normal

One would be crazy to sell anytime soon with the current forecasts getting much brighter for the market.

I feel that the likelihood of a recession soon is very real.

[jimjamuser]

Originally Posted by MorTech

There is a lot of cash flowing into USA equities from Europe since the place is being rapidly destroyed.

How much gold dust do you need to scape off your bar in order to purchase a Jersey Mike sub? Bitcoin is indestructible and divisible digital capital with no counterparty and is limited to 21M coins. It literally is perfect money...The FIRST perfect money. It cannot be stolen or counterfeited.

I believe that bitcoin is a large waste of energy for the factory sized amount of computers that are needed to maintain the system. But I do NOT claim to be an expert on the subject. I am really asking a question of the real experts here.

[Normal]

Originally Posted by jimjamuser

I believe that bitcoin is a large waste of energy for the factory sized amount of computers that are needed to maintain the system. But I do NOT claim to be an expert on the subject. I am really asking a question of the real experts here.

Bitcoin will drop hard, like rock bottom hard soon enough. It will eventually be worthless. Technological Obsolescence will be their downfall as the blockchain will be hacked all over the place. You can thank AI for it.

[jimjamuser]

Originally Posted by Normal

I would hold off, wait till the recession is full blown?

That's good advice.

[Stu from NYC]

Originally Posted by dewilson58

Over 4,000 employees in the Dept of Ed is just amazing.

I saw the number some where......$17,000 per student.

Remarkable we have dept of Ed and quality of education for our children keeps going downhill. at some point folks should wake up and notice something very wrong

[Pballer]

Originally Posted by manaboutown

Well, I am waiting to see if all of the gold supposed to be stored in Ft. Knox is actually physically there. If it is I will continue to sleep well. Meanwhile I am not keeping all my eggs in one basket and my current source of them secret.

The value of the gold in Fort Knox is only 1%-2% the value of the national debt. It is meaningless.