Disqus - Latest Comments for tony61

Re: CNN Jim Acosta Mocks David Urban On Trump - Project 2025

TI61 — Thu, 21 Nov 2024 01:58:28 -0000

Isnt that the Noah's Arcade guy from Wayne's World? He's done well for himself.

Re: The Dark World of
Rapture Fiction

TI61 — Fri, 05 Nov 2021 01:03:13 -0000

Bernstein's book sort of discusses how eschatological nightmares are present in human history; it's like a brain worm (my term) that humans possess. Yes, we are obsessed with end-times and humans create all these fictional narratives that infect large groups of followers. The "understandings of biblical texts" are just specific examples of such narrative; there are others in almost all cultures. Bernstein talks a little bit about the social adaptation to believe stories that is selected out in human population so that we have survived in complex environments. We have to pass down stories to learn how to build fires, hunt elk and avoid poisonous plants, so we are adapted to believe all kinds of stuff. The extreme offshoot of that adaptation is that sometimes human populations will believe odd stuff, too.

Re: Why gyrations? Hint: They’re part of a “strategy.” Here’s how to profitably ride them. More reasons to be optimistic.

TI61 — Mon, 10 Jun 2019 15:25:21 -0000

Great insights, Harry. Toyota has always been good for us. Bland but reliable, and cheap to maintain. One observation on the market: Long-term Treasurys (TLT) and Gold (GLD) have outperformed the Nasdaq over the last year. PEs are still high. Not sure what that means.

Re: Reasons to get thoroughly depressed.

TI61 — Tue, 04 Jun 2019 11:37:23 -0000

Trade war or trade "negotiation"? Ha. The tariffs will trash the Mexican economy, more immigrants come over the border, which makes the case for Trump's $200B wall. It's his version of game theory. I imagine Donald and Stephen Miller sketching this all out on a cocktail napkin. Protect your money. Sell the rips.

Re: China Releases Photos of First Mission to Land on Dark Side of the Moon

TI61 — Thu, 03 Jan 2019 11:52:15 -0000

Looks like low tide in Kowloon Bay. Just sayin.

Re: Did Bre Payton Die From the Flu Vaccine?

TI61 — Thu, 03 Jan 2019 10:18:34 -0000

This headline is irresponsible. Of course she didn't die from the vaccine. C'mon, man.

Re: One recommendation — but not mine. Someone far more intelligent.

TI61 — Tue, 10 Jul 2018 03:17:23 -0000

Harry, I was wondering if you've had any experience or opinion of peer-to-peer lending sites like Peer Street. Short term loans, first leins, usually a year, 6-8% interest. Any thoughts?

Re: One recommendation — but not mine. Someone far more intelligent.

TI61 — Tue, 10 Jul 2018 03:07:58 -0000

Two ways to play the biotechs: SBIO and CNCR, both ETFs with smaller companies that are acquisition candidates. That's where the opportunities are as bigger companies look for new products and patents. I have a small position in SBIO-- less risk than betting on one company.

Re: Eyeing (and rejecting) opportunities. Good rule: Don’t touch 99% of what you see.

TI61 — Thu, 05 Oct 2017 22:17:48 -0000

Oops, sorry if it's inappropriate. (I thought I was agreeing with you.) I will delete at your discretion.

Re: Eyeing (and rejecting) opportunities. Good rule: Don’t touch 99% of what you see.

TI61 — Thu, 05 Oct 2017 20:36:57 -0000

Good rule, Harry. A corrollary of Sturgeon's Law. https://uploads.disquscdn.c...

Re: The Trump Bump looks over, for now. Now comes tax reform. And FNMA, maybe.

TI61 — Mon, 27 Mar 2017 14:27:39 -0000

Subprime automobile loans look bad. This could have some macro implications. https://www.bloomberg.com/n...

Re: “Experts” can be listened to, but not necessarily believed. Here’s how Steve Bannon developed his economic views. And a video clip of “Nobody does better than Donald Trump&#...

TI61 — Sat, 18 Mar 2017 03:36:52 -0000

Trump is a "self-made billionaire." LOLLL!! That's the funniest thing I've heard all week. Great column today, Harry.

Re: Sticking my neck out to Russia, Ukraine and Baku. When will all this affect us?

TI61 — Sat, 11 Mar 2017 12:05:04 -0000

Could not agree more with your thesis, Harry. Something is rotten in Denmark. The fourth estate will flush out the details. Remember, Watergate took over a year to figure out.

Re: Cavuto: CNN Now Know What It Feels Like To Be FOX News; "They Say Payback's A Bitch"

TI61 — Fri, 13 Jan 2017 03:00:56 -0000

Note how Cavuto has no clip of Pres Obama refusing a question from a Fox reporter. Because there is none. Trump is a despot who disrespects the fourth estate.

Re: The biggest skill to learn in investing

TI61 — Thu, 05 Jan 2017 15:06:01 -0000

Harry, I'm wondering your opinion of Twitter and if some buy-out might improve their ability to monetize. The platform is so popular and easy to use, isn't it odd that they can't make money??

Re: Two things to do now

TI61 — Tue, 01 Nov 2016 12:37:06 -0000

I'm sure Peter Thiel is a smart guy but he seems to be too optimistic that Trump has solutions that will work. Trump has advocated "bombing the sh*t out of ISIS", not exactly a low cost anti-war stance. Also I don't know of anything Trump has proffered to address income or wealth inequality. Setting up trade barriers seems to be counter productive. Thiel seems to be projecting values into Trump that just aren't there. And comparing Trump to Reagan is the ultimate delusion.

Re: Earnings season begins, weak. Are we going to war with Russia?

TI61 — Wed, 12 Oct 2016 14:44:50 -0000

You can still use your Samsung Note 7. Just don't turn it on. #PaperWeight

Re: Two Kalamazoo Teenagers Killed; Police Respond To Help, Then People Accuse Them Of Shooting

TI61 — Tue, 06 Sep 2016 13:56:23 -0000

"...facts have never mattered much..."? Seriously? Never? A few knuckleheads on Twitter is the entire BLM movement? <smh>

Re: Down now, then up. That’s the prediction for this year.

TI61 — Fri, 20 May 2016 14:28:48 -0000

If you're looking for a pattern to make $0.20, pay attention to the robots selling [almost] every afternoon. Algorithms.

Re: Yes, the American Economy Is in a Funk — But Not for the Reasons You Think

TI61 — Mon, 09 May 2016 10:41:42 -0000

Bailouts and low interests are not really "keynesian" in the sense of the 1930's. Massive infrastructure spending would fit the bill.

Re: The Temptation to Time

TI61 — Mon, 09 May 2016 10:33:36 -0000

The problem I see with low volatility etfs is that the stocks within the etfs being run up often now have high PEs: PG and KO at 27, GIS at 25, for example. The SPLV etf itself has a PE above market avg: 20.

Re: Yes, the American Economy Is in a Funk — But Not for the Reasons You Think

TI61 — Fri, 25 Mar 2016 15:02:54 -0000

Yeah, I see your point about Keynesianism, although I'd argue that we haven't really tried it after the 2008 recession. Even in the 1930's, Keynesian mechanics didn't really kick in until the massive war spending in the 1940's...and we had huge economic growth thereafter.

One point Gordon made in the podcast is that there are three major drags on economic growth: aging population and wealth inequality are the two I can remember off the top of my head-- I can't remember the third one. Much of our future will be determined by how we manage wealth inequality (and secondarily, income inequality). Japan does not have that problem to the extent we have it here.

(Ok, the third drag was a flattening of worker productivity and also the suboptimal entitlements funding. Obviously, the issues could be resolved by re-distributing the wealth inequality to fund entitlements, but good luck doing that in the current political climate.)

Re: Yes, the American Economy Is in a Funk — But Not for the Reasons You Think

TI61 — Fri, 25 Mar 2016 14:58:35 -0000

It was subsistence farming and a tiny merchant economy.

Re: The New Cloud and the Hundred Dollar Bill Store

TI61 — Sat, 27 Feb 2016 00:03:26 -0000

Nobody is "blaming" anyone, but the fact is that wealth is not created by individuals alone but rather as a function of society's laws, institutions and practices. Show me a wealthy businessman and I'll point out that the value of his/her business had many contributions: an educated workforce, rule of law, enforcement of laws, roads, markets for his/her products, etc. As a society we have to recognize that as worker productivity increases the benefits should be enjoyed by all of us and not just the financial elite.

Re: The New Cloud and the Hundred Dollar Bill Store

TI61 — Fri, 26 Feb 2016 12:50:06 -0000

Good post today, Harry. Your stock choices VZ, T and ED as a group are reasonable dividend payers, too! Certainly yielding more than inflation. I like Josh Brown and he might be correct that a recession is overdue-- the world's central bankers seem to have de facto outlawed recessions-- but Josh had me when he called currency traders "necessary." Ha!

The US needs to figure how to allocate all this abundance. Wealth inequality does seem to be putting stress on the long term ability of our economy to work for everyone. The obvious answer is to tax wealth (not income necessarily), but nobody wants to actually do it; even Bernie keeps talking about funding everything with a payroll tax while guys like Mitt Romney have $100 million in their IRA's, a program set up for wage earners. WTF? It seems a lot like the 1920's, but what do I know?

Good use of the Bible, too. Thanks, Harry.

Disqus - Latest Comments for tony61

Re: CNN Jim Acosta Mocks David Urban On Trump - Project 2025

Re: The Dark World of Rapture Fiction

Re: Why gyrations? Hint: They’re part of a “strategy.” Here’s how to profitably ride them. More reasons to be optimistic.

Re: Reasons to get thoroughly depressed.

Re: China Releases Photos of First Mission to Land on Dark Side of the Moon

Re: Did Bre Payton Die From the Flu Vaccine?

Re: One recommendation — but not mine. Someone far more intelligent.

Re: One recommendation — but not mine. Someone far more intelligent.

Re: Eyeing (and rejecting) opportunities. Good rule: Don’t touch 99% of what you see.

Re: Eyeing (and rejecting) opportunities. Good rule: Don’t touch 99% of what you see.

Re: The Trump Bump looks over, for now. Now comes tax reform. And FNMA, maybe.

Re: “Experts” can be listened to, but not necessarily believed. Here’s how Steve Bannon developed his economic views. And a video clip of “Nobody does better than Donald Trump&#...

Re: Sticking my neck out to Russia, Ukraine and Baku. When will all this affect us?

Re: Cavuto: CNN Now Know What It Feels Like To Be FOX News; "They Say Payback's A Bitch"

Re: The biggest skill to learn in investing

Re: Two things to do now

Re: Earnings season begins, weak. Are we going to war with Russia?

Re: Two Kalamazoo Teenagers Killed; Police Respond To Help, Then People Accuse Them Of Shooting

Re: Down now, then up. That’s the prediction for this year.

Re: Yes, the American Economy Is in a Funk — But Not for the Reasons You Think

Re: The Temptation to Time

Re: Yes, the American Economy Is in a Funk — But Not for the Reasons You Think

Re: Yes, the American Economy Is in a Funk — But Not for the Reasons You Think

Re: The New Cloud and the Hundred Dollar Bill Store

Re: The New Cloud and the Hundred Dollar Bill Store

Re: The Dark World of
Rapture Fiction