• Krugminator2's Avatar
    Yesterday, 09:38 PM
    This feels a lot like housing leading up to 2008. The idea that everyone should get into a house or go to college, backed up with government loans drives prices up. I am sure people can avoid the high costs with community college, just like no one forced people into adjustable rate mortgages. But when enough people ignore caution, it means that the taxpayer is going to get stuck with the bill. If Pocahontas gets elected president, things are going to get a lot worse. http://money.cnn.com/2017/05/12/pf/college/elizabeth-warren-student-debt-umass-commencement/index.html
    15 replies | 208 view(s)
  • Krugminator2's Avatar
    02-16-2018, 02:56 PM
    Schiff has all of the worst characteristics of market losers. 1. He makes fundamental macro predictions that are unknowable then he trades his clients money on them. 2. He is extremely confident in his opinions and then won't change them when he is proven wrong 3. I heard him say he lost money 2008 because the market didn't know what was right. He said gold and these random currencies should have gone up but people were too stupid to understand it. 4. He goes against 1 million percent a century gains that equities holders experience. It never pays to be a long term bear. It is funny that Warren Buffett has no idea what will happen with interest rates. Yet somehow Peter Schiff is certain of what will happen. Which begs the question, why does Peter have the shittiest money management record in history if he is such a bond genius?
    25 replies | 348 view(s)
  • Krugminator2's Avatar
    02-15-2018, 03:24 PM
    That decision obviously makes zero sense. I am in favor of putting the judge in prison. A better question is should people be allowed to maintain their property however they want, even if it lowers the value of properties around it? Should this graffiti mess be allowed on a building in downtown Manhattan even if it is an eyesore? Likewise with people who maintain there yard poorly in a subdivision. A property owner isn't violating anyone else's property rights. But they are imposing a cost on other people.
    17 replies | 283 view(s)
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    02-14-2018, 09:48 PM
    Kind of a crazy video. 963426233563435009 I understand the economic argument. Most people today wouldn't have a skill set that would have worked for jobs in 1918. Change is good for growth. It does seem problematic that government schools don't teach people how adapt to technological change. When 40% of current jobs are eliminated in the next 20 years, I am not optimistic about the ability for people to cope.
    49 replies | 657 view(s)
  • Krugminator2's Avatar
    02-13-2018, 09:38 PM
    I don't blame Trump. Ron's coalition called the liberty movement was never going to hold. Most people just had a pet issue like wanting to do something about Monsanto putting fluoride in vaccines. It was never Trump or Rand's fault. Small government is just not popular among any group. It isn't popular among conservatives. You have Limbaugh talking about how the debt is no big deal. https://hotair.com/archives/2018/02/08/rush-gop-budget-just-dont-worry-much-national-debt-anymore/ I see people talking about how this spending resolution will pay for itself with growth from conservatives. (LOL WUT?) Even libertarians are not really small government people. Most libertarian sites haven't covered this spending bill and the brief shutdown. The Bleeding Heart people seem to be concerned with getting legal pot to illegal immigrants. Rockwell seems preoccupied with immigrants raping white people.
    34 replies | 585 view(s)
  • Krugminator2's Avatar
    02-12-2018, 09:41 PM
    My chart of spending from the OECD shows otherwise. The United States spends roughly the same per person as the UK. That should encourage you. With enough persistence and dedication, you can live off the US government. It won't be easy. Aim high. There is a government check waiting for you here.
    64 replies | 356 view(s)
  • Krugminator2's Avatar
    02-12-2018, 09:17 PM
    What does a country costing a lot have to do with debt? The United States has higher debt levels than the Scandavian countries now. You can have high debt and small government and a balanced budget and big government. Speaking of welfare spending, why does Britain hate poor people so much?
    64 replies | 356 view(s)
  • Krugminator2's Avatar
    02-10-2018, 03:45 PM
    If I had to guess, I would bet it has something to do with dividends being an inefficient way of giving money back to paying shareholders. Berkshire Hathaway has never paid a dividend but does aggressively buyback shares when they think it is appropriate. https://www.investopedia.com/ask/answers/021615/why-doesnt-berkshire-hathaway-pay-dividend.asp And left unquestioned is why workers should get a high percentage of a corporate tax cut. If you cut corporate taxes, the taxes still get paid in a different form. Either the company pays a dividend, reinvests in some form (including buybacks) for capital gains, or pays workers more. All three of those things are taxable. Workers are still getting more than they otherwise would have with the tax cut.
    10 replies | 294 view(s)
  • Krugminator2's Avatar
    02-10-2018, 03:25 PM
    Your article says it though and you thought it important enough to bold it. Share buybacks do increase earnings and share price but the paper I posted says it is greatly exaggerated.
    10 replies | 294 view(s)
  • Krugminator2's Avatar
    02-10-2018, 02:12 PM
    Oh good, another myth to dismantle https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3082460 Warren Buffett endorses share buybacks https://www.ft.com/content/0a9bda54-fb60-11e6-96f8-3700c5664d30
    10 replies | 294 view(s)
  • Krugminator2's Avatar
    02-10-2018, 01:21 PM
    The Senate was controlled by Harry Reid. The House voted overwhelmingly to extend the Bush tax cuts. http://thehill.com/blogs/floor-action/house/241679-house-votes-to-extend-all-bush-era-tax-levels https://www.huffingtonpost.com/2012/07/09/bush-tax-cuts-extension-obama_n_1659755.html
    34 replies | 484 view(s)
  • Krugminator2's Avatar
    02-10-2018, 01:15 PM
    That was a Democratic Congress in 2010. So to confirm. Obama is responsible for the tax hike in 2013. The top rate did go from 35 to 39.6% and government took in more revenue. Those were substantial hikes under Obama. The NIIT is 3.8% over 200k and you had a 4.6% hike over 400k.
    34 replies | 484 view(s)
  • Krugminator2's Avatar
    02-10-2018, 01:03 PM
    That's true. The Republicans do deserve 99% of the credit for the Sequester. But President Obama could have vetoed it but he didn't because he thought it would never come into fruition. He did not believe Republicans would allow an across the board cut, which fell heavily on military bases, to happen. It did. So I raised his letter grade up one pip to D-. Obama vetoed an extension of the Bush tax cuts or they somehow sunset. You think the Republican Congress wanted to raise taxes? They weren't permanent, so of course he is to blame for that tax hike. The NIIT was part of Obamacare. It literally has his name in the title. OBAMAcare. I feel like he bares the responsibility for that tax hike. He did sign it into law. And the regulatory agencies that increased regulations were his appointees. He wanted those increase in regulations just Trump gets the credit for the cuts in regulation.
    34 replies | 484 view(s)
  • Krugminator2's Avatar
    02-10-2018, 12:21 PM
    Obama was terrible for the economy. The recession ended in March of 2009 right after he took office and economic growth was slower under Obama than any post WWII President. Steep downturns should lead to steep recoveries. It didn't happen. Obama's increased taxes (like the Medicare NIIT tax and raising the top rate) and his out of control regulatory agencies harmed the economy. Increased tax and regulation are the last thing you do in an economic downturn. Obama gets a D- on the economy. I give him a D- and not an F because the Sequester happened by accident under his Presidency. Name one policy that he did that was helpful for economic growth. What? Cash for Clunkers? That goofy homeowners credit?
    34 replies | 484 view(s)
  • Krugminator2's Avatar
    02-09-2018, 04:14 PM
    Challenge accepted. Democrats controlled the House, Senate and Presidency in 2009. It lead to the bailout of GM, the stimulus with boondoggles like Cash for Clunkers, Dodd-Frank, that regulatory agency Mick Mulvaney is dismantling right now, Obamacare, and the nomination of two judges who hate the Constitution, more than any Republican nominations, to the Supreme Court..
    64 replies | 2020 view(s)
  • Krugminator2's Avatar
    02-09-2018, 07:52 AM
    No. This is nothing. 10 or 15% corrections happen almost every year. This past year was an anomaly. The rates on 10 yr treasuries have gone up. That is certainly a sign of optimism for the economy and is historically good for markets. http://www.businessinsider.com/heres-what-the-yield-curve-is-signaling-2018-2 This guy has made more money for investors than any hedge fund manager in history. https://www.marketwatch.com/story/ray-dalio-cash-on-the-sidelines-will-pour-in-to-stem-the-bleeding-in-this-market-2018-02-05 https://www.cnbc.com/2018/01/23/ray-dalio-says-market-surge-may-be-ahead-if-youre-holding-cash-youre-going-to-feel-pretty-stupid.html
    21 replies | 597 view(s)
  • Krugminator2's Avatar
    02-08-2018, 05:08 PM
    Krugminator2 replied to a thread Stocks: Market Crash Looming in Economy & Markets
    I hope Rand causes a huge gap down tomorrow by shutting down the government.
    3017 replies | 373671 view(s)
  • Krugminator2's Avatar
    02-08-2018, 07:57 AM
    That's correct. Is that really controversial? I don't seem to recall any recent beheadings in the Rose Bowl for drinking alcohol on Sunday. Maybe Mike Huckabee led one and I missed it? I am a big believer in looking at the empirical evidence. I haven't seen a persuasive case that Sweden, Germany, and the UK are better off with increased Muslim immigration. In fact, the evidence is those Muslims do not assimilate and it is has been a disaster. The unemployment among Muslim refugees is over 50% ten years after immigrating to Sweden.
    80 replies | 1264 view(s)
  • Krugminator2's Avatar
    02-07-2018, 11:23 PM
    American culture is rooted in classical liberalism. Anyone obviously hostile to those values doesn't need to be an American. For example, there are many countries where a majority of the population thinks honor killings are an acceptable practice. I happen to disagree. It doesn't seem to be a huge infringement of liberty to give extra scrutiny to countries where that kind of view predominates. No. And it goes without any need for an explanation.
    80 replies | 1264 view(s)
  • Krugminator2's Avatar
    02-07-2018, 09:37 PM
    I don't see why this controversial. Culture should be considered. For example, I see no reason to allow someone who believes Sharia Law should be the law of the land to be allowed to immigrate to the US. Radical Islam is incompatible with liberalism. Ludwig von Mises and Thomas Sowell certainly didn't see this as a great violation of classical liberalism.
    80 replies | 1264 view(s)
  • Krugminator2's Avatar
    02-07-2018, 05:18 PM
    Krugminator2 replied to a thread Stocks: Market Crash Looming in Economy & Markets
    3017 replies | 373671 view(s)
  • Krugminator2's Avatar
    02-06-2018, 07:14 PM
    It isn't that there are more gay people that is the problem. And it isn't that people say they are gay. Those are not an issue at all. The issue is there are a lot of people who act like Perez Hilton. Notice Don Lemon, Anderson Cooper, and Shep Smith are gay. For some reason they are able to act normal. Something seems to have changed for the worse where people feel the need to be very flamboyant and speak in a way that is not natural.
    18 replies | 338 view(s)
  • Krugminator2's Avatar
    02-06-2018, 04:04 PM
    I am toward the tail end of being a millennial. But it seems to me people even just 10 years younger than I am have gotten a lot gayer. I just don't remember the amount of people who act this gay existing a few years back. It seems like every fast food place and every gas station has people working there who act incredibly gay. I don't know that this has anything to do with the original post. But it is very bizarre. I suspect it more has to do with what is socially acceptable and perhaps the area I live. It really is obnoxious.
    18 replies | 338 view(s)
  • Krugminator2's Avatar
    02-05-2018, 04:42 PM
    Krugminator2 replied to a thread Stocks: Market Crash Looming in Economy & Markets
    Everyone else is noticing. I have seen this kind of hysteria since 2015 when CNBC had their Markets in Turmoil program. Front page of Fox News "Historic Plunge" "Market Meltdown" on CNN "How will Trump deal with the drop" on MSNBC This bull market isn't over. Tomorrow morning will be a good opportunity to buy. Bull Markets don't end on this kind of fear.
    3017 replies | 373671 view(s)
  • Krugminator2's Avatar
    02-05-2018, 04:05 PM
    Krugminator2 replied to a thread Stocks: Market Crash Looming in Economy & Markets
    I was too optimistic too quickly. A gap down tomorrow would be a gift from the gods for someone sitting on cash. The VIX has only been this high once in the last 5 years. And this is sharpest spike. Buying this kind of fear tends to be a good bet.
    3017 replies | 373671 view(s)
  • Krugminator2's Avatar
    02-05-2018, 01:52 PM
    I am scaling in. Bought a 1/4 position at 7k and another at 6700 and will do 6400 and 6k if those get hit.
    797 replies | 25971 view(s)
  • Krugminator2's Avatar
    02-05-2018, 07:57 AM
    Krugminator2 replied to a thread Stocks: Market Crash Looming in Economy & Markets
    Not very likely. Markets always give plenty of warning before something like that happens. Markets usually churn sideways and put in lower highs. Buying an AM panic and holding for the first up close vs the previous day prints money. For example, there are a lot of variations of this but the basic idea of buying greater than usual weakness within an uptrend and selling into short term strength tests very well.
    3017 replies | 373671 view(s)
  • Krugminator2's Avatar
    02-04-2018, 04:38 PM
    959233933522165761 Only posting this because I think it is funny.
    797 replies | 25971 view(s)
  • Krugminator2's Avatar
    02-03-2018, 02:57 PM
    Krugminator2 replied to a thread Stocks: Market Crash Looming in Economy & Markets
    Absolutely none of that stuff is relevant to anything. It played no role in the market dropping. Not even a little bit. Every time the market has a big move up or down in a day, Yahoo Finance, Bloomberg, CNBC, etc always come up with a rationalization. They are never correct. It is financial news porn. Here is a correct headline. "Market up a Zillion Percent Reaching most Overbought condition in History. Profit Taking Causes Pullback."
    3017 replies | 373671 view(s)
  • Krugminator2's Avatar
    02-01-2018, 06:39 PM
    I just went over to Reason.com for the first time in a long time. FIVE articles about immigration on the front page. Seems like the lesson from Ron Paul getting votes would be to not focus on the most divisive issues within libertarianism
    63 replies | 1590 view(s)
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