Search found 5214 matches

by bobcat2
Mon Jan 14, 2019 4:04 pm
Forum: Personal Consumer Issues
Topic: [Peter Jackson’s “They shall not grow old” - now showing Jan 21]
Replies: 52
Views: 6594

Re: [Peter Jackson’s “They shall not grow old” - now showing Jan 21]

I could be wrong about this, but now that the movie is in standard release I believe the pre movie introduction by Peter Jackson and the post movie featurette by Jackson are no longer shown with the film. :(

BobK
by bobcat2
Mon Jan 14, 2019 2:32 pm
Forum: Local Chapters and Bogleheads Community
Topic: Master thread for Washington DC Area Bogleheads
Replies: 151
Views: 46134

Re: Master thread for Washington DC Area Bogleheads

The next meeting of DC Bogleheads will be this coming Sunday, January 20, from 2:30-4:30 in meeting room #2 of the Silver Spring library. David Grabiner will be making a presentation on charitable giving and I will be giving a short presentation on one of my favorite reports about the personal finan...
by bobcat2
Fri Jan 04, 2019 11:59 pm
Forum: Investing - Theory, News & General
Topic: US Stock Market Returns in the 21st Century
Replies: 92
Views: 4356

Re: US Stock Market Returns in the 21st Century

Stock investing has not produced very good returns over the last 20 years. This is incorrect (or at the very least, misleading). I invested almost all my money over the last 20 years and have excellent returns. Because I invested my money over ALL the last 20 years, and not just the one year 20 yea...
by bobcat2
Fri Jan 04, 2019 5:35 pm
Forum: Investing - Theory, News & General
Topic: US Stock Market Returns in the 21st Century
Replies: 92
Views: 4356

Re: US Stock Market Returns in the 21st Century

Had I wanted to cherry pick recent return data to show really bad results, I would have picked real US stock returns for the 9 year period from early March 2000 to early March 2009. Real stock market return for nine years (March 2000 through March 2009) annual average return -8.4% cumulative return ...
by bobcat2
Fri Jan 04, 2019 2:45 pm
Forum: Investing - Theory, News & General
Topic: US Stock Market Returns in the 21st Century
Replies: 92
Views: 4356

Re: US Stock Market Returns in the 21st Century

TheTimeLord wrote:
Fri Jan 04, 2019 2:37 pm
If you pick 1/3/2001 as a starting point you get 4.22% or 1/4/1999 you get 3.773%.
So if you start in 1/3/2001 US stocks would have under performed US Treasuries over the last 18 years by only about .5% per year.

BobK
by bobcat2
Fri Jan 04, 2019 2:40 pm
Forum: Investing - Theory, News & General
Topic: US Stock Market Returns in the 21st Century
Replies: 92
Views: 4356

Re: US Stock Market Returns in the 21st Century

The first 19 years of the 21 st century are now history. Here are the real average annual returns for the US stock market over those 19 years. A period which includes a nine year bull market as well as two market crashes. US stock market annual average real returns from 12/31/99 through 12/31/2018....
by bobcat2
Fri Jan 04, 2019 2:36 pm
Forum: Investing - Theory, News & General
Topic: US Stock Market Returns in the 21st Century
Replies: 92
Views: 4356

Re: US Stock Market Returns in the 21st Century

Thesaints wrote. What about high-yeld, or Chinese stocks? I mean, you picket (sic) LT treasuries. What’s the meaning of your choice, other than you chose ex-post ? I don't have Chinese stock market data for the last 19 years. However, from the "Triumph of the Optimists" authors I do have the data fo...
by bobcat2
Fri Jan 04, 2019 2:05 pm
Forum: Investing - Theory, News & General
Topic: US Stock Market Returns in the 21st Century
Replies: 92
Views: 4356

Re: US Stock Market Returns in the 21st Century

As for the LT Treasuries better return, I bet you can find several other investments that outperformed a yearly 3.8% Well neither US stocks nor international stocks outperformed 3.8% over the last 20 years. I’m still unsure as what the message is... Stock investing has not produced very good return...
by bobcat2
Fri Jan 04, 2019 1:46 pm
Forum: Investing - Theory, News & General
Topic: US Stock Market Returns in the 21st Century
Replies: 92
Views: 4356

Re: US Stock Market Returns in the 21st Century

It is a rather useless definition of “return in a century” that which changes substantially whether one starts calculating one year earlier, or one year later... So let's calculate one year earlier and get a 20 year return through the end of last year. The year 1999 was a great year for US stocks. ...
by bobcat2
Fri Jan 04, 2019 1:32 pm
Forum: Investing - Theory, News & General
Topic: US Stock Market Returns in the 21st Century
Replies: 92
Views: 4356

Re: US Stock Market Returns in the 21st Century

I'm sure this conversation has be had countless times, but how many of you dumped your millions into the US equities market exactly on the last trading day of 1999? Exactly during the time the market was at its peak? This is why even the "90's Japan" argument doesn't make sense to me. The market wa...
by bobcat2
Fri Jan 04, 2019 12:37 pm
Forum: Investing - Theory, News & General
Topic: US Stock Market Returns in the 21st Century
Replies: 92
Views: 4356

Re: US Stock Market Returns in the 21st Century

PaulF wrote:
Fri Jan 04, 2019 12:31 pm
Why do you think that the year 2000 belongs to the 21st century?
OK. So returns on US stock market for the 19 years since the nineteen hundreds. :D

BobK
by bobcat2
Fri Jan 04, 2019 12:12 pm
Forum: Investing - Theory, News & General
Topic: US Stock Market Returns in the 21st Century
Replies: 92
Views: 4356

Re: US Stock Market Returns in the 21st Century

Thanks for posting this. It would be nice to see real returns for Internatinal Markets and Bonds alongside this information to give a full picture. From the Triumph of the Optimists researchers we do have the data from last year's update report for the US, which covers the 18 years from 12/1999 thr...
by bobcat2
Fri Jan 04, 2019 11:37 am
Forum: Investing - Theory, News & General
Topic: US Stock Market Returns in the 21st Century
Replies: 92
Views: 4356

US Stock Market Returns in the 21st Century

The first 19 years of the 21 st century are now history. Here are the real average annual returns for the US stock market over those 19 years. A period which includes a nine year bull market as well as two market crashes. US stock market annual average real returns from 12/31/99 through 12/31/2018....
by bobcat2
Mon Dec 24, 2018 11:07 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4043
Views: 1101002

Re: What Movie Have You Recently Watched?

Vice - Lots of talent went into making this dramedy about Dick Cheney and the Iraq war. How the end product could end up being this disjointed and boring is hard to fathom. And this despite Christian Bale being an excellent Dick Cheney (the physical transformation is amazing) and Amy Adams being a ...
by bobcat2
Sat Dec 22, 2018 11:25 am
Forum: Personal Consumer Issues
Topic: [Peter Jackson’s “They shall not grow old” - now showing Jan 21]
Replies: 52
Views: 6594

Re: Impressive film in theater Dec 17 and 27 only

The song over the closing credits is the perfect blend of wry humor and cynicism. I've talked my wife into seeing it so I'll be going to see it a second time.

BobK
by bobcat2
Mon Dec 17, 2018 8:31 pm
Forum: Personal Consumer Issues
Topic: [Peter Jackson’s “They shall not grow old” - now showing Jan 21]
Replies: 52
Views: 6594

Re: Impressive film in theater Dec 17 and 27 only

The power of this film is somewhat diminished by budget and time constraints, as well as the lack of WWI actual battle footage. But in spite of those limitations it is a marvelous one of a kind film. Documentaries in the past have not been like this. Documentaries in the future will likely be a lot ...
by bobcat2
Wed Dec 12, 2018 10:39 pm
Forum: Local Chapters and Bogleheads Community
Topic: December 9 DC Bogleheads Meeting with Stephen Goss, Chief Actuary of Soc Security
Replies: 28
Views: 3503

Re: December 9 DC Bogleheads Meeting with Stephen Goss, Chief Actuary of Soc Security

One thing that Steve Goss pointed out in his presentation that I had not previously realized was the following. If the Social Security COLA benefit adjustment is shifted to a chained CPI index with a likely slightly lower average annual inflation adjustment, the cost savings of this change falls nea...
by bobcat2
Mon Dec 10, 2018 2:18 pm
Forum: Local Chapters and Bogleheads Community
Topic: December 9 DC Bogleheads Meeting with Stephen Goss, Chief Actuary of Soc Security
Replies: 28
Views: 3503

Re: December 9 DC Bogleheads Meeting with Stephen Goss, Chief Actuary of Soc Security

The presentation made by Steve Goss yesterday to DC Bogleheads are the same slides used in the Goss & Glenn presentation to the Society of Actuaries on October 15 and titled, "Social Security Financial Status and Proposed Changes". A link to those slides, and many other presentations on the Social S...
by bobcat2
Sat Dec 08, 2018 7:22 pm
Forum: Local Chapters and Bogleheads Community
Topic: December 9 DC Bogleheads Meeting with Stephen Goss, Chief Actuary of Soc Security
Replies: 28
Views: 3503

Re: December 9 DC Bogleheads Meeting with Stephen Goss, Chief Actuary of Soc Security

Some of us will be going out to dinner in the Ballston area after the presentation and all are welcome to join us.

BobK
by bobcat2
Sat Dec 08, 2018 9:40 am
Forum: Local Chapters and Bogleheads Community
Topic: December 9 DC Bogleheads Meeting with Stephen Goss, Chief Actuary of Soc Security
Replies: 28
Views: 3503

Re: December 9 DC Bogleheads Meeting with Stephen Goss, Chief Actuary of Soc Security

I've seen a preliminary version of the slides for the presentation and they appear very informative. It will up to Stephen as to whether the slides can be uploaded to Bogleheads after the meeting. The slides will not be uploaded before the meeting. If you don't mind asking him would be much appreci...
by bobcat2
Thu Dec 06, 2018 8:20 pm
Forum: Local Chapters and Bogleheads Community
Topic: December 9 DC Bogleheads Meeting with Stephen Goss, Chief Actuary of Soc Security
Replies: 28
Views: 3503

Re: Special DC Bogleheads Meeting with Steve Goss, Chief Actuary of Soc Security

Because this meeting is of general interest, I've teamed with Alexandra Fox of the Arlington Public Library to open the meeting to the general public. There should still be plenty of room for all, since the auditorium can seat 180 people. So feel free to invite friends, neighbors, and relatives who ...
by bobcat2
Wed Dec 05, 2018 9:50 am
Forum: Local Chapters and Bogleheads Community
Topic: December 9 DC Bogleheads Meeting with Stephen Goss, Chief Actuary of Soc Security
Replies: 28
Views: 3503

Re: Special DC Bogleheads Meeting with Steve Goss, Chief Actuary of Soc Security

The next meeting of DC Bogleheads will be Sunday, December 9, from 2:30-4:30 in the auditorium of the Arlington Central library in Ballston. Our special guest speaker will be Stephen C. Goss, the Chief Actuary of Social Security. The topic of his presentation is, The Financial Status of Social Secur...
by bobcat2
Sat Dec 01, 2018 12:02 pm
Forum: Investing - Theory, News & General
Topic: [Understanding volatility in ultrashort bond funds]
Replies: 51
Views: 5676

Re: Ultrashort bond funds in freefall

nisiprius wrote:
Fri Nov 30, 2018 2:46 pm
VUBFX, the Vanguard ultrashort bond fund ... . It has an average effective duration that's about the same as the average effective maturity...

Image


I'm curious. How does VUBFX have duration longer than maturity?

BobK
by bobcat2
Fri Nov 30, 2018 9:40 pm
Forum: Local Chapters and Bogleheads Community
Topic: Master thread for Washington DC Area Bogleheads
Replies: 151
Views: 46134

Re: Master thread for Washington DC Area Bogleheads

The next meeting of DC Bogleheads will be Sunday, December 9, from 2:30-4:30 in the auditorium of the Arlington Central library in Ballston. Our special guest speaker will be Stephen C. Goss, the Chief Actuary of Social Security. The topic of his presentation is, The Financial Status of Social Secur...
by bobcat2
Mon Nov 26, 2018 10:16 pm
Forum: Local Chapters and Bogleheads Community
Topic: December 9 DC Bogleheads Meeting with Stephen Goss, Chief Actuary of Soc Security
Replies: 28
Views: 3503

Re: Special DC Bogleheads Meeting with Steve Goss, Chief Actuary of Soc Security

I'm only early 40's, but would just LOVE to hear that presentation. Any chance it can be uploaded somehow so others on here can look over the presentation? I've seen a preliminary version of the slides for the presentation and they appear very informative. It will up to Steve as to whether the slid...
by bobcat2
Mon Nov 26, 2018 2:26 pm
Forum: Local Chapters and Bogleheads Community
Topic: December 9 DC Bogleheads Meeting with Stephen Goss, Chief Actuary of Soc Security
Replies: 28
Views: 3503

Re: Special DC Bogleheads Meeting with Steve Goss, Chief Actuary of Soc Security

Are guest Bogleheads allowed to attend? I attend the South Florida chapter but would love to hear this speaker, and since my daughter lives in the area I can combine bogleheads business with family pleasure, or vice versa :D Hi pennywise, All meetings in the Arlington library are open to the genera...
by bobcat2
Thu Nov 22, 2018 8:58 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4043
Views: 1101002

Re: What Movie Have You Recently Watched?

The Front Runner and Green Book. Green Book seemed very good until the last 20 minutes. At that point it became super saccharine and predictable. It seems someone at the studio wanted with certainty a crowd pleasing happy ending. They got it. The Front Runner doesn’t have good answers, but it raises...
by bobcat2
Mon Nov 19, 2018 6:21 pm
Forum: Local Chapters and Bogleheads Community
Topic: Master thread for Washington DC Area Bogleheads
Replies: 151
Views: 46134

Re: Master thread for Washington DC Area Bogleheads

Just thought I'd check in to see what condition my condition was in. Well not exactly but I did want to find out if there's going to be a meeting in the near future. Its been a couple of months since the last meeting at the Arlington County Library so I'm wondering if there've been any developments...
by bobcat2
Tue Nov 13, 2018 2:36 pm
Forum: Personal Consumer Issues
Topic: Recommend Chrome ad-blocker
Replies: 66
Views: 4516

Re: Recommend Chrome ad-blocker

When it comes to privacy extensions in addition to uBlock Origin (or Nano Adblocker which is a fork), I hear conflicting opinion where additional extensions like Privacy Badger are needed or not. One opinion is that they are all redundant. Any insight on this? Is there a way to test whether Privacy...
by bobcat2
Tue Nov 13, 2018 12:52 pm
Forum: Personal Consumer Issues
Topic: Recommend Chrome ad-blocker
Replies: 66
Views: 4516

Re: Recommend Chrome ad-blocker

In Chrome I use the Nano Adblocker, which is essentially a new version of uBlock Origin, but with additional features. It works nicely with Nano Defender, which provides an anti-adblocking mechanism to bypass the annoying warnings you see when you visit a page which detects your adblocker. Plus, if ...
by bobcat2
Thu Nov 08, 2018 10:14 pm
Forum: Local Chapters and Bogleheads Community
Topic: December 9 DC Bogleheads Meeting with Stephen Goss, Chief Actuary of Soc Security
Replies: 28
Views: 3503

December 9 DC Bogleheads Meeting with Stephen Goss, Chief Actuary of Soc Security

The next meeting of DC Bogleheads will be Sunday, December 9, from 2:30-4:30 in the auditorium of the Arlington Central library in Ballston. Our special guest speaker will be Stephen Goss, the Chief Actuary of Social Security. The Office of Chief Actuary plans and directs a program of actuarial esti...
by bobcat2
Mon Nov 05, 2018 4:20 pm
Forum: Investing - Theory, News & General
Topic: Duration matching with TIPS funds instead of buying individual TIPs
Replies: 16
Views: 1318

Re: Duration matching with TIPS funds instead of buying individual TIPs

The idea of combining ST & LT TIPS funds to duration match targeted income is intended for the case where one is spending from the funds every year over a series of years. If you simply need real assets at one particular point in time in the future, I agree with other posters that it's much easier t...
by bobcat2
Mon Nov 05, 2018 3:59 pm
Forum: Investing - Theory, News & General
Topic: Duration matching with TIPS funds instead of buying individual TIPs
Replies: 16
Views: 1318

Re: Duration matching with TIPS funds instead of buying individual TIPs

I'm not sure I did the analysis correctly, but when I looked into this years ago I came away completely convinced that, no, holding an intermediate-term TIPS fund and a short-term TIPS fund and gradually shifting the allocation from intermediate-term to short-term is not at all equivalent to holdin...
by bobcat2
Thu Oct 25, 2018 12:41 pm
Forum: Investing - Theory, News & General
Topic: Retirement bonds, aka SeLFIES
Replies: 77
Views: 9999

LIVE bonds that can complement SeLFIES

And on the note of making the bonds cheaper, you could make these more efficient at funding retirement by adding in an actuarially fair tontine system or other mortality credit system. Basically, these bonds would pay the listed premium if the owner is still alive . Like, one of the problems with s...
by bobcat2
Thu Oct 25, 2018 12:00 pm
Forum: Investing - Theory, News & General
Topic: Retirement bonds, aka SeLFIES
Replies: 77
Views: 9999

Re: Retirement bonds, aka SeLFIES

Not sure I follow why these bonds should be so much cheaper than other fixed income investments with similar credit risk. Merton didn't say that the bonds are cheaper by producing high returns compared to other bonds. What Merton did say is that these bonds are extremely simple both to understand a...
by bobcat2
Tue Oct 23, 2018 11:15 am
Forum: Investing - Theory, News & General
Topic: Retirement bonds, aka SeLFIES
Replies: 77
Views: 9999

Re: Retirement bonds

Robert Merton delivers the Dr. RH Patil Memorial Lecture at the National Stock Exchange in Mumbai, India. Merton's entire discussion is well worth watching. He begins by talking about the development of modern finance beginning with Harry Markowitz and MPT in 1952. Then he moves on to discuss how t...
by bobcat2
Wed Oct 10, 2018 2:34 pm
Forum: Investing - Theory, News & General
Topic: Paul Romer & William Nordhaus share Nobel Prize in Economics
Replies: 16
Views: 1588

Re: Paul Romer & William Nordhaus share Nobel Prize in Economics

bottlecap wrote:
Wed Oct 10, 2018 2:09 pm
Yup. I was talking about his conclusion in the original link.

JT
The conclusion in the two articles is the same. The metaphors employed are the differences in the two articles.

BobK
by bobcat2
Wed Oct 10, 2018 1:46 pm
Forum: Investing - Theory, News & General
Topic: Paul Romer & William Nordhaus share Nobel Prize in Economics
Replies: 16
Views: 1588

Re: Paul Romer & William Nordhaus share Nobel Prize in Economics

Paul Romer blog post on economic growth. People are reasonably good at estimating how things add up, but for compounding, which involved repeated multiplication, we fail to appreciate how quickly things grow. As a result, we often lose sight of how important even small changes in the average rate o...
by bobcat2
Wed Oct 10, 2018 10:22 am
Forum: Investing - Theory, News & General
Topic: Paul Romer & William Nordhaus share Nobel Prize in Economics
Replies: 16
Views: 1588

Re: Paul Romer & William Nordhaus share Nobel Prize in Economics

Paul Romer blog post on economic growth. People are reasonably good at estimating how things add up, but for compounding, which involved repeated multiplication, we fail to appreciate how quickly things grow. As a result, we often lose sight of how important even small changes in the average rate of...
by bobcat2
Mon Oct 08, 2018 11:10 am
Forum: Investing - Theory, News & General
Topic: Paul Romer & William Nordhaus share Nobel Prize in Economics
Replies: 16
Views: 1588

Paul Romer & William Nordhaus share Nobel Prize in Economics

This year’s Nobel Prize in Economics is shared by Paul Romer (no relation to the prominent economic team of David & Christine Romer) and William Nordhaus. While Nordhaus’ award is well deserved, I personally believe that Paul Romer has been the most influential economist in the world over the last q...
by bobcat2
Fri Sep 28, 2018 11:13 am
Forum: Investing - Theory, News & General
Topic: Retirement bonds, aka SeLFIES
Replies: 77
Views: 9999

Re: Retirement bonds

Christopher Robbins writing in Financial Advisor about the proposed new retirement bonds. “Existing products often offered as default options in the retirement context have no ability to secure retirement goals,” says Martellini. “They can’t generate a fixed level of income in retirement. The invest...
by bobcat2
Fri Sep 21, 2018 2:32 am
Forum: Investing - Theory, News & General
Topic: Using Funded Ratio to drive retirement investment plan - Part 1 of Funded Ratio series
Replies: 118
Views: 17654

Re: Using Funded Ratio to drive retirement investment plan - Part 1 of Funded Ratio series

I came across an article in the Fall 2015 Journal of Retirement that is along similar lines: "Use Your Client's Funded Ratio to Simplify and Improve Retirement Planning Decisions" by Sam Pittman. In addition to introducing the concept of funded ratios, annuity factors, and actuarial present values ...
by bobcat2
Wed Sep 19, 2018 4:04 pm
Forum: Investing - Theory, News & General
Topic: Why should bond duration = investment horizon?
Replies: 45
Views: 2698

Re: Why should bond duration = investment horizon?

It's my opinion that most investors, including many [most] Bogleheads, overestimate the power of price risk and underestimate the compounding power of reinvestment risk. This leads to an overemphasis on short-term bonds in cases where they aren't necessarily appropriate. An investor who has just re...
by bobcat2
Thu Sep 13, 2018 1:45 pm
Forum: Local Chapters and Bogleheads Community
Topic: DC Bogleheads meeting with pension expert Arun Muralidhar - Sunday, July 29
Replies: 15
Views: 2491

Re: DC Bogleheads meeting with pension expert Arun Muralidhar - Sunday, July 29

Our next meeting will be Sunday, September 16 from 3:00-5:00 , in the second floor meeting room at the Arlington, VA Central Library, 1015 N. Quincy Street, Arlington, VA 22201. We have the room reserved until 5:30, so we can run over a little if need be. Note the projector in the room is not workin...
by bobcat2
Thu Sep 13, 2018 1:38 pm
Forum: Local Chapters and Bogleheads Community
Topic: Master thread for Washington DC Area Bogleheads
Replies: 151
Views: 46134

Re: Master thread for Washington DC Area Bogleheads

Our next meeting will be Sunday, September 16 from 3:00-5:00 , in the second floor meeting room at the Arlington, VA Central Library, 1015 N. Quincy Street, Arlington, VA 22201. We have the room reserved until 5:30, so we can run over a little if need be. Note the projector in the room is not workin...
by bobcat2
Sat Sep 01, 2018 3:00 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 553
Views: 60458

Re: U.S. stocks continue to soar!

duffer wrote:
Sat Sep 01, 2018 2:20 pm
I'm afraid I don't see your point.
The point is that in the first four weeks of 2018 the stock market was up 7.7%. In the seven months plus since then the stock market has been up 1.3% - which is hardly continuing to soar. :(

BobK
by bobcat2
Sat Sep 01, 2018 12:27 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 553
Views: 60458

Re: U.S. stocks continue to soar!

U.S. stocks continue to soar? Real total Wilshire 5000 return, dividends reinvested for 7 months from January 26, 2018 peak through end of August 2018 is 1.7% . Source of return is Wilshire 5000 Dividend Reinvested Calculator. Link to calculator. - https://dqydj.com/wilshire-5000-return-calculator/...
by bobcat2
Fri Aug 31, 2018 7:09 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 553
Views: 60458

Re: U.S. stocks continue to soar!

U.S. stocks continue to soar? Real total Wilshire 5000 return, dividends reinvested for 7 months from January 26, 2018 peak through end of August 2018 is 1.7% . Source of return is Wilshire 5000 Dividend Reinvested Calculator. Link to calculator. - https://dqydj.com/wilshire-5000-return-calculator/...
by bobcat2
Mon Aug 13, 2018 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Inflation adjusted annuity
Replies: 26
Views: 1722

Re: Inflation adjusted annuity

Regardless of BobK's recommendation, I would avoid true inflation adjusted annuities. My recommendation in this case is to use the price of a real life annuity to price your retirement income target in the denominator of the funded ratio. You certainly do not have to purchase a real life annuity to...
by bobcat2
Mon Aug 13, 2018 9:39 am
Forum: Investing - Theory, News & General
Topic: New York Times--Vanguard Warns of Worsening Odds for the Economy and Markets
Replies: 67
Views: 10319

Re: New York Times--Vanguard Warns of Worsening Odds for the Economy and Markets

Here's more useful and trenchant advice from an economist.
Financial and economic crises take longer to arrive than you can possibly imagine, but when they do come, they happen faster than you can possibly imagine.
- Rudiger Dornbusch


BobK