Search found 281 matches

by tipswatcher
Wed Nov 02, 2016 1:53 pm
Forum: Investing - Theory, News & General
Topic: Paid off home. View as bond or cash in AA if you plan to sell in retirement?
Replies: 32
Views: 3214

Re: Paid off home. View as bond or cash in AA if you plan to sell in retirement?

Interesting discussion. I never include my home in my asset allocation, but if I did, I'd call it 'real estate.' And owning real estate has lots of current costs, even if you have a paid-off mortgage. Ours has been paid off for 8 years. Our property tax bill is $6,400 / year, insurance is somewhere ...
by tipswatcher
Thu Oct 20, 2016 9:35 pm
Forum: Investing - Theory, News & General
Topic: New Ibond variable rate 2.76% on November 1st. Thoughts?
Replies: 87
Views: 15636

Re: New Ibond variable rate 2.76% on November 1st. Thoughts?

If you truly are open to reconsidering your decision, then did you sell your I Bonds with 0% or 0.1% fixed real rates in December 2015 and buy TIPS with the proceeds Whoa, I've been buying TIPS all along, whenever the real yield looks attractive. I am very reluctant to ever cash in a TIPS or I Bond...
by tipswatcher
Wed Oct 19, 2016 10:09 pm
Forum: Investing - Theory, News & General
Topic: New Ibond variable rate 2.76% on November 1st. Thoughts?
Replies: 87
Views: 15636

Re: New Ibond variable rate 2.76% on November 1st. Thoughts?

That's not true.


#Chuncher, I was meaning a TIPS can never fall before its par value at maturity. A TIPS can go way below that along the way, but at maturity, the par value is guaranteed. I corrected my post. And you know how much I love your feedback. You rule.
by tipswatcher
Wed Oct 19, 2016 7:30 pm
Forum: Investing - Theory, News & General
Topic: New Ibond variable rate 2.76% on November 1st. Thoughts?
Replies: 87
Views: 15636

Re: New Ibond variable rate 2.76% on November 1st. Thoughts?

What happens to i-bonds when inflation is negative? Well, here is one of the key differences between I Bonds and TIPS. When deflation strikes, I Bonds at worst can return 0.0% for six months. The accrued principal can never go down. I Bonds pay an interest rate based on inflation and when inflation...
by tipswatcher
Wed Oct 19, 2016 4:09 pm
Forum: Investing - Theory, News & General
Topic: New Ibond variable rate 2.76% on November 1st. Thoughts?
Replies: 87
Views: 15636

Re: New Ibond variable rate 2.76% on November 1st. Thoughts?

Do I understand i bonds and what am I missing? You stated the I Bond terms well. The one difference with a bank CD is current year income taxes on the interest. Plus in No. 1 you are earning interest based on past inflation, not future inflation. If inflation stays at the current muted level, below...
by tipswatcher
Wed Oct 19, 2016 8:47 am
Forum: Investing - Theory, News & General
Topic: New Ibond variable rate 2.76% on November 1st. Thoughts?
Replies: 87
Views: 15636

Re: New Ibond variable rate 2.76% on November 1st. Thoughts?

In defense of Treasury Direct, I'd say the I Bond experience is MUCH better than the TIPS experience. The Treasury provides a Savings Bond Wizard so you can track your current values for savings bonds. But with TIPS, the Treasury gives you no way to view the current (inflation adjusted) value of you...
by tipswatcher
Tue Oct 18, 2016 2:12 pm
Forum: Investing - Theory, News & General
Topic: New Ibond variable rate 2.76% on November 1st. Thoughts?
Replies: 87
Views: 15636

Re: New Ibond variable rate 2.76% on November 1st. Thoughts?

Can someone help me understand why I cannot buy my annual max of iBonds right now in October vs waiting till November? Wouldn't I get the 0.1 fixed locked in and then the 2.76% on top of that? You can buy right now and guarantee the 0.1% fixed rate. You will get the current variable rate of 0.16% f...
by tipswatcher
Tue Oct 18, 2016 9:35 am
Forum: Investing - Theory, News & General
Topic: New Ibond variable rate 2.76% on November 1st. Thoughts?
Replies: 87
Views: 15636

Re: New Ibond variable rate 2.76% on November 1st. Thoughts?

Here is the article, which I wrote: m I suspect that I Bonds are going to be an extremely popular investment from November 2016 to April 2017, because that variable rate of 2.76% ensures a very good one-year investment. I Bonds can be sold after one year with a three-months interest penalty. The wor...
by tipswatcher
Sat Apr 16, 2016 1:47 pm
Forum: Investing - Theory, News & General
Topic: TIP 5-yr Indicative Yield -.323 today
Replies: 12
Views: 1798

Re: TIP 5-yr Indicative Yield -.323 today

For a new issue, I think the Treasury's Real Yield Curve page is pretty accurate, and it's showing -0.20%.

https://www.treasury.gov/resource-cente ... =realyield
by tipswatcher
Tue Mar 29, 2016 8:38 pm
Forum: Personal Consumer Issues
Topic: I hate monthly payments...
Replies: 25
Views: 4611

Re: I hate monthly payments...

I just bought a new car, paid cash. If the dealer was offering 0.0% financing, I would have taken it. Then I would have set up automatic payments from a money market account to pay the monthly bill. I would have never seen a bill, it would have just been paid. But the dealer wasn't offering 0.0%. So...
by tipswatcher
Mon Mar 28, 2016 8:20 am
Forum: Personal Consumer Issues
Topic: Europe Trip in August
Replies: 99
Views: 8201

Re: Europe Trip in August

I was in Glasgow, Scotland, on June 30, 2007, when two guys drove an explosives-laden Jeep into the front door of the airport. This bombing was timed to hit the day after the school term ended, a Saturday, so the airport was crowded with children and families. No one was seriously harmed except for ...
by tipswatcher
Sat Mar 26, 2016 1:56 pm
Forum: Personal Consumer Issues
Topic: Europe Trip in August
Replies: 99
Views: 8201

Re: Europe Trip in August

My wife and I will be traveling to Italy in the spring and Poland in the fall. The euro is much lower now, making your dollar a lot stronger than a few years ago. We were in Netherlands/Belgium last year and the prices were surprisingly good. Even then, you saw a much higher level of security, espec...
by tipswatcher
Sat Mar 19, 2016 5:26 pm
Forum: Personal Consumer Issues
Topic: Well, I caved [bought new car]
Replies: 43
Views: 7942

Re: Well, I caved [bought new car]

I just bought a new car, too, a Honda HR-V EX to replace my 8-year old VW GTI. (By the way, I love that Golf Sportwagen, too. Great choice.) I used to always look for a 3-year-old used car, but then I bought the VW new in 2008 and I had very good luck with it. It was reliable, fun to drive. Maintena...
by tipswatcher
Thu Nov 12, 2015 11:12 pm
Forum: Investing - Theory, News & General
Topic: What's been up with TIP funds?
Replies: 26
Views: 3545

Re: What's been up with TIP funds?

Avoid the noise. I would say that TIPS are getting more attractive in this current trend. Maybe not quite yet, but definitely more attractive. With TIPS, you are just looking for the yield over inflation. After mid-2011, that went negative, even extremely negative. As the 'real' yield (after inflati...
by tipswatcher
Wed Nov 11, 2015 7:41 pm
Forum: Investing - Theory, News & General
Topic: Why the heck not market-time TIPS?
Replies: 29
Views: 3954

Re: Why the heck not market-time TIPS?

Use TIPS if the difference is <2% (the Fed's inflation target) and nominals if it's greater than 2%. I have been accused of market-timing TIPS, but nope. I just buy them and hold to maturity. I do wait for opportune times to buy them. I don't have unlimited resources, so I want to get the best deal...
by tipswatcher
Sun Nov 01, 2015 9:42 pm
Forum: Investing - Theory, News & General
Topic: "I" Bonds [Interest rate?]
Replies: 12
Views: 2081

Re: "I" Bonds [Interest rate?]

So if I buy an i-bond now, it will never earn any interest for the life of the i-bond (30 years)?!? This is about to change, tomorrow in fact. The inflation adjusted rate for all the I Bonds you currently own will rise to 1.54%, annualized, for six months. When that happens depends on the month you...
by tipswatcher
Fri Oct 16, 2015 10:40 pm
Forum: Investing - Theory, News & General
Topic: 30-Year TIPS Auction October 22 2015
Replies: 51
Views: 4988

Re: 30-Year TIPS Auction October 22 2015

which is currently showing 1.24%


So much can happen in four days. Oh ... I have seen it. :oops:
by tipswatcher
Fri Oct 16, 2015 10:34 pm
Forum: Investing - Theory, News & General
Topic: November I Bond Interest Rate Thread! [fixed goes from 0% to 0.10%]
Replies: 43
Views: 5211

Re: It's time for the "November I Bond Interest Rate?" Thread!

I am going to be in the zero camp, 0.0%. But I will be doing a little research to try to figure out what happened in November 2013, when the Treasury decided - surprisingly - to raise the I Bond's fixed rate to 0.2%. On Nov. 1, 2013, the 10-year TIPS was yielding 0.50%. A 10-year nominal Treasury wa...
by tipswatcher
Fri Oct 16, 2015 1:46 pm
Forum: Investing - Theory, News & General
Topic: 30-Year TIPS Auction October 22 2015
Replies: 51
Views: 4988

Re: 30-Year TIPS Auction October 22 2015

Something I have been pondering: The coupon rate of this TIPS is 0.750%. You can buy it at a 10-12% discount, and then you will collect 0.75% a year in interest on your accrued principal, which rises with inflation. That is 0.75% in cash flow, for 29 years, 4 months. The point is: The real yield of ...
by tipswatcher
Fri Oct 16, 2015 10:55 am
Forum: Investing - Theory, News & General
Topic: 30-Year TIPS Auction October 22 2015
Replies: 51
Views: 4988

Re: 30-Year TIPS Auction October 22 2015

To be more explicit about the age thing. I think most people should 1)START buying 30 year tips At say age 35 and 2) STOP buying 30 year tips at age 65 I think that's good advice, although I personally stopped buying 30 years when I was 58 -- but that had more to do with the extremely low yields fr...
by tipswatcher
Sun Sep 27, 2015 8:36 pm
Forum: Investing - Theory, News & General
Topic: TIPS Ladder Spreadsheets in General & Two in Particular
Replies: 53
Views: 14314

Re: TIPS Ladder Spreadsheets in General & Two in Particular

Whatever #Cruncher says, I listen. They guy is nearly always right, but in this case he found some sort of little error in his theory? Doesn't matter to me. Also this entire spreadsheet thing doesn't matter to me. I just buy TIPS at auction a couple times a year, when the price (yield to maturity, a...
by tipswatcher
Sat Jul 25, 2015 2:46 pm
Forum: Investing - Theory, News & General
Topic: 10-Year TIPS Auction July 23 2015
Replies: 29
Views: 3366

Re: 10-Year TIPS Auction July 23 2015

Rather than saying the the 2nd TIPS is "exposed to deflation risk", I'd say that the 1st TIPS is more "exposed to a deflation bonus".


Fantastic explanation, #Cruncher.
by tipswatcher
Thu Jul 23, 2015 4:11 pm
Forum: Investing - Theory, News & General
Topic: 10-Year TIPS Auction July 23 2015
Replies: 29
Views: 3366

Re: 10-Year TIPS Auction July 23 2015

#Cruncher, correct as always. Starting this year, there are 20-year TIPS maturing in each year out to 2029, then an opening until 2032. I am trying to build my ladder with auction issues, not from the secondary market, which has some hefty accrued principal. But you are right it can be done My perso...
by tipswatcher
Thu Jul 23, 2015 2:24 pm
Forum: Investing - Theory, News & General
Topic: 10-Year TIPS Auction July 23 2015
Replies: 29
Views: 3366

Re: 10-Year TIPS Auction July 23 2015

I guess you must figure paying tax on phantom interest is OK? Phantom interest doesn't bother me, especially at likely inflation rates. If inflation suddenly soared to 20% ... Oops ... we'd have a problem. But I'd still be very happy to own an inflation-protected investment. If you hold bond funds ...
by tipswatcher
Thu Jul 23, 2015 2:21 pm
Forum: Investing - Theory, News & General
Topic: 10-Year TIPS Auction July 23 2015
Replies: 29
Views: 3366

Re: 10-Year TIPS Auction July 23 2015

if the yield on a 10 years TIPs is 0.49%, why is the yield on the Vanguard TIPs fund only 0.13%? Vanguard's TIPS fund holds a basket of TIPS of varying maturities, from less than one year to nearly 30 years. Since there are only about 39 TIPS currently trading on the secondary market, there's not a...
by tipswatcher
Thu Jul 23, 2015 12:23 pm
Forum: Investing - Theory, News & General
Topic: 10-Year TIPS Auction July 23 2015
Replies: 29
Views: 3366

Re: 10-Year TIPS Auction July 23 2015

10-year TIPS auctions with a real yield of 0.491%

http://tipswatch.com/2015/07/23/10-year ... -of-0-491/

A bit lower than I expected, but hey, it goes off at a discount. I'm happy with this purchase.
by tipswatcher
Thu Jul 23, 2015 8:05 am
Forum: Investing - Theory, News & General
Topic: 10-Year TIPS Auction July 23 2015
Replies: 29
Views: 3366

Re: 10-Year TIPS Auction July 23 2015

I've decided to buy a small amount of this offering, hoping that the yield will stick above .50% creating a glorious coupon rate of 0.50%. It's not super-attractive, in my opinion, but I need to fill a 2025 spot in my TIPS ladder and this looks like a decent opportunity. Since I am buying a small am...
by tipswatcher
Sat Apr 18, 2015 9:49 pm
Forum: Personal Consumer Issues
Topic: Considering the new MacBook 12-inch Retina ...
Replies: 26
Views: 4849

Re: Considering the new MacBook 12-inch Retina ...

15 inch MacBook Pro. Love it. I was surprised that the Apple store was selling refurbished 15" MacBook Pros starting at $1099. The $1099 model would be the non retina version with all the ports, quad core i7, Nvidia graphics card, spinning hard drive and optical drive. Apple refurbished has sa...
by tipswatcher
Fri Apr 17, 2015 8:23 am
Forum: Investing - Theory, News & General
Topic: I and EE Bonds - What will the new rate be?
Replies: 18
Views: 3480

Re: I and EE Bonds - What will the new rate be?

EE Bonds are looking very attractive for my 2015 savings bond investment (I know I can buy both but probably won't). If the fixed rate stays at 0.0% on May 1, we can assume the market for new purchases of I Bonds will dry up. Would the Treasury see that and add a small fixed rate to hold up demand? ...
by tipswatcher
Tue Apr 14, 2015 8:47 pm
Forum: Personal Consumer Issues
Topic: Considering the new MacBook 12-inch Retina ...
Replies: 26
Views: 4849

Re: Considering the new MacBook 12-inch Retina ...

I also realized I'd be using it at home much more than hauling it around. This was my final decision point, too. Although I travel often and need a real computer, not an iPad, at times, I realized that for the other 40+ weeks, when I am at home, wouldn't I rather have a laptop that is simple to use...
by tipswatcher
Sun Apr 12, 2015 3:20 pm
Forum: Personal Consumer Issues
Topic: Considering the new MacBook 12-inch Retina ...
Replies: 26
Views: 4849

Re: Considering the new MacBook 12-inch Retina ...

So, I pulled the trigger Saturday, but I bought the MacBook Pro 13-inch Retina, not the new MacBook. Why? I took a really long look at the 13-inch MacBook Pro at Best Buy and I loved the build quality and the size seemed fine. The screen is gorgeous. Once the reviews for the new MacBook started comi...
by tipswatcher
Mon Mar 23, 2015 4:56 pm
Forum: Personal Consumer Issues
Topic: Considering the new MacBook 12-inch Retina ...
Replies: 26
Views: 4849

Considering the new MacBook 12-inch Retina ...

I have a lot of thoughts on this, because I have putting more more thought into buying a new laptop than I ever did in allocating money in my 401(k) or buying a 10-year Treasury. What does that says about me? Not sure. I was awaiting Apple's announcement of the new 'MacBook Air Retina' - and was pre...
by tipswatcher
Sun Feb 08, 2015 9:53 pm
Forum: Investing - Theory, News & General
Topic: 30 year tips auction: TBA 2/12 0.75% yield?
Replies: 39
Views: 4624

Re: 30 year tips auction: TBA 2/12 0.75% yield?

#Cruncher ... I can be a moron at times, and my error on the 0.625% versus 0.750% proves it yet again. As of Friday, the real yield on a 30-year TIPS had risen to 0.68%, which would get that 0.625% coupon rate, and put the TIPS fairly close to cash-flow neutral, depending on the inflation rate, of c...
by tipswatcher
Sat Feb 07, 2015 12:15 am
Forum: Investing - Theory, News & General
Topic: 30 year tips auction: TBA 2/12 0.75% yield?
Replies: 39
Views: 4624

Re: 30 year tips auction: TBA 2/12 0.75% yield?

The Treasury issues a daily estimate of real yields, which translate to TIPS yields, and it's usually pretty accurate: m At the close Friday the 30-year real yield was 0.68%, up 14 basis points in a week. That's a positive trend. I will warn that if you buy a 30-year TIPS in a taxable account, you f...
by tipswatcher
Fri Jan 16, 2015 11:54 am
Forum: Investing - Theory, News & General
Topic: Valuation of I Bonds
Replies: 29
Views: 3922

Re: Valuation of I Bonds

On I Bonds, I would suggest holding off on buying a 2015 allocation at least until May 1, and mostly likely after Nov. 1. On May 1, the fixed rate is likely to remain at 0.0%, but the inflation-adjusted rate (for all I Bonds, not matter when they were issued) is very likely to drop below zero. Right...
by tipswatcher
Thu Dec 18, 2014 10:37 am
Forum: Investing - Theory, News & General
Topic: First I Bond Purchase
Replies: 13
Views: 2199

Re: First I Bond Purchase

With 5 year tips likely to go for north of 0.3% real and Ibonds at 0.0% real, I decided to go with todays tips auction. I am also buying this TIPS at auction today. Short-term yields for TIPS have 'skyrocketed' ... well, for TIPS anyway. This same TIPS reopened in an August auction with a yield of ...
by tipswatcher
Sat Dec 13, 2014 2:17 pm
Forum: Investing - Theory, News & General
Topic: TIPS Mutual Funds
Replies: 42
Views: 3808

Re: TIPS Mutual Funds

One thing to consider is that a broadly-invested TIPS fund is going to be more volatile that a Total Bond Fund, possibly a lot more volatile and way less diversified. Vanguard's Total Bond Fund invests in 6,948 bonds, with an average duration of 5.7 years. Vanguard's Inflation-Protected Bond fund in...
by tipswatcher
Wed Oct 22, 2014 9:49 am
Forum: Investing - Theory, News & General
Topic: Reporter doing story on PIMCO in 401k
Replies: 8
Views: 1432

Re: Reporter doing story on PIMCO in 401k

Why would you be forced into using a fund you didn't like? You couldn't use an equity option in your 401k and switch bond holdings to your traditional or Roth IRA? About 90% of my IRA and 401k holdings are in bond funds, so I need a good passive intermediate bond fund for my tax-deferred investment...
by tipswatcher
Wed Oct 22, 2014 9:07 am
Forum: Investing - Theory, News & General
Topic: Reporter doing story on PIMCO in 401k
Replies: 8
Views: 1432

Re: Reporter doing story on PIMCO in 401k

My company's 401k is managed by Vanguard, and I used Vanguard's Total Bond Fund as my base bond fund for many years. About five years ago, the company dropped Total Bond Fund and switched the only option to Pimco Total Return. It also dropped the Stable Value Fund. I didn't like it, but I kept the m...
by tipswatcher
Thu Sep 18, 2014 10:09 pm
Forum: Investing - Theory, News & General
Topic: I Bonds - Now or November
Replies: 8
Views: 1911

Re: I Bonds - Now or November

We're looking at $10 either way, eh? $10, plus all the fun of pondering these things. Forget 2014, there will be an interesting decision in January 2015, when I would usually automatically buy the max in I Bonds. I don't think I will do that next year, if the fixed rate holds at 0.1% or 0.0%. Why n...
by tipswatcher
Thu Sep 18, 2014 4:57 pm
Forum: Investing - Theory, News & General
Topic: I Bonds - Now or November
Replies: 8
Views: 1911

Re: I Bonds - Now or November

The recent surge in the 10-year TIPS yield (to 0.61% today) might give the Treasury reason to hold the fixed rate at 0.1% for the next six months. As recently as Sept. 2 that yield was 0.27% - dangerous for preserving the 0.1% fixed rate. But unless rates rise dramatically before Nov. 1, a rise in t...
by tipswatcher
Thu Sep 18, 2014 12:25 pm
Forum: Investing - Theory, News & General
Topic: Inflation Bonds - Staying the Course?
Replies: 43
Views: 4229

Re: Inflation Bonds - Staying the Course?

FYI, today's 10-year TIPS auction went off with a very nice yield of 0.610%.

http://tipswatch.com/2014/09/18/10-year ... -of-0-610/
by tipswatcher
Wed Sep 17, 2014 10:12 pm
Forum: Investing - Theory, News & General
Topic: Inflation Bonds - Staying the Course?
Replies: 43
Views: 4229

Re: Inflation Bonds - Staying the Course?

My question is for Bogleheads who invest in inflation bonds (i.e. Individual TIPS, TIPS funds, iBonds), are you planning to stay the course with inflation bonds? I have to admit that today's inflation number was a bit of a shocker. I was expecting flat inflation for August, but instead we got -0.2%...
by tipswatcher
Mon Sep 15, 2014 8:29 pm
Forum: Investing - Theory, News & General
Topic: How much you need to save as multiple of salary
Replies: 56
Views: 11375

Re: How much you need to save as multiple of salary

Bongleur wrote:Matching will be going away in the near future, during the recession/depression years. Matching at my company went away in 2008, the same year the company froze my pension. My 401K has received no matching money in the last 6 years, all through an outstanding bull market. My company ...
by tipswatcher
Thu Sep 11, 2014 3:52 pm
Forum: Personal Consumer Issues
Topic: Vanguard Recommending Quicken Changes
Replies: 62
Views: 9770

Re: Vanguard Recommending Quicken Changes

Correction to my post earlier .... Broken again. It worked twice, now I get the same OL-332-A error. Looks like another two weeks of chaos. ------------------------- 5 minutes later it worked again. It could be I created a new file along in the process, which I needed to use. I found it, and it work...
by tipswatcher
Thu Sep 11, 2014 3:11 pm
Forum: Personal Consumer Issues
Topic: Vanguard Recommending Quicken Changes
Replies: 62
Views: 9770

Re: Vanguard Recommending Quicken Changes

The minute I saw the notice from Vanguard I thought: OH NO, NOT AGAIN! I think I went two weeks without a Quicken update in September 2013, due to Vanguard's account number switch - without notice, I should note. And I found the solution last year on the Bogleheads forum, not from Vanguard, which wa...
by tipswatcher
Thu Jul 24, 2014 12:01 pm
Forum: Investing - Theory, News & General
Topic: New 10-Year TIPS Auction July 24 2014
Replies: 17
Views: 2179

Re: New 10-Year TIPS Auction July 24 2014

# Cruncher, Doc, Nisi and all you other smart people. Why are the TIPS rates so low. Is the thought of inflation causing them to go up or are they just going up because the ten year yield is going down? I'd also argue that the yield on a 10-year TIPS is going to march in lockstep with the yield on ...
by tipswatcher
Wed Jul 23, 2014 9:04 pm
Forum: Investing - Theory, News & General
Topic: Susie Orman says buy individual Munis instead of Bond funds
Replies: 15
Views: 3540

Re: Susie Orman says buy individual Munis instead of Bond fu

Oh well, I give Susie Orman credit for attempting to get people to spend less and save more, generally in sensible ways. This is a mountain to climb in our consumer culture. Should I borrow from by 401(k) to buy jet skis? Susie: No. Should I buy a second home in Florida that I might retire to in 15 ...
by tipswatcher
Thu May 01, 2014 9:29 am
Forum: Investing - Theory, News & General
Topic: May 2014 ibond Rate
Replies: 32
Views: 2369

Re: Anyone know the new I-Bond Rate ?

Reaction: I wondered if the I Bond rate might drop simply because the inflation-adjusted rate was rising from 1.18% to 1.84%. But still ... I expected it to hold at 0.2%. Nevertheless, I always take the sure thing and I bought my allocation in February. On the EE Bonds, this was a nice move by the T...
by tipswatcher
Sun Apr 27, 2014 8:11 pm
Forum: Investing - Theory, News & General
Topic: Mel Lindauer..ANNUITIES
Replies: 12
Views: 4469

Re: Mel Lindauer..ANNUITIES

Mel Lindauer's Forbes annuity columns are listed at the bottom of every wiki annuity article I went to Forbes and did the Mel Lindauer annuity search and found a treasure trove of excellent reading. Excellent job, Mel. I am a journalist and I believe this is one of the greatest under-reported areas...