Search found 760 matches

by Jeff Albertson
Tue May 19, 2020 9:03 am
Forum: Investing - Theory, News & General
Topic: "The economy is in free fall. So why isn't the stock market?"
Replies: 153
Views: 15204

Re: "The economy is in free fall. So why isn't the stock market?"

John Cassidy, in The New Yorker, asked Robert Shiller & Richard Thaler: "The economy's tanking, but the stock market has rebounded strongly and discount brokerages are seeing record trading volume as small investors pile in. What's going on? I asked two Nobel-winning behavioral economists: @RobertJS...
by Jeff Albertson
Mon May 18, 2020 11:09 am
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 63034

Re: So bottom is probably behind us....right?

Reinhart & Rogoff, who wrote the book on the analysis of financial crises, 'This Time Is Different: Eight Centuries of Financial Folly':
"This Time Really Is Different" - Reinhart & Rogoff predict 5-years to return to 2019 GDP
https://twitter.com/TheCompoundNews/sta ... 7771244545
by Jeff Albertson
Sat May 09, 2020 5:42 pm
Forum: Personal Consumer Issues
Topic: COVID-19 has revealed the stark deficiencies in long-term care facilities regardless of ratings.
Replies: 80
Views: 5321

Re: COVID-19 has revealed the stark deficiencies in long-term care facilities regardless of ratings.

The NY Times and ProPublica have been keeping track of covid in long-term care facilities. The latest: 'One-Third of All U.S. Coronavirus Deaths Are Nursing Home Residents or Workers' https://www.nytimes.com/interactive/2020/05/09/us/coronavirus-cases-nursing-homes-us.html 'How Safe Are Nursing Home...
by Jeff Albertson
Fri May 08, 2020 10:57 am
Forum: Personal Consumer Issues
Topic: Recommendations for relatively cheap cell phones
Replies: 34
Views: 1581

Re: Recommendations for relatively cheap cell phones

CNET phone recommendations: under $300: https://www.cnet.com/news/7-best-phones-under-300-moto-g-power-galaxy-a50-lg-k40-more/ under $200: https://www.cnet.com/news/phones-under-200-our-top-picks-new-budget-phones-comparison-samsung-galaxy-a11/ all phones: https://www.cnet.com/topics/phones/products/
by Jeff Albertson
Wed May 06, 2020 5:30 pm
Forum: Investing - Theory, News & General
Topic: Looking for alternative to Vanguard
Replies: 107
Views: 7039

Re: Looking for alternative to Vanguard

Sure are a lot of people here who think they know more about security than the security professionals at Vanguard.
by Jeff Albertson
Tue Apr 21, 2020 3:14 pm
Forum: Investing - Theory, News & General
Topic: Ray Dalio Predicts
Replies: 28
Views: 3514

Re: Ray Dalio Predicts

from about 3 weeks ago: “I feel like the 2008 financial crisis was just a dry run for this,” said Kenneth S. Rogoff, a Harvard economist and co-author of a history of financial crises, “This Time Is Different: Eight Centuries of Financial Folly.” “This is already shaping up as the deepest dive on re...
by Jeff Albertson
Tue Apr 21, 2020 2:09 pm
Forum: Investing - Theory, News & General
Topic: Does anybody buy and sell USO ?
Replies: 31
Views: 4077

Re: Does anybody buy and sell USO ?

Warren Buffett in a letter to Berkshire Hathaway shareholders, February 29, 1988: Indeed, if you aren’t certain that you understand and can value your business far better than Mr. Market, you don’t belong in the game. As they say in poker, “If you’ve been in the game 30 minutes and you don’t know wh...
by Jeff Albertson
Mon Apr 20, 2020 12:03 pm
Forum: Investing - Theory, News & General
Topic: Modern Monetary Theory
Replies: 97
Views: 6571

Re: Modern Monetary Theory

Jeff Albertson wrote:
Mon Apr 06, 2020 8:44 pm
Kelton is on Harry Shearer's 'LeShow' occasionally. https://harryshearer.com/interviews/
Kelton was a guest yesterday on 'LeShow'. (22 minutes)
https://harryshearer.com/le-shows/april-19-2020/
by Jeff Albertson
Sun Apr 19, 2020 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Recommend a book for THIS point in time?
Replies: 13
Views: 1080

Re: Recommend a book for THIS point in time?

bobcat2 wrote:
Sun Mar 29, 2020 8:11 pm
The Fifth Risk by Michael Lewis.
https://www.amazon.com/Fifth-Risk-Micha ... 550&sr=8-2

BobK
Lewis discusses The Fifth Risk with Al Franken on Franken's podcast this week.
https://alfranken.com/
by Jeff Albertson
Sat Apr 18, 2020 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 24306

Re: IRS Get My Payment up and running

That's what happens when you can't pay enough to hire the best and brightest programmers and you are given a very short period of time to roll out a new tool. :oops: This is what happens when they continually underfund the IRS. https://apnews.com/aad7a3baaf338272c157bae07668ed43 The article was wri...
by Jeff Albertson
Tue Apr 14, 2020 8:10 pm
Forum: Personal Consumer Issues
Topic: What are you doing for haircuts due to coronavirus shutdown?
Replies: 254
Views: 20090

Re: What are you doing for haircuts due to coronavirus shutdown?

Farmer uses sheep shears to give himself a haircut, one minute twelve seconds:
https://twitter.com/i/status/1250119125386616838
by Jeff Albertson
Mon Apr 06, 2020 8:44 pm
Forum: Investing - Theory, News & General
Topic: Modern Monetary Theory
Replies: 97
Views: 6571

Re: Modern Monetary Theory

Kelton is on Harry Shearer's 'LeShow' occasionally. https://harryshearer.com/interviews/

IMHO, the value of economic advice you receive on an internet bulletin board, in almost all cases, is less than what you paid for it.
by Jeff Albertson
Sat Apr 04, 2020 11:41 am
Forum: Investing - Theory, News & General
Topic: Shiller PE / Bond Yield Asset Allocation Model ?
Replies: 13
Views: 631

Re: Shiller PE / Bond Yield Asset Allocation Model ?

From Shiller's column from a couple of days ago, 'Predictions for the Coronavirus Stock Market': Let’s hope that the current pandemic does not reach proportions so tragic that will similarly blossom into a narrative that is remembered for decades, with the power of depressing stock prices for a long...
by Jeff Albertson
Wed Apr 01, 2020 9:07 am
Forum: Investing - Theory, News & General
Topic: Is the coming pain really "priced in"?
Replies: 201
Views: 18953

Re: Is the coming pain really "priced in"?

Another opinion - https://www.nytimes.com/2020/04/01/business/economy/coronavirus-recession.html The abrupt halt of commercial activity threatens to impose economic pain so profound and enduring in every region of the world at once that recovery could take years. The losses to companies, many alread...
by Jeff Albertson
Mon Mar 16, 2020 6:52 pm
Forum: Personal Consumer Issues
Topic: Take out food vs COVID 19
Replies: 95
Views: 6554

Re: Take out food vs COVID 19

For me, it's not worth the risk. However, here's another opinion, based on info from the European Food Safety Authority:
https://www.motherjones.com/kevin-drum/ ... ronavirus/
by Jeff Albertson
Mon Mar 16, 2020 6:34 pm
Forum: Personal Consumer Issues
Topic: Are you in the mood to buy anything?
Replies: 62
Views: 5006

Re: Are you in the mood to buy anything?

Good deal now on a Washington Post digital subscription - $29 for a year, might be only for new subscribers.https://twitter.com/EmGusk/status/1239582775684075521
by Jeff Albertson
Tue Mar 10, 2020 3:46 pm
Forum: Investing - Theory, News & General
Topic: Book About the Futility of Predictions
Replies: 13
Views: 703

Re: Book About the Futility of Predictions

Another opinion aired recently by the BBC's Business Daily. (audio, 18 minutes) The superforecasters How to predict the future and beat the wisdom of the crowds. Manuela Saragosa speaks to Warren Hatch, chief executive of (Philip Tetlock's) Good Judgement Project, a consultancy that specialises in s...
by Jeff Albertson
Mon Mar 09, 2020 8:55 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3949
Views: 296686

Re: Coronavirus and the market

That's just the "hair on fire" crowd, preaching the end of the world. We've had serious illnesses sweep the globe before, but perhaps never as much media hysteria as today. Fear feeds fear. Panic feeds panic. And down the market goes. It's about time to rebalance. just follow Frank Drebin's advice,...
by Jeff Albertson
Mon Mar 09, 2020 5:26 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3949
Views: 296686

Re: Coronavirus and the market

Just think, trillions wiped off the balance sheet because somebody had a craving for some delicious bat soup...perhaps we should be calling this a black bat event instead of a black swan. nice article out of Axios: https://www.axios.com/coronavirus-climate-change-risks-bc81ec96-ca03-4af7-867f-2aac2...
by Jeff Albertson
Sat Mar 07, 2020 5:41 pm
Forum: Personal Consumer Issues
Topic: Reimbursement after meeting annual gift maximum
Replies: 13
Views: 818

Re: Reimbursement after meeting annual gift maximum

I hope this advice is corrrect. https://www.nerdwallet.com/blog/taxes/gift-tax-rate/ In 2019 and 2020, you can give up to $15,000 to someone in a year and generally not have to deal with the IRS about it. If you give more than $15,000 in cash or assets (for example, stocks, land, a new car) in a yea...
by Jeff Albertson
Thu Mar 05, 2020 9:44 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 5431
Views: 1349288

Re: What Movie Have You Recently Watched?

Looking forward to David Simon's 6-part miniseries on HBO, March 16, "The Plot Against America", based on the Philip Roth novel. https://www.hbo.com/the-plot-against-america
by Jeff Albertson
Thu Feb 27, 2020 10:51 pm
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1588
Views: 128578

Re: Coronavirus (Consumer Issues) How you are preparing?

Oh yes, I almost forgot facial hair prep, I am using this CDC guideline to trim up on what works for masks. Ladies, no need, you can move on from this one. https://www.cdc.gov/niosh/npptl/images/infographics/FacialHairWmaskLG.jpg Brian Stack helpfully explains - https://www.google.com/url?sa=t&rct=...
by Jeff Albertson
Thu Feb 27, 2020 10:29 am
Forum: Personal Consumer Issues
Topic: How Do you Exercise Indoors?
Replies: 127
Views: 9606

Re: How Do you Exercise Indoors?

"Our three short workout videos will get your heart pumping and give you a full-body workout without a trip to the gym." Do you have six minutes to spare? Then you can do a workout. I know that six minutes of exercise doesn’t seem like much. You might wonder: Is it even worth my time? The answer is ...
by Jeff Albertson
Wed Feb 26, 2020 11:35 am
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3949
Views: 296686

Re: Coronavirus and the market

We represent an interdisciplinary group of scientists and policymakers at the Scowcroft Institute’s Pandemic and Biosecurity Policy Program based at the Bush School of Government at Texas A&M University who have been holding annual summits addressing pandemic-related issues for the past five years....
by Jeff Albertson
Fri Feb 21, 2020 9:22 pm
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 605
Views: 31525

Re: What are you listening to now

Miles Davis: Birth of the Cool American Masters presents the broadcast premiere of award-winning filmmaker Stanley Nelson’s deep dive into the world of a beloved musical giant. American Masters — Miles Davis: Birth of the Cool, which earned a Grammy nomination in the “Best Music Film” category, pre...
by Jeff Albertson
Sat Feb 15, 2020 1:05 pm
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1588
Views: 128578

Re: Coronavirus (Consumer Issues) How you are preparing?

Interesting article from four academics at Texas A&M. Even if the U.S. in not affected by the virus, it could still have significant health impacts. "The silent threat of the coronavirus: America’s dependence on Chinese pharmaceuticals" http://theconversation.com/the-silent-threat-of-the-coronavirus...
by Jeff Albertson
Tue Feb 11, 2020 6:42 pm
Forum: Investing - Theory, News & General
Topic: Can a variable annuity be the right choice?
Replies: 5
Views: 573

Re: Can a variable annuity be the right choice?

This may be helpful. Note it is from 2001.
"A Limited Case for Variable Annuities" by Bill Bernstein
http://efficientfrontier.com/ef/701/annuity.htm
by Jeff Albertson
Sat Jan 25, 2020 10:06 am
Forum: Investing - Theory, News & General
Topic: 5 charts on marketvaluation
Replies: 3
Views: 409

Re: 5 charts on marketvaluation

This post by Michael Batnick from a few days ago may be more useful -
https://theirrelevantinvestor.com/2020/ ... returns-2/
especially this graph -
Image
by Jeff Albertson
Fri Jan 24, 2020 8:56 pm
Forum: Personal Consumer Issues
Topic: Tesla Model Y
Replies: 214
Views: 20309

Re: Tesla Model Y

The WSJ "The Journal" podcast covered Tesla, the stock, in yesterday's podcast. https://www.wsj.com/podcasts/the-journal The Tug of War Over Tesla Tesla's stock has been on a tear since late last year, and this week the company's valuation reached $100 billion. Investors who believe in the stock cou...
by Jeff Albertson
Fri Jan 17, 2020 9:42 pm
Forum: Personal Consumer Issues
Topic: Spain in July with kids
Replies: 49
Views: 3502

Re: Spain in July with kids

I would have a backup, Plan B, for hot weather. Exploring a city with kids during a string of 100°F days may not be very pleasant. Check last year's July temperatures in Madrid:
https://weather.com/weather/monthly/l/6 ... 54cda80400
by Jeff Albertson
Thu Jan 09, 2020 8:47 pm
Forum: Personal Consumer Issues
Topic: Meds from Canadian Mail-Order Pharmacy. Legality? Ethics? Safety? Efficacy?
Replies: 33
Views: 3814

Re: Meds from Canadian Mail-Order Pharmacy. Legality? Ethics? Safety? Efficacy?

Maybe some good news for users of generic drugs: California would become the first state to sell its own brand of generic prescription drugs in an effort to drive down rising healthcare costs under a proposal Gov. Gavin Newsom is expected to unveil in his new state budget Friday. A broad overview of...
by Jeff Albertson
Thu Jan 09, 2020 8:19 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 921
Views: 80534

Re: Talk me out of buying a Tesla Model 3

EnjoyIt wrote:
Thu Jan 09, 2020 7:17 pm
Hybrid is added complexity and we all know how we feel about complexity. Lol.
Look at the Consumer Reports reliability ratings for the Toyota Prius. How many other cars can match their high reliability?
by Jeff Albertson
Wed Jan 08, 2020 8:57 am
Forum: Personal Consumer Issues
Topic: travel from the U.S. to Europe given geo-political tensions?
Replies: 117
Views: 7782

Re: travel from the U.S. to Europe given geo-political tensions?

The World Economic Forum - international statistic of the year (2018): https://assets.weforum.org/editor/large_q8t-wbpUj9_A5jvJkL8X7d1XojlC50j0No3IlcXGLl8.jpg https://www.weforum.org/agenda/2018/01/and-the-winner-of-the-international-statistic-of-the-year-is/ The Centers for Disease Control and Prev...
by Jeff Albertson
Wed Jan 01, 2020 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Drops Agreement Not to Compete With TurboTax
Replies: 82
Views: 9871

Re: IRS Drops Agreement Not to Compete With TurboTax

T.R. Reid's book compared the absurd U.S tax system with those in other countries:
https://www.amazon.com/gp/product/0143111140/
PBS Newshour's Paul Solman interviewed him a couple of years ago -
https://www.youtube.com/watch?v=qPKUjZzRirY
It's well worth your time.
by Jeff Albertson
Thu Dec 26, 2019 10:41 pm
Forum: Personal Consumer Issues
Topic: Anti Virus?
Replies: 36
Views: 2125

Re: Anti Virus?

You might get more useful information from web sites that know something about computer security. Web sites like pcmag.com review this type of software annually. The product review website, thewirecutter.com, also has a pretty good review: https://thewirecutter.com/blog/best-antivirus/ & https://the...
by Jeff Albertson
Sun Dec 22, 2019 2:25 pm
Forum: Personal Investments
Topic: Mail from Vanguard - Account could be turned over to state due to lack of interest
Replies: 97
Views: 9320

Re: Mail from Vanguard - Account could be turned over to state due to lack of interest

I received the same letter yesterday, actually two letters, one for the taxable account and the other for the Roth account. I've had a few transactions in the taxable account this year, just one in the Roth, but login occasionally to check balances. Also got some blank checks from them a few weeks a...
by Jeff Albertson
Thu Dec 19, 2019 10:01 pm
Forum: Personal Consumer Issues
Topic: yet another reason not to get a smart phone
Replies: 192
Views: 15883

Re: yet another reason not to get a smart phone

https://www.nytimes.com/interactive/2019/12/19/opinion/location-tracking-cell-phone.html I suspect even with considerable effort, one could not protect one's privacy with a smart phone. One little slipup in choosing privacy settings, if those are even offered and observed, and there you have it. Do...
by Jeff Albertson
Fri Dec 13, 2019 9:48 pm
Forum: Investing - Theory, News & General
Topic: Federal Budget Deficit Risks and Investment Strategy
Replies: 148
Views: 8627

Re: Federal Budget Deficit Risks and Investment Strategy

The current "Ezra Klein Show" podcast discusses several topics, including deficit spending with a very prominent economist.
https://www.vox.com/ezra-klein-show-podcast
by Jeff Albertson
Thu Dec 12, 2019 12:45 pm
Forum: Personal Consumer Issues
Topic: Hyundai Palisade - A good option?
Replies: 29
Views: 3389

Re: Hyundai Palisade - A good option?

Last week's PBS Motorweek compared seven 3-row suvs. The Hyundai was first & Kia second.
https://www.motorweek.org/
or
https://www.youtube.com/watch?v=Xeye7-xz3s8
by Jeff Albertson
Wed Dec 11, 2019 3:15 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1907
Views: 207261

Re: [What TV Show Have You Recently Watched?]

Should be pretty, pretty, pretty good -
"Curb Your Enthusiasm: Season 10 | Official Trailer | HBO" (January 19)
https://www.youtube.com/watch?v=u7bnE6XiOEQ (NSFW language)
by Jeff Albertson
Wed Dec 11, 2019 12:17 pm
Forum: Personal Consumer Issues
Topic: Summer trip to Germany ideas requested
Replies: 50
Views: 2490

Re: Summer trip to Germany ideas requested

The Deutsche Bahn's Rail&Fly program might be useful if your airline participates. https://www.bahn.de/p/view/service/buchung/flug/rail-and-fly-english.shtml Here's some specific info from Condor Air: https://www.condor.com/eu/book-plan/extras/railfly.jsp Be sure to check the Zugspitze webcams befor...
by Jeff Albertson
Mon Dec 09, 2019 9:21 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's Millionaire Study
Replies: 102
Views: 23286

Re: Dave Ramsey's Millionaire Study

I'm kinda amazed at the number of people who get there investing advice from TV and radio entertainers.
by Jeff Albertson
Mon Dec 09, 2019 10:38 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 1111
Views: 109989

Re: Jack Bogle - Two Fund Portfolio

During the past decade, the performance of Vanguard's simple S&P500 index fund (VFIAX) beat the 60 leading college endowments.
https://www.ft.com/content/beeae17a-f6a ... a858a40ca6
by Jeff Albertson
Tue Nov 26, 2019 10:16 am
Forum: Personal Consumer Issues
Topic: Please suggest a car for a senior
Replies: 28
Views: 1486

Re: Please suggest a car for a senior

Uber could be an option, especially for the first few weeks, learn routes and traffic customs.
by Jeff Albertson
Mon Nov 25, 2019 3:45 pm
Forum: Personal Consumer Issues
Topic: Theory of Economics book recommendation desired
Replies: 29
Views: 2353

Re: Theory of Economics book recommendation desired

Martin Wolf's best economics books from 2019 (15 minutes):
audio: https://www.ft.com/news-in-focus (FT News in Focus, Nov 21)
video: https://www.youtube.com/watch?v=9rBAtrYP4Pk