Joe Biden and Antifa.com

[Mopar1973Man]

Just type in antifa.com and see where it goes. You should be taken Joe Biden web page now please tell me why i should vote for democrats?

 

antifa.com -> joebiden.com

 

Try it...

[JAG1]

Did you see on Portland news about a bunch of truck owners doing a parade supporting Donald Trump? The cops arrested two guys trying to stop the parade and starting a fight. The police even escorted the Trump parade the whole way. Cool Huh?

 

BTW, the Trump supporters were very polite and well mannered.....did not hurt another person nor damaged anything.

 

I don't vote for people that can't support law and order and can't respect police officers. They risk their neck everyday for us and it's getting worse for them.

 

 

Edited August 30, 2020 by JAG1

[Doubletrouble]

 I live near a small town and the republican party now rented an emty store to represent our county in ohio. I thought it was cool that they reach out to the more rural areas.

[JAG1]

If the colleges would stop poisoning our youth and instill a good work ethic they wouldn't have time to waist. They would be spending all their time learning to provide a service or running a good business like they are supposed to be doing.

[That Guy]

On 8/30/2020 at 10:12 PM, JAG1 said:

If the colleges would stop poisoning our youth and instill a good work ethic they wouldn't have time to waist. They would be spending all their time learning to provide a service or running a good business like they are supposed to be doing.

 

There are a considerable number of people in college that are working hard, but unfortunately, many aren't. 

 

I have come to the conclusion (some humanities studies excluded) that the colleges do not do much to poison..... it is the fellow students. It starts at home. It always starts at home. People are incredibly lazy these days.... and god forbid they have to work outside for an hour without AC, end of the world. They get out of it what they are willing to put in, that's why a college degree with nothing to back it up may as well be toilet paper. C's get degrees, but they don't get careers. 

 

Our college just had a concealed carry law passed so students can carry. Granted, we are a state university that has a board of trustees that are mostly republican. Makes me happy, but my wallet sized 380 is in my car/truck/backpack all the same regardless of their "laws". If I have to ever pull it, the education will be the least of my worries. At least now I won't be expelled or some such. 

 

I am personally in deep in the student gov (some crazy liberals in there, but connections are good), I sit on a board that distributes 6 figure money to "green" projects like new lighting or electric vehicles for grounds staff...ect, and student managed investment fund that beats the S&P by nearly 50% where I'm a chief analyst in Industrials (due to my background). 

 

On 8/30/2020 at 11:23 AM, Mopar1973Man said:

Just type in antifa.com and see where it goes. You should be taken Joe Biden web page now please tell me why i should vote for democrats?

 

antifa.com -> joebiden.com

 

Try it...

 I bit of research tells me that someone is pulling some weird **** with that domain. It has been used to redirect to like 3 other sites in the last 30 days. 

 

I doubt if it is by someone sanctioned...... but still.

Edited September 1, 2020 by That Guy

[JAG1]

1 hour ago, That Guy said:

 

 

I am personally in deep in the student gov (some crazy liberals in there, but connections are good), I sit on a board that distributes 6 figure money to "green" projects like new lighting or electric vehicles for grounds staff...ect, and student managed investment fund that beats the S&P by nearly 50% where I'm a chief analyst in Industrials (due to my background)

Is there any talk of taking a defensive move to bonds due to an oversold market? I am surprised at the gains and think that maybe I should hold for awhile,. Any thoughts?

 

BTW, I thank you for your perspective about my comments above, really appreciate that. I wish I went to your college.

Edited September 1, 2020 by JAG1

[That Guy]

In this particular case, no. In our founding documents, we may only involve in the traditional stock market... and only long term. A month or so back, we had to have an answer as to why we were sitting on 40k cash on a 5% up day in the market. We are currently managing almost $800,000. The idea is experiential learning and making industry connections in firms. 

 

The UC Foundation which gave the initial funding ($250,000) and is the manager of the university's private endowment. They set the rules. We have a large group of advisors that are professors and industry professionals including the president of a local firm.

 

I say all of that to say they we pay attention to as much of the market as possible. Currently, there are sectors of that market seeing huge gains, mostly tech, mostly the the big FAANG. The bond market (US Bonds) has very low yields currently, and are not attractive when you can move funds very quickly(instantaneously if need be) but usually within hours or days. They are considered the very benchmark for the entire market because (normally) they would yield about 2-2.5% just beating out the pace of inflation. US Bonds are the safest asset on the planet. We are currently up almost 17% YOY currently, even with the downturn. It would be hard to tell clients that you made only 1% over inflation if you were a firm, so we treat it like we have clients we have to answer to, and we do, the UC Board of Trustees.

 

We did pull money out during the downturn, almost $200,000, but we were almost all back in by July.

 

The scariest prospect that we are facing now, it's not a democrat... It is inflation.... or deflation.... or default. With the 22 trillion that the governments of the world have spent on ole rona, there are quite a few economists that are worried we will slip into something like the mid 70's through the early 80's where we had double digit inflation and no job growth (Surely Jag and Mopar... and several others remember that to some degree) deemed stagflation. It could also go into deflation with a huge demand pull market contraction, or governments start defaulting on bond payments. The world governments have never taken action like this to prop up the markets, and really, it wasn't until the late 30's that governments started really taking charge of the markets since most people were no longer almost exclusively in agriculture. In many ways, we are in very uncharted territory. It honestly looks like a good spike in inflation is going to be the most likely case. If deflation is right, the market is way too expensive and will see a huge crash, but if the market is right, we may see the some of the highest levels of inflation ever(to us at least). Inflation is honestly the best outcome, and most likely, I cannot tell you how to place your bets, but it is about to get nasty. Deflation means hold cash, inflation means hold stocks and such.
 

My personal opinion says the market is overpriced in many ways(it's very complicated). I do not think this is over, but I cannot ignore the gains to be made. (My personal account is up 10% for the month) When 'if' the market starts to turn, we will act according. There are some rumblings of a crash, which doesn't seem very likely. We have essentially reached a point of no return. The government would have to dump more money on the fire, basically fighting oil well fires with explosives. Without the CARES act (and many like it world wide) we would very likely be in a severe recession currently. I continue to come across people every day who think that the virus is a ploy or some kind of joke. Even people who deal with it daily. The rest of the world doesn't spend more than the entire US GDP for one year on a political ploy. The fact that we are not on the brink of nuclear war is proof of that. We have the luxury of worrying about domestic matters like riots and when the uber eats guy will show up. 

 

Markets as a whole are mostly back to their February highs. Bond markets have improved yield from their lows indicating a start to recovery. This whole thing is going to be one of those events that are going to rewrite the economics text books again. Is the market actually already accounting for inflation with these huge 'gains'? Are they gains if they only going up because inflation is high?

[JAG1]

That Guy, very impressive write up and appreciate the education/ information afforded . Currently in Oregon we have never seen home suppliers and lumber yards with so much business. I have seen contractors and their trucks waiting in line to load up all the way around the front of the building blocking any chance to park. It's amazing because  we also have never seen plywood products double in price in such short time. We are very lucky we finished building a home last January. The owner must be building a great equity.

 

I also think therefore it will most likely be an inflationary environment rather than the tough times I experienced back in the early 80's. Although I remember the Fed raising the prime rate to 16% with folks rushing to place their money in savings accounts and no one spending. Those were very hard times as a young contractor with a new family and mortgage on our very first place. I hope that doesn't happen again. 

Edited September 1, 2020 by JAG1

[Mopar1973Man]

Basically in a nutshell the inflation is caused by a very weak US dollar. 

 

Democrats still continue preaching socialism. Free health care, free this, free that. Sorry someone has to pay for all this free everything. I already know this will not work at all. 

 

As for the inflation of prices like locally I bought 3 sheets of 3/4" OSB and its $35.88 a sheet after 3 sheets and a paint roller handle it was $120 dollars for the shelf board and paint roller handle. Locally... Now I'm force to travel either Boise or Lewiston for better prices. I can do really well in Ontario being there is no sales tax by the time your done shopping the taxes you saved could be your fuel money for the truck.

 

Like right now I've got a few trades going on to get work done. I've made a deal with the local construction company to do his A/C work for him and then have him do the dirt work on the yard. I had another deal set up for firewood but come to find out my guy had bail out of the deal and left the valley. His own life got tight and had to move on for paying job. 

 

Like I talked to @Wet Vette told here things are not looking good. Time to invest mostly into the house and the ourselves for winter time. I've got one month left and now got to hump butt to get firewood done for the year. I've got to get at least 6 cords I figure for the winter. Currently have 1 cord. Now that the basement pantry is more or less done we need to stock it with food. Slow process. 

 

Things are starting to slow down out here. You can see it in the traffic and stores for the most part. 

[That Guy]

I don't look forward to paying for the CARES act. I personally don't see how the Dems or Reps have and plan to decrease spending or make a neutral budget anytime in the future. Republicans say that they do, but short of the state level, it just doesn't happen. Tennessee has a YOY balanced budget, by contrast to the federal gov who seems to be stuck in full on growth mode with no end in sight, if growth stops for some outside reason, kinda screwed. Kinda like that f150 between the two buses.

 

Your money should be safe in assets. The next 6 months are going to be very telling. I'm trying to convince my mother to hang onto the second house till this blows over. No use in losing 20% on the value in cash in 2 years.