As Batman learned in the Dark Knight, “You either die the Hero, or you live long enough to become the Villain.” I think that famous movie line now has some relevance to those of us who played by the rules, worked smart, saved prodigiously, and invested effectively. At first, one’s journey to FIRE (Financial Independence & Retired Early) is hailed by society as successful & … Continue reading Hero or Villain?
It’s been about three years since we started playing the “Savings Rate Game” (LINK) with Bank CDs and Treasury Bonds. That is, having to manage the savings rate of our cash holdings closely. The 3-Year Treasury rate is now at about 3.5%, down -0.6 pts from one year ago today. When Biden took office in 2021, the 3-Year Treasury was just 0.3%. We didn’t even … Continue reading Savings Rate Game Revisited
Some friends and I were trying to solve the world’s problems over a beer this weekend. Someone asked if we are going to go into a recession or not over the next year. I replied that the economy just seems really “wobbly” right now … I don’t know if it will tip,over or not. Another guy said he read that there was a 99% chance … Continue reading Is The Economy More Than Just ‘Wobbly’?
Well, I gave Biden some credit back in December for the nice bump that we had seen in the stock market in 2021. I felt obligated to, given how well the market had performed … +27% last year. Still, I noted then that I was worried that Biden wanted to be too helpful and that significant inflation was a real worry. He literally said “help … Continue reading Politicians Too Eager To ‘Help’
I recently listened to an interesting podcast with investor Peter Schiff of Euro-Pacific Capital. He’s the guy that earned the title ‘Dr. Doom’ when he correctly forecast the housing bubble that led to the Great Recession. He wrote a book about it two years before it happened. Schiff – a self-described libertarian capitalist – did a 3 hour interview with Joe Rogan recently. He raised … Continue reading Bubble Economy?
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