- Joined
- Jun 7, 2019
- Messages
- 1,756
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- 1,845
Something lit a fuse under Bitcoin about 8pm and finally showing signs of life again.
Just curious, what percent of your portfolio is Gold or precious metals stocks?Gold. Period.
The official unit is a "crapton" haha.Just curious, what percent of your portfolio is Gold or precious metals stocks?
By the way I have no doubt gold will have large pullbacks on its march forward but I feel it's still early enough that I don't want to start trying to time those pullbacks.Just curious, what percent of your portfolio is Gold or precious metals stocks?
We've always known he's a coward and a weakling, easily led, easily distracted, a slave to social media opinion swings.This highlights that Trump really doesn’t have strong convictions or the stomach to make tough decisions. Having listened to Scott Bessent he does seem pretty smart and hopefully he can control the ship.
Plus sufficient disability insurance with a short enough exclusion period. Injury/illness can find us all at any moment.That and having a high enough credit line spread over cards is easy enough. You only really need like a month of true liquidity.
I didn’t buy during residency and now I’m kinda scared to look at prices.Plus sufficient disability insurance with a short enough exclusion period. Injury/illness can find us all at any moment.
Isn't it obvious? Dollar is tanking and our market is not investable right now. Probably test sub 38K DJI lows soon.Something lit a fuse under Bitcoin about 8pm and finally showing signs of life again.
If you can't get it via a group/employer I'd still get some quotes for an individual policy. Income loss due to sudden inability to work would be a catastrophic loss for most of us - even if you're in great financial shape, shifting assets to cover unexpected costs now instead of expected costs later would be a big hit.I didn’t buy during residency and now I’m kinda scared to look at prices.
True, true, true,Isn't it obvious? Dollar is tanking and our market is not investable right now. Probably test sub 38K DJI lows soon.
Tech rut continues to deepen with alphabet and meta in some pretty heated lawsuits.
I'm still cash hoarding into money markets. The only thing I am looking at right now is bitcoin under 80k.
I don't trust this administration to get us back on track. I just hope it doesn't end up like trump university, trump casinos, trump airlines, etc, etc.
This can be a steady and prolonged decline and I don't see anything propping up our market outside of a resolution between US and China. Both parties are too proud at the moment to make any significant strides towards an end to this ridiculous trade war. I could have been rolled out so much better, but this administration chooses to rely on "instinct" to get us through the tough times.
Depends which side you're betting. I'll be looking to start covering soon up through if/when Nasdaq breaks 15,000.What a disaster.
It been testing lows a few times under 77K, but has held steady. This is NOT bitcoin "cycle".True, true, true,
except that Bitcoin has been steadily sinking with the market while gold has been running to the moon. This is the first time in months Bitcoin is showing some breakout, albeit a small one so far.
China will not seriously negotiate if Trump is in charge. There is no trust that President will not tear any agreement. Wait until 11/8/2028.Isn't it obvious? Dollar is tanking and our market is not investable right now. Probably test sub 38K DJI lows soon.
Tech rut continues to deepen with alphabet and meta in some pretty heated lawsuits.
I'm still cash hoarding into money markets. The only thing I am looking at right now is bitcoin under 80k.
I don't trust this administration to get us back on track. I just hope it doesn't end up like trump university, trump casinos, trump airlines, etc, etc.
This can be a steady and prolonged decline and I don't see anything propping up our market outside of a resolution between US and China. Both parties are too proud at the moment to make any significant strides towards an end to this ridiculous trade war. I could have been rolled out so much better, but this administration chooses to rely on "instinct" to get us through the tough times.
Trump just called Powell a major loser. Make no mistake, I voted for him to close the border which he did... but he is one major ah.China will not seriously negotiate if Trump is in charge. There is no trust that President will not tear any agreement. Wait until 11/8/2028.
I bought both, but I bought under 2000/ounce. This is not supposed to happen, moving like a Mag 7 at their peak. So either the world is ending or a significant pullback is in order to get back to a less psychotic appreciation slope.Are you all buying gold direct, ETFs?
I think you mean human nature.Aka needless stupidity.
Fed wants inflation at a low rate (high inflation or deflation is much worse)$BTC
Gold
Equities
$TNX yield
This is the nightmare scenario that this administration doesn’t want. The one group that wants this because it will lead to increased inflation expectations (uncertainty) is the Federal Reserve.
Trump absolutely knows how the monetary policy works. All this talk about Powell is pure theatre. The Fed wants inflation (they have been writing about it for over 10 years) and they can get it by uncertainty (‘tariffs will create inflation’). Getting rid of Powell (he can’t) will not lower rates. It’s voted on. Lmao. Pure performance. FOMC is how rates change and Powell and Trump knows this. They are working in concert
Fed wants inflation at a low rate (high inflation or deflation is much worse)
Uncertainty causes pauses in spending. Lower spending generally means lower inflation
Tariffs increase costs of everything, so it increases inflation
$BTC
Gold
Equities
$TNX yield
This is the nightmare scenario that this administration doesn’t want. The one group that wants this because it will lead to increased inflation expectations (uncertainty) is the Federal Reserve.
Trump absolutely knows how the monetary policy works. All this talk about Powell is pure theatre. The Fed wants inflation (they have been writing about it for over 10 years) and they can get it by uncertainty (‘tariffs will create inflation’). Getting rid of Powell (he can’t) will not lower rates. It’s voted on. Lmao. Pure performance. FOMC is how rates change and Powell and Trump knows this. They are working in concert
OMG. I have enjoyed and respected your posts...but this post makes me think that you are insane.$BTC
Gold
Equities
$TNX yield
This is the nightmare scenario that this administration doesn’t want. The one group that wants this because it will lead to increased inflation expectations (uncertainty) is the Federal Reserve.
Trump absolutely knows how the monetary policy works. All this talk about Powell is pure theatre. The Fed wants inflation (they have been writing about it for over 10 years) and they can get it by uncertainty (‘tariffs will create inflation’). Getting rid of Powell (he can’t) will not lower rates. It’s voted on. Lmao. Pure performance. FOMC is how rates change and Powell and Trump knows this. They are working in concert
And let's not forget a rate cut now is done at the beginning of major problems, not a turnaround instant fix. Notice the series of rate cuts circled in red correspond with the market crashes circled in green. I'll let this guy that wrote the article pertaining to that graphic explain it:$BTC
Gold
Equities
$TNX yield
This is the nightmare scenario that this administration doesn’t want. The one group that wants this because it will lead to increased inflation expectations (uncertainty) is the Federal Reserve.
Trump absolutely knows how the monetary policy works. All this talk about Powell is pure theatre. The Fed wants inflation (they have been writing about it for over 10 years) and they can get it by uncertainty (‘tariffs will create inflation’). Getting rid of Powell (he can’t) will not lower rates. It’s voted on. Lmao. Pure performance. FOMC is how rates change and Powell and Trump knows this. They are working in concert
OMG. I have enjoyed and respected your posts...but this post makes me think that you are insane.
U gotta feel pain before u win the war.View attachment 402474
"Usually US economic pain is cushioned by falling bond yields and a strengthening dollar, which mean lower interest rates and more spending power for consumers.
This time we’re seeing the opposite, meaning the pain will be amplified." - John Burn-Murdoch
U gotta feel pain before u win the war.
I find no coherent rationale in his "strategy".U gotta feel pain before u win the war.
Look not like asking every new anesthesia resident to face mask every LMA case during their month of Anesthesia training as much as possible.
The academic attending feels pain being in the room with new resident. The new resident is sweating to figure the best way to have the face mask fit the for the 1-2 hr case that’s normally done wirh LMA
That’s the pain people need to feel but it’s a learning curve.
It’s makes you better long term handling stress
Trump is trying to do the same thing. Short term pain for long term gains.
There is no way to pay for tax cuts he wants. He knows it. 1-2 trillion in tax cuts over 10 years.I find no coherent rationale in his "strategy".
You don’t agree with Trump on this one though right? Like you don’t really believe that tariff revenues will generate 1-2 trillion over 10 years right?There is no way to pay for tax cuts he wants. He knows it. 1-2 trillion in tax cuts over 10 years.
Unless he proposes something like tarrifs.
The easiest way to pay for his tax cuts is really to cut Medicare and defense spending but trump knows those are untouchables.
So he’s gotta focus on tarrifs revenues collected.
It’s as clear as day what’s he’s doing
Why is he gutting the IRS?There is no way to pay for tax cuts he wants. He knows it. 1-2 trillion in tax cuts over 10 years.
Unless he proposes something like tarrifs.
The easiest way to pay for his tax cuts is really to cut Medicare and defense spending but trump knows those are untouchables.
So he’s gotta focus on tarrifs revenues collected.
It’s as clear as day what’s he’s doing
I don’t agree with trump because tarrifs is the most complicated way to raise revenue. The revenue generated from tarrifs works on paper. It doesn’t work in real life in this political climate.You don’t agree with Trump on this one though right? Like you don’t really believe that tariff revenues will generate 1-2 trillion over 10 years right?
I don’t agree with trump because tarrifs is the most complicated way to raise revenue. The revenue generated from tarrifs works on paper. It doesn’t work in real life in this political climate.
The easiest way is to cut defense and Medicare spending. But every tom dick and harry politican is afraid to touch that subject. And no congressmen or woman wants to risk their politican lives to support such cuts. Repub or democrat.
Medicare already charges surcharge for part b premiums for people making over 85k ish.The baby boomer generation is the wealthiest and most politically powerful generation in the history of the world. The economic strategy now is continued wealth transfer from the younger generation to the wealthiest generation. The boomers are done accumulating…they don’t need to purchase homes or buy things to start and raise families. So now younger Americans who are trying to build a life and raise families will pay for a tax cut for the wealthiest generation while they sit on their mountains of money and no longer contribute to economic prosperity.
Ending Medicare for people with a certain amount of wealth is something I can support.
I thought it was more like 5 trillion.There is no way to pay for tax cuts he wants. He knows it. 1-2 trillion in tax cuts over 10 years.
Unless he proposes something like tarrifs.
The easiest way to pay for his tax cuts is really to cut Medicare and defense spending but trump knows those are untouchables.
So he’s gotta focus on tarrifs revenues collected.
It’s as clear as day what’s he’s doing
Tesla, up 40 or down 40 after close today?
Fascinating. It’s also butt ugly. Not sure how they revised the 3 so well and the Y so horribly.This past Saturday I was charging at a supercharger while I was eating pho for lunch. A guy in a Tesla jacket approached me when I got back to my car. He said he works at a delivery/service center and asked me if I’d like to test drive the new Model Y over the weekend and return it on Monday. Never happened to me before.
Medicare already charges surcharge for part b premiums for people making over 85k ish.
They lifted the cap for Medicare back with Clinton 42
We need Medicare for all. Just impossible for everyone to agree on how to implement it.
But 40% of Americans are already on some form of socialized healthcare plan already. So we are almost half way there. Unfortunately those 40% barely pay anything into the system anymore either with Medicare or tricare etc (they feel entitled to their earned health care) and 20% on Medicaid not paying a penny.
Many countries have fica style health tax for socialize medicineWhat do they pay? A couple hundred bucks a month? Meanwhile they are the number one consumers of healthcare. What does a family plan cost…for a family that maybe does a couple pediatrician well visits a year? Medicare is nothing but a wealth transfer from the young to the older and wealthiest generation in the history of the world. Obviously attempting to reform Medicare is a political non-starter for either party because baby boomers vote in force, but we should recognize that part of the reason young people are having a hard time buying homes and starting families is because we continue to subsidize the old and wealthy.
Tariffs are another subsidy for the old and wealthy paid for by the young. You like to use anesthesia analogies…older dinosaurs eating off the young partners is a tale as old as time.
Those of us at the top echelons ~$405-443/month for part B, and another ~$78-89/month for prescriptions. But, you likely still need a medigap plan, includes part D, which could be a couple of $100 more, or you can pay even more to Uncle Sam for regular Medicare. In terms of subsidizing the old and wealthy boomers, I agree the wealthy are being subsidized, but I know a lot of older people that are struggling. I personally will be paying more for Medicare than I did for health insurance when I was working, but I can well afford it. I totally disagree with those who argue that Social Security shouldn’t be taxed across the board. I agree that tariffs will have less impact on my generation. I also think it is ludicrous that there is talk of doing away with income taxes. What would stop me from taking all my savings and moving out of the US without paying a cent on my IRA, 457 or 403B? So many of my generation are transferring funds to their children to keep them afloat in this economy, and you hear the administration thinking of ways to encourage people to have children they can’t afford. Yet, the administration wants to tax the poor and middle class via tariffs and decrease the tax burden on the wealthy even more. The ever growing wealth gap will grow even wider with the current administration’s plans.What do they pay? A couple hundred bucks a month? Meanwhile they are the number one consumers of healthcare. What does a family plan cost…for a family that maybe does a couple pediatrician well visits a year? Medicare is nothing but a wealth transfer from the young to the older and wealthiest generation in the history of the world. Obviously attempting to reform Medicare is a political non-starter for either party because baby boomers vote in force, but we should recognize that part of the reason young people are having a hard time buying homes and starting families is because we continue to subsidize the old and wealthy.
Tariffs are another subsidy for the old and wealthy paid for by the young. You like to use anesthesia analogies…older dinosaurs eating off the young partners is a tale as old as time.
Tesla will go out of business or won't sell cars in 10 years. They will only have the US market to sell. Musk is already alienated 1/2 of the US market and ironically, these are the people (crazy liberals) who usually buy his car. Elon Musk is just an idiot.This past Saturday I was charging at a supercharger while I was eating pho for lunch. A guy in a Tesla jacket approached me when I got back to my car. He said he works at a delivery/service center and asked me if I’d like to test drive the new Model Y over the weekend and return it on Monday. Never happened to me before.
Nah. The big selling point for most people who buy Tesla is the FSD. 3 people this week at my work picked up their model y. Everyone was waiting for the new model y.Tesla will go out of business or won't sell cars in 5 years. They will only have the US market to sell. Musk is already alienated 1/2 of the US market and ironically, these are the people (crazy liberals) who usually buy his car. Elon Musk is just an idiot.
I own a model Y and I like the car, but Tesla PR is horrible. I think Elon should step down as a CEO.Nah. The big selling point for most people who buy Tesla is the FSD. 3 people this week at my work picked up their model y. Everyone was waiting for the new model y.
The model y is tesla money maker and people stopped buying model y the last 6-7 months who were in the market for new EVs.
You buy Tesla for the software.
Their software is years ahead of other competitors.
All the knobs and buttons their competitors still have in their ev is outdated.
Ask yourself. If you were to buy another EV.I own a model Y and I like the car, but Tesla PR is horrible. I think Elon should step down as a CEO.
The art of the deal.Trump proceeds to start retreating and walk back his tariffs on China.
He states he has no intention of getting rid of Powell.
Elon announces he will be "pulling back significantly" from DOGE in May to spend more time with Tesla.
They have yet to make a single trade deal with any country.