james22

The GSE Vibe Shift Continues: Part III Sheila Bair now says "It's Time" https://archive.ph/wip/hnV28

TALKING to Europeans (particularly non-Brits) about things like health care and welfare programmes is a treat. Most of the Europeans I meet seem to believe that huge numbers of Americans get no health care at all, while the rich few wallow in luxury. In fact, the biggest problems uninsured Americans face are not doctors refusing to treat them, but the fact that they use the incredibly inconvenient emergency room for most of their care, and that a really bad illness could force them into bankruptcy. (Some also believe that it reduces quality of care for chronic illnesses like diabetes, but this is much less clear). Not admirable, by any means, but a far cry from the tortured visions of poor Americans dying at the hospital’s door, their pleas for care unheeded. Americans on the other hand, the overwhelming majority of whom are insured, seem to believe that millions of Europeans die each year from lack of treatment. The reality is much less grim; a fair number of Europeans go without hip replacements and other quality of life treatments, and some do die on waiting lists, but many of those people would have died anyway, because they have nasty diseases with life expectancies measured in months. America caters, expensively, to their desire to live a few extra weeks or months; Europe does not. http://www.economist.com/debate/freeexchange/2007/01/crosscountry_perceptions.cfm

Over-consumption makes households financially over-stretched and more susceptible to adverse events. https://archive.ph/wip/wufO3 Did medical bills single-handedly account for more bankruptcies than anything else? No. https://www.bloomberg.com/view/articles/2017-01-17/the-myth-of-the-medical-bankruptcy

Exactly.

As hard as it is to accept you can't outsmart the market, it's even harder to accept you were outsmarted by (relatively blind) consensus/momentum investors. But returns are all that matters.

It's very, very hard to accept you can't outsmart the Market. Even managing to invest that 40% cash at the 2020 lows didn't catch me up to the blindly optimistic buy-and-hold Tech investor.

LOL Compare it to 2020 (Corona), 2007 (Sub-prime), 9/11, 2000, etc., etc. And those were only the crashes. You could also compare it to EVERY SINGLE OTHER YEAR where crashes didn't happen but were forecast. Every recovery is only a dead cat bounce, etc.

History always seems obvious in hindsight. At the time though, nothing is. Live long enough and you'll learn nothing is unprecedented.

Then you should know: It's always a period of disinformation and madness.

You're 22 years old. LOL How the fuck would you know?

Only Bitcoiners make it to the Promised Land.

The GSE Vibe Shift Continues The Senate Committee on Banking, Housing and Urban Affairs is Already Looking Forward to the GSEs Post-Conservatorship https://archive.ph/wip/yGwnG

I'd make a US Small Value investment before anything International/Emerging Markets if making a mean reversion trade. Just as relatively undervalued and with the Trump catalyst in play.

Nice!

TIRA to company match, then Roth. Does your company allow a backdoor Roth? If so, take advantage of that. Otherwise, a taxable account compares pretty favorably to the TIRA post-match.

There's as many ways to invest as investors, that's for sure. Thanks.

Monday is not priced in.