Castanza

+ 1 on this. I’ve been buying in drips and drabs for months now. MSGS still looks interesting. Idk if it’s pound the table, but the price is attractive.

+1

Thanks for sharing this @Spekulatius. Just an FYI as I didn't see it mentioned above that the penalty exists for a 5 year period. When can I cash (redeem) an I bond if I need the money? You can cash your Series I bonds any time after 12 months. You receive the original purchase price plus interest earnings. I bonds are meant to be longer-term investments; if you redeem an I bond within the first 5 years, you'll lose your last 3 months interest. For example, if you redeem an I bond after 18 months, you'll receive the first 15 months of interest.

https://www.youtube.com/watch?app=desktop&v=WkP0Esyfh54&ab_channel=JFI-JainFamilyInstitute Trying to keep this non-political This is an interesting listen for sure. Some random notes below. Purpose of NIA - Take pension under there wing for "guaranteed returns at a maybe slightly lower return rate" -NIA should be able to borrow from the FED to guarantee 100% principle returns on pension funds - Use federal funds to prop up failing companies which cannot obtain capital in the private markets - Fill the role of private market venture capital for companies which cannot get funding due to revenue/profit standards outside of private market expectations. "We want the NIH to be the patient investor" O&G O&G 35:00 "We want them to go bankrupt" "So that NIA can take over management of those companies" proposed similar structure to FNMA with GSE PIC Public Interest Counsel - Sounds interesting. A public counsel which has representation between regulators and private industry during times like nationwide financial crisis. Access to info, request info, provide to congress an annual report on it's assessment of NIA performance. Q What worries me is the NIA structure and the projects it chooses to take on. One of the listeners asked the question "What happens with projects that lose money (Ex. affordable housing). Her response is that the rest of the investments will be generating enough revenue to cover the cost burden of these projects. My question is, how tf can you guarantee this? We have private pension funds currently which are drastically underfunded and promised 14% returns etc. The NIA is supposed to promise 100% on principle, act as venture capital to private companies (which private capital wouldn't touch), take over bankrupt industries (with unions), and somehow backstop all of this with the FED? Perhaps my feeble brain can't comprehend this so I'm curious if any others on here have been following this? What impact would this have on the markets?

Merriam-Webster has been busy changing definitions the past two years. I think they should update the one for "transitory".

There is a debit card now where you can hold worth in physical gold and spend it in currency. Backed by some Swiss vault.

The question is what do banks say people can afford. A Coworker of mine makes the same as me. His wife also is a nurse so I have a good idea of their net income. The house they bought is probably 2.5-3x the cost of our. They drive two Audi and also have 80k in student debt. They bought their house after already owning those vehicles. Seems like banks will lend to just about anyone these days.

Still insane! You're talking 75-100% profit pre tax on a house in a few years. I guess I don't know the build cost, but as I said it couldn't have been ridiculous.

What the hell is up with Canada's housing market? I talked with my brother in law the other day who told me they are going to sell their vacation rental in Sauble Beach. They bought the lot for 200k in 2016/17. Not sure what it cost to build but I wouldn't imagine more than 200-250k. A lot of the work was done by themselves (and me). He said they were listing it for 799k?! I honestly don't believe that but I don't know much about Canadian real estate. Are people flooding into housing to hedge inflation? https://www.remax.ca/on/south-bruce-peninsula-real-estate/617-third-ave-n-wp_id305399172-lst

Haven't seen Biden's OCC nominee Saule Omarova mentioned yet on this thread or anywhere else. She holds some pretty radical views on credit markets and is a crypto skeptic. "By making transacting faster, easier, cheaper, and instantly adjustable to individual parties’ needs and preferences, new technology is empowering private actors to engage in virtually unconstrained financial speculation. Unless the public side proactively counters new technologies’ potentially destabilizing systemic effects, it may soon find itself in an impossible position of having to back up an uncontrollable and unsustainably self-referential financial system." Full Paper https://digitalcommons.law.yale.edu/cgi/viewcontent.cgi?article=1545&context=yjreg

1 in 10 people have an IQ below 83. The poverty rate in the US is 11.4% of the population. Schooling has something to do with it, but there is also an entire other degree to this. The United States Military has an IQ threshold of 83. They have studied this extensively for decades and come to the conclusion that there is absolutely NO job in the military that can be done by these individuals which provides any semblance of productivity or value. It has also been shown that NO amount of training, funds, or time can help people below this threshold learn a skill etc. This has been well documented by clinical psychologists. This is a problem that nobody knows how to solve and everything that has been tried does not work *(funding, trainings programs, government jobs programs, welfare, etc.).

I concur, it’s a very good book and worth a read and re-read. @TwoCitiesCapital The Brazil news if passed is certainlysignificant, but I still thinking looking at it as “the 13th largest economy” isn’t the right way. BTC needs a truly influential country to adopt it. I don’t think Brazil quite fits that mold. But perhaps a segway?

Make sure to get your work from home agreements in writing @Spek, I was just in San Antonio for a wedding this past weekend and turned it into a mini vacation with the wife. Spent a few days in Austin and Dallas as well. Stopped in Waco to make the "white woman pilgrimage" to "Mecca" I mean Magnolia. All three cities worth visiting (Waco not so much), but completely different vibes. Dallas was my least favorite though. Hog hunts with former SEALs make for pretty good bachelor parties.

Go big or go home?

Jordan Peterson has done some really great work and covers some really interesting topics on thought sociology and philosophy. Some of his early lectures on the USSR and Nazi Germany are pretty fascinating. Also if your a fan of Dostoyevsky or Neitzche he is worth a listen as he has done some extensive work on them. His Sam Harris debate is also worth a watch. Honestly it’s a disservice to say he is a self help guru. Or compare him to “Dr. Phil” who doesn’t even have a degree.

I will say at least China understands the influence the “arts” have on a society

That article is pure class warfare propaganda. Sorry, but this attack on savings, family money, private property, assets and financial classes is sickening. It’s the same language the USSR used and it’s being used by OUR journalists and politicians alike.

LOL and that it how Castanza became an alcoholic.

Recently watched the film "Dinner with Andre" and picked up a bottle of Amaretto (although not quite the same). It's an interesting liquor for sure.

What type of athlete are you?

I have Target, Wegmans, Costco and Giant near me and none of them carry it (and they’re supposed to according to FT website). Probably just order it online at this point.

I’ve heard of fever tree but can’t ever find it near me. Can only find tonic in generic half liters which always pisses me off because it goes flat. Next month I’m headed to Kentucky for some bourbon bliss. My friends wife was the lead design for Heaven Hill’s new facility/addition so she’s hooking us up with a private tour and potentially some unreleased small batch samples

Are you a gin man? Going to have to pick up a bottle this weekend. Sapphire the way to go? Typically just went with Beefeater or Tang

I agree with all of your points except the last It's not the money that is the problem, but the ways which is can currently be used to influence politics. Most of your above points would take care of the later imo. Govt has just so much waste it's sickening. I mean the latest infra bill is a perfect example. Look at how much is actually going to infra. We need a Calvin Coolidge president who does nothing but cut bloat for 8 years and once that's done re-evaluate what tax revenue needs to look like. Not an easy or simple situation and honestly I don't think there is a fix. I recent have re-read Solzhenitsyn: The Gulag Archipelago and some of Dostoevsky works. Class warfare is something that spirals very quickly and I find it concerning that there is very similar language being lauded by our politicians on both sides of the aisle. __________________________________________________ At the end of the day if you have to have a death tax, I think the cap could be much higher than 3.5m. I think society in general should be shifting back towards family dependence and not government dependence.

I don’t agree with the limitations on gifts for family members either. Here in PA we have a state death tax of 4% for family members distributions, 12.5% for extended family and I think 15% for friends give or take a few percent. I think it would be better if immediate family was zero and you stepped up from there. Would you rather have family members looking after descendants or government? These types of policies stifle ambition, progress, responsibility etc. and encourage more loopholes and under the table dealings. Simply put, it’s no business of the government.