Far too few understand that currency is just a medium of exchange, that:
“The value of a commodity is relative to other commodities.” If you sell your house at a $600k “profit” but can’t purchase a new similar house with the proceeds, did you win or lose?
Nice piece. Citations were both helpful and supportive. We went "all cash" just over two and a half years ago (when we saw the insanity escalate with the Biden admin. Yes, we lost some upside market movement and, yes, we'll be gradually get back in (sans Big Pharma, retail, and "Magnificent 7" stocks. Timing the market is bad financial strategy but failing to see what a TDS-deranged media and a Trump-hating Wall Street can do to a market is just as irresponsible.
As usual, another common sense piece of writing. Why isn't this kind of logic in most people's brains? Instead they cry and protest without thinking. Remember when Herr Moore called you Saint Eric? He knew.
Well, well, well. After todays master class by Trump, maybe those 401Ks become 802K's instead of 200Ks?
Nice article. I wrote a similar one about how the real price of an entry level car hasn't changed since Ford's first mass factory-produced model.
Well reasoned and written. Thank you for sharing.
Common sense thinking, based on life experience. Nice piece.
Clean up the swamp but don’t sweep under my feet. I don’t want inconvenience
I enjoy your posts.
Far too few understand that currency is just a medium of exchange, that:
“The value of a commodity is relative to other commodities.” If you sell your house at a $600k “profit” but can’t purchase a new similar house with the proceeds, did you win or lose?
Thanks for illustrating the concept.
Excellent piece!
Nice piece. Citations were both helpful and supportive. We went "all cash" just over two and a half years ago (when we saw the insanity escalate with the Biden admin. Yes, we lost some upside market movement and, yes, we'll be gradually get back in (sans Big Pharma, retail, and "Magnificent 7" stocks. Timing the market is bad financial strategy but failing to see what a TDS-deranged media and a Trump-hating Wall Street can do to a market is just as irresponsible.
As usual, another common sense piece of writing. Why isn't this kind of logic in most people's brains? Instead they cry and protest without thinking. Remember when Herr Moore called you Saint Eric? He knew.
Great piece, just sent to my grown children to help calm their 401k anxiety :)
42k, of course. Value matters. Plus it wasn’t so long ago the Dow was at 18,000.
Thank you for the common sense approach!
Great point
you noticed! sharp eyes and sharp mind!