13 Comments
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CognitiveCarbon's avatar

Well, well, well. After todays master class by Trump, maybe those 401Ks become 802K's instead of 200Ks?

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Arjun's avatar

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.

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Anne Lewis's avatar

Well reasoned and written. Thank you for sharing.

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Mark's avatar

Common sense thinking, based on life experience. Nice piece.

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Debra Cockrell's avatar

Clean up the swamp but don’t sweep under my feet. I don’t want inconvenience

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Agrippa Kissam's avatar

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.

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Jay Lowell's avatar

Excellent piece!

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Reggie VanderVeen's avatar

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.

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VA Carlos's avatar

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.

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Hilary Didit's avatar

Great piece, just sent to my grown children to help calm their 401k anxiety :)

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ALtab's avatar

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!

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Jay Lowell's avatar

Great point

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CognitiveCarbon's avatar

you noticed! sharp eyes and sharp mind!

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