Here’s the first batch of answers from the Ask Me Anything. We covered a lot of ground in here including my view on factor investing, the FIRE movement, asset allocation in retirement, how bonds work and Fed policy. I hope you enjoy this and if you do please like and subscribe to the YouTube channel and we’ll do more videos in the future. If you have another question feel free to leave it here and we’ll answer it in Part 2. 00:00 Introduction 00:05 What has caused...

According to Politico, Trump is against cutting Social Security and Medicare: Former President Donald Trump issued a warning to Republican lawmakers on Friday: Don’t lay a finger on entitlement programs as part of the debt ceiling showdown with the White House. “Under no circumstances should Republicans vote to cut a single penny from Medicare or Social Security,” Trump said in a video message. . . . Nevertheless, in issuing his...

Politik para nedir? Yanis Varoufakis anlatıyor. #yanisvaroufakis #para #politik #politika #politikpara #money #ekonomi #ekonomik #siyaset #bitcoin #crypto #kripto #kriptopara #btc #merkezbankası #neoliberalizm Twitter: https://twitter.com/AkiskanBirey

Lately, when trying to write up my results I use terminology from classical political economy. The table below maps some terms from classical political economy to terminology for marginalists. Terminology ClassicalMarginalistUse valueUtilitySupplyQuantity suppliedDemandQuantity demanded(Normal) profitsInterestExtra profits(Pure) economic profitsSupernormal profitsMarket pricesShort run pricesNatural pricesLong run pricesPrices of production I probably am leaving some important mapping out....

Another sad day in classic music Mobile Fidelity Ultra-Disc One-Step 45 RPM

MTG with the “checkbook!" analogy:Mitch McConnell and Chuck Schumer wrote checks the American people can’t pay. Then they worked with Joe Biden and Nancy Pelosi to pass the problem to @HouseGOP.I will not sign off on a clean bill raising the debt ceiling limit! pic.twitter.com/Kne73d73Cp— Rep. Marjorie Taylor Greene?? (@RepMTG) January 19, 2023 Ultra MAGA digging in for a slog…

Charles Gaba is doing another update on Covid death rates taking into consideration Partisanship and vaccination rate. At the bottom I include his last update if you wanted to compare commentary. “January Update: COVID Death Rates by Partisan Lean & Vaccination Rate (including BIVALENT BOOSTER data),” ACA Signups, Charles Gaba (sigh) Last month I posted what I assumed would be my final update of the red/blue and vaccination-level COVID...

Causal inferences — what Big Data cannot give us .[embedded content] The central problem with the present ‘Machine Learning’ and ‘Big Data’ hype is that so many — falsely — think that they can get away with analyzing real-world phenomena without any (commitment to) theory. But — data never speaks for itself.  Data by themselves are useless. Without a prior statistical set-up, there actually are no data at all to process. Clever data-mining tricks are not...

Jobless claims continue their string of good news  – by New Deal democrat If yesterday’s economic data was bad, this morning’s was considerably better (I’ll post on housing construction later). Initial jobless claims declined 15,000 to 195,000, tied for their best number in almost 8 months. The 4 week moving average declined 6,500 to 206,000, the best number in over 6 months. Continuing claims, one week earlier, did increase by 17,000 to...

It’s the good oooolld “govt as business!” art degree analogy by this person who I guarantee does not even know what Basis of Accounting the US govt uses…. GUARANTEED… lock it…Would you invest in this business?Total debt: $31 trillionAssets: $4.8 trillionAnnual revenue: $4.9 trillionAnnual Income: $1.4 trillion LossThis is the US Government.— Genevieve Roch-Decter, CFA (@GRDecter) January 19, 2023