My two-fer-Tuesday morning train reads:
• The Surprise About Weak U.S. Profits Is How Strong They Are (Bloomberg) but see Warren Buffett and Jeremy Grantham have been warning us about this moment for years (Business Insider)
• 60/40 Return Expectations (A Wealth of Common Sense) see also Goldman’s O’Neill Comes Up Short on active investing (ETF.com)
• Charley Ellis Foresees a 401(k) Crisis (Morningstar)
• Who Owns Stocks? It’s Not Just the Rich (Real Time Economics)
• Apple Executives Mark Anniversary of Steve Jobs’s Death With Personal Tributes (Re/Code)
“I’ve volunteered to go to prison with the government many times. What I won’t do is I won’t serve as a deterrent to people trying to do the right thing in difficult situations,” Snowden said in the interview in Moscow,
Shut up. Leave Russia. And do the time for your horrific CRIMES, Criminal.
Snowden you are a criminal and a traitor.
Europe’s highest court just rejected the ‘safe harbor’ agreement used by American tech companies
Snowden, Hopefully you can get a job repping Chinese tech when you get out of jail in thirty years. They are set to take over with THEIR eavesdropping equipment thanks to your sorry ass.
You certainly have the right to have that opinion about him but in mine he’s a hero.
He’s a bigger patriot than you or me, VD.
You’re just too thick to realise it.
Having re-read BR’s rules for posting, I’ll leave it there.
You’re sounding a lot like one o dem ole Republicans you love.
Think about this….usually a traitor is motivated by personal gain or
due to some warped ideology.
Snowden definitely was not motivated by either of these.
From what I have seen he just wanted to wake up Americans
to what their government was up to.
What should he have done instead…sit in the corner and suck his thumb?
the myth that a good guy with a gun stops a bad guy with gun
seems that hospital bombing isnt what we have been told it was
The Putin and Assad solution to the hospital problem is simple: you either deny it ever occurred; or just say that somebody stored explosives there and blew itself up. That way you don’t have to pay attention to the event at all.
Did you check out the comments on that gun article?
Pretty obvious why America has a gun problem listening
to the gun-toting heroes there….
circling the VWs?
Re: Charley Ellis 401k crisis
I think the real solution to the 401k problem is to set up a default 401k, similar to a 529, at the state or federal level. Any employer could use it as long as the employee put in at least 6% of pay and the employer immediately matched 3% with instant vesting with no minimum waiting periods or investment amounts. The contributions would be sent in with FICA taxes. The investment would be a diversified target date fund with an ER of less than 0.5% (preferably less than 0.3% – financial firms could bid at 5 year intervals to manage it). High school students scooping ice cream could be enrolled in it as well as many mom and pop small businesses.
A strong Social Security plan at current levels, which is essentially a government-guaranteed annuity, with a 9% savings plan invested in the markets would likely suffice for most people since the savings would be starting at an early age.
However, it would have to move the financial sector away from its current looting mentality where the primary goal is to plunder 1%-3% annually from savers while mystifying them with complex mumbo-jumbo sales jargon. Given the current war being waged in Washington over the fiduciary requirement, I can’t see that helping savers and society is high on the agenda of these firms.
BTW – the longest I have worked for any firm has been 13 years. Defined benefit plans would have been disastrous for me. However, I have been amassing a fair chunk of change in defined contribution plans over the years so that retirement should be comfortable without having to work until 70.
What a ‘profession’. Check out the headlines: http://us9.campaign-archive2.com/?u=e90a2bc1c5a113780917ebd6b&id=bfed088d5e&e=59e03b64af
Investing Armageddon and record profits. Ha!
A basic rule of thumb of mine – avoid financial innovation like the plague: http://www.bloomberg.com/news/features/2015-10-06/how-two-guys-lost-god-and-found-40-million
Amazing how something like this is allowed and leeches like these guys are getting filthy rich. It does pay off to be scum.
Handy tool for Republicans who find it easy to express their politically correct feelings with the ladies.
Did I say Correct? I guess it depends on your POV
Does anybody actually invest in a 6040 portfolio? I would expect that a 40/20/40 or 30/30/40 portfolio would be much more common as most portfolios now, and certainly most “all-in-one” funds now have a healthy dose of international stocks (some have international bonds as well).
yes, essentially. Paper assets 50%: 60/30/10. Real assets 50%. Most dependable performer? Human capital!
Proof that retiree financial advice in general is FUBAR: http://www.wsj.com/articles/a-bracing-year-for-target-date-funds-1444010538
More twisted, intellectually dishonest op-eds from the GOP Media Machine
GOP media machine in full volume trying to bury McCarthy’s admission this is a political hack-job, plain and simple.
You’re not going to convince ANYONE with this kind of bullshit, so it’s all about holding onto the weak minded goofballs.
Cathy McMorris Rodgers Booed Over GOP’s Benghazi Probe
And they notify everyone and repeat the message on all the Media outlets.
And you believe them, GOP Genuflector. God you’re dumb.
If only this eight year old girl had a loaded pistol!
South Carolina is discovering what it means when dams nationally are rated as a “D” and bridges sa a C+ on the National Infrastructure Report Card: http://www.infrastructurereportcard.org/a/#p/grade-sheet/gpa
No funds for them unless we find another place to cut.
re: Warren Buffett and Jeremy Grantham have been warning us about this moment for years
They are really stating the obvious – the economy is bad during recessions. However their statement highlights their error: “In every period except one, a 0.6% decline in margins in 12 months coincided with a recession.” Coincidence is not a cause or even a leading indicator. If you look at most of the time periods, the dip in margins doesn’t happen until a recession has already started.
Really useful information is in the ‘these three signs show a recession is imminent!’ posts.
Heading for the tipping point where the renewable will push out coal and gas plants, even if we remove subsidies from renewable but continue those for coal and gas.
One more big breakthrough in energy storage and Coal will be toast.
What the TPP likely ain’t and likely ain.
That Massive TPP
It is amazing how the elite media can be dragged along by their noses into accepting that the Trans-Pacific Partnership (TPP) can have a big impact on trade and growth. …The reality is that the vast majority of the trade between the countries in the TPP is already covered by trade agreements as can be seen. [pie chart]
This doesn’t mean that the TPP can’t have an impact. It will lock in a regulatory structure, the exact parameters of which are yet to be seen. …We also know it will mean paying more for drugs and other patent and copyright protected material …[and] …the Obama administration gave up an opportunity to include currency rules. This means that trade deficit is likely to persist long into the future.
NB: The relationship between an expensive (AKA “strong”) dollar, increased trade deficit and increased unemployment rate is grossly under- and mis-reported in the financial press. Generally speaking the average working American pays dearly for cheaper foreign goods and less expensive vacations abroad (when they take them which is rarely).
Scandal in Fantasy Sports Betting!!!!!
They ain’t seen nothin’ yet. Just wait until the hedge funds figure out that there can be real money made here.
ZIRP takes on a whole new meaning
Oct 6 2015, 03:07 ET | By: Yoel Minkoff, SA News Editor
Officially joining the 0% bond club, the U.S. Treasury sold a new government security on Monday containing a three-month maturity and a yield of zero for the first time on record.
In essence, buyers gave a free short-term loan to the government in exchange for a highly liquid debt instrument for their portfolio.
The result adds to the diminishing expectations – stoked by Friday’s disappointing jobs report – that the Fed will keep interest rates at basement levels throughout 2015.
In fly-over country working families with children can pay more in child care costs than on housing.