Recent content by Jordan

In other words, anyone who bought silver from August 2009 to today has lost money in real and nominal terms. That's probably generous, since people like to pay premiums to own physical metals. Six years waiting for (at best) dead money. Collectibles make crappy investments. More at 11.

I will bet anything against this prediction. SPXU will not go to $200 (split-adjusted) before January.

(Won't lemme delete this. Ignore.)

Jesus H. The HY universe is something like 15-20% energy. Junk bonds basically paid for all the capex in energy in the past few years. It's massive. Exclude the energy credits, and spreads wouldn't be as wide as they are now. Also, there are a lot of different technical factors that exist...

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Dudes, come on, Zippy is right. Read you some about the baht. Learn how currency crises affect currency reserves. Get'cho econ up.

Much to RPF's chagrin, it isn't the printing of money that causes inflation, but the spending of money. Fortunately, the velocity of money has been falling for a long time, so inflation has been muted.

The boom times are back! Thanks to falling unemployment, now measuring in at just 5.7%, Americans are quitting their jobs at a pace not last seen since before the last recession. If people are quitting their jobs, the logic follows that it is because they see better opportunities. If not for...

If it's one big scheme by the IRS, then I know where to send my thank you letter. Hire an Uber sometime. Then call a taxi. Tell me which you prefer -- it won't be the taxi, I'm certain of it.

I wish tipping would die off. Just another form of price discrimination. The chumps who don't tip have their meal subsidized by those who do.

Not sure why anyone would take a dump on Wal-Mart for this very patriotic move. Economically, this pretty important. Wal-Mart just increased the bar for wages at the bottom. That's probably a good thing. Also, although the OP's copied article shows that most people are already earning close...

Automakers have priced in ridiculous residual values. You can lease new cars very, very inexpensively.

Labor costs will probably be a concern as unemployment drops and employers have to bid for workers/poach from competitors. But really, trying to discern why the markets moved up or down in one day of trading is pretty silly.

Farmland is a bet on: Interest rates Crop yields Weather Ethanol policies Local/state property taxes Calling it a sure bet is pretty silly, IMO.

Using this as an indication of the economy is just plain dumb. Any reasonable person could conclude that if 35% of Americans had bad debts that were significant, every bank in the U.S. would have gone under. I'm not surprised the number is so high. Once in collections, and assuming its an...