Anybody Buying Yet? Where’s the Bottom?

[Irrelevant]

Gotta love the fiscal conservatives running this joint, so much better than those damn financially illiterate libtards.

 

[SAJ-99]

The Treasury just declared the U.S. insolvent. The media missed it | Fortune

The Government Accountability Office can't even verify the books. Here's what Congress must do.

fortune.com

Saw that yesterday. Made me laugh. With all respect to @Big Fin, the anaysis is flawed at best, and why the impact of most things are cut off at 10yrs. I just don't know how to make it better and certainly not how to make it correct. The analysis is correct by accounting or actuarial standards, but definitely going to be wrong because the future is largely unknown and there are a lot of moving pieces. In this case the future payout promises are more known than the future inflows, which are not promised, so they get counted. The whole thing gets skewed. Here is the summary of numbers from the article. I should be pretty clear there are some things missing. The whole thing is crazy. I assume the GAO has a big excel spreadsheet they do this on every year and no one wants to change it.

Even the GAO says the path is unsustainable. The path is measured by debt to GDP and I'm not sure GDP is the right measurement. If the goal is to tax as little of the pieces of GDP as possible then it is for sure the wrong denominator. Maybe Fins suggestion of debt per capital is a better measurement. I just don't want to tell all the people getting tax refunds on overtime and tips that their net financial position actually got worse.

 

[Irrelevant]

I just don't want to tell all the people getting tax refunds on overtime and tips that their net financial position actually got worse.

This is actually my biggest complaint, we've traded adults for whores. We need leaders that don't buy votes with reduced taxes on OT but flat out tell people, all tax breaks are going away, you're going to pay 10k more than you did last year, and that just is what it is. You also don't get SS until you're 75, the DoD gets a 40% budget reduction, and every other department needs to plan on 5% reductions every year for 4 years.

Instead we have these whores telling us how great America is while we spiral into corrupt doom, one tweet at a time.

 

[BigHornRam]

There is another alternative. You could trim the position. In your defense, I didn't like oil stocks up yesterday with oil down -10%. That isn't healthy. ditto gold and gold miners. I expect lots of volatility in these spaces. I'm more concerned about trends in overall economy and ultimate demand. 2025 was slow. 2026 looks anemic.

Lots of volatility. Wall Street is the new Las Vegas. Gamblers don't look at silly things like demand, the way an investor would.

 

[406dn]

But not convinced enough to buy?

I have enough eggs in that basket, I think.

I met a good friend this morning, and we ran our bird dogs from horseback. Then we ate lunch in Columbus. I noticed the Town Pump truck stop had diesel at $4.749/gallon. I did not see the price, today, in Laurel.