World’s Worst Novel: Chapter Twenty-Six

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29 Responses to World’s Worst Novel: Chapter Twenty-Six

  1. EO says:

    Found an interesting article this morning, for those of us who are not entirely trusting of the health care industry, and who understand statistics.

    The Case Against Early Cancer Detection

  2. EO says:

    All this article did was reaffirm my committment that I will never, ever, EVER, buy a Tesla.

    This whole game of pitting worker against worker, whether it is town against town, state against state, or country against country, is appalling, and at the root of why capital has all the advantage, and labor has none. Same as it ever was.

    There’s more to that rant… 😯 The short version goes to why it so pisses me off that average working class joes allow themselves to get bamboozled into a bunch of tea party, hateful, antigovernment, austrian, sewage, that will do nothing but further deliver them into the hands of their oppressors.

    GOVERNMENT IS NOT THE PROBLEM, ASSHOLES!!!

    http://thereformedbroker.com/2014/11/30/the-impeccable-hustle-of-elon-musk/

  3. EO says:

    I just can’t wait to sell all my gold. All of it. Dead money. It transcends considerations of bull market or bear, gain or loss, or diversification. It has simply become symbolic of everything I despise.

  4. EO says:

    Much gnashing of teeth today among the anarchists over the obliteration of the Swiss gold vote. They assume the fix was in, and double down on their will to keep on buying all the way to zero. They just can’t entertain the possibility that perhaps the Swissies were just not as stupid as they had hoped.

  5. EO says:

    Just got our tree up. That first blast of piney smell is always the best.

  6. Dryocopus pileatus says:

    let’s see if this even works…

  7. Dryocopus pileatus says:

    it was only maybe 15 years ago that the Swiss Franc actually was backed by gold. it was the most respected currency in the world then too.

  8. EO says:

    Metals meltdown in progress, especially silver. It will be fun watching the miners tomorrow.

    Some kind of no-bid, flash crash in silver there for a moment. Was around 15.25 and next time I looked it had gapped down to a 14.09 low and then back to the 14.50’s. All in a blink.

  9. EO says:

    How ’bout dem Packers, eh!

  10. Dryocopus pileatus says:

    all that QE and here we are back in deflation, but with even more debt. at least that is what i think is happening. all i know is that it seems like it did just before the meltdown in 2008. i really hope i am wrong. i can’t get any more broke, but i sure would like to have at least a snowballs chance in hell of finding work sometime again.

    tomorrow will be interesting alright. will the stock markets in the USA continue screaming upwards? the Nikkei is at a decade high tonight, while Japan’s economy is terminal. good grief. but yay Keynes!

  11. EO says:

    And now metals are up. Silver had flash crashes in both directions overnight. It’s a mad mad mad mad world. I’m glad I don’t try to trade that stuff. Fun to watch though.

  12. xty says:

    I have said it before, and I will say it again [just ask anyone who knows me] that the only answer really lies in being as diverse as possible. I would not sell all my gold unless I really had to … balance in all things, and incremental change.

    And good morning.

  13. xty says:

    And my name in flashing lights!

  14. EO says:

    More likely the cooler-headed reality will be to gradually sell down. I have the route to debt free status charted out, and will sell whatever is needed to stay on track.

    In truth, it’s the debt free status that I’m really chomping at the bit for.

    I don’t see gold as an effective hedge for anything anymore though. It’s just a pile of money sitting there doing nothing, that aught to be put to work. Every time I sell metals and reduce debt, I’m at least earning the rate on the debt.

  15. xty says:

    aught also ought (ôt)
    n.
    1. A cipher; zero.
    2. Archaic Nothing.

    A freudian typo if ever there was one.

    But I am not so inclined, and still see the importance and value of the metaphorical family silver.

  16. Dryocopus pileatus says:

    i haven’t changed my mind on much either. i should not have over committed nor should i have tried to time events. other than that, all the reasons i bought metals are still there, actually even more now.

    well looks like last night was just another example of big players pushing their advantage. i have not had a chance yet to read any of the Monday morning quarterbacking, so to speak. the truth is no one but a few elite insiders can make sense of these markets anymore.

    i volunteered at a food pantry today. no one i met today was watching the financial markets last night. i doubt i missed much today either. but i will go check now. just curious you know.

    sorry as usual for rambling. 🙂

  17. EO says:

    I’ve gone through a 180 degree sea change in my thinking about metals. After thinking one way for 30 years, it all came unwound in 2 or 3. I think the narrative is bunk, and the scoundrels always out there pushing said narrative are just that…scoundrels. To put it mildly.

    Of course all is murky and complicated. No one can know for sure. One way to peer through the fog is to try to understand the people involved. It turns out the people involved in the metals story are people I disagree with on pretty much everything else. People I wouldn’t trust as far as I could throw them. I’m uncomfortable being associated with these people. I’m uncomfortable with such a token, like physical gold, being present in my house.

    Nope. Not murky.

    I might be heavily long gold again, financially and emotionally, someday. But it will be because the trend is right, and I aim to sell again at a profit. Nothing more, nothing less. I’m not “perma” anything. There is no asset class that has a permanent place in my portfolio. There is no asset class that I’m willing to buy into the teeth of a downtrend. No “faith-based” investing for me.

  18. Pete Maravich says:

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  20. Pete Maravich says:

    tune for the fine lady.

    I would love to still have my gold and silver stuff (coins). That 1876 gold double eagle and the Mex 20 peso (w/the Aztec calendar on the back) that I briefly held were sweet, and I was quite fond of them. They ended up staying with family, so i’ll count it as a small victory.,

    Wish I had the cash to buy your stash EO. …I remember you having some very nice coins. Hi/Love to all.

  21. Pete Maravich says:

  22. Pete Maravich says:

    bit of Heads. :mrgreen:

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  24. Pete Maravich says:

    for ze Woodpecker:,,,

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