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If you are unfortunate enough to follow the media or be within earshot of CNN, you know that they added the Moody’s downgrade to their portfolio of economic doom and gloom stories. Interestingly, the media had very little interest in the previous downgrade by Fitch in 2023.
The Biden administration protested and blamed Fitch (much like the Obama administration had) and Yellen began claiming that the downgrade had really happened under Trump, but what was most striking is how little interest the media had in the story.
While the first downgrade by S&P under Obama had been widely covered, the Fitch downgrade went by so fast that unless you were in finance you may have never heard about it. That’s in stark contrast to the coverage for the Moody’s downgrade. (And there’s far more justice in assigning the downgrade to Biden than there was in Yellen pretending that a downgrade in 2023 was really Trump’s fault.)
But the rule of postmodern journalism is that bad news involving Republicans and other political enemies must be covered as widely as possible while news involving Democrats has to be covered up.
It was politically motivated. A sad day for Moody’s.
Moody’s can suck my dick. I’ll never see a penny I ever invested. Who knows who’ll cash in but it won’t be me.
The market is for suckers.
The average return a well-diversified portfolio of stocks, easily purchased through an S&P 500 index fund, has been close to 10% over the long run. Invest $3,000 for 30 years and you’ll have $52, 348. Invest $3,000 every year for 40 years and you’ll have $1,327,78.
Stocks lose money in 3 out of 10 years but more than make up for the losses in the other 7 years. The rule of thumb is that the longer your investment horizon, the larger the percentage of your portfolio should be in stocks.
Avoiding a total loss is easily achieved by investing in any mutual fund.
I know who cashes in. It’s those who have a long run perspective and ignore the inevitable ups and downs of the market.
There are 5 counties around Galveston, TX that have privatized Social Security. (For public employees only)
That experimental retirement system yields many benefits; pass on to kids, much more money than gov’t SS, but it’s most striking thing is . . . It’s SOLVENT.
Bullshit. And who EVER cashes in? Nobody. The fake money sits there until you die and somebody else snatches it up……….and waits to die without it just like you did. Are you walking around with any portfolio money in your pocket? Living the high life? No, you aren’t, and don’t lie that you are.
Hogwash. That was true… right up until is wasn’t. 2000-2015. Anyone that retired in 1999-2000, and left their money in the market was a chump. Lost money adjusted for inflation… for 15 years.
Invest in what you understand. Investing is a calculated risk at best. Life is a calculated risk.
Vegas is a sucker’s game. Vegas is not a calculated risk. It’s losers’ holes.
Mutual funds though Vanguard and real estate is the least of the calculated risks. Sprinkle in a few CDs.
And the once homeless guy who lived in his car, is a multimillionaire decades later. Living the American dream.
Newsmax is a good investment. That network will exceed Fox News before long. The only reason it hasn’t done so already is because most people don’t know it exists. That stock will never go less than its original sale price of $10 bucks. Shit, for a day or two it was over $200 bucks.
Every time I gambled in Vegas I played Blackjack because the odds favor the player and are against the dealer. I only lost once in a round and immediately walked away. Every other time I walked away with free money.
Buy a Samsung TV if you don’t have one already, my friend. Those things have hundreds of free channels on them.
I lived in my car for awhile, LOL! I hated it but I was always thankful that I had a place to sleep. I guess it wasn’t so bad.
I’d sure like to be a millionaire, though. 🙂
Jeff, sell your portfolio and invest in Gold. It’s only going up at this time. I started investing in gold and silver 30 years ago when Gold was at $30 per ounce. Where’s it at now…..3300 per ounce. Stock futures are supposed to drop $400 today. The market just opened.
Ritchie has been giving you the standard speech about about stocks for the last 50 years. He didn’t even mention gold. But he is an idiot and a loser.
Given you are 60+ do you really have another 40 years to do the drip drip drip investing style program.
Hey cowardly Intrepid, first off, you are clearly a liar. Gold was no where near $30 and ounce. It is incredibly easy to verify your assertion is bogus. I suggest readers do a search for the price of gold in 1995,
Which has done far better over longer periods, gold or stocks? It takes one minute to get the answer to that.? Facts to you are like a mongoose is to a boa constrictor. You had better hope tariffs aren’t placed on dunce caps.
Read “Bond Market Shock: Is a New Financial Crisis Looming?” at American Thinker to understand why interest rates are not just up in the U.S., but also Japan. It requires understanding logic and data so you might want it avoid it?
After that, go to confession for lying. And hey, my three months off started Monday. Guess who is going to enjoy exposing your evasiveness and dishonesty? You got nuthin’!
Do any more research on me? “In your head, in your head…”
I’m a liar? So as I say, who is in who’s head? How did I manage to get that price? Perhaps I am a sharper investor than you think. Or perhaps you can’t think. And we don’t have confession in the Lutheran church, dumba$$.
OK I’ll tell you the secret. Estate sale and an inordinately dumb estate manager. I took advantage. So for me, my entry price was $30 per ounce. Three one ounce coins. About $95 bucks. Can you match that?
Bottom line, I don’t need to work anymore. I do what I want. Gold and silver has held me in good stead. And the occasional commodity play. Mostly the oil ETF.
I don’t care when your time off starts. You are just a teacher and a very insecure one at that. I guess you need a rest after all that heavy thinking about Thomas Sowell, Trump and tariffs.
And no, I haven’t done any more research on you. Don’t need to. You lead a boring dull life, which is why you need to brag and seek validation. I guess I don’t need to contact you first anymore. You will always be a little poodle. How’s your love affair with Neil Young coming along?
🎶🎶Oh to live on Sugar Mountain, with the Barkers and the colored balloons🎶🎶
Yeah, that’s about your speed. The only thing you get expose is your lack of……….cojones.
The price of gold goes up and down every day, dillrod. It’s a good investment because you can sell it for more than you paid for it.
Imbecile.
Yes, gold pays off. It’s value went down the other day but that was only one day and it’s ALWAYS valuable.
Thanks for the advice. Newsmax and Real Ameica’s Voice give the same advice every day. I listen to smart guys like you. It doesn’t pay to be dumb and ignore good advice. That’s how I married my ex-wife and ended up with my current girlfriend. 😛
The data provided is overwhelming, oh sorry, absolutely missing.
Trump didn’t make Social Security and Medicare the third rail of politics. He just increased the voltage.
Quick: name the Republicans who might not vote to renew the Trump tax cuts unless the SALT deduction is increased substantially? Let’s hope the GOP doesn’t once again squander the trifecta in government. Maybe, if the tax cuts are not renewed, the GOP can claim the vote in Congress was fraudulent.
I accept the assertion that the “role of postmodern journalism” is to make Republicans look bad and Democrats good. The role of too much right-wing journalism, not all, is to ignore Republican inconsistency. The Wall Street Journal justifiably criticizes big deficits regardless of who is in power. The consequence? We get the clueless claiming the Wall Street Journal is not a conservative publication. How dare they be critical of Trump!
What are the projected deficits going forward, even after DOGE? As a percent of GDP, are those deficits a recipe for a debt spiral or not? Demonstrate your economic bona fides. (Alternatively, just make some gay joke and pretend you’re not conspicuously avoiding unpleasant facts.)
Most Republicans and Democrats in Washington have zero credibility when it comes to fiscal responsibility. Remember the GOP’s politically successful “Contract with America,” which included a balanced budget provision? Suckers! You thought we were serious about that?
It was President Trump who called the printed-money, deficit-financed stimulus checks of $600 “measly.” He said it might take two terms to balance the budget. Here’s the progress he made in his first term, even when the unemployment rate hit 3.5% pre-pandemic partially thanks to lowering tax rates–> <–
It appears that Frontpagemag authors are "oddly uninterested" in the demonstrable fiscal irresponsibility of the GOP at the federal level. I don't think my children and grandchildren will care which party saddled them with a "huuuuge" national debt and unfunded liabilities. Maybe President Trump can just state "unfunded liabilities and huge national debts are two of the most beautiful phrases." and that will solve the problems.
richard johnston:
You’re claim “the demonstrable fiscal irresponsibility of the GOP at the federal level” is a deceptive half truth. The who truth is that both parties are equally fiscally irresponsible. Democrats more so than republicans but the impartial facts render that a moot point
But I presume that you have an ax to grind with the republicans and hence the deception. Understandable but you’re looking at the issue with tunnel vision.
I on the other hand am a registered independent. To me, republicans are as equally contemptible as democrats.
Moreover, in the interest of full disclosure, I was once a life long republican until circa, 2003 when GWB, neocons and RINOs compelled me to leave the party in disgust.
(I don’t like forever wars or expanding US debt and deficits, shipping American manufacturing and jobs abroad and looking the other way while our country is being invaded, among other things but I digress.)
I’ve been a registered independent every since and have zero regrets. It’s one of the most astute things I’ve ever done in life.
“Most Republicans and Democrats in Washington have zero credibility when it comes to fiscal responsibility. ” I’m not sure what my “half-truth” or deception is.
Shipping jobs abroad? It is the consumer who is ultimately responsible for pressuring companies to offer lower prices. I am still waiting for just one person–maybe you will take a crack at it–to explain why a capital account surplus is bad. Trump wants foreigners to invest in the U.S. To do that they need U.S. dollars. They can only get those dollars by having trade surpluses with the U.S. Demonstrate that statement is wrong. It is, honestly, laughable that Trump is trying to get U.S. companies not to raise prices because of the tariffs. The reason Americans will buy domestic goods instead of imports is because the tariff will raise the price.
Oh Ritchie,
You are the standard liberal stereotype with the standard issue advice when it comes to investing. Mediocrity guaranteed. Back in the day I used to watch the PBS’ Louis Rukeyser Hour with all of his guest’s predictions on how the market was going to do. They were generally wrong especially when things went haywire during the late Clinton years.
Thank God I invested in gold when it was $30 an ounce. I can afford anything I want these days. And I have been self employed for many years while you play kissy face with your overlords. No wonder you still “love your job”, No wonder you can’t retire.
Since you keep asking, so you can have another shot at trying to ridicule me, I’ll tell you what I do. I spend my days restoring vintage WWI and WWII rifles that need fixing up. An old stock needing some TLC, perhaps fixing up the guts of the rifle i.e. parts that need replacing, etc. Mostly British and American rifles and the occasional German Mauser. And my customers aren’t sniffy delicate flower snobs like you. They are actually humans who love to shoot. What, not intellectual enough for you? F.U.
“Avoiding a total loss is easily achieved by investing in any mutual fund.” What if the mutual fund manager is a wimp. Investing in “any mutual” fund is a sure way to lose money or stagnate.
You really shouldn’t be giving investment advice to anybody, considering you are a dink associate professor at a dink college. Why would I trust you with anything?
BTW did you wear your very edgy American Flag pin at your commencement ceremony? Yeah, you’re a conservative. You couldn’t find “conservative” with two hands and a flashlight.
No gay joke? You’re disappointing us.
Hey cowardly intrepid, tell us again how you bought gold 30 years ago for $30. (Jelly Roll’s song “Liar” blasts in background.”) And I purchased Berkshire Hathaway stock at 3 cents a share 30 years ago at the same time I purchased a condo on Mars that had leprechauns living nearby.. (Does it look like I’m enjoying this?)
Have you watched my Tea Party speech yet? Crickets from the prevaricator! (Bok, bok, bok, bok…)
Will you please provide evidence of mutual funds in which investors lost everything? We’ll wait until you adjust that dunce cap.
I shouldn’t give investment advice to anyone? (Shhhh, please! I don’t want my two millionaire brothers, both retired from the NYPD, whose retirement contributions were allocated to….wait for it…index mutual funds, to realize how I don’t know anything about sound investing. Have yo done any research on them? 🙂 Yep, all I ever did was pass all the exams to earn the Certified Financial Planner designation and teach an investment course at college for the past 35 years.. Entertain us, why has there been such a low percent recommendation for gold in a portfolio?
Wow! You repair guns from WWI and WWII? When the Pope gets his army together to fight Muslims as you have posted, will his army be using any of those guns? (Maybe all those soldiers who like you bought gold at $30 an ounce can buy new guns!)
Now the final thing I’ll enjoy posting. Ready? How are Trump’s proposals related to the price of gold, and interest rates, increasing? I just know this is going to be entertaining or conspicuously evasive.
I don’t wear an “American flag pin” but instead an American flag patch but yes, I did wear that at commencement. Hey genius, any guess as to what professor WAS the college commencement speaker? Hint: he’s the same professor who was a speaker multiple times at Tea Party rallies and an emcee of another. I was particularly appreciated because there are so few conservative professors. You got nuthin’. Let the fabrications commence.
(You don’t object to me putting your posts in a file to use in the future, do you? 🙂 )
With the money you made on three gold coins you can “buy anything you want these days? Hmmmm, tough one. What costs more than $10,000?
What total a$$ you are. I sense jealousy.
Yeah three gold coins. You got a problem with that? You have assumed I haven’t bought any gold since. I buy gold and silver every few months and have for many years. Meanwhile you are stuck in the boilerplate world of investment
I am doing very well and I can buy anything I want. Can you afford the chalk you use on your black board or does the college have to put together the few dollars for that.
You are a small minded pathetic jerk working a small time job at a small time college. The only thing you seem to be any good at is ridicule of others.
Have fun recycling Thomas Sowell this summer while listening to your Neil Young albums I feel bad for the numbskulls who have to take your classes at your dink college.
I don’t really think you are enjoying this. It sucks being made to look like an academic fool. But countering your worn out arguments is kind of fun for me. I get to see what a small minded prick you are. And I don’t care if you file away my comments. Stick them up your a$$ where your boyfriend lives.
I also don’t care if it was a flag pin or a patch. You are an idiot liberal and it’s pretty clear you never miss an opportunity to bag on Trump. Hey, how about that BBBill passing the House last night. Trump wins again. Sucks to be you. Stick to what you know….classroom theory about Econ 101.
So how long are you going whine about my gold purchasing sleight of hand 30 years ago?
You seem to have a problem with people who work with their hands. I am not surprised. At least I will be able to protect my family. You won’t. You are truly a pathetic pansy elitist and a snob.
Yeah, I restore rifles for folks who collect rifles. I make a good living doing it. I purchase old rifles from gun shows for between $250 and $400 and turn them around for between $700 and $1000. You can find stuff similar to what I do at the used gun libraries at Cabelas. I don’t have to feel smug either. And my customers aren’t smug elitist snobs concerned with T. Sowell.
Since you are obsessed with the Pope getting an army together to fight Islam, like Urban II did, I would expect he will use semi autos and full autos. Like I said, I don’t expect you to be on the front lines. You might get those fingernails dirty Dhimmi boy.
I guess you are afraid of firearms. You are such a pu$$y fag in your little riding hood soccer outfit.
Regarding your stupid comment about gold and Trump, the price was rising all through your hero Biden’s faux presidency. So I don’t think it has anything to do with Trump. It was pretty steady from 2016 to 2020 but 2020 was when it really took off. That’s how incompetent Biden was.
As for your pathetic tea party speech, you really should stop dwelling in the past. No one cares, you suck up liberal twit. Say hi to fat man Pritzker when you see him.
Tell us which investment book is your favorite. I assign A Random Walk Down Wall Street to students. In it, they learn they should be using index funds. Assuming you can afford to buy the book, on pages250, 321,323, and 341 the author discusses gold.
Please educate us again how gold has done so much better than stocks in the past 30 years. Oh, I forgot, your $30 investment was three gold coins purchased at a yard sale. Quick everyone, go to local yard sales and see how many gold coins you can buy below today’s prices.
Nuthin!
Gold is forever and stocks are for retards.
You can put gold in your safe. Where can you put stocks? Does the Great Depression ring a bell?
Cretin.
Be careful Jeff. When he runs out of cheap insults he thinks are clever he’ll start asking you irrelevant gotcha questions about the Great Depression and the Smoot Hawley tariffs of 1930. They loom large in his world.
Estate sale, not a yard sale doofus. And what if it was a yard sale? I said how much for the Krugerrand and the two St Gs. The guy was not brightest bulb on the tree so he quotes a price and I bought the coins. And it was $30 per coin. You really should pay attention, moron. Sucked to be him, and you, since you can’t let it go. Bitter table for one.
I don’t care what book(s) you “assign.” I am not your effing student and this ain’t your effing classroom. This is the real world and you are just a silly small time teacher, no matter how many patches you wear on your gown.
THX always assigns to everyone books and videos to watch, mostly about his girlfriend Ayn Rand. Riveting stuff.
Is that last paragraph supposed to depress me? Keep whining about about my first gold trade. I can spot jealousy from a mile away Mr. Chips. And keep working on that Sowell project. After all, teachers need something to do during the summer.
I got a copy of the book and downloaded it. I had a peek. Are you trying to bore your students to death. So much useless crap to absorb. Please don’t ask me any questions. I only got through two paragraphs.
It is precisely the type of gobbledegook I would expect from an egghead like you.
If were in your class come Sept, I would be out by October. and picking a new major.
It still bugs you that I cleaned up with my first trade. Too bad. I didn’t even have to pay tuition. I will admit that I took advantage of that guy, But hey, that’s business.
Repeating the $30 lie for three gold 1 ounce coins is like Goebbles repeating the big lie about the Jews. No wonder they lost.
I didn’t know you were related to two cops. How come they are millionaires and you’re not. I guess you are too busy watching your index funds move up and down and go nowhere. The safe and sensible Mr. Johnston on display for us all.
I’m going to the range tomorrow morning. What should I bring? 30-06?Creedmores? 7mm Rem Magnums? 223? Enfields rounds from WWII? Factories or reloads. I need your advice, seriously. I would just love to see you wet yourself with the first shot. Don’t forget eyes and ears.
Moody’s is a joke, that’s why the markets didn’t react. They rated Lehman Bros AAA two days before they went bankrupt. The Biden administration said the amount of debt and deficits didn’t matter and they could print and spend limitless amounts of money. Now barely 100 days into an administration that is actually trying to do something about it and they downgrade. Again, a total joke.
Exactly! And enemies of America.
Of course they weren’t. The mission is to destroy Trump by any means necessary. There could be a two mile wide asteroid headed directly for the center of the country and the media wouldn’t bother covering it. Why? Because the mission is to destroy Trump. Everything else takes a back seat.
At the same time, Trump could announce that that asteroid is going to hit the center of the US and everyone should evacuate the area. The MSM would immediately call it a hoax and accuse him of being a liar. The dems would call for him to be impeached. In the aftermath, they’ll also blame Trump for the asteroid hitting the US.
I did not know until today Moody’s rated politicians. If Moody’s was not biased and bought by the demoncraps, they would have rated Trump 45 as stellar, President Donald J, Trump as a Knight Excalibur! Trump 47 and POTUS 47 Stellar Cabinet Knights Excalibur as anything but stellar.
So Moody’s should be called Poody’s because they are equal to our morning dumps