riggins

6 ms·

1.
by riggins 2y ago
> The tax burden in the US already is mostly on the working class. not really https://www.federalbudgetinpictures.com/do-the-rich-pay-thei... https://taxfoundation.org/research/all/eu/taxin
2.
by riggins 5y ago
I assume you mean OP? > The entire world (including the US federal government) has taken a short position on the US dollar I read this as a prediction of some type of crisis. Anyway, wrt the US Federal Government, having government debt
3.
by riggins 5y ago
Name 1 example of a currency crisis where the debtor nation had debt denominated in their own currency. I'll save you the time. There are no examples. Every currency crisis has debt denominated in a foreign currency. - Germany in the 1
4.
by riggins 5y ago
https://www.nytimes.com/interactive/2021/08/18/opinion/infla... "In July, some of these sectors (used cars in particular) experienced a big deceleration in inflation, bolstering the argument&qu
5.
by riggins 6y ago
I don't see where you pointed out that type of move would be unlawful. > Obama was elected President twice. What more of a mandate did he think he needed to feel confident enough to take action? Obama lost control of Congress in 201
6.
by riggins 6y ago
> Donald Trump declared a national emergency so he could bypass Congress and raid the military budget to build a wall. your argument is that Obama should be more like Trump? Declaring a fake national emergency and raiding the military bu
7.
by riggins 6y ago
I'm sad this comment hasn't been upvoted higher. The comment explain how the mutation could be possible. The key is that the mutation would prevent reproduction. If you never age, you never reproduce. You can think about different
8.
by riggins 8y ago
"not one person responsible for crashing the economy" https://www.amazon.com/Stabilizing-Unstable-Economy-Hyman-Mi... The incentives in capitalism "crash the economy". Yes, there was bad behavior. Howeve
9.
by riggins 10y ago
But what about their propensity to drive really slow?
10.
by riggins 10y ago
Warren Buffet is on the phone for you ... He says when the intrinsic value of a company is greater then the price implied by the stock, buybacks benefit the shareholders .. And when the intrinsic value is less than the price implied by the
11.
by riggins 10y ago
BTW if you could really earn 11% with no risk of principal loss ... Just borrow as much as you can and collect the interest spread ...
12.
by riggins 11y ago
You have to keep in mind the source. Let me put it this way. A VC's job is to buy X (where X is equity in a startup). Of course every VC would love for X to go on 50% sale ... or even better 75% sale. You saw this with hedge fund manag
13.
by riggins 11y ago
I don't know why your comment is being down-voted. George Soros based his entire career on this dynamic and even coined the term 'reflexivity' to describe it. Here's where and why I think the disconnect happens. Most of
14.
by riggins 11y ago
Ray Dalio published his "principles". It's a fascinating read http://www.bwater.com/Uploads/FileManager/Principles/Bridgew... The other interesting aspect is that Dalio is an adherent of Transc
15.
by riggins 11y ago
I see the Broken clock right twice a day. sentiment expressed in a couple places in this thread. I think it warrants mentioning that Michael Burry had a very successful career before nailing the credit swaps trade. I think the sentiment t
16.
by riggins 11y ago
Bodies are like machines, if you use them a lot they will wear out because of over-use. This is a poor analogy. Bodies can heal (i.e. regenerate tissue). Machines cannot. If this analogy was true, ultra-marathoners would be wearing out th
17.
by riggins 11y ago
Don't most airlines work through a 3rd party that actually purchases and owns the planes? this is driven by the fact that airlines don't consistently have taxable income. If you have net operating losses, which airlines often do
18.
by riggins 11y ago
If they raise interest rates, they will have to service their $18 trillion national debt and expose a lot of malinvestment in the private sector. 1. I think the Fed wants to "expose malinvestment". There's some debate about
19.
by riggins 11y ago
Assume someone makes 50K and they want to give their entire 50K to charity. Do you think that person should be able to give 50K to charity and not pay tax or only 32.5K (50k x 35% tax rate) and have to pay 17.5K in tax?
20.
by riggins 11y ago
1. "A stable company might have a price/earnings ratio of 5x" You're way off on PE's. The Shiller PE is 26* right now. P/E moves inversely with interest rates. With rates around 1% (i.e. driving up P/E&#x2
21.
by riggins 11y ago
how were you able to determine that?
22.
by riggins 11y ago
I assumed that the author is himself an MD in another speciality. 1. The quote below. The most likely way the author would know this is that the author went to med school. Its possible the author interviewed MDs about their med school exper
23.
by riggins 12y ago
I'm surprised it hasn't dropped more. This article pegged it at a 9.5% drop. http://espn.go.com/espn/otl/story/_/page/popwarner/pop-warne...
24.
by riggins 12y ago
let me give you the elevator explanation for a $20B valuation. 'Barclay’s report estimates that Airbnb’s current bookings are about 37 million room-nights per year ... predicts that Airbnb’s growth in bookings could triple in size in t
25.
by riggins 12y ago
Every step of the way someone says something like this "is worth almost as much as say Marriot ... is absurd" here's an example around the $10B valuation http://qz.com/190432/airbnb-doesnt-even-own-a-bed-
26.
by riggins 12y ago
Just reading Bing West's A Million Steps, so that obviously is affecting me, but the first thing I thought was this would be great for saving soldiers from getting blown up by IEDs.
27.
by riggins 12y ago
the diary is not particularly well-written depends on your standards. He's not a professional author but I think he's probably better than your average college grad. studded with evidence of psychopathy genuinely interested. c
28.
by riggins 12y ago
You appear to think you understand these rather complex issues. Let me address this first. The initial claim that I replied to was that 'low interest were causing loans to be inaccessible'. That claim just doesn't make sens
29.
by riggins 12y ago
I think its mostly that Austrian economics focuses on the individual and rejects macroeconomics based on aggregate demand. What I really think is going on is not that people really understand Austrian economics and find it logically persuas
30.
by riggins 12y ago
Low interest rates make consumer loans more affordable, not more accessible. When a loan officer decides whether to approve a loan, they look at the collateral and whether the borrower can service the loan payments. A lower interest payme

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