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"I wonder who lost most in the last 18 months? The average hotshot on this forum, or old dumb Suze? She would have to have really messed up her munis to do any worse than I did." Even a blind mouse finds an acorn once in a while. And if she's holding them long term she's an idiot, and she'll...

You ultimately are correct that there is winners and losers in this. Currently, we are giving people 100 cents on the dollar in a crap system and letting the liabilities continue to grow. This is obviously the older generation screwing the younger generation. By allowing the the younger...

"As to her sleeping with someone who boosted her career-if she were the only person in the world who ever slept with someone who might be helpful to her I might try to get bothered by that. Don't think it is going to happen. :)" Yeah I agree with that. The trick is to not get caught though. Now...

Okay, you get a drop of $1 for 33 cents today because future beneficiaries of SS forgo there rights to the entitlement. Regardless of anything else this is still true. Private accounts are essentially tax cuts where the government stipulates how you can use them. It may not seem like it, but if...

50/50 is what I'm suggesting.

That is pathetic. I've learned about a lot of the greats, and they didn't make it wealthy "on the backs of hard workers". They actually used their brain to come up with: good products, better service, a good business model, etc. Having access to labor doesn't make you wealthy. And its...

Your ultimately correct about your two points as I have come to understand them. But if you provide private accounts and increase debt there is no extra cost. It still is a wash, as you apparently agree. And a wash to get 33 cents on the dollar later is a good deal. Milton Friedman helped...

Ppfff, she got lucky because CNBC loves dimbats, wants women hosts, and the American people are financially illiterate. So yes she worked the system, and barely provided anything in return. I mean she made it in life by suing her broker and then extorting them into giving her a job. And she...

Well sure its a fund of international securities. Im highly recommending large percentages of capital in international securities. If you are going to try to invest in direct stocks, do your research, do your research, do your research. If you were to invest in foreign stocks directly you need...

I hate Suze as much as the next investor, but this case is a joke.

Hussman is only one of 3 gurus that I treat as a complete market genius. I can tell you right now everything he said in that commentary is spot on. Haha, I'd like to get your opinion to this. I'll admit by bias, since I've been professing international securities for a while. But, his market...

All of what florida said is correct. Add commodoties and energy to the list as well(those two are some of my favorites). Just be careful, when our federal reserve isn't dumb enough to allow high inflation for to long. They will put an end to it and the one thats going to beat down the most is...

Thanks for the post. Hussman is the $hit.

Your right about the first paragraph I think that I was a little hungover from to many martinis the night before. So allow me to rephrase it. I think we can agree that yields will rise if the government issues more bonds, even if not by much. This is because there is a bigger supply and same...

Because this isn't true. Certainly higher treasuries will lead to some more investors if they believe that treasuries will subsequently go down. Even if they believe that more people will be investing in stocks than move to treasuries. If just as many moved into treasuries the yield wouldn't go...

"My comment was in the context of Representative Smith's proposal in post #75. In that proposal, the net flow is zero. The gov't is sucking money out of private investments by selling T bonds at exactly the same rate it is putting money in by buying stocks." Not quite 0, but again why there is a...

The question of whether stock options are a zero sum game is a good one. I actually don't agree that they are a zero sum game. I think the problem is inherent in how they are used. For example day trading is often called zero sum and it is not because the average return someone should receive a...

"The proposal doesn’t provide either more workers or higher productivity. The normal route to higher productivity is to consume less today in order to produce capital goods which will make us more productive in the future." This is not true, statistically investment is the most beneficial to the...

There are major differences between your two items and private accounts for SS. First, you are using the spread to get individuals to forgo 100% of the liability for only 40%. This is important and very different than your two examples. In your two examples there is no cost savings at the back...

"People in their 40s and perhaps their early 50s would be screwed, after paying increasingly high FICA taxes for 20-30 years and then told they get nothing." You would do it on a sliding scale over several decades, but when you officially stopped "sliding it", you would want it down to only...

Samclem you don't get my position at all. I'm not saying that we "supercharge it". I am agreeing that it should a retirement system for only the poor and lower middle class(why I support means testing). I'm not suggesting that either the current system or a private account system should be a...

B! But there are more problems than that. Natural changes in the situation causes mismatches between revenues in costs. For example, an economic downturn causes revenue to drop. Under true Paygo you would have to drop the payments so you wouldnt go into deficit. But that wouldn't be "fair". If...

Thats pretty much it. Keep in mind the decision of what system to participate in is optional, but I'd opt into the private accounts if it was me. I think most of America would, and eventually practically everybody. The Chileans have the choice, too. 99.9% of the public elected the private...

In that case, if you wanted to do more for the kids in terms of retirement a trust like the one stated above isn't a bad idea. They would be better served by a max non mec funded indexed universal life policy than an variable annuity, but I will also say that an irrevocable trust for only $300...

"sustained" I wouldn't say it would be sustained if it happened, but I recognize the possibility that it could happen. The selling off TIPS positions, equities, etc. around a time like that for the purchase of bonds would me a very wealthy person. Do I think it will happen? No. Do I think its a...