Peoples’ enthusiasm is understandable: From 1965 to 2017, Buffett’s Berkshire share achieved an annual average return of 20.9 percent (after tax), while the S&P 500 returned only 9.9 percent (before taxes). Had you invested in Berkshire in 1965, today you would be pleased to see a total return of 2,404,784 percent: an investment of USD 1,000 turned into more than USD 24 million (USD 24,048,480, to be exact). Read More
Sorry this is all over the place, but there are multiple converging streams here. And as DHB constantly reminds us, there is absolutely no reason to believe that in an economy built on gambling, scamming, and computer automated profit skimming, ANYTHING is going to accrue bubble-type benefits to just you and me, anytime soon. Least of all your house.
Japan urban land prices are back to levels last seen in the 1980s.  You have to ask if there are parallels to our current condition.  The first point we all have to agree on is that both economies had extraordinarily large real estate bubbles.  For the United States the answer to this assumption is a big yes.  We can run off a check list of how our real estate markets run similarities:
I have had a request from Mrs Macleod to write down in simple terms what on earth is going on in the world, and why is it that I think gold is so important in this context. She-who-must-be-obeyed does not fully share my interest in the subject. An explanation of the big picture is also likely to be useful to many of my readers and their spouses, who do not share an enduring interest in geopolitics either. 
So we have concluded (perhaps) the bull market in bonds that began in 1981 and that maybe ended in the early days of July 2016 (I think). So it might just be that interest rates are going up because they are going up. It sounds a little bit mysterious and indeed fatalistic, but I’m a little bit less inclined than others to assign causation to people and policies.

The Kavanaugh hearing underscored another eerie condition in contemporaryUSA life that offers clues about the combined social, economic, and political collapse that I call the long emergency: the destruction of all remaining categorical boundaries for understanding behavior: truth and untruth, innocent and guilty, childhood and adulthood, public and private. The absence of real monsters to slay, has become the party devoted to sowing chaos, mainly by inventing new, imaginary monsters using the machinery of politics, the way the Catholic Church manufactured monsters of heresy during the Spanish Inquisition in its attempt to regulate “belief.” Read More
Appeal Case – “As you know I needed to appeal but was not sure of the best approach. I was surprised when you told me you only accept certain appeals because you want to make sure they are valid appeals. Now I understand your process and your appeal expertise. I am so happy my appeal was valid, your service is the best investment I have ever made.” – Sophia H. – Arizona [Appeal Award $11,000]
Basically, the strategy is to go long unless the unemployment rate is rising and the price trend is falling. Unemployment is rising if the reported rate is above its trailing twelve-month moving average and price trend is falling if the S&P 500 is below its trailing ten-month moving average. “Livermore” found that this indicator beats all others over the period from 1930 to 2016.
JOIN PETER at the New Orleans Investment Conference Point Rout in the Dow Jones Industrial AverageIf you listened to Friday's podcast, I mentioned that I thought I would probably be doing a lot of podcasts this week. I did one yesterday, and I am doing another one today because my feeling ...…
Berkshire Hathaway Inc. (BRK.B - Free Report) , through its subsidiaries, engages in insurance, freight rail transportation, and utility businesses. The company has a Zacks Rank #2. In the last 60 days, three earnings estimates moved north, while none moved south for the current year. The Zacks Consensus Estimate for earnings increased 12.5% in the same period. The company’s expected earnings growth rate for the current quarter and year is 76.4% and 68.9%, respectively. You can see the complete list of today’s Zacks #1 Rank stocks here.

Now a money manager at Janus Henderson, Gross was the co-founder of Pimco, which he helped build into the world’s largest bond fund manager and was dubbed the “bond king” by the financial media. In his note, Gross said he expected the 10-year yield to rise above 2.75% by the end of this year. But he waved away worries that rising yields would deal pain to investors, saying higher yields could sit along with slightly positive returns for bonds.

Phew. Ok. So everything above seems completely ridiculous and indicates basically everyone involved – with the exception of Trump, Nunes, and maybe Sessions – are completely and utterly stupid! If this was a Clancy novel, it would at least have a plausible conspiracy! This one is just dumb. Hillary and DNC funded Steele to collude with Russia to MAKE STUFF UP about POTUS Trump and uses a corrupt and clearly bias FBI and DOJ to facilitate the whole thing. You cannot ask for a more stupid plot to this story! It is just bad!

The haunting Gary Jules version of the Tears for Fears’ Mad World speaks to me in these tumultuous mad times. It must speak to many others, as the music video has been viewed over 132 million times. The melancholy video is shot from the top of an urban school building in a decaying decrepit bleak neighborhood with school children creating various figures on the concrete pavement below. The camera pans slowly to Gary Jules singing on the rooftop and captures the concrete jungle of non-descript architecture, identical office towers, gray cookie cutter apartment complexes, and a world devoid of joy and vibrancy. Read More
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But this strategy requires knowing when to sell, and bear markets can be very difficult to predict. As Ryan Miyamoto, a CFP® in Pasadena, CA, explains, “Selling at a loss is your biggest threat. A bear market will test your emotions and patience…The best strategy to control your emotions is to have a game plan. Start by creating a safety net that is not invested in the market. Seeing your accounts go down will be a lot easier if you know you have adequate cash on hand.”
The NASDAQ 100 is surging today following the Democrats retaking the House. The reason for the rally? Just days ago, President Trump threatened to file anti-trust cases against the big tech companies and claim they were monopolies. Investors believe that the Democrats will neutralize that threat in the near-term. As tech surges higher, investors should be ready to pull the trigger on the short side when price hits $178.00. This is a major technical resistance and all technical chart…
After the Brexit vote, in early July 2016, ten-year treasury bonds were yielding 1.37%. Today, they’re yielding 2.85% with an annualized return over that period of approximately negative 4.5% annualized. Ray Dalio, the founder of the hedge fund Bridgewater Associates and author of “Principles,” explains, “A 1% rise in bond yields will produce the largest bear market in bonds that we have seen since 1980-1981.” Investors around the globe are asking big questions about what these changes in interest rates mean, and David does a great job of explaining the issues on this episode of Money For the Rest of Us.