Art Blakey

$2B? What is this? A vote buying scheme for ants?

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To me, this sounds like shitty inspection

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Alabama is a buyer beware state. You can fill the walls with mice and rattlesnakes before selling if you like. Getting quality inspectors is key as they are not nearly as beholden to the court system as most other states.

That said, given that you bought during covid you are being paid to live there. 2.8% is and will continue to be below the real rate of inflation for quite some time. Additionally, I'd struggle to leave a 1958 house just to triple my interest rate and end up in something from the 80s or 90s with hollow core doors and other signs of cheap construction.

The mold is a big deal. You need to remediate that. Asbestos is only a big deal if pulverized and inhaled but you still probably want to get it out of there. My advice would be to price and budget all the needed renovation and do it over time starting with the roof and mold as those are interrelated.

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neither OpenAI nor Anthropic have any business being public companies. Call me a communist but both should be nationalized or become non-profit research institutions

I do not trust either nor do I trust the current administration to manage this in a prudent manner.

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I don't think it'll be full USSR nationalization, more CCP style. Like he did with Intel. The treasury takes a 10% stake and the rubes ignore the math and pile in on IPO day.

On a long timeline I think closed source AI dies. Open source, decentralized AI wins eventually imo. And if we don't get our shite together soon that means China wins the 4th Industrial Revolution.

For USTs the bull case is clear, Congress decides to cut entitlements and defense spending by 30% tomorrow, forever. Barring that, they are uninvestable and 100% guaranteed to lose money on a real basis if held to term.

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Lol, 10yr back over 5.

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So where is it?

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Not where they say it is is the best I can do, lol.

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How is inflation near 2% out of control

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It's nowhere near 2%.

Health insurance decreased 37% over the past three years (according to CPI).

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I also had a moment of clarity. Why do I care how much value a dollar has lost since 1971? I just need it to hold its value long enough for my paycheck to make it into my brokerage account.

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One oz of gold bought you 1.74 shares of the S&P in 2014. Today, 12 years later, an oz of gold buys you 1.74 shares of the S&P. In other words, priced in real money, the S&P has been flat for a dozen years. Both have served the function of maintaining purchasing power. Some people prefer the simplicity of gold over equity. Gold tends to outperform equity during sovereign debt crises and monetary transitions although it remains to be seen if that will be the case this time.

One advantage to holding equities right now is they effectively back the bond market. Cap gains are the marginal driver of tax receipts so any hit to those won't be tolerated by either the Treasury or the Fed as that would blow out a deficit that according to Fitch is expected to run at 7.4% of gdp this year and next.

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Lol that bee article hitting closer to home these days

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They have been on a roll.

hmm...

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China's domestic auto sales were down close to 25% in August (and the y/y fall will likely be bigger in September and October given the higher base last fall). Total demand is heading back to 20m cars ...

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I think a lot of ‘maga’ simply want chaos and to watch things burn.

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We went from a high school degree and a job at the factory buying a house, putting 2 kids through school and a decent retirement with a boat/rv to Wal-Mart plus door dashing barely making rent on a shitty apartment.

And we did that inside one generation. A lot of people want to burn it down as did every other society in history that went completely lopsided K shape over a few decades. It is an entirely natural reaction and was to be expected.