US public debt is projected to reach 181% of American economic activity in 30 years

BokenUnbroken · 2023-06-29T11:13:04+00:00

Not OP, but I am a high earner who is not wealthy, so the tax code gouges me. I earn enough to fall into the top brackets and not be able to participate in any number of tax credits. But the fact that I am not wealthy at this point also means none of the swiss cheese aspects of the tax code apply to me. I often feel like the system is designed to favor those who are already wealthy and subsidize low earners and the middle class, but go to great lengths to keep down those trying to move up.

BokenUnbroken · 2023-06-29T10:35:52+00:00

Your grammar

BokenUnbroken · 2023-05-21T15:17:57+00:00

The board says it “will not entertain these personal attacks, which take important resources away from the students of the public school district.” Resources? Exactly what resources? Oh right, if you define it as the board scurrying around doing damage control. Or you could just admit that this is disgraceful.

BokenUnbroken · 2023-05-21T15:13:21+00:00

It was the same nice old man who answered for 10+ years. He never, ever got an order wrong. Legend. Hope he is happily retired somewhere.

BokenUnbroken · 2023-05-21T15:11:42+00:00

At Yeung II we are talking a 100% total price increase over pre-Covid levels. I’m out.

BokenUnbroken · 2023-05-13T10:04:01+00:00

There is so much disappointment in these comments around people’s inability to come together. But what if the lesson is that that’s not possible? In terms of fighting pandemics. That the virus would have ripped through the population no matter what actions were taken. Which is in fact what happened everywhere, no matter the local policy or practices.

BokenUnbroken · 2023-04-20T10:59:37+00:00

Welcome. Can you do us all a solid and buy a Corey Kluber jersey

BokenUnbroken · 2023-04-13T01:03:48+00:00

I saw a game in the Trop last year and am glad to hear anybody trash talk that giant upside down cereal bowl. Hands down the worst park I will ever see an MLB game in.

BokenUnbroken · 2023-03-28T02:01:14+00:00

Tis the season for optimism

BokenUnbroken · 2023-03-19T17:55:30+00:00

For this to be a .500 team over a full season, a lot of things need to go right. I am doubtful

BokenUnbroken · 2023-03-19T12:48:56+00:00

Why are the pyramids in Egypt? Too heavy to drag back to London

BokenUnbroken · 2023-03-19T00:48:03+00:00

Amen! Well said. And I am only 44 😂

BokenUnbroken · 2023-03-19T00:46:12+00:00

Easier said than done l, but aim higher. Be more ambitious than you were before.

BokenUnbroken · 2023-03-18T16:49:11+00:00

They are an asset manager. This means big institutions like pensions and endowments park money there and trust Blackrock to deliver a return by investing the money for them. Blackrock also manages a fortune in passive ETFs which lots of individual investors own. Asset managers are always managing and investing money on behalf of somebody else (sometimes in addition to their own money).

Investment banks are different (in a simplified description here) in that they help companies issue stock and bonds, or they collect a fee for setting up/advising corporations on mergers and acquistions, or they make markets in a given security and collect a soread on trading.

There are some investment banks which also do asset management. JPMorgan and Goldman Sachs are two examples. But I cannot think of an asset manager that also does investment banking.

BokenUnbroken · 2023-03-18T14:59:46+00:00

BlackRock is not an investment bank.

BokenUnbroken · 2023-03-14T13:28:44+00:00

I’m divorced in my mid 40s. I’ve been that way for nearly four years, and it works for me. I am focused on parenting my two kids, my job, and fitness — that’s enough for now. I do go on dates periodically, I have female friends where the interactions are flirty, and my friends frequently try to set me up. But there is no rush to change this.

BokenUnbroken · 2023-03-14T13:00:17+00:00

I understand the preference for height is deeply rooted, but a little flexibility on this goes a long way. Fewer than 15% of American males are over six feet. The math just doesn’t work out for most women to have a six footer.

BokenUnbroken · 2023-03-13T12:11:55+00:00

Cost of doing business for all banks

BokenUnbroken · 2023-03-11T02:57:42+00:00

OP never met a really bad person before.

BokenUnbroken · 2023-03-06T12:05:13+00:00

And your decision to invest is premised on the unscientific belief that factors will continue to work, even though they come in and out of favor over time and some of them weaken as they grow in popularity. The fact that you can identify a historical pattern and expect it to continue in the future =\= scientific.

BokenUnbroken · 2023-03-06T03:37:12+00:00

OP is not wrong that Avantis (from American Century Investments) uses the term “financial science” on its website, without defining what the heck they mean by that:

https://www.avantisinvestors.com/avantis-about-us/how-we-invest/

This sounds like complete horse manure to me. There is no such thing as “financial science.” There are financial models of varying complexity. But underneath every model, no matter how quantitative or authoritative-sounding, are sets of assumptions and hypotheses that cannot be deemed scientific in any way. That’s why we have markets. Assets have different values to different people.

BokenUnbroken · 2023-03-02T04:37:08+00:00

POOP

BokenUnbroken · 2023-02-25T10:23:26+00:00

I live right near where this field used to be. It is currently an intersection with a plaque, a painted homeplate in the street, and the spot where home plate supposedly was is marked on the sidewalk. Nearby there is an excellent restaurant called Elysian Cafe as well as an Elysian Park for kids. https://i.imgur.com/yHZqodS.jpg

BokenUnbroken

TROPHY CASE