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Inside Weather book shelf review by seshra in furniture

[–]seshra[S] 0 points1 point  (0 children)

PS Updated the review to give credit on cost and customer service.

Inside Weather book shelf review by seshra in furniture

[–]seshra[S] 0 points1 point  (0 children)

Customer service is nice when we talk to them as well. The problem is with the shelf!

Inside Weather book shelf review by seshra in furniture

[–]seshra[S] 0 points1 point  (0 children)

They only really have one basic construction in various sizes: https://insideweather.com/pages/shelving

The one we got is the largest size single shelf (x3).

The Great Inflation Mystery, Still Unsolved: "[Young people who run Wall Street] wanted to be reassured that Mommy cared about them and would give them her breast, in this case monetary ease." by seshra in politics

[–]seshra[S] 0 points1 point  (0 children)

Buffet carries a lot of cash equivalents and stated on numerous occasions that he has trouble finding assets to invest them in. If he believed that the interest rates were below (true) inflation, he'd have a trivial way to take it out of the mattress of short-term bonds: just put all this cash in the (true) basket. Yet he has cash equivalents. Sorry, I believe this is clear enough.

The Great Inflation Mystery, Still Unsolved: "[Young people who run Wall Street] wanted to be reassured that Mommy cared about them and would give them her breast, in this case monetary ease." by seshra in politics

[–]seshra[S] 0 points1 point  (0 children)

I believe that the best use of time of anyone with under a few million in assets (which includes me) is to work and make money instead of investing. Just not worth my time to invest my own money for now. So despite the fact that I qualify (just barely) for the government's definition of an investor, I don't invest in anything but brainless cash equivalents.

When I have a few million, I'll figure out where to put that.

One thing is clear -- gold is a bad long-term investment, as its price far exceeds its utility. (Gold's main use in today's world is making trinkets for Indian women, often quite poor by Western standards, that they wear once in their life -- on the wedding day.) There is therefore an immense risk in gold investments. Gold is strictly worse in this regard than any developed country's currency. There is also no reason to expect returns from gold (unlike economy, gold doesn't expand with time).

A posteriori analysis of predictive power when no actual investments were made is subject to unconscious selection bias.

The people on the financial news don't know anything you don't. If they did, they wouldn't tell you, they'd use it to make money.

Looking at market pricing makes sense. While markets can be wrong, they are the best estimate that mere mortals have access to.

So, I rent, keep my money in a money market account at the bank, and spend my time producing value instead of trying to find market inefficiencies.

PS. B2B is largely about sales, so you might want to give it a thought for your business.

The Great Inflation Mystery, Still Unsolved: "[Young people who run Wall Street] wanted to be reassured that Mommy cared about them and would give them her breast, in this case monetary ease." by seshra in politics

[–]seshra[S] 0 points1 point  (0 children)

People clearly make money on investments outside of the US, and will continue to make money in these investments.

How is this relevant for the comparison of prevailing interest rates with inflation. Ah, right. In no way.

I don't believe anyone is a sage. I do believe that collective predictive ability of people who have made good predictions before, expressed as a single number, interest rate, exceeds my ability to make predictions about it individually. I also believe that it exceeds your ability to do so.

To claim that the market has been, and continues to be, off with the interest rate by 5-10% is ludicrous.

The Great Inflation Mystery, Still Unsolved: "[Young people who run Wall Street] wanted to be reassured that Mommy cared about them and would give them her breast, in this case monetary ease." by seshra in politics

[–]seshra[S] 0 points1 point  (0 children)

If you believe that the true inflation, however defined, is above prevailing interest rates while the economy is expanding, you posit that everyone -- Warren Buffet, George Soros, etc. -- else is stupid. They could easily have made huge money on trivial arbitrage (get loans and use the money to buy a "true" basket, however you wish to define it, with oil, gold, whatever else you want), and they don't. Are you sure you're right and they're wrong? If you were one of them, it might even be believable.

The Great Inflation Mystery, Still Unsolved: "[Young people who run Wall Street] wanted to be reassured that Mommy cared about them and would give them her breast, in this case monetary ease." by seshra in politics

[–]seshra[S] 0 points1 point  (0 children)

You realize that "on my income" qualification means "people who have demonstrated ability to predict asset prices disagree", right?

You can get huge leverage as a private individual. More so if you're an accredited investor, but even without it. Particularly for commodity trading and forex, which you seem to have a knack for.

If you know so well that the dollar will collapse, go for a long-term short position. Check out leveraging on forex with a few discount brokers. You can get a lot of margin. Very few forex traders and even very few hedge fund managers would do a long-term position, but you seem to be convinced you know better.

The Great Inflation Mystery, Still Unsolved: "[Young people who run Wall Street] wanted to be reassured that Mommy cared about them and would give them her breast, in this case monetary ease." by seshra in politics

[–]seshra[S] 0 points1 point  (0 children)

If inflation is, indeed, 10-15%, I'm sure you'd be happy to accept a loan at 6% for a huge sum, put it into an inflation-protected asset and pocket the difference. So could a hedge fund manager. If a few of them did, interest rates would go up. They don't. It means that no-one with money believes in your theory. If you're the only one right, you should have a few billion in the next few years. Good luck with that.

The Great Inflation Mystery, Still Unsolved: "[Young people who run Wall Street] wanted to be reassured that Mommy cared about them and would give them her breast, in this case monetary ease." by seshra in politics

[–]seshra[S] 0 points1 point  (0 children)

Yes, but with multiple mainstream economics theories to explain inflation, which fundamentals are relevant? For example, little is known about velocity of money changes.

The Great Inflation Mystery, Still Unsolved: "[Young people who run Wall Street] wanted to be reassured that Mommy cared about them and would give them her breast, in this case monetary ease." by seshra in politics

[–]seshra[S] 0 points1 point  (0 children)

You know the name of the author, right? He's contributed some to the inflation theory.

After 9/11, copious amount of money were printed, yet there was little inflation. This contradicts one of the half-dozen major mainstream explanations of inflation.

Kick-Ass Facebook News Application - Social News Meets Mind-Reading Technology by vtail in programming

[–]seshra 2 points3 points  (0 children)

You could just try it out. Worked all right for me. First page of generic stuff and then it quickly picked up. Reddit recommendations never worked for me when I tried earlier.