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#19,751
#19,751
Go aeiou said:
Good for you.
We've Been married for 45 years. Got married on January 2, 1981 when there was a marriage penalty for income tax.(2 single people living together paid less than 2 married people with the same income).
We bought our first home the week before we got married. Rates we 18% then. We found a house with a "wrap around mortgage" at 10.5%. We were tickled pink.
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18%, damn!

We bought our first house in 2001, and the lady at our bank said "I can't believe I'm even signing this. You are NEVER going to see a rate this low again (6.75%)."

We just paid off our current home in November, and it was at 2.8%.
 
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#19,752
#19,752
Go aeiou said:
Good for you.
We've Been married for 45 years. Got married on January 2, 1981 when there was a marriage penalty for income tax.(2 single people living together paid less than 2 married people with the same income).
We bought our first home the week before we got married. Rates we 18% then. We found a house with a "wrap around mortgage" at 10.5%. We were tickled pink.
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Good gosh that is high!!! amazing how things can change.
 
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#19,755
#19,755
@mrorange211
Keep an eye on ONDS this week. 1/16 is a big day. Plus, there's swirling rumors that they might be part of an Israeli border defense contract. Now *might* be a time to open a modest position. It's super volatile but single digits may be long gone.
 
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#19,757
#19,757
DinkinFlicka said:
@mrorange211
Keep an eye on ONDS this week. 1/16 is a big day. Plus, there's swirling rumors that they might be part of an Israeli border defense contract. Now *might* be a time to open a modest position. It's super volatile but single digits may be long gone.
Click to expand...

ATM:
KROS is up 3.5%
AVAV is up 0.75%
ONDS is down 2.5%

I was wondering if ONDS is more exposed to China competition as they seem to be more focused on commercial drones rather than military applications relative to others.

I can’t decide if I want to hang on to AVAV after picking up shares on another pullback. The volatility has been crazy. Currently they’re at the top of the range.

KTOS is the most profitable. AVAV is most often mentioned when defense spending is reported on. KTOS and AVAV are both $20B. ONDS is around $5B.
 
#19,759
#19,759
Thunder Good-Oil said:
ATM:
KROS is up 3.5%
AVAV is up 0.75%
ONDS is down 2.5%

I was wondering if ONDS is more exposed to China competition as they seem to be more focused on commercial drones rather than military applications relative to others.

I can’t decide if I want to hang on to AVAV after picking up shares on another pullback. The volatility has been crazy. Currently they’re at the top of the range.

KTOS is the most profitable. AVAV is most often mentioned when defense spending is reported on. KTOS and AVAV are both $20B. ONDS is around $5B.
Click to expand...

ONDS is likely down due to 60M share dilution.
 
#19,764
#19,764
mrorange211 said:
The independence of the Fed is what maintains the credibility of the Fed.
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I have conflicting feelings about Fed independence. Not in terms of whether or not it should be independent (it should be), but more along the lines of can it be independent and how big of a deal is it if it is not.

The Fed is an organization created by an act of Congress and whose Board of Governors is nominated by the President and confirmed by the Senate. How exactly is it supposed to be politically independent?

Throughout its life, the Fed has generally has had a monetary policy set up in a way that does not conflict with, or in some cases outright makes possible, whatever the fiscal agenda of the government is at the time. In instances where it has not (e.g., when LBJ pushed Bill Martin up against a wall at his ranch, or today) politicians try and cajole (or worse) the Fed into doing what it wants.
 
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#19,765
#19,765
05_never_again said:
I have conflicting feelings about Fed independence. Not in terms of whether or not it should be independent (it should be), but more along the lines of can it be independent and how big of a deal is it if it is not.

The Fed is an organization created by an act of Congress and whose Board of Governors is nominated by the President and confirmed by the Senate. How exactly is it supposed to be politically independent?

Throughout its life, the Fed has generally has had a monetary policy set up in a way that does not conflict with, or in some cases outright makes possible, whatever the fiscal agenda of the government is at the time. In instances where it has not (e.g., when LBJ pushed Bill Martin up against a wall at his ranch, or today) politicians try and cajole (or worse) the Fed into doing what it wants.
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Fed independence in not as binary but actually institutional and functional. Independence does not mean the Fed exists outside politics; it means its decision-making is insulated from short-term political pressure. Although created by Congress and staffed through political appointments, the Fed’s long, staggered terms, protection from removal over policy disagreements, self-funding, and control over its tools make it costly and difficult for politicians to coerce it.

Political jawboning exists precisely because direct control does not. Exceptional episodes like LBJ and Bill Martin stand out because coercion is rare and damaging to credibility. Even imperfect independence matters: countries with weaker central banks experience higher inflation and volatility. The choice is not pure independence versus none, but credible constraints versus politicized money. Ultimately, this is why the Justice Dept going after Powell is perhaps the most worrisome thing Trump has done economically imo.
 
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#19,767
#19,767
mrorange211 said:
Fed independence in not as binary but actually institutional and functional. Independence does not mean the Fed exists outside politics; it means its decision-making is insulated from short-term political pressure. Although created by Congress and staffed through political appointments, the Fed’s long, staggered terms, protection from removal over policy disagreements, self-funding, and control over its tools make it costly and difficult for politicians to coerce it.

Political jawboning exists precisely because direct control does not. Exceptional episodes like LBJ and Bill Martin stand out because coercion is rare and damaging to credibility. Even imperfect independence matters: countries with weaker central banks experience higher inflation and volatility. The choice is not pure independence versus none, but credible constraints versus politicized money. Ultimately, this is why the Justice Dept going after Powell is perhaps the most worrisome thing Trump has done economically imo.
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I guess "Fed independence" is also a semantics thing. If by "independent" it is meant that it doesn't have to do what the President or Congress wants and it isn't controlled by them like a dictator, then I suppose it is independent.

If by "independent" it is meant that it acts purely on economic facts/circumstances and is not affected by the political considerations of the day, then I think that is BS and has always been BS.
 
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#19,768
#19,768
kiddiedoc said:
18%, damn!

We bought our first house in 2001, and the lady at our bank said "I can't believe I'm even signing this. You are NEVER going to see a rate this low again (6.75%)."

We just paid off our current home in November, and it was at 2.8%.
Click to expand...
We were in the same boat in 1999. Bought our first house for $165,000. Great starter home and thought we had stolen something with a 7% rate on a 30 year. That was in Atlanta. Moved back up here in 2001. Did a refi a couple of times, did a 5/1 and 7/1 arm at super low rates, finally converted back into a 30 year at around 3.5. Paid off the house a few years ago. Can’t blow us out of here with dynamite at this point. We’ve looked to buy a lot and build or downsize to something that meets about 95% of what we’re looking for, just hasn’t happened. So here we sit, completely content.
 
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#19,770
#19,770
Keep eyes on EMs and international equities. Outperformed the S&P last year by a lot. Started this year on the same trajectory. Asia has been white hot.
 
#19,771
#19,771
Thunder Good-Oil said:
ATM:
KROS is up 3.5%
AVAV is up 0.75%
ONDS is down 2.5%

I was wondering if ONDS is more exposed to China competition as they seem to be more focused on commercial drones rather than military applications relative to others.

I can’t decide if I want to hang on to AVAV after picking up shares on another pullback. The volatility has been crazy. Currently they’re at the top of the range.

KTOS is the most profitable. AVAV is most often mentioned when defense spending is reported on. KTOS and AVAV are both $20B. ONDS is around $5B.
Click to expand...
I'd rather bet on odd/even & red/black...there's investing then there's gaming I mean gambling...:eek:;)
 
#19,772
#19,772
troopervol said:
I'd rather bet on odd/even & red/black...there's investing then there's gaming I mean gambling...:eek:;)
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Companies that generate income or are responsibly expanding their capacity with their revenue or gross margins are very different from spinning roulette wheels. American roulette costs what? 5% PER SPIN if betting on red or black?. Equities historically return on average over 10% annually to competent investors.
 
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