Posted by Maya
@ 23:54 on September 8, 2019
Posted by goldielocks
@ 22:40 on September 8, 2019
Thanks for your memories too. I remember Whitefish bay but that’s about all as it’s been so long. It was a great place to be a kid when you still like that much cold. I had to walk home from school a few times and once was 50 below with wind shear. I went back and forth come Wisc and Calif. Had a lot of relatives there once. There were free hay rides and a ice scaring ring close by in winter.
Sometimes walking through a field and they were big fields then in summer those storms that rolled in was scary with the lightning that came with them.
Apparently there were a lot of steel factories around and workers. He used to travel to other states too when working his way up the ladder. Men ” and women” could do that then. I remember he once had to get threw a picket line of striking steel workers at another one to do business with them. I didn’t quite understand the danger cuz he was one of them wasn’t he lol
Over a hundred cars followed us at the furneral. The funeral was so full that people were standing outside. Many family’s were about to lose their jobs within a time frame after. By then he was in West Bend. I was in California when he died. I forgot how it was when I decided to take a walk and forgot how cold it was and a school bus stopped and picked me up. I’m thinking that would never happen in California.
Yep but don’t forget Green Bay Packers. My grandfather took me to a game have you been there? I was into baseball basket ball track and field, was a MVP in Wisc when younger. I didn’t understand foot ball yet but was interested if a Indian came out when they got a touch down being younger then.n No Indian ? People were more athletic there. However too many had a strange adversiion to California. And that’s before the libs took over. At a dance once of them from another school dragged to what they thought was a girl from California on the floor. I waited to he got me to the middle of the floor and droped him infront of his laughing friends. Sheltered jerks. No not all that way but the ones that were I never told them I was from there way back my family. He didn’t get up for awhile. My great great grandmas buried there in the Koch family plot.
Posted by mruk
@ 20:38 on September 8, 2019
I enjoyed reading your post of your living in the Milwaukee area. Indeed the lake front just north of downtown Milwaukee, through the suburbs of Shorewood, Whitefish Bay and your Fox Point communities were loaded with tons of large stately homes, and in the fifties all the streets were lined with a canopy of huge elm trees. In the fifties, and sixties it was a great area to grow up in, you could take your bike any where, or if you had 15cents, jump on the bus and be safe. I was lucky to be able to spend my high school summers in the Minocqua / Lac du Flambeau area, back then it was pretty pristine, I hope it still is. When was a young man I ice fished Cedar lake in the West Bend , and other lakes in the Holy Hill areas. In my early forties a great job opportunity came my way,and I moved my family south, and left the taxes, and cold behind. You had mentioned that your father had interest in iron mills in northern Wisconsin, I wasn’t aware that there were mills up there. I know that U Pee Michigan had a lot of iron mines ( as I am writing this Ironwood / Hurley area comes to mind ) is that where the mills were located? Any way thanks for sparking a few neurons of memories, and it is nice to know another ” Badger ” is on this fine site
Posted by Buygold
@ 15:27 on September 8, 2019
Gold Prices Will Keep Rising Because Crash Conditions Are Becoming Obvious
Brexit is looking more and more volatile every day, and will be blamed for economic tremors in the EU; just as the trade war will be blamed for the recession in the US. These are the “perfect storms” that drive gold to record highs…
Posted by goldielocks
@ 11:14 on September 8, 2019
I remember the lumber era and steel and other manufacturing going on in the 60s. My father elected for a newer type home in Fox point and one 5 bedroom on Scenic Drive West Bend Wisc with his own boat dock. They my dad and step mom chose to move to the ranch style home on the lake before he died. Some of those houses were so big inside like Fox Point I had to watch out not to get lost in them and seemed to have as much bedrooms as a hotel with outside greenhouses big as a normal house.
My dad owned one steel mill was Vice President in another north near the reservations. Menominee Falls. Then steel in the 70 s started having issues. After his sudden death without his business skills the factory closed. His partner suffered a heart attack probably with the pressure. He was a nice guy who cares about people too I remembered him back as a toddler. He gave me a card at my dads funeral as only 19 I still knew he was gonna have his own problems and had a family and I’d survive somehow. If I didn’t I wouldn’t worry about it anymore anyways. A lot of things started to close. I worried about all those men with family’s to support.
Illinois full of taxes and few years back we’re considering taxing property at 30 percent. Just parasites. If your gonna take something away what are you going to replace it with that people can do, nothing? Hope people are wakikg up to these politicians brain dead snake oil salesmen platforms.
At the reservation I visited norther Wisc a lot of lumber jobs was going on.
My other parents there got into aluminum factory that’s still going on today where they even built for Disney. I got used to the more western ranch style or Spanish style living in Calif. Lots of things to consider back east area like cold winters, wet or keeping out mold or basements that could get flooded. You know how cold it gets and all they need is a Fauxahontas raising what used to be cheaper gas prices over electric. Not to mention power outs or getting the snow off the roofs before they collapse not to mention roads shut down sometimes.
Posted by treefrog
@ 11:14 on September 8, 2019
Posted by Buygold
@ 10:11 on September 8, 2019
That’s a nice home!
Love the way it looks from the outside with the Victorian style and no neighbors on top of you.
Course the big downside is that it’s in the state of Illinois, which is no doubt why it’s so cheap. Libtard run states have just been ruined despite some beautiful areas and homes. Most of those states were wonderful places to live back in the 50’s and 60’s when their economies were thriving. Now they are a cesspool from decades of Demonrat graft. Really pretty sad stuff. My sister lives in McHenry, IL.
Ororeef – Pretty sure Mr. ConGuy never really left for long and was here as Frostbite for quite awhile. Similar writing style and confusing message. Not hard to do with another email address. Too bad that certain folks feel the need to come and create discord here…..<smile> whatever, we’ve been open to all, until they’ve proven themselves to be completely unworthy.
We’ll see what happens this week leading up to the Fed meeting on the 17th.
Posted by Maya
@ 0:45 on September 8, 2019
The Rio Grande Zephyr climbs the front
range above Denver.
https://railpictures.net/photo/704357/
Posted by Maya
@ 0:42 on September 8, 2019
My hometown further up river has a lot of these old mansions…. built by the ‘lumber barons’ in the 1800s. That’s a really good price. Must be an economically depressed area without much income potential. Beautiful craftsmanship back then.
Posted by Richard640
@ 23:06 on September 7, 2019
While indulging in a most delicious barbecued steak washed down by a lovely South African red a couple weeks ago a friend was telling me about a recent seminar he attended. As a senior executive at a Swiss private bank he regularly attends these things.
The topic. “How to invest in a volatile market.”
The suggestion: Buy USD, CHF and JPY.
The kid (he was in his 20’s) who was delivering this presentation to a room full of bankers proved his point by showing his analysis…going all the way back a whopping 10 years which lends itself particularly well to recency bias.
The reasons that these three currencies have rallied in the past are for a number of different reasons. All different from each other. It’s best therefore to understand what those reasons are. Simply looking in the rearview mirror and saying..oh “well it happened last time” may work out…but then again…maybe not.
How It’s Dangerous to Investors
Now let me show how dangerous recency bias really is. You’re gonna like this.
At the beginning of every decade there is a prevailing narrative that amounts to looking in the rearview mirror in order to determine the future. Recency bias.
Remember the beginning of the 90’s?
Every man, the taxi driver and even that cute intern with the lazy eye was long Japan. You HAD to be in the Japanese “economic miracle”. It was like duh of course!
Recency Bias: How Investors Are Going To Get Screwed – Again!
Posted by Ororeef
@ 22:12 on September 7, 2019
keep that huckster The Co@n GUY at bay until I get there …All he does is put doubts in peoples minds ,thats the worst kind of poster .I can respect someone with a different opinion,but a CON guy that just tries to put doubts in honest posters minds while he dosent post his own reasons to support his case dosent deserve a hoot…see you all soon…..
Posted by Richard640
@ 19:48 on September 7, 2019
813 Main St, Henry, IL 61537
Posted by Richard640
@ 19:37 on September 7, 2019
It’s difficult to envisage a more manic bond market environment – at home or abroad. In Europe, it’s tulip mania reincarnated, with a third of European investment-grade bonds now trading with negative yields. Draghi had best not disappoint the markets next Thursday.
*********************************************
“JPMorgan’s analysts say September is shaping up to be the ‘first issuance window where negative yielding bonds are a common feature, rather than an occasional oddity’.
*************************************************
FANNIE AND FREDDIE==It’s worth noting GSE Securities surged $626 billion since the end of 2016 – in what is reckless late-cycle growth for institutions with zero capital buffers. But as a wing of the Department of Treasury (and a probable target of the Fed’s next QE program), GSE debt and MBS have enjoyed insatiable demand. In one of history’s great Bond Binges, combined outstanding Treasury and GSE securities have increased $3.0 Trillion over just the past ten quarters.
****************************************************
“As central bankers weigh up cutting interest rates deeper into negative territory, investors should consider when the risks of this trend will begin to outweigh its benefits. With almost $17tn of negative-yielding debt already out there, I fear we have already hit the reversal rate — the point at which accommodative monetary policy ‘reverses’ its intended effect and becomes contractionary for the economy. Conventional macroeconomic models typically take banks and other intermediaries for granted. As a result, the overall benefits of cutting rates below zero may have been exaggerated.”
Posted by Richard640
@ 19:13 on September 7, 2019
Posted Friday, September 6 By Rick Ackerman
DaBoyz have gotten quite a bit of mileage out of a planned meeting in October between trade representatives from the U.S. and China. There are times
when the same news would have laid an egg, but this manifestly is not one of them. Cyclical forces are at work, fueling a short squeeze whose bullish
impact on stock prices seems exaggerated relative to whatever economic effect a face-saving trade agreement itself is likely to generate. We might have
scoffed a month ago at the notion that a bear squeeze could push the broad averages to new all-time highs with the economies of Europe and China
sagging so badly. But the Dow Industrial Average is now within 2.5% of a new record — close enough that it will be magnetically drawn toward the old
peaks if it finishes the week with a further gain of perhaps 250 points.
Posted by goldielocks
@ 17:15 on September 7, 2019
Won’t be happy till the news shows economy shutimg down, food prices going sky high and people are freezing to death in the winter.
Posted by Maya
@ 15:29 on September 7, 2019
Agreed…. I’m about 3% Chippewa. Much more than the fakir.
Posted by treefrog
@ 15:20 on September 7, 2019
out of respect for the original indian princess, lets make that:
Fauxcahontas Warren.
Posted by Maya
@ 15:14 on September 7, 2019
Upon trying to log in, after doing the addition for the ‘captcha’ , I received notice that I was locked out due to too many invalid login attempts. (There were NONE!). Happened twice.
So I attempted login again and filled out the ‘captcha’ login request with an email and message, as well as the math problem. This time it let me in. Something screwy with the security login.
Posted by Maya
@ 15:08 on September 7, 2019
…wants us all to live in TeePees on the great plains and burn buffalo chips…. if we can find any. The ultimate “Green New Deal”.
Posted by ipso facto
@ 13:14 on September 7, 2019
I’d just like to know where all these fawning political wokesters came from? Our populace has been brainwashed elementary to college!
Posted by goldielocks
@ 12:46 on September 7, 2019
Well your doing a good job surviving but don’t forget about your health.
We have foreign moves in places that understand gold more than many Americans today.
I’m still watching retrace in gold and only time will tell. Take a thousand out of the present and we’re following a similar pattern. After some years of 1980 high it dropped had some bounces then had a rise to 500 then continued down back up them down. Take the 1000 out of the 1980s you have the 500 now. We don’t have the same conditions or Fed we had in the 1980s. They’re attacking oil though even though they use it. Anything to tax.
We have people moving into the dollar as one of the few places to go in current events and why it could be a hedge. Not a good time maybe now. Meanwhile as they move into it as well as digital currency the bankers want to eliminate cash. Then they can turn to outrageous fees and no way out of bank failures. I hope the young are smart enough to not let that happen.
Right now with negative yield curve if there is a recession it’s gonna be banks again as they tighten their balance sheets.
So much for digital currency,
Posted by Maddog
@ 12:42 on September 7, 2019
Re God help us…..he’ll be too busy laughing!!!!!!
Yr on yr own…..ours are just as bad , or worse….we have full Cabinet Ministers….that’s 1 down from PM, sitting at Greta Thunbergs feet in adulation !!!!!!
Posted by ipso facto
@ 10:13 on September 7, 2019
“On my first day as president, I will sign an executive order that puts a total moratorium on all new fossil fuel leases for drilling offshore and on public lands. And I will ban fracking—everywhere.” Elizabeth Warren via Twitter
Posted by Buygold
@ 9:11 on September 7, 2019
Greenspan: Rising Gold Price Shows Investors Want Hard Assets That Will Increase In Value
“One of the reasons that the gold price is rising as fast as it is… that’s telling us essentially that people are after hard resources which they know are going to have a value 20 years from now, or 30 years from now as they age…”
Posted by Buygold
@ 8:04 on September 7, 2019
I’m humbled by those remarks but the truth is I’m just trying to survive this life like everyone else. Realizing that the older I get, the less I know about anything.
I don’t pretend to know where gold is going either. After all the turmoil of the last two days, gold is still above $1500 and silver $18. Well above where it started the year. I have to believe it went above $1500 for a reason and I’m not sure what’s changed.