Journal Captain Splendid's Journal: Whoopsie, part 2 14
Trump offers Goldman executive Cohn key economic post
This is actually good news. Stacking the deck with all these Wall Street chumps means that recession we've been waiting on will happen sooner rather than later. Speaking of which, anyone got any tips for profiting from another major US economic meltdown that doesn't involve the stock market?
I use the stock market (Score:1)
Over time, broad indexes tend to outperform gaming of systems.
Now, I have done options, but they're risky.
Hmm. Buy Scottish individual stocks when the UK market dives. Sell any London assets.
Non-stock .... hmmm
I hate to excite the slashdot paullowers... (Score:2)
If you have the physical space, it might be a good time to start stock piling drinkable water; while I hate to suggest the conspiracy propagators have a point I do expect water prices will go through the roof once Trump brings the roof crashing down on our heads.
If you're not already living in a relatively safe place you may
Re: (Score:2)
In my area of the country, stockpiling drinking water is as easy as leaving a few buckets outside. Maybe with a sane person in charge of the EPA we will actually be allowed to do it without being sent to jail for 30 days for diverting water that fell from the sky away from the river [cnsnews.com].
Re: (Score:2)
Regardless of that, Trump has announced he wants to put someone in charge of the EPA who has largely made a name for himself by suing the EPA. So whatever it is you imagine the EPA needs to stop doing, they would likely stop doing it under him. They certainly won't have to worry about congress trying to get them to fulfill their mandate.
Re: (Score:1)
Ah yes, the EPA [cnn.com]... Another republican boondoggle [epa.gov]...
Re: (Score:2)
A Flint in every pot!
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We now know snopes to be so biased as to be useless- and this piece, which gives ONLY the EPA side of the story, is a prime example.
Only liberals don't understand that there is no way to collect *all* the runoff on any property. 40 acre-feet of water, on a 160 acre property, is less than half a year's accumulation here.
Once his "illegal" reservoirs were full, all the rest of the rainwater was going back into the system.
Re: (Score:1)
Things are slightly worse in Colorado [washingtonpost.com].
Either that or (Score:2)
It pulls the chumps off of Wall Street to work in relatively economically harmless cabinet positions, thus allowing a new generation to take over on Wall Street producing a boom.
The Peter Principle- it still could work.
Re: (Score:1)
The Peter Principle- it still could work.
Yes, if incompetence was a fixed constant. The thing is that it doesn't happen by accident [cia.gov]
Join me (Score:2)
Buy property in Belize.
*sigh* In whose cabinet were these people? (Score:1)
Jacob Lew (Citigroup)
William Daley (J.P. Morgan Chase)
Gary Gensler (Goldman Sachs)
Phil Murphy (Goldman Sachs)
Michael Taylor (Monsanto)
Robert Califf (Merck, Bristol-Myers Squibb, Eli Lilly, Novartis)
It takes a real chump to believe the democrats are any better, or even different... Maybe they would prefer to forget that little meltdown of 1999-2000, and who deregulated the markets back in '79 setting up that meltdown and the somewhat bigger one in 2008, which was only further aggravated by the guy currently
Bitcoin? (Score:2)
Bitcoin prices have reached a 3-year high and between the Brexit, the Trump, Italy and what happened with currency in India, speculation is it will only continue to rise.
http://thehill.com/policy/technology/309762-bitcoin-value-reaches-3-year-high [thehill.com]
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Opinions expressed are solely my own and do not express the views or opinions of my employer.
tips for profiting? (Score:1)
Mechanic/plumber/electrician... can't go wrong there. Hire some kid to do the work and take a piece of the action.