John T. Reed’s news blog
I am not impressed with Argentine anti-inflation strategies.
Posted by John Reed on
Wall Street Journal today has an article about Argentines coping with inflation by hoarding. Yeah. My hyperinflation book has a chapter titled “Advance purchase and sale.” It is about stocking up on necessities now before the prices get higher. Obvious hedge against inflation. I also say to get rid of all the stuff you may try to sell via Craiglist and eBay now rather than when everyone in America is doing that. . I do NOT have a freezer. Hoarding is trickier than that. I have lots of UHT milk, Mormon dry pack #10 cans of food, and freeze-dried #10...
You want to get into Harvard college as a white person? Become a recruited athlete; otherwise, try State.
Posted by John Reed on
An article in today's Wall Street Journal tells of a top high school senior who got rejected by ten prestigious colleges. Apparently, it is even harder to get into those schools than it was in previous absurdly difficult years. The article reveals what she and her parents did wrong. She is white. That was unfixable absent a Rachel Dolezal false claim to "identify" as black. To get admitted to Harvard as a white, she needed to be a recruited athlete. My oldest son got into Ivy League Columbia, Dartmouth, and Yale as a recruited football player. He graduated from Columbia...
The number of home sales is lower because of less inventory, but home prices are still climbing
Posted by John Reed on
Today’s Wall Street Journal seems like it is trying to claim the home market has stopped being “crazy.” Evidence? The number of home sales is falling. .Yeah, not enough listings. That has little to do with home prices. If anything, smaller inventory raises prices. .Some prospective buyers have left the market apparently due to higher mortgage interest rates. That is a mistake on their part. Some sellers HAVE to sell now for various reasons. The higher mortgage interest rates should force those sellers to lower their prices. Although there are a lot of all cash buyers and low loan-to-value ratio buyers so maybe...
Lessons learned from people getting lost in wilderness areas
Posted by John Reed on
I have been watching the Smithsonian channel series called Air Crashes. It is documentaries about actual air crashes or near crashes and the ensuing investigation as to the cause and prevention of a recurrence..One case I became aware of intrigued me. I also came up with a number of things I am going to start doing to prevent my family being hurt by being lost in an unpopulated area on a long road or air trip. 1972 Andes rugby team plane crash The case I just finished reading a book about is about the October 13, 1972 crash of a...
Russia accuses Ukraine of an act of war. Like invading a neighbor?
Posted by John Reed on
Russia said something Ukraine recently did defending itself against the Russian invasion was described by the Russians as “an act of war.” Apparently, Russia has lost all touch with reality. I believe they are also taking umbrage at Ukraine returning fire INTO Russia against weapons launched or fired FROM Russian territory.