



...and we can't wait for November.











Mr. Bragg then did what many dealers have been forced to do: "I took my own money out of the bank and bought cars with it," he says, "I was out of options".You can see that easy financing at low rates was prompting much of this economically insane behavior. Many other businesses would not see it as a "last resort" to finance inventory out of their own cash flow; only in the car industry was it viewed in this manner, because distorted economics shielded dealers from the obviously depreciating assets gathering dust on their lot. Maybe if dealers had to finance the inventory they'd only keep a few demonstration vehicles on hand, and then customers would need to order to obtain what they'd need, or just keep popular models in popular configurations immediately available and special order the rest.




The lights revealed five PT boats in line ahead, racing for the harbor, the nearest being about half a mile from the guns. The twin-sixes (British six inch guns, which would be main armament for a light cruiser or secondary armament on a battleship) and within seconds every boat was hit, three being sunk instantly and the other two disabled and foundering. The remaining boats making up the next wae of the attack turned about and headed for the open seas and their parent vessels, but the twin-sixes... harried them out to maximum range, disabling and damaging most of them.The book, for some reason, didn't cover the original Norwegian defenses that took a heavy toll of the German attackers; as a kid I also remember reading about the sinking of the German heavy cruiser (armed with 8 inch guns) by the Norwegians in 1940; this Wikipedia page describes the coastal defenses and the fact that guns and torpedoes from the early 1900's were able to destroy this modern, expensive and scarce German heavy cruiser (I didn't know until I read this page that Lutzow backed out of range from the fortress full speed astern and had one of her turrets knocked out, too).

I'm sympathetic, but this would have been a bad idea. Yes, he committed assault. But he's also a member of Congress -- laws don't apply to him.And:
Had the activist responded with a break or a punch, or in any way physically resisted, he would be in jail right now.
Do you really think escalation is the best choice here? You are putting your fate in the hands of the police, district attorney and possibly a jury.Many of the other comments were along these lines.
Interest rates will likely rise in coming years from a base of almost zero today. But investors mostly only know what they have seen in the past 25 years, which for the most part has been period of steadily declining interest rates and rising bond prices.There isn't any "up side" to bond mutual funds right now, from an interest rate perspective, because rates are almost at zero. If rates are going to change they are going up. In addition, low interest rates means less pressure on entities that require debt financing, and rising interest rates will not only slam bond fund values but they will increase the default risk on bonds in the fund as those entities must pay a higher price to refinance future needs.
Compounding the problem is that many investors don't remember when bond funds did lose money for a prolonged period.The stagnant stock market over the last decade or so, as measured by the major indexes, along with terrifying swings in-between, are pushing individuals away from the stock market. I remember when I first (naively) started investing in the early 1990's in my 401(k) and telling my peers that they were crazy not to be 100% in stocks, especially since it was a long way to retirement. While I am still in the stock market today, I would never give that sort of advice now and I believe that the guidance that you should be heavily invested in stocks when you are younger often goes too far when the % of stocks in portfolio climbs above 75% or so.
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