VIPSX, nominal return
Inception 6/29/2000 to August 31, 2023: 4.43% per annum
SPX, average nominal return, dividends fully reinvested
June 2000 through August 2023: 6.90% per annum (4.93% without dividend reinvestment)
Sunday, September 17, 2023
Let's check in on inflation protected securities
It's been 23 years of not a bull market
Average real return per annum from $SPX, dividends fully reinvested:
August 2000 to August 2023: 4.23%
August 1977 to August 2000: 11.35%
Saturday, September 16, 2023
Rahm Emanuel: Deceit and deception are traits that run through everything China does . . . That’s unacceptable
Can't wait until he calls Xi Jinping a commie retard.
Friday, September 15, 2023
Corey Lewandowski-approved Kristi Noem is the perfect running mate for Donald Trump lol
She's been road-tested and everything! Plus, she never bothered to show up for a vote to fund the wall, so she's more than perfect.
What a goddamn joke these people are.
PAPER: INSIDE THE MAGA AFFAIR...
MARRIED SDAKOTA GOV AND TRUMP ADVISOR IN YEARS-LONG FLING...
Thursday, September 14, 2023
DACA again declared illegal by federal judge
A federal judge in Texas on Wednesday ruled -- again -- that the federal government's Deferred Action for Childhood Arrivals program is illegal, but he refrained from taking action to remove protections for the hundreds of thousands of young immigrants shielded under DACA.
The program, which began in 2012 under the Obama administration, currently covers around 600,000 young adults, commonly referred to as "Dreamers," who were illegally brought to the U.S. as children.
More.
European Central Bank hikes main interest rate to 4% with core inflation running at 5.3%
Yeah, that'll work.
Oil market reports suggesting tighter supply and higher prices through
the rest of the year and beyond have fueled inflation fears;
Wednesday, September 13, 2023
The inflation adjusted average price of ground beef in the United States
In January 1984, ground beef was $1.29/pound.
Adjusted for inflation to August 2023, it should be $3.89/pound, according to the inflation calculator at bls.gov.
Ground beef is actually $5.08/pound, 30.5% higher.
Overall inflation reversed course and ticked higher in August 2023 on a monthly jump in overall energy prices
Overall inflation jumped up to 3.7% year-over-year and 0.6% month-over-month on a 5.6% jump in overall energy inflation month-over-month in August 2023.
Month-over-month, electricity was up 0.2%, gasoline was up 10.6%, piped utility gas was up 0.6%, fuel oil and other fuels were up 8.4%. Meanwhile food was up 0.2%.
Core inflation (overall inflation less food and energy) increased mom 0.3% and is still running 4.4% yoy.
Services inflation is still running high at 5.4% yoy, less rent of shelter at 3.1% yoy.
Shelter inflation rose mom 0.3% in both measures, and 7.2% yoy seasonally adjusted.
Going forward I expect inflation pressures to persist because of Biden administration green energy fantasies and hatred of fossil fuels combining with OPEC+ production cuts continuing indefinitely.
The inflation adjusted average price of white potatoes in the United States
In March 1986, potatoes were $0.21/pound.
Adjusted for inflation to August 2023, they should be $0.59/pound, according to the inflation calculator at bls.gov.
They are actually $1.09, 85% higher.
Tuesday, September 12, 2023
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Emerson shows Trump beating Biden by 11-points in Iowa, by 13-points with Cornel West on the ballot
The poll is here.
34% of Iowa Democrats want someone other than Biden, 16% either Marianne Williamson or RFK Jr.
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