Investing

[oblong]

55 minutes ago, Edman85 said:

Possible ones I foresee:

Bad habits being taught... or antiquated habits. DeSantis talked about balancing a checkbook, does anybody do that anymore?

Red states having people pay off education boards to steer people toward their products.

Ramsey.. cough cough

yeah I saw that about DeSantis a few days ago and thought the same thing.  The only checks we write is to our house keeper who isn't on Venmo yet.  

In fact I don't think I ever balanced a checkbook and I'm 48.  I've always had online banking.... I see it every day.

 

[Crazy Cat Gentleman]

1 hour ago, Screwball said:

Speaking of programming languages; anyone ever use or are familiar with "Forth?"  Truly ugly stuff.

only to the degree to which it's used in the FreeBSD boot loader.

Edited June 9, 2022 by Crazy Cat Gentleman

[gehringer_2]

3 hours ago, Crazy Cat Gentleman said:

only to the degree to which it's used in the FreeBSD boot loader.

There  is FORTH in BSD? That is pretty weird.

Edited June 10, 2022 by gehringer_2

[Tiger337]

4 hours ago, 1984Echoes said:

Ever been at the UMass-Amherst location?

My best buddy has a PHD in Accounting and teaches at Amherst. Actually, I think he does more research and papers than teaching but... He got his PHD at Amherst and then started teaching at Drexel in Philly. Moved back to teaching at Amherst a dozen years ago or so...

I have been there but not recently.  

I only teach in the fall.  My main job is statistical programming and Analysis.  

[1984Echoes]

36 minutes ago, Tiger337 said:

I have been there but not recently.  

I only teach in the fall.  My main job is statistical programming and Analysis.  

Gotcha, cool.

Yeah, he's all in/ pretty dedicated to accounting, accounting, accounting.

[Tiger337]

6 hours ago, Edman85 said:

Possible ones I foresee:

Bad habits being taught... or antiquated habits. DeSantis talked about balancing a checkbook, does anybody do that anymore?

Red states having people pay off education boards to steer people toward their products.

Yeah, I can see that happening.  However, isn't that true of any subject - that they might not teach it the right way?

[Crazy Cat Gentleman]

1 hour ago, gehringer_2 said:

There  is FORTH in BSD? That is pretty weird.

just the boot loader, but yeah.

[Tiger337]

8 hours ago, gehringer_2 said:

GOTO with you and your FORTRAN!

 

I was pleasantly surprised to learn a couple of years ago that it is still widely used today.  Engineers and scientists still like it.  

[Deleterious]

U.S. Inflation Hit 8.6% in May

Quote

U.S. consumer inflation reached an 8.6% annual rate in May, its highest level in more than four decades as surging energy and food prices pushed prices higher.

The Labor Department on Friday said that the consumer-price index increased 8.6% in May from the same month a year ago, marking its fastest pace since December 1981. That was also up from April’s CPI reading, which was slightly below the previous 40-year high reached in March. The CPI measures what consumers pay for goods and services.

 

[pfife]

On 6/9/2022 at 8:57 AM, Tiger337 said:

I'm sure somebody will complain about this, but this is one mandate where it's really hard to see a downside.  

Yep.   YOU CAN'T TELL ME WHAT TO DO

[pfife]

On 6/9/2022 at 9:43 AM, Deleterious said:

A while back I approached multiple school board members in multiple districts about adding this to their curriculum.  None of them would touch it.  You would have thought I was asking them to discuss abortion or gun control.  I was so angry that I spent two months trying to convince my girlfriend to run for a board seat to push this agenda.

Show me the person that opposes this and I will show you someone with a years worth of salary in credit card debt.

I was in HS a long time ago but the only thing we had along these lines was our government teacher ran some sessions before school that he billed as "how to become a millionaire" by doing gradual consistent saving.   It wasn't really new to me b/c that's what my dad always preached.

Edited June 10, 2022 by pfife

[Screwball]

1 hour ago, Deleterious said:

U.S. Inflation Hit 8.6% in May

 

The market didn't like this print.  Took a shit on release.

Chart; one minute S&P futures

 

[1776]

I was watching the 10 yr bench mark reaction. Mortgage rates getting goosed.

[Screwball]

4 minutes ago, 1776 said:

I was watching the 10 yr bench mark reaction. Mortgage rates getting goosed.

People have noticed; Mortgage demand falls to the lowest level in 22 years amid rising rates and slowing home sales

And the Fed is on deck; June Fed Meeting Preview: Markets Expect Another Big Rate Hike

[1776]

Fed is prepared to raise 50 basis points through September. The pricing of homes will be interesting to watch. 
In the past couple of months roughly 25% of homes nationally have been purchased with cash.

[1776]

Flip side, corporate bonds are becoming more attractive.

[CMRivdogs]

1 minute ago, 1776 said:

Fed is prepared to raise 50 basis points through September. The pricing of homes will be interesting to watch. 
In the past couple of months roughly 25% of homes nationally have been purchased with cash.

I'm just eyeballing what I'm seeing around here. A lot of buyers seem to be investors. Corporations looking for rentals (at least in the low to mid $300,000 range). Houses are only on the market for about 2-3 weeks at the most.

Of course it being June in an area with a large military presence plays a factor.

[1776]

5 minutes ago, CMRivdogs said:

I'm just eyeballing what I'm seeing around here. A lot of buyers seem to be investors. Corporations looking for rentals (at least in the low to mid $300,000 range). Houses are only on the market for about 2-3 weeks at the most.

Of course it being June in an area with a large military presence plays a factor.

Same in the triangle here in NC. I’ve seen several houses that were pending come back on the market. Clearly the rate rise and high prices are beginning to push more buyers out of the market. I’m sure fence sitters are trying to jump in before it’s out of reach. 
OTH, we still see homes selling for well over asking. Never seen anything like it. 

[Tiger337]

22 hours ago, gehringer_2 said:

GOTO with you and your FORTRAN!

 

I had a rule about GOTO.  Students were only allowed to use one GOTO in their program or they would lose points even if the program worked.  

[Jim Cowan]

All I remember about my FORTRAN class in the Bus program is turning in a stack of cards about 4 inches high to the Operations office, and going back the next day to find out that my program bombed on the second card.

[Jim Cowan]

57 minutes ago, 1776 said:

Flip side, corporate bonds are becoming more attractive.

Yes, at last.  I am 70 years old and 100% in equities.  If AAA long bond yields get to 4% I will put half of my savings in those.

[pfife]

33 minutes ago, Tiger337 said:

I had a rule about GOTO.  Students were only allowed to use one GOTO in their program or they would lose points even if the program worked.  

1 is even too many

[Tiger337]

10 minutes ago, pfife said:

1 is even too many

I know, but I had CJ majors in there.  

[gehringer_2]

4 minutes ago, Tiger337 said:

I know, but I had CJ majors in there.  

In the early versions of Fortran GOTO was all you had. I suppose if you want to be picky, BREAK and exceptional handlers in newer languages still sort of of violate structured programming.

[Tiger337]

1 minute ago, gehringer_2 said:

In the early versions of Fortran GOTO was all you had. I suppose if you want to be picky, BREAK and exceptional handlers in newer languages still sort of of violate structured programming.

I used  FORTRAN 77