talshill
Arbitration Eligible
Vini, vici, pavori.
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Post by talshill on Feb 21, 2019 13:31:52 GMT -6
You're right. They don't teach kids a lot of things that are both valuable and crucial. But education is a life-long deal and school only gives you a small fraction of it. If you're still breathing, you better be learning. You also better keep an eye on what the government is doing, especially regarding the tax code. The internet has made this much easier than it was 30 years ago. Ever know someone who was rich? Most of them aren't smarter than you are. Hell, I know some that are dumb as a brick. But all self-made wealthy people I know had a couple of traits in common: they kept their eyes open for opportunities, they put forth effort and they made sound decisions. For example, getting a refund from the government seems cool until you realize it's a bad decision. Leasing a car is a bad decision. Buying on credit is a bad decision (95% of the time). Buying more car or house than you need is a bad decision. Buying on impulse is a bad decision. You have to determine what's important to you, and it's really not money. For me it was the freedom of knowing I haven't pledged money I haven't yet made to pay for an asset that's losing value. I heard a preacher say something I've never forgotten, and it's true: "It's time to stop buying things you can't afford with money you don't have to impress people you don't like". Also, some old-time wisdom from Proverbs 22:7: "The rich rule over the poor, and the borrower is slave to the lender." The amount of people that buy stuff on credit and barely pay off always amazes me. As soon as my wife and I pay off our current vehicles, I will never finance a vehicle again. I have a 2007 Yukon XL I bought used in 2009 for about half of it's new retail. Paid cash. Other vehicles are similar. The only new one I've bought in the past few years was a '17 Civic I bought for my daughter, but I was fulfilling a promise to her. If she ranked out as valedictorian of her class, she could have a new car. She did and I was forced to pay up. Of course, even then she had some skin in the game. I told her as soon as she saved a thousand bucks to go toward it I'd buy her the car. It was amazing how frugal she suddenly became and how many odd jobs she discovered that paid $20 here and $50 there. My youngest (who's a freshman in high school) saw that and is already saving money. She currently ranks #1 in her class too, so I guess I'll have to buy another new car in a year or two. I used to drive a long way to work so I bought a used 2000 Corolla in around 2004. I think it had 80k miles on it. I drove that sucker for years on and off until it had 370K on it. It was still running strong until my wife ran it into the back of a 3/4-ton pickup. I nearly cried. Side note: GM and their AFM (Active Fuel Management, AKA DoD (Displacement on Demand) absolutely sucks. It's a system that cuts off 4 of the 8 cylinders to boost mileage 5-7% (big deal), but it is mechanically flawed and will eventually kill your engine. My Yukon code reader currently shows a misfire on cylinder 6 which I guarantee you is a stuck lifter. So, I'm going to remove all that junk, re-flash the ECM, replace the lifters and camshaft and voila, no more AFM. I refuse to pay 75k for a new one. |
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Post by thomasj13 on Feb 21, 2019 13:40:41 GMT -6
You're right. They don't teach kids a lot of things that are both valuable and crucial. But education is a life-long deal and school only gives you a small fraction of it. If you're still breathing, you better be learning. You also better keep an eye on what the government is doing, especially regarding the tax code. The internet has made this much easier than it was 30 years ago. Ever know someone who was rich? Most of them aren't smarter than you are. Hell, I know some that are dumb as a brick. But all self-made wealthy people I know had a couple of traits in common: they kept their eyes open for opportunities, they put forth effort and they made sound decisions. For example, getting a refund from the government seems cool until you realize it's a bad decision. Leasing a car is a bad decision. Buying on credit is a bad decision (95% of the time). Buying more car or house than you need is a bad decision. Buying on impulse is a bad decision. You have to determine what's important to you, and it's really not money. For me it was the freedom of knowing I haven't pledged money I haven't yet made to pay for an asset that's losing value. I heard a preacher say something I've never forgotten, and it's true: "It's time to stop buying things you can't afford with money you don't have to impress people you don't like". Also, some old-time wisdom from Proverbs 22:7: "The rich rule over the poor, and the borrower is slave to the lender." The amount of people that buy stuff on credit and barely pay off always amazes me. As soon as my wife and I pay off our current vehicles, I will never finance a vehicle again. Yeah, but if the dealership is offering 0% financing up to 5 years, or even 2%, it is hard to turn that down.... |
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Post by blcoach8 on Feb 21, 2019 13:51:04 GMT -6
This is great information. Some I generally knew, and some I hadn't thought of from that standpoint. I knew asking a bunch of older dudes about taxes and money would be worth it.  Back to baseball for me. Older dudes? Don't talk about coach like that.  |
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Post by blcoach8 on Feb 21, 2019 13:54:38 GMT -6
Watched the Spring Training edition of Astros Bases Loaded and heard Luhnow say what I was afraid he would say.....He is "comfortable" with our current roster and that we can win the division and go far in the post season with the current roster..........I think he is over-rating the roster, especially the pitching staff. If he is content with what he has, we are probably in trouble.
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Post by nathangarza29 on Feb 21, 2019 14:01:12 GMT -6
Watched the Spring Training edition of Astros Bases Loaded and heard Luhnow say what I was afraid he would say.....He is "comfortable" with our current roster and that we can win the division and go far in the post season with the current roster..........I think he is over-rating the roster, especially the pitching staff. If he is content with what he has, we are probably in trouble. I agree with you on that. Imma post something for ya about his Q&A |
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Post by nathangarza29 on Feb 21, 2019 14:02:17 GMT -6
Jim Crane:
Q: How do you view the potential of adding a player via free agency or what have you?
A: Well I think there's always an opportunity there, if not now than during the break. We're always looking to improve the team. (General manager Jeff Luhnow) is up there working on it right now. We're always open-minded. We've got some flexibility, we're probably going to end up somewhere around the fourth- or fifth-highest payroll this year and we have some room to move if we have to or need to or if someone gets hurt. (Luhnow) does a great job of keeping the team with a lot of talent in it. Our farm system ... pitching is really deep in particular and you need a lot of pitching to win."
Q: Both Justin Verlander and Gerrit Cole are free agents after this season. How do you feel about attempting to keep or extend them?
A: We certainly are going to look at it either now or as the season progresses depending on what they want to do. Both of those guys are good pitchers and should be good pitchers down the road. There's three things in baseball that I always tell Jeff he needs to know: it's pitching, pitching and pitching. We'll always try to take a look at those guys and see if we can't extend both of them or one of them.
Q: How imperative is it that you try to get something done before (Verlander and Cole) hit the (free agent) market next year?
A: You know, the market has been a little crazy. A lot of guys in free agency this year, (Manny) Machado went off the board (Tuesday), I'm sure a lot of these guys have had offers, they just didn't take the offers at that particular time. It's always sticky but we'll try to pick a good spot. It could be at the end of the season, it could be during the season, it just all depends on what they want to do and whether they want to stick here and for what number they want to stick here. There's a common ground there some place and if we don't reach it, then sometimes we won't go after them.
Q: What was your reaction to Manny Machado's reported agreement with the Padres for 10 years and $300 million?
A: He's young. If you're going to go that deep, there's a lot of data out there that says 10-year deals are hard to make toward the back end, but you never know. He's certainly a premier player and he's getting a big number. Good for him.
Q: Does it make you nervous as an owner, though, when an agreement ike that comes and drives the price of other guys up?
A: That number has been hit before. I think each team is different. Certainly the smaller market teams have a difficulty eating a contract like that if it doesn't go well. The bigger market teams have more cash, and I don't need to tell you who those are, they can afford to make a mistake and still eat a deal like that. You have to be very cautious. San Diego has a plan and I'm sure they knew what they were doing when they signed him. They've got a bunch of good owners and I hope it works out for them.
Q: What do you think of the 20-second pitch clock that will be tested in spring training games?
A: I think everybody is looking to speed up the games. The games have gotten too long in everyone's opinion, even the players. They're going to have to do something in order to get the game times down under three hours, and even lower. It's hard for the fans. And, by the way, the fans are paying the bills. It's hard for the fans to go to a 3- or 4-hour game. It's really, you have to focus on the fans and what makes them happy and what they need to do to pay the money to come to the ballpark, which is eventually paying us all. We have to stay focused on the fans."
Q: Any other rule changes or proposals?
A: There's a couple more on the board, I don't know exactly if (commissioner Rob Manfred) is going to implement them this year or not. We're in discussions. It's not the commissioner against the players, it's what's best for the fans, and that's what we really need to stay focused on. We need to speed up the game. The games have gotten too long."
Q: I know every player has his own individual situation, but you got Jose Altuve's extension done during spring training last season. You have some guys on your team that would be candidates for extensions. Do you prefer to get it done before the season?
A: I think the guys would probably prefer to have it done before the season starts; they don't have to think about it while they're playing and get that off the board. Certainly that was a great one for us last year and hopefully a good deal for him and a good deal for us. We really love Jose and the fans love him, so that one was pretty easy. I'm headed up to Jeff's office after this to see what he's got on the board. Hopefully there will be a deal there or two that we may be able to extend right now but, if not, we'll do what's best for the team."
Q: Any further thoughts on Dallas Keuchel or Marwin Gonzalez, who both remain unsigned?
A: I think those guys have had offers, if not from us from other teams. Those are offers they didn't take. Hopefully they'll land in the right spot and certainly it could be one or two of them might be back here. Who knows?
Q: Have they had offers from the Astros?
A: I'll let Jeff comment on that.
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Post by Saint on Feb 21, 2019 14:18:09 GMT -6
The amount of people that buy stuff on credit and barely pay off always amazes me. As soon as my wife and I pay off our current vehicles, I will never finance a vehicle again. Yeah, but if the dealership is offering 0% financing up to 5 years, or even 2%, it is hard to turn that down.... Even with that, I don't want payments. |
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marshall
Veteran
21st Century Luddite
Ephesians 6:12 For our struggle is not against flesh and blood...
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Post by marshall on Feb 21, 2019 15:13:22 GMT -6
Yeah, but if the dealership is offering 0% financing up to 5 years, or even 2%, it is hard to turn that down.... Even with that, I don't want payments. I'm generally in agreement with that. But there are extenuating circumstances at times. For instance, I had a 2000 Ford F-350 which was paid off, but the fuel was costing about $300/mo and every repair, though always "minor" would cost about $1000. Every tire was over $250. I had a chance to take about $10k in equity and roll that into a Prius which was not over priced and received a 2%/yr interest rate. The cost of operating this vehicle even with the note was under $250 and there was little to no likelihood of repair of roadside failure.
In this case, it made financial and practical sense due to total cost and reliability for an elderly frail guy who wasn't in a position to spend hours on the road waiting for assistance.
However; if I had known how much more aggressive other drivers would be toward a Prius than the F-350, I might have discounted that advantage.
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Post by paastrosfan on Feb 21, 2019 15:18:07 GMT -6
There is not many tax deductions for the tax payer now. Unless you have kids under 17 or siblings going to college. That is how I used the lifetime learning credit this tax season. I don't think I understand your point. When you overpay taxes (get a refund), it means the government kept your money all year, used it for whatever they wanted to use it for, and then gave it back to you because they had to and didn't pay any interest for the privilege. Let's say you got a refund check for $7500. That means you paid them $625/month over a year that you didn't have to pay. Could you have used an extra $625 a month? You bet your ass you could have. Even worse, you could have put the money into the worst savings vehicle out there (CDs) and gotten an extra $150-200 in interest. Doesn't seem like much? It's money you DIDN'T HAVE BEFORE and the time value of it for that year is gone forever. Ever hear of the Rule of 72? I'll make a deal with you and everyone else on this board: send me $500/month and at the end of the year I'll gladly send you a check for 6K. Of course, I'll keep the interest/capital gains it made for me. Without me using the life long credit for my daughter going to college this year, I wouldn't have gotten a refund back. Reading into Cat's post, I would have been in the range he mentioned of owing Uncle Sam, with me taking my cut bi-weekly, instead of Uncle holding it, or the little that I would have owed. |
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talshill
Arbitration Eligible
Vini, vici, pavori.
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Post by talshill on Feb 21, 2019 15:32:43 GMT -6
The amount of people that buy stuff on credit and barely pay off always amazes me. As soon as my wife and I pay off our current vehicles, I will never finance a vehicle again. Yeah, but if the dealership is offering 0% financing up to 5 years, or even 2%, it is hard to turn that down.... Why is it so hard? Even at 0% it's not a good deal. First, the reason they offer that is because the base price of cars has gone bonkers in the last 15 years or so. Instead of paying 25k for it and then extra money to the bank to finance it, they just raise the cost of the car to 30k, sell it for 0% interest and cut the bank out of the equation, thereby keeping all the profit. The thing loses 35% of its value as soon as you drive it off the lot. Much better financially to buy one 2-3 years old, let someone else (who buys it new for 0%) absorb the depreciation. I bought a '15 Camry in 2017 that had 19k miles on it for 17 grand, which is about 13 grand less than it's sticker price. It still looked and smelled new. A car is a depreciating asset; i.e., it goes down in value the longer you have it (classic cars notwithstanding). It depends on your goals. If you want to spend 60k on a car for 0%, have at it. Much better in the long run to spend less on the car and put the difference into an appreciating asset like real estate or another investment or paying off other debt. If you want a new car to feel better about yourself then that's a self-worth issue, and those can be expensive. Having an ego can cost you money. |
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Post by Deleted on Feb 21, 2019 15:38:26 GMT -6
Even with that, I don't want payments. I'm generally in agreement with that. But there are extenuating circumstances at times. For instance, I had a 2000 Ford F-350 which was paid off, but the fuel was costing about $300/mo and every repair, though always "minor" would cost about $1000. Every tire was over $250. I had a chance to take about $10k in equity and roll that into a Prius which was not over priced and received a 2%/yr interest rate. The cost of operating this vehicle even with the note was under $250 and there was little to no likelihood of repair of roadside failure.
In this case, it made financial and practical sense due to total cost and reliability for an elderly frail guy who wasn't in a position to spend hours on the road waiting for assistance.
However; if I had known how much more aggressive other drivers would be toward a Prius than the F-350, I might have discounted that advantage.
Marshall... You driving a Prius? I gotta call bullshit on that one. |
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Post by Saint on Feb 21, 2019 15:49:57 GMT -6
Even with that, I don't want payments. I'm generally in agreement with that. But there are extenuating circumstances at times. For instance, I had a 2000 Ford F-350 which was paid off, but the fuel was costing about $300/mo and every repair, though always "minor" would cost about $1000. Every tire was over $250. I had a chance to take about $10k in equity and roll that into a Prius which was not over priced and received a 2%/yr interest rate. The cost of operating this vehicle even with the note was under $250 and there was little to no likelihood of repair of roadside failure.
In this case, it made financial and practical sense due to total cost and reliability for an elderly frail guy who wasn't in a position to spend hours on the road waiting for assistance.
However; if I had known how much more aggressive other drivers would be toward a Prius than the F-350, I might have discounted that advantage.
Yeah but $10K could get you a whole number of very good gas efficient pre-owned vehicles without taking on payments. |
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talshill
Arbitration Eligible
Vini, vici, pavori.
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Post by talshill on Feb 21, 2019 15:52:51 GMT -6
I don't think I understand your point. When you overpay taxes (get a refund), it means the government kept your money all year, used it for whatever they wanted to use it for, and then gave it back to you because they had to and didn't pay any interest for the privilege. Let's say you got a refund check for $7500. That means you paid them $625/month over a year that you didn't have to pay. Could you have used an extra $625 a month? You bet your ass you could have. Even worse, you could have put the money into the worst savings vehicle out there (CDs) and gotten an extra $150-200 in interest. Doesn't seem like much? It's money you DIDN'T HAVE BEFORE and the time value of it for that year is gone forever. Ever hear of the Rule of 72? I'll make a deal with you and everyone else on this board: send me $500/month and at the end of the year I'll gladly send you a check for 6K. Of course, I'll keep the interest/capital gains it made for me. Without me using the life long credit for my daughter going to college this year, I wouldn't have gotten a refund back. Reading into Cat's post, I would have been in the range he mentioned of owing Uncle Sam, with me taking my cut bi-weekly, instead of Uncle holding it, or the little that I would have owed. Fantastic. It sounds like you're where you need to be and it's always nice to get back extra as in the case of the Lifetime Learning Credit. It's because of school expenditures that I'll only owe around $1300 this year, which I'm holding onto until April 14. My response to you had more to do with your statement about people liking to get money back. I'm sure they do. But consider this: would you invest money in a bank all year only to find out they'd loaned it out and made money off of it all year but failed to pay you, the originator of the money, any interest? The point is that people who accumulate money honestly think differently about it. For example, you deposit 20k into a CD and they agree to pay you, say, 2%. At the end of the year you've made $400. The Fed allows the bank to loan out more than their controlled assets (I believe, but am not certain, that the number is 7X more). So, you put your 20K in, the bank can now loan 140K (seven times what you deposited) for some dude to buy a house at 5%. After the first year, they've collected $7,000 in interest from their loan and paid you $400, when it was your 20k that allowed them to make the loan in the first place. In the case of a tax refund, it's like financing the house and getting back ZIP. In fact, you've lost about 3% because inflation ate $3 out of every $100 you left with the government. |
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marshall
Veteran
21st Century Luddite
Ephesians 6:12 For our struggle is not against flesh and blood...
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Post by marshall on Feb 21, 2019 15:57:20 GMT -6
I'm generally in agreement with that. But there are extenuating circumstances at times. For instance, I had a 2000 Ford F-350 which was paid off, but the fuel was costing about $300/mo and every repair, though always "minor" would cost about $1000. Every tire was over $250. I had a chance to take about $10k in equity and roll that into a Prius which was not over priced and received a 2%/yr interest rate. The cost of operating this vehicle even with the note was under $250 and there was little to no likelihood of repair of roadside failure.
In this case, it made financial and practical sense due to total cost and reliability for an elderly frail guy who wasn't in a position to spend hours on the road waiting for assistance.
However; if I had known how much more aggressive other drivers would be toward a Prius than the F-350, I might have discounted that advantage.
Marshall... You driving a Prius? I gotta call bullshit on that one. Actually, I'm now on my second Prius. I bought a Red 2014 and this was the purchase I mentioned above. Harvey caused that one to be totaled and I got a silver 2017 by adding in the Rental settlement since there were no rentals available for the foreseable future at the time. Both were hybrid Prius Cs and I actually get right at 50 MPG. Of course, before I had my F350, I had a Dodge Shadow, so I wasn't completely unfamiliar with small cars. |
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talshill
Arbitration Eligible
Vini, vici, pavori.
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Likes: 1,111
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Post by talshill on Feb 21, 2019 15:57:53 GMT -6
No more financial advice from talshill today. Those who would like to learn more can buy my book, "What the Hell Are They Thinking" available at book retailers everywhere.
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marshall
Veteran
21st Century Luddite
Ephesians 6:12 For our struggle is not against flesh and blood...
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Post by marshall on Feb 21, 2019 15:59:56 GMT -6
I'm generally in agreement with that. But there are extenuating circumstances at times. For instance, I had a 2000 Ford F-350 which was paid off, but the fuel was costing about $300/mo and every repair, though always "minor" would cost about $1000. Every tire was over $250. I had a chance to take about $10k in equity and roll that into a Prius which was not over priced and received a 2%/yr interest rate. The cost of operating this vehicle even with the note was under $250 and there was little to no likelihood of repair of roadside failure.
In this case, it made financial and practical sense due to total cost and reliability for an elderly frail guy who wasn't in a position to spend hours on the road waiting for assistance.
However; if I had known how much more aggressive other drivers would be toward a Prius than the F-350, I might have discounted that advantage.
Yeah but $10K could get you a whole number of very good gas efficient pre-owned vehicles without taking on payments. That's exactly what I would have done when I was younger and could walk several miles if necessary to get help if the car broke down in a rural area. But reliability is paramount these days. It's life insurance. |
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Post by paastrosfan on Feb 21, 2019 16:01:20 GMT -6
Without me using the life long credit for my daughter going to college this year, I wouldn't have gotten a refund back. Reading into Cat's post, I would have been in the range he mentioned of owing Uncle Sam, with me taking my cut bi-weekly, instead of Uncle holding it, or the little that I would have owed. Fantastic. It sounds like you're where you need to be and it's always nice to get back extra as in the case of the Lifetime Learning Credit. It's because of school expenditures that I'll only owe around $1300 this year, which I'm holding onto until April 14. My response to you had more to do with your statement about people liking to get money back. I'm sure they do. But consider this: would you invest money in a bank all year only to find out they'd loaned it out and made money off of it all year but failed to pay you, the originator of the money, any interest? The point is that people who accumulate money honestly think differently about it. For example, you deposit 20k into a CD and they agree to pay you, say, 2%. At the end of the year you've made $400. The Fed allows the bank to loan out more than their controlled assets (I believe, but am not certain, that the number is 7X more). So, you put your 20K in, the bank can now loan 140K (seven times what you deposited) for some dude to buy a house at 5%. After the first year, they've collected $7,000 in interest from their loan and paid you $400, when it was your 20k that allowed them to make the loan in the first place. In the case of a tax refund, it's like financing the house and getting back ZIP. In fact, you've lost about 3% because inflation ate $3 out of every $100 you left with the government. When I read your original post, I am like you, try to get back every penny I could from the government. If my daughter wasn't going to college this past year I would have owed money. We all lost the personal exemption for siblings, but can net an extra $500 dollars in that category for a dependent. I do my own taxes, and look for any loop-holes, which their are not many. |
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Post by paastrosfan on Feb 21, 2019 16:02:28 GMT -6
No more financial advice from talshill today. Those who would like to learn more can buy my book, "What the Hell Are They Thinking" available at book retailers everywhere. ***** |
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marshall
Veteran
21st Century Luddite
Ephesians 6:12 For our struggle is not against flesh and blood...
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Post by marshall on Feb 21, 2019 16:08:47 GMT -6
Without me using the life long credit for my daughter going to college this year, I wouldn't have gotten a refund back. Reading into Cat's post, I would have been in the range he mentioned of owing Uncle Sam, with me taking my cut bi-weekly, instead of Uncle holding it, or the little that I would have owed. Fantastic. It sounds like you're where you need to be and it's always nice to get back extra as in the case of the Lifetime Learning Credit. It's because of school expenditures that I'll only owe around $1300 this year, which I'm holding onto until April 14. My response to you had more to do with your statement about people liking to get money back. I'm sure they do. But consider this: would you invest money in a bank all year only to find out they'd loaned it out and made money off of it all year but failed to pay you, the originator of the money, any interest? The point is that people who accumulate money honestly think differently about it. For example, you deposit 20k into a CD and they agree to pay you, say, 2%. At the end of the year you've made $400. The Fed allows the bank to loan out more than their controlled assets (I believe, but am not certain, that the number is 7X more). So, you put your 20K in, the bank can now loan 140K (seven times what you deposited) for some dude to buy a house at 5%. After the first year, they've collected $7,000 in interest from their loan and paid you $400, when it was your 20k that allowed them to make the loan in the first place. In the case of a tax refund, it's like financing the house and getting back ZIP. In fact, you've lost about 3% because inflation ate $3 out of every $100 you left with the government. I loved learning about the marvels of banking and the multiplier effect of loan toe reserve ratios (which cause occasional bank bailouts to be required). It really is a license to steal. But not quite at the theft rate of the Fed who doesn't even have to spend money on ink and paper anymore to produce money backed by nothing more than the faith and credit of the US since first Roosevelt took us off the gold standard and then Johnson took us off the silver backup commodity. Now there is nothing backing the money and inflation will ultimately destroy the US economy.
But dollars are falling like snow in a blizzard, so it's fun.
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talshill
Arbitration Eligible
Vini, vici, pavori.
Posts: 2,006
Likes: 1,111
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Post by talshill on Feb 21, 2019 16:17:18 GMT -6
Fantastic. It sounds like you're where you need to be and it's always nice to get back extra as in the case of the Lifetime Learning Credit. It's because of school expenditures that I'll only owe around $1300 this year, which I'm holding onto until April 14. My response to you had more to do with your statement about people liking to get money back. I'm sure they do. But consider this: would you invest money in a bank all year only to find out they'd loaned it out and made money off of it all year but failed to pay you, the originator of the money, any interest? The point is that people who accumulate money honestly think differently about it. For example, you deposit 20k into a CD and they agree to pay you, say, 2%. At the end of the year you've made $400. The Fed allows the bank to loan out more than their controlled assets (I believe, but am not certain, that the number is 7X more). So, you put your 20K in, the bank can now loan 140K (seven times what you deposited) for some dude to buy a house at 5%. After the first year, they've collected $7,000 in interest from their loan and paid you $400, when it was your 20k that allowed them to make the loan in the first place. In the case of a tax refund, it's like financing the house and getting back ZIP. In fact, you've lost about 3% because inflation ate $3 out of every $100 you left with the government. I loved learning about the marvels of banking and the multiplier effect of loan toe reserve ratios (which cause occasional bank bailouts to be required). It really is a license to steal. But not quite at the theft rate of the Fed who doesn't even have to spend money on ink and paper anymore to produce money backed by nothing more than the faith and credit of the US since first Roosevelt took us off the gold standard and then Johnson took us off the silver backup commodity. Now there is nothing backing the money and inflation will ultimately destroy the US economy.
But dollars are falling like snow in a blizzard, so it's fun.
Which is exactly what caused the crash and burn of the stock market in '08. Passing out air-backed money like tic-tacs to people who had no business receiving a loan. There was a show on Netflix about that very thing. The Big Short. That little bubble caused the assets of talshill to decline precipitously, but it's all good now. |
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Post by bearbryant on Feb 21, 2019 16:17:33 GMT -6
No more financial advice from talshill today. Those who would like to learn more can buy my book, "What the Hell Are They Thinking" available at book retailers everywhere. |
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talshill
Arbitration Eligible
Vini, vici, pavori.
Posts: 2,006
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Post by talshill on Feb 21, 2019 16:26:27 GMT -6
No more financial advice from talshill today. Those who would like to learn more can buy my book, "What the Hell Are They Thinking" available at book retailers everywhere. Nah, that was my other book. The foreword in this one was by Warren Buffet. |
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Post by astrosdoug on Feb 21, 2019 16:51:50 GMT -6
Astros pitching prospect Willy Collado getting some love on Fangraphs chat today.
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Post by astrosdoug on Feb 21, 2019 16:53:19 GMT -6
I had forgotten Bob Knepper once gave up 3 HRs (and 9 runs) in an inning.
That one made the recent struggles of Devenski, Keuchel, and even Fiers look pretty small by comparison.
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Post by ɮօʀȶǟʐ on Feb 21, 2019 17:17:18 GMT -6
I had forgotten Bob Knepper once gave up 3 HRs (and 9 runs) in an inning. That one made the recent struggles of Devenski, Keuchel, and even Fiers look pretty small by comparison. Well, he was no Jason Jennings. |
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Post by Deleted on Feb 21, 2019 17:37:36 GMT -6
I had forgotten Bob Knepper once gave up 3 HRs (and 9 runs) in an inning. That one made the recent struggles of Devenski, Keuchel, and even Fiers look pretty small by comparison. Well, he was no Jason Jennings. Admit I had to look it up, but sure remember it, and truly indicative of the awful time we had as fans in the late '00's. 28 Jul 2007 for Jason Jennings? 2/3 of inning 11 earned runs. |
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Post by astrosdoug on Feb 21, 2019 17:47:02 GMT -6
The flip side to Jennings' horrible inning was the 12-run outburst the Astros made on May 31, 1975 against the Phillies. They had been shut out in the game until the top of 8th, trailing by 2 runs. The 12 runs the Astros scored in that frame are still a team record.  |
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Post by bearbryant on Feb 21, 2019 18:08:47 GMT -6
I remember Jim Clancy starting a game in Riverfront in 1989 when he gave up 14 runs in the 1st inning. Although some runs scored with the long reliever in tow
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Post by Deleted on Feb 21, 2019 18:29:37 GMT -6
The flip side to Jennings' horrible inning was the 12-run outburst the Astros made on May 31, 1975 against the Phillies. They had been shut out in the game until the top of 8th, trailing by 2 runs. The 12 runs the Astros scored in that frame are still a team record. Pretty fitting that Metzger was 2 of the 3 outs in that 12 run inning. He made Adam Everett look like Babe Ruth. |
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Post by astrosdoug on Feb 21, 2019 18:33:00 GMT -6
I remember Jim Clancy starting a game in Riverfront in 1989 when he gave up 14 runs in the 1st inning. Although some runs scored with the long reliever in tow Yep, Clancy was in the twilight of his career then and went through a stretch that season of getting pulled by the 2nd or 3rd inning he was so bad. By the end of the year he was often pitching out of the pen. That particular game, Clancy failed to record a single out and Art Howe had to put Bob Forsch in relief right from the first inning. Forsch ended up going 7 innings, way more than his usual stint of 2 to 3 frames. Aside from Forsch, the Astros had a pretty good bullpen that year. And they sure needed it, because really only Jim Deshaies and Mike Scott (maybe to some extent, Mark Portugal) were reliable as starters. |
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