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Chris DeMuth Jr. is the founder of Rangeley Capital LLC. Rangeley is an investment firm that focuses on event driven, value-oriented investment opportunities. Rangeley Capital and his value investing forum, Sifting the World (StW), search the world for misplaced bets. Rangeley exploits them for... More
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  • Chart Of The Day 2 comments
    Sep 6, 2013 7:24 PM

    I am starting a new feature on this blog, the Chart Of The Day. The idea is to present a data set with some relevance to investing. Please comment with any suggestions.

    (click to enlarge)

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Additional disclosure: Chris DeMuth Jr is a portfolio manager at Rangeley Capital, a partnership that invests with a margin of safety by buying securities at deep discounts to their intrinsic value and unlocking that value through corporate events. In order to maximize total returns for our partners, we reserve the right to make investment decisions regarding any security without further notification except where such notification is required by law.

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  • Niksurfs
    , contributor
    Comments (96) | Send Message
     
    Telling isn't it. Not sure how well government jobs are going to hold up if we see interest rates rise and the National debt service begins to rise... either we print yet even more.....or austerity.

     

    nah, my money is on we buy more ink and paper and with Yellin at the helm, the next set of government workers hired are printing yeoman for the Treasury.

     

    I notice the Fed source "St Louis Fed" has significantly discounted the current recovery cycle as not being considered a slow roled extension of the recession. I guess it depends on how you measure and count up the numbers, with the "labor participation rate" at just slightly over 60%, they think the recession is behind us? really....
    The unknown costs that are about to hit this economy solely based on the Obama care bite and the impact it is going to have as a payroll deduction, save all the other issues, it's going to have a significant impact on income and jobs.

     

    Just sayin, I don't believe the government numbers on virtually anything. 2014 will be interesting that's for sure...
    6 Sep 2013, 11:17 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (11443) | Send Message
     
    Author’s reply » You don't believe the government numbers on virtually anything? I sympathize. This quote from Jean-Claude Juncker sums it up well: http://bit.ly/1e1Z7jW. Here is a source that I use for more honest statistics: http://bit.ly/nyzRiF. It is revealing to me that they constantly revise how they count various economic statistics, but virtually all of the revisions are in their favor. For example, by older measurements, inflation would be counted as being much higher. If they were playing it straight, one would think that somewhere around half of revisions would be in the inconvenient direction.
    7 Sep 2013, 06:21 AM Reply Like
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