Then why did I submit a claim? I submitted a claim because it is the only way to not be forced to pay for medical coverage that is falsely expensive because of your involvement.
For the record, I did not lie on my claim. I listed all my aches and pains–which thankfully are minor–and let the system decide. I got 10%. I really don’t know all the politics behind this issue, and I’m not a health care professional, but there is no way that I should be receiving free money.
I will be at my first annual check-up at the VA medical center, where the nurses and doctors have been very accommodating and professional, on the 16th because that is what I need, annual check-ups. I will continue to live a healthy lifestyle for myself, and to fulfill my responsibility to not drain the system.
I will continue to save my money when I can. I hope you can do the same. You can start with my two hundred some dollars a month. It would be nice to cash the check and throw it on the big pile that I’ve saved by not buying into the American consumer society that you’ve promoted, but I really don’t need it.
*Instead of using actual market cap value, I used “Nonfinancial corporate business; corporate equities; liability, Level” from the Federal Reserve Bank of St. Louis because the data is available since 1945. That number is only reported quarterly, so the Wilshire 5000 index is used to extrapolate to find the current value.
**The GDP is used by some reports instead of GNP, but Buffett uses the GNP. GDP and GNP are very similar, within about 1% of each other, and don’t fluctuate like total market cap does.
Buffett Indicator chart with various standard deviation lines based only on past data.
I have to pick an economist. My pick is John P. Hussman. He posts straightforward charts showing strong correlation between current indicators and future results. He uses the S&P 500 to measure performance and he has consistently posted weekly since 2003. All of his posts are available for quick reference: Hussman Funds Weekly Market Comment.
236 = current Consumer Price Index. This number is adjusted so that it averages 100 from 1982-1984. For the first year this number was calculated, 1913, the value was 9.9 (BLS)
6.42 = Chinese Yuan Renminbi for 1 US dollar (x-rates.com)
My Market Tools, Long-Term to Specific
Buffett Indicator from above
My economist pick: John P. Hussman, referenced above.
Investor’s Business Daily Big Picture
CANSLIM checklist for picking individual stocks
Energy
All energy data here is in petajoules = 1 quadrillion joules = “1-with-fifteen-zeros” joules, which can quickly be converted to other units of energy for comparison:
See also the US energy flow graph, Section 1.0, for a visualization of energy use.
10,100,000 petajoules = energy contained in the 1,656 billion barrels of proved world petroleum reserves (US Energy Information Administration), using the above conversion as an estimate of the energy equivalent.
7,578,000 petajoules = energy contained in the 6,973 trillion cubic feet of proved world natural gas reserves (US Energy Information Administration). This is probably a very rough estimate because of variance in the energy contained in different natural gas.
$39.93 / barrel = current price of WTI crude oil (US EIA) = $6,527,000 / petajoule of energy
$2.11 / million BTU = Henry Hub spot price of energy from natural gas (US EIA) = $1,942,000 / petajoule from natural gas
6.527 / 1.942 = 3.4: oil energy currently costs 3.4 times as much as natural gas energy.
252 million = US civilian noninstitutional population
59.3% = employment-population ratio, which is the percentage of civilian noninstitutional population who are employed. Total employed is 149 million people. This is 46.2% of the total population.
5.0% = “unemployment rate” the most-often-reported percentage that does not include people who are not seeking employment, whether receiving unemployment benefits, welfare, or otherwise.
Going into the last full month here in Ohio, biking has a commanding 170 mile lead over driving. December is pretty much going to be a victory lap!
Thanksgiving was awesome. I brought the keyboard and gave some lessons to my cousin-in-law. We both know enough to make some pop-music noise now.
Of note also, I finally got the call from a local basketball team so I’m briefly coming out of retirement tonight for two 20 minute running-clock halves.
Answer to last week’s question: the Olentangy River was supposed to be named the Whetstone River because its Delaware Native American name meant “stone for your knife stream,” based on the shale found along its shores. Olentangy means “river of the red face paint,” and was the name that was supposed to go to what is now Big Darby Creek.
This week’s quiz question: near what Ohio city does the Scioto River empty into the Ohio River?
Oprah has 87 favorite things this year. For her favorite things, click her picture.
Click the picture for Oprah’s favorite things.
Notice she has teamed up with Amazon this year! She must have stolen that idea from me, since I have been doing that right here on my website since March 2014. Oprah is rich and trendy. Her favorite things are expensive and trendy. My favorite things are just awesome. See below.
1. GE LED Light Bulbs
Technology has finally produced a bulb to truly replace the incandescent light bulb. These have all of the advantages of the incandescent bulb with none of the drawbacks of compact fluorescent bulbs (CFLs), and use less energy than CFLs. They even look just like regular light bulbs. Perfect for that guy on your list who just wants cash. One 60W equivalent that costs less than $6 saves more than $100 in electricity over the 22 year life of the bulb!
40 Watt Equivalent
60 Watt Equivalent
I have not bought anything more than a 60 watt. Maybe next year.
2. Simple Kneads Gluten-free Bread
Brand new product available to order only since last week! The best gluten-free bread available. Get it while it’s hot! My favorite is the sourdough.
3. The Best Phone Charger You Can Buy
Ever notice that some chargers charge your phone fast and some take a long time? That is because of the current rating of the charger. This thing puts out enough power to light that 40 watt (equivalent) bulb above! It also has a long cable with a little light on the end and a USB port so you can remove the cable.
4. The Best Car Charger You Can Buy
Same as above, but for your car.
5. Supplemental Battery
This will run any phone (even smart phones) for several days on a charge. I used it while traveling on my bike for days at a time.
6. Trailer Hitch Bike Rack
While not as beefy or secure as its name-brand $450 counterparts, it gets the job done for 130 bucks. It is certainly heavy-duty enough that the bikes will not come off on the highway. You can get it stolen twice and still spend the same as for the name-brand!
7. Go Buckeyes!
8. At a Glance Phrasebooks by Barron’s
For whatever language, At a Glance phrasebooks are the best you can buy. They have the usual phrases, as well as pronunciation, and a handy dictionary in the back. I have personally used the Japanese, Korean, and Portuguese. Good pocket size and sturdy cover. Only one fits in your pocket. This is the best one.
9. The Best Pens
How many different types of pens are out there? Way more than there should be. This should be the only type. They are the best.
10. Kindle Paperwhite and Carrying Case
The Kindle Paperwhite is the best e-reader out there. I haven’t used the other e-readers, so how do I know? Because you can’t improve on perfect. The screen looks like paper, the pages flip fast, and it has a built-in back light for reading at night. You’ll want to be able to carry it without scratching the screen and this case is just that. Nothing fancy, just a well-fitting cover.
11. Jump Rope
A great product for a great exercise. It has ball bearings, adjustable length, and what else do you need in a rope?
$0.40 trillion = interest expense on US government outstanding debt, fiscal year 2015 (www.treasurydirect.gov)
0.40 / 18.7 = 2.1% average annual interest rate on the national debt
0.40 / 3.2 = 12%, interest expense as a percentage of tax revenue
$3.53 trillion = currency exchange reserves held by the Chinese government as of Oct 2015 (www.tradingeconomics.com) This has been steadily decreasing since it peaked at $3.99 trillion in mid-2014.
$4.25 trillion = money supply inflation as of Nov 2015 by the practice of quantitative easing (www.federalreserve.gov with data interpretation help by Wikipedia) This amount has been relatively steady since Oct 2014.
All of the US government numbers come directly from balance sheets available on .gov sites. It was calming to find the numbers I’ve heard about in the news on a regular old balance sheet. I don’t think I will rush to cash in my savings bond.
What: Turkey Trot Thanksgiving Day 10K, 5K, or around-the-lake walk
When: meet at 845, start at 9AM Thanksgiving Day, Thursday, 26 November 2015 (tomorrow)
Where: start at Antrim Park
Why: to feel good about all that turkey and stuffing we are going to eat, save $45 compared to the corporate-sponsored Turkey Trot, and because it’s too cold to run and it’s our only day off.
Around the Lake Walk
Around the Lake = 1.2 miles / 2K
Your Standard 5K
Around the lake, east on 161, turn around in front of TWHS = 3.1miles / 5K
10K
Around the lake, just past the tennis courts and back = 10K
I slept in Monday morning until I could hear the frost on my tent dripping from the sun melting it. I hit the road intending to be on the bus in Grove City by sunset.
I had a couple donuts from Jolly Pirate while I waited for the bus and called my brother who would be getting out of work at the same time my bus rolled through downtown. Turns out, he was going to a Donald Trump rally with his girlfriend, so I joined them. After the rally, I went home.
In summary, I rode 314 miles in 7 days, an average of about 45 very flat and very straight miles per day. I visited 6 different people. Big thanks to those who lent me a couch to sleep on!
163 miles to ClevelandA trail and a rail153 miles to Cleveland
I could probably have made it home by this evening if I had pedaled all day today. Instead I had breakfast with my friend from grade school and finally met his girlfriend of 4 years, then read a book the rest of the day until the sun got low.
Now I’m toasty warm in the Hotel del REI despite sub-freezing temps outside. 45 miles to go!
Welcome back to Ohio, Rachel and Tony! Saturday morning, rode across town through Beavercreek to my cousin’s new apartment complex to help them move in. With about ten people helping out, they were ready for a party by kickoff. We all watched the Buckeyes lose, then hung out for the night.
Moving complete, we kicked back and watched the game.
Friday morning, hit the trail north from Mason to Beavercreek.
I intended this trip to be more leisurely than my first, but some quick addition could have revealed that would not be the case. It has gone to plan so far, and 225 miles in 4 days is not leisurely. I have 3 books to read and don’t have to be back until… I don’t know, Thursday? I’ll take it easy on the way home.
The southwest Ohio trail network is centered in Xenia Station, hence the 0.0 mile marker there. It truly is a great network that connects almost continuously with dedicated bicycle trails from Cincinnati to Cleveland.
I arrived at Ahmed and Emily’s home in Beavercreek on Friday afternoon and enjoyed lunch, Young’s Dairy, and chicken for dinner. I met their two kids, Alistair and Bazile for the first time also.
