Yeah wiping out someone's debt NEVER works. They will quickly build that right back up again because of bad habits...never learn
OT: Stock and Investment Talk
- Thread starter RU-05
- Start date
Government “ handouts” were just one factor in the current inflation (during a once in a hundred years pandemic no less). People are forgetting now that deaths per day are no longer 2,000 or more that supply chains are just now healing…for example shipping rates from Asia are finally now near what they were pre-pandemic after being multiples higher for many quarters.
Also, of course the Fed alone does have some control over interest rates (one doesn’t have to be a proponent of MMT to understand this) and they should have begun raising the Fed funds rate (slowly) and stopped QE at least six months earlier (actually about ten months but waiting one quarter would have been reasonable) than they did.
BTW…I’m sure Truth Social is a good time though…I love reading the “tweet truths.” People say they are some of the finest truths…
Good post, shows that the gov’t has dropped the ball, both this admin and the previous. Who would have known that putting all of your stimmy money into eth was the best play?
Supply chains became constrained in part because of factories that temp closed due to COVID but demand was, and likely still is, the biggest factor. And all you need to do is look at Home Depot and the service sector, namely contractors/electricians/plumbers/etc. who are just finally starting to see a drop-off in business. The Gov’t paid for everyone to redo their houses. Just like the Gov’t basically paid for a lot of new cars driving auto inventories to record lows.
If people bought new Teslas because of the government it was through PPP fraud most likely (of which unfortunately there was a lot and most of those folks didn’t vote for ‘46’ I assure you).
agree but right now, the mkt dislocations are 100% admin driven starting with the assault on fossil fuels.
No assault. Fake news.
Plenty of drill-able land available…oil companies prioritizing low risk profits over lower gasoline prices for Americans, that’s for sure.
You had your house redone? Actually had about $30k work done but didn’t get any government money. Real hard to get the work done because contractors always had excuse supply chain and workers. It took 6-8 months to actually get some projects finished due to delays.
World Container Index - 02 Jan
02 Jan 2025: Drewry’s World Container Index increased 3% to $3,905 per 40ft container this week.
www.drewry.co.uk
Commodities tumble with surging dollar hitting raw materials
Gold slid to the lowest in more than two years as tighter Fed policy and Europe’s worsening energy crisis has pushed up the US currency.
www.mining.com
you have no idea what you are talking about. drillable land is a small component of the big equation. do some research then come back and let's discuss and get away from liberal logic.
I waited a year for a portico to be built (actually more like two years because it took almost a year for me to even get an estimate from them). They did have some issues getting some materials in 2021 but they would up doing it at end of June 2022 for the estimate we agreed to in June 2021.
So you’re saying there is no more land available in the Permian? Lol Just silly.
Yes, always had a problem with getting estimates like they were too busy and didn’t need my business. One increase their quote after 6 months due to finding workers.
Yeah. I can’t believe they didn’t want more than the estimate. I was patient and eventually their schedule allowed for a relatively inexpensive job…under 11K.
Nike comments on inventory buildup will spook this week. I'm not sure it's all economic for them however, I see kids buying new stuff and lots, LOTS, of parents here in NJ are not buying nike for obvious reasons. I bring this up because I see and hear (even in work meetings in liberal northeast) lots of commentary on the social cost to corporate positions/actions unpopular policies (unpopular in American and not liberal press and admin) which matters.
Mkts are in a tough spot
slowing underbelly of the drivers of cost based pricing variables
political bs
war
assault on fossil fuels
taxation and spending
companies are slowing growth drivers due to labor and production costs (margins can only take so much)
I could go
by the way, anyone see Kamala say that communities of color should take precedent in Ian's wake? If you support the administration, you;'re a racist pos. No different than what the fascists did with less desirables. Support the administration and you're racist and no one should engage you here or otherwise
No, at least nothing major, but plenty of my neighbors/friends had work done.
Yup, true garbage coming from the admin. I hope people get smart and vote accordingly.
Tons of PPP fraud. Although I know plenty of people that don’t view it that way. Some of these businesses had minor temp issues that seemed like crises at the time. Two people I know that had their businesses “crushed” renovated their kitchen for about $140K and other one bought a Lambo.
Not really a Kamala fan but this is over-the-top nonsense…like people still pretending ‘45’ even had an infrastructure plan. “Liberal” lol Mitch McConnell will never speak to ‘45’ again. MM isn’t even center-right…that would be Liz Cheney.
When it comes to oil, what almost everyone misses is that even with a significant increase in drilling and pumping, the US does not have enough refinery capacity to put a dent into the equation. For years people have been shouting for more refineries, and the same people have fought if its in their own backyards.......stalemate.
More and more CE Board garbage on here. Sounding like folks are really smarting from investment losses and want to (need to) place blame on something/someone other than themselves. We've experienced an unprecedented long-lasting bull market. Lots of easy money "made." Lots of free money in play for a long time. Valuations grew as did expectations that this was the norm. A pandemic, an aggressive and meddling Russia, a partisan-divided USA, runaway inflation... all made for a perfect storm. And do we unite to make repair our common interests, our democracy? Not hardly. The bickering on this "Stock and Investment" thread reflects the trouble we're in. Our best days are surely behind us. We went from "The Greatest Generation" to a bunch of whiny entitled blowhards i.e. "The Weakest Generation." Rant over.
That would be my bet. It's been going straight down since 2008. I saw KBW put a note out last week that they were in a death spiral.
Fair. This isn’t 1980 and yet for some a 1980 Reagan campaign slogan is the mantra. Forty plus years of crumbling infrastructure and people still won’t wake up. Without work from home we would truly be screwed right now. And…In 1980 Al Gore hadn’t even invented the internet yet.
Agree but they have been at the top of my list for months. What's your guess?
For those who don't mind reading, for perspective, I offer the following article from Oaktree. There's also an embedded link to a video interview of Howard Marks.
https://www.oaktreecapital.com/insi...eaways-from-oaktrees-quarterly-letters-3q2022
https://www.oaktreecapital.com/insi...eaways-from-oaktrees-quarterly-letters-3q2022
A useless post from the guy always complaining about other posters. Typical.
Apparently you have no appreciation for smart-ass humor. Now, you're dead to me....
Gimmick investing winding down
"Recent statistics don’t bode well for the future of non-fungible tokens (NFTs). The monthly trading volume in NFTs has collapsed, with a 97 percent plunge from its trading peak earlier this year.
While NFT trading volume reached a record high of $17 billion in January, it fell to $466 million by September, as reported by Bloomberg. ..“It was pretty obvious there was a bubble element,” said Andrea Baronchelli, a professor at City University of London who studies the crypto and NFT space. The hype surrounding NFTs meant that a normalization and fall was inevitable."
observer.com
Chris Martenson does a nice job explaining "liquidity illusions" and bubble pops 7:30 in
"Recent statistics don’t bode well for the future of non-fungible tokens (NFTs). The monthly trading volume in NFTs has collapsed, with a 97 percent plunge from its trading peak earlier this year.
While NFT trading volume reached a record high of $17 billion in January, it fell to $466 million by September, as reported by Bloomberg. ..“It was pretty obvious there was a bubble element,” said Andrea Baronchelli, a professor at City University of London who studies the crypto and NFT space. The hype surrounding NFTs meant that a normalization and fall was inevitable."
NFT Trading Volume Plunges 97% Since January, Raising Questions About Their Future
With a 97 decrease in trading volume, is the future of NFTs in sectors like the art market becoming unstable?
observer.com
Chris Martenson does a nice job explaining "liquidity illusions" and bubble pops 7:30 in
“However, Baronchelli said he doesn’t believe this signifies the end of NFTs. “I don’t think we’re going towards an extinction of the market,” he said.Gimmick investing winding down
"Recent statistics don’t bode well for the future of non-fungible tokens (NFTs). The monthly trading volume in NFTs has collapsed, with a 97 percent plunge from its trading peak earlier this year.
While NFT trading volume reached a record high of $17 billion in January, it fell to $466 million by September, as reported by Bloomberg. ..“It was pretty obvious there was a bubble element,” said Andrea Baronchelli, a professor at City University of London who studies the crypto and NFT space. The hype surrounding NFTs meant that a normalization and fall was inevitable."
NFT Trading Volume Plunges 97% Since January, Raising Questions About Their Future
With a 97 decrease in trading volume, is the future of NFTs in sectors like the art market becoming unstable?
Chris Martenson does a nice job explaining "liquidity illusions" and bubble pops 7:30 in
Recently, a CryptoPunks NFT sold for $4.5 million on Sept. 28. “It’s not how it used to be, but it’s not dead,” said Baronchelli. “It’s not a low number, it’s actually a little surprising.” He added that the royalty benefits for artists and usefulness when it comes to issues of provenance remain important advantages of NFTs for the art world.”
