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I have cousins that live in the Toronto area (mainly Windsor) and they had to sell their investment properties so that their children could buy a house which is is virtually impossible without the bank of mom & dad. In fact one of their son-in-laws was a surgeon in Toronto and he told me he...

If China is to take over global hegemony from the US it will have to adapt like US did from its early success to even greater success. I doubt the current government & culture can do that without radical change. The US went from its post revolutionary economy to the pre-Civil War economy a...

Sounds like a modern day bucket shop as described in Reminiscences Of A Stock Operator.

The Fed really destroyed the liquidity of the Housing market. What do you expect from idiots who were buying 2% Apple Bonds in 2020? At this point the only way the housing market sees price discovery is a major recession. Until then go long the house builders. Anybody who refinanced in the last...

The guy who wrote this article really understands the Trump phenomenon very well. The real economic divide here in the states started with the signing of NAFTA under Clinton. Global free trade agreements leveraged office & tech workers but totally destroyed the working class in the midwest &...

Wow, so many scammers in Australia. The big 4 accounting firms are corrupt organisations. They always were, remember Arthur Anderson? Generally speaking most US financial firms are predatory in nature like the scumbags who run Goldman Sachs (just watch Margin Call to get a view of their...

Sanders is a fake Socialist just like his buddy Lieawatha aka Elizabeth Warren. They come off looking like idiots preaching wealth inequality while raking in millions from campaigning. The political system in the US is a joke. Before Sanders became a millionaire he used to rant about...

I don't where these authors looked for "blue zones" but in Northern India especially the state of Punjab everybody eats Chole (Garbanzo beans cooked with Indian spices), Rajma (Kidney beans with Indian spices) and Daal (Lentil) everyday. Most Indian dishes are made with caramelized tomatoes &...

Looks a lot like the Snocones ice cream I used to eat as a kid in Queens in the 1970s.

Do you really believe the Fed will ever offload all those junk MBS that they bought at 3%. The Fed was real smart to buy Apple bonds in April 2020. I'm sure Apple was going bankrupt, right? The Fed are a bunch of clowns.

If The Big Short was accurate, Burry is not a short-term trader but rather a fundamentalist investor. He was shorting housing way back in 2004-5 so he was extremely early and his investors were getting antsy about the monthly payments on his CDS' that were costing them money. This market...

Seems like Ackman's short Treasuries trade is a better bet. I'm surprised someone who went door to door to investment banks to buy CDS' is shorting the broad equity markets. I think shorting the AI winners is a better bet.

I think buying all the current low price EV stocks makes sense as a basket, however unless these companies generate positive cash flow they are just going to dilute the shareholders for funding until they actually make some money. Maybe Rivian has enough money since they had such a blockbuster...

Milei looked promising but I didn't like the following from wikipedia: Since 2012, Milei leads the division of Economic Studies, Fundación Acordar, a think tank of national scope.[25] He is also a member of the B20, the Economic Policy Group of International Chamber of Commerce (an advisor to...

The liquidity train is over. The tech trade is on its last days. NVDA needed multiple upgrades to only capture 50% of its loss from 2 weeks ago. Its just a matter of time before the 10 year breaks above the October high of 4.33%. The USD just broke above its 6 month high. More pain for the...

Looks like the fake rally born of 3 regional banks collapsing is coming to an end. Because of the SVB & Signature bank collapses the Fed destroyed 6 months of Quantitative Tightening which meant liquidity for worthless companies like Carvana and those crappy fintech stocks.

Above VIX=20, short vol makes sense. Let's hope it doesn't go crazy like Feb 2018. I think potential China deflation means higher USD & rising equity volatility but you would need a massive one day move higher to do the kind of damage that late Jan & early Feb 2018 did.

If you look at their latest 10Q they are basically a CEF that owns a lot of private loans & equity in non-public companies so its like a hybrid CLO + Venture Equity. 7.75% 5 year debt probably means they are A or AA.

This is so true. I live in the SF bay area and your top paragraph sums up most of the wealthy neighborhoods like in Palo Alto, Los Alto Hills, Hillsborough, etc. mainly south of SF commonly referred to as the Peninsula. Back in the 1980s the poor part of Palo Alto was expelled to create its own...

Looks like the strangest rally I've seen since the post-Brexit rally is officially over. Multiple regional banks collapsing was the trigger for the liquidity driven rally since March 13. The poster child for worthless stocks rising is Carvana. Of course we can't forget bankrupt companies like...