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Not WWI. Not WWII. Not the Cold war. Bitcoin! That's the big threat. The lack of insight in the crypto crowd is truly stunning. It always feels like they have everything invested in this one thing and they cannot bear to even consider anything but a positive outcome for them.

I don't agree with everything, but at least it's a different perspective than the typical financial media crap. I think that company he promotes for buying fractional shares in artwork is going to lose people money. I doubt his audience is big enough to really move the market.

I'd love to hear what interesting sites people have found for financial news, commentary and education. My contribution: I'm a fan of Zerohedge although they seem to have predicted 50 of the last 5 crashes. I also find some value in the Quoth the Raven podcast. If find Muddy Waters Research...

Nice catch. That edit is in the MIDDLE of his supposed response to a question. He must have said something absolutely stupid or locked up.

So you think you're going to be able to short t-bills for the exact same piece as their interest rate? Don't you think maybe that's a little optimistic on your part? What does a 6 month call cost right now?

Important aspects that this article left out: 1) They exchanged unsecured debt for secured debt. From the 2023 10k "Gain on debt extinguishment was $878 million during the year ended December 31, 2023, primarily due to the exchange of $5.5 billion in principal of Senior Unsecured Notes for $4.2...

No. That's not actually even a counter-argument. Yes other people do it. That doesn't invalidate anything I said nor did you try to even explain why you think it might And how exactly do you think we fund that? The US is prosperous enough to be able the have that due to our system. Hence...

I'll try to explain this so simply nearly anyone can understand. The US borrowing at interest instead of printing money out of thing air in important for two reasons: 1) It creates a disincentive for borrowing. Imagine how reckless our politicians would be without it. (This helps protect the...

Holy crap what a clown show!

If you don't know what you're doing and want covered calls, just buy an ETF that does it. Have you looked at your broker's data for option prices and volumes? I doubt there's much traffic in 1 month calls for the stock to go from $1200 to $2000. Look at the bids and asks and whether they...

If you look at their operating losses, they pretty much are.

I took a look myself and came up with about 5511 per car. Suddenly making that much per sale after losses the previous 2 years is suspicious to me as well. From their 10k: "We define total gross profit per unit as the aggregate gross profit in a given period, divided by retail units sold in...

I'm unimpressed by those rates. Especially with the CRE debacle that's coming. I think it's a smarter play to buy SPY if you want more returns than to loan money in an environment where banks seem to be allowed to keep ridiculous asset valuations on their books. If you look at the price to...

I'll admit that I have some of these, but the performance is inferior to 1 month treasuries via Treasury direct. Current 1 month rate is 5.48% essentially risk free. no fees in or out. Treasury direct can be set to auto rollover into new bills. And auctions happen every week so you can have...

This exactly!! I do the same.

Psychologically, I agree, but actually falling for it is the hallmark of someone lacking both perspective and critical thought. If membership in a social club went from $100 a year to $100,000 a year, a reasonable person would ask "what are the barriers to building an identical club across the...

It's always amazing to watch all the cliches rack up. Nobody does xxx Always a good time to buy! You just don't understand Past results indicate future returns! These crypto threads are like a manual on how to get ripped off. A shady overseas corporation with unaudited financials racking up...

Looks like BS to me. Sure you can float one ton on air... But how much does a typical rail car weight? Gross rail load for a boxcar is 143 tons. Length is about 58 feet. So vaguely on the order of 3 tons per foot. With a contact patch that is 2" for each rail, you would need an air pressure...

Image you held 3X GDP in JPY denominated 0% 15 year notes... (I couldn't easily find stats on the term of the debt.) If rates rise to 5% those existing notes are only worth about half what they were before. So theoretically raising rates is supposed to increase the value of a currency, but when...

Because they've made it so unaffordable for the average person that their population is actually declining. Japan is not a self-sufficient country. They have to buy things like food and fuel. They also need to be able to afford raw materials to make their export goods. It's not just whether...