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Yeah. That makes sense. I think US used to have that culture before the Reagan Revolution as well. I think the rise of LBOs in the late 1970s & 1980s helped to end that culture as well. All assets became financialized.

This is what I never understood about her funds. She keeps picking and sticking to stocks are theoretically high beta with a lot of revenue growth but since February 2021 her strategy has performed terribly. I remember buying ARKK in May 2020 and I thought it was a momentum fund but that is...

I wonder why unions work in German but in the UK & US they don't seem to work that well. It could be the culture of work in these countries are different. It could be that the heavy machinery that Germany exports is really a high skill profession helped by unions but low skill industries don't...

I doubt anyone actually believes BTC is a store of value. Bitcoin is not up because it is a store of value it is up because it is a "risk on" trade and benefits from excess liquidity provided by the deflationistas aka the Fed. BTC is the first to fall and the first to rise when conditions...

Just another globalist scumbag. Bet he lives in Singapore or Thailand. Most of these globalists love those places of course after looting the west.

Get real. The only ones who a chance are Tesla & Waymo (aka Alphabet). Everybody else is miles behind.

It was interesting that a few minutes before the FOMC announcement there was some upward movement in the index futures. The NQ moved up about 40 handles in the 4 minutes before the FOMC. I wonder if they were tipped off.

I remember the day it was included in the S&P 500 it was around $225 and it went straight to near $500. That day some analysts downgraded and one even said it was going $100-$150 since he believed it was a 1 trick pony. Plus you have the bad trend of Biotech stocks being obliterated since Feb...

That John Kehoe article is a good lesson for people who believe Pensions schemes are sustainable long term. All Pensions are simply Ponzi schemes in disguise since the people promising them won't be around to account for the collapse. I see it here in California all the time with state workers...

If you didn't like FDR seizing gold, then you're not going to like his seizing of property from Japanese Americans in California -- Safeway was a direct beneficiary of their thievery. I believe both of those were deemed unconstitutional by the Supreme Court in the 1950s and overturned...

So the plan is for the government to own 40% all future real estate? When is the revolution coming? The west is full of idiots running their countries. Its just a matter of time before the leftists take over just like the 1930s. Just hope it isn't the ghost of Robespierre and the resurrection of...

I'm pretty sure the only reason the ratings agency mafia wasn't sued was his ownership of Moody's. That industry should have gone the way of Arthur Anderson.

The only REITs paying 10% are the dreaded mREITs like Annaly. These will collapse in times of credit deterioration which is what is happening right now. Since June 2021 it is down 30%. That 13% dividend won't help you.

That is accurate. Think of the corrupt Oligarchs of Malaysia or even Russia. Instead of taking their money and building infrastructure people can use they buy yachts & $100M penthouses. I guess the question is who benefits from all that resource money that Aussies make? I can only assume the...

Howard is another delusional wanker. I wish he would tell us the reason that housing prices are endemic to Australia. I don't understand this guy but I'm getting a really bad vibe from the political leaders in Australia. Its the same here in the States. The political leaders don't do anything...

No growth + inflation just means the large cap tech trade continues. I went from short to long on the NQ at about 13260. It definitely waffled in the early morning but I thought it would come back strong.

Yen collapse is interesting as well. I assume it is collapsing because they refuse to end ZIRP & NIRP. If that's true then the Euro is about to collapse as well since the ECB pretty much abandonded any hope of normalizing rates. NIRP is really a disaster for your economy.

Sounds like here in the San Francisco area. I read that 10-15% on the homes/condos are vacant in San Francisco itself. I remember when I was in Madrid like 10 years ago someone there told me that lots of wealthy non-Spaniards owned homes in Madrid and they were always empty from day 1. Looks...

Right at the 50-day SMA which means its a good short right at $210. Unless FB can monetize WhatsApp they are doomed. Metaverse is just smoke and mirrors.

I did my undergrad "thesis" on the Black-Scholes Options Pricing Model. It took me a while to try and solve the non-linear partial differential equation that arouse from that -- this was in 1990. My Numerical Analysis class came in handy. I believe that's how RC Merton solved it originally. Even...