Time to be fearful; very fearful. Breakout in gold and silver a confirming signal? In Alberta, Canada the provincial government is a shill for private equity; probably most levels of government are to various degrees.
Every time I see a picture of Tom Lee, I feel like I'm seeing Bill Hwang (who drove Archegos into the ground and cost his prime lenders billions) with a little Grecian Formula to cover the gray.
Juncker’s statement was eye-opening at the time. It has since become apparent that our elected officials have only one goal: get reelected. Do whatever you have to do, no matter how damaging in the long term, to keep the gravy train rolling
"It’s critically important to keep your financial institution appraised of things like, change in jobs and income brackets, because the decisions they make are based entirely on what YOU tell them, or in this case don’t tell them."
Thank you as always. All folks have to do is take a little look around to see what is really happening in housing but so many just don't have the time.
… On their own behalf. But are functional on the behalf shell of the world-is-our-oyster-eaters.
Understanding, as the broken chain connecting drive & driven sprockets, is misdiagnosis.
The sprockets that have been selected for grooming & “education” are missing too many teeth.
But this is not just lately. It is always. There have been no ‘good old days’ when this wasn’t reality.
The wo/m/engine produces sound & fury signifying nothing save sound & fury.
These are incapable of storming anything.
Except themselves, each other, at behest of “their” low & high pressure generator-generals.
“I have often laughed at the weaklings who thought themselves good because they had no claws” ~ a famous German from before the mass/elf-imposed reversal to Manger spooled up to spun out
Or striplings who think themselves good because they have no teeth.
***
I met a new neighbor once who proceeded to tell be about the two 4000+ square foot houses he’d “had” & that were to be the basis of his retirement. ’08 hooked those houses. Hooked his “good credit rating,” too. So he walked planks & jumped thru hoops for years until he was deemed to again be worthy to be allowed to get another mortgage … on a small starter house.
“Res r/e has been good to my family,” someone else told me.
Generally Accepted Accounting Principles of Greater Fools is no theory.
And tulip bulbs were good to some of those flower-power families, too.
So are lottery tickets.
But easy money goods regularly begets bads worse than before “the wins.”
Re(al estate)ligion.
Carlin: It’s called the American Dream because you have to be asleep to believe it.
Rudy,,, this is another one for my archives. i felt guilty by the time i finished because i felt like i was stealing something valuable...you know, i bet most of us -those who had become paid subs (and the free riders) would have paid exactly the same for 1/2 the frequency if that will get to rightfully offer paid subscrips again....
Fantastic work as always! That private equity meme had me rolling on the floor. That whole industry is such a farce. A compensation scheme masquerading as an asset class.
Yes!! It was when Fink recently made the declaration that “….It’s time that Main Street investors got the chance to participate in Private Equity and Private Credit…”
Ever the generous and caring soul, Good Old Larry, proverbially, rang the bell that made me know for sure that PE & PC are drinking heavily and dancing together on the lip of an active Volcano.
Time to be fearful; very fearful. Breakout in gold and silver a confirming signal? In Alberta, Canada the provincial government is a shill for private equity; probably most levels of government are to various degrees.
Juncker still has an office in the same building as Von der Leyen; https://archive.is/I8GrY
Wow Rudy!!!
This is such a rich & dense tapestry of the s—show that we are watching.
Great Work!
Thanks
Solid effort Rudy. Nice finish meme! Have a great long weekend... buy more silver.
Every time I see a picture of Tom Lee, I feel like I'm seeing Bill Hwang (who drove Archegos into the ground and cost his prime lenders billions) with a little Grecian Formula to cover the gray.
https://www.wealthmanagement.com/ria-news/bill-hwang-sentenced-to-18-years-in-prison-for-archegos-crimes
This was great. But I'm a bit worried my 2% net worth Solfart allocation was misguided now.
You’ll probably make 10x your money.
Based on the photo, he looks like a trustworthy steward of my capital.
Juncker’s statement was eye-opening at the time. It has since become apparent that our elected officials have only one goal: get reelected. Do whatever you have to do, no matter how damaging in the long term, to keep the gravy train rolling
"It’s critically important to keep your financial institution appraised of things like, change in jobs and income brackets, because the decisions they make are based entirely on what YOU tell them, or in this case don’t tell them."
If only there was another way to hold money.
Thank you as always. All folks have to do is take a little look around to see what is really happening in housing but so many just don't have the time.
Keep up the solid work Melody. You are one of the best guests on Thoughtful Money and Coffee and a Mike! Never miss an episode. Cheers
Thank you so much for watching and the kind words. :)
TBTF. Too Blind/Blonde/Bland To Function …
… On their own behalf. But are functional on the behalf shell of the world-is-our-oyster-eaters.
Understanding, as the broken chain connecting drive & driven sprockets, is misdiagnosis.
The sprockets that have been selected for grooming & “education” are missing too many teeth.
But this is not just lately. It is always. There have been no ‘good old days’ when this wasn’t reality.
The wo/m/engine produces sound & fury signifying nothing save sound & fury.
These are incapable of storming anything.
Except themselves, each other, at behest of “their” low & high pressure generator-generals.
“I have often laughed at the weaklings who thought themselves good because they had no claws” ~ a famous German from before the mass/elf-imposed reversal to Manger spooled up to spun out
Or striplings who think themselves good because they have no teeth.
***
I met a new neighbor once who proceeded to tell be about the two 4000+ square foot houses he’d “had” & that were to be the basis of his retirement. ’08 hooked those houses. Hooked his “good credit rating,” too. So he walked planks & jumped thru hoops for years until he was deemed to again be worthy to be allowed to get another mortgage … on a small starter house.
“Res r/e has been good to my family,” someone else told me.
Generally Accepted Accounting Principles of Greater Fools is no theory.
And tulip bulbs were good to some of those flower-power families, too.
So are lottery tickets.
But easy money goods regularly begets bads worse than before “the wins.”
Re(al estate)ligion.
Carlin: It’s called the American Dream because you have to be asleep to believe it.
This is just fire - great work. Especially the Powell quote and summary. Sadly Hilarious
Keep it up
Rudy,,, this is another one for my archives. i felt guilty by the time i finished because i felt like i was stealing something valuable...you know, i bet most of us -those who had become paid subs (and the free riders) would have paid exactly the same for 1/2 the frequency if that will get to rightfully offer paid subscrips again....
Fantastic work as always! That private equity meme had me rolling on the floor. That whole industry is such a farce. A compensation scheme masquerading as an asset class.
Yes!! It was when Fink recently made the declaration that “….It’s time that Main Street investors got the chance to participate in Private Equity and Private Credit…”
Ever the generous and caring soul, Good Old Larry, proverbially, rang the bell that made me know for sure that PE & PC are drinking heavily and dancing together on the lip of an active Volcano.
Tick, Tick, Tick….
Lot of dark colour. Sadest part, it's so close to reality.
So buckle up, if you haven't already
Thank you for this post, lots of gems in here.
If you have a USDC address I cud pledge there