That Copernicus fellow was pretty sharp. And RFK hasn’t even started on the sterility of the soil issue yet. Gibbons should be creatures reading in Business School
Thanks for this thought! I just disabled spellcheck, would rather have obviously mangled word here and there than nonsensical substitutes. Now if I can just improve my proofreading....
That cute little Zillow ad for the property in SanJoJo reminded me of rural Missourah in the late '90s, before la gente started scaling up production south of the Rio Grande: before renting or buying, it was prudent to check the property with the DEA website listing "known clandestine labs." At one point, hotels/motels in the area wouldn't rent to locals, because so many were staying a few days to make meth in the bathtubs (mobile/shake n bake production methodology, I assume).
I was just wondering, has Ray Dalio ever issued a mea culpa for saying "cash is trash" in 2021 at precisely the the time in the cycle when investors should've been going into cash?
Jeez I never realised that losing money on my investment is a win because I have no tax to pay on gains 🙄.
And the more I read, the more I am convinced that everything awful thing that’s happened or happening, (other than bad weather and other acts of God) is happening precisely because those able to make them happen, do. Trash the determinist theory - the bible itself shows we have free will. There’s a reason we have the 10 deadly sins too. We have been warned.
"The only thing that is missing today is a lack of financing," said Nathan Berman, a founding principal of Metro Loft, a go-to firm for New York City office-to-residential conversions that helped transform lower Manhattan in the past 20 years...But Berman told MarketWatch that financing has all but stalled for conversions. "It's really interest rates that are killing everything."
It's going to take a full cycle before most people understand the very real damage that artificial rates do to an economy. Since a full cycle might take 60 years, we'll never learn...
"If we didn't have a budget deficit we'd have zero growth." - Jeff Gundlach - This is why you can never call a top...the PTB aren't constrained by this.
"You don't really see any sign of a recession here," Yellen told Bloomberg. "What we have looks like a soft landing with very good outcomes for the U.S. economy, so I think there's a lot to be pleased about."
We’ve done quite a bit of work trying to identify some of the funding questions surrounding Bear Stearns, Countrywide, and some of the commercial paper programs. There is some strain, but so far it looks as though nothing is really imminent in those areas.”
- Bill Dudley, NY FED President
“Given the fundamental factors in place that should support the demand for housing, we believe the effect of the troubles in the subprime sector on the broader housing market will likely be limited
I didn’t attend an Ivy League school but I’m wondering if there’s a course on gaslighting required to graduate. My run of the mill university didn’t offer it.
Owing to the very high respect I have for you, Rudy, I wish to bring to your attention the possibility that we could change the world with a consonant. Instead of calling them "elites" we call them "effetes." We take the meaning of effete to be "no longer capable of effective action." I think doing so would address a major linguistic error.
Let's test it out. "Janet Yellen is not actually elite, she is effete. Her era of effective actions is long past."
idk why, but calling people like her "elites" is really bothersome
That Copernicus fellow was pretty sharp. And RFK hasn’t even started on the sterility of the soil issue yet. Gibbons should be creatures reading in Business School
“Creatures” means “required”. Spellcheck AI is a 50/50 shot.
This is why i don’t bother with spell check!
Thanks for this thought! I just disabled spellcheck, would rather have obviously mangled word here and there than nonsensical substitutes. Now if I can just improve my proofreading....
That cute little Zillow ad for the property in SanJoJo reminded me of rural Missourah in the late '90s, before la gente started scaling up production south of the Rio Grande: before renting or buying, it was prudent to check the property with the DEA website listing "known clandestine labs." At one point, hotels/motels in the area wouldn't rent to locals, because so many were staying a few days to make meth in the bathtubs (mobile/shake n bake production methodology, I assume).
I was just wondering, has Ray Dalio ever issued a mea culpa for saying "cash is trash" in 2021 at precisely the the time in the cycle when investors should've been going into cash?
Not that I know of.
Jeez I never realised that losing money on my investment is a win because I have no tax to pay on gains 🙄.
And the more I read, the more I am convinced that everything awful thing that’s happened or happening, (other than bad weather and other acts of God) is happening precisely because those able to make them happen, do. Trash the determinist theory - the bible itself shows we have free will. There’s a reason we have the 10 deadly sins too. We have been warned.
From the office-conversion link:
"The only thing that is missing today is a lack of financing," said Nathan Berman, a founding principal of Metro Loft, a go-to firm for New York City office-to-residential conversions that helped transform lower Manhattan in the past 20 years...But Berman told MarketWatch that financing has all but stalled for conversions. "It's really interest rates that are killing everything."
It's going to take a full cycle before most people understand the very real damage that artificial rates do to an economy. Since a full cycle might take 60 years, we'll never learn...
"If we didn't have a budget deficit we'd have zero growth." - Jeff Gundlach - This is why you can never call a top...the PTB aren't constrained by this.
"You don't really see any sign of a recession here," Yellen told Bloomberg. "What we have looks like a soft landing with very good outcomes for the U.S. economy, so I think there's a lot to be pleased about."
We’ve done quite a bit of work trying to identify some of the funding questions surrounding Bear Stearns, Countrywide, and some of the commercial paper programs. There is some strain, but so far it looks as though nothing is really imminent in those areas.”
- Bill Dudley, NY FED President
“Given the fundamental factors in place that should support the demand for housing, we believe the effect of the troubles in the subprime sector on the broader housing market will likely be limited
I believe the mortgage crisis is contained”
- Ben Bernanke, FED Chairman
What is it with these eggheads?
I didn’t attend an Ivy League school but I’m wondering if there’s a course on gaslighting required to graduate. My run of the mill university didn’t offer it.
Owing to the very high respect I have for you, Rudy, I wish to bring to your attention the possibility that we could change the world with a consonant. Instead of calling them "elites" we call them "effetes." We take the meaning of effete to be "no longer capable of effective action." I think doing so would address a major linguistic error.
Let's test it out. "Janet Yellen is not actually elite, she is effete. Her era of effective actions is long past."
idk why, but calling people like her "elites" is really bothersome
That meth house looks like a good buy.
There might be a crack in your theory. lol jk 😁
It may be a good buy. I didn't check the neighborhood. No idea what meth remediation costs. Probably would want to tear it down.