This was a famous piece written in the heat of covid, saying that while NYC has aways come back from big problems....this time NYC would not come back, primarily because of better internet bandwith.
Well...it's true that office vacancy is not getting a whole lot better and office buildings are sucking wind. But the city is thriving in other ways and is find new ways to serve its citizens.
Bottom line is that lots of people really enjoy living packed in with other people and NYC lets you do that in an exciting way. And it's flexible enough to change all the time. NYC did come back, like it always does.
OK, so show your commitment to the “asset class,” buy Luigi and Fart coins.
I don't invest in sh!tcoins / memecoins (the only exception being Dogecoin). BTC, ETH, XRP, and then just Dogecoin. Picking tiny market cap sh!tcoins is a great way to lose 90% of your money except if you're the developer.
OK, so show your commitment to the “asset class,” buy Luigi and Fart coins.
I don't invest in sh!tcoins / memecoins (the only exception being Dogecoin). BTC, ETH, XRP, and then just Dogecoin. Picking tiny market cap sh!tcoins is a great way to lose 90% of your money except if you're the developer.
The concept of buying an algorithm as a store of value seems bizarre to me. The entire construct is a shltcoin to me. Then you have the President elect and his people pushing crypto along with selling various Trump memorabilia. So strange.
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will be very interesting to see how the market handles the weeks after the inauguration.
trump is promising some serious shock and awe...will the markets just shrug and say 'eh who cares doesn't affect me'?
Markets don't like surprises but they're going to get a whole lot of them starting in around 6 weeks.
Maybe just buy the VIX, betting on volatility?
Agreed that volatility will be high.
But as I've though since November 5th, Trump-friendly industries / companies will do well - crypto, Tesla, etc. Truth Social hasn't increased close to as much as I thought it would, but I think that could change if the Saudis or another oil-rich petrostate want something from Trump and would invest a lot in it to get closer to him. He also doesn't seem to care as much about the optics of ethics as in the first term so he won't care about any apparent conflict of interest.
Ironically not guns (Ruger is one of the only publicly traded ones) as the fear of a Democrat banning guns drives sales a ton, compared to the lesser demand under a Republican since no bans are basically ever feared
will be very interesting to see how the market handles the weeks after the inauguration.
trump is promising some serious shock and awe...will the markets just shrug and say 'eh who cares doesn't affect me'?
Markets don't like surprises but they're going to get a whole lot of them starting in around 6 weeks.
Maybe just buy the VIX, betting on volatility?
Agreed that volatility will be high.
But as I've though since November 5th, Trump-friendly industries / companies will do well - crypto, Tesla, etc. Truth Social hasn't increased close to as much as I thought it would, but I think that could change if the Saudis or another oil-rich petrostate want something from Trump and would invest a lot in it to get closer to him. He also doesn't seem to care as much about the optics of ethics as in the first term so he won't care about any apparent conflict of interest.
Ironically not guns (Ruger is one of the only publicly traded ones) as the fear of a Democrat banning guns drives sales a ton, compared to the lesser demand under a Republican since no bans are basically ever feared
Seems crazy to me, but little makes sense anymore. Crypto, and AI are sucking money out of other essential businesses.
will be very interesting to see how the market handles the weeks after the inauguration.
trump is promising some serious shock and awe...will the markets just shrug and say 'eh who cares doesn't affect me'?
Markets don't like surprises but they're going to get a whole lot of them starting in around 6 weeks.
Maybe just buy the VIX, betting on volatility?
Agreed that volatility will be high.
But as I've though since November 5th, Trump-friendly industries / companies will do well - crypto, Tesla, etc. Truth Social hasn't increased close to as much as I thought it would, but I think that could change if the Saudis or another oil-rich petrostate want something from Trump and would invest a lot in it to get closer to him. He also doesn't seem to care as much about the optics of ethics as in the first term so he won't care about any apparent conflict of interest.
Ironically not guns (Ruger is one of the only publicly traded ones) as the fear of a Democrat banning guns drives sales a ton, compared to the lesser demand under a Republican since no bans are basically ever feared
TSLA needs to gain 7% more to be worth more than all other automakers worldwide combined.
TSLA has about 2% market share worldwide with shrinking revenue and profits.
Post See new posts Conversation Carl Quintanilla @carlquintanilla Powell was “unambiguously bullish” for stocks .. “Furthermore, stronger-than-expected economic news is likely in coming weeks. “.. we are sticking with our Roaring 2020s base-case .. targeting the $SPX at 5800 by the end of this year, 6300 by the end of next year ..”
in 2019,roy dalio, age 70, succumbed to oldman-ness and said the world has gone mad and that a reckoning was imminent.
Nah, it's just been more of the same really. One of the hardest tasks for older people is to look at the world as it is, recognize that it's not the same world they came to understand in their 40s, and say 'that's ok.' Instead of saying 'the world has gone mad.'
I say these things because: Money is free for those who are creditworthy because the investors who are giving it to them are willing to get back less than they give. More specifically investors lending to those who are credit...
written from the peak of inflation and plunging stock markets all of two point five years ago, august 2022.
pessimistic piece on whether the fed could bring in the soft landing we are in. Or more accurately, the NO landing we are in. The economy did not slow to relieve inflation...the economy is roaring and inflation has come down.
Worth reading the piece and esp the comments, nearly 100% of which are pessimistic.
Being optimistic is a sure way to make a person feel stupid.
The ringing of the bell in the morning signals the opening of the day’s trading — an honor bestowed in the past on celebrities and US presidents alike.
I still don't feel like the economy is good, and I think a crash will be imminent. How much though is the question: will it be 2-3 quarters of GDP declining by a bit (a technical recession), or will it rival 2008?
Biden wasn't fully lying when he stated the US is doing "well", when you compare the US to other developed countries. But the economy is in a FAR more precarious position than 2018-9 (not counting the development of covid) and feels like a house of cards. It's just that other developed countries are doing even worse
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I still don't feel like the economy is good, and I think a crash will be imminent. How much though is the question: will it be 2-3 quarters of GDP declining by a bit (a technical recession), or will it rival 2008?
Biden wasn't fully lying when he stated the US is doing "well", when you compare the US to other developed countries. But the economy is in a FAR more precarious position than 2018-9 (not counting the development of covid) and feels like a house of cards. It's just that other developed countries are doing even worse
fvck, please go on. What are the pieces of the economy that bring you to feel that?
if we are in a FAR more precarious position now, you should be able to list many bullet points detailing this out for us! And not just say it 'feels' precarious or that it doesnt' 'feel' like the economy is good.
thanks fvck!
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fvck, please go on. What are the pieces of the economy that bring you to feel that?
if we are in a FAR more precarious position now, you should be able to list many bullet points detailing this out for us! And not just say it 'feels' precarious or that it doesnt' 'feel' like the economy is good.
thanks fvck!
It's mainly just a feeling. But it's based off of global instability, skyrocketing US debt, and constantly reading pessimistic articles about the economy (even NYT admits it feels incredibly bad). I didn't see any pessimistic articles in 2018/19. Now I do and I think there's a reason for them...
fvck, please go on. What are the pieces of the economy that bring you to feel that?
if we are in a FAR more precarious position now, you should be able to list many bullet points detailing this out for us! And not just say it 'feels' precarious or that it doesnt' 'feel' like the economy is good.
thanks fvck!
It's mainly just a feeling. But it's based off of global instability, skyrocketing US debt, and constantly reading pessimistic articles about the economy (even NYT admits it feels incredibly bad). I didn't see any pessimistic articles in 2018/19. Now I do and I think there's a reason for them...
ok, points for honesty that you are going on feelings. And what the media tells you to think.
there's a famous study that found that the more financial press you read, the worse an investor you are. Because you get very scared by all the pessimism.
Maybe I'll go back to my 2019 saved predictions and post some, to show you that indeed there were AND ALWAYS ARE a ton of scary pessimistic articles. Because being pessimistic makes you feel and appear smart.
Remember, capitalism/investing is the triumph of optimism. While it's easy to be pessimistic, while it seems everything 'should' spin apart, it rarely does. The invisible hand is a mighty tool that we have unleashed to provide astonishing wealth and mostly keep things in line.
When you are 50 or 60 and have lived through more history you'll understand the cycles of history better. Right now we live in a freaking economic nirvana. Political nightmare, but economic nirvana.
except for the debt. That's not good.
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