Money & Economics

[bigredfish]

Yeah it’s cheaper to insure a 73 Pinto

Seriously I think insurance rates across the board may start easing if for no reason other than the peasants have reached their limit

 

[mat200]

Yeah it’s cheaper to insure a 73 Pinto

Seriously I think insurance rates across the board may start easing if fir no reason other than the peasants have reached their limit

I don't know .. costs are up for car repairs, parts and labor way up. Oil is the only thing I see cheaper.

 

[David L]

Yeah it’s cheaper to insure a 73 Pinto

Seriously I think insurance rates across the board may start easing if fir no reason other than the peasants have reached their limit

Hey whatcha sayin', I had a 77' Pinto Station Wagon in my Youth, LOL

At the time I thought it was 70's Kewl, haha...we would pile my friends in the back, they sat crossways stretched out with me and friend up front. Think we got 6 in it...haha...Wanted a van but this was all I could afford.



Yep is was a standard tranny:



Sold this to a friend and bought a LeMans...

 

[bigredfish]

LOL you were one of the cool kids!

My first (early 70s) was a 1964 push button Dodge Dart (225 slant 6) I think I paid $500 for. There was a lot of Bondo and duct tape holding the right rear fender together. I don’t have any pics but here’s what she looked like.

 

[David L]

LOL you were one of the cool kids!

My first (early 70s) was a 1964 push button Dodge Dart (225 slant 6) I think I paid $500 for. There was a lot of Bondo and duct tape holding the right rear fender together. I don’t have any pics but here’s what she looked like.

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A friend of mine back then had a 4-door Rambler, lol, funny story but he did not clamp down his battery so we took a corner too fast then noticed smoke coming out of his hood, pulled over to find his engine on fire, ran to neighbors house to grab their hose.
What had happened is the battery tipped over against the steel fuel line, no hoses that I remember back then, well the battery post made a hole which started a fire...thinking about it the fuel line may of been aluminum...either way, lesson learned...haha

 

[bigredfish]

 

[bigredfish]

Hmmmm must be very bad

 

[bigredfish]

 

[bigredfish]

Wait, wut?

 

[bigredfish]

How's that work exactly?....

 

[bigredfish]

Meeting with my broker/banker today.

I was already leaning towards reallocating, now I'm sure of it
========

Why I Think Michael Burry Is Shutting Down Scion Now

Let’s put a few things together…Burry’s liquidation letter, his depreciation thread on the hyperscalers, and his “me then, me now” Big Short meme and he’s basically spelling out one story.He thinks we’re in an earnings inflated, AI driven bubble that a value investor can’t sit inside without eventually getting crushed.

In the letter he says it plainly “My estimation of value in securities is not now, and has not been for some time, in sync with the markets.” That’s not a I’m tired of running money line. That’s a man saying, I can’t reconcile what I see in the numbers with the prices the market is willing to pay. When someone like Burry reaches that point, the logical move isn’t to keep collecting fees and hope it mean reverts. It’s to get out of the structure that forces you to play the game at all.

 

[David L]

Meeting with my broker/banker today.

I was already leaning towards reallocating, now I'm sure of it
========

Why I Think Michael Burry Is Shutting Down Scion Now

Let’s put a few things together…Burry’s liquidation letter, his depreciation thread on the hyperscalers, and his “me then, me now” Big Short meme and he’s basically spelling out one story.He thinks we’re in an earnings inflated, AI driven bubble that a value investor can’t sit inside without eventually getting crushed.

In the letter he says it plainly “My estimation of value in securities is not now, and has not been for some time, in sync with the markets.” That’s not a I’m tired of running money line. That’s a man saying, I can’t reconcile what I see in the numbers with the prices the market is willing to pay. When someone like Burry reaches that point, the logical move isn’t to keep collecting fees and hope it mean reverts. It’s to get out of the structure that forces you to play the game at all.

We are meeting with ours Monday...curious what our Agent has to say with all that is going on now...

 

[bigredfish]

Something like Buy $NVDA

I’m not making any major moves, I don’t have many to make! Already 90% in fixed income 4-5% and will wait on the sidelines with Warren and Burry

 

[bigredfish]

Now…

 

[David L]

Something like Buy $NVDA

I’m not making any major moves, I don’t have many to make! Already 90% in fixed income 4-5% and will wait on the sidelines with Warren and Burry

Don't forget Pelosi, she did better than both, haha

 

[David L]

Now…





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This is funny in many ways since the Stock Market people are saying, WTF, now what numbers are we going to gamble everyone's money by?

Ok enough with the emojis, haha, actually I could of used everyone of them, they all fit with this...

 

[bigredfish]

It just keeps getting better…

 

[David L]

It just keeps getting better…

That crash was also the loans were sold/played with on the Stock Markets...I remember the loans were approved even without Social Security numbers...pretty much all you had to do was show up to get a loan...well close to that Hopefully they are not going to be that stupid again....

 

[bigredfish]

Hmmmm

 

[bigredfish]

It’s just really really hard to find a good economic report.
My gut says they will find ways to keep the balls in the air for 2-3 more years as Supreme Leader will do anything necessary to keep his legacy intact.
At what cost who knows?

But at some point there is going to have to be some good report somewhere…