From Bloomberg:
Shallow Recession Calls Are ‘Totally Delusional,’ Roubini Warns
Economist Nouriel Roubini said the US is facing a deep recession as interest rates rise and the economy is burdened by high debt loads, calling those expecting a shallow downturn “delusional.”
“There are many reasons why we are going to have a severe recession and a severe debt and financial crisis,” the chairman and chief executive officer of Roubini Macro Associates said on Bloomberg TV Monday. “The idea that this is going to be short and shallow is totally delusional.”
Among the reasons Roubini cited was historically high debt ratios in the wake of the pandemic. He specifically mentioned the burden for advanced economies, which he said continues to rise, as well as in some sub-sectors.
That differs from the 1970s, he said, when the debt ratio was low despite the combination of stagnant growth and high inflation known as stagflation. But the nation’s debt has ballooned since the financial crisis of 2008, which was followed by low inflation or deflation due to a credit crunch and demand shock, he added.
“This time, we have stagflationary negative aggregate supply shocks and debt ratios that are historically high,” said Roubini, who is nicknamed Dr. Doom for some of his dire predictions. “In previous recessions, like the last two, we had massive monetary and fiscal easing. This time around we are going into a recession by tightening monetary policy. We have no fiscal space.”
The state is willing to chip in up to $4,000 for vehicles under $45,000 and, and up to $2,000 for vehicles priced between $45,000 and $50,000, Murphy’s office said.
I’d be tempted to jump on the offer, but there isn’t really anything available under $45k right now.
$45k cuts out the Ioniq, VW id4, as only the lowest trim level falls into the 4k range. Don’t even think you could shoehorn in the Kia EV6.
Only applies to the older gen lines like the Chevy Bolt (ew), Leaf, etc. Why bother?
Foist!
Can’t believe I’m saying this, because I’m usually laughing at this guy. This time he is absolutely correct. Soft landing is a dream at this point..
He nails it with what is different this time…massive debt. Supply chains f’ed everything up. If you inject low rates and expand monetary supply, it won’t help right now because of the supply chain issues. It will continue to create inflationary distortions till the supply chains are fixed and able to handle increased demand. So what happens when you raise rates with high debt? You are f’ed…pain is coming. The debt load already can’t handle current rates. Economy has no where to go but to deflate.
Supply chain crisis has companies cutting product lines to be able to consolidate parts and materials into a far fewer number of products. Less products, less manufacturing lines, less overhead, less cost, less advertising. Talked to one guy yesterday who basically said “we’re going all in on only a handful of our core products, and cutting out everything else.”
Chevrolet Equinox EV built on the Ultium Platform for $30,000 is still a year away. I will believe the $30K starting price when I see it on a dealer lot.
Good morning. The debate over inflation often treats it as a uniquely American problem. It’s not.
Worldwide problems
Inflation has dominated the news about America’s economy in recent months as prices for food, gas and other goods have increased faster than they have in four decades.
But inflation is a global phenomenon right now — and the U.S. has actually fared better than other countries in recent months. In June, consumer prices in the U.S. increased 9.1 percent over the previous year; they increased 9.6 percent across the E.U. in the same time period.
Much of the public discussion about inflation in the U.S. has focused on domestic problems, particularly President Biden’s policies. Critics argue that the American Rescue Plan, the pandemic relief bill that Biden signed into law 16 months ago, has supercharged consumer demand by sending $1.9 trillion to Americans, state governments and other programs. As higher demand has chased limited supplies of goods, prices have soared.
The law has certainly played a role in increased inflation, economists say. But the global trends suggest that focusing solely on the U.S.’s role misses a big part of the story — how external forces have driven up prices, too.
In today’s newsletter, I want to look at the main causes of inflation and why they might be difficult to fix.
Common causes
The big factors that drove up inflation in the U.S. also affected the rest of the world: the disruption of supply chains by both the pandemic and Russia’s invasion of Ukraine, and soaring consumer demand for goods.
But increasing inflation has played out differently in different countries, said Jason Furman, an economist at Harvard University. The U.S.’s earlier, bigger price spike had different causes than Europe’s more recent increase. (Countries differ in how they calculate price changes, but economists still find comparisons of the available data useful.)
In the U.S., demand has played a bigger role in inflation than it has elsewhere. That is likely a result of not just the American Rescue Plan but also economic relief measures enacted by Donald Trump. Altogether, the U.S. spent more to prevent economic catastrophe during the pandemic than most of the world did. That led to a stronger recovery, but also to greater inflation.
In Europe, supply has played a bigger role. The five-month-old war in Ukraine was a more direct shock to Europe than it was to the rest of the world, because it pushed the continent to try to end its reliance on Russian oil and gas. That prompted Europe’s recent jump in inflation.
“The U.S. is trying to cool down an overheating economy,” my colleague Eshe Nelson, who covers economics from London, told me. “That is just not the situation in Europe.”
What to do
Some of the causes of inflation are in policymakers’ control. Governments can reduce their own spending to reduce demand. Central banks can raise interest rates to increase the cost of borrowing money and, as a result, push down demand — as they have started to do in the U.S. and Europe. In the longer term, investments into, say, clean energy and housing can limit the impact of future supply crunches.
But other causes are outside policymakers’ control. The European Central Bank, which sets policy for 19 of 27 E.U. countries, has acknowledged it can only do so much to fight inflation caused by Russia’s invasion of Ukraine. “The war is obviously something no central bank can do anything about,” Eshe said.
The same is largely true for the trajectory of the pandemic, which now mainly depends on the evolution of new variants.
All of that puts policymakers in a bind: They can address part of the inflation problem, but not all of it. That will limit how much policy can bring down price increases in the coming months.
I’ve said it over and over, this inflation is sourced in broken supply chains. Like I said a few weeks ago, I get so angry when I hear idiots say it’s from Fed printing money. F’ing idiots. Have no idea what they are talking about. Glad people are waking up to the idea that it is the broken supply chains. Never ever shut down the economy again. You broke the supply chains.
All depends on their new Ultium Cells plants getting up to speed there are three of them in various states of construction and operation. Biden Admin just gave them a 2.5 Billon dollar loan..first of it’s kind loan exclusively for a battery cell manufacturing in the USA.
https://www.freep.com/story/money/cars/general-motors/2022/07/25/general-motors-lg-energy-solution-government-loan-electric-vehicles/10145718002/
The base model Ford F-150 Lightning meets the criteria at $39k sticker.
Good luck with that.
Nevermind, the $39k is after the $7.5k federal incentive.
Either way, good luck finding one that isn’t closer to $100k.
Capitalism.
Don’t complain if its what you believe in.
“Nevermind, the $39k is after the $7.5k federal incentive.
Either way, good luck finding one that isn’t closer to $100k.”
Boomer knows better.
Democratic Wisconsin Senate Minority Leader Janet Bewley, 70, is involved in car accident that killed mother, 27, and five-year-old daughter – just ONE DAY after undergoing cataract eye surgery.
https://www.dailymail.co.uk/news/article-11048629/Wisconsin-lawmaker-Janet-Bewley-70-involved-car-accident-kills-mother-young-daughter.html
America has plenty of money, gave over 40 Billion to Ukraine.
Could have been used to help Americans afford cars. Or houses.
Or build infrastructure here. I like when the government takes my hard earned NON WFH tax dollars and gives it to anyone other than my fellow Americans who need it.
Makes me want to fly the flag with pride.
Phoenix: Many who claim to be strong and proud capitalists are only that way when things are going there way, but when it goes south they scream for the Fed, and the governor to come in and bail them out.
https://leasehackr.com/blog/2022/7/17/2022-chevrolet-bolt-ev-and-euv-lease-and-finance-deals
To match the price reductions of the upcoming 2023 model year Bolt EV and EUV, Chevrolet is now offering a $5,900 and $6,300 customer cash incentive on the 2022 Bolt EV hatchback and 2022 Bolt EUV subcompact SUV, respectively.
3b
Correct. The dealer has leverage, the buyer does not. F you, pay me.
Then later, it’s the criminal with the gun who has leverage, give me the car or off you go to visit the “God” of your choice.
Leverage. Great word.
Nomad,
The dealer will just jack up the price or slap a 4k premium and take that money.
Cause they can. Capitalism.
It’s the same when the gov gives a 500 dollar incentive for homeowners to install a more efficient air conditioner. The price suddenly goes up by 500 dollars.
It’s the American way.
I am not that familiar with the whole electric car vs fossil fuel and green energy. But, from what I do understand, 80 percent of electricity is created by the use of fossil fuels. How is the country going to produce more electric if people switch to electric cars ? And I understand our current national electric grid system won’t be able to handle a massive increase in the use of electric cars. It makes no sense.
3b,
It won’t happen in a perfectly synchronized fashion where charging stations, home infrastructure etc develops in sync with consumer adoption so starts and stops. Sill need breakthrough battery tech, higher energy density and faster charging speeds. At some point, in my opinion, nuclear energy has to be part of the equation. In Canada, if you are doing new construction or major renovations, I am told you need to hardwire for EV charger.
Some interesting commentary about S curve adoption pertaining to retail gas station store count and prices and point when ICE owners caught between rock / hardplace paying a lot more for gas.
The world’s pool of negative-yielding debt has shrunk to a roughly seven-year low, as an era of exceptionally loose monetary policy draws to a close in most major economies.
The total stock of negative-yielding debt last week stood at $2.4 trillion, according to a Bloomberg Barclays index, an 87% plunge from the $18.4 trillion peak reached in December 2020.
Investors’ willingness to buy debt that guaranteed a loss if held to maturity was one of the most unusual quirks in financial markets of the last decade. The stockpile of such debt began to swell in the mid-2010s, as the European Central Bank, the Bank of Japan and others went negative to counter too-low inflation.
It then exploded early in the Covid-19 pandemic, as global central banks sought to prop up economies by slashing rates and buying large quantities of bonds.
Now, policy makers are grappling with prices rising at their fastest levels in decades. The ECB last week became the latest major central bank to respond, raising its key rate by a half-percentage point to zero. Japan is the biggest holdout, and the largest source of the world’s remaining negative-yielding debt.
Changing what the economy runs on is always painful. Adoption is always painful till it’s brought to scale, and then the holdouts are forced to adopt as their means loses its price advantage as it loses its ability to scale.
“Some interesting commentary about S curve adoption pertaining to retail gas station store count and prices and point when ICE owners caught between rock / hardplace paying a lot more for gas.”
Capitalism is letting me buy direct from Ford and not forcing me to buy through a government mandated intermediary.
That adds zero value mind you.
Nomad: I understand that, but I would think it should happen in a more organized fashion , as in having the proper infrastructure in place, before making the switch.
When I was young, loved the sound and power of the 2 stroke. Then 4 strokes replaced them. I will prob feel the same way with cars. I love the sound of a car engine…going to hold on for as long as I can. I know it’s only a matter of time before it’s a luxury and becomes very expensive to maintain and fuel. Going to be hard to find mechanics and the ones available will charge an arm and a leg.
So my lighting order was bumped to 2023, I orginal ordered a lariat extended range because that was all that was left. On the reorder if available I will probable pick the pro or xlt.
Is that 100 K direct from Ford?
“In the U.S., demand has played a bigger role in inflation than it has elsewhere. That is likely a result of not just the American Rescue Plan but also economic relief measures enacted by Donald Trump. Altogether, the U.S. spent more to prevent economic catastrophe during the pandemic than most of the world did. That led to a stronger recovery, but also to greater inflation.”
The dolt doesn’t even read what he posts.
LIB, i thought you are smarter than this.
Had the supply chain not been broken, it would have ramped up production instead of price, and grew the economy. Instead, there were limited goods available which had nowhere else to go, but up in price in the face of demand. It’s only a matter of time before this truth enters the mind of the mainstream.
Prove me wrong if I’m a dolt…we had negative rates in the world for god sake and no inflation. Then all of a sudden when supply chains break (aka globalization breaks) we have high inflation. Coincidence? I think not…says the dolt. Now prove me wrong asshole.
Besides the fossil fuel to make electricity issue, lack of grid capacity, problems with battery disposal and still disgusting heavy metal mining practices; charging time will continue to be an issue. I don’t know about you all, but say, when I want to road trip to the Outer Banks, which we have done twice already and may do again at the end of the Summer. The mean range of an EV is about 230 miles. Add the air conditioning, traffic and a fully packed car and you are probably feeling anxiety at 200. So you’re normal 8 hour ride becomes 10 with two charging stops. And that’s if there are charging stations conveniently located near the 200 and 400 mile mark. This is pure lunacy. And for what? You are not saving the environment much.
There are simply too many unworked out issues too. EVs theoretically should be less maintenance, but they are not. Tires are a bloody fortune. Major crashes are much more toxic, climate issues with batteries, and quite honestly, a huge shortage in the number of people who can fix them (making repairs prohibitively more expensive). And still, huge tax incentives needed to make these things sell.
If you want to pay a lot to accelerate quietly quickly. Then, more power to you. For the next 5 to 10 years, you are kidding yourselves if you think you are doing anything else. Though occasionally, as was the case with solar for a while, government incentives and tax breaks may level the playing field slightly.
And if you think gas isn’t going to get dirt cheap due to lack of demand? You are sniffing battery acid.
For now, these EVs are still mostly about virtue signaling. If you want to make believe you are sacrificing so the future EV technologies will improve sooner? Go for it.
But don’t tell me you are saving the planet.
The supply chain issues were caused by so much demand being brought forward by way too much stimulus. Why had we not had supply chain issues in the past? The lockdowns were for like three months. That will not cause supply chain issues that last three years. In a normal world, competition enters the market to make up for the lacking supply. But in supply issues due to dumbass government stimulus, no one dare try to compete since what caused the demand is no longer there.
GOVERNMENTS NEED TO STOP MANIPULATING MARKETS! They are rarely successful and their unintended consequences usually outweigh any of their intended gains.
Lib: Well said; as always.
So you’re normal 8 hour ride becomes 10 with two charging stops.
No way it’s only two hours added. Maybe if you are talking Tesla, and there were perfectly placed supercharger stations.
Not every car has fast charge capabilities, and if it does, it requires specific chargers.
Not every car has fast charge capabilities, and if it does, it requires specific chargers.
How dare we not standardize the chargers like Europe. Cars and phones.
Lib, wouldn’t be getting it to save the planet. $18 to fill-up over night at home when the grid is not taxed vs $80 at a gas station. Currently driving over 300 miles a week to and from work. Wife still has the gasser.
Lib, they couldn’t restart the supply chains after shutting them down. You had single pieces of the product holding back the entire product line. It was domino effects. Esp with energy.
Why are the supply chains still broken if what you say is true? Why can’t they ramp up oil production after it going to negative price from shutting down the economy…it went to negative price for god’s sake. You think it’s easy to just turn that switch back on? Well that’s what they thought, that the supply chain could be turned off and then turned back on. As we have learned, it doesn’t work like that.
You still have not provided enough evidence to change my mind that monetary supply is the source of this inflation. All I see is the supply chain broken and disabled, unable to feed demand as the source.
Did stimulus play a role, sure. Is it the source, hell no. Had they not provided stimulus, you still would be dealing with the same bs. A broken supply chain. Maybe the inflation would not have happened at the same pace, but it still would have happened.
I was away for the weekend; Poconos visit for the race. The weather was hot but not unbearable. A fun weekend overall. Up there, like here, is struggling to find workers for hotels, restaurants, bars, etc. I booked the hotel too late, even months ago and had to settle for a rather dive hotel that I’m sure was awesome in the 70s. Unfortunately, the place is still stuck in the 70s. But, the shower worked, the bed was clean and firm, mission accomplished.
I see that inflation and recession are the main topics of discussion. Rightfully so. And 3b raised the question above that keeps getting asked but no one is answering: 1) How do we generate all this electric for the onslaught of electric vehicles and 2) How is the grid going to handle it? I also want to know what your electric bill is going to look like to charge the device and how is making these batteries any more eco-friendly than using fossil fuels along with the manufacturing fallout? Finally, why are we not using nuclear energy to generate energy?
A big problem with nuclear, which I support, though we need to find a graveyard for spent rods, is NIMBYism. We hardly trust our government now. Are we going to trust them to build and staff safe reactors?
Otherwise, they can be built safe. But they need to have independent oversight to run effectively and for community acceptance.
” We hardly trust our government now. Are we going to trust them to build and staff safe reactors?”
The government doesn’t build reactors. They don’t staff them either.
Private industry does. Do we trust private industry to use the correct bolts, correct concrete, or skimp on the quality of materials?
If you could trust private industry you wouldn’t need a corrupt government inspector to inspect anything.
That’s the downside to having money as your motivation.
16 years to turn a profit on a nuclear plant. Boomer doesn’t want to wait that long.
https://youtu.be/UC_BCz0pzMw?t=558
Libturd,
How often do we experience nuclear catastrophe? My point is, we’re being told that there’s absolute proof that we’re destroying the planet beyond repair. Nuclear energy is a dormant, consistent, clean flow of a nonstop energy source. This is a no-brainer. My first house was miles from Oyster Creek in South Jersey and neither I nor anyone else thought anything of it. So, like everything else, the reason it isn’t being pushed is because there’s not enough people who will financially benefit from it.
Theoretically, it’s a private company that builds them. But the contracts for construction of such projects are always significantly subsidized. Go look at any list of campaign contributors. After Wall Street and the large health care companies and insurers, you will find a tremendous list of real estate developers and commercial construction outfits. Give 100K get 100 million contract guys. Like LCOR, who is building that development around Hoboken Terminal. Or Creamer who has the GSP construction contract. It’s so easy to follow the money. But no one cares to hold anyone accountable. So why bother?
Not just nuclear either:
https://youtu.be/UC_BCz0pzMw?t=742
I have walked inside an actual reactor core when they were down for maintenance, though the other two reactors were online just 100 yards away. This was in Susquehanna in the 90s. I was also in the Princeton Plasma Physics lab a number of times. I was a nuclear fission junky when I was younger. I probably know more about it than anyone here. There has never been a nuclear disaster that was caused by the technology itself nor a malfunction of said technology. Every disaster has been caused by seriously stupid human errors being made. Like turning off cooling systems due to a sensor failure (3 Mile Island). Or running a reactor before the containment structure was completed (Chernobyl). Most people don’t even realize how little radiation escaped from 3 Mile. 2 chest x-rays worth escaped the containment structure. Even Fukushima wouldn’t have occurred (earthquake and tsunami caused triple core meltdown) had Japan listened to the International Community about the poor placement due to hydrologic and geological issues.
Americans aren’t willing to make something that takes 16 years to turn a profit.
Immediate gratification is what gives Americans a hard on.
Boomer most certainly isn’t going to care since they will be dead by then.
That is exactly right Phoenix. There is a expensive additive than can be added to cement that double it’s cost but make’s it nearly impervious to decay from water and salt. If used in highway infrastructure it would increase the structural integrity of overpasses and underpasses by five times. Tests have indicated that the structures would last 100 years instead of 20, before major maintenance would be needed. Though it would double the cost of construction. So to you and me, it’s a no brainer. Of course, if more state governments would agree to pay for it, due to economies of scale, the cost of the product would go down. And significantly, since it’s so new. Well, the American company that makes it only has contracts in the Middle East. Not a single private or public company is willing to pay double for a structure that will last 5 times longer. Talk about boomer mentality.
Or they will claim they put the additive in it, only to find out they never did, and good luck using the American “Justice” system to hold someone accountable, especially in civil court.
Just like the boomers complaining now about China “stealing” from them- when it was their own lazy azzes that sent the work over there so they could profit in the stock market.
Gross.
This one goes out to all the pool owners.
Lawn Guy was there yesterday and I am home by chance… I hear the mower idling next to pool and see he has taken the BAG off the mower to change it and left the rear wide open while he walked the bag across the yard and down the path to the garbage bins.
The mower sat there just shooting dust and grass into the pool.
I went out there and asked him what he was doing?! This is not the first time that this has happened. This dude has been our lawn service for 5 years. This week my cousin’s kid is staying with us and I have sole pool maintenance duties as I fired the pool guy two weeks ago.
I was livid. WFH wife gets the full brunt of my annoyance and agrees with my point, but doesn’t like my tone…..Skimmed, scrubbed, and ran the vac and dredged grass from the pool last night and this AM. Upped the chlorine a bit. In the fight against algae.
So anyway. That was fun.
Good thoughts from Lib about EVs and Nuclear power.
The cost to construct nuclear power plants has skyrocketed since “The China Syndrome” movie. It’s something the US should have gained global advantage in. I had some books from the 50s and 60s that envisioned a century of progress ahead fueled by nuclear power. But it was the hippies that hated the promise of industrial progress and worked so hard to kill nuclear, coming up with catastrophic scenarios, bitching about waste storage imaginary catastrophes.
I remember writing a paper about nuclear in HS physics class in the late 80s, when the hate was killing the industry. Politicians aren’t brave enough to stand up against a popular movie, dumb people who can’t tell the difference between a nuclear power plant and a nuclear bomb, and there were plenty of oil and coal state politicians happy to crush nuclear. Imagine if the government had spent as much money funding research into nuclear power as they do funding dumb climate change propaganda, diversity, equity, and inclusion research, faulty economic research.
Nuclear power is primarily capital costs. All these years of super artificially low interest rates thanks to central banks, we could have at least got something in return for the surge in government spending. Instead the surge of money funded a bunch of potato chip, coke, and Netflix binging. Down the toilet without a trace, and nothing left to make the world a better place, like a big fat nuclear power plant would do.
Libturd,
What’s the name of the company or additive for the cement?
This!!!
“So, like everything else, the reason it isn’t being pushed is because there’s not enough people who will financially benefit from”
The irony in “make america great again.” Why did you do it the first place?
“Just like the boomers complaining now about China “stealing” from them- when it was their own lazy azzes that sent the work over there so they could profit in the stock market.
Gross.”
It’s all going to be a gradual transition. The improvements to Grid, Solar, Battery and EV cars etc. BTW just like your phone which continues to get newer faster charging standards and capabilities so do the cars. It used to be 10kw charging for cars and now the latest quick charging standards go from to 50kW up to 350kW charging and it’s in the new GM Ultrium platform. Over time they will get it down to a perhaps only 10 minutes for an 80% charge etc at the quick charging DC stations.. Tesla’s supercharger today is 200 miles in 15 minutes, it will only get better.
Not everyone can afford home solar and battery banks and a Tesla car today and may never buy one but Tesla has shown their cars can be charged by solar it can be done with their expensive systems. I have seen the Tesla Powerwall charged by Solar Panels that can charge up the Tesla at 12kw. There are fanboys who are all in Solar, Tesla cars and have their cars charged by Tesla Powerwalls etc even off grid and keep the house running too.
Here is a recent video about 8 minutes. This guy has solar panels and two Tesla Powerwalls. He can charge up enough to keep his Tesla car going and run his house off grid. Not to 100% but enough to charge his car after daily driving etc.
https://www.youtube.com/watch?v=wTJcr0jRlrI
Part II..
It will only get better over time…that is the hope anyway..
BTW the latest batteries Tesla is building now. Lithium iron phosphate (LFP) batteries are rated 200,000 miles, or 20+ years, before charge capacity begins to drop by more than 20 per cent. If you notice there is no more cobalt in them. The older batteries known as Li-NMC, LNMC, NMC or NCM are mixed metal oxides of lithium, nickel, manganese and cobalt. Much dirtier to mine and expensive to make and recycle.
Half of Tesla’s new cars are using LFP batteries, there is no dirty cobalt in them.
https://electrek.co/2022/04/22/tesla-using-cobalt-free-lfp-batteries-in-half-new-cars-produced/
Tesla says there is more to be done on the battery side. They are in development with a newer battery tech one using Nickle can be recharged for 100 years. Might be here sooner than you think. Won’t need to recycle those batteries for 100 years.
When it comes to cars you might keep one gas and one electric for the foreseeable future but in 10-20 years time allot can be done for all of these electric generation, storage and charging challenges.
Ex – re: “wife gets the full brunt of my annoyance” and ” I fired the pool guy two weeks ago.”
I thought you were the mellow Ex anyway? That bothers you so much? Really? This from the guy who sparks one up all the time? Perhaps a little therapy is in order?
Now that you are the man of the house, you should not need to scrub the pool more than once a week, even with a crappy landscaper. It takes me a total of an hour to do that and scrub reload my hot tub with fresh water. Sure the landscaper screwed up but that is why he is a landscaper because he is a screw up. Best thing to do is offer him a nice cool drink and explain why you don’t want all the crap blowing into the pool. My landscaper does not bag, which I prefer. The grass is cut and they come around and blow off all the hard surfaces, sure some gets in the pool but I am not going to even mention it to my wife or go nuclear about it.
Oh BTW the newer pool robots will do most of the scrubbing and vacuuming all the way to the water line….if you so choose to use one you can sit out back and smoke a fresh one while the robot does all the work….
No One, at my last school, we had a graduate that was an engineer at a Nuclear power plant. He came back yearly to give our AP students a lesson on how it works and why it’s so good. Really opened a lot of kids eyes.
At my current school, a foreign language teacher runs the so called green team and brainwashes them into thinking it’s evil. Nice woman though, just part of the cult
All of this fertilizer, farming, smart grid reform talk and attempts have serious China Great Leap Forward vibes.
Ring notification about an expensive BMW X5 hoisted from a driveway in Little Silver last night. Key Fob left if car again. Driver was followed home. Be careful if you drive one of these expensive rides. The task force has busted up the gangs a few time this year but like the whack a mole they keep popping up again and again.
Nuke power needs to allowed to move forward, it’s been stuck in 1960s technology for too long now. Too much political science instead of real science is governing what we are doing here with Nuclear energy. We don’t even recycle any nuke waste which is done safely today in Japan, Russia, UK, France and India.
Joyce,
It was a while ago, but I’ll do my best to find it. Gonna be a tough google to find, but I’ll try my best. I found out about it when digging for Murphy dirt. I know that the CEO of that company ended up developing relationships with politicians through it that yielded him another unrelated contract for something else even bigger. It was the son of some really rich banker or something similar. I’ll dig later. Busy now. As usual.
btw, Gator tested and no sign of the Covid yet. They both saw the show at the Borgata on Friday night. Now the infected hung with us through Sunday, so we won’t be clear until Thursday night. We are a sample of 4. Of course again, Gator wore a KN95 to the show. The infected did not. But there were times the infected and Gator (and the rest of us hung out in the room together and ate meals together) were unmasked.
Stepped into GOOG, protected down to around 96…took some upside options with the proceeds. All expire friday.
Booked gains on my UPS ‘long’ overnight, shares down $6.00, 3.3%, made 75% of my max profit.
Stepped into TGT this morning…feels like a replay of early June which I traded well…very similar levels/declines. Profit so long as the shares remain above 120 (down 20% from spot of 150).
Lib, brother, need to get you over to the dark side. These trade setups are exactly for your style…disciplined, defined entry price points, etc. Throw me a couple names you like but are a little expensive for you right now…I’ll see what I can do….
Busy, busy, busy!
I’m selling a house ova heeya.
Nice, looking forward to all the stores once its final.
Great Lib!
Take the best and highest before market falls apart. If you have an all cash buyer, take that even if it is not the highest. I sold 3 the last 2 years, and that one was the quickest and easiest. ALL CASH IS KING!
When it is gone you can celebrate….Good Luck!!
12:50 Yeah point taken. Whaddya gonna do?!
I have family that grew up in the shadow of 3 mile island. There have been some bad issues with Liver disease there in that crew. Not a direct line to me, but on the inlaws side. Related? Who knows.
https://www.facebook.com/gveitengruberesq/videos/611487770299420/?notif_id=1658867577674124¬if_t=live_video&ref=notif
Not sure if this is shareable, but this is my real estate lawyer. The video is kind of interesting and speaks to a lot of people who are in trouble with their mortgages. This guy is a friend from my college days.
My tweet responding to someone about tech layoffs and cut back on office space. …response to my tweet below it. Going to get ugly.
“You missed the point…the labor market was in a bubble driven by cheap money. They were hoarding workers that they no longer need…since they no longer need these employees, they are shedding office space. All of this will hurt the economy big time”
“Yep, I know someone in HR at big consulting company. They held onto people during pandemic and were really lenient with performance…going to be a tightening the belt very soon.”
Getting attention with this tweet. People agree.
“WFH is going to destroy the economy. It’s a huge deflationary event. People just don’t understand the impact”
I just got a call from our IT head. In Premedia, we are all getting brand new (refurbished) Mac Powerbooks (30 of them). Everyone will be outfitted at home with a dock and two monitors including our employees in Coimbatore and Chennai. Currently, we shipped our office iMacs to most of our former in office workers. The others had laptops for travel and iMacs for when they were in the office. I’m glad my company sees the value of WFH.
Lmao
“”Fed has to Pivot cause of the carnage in the markets”
Stonk bros, youre up 600% in 12 years and still 20% above pre-covid HIGHS
The only carnage, is for actual living people”
Lib,
WFH is going to take the american economy down and you are too blind to see it. America’s monopoly on white collar jobs is over and people like you cheer it on. Disgusts me. Please don’t bitch about your property taxes going up as these corporations skip the bill…oh, right, you are running to costa rica on the bill like a cheap ass boomer running to Florida.
Seriously, who is going to pay for for the corporate real estate taxes if they remove their physical location. That’s right…every single one of you. On top of that, your job is going to get deflated compensation as you now have to compete with the rest of the world. Who is going to hire an expensive American?
The best part, you fools fought company heads for this? Are you that stupid? Seriously?!!
Makes me sick how stupid the avg person is…
(Baby voice) I want to stay home and work. I don’t care if it means giving up my monopoly on said location.
F’ing retards.
Look at you spell it out in this post…how are you that blind to see it? I don’t get it, lib. You are supposed to be smarter than this.
Libturd says:
July 26, 2022 at 7:18 pm
I just got a call from our IT head. In Premedia, we are all getting brand new (refurbished) Mac Powerbooks (30 of them). Everyone will be outfitted at home with a dock and two monitors including our employees in Coimbatore and Chennai. Currently, we shipped our office iMacs to most of our former in office workers. The others had laptops for travel and iMacs for when they were in the office. I’m glad my company sees the value of WFH.
Lib: Very nice! Enjoy the upgrade!
3b,
That’s right, you enjoy selling your kids out. You got yours…
I’ve said my peace…no idea why you people are so blind to it. No different than the corporate elite who thought it was a good idea to replace american jobs with chinese. Don’t bitch about that when you embrace WFH, which is the equivalent today, except it’s american white collar jobs that will be destroyed.
Cheap products is what hypnotized the masses into selling out blue collar jobs. Working from home aka life balance/savings from commute is what hypnotizes the masses now into selling out the white collar jobs.
“There is a vocal crowd on HN cheering for the WFH trend. But that is a big risk for the US SW engineers and a great opportunity for the rest of the SW engineers in Americas.
The crowd cheering for WFH seems to assume that the jobs will be available anywhere the suburban US which is ideal for WFH with big houses with enough space to have an office, gym and whatever. They also assume SV level salaries, maybe with a 10-15% haircut and think they can live like kings.
But from my personal experience at a company going fully WFH, I can say that those are rosy dreams. I am in a position where I know about the company’s hiring plans and salaries. Guess where is a majority of new hires going to come from? Other countries! Guess what will be their salaries? Much lower than what we are offering in the non-SV parts of the US.
If the WFH trend continues, it will do to the plum US tech job market what globalization did to manufacturing. In a WFH setup, someone in Mexico is on the same level as someone in Kansas or SV, but much cheaper.
It is time for tech workers to look out for themselves and root for a failure of WFH trend. Else for the short term king-size lifestyle in your remote corner of the US, you will destroy one of the last remaining well-paying job market in the long term.”
“> I don’t feel how I’m entitled to my current salary
No one is entitled to anything. It is purely about protecting your bargaining power. Tech peeps should learn from Doctors/AMA. If you aren’t vigilant about your privilege, others will be too happy to take that power away from you and enrich themselves. See who benefited from outsourcing manufacturing to China – only the outsourcing companies and Chinese middle class, but at a great loss to American middle class. While I completely understand Chinese middle class to fight for improving its lot, I don’t understand why American middle class has to surrender its power so easily.
> We were drowning in work before and now we have some extra help. I don’t see this as a bad trend.
LOL we might as well be working at the same company. Wait until you see the proportion of your foreign colleagues increasing. Again, same thing happened with manufacturing. “Oh but we are just seeing cheaper goods in our stores” was what they said in the beginning. And it was too late by the time capital owners established manufacturing elsewhere and drained out all those middle class jobs.”
“I’ve been sounding this alarm for years, on def ears.
Nobody wants to hear it but the truth has never been more clear. There is a HUGE pool of talented, hungry developers around the world who want YOUR job for 1/4th of your pay.
The second US companies open their doors to those engineers, we will see dramatic decline in SW salaries. What has held this at bay so far as definitely been the companies that don’t allow remote work, and, the companies that are unwilling to hire across language or timezone boundaries.
I agree with the OP here that this WFH trend will not be the rosy future many picture it as being. Expect much lower salaries across the board, and possible even less job flexibility here in the US as competition for those positions rises dramatically.
BTW – This is NOT meant as a dig toward developers from outside the US. The point I am trying to make is that they are JUST as qualified, if not MORE qualified, than many here in the US. There’s no reason they shouldn’t have access to good jobs. It’s just been a convenient reality for US engineers that the market has been something of a walled garden. That may change sooner than they’d like to admit.”
Not everyone is in tech.
You’re questioning him? He has a gift.
Lib,
Being sincere here. Invoke your inner “Phoenix.” How do you think this wfh experiment will end? Please focus on the greedy nature of “human nature.” It’s f’ed. Honestly, there is nothing we can do. It is what it is.. Homer Simpson is the avg american…what would homer do with WFH?….doh!!
Watch this video and understand America peaked in the 90’s. It’s over…MAGA isn’t saving chit.
It’s so hard to get old without a cause
I don’t want to perish like a fading horse
Youth’s like diamonds in the sun
And diamonds are forever
https://twitter.com/northmantrader/status/1552010146452316166?s=21&t=3FgGFqeSFUvqFSXAoE711A
Remember this. Remember dumb pumpkin trying to knock sense into the numbed souls who thought they were improving their lives.
“WFH is going to destroy the economy. It’s a huge deflationary event. People just don’t understand the impact”
You are just upset that you can’t work from home. We get it. How’s your DNA?
Lib,
Being sincere again. Listen to yourself romanticize about the WFH platform and how it will lead to a much better lifestyle for the worker. I thought you could smell bs from a mile away? I don’t get it…why can’t you see the reality for what it is? You really think the worker is going to end up in this better position? Really?!!! I’m really disappointed in you. You claim to be the king of smelling bs, but here you are knee deep in shit hypnotized by the smell of it.
As for DNA, huge buyout of one of their competitors this week. The moat is incredible. You do realize that the price dropped because they bought out their competitor dirt cheap by using stock instead of cash, right? Smart move. You don’t want to touch your cash reserves in this kind of environment. The company is the future, it’s super early to the show. Synthetic bio will change our world.
Right now they lost 1.67 a share in the trailing twelve months. Their EBITDA is -2 billion. You are correct. There is a wide moat. Very few companies can find suckers to keep buying shares from a company that blows money at the pace they do. And of course they did the deal in shares. They only have enough assets left to last another year at their current burn rate. But fear not. They will continue to increase share count diluting current suckers.
NEW: China tried to build a network of informants inside the Federal Reserve system, at one point threatening to imprison a Fed economist during a trip to Shanghai unless he agreed to provide nonpublic data, a congressional probe found
wsj.com/articles/china… with @NickTimiraos
So the only player in synthetic bio is useless and going to die? Okay, got it. Someone should tell Bob (leader of R & D at Bayer) that he is an idiot.
There’s no doubt in my mind that ag biologics will continue to grow in importance, and we’re excited to help drive new solutions in this space. Check out the recent news about a partnership that will take biologics innovation to the next level: investors.ginkgobioworks.com/news/news-deta…
https://twitter.com/bobsreiter/status/1551971855694807046?s=21&t=8oNNHBpGZA_45ZaZ4cjxPQ
Yes, I love investing in companies whos primary business is issuing shares.
Let’s stop doing background checks on employees and contractors we send into peoples homes. 1 murder and 2,500 reported thefts is just the cost of doing business in today’s America.
https://www.wfaa.com/article/news/local/spectrum-7-billion-punitive-damages-murder-of-83-year-old-texas-customer/287-11135ab6-58f9-467b-9383-f8d60f0de83c
Joyce, company is Hycrete. Google David Rosenberg.
No 83 year old is worth 7 billion. Enjoy your price hike suckers, all of those using that service will be paying for that verdict.
75 basis points today from the FED? I think what we need to do is give people a universal income to help against the high prices of everything. A tax against the one percent of highest wealth holders should do it.
How can you justify a 24% increase? The real cost of covid coming through to a health insurance increase to you. Lovely. This country is so f’ed in so many ways.
“Hundreds of thousands of public workers, early retireesm and school employees in New Jersey are facing potential rate increases of as much as 24% for health benefits under proposals being considered by the State Health Benefits Commission.”
Fast: It will be interesting to hear the Feds comments going forward.
Go short it…
Talking chit about a company you know nothing about.
BRT says:
July 26, 2022 at 11:04 pm
Yes, I love investing in companies whos primary business is issuing shares.
The result of that verdict is that cable companies across the US will outsource their field service work to third party contractors to shield themselves from liability.
A Missouri Court agreed with an arbitration finding that awarded 5 million to a woman who had unprotected sex in a car with her partner, and contracted some form of HIV I believe. The court agreed Geico is responsible. I don’t understand this at all.
Buckle up, only going to get worse. This country is f’ed.
“I just got laid off from @Shopify in an email. And they took my slack access away immediately. I dropping my kid off so I don’t even know if I’ll have access to my computer.”
re: “outsource their field service work ”
They already do that at least cablevision does in NJ does.
Best part, this individual chose to work from home and is now crying about how she was laid off through an email. How did you think this was going to end, sweetie? Lmao
Biden: Getting closer to announcing his student loan plan, apparently he will continue the pause in payments and may broaden the forgiveness amount initially planned to be 10k.
I suspect someone in management decided it was cheaper to get sued than run background checks on field techs.
3b
What are the odds whatever amount Biden forgives, most colleges and universities will raise their tuition for a 4 year degree by that amount.
The Great Pumpkin says:
July 27, 2022 at 9:05 am
“This country is f’ed….” ‘I just got laid off from @Shopify in an email’
Not that I disagree with the original sentiment, but Shopify is a Canadian company. Which raises the interesting point that as bad as things are looking here, the other western democracies (aka our useless allies) are literally at their breaking points — the Dutch are killing their farms and their ability to produce food because they’ve decided cow manure is destroying the planet, Germans are busy chopping firewood to try to make it thru next winter, Italy, Spain and Greece are broke (as usual), UK and France as distinct cultures and competitive and innovative economies are virtually dead. Likely our fate as well, one blue state at a time…
Pump’s company sounds like this company from the 90s. Was a piece of crap, always begging for money rather than making it.
https://en.wikipedia.org/wiki/DNA_Plant_Technology
When did DNA issue more shares? No idea wtf you guys are talking about. They just bought out their only true competitor aka huge moat. They are sitting on 1.5 billion in cash. They have a highly competent ceo in jason kelly. They are going to be a future powerhouse.
“Out of 7 analysts, 3 (42.86%) are recommending DNA as a Strong Buy, 2 (28.57%) are recommending DNA as a Buy, 1 (14.29%) are recommending DNA as a Hold, 1 (14.29%) are recommending DNA as a Sell, and 0 (0%) are recommending DNA as a Strong Sell.”
Small,
American society peaked in the 90’s with the fall of the USSR. Been downhill ever since. WFH is the nail in the coffin for western societies, white collar jobs is all they had left after giving away the blue collar jobs. Now they have nothing except a higher cost of living that will slowly be deflated away.
Pump, you even understand how dumb you are for citing analyst recommendations as evidence of excellence. Enron had a higher percentage of buy ratings than that 6 months before they plunged to their doom. Valeant had almost all buy ratings when they were flying high. Every bubble stock has lots of buy ratings when they are flying high. Analysts mostly get negative when a business is blatantly broken and the stock has hit bottom.
Not sure why the background check is relevant anymore,
The current trend is to reduce the stigma of previous arrests, convictions and felonies to provide these people with meaningful work opportunities.
States have been pushing to reduce the employer ability to reject candidates (aka discriminate against candidates) for these reasons.
So what gives?
No one,
What does DNA do? Please explain since you are bashing the company.
I’m pretty sure nobody would say that HR has the ability to predict the propensity for violent on-the-job crime based on a background check (which is largely CYA garbage anyway). Police and criminal scientists can’t do it, we expect Sally from HR to do this? While simultaneously balancing discrimination claims?
Good fucjing luck.
And after you figure out what they do. Tell me why this has no future. Why you can’t make money off it.
Another violent night of crime last night in NYC.
By the way, friend of mine works in a manufacturing plant in Bergen County.
A few months ago an employee killed a co-worker by smashing her head in with a hammer, and then going home as if everything was normal.
Another violent night of crime last night in NYC.
Mayor Adams is on it! In fact, he’ll need another term to really fix things. For now though, we’ll release felons post arrest on good faith and make them promise to be good as they await their court dates.
Last year, we had a 23 year old teacher that was clearly bipolar who was going manic. I know the signs as my grandmother, sister, and best friend all have been institutionalized at points. He was a ticking time bomb I told HR and they were afraid to even address it because of the potential ramification of firing somebody for being mentally ill. As a result, I had my classroom ready to lockdown for like 3 months last year. Locks set, cable ties ready to go to prevent door from opening. More often than not, the workers on the ground see this crap coming from a mile away and the people above are slow to react or don’t react at all.
I just read the 10K from March for DNA. The risks with this company are huge. Anyone who goes in now is doing little more than funding the salaries of their top bioscientists. You are going to get diluted ten ways to Sunday. They even have the option, without shareholder approval to issue nearly a billion in class C shares. And where was their 2nd quarter report? So many red flags to go with their red ink. A perfect stock for a gambler. A terrible stock for an investor. You will never learn.
White House braces for grim news on economy
Senior administration officials are hitting the airwaves and arm-twisting reporters in private, imploring anyone who will listen that the economy is still healthy.
The White House is scrambling behind the scenes and in public to get ahead of a potentially brutal economic punch to the face that could give Republicans the chance to declare that the “Biden recession” is under way.
Wall Street analysts, economists and even some in the Biden administration itself expect a report on Thursday to show the economy shrank for a second straight quarter, meeting a classic — though by no means the only — definition of a recession.
Senior administration officials are hitting the airwaves and arm-twisting reporters in private, imploring anyone who will listen that the economy — despised by majorities of both Republicans and Democrats fed up with inflation — is still healthy.
But White House officials admit that changing people’s minds is a daunting task as the highest inflation in four decades severely cuts into wages even as the economy continues to churn out jobs and Americans keep spending.
“I don’t think any of us are trying to convince anyone that their feelings about the economy are wrong,” Jared Bernstein, a member of the Council of Economic Advisers and one of Biden’s longest-serving aides, said in an interview. “What we are trying to do is explain things in a much more nuanced way than most people are getting from the daily news flow.”
Bernstein’s CEA and the Treasury Department are cranking out blog posts and studies arguing that the current post-pandemic moment — while strange and disconcerting to many Americans — is nowhere close to a recession.
Treasury Secretary Janet Yellen showed up on NBC’s “Meet the Press” on Sunday and declared, “This is not an economy that is in recession.” On Monday, senior Biden aide Gene Sperling ventured into hostile territory on Fox News. The next day, National Economic Council Director Brian Deese joined the White House briefing to make the case.
Aides are even quietly praising occasional White House nemesis Larry Summers, the voluble former Treasury secretary who on Monday said on CNN that anyone who says we are in a recession now is “either ignorant” or “looking to make political points.” Summers still believes a recession is likely in the relatively near term.
Biden on Friday afternoon received a briefing from Yellen, Deese, Sperling, CEA Chair Cecilia Rouse, Energy Secretary Jennifer Granholm, Budget Director Shalanda Young and Amos Hochstein, coordinator of international energy policy at the State Department.
The lengthy, remote session focused on just how much gas prices are dropping (a White House fixation), the impact of that decline on consumers and continuing geopolitical issues — mainly the war in Ukraine — that could still send oil and gas prices soaring again.
White House press staff are also regularly convening background briefings with economics reporters and senior administration officials to talk up the economy’s strengths, no matter what the GDP numbers say this week.
For their part, Republican leaders sense an opportunity to leverage their already big advantage on the economy as a midterm election issue and ride it to even larger gains in November than polls predict.
“It’s too bad the White House doesn’t have a vaccine for denial,” said Rep. Kevin Brady of Texas, the top Republican on the House Ways and Means Committee. “The question isn’t if we have a recession. The question is how harsh and how long it will be. It’s their denial of inflation and the worker shortage and other misalignments in the economy that is the reason why Americans are suffering so badly right now.”
Senior White House aides promise that Biden will be back on the midterm campaign trail soon after fully recovering from Covid to counter that narrative with a sharper message on the economy. He’ll say that it’s both still strong (with high job growth) and getting better (falling gas prices).
Now that’s funny…
Would love to hear Fast Eddie’s complaints if he were a young Black male living in NYC during the heyday of “stop and frisk”.
Whole different point of view as a White person from the suburbs. There must be a balance somewhere between mayhem and wholesale violation of rights based on racial profiling.
Eddie, are you seeking that balance or are you good with violating other people’s civil rights as long as you benefit?
If everyone thought like you, we would never have progress or innovation. Why are you expecting beautiful fundamentals on a high growth company in the early stages of a brand new sector? Please explain.
Here, shouldn’t bother giving information about this company, but will. With how obnoxious you are being, I really don’t want to educate you on a good investment, but lucky I am a nice guy.
https://beta.nsf.gov/science-matters/turning-cells-manufacturing-centers
Libturd says:
July 27, 2022 at 11:08 am
I just read the 10K from March for DNA. The risks with this company are huge. Anyone who goes in now is doing little more than funding the salaries of their top bioscientists. You are going to get diluted ten ways to Sunday. They even have the option, without shareholder approval to issue nearly a billion in class C shares. And where was their 2nd quarter report? So many red flags to go with their red ink. A perfect stock for a gambler. A terrible stock for an investor. You will never learn.
I am aware of what they do. Dolt.
What they pay themselves and whether or not they make it to the finish line are what you need to ask yourself as an investor. Personally, I think they go broke on the way to profitability. The tech will develop eventually, but I doubt under the name Gingko. And what kind of a company with a market cap of 4.7 billion can’t release a 10-Q on time? BIG RED FLAG. Don’t worry, like you, they’ll blame it all on the supply chain.
Old,
Fast Eddie will just call stop & frisk a free rub & tug.
Left. You see the Paypal?
I read the other day that the 2nd prime time January 6th erect1on clown show was telecast on 10 networks and drew ~ 17,000,000 viewers. That’s 4.6% of the U.S. population. TEN NETWORKS SIMULTANEOUSLY! That’s also 15% less than the initial multi-station clown show telecast. The writers better come up with more bombshell “testimony” or this show might be cancelled.
Lib,
Then short it.
Whole different point of view as a White person from the suburbs.
I grew up in the city. The cops used to bang us around just for the hell of it… just for standing on the corner. I got tossed against a wall and frisked many times for doing nothing. I’m sorry, what was that you were saying again?
Pumps,
I don’t play with margin or leverage. I don’t even use casino credit. The only thing I’ve ever shorted in my life was real estate back in 2007.
lol, ARKK dumps COIN. Bought the entire way down and now dumps.
11:36 yeah? You seem really battle hardened.
Fast: I believe Adams is considering a run for President.
This is pretty funny from WSJ:
SOUTH ORANGE, N.J.—Matt Peyton was lying down one evening when the rumble of what sounded like a bus engine reverberated around his bedroom.
Mr. Peyton, a 58-year-old commercial photographer, looked out his window and spotted a long van at the curb. He assumed it was an airport transit service that had gotten lost, so he went outside to help.
”I look inside the truck and I see a lady baking what looked like bread with a full-on oven,” Mr. Peyton said. “She’s spreading some sort of guacamole on it, and I’m going: ‘What on earth is this?’ ”
This is Wonder, a startup meal-delivery service whose gray-and-beet-colored Mercedes vans have become a common sight—and sound—most evenings in about two dozen New Jersey commuter towns near New York City. The company, whose most recent funding round valued it at $3.5 billion, is expanding rapidly and aims to dispatch thousands of its trucks across the country.
These days, it isn’t enough to get takeout delivered to your door. Wonder’s meals are partially cooked in a central kitchen and then delivered in “mobile restaurants” by a ”chef-on-the-road“ who finishes off the order at the curb. The company has bought the off-premises rights to some of the country’s best-known restaurants, offering the ”seafood artistry“ of Daisuke Nakazawa or a juicy rib-eye from Bobby Flay.
Wonder’s food doesn’t arrive soggy or lukewarm like regular takeout because its chefs finish off meals at the curb using impingement ovens that blast heat at dishes and sous vide in which vacuum-sealed food is cooked in a water bath.
The trucks have become a godsend for time-starved families, many of them New York City transplants craving the variety and convenience of food from 20 restaurants delivered to their front porch in about 40 minutes.
But in towns like South Orange, peppered with electric cars and lawn signs proclaiming that “Science is Real,” and where gas leaf blowers were banned this summer, the diesel vans aren’t universally welcomed.
“There’s a stigma of calling the Wonder truck and having them idle outside your house for the decadent purpose of making you dinner in a truck,” said Will Meyer, a 41-year-old attorney, who concedes the food is quick and tasty. “It feels like this is late empire sort of stuff.”
“I curse their trucks as I see them,” said Dan Dietrich, a 55-year-old stay-at-home dad who bought his first electric car almost 10 years ago. “Why do we need trucks burning diesel fuel running around to feed one family at a time and sitting idling in front of someone’s house in a supposedly liberal town?”
Several fights over the trucks have broken out on a Facebook group that covers South Orange and the neighboring town of Maplewood. Lisa Bressler, a 48-year-old sales executive and mother of two boys, posted in May asking when Wonder would start delivering on Fridays and Saturdays in South Orange. “The post, of course, opened a can of worms,” she said.
Wonder’s online critics pile on the company for noise and pollution. Fans rush to defend its convenient, reasonably priced meals. Ms. Bressler said she doesn’t see the difference between Wonder and the Amazon and UPS trucks that circulate around town all day. “It doesn’t bother me,” she said. “I guess I like unnecessary luxuries.”
A Wonder government relations representative—referred to by some in the towns as the “Wonder woman”—has attended two public meetings in Maplewood “where people were arguing with her,” said Dean Dafis, Maplewood’s mayor.
Mr. Dafis, 52 years old, has fielded complaints about truck noise and truck smells, about trucks blocking driveways and trucks polluting the air, not to mention concerns the trucks steal business from local restaurants. He said many issues could be resolved if neighbors simply talked to one another, but there is also an element of folks disapproving of their neighbors’ environmental choices. “There’s a lot of that going on in South Orange and Maplewood,” he said.
Wonder officials say the company complies with state and local laws and responds quickly to complaints from customers—and their neighbors. The firm says that because its trucks carry refrigerated food it is exempt from state laws that limit idling to three minutes. And because its food is par-cooked in a central kitchen it says it is exempt from town ordinances that regulate food trucks. “These are not food trucks,” Scott Hilton, Wonder’s chief executive, said. “And they’re not just delivering food either.”
Mr. Hilton said the company has upgraded to less-noisy vans, but an electric fleet is still ”a few years” off.
Wonder’s fleet of 200 vans is expected to number in the thousands in two to three years. The trucks are so numerous each night that they provide their own kind of marketing. “I can’t get that dumb Wonder truck out of my head, because I see it everywhere now,” said Deb Yohannan, who runs an administrative management company, and who ordered three Di Fara pizza pies with six friends one recent Friday night in Maplewood. “The cost blew me away,” in a good way, she said. “It was $12 per person.”
In the nearby town of Westfield, where Wonder launched in 2020, Roshni Charles’s two boys, aged 4 and 2, switched from playing chef to playing Wonder truck. Ms. Charles, a tax director for a private-equity firm, built a Wonder truck for Halloween last year out of a wagon and cardboard spray-painted in Wonder colors. Her eldest son posed in front of a real-life Wonder truck they passed while trick-or-treating.
Everyone loved the costume, Ms. Charles said, except the homeowner who had the truck parked outside their house. “They said something about, ‘Oh, these trucks are all over town,’ ” she said. “Other than that it was a lot of laughs.”
I believe Adams is considering a run for President.
He should name Buttigig (or whatever the fuck his name is) as VP or vice versa. The democrats are infinitely more selfish than the republicans. Republican policies always seem to benefit every day, productive Americans whereas democrats run on promises and deliver very little. Like a dog responding to a whistle, they know the weak will fall for their precepts time after time and will forget them the moment the confetti flies. We feel your pain is the left’s version of thoughts and prayers. They truly are an aversive group.
“The supply chain issues were caused by so much demand being brought forward by way too much stimulus…The lockdowns were for like three months.”
Uhm, very convenient historical re-write there…so ‘lockdowns’ ended in June 2020? More than a few business owners across multiple sectors may feel differently….
Again, it was our wildly misinformed RESPONSE to this manageable virus fueled by willful ignorance that caused this mess we have, and we will continue feel the repercussions, for years…
As I’ve said before, posters here spend more time shutting down their garden power tools for the season than these screeching liberals spent on shutting an entire economy. Legislation by emotion. Criminal.
“so ‘lockdowns’ ended in June 2020?”
Let me fix that. Active participation in lockdowns.
Murphy’s indoor restaurant/gym lockdown lasted until Dec 2020. Some of the school in person closures lasted until June 2021.
If the Dems want a winner they’ll go with Gavin Newsome.
Heck he’ll be the leader of the Republic of California meaning he won’t
Cow-tow to Trump ver. 2.
I can see Trump initiating bombing runs on California should he be re-elected.
His red state base would dance like Saudis after 9/11.
I’m sure those gym and school lockdowns significantly contributed to today’s inflationary woes.
I’m voting for Stern/Cooper.
Old realtor says:
July 27, 2022 at 11:12 am
“There must be a balance somewhere between mayhem and wholesale violation of rights based on racial profiling.”
False choices, which is typical of apologists attempting to excuse feckless and incompetent Dem governance. As I’ve noted many times, big city crime is (was) a solved problem thanks to Bill Bratton, Rudy and others.
– aggressively police and prosecute all criminal activity to prevent a culture of crime
– meticulously gather data
– flood high-crime areas with police
Using this blueprint, anyone can see that the lazily-nicknamed stop-and-frisk policy was not racially based at all, but instead was just a matter of following the data. The problem was never s-a-f, it was and is the election of useless Dems who view criminals as victims and taxpayers as victimizers.
And you really believe this?
Perhaps the truth is that police traditionally vote Republican as part of their demented views of themselves as heroes and saviors of the republic. Crime did not swing upward until the BLM movement, which attempted to point out the systemic racist issues that exist in policing, were misinterpreted by our bullies in blue as disrespect. So our finest, have decided not to protect those they feel disrespected them. This has increased the ability of criminals, regardless of their skin color, to go on a crime spree.
It’s real easy for ignorant white men to support profiling as long as it’s not white males being profiled. Where have I seen this pattern before?
Let’s bring back the Japanese internment camps while we are at it too. Maybe inject them with syphilis?
“The cops used to bang us around just for the hell of it… just for standing on the corner. I got tossed against a wall and frisked many times for doing nothing.”
Yeah, when you were a kid and didn’t know better.
Bet you wouldn’t like it if they did it to you later this evening.
Fun example of lockdowns driving inflation.
Our glass supplier could no longer ship us bottles already cased in corrugated boxes, due to the cardboard shortage.
Why was there a cardboard shortage in the US? Pizza boxes and raw recycled corrugated supply are largely all made in China, due to the supply chain crisis, it was impossible to get pizza boxes to service the wildly increased demand for pizza delivery during lockdown.
Local/US corrugated manufacturers retooled to supply pizza boxes at a wild premium compared to offshore.
Leading for us to need to spend $5500 for boxes that would have normally costed us $1500.
That was a net increase of $1.50 per bottle produced. In the case of something like Vodka, just the boxes increased our production cost by 10%. It was a huge increase – you are talking about $3 added to the retail price to compensate.
All because of pizza take out.
You can’t make this shit up it’s so wild.
I thought I asked a pretty reasonable question about alternatives to current policy without resorting to violating people’s rights. All I got were 2 ignorant rants in response.
https://chargeup.njcleanenergy.com/eligible-vehicles
I’d say kona or nero should be good. Ioniq5 Standard Range has 39K MSRP too.
I bought in May and wouldn’t be eligible. But the dealers will jack it up anyways.
But but but it was all the Fed money printing. Stop lying! Too much stimie money demand. Lol
“Leading for us to need to spend $5500 for boxes that would have normally costed us $1500.
That was a net increase of $1.50 per bottle produced. In the case of something like Vodka, just the boxes increased our production cost by 10%. It was a huge increase – you are talking about $3 added to the retail price to compensate.
All because of pizza take out.”
Lib, replied, for the first time in a long while went into netherworld. No time to re-type but take care with PYPL as an LT hold, why even try with DNA lol, and don’t be an apologist for what in hindsight you know to be a horrible misjudgment by a bunch of shrill Liberals shutting everything down.
Back to looking at earnings AMC/BMO and waiting for JPow…out my trades from the last few days – profitably and quite so with GOOG – and actually went LT hold with GOOG in a different trade today.
Shutting down supply chains f’ed everything up. How it’s not obvious to some people is beyond me. Never shut down the economy again..
Re NYC crime rates:
Crime rates in NYC started dropping when Dinkins was mayor. They continued to go down under Rudy, and Bloomberg, and even for the first 6 years or so of Deblasio.
Down under 4 different mayors, multiple police commisoners, multiple different crime fighting philosophies, and a couple of recessions.
It seems to me that crime rates are driven by a lot more than just who sits in the mayors office.
More free money for the banks..
Federal Reserve hikes interest rates by 0.75 percentage point
The Federal Reserve raised interest rates by 0.75 percentage point on Wednesday. It’s the second consecutive rate hike of that magnitude.
The central bank’s move raises the benchmark overnight borrowing rate up to a range of 2.25% to 2.5%.
The rate hike comes as the Fed attempts to cool down inflation while avoiding a recession.
Left/No One: was at LPL’s annual conference. ARK had a booth. The fucking stones. Got to give them credit. Still, sent two lambs for the slaughter. Fine. I would have done edibles the whole time to get by on that lonely time on the floor.
Can anyone pull the forward data on rate hikes after the Q&A?
The economists I heard here said 50, then 25 and stop. Not that they should but Powell is going to crack under the pressure.
Juice: And more increases appropriate.
Lefty,
Google is my investment club’s largest holding now that Amazon has shrunk.
Everything is coming up roses lately.
Even my pool is staying clean. :P
CHI – yeah edibles for sure…Cathie Woods just sold nearly 1.41 million shares of Coinbase, $COIN, at all-time lows of $53. The average cost average that $ARKK purchased $COIN at was $254.65.
3B – decade long hangover, short watch below.
“Inflation is just like alcoholism.”
~ Milton Friedman
https://mobile.twitter.com/JonErlichman/status/1552066415468888064
Powell is already signaling a dovish pivot if inflation data rolls over between now and the September meeting. Lmao..this market is a joke. Bull party out there…chit cracks me up.
Guess this means DNA will be at 7-10 in no time.
Bad news in the economy is now good for stocks. Lmao
Still think double digit mortgages are coming? Lol
ETH up 17% today…lmao.
Dear Mr Police officer:
Never lie to someone who trusts you.
And to those who have been lied to by the police:
Never trust someone who lies to you.
“Pizza boxes and raw recycled corrugated supply are largely all made in China”
Thanks Boomer.
Juice: Inflation hangover is right! And it ain’t going away quickly. I did not see anything definitive in the Feds comments, except noting the economy is slowing. Unfortunately, that’s what happens when you need to bring inflation down.
3b,
The market reacted this way at the last fed increase. Stay cool. Tomorrow it could give it all back. Personally, I don’t think anything has changed.
If anything, looking at the mediocre earning reports as they come in, it appears the supply chain issue, which the local peanut brain is convinced is the root of all the inflation is not showing any signs of cracking.
Lib: Agree, it did the exact same thing, initially like the news and then think about it and realize nothing there. Seen it many times over the years.
Lib: Market offsides. The reaction is covering. You can see it at the extremes on the individual stock level
Did we build back better yet?
Yes. See the yield curve inversion. Holy moly! And tomorrow has the potential to be a crazy volatility day.
“Firms in the US and Europe worth more than $9.4 trillion will report their latest figures tomorrow at a time when concern over the impact of rampant inflation on corporate profitability is at fever pitch. And coming right on the back of a crucial Federal Reserve meeting and on the same day as a slew of major macro-economic data, there will be a huge amount for market watchers to digest.”
Fly safe. Ask for a deck of cards and a some peanuts? See the face they make.
If the Dems want a winner they’ll go with Gavin Newsome.
It certainly is the dems definition of a winner; governor of a state of tent cities, rolling blackouts, water shortages, high crime and high taxes.
Oh, and it looks like my house sold. Did fine. Though the market has softened significantly. Will explain it all when I have a contract in hand.
Congrats.
“Pizza boxes and raw recycled corrugated supply are largely all made in China…Thanks Boomer.”
Thank ‘moderates’ in Congress who ‘came together’ to ‘do something’.
If we haven’t learned yet there is nothing more dangerous to anything of value to you – your money, your rights, your economy – than a politician making calls to ‘just do something’.
Lib, how’d you hook up with LPL? They’re not based around here?
Only through on a TDOC short for earnings, through options and further out. Shit company that eventually can’t be hidden by low rates. Did take a low cost, high payout SPY hedge at these levels. Didn’t see much else and technically given my existing META with earnings tonight I’m exposed there already.
Thanks. Was never worried. Except about the mortgage rate increases. It’s a different type of buyer than three months ago.
Lib: Congratulations!! Not telling you what to do, but take a little money and splurge, perhaps on something you would not normally do. You and your family deserve it.
Juice Box says:
July 27, 2022 at 2:44 pm
Cathie Woods just sold nearly 1.41 million shares of Coinbase, $COIN, at all-time lows of $53. The average cost average that $ARKK purchased $COIN at was $254.65.
The Great Pumpkin says:
June 27, 2022 at 5:32 pm
As for Cathie…enough said. Money talks, bs walks. You don’t even understand her investment thesis or style. Keep attacking her, and in time you are going to look stupid. It’s easy to attack anyone in a market crash. You will never be on her level, so save the bs.
I don’t want to be on her level, she is horrible , her actions speak louder than words.
Neighbors house just sold for $50k less then it would have 3 months ago. Kids kept trying to spruce it up instead if just listing it.
I didn’t mention LPL. Chi did. From 33,000 feet apparently.
3b,
It is Whopper Wednesday at Burger King.
OC1 the modest reduction in violent crime at the end of the Dinkins administration does not tell the whole story. Yes crime in general is heavily influenced by the economic situation as well. That being said in the case of Dinkins increasing the sizer of the police force was positive but the policies of the Guiliani administration and the Bloomberg administration worked, the amount of quality of life crime went down significantly which in 1980’s NYC was under reported.
The number of police on the street and how empowered they are to do their job is a significant deterrence to crime and prosecuting quality of life crimes and lesser offences does dissuade people from committing more serious crimes.
The policies espoused by the likes of Deblasio and yes Dinkins were a detriment to the safety and security of NYer’s. Any attempt at revisionist history forgets what NYC was like in the 1980’s and what it is in the process of returning to. Your statistics do not account for the fact that in the dark times literally tons of crime went unreported, the quality of life improvement in NYC was stark in the early 90’s after Dinkins it was like switching off a light, some semblance of law and order was reintroduced in NYC.
I was hoping Adams would be able to fix DeBlasio’s mess but it seems he isn’t up to the task, until they return to zero tolerance policies and actually arrest, jail and prosecute offenders the problems will continue.
Grandma cried when I pierced my nose:
https://youtu.be/zIYqhhUNanA
FFR futes now bottoming in Jan-Feb23 at 96.70-ish. Pretty flat the first three months then trends up to 97 in August and 97.1 in December. Pretty flat slope.
chi knows but for anyone else subtract the above from 100 to get the rate, ie. Feb 23 futures are trading at an indicative 3.30 fed funds rate (75-100bps up from here).
IIRC she was previously bottoming out in April so market may be viewing recessionary pressures as more imminent than recently…
So presumably you got your NASDAQ pop today as market sees one 50bp raise and two 25s….which idea seemed supported by JPow’s commentary re: 75s going forward.
Oh META…after hours are specious at best but she does seem to be respecting that 160 line…
On the other hand, TDOC 43 -> 35, down 17%…Cathie Wood shit companies never fail to disappoint lol. Hopefully this holds tomorrow, it would be quite a print for me.
Congrats Lib. Especially interested in the oil tank. In Laws are in possession of a property with one. They probably have full intention on passing it on to us.
Lib, on the COVID front don’t count your chickens just yet. BA5 obliterates prior infection and vaccine. We just got it on vacation which isn’t fun, we isolated but my FIL still came down with it 6 days after we started to isolate and he was crazy about masking and has had 4 boosters.
On a positive note the illness was not so terrible(I’d say 3 days of high discomfort followed by 3-4 days of very mild symptoms and exhaustion), worse than a cold but nowhere near what covid version 1 was and for young kids the symptomatic illness is very short(1-2 days max, stuffy nose and elevated temperature) and not severe. Even for my aged and unhealthy FIL the illness was not too bad he took Paxlovid which seems to reduce the symptoms a lot.
If you haven’t gotten COVID yet BA5 will likely change that and even if you have had it you’ll probably get it again. It is just so transmissible and evades the vaccines and the prior immunity.
I really thought the COVID thing was over for me as after getting it 2020 plus having the vax I literally was with known COVID infected people like 12 times in 2021 including my entire family during the delta wave who I did not isolate from and never got reinfected. I think the notion that we are going to prevent the spread is a misnomer at this point there is no stopping it we will just need to live with it.
My folks just hit the Covid (80 year-old)
They recovered pretty well. They were vaxed.
Still think the vax lessens the sickness intensity.
JCer,
2 previous bouts of COVID in the household plus nonstop exposure during the omicron wave. Still got BA.5, all of us. It was already proven that BA.5 evades the original omicron antibodies. So the new vax due out Sept is essentially pointless. Same, 2 days for me and my daughter. 0 days of symptoms for son/wife. This thing mutates too fast to vax. Scientist for decades could eloquently explain why a vax against the common cold is impossible…this is no different.
Appreciate all the Covid advice. Still keeping the fingers crossed. Two more days and we should be in the clear for now.
August almost here already. My son’s soccer team starts training tonight at the Sandy Hook beach. Bringing a chair and some drinks to chill while they practice in the sand…
My dear old mom sounds like she is 100% recovered from Covid…Hopefully this will be the last one for a while
Soccer at the beach is the most tiring thing ever. Though, it’s an amazing lesson for handling goal kicks and goalie kicks.
Jim,
Go do your hw. Coin has a govt probe. She did the smart move. She let her ego go, and cut her position immediately. Should she have held?
Jim says:
July 27, 2022 at 3:59 pm
Juice Box says:
July 27, 2022 at 2:44 pm
Cathie Woods just sold nearly 1.41 million shares of Coinbase, $COIN, at all-time lows of $53. The average cost average that $ARKK purchased $COIN at was $254.65.
I’m with you, i was mocking the market in my posts.
Libturd says:
July 27, 2022 at 3:38 pm
3b,
The market reacted this way at the last fed increase. Stay cool. Tomorrow it could give it all back. Personally, I don’t think anything has changed.
If anything, looking at the mediocre earning reports as they come in, it appears the supply chain issue, which the local peanut brain is convinced is the root of all the inflation is not showing any signs of cracking.
I was also mocking the 3b types who thought the Fed would hike into 2024 and not pivot. Double digit mortgage rates in housing…get real.
Lib: Go crazy and throw in some Onion Rings!!
Yup.
“When you have companies reporting YoY declines as big as $META just did and not falling through the floor, we’re nowhere near the bottom.”
Traders now chatting about an inter meeting Fed increase in August; last time that happened was in 1994. Pivot my ass.
“I’ve been seeing this for over a year and listening to everyone clueless on real inflation and hysterical on the word transitory. The proper word was unsustainable but the Fed would have outed their own charade if they used it so instead transitory also true. Cpi from broken supply chains is higher prices and painful but still temporary. Even 2-3 years is temporary. Supply chains will be repaired. Food and energy different dynamic. Bifurcated at best.”
“Your statistics do not account for the fact that in the dark times literally tons of crime went unreported”
Were there many unreported murders in the dark times?
How many is “tons”?
And if they were unreported, how do you know how many there were?
How much crime goes unreported today? Pounds, kilograms, grzywnas….? ;)
https://www.disastercenter.com/crime/nycrime.htm
The Great Pumpkin says:
July 27, 2022 at 5:12 pm
Jim,
Go do your hw. Coin has a govt probe. She did the smart move. She let her ego go, and cut her position immediately. Should she have held?
She lost millions, and you still consider her smart, maybe you should reconsider your parameters, also companies like google, microsoft and facebook have also been under government scrutiny. Yet people keep investing in them, Cathie is a loser as are the people who support her. Shoe fits wear it.
Lol, Jim she lost tens of BILLIONS for her minions…
3b, no fucking chance of an inter- meeting hike… were these the same guys locked on 100bps for today? Dump them.
You have Jackson Hole in August. They’re grasping at straws (and maybe talking their offside books given recent moves?)
Left: I appreciate your view, but who knows. Talk can be cheap or spot on market wise. We shall see, but whatever happens, I don’t see a Fed pivot in 2023, if so it’s back to the races.
She is running a disruptive innovation fund. Aka high risk/high reward. It’s a tool, just like sark. Cathie is not an idiot, she has made more than you ever will. She has beat berkshire since 2014. So why so much hate? Instead, you want to focus on the top of the cycle and then bash her to no end during a Fed rate hike/tightening liquidity environment that’s trying to kill high growth to take down inflation. So what is your problem, dude? Do you hate successful women in the financial world? Like wtf? So much hate for her, it’s crazy.
Did you lose money with her or something?
“She lost millions, and you still consider her smart, maybe you should reconsider your parameters, also companies like google, microsoft and facebook have also been under government scrutiny. Yet people keep investing in them, Cathie is a loser as are the people who support her. Shoe fits wear it.”
I’m done saying my peace with cathie wood. Bash her all you want. She has been buying the chit out of DNA past 2 weeks. I’m not in her funds, and I find comfort that DNA is becoming one of her biggest convictions and positions. Says I am prob on the right side of my call with DNA. I feel like a tesla fan boi (2010-2020 era) of this decade. Think DNA eventually blows up just like Tesla did. So early to the game with DNA right now…such a new market to develop and grow.
Left: I trade/clear through LPL. We run an independent shop.
They are Charlotte/San Diego/Boston
The Great Pumpkin says:
July 27, 2022 at 6:54 pm
She is running a disruptive innovation fund. Aka high risk/high reward. It’s a tool, just like sark. Cathie is not an idiot, she has made more than you ever will. She has beat berkshire since 2014. So why so much hate? Instead, you want to focus on the top of the cycle and then bash her to no end during a Fed rate hike/tightening liquidity environment that’s trying to kill high growth to take down inflation. So what is your problem, dude? Do you hate successful women in the financial world? Like wtf? So much hate for her, it’s crazy.
Pumps, I know your not that dense , or maybe you are. She was innovative when she was buying coin@ 250, now she sells for a massive loss. Are you on drugs?? You may be an idiot troll….but really . I know you are not that ignorant, but I have been wrong before. You may just be a first class ass.
Takes a real man to admit they are wrong, so I guess we won’t hear that from you. Common sense??? Yet you teach our children, how pathetic.
Powell points to the lags of monetary policy: “These rate hikes have been large, and they’ve come quickly. And it’s likely that their full effect has not been felt by the economy so there’s probably some significant additional tightening in the pipeline.”
Jim,
I like the coin platform. I use it. It makes it easy for the avg individual to buy and sell crypto. So I’m just an avg, and if I like and choose this platform, coin has value. Now with the govt probe, who the f knows what happens. You know the govt can make or break a company. Big risk when the govt gets their greedy hands involved with said business.
And why are you attacking me? What’s your issue? I bust my ass for those kids, and here you are putting me down for whatever reason. Take a chill pill.
And is cathie perfect? Who the f’k is? Do you know how difficult it is to invest in disruptive tech? Are you serious with expectations of perfection? Get real. Show me a venture capitalist that hits every investment. Ill be waiting.
Cathie has a great track record. Stop chitting on it and acknowledge she is good at what she does.
Holy chit…real life Walter white. Just learned of him.
“John Buettner-Janusch (December 7, 1924 – July 2, 1992), often called “B-J”, was an American physical anthropologist who pioneered the application of molecular evolution methods, such as protein sequence comparison, to the field of primate evolution.[citation needed] He served as chairman of the New York University anthropology department before 1980, when he was sent to prison for turning his laboratory into a drug manufacturing operation. After his release, he attempted to poison the judge who presided over his first trial and was sent to prison a second time.[1]”
DNA
https://twitter.com/varro_analytics/status/1552429891941023744?s=21&t=ESSgdcnoFmAiy5K0i4opyg
DNA all day for me… feel like this is Tesla in the electric car market in 2011. DNA will lead this field and bring it mainstream by the end of this decade.
Maybe I should have came with this approach a long time ago since this blog understands the harm of H1b1.
This experiment with WFH will allow companies to bypass the H1B1 visa program…wake up. I’m trying to help. I’m not the enemy. Trying to help American white collar workers to what happens when you open up pandora’s box.
Just wake up, please, before it’s too late. Don’t let your ego get in the way of what will happen down the line. We lose our white collar jobs, and this country is beyond f’ed. You won’t have corporations paying commercial real estate taxes combined with a huge hit to earnings. It will make the Great Depression look like child’s play. Don’t give up our monopoly that created hubs like Silicon Valley, seattle, boston, and Austin.
Lmao…slime balls
WHITE HOUSE SPOKESPERSON: WE ARE NOT CURRENTLY IN A RECESSION OR A PRE-RECESSION
LGM!
Change?
Exclusive: Former Republicans and Democrats to form new third U.S. political party reut.rs/3PE4EBf
Yankees all day!
Closing on the highs – This is going to be a brutal rally. We will wait for more people to covert to the “new bull market” narrative. We have done the research and we know what regime we are in. We even know what stage of the regime we are in. Knowledge is power. $SPX $NDX
As a historian, it’s f’d. Wake up.
US-China relations are entering perilous period. A short thread. 1/
https://twitter.com/fravel/status/1552112627286941696?s=21&t=ESSgdcnoFmAiy5K0i4opyg
Think about it. We’re about to go through one of the biggest economic depressions since 1929. They’ll literally do ANYTHING to shift the blame for the crisis from their owners at the Federal Reserve to someone else. Their ability to blame Putin is waning, so they’re roping Xi in.
Also who knows, this could be an excuse for the US to start an all-out war for all we know, they might have decided that if we’re about to go through a depression, we might as well go for broke and try to defend US hegemony one last time before it completely disintegrates…
Are entering!? US-China relations have been in peril over the past decade at least. You should read Graham “war between the US & China in the decades ahead is NOT just possible, but much more likely than currently recognized”. The US has lost its hegemony in Asia, among other…
He knows his chit..
For my #CellEngineering space, I settled on 6 of 5 companies as I don’t have any that are disappointment me in this space except one. Sooner or later one will. Here is my current rank:
1. $SANA 5.02%
2. $DNA 3.62%
3. $IPSC 3.7%
4. $TWST 5.37%
5. $FATE 6.7%
6. $CRBU 2.53%
It’s very interesting the commercial hedgers are massively long equities with their largest position in Russell and they are massively short 10 year treasuries. I’m perplexed but did see this rally though still very bearish. I’m on your side against their side for the first time
The Great Pumpkin says:
July 27, 2022 at 10:27 pm
Yankees all day!
https://m.youtube.com/watch?v=gWzOX1BWyBY
Spent the day in Santa Monica & Venice.
https://youtu.be/dvC-8gL4h_Y
While some details of the reconciliation package are unclear, Manchin said in a statement that the bill will contain a minimum 15% tax on companies worth more than $1 billion and will also have investments in energy, which include nuclear, renewables and fossil fuels.
So, what we have here is a few more Solyndra scandals, an increase in cost passed on to you on top of goods/services that have skyrocketed in cost already and more regulations on energy production while China and India continue to pump out higher levels of carbon waste. This is a campaign ad at our expense and a huge a.nal pounding to the lower and so-called middle class. And then the left has the balls to call this “The Inflation Reduction Act”. They’re mocking you outright as corporations cut head count while raising prices and people will STILL vote for them.
If the government program that created Solyndra was so bad, why is the right not sighting other companies that failed under this program, but you knew the answer didn’t ya? Solar panel cost / efficiency improved dramatically under the same program. It’s a compendium of technologies that combined, will provide electricity in the future. No one magic bullet.
Inflation was supply driven. So you are suggesting that we should pollute on the same magnitude as China and India? Maybe the rising temp levels and melting ice caps are just part of a long term weather trend but given world population growth, probably not. 300 million window AC units over in India today, 40 years ago, not so much.