Blake Hampton

And Musk now has access to the treasury. This is unprecedented: DOGE Gains Access to Payment System Doling Out Trillions to Americans - WSJ Elon Musk’s Team Now Has Access to Treasury’s Payments System - NYT

By all means, please let us in on the real issue

Only 43 pounds of Fentanyl were caught at the northern border in all of 2024. 43. Pounds. Some of you have no idea what you're talking about.

Canada is one of our closest allies you morons

OXY is nearing $45 a share again.

Oil

I did. What do you expect him to do, talk bad about our fascist leader?

I can tell you for a fact that Jamie thinks this guy is a sleeze-ball.

Our country has needed to solve the trade deficit for a long time. By being left unaddressed for 30+ years, we've essentially given away our nation's wealth. This is reflected in our country's net investment position, which is currently sitting at an all-time low of approximately -$23.6 trillion (International Investment Position). However, Trump's current plans are not how you correctly solve this problem. Starting trade wars with allies whose net deficit with you is very close to zero is stupid. Implementing tariffs on two countries that deliver you a quarter of your total oil consumption is stupid. Exempting individual companies from tariffs, such as Apple, just because the CEO will come to Mar-a-Lago and lick your nuts is stupid. The only applicable solution I've ever seen offered was of course written by Warren Buffett in 2003: Warren Buffett: Here’s How I Would Solve the Trade Problem. The fact that Congress has never taken the time to really listen to this man is astounding to me, and the citizenry of our country are the ones who will have to pay for it in the future. Cheers?!

Every single aspect of this is full-blown stupid. If it goes through, expect inflation.

You people are part of a cult.

"If you told me you owned all the bitcoin in the world and you offered it to me for $25, I wouldn't take it." - Warren Buffett "Bitcoin is worthless, artificial gold." - Charlie Munger “As an asset class, you’re not producing anything and so you shouldn’t expect it to go up. It’s kind of a pure ‘greater fool theory' type of investment.” - Bill Gates

Corner of Bitcoin & Fartcoin

Who gives a fuck?

I was still thinking about your reply, and I do see your point. I do think companies can run themselves in a way where their book value soon becomes a meaningless figure. However, I also believe that book value has a place in measuring a company's returns relative to its employed equity. It's one of the most important questions in investing: how much money does it take to make more money? It would be generally more accurate, I think, if you were to use tangible equity instead of book so as to exclude intangibles, but the premise is still the same. I also think that companies with negative P/Bs generally carry a lot of debt, which I of course never like.

Just btw, if any of you haven’t happened to use AI yet, you should really give it a go. I’m just trying to figure out whether I should shift away from ChatGPT to Gemini. I honestly respect Google more than OpenAI, as I don’t really like Altman.

Just something of interest: Chatbot Arena LLM Leaderboard There’s only one open-source model on that list…

Just a week ago, most people would've said that no price was too high for this stuff. I feel like very few people actually have a handle on what's happening with AI.

But when do you decide to get out?

Also, just because we disagree about something doesn’t mean I didn’t read or consider what you said. It just means I think you're wrong.

While these two factors can end up influencing each other, inflation and government deficits are not the same thing. Simply increasing our government's interest expense on its debt wouldn't itself cause inflation, though it could if it were to somehow become cash. This could happen through a bond auction failure, liquidity crisis in treasury markets, or just straight up money printing to fund the government. The Fed is an independent entity and they have only two mandates: Full employment and price stability. And that's it. They don't have any mandate that says to cater to the government's budget pitfalls. This is not true. QE most definitely lowered long-term rates as there is now HUGE additional demand for long-term treasury securities. This had incredibly stimulative effects in the credit markets and also lowered the discount rate for every asset. When nearly your entire economy is powered by consumer spending, I'm sure the wealth effect has a strong impact on business generally. They create new money every single time they buy an asset. All of the liabilities of the Fed are base money. Now if they come into the picture as reserves and banks decide against lending it out, then it may never reach the system. But that is still in-effect money creation.

What is the role of the Federal Reserve in handling inflation then gfp?

I guess my general thesis is that inflation is looming and that the Fed can either get control of it or they can't. If they can't: Oil and real estate And if they can: Cash Anything that doesn't seem to be completely essential turns me off. It can't get any more essential than fuel and housing.

I’d also be interested in residential real estate if I could get a mortgage to be smaller as a percentage of my wealth. I think the terms for that type of debt are really good, I just don’t want to over-leverage. Prices for good homes are also quite modest where I live (3-4x median household income).

and cash.