mcliu

LOL about time, Inverse Cramer will be a real winner. Someone also needs to make a Nancy Pelosi ETF.

Thanks. Looks like it's just image compression. There's been many Ukrainian soldiers with Nazi symbols, good to know that at least the Generals aren't Nazis.

edit: Looks like General was wearing a swastika bracelet, but just a result of image compression.

This Hitler analogy is absurd. Putin's wars: Chechnya 1990s to prevent Chechen independence Georgia 2000s to prevent Georgia from joining NATO Ukraine 2020 to prevent Ukraine from joining NATO The fact is the US has invaded many more countries over this period and killed far more civilians.

I think rail is a great business but returns will not be as good as the last two decade because 1) starting valuation was low as market under-appreciated the efficiency gains from PSR 2) further gains from PSR has slowed as it becomes industry standards 3) current multiples are much higher and you won't get additional returns from multiple expansion.

If Russia decides to nuke Ukraine what's the appropriate Western response? Nuke Moscow? Are we willing to risk mutually assured destruction over Ukraine?

https://www.bloomberg.com/news/articles/2022-09-15/patagonia-billionaire-who-gave-up-company-skirts-700-million-tax-hit Is this really about philanthropy or just billionaire estate planning and tax avoidance in a way that's also virtue-signalling? Still, the moves mean Chouinard won’t have to pay the federal capital gains taxes he would have owed had he sold the company, an option he said was under consideration. On a $3 billion sale, that bill could be more than $700 million. It also helps Chouinard avoid the US estate and gift tax, which is a 40% levy on large fortunes when they’re transferred to heirs.

It's interesting that the West does not provide weapons to Armenia since it is a democratic country being invaded by an autocracy. Aren't there parallels between the Armenia-Azerbaijan and Ukraine-Russia conflicts? And if the proxy war in Ukraine is about defending democracy, why is EU partnering with Azerbaijan? https://www.politico.eu/article/the-eu-azerbaijan-gas-deal-is-a-repeat-mistake/

Core CPI as per BLS. There is a clear shift in the last 2 years. The question is if this continues or reverses back to 2012-2019 levels.

https://www.wsj.com/articles/europe-manufacturers-factories-russia-gas-11662938614?mod=mhp Europe entering a vicious inflation spiral unless they can solve their energy problem quickly.

Huge turning point in this conflict. The question is if this will lead to a Russian withdrawal or greater escalation and WW3.

Fyi, since most ppl aren't aware of this, in Canada we don't use the term eskimo, since it's kinda racist. https://globalnews.ca/news/2366689/expert-says-meat-eater-name-eskimo-an-offensive-term-placed-on-inuit/ https://en.wikipedia.org/wiki/Eskimo Eskimo (/ˈɛskɪmoʊ/) is an exonym used to refer to two closely related Indigenous peoples: the Inuit (including the Native Alaskan Iñupiat, the Greenlandic Inuit, and the Canadian Inuit) and the Yupik (or Yuit) of eastern Siberia and Alaska. Many Inuit, Yupik, Aleut and other individuals consider the term Eskimo to be unacceptable and even pejorative. The governments in Canada[4][5][6] and the United States[7][8] have made moves to cease using the term Eskimo in official documents, but it has not been eliminated, as the word is in some places written into tribal, and therefore national, legal terminology.[9] Canada officially uses the term Inuit to describe the indigenous Canadian people who are living in the country's northern sectors and are not First Nations or Métis.[4][5][10][11] The United States government legally uses Alaska Native[8] for Native Alaskans including the Yupik, Inuit, and Aleut, but also for non-Eskimo Native Alaskans including the Tlingit, the Haida, the Eyak, and the Tsimshian, in addition to at least nine separate northern Athabaskan/Denepeoples.

This situation is prevalent in Canada too. ex. In the Toronto region (7m population) average SFH price ($1.3M) vs median household income (70k). Massive disconnect. Many millennials are moving away from Toronto, especially as they form families. Smaller towns/cities are more affordable but lack career opportunities.. Catch-22 for young people.

https://www.reuters.com/business/energy/wide-demand-reduction-only-feasible-solution-europe-energy-crisis-equinor-2022-09-06/ Margin calls in Europe exceed 1.5 trillion euros - Equinor exec Maybe stagflation might is the best possible outcome for Europe. Worse might be depression or economic collapse.

I think currency deprecation is measured against real assets like real estate/gold not against other fiat currencies.. Europe seems to be entering stagflation period due to lack of energy hence the weak currency vs US.

FYI: Canada probably has the cheapest natural gas in the world right now. AECO even turned negative for a few days in August.

Insane escalate. Why antagonize 1.5 billion Chinese people.. Feeds right into Chinese propaganda that the West is trying to hold it back like during the Opium wars.

China has numerous problems, but so does every country. These China analysts keep failing because they only focus on the problems but miss the big picture. If anything, it's the Western governments that are failing its constituents by failing to provide quality education and infrastructure. Luckily, we can rely on the private sector for some of the shortcomings but private sector can't do it all. Education: Infrastructure:

https://www.reuters.com/markets/europe/forget-showering-its-eat-or-heat-shocked-europeans-hit-by-energy-crisis-2022-08-26/ Stagflation

Aren't these Fathom Consulting guys China perma-bears?

Suburbanization is largely an American phenomenon though. Many people prefer living in denser communities and be walking distance to shops/groceries instead of driving everywhere. I think many upper-middle class Chinese that reside in cities own cottages/country houses in the rural areas outside of the cities, typically the villages that their families were originally from.

I think that's true. Probably why Japan also do not have many immigrants. There is a term for returning Chinese, it's a significant #: https://en.wikipedia.org/wiki/Haigui I think the lifestyle of the middle/upper-middle class in China is better than the lower/lower-middle class in America, so there's less incentive to emigrate and start-over.

It’s CapIQ, kinda expensive for at personal use though.

The US has no problem doing business with authoritarian regimes. Biden just went to Saudi Arabia. If anything they are far more repressive than China, especially towards women. US is fine with manufacturing pivoting from China to Vietnam, another communist authoritarian regime. Plenty of examples throughout history of the US allying with dictatorships to further its self-interests. The problem with China today is not so much it's model of government but that it's powerful enough to challenge US dominance.

The US is a superpower but it's no longer the only superpower. Policy needs to adapt to reality.