fareastwarriors

More money than sense?

Homebuyers Are Heading to Florida During Covid, But Nearly As Many Are Moving Out Thanks to hurricanes, heat and red-hot home prices, the state’s population growth hit its lowest rate since 2014 during the pandemic https://www.wsj.com/articles/people-moving-to-florida-during-covid-11615463911?mod=hp_featst_pos3

Whoa TSLA.... I added some INDT on Friyay.

I helped bring a bunch of my relatives (5 thus far) to get their first shots this week at CVS. Different stores had slightly different procedures... I got my first shot through a government run drive-through site. 4 more later this week and next with other relatives. Everyone is doing well!

AVAN at 10 Braggart ;) Hahaha! I forgot I had a limit order outstanding. :)

More INDT at high 50s

AVAN at 10

More INDT

a bit more INDT

Bunch of over 65 relatives have shots scheduled over next week or so at CVS. CVS had the most availability. Even I am eligible (30s but food-related worker) now, but I have to find an appointment at government site first. My insurance Kaiser and CVS are still taking only 65+ and healthcare workers.

INDT, the volume is still so small.

What would be so bad about that? I rather Central Bank's focus on the real economy and less on boosting financial assets. If main street is doing well with higher wages, better quality of life, and less inequity while stock markets are going down, I'm perfectly okay with that. But we don't really see that anymore. We can't withstand prolonged pain in the financial markets anymore. After some signs of distress, CB's come in with their massive rate cuts and QE infinity.

I am currently reading the book Studies in Hyperinflation and Stabilization http://www.centerforfinancialstability.org/hyperinflation.php which is a collection of oldish papers examining different hyperinflations which have happened through time. The first lesson they state (page xxii) is that "We, like others, have identified the cause of hyperinflation as the substitution of [money creation] for the tax financing of government expenditures" (i.e. when instead of raising taxes to finance government spending the central bank just prints). Now not wanting to dive into politics too much, but I think its safe to say in the US/Canada at this point there is very little appetite for the type of tax increases that would be necessary to fund the type of deficits of the past year, and are expected for the coming years. As well, the politically easy type of taxes that may be implemented (i.e. wealth taxes, tax on high income earners) will not end up generating that much revenue. With this in mind it is very easy to imagine a high inflation scenario (maybe not hyperinflation, but higher than most of us would have experienced in our lifetimes) over the next decade or so, the government keeps printing because it is the easy thing to do. Seems like to me, there is major room for improvement to collect What is currently Owed without even changing rates or adding more taxes: In fiscal year 2020, the government’s net outlays for interest totaled $345 billion, equal to 1.6 percent of gross domestic product (GDP) and accounting for 5.3 percent of total spending. https://www.cbo.gov/publication/56910#_idTextAnchor001

Square buys $170 million worth of bitcoin The company said it purchased approximately 3,318 bitcoins, expanding on its Oct. 2020 purchase of 4,709 bitcoins. https://www.cnbc.com/2021/02/23/square-buys-170-million-worth-of-bitcoin.html

Thanks for sharing your thought process. Congrats on some (quick) nice gains.

It's not down That much. I'm thinking in your thesis, you're expecting a much bigger drop.

Bitcoin ETF Roars in Debut With $165 Million of Trading Volume Purpose Bitcoin ETF, ticker BTCC, debuted in Toronto Thursday Largest cryptocurrency has surged fivefold in the past year https://www.bloomberg.com/news/articles/2021-02-18/first-bitcoin-etf-in-north-america-sees-raging-interest-in-debut

BRK.B I like the stock.

Works fine for me.

Love it. "I like the stock."

Banned? I just don't have enough Karma to post but I still have access.

Finished the 2nd!

You also have to consider that the US government has said they will be sending out $1400 and possibly giving $3000+ per child in the next year. For a family of 4 that could be 1400x4=5600 + 6000 = $11,600. Fed has said it wont raise rates till 2023. That could keep the market going into next year. I need to make more babies Yeah, not worth it lol

Why? Why now?