Gamecock-YT

What was the end game of housing in 07/08? It gets cheap enough that someone buys it and sits on it until the trend turns and companies start wanting CRE again. I think back to Dan Gilbert buying a bunch of buildings in downtown Detroit after the GFC, eventually it was revitalized and became a trendy place to be. As always, it's just about getting the timing right. But talking about residential conversions, if things get bad enough then I think you'll see the feds and local governments incentivizing conversions. Same as it ever was.

Must be really needing to hype up this bond issuance

Two of the companies own FamilyMart and Lawson’s. Could see uncle warren enjoying some famichiki.

https://archive.md/G8MZu https://flightaware.com/live/flight/N177QS/history/20230409/2140Z/KOMA/RJTT If I was a 92 year old I wouldn't be flying 12 hours across the pacific and dealing with the jet-lag unless I had a good reason. Granted having 1 of 3 Netjet Global 7500s doesn't hurt.

zerohedge is good but you have to filter out anything that is authored by anyone but themselves and specific to financial info. much more deeper in the weeds of finance info than you're going to reliably get from FT or WSJ.

I've been doing well in a different sport using something similar. There are plenty of blind spots that could cause you problems. Injuries being the big one. But I was winning so consistently I had to start increasing the bet sizes. A lot of work though. Plus always the prospect that if you do well enough that people aren't going to want to take your business.

ditto. The amount of black boxes that people high up weren’t even aware of would be pretty shocking to most people.

As someone that used to send reports like these in, I can assure you the CFO and/or his assistant don't get anywhere close to these reports. And in the past when there have been errors, it's usually not the FRB/FDIC catching the errors, it's a few quarters down the road that the bank identifies and self-reports.

All BB&T management is gone, it's all Suntrust executives now. It's up for you to decide if that's a positive or a negative. I don't have a high opinion of them. Also you guys that are factoring in EWS as a factor in making investing decisions. It's literally a rounding error, even among the banks' other equity investment positions.

Belly Up by Phillip L. Zweig is another good Penn Central book.

You know things are screwed when the president has to give comments on the banking system.

Roku had 26% of their cash disappear overnight. You don't think if we get a few more bank failures this week that companies aren't going to want to get more liquid?

I wonder if we see another couple of banks get taken down next week if companies start tapping their revolvers to insure they have ample liquidity. Would be the start of a vicious circle for the banking system.

Will be interesting they shuffled a lot of the old guard after the pandemic. CFO is new, also of note the Treasurer that instituted the strategy is out of the role as well.

Bank of America during the pandemic.

How many tech companies working the weekend trying to raise capital? These guys almost blew up during the last tech bubble. Had recently been doing rapid expansion. Had opened an east coast office and also had an office in Phoenix. They at one point had recruited me for a job. Talk about dodging a bullet!

Think their ad campaign by Peggy Olson did them in.

His brother is also purchasing the Nashville Predators hockey team in a slow series of investments that will see him become the sole owner.

Ignore it being Sky News but Michael Clarke has done an incredibly job analyzing the nuances of the war, did an hour long Q&A (just skip over anything that isn't him talking). Learning something new every time he speaks.

they're called mergent manuals now. have a database called mergent online. not sure if it's the same but similar in type

Australia is in a similar boat. 23% of households will be getting mortgage rates resetting by roughly a 2% increase in Q2 and Q3. They're already have one of the highest household debt in the world.

(Reuters) - The Biden administration said on Monday it is selling 26 million barrels of crude oil from the Strategic Petroleum Reserve, a release that had been mandated by Congress in previous years. https://www.reuters.com/article/usa-oil-reserve/update-2-u-s-to-sell-26-mln-bbls-of-oil-reserves-as-mandated-by-congress-idINL1N34T23T purely coincidence, i'm sure..... Might make a nice buying opportunity if WTI gets low enough. Also, energy related Ineos announced they having funding secure to build a new cracker 3.5 billion euros. Guess those crack spreads were just too hard to resist. https://www.ineos.com/news/ineos-group/ineos-secures-3.5-billion-financing-for-project-one---the-greenest-cracker-in-europe/

Yeah, when the consensus is 'mild recession', you can count on it being something else. Plus have you ever heard someone in the public domain prognosticate we're going to have a bad recession?

"Mild Recession" is the new "Transitory"

Traveling - gets you out of your comfort zone, exposes you to new perspectives, different types of cultures, religions, foods, etc.