Parsad

Only in America, would this numbnutz be allowed to file charges against the player, Rams or NFL! What is the world coming to? Cheers! https://ca.sports.yahoo.com/news/santa-clara-police-protester-knocked-down-by-rams-players-on-monday-night-football-has-filed-an-assault-complaint-194450410.html

Inflation is going to fall just as fast as it rose. Terrific article: https://www.marketwatch.com/story/inflation-is-going-to-fall-just-as-fast-as-it-rose-and-thats-investors-cue-to-enter-the-stock-market-11665072070?siteid=yhoof2 Cheers!

You start to get an uptick before the recession and then the bulk of it occurs during and after the recession. We are seeing an uptick in people living paycheck to paycheck or now moving to credit cards. Many businesses impacted by the pandemic, that piled on debt, have little movement left with stretched balance sheets. But the bankruptcies and hopelessness come after the market indicates a recession is coming. The question is how bad that recession will be. I think it will be bad, but certainly nothing like 2008/2009. And that doesn't mean the markets aren't starting to throw up opportunities. This disconnect for the pundits is usually what ends up being the lag between when opportunities arrive, and when they freely can say "Oh yeah, we think you can buy stocks now again!" Is there room for downside...sure. Is there room for upside...sure. Should I wait until I see the bottom? No one can tell me when that will arrive! Cheers!

+1! Why can't you be articulate like this without the politics and cursing. Cheers!

Interest rates hikes tend to have a more obvious and immediate impact, thus why they get more of the headlines. Your mortgage rates rise, your HELOC rates rise, your credit card rates rise, the rate for the new car you are buying goes up, etc. Cheers!

I didn't see alot of pundits saying "sell, sell, sell" back in November. Today, the pundits are screaming "sell, sell, sell" after a 25% drop in the overall market, and a solid 60-90% drop in speculative areas. And I'm sure once markets have turned up a solid 20%-30% plus at some point, they will be screaming "buy, buy, buy!" Cheers!

Not cheap, but fairly priced. Cheers!

I have 9 stocks in my portfolio and none are anywhere near 18 times earnings other than GOOGL. And the overall portfolio's P/E would be about 11-12 including GOOGL. Cheers!

Yes! +1! Value stocks did very well during mid-2000-2002, while the market dropped overall. Very similar to what we are seeing today, except we also have a strong inflationary environment which is putting up headwinds to the overall market and bonds. But that won't be the case forever! Cheers!

https://www.morningstar.com/news/marketwatch/20221001265/we-are-in-deep-trouble-billionaire-investor-druckenmiller-believes-feds-monetary-tightening-will-push-the-economy-into-recession-in-2023 Druckenmiller believes in a likely hard landing, but he's not ruling out something different. Too many times investors speculate on what may or may not happen, instead of just buying when cheap and selling when dear. Don't pay attention to any of the pundits! Cheers!

I'm a firm believer that history is never the same, but may rhyme. So everyone fearing a Volker like environment is probably wrong. That doesn't mean we don't see higher rates than the last decade, but it also means that we aren't going to see a draconian attack on inflation. The economy needs to slow, not seize. Volker killed inflation, but he also killed the economy at the time. This is a healthy U.S. economy, but one that overheated. The current rash of rate hikes, and possibly a couple more, should have the necessary effect of cooling it, but not shutting it down. The numbers are finally starting to show that. Just like the FED was late to the party, we don't want them to overshoot either. There is a lag between when rates rise and the actual impact to the economy from producers, wholesalers, manufacturers and retail. The FED has often been late...think Greenspan's 12-15 rate cuts in the late 1990's and then sudden 15 consecutive rate hikes between 2000 and 2002. Or their ignorance of what was happening in 2007 and then desperate attempts to save the world in 2008/2009. This is no different. They should have started raising rates gradually a year earlier...you could see input costs rising and supply chain disruptions. Now they've been swinging fast and loose to catch up. Last November, no one was talking about rate hikes or a reset in asset prices. Today, they are panicking that it is the next Great Depression and the market bottom will never be reached. I don't know how this ends, but I know how it rhymes! Cheers!

It looks like things are starting to slowdown nicely...the FED should be careful how much they raise rates from here and how fast. I would imagine no more than a 50 basis point rate hike next and maybe even do a couple of 25 basis point hikes over a couple of months rather than at once. I think if they do this they will maintain a slow expansion...probably not 2% inflation, but acceptable levels of inflation and an economy still growing. Cheers! https://www.yahoo.com/news/u-manufacturing-activity-slowest-almost-140513525.html

Larry Summers isn't the only one warning: https://finance.yahoo.com/news/worse-damage-financial-crisis-2008-213208344.html That being said...this is totally self-inflicted...by all global nations. No one was saying, "Hey, let's pay the bill now! We don't need a decade of cheap money." Well, time to pay the piper...for all nations! Cheers!

Agree! Although Canada isn't positioned badly either other than housing. Now if the U.S. and Canada would only allow a little more investment in oil/gas and production/refining, both countries would be really well positioned for this environment...and self-sufficient to withstand some of the inflationary pressure. But no, we're not going to do that! That would make sense! Cheers!

Yes, I'm really interested to see if they've gone longer or are staying short-term...and how much are they putting into each duration. Cheers!

Equity/stock investments will fluctuate, but it will be nice to see how much recurring interest income they are generating now. They must have put more money into even higher yielding bonds. It will be interesting to see the insurance losses for the two storms and is insurance still powering through. Cheers!

I know some of you are hardcore fishermen. This guy has been cheating by putting lead weights into the fish he caught for competitions. The reaction from other fishermen, while warranted, is pretty funny! Cheers! https://ca.sports.yahoo.com/watch-angry-mob-anglers-assail-130154804.html

A changing of the guards as India starts to see manufacturing and services slowly shift from China to India? Cheers! https://finance.yahoo.com/news/china-5-trillion-rout-creates-010000495.html

Congress again cannot stop themselves from engorging in ill-gotten gains. Insider trading does not exist for them! Cheers! https://finance.yahoo.com/news/congress-misses-yet-another-deadline-to-rein-in-lawmakers-lucrative-stock-trades-205926295.html

https://www.yahoo.com/news/florida-reporter-wraps-mic-condom-003446955.html The act and explanation is funny enough, but go down to the "Comments" section where all the hilarity ensues! Cheers!

Nephew I believe. He's Sam A. Antar...the criminal CPA was Sam E. Antar. All shitbags! Cheers!

That's nuts! And are they going to be paying taxes on that 40% additional income? Cheers!

When I was a kid, restaurants (even McDonalds or A&W) were a treat for us. Full-service restaurant dining was a once a month (if that) experience...usually only on special occasions. Today, I take my niece and nephew out to Whitespot probably once a week, plus a fancy dinner at least twice a month. It's still nice, but loses some of the cachet of that "special occasion" experience. The food tastes better if you go less. Then you have things like DoorDash or Ubereats...now you don't even have to leave your house to spend a small fortune on fancy dining. They'll send it to you house cold and in plastic containers at any time with a ton of additional fees...so much for saving the planet! Cheers!

Don't forget the inflation on tipping now too! Frickin' starts at 18% and 20% is normal now. What do you tip for bad service? 15%. Sheesh! Cheers!

Not straight line. FFH has about $56B of insurance portfolio assets...so a $600M hit would be around 2%. BRK has about $450B in insurance portfolio assets...so a $3.6B hit would be around 0.8%. FFH could withstand a 9.0 earthquake in Los Angeles and a 50% drop in the stock market in the same year. BRK could withstand losses even greater than that. Cheers!