crs223

This is what Biden is afraid of:

what did he mean when he said fannie/freddie were going arrange that you can take out a second mortgage but still keep your low COVID rate in your first mortgage?

Why would you invest in a high risk bond when you can invest in a low risk bond?

After reading Warren’s letter I was left with the impression that we (BRK) are simply at the mercy of California/Oregon juries and regulators. I loved hearing Greg (the bulldog) put the states on notice: we’re just gonna start shutting everything down when fire risks rise. And if you want us to add more capacity you can go fuck yourselves.

Among all the hysteria that China doesn't respect ownership rights… here comes Uncle Sam forcing Byte Dance to sell TikTok!

I don’t think this is a question at all. You’ve seen it play out. CCP kidnapped Alibaba’s founder, took an “golden share”, and levied a $3B fine (about 1% of market cap). A few years later Alibaba is allowed to pay a dividend and buy back shares.

What are some things that Chinese people don't know?

starting a basket of melting ice cubes: bought BTI. Maybe SIRI is next..???

true, but i’m not sure they were really trying to inflict damage. normally you don’t telegraph your intentions a week in advance. Iran did the same thing to US bases after Solemani. If there was any damage inflicted yesterday it was Israel exposing more of their air defense capabilities, which presumably they want to keep secret.

How Banks Work

I’ve been seeing news reports that chinese are illegally entering US via mexico. Chinese prospects not looking good right now.

The blockade will force China to develop their own chips and strengthen China. That was your thought a few months ago.

If the Fed unwound its balance sheet back to 2007 levels, would that impact the stock market? Im no economist, but I would guess that such an action would at minimum increase interest rates, which would cause stock prices to adjust to revise a competitive earnings yield.

The CCP identified a housing bubble and intentionally popped it. The fact that CCP hasn’t pulled out the monetary or fiscal bazooka (or some other hair-brained hack) tells us that they are fine with the way this is playing out. This is entertaining… blow up an obvious bubble and let the market sort it all out. In my lifetime these problems have always been “handled” by the Central Planners in DC

Someone on this thread said that leftover assets (after liquidation) is not zero and is/will be stolen from bond holders. I would like to educate myself so i can make the same claim. Can someone explain (or link to) the theft?

According to yahoo finance, BABA is paying out 18% of earnings as a dividend (1/5.44)

How “remaining assets” were there? Who received them instead?

The irony is: Screaming about "China will fail" would only happen if there was a clear path for China to succeed. If China were clearly going to fail (e.g. North Korea or Zimbabwe) there would be no discussion. Remember in the early 80s when Japanese cars came onto the market -- GM was screaming the whole way about unfair trade practices, currency manipulation, and low quality. Soon Toyota became number 1. Screaming only happens when there is a threat.

But what are the reasons people are fleeing the country? I don't believe it's all about banning girly-men, organ harvesting, and jobs/money. There must be something more fundamental.

Luca: why do people want to flee China?

Summary: people are trying to get the hell out of China — with their money of course. Not sure who is “China Observer”, but this story agrees with my uninformed bias, so I assume it’s true (ha!). Apparently a bunch of BABA execs have “settled” to Singapore (12:45).

... and IKEA

RIP Charlie. How sad that all that knowledge just disappears.

Doesn’t CCP know that these problems can be solved by distributing printed money (“liquidity”) to troubled institutions? Xi: I’m available to consult if you want to do it “Bernanke Style”!

Happy Thanksgiving everyone -- I'm thankful for the wonderful education I've received on this site over the past couple of years! Spek: looks great! ... are those ... mini marshmallows? Lucky! Tritip on the weber kettle at our house... turkey scares me!