crs223

When this downturn is added to that chart, what will the Reason end up being: A) Everything Bubble Popped B) Fed hiked to 1.75% C) WWIII D) Inflation Returns E) Everything is fine, not sure why you dumbasses are all freaked out F) [your idea here] I added (E) for @Gregmal

Savers are not entitled to returns. Savers are morons. Renters are morons. We are all much smarter and more successful than they are. Savers and renters may cry or complain but none of us nor the Fed cares about them. My point is: the Fed did not expertly navigate a tightrope. All they did was hand over a bunch of printed money to the balance sheets of non-savers.

I agree savers and renters were destroyed. That is why I disagree that the Fed “walked a tightrope”.

They bought $8T of financial assets with printed money in a deflationary environment. Some would say they did a poor job with the tightrope part - which only started last fall.

How much did AAPL drop when Steve Jobs died?

Even if BRK has already hired someone better than WEB, I just can't see that person getting recognized (either socially or with the keys to the kingdom) until after WEB is gone. Who was second-best at Apple when Steve Jobs was alive? These are huge shoes to fill... WEB is the best in the world. Expect to be disappointed. WEB said during a recent meeting that having Ted and Todd talk at the ASM is dumb. Like Iran bringing their nuclear researchers to a press conference. WEB says he is happy with the successors. I doubt we get any more than that.

I cannot find a proper resolution of this chart from 2004, but it shows the something similar. It was trying to show that those long stretches without growth are to bring the P/E ratio back down.

Thank you for sharing. Why no BRK? Figured it would be in your top ten since you named the friggin website after it!

fewer abortions => bigger labor pool => lower inflation

I feel no sympathy for the folks who have to buy a home with CPI at 11% and FF rate at 2%.

In your model, when is raising rates is not “absolute worst thing to do”? If I am going to base my rate hike decision only on home prices, I would be more likely to raise at an all time high. I would think that raising rates in a housing depression would be “absolute worst”.

How do low rates help the lower class? How do low rates help the upper class? I imagine you could make a career out of trying to answer those questions... in a system as complex as our economy it would probably require A/B testing in parallel-but-otherwise-identical universes.

just because WEB thought BRK was undervalued at $300 last December doesn’t mean WEB thinks BRK is undervalued at $270 now. That said I hope WEB sees it as undervalued because I’m buying now… and I hope it continues to drop.

@stahleypwhat evidence do you have that he is not a good thinker? Thank you!

@bookie71How do you know when the correction is complete? Thank you!

Now that the Fed is not printing handing money to everyone... my hope is that some big elephants will come along needing cash on bad terms *cough* OXY

WEB is not going to buy just because prices are lower. During the GFC he said something like "Yeah BRK share price dropped a bunch -- but that was because the underlying value was indeed lower". The most obvious example of this was WEB selling the airlines during the COVID panic. We'll see -- maybe he's a net seller of now-poor businesses. Either way I don't care... I just trust that he and the boys know what they're doing.

What “non rational financial decisions” do you think people will make when they find their home value has gone from $800k to $1.2M and back to $1.0M?

There is too much money chasing too few goods. This imbalance can be resolved by reducing money or adding goods. The energy industry is stepping up to the plate. Not by adding goods (you're right they can't) -- but by sucking up money -- something perhaps the Fed should be doing.

that is a great point. The “economy” is begging for more workers and/or reduced demand. If the Fed’s not going to do it… energy will. hold my beer!

So does DogeCoin. And BitchCoin. And BitchCoin Classic.

China's Alibaba to invest $15.5 bln for "common prosperity" Biden tells oil companies in letter ‘well above normal’ refinery profit margins are ‘not acceptable’

What my coworkers say: buy the dip, ticker XXX is 30% off, never seen a bear market last more than 6 months What I wish they were saying: market is rigged, little guy can’t win

What's the thing that everyone is predicting? Interest rates are going up?