gfp

The exact same mechanism for every single native born renter in the country. Jesus man.

Wow, yeah that is a horrible answer.

The thing about economies is that more is more and less is less. If you have a larger economy with more people producing, consuming, creating, moving, eating, sheltering, and, yes, even convalescing, you have more. Decisions to hand out money or services or bus immigrants to a high cost city they would not have gone to themselves based on market forces are completely separate policy decisions. They can be stupid or wrong and probably are. They are separate decisions. An illegal Honduran immigrant just knocked on my door because they needed a key to my neighbors house. They have children attending public school for free. They also pay rent that directly funds the property taxes that fund the school their kids go to. Some of their pay goes back to Honduras as remittances and leaves our country (bad for us). They also pay sales tax on the rest of their income because 100% of what is not remitted to Honduras is spent in the local economy. So they are directly funding city government through property taxes and sales tax. They receive no free money or services, they are here illegally. No hand-outs unless you think the fire department and school that they are funding are hand-outs. I would prefer if they also paid income tax but that is a policy I do not control. One of the best "features" of immigrants is that they will move around in response to market forces to meet the needs of the economy much more than native born workers. They are not going to sit in the rust belt doing nothing waiting for some long-gone economic paradigm to return because that is what and where they used to do it.

Right. So everything you are saying is causing a problem is about policy and the social safety net, giving free stuff and services to immigrants and locals. Not what I am talking about, which is immigration being positive for the economy. I'm not debating you on the policies above, those sound problematic. Immigration isn't the issue - those policies are.

There is work for everyone, including immigrants. Not working is a choice. The price of labor is not suggesting we are near a problem like you describe. I'll take more hard working immigrants over the unskilled American currently choosing not to work.

Well you wouldn't get thrown out of my class

So... not a fan of truflation got it!

Immigration might be a drag on certain state and local economies but it is a positive for the national economy. Especially when you have labor shortages, low birth rates, undesirable demographic issues.

My biggest forward looking concern about inflation is a Trump presidency. Trade wars, tariffs, deglobalization, tighter immigration. I would add replacing Jay Powell if I thought the Federal Reserve had anything to do with inflation.

Bro, it's mission accomplished

(re: APD) - my friend works for their division that makes huge heat exchangers for LNG facilities down in Florida and that division is just killing it. Unfortunately it is a small part of the overall company. That division will build a lot of hydrogen infrastructure as well, but today it is primarily LNG.

Thanks for the post wondering. I am just a basic American know-nothing but I shared your post with my much smarter friend from Kerala and this was his reply: ------------------ I agree 100% about the standard of the airport. I had a chance to see it while I was there a year ago, and I was mindblown that this is an Indian airport. The new airports in Mumbai and Delhi are also apparently world-class, but I didn't see them, so i have to take the word of a 100mn people for it BJP will rule for the next +20 years for sure. They have a lot going for them. They are nowhere as corrupt, they have an understanding of the majority of the population, especially the Hindi-speaking, north Indian belt. They have a cadre system tied to the Hindu society that trains them young, and they are very active in rural India, college unions, temples, etc. The only other party that has anything similar is the Communist Party which is only relevant in 2 states. They have proper organization and structure for absorbing anyone, including from your opponents, with clarity about their future, and a way up. They are very intentional about avoiding bureaucracy and nepotism, which is hard to avoid in a developing country like India. Indian political system has always been rigged, but that does not mean the elections. For the first 60 years after Independence, it was rigged in the favour of the Indian National Congress, and now BJP has "unrigged" the system through several acts like demonetization - which hampered the black money funding that INC used to benefit from. In the absence of an official lobbying system like in the US, all funding is under the table. In addition, political power used to be exerted by goondas or criminals. Even religious minority groups used to be funded in the name of secularism but were criminal organizations for INC's benefit. Those groups have been dismantled by several goonda acts. The Kashmir/ Pakistan border was a contentious issue with such groups standing in the way of any development/ changes. BJP enabled the police/ army to dismantle such groups, flirting with human rights issues. Previous Indian political parties used to play politics with religion, favoring one over another to create divisions and also use them for votes. BJP is the party of the right, and transparent about what they are. They maintain that India is a country of Hindus as the name suggests (Hindustan) and the others are welcome. Previously, we used to call the country secular, as in the constitution. But, I also think most of the population were never of this belief, nor will be. This was only an idea among socialist elites who ran the country till India opened up the economy in the 1990s. None of this is surprising including what his Indian colleagues said. BJP has a much smaller presence in South India where Bangalore is situated as well. We have 6 different states speaking 6 different languages, who think their cultures are way different than northern Indians'. As I said very different from the Hindi-speaking belt. But they don't form a majority. All these states have different parties ruling them, who can't get along with each other, and hence a fractured opposition. The main reason why the BJP will rule for another 20 years is the absence of leadership, strong opposition, or a semblance of a nationwide structure/ organization that can build something to beat them. Modi and the leadership of the BJP are quite selfless in prioritizing the party, Hinduism, and the country in that order. People respect that and the lack of corruption and nepotism which the INC was notorious for. INC leader - leader of the opposition is the grand grandson of the first Prime Minister. Every generation in that family has gone on to become the Prime Minister. Most people have had enough. -------------------

These days he would call Greg not Warren. In the zirp years they might have just used a bank line but I think Omaha has been clear that they would prefer the subs come to BRK for cash instead of using high rate bank financing. Greg is the guy all of these CEOs are dealing with (except Ajit). I think he's doing a good job but not everyone is sold on the Greg Abel show.

Thanks for posting the article. Strange that they would say this out loud (I'm sure not uncommon but probably illegal) - "Forest River and Starcraft agreed to stop making school buses in 2020, when it acquired REV Group’s competing shuttle bus business."

Yeah, the Eurozone is now 5 consecutive quarters of essentially zero economic growth. But it's not a recession. Technically

No way!

I mean he does make it easy to tease him since he is also actively recruiting initial investors for his proposed macro hedge fund on twitter (don't think that would be legal over here in the states, no?). But Alfonso isn't so bad, he is correct about QT being completely sterilized and ineffective. (QE was basically pointless as well, although it probably tightened MBS spreads somewhat). But you are right, these guys on twitter all have something to sell ya. Except Bill (wabuffo)! Who gives away his best stuff for free

I'm not sure they need to replace Charlie's seat on the board. He wasn't an independent director and they already have two other vice chairmen. They can take their time if they do intend to nominate someone.

Just to make sure I have this right, the approximate market cap of this company is something like $314m USD ?

good post sweet - lots of wisdom here

More out with the old at Pilot - https://www.reuters.com/business/pilot-energy-business-president-marketing-chief-out-shakeup-2024-01-30/

I'm curious what the idea is here. Is your thesis that the pipeline that transports oil from kurdistan to turkey will be reopened sometime soon or what?

Yeah, Interactive Brokers lists it as LSE, it doesn't appear to be difficult to transact in. Anyone that can execute trades on the LSE should be able to buy some. Or you could try the US OTC listed GUKYF if you can't get access to the LSE. I don't think you are going to find call options, LEAPS or otherwise. Be careful...

Interactive brokers seems to let me trade GKP in London with no problem, but obviously the market is closed so I don't know for sure. I am not in Canada though. Have you tried to place an order for the somewhat illiquid unsponsored ADR, ticker GUKYF on the US OTC markets? I don't think you will find listed options on this company but I'm not an expert in London market options.

Just to be clear, the ticker of the investment you are trying to make is GKP in London? Or that was just an example and you want to buy something more obscure?