gfp

At this point, if your meeting goes better than Zelenskyy's it is a win

Back at twenty dollars baby

You've got to admit - the new POTUS really has a way with understated class and style. Stealth wealth for the win

Where did you see the news about the sale / leaseback on the real estate? The only thing I saw was quoted above "still owns real estate with a current value in excess of our purchase price." I don't doubt they did it, I just haven't seen anything about it

presumably there were earnings being earned

Why would a 100% owned subsidiary be marked to zero? This is not equity method accounted. I'm sure it isn't marked at a lot but I don't know why you would assume zero.

Welcome to permitting in the brave new world we live in. I miss the old days where I would literally "buy the inspector lunch"... So damn efficient. What were the fees to close that loan? I'll bet the all-in effective cost is more than 9.99 - 12% !

"I was surprised he was appointed" You can't make this shit up! Endless entertainment

Maybe Trump is actually smarter than we think and he believes pouring highly regressive fiscal stimulus into the economy (but primarily to recipients like Berkshire and JPM, not evenly) is the bigger policy error. Lower interest costs, lower the deficit, reduce regressive stimulus, lower inflation, rocketshipemoji

"Trump denies" ... "highly unlikely" - You do get the impression that they just put out a statement to see the market reaction, someone wins the argument they were having (it won't help you with long rates, it will probably hurt you) and they go on with their conversation with that debate settled.

I agree with you that it is damaging to destroy perceived credibility but there is zero reason the Federal Government needs to borrow anything at the long end of the curve - other than historical precedent and the demand in the market for liquid benchmark securities at a few key maturities. For years, Germany didn't "borrow enough" to supply the Eurozone with enough high quality collateral. One of the many reasons the Euro denomination will never function as a global "reserve currency." (A "reserve currency" isn't even an actual currency, just a unit of account - like saying the metric system is the reserve currency)

Well he ain't a democrat. You can disagree with POTUS about your responsibility to do what you *think* is best and still be a Republican or non-partisan. Everyone who disagrees with Powell will assign some motive but I think Buffett is right - he's just doing what he thinks is best. I disagree with him sometimes but what is new.

I can't do my 5% trade again because I don't have a stitch of cash until August 19th... Maybe the new better version of that trade is to buy the 2 year every time it trades with a 4-handle if POTUS is determined to run it hot. I'm getting less bearish on the economy by the day... edit: "no zeros omitted" ... LOL

I'm not worried at all about lower overnight interest rates causing some problem. I think it will solve some problems. But it is best to just be patient and not call into question the independence of the Federal Reserve. The Fed is a "confidence game" - you need perceived independence and credibility because their tools don't work like they used to. Credibility and the ability to backstop and put out fires in a specific crisis is all they have.

"Trump Likely to Fire Powell Soon" - white house says... https://www.bloomberg.com/news/articles/2025-07-16/trump-likely-to-fire-powell-soon-white-house-official-says?srnd=homepage-americas

Maybe a trickle if the share price is still here after they report their quarter. I'm thinking we are about 1.5x real-time book value per share at the close.

Update on the land acquisition for proposed "Aerospace park" near BIAL - farmers protested and plan to compel land sales has been dropped for now https://www.moneycontrol.com/news/india/karnataka-scraps-land-acquisition-near-bengaluru-airport-over-farm-protests-in-a-setback-for-aerospace-park-13280694.html/amp https://www.hindustantimes.com/cities/bengaluru-news/karnataka-cm-drops-final-notification-to-acquire-1-777-acres-near-kempegowda-airport-101752584445594.html ----- In other news... Sewage overflow in parking below T2 !

Its good to follow Bill on twitter @wabuffo Warren Mosler on twitter @wbmosler Mosler stuff https://moslereconomics.com/mandatory-readings/ https://docs.google.com/document/d/1gvDcMU_ko1h5TeVjQL8UMJW9gmKY1x0zcqKIRTZQDAQ/edit?tab=t.0 http://www.collectedworksofwarrenmosler.com L Randall Wray Books: Understanding Modern Money Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems Macroeconomics (textbook) by Bill Mitchell, Randall Wray, etc. Like Bill says, ignore the policy suggestions like guaranteed government job bank, etc, etc, etc... (the policy suggestions by some of the authors will end up turning you off and people then tend to throw the baby out with the bathwater on what is an accurate description of our current money system.)

No clue what they are worth (priceless!) but what a cool story! - thanks for sharing it here

Didn't surprise Bill !

I've sold off all of my Advance Auto Parts this afternoon. (cue the huge premium takeover offer tomorrow...)

You got the liquidity pop from the Spanish guy's tweet (odds are he reads this board since he owns FRPH, JOE, FFH, AIV) I've heard he's a good investor FWIW

I wouldn't make decisions based on technical patterns or charts alone, but changes in market prices are determined by the decisions of people and some of those people, particularly shorter term traders and short sellers, are going to be watching those chart patterns and so breaking them will influence their behavior. Maybe they stop selling the rallies and wait, reducing supply. Maybe they add to their position because it looks like it's ready to move. Shorts capitulate and close their position. AAP

Starting to look like a stable coin in logarithmic - its a nice chart

You know it's gotta be the Bitcoins baby! rocketship emoji :: slowing down rocketship emoji