Sweet

Canadian housing market is nuts. I know a couple that dropped over a million on a house. I was gobsmacked. If it corrects a lot of people are going to be a lot poorer.

After a while I just ignored the rules baring common sense rules like wearing masks in shops. No way in I was going to listen to anyone who said I couldn’t visit family.

In the UK there was a period of lockdown where you couldn’t leave the house except for a legitimate reason. I personally got hassled by a the police when I was out for a walk one evening. They were embarrassed, you could tell, but they were under orders too. In theory I was within my legal rights to be outside, but the point is many cheered this on.

Yep, it’s quite something. We had two years of that.

Depends how and where it is disposed of SD. In Switzerland, 45 years worth of spent fuel is sitting in this facility: That’s the entire waste from 45 years in view I understand.

Yeh, we want to keep that nuclear waste, it’s potentially very valuable in the future.

France is into nuclear, think 70% of electricity is, or was, from nuclear power.

I watched a video / read an article by a British investor (can’t remember name) which stayed with me. He said that in his experience gold wasn’t a particularly good inflation hedge but did well in times of crisis, in-particular a banking crisis.

If oil and gas companies can put shareholders first, and maintain production roughly where it is right now -maybe even growing slightly without swamping the market in oil - then oil companies will be sending back a lot of cash flow to shareholders. Long term shareholders have been wrecked since 2014. Second big change is narrative, no longer does the investment community think oil and gas is dead by 2025 or 2030. There is still a multi decade runway of oil production and shareholder returns. Plenty of wildcards too, largest amongst them is government windfall taxes, which I find quite despicable. Javier Blas said that in the UK the government are now taking 70% of O&G income. If you don’t want then operating as private companies buy them out.

Doubts about coinbase now?

Saw quite an amusing comment that Russia might demand buyers pay the price cap. Currently Urals is trading below the cap being proposed by the EU. Oil volatile as ever this morning, much talk about it being related to OPEC, but I think weakness in the price is being driven once again by China and their covid. It’s been the dominant factor in prices the entire year. The investment banks predicting oil prices to average $100+ are looking quite foolish.

Yes crypto and blockchain aren’t going away, that doesn’t mean any of them, whether it is Bitcoin or Ether, will have any value in 10 years. I wouldn’t be surprised if both are close to zero, I also wouldn’t be surprised if both were significantly higher. If you believe significantly higher, it’s a bet that others will bid it up, neither actually produces something tangible. It’s speculation rather than investing IMO. Nothing wrong with that of course.

saudis said it wasn’t true

Oil flat for the year despite everything that has went on in the oil markets in the last 11 months.

Why? I’d say it makes very little if any difference at all, both to oil production, and oil prices.

crazy that happened, has he provided an answer as to why?

that would be terrible for stocks if inflation followed that chart

Thanks for the explanation!

Noob question, but if your BTC is on a single USB, and for some reason that USB gets wrecked, I presume your money is gone? This isn’t something you can back up… right?

Greatest fear is a decade or more of stock market underperformance. I think that possibility is far worse than a sharp contraction in stocks. We are facing particularly strong macro headwinds currently, the likes not seen since the 70s. Normally when we get a recession rates go down, this time inflation is high, rates are rising and the feds balance sheet is shrinking - all the same time. I would say my pessimism level is high, but there is no choice, you have to be in the market, the optimists are the ones who kill it. Look at Hussman.

Taiwan long predates Biden, it’s a continuation of decades long policy. Don’t think anyone could claim we have nothing to do with either Taiwan or Ukraine. Just can’t see how it’s provoking.

It’s transparent and cynical politicking, but don’t think we can make the claim that Biden provoked a war.

@lnofeisone thanks, I wasn’t aware of that, I don’t follow either Brazil or the Mexican markets. I’d be fairly sure that China GDP is smaller than the headline figure but no idea of the magnitude. It would be quite something if it was 40% lower.

How can the economy grow so much and yet this ^ be the case? Something wrong there.