This Piece of Shit is Back At It Again

[Blake Hampton]

2 minutes ago, cubsfan said:

We call that progress Blake! LOL

Strong journalism makes an effort to eliminate bias in its reporting. If it's full of opinions, it ain't news. CNBC I think finds a good balance between its co-anchors.

Cubs, I wish that you would find a way to consume better journalism. Read The Economist or the WSJ. It would be good for you.

[Munger_Disciple]

I thought Joe's behavior in that interview was disgraceful. It's fine to ask a guest tough questions on TV but he should treat them with respect. Grantham might have called more bubbles than there were actual ones but he has a very decent long term track record and seems like a good human being from what I know publicly. 

Edited Saturday at 10:06 PM by Munger_Disciple

[Spekulatius]

17 hours ago, NnnnotSoSmart said:

Grantham is certainly a nut job.  His crazy and glaringly unscientific obsession with "climate change" is evidence of it.  

 

A Grantham quote from an interview in 2022: 

 

"It strikes me as utterly trivial and only producible by economists. [...] The guy who got the Nobel Prize for it [William Nordhaus], for his work on climate change — actually he spelled it out. He said, 'Even if there was 10 degrees centigrade, it would only cost something in the range of 10 percent of GDP.' To which I say, 'Dudes, we will be long gone as a species at 10 degrees centigrade.' It is quite obvious at 1.1 [°C] that we are already having trouble. At 2, we will be struggling and societies will fail here, there, and everywhere. At 3, in a sense, forget about it [...] At 10 degrees . . . You cannot find a serious climate scientist who would bet that society, as we know it on a global basis, will still be around at 5 degrees centigrade. I have met a lot of them, and I ask them this question. Not one thinks we have any material chance of a stable society at 5 degrees centigrade." 

https://conversationswithtyler.com/episodes/jeremy-grantham/

 

In a 2012 Nature commentary, he urged climate scientists: "Be persuasive. Be brave. Be arrested if necessary. This is not only the crisis of your lives — it is also the crisis of our species' existence." He argued understatement is more dangerous than overstatement for this issue. 
https://yaleclimateconnections.org/2012/11/financier-jeremy-granthams-be-brave-advice-to-climate-scientists/

 

He is not wrong. A 10 Deg C increase in temperature results in  our world looking more like Mad Max. 

[Blake Hampton]

1 minute ago, Munger_Disciple said:

I thought Joe's behavior in that interview was disgraceful. It's fine to ask a guest tough questions on TV but he should treat them with the respect. Grantham might have called more bubbles than there were actual ones but he has a very decent long term track record and seems like a good human being from what I know publicly. 

 

Look at your president. I believe we are past the point of worrying about the outbursts of news anchors unfortunately.

[matthew2129]

The only thing more comically wrong then his bear/short calls are his long calls. Bro was a China bull in 2020/2021

[Blake Hampton]

I think economic calamity is certain.

I believe we will soon see the greatest financial crisis in human history: frozen credit, collapsing asset markets, desperate money printing in order to save us from it, and finally extreme inflation as that newly created money ultimately reaches the real economy. I often fear a complete currency collapse.

Our country is running historic deficits during full employment. Our last two recessions both nearly led to economic collapse. We have an erratic leader, a broken Congress, and an apathetic public that has completely checked out.

Our currency sits at the center of the global financial system. And never before in history have we seen trade imbalances of the size they are today.

And the worst part is that no one cares.

 

We're all just sitting here waiting to see how far faith alone can take us.

 

But maybe Trump will save us. He likes to paint himself as a god and has convinced the MAGA crowd that his record of failure will somehow lead to solving our greatest problems. I am doubtful.

Edited Saturday at 10:37 PM by Blake Hampton

[Blake Hampton]

It feels almost obvious to me, and it makes me feel crazy that seemingly no one else sees it. Maybe I am.

Edited Saturday at 10:34 PM by Blake Hampton

[matthew2129]

7 minutes ago, Blake Hampton said:

.. and finally extreme inflation as that newly created money ultimately reaches the real economy

 

Sounds bullish for stocks tbh lol

[Blake Hampton]

3 minutes ago, matthew2129 said:

Sounds bullish for stocks tbh lol

 

How Inflation Swindles the Equity Investor: Warren Buffett, May 1977

I actually have the original Fortune issue sitting on my shelf. I've probably read it 10 or 20 times.

[cubsfan]

1 hour ago, Blake Hampton said:

Strong journalism makes an effort to eliminate bias in its reporting. If it's full of opinions, it ain't news. CNBC I think finds a good balance between its co-anchors.

Cubs, I wish that you would find a way to consume better journalism. Read The Economist or the WSJ. It would be good for you.

 

I have not watched CNBC for years, after years of watching it.  From occasional clips I see - looks like somewhat balanced with Kernan being conservative and Sorkin plenty left.  

 

I'll take your word for it.

[Jay Rent]

Blake  -

 

In 1977,  Microsoft had $380K in revenue and 9 employees.

 

Apple innovated with the Apple 2 computer. 

 

In 1978 my parents overpaid for the house we grew up in with a 9.75% mortgage rate.

 

All survived inflation.

 

Never does Buffett say bet against the US.  

 

Pockets of the market, economy and politics will always be scary but stay the course and you will come out for the better.     

 

Grantham, Katsenelson (financial marketers) were saying in 2022 (when inflation first became a concern) that markets could not possible grow more after the first rebound (of course they were also pushing further market disasters at the bottom).     

 

Look at earnings on the SP since (not just market returns)

 

 

[Red Lion]

5 hours ago, Blake Hampton said:

 

I think economic calamity is certain.

I believe we will soon see the greatest financial crisis in human history: frozen credit, collapsing asset markets, desperate money printing in order to save us from it, and finally extreme inflation as that newly created money ultimately reaches the real economy. I often fear a complete currency collapse.

 

Don’t you hold cash/t-bills? Or am I mistaking you with another poster? 

[John Hjorth]

15 hours ago, Sinbius said:

Not sure I would call someone that had donated already half on his net worth toward environmental causes (and has in program to donate something like 95%) a piece of $hit...

 

And I would stop blaming people giving bad advice...and start accounting people for their own decision in their own finance...

 

And if you think about it...for the people that do not get that is bad advice...it is actually good advice  ...it is not that everybody should invest...

 

Yeah, @Sinbius,

 

Here at CofB&F, we are a bunch, a community, of individual DIY investors, that do our very best to steer clear of the costs related to the involvement of the institutional imperative, and we all know it's not in our power to save world from it.

 

But we can actually still make a difference, a material difference for others than our selves,  for some near and dear to us.

 

Keeping the bulwark up, intact and running some times calls for, requires mentally venting to decompress, which is what I think Greg [ @Gregmal ] did here by starting this topic.

[james22]

[CorpRaider]

He's right.  IDK why no one can understand nuance anymore.  He punches it up but all he's been saying with a few short exceptions is that it's risky so adjust your allocation to ex US, tilt value, and some other assets consistent with your plan/risk perimeters.  Kernen has been a clown since at least the 90s.

[Lazarus]

On 6/27/2026 at 6:32 PM, Blake Hampton said:

I think economic calamity is certain.

I believe we will soon see the greatest financial crisis in human history: frozen credit, collapsing asset markets, desperate money printing in order to save us from it, and finally extreme inflation as that newly created money ultimately reaches the real economy. I often fear a complete currency collapse.
 

I'm now convinced that Blake is simply trolling the forum, posting nonsense and laughing as people respond seriously to try to set him straight. But you went too far with this one. Bravo... fooled me for a long time. 

[Xerxes]

On 6/27/2026 at 5:54 PM, Blake Hampton said:

Strong journalism makes an effort to eliminate bias in its reporting. If it's full of opinions, it ain't news. CNBC I think finds a good balance between its co-anchors.

Cubs, I wish that you would find a way to consume better journalism. Read The Economist or the WSJ. It would be good for you.

Nothing wrong with CNBC itself, even the mighty Buffett watches it in the background with mute on. 
 

I usually run Bloomberg TV on low volume when I work from home. 
 

So there is value in them. But think of them as distribution channels rather than content creators. For instance CNBC has 98% market share of anything Berkshire. Great content through the same exact pipeline that also bring Lousy Joe from Squawkpod. 
 

There are however key differences between CNBC and Bloomberg. The former caters to domestic business news while the latter caters to international/global news. You can watch Bloomberg TV at 2 AM and it will be aired via HK. On newspaper side, WSJ caters to domestic business news while FT/The Economist cater to global news. 
 

So I don’t see this as CNBC fault or a MAGA thing. This is just Joe acting like a child. That kind of behaviour is unacceptable. 

[jinvest]

Honestly, time to ban Blake.   

(Who am I? Nobody, but I've been on lots of forums, and it's not gonna end well...)

 

[Blake Hampton]

30 minutes ago, jinvest said:

Honestly, time to ban Blake.   

(Who am I? Nobody, but I've been on lots of forums, and it's not gonna end well...)

 

 

[Blake Hampton]

Do it lol

[John Hjorth]

1 hour ago, jinvest said:

Honestly, time to ban Blake.   

(Who am I? Nobody, but I've been on lots of forums, and it's not gonna end well...)

 

@jinvest,

 

A belated welcome to CofB&F to you! ! ,

 

- - - o 0 o - - -

 

In general, it is better options to ignore a CofB&F member, which posts are bugging you [it's in your profile options], or as an alternative, you are suggested to use the report option in upper right corner of such post, to get the attention of the right person.

[Blake Hampton]

2 hours ago, jinvest said:

Honestly, time to ban Blake.   

(Who am I? Nobody, but I've been on lots of forums, and it's not gonna end well...)

But I am curious: what is your prediction of what won’t end well with me?

[DooDiligence]

1 hour ago, Blake Hampton said:

But I am curious: what is your prediction of what won’t end well with me?

 

Don't try and make any sense out of it. You do you.

[Parsad]

On 6/26/2026 at 10:57 PM, NnnnotSoSmart said:

 

OK, so humans can ultimately live on Mars, but they can't live on an earth that is 5-10 deg C warmer?  Me thinks you're underestimating humans.

But you're right, the robots would likely help us survive...if they chose to keep us around.  

 

Grok:

 

An Earth that is 10∘C (18∘F) hotter than pre-industrial levels represents an extreme climate shift, akin to the Early Eocene period 50 million years ago. At this temperature, the equatorial and tropical zones would experience frequent, lethal "wet-bulb" temperatures (where heat and humidity make it physically impossible for the human body to cool itself through sweat), rendering the mid-latitudes largely uninhabitable for unprotected mammals.

 

Furthermore, the complete melting of global ice sheets would raise sea levels by over 200 feet, entirely reshaping the continents.

For humans to survive in significant numbers, civilization would have to structurally adapt. Here are three realistic scientific scenarios for how humanity could live on such an Earth:

Scenario 1: The Polar Exodus (The Circumpolar Civilization)

In this scenario, humanity undergoes a massive geographical migration, abandoning the tropics, subtropics, and traditional mid-latitudes (like the US, Southern Europe, and Central China) to aggregate entirely around the Arctic and Antarctic circles.

• The Environment: The poles, once icy wastes, transform into the planet's new temperate zones, with average annual temperatures resembling modern-day France or New England (10∘C to 15∘C). The Arctic Ocean becomes a ice-free, bustling Mediterranean-like sea.

• Human Life: Humanity builds high-density, highly urbanized megacities across northern Canada, Siberia, Scandinavia, Greenland, and the newly exposed bedrock of Antarctica.

• Agriculture & Economy: Because standard topsoil takes millennia to form, agriculture relies heavily on indoor vertical farming and massive hydroponic facilities. Outdoor farming is limited to specialized, fast-growing crops that can survive the intense, 24-hour sunlight of polar summers. The global economy centers around maritime trade across the open Arctic and the extraction of resources long buried under ice sheets.

Scenario 2: The Subterranean & Nocturnal Shift (The Sub-Surface Niches)

In regions closer to the equator where geopolitical or structural reasons prevent migration, humans adapt by moving underground, shifting the entire rhythm of human life away from the blisteringly hot surface.

• The Environment: Surface temperatures regularly exceed 50∘C (122∘F), with hyper-humid coastal zones triggering fatal wet-bulb events during the day. The surface becomes a hostile desert or an ultra-dense, chaotic jungle populated only by specialized, heat-tolerant reptiles, insects, and flora.

• Human Life: Civilizations carve out massive, interconnected underground subterranean cities, leveraging the earth's natural thermal insulation to maintain manageable baseload temperatures. Surface travel, heavy industry, and automated maintenance are conducted almost exclusively at night, when temperatures drop to survivable—though still oppressive—levels.

• Infrastructure: Humans become an indoor, technologically insulated species. Power is generated heavily via surface solar arrays (which thrive in cloudless desert belts) and routed downward to drive massive cooling, water-desalination, and air-filtration networks.

Scenario 3: The Automated "Ecomodernist" Enclaves (The Controlled Biospheres)

Rather than moving underground or migrating to the poles, humanity uses hyper-advanced engineering to isolate itself from the environment, constructing closed-loop, climate-controlled hyper-cities.

• The Environment: The planet's climate is unstable, characterized by hyper-canes (extreme category-5+ hurricanes fueled by ultra-warm oceans), massive dust storms, and unpredictable weather systems that destroy traditional infrastructure.

• Human Life: Humans live inside heavily fortified, dome-covered megastructures or sealed architectural enclaves. These cities operate like permanent space colonies on Earth, dynamically regulating internal temperature, humidity, and atmospheric composition.

• The Technological Lifecycle: Human survival depends entirely on automated AI systems, advanced robotics, and nuclear or fusion power to maintain the colossal energy grids required for life support. Raw materials are gathered from the harsh outside world via automated drone fleets, and food production is entirely synthesized in industrial lab facilities (cellular agriculture, bioreactors, and synthetic protein generation), severing humanity's reliance on the outdoor biosphere.

 

All I can say is you dumbasses in the U.S. stay out of Canada and Greenland!  Enjoy your margaritas in Florida, Texas and as humid as my crotch on a 105 degree day...Louisiana!    Cheers!