Buckle up boys and girls, it's going to be a bumpy f'n ride...De-Dollarization Is Happening at a ‘Stunning’ Pace, Jen Says
(Bloomberg) -- The dollar is losing its reserve status at a faster pace than generally accepted as many analysts have failed to account for last year’s wild exchange rate moves, according to Stephen Jen. Most Read from BloombergWorthless Degrees Are Creating an Unemployable Generation in...finance.yahoo.comBrookfield Defaults on $161 Million Office-Property Debt
(Bloomberg) -- Brookfield Corp. funds have defaulted on a $161.4 million mortgage for a dozen office buildings, mostly around Washington, DC, as rising vacancies hit property values.Most Read from BloombergWorthless Degrees Are Creating an Unemployable Generation in IndiaOne Tesla Deal Propels...www.yahoo.com
Commercial realestate is in huge trouble,as are the mid and small banks who hold over 70% of all commercial realestate loans.
Another one about to go down.
Another one about to go down.
I did well yesterday. Today not so much. I will hold short for a little while,but know with the dollar at 101 and falling stocks can actually go up. It is a very difficult time to pick even a general direction short term. PE is still high by almost any way to measure it,but then you have devaluation happening rapidly in the dollar offsetting that. Bad news is good news(lower rate expectations) good news is good news.First Republic plumbs new lows, options dwindle By Reuters
First Republic plumbs new lows, options dwindlewww.investing.com
Back in,short as of 4/26/2023 right at noon eastern time. Long a few commodities,but over a short time frame.
Guess who just won the First Republic Bank raffle?I posted this here:
INGO: Joke of the day page
www.indianagunowners.com
but it fits better here:
A young man named Chuck bought a horse from a farmer for $250. The farmer agreed to deliver the horse the next day. The next day, the farmer drove up to Chucks house and said, "Sorry son, but I have some bad news, the horse died."
Chuck replied, "Well, then just give me my money back."
The farmer said, "Can't do that. I went and spent it already."
Chuck said, "Ok, then, just bring me the dead horse."
The farmer asked, "What ya gonna do with him?"
Chuck said, "I'm going to raffle him off."
The farmer said, "You can't raffle off a dead horse!"
Chuck said, "Sure I can, Watch me. I just won't tell any body he's dead."
A month Later, the farmer met up with Chuck and asked, "What happened with that dead horse?"
Chuck said, "I raffled him off. I sold 500 tickets at five dollars a piece and made a profit of $2495."
The farmer said, "Didn't anyone complain?"
Chuck said, "Just the guy who won. So I gave him his five dollars back."
fdic estimates the cost of the JPM deal at 13 billion,but admits it could be more in the end.obiden said the bailout will not cost taxpayers a cent.
K...sure, you lying sack o' ****.