Many still expecting doom - Page 2
Close
Login to Your Account
Page 2 of 3 FirstFirst 123 LastLast
Results 21 to 40 of 57
  1. #21
    Join Date
    Jul 2019
    Country
    UNITED STATES
    State/Province
    Florida
    Posts
    3,505
    Post Thanks / Like
    Likes (Given)
    3649
    Likes (Received)
    711

    Default

    Quote Originally Posted by Homebrewblob View Post
    It’s a two way street. You’ll spend 100$ on osb sheet when min wage is 75$ an hour.

    Just throw some extra zeros on the end of every number you see and all will be balanced
    They used a price for a item and the “days” factor calculated in to get the actual amount due. This was in Germany as I recall. Hyperinflation which is the extreme.

    No one should be paralyzed by fear into not acting. It is very well known and documented those who held and lost it all in the crash. Ride it down to rock bottom is not a very good plan and yet the alternative does not look to be even worse.

  2. #22
    Join Date
    Apr 2020
    Country
    UNITED STATES
    Posts
    1,135
    Post Thanks / Like
    Likes (Given)
    1029
    Likes (Received)
    395

    Default

    Quote Originally Posted by Trueturning View Post
    They used a price for a item and the “days” factor calculated in to get the actual amount due. This was in Germany as I recall. Hyperinflation which is the extreme.
    Ya lost me but that’s easy to do

  3. Likes Trueturning liked this post
  4. #23
    Join Date
    Oct 2005
    Country
    UNITED STATES
    State/Province
    Pennsylvania
    Posts
    21,372
    Post Thanks / Like

    Default

    Quote Originally Posted by Rob F. View Post
    When I read your title of doom I thought you were worried about the sky is falling: Huge rocket looks set for uncontrolled reentry following Chinese space station launch. The Long March 5B’s core stage weighs 21 tons and is the size of a 10 story building.
    Massive Chinese rocket core to make uncontrolled reentry over Earth in coming days | Live Science


    So it's gonna leave a contrail around the world of another chemical bioweapon ?

  5. #24
    Join Date
    Jul 2019
    Country
    UNITED STATES
    State/Province
    Florida
    Posts
    3,505
    Post Thanks / Like
    Likes (Given)
    3649
    Likes (Received)
    711

    Default

    Quote Originally Posted by Homebrewblob View Post
    Ya lost me but that’s easy to do
    Warren Buffet is very good as he manages to buy and sell and effectively time his transactions by informed expertise to profit. He does not hold in fear his investments he capitalizes on them standing up to the risk. He has courage.

    Tough job some excel. The environment changes and adjustments are made. Losses and gains will occur. Minimizing the losses takes high observation, evaluation, and skill. Add to those courage and skill.

    They throw paralyzing fear aside. Like the parable of the talents of the three two took the masters talent and grew its value whereas one hid his not losing anything. The one who only did that did not follow the trust nor intent of the master yet his act was never mentioned as being evil or a sin and not even grossly negligent. The master knew the risk when he gave duties out. The one hid the talent likely concerned he would lose the favor of the master because his fear paralyzed him from risk. At least he did not lose it. The servant was not punished any more than he might in hindsight be sad that he disappointed his master.

    Life is tough who knows maybe hiding the talent and not losing it may have been exactly the best move in the servant and masters case given responsibility was entrusted to those servants even the one who hid his.

  6. #25
    Join Date
    Oct 2005
    Country
    UNITED STATES
    State/Province
    Pennsylvania
    Posts
    21,372
    Post Thanks / Like

  7. Likes Trboatworks liked this post
  8. #26
    Join Date
    Sep 2011
    Location
    Posts
    2,045
    Post Thanks / Like
    Likes (Given)
    359
    Likes (Received)
    316

    Default

    Quote Originally Posted by digger doug View Post

    Is that otrits real name?

  9. #27
    Join Date
    Feb 2014
    Location
    FL
    Posts
    4,215
    Post Thanks / Like
    Likes (Given)
    13447
    Likes (Received)
    5018

    Default

    Quote Originally Posted by camscan View Post
    Is that otrits real name?
    You otto know better than that.

  10. Likes camscan liked this post
  11. #28
    Join Date
    Apr 2018
    Country
    UNITED STATES MINOR OUTLYING ISLANDS
    Posts
    7,525
    Post Thanks / Like
    Likes (Given)
    0
    Likes (Received)
    3665

    Default

    Quote Originally Posted by TeachMePlease View Post
    You otto know better than that.
    Hey Teach, you ever gonna clean out your inbox ? Or is that a subtle message ?

  12. #29
    Join Date
    Aug 2010
    Location
    Minnesota
    Posts
    2,140
    Post Thanks / Like
    Likes (Given)
    182
    Likes (Received)
    1600

    Default

    Shame on Buffet for being honest... not really the nature of his business.

  13. #30
    Join Date
    Mar 2016
    Country
    UNITED STATES
    State/Province
    California
    Posts
    1,077
    Post Thanks / Like
    Likes (Given)
    195
    Likes (Received)
    308

    Default

    Good Evening,
    I purposefully pointed out Warren Buffet as an example of how the market can make the very smart, very rich into bumbling fools. Another note worthy name is Mohamed A. El-Erian, he perhaps made the the market call of his life... and failed.

    The point I am making is Warren's sale of all of his airlines holdings and El-Erian's call to sell everything one year ago, should teach us all a good lesson.

    To sell at the bottom, and to watch airlines and S&P double in value, is a novice's horror.

  14. #31
    Join Date
    Mar 2009
    Country
    UNITED STATES
    State/Province
    California
    Posts
    6,108
    Post Thanks / Like
    Likes (Given)
    115
    Likes (Received)
    1197

    Default

    Quote Originally Posted by otrlt View Post
    Even the wealthiest and most respected business people are getting Bearish. Most are warning of inflation and the likelihood of certain doom.

    When Warren Buffet tries to explain away his poor recent performance, and at the same time, calling for inflation, he's done.


    This is an extremely bullish contrarian indicator.
    If they lived in Delhi or Mumbai the inflation part can be removed from the sentence.

  15. #32
    Join Date
    Oct 2010
    Location
    Maryland- USA
    Posts
    4,736
    Post Thanks / Like
    Likes (Given)
    2343
    Likes (Received)
    2956

    Default

    Quote Originally Posted by otrlt View Post
    Good Evening,
    I purposefully pointed out Warren Buffet as an example of how the market can make the very smart, very rich into bumbling fools. Another note worthy name is Mohamed A. El-Erian, he perhaps made the the market call of his life... and failed.

    The point I am making is Warren's sale of all of his airlines holdings and El-Erian's call to sell everything one year ago, should teach us all a good lesson.

    To sell at the bottom, and to watch airlines and S&P double in value, is a novice's horror.

    "A novices horror"

    Only the novice experiences "horror" for making decisions and acting on them in the markets.

    Buffet is neither a novice or a bumbling fool.

    He sold because he had better use for the money and the airlines are STILL below his cost average had he held.
    He took the foundering positions and put the money to work.

    45 billion in returns is pretty good for a "bumbling fool" eh.

  16. #33
    Join Date
    Mar 2016
    Country
    UNITED STATES
    State/Province
    California
    Posts
    1,077
    Post Thanks / Like
    Likes (Given)
    195
    Likes (Received)
    308

    Default

    Quote Originally Posted by Trboatworks View Post




    A question for you- what was your percentage gain in your portfolio this year?
    Not the cash gain- percentage.
    As a private citizen, it is not advisable for anyone to ever declare the amount of wealth that they have created.

    The truth of the matter is Warren and many others have tarnished their reputations permanently.

    High profile investors that loose "their cool" need to consider retirement.

  17. #34
    Join Date
    May 2015
    Country
    UNITED STATES
    State/Province
    New Jersey
    Posts
    81
    Post Thanks / Like
    Likes (Given)
    147
    Likes (Received)
    32

    Default

    How to troll 101:
    Find something/someone that is the gold standard in their field.

    Say they are full of crap, doing it wrong, and an idiot.

    Profit?

  18. Likes Trboatworks, Screwmachine, metlmunchr liked this post
  19. #35
    Join Date
    Feb 2014
    Location
    FL
    Posts
    4,215
    Post Thanks / Like
    Likes (Given)
    13447
    Likes (Received)
    5018

    Default

    Quote Originally Posted by EmanuelGoldstein View Post
    Hey Teach, you ever gonna clean out your inbox ? Or is that a subtle message ?
    Kinda like leaving my voicemail box full on my phone



    I'll make some space.

  20. #36
    Join Date
    Oct 2010
    Location
    Maryland- USA
    Posts
    4,736
    Post Thanks / Like
    Likes (Given)
    2343
    Likes (Received)
    2956

    Default

    Quote Originally Posted by jaguar36 View Post
    How to troll 101:
    Find something/someone that is the gold standard in their field.

    Say they are full of crap, doing it wrong, and an idiot.

    Profit?
    Thanks for the reminder..

    And....

    Inflation is heating up in some sectors- energy is deceptive due largely to the numbers representing a spring back to nominal from a artificial low:
    This is not so much a "warning" as a simple reality:

    screen-shot-2021-05-05-8.16.43-am.jpg

  21. #37
    Join Date
    Sep 2006
    Location
    Abingdon, VA
    Posts
    3,669
    Post Thanks / Like
    Likes (Given)
    4923
    Likes (Received)
    3627

    Default

    Warren Buffett is a hack. 45 billion represents what, an 8% return on his total investments? BFD...

    The prick did manage to convince his crony Biden to cancel the Keystone XL pipeline, which will add about 2 billion per year revenue to Buffet's BNSF railroad (the crude will still move after all...)

    And since the Democrats are the "champions" of the middle class, could you please explain how policy-induced hyper-inflation benefits the middle class? Here's a clue: it don't. Their buying power is being eroded away...

    Just look to the late 70's to see what hyper-inflation, stagnant wages, high interest rates (it's coming) and a big hand from government do to the economy.

    And sure enough, gas is predicted to be on shortage by the peak summer driving season (I thought Jimmy Carter was retired).

    And for those that say the US government debt "doesn't matter", well, in reality it doesn't matter. But what DOES matter is the interest on the debt! Which stands now at what, 10%+ of the federal budget? Imagine what America will look like here in a decade or two when the interest on the debt grows to 50%+ of the federal budget.

    Then the debt will matter...there is no free lunch. The laws of the universe apply to everything, even governments and their runaway spending.

    And as far as OSB, I'm sure the Chinaman are ramping up production and stuffing the containers full of the stuff, westbound and down. The result will be the bankruptcy or selling out of the North American OSB producers...

    ToolCat

  22. Likes digger doug, DrHook, empwoer, Modelman liked this post
  23. #38
    Join Date
    Oct 2010
    Location
    Maryland- USA
    Posts
    4,736
    Post Thanks / Like
    Likes (Given)
    2343
    Likes (Received)
    2956

    Default

    Bullshit.

    Rockefeller killed rail transport of crude and Buffett is not bringing it back.

    More trading in internet mythology will kill another thread.
    The whole thread is BS so maybe that’s just about right.

    Fact check: Buffett did not donate to Biden; oil that would have been transported through the Keystone XL Pipeline will use existing infrastructure, not Buffett-owned railroad | Reuters
    Last edited by Trboatworks; 05-05-2021 at 11:56 AM.

  24. Likes TeachMePlease, jaguar36 liked this post
  25. #39
    Join Date
    Sep 2006
    Location
    Abingdon, VA
    Posts
    3,669
    Post Thanks / Like
    Likes (Given)
    4923
    Likes (Received)
    3627

    Default

    Trboatman, you might want to do a little more keyboard research. The Class 1 railroads in North America move a shit-ton of crude oil by rail.

    Railroads don't get the business when there is a pipeline available for point A to point B, but when there's not a pipeline and the crude needs to be somewhere else, the crude moves by rail.

  26. Likes digger doug liked this post
  27. #40
    Join Date
    Mar 2016
    Country
    UNITED STATES
    State/Province
    California
    Posts
    1,077
    Post Thanks / Like
    Likes (Given)
    195
    Likes (Received)
    308

    Default

    Quote Originally Posted by cnctoolcat View Post
    Warren Buffett is a hack.

    ToolCat
    You might be a little bit too harsh on Warren toolcat, but the fact is; he did panic and sold like a frightened little girl.

    He surely wasn't the only one that shit their pants.


Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •