Apple reporting 40% lower PC demand globally, TSMC with first revenue decrease in four years
Absolutely massive investments happening in EV batteries in North America on the back of government/taxpayer funding
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04-10-2023, 07:16 AM #3031
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04-10-2023, 08:11 AM #3032
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04-10-2023, 08:52 AM #3033
Im just thinking about it. My sister and her husband take every dime they have and they invest it. But don’t talk to them much.
Im pretty lost . It’s like all foreign to me.
I just asked my sister she won’t text me back. Im being serious.
Ps. Are WWE shares profitable now that they’ve been merged with ufc?
Pps. Like a 13 year old boy touching his very first boob *in a high pitched voice* “it’s my first time I’ve never done this before!
If wrong thead lemme know delete this post and whoopie.BLM (Brock Lesnar Matters)
Always go full potato crew
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04-10-2023, 09:08 AM #3034
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04-10-2023, 09:16 AM #3035
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04-10-2023, 09:21 AM #3036
I use to work for a company that built natural gas and nuclear power plants. We were building them all over the US. NG power plants take anywhere from 1-3 years depending on the scale. Nuclear is 5-10 years. We just shut down a small nuclear plant locally, which cost us billions to do. They built next to a river that had a 100year type flood. IDK what's with these experts building next to natural disaster prone areas.
We definitely don't need OPEC to be self-reliant. The reserves in Alaska are quite notable in size and that's only the oil that we know about since it's mostly unexplored. A good strategy that the US may be doing is not exploring or producing from these to be the last man standing? Not sure.Last edited by _zman; 04-10-2023 at 09:58 AM.
★★★ A State of Trance Crew ★★★
♞♞♞ Misc Horse Head Crew ♞♞♞
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04-10-2023, 09:49 AM #3037
- Join Date: Apr 2012
- Location: Alberta, Canada
- Age: 39
- Posts: 26,192
- Rep Power: 236269
Yeah things are happening but global oil markets will remain powerful for decades to come, there isn't even enough skilled labour to make it happen more quickly at this point regardless of how much money is thrown at it
Just finishing up a project right now that is a natural gas power plant designed to provide electricity for a few hundred thousand homes
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04-10-2023, 01:39 PM #3038
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04-10-2023, 02:46 PM #3039
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04-10-2023, 04:17 PM #3040
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04-10-2023, 05:43 PM #3041
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04-11-2023, 11:39 AM #3042
Anyone see that big box grocery stores are closing in shythole areas? Whole Foods said fuk off San Francisco. Walmart closing 4 stores in Chicago. Think they are closing stores in nice areas?
I hope dems in both locations see this for what it is. Their failed policies that destroyed their police force and essentially legalizing theft. Pandering to the people who hate law and order doesn’t work- you can only push so far before everyone else pushes back.Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
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04-11-2023, 12:27 PM #3043
[QUOTE=RobParks2M;1680602873]Anyone see that big box grocery stores are closing in shythole areas? Whole Foods said fuk off San Francisco. Walmart closing 4 stores in Chicago. Think they are closing stores in nice areas?
I hope dems in both locations see this for what it is. Their failed policies that destroyed their police force and essentially legalizing theft. Pandering to the people who hate law and order doesn’t work- you can only push so far before everyone else pushes back.[/QUOTE
Carbonfibre supports all of that! He loves Joe Biden!!
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04-11-2023, 08:04 PM #3044
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04-12-2023, 05:48 AM #3045
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04-12-2023, 06:47 AM #3046
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04-12-2023, 07:04 AM #3047
It’s crazy because those stores probably do $200m+ in yearly sales and still lost money for 10 straight years. Dam. Goodbye jobs and goodbye place to buy food and get grandma her drugs. Once again the shyty minority ruins things for everyone else in the area. Since thefts aren’t punished it’ll just shift the theft problems to the next closest store till that closes too.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
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04-12-2023, 08:14 AM #3048
I just empathize with people stuck in some of those areas who are going to struggle to access a decent store to buy fresh food at a reasonable price.
Also CPI looked good. Oil is holding $80 easy. Bonds still pretty ugly. Does anyone know the last day to buy Ibonds and keep the 6% interest rate for the next 6 months? Also, has anyone calculated the interest rate for the next 6 months? I haven’t bought any more since last year. I don’t know if the rates are even going to be worth buying if the next 6 month rate sucks.Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
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04-12-2023, 08:28 AM #3049
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04-12-2023, 09:14 AM #3050
- Join Date: Aug 2010
- Location: State / Province, Canada
- Posts: 11,347
- Rep Power: 52652
After this morning CPI report.
Fed peak rate is one more hike away.
FOMC in May has 25BPS hike and that is all.
Than pause and cuts start July.
Only way to bring this market down now is if they increase pace of QT and debt ceiling goes to shiit July.
Pretty sure debt ceiling will be non issue.
ATM SP 500 is locked into 3950-4200 range.
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04-12-2023, 09:17 AM #3051
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04-12-2023, 09:19 AM #3052
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04-12-2023, 09:28 AM #3053
- Join Date: Apr 2012
- Location: Alberta, Canada
- Age: 39
- Posts: 26,192
- Rep Power: 236269
BoC has already been paused since February, thinking rates will come down like that is pure hopium IMO. There has been almost no pain so far, and the unemployment rate in the US most recently moved downward lol
Was just watching Buffett talk about Volcker back in the '80s needing Secret Service protection
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04-12-2023, 09:47 AM #3054
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04-12-2023, 09:55 AM #3055
- Join Date: Aug 2010
- Location: State / Province, Canada
- Posts: 11,347
- Rep Power: 52652
Bond market reading through that like butter.
If inflation keeps coming down why would they keep rates up?
This crude bump is going to be problem for April CPI print atm.
In 1 hour we get FOMC minutes.
Last FOMC there was leak that group was 50/50 on March 25BPS hike or no hike.
They want to pause.
About rate cutting yeah I dunno July for rate cuts is too fast.
If Jerome doesn't want repeat of previous fed presidents.
It would make sense to say it again next month no rate cuts this year.
Kill inflation for good instead of cutting and than having to raise again. (that would cause nasty market puke)Last edited by Carbonfibre; 04-12-2023 at 10:03 AM.
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04-12-2023, 10:13 AM #3056
- Join Date: Apr 2012
- Location: Alberta, Canada
- Age: 39
- Posts: 26,192
- Rep Power: 236269
Yeah rates will stay up as inflation comes down because the lessons of The Great Inflation: cutting rates too early will result in inflation spiking back up. A pause of course does not mean cuts, their plan was to reach a restrictive rate, pause for some amount of time, and watch as inflation continues dropping -- the pause will be when the pain actually occurs.
6 month pause minimum IMO
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04-12-2023, 10:25 AM #3057
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04-12-2023, 10:28 AM #3058
They should wait 6 months from last hike. Which means they won’t they’ll cut far sooner LOL
The big kicker no one seems to be talking about is student loan repayment turning back on. 2nd biggest source of debt behind housing will cut household purchasing power dramatically. Pain is gonna be felt unless they decide to keep extending which seems possible. Biden admin doesn’t want to turn payments back on. Even with $10/20k forgiveness I think people previously adding into savings/investments will be shifting to repayment.Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
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04-12-2023, 10:44 AM #3059
- Join Date: Apr 2012
- Location: Alberta, Canada
- Age: 39
- Posts: 26,192
- Rep Power: 236269
They really need to wait until they're sure it won't spike up. But you look at speculative stocks and stuff like Bitcoin back at $30k, I know what that tells me
You want to see some crazy spending by the US Govt, check out the guidance interpretation coming out from the Treasury re: Inflation Reduction Act EV incentives. Congressional Budget Office had an $85million impact from the new EV incentive in 2023, about 11,000 vehicles qualifying for the full $7500 taxpayer-funded incentive, now vehicles like the F150 Lightning and Model Y regular trims are apparently qualifying for the full amount plus a swath of other vehicles qualifying for half plus the 3.5 month grace period we're coming out of where everything qualified.
That budget is being absolutely obliterated
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04-12-2023, 11:47 AM #3060
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