Financial topics

[aeden]

“Red Bull has just shown the way forward for all who want to prevent a total Marxist-style takeover of business and government in America,” t

thread: july sweeps

https://unherd.com/2020/07/the-ugly-tru ... -protests/ stop pretending

[aeden]

https://behind-the-news.com/operation-l ... -covid-19/
http://www.nommeraadio.ee/meedia/pdf/RR ... dation.pdf

https://www.youtube.com/watch?v=XPgI1hPIW9Y what did you see

[aeden]

fomo swot maps

https://duckduckgo.com/?q=bri+takeovers&t=brave&ia=web

https://www.youtube.com/watch?v=fgXmUubTIYw

checks to nowhere

the new normal will never be defined to incline reform

make decisions in the country’s long-term interests and not be swayed by temptation

[Higgenbotham]

Vince, this is about a couple who has done something similar to seasteading for 29 years.

https://www.cnn.com/2020/07/19/us/coupl ... ket-newtab
https://www.dailymail.co.uk/news/articl ... -home.html

[aeden]

https://facultyweb.wcjc.edu/users/jonl/ ... s/marx.jpg better hurry before feudal capitalism erases whats left or right

[John]

Vince, this is about a couple who has done something similar to seasteading for 29 years.

https://www.cnn.com/2020/07/19/us/coupl ... ket-newtab
https://www.dailymail.co.uk/news/articl ... -home.html

[aeden]

https://www.zerohedge.com/markets/nomur ... -pre-covid

H signal
to say x marks the current spot

The question is, of course, just how quickly any post-VIX-expiration dip is/if bought. t

Rubber meets the road time.

It was said Trump wants to cut funding for Social Security, Medicare and other programs seniors depend on.
This is what is on the table, regardless of how Republicans are wording it.

Average people do not trust either party point blank on no pork no bullshit budget as they go on break.
Pox on both.

Well, as it turns out, our frequent obsession with fast money flows is actually justified: according to a recent research paper titled "Which Investors Matter for Equity Valuations and Expected Returns?", hedge funds exert far more power on equity prices than most other classes of investors, while the passive cohort are among the least influential. The paper's conclusion, as per Bloomberg: "The fast money has more than three times the impact on equity valuations, per dollar under management, than long-term investors like pension funds." tyler

[aeden]

The IRS collected more than $3.5 trillion in gross taxes

https://www.cbo.gov/system/files/2020-0 ... Letter.pdf

At the end of Sep 2019, the Fed balance sheet was $3.8T and today it is $6.6T, an increase of $2.8T most of which occurred since March 2020.
During the same period (Sep 2019-April 2020) US debt grew by $2T from $22.7T to $24.7T.

Why do they insult us on taxes... since “Permit me to issue and control the money of a nation, and I care not who makes its laws.”

The deficit for fiscal 2020 is expected to soar to $3.7 trillion

I still hear the same retards gold does not matter right now.

[aeden]

Current water height: 164 meters
Max designed dam height: 175m
Height of dam: 185m

Important Three Gorges Dam data as of yesterday:

61,000 cubic meters/second inflow
36,000 cubic meters/second outflow

Current water height: 164 meters
Max designed dam height: 175m
Height of dam: 185m

I feel bad for the regular Chinese people.

More rain in the forecast.

[Higgenbotham]

A fellow said to me recently that clever academic people make bad traders; because they analyse everything and come to conclusions on what pattern or path the market will take with some certainty. They do this in other disciplines with a high level of success. So when the market does something else it takes them more time to realise that they were wrong and they take bigger losses than those who simply roll with the prices and cancel out at the first signs of getting it wrong. I am guilty of too much analysis and prediction, and I got into shorts too early. Now I shall just watch the madness as if its a fantasy show until its clear that there is a trend reversal. My analytical head says this week will be the turn but lets wait for evidence of the turn down

I think there are lots of different reasons why intelligent people can make bad traders.

One is that really intelligent people often make a lot of great trades right out of the gate, become overconfident, then blow up. This is probably the most common way intelligent people blow up their accounts.

Another is someone who is really intelligent may believe and be mostly right that trading has a great deal of uncertainty associated with it and therefore can't bring themselves to pull the trigger in a big way when they really need to.

Another is really intelligent people know they can reliably count on professionals like doctors and lawyers in other areas of their life, so they rely on "financial experts" for their investments and lose money that way. Einstein lost all his Nobel Prize money in bad bond investments, probably this way.

The divorce settlement with Mileva contained a unique clause, in which Einstein agreed that should he win the Nobel Prize he would deposit the money in a Swiss bank account in Mileva's name and she could use the interest to finance the upbringing of the children. Einstein failed to fulfill this promise, and Mileva always felt betrayed.
The newly-released papers reveal that he invested three-quarters of the money, some $24,000, in long-term bonds via the Ladenburg and Thalmann Bank in New York. Mileva was supposed to receive the interest. But the value of the bonds were wiped out in the American Depression of the 1930s and Mileva's income dried up.
On 12 June 1932, Mileva asked her ex-husband for more money to help pay the mortage on properties she had bought. "Not much is left for us to live on, especially since our income in any case has been reduced because of the loss from the papers in America," she wrote.

http://www.dailymail.co.uk/news/article ... -side.html

Another is that just because somebody is intelligent doesn't mean that they don't follow the herd. After all, to some extent, intelligence is just the ability to assimilate other ideas, including the ideas of the herd. Newton was reputed to have lost a considerable sum in the South Sea Bubble.

And I do think your friend is correct that intelligent people are often told repeatedly in life that they are smart and therefore they believe they can outsmart other traders.

With regard to the current bubble, I made a gamble back in April that the bubble mentality had ended for good. And that brings me to the last reason I can think of that intelligent people fail at trading. They tend to think that since they wouldn't buy into a bubble that other people won't either, and the market stays irrational longer than they can stay solvent.