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MikeLaRonde
Joined: 11 Jun 2001
Posts: 768
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 Posted: Wed Mar 29, 2023 10:11 pm Post subject: |
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Ice Ice baby
Last edited by MikeLaRonde on Thu Jul 13, 2023 10:34 pm; edited 1 time in total |
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boggsman1
Joined: 24 Jun 2002
Posts: 9120
Location: at a computer
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| Posted: Thu Mar 30, 2023 10:20 am Post subject: |
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| MalibuGuru wrote: | | vientomas wrote: | | MalibuGuru wrote: | | boggsman1 wrote: | | MalibuGuru wrote: | | boggsman1 wrote: | The one thing that is not clear , and it's bad is the FED facility .. The FED is taking in collateral and paying par for this collateral .So, if a treasury or mbs is trading at $88, and the FED takes it in at par , that means the FED is taking a $12 unrealized loss .. This is a huge number -- the window has been tapped as much as the discount window in 2008. The tax payer will pick this tab up because the Fed is ultimately backstopped by the tax payer ..
It is absolutely ok to challenge the decision to essentially lift the $250000 fdic insurance level.. We've socialized banks and deposit risk by doing this .. I also think idiots like Peter Thiel should be skewered -- it's a federal crime to trigger a bank run.. |
It seems to me that the run was inevitable. More importantly, you could say he warned his people with legitimate knowledge and concern |
Days after triggering a run, he pleaded with the FED to save them .. Is that ok with you? Socialize the losses, and protect billionaires? |
The Trump crew don't disagree with you. We loathe the billionaires. We want a return to free enterprise and free markets. |
Bullshit. You want oil to be held at $40 a barrel, and also want a free market for oil? Can't have it both ways. Without the government subsidies given to oil companies, gas at the pump would be waaayyyy more than it is now. Government subsidies to corporations is not a "free market". |
Oil at $40 a barrel (or below $70) is a no-brainer. Fracking, drilling, exploring, encouraging are all easy to do with the right leaders. (Like Trump) |
Not true....especially now with inflation, and higher cost of capital. You need to go back to school, and study finance. Last time we were at $40, we lost hundreds of frackers. This time it will be worse. $65-$100 is where it all works. |
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MikeLaRonde
Joined: 11 Jun 2001
Posts: 768
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| Posted: Fri Mar 31, 2023 10:13 pm Post subject: |
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I hope this lovely graph helps shed some darkness on where the price of oil might not be headed. You can see the delayed effects of all the funny money, and that the latest round really hasn't taken hold just yet. Or has it?
What boggles the mind is how all the "printing" hasn't sent oil (and all) prices into the stratosphere. Did they really say "Trillion" with a T each time? There is a serious unknown dark force at play, as the population reduction factor is just getting started. |
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vientomas
Joined: 25 Apr 2000
Posts: 2343
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MikeLaRonde
Joined: 11 Jun 2001
Posts: 768
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| Posted: Tue Apr 04, 2023 9:38 pm Post subject: |
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"surprise" reduction, eh?
| Quote: | | "OPEC is taking pre-emptive steps in case of any possible demand reduction," Amrita Sen, founder and director of Energy Aspects, said. |
"Demand reduction". Sure. Now, tell me, when in the history of economic growth (what every country wants, right?) have we heard of such a thing?
Care to guess when was the FINAL (for the foreseeable future of humanity) end of economic growth? LOL. It's right there in the the chart above, conveniently annotated for your viewing displeasure. |
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MalibuGuru
Joined: 11 Nov 1993
Posts: 9300
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| Posted: Wed Apr 05, 2023 8:16 pm Post subject: |
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Russia is now trading in Chinese currency, and the rest of the world is following.
You idiots voted for Biden and now the dollar is crashing.
In further news, the cartels had no power under Trump, and they respected him. Biden has shit the bed. |
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mac
Joined: 07 Mar 1999
Posts: 17748
Location: Berkeley, California
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| Posted: Wed Apr 05, 2023 9:38 pm Post subject: |
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| MalibuGuru wrote: | Russia is now trading in Chinese currency, and the rest of the world is following.
You idiots voted for Biden and now the dollar is crashing.
In further news, the cartels had no power under Trump, and they respected him. Biden has shit the bed. |
Where do you get this crazy stuff? |
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vientomas
Joined: 25 Apr 2000
Posts: 2343
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| Posted: Wed Apr 05, 2023 10:04 pm Post subject: |
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| MalibuGuru wrote: | Russia is now trading in Chinese currency, and the rest of the world is following.
You idiots voted for Biden and now the dollar is crashing.
In further news, the cartels had no power under Trump, and they respected him. Biden has shit the bed. |
Do you maybe think, just a little bit, that foreign powers saw the absolute chaos that Trump has sowed in the US and they thought...might be a good time to fuck with us a bit?
You want to blame Biden? Name one policy of his which has resulted in a crash in the Dollar. |
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MalibuGuru
Joined: 11 Nov 1993
Posts: 9300
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| Posted: Wed Apr 05, 2023 11:10 pm Post subject: |
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| mac wrote: | | MalibuGuru wrote: | Russia is now trading in Chinese currency, and the rest of the world is following.
You idiots voted for Biden and now the dollar is crashing.
In further news, the cartels had no power under Trump, and they respected him. Biden has shit the bed. |
Where do you get this crazy stuff? |
What do you think Putin and Xi are doing in their meetings. Playing checkers. The dollar is collapsing against world currencies. Gold is skyrocketing. This rejection of the dollar is cascading. |
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MalibuGuru
Joined: 11 Nov 1993
Posts: 9300
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| Posted: Wed Apr 05, 2023 11:13 pm Post subject: |
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| vientomas wrote: | | MalibuGuru wrote: | Russia is now trading in Chinese currency, and the rest of the world is following.
You idiots voted for Biden and now the dollar is crashing.
In further news, the cartels had no power under Trump, and they respected him. Biden has shit the bed. |
Do you maybe think, just a little bit, that foreign powers saw the absolute chaos that Trump has sowed in the US and they thought...might be a good time to fuck with us a bit?
You want to blame Biden? Name one policy of his which has resulted in a crash in the Dollar. |
Emptying our SPR, printing money endlessly, shutting down oil exploration, shutting small businesses during Covid.... |
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