Independent thinking for complex markets and current events
Costco’s stock price is a gravity-defying spectacle, but the laws of parabola always win. A grocery store, no matter how beloved, should not be trading at a P/E of 62. That’s not sustainable; that’s euphoria. Every bubble looks justified until it bursts, and when reality sets in, valuations will find their way back to sanity. …
by Michael What in the world just happened at Reagan National Airport? Like many of you, I was deeply distressed to hear of such a great tragedy that should have been so easy to avoid. There is no way that we can bring back those that have died. Many believe that if competent people were …
“Biden issues ban on offshore oil and gas drilling in most federal waters” WASHINGTON (AP) — President Joe Biden is moving to ban new offshore oil and gas drilling in most U.S. coastal waters, a last-minute effort to block possible action by the incoming Trump administration to expand offshore drilling. Biden, whose term expires in …
"Prime" rental space available in Uptown Minneapolis.Not only will you have Urban Camping in front of your store, but there will also be no parking due to the designated bus lanes that will bring even more Urban Campers to your block. Winning. pic.twitter.com/ArYTo548UF — CrimeWatchMpls (@CrimeWatchMpls) December 26, 2024
Unhappy with the election results? This time, don’t count on an army of angry women in pink knit caps marching down the streets of America’s major cities to provide you succor. Because, according to The New York Times, it turns out white-hot, inchoate rage eventually burns out — even if it takes eight or so …
Unhappy with the election results? This time, don’t count on an army of angry women in pink knit caps marching down the streets of America’s major cities to provide you succor. Because, according to The New York Times, it turns out white-hot, inchoate rage eventually burns out — even if it takes eight or so …
And the women start making excuses like post mortem depression when woman share custody they feel like it’s a loss so the system gives it to women. h/t dimwitty
PAS-DE-CALAIS : L'église de l'Immaculée-Conception à Saint-Omer vient d'être détruite par un incendie. La toiture et le clocher se sont effondrés. (Facebook – Rudy Hanicq – Sophie Barrere) pic.twitter.com/f4jEqRg4JF — Infos Françaises (@InfosFrancaises) September 2, 2024 h/t JADR
The iconic Burning Man festival is feared to be on its last legs, with demand for tickets at an all-time low just a week before the event begins. Fed-up revelers fled Nevada’s Black Rock Desert last year after torrential rain turned the event into a muddy mess – and now it seems the magic has …
by Michael The people that guard our leaders are supposed to be the most highly trained security personnel in the world. So how could something like this have happened? As I mentioned in a previous article, I have been trying to put the pieces together. To me, it appears that we either just witnessed incompetence on an epic …
Mayhem and unrest has taken place across France after the results of the first round of voting in the French Election. As France heads back to the polls in the coming days, shops are being boarded up and parts of the population are concerned at what chaos could ensue. Following the first round of voting, …
https://x.com/Artemisfornow/status/1791364158576861531 https://x.com/BGatesIsaPyscho/status/1791349117911711961
A car accident on Christmas Day caused a fire that required four tankers, over 10 rescue organizations and 36,000 of gallons of water to put out. The catch? Not a single drop of gasoline was involved. According to WIAT-TV, authorities in Pine Level, Alabama had such trouble putting out a fire caused by a Tesla …
by DAVID HAGGITH While we are far from the hyperinflation some have predicted errantly for years, we are back to inflation getting hotter, and the market just got a tiny taste of that lingering spicy burn today with the release of the Fed’s minutes. Investors turned the minutes over and inside out several times looking …
by confoundedinterest17 Fire! Yes, Biden and Congress created a fire with it reckless Federal spending leading in 40-year highs inflation, prompting The Fed to counterattack with rapid rate hikes. We now see the 10-year Treasury yield passing 5%. And the REAL 10-year Treasury yield passing 2.46%. And Freddie Mac’s 30-year mortgage rate survey is at 7.63%, …
This is just further proof that the Fed’s policies are harming the economy and benefiting only the rich. The fact that bankruptcies are rising shows that businesses are struggling to keep up with higher interest rates, and this is ultimately going to hurt consumers as well. The Fed needs to stop hiking rates and start …
Rep. Lauren Boebert (R-CO) has been removed from the Texas Youth Summit’s speakers list after video footage showed her vaping and fondling her beau Quinn Gallagher during a Denver performance of Beetlejuice the musical. On Friday, organizers for the event, aimed at young conservatives ages 12 to 26, announced that Boebert had been added to …
via reuters: Thousands of Burning Man attendees readied to make their “exodus” on Monday as the counter-culture arts festival in the Nevada desert ends in a sea of drying mud instead of a party around its flaming effigy namesake. Rain over the weekend turned the once hard-packed ground to pudding. One person died at the …
https://www.reuters.com/world/us/one-death-reported-burning-man-thousands-stranded-mud-rain-2023-09-03/ They’re being told to Shelter In Place And Not to Leave They Are Under Lockdown Proof: All Roads Closed AC
Burning Man ‘shelter in place’: Mud closes roads; thousands told to conserve water, food The Gate and airport in and out of Black Rock City remain closed. Ingress and egress are halted until further notice. No driving is permitted except emergency vehicles. If you are in BRC, conserve food, water, and fuel, and shelter in …
by confoundedinterest17 The Talking Heads said it best. Bidenomics is burning down the housing market. Bidenomincs (or trying to recover from Yellenomics) is responisble for interest rates rising to flight inflation and the collapse of mortgage lending. And she was … Janet Yellen. Mortgage demand (applications) decreased 4.2 percent from one week earlier, according to data from …
The last couple of days, Greece is burning again, but in this case, especially close to the borders and next to military installations within the rest of the country. A fire next to the Alexandroupoli port in N. Greece which is also a military base has been blamed on traffickers of illegal immigrants since it …
The fires on Tenerife in Spain’s Gran Canary Islands are out of control and Spanish Newspaper this morning reporting that there were various focal points where fires started at the same time, indicating arson. Thousands of residents and tourists have been evacuated as villages in danger. This is a link to the article citing arson. …
Let’s see how the levered up AirBNB gamblers are doing pic.twitter.com/DagjVLjfGv — Don Johnson (@DonMiami3) July 29, 2023 Housing Bros: Real Estate prices will stay elevated even with rates at 7% Housing Reality: We just slashed our listing price by -50% after listing it for 1 month. God Speed 🫡 pic.twitter.com/dgeDrS0VL6 — The Punisher (of …
Prepare for another round of toxic smoke. BC is burning up! This is the worst year for fires on record for the province of BC. It has been very dry and the winds are expected to pick up late this week. Eastern Canada and the US could soon be blanketed in smoke again. https://governmentofbc.maps.arcgis.com/apps/webappviewer/index.html?id=950b4eec577a4dc5b298a61adab41c06 Evacuation …
STOCKHOLM (AP) – Stockholm police on Friday said they have authorized a protest this weekend by a man who has stated that he wants to burn the Torah and the Bible outside the Israeli Embassy in Stockholm. Israeli officials called on the Swedish government to stop the protest, which is scheduled to take place Saturday …
by Chris Black It is unclear why Sweden invited in all of these Muslims to their country and then started provoking them. It’s a very strange behavior pattern. Swedish police authorised another Quran-burning ‘protest’ in Stockholm yesterday, on the day of Eid al-Adha in front of the main central mosque in the Swedish capital. The …