by MemoryOfThatDay “The archetypal wonderful company—think See’s Candies—grows with minimal incremental reinvestment, compounding the intrinsic value at a high rate while paying out most earnings. Provided that the business continues to earn returns in excess of the required rate of return and sustain its competitive advantage, investors are rewarded for holding wonderful companies for long … Read more
Thoughts on this? “IRA owners who are adversely affected by the coronavirus pandemic (and there will be plenty of them) will be eligible to take tax-favored coronavirus-related distributions from their IRAs. To keep things simple, let’s call these distributions CVDs. They can add up to as much as $100,000. You can recontribute a CVD back … Read more
by Global-Quiet I’ve noticed a trend of posts which can basically be reduced to be “it’s bad, so let’s short”. I’d suggest that we should go beyond this type of analysis to not get caught holding the bag. In short, the outright level of “how bad it is” isn’t what drives markets in the long run … Read more
by LAXtoHNL After a couple of weeks of trying to determine who will be hit hardest by the beer flu, I now feel that Hawai’i is beyond f*cked. Having been to Hawai’i numerous times, I cannot imagine how Hawai’i recovers. There are virtually no flights going to Hawaii, Hawaiian Airlines is all but grounded, 80-90% of … Read more
The Mortgage Bankers Association warned that the housing market could face a ” large-scale disruption,” due to actions by the Fed that were meant to help the mortgage market. The Fed bought $183 billion of purchases last week of mortgage-backed securities, in an effort to drive down rates, and they did. But the Fed’s actions, … Read more
Economists Predict Potential End of the Euro Due to Coronavirus It is a sad testimony to the inadequate response of the EU to Italy’s plight that after being refused help they turned to Russia for emergency medical equipment. Two economics experts have predicted that the Chinese coronavirus could lead to the end of the euro … Read more
https://www.youtube.com/watch?v=Sdn4dsaVj_M Cristina Laila from The Gateway Pundit reports, This is CNN. CNN host Brianna Keilar on Thursday abruptly ended the segment when Trump advisor Peter Navarro blamed China for the virus. CNN doesn’t want to upset the ChiComs. “We all as a country got dealt a bad hand by China,” Navarro said. Brianna Keilar snapped. … Read more
Cuomo says the ventilators NY has have not been distributed because “the hospitals don’t need them yet.” He says he expects they will be needed when the NY outbreak reaches its apex. pic.twitter.com/yDRBgmvUWd — Brit Hume (@brithume) March 27, 2020 New York Governor Andrew Cuomo acknowledged Friday the state did have a stockpile of unused … Read more
From AOC to Joe Biden, Democrats this week have said some crazy $#^! Steve Deace presents the top moments of Democrat cringe.
https://www.youtube.com/watch?v=I0iO9f897Rs The US economy has experienced a unprecedented economic meltdown in the last two months and there is no doubt that the global economic collapse is finally here with us. Unlike the 2008 Great Recession , the current economic crisis looks uglier because it has been triggered by a global health problem. Millions of people … Read more