Announcement

Collapse
No announcement yet.

Miscellaneous And Off Topic Subjects

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Jeff Buchanan
    replied
    This is from a UK website and magazine called "Wired." Its in the UK and for those that have been following this, the UK has zero COVID restrictions as of yesterday. Yep, ZERO.

    This article talks about the mental transition required to deal with this rapid change. I get there is one and that there are people who have truly suffered chronic stressors. When you start year three of this thing with unrelenting restrictions on your mobility and social interactions that change almost weekly and couple that with loosing family, friends and acquaintances to COVID, yeah, it's rough.

    I don't have a lot of empathy. My wife says its because I've never had a difficult life, never struggled. There's something to that but a 20y career in the Marine Corps coping with plenty of stress sort-of made me immune to it. I'm also a proponent of the philosophy that your life, it's success, failure, shitiness depends in large measure on the kinds of decisions you make along the way.

    Freddie Mercury's "We are the Champions encapsulates that .......



    So it's been with COVID. Never feared it, hated government defining what my risk tolerance should be and did not experience personal loss associated with COVID. Chronic stress didn't affect me and that had a lot had to do with the positive attitude I kept through writing about COVID. Therapeutic I guess. So, I looked at this article with a sort of "suck-it-up" view point as unfair as that might really be for a lot of people. Importantly, it said this:

    One of the consequences of the government lifting restrictions is that the onus to take health precautions will fall from the collective to the individual. “As we move to thinking about Covid as an endemic risk instead of a pandemic, it comes along with this shift from a public health approach of ‘What can we all do to help reduce the systemic impact of this event?’ to this being one of all the risks that we're trying to reduce for ourselves,”..........

    A hearty NO SHIT. I've been doing that, and so have many who post here, since pretty close to the beginning of the pandemic.

    https://www.wired.co.uk/article/livi...b2da6e075b25bf
    Last edited by Jeff Buchanan; Yesterday, 09:19 PM.

    Leave a comment:


  • Mike
    replied
    Let’s leave his wife out of this…

    Leave a comment:


  • THE_WIZARD_
    replied
    You need pounded.

    Leave a comment:


  • Dr. Strangelove
    replied
    The NASDAQ has been getting pounded far worse than the Dow, although not Apple. Not surprising with rates going up.

    Might've missed the best moment already but might not be a bad idea to throw a little money into a bank stock with a good dividend right now.

    Leave a comment:


  • Jeff Buchanan
    replied
    The DJIA climbed 500 + points in afternoon trading and for a change held onto those gains. Investors saw opportunity and bought the lows instead of selling the highs as they've started doing recently. Still down sharply YTD (2K points) but, taking the longer view, the DOW is up 5K over the last 12 months. Tech made big gains today also after getting obliterated early in the last two weeks.

    I think the Feds interest rate moves that will occur over this year - probably an increase of about 1% in the Federal Funds Rate - is already baked into the stock markets. Right now, in terms of consumer buying power, inflation is the bigger worry compared to, for example, auto loan or mortgage rates going up. Economists I'm reading are saying take the hit now. Stop putting it off. While rising interest rates might slow growth and consumer confidence, uncontrolled inflation is far worse.

    The federal funds rate is the central interest rate in the U.S. financial market. It influences lots of things such as longer- term interest rates - mortgages, business loans, and savings, all of which are important to consumer wealth and confidence...... but inflation will eat up your consumer buying power faster than a hike in mortgage rates will increase a monthly payment on a hoped for new home purchase.

    If you're interested, if you you're shopping for a $300K mortgage at 2.75% APR and mortgage interest rates increases to 3.75%, a monthly P&I goes up about $130. If, OTH, if a grocery cart costs $200 and inflation goes from a nominal 2% to 5% annualized over the year, that same cart will cost $272 or about $864 more money for groceries over the year. Add that kind of increase to transportation costs, fuel costs, insurance costs, etc. and the annual increase in maintaining a household goes out of sight.

    My point is, inflation is a wealth and consumer confidence killer over time. The cost of inflation pales in comparison to what short term downward pressures on the stock market that interest rate hikes produce. Markets may swoon when rates go up every quarter. My take, though, is that downward pressures are already baked in and you just experienced them in the market since January 1st. Most of the time they are short lived. That's because there are more signs that the US and global economies are strong and will continue to experience growth than there are that they are heading for a recession and will shrink.

    Leave a comment:


  • crashcourse
    replied
    talking to biden on the phone has to be like talking to a wall... or wall plant

    zelensky to use a term commonly heard should tell biden just stfu and let germany and france negotiate this thing

    Leave a comment:


  • THE_WIZARD_
    replied
    That was a racist thing to say.

    Leave a comment:


  • Hannibal
    replied
    We have an administration whose primary concern about our infrastructure is whether it's racist.

    Leave a comment:


  • THE_WIZARD_
    replied
    Hmmmmm

    Leave a comment:


  • Jeff Buchanan
    replied
    Pretty amazing no one was killed or seriously injured. If this isn't proof that America's transportation infrastructure needs serious repairs, any drive along Chicago's thoroughfares where you can see bridge structures for that city's "El" crumbling before your eyes, will convince you of it.

    Assurances like the one's made from the idiots who made this one after this morning bridge collapse, "The city's bridges are routinely inspected, he said, and if there was any warning or concern, we would have been notified and we would have made sure that we didn't use this route" are very reassuring. Right.

    We need major improvements and rebuilding of our transportation systems and, yes, Congress passed a a huge bipartisan infrastructure bill and the President signed it last November. The problem going forward is inefficient execution of the disbursements and project management that will actually fund and enable needed improvements. I'm not confident anything close to the scope of rebuilding needed will get carried off.

    Leave a comment:


  • iam416
    replied
    US Presidents should probably just never talk to Zelensky

    Leave a comment:


  • Dr. Strangelove
    replied
    Seems like a pretty big rift has opened between Zelensky and the Biden Administration. He's coming close to bashing the US and NATO at this point and saying nothing he sees indicates Putin is going to invade any time soon. He and the US are both leaking things to the media...it's a mess. About an hour ago he spoke to the press and demanded NATO give them a yes or no answer. Will they ever be allowed to join or not? I'm reading things from people that think Zelensky suspects the US is actually trying to goad Putin into invading, not stop it.

    Biden May Catch Putin in His Own Ukraine Trap - Bloomberg

    Leave a comment:


  • Dr. Strangelove
    replied
    Bridge collapses in Pittsburgh just hours before Biden is supposed to visit and tout his bridge-building program.

    Miracle that no one died. I guess there was less traffic than normal this morning because schools were on a two hour delay. Pretty sure I've actually been across this bridge. If anyone knows Pittsburgh at all it's the Forbes avenue bridge that runs through Frick Park east of Carngie Mellon

    Pittsburgh bridge collapses hours before Biden visit to discuss infrastructure - CNN

    Leave a comment:


  • Obi-Jon
    replied
    Note to self….Jeff just applauded the New York Times….googling “end of world timeframe”…..

    Leave a comment:


  • Dr. Strangelove
    replied
    Case in point, in addressing why Tesla is way behind on three new car models that Elon promised would be out by now, he rambled on about how much more critical and important their robot project is versus those dumb cars.

    I think a few years ago he promised to have a million robo taxis on the streets by 2020. That sure panned out

    Musk: Tesla robot top priority for new product development this year (cnbc.com)

    Leave a comment:

Working...
X