Free Market Winning Everywhere
*MEXICO PASSES BILL TIGHTENING STATE CONTROL OVER FUEL MARKET
free markets winning everywhere
— zerohedge (@zerohedge) April 22, 2021
With that Tweet, ZeroHedge wins the blue ribbon for best sarcasm of the day.
A Word About the Border and Tone
If Democrats think they have a voter mandate to reverse any and all restrictions on immigration advanced by the previous administration, they’re kidding themselves, writes @jasonrileywsj https://t.co/QZ24HeiGZY
— Wall Street Journal Opinion (@WSJopinion) April 22, 2021
Observations on COIN
Coinbase has traded with three different 100-point handles since its direct listing last week. https://t.co/O64yM5Y1zn
— Bespoke (@bespokeinvest) April 22, 2021
by now COIN insiders must have sold all their holdings and are now shorting the stock and buying puts
— zerohedge (@zerohedge) April 22, 2021
A quick check shows Coinbase fell another 6% today.
Reflections on Tesla
Tesla Model Y Can Be “Tricked” To Drive With “Nobody In The Drivers Seat”, Consumer Reports Says https://t.co/31DnaW2WJN
— zerohedge (@zerohedge) April 22, 2021
Who’s behind the wheel?
Lots of Controversy Over This Tweet
NBA, Sponsors Remain Mum Amid LeBron James Controversy Over ‘You’re Next’ Tweet https://t.co/zy0MCorKMk pic.twitter.com/10tqZtiFAe
— Daily Wire (@realDailyWire) April 22, 2021
Crypto Tax Rumors
Bitcoin taking further hits lower – rumours of US tax on crypto will not go away https://t.co/xS5PPHjQKO
— ForexLive (@ForexLive) April 22, 2021
Higher Taxes
Scoop from me and @laurapdavison: President Joe Biden will propose taxing capital gains for wealthy individuals at the top individual rate of 39.6% AND Obamacare’s 3.8% net investment income tax would still apply, meaning investors could face a rate as high as 43.4%.
— Ally Versprille (@allyversprille) April 22, 2021
Minneapolis College Student Exits the Town
A college student writes: I’ve lived in Minneapolis my entire life. But I’m leaving this dark, surreal, twisted version of Minneapolis on Friday. And I pray to God that I never have to come back. https://t.co/W5DbbztFYL via @collegefix @AlyssaRAhlgren @AlphaNewsMN @MNThinkTank
— Mark J. Perry (@Mark_J_Perry) April 22, 2021
That is a very interesting read offering insights into what is really happening. Give it a look.
Happy Earth Day
Happy Earth Day pic.twitter.com/WeiuzCQSRp
— . (@StockCats_2009) April 22, 2021
🌍🌎🌏 Happy Earth Day 🌍🌎🌏
— Elon Musk (@elonmusk) April 22, 2021
Reflections on the Stock Market
https://twitter.com/maxblaster/status/1385303975038181379
1999 Vibe
“The last time we saw such an upbeat zeitgeist that did not coincide with an immediate equity market correction was in 1999.” Historically, Citi’s Panic/Euphoria model “would indicate a 100% probability of lower share prices over the next 12 months” https://t.co/0bGrxxNekM
— Lisa Abramowicz (@lisaabramowicz1) April 22, 2021
“The last time we saw such an upbeat zeitgeist that did not coincide with an immediate equity market correction was in 1999.” Historically, Citi’s Panic/Euphoria model “would indicate a 100% probability of lower share prices over the next 12 months”
Stunning Volcano Footage
Stunning Volcano Footage
Amazing lava flow footage from active volcano in Icelandhttps://t.co/E2nr3qCMnK
— Mike “Mish” Shedlock (@MishGEA) April 22, 2021
That’s likely the best volcano drone footage ever. Don’t miss it.
Mish
I don’t see how today can be compared with 1999 as there is a huge difference in interest rates. Back then you could sell and invest in fixed income for cash flow, that option no longer exists.
Here’s a really special one from California – AB 672. link to smdp.com
Ted Cruz hit his head and got amnesia in Cancun…”You didn’t see Republicans when we had control of the Senate try to rig the game. You didn’t see us try to pack the court.”
To pack the court means to expand the court. It is the Democrats that want to expand the court. It is Democrats that have amnesia when it comes to factual definitions.
Neoliberalism has run its full course. The pendulum will swing the other way. Mish & Co. will keep ranting, but they still keep all the money they made from the poor and middle class for forty f-ing years. Talk about insatiable greed!
Mish just went where the economy went. To FIRE. People adjust to the times. More opportunities will always be there. Life will not end and mankind will adjust. The sky is not falling despite what anyone may read on twitter.
neoliberalism will survive long after you are dead and gone.
Funny crypto story.
I traded crypto and tried to build a portfolio in alt coins in 2019…all year…but it wasn’t a great year for me, and at year end I needed cash, so I got out. I knew someday some of the coins I liked would do well, but I just couldn’t afford to wait forever. So after I got out, I made myself stop following the market. I didn’t want to kick myself when they took off.
One of my favorites in 2019 was VeChain, and I once owned a lot of it. On a whim, I had gifted my daughter with 100K VeChain (maybe it cost me a hundred bucks, not too much anyway, I don’t remember exactly)……and I forgot about it completely.
Today she showed me her account. It’s worth nearly $20k now.
In 2008 time frame I was helping some guys launch an online browser game. They were based in Sweden and wanted to do a kickstarter campaign but those were only allowed to be done in the USA. So as part of my effort, I registered the company name here in the USA under my name and ran the kickstarter campaign. It raised around 10K which I had to transfer to Sweden. There was no easy way to do a transfer of funds without the banks on both sides skimming a couple of percent.
So they suggested Bitcoin which was worth around $1 each. I ended up buying 10K worth of bitcoins and did the transfer. After they got the game up, a bunch of us were playing head-2-head for 1-2 bitcoins per game ($1-2 bucks). That stopped a couple of years later and everyone donated what was left to the developers to continue the game. Much later when bitcoin started to be worth some real $ (10K or so) I went back and looked in my wallet to see if I had kept a few for playing. Sadly I hadn’t and I kick myself all the time over not keeping a handful or else I’d have half a million or more worth.
Once upon a time there was religion promising us the way to paradise ….now it is crypto !
Minneapolis girl, go back…you’re gonna miss those -60 degree days. Don’t move to Austin, you’ll melt.
I thought the solar system tax joke was hilarious.
On the stock market topping….well, it always does correct sometime….but this time it’s different…..lol.
The volcano footage was incredible.
I would consider buying something like Coinbase when it bottoms…..they are very well positioned to profit…..very well run imho, well connected with regulators. What’s not to love? But let it find its real price first.
I smell opportunity there. They are almost a monopoly crypto exchange in the US. I’d rather own Coinbase than own bitcoin.
Give us a call when it “hits bottom”, OK?
Everybody’s a comedian.
When a much-hyped IPO tanks, it can represent an incredible opportunity. I remember when Dell went public…it opened at 8.50 and then quickly dropped to 4….but it then went nowhere but up for years. It split many times and made some regular working people here into millionaires. I knew a guy who parlayed 300K into 6.8 million.
If you know anything about crypto, you know that for US crypto buyers there aren’t that many exchanges worth using….and you can’t buy or sell on foreign exchanges without lying and using a VPN, which is very risky business, although a lot of people do it,
Coinbase is by far the best US crypto exchange, and the only one I’d use.
Dellionaires! I remember moving to Austin in 2000 and that’s what they were all called and I met plenty during my times on Lake Travis and Lake Austin.
EBay, Facebook are a couple of other tech companies that went down initially (for a few months after their IPO) before skyrocketing to 10x-20x their IPO over the next couple of years (I made money on EBay because my wife loved the site and used it so much so I knew a lot about it). If it’s a legit business model that can turn a profit (Dell, EBay, Facebook etc) then the stock will be going up.
I agree that the WSJ planet comparison was hilarious.
As for the Minneapolis girl, and the weather, I’d take Minneapolis over Texas any day. Minneapolis is a bit colder than I like, but I can’t take the heat. I lived in Dallas for a few years, and I remember trying to get to sleep one night, in my non-airconditioned apartment, listening to the radio, and the announcer said it was midnight, and the temperature was 95, and I thought “what the hell am I doing here?” After a stretch of 44 out of 45 days over 100, with a high of 116, and getting heatstroke where I almost passed out from trying to play gold on the one “cool” 98 degree day in that run, I decided I needed to move north.
golf…, not gold
Wasnt it like -15 in Austin ?
The coldest morning at my house was 7 degrees F. I had a patient from the Wells Branch area who said it got down to 2F at his house…..that’s the coldest I’m aware of.
I have no links on my browser to any of those stories? I tried on another browser and none there either.
Did the links get eaten in some manner?
Still working for me…using Safari.
You should see Tweets which if you click on would take you to articles some of which are paywalled.
Do you not see Tweets?
I see bolded text like
Minneapolis College Student Exits the Town
Stunning Volcano Footage
which I assume are Tweets that would link to something I could read the rest of the article. But none of the bolded text links to anything. This is in Firefox (with some adblockers) and Chome (stock, no add ons or plugins)
If you have a javascript blocker, and block java from Twitter (which I do most of the time), you will not see links.
How would I know if I have one? My Chrome browser is stock and I’ve never added a JS blocker to Firefox (just ad blockers).
A stock Chrome should not block JS. I don’t use Chrome, but perhaps there are options where you can able enhanced privacy? On Firefox, try disabling the various ad blockers, and then reloading the screen. I did some experiments on my computer, and Ad-block Plus does not block the Twitter links, however No-Script, Ghostery, and Bitdefender Anti-tracker all block it.
I normally have my adblock turned off as I do not object to ads. I do object to the trackers however, so I usually have the tracker-blockers turned on.
Haven’t found active links in Mishtalk for years now, including for Replies.
Notified you of this several Times, nothing ever changed
Using Firefox v 81.0.1
So you for socialism then? If so, unless you’re Warren Buffett, I’m not impressed. If you have money, then yes, I’d be impressed with a rich dude pushing for socialism, speaking against their book, though I’d not agree with them.
Interesting?
No, entirely predictable.
WSJ, repeating what it has said forever.
The College Fix, playing its right-wing tilt to the hilt on another day.
Tyler Durden with no new tunes.
And yes, other planets have no taxation. So???
They might as well say, “The highest number of known living things in the solar system”!!!! {{{{Yawn}}}}
Were any of the accounts in the Colleg Fix article flase? The Ace Hardware story. The carjackers fleeing to the autonomous zones? People dying in the AZ due to delayed emergency medical response?
If so, please share.