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Messages - littleman

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2
Quote
Early in the week, the markets were underpinned by optimism over potential production cuts by OPEC. Today, it’s better than expected U.S. retail sales data supporting prices. On Thursday, the U.S. reported that retail sales rose 0.7% in July as consumers bought a range of goods

Betting on the blissful ignorance of the average American consumer to fuel the economy can only work so long.

3
Water Cooler / Re: Amazon Dirty Scam
« on: August 15, 2019, 09:53:00 PM »
Ergophobe, for some reason this reminded me of going to the airport.  We're all potential shoe-bombers now.

4
What did you commit to Dras?

5
Economics & Investing / Re: At what age do you want to retire?
« on: August 14, 2019, 10:16:48 PM »
Even though there are limitation imposed by the institutions of given societies, and the USA in particular isn't really set to let people ever have satisfaction I think a simplified, happy life is possible here.

http://www.professionalwealth.com.au/media/1116/pw-your-money-or-your-life.pdf

Ego is probably the biggest obstacle.

A 2004 Honda Civic (~$2000) is more reliable transportation than a 2019 Maserati GranTurismo (~$150,000).  If one can hop off the rat race s/he could live a pretty nice life in the first world.

6
Yeah, lots of bad news today. 

7
Water Cooler / Re: Quotes that hit home
« on: August 14, 2019, 04:43:38 PM »
Power doesn't always corrupt. Power always reveals. When you have enough power to do what you always wanted to do, then you see what the guy always wanted to do.

Robert Caro

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Quote
Value stocks have already priced in a recession: the SCHV (Schwab Large Cap Value ETF) sports a dividend yield of 2.96%, nearly double the 10-year Treasury yield of 1.64%. Meanwhile, the QQQ (Invesco QQQ Trust), the tech-heavy talisman of growth investors, pays only 0.78%. It's normal for growth stocks to pay a lower dividend than value stocks, but the size of the current gap is historically huge. The disparity can no longer be ignored.

A stock like Amazon (AMZN), trading at 73 times trailing earnings, can lose half its value in a Nasdaq minute as soon as a recession becomes visible. The sky-high multiple depends on continued high rates of growth, and even companies like AMZN lose momentum in a recession. Most readers of this article are too young to remember, but AMZN lost more than 90% of its value in the recession of 2001. It barely shows up in the chart today, but AMZN declined from a late-nineties high of over $100 to less than $6 by September, 2001.


The Coming Recession Will Crush Growth Stocks

9
Water Cooler / Re: Core continuing commitment to health and fitness
« on: August 12, 2019, 04:34:56 AM »
4/4 gym session for the last two weeks

10
Quote
Civil liberties groups are warning of a major threat to online freedoms and First Amendment rights if a leaked draft of a Trump administration edict—dubbed by critics as a "Censor the Internet" executive order that would give powerful federal agencies far-reaching powers to pick and choose which kind of Internet material is and is not acceptable—is allowed to go into effect.

https://www.commondreams.org/news/2019/08/11/leaked-draft-trump-executive-order-censor-internet-denounced-dangerous

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I could see this working its way into augmented technology set of glasses someday.

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I don't understand how this could work unless there is some type of subsidy that is hidden.  Big investors  are likely to come in and buy up all the property -- pushing up prices out of reach for common folk.

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Seems odd to me that a device developed by Google would auction off the default to the competition.  I don't get how this model will even come close to rivaling ad revenue.

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I know I said this before, but Sears had it all to capitalize on the web and threw it all away; oh well it is a very old story repeated again and again.

The last Sears catalog was 1993.

The first year of Amazon was 1994.

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Economics & Investing / Re: At what age do you want to retire?
« on: August 09, 2019, 04:33:02 AM »
I have the first three down, waiting for the fourth.

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