Bill Cara

Life & Politics

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Victor David Hansen author of “The End of Everything”, “is the Martin and Illie Anderson Senior Fellow at the Hoover Institution (Stanford University); his focus is classics and military history”

https://www.youtube.com/watch?v=kIkay6YiIhs

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Michael Howell “Cross Border Capital” on current global liquidity: 
 
“Metals and Mining have let us share this recent podcast about Global Liquidity and the outlook for commodities and other assets…”

https://capitalwars.substack.com/p/recent-podcast?utm_source=profile&utm_medium=reader2

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Released to the public. No paywall.

Andy Constan “Damped Spring Report”

“Policymakers now have an empty quiver at a time when the supply of all assets is growing and expected returns from assets is awful versus cash. We expect a meaningful and sharp selloff in Bonds to above 5% in the 2 next 3 months which will drag down the US Dollar and all assets except possibly hard money. Unless some irresponsible creative action is taken by policymakers, a significant slowdown will ensue by year-end. We are raising cash in our beta portfolio. We are adding short risk in longterm Bonds, and equities and cutting our STIR exposure to flat. Now that we’ve had our rant lets dig in.”

https://dampedspring.com/wp-content/uploads/2024/05/Fear-is-the-policy-stance.pdf

goldbug58

Was up late last night watching the NY Rangers, who won in OT 2-1 to even the series. Florida Panthers are a much better team than I expected. Both games have been physical and hard-fought battles so far.

goldbug58

Ran across several articles regarding Trump dementia issues. More so than for Biden, but in my opinion, neither of them are fit to lead and govern this country for the next four years. Have not seen much out of Trump on the campaign trail, it’s almost like he is non-existent.

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Michael Green(Simplify Asset management): 2 sectors of the Sp500 will make up 45 percent of the forward earnings growth of the entire SP500 over the next 2 years:

Start @ 21:40 min

https://www.youtube.com/watch?v=uxtRgAULqqc

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In 2020, Microsoft made an ambitious pledge: It would be carbon-negative by the end of the decade. The company was acting in response to the Intergovernmental Panel on Climate Change’s 2018 warning that, if the world wanted to keep warming below 1.5C, emissions needed to fall fast.
It was an ambitious target, but at the time it seemed achievable. Now that’s changed. New figures show that Microsoft’s total emissions in 2023 were about 30% higher than in 2020.

https://archive.is/pW7tm#selection-1635.0-1639.179

kaimu

LOL!

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Michael Green(Simplify Asset management): 2 sectors of the Sp500 will make up 45 percent of the forward earnings growth of the entire SP500 over the next 2 years:

Start @ 21:40 min

https://www.youtube.com/watch?v=uxtRgAULqqc

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Interest on federal debt

624 billion YTD fiscal year 2024

460 billion YTD fiscal year 2023

35 percent increase in one year

Page 9:

https://www.fiscal.treasury.gov/files/reports-statements/mts/mts0424.pdf

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Stock Market Crash – Flash Crash May 6, 2010

https://www.youtube.com/watch?v=E1xqSZy9_4I

goldbug58

Is this really Congress today? We are so fk’d! Clay Travis on X: “I can’t believe this is real: https://t.co/ck8aZNTEFd” / X

kaimu

Lol! Part of me is glad because after $35tril of debt over the past 60 years none of them deserve any respect and then there is the other side thinking that if they argue and bitch more they have less time to run up another $1tril in debt!

The comments remind us none of this is new and in fact at times in the past it was worse!

In fact it was worse because leftist marxists actually bombed the US Capital in the 1970s and then once out of jail the bombers joined DNC think tanks and one was an advisor for Obama in 2008!

POLITICIANS CAN ALWAYS DEPEND ON SHORT MEMORIES OF VOTERS!

KBILL972
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Mortgage rates in Canada:

“The report showed that the median increase in monthly mortgage payments will be more than 20 per cent at renewal in 2025 and more than 30 per in 2026, compared with origination. For variable rate mortgages with fixed payments, the median increase will be more than 60 per cent in 2026

Bank of Canada warns nation’s renters showing signs of financial strainShare of borrowers with credit card balance at 80% and higher continues to climb

https://archive.is/en0Im#selection-1513.0-1517.80

https://www.bankofcanada.ca/2024/05/financial-stability-report-2024/

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First 10 minutes of Wall Street Week episode from Friday October 16, 1987 just prior to the market crash on black Monday.

https://www.youtube.com/watch?v=2MyToTwag34

kaimu

I love these historical tv moments. I do recall Louis!

While the stocks crashed gold went from $368 in 1986 to $447 in 1987 up 21%!

goldbug58

I was a fan of Louis Rukeyser and used to watch Wall Street Week every Fri night in the 80s thru the early 90s. He had quite a dry sense of humor, and always had great guests.

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Extreme confidence…nothing will ever go wrong?

“I spent yesterday among the masters of the universe at the annual Milken Global Conference in Los Angeles, and walked away with one overriding thought: Most everyone was quite satisfied with the current state of affairs”

“Positivity was palpable. Not just because most everyone there is fabulously wealthy, but because they sincerely expect to get even richer in the year ahead”

https://www.axios.com/2024/05/07/milken-conference-2024-bankers-israel-gaza-election

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How the ‘Harvard of Trading’ Ruined Thousands of Young People’s Lives
IM Academy promises a Wall Street education. But instead of riches, many of its members have lost everything.

https://archive.is/uaEmG#selection-1371.0-1375.109

Jaggu431
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A student shares their iPad screen with the new ChatGPT + GPT-4o, and the AI speaks with them and helps them learn in *realtime*.

https://twitter.com/mckaywrigley/status/1790088880919818332

Introducing GPT-4o and more tools to ChatGPT free users

We are launching our newest flagship model and making more capabilities available for free in ChatGPT.

https://openai.com/index/gpt-4o-and-more-tools-to-chatgpt-free/

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Ford Cuts Battery Orders as EV Losses Top $100,000 Per Car

https://archive.is/UPI4z#selection-1389.0-1389.58

EV manufacturer Lucid this week reported that it lost $684.8 million in the first quarter of the year. That’s $348,124 per car delivered.

https://archive.is/69zVA#selection-6361.0-6367.116

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The US BLS has announced that coffee prices will no longer be factored into CPI inflation data.

https://www.bls.gov/cpi/additional-resources/discontinued-series.htm

goldbug58

Registering a car in NYS with a special situation (the owner passed away). Ok, let’s see how I prove that I am who(m) I say I am: upload US passport; upload front and back of driver’s license; upload Social Security card (what?!); upload two proof(s) of address (utility bill and a bank statement); if a veteran, upload DD-214 and/or a copy of US military retiree card. Fill out one of their stupid forms. This is just the Pre-Screen. Take the whole kit and kaboodle to a DMV office and sit and wait for 3-4 hours.

goldbug58

Silver Institute 2024 annual survey. Some good information in here if you are interested in the silver market. Chaired this year by Philips S. Baker, CEO of Hecla Mining. It’s 92 pages long but has an index so you can jump to whatever section interests you.

World-Silver-Survey-2024.pdf (silverinstitute.org)

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Bumble founder Whitney Wolfe Herd says the future of dating is having your AI date other people’s AI and recommend the best matches for you to meet

https://twitter.com/tsarnick/status/1788826317712245107