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Showing content with the highest reputation on 10/05/2020 in Posts

  1. 2 points
  2. Amazing how the fickle operation of Casino Capitalism works. With all of the hype and spin the looney left media puts on eco-nonsense and anti-carbon, those who have been playing the board and betting on a "sure thing" or two are getting walloped if they played Exxon: https://www.ft.com/content/39a70458-d4d1-4a6e-aca6-1d5670bade11 If "markets" reflect anything (other than the musings of the "analysts" who are used to jerk the prices around according to the flavour of the booze and drugs at their social interactions the night before) it sure as hell isn't related to reality. Yes, the demand for oil during Wuhan Virus times is dramatically down due to reduced travel, but the idea that a handfull of wind generators is going to replace the entire petroleum infrastructure in the foreseeable future is total nonsense. Sadly, Exxon is what I would consider a "blue chip" since price-to-book has remained very stable and "reasonable", so few trade it for speculative purposes, but hold it for the dividend (which, IMHO is what the entire equities market SHOUD be about). https://ycharts.com/companies/XOM/price_to_book_value NextEra is not really goofy, but much more of a speculative play https://ycharts.com/companies/NEE/price_to_book_value While NEE is at 3.71, have a look at a genuine speculative play and try to understand how playing at the casino has defunded real investment and hobbled our economies: https://www.macrotrends.net/stocks/charts/TSLA/tesla/price-book#:~:text=The current price to book,October 02%2C 2020 is 36.07. Money going into bets on the future of Tesla should be used to invest in real business on Main Street, but with the promise of windfall profits from speculating, it is instead thrown at the roulette wheel of equity trades with about the same chances of beating the house as you will get in Vegas. Our failure to tax speculative gain, and our blind ignorance of the problems of corporate governance of publicly traded companies is disgusting. Here is a snapshot of how even a relatively small company can and DID behave at the expense of regular shareholders and great benefit to the officers, directors and their friends outside and inside: https://www.portandterminal.com/how-a-texas-shale-suppliers-founders-made-fortunes-as-the-firm-failed/
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  3. Also that politics is frequently not a choice about what you like, but what you hate less.
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  4. My area is in logic, math, and science. This is NOT universally agreed on and is more of a philosophical issue of contention between differences of interpretation, just as many other related issues in these areas. Numbers represent the real collections and so while the language we use is relatively artificial, numbers are not. We live in a universe run by 'laws' which require accepting that these are real. If the tools we use, like logic and math, are pure fabrications, then you could not trust using logic nor math to prove anything. The first and most significant "science" all of us do as children is to INDUCE what patterns of reasoning are. Then we guess what this is by postulating a set of agreed to means to DEDUCE through this system of reasoning we call 'logic'. The WAY we formulate in the most universal sense, requires recognizing that there is an underlying 'logic' to reality (those 'laws'). They are abstract FORMS (or 'formulas') but nevertheless more real than anything else. In fact, if the meaning of numbers (not the arbitrary language we use to express it) is still properly real numbers.
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  5. It’s funny cause it’s true!
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  6. The Squad, apparently...Joy Reid...etc. The usual culprits.
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  7. Then there is this today.....
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  8. This is interesting...comparison-wise. Google Searches for "Trump Won" & "Biden Won" post debate. https://trends.google.com/trends/explore?date=now 1-d&geo=US&q=Biden won,Trump Won
    1 point
  9. But, but, but...he's dying. Right?? Please tell me it's true...lol.
    1 point
  10. President Trump back to normal...tweeting up a storm.
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  11. When the option is cozying-up to the USA or Red China...some choose Red China. Since Orange Man is very very bad...naturally Red China is the exact opposite...very very good!
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  12. There is a LOT wrong with the markets. There is a lot of insider information passed among the big traders, far more than the SEC ever acknowledges. High speed trading is just plain cheating on ordinary investors, as is the ability to buy and sell in the pre-market and after-market. And we know the likes of Moodies and other ratings agencies are often in the pockets of the companies they're rating. And your complaint about taxes is just an extension of the bribery and corruption which lets rich people and corporations pay little or no taxes on everything they do. The tax codes are hopelessly corrupted with loopholes inserted by politicians being paid off for their cooperation. At the same time, ordinary people are given little choice but to play in the market if they want to have money for their retirement. Nobody is having eight kids to support them in their dotage any more. And only a few lucky unions with good deals (and all government sector workers) can be assured of comfortable pensions. Everyone else is on their own. And neither bank accounts nor bonds pay anything. And those ordinary people are often preyed upon by 'financial advisors' with no fiduciary responsibilities, and by banks who direct them to high price, low return mutual funds run by the banks. So if your point is it's a shit system, well, you won't find much argument. I'd like to see huge changes in how the markets are overseen, in how companies and the wealthy are taxed - including large increases in taxes for dividends and capital gains beyond a certain amount (ie, $100k). But I think we both know that's not going to happen because the politicians are in the pockets of and on the same side as the corporations. And yes, that most assuredly means the Liberals too. They've been in the pockets of billionaire corporations and wealthy families, from the Bronfmans to the Desmarais to the Irvings my entire life.
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  13. Two R-985s?? Sweet. Did you own a Goose or something similar? Yes...the 47 was pretty cool. Flew like a fighter by accounts. But it was underpowered none-the less...JATO was standard for loaded take-offs....which was most of them. That would have been a rush... The B-58 was the other SAC machine. All for delivery of the B53 hydrogen bomb at high speed....9 megaton free fall device. A nightmare to fly, apparently....high landing speeds and narrow flight envelopes. You sat inside the open automated Stanley ejection pod...poor visibility when open...poorer when closed. Most losses were landings... Jimmy Stewart is one of the few people to have flown in ALL the SAC machines.
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  14. DOP: Thanks for the B-47 inspiration. I have largely forgotten this airplane, as I usually fixate on the B-36 (huge R-4360 fan since I used to own & fly a pair of R-985s). The amount of maintenance required for these airplanes (and generally ALL designs from the mid-30s into the late '60s) is phenomenal. Also, to be able to operate these things pilots had to be intimately familiar with the mechanical systems and fully in tune or they couldn't get anything near the performance, utility and safety out of them that was possible. That is why older pilots scoff at the 737 Max crashes where the total lack of airmanship displayed heavily contributed to the outcome in both Ethiopia and Indonesia.
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  15. Many Americans also have that "attitude"...lockdowns are for pussies.
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  16. The President enemies of freedom are hoping will die made a cheerful little video tonight and payed his supporters outside Walter Reed a surprise visit. He's looking good.
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  17. Dr James Phillips MD...CNN employee.
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  18. A post like that has to be against forum rules.
    1 point
  19. Most of you remember chants in the streets of Middle East countries over the years "Death To America! ". I used to wonder how anyone could sink down to that level and that mindset couldn't make it's way to North American society. Clearly I was wrong. Growing support among young people for Socialism/Communism in the United States of America? Using violence as a means to an end? Brownshirts openly and freely causing chaos in the streets in 2020 and with the mainstream media turning a blind eye. How did it come to this with the Democratic Party?
    1 point
  20. Babylon Bee sums it up perfectly.
    1 point
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