-
Posts
13,408 -
Joined
-
Last visited
-
Days Won
7
Content Type
Profiles
Forums
Events
Blogs
Gallery
Everything posted by nuckin_futz
-
Investing in the stock market - Discussion
nuckin_futz replied to AV's Coin's topic in Off-Topic General
Mike drop: There's no coming back from this for the faces of cryptocurrency The two Mikes: Novogratz and Saylor are dead-reputations walking Michael Novogratz and Michael Saylor are two of the most-prominent evangelists of cryptocurrency. The first made his reputation in financial markets and the second in developing technology but both pivoted hard to crypto. Novogratz made a series increasingly-insane headline-grabbing predictions about bitcoin, including price targets of $500,000. Saylor pivoted his software firm MicroStrategy into a levered bitcoin bet with an average cost above $30,000. MicroStrategy's bonds are now pricing in a high chance of default as BTC has fallen below his average cost of $30,000. That could ultimately lead to a dumping of the 129,218 bitcoin that it owns -- valued recently at over $6 billion. For Novogratz, there's this: It's now the ultimate cringe. Luna is imploding. It's down to 87-cents from $87 a week ago. It's fallen 97% in the past 24 hours after the luna-backed UST stablecoin broke. Just a week ago, Luna was a top-ten valued crypto. The retail pain is enormous and tragic. In terms of credibility, Novogratz is on a bullet train from respectability to being a punchline. I have to believe Saylor and Novogratz will survive themselves or morph into something new but their pumping has left a trail of wreckage. In the past 24 hours: Bitcoin -8.4% ETH -10.5% XRP -20.2% Cardano -17.9% Solana -25.9% Dogecoin -21.9% Avalanche (aptly named) -36.9% I have to think that bitcoin is being held up by flows from alts at the moment but if $28,500 gives way, it could get very ugly. What's also hurting crypto lately is the positive correlation with tech stocks. There was once a boisterous camp arguing that crypto was a portfolio hedge and store of value against volatility elsewhere. For months though now it's simply been a leveraged trade on the Nasdaq. UBS today makes that point in a brutal one-sentence takedown, saying today that the "case for institutional adoption seems to be receding by the day, with the space affording no safe-haven and only negative diversification via idiosyncratic risks." Despite all this, I find it strangely comforting that Warren Buffett has won again. It's a reminder that there's nothing new under the sun. ******************* I love it when shameless pumpers get taken to the woodshed. -
Investing in the stock market - Discussion
nuckin_futz replied to AV's Coin's topic in Off-Topic General
One way or another the population is going to rise. If the existing population won't have enough babies then immigrants are coming. Those people who do not want the country "getting dirtier" had better start popping out kids. -
Just an opinion piece......... Breakingviews: Elon Musk probably won’t buy Twitter NEW YORK, April 27 (Reuters Breakingviews) - Four years ago, Elon Musk vowed to set up a peanut brittle company to take on Warren Buffett’s iconic U.S. confectioner See’s Candies. Then he changed his mind. It wouldn't be surprising if Musk's $44 billion deal to buy social network Twitter went the same way. Sure, the Tesla boss was clearly serious about acquiring Twitter as of recently. The financing from Morgan Stanley is shored up. The agreement includes a fee of $1 billion that he – or Twitter – would have to pay if they renege on the contract. And Twitter’s lawyers even wedged in a so-called “specific performance” clause, which could theoretically force Musk to buy the company if he threatens to back out, though in practice this could probably be settled by adding to the break fee. There are good reasons for him to get cold feet. The biggest is Tesla. The electric-vehicle maker’s stock has fallen around a fifth since Musk first revealed his stake in Twitter, partly because Musk may sell shares to fund his new adventure. If Tesla’s stock bounces back – likely if the Twitter deal falls away – the $40 billion of recouped wealth would more than make up for the break fee. China is a major sticking point too. Tesla produces half of its vehicles there, as well as a quarter of its revenue. But Twitter is no friend to the People's Republic, most recently for defying Beijing in its handling of content related to Hong Kong protests. China could easily hold Tesla to ransom if a Musk-owned Twitter didn’t play ball. That’s uncomfortable for a self-professed “free speech absolutist.” In reality, Musk’s absolutism probably won't survive a Twitter deal anyway. European Union Commissioner Thierry Breton told the Financial Times this week that the company must police illegal or harmful content or risk being banned. In the United States, where regulators are less aggressive, other technology firms could effectively create the same threat. Apple, for example, gets to decide which apps appear in its influential store. One thing makes it easier for Musk to walk away before any of this becomes a problem: The market partly anticipates it already. Twitter’s stock is currently trading 11% below his offer price – a fairly wide spread for a deal with little antitrust pushback. Musk’s tweets criticizing some company actions – potentially flouting the merger agreement - already suggest he might be starting to lose interest. Most likely, Musk's attention will wander elsewhere. It wouldn't be the first time. ******************* Wall St. sure doesn't seem to think it's a done deal.
-
Who's your Coaching choice now with Trotz on the market?
nuckin_futz replied to Deets's topic in Canucks Talk
Have you seen the average person attending games? -
Who's your Coaching choice now with Trotz on the market?
nuckin_futz replied to Deets's topic in Canucks Talk
"Barry, there it is" sounds stupid.- 73 replies
-
- 10
-
-
All 32 NHL teams should play playoffs
nuckin_futz replied to Slegr's topic in General Hockey Discussion
Actually every team does make the playoffs. The league holds an annual 82 game "play in" tournament. -
All 32 NHL teams should play playoffs
nuckin_futz replied to Slegr's topic in General Hockey Discussion
The team's record this year was 40-32-12. Overtime and shootout losses are LOSSES. Their real record was 40-42. That's not above .500. I feel bad for anyone who thinks this team was 8 game above .500. -
What Are You Listening To...Canadian Edition.
nuckin_futz replied to ShakyWalton's topic in White Noise
When something 34 years old sounds like it's from the future........ -
Saw his record label (Warner Canada) dropped him a year ago amid many MeToo allegations.
-
By 'tear the banaid off' I assume you mean just do 1 big 200 or so BPS hike? That would be a huge shock to the system and is something that just isn't done. Historically speaking 50 bps hikes are pretty big. Especially when they are indicating they will do more hikes of that magnitude at future meetings and they meet every 6-8 weeks. They can get to where they want to be pretty quickly by hiking 50 bps every 6-8 weeks. If they have a printing press they can always pay the interest payments. This was of interest from yesterday......... Truth bomb time. Ex-Fed Reserve Vice Chair Clarida says rates must rise to at least 3.5% Prior Federal Reserve vice-chair dropping the news. Bloomberg (gated) with comments from the prior vice-chair of the Federal Reserve Richard Clarida. Free to speak his mind now I guess. Fed will need to raise short-term interest rates to at least 3.5% to bring surging inflation under control “Expeditiously ‘getting to neutral’ will not be enough this cycle to return inflation over the forecast horizon back to the 2% longer-run goal,” “The funds rate will I believe ultimately need to be raised well into restrictive territory, by at least a percentage point" Comments extracted from remarks prepared for delivery to a Hoover Institution conference on Friday. More at that gated link above.
-
Yes but it's not hard to ascertain the real data. PPI (producer price index) and CPI (consumer price index) are virtually impossible to fake. If a loaf of bread was $2 and now it's $2.50 that's pretty hard to hide. The biggest thing effecting the currency is going to be the country's interest rate.
-
The problem in Turkey is Erdogen. He interferes in everything. If you do not do as he says you either get fired or tossed in jail. The obvious way to fight inflation is to raise interest rates as high as you must. So his Central Bank head raises rates and Erdogan fires him and installs his son in law. Who knows nothing about finance. Who then does what Erdogon tells him to do and lowers interest rates. The rate was as high as 19% in late 2021. At that time inflation in Turkey was 21%. Now interest rates are 14% and inflation is 70%.
-
He'd be even more stupid to acquire Twitter but here we are. Probably wouldn't drop the stock any more than insisting on being CEO of 3 companies. Musk sold about $16.4 billion in stock late last year and another $8.5 Billion very recently to fund his Twitter acquisition. So If he'd be stupid to sell $20 billion worth I guess he's stupid.
-
Edit - Aww crap this is clever editing. It's a performance of theirs made to look like the Grammy's. OK I have no idea how I missed this. Slayer played at the Grammy's a month ago ???? With special guest Yanni on keyboards? Paul McCartney seems to know some of the words? Rihanna, Beyonce and Alicia Keys seems to be enjoying it? Yoko Ono is rocking out and Ozzy is being Ozzy.
-
Apologies for dropping this in here when so many CDC'ers are battling this thing......... Covid: World’s true pandemic death toll nearly 15 million, says WHO The Covid pandemic has caused the deaths of nearly 15 million people around the world, the World Health Organization (WHO) estimates. That is 13% more deaths than normally expected over two years. The WHO believes many countries undercounted the numbers who died from Covid - only 5.4 million were reported. In India, there were 4.7 million Covid deaths, it says - 10 times the official figures - and almost a third of Covid deaths globally. The Indian government has questioned the estimate, saying it has "concerns" about the methodology, but other studies have come to similar conclusions about the scale of deaths in the country. The measure used by the WHO is called excess deaths - how many more people died than would normally be expected based on mortality in the same area before the pandemic hit. India's Covid-19 toll highest in the world - WHO These calculations also take into account deaths which were not directly because of Covid but instead caused by its knock-on effects, like people being unable to access hospitals for the care they needed. It also accounts for poor record-keeping in some regions, and sparse testing at the start of the crisis. But the WHO said the majority of the extra 9.5 million deaths seen above the 5.4 million Covid deaths reported were thought to be direct deaths caused by the virus, rather than indirect deaths. Speaking about the scale of the figures, Dr Samira Asma, from the WHO's data department, said "It's a tragedy. "It's a staggering number and it's important for us to honour the lives that are lost, and we have to hold policymakers accountable," she said. "If we don't count the dead, we will miss the opportunity to be better prepared for the next time." Alongside India, countries with the highest total excess deaths included Russia, Indonesia, USA, Brazil, Mexico and Peru, the WHO figures suggest. The numbers for Russia are three-and-a-half times the country's recorded deaths. The report also looks at the rates of excess deaths relative to each country's population size. The UK's excess mortality rate - like America, Spain and Germany - was above the global average during 2020 and 2021. Countries with low excess mortality rates included China, which is still pursuing a policy of "zero Covid" involving mass testing and quarantines, Australia, which imposed strict travel restrictions to keep the virus out of the country, Japan and Norway. The academics who helped compile the report admit their estimates are more speculative for countries in sub-Saharan Africa, because there is little data on deaths in the region. There were no reliable statistics for 41 out of 54 countries in Africa. Statistician Prof Jon Wakefield, from Seattle's University of Washington, helped the WHO and told the BBC: "We urgently need better data collection systems. "It is a disgrace that people can be born and die - and we have no record of their passing. "So we really need to invest in countries' registration systems so we can get accurate and timely data." ********************* No real surprises here. Seems only western countries have been even remotely accurate in their numbers. Doesn't even look like this takes into account that China's numbers are complete bullsh**.
-
His list can be found her https://www.rollingstone.com/music/music-lists/100-greatest-guitarists-david-frickes-picks-146383/ It's a pretty bizarre list. Tony Iommi and Randy Rhodes are 86 and 85, JJ is 87. I guess they're just slightly better than JJ. David Gilmour is 82 and Eddie Van Halen is 70. Apparently there's 54 people better than Ritchie Blackmore. Kurt Cobain is 12. Now I really like Cobain but it's for his lyrics. He never was any guitar hero. Keith Richards is 10. I agree with you he's not even the best guitarist in the Stones and he never has been in any incarnation of the Stones. Especially in the Mick Taylor era. No Alan Holdsworth, Mike Oldfield, Joe Satriani, Steve Vai, Eric Johnson (my personal fav).
-
In theory, casual users would leave because it's the most followed accounts that people usually interact with that drive the volume of posts. If it's just people with no followers interacting with other people with no followers it's gets boring real fast. When it gets boring people go elsewhere or do something else. There's little alternative to those sites. Are people really going to attempt to resurrect the corpse of MySpace? Plus we're not talking about paid marketing services and advertising services. We're talking about using the most basic functions of the site. If the users start to migrate elsewhere it can create a tidal wave of exists. At one time MySpace was real competition to Facebook. Then the exits started and now no one uses it. Bottom line, don't give people a reason to go elsewhere because they just might.
-
Not exactly a 'world event' but posting because Joan is a bad ass while Ted is a dumb ass. Joan Jett Drops a Cherry Bomb of Truth Over Ted Nugent Best Guitarist Diss: ‘He Has to Live With Being Ted Nugent’ Consider the source. That was Joan Jett‘s pointed retort in a new interview in which she was asked to respond to right wing rock ranter Ted Nugent‘s unsolicited shot at her in January, when he claimed she didn’t belong on a list of the best rock guitarists. “You have to have s–t for brains and you have to be a soulless, soulless prick to [include] Joan Jett,” Nugent said in a video he posted in December in which he belatedly reacted to a list originally published by Rolling Stone‘s David Fricke in Dec. 2010. Nugent was not included on Fricke’s list, while Jett came in at No. 87. He doubled-down on his misogyny at the time with an added dose of homophobia. “[I] love Joan. Some of my greatest memories include lesbians. I love the lesbians; it’s a cocktail of wonderment,” he said. Nugent then topped his hateful rant off with some racism and transphobia. “By the way, if Grandmaster Flash is in the Rock And Roll Hall Of Fame and Joan Jett is on the list of top 100 guitar players, then I’m Caitlyn Jenner’s boy toy,” he said. In an interview with the NME about her new first-ever acoustic album, Changeup, Jett shrugged off Nugent’s potshot, dryly noting “Neither should he… Is that his implication? That he should be on the list instead of me? Well, that’s just typical – it’s what I’ve dealt with my whole life, being written off. Ted Nugent has to live with being Ted Nugent. He has to be in that body, so that’s punishment enough.” Jett, who has never been one to pull punches, then dug up the infamous story about Nugent allegedly dodging the Vietnam War draft by loading up on junk food so he would have a load in his pants in an attempt to fail the physical. “He’s not a tough guy. He plays tough guy, but this is the guy who s–t his pants – literally – so he didn’t have to go in the Army,” Rock and Roll Hall of Fame Jett said of the infamous story Nugent told High Times magazine in 1977 about his attempt to get a “4-F” designation” to avoid serving his country; Nugent denied the story in a 2018 interview with Spotify’s Joe Rogan, in which he claimed he made the whole story up to mess with the magazine. The myth-debunking site Snopes dug around and reportedly found out that Ted was, indeed given an “unfit for service”4-F designation for unspecified reasons after obtaining two student deferments. “So this is the tough guy who’s running around America, stirring things up against each other,” Jett added about Nugent.
-
The BC Real Estate Discussion Thread
nuckin_futz replied to Harvey Spector's topic in Off-Topic General
Cracks continue to show in the Canadian housing market Sales stumble in Toronto in April The Canadian housing market is one of the biggest bubbles in the world and I believe that it's finally popping as over-leveraged borrowers face rapidly-rising interest rates. Today the Toronto Regional Real Estate Board showed 8,008 properties were sold in the month of April, far below the 13,613 transactions that occurred in the same month last year and down 27% from March. It's a sign that buyers are beginning to balk at prices. Locally, I'm seeing houses take longer to sell than they did even a month ago, particularly at the higher end. In Toronto, the average sales price declined 3.5% m/m to a still-eyewatering $1,254,436. I don't know if this stabilizes at -20% or something worse but until there are signs of flattening, it's going to be tough to see a sustained rise in the Canadian dollar. -
-
Earthquake In Kobe 1995 St. Peters Basilica, People For Scale Elephant Seals Grow Up To 13 Feet And 4500 Pounds A British Scientist Descending Into An Antarctic Crevasse Namib Desert Meets Atlantic Ocean Underwater Waterfall Near Ile Maurice