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re: Buffet and Bezos selling like it's going to collapse

Posted on 11/12/24 at 4:53 pm to
Posted by Bigdawgb
Member since Oct 2023
4252 posts
Posted on 11/12/24 at 4:53 pm to
quote:

Buffet and Bezos selling like it's going to collapse


Why pay attention to these small potatoes when you could be following market savant, Nancy Pelosi
Posted by Bass Tiger
Member since Oct 2014
55751 posts
Posted on 11/12/24 at 4:57 pm to
quote:

Imagine the layoffs, and then the bankruptcies, ordinary people have so much debt.


How would the US economy handle a few million low wage workers being deported? Would it cause an economic downturn?
Posted by Tarps99
Lafourche Parish
Member since Apr 2017
12715 posts
Posted on 11/12/24 at 4:58 pm to
You sell now at a huge gain. Wait for the crash and buy it all at a discount.

The rich only get richer as the poor folks say.
Posted by Barbados
Member since Nov 2024
2089 posts
Posted on 11/12/24 at 4:58 pm to
Bezos is probably required to sell a certain amount of stocks and predetermined dates

Not sure that is much to go on

11 billion for him is a rounding error now
Posted by John Barron
The Mar-a-Lago Club
Member since Sep 2024
17101 posts
Posted on 11/12/24 at 5:00 pm to
Posted by Mid Iowa Tiger
Undisclosed Secure Location
Member since Feb 2008
24847 posts
Posted on 11/12/24 at 5:00 pm to
It’s a vicious circle from
Banking REG’s. Deposits are liabilities and loans out are assets.

You put $10 in the bank and the bank gets a liability of $10 on their balance sheet. If they loan that $10 out they now have neutralized that liability created by your deposit.


Yes I know they can’t loan the full $10 because of reserve requirements for the bankers reading this.
Posted by idlewatcher
Planet Arium
Member since Jan 2012
97022 posts
Posted on 11/12/24 at 5:01 pm to
But but I was told this was the best economy in history all thanks to the dems
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
138981 posts
Posted on 11/12/24 at 5:03 pm to
quote:

FOUNDER JEFF BEZOS SOLD ANOTHER $1.23 BILLION OF AMAZON SHARES WHICH BRINGS HIS 2024 TOTAL SELLS TO OVER $11 BILLION
ALL CAPS, NO LESS !!!!~!~!!!

OMG ! . OMG ! .... the sky is falling ... it's falling ...

$11Bn is 5% of Bezos's wealth. For Jeff, it's play money.
Posted by Bass Tiger
Member since Oct 2014
55751 posts
Posted on 11/12/24 at 5:06 pm to
quote:

It’s a vicious circle from Banking REG’s. Deposits are liabilities and loans out are assets.

You put $10 in the bank and the bank gets a liability of $10 on their balance sheet. If they loan that $10 out they now have neutralized that liability created by your deposit.

Yes I know they can’t loan the full $10 because of reserve requirements for the bankers reading this.


So....MMT isn't really a viable monetary policy? Who would have thunk?
Posted by SCwTiger
armpit of 'merica
Member since Aug 2014
6972 posts
Posted on 11/12/24 at 5:07 pm to
So what does a poor feller with a retirement account supposed to do to make it safer?
Posted by Powerman
Member since Jan 2004
173763 posts
Posted on 11/12/24 at 5:09 pm to
quote:

In terms of real estate I don't believe it's mortgages that will take a nosedive this time, it commercial real estate loans.

I can't see a scenario where commercial real estate isn't fricked

Which is why I think you're seeing all of the return to office moves by big corps
Posted by Lima Whiskey
Member since Apr 2013
22594 posts
Posted on 11/12/24 at 5:13 pm to
quote:

How would the US economy handle a few million low wage workers being deported? Would it cause an economic downturn?


I don't know, I'm just not qualified to answer that

The illegals are incredibly expensive though. The labor may be cheap for the companies that hire them, but they consume a large amount of government spending. Hispanics consume 7k in government aid per capita, whereas White Americans contribute around 2.8k, we put in more than we consume.

This is a general phenomena though. You see the same thing with the migrant population in Europe.
This post was edited on 11/12/24 at 5:14 pm
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476983 posts
Posted on 11/12/24 at 5:27 pm to
quote:

So....MMT isn't really a viable monetary policy? Who would have thunk?

What he described isn't MMT
Posted by TigerAxeOK
Where I lay my head is home.
Member since Dec 2016
38011 posts
Posted on 11/12/24 at 5:42 pm to
quote:

Buffet and Bezos selling like it's going to collapse

Stockpiling cash to buy in when the trends skyrocket. Smart.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
138981 posts
Posted on 11/12/24 at 5:53 pm to
quote:

So what does a poor feller with a retirement account supposed to do to make it safer?
First, look to the end of his own arm for a helping hand. Second, look to the end of his other arm for a helping hand ...
Posted by GREENHEAD22
Member since Nov 2009
20846 posts
Posted on 11/12/24 at 6:07 pm to
They are doing it in mortgages as well. Giving interest free clemency periods of no payment, no penalty or interest.
Posted by DarthRebel
Tier Five is Alive
Member since Feb 2013
25828 posts
Posted on 11/12/24 at 6:10 pm to
quote:

I've been in cash over a year waiting on the impending crash that as yet to occur.


quote:

We need a 30-40% haircut then I'm jumping back in.


Why?

My entire portfolio is up 35.18% year over year, you missed making money.
Posted by HubbaBubba
North of DFW, TX
Member since Oct 2010
51885 posts
Posted on 11/12/24 at 6:10 pm to
quote:

Why do banks keep financing mortgages that people cannot afford? Makes no sense now and they should have learned from 2008. Last house I bought the realtor kept telling me I could afford more and would have better houses to look at. I told her no, the houses in my range were just fine.
Yep. I've got better than a half-million in home equity at the moment, and I keep getting bank offers to refinance (I'm at 3.65% so no thanks) or an equity loan (second mortgage. No thanks). I don't need additional debt. My wife and I will fund our home improvements out of pocket and at a pace we want to spend at.
Posted by POTUS2024
Member since Nov 2022
20943 posts
Posted on 11/12/24 at 6:13 pm to
quote:

Possible but Buffet has been stockpiling cash well before it was known that Trump would win

You mean since the Democrats made it clear they were going to get trounced on account of trying to destroy the nation? The lead times on these moves is pretty long.
Posted by djsdawg
Member since Apr 2015
41747 posts
Posted on 11/12/24 at 6:33 pm to
quote:

Possible but Buffet has been stockpiling cash well before it was known that Trump would win


That was known when?
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