Anybody here know anything about collectibles, specifically watches? The time has come to get something to complement my collection of Timexes from the 1980’s, and Swatches from the 1990’s.
I have narrowed it down to a Submariner (of course), and/or a cheap Patek like the Calatrava, and/or the Leica L2 (or maybe wait for the L3). A chunk of change, for sure.
I am tempted to wait to see if there is deflation in the watch market. Anybody have any guesses as to what’s going to happen with such discretionary luxury goods? I might buy used, if good examples are available.
My dad a few years ago gave me a 1961 Tag Heur that my mom gave him many years ago. It is a pretty cool thing to have from both my mom and dad.
... and that article is just about interest paid to banks in excess of what the @FederalReserve receives on its asset holdings. Now let's include capital losses on those assets (which aren't marked to market).
although right back at me, for Hussman, a guy with a 20+ year return of 0.80% per year in his flagship fund, to claim that anyone not listening to his stock market prognostications is a fool...is yeah arrogance defined.
Well, the NASDAQ was far worse than that for a fifteen year period five years ago. I would assume that will be repeated, in fact I am betting on it. Ark Funds will be the Hussman of the next 15-20 years. That is if they are still around, which I doubt.
Days like today are dangerous. Banks closed but equity trading allowed. Investment firms during an equity market meltdown may need to call their contact at commercial 🏦 bank for increased line of credit. Thinking about Mid-October, 1987. Are you thinking about buying bonds?
Days like today are dangerous. Banks closed but equity trading allowed. Investment firms during an equity market meltdown may need to call their contact at commercial 🏦 bank for increased line of credit. Thinking about Mid-October, 1987. Are you thinking about buying bonds?
I have mostly bonds and CDS -- none with a term of more than 12 months.
Buy and hold to maturity -- can get @ 4.4% yield now.
On equity side, I am mostly betting against the market but do have a few stocks (Oil primarily with some Tesla).
Tempted to move away from those individual stocks and more into betting against the market etfs......those have been kicking butt while the stocks have mostly lost the last 4-6 weeks
All eight indexes on our world watch list posted losses through October 10, 2022. The top performer is India's BSE SENSEX with a YTD loss of 0.45%. London's FTSE 100 is in second with a loss of 5.76% and Tokyo's Nikkei 225 is in third with a loss of 5.82%. Coming in last is Hong Kong's Hang Seng with a loss of 26.42% YTD.
Rachel Louise Ensign, Peter Rudegeair and AnnaMaria Andriotis
GloriFi CEO Toby Neugebauer won over A-list investors to build a bank that would cater to people who consider Wall Street firms too liberal. Within months it was nearly bankrupt, and it missed launch dates amid layoffs and al...
"In the summer of 2009, Ben Bernanke penned an op-ed for the Wall Street Journal promising that the Fed would withdraw its emergency monetary measures in a ‘smooth and timely manner’. It was not to be."https://t.co/BWCw45nrdTpic.twitter.com/p7AtYd0x3H
— Rudy Havenstein, with a long and variable lag. (@RudyHavenstein) October 11, 2022
