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Stock Market

#3,351
S3th said:
Interesting market updates:
- Chinese authorities requested mutual funds to avoid selling equities; market waits news on new stimulus
- Over 5% of new car sales in 23 countries are now fully EV with Canada, Spain, Australia, and Hungary joining the list this year
- Dallas FED manufacturing activity report to be released at 10:30am
Click to expand...
  1. NewsPlus

China Central Bank to Cut FX Reserves Ratio​

The People’s Bank of China said it would cut the foreign-exchange reserve ratio to 4% from 6%​

www.reuters.com

China to cut banks' FX reserve ratio to rein in yuan weakness

China's central bank said on Friday it will cut the amount of foreign exchange that financial institutions must hold as reserves for the first time this year, a move seen aimed at slowing the pace of recent yuan declines.
www.reuters.com www.reuters.com
 
#3,352
S3th said:
Okay, very specific situation. My relatives in the country do not face that same problem.
Click to expand...

Car buying habits are driven by a number of "corner cases". The popularity of trucks and three-row crossovers isn't because of their performance in daily-driving tasks.

S3th said:
www.bloomberg.com

US Providing Up to $12 Billion to Retrofit Auto Plants for EVs

The Biden administration is making up to $12 billion available for automakers to retrofit their facilities to make electric vehicles and hybrids.
www.bloomberg.com www.bloomberg.com
Click to expand...

Yet another headline in the category of "EVs - an idea so good that the government has engage in bribery". I recall the Obama administration spending similar money to encourage the Big 3 to build and sell 40+ MPG passenger cars in the US, and we know how that's turned out.

As a shareholder and as a taxpayer, the mis-allocation of capital disgusts me, and that's exactly what happens when the government enters a market with game-changing amounts of money. If EVs are so great, let them live or die on their own merits.

And if government interference in the energy markets is actually a good thing:

Screenshot_20230708-110204.png


I've got some thirsty cars that need a handout.
 
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#3,356
If one is going to store hundreds or thousands of megajoules of chemical energy* in the most compact form possible, and then run that storage container into things at high speeds, don't be surprised if a fire breaks out on occasion.

Regardless of propulsion technology, the only surprise with car fires is that they occur so infrequently.

*Note that gasoline has an energy density approximately 10x that of smokeless powder, and even a midsize car holds about 100 lbs of the stuff.
 
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#3,361
S3th said:
electrek.co

Tesla Model 3 Highland officially unveiled with new design and unexpected features

We knew about the facelift on the front end, but the new Tesla Model 3 refresh is packed with a lot more interior features than we expected.
electrek.co electrek.co
Click to expand...
Karaoke machine ?
www.drive.com.au

The feature you never knew you wanted: Chinese SUV includes karaoke system

Some features designed for international markets just doesn’t work here – and this karaoke system offered by a Chinese car company is one of them.
www.drive.com.au www.drive.com.au
 
#3,362
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#3,363
The $32 trillion gross federal debt equals debt held by the public plus debt held by federal trust funds and other government accounts.
_____________
Question for the group.

How high will "the debt" go before the rest of the world wakes up and calls "Bull Shit" on the USD and investing in America ?
 
#3,364
Hobo Hilton said:
The $32 trillion gross federal debt equals debt held by the public plus debt held by federal trust funds and other government accounts.
_____________
Question for the group.

How high will "the debt" go before the rest of the world wakes up and calls "Bull Shit" on the USD and investing in America ?
Click to expand...

All currencies are bull shit. It’s all about economics.
 
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#3,366
#3,370
S3th said:
I think there is concern around margins given the introduction into lower spec model X and S. I’ve been successfully rolling calls.
Click to expand...

The price action of this stock continues to mystify me, as it's wildly overreacting to things that have been widely known for months. Glad to hear that you've been successful with your strategy (y)
 
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#3,371
Hobo Hilton said:
It's about what "backs up" the currency. In America's case, there is doubt if there is any gold left should a back up be needed.
The required audit never took place.
Click to expand...

The dollar is backed by the US military, and specifically its ability to put conventional forces on your border overnight and deliver about 5000 nuclear warheads in less time than it takes to get a pizza delivered.
 
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#3,372
E. Bryant said:
The price action of this stock continues to mystify me, as it's wildly overreacting to things that have been widely known for months. Glad to hear that you've been successful with your strategy (y)
Click to expand...
+1

It may not be totally fair for me to think this, but Tesla is a bit too "meme stock grade yo-yo action" to me. I'm a little more Berkshire Hathaway, steady climb speed.
 
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#3,373
E. Bryant said:
The dollar is backed by the US military, and specifically its ability to put conventional forces on your border overnight and deliver about 5000 nuclear warheads in less time than it takes to get a pizza delivered.
Click to expand...
50 years ago... That was gospel.
Let's hope conventional forces don't have to make an overnight move.
The rest of the civilized world knows this. All they have to do is to look at the President of the United States.
 
#3,377
atepointer said:
View attachment 8218655
Add to that the rolling adjustments downward on nonfarm....June from 185k to 105k and July 187-157 plus JOLTs showing declining openings. Fed will stay too long and panic cut at some point. Traders will have a hoot on the way down!
Click to expand...
It is much worse than that. After all, you are looking at Government propaganda.
And a traders worst nightmare is to get the notice "No Shares Left to Short".
Options and derivatives are great if you are trading using other people's money.
1693749906862.png
 
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#3,378
Hobo Hilton said:
It is much worse than that. After all, you are looking at Government propaganda.
And a traders worst nightmare is to get the notice "No Shares Left to Short".
Options and derivatives are great if you are trading using other people's money.
View attachment 8218665
Click to expand...
Best wishes to you for your investing goals and portfolio moving forward.
 
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#3,382
S3th said:
View attachment 8219007
Click to expand...
Doubtful they will sell for $3........... Maybe $5 - $6
______________

When Ottaviano, 59, told The Australian Financial Review Mining Summit in Perth in May that the Albemarle bid was “ballparks away” from winning over Liontown, he was channelling former Rio Tinto boss Tom Albanese.

www.afr.com

The CEO who took Liontown from a bargain to an ASX lithium force

Tony Ottaviano needs to deliver his flagship lithium mine. A spurned $5.5 billion takeover offer and dip in prices for the battery metal have upped the pressure.
www.afr.com www.afr.com
 
#3,383
S3th said:
www.wsws.org

Mass furlough at Virginia Beach-based chainsaw manufacturer Stihl

Without advance notice, Stihl laid off one-third of its Virginia Beach workforce August 23.
www.wsws.org
Click to expand...
Becoming a "trend"...

The Worker Adjustment and Retraining Notification (WARN) Act requires companies to provide employees with a 60-day heads up in advance of plant closures or mass layoffs, but Mitchell Gold + Bob Williams interim CEO Chris Moye issued a WARN notice to the state's Commerce Department dated Aug. 26, informing the agency that the roughly 533 workers employed at the luxury manufacturer in the state would be laid off permanently within two weeks starting Aug. 28.

www.foxbusiness.com

Iconic North Carolina furniture maker shutters, leaving more questions than answers

Furniture company Mitchell Gold + Bob Williams abruptly closed its doors this week, ending its 34-year run and leaving hundreds of workers out of a job with little explanation.
www.foxbusiness.com www.foxbusiness.com
 
#3,384
Hobo Hilton said:
Becoming a "trend"...

The Worker Adjustment and Retraining Notification (WARN) Act requires companies to provide employees with a 60-day heads up in advance of plant closures or mass layoffs, but Mitchell Gold + Bob Williams interim CEO Chris Moye issued a WARN notice to the state's Commerce Department dated Aug. 26, informing the agency that the roughly 533 workers employed at the luxury manufacturer in the state would be laid off permanently within two weeks starting Aug. 28.

www.foxbusiness.com

Iconic North Carolina furniture maker shutters, leaving more questions than answers

Furniture company Mitchell Gold + Bob Williams abruptly closed its doors this week, ending its 34-year run and leaving hundreds of workers out of a job with little explanation.
www.foxbusiness.com www.foxbusiness.com
Click to expand...
When credit cards are maxed out, rent is rising, and gas/food is expensive - luxuries like fancy furniture are sure to be last on spending priority list.
 
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#3,390

Fmr. Ford CEO Fields: ‘You have to make over $100 thousand per year to afford a new car right now’​

Mark Fields, Former Ford CEO, joins ‘Closing Bell Overtime’ to talk Tesla’s stock slump, the auto industry at large and a looming UAW strike.
Fri, Sep 1 20234:57 PM EDT

 
#3,391
#3,393
S3th said:
www.canarymedia.com

Vermont’s biggest utility dramatically expands home battery subsidies

Since 2015, Vermont's Green Mountain Power has helped a limited number of customers install home batteries each year. Now the program cap is gone.
www.canarymedia.com www.canarymedia.com

Click to expand...
The Money ($$$) numbers are glossed over in the article.....
I'm getting the feeling that the customers and the tax payers are going to fund this and the utility company is getting the glory.
On another note, look what showed up at my local Post Office.
1694116868634.jpeg
What made me take notice was the low ground clearance. Note the ground clearance of the other vehicles in the area.
I'm sure the owner has a big F-350, 4wd, diesel at home with a snow plow for these Montana winters.
:ROFLMAO:
 
#3,394
Hobo Hilton said:
The Money ($$$) numbers are glossed over in the article.....
I'm getting the feeling that the customers and the tax payers are going to fund this and the utility company is getting the glory.
On another note, look what showed up at my local Post Office.
View attachment 8222060
What made me take notice was the low ground clearance. Note the ground clearance of the other vehicles in the area.
I'm sure the owner has a big F-350, 4wd, diesel at home with a snow plow for these Montana winters.
:ROFLMAO:
Click to expand...
The energy companies love this shit. Take a look at Berkshire’s energy division, $6 billion in three years of tax credits from wind/solar/etc to add to their profits. Six fucking billion…

markets.businessinsider.com

Warren Buffett's energy division has had a negative income tax rate for 5 years straight - as it's received clean-energy credits worth billions

Berkshire Hathaway Energy has received almost $6 billion in income-tax benefits on a net basis in the last three years alone.
markets.businessinsider.com markets.businessinsider.com
 
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#3,395
Today, Jerome Powell and the FED Reserve are "Looking over their stern" in an attempt tp plan their future.
Why shouldn't the workers of America use the same formula ? The cat is out of the bag.
Looking backwards at inflation, shortages, job furloughs and layoff's for the past 4 years allows the UAW to plan for the future.
Here is an auto manufacturer that wants it's workers to shoulder the burden of their follies.
What's good for the Goose is good for the Gander. With that said:
_______________
The automaker’s offer would provide a 14.5% wage increase over the four-year term of the proposed deal for most of Stellantis’s roughly 43,000 UAW-represented hourly workers. Newer, or in-progression, employees would get a 27% boost to their starting wages and a shorter time period – six years, versus eight years under the current deal – to advance to the maximum wage rate.

www.cnbc.com

Stellantis offers 14.5% pay increase to UAW, days before possible strike

Stellantis' proposed wage hikes for UAW members would be higher than those offered by rivals Ford and GM, but those two companies offered other payments.
www.cnbc.com www.cnbc.com
 
#3,400
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