20% of listed US companies make barely enough to cover interest payments and a lot of people are talking about a new cyclical upswing. That’s pretty astonishing.
This is a very interesting fact, actually.
And that’s with rates artificially low. Imagine if they raise the rates. Then more of these combos cos will be around
Is it even possible to raise the rates in this current situation? Even countries f.ex Italy have so much debt that raising rates would lead to crazy times! Quite the quagmire.
It’s not possible. The U.S. is in the final stretch before financial collapse and debt restructuring. There’s no going back; you can see the people in DC don’t even care anymore.
Just print until the end.
I agree, we have arrived at the end. But it isn’t due to Fed expansionary policy — unfortunately, we can pinpoint that Society passed away on July 15, 2021. On this date, it slipped away peacefully (if somewhat ignominiously), attributable to a post by one “Nerdyblop” on the industry website AnalystForum.com, where the question was dubiously raised by the poster as to whether a clip-on tie was ever acceptable in a business setting. Society passed immediately. It is survived by pockets of people with differing talents, all scrambling to find meaning and scratch out some kind of existence on this shockingly tiny and inadequate planet. Donations can be made in Society’s name to finer men’s haberdashers worldwide.
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Imo there are two things they have to do. Print money and keep rates low. And raise taxes to improve debt position and keep people from ditching the currency. Lastly they need to normalize clip on ties made of italian silk
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how does this compare to the norm? Seems like it could be an interesting fact, or just the base rate of a dynamic company with successes and failures
5% in the beginning of 2000’s, 10% at 2010 and then 20-25% in 2021.
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people complaining about how robinhood makes money and that its so lucrative. and they post a 1.44b net loss. they act like the $10 comission that preceded it wasnt more lucrative. anyways its just hilarious how many ppl in the industry have no logic and are straight up retards.
Vast majority of people betting on these meme stocks cannot considered to be “in the industry.” That said, plenty of retards in the finance industry.
Hey guys, there are plenty of put-downs to use besides calling people ‘retards’. Please stop using unnecessary terms like this.
ok noted
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Someone paid $150,000 for a banana and a piece of duct tape. COGS ~$0.50?
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that appears to have been a good investment
Now is 2024 and it just sold for $6.2M
Duct-taped banana artwork sells for $6.2m in NYC
You’re actually buying a license, and when the banana goes bad, you’re allowed to replace it with a banana of your choice.
Not sure if you’re allowed to replace the duct tape
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I’m kinda disappointed in my gf’s lack of sophistication. I duct taped a banana to our living room wall. She was very livid with me, and wouldn’t listen to anything about it being an art work basically worth millions. Sad!
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haha found this piece of gem of a comment from 2021. I guess it was possible to really hike up the rates without the US and Europe going straight down to CCC-rating.
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If I heard it right, CNBC Squawkbox reported today that the return on the banana art was 25 times that of the S&P over the same period and double that of Nvidia
We can restate the old adage now as:
Duct taped banana > plumbing > CFA
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Obligatory Monty Python gif:
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