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I'm better than Icardi
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I was reading this book and this bit took my attention

"
The Chinese economic boom started almost immediately after Deng unveiled his reforms in 1978, but it didn’t make a significant impact on commodity markets until much later. To understand why, it’s necessary to examine the relationship between a nation’s wealth and its consumption of natural resources.

The amount of commodities that a country consumes is, for the most part, a function of two factors: the number of people in the country, and their income. The relationship with commodity demand isn’t a straight line, however.5 As long as a country remains relatively poor, with annual per capita income below about $4,000, people spend most of their income on the basics they need to survive: food, clothes and housing. What’s more, the governments of poor countries don’t have the money to make major investments in commodity-intensive public infrastructure, such as power plants and railways. Even if a very poor country grows rapidly, it doesn’t translate into much extra demand for commodities. The same is true for a very rich country. Once a nation’s income rises above roughly $18,000–$20,000 per capita, households spend any extra income on services that require relatively small amounts of commodities: better education and health, recreation and entertainment. Governments of such wealthy countries have usually already built the bulk of the public infrastructure they need. In between the two extremes, there’s a sweet spot for commodities demand. After per capita income rises above $4,000, countries typically industrialise and urbanise, creating a strong, and sometimes disproportionate, relationship between further economic growth and extra commodity demand. China hit the commodity sweet spot around the time that Davis wrote his Xstrata memo: its GDP per capita reached $3,959 in 2001.6 Davis’s analysis wasn’t based on detailed economic modelling, but he knew from his travels there that something big was happening in China that could supercharge the commodity markets.

Blas, Javier; Farchy, Jack. The World for Sale (p. 178). Random House. Kindle Edition. "


India and Bangladesh are at 2,000 USD GDP per capita, throw in Pakistan, and that's 2.1 billion people..
 

Adriano@10

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Damn that fucken AMC ape story is just so stupid and so entertaining. Also anybody who says this aint a 2:1 split is a fucken moron and should not be trusted with investment advise. Also it s just to funny seing the apes cheer on AA, like i dont think i ever saw investors getting fucked over by their CEO this bad and they just cheer him on. In fucking credible.
 
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Damn that fucken AMC ape story is just so stupid and so entertaining. Also anybody who says this aint a 2:1 split is a fucken moron and should not be trusted with investment advise. Also it s just to funny seing the apes cheer on AA, like i dont think i ever saw investors getting fucked over by their CEO this bad and they just cheer him on. In fucking credible.
Apes insisting that an APE stock aint= to an amc share these guys cant even fucken read a 10k...
It s entertainment pure also that long ape short amce trade pair worked quite well yesterday and should work till these two trade at equal prices..
I only have a small position mainly cause imho both should be a 0 and rationality aint the apes strong point.
Anyways it s entertaining as fuck for some giggles check @realMeetKevin on twitter dude has worse takes than jim cramer
 
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Adriano@10

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Fuck me CFO of BBBY commited suicide by jumping out of his NY flat......
How much fucken longer will the SEC sit there and do fucken nothing while fuckers like ryan cohen just fraud away?
For some context Gustavo Arnal (CFO) is reported to have coordinated the share sales of insiders such as cohen so that they dont get charged with insider trading or at least thats whats being reported atm!!!!
It s just so sad that a man has to kill himselfe cause he and his already millionair buddies never got enough.

Heres to hoping that this tragic death gets some people to think and change their ways.
 

Pimpin

I'm better than Icardi
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Fuck me CFO of BBBY commited suicide by jumping out of his NY flat......
How much fucken longer will the SEC sit there and do fucken nothing while fuckers like ryan cohen just fraud away?
For some context Gustavo Arnal (CFO) is reported to have coordinated the share sales of insiders such as cohen so that they dont get charged with insider trading or at least thats whats being reported atm!!!!
It s just so sad that a man has to kill himselfe cause he and his already millionair buddies never got enough.

Heres to hoping that this tragic death gets some people to think and change their ways.
sometimes im content by just consulting and let everyone else tkae the risk..
 

Adriano@10

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sometimes im content by just consulting and let everyone else tkae the risk..
For me it s a bit the opposite i can get so frustrated when just giving advice, especially if those fuckers then ignore your advice and then come back complaining.. Fucken hate it...

So ethereum finnaly managed to make the merge to PoS honestly did not believe they d ever gt there glad they did as a shit ton of energy will be saved...
Still a usless ponzi imho but a lot better than before.
 
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Adriano@10

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Skandal the wiredcard docu is done quite well, and for investors especially retail a god watch and another reminder that most of the tie regulators wont do shit to protect your capital and will only act once the fraud has been exposed by short sellers/ journos....
 
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Adriano@10

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LOL the brits once again fucking them selfes over by voting for absolute incompetence what the hell are truss and kwarteng doing.....
Who the fuck sees turkey and goes that the playbook we ll follow?
Gonna be interesting to see if the BoE intervenes
 
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I'm better than Icardi
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These long term yields are mouth watering, i dipped my nuts on some bond etf, approx 4.5% yield.
 
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brehme1989

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Yeah, it looks enticing.

I'm thinking of going on Upstart finally. The dip is strong, it's either going bust or back to the 300s.
 
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I'm better than Icardi
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Macedonia had 30 year bonds at 4% yield..
I have a non secured loan fixed at 4.5%..

i could get 5% in uk gilts now for 30 years.. what could go wrong.
 
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Adriano@10

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Macedonia had 30 year bonds at 4% yield..
I have a non secured loan fixed at 4.5%..

i could get 5% in uk gilts now for 30 years.. what could go wrong.
Yeah but i m greedy and the tightening aint over so i m gonna wait a bit longer..
 
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Pimpin

I'm better than Icardi
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Oh for fucks sake boe
 

Harpsabu

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LOL the brits once again fucking them selfes over by voting for absolute incompetence what the hell are truss and kwarteng doing.....
Who the fuck sees turkey and goes that the playbook we ll follow?
Gonna be interesting to see if the BoE intervenes
In fairness, no one voted for truss or kwarteng. But the public in England are that fucking stupid, and the propaganda so strong that they likely will win the next election anyway.

The tories are saying the pound is so weak because investors think labour will form the next government. Unbelievable, people will eat this shit too.
 

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Most investors are fucken weak as if they have ot lived through 08... Crying to the fed after this sell of Man the fuck up, we ve enjoyed outsized returns for the past 15 years exactly because of the FED and CBs around the world but then we assigned the returns to our investing genius. Now that the FED have turned of the money faucett 90% of us are crying and blaming the fed for our shitty returns. WTF? This is especially stupid since for the past 15 years all of wallstr said had the mantra dont fight the fed locked so why now that the fed is not pumping markets its fight the fucken fed? Also this tightening could have been predicted, not sure it ever was that easy to position your selfe as the fed first ignored Inflation and only acted when there was no other way to go. Yes timing was still hard but it became obvious that the fed will have to tighten sooner rather than later.
Cathie woods letter to the fed being the most embarassing of em all...
Cant wait for these weak hands to be flushed out of the market and hope that the CBs keep on doing whats right and not what investors try to push em to do.

Anyways Sept and oct have been an insane rollercoaster for me between shorts and oil investments jet i barely made any money as either the shorts were up or my oil plays we re up.
For retail i d still suggest that patience is the way to go to many variables and imho not the environnement to take big bets.

Rant over bottom line fuck investors who cant take responsibility for their shitty investments
 
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brehme1989

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Nope you re more than capable to do your own DD....
If anything blame berk/buffet
Haha was just messing coz he's disappeared on us.

I took worse hits than Stone. Not that many, but worse :D
 
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Haha was just messing coz he's disappeared on us.

I took worse hits than Stone. Not that many, but worse :D
got sent for a quick fix in saudi, team there had been fucking up, dedicated resource there to salvage project, entire rest of team got fired, im only one left, so basically im doing work of whole department
 
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