Current issues with the market - Any ideas on avoiding the end?

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Wonder if this will be the decade they stop minting pennies,
I swear I've heard people argue for this ever since 2006 when it became more expensive to mint them then there actual monetary value.
 
vern said:
Wonder if this will be the decade they stop minting pennies,
I swear I've heard people argue for this ever since 2006 when it became more expensive to mint them then there actual monetary value.
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Isn't there some certified retard who lobbies to keep pennies because it would keep some semi-large companies alive like most pork barrel spending?

Once again, California ruins everything (Archive). Expect grain, fruit, nut prices to rise even more and possibly cause the recession to worsen, because CA farmers can't be damned to be a little more efficient.
BOULDER CITY, Nev. — To address the continued potential for low run-off conditions and unprecedented water shortages in the Colorado River Basin, the Department of the Interior’s Bureau of Reclamation (Reclamation) today released a draft Supplemental Environmental Impact Statement (SEIS) to potentially revise the current interim operating guidelines for the near-term operation of Glen Canyon and Hoover Dams. Today's release comes on the heels of historic investments the Biden-Harris administration announced last week as part of an all-of-government effort to make the Colorado River Basin and all the communities that rely on it more resilient to climate change and the ongoing drought in the West.

The draft SEIS released today analyzes alternatives and measures to address potential shortages in the event that such measures are required to protect Glen Canyon and Hoover Dam operations, system integrity, and public health and safety in 2024 through 2026, after which the current operating guidelines expire. It also ensures Reclamation has the tools to protect continued water deliveries and hydropower production for the 40 million Americans who rely on the Colorado River.

“The Colorado River Basin provides water for more than 40 million Americans. It fuels hydropower resources in eight states, supports agriculture and agricultural communities across the West, and is a crucial resource for 30 Tribal Nations. Failure is not an option,” said Deputy Secretary Tommy Beaudreau. “Recognizing the severity of the worsening drought, the Biden-Harris administration is bringing every tool and every resource to bear through the President’s Investing in America agenda to protect the stability and sustainability of the Colorado River System now and into the future.”

“Drought conditions in the Colorado River Basin have been two decades in the making. To meet this moment, we must continue to work together, through a commitment to protecting the river, leading with science and a shared understanding that unprecedented conditions require new solutions,” said Bureau of Reclamation Commissioner Camille Calimlim Touton. “The draft released today is the product of ongoing engagement with the Basin states and water commissioners, the 30 Basin Tribes, water managers, farmers and irrigators, municipalities and other stakeholders. We look forward to continued work with our partners in this critical moment.”

The SEIS process was initiated in October 2022. The release of the draft follows months of intensive discussions and collaborative work with the Basin states and water commissioners, the 30 Basin Tribes, water managers, farmers and irrigators, municipalities, and other stakeholders. The draft alternatives in the SEIS incorporate concepts from many models and proposals received during the scoping period, including from all seven Basin states.

The alternatives presented in the draft SEIS analyze measures that may be taken under Secretary of the Interior Deb Haaland’s authorities to protect system operations in the face of unprecedented hydrologic conditions, while providing equitable water allocations to Lower Basin communities that rely on the Colorado River System.

The draft SEIS includes proposed alternatives to revise the December 2007 Record of Decision associated with the Colorado River Interim Guidelines. The 2007 Interim Guidelines provide operating criteria for Lake Powell and Lake Mead. These include provisions designed to provide a greater degree of certainty to water users about timing and volumes of potential water delivery reductions for the Lower Basin States, as well as additional operating flexibility to conserve and store water in the system.

The draft SEIS will be available for public comment for 45 calendar days and the final SEIS is anticipated to be available with a Record of Decision in Summer 2023. This document will inform the August 2023 decisions that will affect 2024 operations for Glen Canyon and Hoover Dams.

This proposal to address immediate water supply challenges complements Reclamation’s ongoing process to develop new guidelines for Colorado River Operations when the current interim guidelines expire at the end of 2026.

Draft SEIS Alternatives

The draft SEIS analyzes three alternatives, which reflect input from the Basin states, cooperating agencies, Tribes and other interested parties, including comments submitted during the SEIS public scoping period, including two written proposals from the Basin states that informed the following alternatives considered in this draft SEIS:

  • No Action Alternative: The No Action Alternative describes the consequences of continued implementation of existing agreements that control operations of Glen Canyon Dam and Hoover Dam, including under further deteriorating hydrologic conditions and reservoir elevations.
  • Action Alternative 1: Action Alternative 1 models potential operational changes to both Glen Canyon Dam and Hoover Dam. Action Alternative 1 includes modeling for reduced releases from Glen Canyon Dam, as well as an analysis of the effects of additional Lower Colorado River Basin shortages based predominately on the priority of water rights. Action Alternative 1 models progressively larger additional shortages as Lake Mead’s elevation declines, and larger additional shortages in 2025 and 2026, as compared with 2024. The total shortage contributions in 2024, including those under existing agreements, are limited to 2.083 million-acre-feet because this is the maximum volume analyzed in the 2007 Interim Guidelines final environmental impact statement.
  • Action Alternative 2: Action Alternative 2 is similar to Action Alternative 1 in how it models potential operational changes to both Glen Canyon Dam and Hoover Dam. Action Alternative 2 includes modeling for reduced releases from Glen Canyon Dam, as well as an analysis of the effects of additional Lower Colorado River Basin reductions that are distributed in the same percentage across all Lower Basin water users under shortage conditions. While both the 2007 Interim Guidelines and the 2019 Drought Contingency Plan encompass shortages and contributions that reflect the priority system, the incremental, additional shortages identified in Action Alternative 2 for the remainder of the interim period would be distributed in the same percentage across all Lower Basin water users. Action Alternative 2 models progressively larger additional shortages as Lake Mead’s elevation declines and models larger Lower Basin shortages in 2025 and 2026 as compared with 2024. The total shortage contributions in 2024, including those under existing agreements, are limited to 2.083 million-are-feet because this is the maximum volume analyzed in the 2007 Interim Guidelines FEIS.
Members of the public interested in providing input on the SEIS can do so through May 30, 2023, per instructions in the Federal Register that will be published on April 14, 2023. Additional information about virtual public meetings can be found at Reclamation’s website.
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Slightly shorter explanation:
Due to international treaty with Mexico, the US must provide a certain volume of water to them each year. California has been using part of this surplus because they can. The other states who are part of the Colorado River Compact (CO, UT, NV, NM, AZ, WY) that regular the flow of the Colorado river all were in favor or re-writing the compact to adjust for the changes in population and the lack of accuracy in the original volume estimates. California, now with a drought that they can't just drain water from the eastern portion told them if couldn't get all the water they wanted, they just take it and tell them to go fuck themselves. The rest of the states (esp AZ) have been suing CA ever since and and I think Arizona v. California is on the 10th iteration.
Feds stepped in and gave CA 15 years in 2007 to fix their shit (namely stopping flood irrigation), per the usual nothing was done.

Now the fed has stepped in again and the decision is either:
1) Senior states (upstream) California gets more water since it is upstream and thus senior of AZ and NV get a new asshole reamed dry. Nevada gets fucked because CA will just use the water anyways and tell NV to eat shit.
2) Everyone shares the burden of water shortages (CA will more than allotted again short of military action), AZ and NV slightly less fucked because CA will be forced to reduce water usage
3) Do nothing, Biden has already ruled this out as an option in public.
 
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♂CANAM productions♂ said:
Now the fed has stepped in again and the decision is either:
1) Senior states (upstream) California gets more water since it is upstream and thus senior of AZ and NV get a new asshole reamed dry. Nevada gets fucked because CA will just use the water anyways and tell NV to eat shit.
2) Everyone shares the burden of water shortages (CA will more than allotted again short of military action), AZ and NV slightly less fucked because CA will be forced to reduce water usage
3) Do nothing, Biden has already ruled this out as an option in public.
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I'd say "Let California rot" but we all know they're a bunch of cockroaches who will move to those states if the water is cut off.
 
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Lyft bros I don't feel so good......
Lyft Inc. plans to cut 1,200 or more jobs in a new round of layoffs as the ride-sharing company aims to reduce costs, according to people familiar with its plans.

The latest cuts could affect 30% or more of Lyft’s more than 4,000 employees, the people said, and the company had planned to announce the move after a board meeting next week. The cuts could help Lyft reduce 50% of its costs, some of the people said. Lyft doesn’t count its drivers as employees.

Daily ZH doom article. This time they claim that tax receipts are the canary in the coal mine.
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Well, we now have the last few days of the filing season in the books, and there hasn't been a notable change for the better. In fact, tax receipts for the April filing season continue to run far below last year’s levels. As Goldman's chief political economist Alec Phillips writes today, with “Tax Day” receipts now in the books, non-withheld receipts month-to-date are down 29%, which is below the 28% decline Goldman had been assuming in its projection that the debt limit deadline will hit in late July (which in turn was recently moved up from early August).
[...]
Why does this matter? Well, as Phillips explains next, we re approaching a painfully non-linear transition: it would take only a few days of slightly weaker tax collections to tip the debt limit deadline to early June. As such each day could have dire consequences for both the debt ceiling fight, and for risk assets (which are largely complicit and oblivious as to what's going on in treasury funding world, but won't be able to do so for much longer).
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They will raise the debt limit regardless...
 
mindlessobserver said:
Silver, Cold store Crypto Wallet (On a laptop not connected to the internet), Stocks and everyone's favorite, in an envelope on a bookshelf. And why not? Banks offer zero benefit to me, average retail investor and consoomer while they get enormous benefit from me. And considering how shakey the banking system is atm, I don't trust it right now. The reward is not worth the risk. Banks have gone bust and taken all their depositors with them before.

You can probably also do Government Bonds too if that is your thing, but the way those are going I dunno man. Plus it means giving my money to the Government to do with. Even if you get a small fee for doing so, its just, ick.
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> Banks offer zero benefit to me

Between checking/savings, money market funds, I-Bonds, and T-Bills, I'm on track to pull in ~25k this year just from interest. (That doesn't count our stock holdings nor dividends.) I'd call that a pretty decent benefit, just for letting that money sit there. This isn't the 1800's, if a bank fails the depositors are not the ones who lose everything - that would be the shareholders and bondholders.
 
Autistic Joe said:
> Banks offer zero benefit to me

Between checking/savings, money market funds, I-Bonds, and T-Bills, I'm on track to pull in ~25k this year just from interest. (That doesn't count our stock holdings nor dividends.) I'd call that a pretty decent benefit, just for letting that money sit there. This isn't the 1800's, if a bank fails the depositors are not the ones who lose everything - that would be the shareholders and bondholders.
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I Bonds make me wish the CPI was still at 9.1%

Also, fun fact, you can buy I-Bonds through an LLC.
 
♂CANAM productions♂ said:
Feds stepped in and gave CA 15 years in 2007 to fix their shit (namely stopping flood irrigation), per the usual nothing was done.
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Record droughts, fires and these idiots are still not using drip irrigation?

Between that and the social decay anyone who has any property in california at this point is an idiot and deserves to lose everything.

Sell while you still can.
 
cybertoaster said:
Record droughts, fires and these idiots are still not using drip irrigation?

Between that and the social decay anyone who has any property in california at this point is an idiot and deserves to lose everything.

Sell while you still can.
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The large ag operators in California are held mainly by businesses associated with the Pelosi and their clique. Just go look at the stakeholders in most Napa valley wineries, Hint: It's Pelosi or her grandparents who were responsible for the interments of Japanese Americans who used to own the land.
 
NoReturn said:
I want to be like you.
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Aww, thanks fren! Believe me it took a long time to get here (about 20 years of saving), and a lot of discipline, learning to live well below our means. But it sure feels great to have that passive interest income right now while rates are high - it takes away some of the sting from getting hammered last year in both stocks AND bonds.

We've got ~10 years until retirement, so capital preservation is important at this stage. Back in the '00s I knew too many older people who took a beating in the Dot Com Crash, lost 80% or more, and were forced to keep working past 65. (And then probably got shafted again in '08.) It's damn hard to rebuild lost savings in your 60's.

The market's doing well so far this year, so we've slowly been moving more back into stocks. But from this point, I'll probably keep 50%+ in fixed income. I don't see interest rates coming down anytime soon, might as well take advantage of it.
 
Autistic Joe said:
(And then probably got shafted again in '08.)
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The sad part is that downturns in the US come almost in such cyclical manners it is hard to not see it coming. Which always boggles me why people don't prepare for one if they can.
This current bull run feels oddly similar to the 1930s though, so be prepared to lose everything (Read: have land, bullets, and skills).
 
HURR DURR
Morgan Stanley upgraded AB InBev (BUD) to Overweight from Equal Weight with a price target of $68.50, up from $64. The firm sees a favorable risk/reward in the parent of Budweiser and names the stock its top sector pick https://finance.yahoo.com/news/estee-lauder-downgraded-ab-inbev-140134106.html
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SURELY A COMPANY THATS MAIN PRODUCT IS FUCKING TANKING WITH SALES DOWN 28.5% ON HOLIDAYS AND BEING DROPPED BY COSTCO OF ALL FUCKING PLACES IS THE BEST FUCKING GOD DAMN BUY IN THE ENTIRE WORLD. LET'S PUT ANOTHER TRANNY ON THE CAN. THAT WORKED LAST TIME, LOOK IT'S EVEN MADE MORGAN STANLEY UPGRADE THE TARGET PRICE. $BUD IS THE BEST FUCKING STOCK EVER. PUT YOUR LIFE SAVINGS INTO IT BEST COMPANY ON PLANET FUCKING EARTH WHAT OTHER COMPANY PUTS A TRANNY CHILD RAPIST ON THE CAN? BET YOU CAN'T NAME A SINGLE GOD DAMN ONE. BUY NOW. Ab Inbev TO THE MOON

OH AND WE'RE LESS THAN TWO WEEKS OUT FROM EARNINGS, I'M SURE THOSE WILL BE GREAT. EVEN THOUGH Q2 EPS AND REV ESTIMATES ARE HIGHER THAN Q1 (WHICH THEY DIDN'T MEET) I'M SURE THEY WILL SEE RECORD BREAKING EARNINGS THIS QUARTER. AND THEIR GUIDANCE WILL BE BETTER THAN EVER BECAUSE GUESS WHAT THEY'RE NOT JUST GOING TO PUT ONE TRANNY ON THE CAN THEY ARE GOING TO PUT TWO. IN FACT THE HARVARD GRADUATE MARKETING EXECUTIVES AT ANHEUSER BUSCH HAVE BEEN HARD AT WORK COMING UP WITH A NEW SLOGAN FOR BUD-LITE "BUD LITE: THE BEER OF CHILD RAPISTS"
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BUD IS A CRAMER APPROVED BUY!!!!
 
777Flux said:
HURR DURR

SURELY A COMPANY THATS MAIN PRODUCT IS FUCKING TANKING WITH SALES DOWN 28.5% ON HOLIDAYS AND BEING DROPPED BY COSTCO OF ALL FUCKING PLACES IS THE BEST FUCKING GOD DAMN BUY IN THE ENTIRE WORLD. LET'S PUT ANOTHER TRANNY ON THE CAN. THAT WORKED LAST TIME, LOOK IT'S EVEN MADE MORGAN STANLEY UPGRADE THE TARGET PRICE. $BUD IS THE BEST FUCKING STOCK EVER. PUT YOUR LIFE SAVINGS INTO IT BEST COMPANY ON PLANET FUCKING EARTH WHAT OTHER COMPANY PUTS A TRANNY CHILD RAPIST ON THE CAN? BET YOU CAN'T NAME A SINGLE GOD DAMN ONE. BUY NOW. Ab Inbev TO THE MOON

OH AND WE'RE LESS THAN TWO WEEKS OUT FROM EARNINGS, I'M SURE THOSE WILL BE GREAT. EVEN THOUGH Q2 EPS AND REV ESTIMATES ARE HIGHER THAN Q1 (WHICH THEY DIDN'T MEET) I'M SURE THEY WILL SEE RECORD BREAKING EARNINGS THIS QUARTER. AND THEIR GUIDANCE WILL BE BETTER THAN EVER BECAUSE GUESS WHAT THEY'RE NOT JUST GOING TO PUT ONE TRANNY ON THE CAN THEY ARE GOING TO PUT TWO. IN FACT THE HARVARD GRADUATE MARKETING EXECUTIVES AT ANHEUSER BUSCH HAVE BEEN HARD AT WORK COMING UP WITH A NEW SLOGAN FOR BUD-LITE "BUD LITE: THE BEER OF CHILD RAPISTS"
View attachment 5222853

BUD IS A CRAMER APPROVED BUY!!!!
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Analysts are wrong all the time, why bother? If you are sure about the future decline then just short the stock and post the results. It's the stock market. Being right pays. Being wrong hurts. Capslocking into the void brings nothing.
 
My dad has a saying. "Economists spend 50% of their time making predictions, and the other 50% making excuses to why their predictions were wrong."
 
777Flux said:
HURR DURR

SURELY A COMPANY THATS MAIN PRODUCT IS FUCKING TANKING WITH SALES DOWN 28.5% ON HOLIDAYS AND BEING DROPPED BY COSTCO OF ALL FUCKING PLACES IS THE BEST FUCKING GOD DAMN BUY IN THE ENTIRE WORLD. LET'S PUT ANOTHER TRANNY ON THE CAN. THAT WORKED LAST TIME, LOOK IT'S EVEN MADE MORGAN STANLEY UPGRADE THE TARGET PRICE. $BUD IS THE BEST FUCKING STOCK EVER. PUT YOUR LIFE SAVINGS INTO IT BEST COMPANY ON PLANET FUCKING EARTH WHAT OTHER COMPANY PUTS A TRANNY CHILD RAPIST ON THE CAN? BET YOU CAN'T NAME A SINGLE GOD DAMN ONE. BUY NOW. Ab Inbev TO THE MOON

OH AND WE'RE LESS THAN TWO WEEKS OUT FROM EARNINGS, I'M SURE THOSE WILL BE GREAT. EVEN THOUGH Q2 EPS AND REV ESTIMATES ARE HIGHER THAN Q1 (WHICH THEY DIDN'T MEET) I'M SURE THEY WILL SEE RECORD BREAKING EARNINGS THIS QUARTER. AND THEIR GUIDANCE WILL BE BETTER THAN EVER BECAUSE GUESS WHAT THEY'RE NOT JUST GOING TO PUT ONE TRANNY ON THE CAN THEY ARE GOING TO PUT TWO. IN FACT THE HARVARD GRADUATE MARKETING EXECUTIVES AT ANHEUSER BUSCH HAVE BEEN HARD AT WORK COMING UP WITH A NEW SLOGAN FOR BUD-LITE "BUD LITE: THE BEER OF CHILD RAPISTS"
View attachment 5222853

BUD IS A CRAMER APPROVED BUY!!!!
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Gotta buy into that dead cat bounce. Ez money. Just trust me bro.
 
Quindoll said:
Analysts are wrong all the time, why bother? If you are sure about the future decline then just short the stock and post the results. It's the stock market. Being right pays. Being wrong hurts. Capslocking into the void brings nothing.
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bet
 
Quindoll said:
Analysts are wrong all the time, why bother? If you are sure about the future decline then just short the stock and post the results. It's the stock market. Being right pays. Being wrong hurts. Capslocking into the void brings nothing.
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something something troons western civilization MEN USED TO BE MEN all-caps schizopost

Anyway American Physician Partners is dead in ten days. Took them long enough. They're private equity funded and just filed Chapter 7. Envision's doing Chapter 11 and they are also private equity funded but they're spinning off all the profitable sites into Valesco (another company they own) as an asset shield against creditors.

So this is fun. Anyway that's what is going on in the world of emergency medicine. I don't know if private equity firms eating a loss will have ripple effects.
 
Financial vloggers, and websites I follow have ramped up the fear to apocolyptic levels in the last week or 2. I was worried myself around the Ides of March being historically the time bad shit if going to happens happens

IE The flash Crash of 2020, The earth quake in Fukushima, The Assassination's of Julius Ceaser

My conclusion Financial grifters, and retired hedge fund managers, or these young kids who got rich of 10 Air BnB's and GME, are starting to feel the pain of Fed Policy.

For Example if you have spent 2010 till 2023 making your business and wealth off Lending from institutions at near Zero percent interest rates you did really good, but now as the easy money is going to Cost 5% to barrow you better have Profit coming in.

The Plebs are not able to buy cars or houses with these interest Rates, so they sit on Lots collecting dust with expired batteries.

The Bank term funding program is done, but the Fed Discount window is there for any who need it. Banks might fail but I am not counting on it because every one is expecting it, and will cause a reaction not wanted by the central planners.
 
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