Got an email.— BowTiedBull - Read Pinned Tweet or NGMI (@BowTiedBull) May 25, 2022
“How come the dividend payout percent drops if the stock price goes up”
Went ahead and banned his subscription and refunded it. You are all welcome.
Got an email.— BowTiedBull - Read Pinned Tweet or NGMI (@BowTiedBull) May 25, 2022
“How come the dividend payout percent drops if the stock price goes up”
Went ahead and banned his subscription and refunded it. You are all welcome.
The size of the government is absolutely monstrous.
Absolutely legendary fact check pic.twitter.com/wvBkrYr1FR— Chris Freiman (@cafreiman) May 24, 2022
The funny thing about 8 or 9 months is that both figures are wildly optimistic. If the US government was retarded enough to confiscate all that eeevil billionaire wealth today, then it would have to sell roughly ~$3 trillion to get cash. Four points:
Monthly mortgage payments for median houses went up from around $1,400 last year to roughly $2,100.— The Notetaker (@FinTwitNotes) April 13, 2022
This is an increase of about 50%.
Nominal wages only increased by 5% in the last year and real wages are therefore negative.
House prices should stay stable or even cool off. pic.twitter.com/cXcFcy9901
Add to that the staggering price increases for rent, food, cars, and oil, it'll be a miracle if the US didn't experience a recession.
These 10 items were almost $100 at Costco. The chicken was $31 for half a package. They didn't have chicken thighs, which is what we usually buy pic.twitter.com/1EJAz9dRKp— Mrs. Sophisticated Uppity Colonizer (@Pro2agirl) May 11, 2022
The housing crisis in the San Francisco Bay Area has gotten so bad that one startup is now offering renters the chance to live in a “bunk bed pod” with 13 other people for just $800 a month.
I lived in a student house with 9 other people and we had 3 washrooms and that was sometimes a problem. The luxury apartment above is for 13 people and it has 2 washrooms! How is that going to work?
A short story. pic.twitter.com/ZZ4sOiPEIt— Josh (@joshmanmode_) May 12, 2022
Two things I've heard often from coworkers on the topic of stocks:
I learned about the stock market in high school in the previous century. Most of these people are older than me and they still don't have a clue.
Black Swan yesterday:
Given its volatility BTC drop is no "black swan event". Stop abusing the concept.— Nassim Nicholas Taleb (@nntaleb) May 11, 2022
[And someone telling you there is no risk of bankruptcy is actually telling you there is a high risk of bankruptcy.]https://t.co/d2RFN62Gg9
This is the boss of @coinbase.— Nassim Nicholas Taleb (@nntaleb) May 12, 2022
Mr Armstrong, please do not invoke *my* concept of Anti-fragile when you are maximally fragile, while exposing yourself to a yuuge left tail risk.
I am fed up with pple mis-citing my work. https://t.co/3d9kEaqbEp
The Coinbase stock price has crashed by roughly 85% in just over half a year. Definitely, not anti-fragile.
Bitcoin is down over 55% in the same time frame. Definitely, not an inflation hedge. Bitcoin has been the most incredible speculative "asset" of this century but its sheer volatility makes it unreliable for the average person. It could be near $0 or closer to $100,000 by the end of the year.
Saudi Aramco overtook Apple Inc. as the world’s most valuable company, stoked by a surge in oil prices that is buoying the crude producer while adding to an inflation surge throttling demand for technology stocks.
That's quite the change in under five months:
Earlier this year, Apple boasted a market value of $3 trillion, about $1 trillion more than Aramco’s. Since then, however, Apple has fallen nearly 20% while Aramco is up 28%.
The government gave you $1,400 to blow on whatever you want— BowTiedBull - Read Pinned Tweet or NGMI (@BowTiedBull) May 10, 2022
In exchange they gave you $7,000 worth of annual cost increases through inflation
You think they is gon’ solve this any time soon? Nah.
Think the US housing market is bananas?— BowTiedAlpaca | Chad Biglaw Attorney (@bowtiedalpaca) May 8, 2022
Just wait until it looks like 🇨🇦 pic.twitter.com/EZh6dvWdBP
Here's a photo of a simple house that's a one-hour drive away from Toronto:
There are 4 bedrooms, 2 bathrooms, and it's 2,100 square feet. Not too small to be cramped and not too big to be ostentatious; it's just the right size for an average family.
It's on sale. Can you guess the asking price? $1.6 million*. The 20% down payment would be $320,000. The monthly mortgage payment? $6,700. That's $80,400 a year for 25 years! A husband and wife together would need to make a minimum of $200,000 income to even think of buying such a basic house.
* $1.23 million in US dollars.
We’re screwed https://t.co/KAawpbI2hN— BowTiedBull - Read Pinned Tweet or NGMI (@BowTiedBull) May 9, 2022
The interest rates will be increasing for the rest of the year. The debt-powered fools have to sell crypto, equities, and real estate to cover the higher payments. Short-term, the US dollar will gain strength.
"I thought we may be able to have said that last year. When we started the year, we thought inflation would be up double digits. We have now revised that forecast to be more in the high teens. We are seeing it across a broad basket. We have seen it in our commodities like wheat and other things we cover. We are seeing it in our fuel costs and transportation. We are seeing it in packaging. So it's difficult for me to see the peak now."
I've seen a price increase of roughly 50% for food in the last two years. It's likely going to be another 20% by December. So, a staggering 80% jump in food prices in just 3 years. It wouldn't surprise me if we see an elegant and painful double for 2020-23.
This is your competition pic.twitter.com/egHjCGVeIp— SaaS Capo (@SaaSCapo) May 3, 2022
Using this calculator with a few conservative numbers brings the difference to $70,000. That's $5,000 lost every year because this person kept retirement money in cash instead of a basic index fund. All that was needed was curiosity and a weekend of research.
World Economic Forum report: “90% of all coastal areas will be affected by rising sea-levels due to climate change.”— Dr. Eli David (@DrEliDavid) May 4, 2022
It's the same with the Wuhan Flu. YOU have to wear masks and socially distance while they travel and party because SCIENCE!
The useless universities and the programing from the media leads to these results:
The Yahoo/Maru survey polled 1,517 Canadians between April 23 and April 25. It found COVID-related supply chain issues narrowly topped the list of potential causes, with 29 per cent pointing to the pandemic's lasting grip on global trade. [...]
A similar number of respondents (28 per cent) chose "profit-taking by companies and speculators" as the chief cause of runaway inflation.
It's unfortunately predictable that close to 90% didn't even mention money supply. An economics background is not necessary to grasp the concept. One just has to get the logic in this simple sentence:
[..] the Bank of Canada and the U.S. Federal Reserve are expected to continue hiking benchmark interest rates in a bid to tamp down inflationary pressures.
So, doesn't that mean that the record-low interest rates of the recent past is a major reason for the highest inflation in the last forty years?
Shhh. Ignore that logic, it's COVID, greedy corporations and RUSSIA RUSSIA RUSSIA!
"We take a lot of the raw materials and blend them together into the finished goods, the final product of fertilizer that farmers will be putting on their crops," explained Carson. Those raw materials include three main nutrients: NPK -- nitrogen, phosphorus and potassium, also known as potash. The three top exporters of these nutrients are Russia, China, and Canada.
Canada has got a truck driver issue thanks to the federal vaccine mandate, China banned its specific export last year, and, of course, Putin VERY BAD!
The result? The price of fertilizer is up 128% from one year ago. It went up more than 20% in just one month of the war in Ukraine.
Absolutely staggering. Food prices are going to increase a lot more in the coming months.
It's so weird how none of you cared that a Saudi owned so much of twitter and that Saudi Arabia literally used the platform to hunt gay ppl so they could be arrested/executed, but you draw the line at the guy who builds electric cars and wants to fly to the moon...— Yasmine Mohammed 🦋 ياسمين محمد (@YasMohammedxx) April 16, 2022
Yup. There's no social cost to thrashing a rich White guy. However, when the target is a colored Muslim, then there can be accusations of racism and Islamophobia. They aren't moral or logical; they're dumb, virtue-signaling cowards.
After nearly two years of harsh lockdowns and vaccine mandates, Australia’s Prime Minister declares that if you suffered any adverse effects from the vaccines they forced on you, it’s your fault. After all, you didn’t have to work, or go to school, or go to the supermarket.
Yeah. Here, in parts of Canada, the government mandated vaccine passports for shopping at Walmart. The polling data must have been intensely negative because the Quebec government got rid of that rule a few weeks later. Still, quite a few people buckled under pressure and got the jabs. Big Pharma gets $$$ and the government accrues power while the vaccinated sheep suffer the consequences.
🚨BREAKING: Florida Senate, on a 23-16 vote, just passed legislation ENDING Disney’s tax privilege, self-governing power & special exemption status.— Tim Swain (@SwainForSenate) April 20, 2022
You can tell that Jen isn’t even buying it anymore lol. Motioning her hands while reading off her notes like “whatever im out of her soon”— Christopher Schoepfel (@c_schoepfel) April 11, 2022
A Los Angeles real estate developer who purchased a mansion that he sold to a Black Lives Matter foundation six days later has insisted that the sale was 'all done above board' - despite the fact that the house mysteriously increased in value by $2.7 million during that timeframe.
That is some serious laundering.
More specifically, price ceilings lead to shortages. Then, the government will decide how to ration the stuff. It'll be a golden opportunity for them to showcase their Fuck White People equality philosophy.
The suffering for the average person is going to get worse.
You can bet BlackRock and other financial institutions buying up housing stock know that the supply is hardly growing.— John Durant (@johndurant) April 6, 2022
Now they have a financial interest to keep it that way.
NIMBY on steroids.
Terrible for the country. https://t.co/XlzKl8SoGl
Unions and NIMBYs.— Cernovich (@Cernovich) April 7, 2022
You can’t build roads.
Or high speech rail.
Cuz liberals block it.
Thx for your very uninteresting reply guy question. https://t.co/AlIechy8Qb
Yup. It's the same in Canada. Forget roads and rails that take kilometers of area; the construction of simple real estate is slow as molasses. For example, a car dealership was sitting empty in the city. The land was bought; the new owner wants an apartment building in its place. The tiny dealership was torn down five years ago. The construction for the apartments hasn't even started. Locals aren't happy about the upcoming "tall" building and the city is dragging its feet.
In that time, rent and house prices have almost doubled.
More brutal price increases are coming:
Translated: Aldi, for example, expects increases of 20 to 50 percent in its purchase prices in the coming weeks. Already on Monday, meat, sausage and butter are to become "significantly more expensive" at Aldi Nord. pic.twitter.com/f03pzO3ggr— Gregory Linton (@wuastr) April 3, 2022
Housing affordability in Canada was at its worst level in 31 years at the end of 2021, according to RBC Economics, which is warning that there’s no relief in sight for the country’s already-stretched homeowners.
Here's a shocking statistic for those who live outside of Canada:
Almost half of median pre-tax household income (49.7 per cent) would have been required to cover mortgage payments and other costs tied to owning a home, on an aggregate basis, in Canada in the fourth quarter of last year.
Note these two words: pre-tax and household. Take the median Canadian couple where both people work. Assume that their income is the same. In the current market, the entire after-tax income of one person is not enough to cover the housing costs for the average property! This means that both people must work to live in the average-priced house.
An anecdote: rent for a one-bedroom apartment in my building used to be ~$500. Now, it's $1,500. A new worker making minimum wage working 50 weeks of the year would make $25,000 after tax in Ontario. So, after rent, a low-skilled single person would have $7,000 left to spend in the entire year.
This is not going to end well.
Doug Ford has been in power for four years. Now, two months before the next election, he's taking action!
Premier Doug Ford's government is unveiling the first phase of its plan to deal with the skyrocketing cost of buying a home in Ontario.
The last few years have been brutal:
In 2021, the average sale price of homes in the province was 44 per cent higher than two years earlier, according to figures from the Canadian Real Estate Association.
I just looked online at a nearby house for sale: 4 bedrooms, 2 bathrooms, 1400 sq. ft. That's a small house by modern standards. Asking price? $1.45 million.
woke up to a lot of replies from people who are learning about the deranged vancouver real estate market for the first time. i should explain that this is what a $2M house looks like here: pic.twitter.com/ox7IknK3h1— Michelle Cyca (@michellecyca) March 18, 2022
I've been following the insane real estate market in Canada for many years but this still astonishes me: a 3-bedroom, 1(!)-bathroom house is approaching a $2.5 million asking price in Vancouver.
For context, the lifetime earnings of an average Canadian is under $2 million.
The Babylon Bee has competition: Inflation Stings Most If You Earn Less Than $300K. Here's How to Deal.
Kathleen Black is facing a 50% rent increase on the older three-bedroom central Scottsdale apartment she shares with her four kids and father.
“My apartment’s management is upping my rent by $800 a month,” said Black, who moved from Goodyear to Scottsdale in 2020 after a divorce so her children could go to school with their cousins.
“That will take almost 100% of my income, and my father is on a fixed income," she said. "Our apartment isn’t that nice.”
That's a rough $10,000 increase in rent for the next year. It's true that those making $300,000 won't sweat over it but those who earn around $30,000 will have harsh and ugly choices ahead.
Bloomberg: “Legend has it that inflation can affect people’s lives. We investigated this myth and discovered it was true, but only for the almost invisible fraction of Americans who make - and we verified that this actually exists - UNDER $300,000 per year.” pic.twitter.com/4aWkdcJM2Q— Sean Bell (@SeanBellring) March 20, 2022
Took 8 cuts to make a 52 second video.— Ty Fox (@TyHunterFox) March 14, 2022
Attention span so little they have to read propaganda scripts in small sprints.
Okay, I laughed at the last twelve seconds:
Pfizer CEO Albert Bourla said it will be necessary to receive an additional booster shot in the future.
Sale price increases in Ontario, Canada:
January 2020 --> August 2021 --> March 2022
Eggs (12): $2 --> $2.8 --> $3
Milk (4L): $4 --> $4.7 --> $5.3
Butter (1lb): $3 --> $3.5 --> $4.3
Coke (6 x 710ml): $2 --> $2.8 --> $3.3
Potatoes (10 lbs): $2 --> $4 --> $5
TV dinner (300g): $2 --> $3 --> $3.5
Peanut butter (1kg): $3 --> $4.5 -->$5
Chicken legs (1 lb): $1.5 --> $2.5 --> $3
Lean ground beef (1 lb): $3 --> $5 --> $5.5
Prime rib roast (1 lb): $5 --> $7 --> $9
At current inflation rates, workers lost 1 month of income. But we still have to pay income taxes on that month. So it’s more like one and a half months of income gone.— Cernovich (@Cernovich) March 14, 2022
When one looks at real estate, food, and oil costs from the beginning of 2020 to the predictable end of 2022, in three years, the inflation rate will be roughly 50%.
For someone struggling with an annual income of $30,000, that's a $10,000 pay cut!
The left when the working class says fuel is too expensive. pic.twitter.com/ulrQ5XAok5— David (@MaidEnjoyer) March 12, 2022
The Trump era RUSSIA! RUSSIA! RUSSIA! makes a return:
We went from: 1) inflation is transitory to 2) higher than we think so we'll adjust rates, to 3) "Putin is causing inflation!"— BowTiedBull - Read Pinned Tweet or NGMI (@BowTiedBull) March 8, 2022
In less than about 8 months.
Oh and people still have to wear masks and now get to commute to work with 2x commute cost.
Circus Circus Clown Shoes
I used to tweet, as a joke, that the Dem answer to high gas prices was to say "all the poors can just go buy a Tesla."— Rachel Bovard (@rachelbovard) March 7, 2022
And then, in the face of nearly $5/gallon gas...they actually said it. https://t.co/8emNwsLM8S
Also, to all the homeless bums out there, just buy a house. Like, duh.
My high school graduation year; this brings back memories:
A perfectly preserved Taco Bell receipt from 1999 found inside a library book. An incredible archaeological find! pic.twitter.com/w7RlZuT1LW— Jeze3D.exe v2.5.1 💾 (@RealJezebelley) March 4, 2022
On a related note:
"Lower income people don't want war because they're low IQ"— Lauren Chen (@TheLaurenChen) March 5, 2022
Or... how about lower income people don't want war BECAUSE THEYRE THE ONES MORE LIKELY TO FIGHT IN WAR pic.twitter.com/JBsjGfQIHB
The Mars comment and the WNBA remark made me laugh.
They think you use absolute morons.— BowTiedBull - Read Pinned Tweet or NGMI (@BowTiedBull) February 23, 2022
They really think this will trick you into believing it had nothing to do with printing 100% of the money supply https://t.co/Fc6Cb9J6JU
Let's see how many pukka NPCs are going to deny the last two years and parrot this retarded narrative.
Shocked the mask didnt prevent it. Beauty is - if dont get covid = vax worked. Get covid = would have been worse. Die within 90 days of vax = vax didnt kick in yet. Die after 90 = didnt get next booster so technically not "fully" vaxed. It's genius.— The Daily Bread (@dailybreadbets) February 23, 2022
It is. Big Pharma makes billions and governments, like here in Canada, seize tremendous power. It has been proved again: MPAI.
Using powers granted under the Emergencies Act, the federal government has directed banks and other financial institutions to stop doing business with people associated with the anti-vaccine mandate convoy occupying the nation's capital.
Trudeau just made tens of thousands of permanent enemies:
"Paying bills, paying rent and any kind of day-to-day financial transaction can be stopped for people who are part of the protest movement," she said.
There may also be some "unintended consequences" from frozen accounts, such as suspended alimony and child support payments, Davis said. "It's going to be very difficult for them."
A Romanian politician has a few choice words for the Canadian Clown:
Romanian MEP @CristianTerhes absolutely mops the floor with PM @JustinTrudeau in Brussels this week over how he's handling the Ottawa #FreedomConvoy2022 protests.— Cosmin Dzsurdzsa (@cosminDZS) February 20, 2022
"He's exactly like a tyrant, a dictator. He's like Ceaușescu in Romania," said Terhes. pic.twitter.com/Ox87jL3XJr
We know the names of everybody who contributed to the Truckers, but not the names of everybody involved with Epstein and Ghislaine.— Chris "Early Treatment" Martenson, PhD (@chrismartenson) February 19, 2022
Can we just admit it already? The halls of power are packed with unthinkably corrupt people.
It doesn't have to be this way. https://t.co/vvg2DzInod
Yup. Those who were buying young sex slaves are shielded. Those who donated a few bucks to an unacceptable peaceful protest are subjected to harassment and financial ruin.
Under orders from the Supreme Chancellor of the People's Republic of Canada Justin Trudeau, all bank ATMs across the provinces will now require anyone attempting to withdraw money from their accounts to take a small quiz on their political beliefs.
"Let me be perfectly clear," said Trudeau while standing in a puddle of his own urine. "Those with unacceptable views shouldn't have money. These evil working-class people being allowed to buy things and eat is a threat to public safety and national security. Starting today, all ATMs will screen people for unacceptable views before they can withdraw funds."
Not enough rooms in hospitals, congested highways, a skyrocketing real estate market and stagnant wages. The response from the Canadian government? Import more people!
Canada plans to welcome more than 1.3 million new immigrants to the country over the next three years to help its economy recover from COVID-19 and to drive future growth. [...]
The new plan calls for an annual intake that will reach 431,645 in 2022; 447,055 in 2023; and 451,000 in 2024 — equivalent to 1.14 per cent of the population by 2024.
The average price of a house in Toronto hit $1.4 million in 2022. It was only $1 million two years ago.
Rent for a one-bedroom apartment nearby was $600 six years ago. I heard of a couple moving into one recently. Their rent? $1,600.
"Official" 18% inflation while many people have a lower income because restaurants, theaters, cinemas, hotels, and airlines were hit hard over the past two years.
Large stores in the French-speaking Canadian province of Quebec require vaccine passports. It applies to stores that are larger than 16,000 square feet but does not include grocery stores or pharmacies. The government of Quebec’s policy is an attempt to convince holdouts to get vaccinated.
This has not been easy to implement for retailers like Walmart, IKEA, Costco, and other big box stores.
And now, not even a month later, Quebec announces that they fucked up:
Quebec will drop its vaccine passport requirement for all public spaces by March 14, the government announced Tuesday.
Health Minister Christian Dubé explained the decision at a news conference, saying the COVID-19 situation in the province has improved enough to gradually ease the measure.
As of Wednesday, Quebecers will no longer need to show a vaccine passport to enter liquor and cannabis stores as well as larger retail outlets.
So, for huge retailers, the vaccine passport lasted a grand total of... 23 days. Surely, those Big Bad Truckers had nothing to do with this turnaround.
Asset inflation 20%.— BowTiedBull - Read Pinned Tweet or NGMI (@BowTiedBull) February 12, 2022
Interest rate for rich = 3%
17% growth without lifting a finger and creating zero jobs
Thanks for stealing the future of the younger generation America!
It's the same in the dumb North. In the last two years, the biggest city in Canada saw a 43% increase in the average sold price of a property. The average price of property in Toronto is now $1.14 million. Understand that this includes condos and townhouses. The average price of a detached house is close to $1.4 million.
For a rich guy who could easily borrow at 3% to buy and flip a house, that translates to a profit of roughly $15,000 per month for two years. If he bought two houses, then that's a cool $1,000 a day for two years.
Yeah, it's a lot more than 5%.
With sky-rocketing housing costs and inflation at a 30-year high, millions of Canadians find themselves scraping by between pay periods. [...]
The most recent survey from the Canadian Payroll Association found that 36 per cent of respondents said they live paycheque to paycheque.
But proponents of a new approach to payroll called "early wage access" say time's up for the traditional model of getting paid once every two weeks.
Canadians have stagnant wages, inflation is the highest in 40 years, an average house in the big cities goes for over $1 million, and the federal government imports 400,000 people every year. Yet, the media discusses this so-called problem of delayed payroll:
Early wage access — also known as on-demand pay — is facilitated through app-based, third-party services offered by employers. These allow workers to get some of the money they've already earned without the two-week delay or the high interest rates offered by pay-day loan services. [...]
If your cellphone bill is due a couple of days before payday, you could access the funds to clear that bill before incurring a late fee, for instance. Or you could restock groceries when you run low instead of eating ramen for a week.
Most Canadians get paid every two weeks. If you worked from Jan. 30 to Feb. 12, then you'll get paid for that period on Feb. 17. So, one has to wait 18 days to get the pay for the work on Jan. 30. However, there's a flip side. Everyone has access to credit. One can spend on a credit card for the whole month of January and get the bill on Feb. 1. The due date is Feb. 21. This delayed payroll and interest-free credit spending largely cancel out themselves.
Now, if you've got student loans, car payments, maxed out credit cards, and a negative balance in your chequing account, then instant on-time pay is not going to be the solution to your problems.