😃Your last chance  to send in  a contribution for 2023

Notes today:

 

• Brexit has completely failed for UK, say clear majority of Britons – poll theguardian.com. 

• Iran discovers one of the world's largest lithium deposits of more than 8.5 million tons. 

• You are hard wired to avoid risk and that's why almost everyone underperforms. 

• Chinese Carmaker Overtakes Tesla as World’s Most Popular EV Maker.  

• Russia and Iran have agreed to avoid using the dollar in bilateral trade. They will use their own currencies moving forward. 

• Maersk, (ROE % TTM 16.15) one of the largest shipping companies in the world, suspended all container ship sailings in the Southern Red Sea after  Iranian-backed Houthi militants attacked one of its vessels.

 

Problem with these notes: some tend to run up against a deeply rooted feature of human cognition - the desire not to think about anything unpleasant…Sorry about that.

Btw, humans can only think about 4 things at once – according to the research team led by University of Oregon psychology professors Edward Awh and Edward Vogel. So, to help, we limit notes. 😉

 

 

Financial distress: As measured by debt delinquency, the share of Americans experiencing financial distress has risen in 2023. With credit card debt, the distress has returned to a level seen during the Great Recession..

 Stalled UK economy. Tory party perhaps?

 

Notes today:

 

• "Revenge spending" drives US credit card debt past $1 trillion. Americans have spent down their savings and racked up debt as the economy hums along, but experts are pondering whether consumers can keep going. Bloomberg 

• “The first principle is that you must not fool yourself – and you are the easiest person to fool.” — Richard Feynman 

• According to the World Gold Council, central banks have bought 800 tons in the first nine months of the year, up 14% YoY. 

• OJ: This is what happens when agriculture land is replaced with urban sprawl. 
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• It’s not just Paris. Bedbugs are resurgent everywhere. Like bacteria, the insects are becoming resistant to the chemicals used to kill them.

 

• Problem with these notes: some tend to run up against a deeply rooted feature of human cognition - the desire not to think about anything unpleasant…Sorry about that.
• Btw, humans can only think about 4 things at once – according to the research team led by University of Oregon psychology professors Edward Awh and Edward Vogel. So, to help, we limit notes. 😉

 

 

Happy Holidays

 

Underwater Car Loans

Costco sold a jaw-dropping $100 million worth of one-ounce gold bars in its latest quarter, the company's CFO Richard Galanti said in earnings call yesterday. Selling out “within a few hours”  ..

"For you last-minute shoppers out there," he added, "there's a Mickey Mantle autographed 1951 rookie card in nearly perfect condition, and it's on sale online for $250,000."

“Before you embark on a journey of revenge, dig two graves”

Confucius