😃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."

Brian Cox reads If I Must Die, by beloved Palestinian poet, teacher and martyr Refaat Alareer. Refaat was killed on December 7th by an Israeli airstrike. This was the last poem he published.

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

Confucius