Investing

[Screwball]

Gambling has been a problem for a long time. It's just easier now. There are more ways to do it as well. Visit a local animal club over the last 50 years and you will see tons of people pissing away money they shouldn't. Guy gets paid on Friday afternoon. Gets home Friday night and has lost it all in 4 hours. Happened 50 years ago and still happens today.

[Screwball]

Speaking of gambling; those 100 year bonds.

Why Alphabet’s 100-year sterling bond is raising new fears over debt-fuelled AI arms race - Bubblevision

[Tiger337]

12 minutes ago, Screwball said:

Gambling has been a problem for a long time. It's just easier now. There are more ways to do it as well. Visit a local animal club over the last 50 years and you will see tons of people pissing away money they shouldn't. Guy gets paid on Friday afternoon. Gets home Friday night and has lost it all in 4 hours. Happened 50 years ago and still happens today.

I agree.  It's always been a problem, but it's more widespread because it's so easy and acceptable now.  It is now widely promoted as a fun, entertaining activity and it's going to get worse.  

[romad1]

I wish I had come up with that. 

[Screwball]

And let's not forget the lottery. Example. I live in a small town. We have a Moose, Eagles, VFW, American Legion, Amvets, Elks, and probably another I can't remember. In 2019 alone, and I know this because I saw the numbers; around 600 members between the men and women and they spent $493,000 on the lottery alone in one single club. That's a drop in the bucket to the state operated gambling machines and ez-pull tickets they call them. Huge money. 

[Tigeraholic1]

 

Rate-cut expectations have surged (dovishly) higher this week (along with tumbling Treasury yields) amid a mixed macro picture (Labor market 'good', Retail sales bad, Housing ugly).

Today could change all that as CPI for January prints with risk skewed to the upside. January brings annual resets and they tend to surprise on the high side.

Despite the 'hot' whisper numbers (and 4 previous Januarys in a row of upside surprises), headline consumer price inflation came in cooler than expected in January (+0.2% MoM vs +0.3% expected). That pulled the headline CPI down dramatically from +2.7% to +2.4% - near the lowest in 4 years..

Edited 2 hours ago by Tigeraholic1

[Hongbit]

Santa Claus is more believable than today’s fake CPI report.