gehringer_2 Posted June 11 Posted June 11 (edited) 15 minutes ago, Screwball said: The "small block" Chevy was arguably the best engine ever produced. It certainly made an impact on racing, and still does today. 900 hp engines in dirt track sprint cars based exactly on the old small block. 18436572 Firing order since day one. 18436572 ...L-RR-L-R-LL-R... which translates to lub-dub-lub-dub-lub-dub.. from the dual exhaust. 😉 I have to say the Subaru boxer H-6 was the smoothest, low speed torguiest, easiest winding ICE I ever drove, but it sounded pretty boring by comparison. Edited June 11 by gehringer_2 Quote
Screwball Posted June 11 Posted June 11 (edited) 11 minutes ago, gehringer_2 said: Funny thing is replacing that engine mount took all of maybe 30 minutes. Can you imagine doing that job in that time on a car today? 🔧 No. Funny. I talk to a buddy every night who, like me, started out as a mechanic back in the late 60s early 70s. We could fix our own cars. Not now, that ship sailed years ago. Special tools, fuel pumps inside gas tanks, starters under the intake manifold, batteries under the back seat, and every piece on the car that can be saved, cheapened, or made so it's easy going down the assembly line, they will do. You can't work on them and they don't want you to. I'll bet I could still get around in my 1979 souped up Chevy C10 pickup if I didn't break a telephone pole with it. Probably couldn't buy gas for it today. Edited June 11 by Screwball Quote
gehringer_2 Posted June 11 Posted June 11 6 minutes ago, Deleterious said: It was up 1.1% for May. Powell has to be laughing his ass off. After all the crap he took for being too restrictive, history is going to prove he was never quite restrictive enough Quote
Deleterious Posted June 11 Posted June 11 Green across the board so far. Because indicators no longer matter. Quote
Screwball Posted June 12 Posted June 12 I'm sure everyone is on pins and needles to see Space X IPO debut today. Trading on the NASDAQ under ticker symbol SPCX it finally hit the tape at 11:46 am today. Price started at $135.00 but quickly the market took over. The broader market is trading at +299 on the Dow, +27 on the S&P, and +40 on the NASDAQ. Space X at $166 as I type this. Quote
oblong Posted June 12 Posted June 12 a friend texted me to say that Elon lost his billionaire status Quote
Tigermojo Posted June 12 Posted June 12 1 hour ago, oblong said: a friend texted me to say that Elon lost his billionaire status Now he can afford a ticket to Mars. Quote
Deleterious Posted June 16 Posted June 16 I read something today: the average American's net worth is closer to Bezos's net worth than Bezos is to Musk's. I'll have to rub that in Jeff's face the next time our yachts cross paths. Quote
Screwball Posted June 16 Posted June 16 43 minutes ago, Deleterious said: I read something today: the average American's net worth is closer to Bezos's net worth than Bezos is to Musk's. I'll have to rub that in Jeff's face the next time our yachts cross paths. The numbers are staggering. Trillions. That's a lot of zeros. Just for fun I asked Grok Quote The average (mean) American household net worth is around $1.06 million, but the median is much lower at about $192,700–$193,000. The math probably maths. One has to wonder where it all ends. Quote
gehringer_2 Posted June 16 Posted June 16 1 hour ago, Screwball said: The numbers are staggering. Trillions. That's a lot of zeros. Just for fun I asked Grok Al that equity appearing from thin air is also money supply being created.Just sayin..... Quote
oblong Posted June 16 Posted June 16 Relatively speaking.... are we more likely to be able to capture a higher percentage of our "net worth"? Meaning, if I am average and I sell my house and cash out all my investments... I'll have my $1M that i am worth sitting in a storage unit or under my bathroom floor, like Walter White. Elon can't get his $1T in cash I don't know what point I am trying to make. He can't get all of his money without crashing the world economy. I've had this thought when on all inclusive vacations. "How long could I live here if I sold everything?" I figured I'd make it until about 70. Quote
gehringer_2 Posted June 16 Posted June 16 (edited) 2 hours ago, oblong said: Relatively speaking.... are we more likely to be able to capture a higher percentage of our "net worth"? Meaning, if I am average and I sell my house and cash out all my investments... I'll have my $1M that i am worth sitting in a storage unit or under my bathroom floor, like Walter White. Elon can't get his $1T in cash I don't know what point I am trying to make. He can't get all of his money without crashing the world economy. I've had this thought when on all inclusive vacations. "How long could I live here if I sold everything?" I figured I'd make it until about 70. you are right, he can't access the value by selling it directly, but he can access the value by leveraging against it, and that goes a long way - until the bubble bursts. Which if he is clever enough might not be till he's dead. Edited June 16 by gehringer_2 Quote
Deleterious Posted June 16 Posted June 16 That might be a record. SpaceX is buying Cursor for $60 billion in an all stock swap, no cash. So all public stock holders were just diluted a little bit. Quote
CMRivdogs Posted June 16 Posted June 16 I've tried to trade my Vacation Club points for things like cars and groceries. No one ever bites, How do these rich guys pull it off? 1 Quote
Screwball Posted June 16 Posted June 16 Fox to buy streaming device maker Roku for $22 billion Don't know if this will be good or bad. I have a few Roku's and like them for what I use them for. I stream everything and use the Roku or a hacked Firestick. If they try to charge me I'm done. Quote
Tiger337 Posted June 17 Posted June 17 Musk's wealth makes no sense to me. What has he done that makes him worth so much more than everyone else? Bezos I can see. For better or worse, his business has changed the way America does its shopping. It's truely revolutionary. Musk just seems to move money around. yeah, there a lot of businessmen like that. Why is he so much wealthier than everyone else? Quote
gehringer_2 Posted June 17 Posted June 17 (edited) 1 hour ago, Tiger337 said: Musk's wealth makes no sense to me. What has he done that makes him worth so much more than everyone else? Bezos I can see. For better or worse, his business has changed the way America does its shopping. It's truely revolutionary. Musk just seems to move money around. yeah, there a lot of businessmen like that. Why is he so much wealthier than everyone else? I'll give Musk credit for two impacts - Tesla did speed the eventual adoption of EVs as the major part of the US vehicle fleet in a big way. The Chinese would have gotten there anyway but Chinese models would still be embargoed here so they would not have had any effect on the US industry/fleet. The other is Starlink. It may not have changed the way *we* live, but it has changed the way wars are fought, which is changing the way a lot of other people live - and die. what I think is interesting is that Musk wants to make a big push into consumer sat phone cellular. I'd be curious to how he proposes to get around was has sunk this is idea in the past, which is that satelite communication doesn't work very well in buildings and most people spend too much in buldlings to be interested in a service that ony works when they are outside. I guess if you can get bulding operators to put repeaters all over the place(?). Ground based cellular penetrates into buildings much easier. Edited June 17 by gehringer_2 Quote
gehringer_2 Posted June 17 Posted June 17 Market down 1% on news the Fed made absolutely no news everyone didn't already expect. Quote
Deleterious Posted June 17 Posted June 17 They are now saying a .25 bps bump by the end of the year, which seems light to me. The bigger laugh. They predict PCE hitting their 2% target rate by 2028. It hasn't flirted with 2% since 2021, why would they think they can get it down that far in 2 years? Quote
CMRivdogs Posted June 17 Posted June 17 15 minutes ago, gehringer_2 said: I'll give Musk credit for two impacts - Tesla did speed the eventual adoption of EVs as the major part of the US vehicle fleet in a big way. The Chinese would have gotten there anyway but Chinese models would still be embargoed here so they would not have had any effect on the US industry/fleet. The other is Starlink. It may not have changed the way *we* live, but it has changed the way wars are fought, which is changing the way a lot of other people live - and die. what I think is interesting is that Musk wants to make a big push into consumer sat phone cellular. I'd be curious to how he proposes to get around was has sunk this is idea in the past, which is that satelite communication doesn't work very well in buildings and most people spend too much in buldlings to be interested in a service that ony works when they are outside. I guess if you can get bulding operators to put repeaters all over the place(?). Ground based cellular penetrates into buildings much easier. My wife and I talked about the Starlink add on to T-Mobile. Even at $10 a month, its really not practical and doesn't really add anything to our service Quote
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