The Nation's Financial Condition

[Peter Brown]

There goes another California company leaving for more hospitable pastures. This time, it looks like Colorado! Good job, a fan.

https://nypost.com/2020/05/26/palantir- ... eaving-ca/

This is just Karp blowing smoke up your ash PB. Palantir is not actually going anywhere.

And why is your investment manager in LA (assuming that means Los Angeles and not Louisiana)? Can't he move out of that hellhole?

TBH, I have a few and they are all located in cr@p blue state large cities. They will all move eventually to Florida, as Jones, Tepper, Griffin, Icahn, and so on did, saving probably over $1,000,000,000 in state income taxes alone by moving to Florida.

If you're shelling out over $100,000,000 annually to some cr@p state Governor like Connecticut's, who just pi$$es your money away while at the same time telling the state employee bozo's that you're the devil for being that rich, you'd blow out too. Good riddance to misery and say hello to sunshine and attractive ladies. For any hedge fund guy or gal, that's the easiest and best trade they will ever make.

[Farfromgeneva]

They move to FL when the GP principal or founder has made enough money to fold into a family office because they haven’t been able to bring all the talent with them, just ask Tepper at Appaloosa if he could relocate everyone easily or at all.

Or if you are a backup syracuse goalie who jumps into a big trade you just domicile in the Bahamas and bypass FL like this guy:

https://www.hildenecap.com/leadership/

[Peter Brown]

They move to FL when the GP principal or founder has made enough money to fold into a family office because they haven’t been able to bring all the talent with them, just ask Tepper at Appaloosa if he could relocate everyone easily or at all.

Or if you are a backup syracuse goalie who jumps into a big trade you just domicile in the Bahamas and bypass FL like this guy:

https://www.hildenecap.com/leadership/

Interesting. I had not heard of Hildene. Obviously they have done very well. And I applaud that guy a lot. Good for him!

[CU77]

They move to FL when the GP principal or founder has made enough money to fold into a family office because they haven’t been able to bring all the talent with them, just ask Tepper at Appaloosa if he could relocate everyone easily or at all.

And why is it hard to re-locate the talent to Florida? PB insists that it's a paradise, and that all the blue cities are hellholes! The talent should be fleeing!

Mysteriously, it's not. I wonder why that is ...

[Farfromgeneva]

Well in fairness there’s a number of well done but not FU money folks who are trapped in homes north of maybe $1.5mm on LI and Fairfield Co that can’t get out clean which is part of it.

But more importantly the ones that go south end up almost always in SE near Miami/Ft Lauderdale/Palm Beach/Boca, not space coast, Tampa/tallahassee, not Orlando or Jax. It’s the area that reflects NE and big city coastal values. Their not embracing Ocala/Sebring/Panhandle culture if/when they do relocate.

[Farfromgeneva]

Peter,

By the way, I like the concept of a Palantir a lot. Think it could be an absolute category killer elite mid to long run business. It ls most serious challenge is creating and maintaining the appearance (ideally operational) of agnostic/neutral but conflict free with constituents having the power to cause substantial operating costs and hurdles, and that’s no easy hurdle to clear at first or continuously (especially when the hurdle is likely to be raised over time at some points), perhaps that’s why successful execution carries what I would expect to be “gobs of riches on most in the first and second circle of influence to the business). So I hope you and your manager hang in there, seriously, because the risk of not busting through is tiny in my view to the potential payoff. No idea if they clear that hurdle but if they do you have a Microsoft/intel/amazon/Apple/Facebook/exxonmobile/Ge
Super mega cap company for a good decade or more with political, social and financial stroke like very few.

Outside of the business brain this turd is scary as hell, I hate it. And while I like Thiel and continue to presume his relationship to the White House is strategic in savant chess like such that he’s laying a sophisticated bet on this be int beneficial to Palantirs ability to scale up and get there, and he might be right, god forbid if he is but you get paid. It’s just a matter of time anyways but I loathe myself being in the triad at all.

[Typical Lax Dad]

Well in fairness there’s a number of well done but not FU money folks who are trapped in homes north of maybe $1.5mm on LI and Fairfield Co that can’t get out clean which is part of it.

But more importantly the ones that go south end up almost always in SE near Miami/Ft Lauderdale/Palm Beach/Boca, not space coast, Tampa/tallahassee, not Orlando or Jax. It’s the area that reflects NE and big city coastal values. Their not embracing Ocala/Sebring/Panhandle culture if/when they do relocate.

I have two friends that recently landed in Naples with a third tolling days

[CU88]

Americans have filed more than 40 million jobless claims

https://www.washingtonpost.com/business ... ronavirus/


Americans have filed more than 40 million jobless claims

[CU88]

Breaking precedent, White House won’t release formal economic projections this summer that would forecast extent of downturn

https://www.washingtonpost.com/business ... ojections/

White House officials have decided not to release updated economic projections this summer, opting against publishing forecasts that would almost certainly codify an administration assessment that the coronavirus pandemic has led to a severe economic downturn, according to three people with knowledge of the decision.

The White House is supposed to unveil a federal budget proposal every February and then typically provides a “mid-session review” in July or August with updated projections on economic trends such as unemployment, inflation and economic growth.

Budget experts said they were not aware of any previous White House opting against providing forecasts in this “mid-session review” document in any other year since at least the 1970s.

Two White House officials confirmed the decision had been made not to include the economic projections as part of the mid-session release. The officials, who spoke on the condition of anonymity to discuss internal deliberations, said that the novel coronavirus is causing extreme volatility in the U.S. economy, making it difficult to model economic trends.

[Peter Brown]

Well in fairness there’s a number of well done but not FU money folks who are trapped in homes north of maybe $1.5mm on LI and Fairfield Co that can’t get out clean which is part of it.

But more importantly the ones that go south end up almost always in SE near Miami/Ft Lauderdale/Palm Beach/Boca, not space coast, Tampa/tallahassee, not Orlando or Jax. It’s the area that reflects NE and big city coastal values. Their not embracing Ocala/Sebring/Panhandle culture if/when they do relocate.

I have two friends that recently landed in Naples with a third tolling days

Do you libs cry that much more every day when the stock market roars back? Serious question.

[Peter Brown]

Well in fairness there’s a number of well done but not FU money folks who are trapped in homes north of maybe $1.5mm on LI and Fairfield Co that can’t get out clean which is part of it.

But more importantly the ones that go south end up almost always in SE near Miami/Ft Lauderdale/Palm Beach/Boca, not space coast, Tampa/tallahassee, not Orlando or Jax. It’s the area that reflects NE and big city coastal values. Their not embracing Ocala/Sebring/Panhandle culture if/when they do relocate.

I have two friends that recently landed in Naples with a third tolling days

Do you libs cry that much more every day when the stock market roars back? Serious question.

Meanwhile, Florida crushing it, and DeSantis is the man.

https://www.floridatoday.com/story/news ... 051426001/

[a fan]

Dude. That story just told us that DeSantis is only allowing 25 people into his bar!

Do you read ANY media pieces?

You've been complaining about having ANY controls for weeks now. That anyone who limits economic activity is trying to take Trump out. That any governor who limits economic activity is a fear monger.

And now you're bragging about DeSantis, as if Dem governors all over the country, including mine, aren't allowing the exact same thing? DeSantis is only allowing 25% capacity? You know that that's far less than Colorado and some other States, right?

Dude. Are you not getting enough sleep or something?

[njbill]

Do you libs cry that much more every day when the stock market roars back?

When is Gilead going to come roaring back? It is still down 10% from when you told us to buy it.

[Brooklyn]

Americans have filed more than 40 million jobless claims

https://www.washingtonpost.com/business ... ronavirus/


Americans have filed more than 40 million jobless claims

Highest unemployment numbers since the Republican created Great Depression.

Thank you trump!

[Brooklyn]

Oh by the way, in case forum Republican have forgotten:


https://www.usdebtclock.org/


Remember in the old LP forum when Republicans used to post this on an almost daily basis? What could possibly have happened to make them drop their concerns over this?

[Peter Brown]

Do you libs cry that much more every day when the stock market roars back?

When is Gilead going to come roaring back? It is still down 10% from when you told us to buy it.

I didn't tell you 'to buy it'...what I buy I buy. That's my fun account and you're not invited to my stock party.

But if you are net long stocks, these are very good days! I realize that makes libs and Dems unhappy, that real value is being created by American businesses while Dems torch another city and wreck value by small business owners, but such is life.

[kramerica.inc]

DOW hitting its third straight day of good gains.

https://www.google.com/amp/s/www.cnbc.c ... 25000.html

Up 178 yesterday, up another 258 today...

[CU88]

Protestors Criticized For Looting Businesses Without Forming Private Equity Firm First

https://www.theonion.com/protestors-cri ... 1843735351



HA! PERFECTION!

[Peter Brown]

DOW hitting its third straight day of good gains.

https://www.google.com/amp/s/www.cnbc.c ... 25000.html

Up 178 yesterday, up another 258 today...

Shhhhhhhhhhh. Remember: half of us don’t want the economy to do well until after November 3. Thx.

[seacoaster]

DOW hitting its third straight day of good gains.

https://www.google.com/amp/s/www.cnbc.c ... 25000.html

Up 178 yesterday, up another 258 today...

Shhhhhhhhhhh. Remember: half of us don’t want the economy to do well until after November 3. Thx.

We all want the economy to do well. Stop the Stupid. Suggesting people on this board want misery and uncertainty for electoral purposes is offensive.