LaxPower Back-Up Stick

njbill wrote: ↑Mon Jul 06, 2020 3:46 pm Pete has a life coach?

Pete, is it too late to get your money back?

… life coaches, the 21st century equivalent of "est" (for those not familiar with "est", you need to watch the movie Semi-Tough)

Typical Lax Dad wrote: ↑Mon Jul 06, 2020 7:37 pm

a fan wrote: ↑Mon Jul 06, 2020 7:10 pm The entire----entire------ fake libertarian "small government" Americans' entire reason for existing is built on a big, fat pile of steaming *hit.

Been saying it for 20+ years. Tea Party, my *ss. You will find no other group more self-delusional than this group.

And here at the new Water Cooler? Pete Brown is leading this charge. Socialism is bad. Laziness is bad. Handouts are bad.

And by "bad" they mean: only they are allowed to get handouts, tax cuts, free money, government backed loans. If "anyone else" wants one? Oh, well those are communists, obviously.

So. full. of. *hit. Every one of them.

Was on a call with some PE guys that want to recut a deal. Closed on an acquisition last August and want to take government money to lower their cost of capital. Deal will have more risk and they will shift the burden to tax payers. Wanted to replace pro money with dumb government money. They have been licking their chops taking free money.

Same thing with TALF and related. Was at the worst game in Hobart D1 history (bad loss to Bellarmine where our goalie was yelling at the coach down 6-0 in the second, dark days a few years after the D3 debacle w our AD in 08) with an alum who’s now head of IVR (Invesco Mortgage Capital) and he’s just telling me “yeah with that leverage we’re just backing up the truck on all CMBS and all structured products at the top of the cap structure). IVR was established as a liquidity event for their private investors from investing in those deals back then, dump it off on retail in the form of a REIT once the Fed dropped rates to zero and every aging boomer was thirsty for income producing products (like all these Single Family Rental vehicles or business development companies today-all investment version of Hotel CAlifornia).

Many PE guys have told me the same playbook-

de-risk (dividend or otherwise get your equity out) as fast as possible and carry a cheap or free option on the upside of the business or investment. OPP and financial engineering, far away from what KKR and Forstmann Little we’re doing 40yrs ago.

dislaxxic wrote: ↑Mon Jul 06, 2020 3:17 pm AF (Bluto) addressing PB's (Popeye) rightwingnut POV...



..

Every patriot has an equally easy time of it with PB. Unfortunately, delusional righties just do not have the capability of debating with patriots. This is why those Repukes lose every day on this forum.

What you didn’t know back then was how much of a liar he was.

Sadly many people kinda did...

Farfromgeneva wrote: ↑Tue Jul 07, 2020 5:54 pm Sadly many people kinda did...

Yep

Anyone who claims not to have known in 2016 that Trump was a liar and a serial criminal con-man for his entire adult (at least) life is someone who refused to pay any attention to the non-Fox news.

It will be interesting to see density spread once they are done:

So far the map has finished mapping nine states, and James Kardatzke believes the map should be finished by next week. He also said he and his brother began building the map because they believe it can be of some public good.

https://www.vice.com/en_us/article/v7g3 ... o-find-out

Zero rate policy. The whole concept is to push investment out the risk curve, unfortunately that means "all or nothing", the next Facebook, Amazon, etc. because there's tiny discounting of future cash flows and the world is liquid as can be. There's no value in building something to last over a intermediate term anymore, it's go for monopoly and if not de-risk and sell to newer, fresh capital backed competitor as a put.

The market is being driven by like 10-20 stocks, the breadth and depth isn't great. Blackrock just downgraded it's view on the US markets overall, but Nasdaq and FAANG + Tesla keep going up under the premise above which is a consequence of zero rates. I thought they should've pushed it further 3-5yrs ago.

I suspect there is more to this story than Robert De Niro not having cash. But I will also say it could not happen to a 'better guy'...

https://pagesix.com/2020/07/09/robert-d ... 1593607473

Why do the Dems get so quiet on this thread when the market rockets?

All Trump needs to do now is find a couple trillion in spending and voila!

Compare that to the riots-looting-anarchy of Democrats and there's no debate left.

Let's go, boys!!!!!! Let American Patriots win!!!

Peter Brown wrote: ↑Fri Jul 10, 2020 8:14 am I suspect there is more to this story than Robert De Niro not having cash. But I will also say it could not happen to a 'better guy'...

https://pagesix.com/2020/07/09/robert-d ... 1593607473

Karma

Peter Brown wrote: ↑Fri Jul 10, 2020 3:15 pm Why do the Dems get so quiet on this thread when the market rockets?

Check back when the market rockets.

S&P 500 is still under water for the year and down over 6% from its February high.

njbill wrote: ↑Fri Jul 10, 2020 4:36 pm

Peter Brown wrote: ↑Fri Jul 10, 2020 3:15 pm Why do the Dems get so quiet on this thread when the market rockets?

Check back when the market rockets.

S&P 500 is still under water for the year and down over 6% from its February high.

Someone hasn't heard of Nasdaq.




(psssttt: all time high; let's go America!!)

Must be anticipating Biden’s election.

njbill wrote: ↑Fri Jul 10, 2020 4:46 pm Must be anticipating Biden’s election.

Maybe, who knows. Though I'd think his tax proposals would offset any positives he brings. Very bad ideas.

Peter Brown wrote: ↑Fri Jul 10, 2020 3:15 pm Why do the Dems get so quiet on this thread when the market rockets?

Why do you think, bailout-boy?

njbill wrote: ↑Fri Jul 10, 2020 4:46 pm Must be anticipating Biden’s election.

Market is up on news of Kanamit‘s plan to serve man.

a fan wrote: ↑Fri Jul 10, 2020 5:15 pm

Peter Brown wrote: ↑Fri Jul 10, 2020 3:15 pm Why do the Dems get so quiet on this thread when the market rockets?

Why do you think, bailout-boy?

We get back to 27,500 Bandito was touting a couple of weeks ago?