Comments by "dixon pinfold" (@dixonpinfold2582) on "Bloomberg Television" channel.

If it were a mere fight in Ukraine, NATO could destroy the Russian troops there pretty quickly. But NATO thinks Putin is a psycho who really would murder tens of millions of people in the West with nuclear weapons. And then of course NATO would rain super-destruction down on Russia. When someone says "I'm a psycho and I'll do anything," you have to consider that they might be telling you the truth. Should NATO trigger events that kill 100,000,000 people to put Putin out of business?
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In 2008 the Fed found its obese patient moribund on the table. It promptly began injecting adrenaline. That was probably a good idea, but it never stopped and here we are more than 12 years later. Quackery, pure and simple.
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Societies aren't much less fragile than economies, and civilizations aren't much less fragile than societies. Let's see how American society copes with this fall if it includes the triple whammy of a massive coronavirus surge bigger than the one last spring, a stock market collapse meaning the disappearance of ten to thirty trillion dollars, and widespread violence and destruction following a hotly disputed election result. These things would lead within months to a collapse of home real estate prices, meaning instant widespread impoverishment and homelessness --- in a country which even in January 2020 was already armed to the teeth, already seething with division and hatred, and already suffering disastrously poor mental health. And division, hatred, and mental health have since worsened immeasurably. Commercial real estate? Ha!
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Heavens, that was an unimpressive chat.
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It strikes me that the term 'excess liquidity' is used as a euphemism for what it really is, so that 98% of people won't know what is meant. It would anger many of them if they understood it all. The anchor comes closer to bluntness in the first two seconds of the clip, so hats off to him.
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Good. Just make sure you don't blink while it's having its moment.
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As compared to financial markets in 2020. How can you ask?
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@pkl8811 It's down 20% from three months ago, so that's not what I meant by having its moment. I meant when it doubles in a mere month at some point, that sort of thing.
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Oh, please. The Robinhooders, WSBers, and Reddit crowd decided to up the ante and attempt to out-casino the original casino dwellers. Why pick sides in a battle between the two most self-interested and greedy financial armies in the world? Simple gang-on-gang violence. So can the sanctimony and let them annihilate each other.
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"I assume mine output should be declining [because of Covid]" Come off it. Every gold mining company wants to maximize output now if they can, obviously. That they will move mountains (literally) to do so, and succeed, is a better assumption. There's something in this guy's voice I do not trust.
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We're "two, almost three years into this pandemic." Seriously, what? Are you high, doctor?
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You're missing what he explicitly said: US deficits will be partly financed by monetary monkeying around. The central bank will pretend-buy whatever bonds are surplus to global demand.
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I sense Diallo is one.
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Speaking of Tesla, anyone long on it had better start paring now. How much upside could you possibly miss from this point on?
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There was such a glut of supply pre-Covid (to March last year). Did so much capacity really disappear that quickly? Or are we in fact seeing real producer solidarity to hold back? If so, will it evaporate at $90? $100? Is it fading right now?
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And desalinate water with it. (Then refine gold out of the slurry. One ton per cubic mile of raw seawater.)
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@craig5261 Are you sure making fun of a garment is a poke at the race of the man wearing it? Really sure? It strikes me as much more likely to be a swipe at a civilization, which is perfectly permissible. It's rightly not seen as racist to calumniate Western civilization from outside of it. Launching a racism grenade on speculation...not cool dude. A very neat line in sanctimony, though. (Look up that word, then look in the mirror for a while, kiddo.)
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@craig5261 He who smelled it dealt it, my dear boy. Deal with your own r a c l s m some other way than projection. https://en.wikipedia.org/wiki/Psychological_projection
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@craig5261 And by the way, I heartily deplore the intolerant narrow-mindedness of the tea-towel remark. I deplore social Darwinism equally.
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Plays the female solidarity card in the first second.
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24:30 There's really evidence of a "12,000-year test" of gold's suitability as a store of value? Smelting wasn't invented till 5,000 years later, so we'd need signs that flakes or nuggets of placer gold were used as money. Sounds like a tall order.
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They produce services that people buy. I'm sure they're vastly under-taxed, and that desperately needs to be remedied, but they're no more leeches than most service providers. (Is an NBA star making $20m a year a leech?). Just agitate for fairer taxation (and closer regulation) if you want to help anything.
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@maganang8889 I think you've construed things pretty accurately. And yet Brookfield shares went up 10% or so yesterday. That was pretty wild. I wouldn't put a farthing into real estate right now. At least there wasn't any blood spilled over the US election. That's a major relief.
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@scottperry7311 Your worries have something to them. Seen through my blurred and bloodshot eyes, 1850 to 1990 (or 1985 or 2000) was all one age; since then we've been in one very different. I swore Leonard Cohen was off when he said "I have seen the future, baby, it is murder". Now I swear he saw it all first (well, Spengler and Freud did, but I mean amongst people in the present lifetime). The world is webbed up too tightly for any people's good luck to last a full century anymore. Leonard Cohen The Future. https://www.youtube.com/watch?v=3VAxwimExn0
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And just why shouldn't he have done so, whilst watching valuations gallop ahead of any reasonable forecast for profits? Had he not done so, that would have been the head-scratcher.
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@rabbitbobo4131 China's interest in the health of the US economy is plummeting. It's not 1995 anymore, in so many senses. The future of Chinese exports is in other markets. The Chinese attitude to the US economy is converging with its attitude towards the US military.
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A master class in vagueness. To some extent this is unintentional: Dalio, whatever his strengths, is not blessed with high verbal intelligence ("Um"...."um"..."um").
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It's a master class in vagueness. To some extent this is unintentional: Dalio, whatever his strengths, is not blessed with high verbal intelligence ("Uh"...."uh"..."uh").
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@ManPursueExcellence He explains poorly. He expressed things I have a solid grasp of in a way that would make them sound unnecessarily mysterious and vague to someone unfamiliar with them. If he has things straight in his head, why can't he come out and say what they are? This, I think, is why the interviewer in this and a previous interview with Dalio seems so frustrated. I was formerly editor of research at a global investment bank. I still read on economics, finance, and investment at least a few hours a week, and sometimes a lot more.
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Putin's evil = Hitler's evil
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@drakehound2244 Ok, ok. No need to drool all over yourself with hatred. There's lots of resentment to go around to all the 'socioeconomic groups'. Poor people are disgusting too, you never noticed? Just make sure the rich are taxed properly (i.e. a lot more than now). And never, ever let any of them get away with paying practically zero, which happens frequently. Two more specific tips, USA: Stop snorting so much monetary powder and go single payer on health care. Presto! inequality begins to shrink.
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As a word to describe financial markets in 2020 (March excepted) what's wrong with it?
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@drewgraham1482 Ha ha. Ebullient is posh, is it? I would have called it bookish. Is a good vocabulary ipso facto posh? Please say no.
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@drewgraham1482 Take your ebullience to the stock market, will you? I find you too fruity.
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?
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