Happy Thanksgiving (early)! I keep hearing some pundits talk about how Europe is under valued compared to the US. So your thoughts on Europe are definitely timely. At the moment, I think the best strategy is to just get your portfolio ready for the next bear cycle, which seems like it must be coming. Of course, I have no idea, but I guess that is the point of being prepared.
What might be different this time, is that the new Congress may actually vote to close some departments and/or agencies. That would put many government employees and employees of private government contractors on the unemployment line. This jolt to this fragile economy might be enough to send it into a real recession. I personally feel the odds are against this outcome, since it has been tried unsuccessfully in the past.
A huge challenge is that the agencies are tasked with a lot of real work that is not easily closed down and often should not be. More than half of the DOE budget supports nuclear security, for example. And in education, there are lots of congressionally funded and mandated programs that can only be shut down by congress. Trump can't duplicate FDR's 100 days, he does not have enough of a mandate. So he will half to pick his battles. We will see what those turn out to be. So can they really fire enough government employees to create a recession? Perhaps, but seems doubtful to me too.
Early Happy Thanksgiving friend. I will be in West Bloomfield for the Holidays, and might have to pick up my first piece of Bryce Underwood merchandise. Exciting times -- thank the Lord, for Larry Ellison's girl (wife) who is a Michigan Alum... Go Blue ....What's on the Beverage Menu for the Holiday's? On the Canadian REIT side have you ever looked at HR.UN:CA H&R Real Estate Investment Trust? Seems to have repositioned as mostly US Resi, industrial, and grade A Commercial which they are carrying at a very thoughtful CAP. Seems super cheap, but what do I know? Ever looked at diversified MREITS like RITM, formerly New Rez. Thoughtful old friend on HYL, JKane used to own and, or, trade, and it has been stuck in my portfolio for years. Wishing you and your loved ones -- a safe, happy, and healthy Thanksgiving Holiday!
If I recall correctly I did not like the debt profile for HR.UN, as is typical with the Canadian REITs.
No mREITs for me, not even diversified ones. As to RITM, price has been flat over time with a downward step in 2020. So that 9% yield is the return investors have gotten. Perhaps the markets have refused to recognize growth? Doubt it though.
Beverage: taking a high-end white -- Shared Notes -- as my contribution to Tgiving dinner at friends. There will be a collection of great juice there.
Look up the kneesovertoes guy and try his workouts, I can attest personally that they're very helpful.
Hi Paul, does that Eurozone graph exist for the UK only, or is UK even included? Thx
Thanks for Commenting.
For the Iove & support you've shown me I'll introduce you to a huge & massive ɨn⩔៩នƬ៣៩nƬ
Write with Taylor Nelson
₩Ħ₳₮$₳₱₱: ±𝟭 (𝟱𝟴𝟱)𝟲𝟮𝟯-𝟬𝟭𝟯𝟯
Tell him I sent u. It's very prof!table
Not sure, Andy. I will post a couple relevant charts in the chat.
Happy Thanksgiving (early)! I keep hearing some pundits talk about how Europe is under valued compared to the US. So your thoughts on Europe are definitely timely. At the moment, I think the best strategy is to just get your portfolio ready for the next bear cycle, which seems like it must be coming. Of course, I have no idea, but I guess that is the point of being prepared.
Well we share that point of view and may or may not be right
What might be different this time, is that the new Congress may actually vote to close some departments and/or agencies. That would put many government employees and employees of private government contractors on the unemployment line. This jolt to this fragile economy might be enough to send it into a real recession. I personally feel the odds are against this outcome, since it has been tried unsuccessfully in the past.
Thanks for Commenting.
For the Iove & support you've shown me I'll introduce you to a huge & massive ɨn⩔៩នƬ៣៩nƬ
Write with Taylor Nelson
₩Ħ₳₮$₳₱₱: ±𝟭 (𝟱𝟴𝟱)𝟲𝟮𝟯-𝟬𝟭𝟯𝟯
Tell him I sent u. It's very prof!table
A huge challenge is that the agencies are tasked with a lot of real work that is not easily closed down and often should not be. More than half of the DOE budget supports nuclear security, for example. And in education, there are lots of congressionally funded and mandated programs that can only be shut down by congress. Trump can't duplicate FDR's 100 days, he does not have enough of a mandate. So he will half to pick his battles. We will see what those turn out to be. So can they really fire enough government employees to create a recession? Perhaps, but seems doubtful to me too.
Early Happy Thanksgiving friend. I will be in West Bloomfield for the Holidays, and might have to pick up my first piece of Bryce Underwood merchandise. Exciting times -- thank the Lord, for Larry Ellison's girl (wife) who is a Michigan Alum... Go Blue ....What's on the Beverage Menu for the Holiday's? On the Canadian REIT side have you ever looked at HR.UN:CA H&R Real Estate Investment Trust? Seems to have repositioned as mostly US Resi, industrial, and grade A Commercial which they are carrying at a very thoughtful CAP. Seems super cheap, but what do I know? Ever looked at diversified MREITS like RITM, formerly New Rez. Thoughtful old friend on HYL, JKane used to own and, or, trade, and it has been stuck in my portfolio for years. Wishing you and your loved ones -- a safe, happy, and healthy Thanksgiving Holiday!
Happy Thanksgiving to you! Exciting times indeed.
If I recall correctly I did not like the debt profile for HR.UN, as is typical with the Canadian REITs.
No mREITs for me, not even diversified ones. As to RITM, price has been flat over time with a downward step in 2020. So that 9% yield is the return investors have gotten. Perhaps the markets have refused to recognize growth? Doubt it though.
Beverage: taking a high-end white -- Shared Notes -- as my contribution to Tgiving dinner at friends. There will be a collection of great juice there.