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Old 01-12-2016, 01:39 PM   #41
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Chesapeake Energy 2020 due date bonds now yielding almost 40% a year...What a steal...Back up the truck! They will never be 40% again...Because they will yield 50% soon...


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Only 40%? The 2019 bonds I own from a copper/gold mining company now yield 70%.

40% is widow and orphan stuff. Wimps.
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Old 01-12-2016, 01:42 PM   #42
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Only 40%? The 2019 bonds I own from a copper/gold mining company now yield 70%.

40% is widow and orphan stuff. Wimps.

I dont think I want to know what you think of my 6%-7% yielding stuff.


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Old 01-12-2016, 01:49 PM   #43
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Where's the photo I linked in earlier in another thread about deep-sea fishing?

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Alcoa just reported earnings. It was bad, but beat expectations. Stock jumped from $8 to $8.17 in after-hour trading...
So, that stock rise was a head fake. Alcoa is now at $7.26. Good thing I did not buy any. I am going to stay put for a while, before I start to nibble again in anything, not just commodity producers. Need to conserve my cash. There's no more where that comes from.
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Old 01-12-2016, 02:48 PM   #44
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Chesapeake Energy 2020 due date bonds now yielding almost 40% a year...What a steal...Back up the truck! They will never be 40% again...Because they will yield 50% soon...
There's always Greek bonds, or the roulette wheel.
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Old 01-12-2016, 03:37 PM   #45
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Venezuelan debt. The 1 year is yielding 50% and you can get 20 years at 27% annual interest rate. That'll give you a nice withdrawal rate, boyo.
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Old 01-12-2016, 04:09 PM   #46
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Is it that bad? SP 500 is back to June 2014 levels, and internationals are doing a little worse. Yes, commodity prices are cheap but that's not entirely bad news (lower producer input prices = higher margins for many companies).
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Old 01-13-2016, 09:54 AM   #47
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This is certainly true at the low end, where people will be mechanized out of a job, [...]
I'm not even sure about that, at least not on a large scale. The majority of low-end jobs is in the service industry. While it may be technically possible in the future to replace bartenders, waitresses or nurses with robots, I'm not so sure customers will accept this. Maybe I'm just old-fashioned, but I for one prefer to deal with a human being.

I noticed something similar when Germany introduced a minimum wage for the first time last year. The expectation among economists was that a significant portion of low-end jobs would disappear due to outsourcing, but that has not materialized so far. You just can't move most warehouse clerks to China, and customers are not willing to travel to Poland for a haircut. Same for the services provided by cleaners, elderly care nurses, short order cooks, newspaper carriers, ...
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