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01-12-2016, 12:39 PM
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#41
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2012
Location: Seattle
Posts: 6,023
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 Quote:
Originally Posted by Mulligan
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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01-12-2016, 12:42 PM
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#42
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2009
Posts: 9,343
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Quote:
Originally Posted by Fermion
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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I dont think I want to know what you think of my 6%-7% yielding stuff.
Sent from my iPad using Tapatalk
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01-12-2016, 12:49 PM
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#43
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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Where's the photo I linked in earlier in another thread about deep-sea fishing?
Quote:
Originally Posted by NW-Bound
Alcoa just reported earnings. It was bad, but beat expectations. Stock jumped from $8 to $8.17 in after-hour trading...
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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.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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01-12-2016, 01:48 PM
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#44
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Thinks s/he gets paid by the post
Join Date: Dec 2015
Location: Michigan
Posts: 4,996
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There's always Greek bonds, or the roulette wheel. 
__________________
"The mountains are calling, and I must go." John Muir
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01-12-2016, 02:37 PM
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#45
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,697
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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.
__________________
In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.”
― Rudiger Dornbusch
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01-12-2016, 03:09 PM
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#46
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2007
Posts: 7,746
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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).
__________________
Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (8, 13, and 15).
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01-13-2016, 08:54 AM
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#47
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Recycles dryer sheets
Join Date: Jul 2012
Posts: 407
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Quote:
Originally Posted by CaliforniaMan
This is certainly true at the low end, where people will be mechanized out of a job, [...]
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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, ...
__________________
I am willing to perform services in exchange for currency. For now.
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