LOL no I didn't take it as that. I was just curious. Yeah the pool I had growing up had trees that dropped crap in it 24/7. I had to spend an hour cleaning the pool every day - it was the equivalent of mowing the lawn every day in the summer. I used to say, get a boat. That way when you get tired of it, you can sell it. You pretty much have to move when you're tired of the pool.
A place just outside Chattanooga, TN. If you look to the right you can see 3 states at once. TN (obviously) Lookout Mtn GA and Sand Mtn, AL. It's my own little Rock City. 1 or 2 days per year it's super clear and you can see mtn ranges way in the background. Could possibly be NC and/or SC but who knows. I have 3.1 acres but most is billy goat land. I found out last week that they used to strip stolen cars back in the 60s/70s on this lot and roll the chassis off. Once snake season is over, I'm heading down to see if I can pull some steering wheels or glove box doors for wall art.
The Fed is already on a path for 800B in deferred paper losses if next year's March rate hits around 3.25%. Apparently, not only did they individually side hustle the markets until news leaked about it, the bank legitimately degen and park trash/troubled assets then cut 100B checks to the Treasury if the arb on rates are favorable for that year. But this year...I guess we introduce a national 1 billion dollar lotto to cover up that degen shortfall? 3.5% is already high. I don't think many BBB rated companies can survive 5, even on a good year. They're pretty much zombies relying on revolving credit like a deadbeat breadwinner with a highschool diploma. Gotta love Ivies and the CEOs they mint out. Jacking up the rates violently (100-125bp) would've been a strong psychological message to quit hoarding as credit seizes from the shock, or maybe the damage is already done? I still think the bond market with the 2yr is far more accurate than the Fed's internal predictions right now. I'm trying to rack my head and question whether this is a bottom for the markets, as everyone now bets on it more than Main Street, but I just don't see it. Retail is getting squeezed and somehow they're going to spend their way through as food and restaurant prices expand twice the reported CPI? I guess we ask again and roll that magic 8 ball in a couple more months.
Isn't the whole goal of raising rates to slow the economy to slow inflation? Inflation is being driven by supply chain issues. Monetary policy won't fix that - Powell has even admitted that - so instead, they are trying to drive down demand. So "Americans starting to pull back" was the whole goal of raising rates and is the intended solution to the inflation problem. A bad solution, but it seems weird to both complain about inflation and then the only current solution to inflation (since we don't know how to fix supply chains).
Just came here to laugh at this proposed gas tax holiday. It appears we're talking about a whole $.18 a gallon here. How many Americans will be timing their need for gas around this holiday? For the rest of us who don't need gas, should we buy gas cans and horde gas? So, let's see my actual savings here. 15 gallons x $.18. That's about $2.70 off of $71.25 per a tank of gas costing $4.75 a gallon. If I had a RV with a 100 gallon gas tank, then the savings would be just under $20 off of a $475 gas bill. Are you F-ING KIDDING ME WITH THIS GAS TAX HOLIDAY CRAP!?!?! No thanks.
That pool is freaking amazing! I live in middle Tennessee currently …I know how rocky the terrain is so that price for the quality and details seems quite reasonable. I had a quote for a $60k setup that didn’t come close to that. Wife wants to eventually move back to Texas or more likely Florida so we decided to wait on the price but that is impressive…looks like those infinity pools in Cali
Pools are cheaper in FL and TX so waiting is a good idea. I asked about an infinity pool and they've done some amazing ones on the bluff but since my number one thing on my list is how easy it is to maintain (given my childhood experience), they suggested this design. I can't say they were wrong - it's been super easy. These were some good ole boys that all related or went to school together about 30 minutes north of me. The boss' family has been building pools since the 30s. The kids were brought in on site a few days for gopher projects so they'll keep the business alive for future generations. But yeah they know rock. They said busting rock won't be a problem until the rocks won't break and they are just bringing out powder. They hit rock 2' down and hit the hard stuff 4' feet later. It took a week to go down another foot from the powder stage. The other option of course was to just make the wall bigger but I really didn't want that - it's big enough.
I live and work inside the loop (Houston ppl know) and subsequently don't drive much. I cannot imagine commuting 20+ miles both ways everyday (which is common for Houston ppl).
Surging Oil Prices Push Permian Production to New Record On a US production related note.... not much is being talked about the aging Upstream workforce. There's going to be a lot of knowledge and expertise retiring very soon. My old man is in Upstream and he was let go in 2019 when US producers were drilling themselves into bankruptcy. Not to mention many of the oil field workers were let go between 2019-2021.
Agreed. The positive spin, which I agree with, is that we have a pretty historically tight labor market so now is the time to let some of the wind out of the demand sails. I'll add we are entering a new supercycle that is moving towards more on-shoring and "regionalism" over globalization. Globalization was deflationary while on-shoring and regionalism is inflationary. I personally hope that Biden doesn't remove the Chinese tariffs. My biggest issue with Biden is he's just such a poor communicator, otherwise he's just got bad luck with timing in the Oval Office.
Gas tax holiday is not a "holiday" in the sense you're thinking. Its not a one day thing - it might last a weeks or a few months or whatever.
