The Bad The Bad And The Worst: $$$ 2022

Aramis Gonzalez Gonzalez: Martes, Octubre 28, 1958

Wednesday, March 30, 2022

The Bad The Bad and The Bad: 2022

Good !

at March 30, 2022 No comments:

Email This BlogThis!Share to X Share to Facebook Share to Pinterest

Home

Subscribe to: Comments (Atom)

I Love This Country !

2022

¡Dobla a Biden! 83% de rusos respaldan a Putin, solo 40% a Biden en EEUU. Buscan prohibir símbolo Z

Visitantes de Estados Unidos: Desde el Viernes, Marzo 25, 2022

Visitantes del Mundo: Desde el Viernes, Marzo 25, 2022

Total Pageviews

About Me

Aramis Gonzalez Gonzalez: Yo Soy Aramis Gonzalez Gonzalez: Dia de Nacimiento: Martes, Octubre 28, 1958 Santiago de Las Vegas, Habana, Cuba, Hasta que Sali de Cuba Por El Mariel en 1980, llegue a Cayo Hueso (Entry Date) el 5 de Junio de 1980, Y Vivo en Tampa, Florida EE.UU. Desde el 2 de Julio de 1980, Y Pienso Vivir Aqui Hasta el Dia Que Muera Ok, Yo Ahora Vivo en Tampa, Florida, Estados Unidos, En Compañia de Mi Esposa Lory Gonzalez y Mis Hijas Darlene Gonzalez: Lene y Charlene Gonzalez, Este Sitio Esta Diseñado Para Conservar Fotos Y Comentarios De Nuestra Familia, Hermanos y Amistades de Aqui de Tampa, Florida, Estados Unidos y De Santiago de Las Vegas, Habana, Cuba, Desde Aqui les Quiero Mandar Un Saludo a mi Familia, Hermanos y Amistades alla en Santiago de las Vegas, Habana, Cuba, Soy Hijo De Luis Gonzalez Vazquez (19/11/1924) - (22/02/1998) Y Julia Gonzalez Crespo (27/05/1928) - (03/10/1993) - (Periodo Especial Cuba, 1990s) Fecha de Matrimonio de Luis y Julia - (22/02/1954) - Fecha de Divorcio (13/05/1974) Yo No Pienso Visitar Cuba. Adios. United States Debt is Unstoppable ! Good Luck ! 09/21/2025 - - -

View my complete profile

Blog Archive

March 2022 (1)

12/27/2022 - Stop complaining, says billionaire investor Charlie Munger

Stop complaining, says billionaire investor Charlie Munger: 'Everybody's five times better off than they used to be' Story by Tom Huddleston Jr. • 3h ago 122 Comments Billionaire Charlie Munger thinks we should all be a lot happier. Charles Munger at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, April 29, 2022. Charles Munger at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, April 29, 2022. © Provided by CNBC Munger, the longtime investment partner and friend of fellow billionaire Warren Buffett, says he doesn't understand why people today aren't more content with what they have, especially compared to harder times throughout history. "People are less happy about the state of affairs than they were when things were way tougher," Munger said earlier this year at the annual meeting of the Daily Journal, the newspaper company where he's a director. The 98-year-old noted that he came of age in the 1930s, when Americans everywhere were struggling: "It's weird for somebody my age, because I was in the middle of the Great Depression when the hardship was unbelievable." During that annual meeting, Munger complained that envy is a driving factor for too many people today. Before the early 1800s, there were thousands of years where "life was pretty brutal, short, limited and what have you. [There was] no printing press, no air conditioning, no modern medicine," he said. If nothing else, Munger's sense of widespread envy in today's world might be right on the money: Recent studies show that roughly 75% of people are envious of someone else in any given year. Social media sites like Facebook, Instagram and Twitter are especially effective at sparking feelings of envy or jealousy, often connecting us with people who only offer highly curated peeks into the positive developments in their lives. MMJ Cards: Get Started For $75 - Medical MJ Right By You Ad flamendment2cards.com MMJ Cards: Get Started For $75 - Medical MJ Right By You At the meeting, Munger pointed to the work of Harvard psychologist Steven Pinker, who has argued that the quality of life around the world has improved dramatically over the past century or two, citing evidence such as longer life expectancies and reduced global poverty. Critics of Pinker's work say his views are overly simplified and ignorant of negative aspects of modern life, from growing wealth inequality to the ongoing existence of violence and political instability — factors that can still cause real suffering. In 2019, Munger downplayed the effects of wealth and income inequality, and claimed that the politicians who were "screaming about it are idiots." Some politicians, like Vermont Sen. Bernie Sanders and Massachusetts Sen. Elizabeth Warren, have called for tax increases on the ultra-wealthy in recent years. Munger and his estimated net worth of $2.2 billion would likely be subject to those increases. The billionaire has expressed skepticism about higher taxes on the wealthy in the past, even arguing last year that some inequality is a necessary aspect of a free market economy. At the Daily Journal's annual meeting this year, he added that most people's concerns over wealth inequality and criticisms of the extremely wealthy were "motivated" by envy. "I can't change the fact that a lot of people are very unhappy and feel very abused after everything's improved by about 600%, because there's still somebody else who has more," Munger said. Sign up now: Get smarter about your money and career with our weekly newsletter Don't miss: Billionaire investor Charlie Munger: ‘The world is not driven by greed, it’s driven by envy’

11/08/2022

Fortune Fortune Nouriel Roubini says it’s ‘mission impossible’ to avoid a hard landing, and we’ll get the worst of the 1970s and 2000s combined Tristan Bove - Yesterday 4:48 PM Aa The Federal Reserve is playing a complicated balancing act with huge implications. It’s trying to slow the economy bit by bit through interest rate hikes to reduce soaring inflation, while not tipping the economy into a recession. Economist Nouriel Roubini Economist Nouriel Roubini © Jason Alden/Bloomberg via Getty Images Fed Chairman Jerome Powell still says it’s possible to cool the economy and keep employment stable—all without causing a severe downturn, in what would be a “soft landing.” Developed for Healthy Brains - Non-Toxic Diaper Subscription Ad healthybaby.com Developed for Healthy Brains - Non-Toxic Diaper Subscription But if history is any indication, a recession and an economic “hard landing” are all but guaranteed, says Nouriel Roubini, professor emeritus at New York University’s Stern School of Business and the CEO of Roubini Macro Associates. He earned the nickname “Dr. Doom” for his prophetic visions of looming economic downturns, including an accurate prediction of the 2008 housing crash and subsequent market crisis. With the U.S. annual inflation rate as high as it is—8.2% in October—only a deep recession and a steep spike in unemployment might be enough to fix it, Roubini warned in a recent interview with Fortune. “In U.S. history, over the last 60 years, there has never been an episode where inflation was above 5% and unemployment was below 5% [when] the Fed started raising rates and avoided a hard landing,” Roubini said. “History suggests it’s going to be near mission impossible to avoid a hard landing.” But any continued economic downturn may result in something worse than higher unemployment, Roubini warned. Multiple factors could collide to create a recession that combines the elements of the two worst financial crises in recent U.S. history: the 1970s energy shocks and the 2008 financial crash. Recession on the way In September, Powell said that a “modest” increase in unemployment would signal that the Federal Reserve’s effort to tame inflation was succeeding, as higher unemployment means less of the competition for workers that has driven up wages and contributed to inflation over the past year as companies pass costs onto consumers through higher prices. The U.S. unemployment rate in October was 3.7%, up from 3.5% in September—though still relatively low by historical standards. To bring today’s levels of inflation in check, unemployment may need to go much higher, and the Fed just doesn’t want to talk about it, said David Rubenstein, billionaire investor and cofounder of the Carlyle Group. “He can’t quite say this, but if the unemployment rate goes up to 4% or 5% or 6%, inflation will [probably] be tamed a bit,” he said of Powell during a September interview with CNN. Former Treasury Secretary Larry Summers gave a similar estimate to the Financial Times last month, predicting that the Fed is “unlikely to achieve inflation stability without a recession of a magnitude that would take unemployment toward the 6% range.” Roubini told Fortune that a recession is coming and will likely send unemployment much higher than its current level. But unlike the many banks and strategists that have forecast a mild recession, Roubini said that the coming downturn will not be “short and shallow” and is instead likely to be “severe and more protracted.” Worst of both worlds Roubini warned that a confluence of factors—including rising national debt levels, supply-chain issues, and a global energy crisis—could bring together the worst of two historically bad economic downturns in the U.S. “In some sense, we’re going to have maybe the worst of the 1970s and the worst of the post-GFC [Global Financial Crisis] period,” he said. Roubini said that the coming recession has some similarities to the 1970s economic crisis that was largely caused by two oil supply shocks in 1973 and 1979, which led to high global oil prices and fuel shortages. Today the world is in the grip of another global energy shock, this time with natural gas in the spotlight. The war in Ukraine has severely disrupted global energy markets, including severely limiting natural gas flows from Russia to Europe and sparking an energy crisis on the continent. Natural gas is expected to remain in low supply well into next year, while the war has also aggravated an oil crunch that started during the pandemic era. “In the 1970s we had two negative supply shocks. Today we have many more than two,” Roubini said. But a big difference with the 1970s—and a worrying parallel with the downturn of the late 2000s—is the soaring level of U.S. national debt, according to Roubini. “[In the 1970s] we did not have high debt levels so there was no widespread debt crisis,” he said. “After the GFC there was a debt crisis to match the debt of households with the banks, mortgages, and the housing bubble gone bust.” In 2022, after years of higher government spending and pandemic-era stimulus, the U.S. national debt has reached new heights. The U.S. government went on a borrowing spree in the earlier days of the pandemic to help shore up the economy as businesses faced closures and unemployment soared, but that borrowing has returned with a vengeance with the national debt topping $31 trillion for the first time last month. “Today, we have negative supply shocks worse than the ’70s,” Roubini said. “And we have the worst of the GFC because the debt ratios are through the roof,” referring to today’s soaring national debt crisis and its similarities with U.S. debt in the late 2000s. Roubini said that the resulting combination might push the U.S. economy into something even worse than a recession, as high inflation combined with slower economic growth due to high debt levels could lead to stagflation, a toxic mix of high prices and low-to-zero growth. “You're gonna get not only inflation, not only a recession, but what they call the Great Stagflationary Debt Crisis,” Roubini said. “You’re going to essentially have a combination of both, so it’s much worse than the ’70s and it’s probably as bad as during the GFC.” This story was originally featured on Fortune.com

11/08/2022

Nouriel Roubini says it’s ‘mission impossible’ to avoid a hard landing, and we’ll get the worst of the 1970s and 2000s combined Tristan Bove - Yesterday 4:48 PM