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Post by Sigurdur on Jul 1, 2021 2:11:20 GMT
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Post by blustnmtn on Jul 1, 2021 16:52:49 GMT
What's ~9 billion a day among friends Sig?
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Post by code on Jul 9, 2021 20:50:52 GMT
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Post by Sigurdur on Jul 9, 2021 22:09:45 GMT
Stupid move on Wells Fargo part. The "Wells Fargo can't increase its balance sheet" seems rather stupid as well?
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Post by glennkoks on Jul 11, 2021 23:26:14 GMT
Common sense tried and true old fashioned banking practices don't bring the kind of returns the "new" banks are looking for today. Those kinds of safe returns can't compare to the money made by derivative trading. www.cnbc.com/id/40628316
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Post by code on Jul 12, 2021 2:16:52 GMT
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Post by Sigurdur on Jul 12, 2021 3:37:31 GMT
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Post by walnut on Jul 12, 2021 3:50:12 GMT
Common sense tried and true old fashioned banking practices don't bring the kind of returns the "new" banks are looking for today. Those kinds of safe returns can't compare to the money made by derivative trading. www.cnbc.com/id/40628316Or derivative selling. Like the banks that sold Ireland all those junk mortgage backed bonds and they had no idea what they were buying.
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Post by missouriboy on Jul 12, 2021 4:55:54 GMT
Makes me feel better about my long-ago acquired gold reserves though.
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Post by walnut on Jul 12, 2021 13:20:51 GMT
Makes me feel better about my long-ago acquired gold reserves though. Now you're just bragging. I'm tempted to invoke "share the wealth"
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Post by missouriboy on Jul 12, 2021 15:01:43 GMT
Makes me feel better about my long-ago acquired gold reserves though. Now you're just bragging. I'm tempted to invoke "share the wealth" OK. I've always had soft spots for two types of wealth (other than cash and commodities): real property and precious metals. Neither are meant to be turned over very fast, but are rock solid. The first has annual carry costs and can be lived on or in. The second just sits there ... but what a stare. Carry NO debt unless it is producing an income stream.
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Post by walnut on Jul 12, 2021 15:22:57 GMT
I like land but sometimes there can be issues with adjacent landowners. I've done fairly well with land.
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Post by blustnmtn on Jul 12, 2021 15:44:19 GMT
I like land but sometimes there can be issues with adjacent landowners. I've done fairly well with land. They ain’t making anymore!
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Post by missouriboy on Jul 12, 2021 23:18:34 GMT
I like land but sometimes there can be issues with adjacent landowners. I've done fairly well with land. They ain’t making anymore! OK. It's a little wet ... but Mr Phy knows what I'm saying.
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Post by walnut on Jul 12, 2021 23:41:15 GMT
Now you're just bragging. I'm tempted to invoke "share the wealth" OK. I've always had soft spots for two types of wealth (other than cash and commodities): real property and precious metals. Neither are meant to be turned over very fast, but are rock solid. The first has annual carry costs and can be lived on or in. The second just sits there ... but what a stare. Carry NO debt unless it is producing an income stream.That is good advice. And be pretty certain that it will before you sign your name.
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