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Economy Stocks thread v28: in loving memory of Rob Mafia and Brackis1
- Thread starter HOLA
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WASHINGTON (Reuters) -U.S. President Donald Trump will personally announce the Pentagon's decision on a next-generation fighter jet contract worth at least $20 billion as soon as Friday, despite concerns about budget constraints and shifting priorities, sources briefed on the plan said.
The Next Generation Air Dominance (NGAD) program will replace Lockheed Martin's F-22 Raptor with a crewed aircraft built to enter combat alongside drones. The plane's design remains a closely held secret, but would most likely include stealthiness, advanced sensors and cutting-edge engines.
Lockheed and Boeing are competing for the winner-take-all engineering and manufacturing development contract, worth more than $20 billion. The winner will eventually receive hundreds of billions of dollars in orders over the contract's multi-decade lifetime.
…….
Trump just awarded it to Boeing. I strongly dislike this man. LMT down 6%.
The Next Generation Air Dominance (NGAD) program will replace Lockheed Martin's F-22 Raptor with a crewed aircraft built to enter combat alongside drones. The plane's design remains a closely held secret, but would most likely include stealthiness, advanced sensors and cutting-edge engines.
Lockheed and Boeing are competing for the winner-take-all engineering and manufacturing development contract, worth more than $20 billion. The winner will eventually receive hundreds of billions of dollars in orders over the contract's multi-decade lifetime.
…….
Trump just awarded it to Boeing. I strongly dislike this man. LMT down 6%.
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Nice bump for Boeing tho, should have picked some up at the 140 level
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Speaking of Japanese companies, Sony has been doing pretty good. Got in at $18.
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I’ve been panic buying the last two weeks
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Today was a day even old Petey couldn't screw up.
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We’re sinking again boys. Get your life jackets.
Picked up some GOOGL, MSFT and AMZN just now.
Also some good news today:
“W. R. Berkley Corporation Confirms Mitsui Sumitomo Insurance Co. Intends to Purchase 15% of the Company’s Shares in Open Market or Private Transactions From Third Parties”
WRB up 8.5% today.
Picked up some GOOGL, MSFT and AMZN just now.
Also some good news today:
“W. R. Berkley Corporation Confirms Mitsui Sumitomo Insurance Co. Intends to Purchase 15% of the Company’s Shares in Open Market or Private Transactions From Third Parties”
WRB up 8.5% today.
I got out of the market first thing this morning once again. I probably shouldn't do that, but the market does look more uncertain with all the changes going on. Took my profits and I'll watch and wait.
A write up I read this morning on the market concerning China and currency manipulation.
March 27, 2025
Yesterday we talked about tariffs and Trump’s objective to rebalance global trade.
It’s about China, and the multi-decade economic war it has waged using its currency as a weapon. That’s led to a wealth transfer, from the West, to China. And that has led to a structurally fragile global economy.
That said, a weak yuan has been the go-to strategy for manipulating economic advantage, and the formula for its rise to global economic superpower status. And we should expect China to counter Trump’s tariffs by … weakening the yuan.
If we look back at 2016, in the seven weeks surrounding the election, the Chinese central bank made the largest seven week devaluation of the yuan in a decade — in anticipation of tariffs.
This time, for Trump 2.0, the yuan is already set around the weakest levels vs. the dollar since 2007.
And if history is our guide (from trade war 1.0), we should expect China to create some leverage in trade negotiations by threatening a big one-off currency devaluation.
What leverage would that create?
A sharp yuan devaluation would (very likely) trigger global financial market instability. A small one-off devaluation in 2015 sent global stock markets into a sharp fall, on the fear that a bigger Chinese currency devaluation was coming, which could have led to a global currency war, as export competitors devalued to stay competitive.
A currency devaluation threat from China could either 1) put pressure on Trump to negotiate more favorably to avoid a bigger economic fallout, or 2) it could embolden his effort to end China’s economic warfare — perhaps by rallying allies to coordinate sanctions (to put China in the penalty box). My bet would be on the latter.
A write up I read this morning on the market concerning China and currency manipulation.
Latest – Billionaire's Portfolio
www.billionairesportfolio.com
March 27, 2025
Yesterday we talked about tariffs and Trump’s objective to rebalance global trade.
It’s about China, and the multi-decade economic war it has waged using its currency as a weapon. That’s led to a wealth transfer, from the West, to China. And that has led to a structurally fragile global economy.
That said, a weak yuan has been the go-to strategy for manipulating economic advantage, and the formula for its rise to global economic superpower status. And we should expect China to counter Trump’s tariffs by … weakening the yuan.
If we look back at 2016, in the seven weeks surrounding the election, the Chinese central bank made the largest seven week devaluation of the yuan in a decade — in anticipation of tariffs.
This time, for Trump 2.0, the yuan is already set around the weakest levels vs. the dollar since 2007.
And if history is our guide (from trade war 1.0), we should expect China to create some leverage in trade negotiations by threatening a big one-off currency devaluation.
What leverage would that create?
A sharp yuan devaluation would (very likely) trigger global financial market instability. A small one-off devaluation in 2015 sent global stock markets into a sharp fall, on the fear that a bigger Chinese currency devaluation was coming, which could have led to a global currency war, as export competitors devalued to stay competitive.
A currency devaluation threat from China could either 1) put pressure on Trump to negotiate more favorably to avoid a bigger economic fallout, or 2) it could embolden his effort to end China’s economic warfare — perhaps by rallying allies to coordinate sanctions (to put China in the penalty box). My bet would be on the latter.
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Today:
GOOGL: $152.79
MSFT: $369.52
AMZN: $187.10
Managed to be up about 10% this quarter, despite what’s going on. Thanks in large part to Berkshire, which is up 17.5% this year.
I’m happy, but somewhat surprised at Berkshire’s performance. I don’t think people realize how much the wildfires litigation has hurt Berkshire Hathaway Energy.
It’s fairly easy to see what Buffett himself values BHE, since it wasn’t 100% owned until recently, and he’s been purchasing minority interests. Using some back of the envelope math, it looks like a 45% decline from 2022 to 2024.
GOOGL: $152.79
MSFT: $369.52
AMZN: $187.10
Managed to be up about 10% this quarter, despite what’s going on. Thanks in large part to Berkshire, which is up 17.5% this year.
I’m happy, but somewhat surprised at Berkshire’s performance. I don’t think people realize how much the wildfires litigation has hurt Berkshire Hathaway Energy.
It’s fairly easy to see what Buffett himself values BHE, since it wasn’t 100% owned until recently, and he’s been purchasing minority interests. Using some back of the envelope math, it looks like a 45% decline from 2022 to 2024.
Last edited:
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For example:
In 2022 Greg Abel sold his 1% interest in BHE to BH for $870 million. 740,961 shares. This implies a value of $1,175 per-share.
In 2024 Walter Scott (or his estate since he’s dead now) sold their minority interest, with an implied value of $650 per-share.
That’s the 45% decline.
In 2022 Greg Abel sold his 1% interest in BHE to BH for $870 million. 740,961 shares. This implies a value of $1,175 per-share.
In 2024 Walter Scott (or his estate since he’s dead now) sold their minority interest, with an implied value of $650 per-share.
That’s the 45% decline.
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trust the plan?
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Waste Management is up today
Rotate into some safe haven
Rotate into some safe haven
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Makes sense. There's certainly a lot of trash that needs to be disposed of these days...
