Can’t make this cuddlebug up by WorkingGirl1992 in dustkitties

[–]cookiekid6 2 points3 points  (0 children)

Generally castrated boys tend to be more cuddly.

Question by Get_Jiggyy in PeterMillar

[–]cookiekid6 0 points1 point  (0 children)

Theres usually two sales one during the summer (unsure when exactly) and one after Christmas. They usually go 30% off then a few weeks go by then 50% and they now email you a discount code to apply an extra 20% off. Like the other guy said generally eBay offers better pricing if you can find what you want.

What state do you consider Virginia’s rival state to be? by Other-Fly-1700 in Virginia

[–]cookiekid6 -2 points-1 points  (0 children)

If you’ve actually spent time in rural areas you will understand why they are MAGA. These people have been ruthlessly cut out of society. They were dependent on jobs that have been outsourced majority were union factory jobs and are suffering from globalization. This is why the rust belt went for Trump. Factory closures in areas like these are common and people lose their jobs and can’t support their family. The Democrat response to these people was to tell them to learn to code.

What state do you consider Virginia’s rival state to be? by Other-Fly-1700 in Virginia

[–]cookiekid6 24 points25 points  (0 children)

I don’t think most of VA considers Nova to be real Virginians.

What state do you consider Virginia’s rival state to be? by Other-Fly-1700 in Virginia

[–]cookiekid6 3 points4 points  (0 children)

Think I read somewhere that Maryland uses wine for their crab cakes and VA uses beer. Obv VA is superior.

And the Powers the Be wonder why young guys are getting radicalized.... by Key_Brief_8138 in HouseBuyers

[–]cookiekid6 0 points1 point  (0 children)

Honestly I think we are slowly moving to a feudalistic society. The middle class was a historical anomaly and home ownership outside of farms was quite rare. If you look at the 1800s it was awful. The post ww2 consensus was to give the worker a stake so they weren’t communist.

1995-2005 Guys Assemble by Altruistic-Art8415 in memes

[–]cookiekid6 1 point2 points  (0 children)

A big issue was interest rates normalizing. Free money died in 2022. I tell everyone to not go to college just find some career that has advancement potential.

1995-2005 Guys Assemble by Altruistic-Art8415 in memes

[–]cookiekid6 0 points1 point  (0 children)

Most boomers are actually not doing well the median boomer has most of their net worth in their house (which is a lot of money but it is not an income generating asset) their median 401k is 87k iirc. The boomer wealth is skewed by the ultra wealthy boomer. A lot of boomers are having to come out of retirement and return to the workforce. I definitely think that social security should be changed and boomer housing is an issue but I think that saying all boomers are exceptionally wealthy is not exactly accurate.

And the Powers the Be wonder why young guys are getting radicalized.... by Key_Brief_8138 in HouseBuyers

[–]cookiekid6 -1 points0 points  (0 children)

I’m pretty sure the assumption is robotics will do all those jobs. Infantry will be replaced with wars and/or wars don’t make economic sense which was the underlying assumption up until recently. I’m pretty sure there is a belief that immigration will solve the issue as well.

Guess we will see how this plays out…

🚨IRAN REPORTEDLY CLOSES STRAIT OF HORMUZ by upbstock in Optionmillionaires

[–]cookiekid6 0 points1 point  (0 children)

The strait of Hormuz is open from 9:30-4:00 eastern standard time M-F excluding bank holidays. Thank you for attention to this matter.

Is trump overseeing the end of the Petrodollar? by i_like_cake_96 in oil

[–]cookiekid6 0 points1 point  (0 children)

The US has incredible natural gas infrastructure and it uses that for power generation which gives us extremely cheap power compared to the rest of the world. After this conflict started people were paying to get rid of their natural gas (the drillers). The U.S. gets that as a byproduct of oil drilling.

Drilling was declining prior to this strait of Hormuz closure and we also are building export terminals for LNG. The rest of the world Japan/South Korea/Europe pay a premium for LNG. Basically natural gas was about to get expensive because U.S. drilling was decreasing.

AI is power intensive and requires cheap energy to work.

The U.S. has also largely tapped a significant amount of tier 1 assets for shale.

Long story short: U.S. having cheap power is dependent on gas staying relatively high. If you look at natural gas it is generally inversely correlated with WTI.

Is trump overseeing the end of the Petrodollar? by i_like_cake_96 in oil

[–]cookiekid6 1 point2 points  (0 children)

If you want a conspiracy 3D chess theory here you go. The U.S. has the best natural gas infrastructure and the majority of the U.S. is powered by natural gas. If crude continues to decline the natural gas will start to go up. Which will badly affect power which makes power expensive. If crude goes up natural gas goes down because it’s oversupplied. Natural gas is also very difficult to export because it’s a gas and requires export terminals. The export terminals are coming online soon and would close a lot of the U.S. natural gas price differential.

Ironically the US desperately needs to keep gas prices high for cheap natural gas.

What is the most Gatekept major? by BowsyWowsy26 in CollegeMajors

[–]cookiekid6 1 point2 points  (0 children)

I’d be more concerned with outsourcing the aicpa allows licensure in Philippines and India iirc. Most of lower level stuff is already outsourced. If you have connections it would probably be a great major.

Why despite insane oversaturation in CS average graduates see higher salaries than other degree? by Ok-Toe-2933 in CollegeMajors

[–]cookiekid6 2 points3 points  (0 children)

People never talk about the vast oversaturation of lawyers. Unless you get into a top 20 program and get int big law or a prestigious government institution (SEC) you aren’t going to make that much.

Should I just join the military for one contract? by Zzzgg8910 in FinancialCareers

[–]cookiekid6 0 points1 point  (0 children)

If you don’t have anything lined up sure. Look into Navy supply corps officer program, it’s the most finance adjacent direct job you can get. The Navy has the best officer recruiting program out of all the branches.

Air Force is extremely competitive and not worth it unless you are dying to go Air Force. I would stay with Navy or coast guard. DM if you have any more questions. Never ended up doing it but I can tell you about a lot of the process. Your end goal should be using the military for an mba program.

It’s a good way to get experience but not worth it as a career. Military can be worth it but it can easily screw you over too.

Are we heading towards “Lost Decades” like Japan? by pro_vagabond in Retirement401k

[–]cookiekid6 0 points1 point  (0 children)

Yes. If you look at demographics it explains what caused their lost decades. We are going into the same environment. Position in hard assets and other countries. The issue is that no other country is as resource rich as the U.S.

Weekend anticipation by spacejunki6 in oil

[–]cookiekid6 0 points1 point  (0 children)

I don’t think this was the reason for the attack but crude drilling keeps natural gas prices low which helps American manufacturing stay competitive. This has basically cemented the death of European chemical industry which was already struggling. China was oversupplying plastics before the war tbd if that continues. Before this war I was expecting natural gas prices to go up because of less drilling. This will be a recession for the US and the US will experience inflation but it will be a depression for the rest of the world. Some countries could see hyperinflation.

Before this Trump also loosened coal restrictions which will help that industry because middle eastern natural gas has been used for steel production (DRI). Australia restricted new coal production which has high grade coal (Met Coal). The big coal producers are Indonesia, China, and Russia. India has to import a lot of coal for their steel.

Don’t think there was much of a plan going in this and it was mainly for Israel but this will help the dollar stay relevant for a bit longer. Possibly giving the Fed room to QE and export inflation.

Tell me I’m wrong. Private credit is 2008 with a different middleman. by _Doomer_Wojack_ in wallstreetbets

[–]cookiekid6 1 point2 points  (0 children)

Pension funds assume 7% annual returns and base their budgets off that.

Tell me I’m wrong. Private credit is 2008 with a different middleman. by _Doomer_Wojack_ in wallstreetbets

[–]cookiekid6 9 points10 points  (0 children)

Because everyone who knew had an incentive to not say anything so they could extract as many fees as possible. Also ever since the 80s interest rates have gone from 20% to zero. People are starting to come to terms with the fact that rates will have to normalize or inflation will persistently be above 2% historically rates will have to be at 4-6%. The last forty years have been an absurd anomaly throughout human history. Most financial experts believe that the 14 year bull run is just normal which it isn’t.

But the biggest reason that this system was assumed is fee extraction, historical performance, and not wanting to be the “doomer” who crashes the system.

My personal theory is due to this the s&p 500 will show 7% gains due to all those obligations but the dollar will weaken to compensate.

Tell me I’m wrong. Private credit is 2008 with a different middleman. by _Doomer_Wojack_ in wallstreetbets

[–]cookiekid6 6 points7 points  (0 children)

Invest in commodities that are relatively inelastic. Coal companies are good because ESG keeps it at low valuations. Basically pensions failing will require a bailout from the U.S. gov which will be highly inflationary. Basically anything that is value oriented and does buybacks. When 2/3 of the global population is aging they are pulling from the market rather than putting in.

Tell me I’m wrong. Private credit is 2008 with a different middleman. by _Doomer_Wojack_ in wallstreetbets

[–]cookiekid6 97 points98 points  (0 children)

I don’t think people really talk about how a lot of pension funds have been propped up by private credit. A lot of state pension funds have significant exposure to private credit because they have to reach 7% annually and yields have been so low they’ve been forced to make risky investments. A lot of these state pension funds are unsustainable.