05-27-26 hann
Years to restructure??
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From BBG
Venezuela’s effort to restructure its sovereign debt and liabilities tied to state oil company PDVSA is expected to take years, though analysts say progress toward an agreement could still improve confidence in the country’s oil industry and help attract investment before the process is completed, S&P Global Energy CERA reported.
Experts said financial markets may develop interim solutions within the next year to lower perceptions of risk and support renewed activity in the energy sector even as negotiations continue. Venezuela announced on May 13 that it would begin a broad restructuring of its external public debt and PDVSA obligations as part of a push to stabilise the economy and restore investor confidence.
Although Venezuela remains one of the riskiest jurisdictions for oil and gas investment, analysts expect its position to improve over the next five years as sanctions, fiscal conditions and regulatory policies become more favourable. Authorities are also revising production participation contracts under a new hydrocarbons law in an effort to boost crude output.
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Pana
Miami prices vs SFO
I confess I've never been to Miami. I gather New York fund industry is moving there.
I still like SFO. There's a certain dynamism despite empty financial district, restos closing quite early (9pm), homeless - though much less recently. Every person there talks like they are part of a world changing endeavor. It's slightly tiresome but also part of the charm. |
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05-27-26 carib
Leo: good to know.
So do I
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05-27-26 leopardo
I own Samsung there’s more room to go Pillz
Kospi will continue higher |
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05-27-26 pillz
| I am totally out now in EWY ... |
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05-27-26 pillz
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05-26-26 panasonic
Carib, agree on keeping diversified assets in different locations.
Unless via coup d'etat, we'll see it coming and have time to move before some crazy tax hits us.
Pope Leo seems to have more clarity on AI than many of my friends, hope some leaders join his concerns and act before hand. |
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05-26-26 victor
| also, new zealand has no inheritance taxes. |
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05-26-26 victor
..and new zealand has no capital gains taxes.
people leave in spite of. |
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05-26-26 victor
carib, New Zealand RE down 20% from 2022
//
people are leaving NZ..
even the former PM, Jacinda something, recently moved to australia. |
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05-26-26 savo
The breakdown of the latest official debt totals for each country is as follows:
United States: 39 tr
japan 9.3tr
UK 4.1 tr
France 3.9 tr
Italy 3.5 tr
Germany 3.3 tr
Spain 2 tr
Total 65.1 tr
unpayable and already most of these countries taxing citizens at confiscatory levels..
...meanwhile Wall Street at party levels.
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05-26-26 carib
| New Zealand RE down 20% from 2022.. (for those seeking "down under") |
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05-26-26 carib
Panas: live not far from a busy international airport...
and keep assets in different safe jurisdictions.. |
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05-26-26 panasonic
Coming from a country where people voted to expropriate everything even if meant eating from trash bins, I'm in Savo's camp on this one.
"Cuando ves las barbas de tu vecino arder, pon las tuyas en remojo." |
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05-26-26 panasonic
Hann, yes SFO became ultra expensive, but my son goes there frequently and always tells me Miami even more expensive,
i.e.: same price on food but quality in Miami way inferior.
Rent-wise, Miami continues to be the most expensive city when you compare to salaries, still the big advantage is that FL does not tax income as CA. |
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05-26-26 panasonic
MICRON TECHNOLOGY IN
SOXL breaking all highs, can't play them all, doing 3x on the index meantime. |
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05-26-26 carib
| PS: we are mobile, which is vital.. |
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05-26-26 carib
Savo: I guess.. we own our houses, so no mortgage debt.
we have capital far in excess of our life expectancy.
We are not yet suffering from dementia.
Ergo.. we are quite safe. |
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05-26-26 spal
MU
MICRON TECHNOLOGY IN
905.075 (+20.52%)
And God said, “Let there be AI,” and there was AI. |
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05-26-26 spal
| In other words Savo - it is just more BS to deal with. I am not worried. But that is me. |
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05-26-26 spal
| 'When the lambs is lost in the mountain, he said. They is cry. Sometime come the mother. Sometime the wolf.' |
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05-26-26 savo
good for your sons in law... but what about us senior retired colores?
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05-26-26 spal
| Another son is a dark web researcher - specializing in stolen data and penetration testing. Best defense is offense. |
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05-26-26 spal
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05-26-26 spal
| Savo ... I am sending my agents in ... one son in law just started at SpaceX ... best to be on the inside. |
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05-26-26 savo
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05-26-26 savo
| spal.. we are we going to hide ?? |
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05-26-26 spal
| The Skynet funding bill is passed. The system goes online... Human decisions are removed from strategic defense. Skynet begins to learn at a geometric rate. It becomes self-aware at 2:14 a.m. Eastern time." — The Terminator |
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05-26-26 spal
| Adding ONDS and RKLB ... because ... why not |
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05-26-26 carib
| tech stocks in very good mood today.. |
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05-26-26 spal
MU
MICRON TECHNOLOGY IN
877.71
(+16.87%)
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05-26-26 leopardo
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05-26-26 pillz
https://cdn-static.bizzabo.com/bizzabo-media-files/assets/accountId139477/eventId733981/sessionId1773459/wKXfuUS0T8yMDQN7TVZg_D1_S8_Panel_%20How%20to%20sell%20in%20a%20turbulent%20world_V1.mp4
Panel: How to sell in a turbulent world |
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05-26-26 carib
| Leo: I hope you mean.. something else to compensate the haircut... |
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05-26-26 spal
| MU continues to explode up |
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05-26-26 leopardo
| There will be a substancial debt relief and that is fine with me, as long as we receive something in exchange... |
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05-26-26 Merlino
| ...un aspecto clave de la propuesta de Centerview era lograr la reestructuración lo más rápido posible para reintegrar a Venezuela a la economía mundial, según fuentes cercanas al asunto. |
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05-26-26 carib
| https://www.wsj.com/world/americas/the-socialist-banker-venezuela-hired-to-fix-its-finances-and-bring-back-investors-e82c777b |
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05-26-26 carib
| https://thedialogue.org/expert/jessica-bedoya |
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05-26-26 carib
| https://albertonews.com/nacionales/wapo-el-virrey-no-oficial-de-trump-en-venezuela-influye-en-la-politica-estadounidense-lo-que-suscita-inquietudes-en-materia-de-control/ |
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05-26-26 hann
05-25-26 panasonic
Is it true japanese are feeling inflation?
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I only really know a couple of locals. One is the kid of the dude who set up the first Toyota plants in the US. The other is that artist. Not the types who would feel it. But I watched many youtube salarymen complain about higher prices. National policy now is to increase salaries. So I'd say yes feeling the pinch.
Still it's very affordable especially quality adjusted. Best ramen - $10 for fresh noodles, excellent pork, dried bamboo shoot, jp egg, sea weed, homemade broth. For grilling, frozen large hokkaido scallops on half shell are 1500 jpy for 10. Vegetables are cheap and superb. Can't even say that wagyu or decent sushi restos are that expensive. Perhaps melons and white peaches are pricey.
On YT people say rent, due to open zoning policies, can be reasonable even in Tokyo.
There's always conbini (convenience stores) which have very decent onigiri, egg sandwiches, etc. I'd say from precovid days, wafer ice cream which used to be 110jpy now 160.
Interesting to spend time there. In tokyo, salarymen only have $300/month wife allowance on $100k gross comp. Bars are super cheap in Shimbashi (salaryman area). 1/3 of Akasaka tokyo (govt area).
OTOH, people feel imnmense squeeze in SF bay area and barcelona. SF is the most expensive place - Arsicault croissants at $5-8 ++ for one and ferry building sourdough loaf at ... $17. SFO low income level is at $120k.
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