05-27-26 carib
IMHO main US problem in this matter.. is unhealthy food.
I think the USA is the top large country for number of "poor" people who are overweight. |
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05-27-26 victor
New Fed report warns of ‘remarkable’ increase in households skipping meals due to food costs
There’s been a “remarkable” increase over the past few years in Americans struggling to put food on the table, and that’s likely contributing to record-low consumer sentiment readings, new Federal Reserve Bank of New York research showed Wednesday.
The New York Fed updated a 2020 analysis on the disproportionate financial effects of the pandemic with newly collected data from its closely watched Survey of Consumer Expectations.
Researchers found that a greater share of Americans have become more “food insecure” than they were in May and June of 2020 and are dipping into savings to cover expenses, struggling to access food, have kids who missed meals, or are receiving food donations or federal nutrition assistance.
“We find a remarkable increase in food insecurity, particularly among lower-educated and lower-income households and households with young children,” New York Fed researchers wrote Wednesday.
Those same groups also reported increases in pessimism regarding their financial well-being.
While not necessarily causal, the association between rising food insecurity and increased pessimism points to a potential explanation as to why US consumer sentiment has been in the dumps despite economic data remaining fairly resilient, if not quite strong, researchers noted.
Income and wealth inequality have long persisted in the US, but Americans’ economic experiences and outcomes have become increasingly uneven in recent years.
This dynamic, frequently referred to as a “K-shaped” economy, is defined by a widening inequality in how lower- and higher-income Americans spend, earn and build wealth.
Those in the top half of the K have seen their household finances and wealth enriched by soaring stock prices, equity in their home and a refinancing boom that lowered mortgage payments and padded their piggy banks.
Meanwhile, those on the bottom end of the K have experienced significantly greater levels of financial stress because of the higher cost of living, the post-pandemic inflation burst and five-plus years of prices rising faster than they typically do.
“The greater financial strain due to the high cost of living, combined with the expiration of pandemic-era aid (such as expanded [Supplemental Nutrition Assistance Program] benefits), have led to renewed concerns about food insecurity among those at the bottom of the K-shape,” New York Fed researchers wrote.
In February 2026, 10% of households surveyed said they didn’t have enough food, an increase from 4% in June 2020, according to the data released Wednesday. Shares of people receiving food donations increased (to 15.8% from 10.6%) as well as SNAP (17.9% versus 10.6%), and more than one-third of respondents used their savings to cover expenses (36.8% versus 21.8%).
The New York Fed survey data was gathered before the US-Israeli strikes in the Middle East that subsequently resulted in an oil supply crunch that caused a spike in gas prices and further heightened affordability concerns.
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05-27-26 pillz
Seoul’s surge
The breathtaking rally in South Korean stocks hit a couple of key milestones overnight.
The benchmark Kospi index at one point in the session was up 100% for 2026, rivaling the Nasdaq 100 Index’s 102% surge in 1999 — right before the bubble burst.
The market value of memory-chip maker SK Hynix surged above $1 trillion for the first time as investors bet the AI boom will lead to a sustained revaluation of the industry. |
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05-27-26 Merlino
. i think this reports are created to push prices down...
...............
I agree fwiw.....I second Carib in my hope of waiting for (preliminary) actual good news soon |
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05-27-26 carib
| Savo: hope we get some good actual news next month to revive PDVsa prices.. |
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05-27-26 savo
Hann... FWIW.. i think this reports are created to push prices down...
wall street fabricates narrative... the news outlets amplifies them...(now memory chips.. last year cryptos...before whatever)..people FearOfMissingOut...they all pile in... the bubble explodes... those that sold make the bundle... the majority left holding the bag loses it all... and the next narrative comes in...
they are doing a negative narrative in veni...years to restructure... the most difficult restructuring in the history of the universe..etc... bla bla
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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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