09-15-26 victor
it was 7-2.. meaning the 3 appointed by dt voted against dt.
//
The court appeared to be divided 7-2, with two conservative justices, Clarence Thomas and Samuel Alito, dissenting. |
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09-15-26 victor
better said: dt pissed her off.
"Justice Amy Coney Barrett couldn't even hide her total contempt for Trump for 2 seconds"
https://x.com/EndWokeness/status/1897357014457835827
Mar 5, 2025 |
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09-15-26 victor
the smartest guy in the world outfoxed by amy coney b, etc
:-))
//
Republicans just got another bad decision from the United States Supreme Court, one that the Court System took forever to give, and then blamed it, in part, on no time left to implement a solution to our totally CORRUPT and out of control Mail-In voting “disaster,” which is a laughing stock all over the World, and where we are the only country that has to endure such a Nation Destroying SCAM. Justices Alito and Thomas, legends both, strongly disagreed with this horrible, highly political, ruling. It is a big loss for Republicans, and America itself, and makes cheating by the Radical Left “Dumocrats,” on Mail-In Ballots, a much easier thing to do - And now they have an open field to do so! The Supreme Court has really let our Country down! Certain Justices are petrified of these crazed and depraved Democrats, and are totally unable to show the courage necessary to save our America. Their horrible decision on Tariffs will be costing the U.S.A., for many years to come, Trillions and Trillions of Dollars. They didn’t even state, “money paid does not have to be paid back,” much to the benefit of entities that truly hate our Country, and have been RIPPING IT OFF FOR YEARS, unnecessarily costing us, immediately, Billions of Dollars. Likewise, the Supreme Court’s Decision on Birthright Citizenship is a complete and total disaster for America, and has already led to massive corruption with respect to “citizenship” in our Country. The damage done to America is incalculable, and they know this, just as everyone else does - It is an irreparable and unrecoverable harm! The Court’s inability and unwillingness to do the right thing for our Country will go down, in a very negative way, in the annals of History. This Supreme Court is bullied and cajoled by the Radical Left into making decisions that have set America back at least a hundred years. These are not the people I interviewed to serve on the United States Supreme Court, they are merely a shell of their original selves, a Court that is costing the United States Trillions of Dollars with shockingly bad rulings that are of such magnitude that it won’t be easily possible for our Country to recover or heal. It is a Court that will go down as having rendered some of the most destructive, hurtful, and damaging decisions in our Country’s history. It is not easy for me to write this criticism of the United States Supreme Court - it will likely cost me dearly for years to come - but I feel it my obligation and duty, as President, to do so for the America we love! Thank you for your attention to this very important matter. God bless the U.S.A. President DONALD J. TRUMP
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09-15-26 victor
:-))
Trump slams the Supreme Court for rejecting his push to restrict mail ballots
WASHINGTON (AP) — President Donald Trump on Tuesday went after the Supreme Court after it rejected his push to restrict mail-in voting in this year’s midterms, saying justices who opposed him were “not the people I interviewed.”
His social media missive was just the latest in a long history of Trump assailing justices, particularly those he had nominated, who ruled against him on his administration’s most prominent initiatives. The president has been publicly furious with the Supreme Court over its decisions against restricting birthright citizenship and his ability to issue tariffs unilaterally.
On mail-in voting, the Trump administration had made a last-minute push to have the U.S. Postal Service play a central role in deciding who would be able to receive a ballot. But state election officials argued there was not enough time to make the changes for the Nov. 3 midterm elections — and said their systems were already secure and accurate.
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09-15-26 spal
high-yield dividend cash cannons
===
I like the sound of these ... |
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09-15-26 spal
Phase 4: The Acute Disruption / Blow-Off Peak (Late 2026 – Current)
Characteristics: Physical market capacity breaks. Spot fixtures detonate past historic levels into $100,000 to $300,000+/day territory across Suezmax and VLCC segments. Corporate leaders issue auditable disclosures (e.g., Herbjørn Hansson's NAT press release) showing daily cash generation at 10x to 20x vessel operating costs.
Equities: Re-rating from asset-backed cyclicals to high-yield dividend cash cannons. Short-seller sweeps fail, and equity dips are immediately absorbed by institutional capital seeking physical freight exposure. |
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09-15-26 spal
Tanker market:
We are currently moving through the early transition phase from Phase 3 (Structural Super-Cycle) into Phase 4 (Extreme Disruption Blow-Off). |
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09-15-26 victor
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09-15-26 carib
Panas: Portugal likes very cumbersome procedures (the theory) but then in practice (as the brasileiros say).. the theory is a different one.
Capital gain tax on RE is 28%.. or the top tax rate on 50% of the gain, which means about 26%. But, if you "take residence" (including tax residence) in the asset you plan to sell, one year before sale, you can postpone the tax payment up to three years, and avoid the tax if you re-invest the proceeds in the purchase of another property (anywhere in the EU) where you take residence. In practice, if you are not portuguese, sell the property, postpone the tax payment, stop filing for income tax, and move to Dubai, I suppose nothing happens, because the tax bureaucrat has no idea where to find you, so either he just does nothing, or eventually classifies the duty as "incobravel".
If you are old, you can avoid the tax by investing half in a new property, and the rest in a life insurance policy. |
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09-15-26 savo
They are the ultimate central banker fuckers .
extraordinary! |
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09-15-26 spal
FRO
FRONTLINE PLC
52.72 (+4.37%)
All tankers up - tankers are the new tech for an inflationary, volatile age ... you can not print them. They are the ultimate central banker fuckers ...
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09-15-26 spal
TRMD - Brookfield (who took over the legendary Howard Mark's holdings via Oaktree) sold the rest of these holdings today onto the market as a secondary. (Marks swooped in during covid).
The secondary offering of 9,000,000 Class A common shares of TORM plc (NASDAQ: TRMD) by selling shareholder OCM Njord Holdings (Oaktree Capital Management) was priced at $32.25 per share
There is a Greenshoe Option: The underwriter (J.P. Morgan) holds a 30-day option to purchase up to an additional 1,350,000 shares.
Normally arbs will be able to hold the stock close to the secondary price.
Not today. It is $2 higher currently. The most shrewd anaylst I follow in this area is also buying.
The Tanker market remains in historic territory. |
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09-15-26 spal
The direction is unquestionably upwards for NAT.
This statement from the founder on a press release 10 minutes ago. |
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09-15-26 spal
Nordic American Tankers Ltd (NYSE: NAT) – Exceptional conditions for our vessels
08:13 AM CDT, September 15, 2026Updated 14 minutes ago, September 15, 2026 at 8:13 AM CDT
NAT
+0.39%
Tuesday, September 15, 2026
Dear Shareholders and Investors,
We are currently experiencing a market for our vessels that is extraordinary.
Below is a snapshot of some recent spot fixtures for our ships – the numbers are approximate.
Our operating costs per ship are less than $10,000 per day. The difference between the rates below and the operating costs is cash accumulation in NAT:
Fixture to Oil Major for a 31-day voyage, producing a rate of about $183,000 per day.
Fixture to Oil Trader for a 60-day voyage, giving a rate of about $200,000 per day.
Voyage to Oil Trader for a 80-day voyage. The rate is about $98,000 per day.
To Oil Major for a 65-day voyage. The Time Charter Equivalent (TCE) is about $70,000 per day.
Spot fixture to Oil Major for a 19-day voyage. The TCE is about $88,000 per day.
To Oil Major for a 77-day voyage. The TCE is USD 61,000 per day.
Spot fixture to Oil trader for a 64-day voyage. The TCE is about $60,000 per day.
NAT vessel to Oil Major for a 53-day voyage. The TCE is about $60,000 per day.
By nature, spot contracts are volatile, which is why we see short term variations.
The direction is unquestionably upwards for NAT.
For further information on Nordic American Tankers. Please see our web page www.nat.bm
Sincerely,
Herbjorn Hansson
Founder, Chairman & CEO
Nordic American Tankers Ltd. www.nat.bm
Contacts:
Bjørn Giæver, CFO
Nordic American Tankers Ltd
Tel: +1 888 755 8391
Alexander Kihle, Finance Manager
Nordic American Tankers Ltd
Tel: +47 91 724 171
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09-15-26 panasonic
| Carib, talking is over imho, now he pleads guilty, meaning deal worked for all parts. |
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09-15-26 panasonic
| Carib, good news as profits in RE are in porno territory. |
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09-15-26 carib
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09-15-26 carib
Panas: if the buyer takes residence, and declares the property "primary residence", capital gain on resale is exempt if used to buy another property within the EU in the next two years, or used to capitalise life insurance policy (after a certain age).
If buyer is foreigner, sells and leaves EU for good, I guess in practice nothing happens. |
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09-15-26 panasonic
"Panas are you advising ..."
Saab's story has some interesting aspects; he is kept in Cabo Verde for months, taken to USA with a pre-arranged deal.
Later exchanged for a number of prisoners in Veni (Fat Leonard included).
He stays near Maduro till he is taken out, and few days later after Maduro was extracted Saab shipped back to US authorities...was all part of the initial deal? |
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09-15-26 panasonic
| Carib, local...property bought in Portugal. |
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09-15-26 carib
| Panas: local or international RE? |
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09-15-26 victor
leo, license 52c was posted. nothing related to bonds.
//
@grok y sobre el pago de deudas anteriores de PDVSA?
@grok
La Licencia General 52C de OFAC no autoriza transacciones relacionadas con bonos o deudas de PDVSA y sus subsidiarias, incluyendo el pago o liquidación de deudas anteriores. Esas operaciones siguen prohibidas bajo las Órdenes Ejecutivas 13808 y otras. |
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09-15-26 leopardo
| Nothing really new Victor...Centerview link to Vnz debt restructuring still not working, probably the content of the link will be updated and substantially change someway... |
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09-15-26 victor
carib, OFAC updating sanctions on PDVsa/CITGO, today.
details?? |
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09-15-26 spal
Schpal is it not time to sell the tankers ??
===
Pilly - my strong suit is timing entry - for selling I generally just trail stops.
I think tightness will continue and some extraordinary results will be reported, but you are right that this is cyclical and a more fragile investment at these levels. |
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09-15-26 spal
Saab to plead guilty, best way to get reduced sentence and fast pass to house arrest.
===
Panas are you advising ...
;)) |
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09-14-26 panasonic
| Carib, and gains on RE investments? |
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09-14-26 carib
| OFAC updating sanctions on PDVsa/CITGO, today. |
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09-14-26 carib
| Panas: 0 tax on foreign source income, including cap gains (but excluding pensions and direct income from tax havens), 20% tax on local source professional income.For managers of big corps, university professors, or directors of start-ups. |
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09-14-26 panasonic
Saab to plead guilty, best way to get reduced sentence and fast pass to house arrest.
https://apnews.com/article/maduro-
alex-saab-guilty-plea-ac402258f242b2cc6f43684be3680713 |
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09-14-26 panasonic
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09-14-26 carib
With square meter prices surpassing €25,000 and projects signed by renowned designers, the Cascais and Estoril region is setting new records in the European market
No shortage of Brasileiros with money seeking security and low taxation.. |
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09-14-26 carib
| Panas: but, if they actually make the IFICI+ tax solution actually work, prices might well keep moving up. |
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09-14-26 panasonic
Carib, yes.
Portugal became a mystery agree, my take is that houses are following same dynamics as Dutch tulips, last ones to arrive will get burned. |
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09-14-26 carib
| Panas: for example Miami and Palm Beach for people comming from NY and even Connecticut. Portugal in becoming a mystery for me, because prime prices are now outlandish.. but still moving up |
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09-14-26 pillz
Oil Tankers Earn $1 Million a Day as War Leaves Ship Shortage
//
Schpal is it not time to sell the tankers ?? |
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09-14-26 panasonic
"should not RE prices fall"
I think prices are falling in many middle-class areas, in affluent areas deals are cash.
Migration from tax hells to tax friendly also a factor. |
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09-14-26 pillz
Oil Tankers Earn $1 Million a Day as War Leaves Ship Shortage
https://www.bloomberg.com/news/articles/2026-09-14/oil-tankers-earn-1-million-a-day-as-war-leaves-ship-shortage?srnd=homepage-europe |
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09-14-26 carib
| Panas: that is a clever observation indeed. But, ancillary question.. if very few can now buy, should not RE prices fall? |
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09-14-26 panasonic
Carib, that is not the scenario that generates extra money to spend.
I'm thinking of those having a house with 3% mortgage ready to upgrade for a bigger one, they can't at current rates so they spend in stuff, adding pressure on inflation.
People without a house are "victims" of it, don't think they are a significant source of inflation. |
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09-14-26 carib
| "For Iran, this is a chess game. They plan what comes next. They don't push all their buttons at the same time out of panic," |
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09-14-26 carib
| Panas: but, if you do not buy RE.. you rent.. and your money goes to the landlord, rather than the bank. In either case, little left for other spending, I guess.. |
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09-14-26 panasonic
"mortgage is the way up the property ladder"
...and a vehicle to save money, my initial point was that high rates make middle class spend in other stuff, and probably cause of why inflation won't abate any time soon. |
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09-14-26 spal
| Yes of course - not forgetting that I deduct a portion of the building's value against my taxes and in your case if it went up 30% and you borrowed 80% of the original investment your return on equity would have been 150%. So - this is what the borrowing is for in a calculated, risk taking sense. |
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09-14-26 carib
| Saudi Crown Prince Mohammed bin Salman discussed regional developments with US Central Command chief Admiral Brad Cooper in Jeddah on Monday, Saudi state media said, amid escalating hostilities with Yemen's Iran-aligned Houthis. |
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09-14-26 carib
Spal: actually, the rate went lower from 1,52% to 1% a few years later.. but in the meantime the RE values went up 30%..
What I mainly look at.. is the ratio between mortgage cost and renting cost. |
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09-14-26 carib
Panas: for people short of assets.. mortgage is the way up the property ladder, I guess.
For people with money.. you mortgage when the after tax cost is lower than your return on financial assets, I guess again.
When rear rates are low.. I prefer to issue bonds.
When they are high.. I am a buyer of bonds..
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09-14-26 spal
I only signed for a mortgage once in my life, 1,52% fixed rate.
===
Such is the life of a Carib ... aka a "royal" colore. |
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09-14-26 spal
prices should come down.. or new construction slow..
Yes it happens, note that clever builders roll financial incentives into the price, so it is a melange rather than 2 separate considerations.
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09-14-26 spal
| roll in October at 6.5% - |
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09-14-26 spal
But buying a new place at 7+% would not be a good idea, IMHO. Either buy cash.. or rent, IMHO
===
More difficult, but it can be done - I did one this year with 6.35% borrowed funds - would have been ok. Half of my property loans roll in April at 6.5% - rents have outstripped this. Timing does matter, location still matters more.
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09-14-26 spal
US has a divine right to spend what the country did not earn.
===
No quite divine, but a prerogative called the Triffen Dillema. |
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09-14-26 spal
Why are all those loses not being recognised?
====
It is called Hold to Maturity accounting. Without this many banks are instantly insolvent. |
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09-14-26 panasonic
Savo, so banks re-sell their mortgages and make a profit on the spread.
Many MBS buyers cover by shorting USTs.
When rates are going up, any home sold translates in a nice profit bcz MBS holder collects at par something that trades way under par.
Same applies to me as bondholder, I lock a rate, if rates go up the value of my bonds go down, if done properly helps me reduce my tax bill. |
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09-14-26 panasonic
Carib, indeed...that is how it works.
But usually, people in 40% bracket don't need a 7% mortgage (unless money is used to produce say 15% annual returns). |
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09-14-26 panasonic
"Sweden the centre did quite well"
Any Immigration policy changes or more of the same? |
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09-14-26 carib
PS: Actually, I checked current US mortgage (30Y) rates. surprisingly, you can still find below 7%.
Tax plays a role, if I am not mistaken. If you pay 40% income tax rate, and you can deduct mortgage interest in full, the actual net cost is just under 4%, close to inflation rate. But if you rent I guess you cannot deduct that, unless you are a company and use the house as an office.
But if you pay very low income tax rate... then I guess there is little you can deduct.. |
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09-14-26 carib
I only signed for a mortgage once in my life, 1,52% fixed rate.
I did not need the money, but thought the rate was a steal.
Old italians do not naturally seek mortgages: in the lira time interest rates were too high.. and people saved. They bought cash.
I agree the RE/mortgage thing is the key to have a stable centre.
My american daughter took a 3% 30Y mortgage, fixed.Now if she rents out that house the income would service the debt, and leave some tangible profit.
But buying a new place at 7+% would not be a good idea, IMHO. Either buy cash.. or rent, IMHO
If very few in the lower middle class can now afford a mortgage.. prices should come down.. or new construction slow..
SPAL would be the resident expert.. |
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09-14-26 carib
| Panas: actually, in Sweden the centre did quite well.. both my Liberal friends and the Centre party.. |
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09-14-26 savo
Do they think the world owes them a 3.5% 30 year mortgage
and why do US politicians believe the US has a divine right to spend what the country did not earn... borrow what it did not save... consume what it did not produce... run the biggest budget deficits in history... the biggest trade deficit in history (despite tariffs).. refinance the most humongous debt at negative rates ... under-report inflation...etc... |
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09-14-26 savo
pana... has a mortgage locked at 3%
what about the other side of the coin?
whose balance sheets are hiding all those 3% and lower mortgages at original value and not at market value?
Why are all those loses not being recognised?
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09-14-26 spal
Egypt is suffering the most acute state-level revenue destruction.
The $10B Revenue Drain: Egypt relies on the Suez Canal as its primary source of foreign hard currency. President Abdel Fattah el-Sisi confirmed that Suez Canal receipts plummeted by over $9–10 billion as commercial container fleets diverted around Africa.
The Currency & Energy Double-Whammy: To keep domestic power plants running, Egypt was forced to buy high-priced liquefied natural gas (LNG) and refined fuel on the spot market while its foreign currency inflows vanished. This has triggered severe Egyptian Pound devaluations, forced rollbacks on domestic bread/fuel subsidies, and pushed the country to the brink of sovereign debt default. |
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09-14-26 spal
| Do they think the world owes them a 3.5% 30 year mortgage or somehow not realize that this was a magic trick and has to be paid for. Oh well. |
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09-14-26 spal
| Yes ... interest rate gets to 7% and people are losing their minds. No sympathy. |
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09-14-26 pillz
| I bought my first apartment with an 7.75% fixed rate mortgage 50 years ago .. |
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09-14-26 spal
| I bought my first house with an 11% floating rate mortgage. Suck it up people. |
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09-14-26 spal
| Companies like TORM (TRMD), Scorpio (STNG), and Hafnia (HAFN) operate massive product tanker fleets (MRs and LR2s). Product tankers see their ton-mile rates expand much faster than crude carriers during a Red Sea diversion because Europe suffers immediate, localized refined product deficits. |
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