05-14-26 leopardo
It depends on what they give us in exchange Carib….
Pdvsa Stocks listed in NY? Fine with me… |
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05-13-26 carib
| ..alivio substancial de la deuda... |
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05-13-26 savo
| happy to see a restructuring launched before the evil psycho and her most evil advisor take over the country. |
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05-13-26 leopardo
Let’s hope for the best….
I’m optimistic but we cannot rule out anything good or bad
as it May be.
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05-13-26 carib
| Leo: we have no details yet. |
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05-13-26 leopardo
Hopefully Good News Carib!!!
Of course devil is in the details…
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05-13-26 panasonic
| Vic, you would be surprised :-))) |
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05-13-26 carib
-- The Venezuelan government announced the start of a “comprehensive and orderly” restructuring process for its sovereign debt and that of state-oil company PDVSA.
“This decision has a central goal: put the economy at the service of the Venezuelan people and release the country from the burden of accumulated debt,” the Vice-Presidency of Economy said in a statement shared on X Wednesday.
The statement doesn’t have any further details on the process.
The oil-rich nation owes about a $100 billion in bonds, including accrued interests, which have been in default since 2017. The total debt, including bilateral and commercial loans, is estimated at $170 billion. |
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05-13-26 victor
spal, "investors" and "people with investments"
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in this specific case, i would say both groups have been suckered in by cathie.
she is an excellent saleswoman, able to sell ice to eskimos.
so people fall for her BS, over and over again. |
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05-13-26 spal
investors are supposedly knowledgeable people.
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I'd say simply that there is a difference between "investors" and "people with investments". The former being a considerably smaller category and with much less overlap with Cathie Wood than the latter. |
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05-13-26 victor
| pana, hard for me to comprehend that people with money don't understand the concept of "losing money" :-)) |
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05-13-26 panasonic
So what to expect from DTs visit to China? Should be a productive meeting and they will draw roadmap that benefits both.
EU couldn't care less on who dominates the world, so irrelevant to them. |
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05-13-26 panasonic
| Vic, money managers are rewarded with nice commissions and their clients are not that knowledgeable. |
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05-13-26 victor
savo, spal
"ARK Investment Management has been one of the most profitable asset managers of the last decade."
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why do investors keep giving ARK money, in spite of losing so much?
investors are supposedly knowledgeable people. |
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05-13-26 savo
Cathy Wood... making herself rich while making her investors lose.
Cathie Wood might be the most expensive lesson retail investors have ever paid for.
Her flagship ARK Innovation ETF is down 23% in the last 5 years.
The S&P 500 is up 77% over the same period.
She has underperformed the index by 100 percentage points.
And she has done it while collecting BILLIONS in management fees.
A quick reminder of the highlight reel:
– She predicted Tesla would hit $3,000 per share by 2025. It is currently $432.
– She predicted Tesla revenue would hit $234 to $367 billion in 2025. The actual number came in under $100 billion.
– She made Teladoc her single largest position around $80 per share. It trades at $7 today.
– She loaded up on Zoom near $300. It trades at $110.
– She dumped almost her entire Nvidia position in January 2023 around $20 per share. Nvidia is now at $220, which means she sold the single greatest stock of this generation right before it 10x’d.
Morningstar officially labeled the ARK family of funds a “value destroyer,” noting that her funds lost roughly $14 billion in shareholder value from 2014 to 2024.
But here’s the part nobody talks about:
ARK Investment Management has been one of the most profitable asset managers of the last decade.
https://x.com/intheassembly/status/2054519444030837053 |
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05-13-26 spal
From what I see in Paris right now things seem alright … admittedly it is the 8th Arrondissement
;)) |
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05-13-26 spal
| CU price strong and strengthening |
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05-13-26 savo
spal.. you are right... the world did not end... it just got more complicated...more violent...
and at the risk of sounding racist... the ethnicity of europe is becoming less and less european... thant will have consequences ... in many fronts.
Add to that the crazy gender agenda... |
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05-13-26 spal
For the full year 2026, TCE earnings are now expected to exceed the previous guidance and are now estimated to be USD 1,150-1,450m (previous guidance USD 850-1,250m),
EBITDA for the full year 2026 is expected to be in the range of USD 800-1,100m (previous guidance USD 500-900m) based on the current fleet size.
TORM (TRMD) hits the ball out of the park.
The conflict involving the US, Israel, and Iran, and the subsequent closure of the Strait of Hormuz, materially altered market conditions as the loss of Middle Eastern exports prompted a rapid shift toward replacement barrels from the US, supporting tanker demand and freight rates.
Yes ... they have.
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05-13-26 spal
Savo - the spending and the deficits is not of course unique and more to do with the default to planning and social engineering that politicians of all stripes in lates stage capitalism tend to adopt. It is also due, I think, to the liberalism that is common with wealthier states. They spend more on social issues and this becomes self reinforcing. No-one wants to cut entitlements until they see a crisis.
It is interesting that the crisis is so shallowly defined - I see you mention higher rates, but in all honesty they are not that high. High enough though to make deficit reduction impossible.
Nonetheless in the US the next step is to keep the debt short, to push more of it into the Treasury and into the Banks.
This can be managed through 2030 ish but we will still get people calling for the end of the world at any moment.
The fact is that it never actually ends, but then people have less to talk about.
Bonds |
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