Jimi Posted November 24, 2022 Report Share Posted November 24, 2022 4 hours ago, Jorma said: The silence from the Coin Guy bodes poorly for his possible survival so there is probably an empty chair in Nebraska I guess. No, man. He’s sailing waves. He’s living his best life, right now. He’s laughing & smiling. He’s happy for himself & he’s happy for all of us. He’s grateful, because it’s Thanksgiving. This, I believe. Link to comment Share on other sites More sharing options...
Jimi Posted November 24, 2022 Report Share Posted November 24, 2022 Happy Thanksgiving! Little known anecdote about the Pilgrims: they were all stoners of the first order. Thought they were sailing to Ireland on a hemp run... ended up instead in North America. Last night's listing was on a road called "Covelo" - it is the second pot farm I've found on that road. The two properties are separated by about 9 minutes' drive. It makes sense to me that you'd see some tight grouping of farms: before legalization, I suspect/may-have-heard-told there were "communities" of growers who knew one another, trusted one another, looked out for one another, and really didn't welcome outsiders. Additionally, once you master a strain in an ecosystem, there are advantages to expanding that strain's planting nearby. Lastly, I imagine that post-legalization, a bunch of these communities secured licenses and shifted into a less paranoid situation. Somewhere north of here in the town of "Bridgeville" (of which I've never heard), there is a place called "Larabee Valley." I imagine this place was - and may still be - such a community. Up there, you can get 51 gorgeous California acres, a beautiful cabin/home that was built in 2012, outbuildings, timber, meadows, and... of course, a "Cannabis license/permit" for $699K, which is the September 2022 "relisting" asking after a May 2022 "relisting." This listing is interesting, because Photos #3-7 show the characteristic "rounds," however, in apparent full bloom. I count 50 (5 X 10) in an orderly stand-apart situation, and then maybe another 50 rounds tucked in around the greenhouse. There is also, then, the greenhouse - I'd guess that's where young clones are encouraged before transplanting to the rounds... but I don't really know. Perhaps, instead, it's a separate production line relying on a strain better adapted to greenhouses? Those photos really bring home how very large pot plants become when in a happy locale & properly attended: the marriage between strain & ecosystem, overseen by an attentive farmer. https://www.redfin.com/CA/Unknown/51-Larabee-Valley-Rd-95526/home/179239890 And then, from the listing, there is this: "Can be sold with neighboring property. They go very well together." "very well together"? Like strain & ecosystem? And so we find nearby on Larabee Valley Road, a second place, with a similar "May 2022/September 2022" history, asking $599K for 147 gorgeous Californian acres. And it, too, is a pot farm: "15,000 sq. ft. Cannabis license/permit. There is a 140,000 gallons of water storage, cold framed greenhouses, 20x40 processing building." https://www.redfin.com/CA/Unknown/147-Larabee-Valley-Rd-95526/home/179241523 Would love to see the books on these places. I have no handle on what one nets from, say, the first property and its ~100 rounds & greenhouse. The second property seems of a far-larger commercial scale: what has it historically generated as yield & net income? What are the underlying economics of these sort of pot farms? I mean, superficially on the first listing, 100 rounds = 100 lbs = $50K gross if you assume $500/lb. But it would be better to know non-superficial real numbers. It's on my list of research tasks. Link to comment Share on other sites More sharing options...
DrStool Posted November 24, 2022 Author Report Share Posted November 24, 2022 Whoa. EUR/USD popped above 1.04. Didn't realize it was this high on the 15th. Could be a double top. Hope so. Link to comment Share on other sites More sharing options...
SiP Posted November 24, 2022 Report Share Posted November 24, 2022 The "buy the close, sell the open" strategy is now up nearly 1100% since 1993, while the "buy the open, sell the close" strategy" is still negative. This shows investors and traders are rewarded for carrying overnight risk. Link to comment Share on other sites More sharing options...
DrStool Posted November 24, 2022 Author Report Share Posted November 24, 2022 What about short the open, buy the clothes. BTW, the Chinese guy at Hala Mirowska is my clothier. Seriously. Love the navy blue thin cotton T-shirts for 10 zlotich. ($2.20) Link to comment Share on other sites More sharing options...
sandy beach Posted November 24, 2022 Report Share Posted November 24, 2022 Sounds like the non-bank financial intermediary (NBFI) sector is about to get collar and chain. Hedge Funds not going to be happy. https://www.bis.org/publ/bcbs_nl31.htm Link to comment Share on other sites More sharing options...
sandy beach Posted November 24, 2022 Report Share Posted November 24, 2022 How many assets can Credit Suisse flip of their balance sheet by Q1 2023? Link to comment Share on other sites More sharing options...
fxfox Posted November 24, 2022 Report Share Posted November 24, 2022 1 hour ago, sandy beach said: How many assets can Credit Suisse flip of their balance sheet by Q1 2023? Guess the SNB soon gotta make a new drawing 😉 https://www.newyorkfed.org/markets/desk-operations/central-bank-liquidity-swap-operations Link to comment Share on other sites More sharing options...
fxfox Posted November 24, 2022 Report Share Posted November 24, 2022 Animal spirits never die 😇 https://www.swissinfo.ch/eng/swiss-banks-stop-using-fed-s-dollar-swap-facility-to-make-profit/48008576 Link to comment Share on other sites More sharing options...
sandy beach Posted November 24, 2022 Report Share Posted November 24, 2022 12 minutes ago, fxfox said: Animal spirits never die 😇 https://www.swissinfo.ch/eng/swiss-banks-stop-using-fed-s-dollar-swap-facility-to-make-profit/48008576 Got caught with the hand in the cookie jar! Link to comment Share on other sites More sharing options...
fxfox Posted November 24, 2022 Report Share Posted November 24, 2022 3 minutes ago, sandy beach said: Got caught with the hand in the cookie jar! 😂 Link to comment Share on other sites More sharing options...
DrStool Posted November 24, 2022 Author Report Share Posted November 24, 2022 CS is the tip of the iceberg. https://liquiditytrader.com/index.php/2022/11/12/bond-market-rally-is-technically-valid-but-belies-the-facts/ Link to comment Share on other sites More sharing options...
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