The Market Ticker
Rss Icon RSS available
Fact: There is no immunity or protection against The Law of Scoreboards.
Did you know: What the media does NOT want you to read is at https://market-ticker.org/nad.
You are not signed on; if you are a visitor please register for a free account!
Comments on I Am The Money God (And So Are You)
User: Not logged on
Top Forum Top Login FAQ Register Clear Cookie
Showing Page 6 of 6  First23456Last
User Info I Am The Money God (And So Are You) in forum [Market-Ticker-Nad]
Quantum
Posts: 251
Incept: 2021-05-18

Report This As A Bad Post Add To Your Ignored User List
@Blairkiel

Quote:
54 degrees. Get bent Ha


Me, too, although that's below my targeted range by a good bit. I have just a wood stove for heat, plus a couple of space heaters. My house can sometimes get into the low 50s, and upper 50s/low 60s is not at all uncommon. If I'm away from the house all day and not able to fire it up at the same time it is unusually cold outside, the inside temp can dip into the upper 40s--but that is rare (and unwelcome).

For summers, I don't have central AC, just a little portable unit rated for much less than my house size. Indoor temps are routinely in the mid-80s during the summer (albeit with controlled humidity, which is the main assist provided by the AC).

Relevant to the money god concept, this rather low-level living arrangement is what gives me the ability to walk away if my request for accommodation is denied. I could be living in a 2700 sq. ft house with a huge mortgage and a BMW SUV. If I was (and if I was five years younger), my situation would be much more perilous than it is.
Jwm_in_sb
Posts: 3585
Incept: 2009-04-16

California Desert
Report This As A Bad Post Add To Your Ignored User List
So if Intel is doing that, then what is Gary Kelly's excuse for South West airlines? Is an EO, not a law passed by Congress.
Thegreatunwashed
Posts: 62
Incept: 2021-09-13

Report This As A Bad Post Add To Your Ignored User List
Nedpuddleman said:
Quote:
This is the kind of idiot we are up against.


Not for too long, I think. Based on the numbers coming out is Israel and the UK, a bad head cold could sent that lunatic to his grave.
Tonythetiger
Posts: 365
Incept: 2019-01-27

Fort Walton
Report This As A Bad Post Add To Your Ignored User List

Boredfree wrote..
You are not free if you owe the man.

THIS!!

I just received the mortgage for my residence with the red "Paid" stamp on the front. I'd been stringing it along since the interest rate was so low and I could generate more income investing than it cost me in interest. But the looming potential for loss of employment made me cash in some of my capital gains to pay it off and be completely debt free.

I also have enough cash in the bank to go a full year without any income, if I have to. Sometimes Defense is the best Offense. Time to hunker down and be ready to scoop up some bargains.

As our genial host likes to remind us on occasion:

F the Man! (sideways with a rusty chainsaw)


----------
Those who expect to reap the blessings of freedom, must, like men, undergo the fatigues of supporting it.
― Thomas Paine
Keenan
Posts: 472
Incept: 2013-01-11

Western PA
Report This As A Bad Post Add To Your Ignored User List
@Blairkeil: As Friedrich Nietsche wrote: "What does not destroy me makes me stronger"

Check out Wim Hof: https://www.youtube.com/watch?v=8cvhwquP....
Maddmaxx
Posts: 354
Incept: 2021-05-31

Report This As A Bad Post Add To Your Ignored User List
I'd really like to see something akin to the WallStreetBets evolve to create targeted boycotts of offending businesses. In fact, I can absolutely see something like that springing up if/when the worm turns.

In the nearer term, there was talk of BLM mobilizing against the mandates and I'd absolutely love to see that. Not only for the sheer power that it could bring but it'd explode some heads in the "woke" group who were so ready to embrace BLM last summer. Probably wishful thinking.
Maddmaxx
Posts: 354
Incept: 2021-05-31

Report This As A Bad Post Add To Your Ignored User List
@Keenan I've been meaning to try using the Wim Hof Method to start improving my immune system. Not sure about the ice baths, but hopefully I can tolerate some regular (short) cold showers and utilize the breathing exercises.
Tonythetiger
Posts: 365
Incept: 2019-01-27

Fort Walton
Report This As A Bad Post Add To Your Ignored User List

@Mannfm11 You are far too generous to your restaurant owner. I can give you a better idea of where such a place winds up, based on personal experience.

The restaurant I was a minor partner in sat 175, open from 11 am - 10 pm, bar food, pizza, etc., beer & wine. Open 7 days, except for a holiday or two (and maybe for hurricanes that got close enough).

Daily average was 150 - 200 customers with roughly a $15 - $20 average ticket.

Call it $3,000 in daily sales. Our annual net was $100,000 - $125,000. Margin was under 10% usually, though close to that mark sometimes. We were actually fortunate in that our landlord was very accommodating. Our rent for 4,200 sq ft was under $100 per day, far below average costs in this area.

Lose 15 customers a day at that size and your head goes under in very short order. For those playing along at home, 15 customers a day is 2 tables at lunch and two tables at dinner. During a busy meal rush you'd hardly notice they were missing, unless you're paying close attention.

If you run a place like this, you better be hiring front of the house staff that know how to make the customers welcome and feel like 'part of the family'. Employees like that, who greet your customers like old friends, are worth their weight in gold. You'd have to be a full fledged idiot to treat them poorly as a boss.

Hell, I even told one customer that he was 'Fired' for berating one of my best servers. It was a tough call, but losing one customer was going to cost a lot less than losing the server everyone came to see a couple times a week.

I wasn't having it, and told him to grab his **** and get out before I called the cops to 'help' him on his way. As you might imagine, the initial look on his face was priceless. Shortly after he got kinda angry and carried on a bit, but he left. A month or two later he was back eating lunch again. I waved at him like nothing ever happend and he managed to behave himself after that.

Anyone out there crazy enough to consider owning a restaurant, don't do it unless you grew up in the business. It can be rewarding as hell sometimes, but it's a constant battle on multiple fronts to keep things from veering out of control. Think walking a tightrope blindfolded between two tall buildings while trying to juggle a feather, a bowling ball, and a running chainsaw. (That's the 'Good' days.)

On the 'Bad' days, you get a call half an hour before you open for lunch, from the line cook that's supposed to be working, asking if you could come bail him out of county jail and give him a ride to work. Really.




----------
Those who expect to reap the blessings of freedom, must, like men, undergo the fatigues of supporting it.
― Thomas Paine
Someothersteve
Posts: 8
Incept: 2021-09-19

Penn's Woods
Report This As A Bad Post Add To Your Ignored User List
@Tickerguy Funny that you mention cruise lines. I recently got an e-mail from Carnival wanting me to attest my jab status. One of the links in the e-mail was to this page (try not to blow a gasket while reading it):

https://www.carnival.com/legal/covid-19-....

I contacted my mother about this (she organizes the cruises for our family) and her response was along the lines of "We might not ever cruise again. Oh well...plenty to see in the US." She's a Platinum member and my three siblings and I are all Gold well on our way to Platinum. Take a random guess how many of us have gotten the jab.

Alas, I wonder how many others will cave so they can go on cruises. As far as I'm concerned, until Carnival stops this idiocy, they can go play Russian Roulette with an M134.

----------
(Insert witty signature here)
Boredfree
Posts: 29
Incept: 2021-09-15

western slope colorado
Online
Report This As A Bad Post Add To Your Ignored User List
After working around the restuarant business for many years I came to the conclusion that there are only two reasons to open such a business:

For a few with deep pockets, it's to party while you lose money you're writing off

Or it's a way to launder money from an off-the-books business.

The people who try to run a restaurant legally are real hustlers, and I've seen few go longer than two years before the hours and stress drive them out of business.

The younger me realized hospitality work is too fickle to make a real career there. I've known several professional servers who've made a good life waiting tables, but far more who used their money to pay bar bills and drug dealers.


----------
The problem is most people want to point a finger rather than their thumb when dealing with challenges.
Wayiwalk
Posts: 245
Incept: 2016-11-09

New Yersey
Report This As A Bad Post Add To Your Ignored User List
Nedpuddleman....that is hilarious.

----------
The Lockdowns Will Continue Until the Morale Improves!

I keep thinking, "it can't get any worse" and then it does!
Sraven
Posts: 12
Incept: 2010-07-29

Dallas
Report This As A Bad Post Add To Your Ignored User List
I expect I will get 20 lashes from KD for saying this so I will start out by saying that there has been very little I have disagreed with him about.

This is 1/2 of those.

I say 1/2 because I half agree that consumers and employees have some leverage especially with smaller businesses.

However, the new economics of Magical Monetary Theory which allows the government to print/produce/create any amount of money they desire and to distribute that money to anyone in any amount.

This largely negates our leverage as consumers and employees.

But more important, it insulates the government, banks, financial institutions (like insurance companies, investment firms, and banks), and monolithic corporations from the consequences of negative rules, regulations, policies and management decisions.

We saw this last year when the government created a recession by declaring certain employees and businesses non essential, telling people to stay home from work, don't pay rent and mortgage, banning evictions, and then sending the population free money.

The educated individual with a modest knowledge of economics would have know that home prices would decline, foreclosures would have been rampant and purchase of another home could be made for pennies on the dollar. Used cars would have cheap, cheap cheap. We know that didn't happen because Magic Monetary Theory.

However, that does not change the fact that opportunities are still available if you are deleveraged. I had two homes that were debt free so I sold both at favorable market prices and bought another in a much lower cost area and in the year I have had it, it has appreciated 25%.
Tickerguy
Posts: 177856
Incept: 2007-06-26
A True American Patriot!
Report This As A Bad Post Add To Your Ignored User List
No it doesn't.

You just destroyed your own argument.

You're in fact arguing that if you drink yourself halfway to death then the health consequences make it impossible to do <X> and therefore that's "wrong" in some way, in that <X> becomes unavailable.

Except... you did it voluntarily, exactly as did everyone who levered themselves.

----------
I don't give a flying **** if you're offended.
Sraven
Posts: 12
Incept: 2010-07-29

Dallas
Report This As A Bad Post Add To Your Ignored User List
I'm not offended KD.
I agree with the basic premise that as consumers and employees we have a good deal of leverage when negotiating as a group with government and employers.

I am truly interested in your thoughts about how MMT (and perhaps secondarily "gain of function" in the digital voting booth) impacts the ability of consumers and employees to influence policy through the use of boycotts, walk outs, and other forms of peaceful protest.

If the government can print as much money as they want,
do they really care if you choose to "not work."

----------
(LOL - I like the crow)
Tickerguy
Posts: 177856
Incept: 2007-06-26
A True American Patriot!
Report This As A Bad Post Add To Your Ignored User List
Let me know when they can print chickens.

----------
I don't give a flying **** if you're offended.
Ahhz
Posts: 393
Incept: 2011-06-12

Report This As A Bad Post Add To Your Ignored User List
Excellent observation by Cwatson1982 on another thread that illustrates this.
https://market-ticker.org/akcs-www?singl....
Quote:
I watched the lone worker at a pizza hut have a meltdown yesterday. Wouldn't even come out to speak to customers in the lobby and just kept yelling "we are short staffed!" from the back over and over again.


The hungry guy at Treasury can frantically hit the Print button on his keyboard and make piles of cash. Still not going to help the DoorDash person deliver him his Pizza Hut DeepDish Meat Lovers pizza, cause there is only one person making pizzas for everyone. At best, all that money printing makes for:

https://dilbert.com/strip/2008-09-15


Cwatson1982
Posts: 79
Incept: 2017-05-07

Report This As A Bad Post Add To Your Ignored User List
@Ahhz

Things are going to get "Very Interesting" over the next 6 months.
This was the local taco bell; 6 months ago this was ~11$ an hour job. The local whitecastle is "starting at 15$" an hour; all are offering same or next day pay.

Inline
Login Register Top Blog Top Blog Topics FAQ
Showing Page 6 of 6  First23456Last