https://www.sfgate.com/renotahoe/article/reno-named-happiest-city-to-live-in-us-18380779.php

 

Reno tops list of happiest places to live in America


 

 Important note for those of us in the market for a place to live.  Helas, it is relentlessly hot in the summer.  Most lion impressions of Reno come from the very dreary & cold depiction in Nomadland.

 


The winters are brutally cold.  Lions ponder what Xmas is like though.  The crazy guy spent most of his life there.  He might have inherited a house.  That gave lions the impression of it being a place where a lot of men go when they're on their last dime.

Lion kingdom's 1st love was last known to have chased a man to Carson City. 

No relief in housing prices.  You have to be worth many millions to retire there.

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Most peculiar stonk market decline which can only be explained in terms of quantitative tightening & maybe government shutdown hype.  The fed isn't raising rates anymore & hasn't done any meaningful increases all year.  Housing is setting new records.  Interest income after taxes is a meaningless 3%, nowhere close to inflation.

There are murmurs of another government shutdown buried in the news behind all the praising of Bide's labor union subsidies.  As regards quantitative tightening, lions see it nearly as far gone as it can go without causing deflation & requiring the fed to pivot.  Productivity growth has continued for all the time stonks have gone sideways & we're farther into a bear market than they normally last.

A government shutdown would call for the usual crisis playbook.  Lions made 10% on the position created during May's government default circus.

 Berk was not immune to the lion kingdom's aversion to buying things at a premium. So much of that gain was from just APPL's stonk buyback program, it didn't put a good taste in lion mouths.  Lions remember fanboys complaining that apple wasn't deploying its cash to buybacks, 10 years ago.  Now they got their wish, but at what cost?  Lions never forgot when the underwhelming Apple VR goggle came out & the meme was "this is our retirement fund".

 Helas, for all the pain of guessing too high on a trade, lions still move in fractions of a percent of net worth at a time.  As regards the 1 airline stonk now way below its pandemic low, there is still a capital loss carryover so no capital loss could be harvested for another year.  Lions still see it as a volatile stonk prone to swinging in greater magnitude in the same direction as the index.  It briefly hit 50 in 2021.  Nothing about the company is either here nor there, but it's cheap.

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 $1.2 bil doesn't buy what it used to.  Still nowhere close to what it costs to babysit Putin.

 

 

 

 

 

 

 

 

 

 

 

 

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