Lost_Trucker_1979 - 336 upvotes - source
[From the article.](https://www.msn.com/en-us/money/markets/millennials-are-to-blame-for-sky-high-inflation-strategist-says/ar-AAZBfh1) "See, what everyone is not including in the conversation is what really causes inflation, which is too many people with too much money chasing too few goods," Bill Smead, chief investment officer at Smead Capital Management, told CNBC's "Squawk Box Europe" on Thursday. "So we have in the United States a whole lot of people, (aged) 27 to 42, who postponed homebuying, car buying, for about seven years later than most generations," he said. You damn Millennials with your too much money! How dare you save monies for lower priced things!

greeengrasss - 114 upvotes - source
Yep, when I first started reading about web3/blockchain/nfts/crypto a few years ago I though the exact same thing. Cannot wait to see this happen in real time.

alphawolf29 - 85 upvotes - source
I'm a water/waste water operator in BC. 50k is super super low, id say starting wage is probably around 70k for anywhere but impoverished areas. I make 90k with 25 days vacation, full pension and benefits in a pretty low COL in BC. 100% worth it for brewers to transition, it's a really common way to get into the industry. You're generally required to get a license, but you can often get an OIT (Operator-In-Training) job, with the requirement you pass your licensing exam within a certain amount of time. Time depends on province but its 6 months to a year usually, depending on your level of relevant education. I did a 2 yr diploma in water/wastewater which current is basically a gaurenteed 80k+ in first year. The field is heavily unionized though so there isnt big wage growth over time, BUT the work-life balance is incredible.

notzebular0 - 71 upvotes - source
Exactly, first ones in are absolutely holders which coincidentally will be the ones raking in the most sales. Feelz good bro. Self feeding stock money generator go brrrr.

FalconSixSix - 64 upvotes - source
I made this same mistake when I first started. Probably half of Australia has haha

nocashflow_ - 61 upvotes - source
Never trust a man with two first names

SnooRadishes7630 - 52 upvotes - source
So, this jerkoff is basically pissed off that millennials saved well and then otimed the market when interest rates were super low to make the largest purchases of their lives? I mean - first they’re pissed off that millennials spend too much money on avocado toast. And now they’re pissed off that they were financially prudent?!

fearqq - 45 upvotes - source
You're still a fair ways off from buying so just ride it out. Also if you are intending on buying and haven't owned a home before you should look at the federal govt first home buyers initiative that enables you to withdraw up to 50k from your super (from voluntary contributions) to put towards your first home. Get cracking on that over the next couple of years in addition to investing personally, that's what I would do.

raisedonjupiter - 39 upvotes - source
Firefighter. First class pay (after 3 years) is 100k and most departments have lots of OT available. Its tough to get in but once you do it’s a pretty amazing career. Lots of time off, great benefits, awesome work atmosphere.

JohnDillermand2 - 36 upvotes - source
The people who got the 30 years fixed sub 3% with little equity are the real benefactors. Doesn't matter what you paid. This inflation bomb happening at the beginning of their mortgage cycle, if they can get over that initial inequity hump, their realized monthly payments will be halved in the first 10 years. That is the real transfer of wealth between generations.
 

Billy4-C - 126 upvotes - source
Make no mistake, Snoop is going to bring a lot of attention to the opportunities for musical creation and compensation via the NFT marketplace.

TCrunaway - 108 upvotes - source
I just wanna say the NFT store never sleeps, takes vacation or closes for holidays. Transactions 24/7 once it gets up to speed it’ll be a printing press

TotalBismuth - 105 upvotes - source
Expected after the GameStop NFT marketplace launch this week.

I_cant_hear_you_27 - 100 upvotes - source
is it cooling off because gas fees are ridiculous? or because nobody wants NFTs anymore? GME might have found a solution to keep the NFT market white hot with crazy low fees. We'll find out soon!

thisisafakestory - 92 upvotes - source
This skull is also the same model used in the Power to the Puzzlers ASCII thing in the NFT arcade game.

Cant_Bust-Out_This_1 - 74 upvotes - source
On a random note: This guy has an NFT based after ButtFarm's meme (The Chair Man), that was minted by RareChairs. RareChairs sent a Pardon Our Dust GameStop NFT, two months ago, to Ryan Kagy, which doesn't mean much but it's interesting. RSKAGY has no activity showing for at least the past two months. Last transaction was from Jordan, who sent him an ENS. Jordan sent one to Jeffy (Cyberhorsefriend), and Jeffy has made a couple God's Unchained NFTs recently (unofficial?) . I'm sure there's a lot more interesting stuff going on but that hole is, too, deep. lol

noreasters - 65 upvotes - source
Literally, he said it in the quote…he is his own label and that gives him unlimited creative freedom. He promotes his “brand” by making appearances and doing shows; but it’s just whatever he wants to do, because he’s his own boss. His brand has weight, add him to anything and it’ll sell double, so he’s welcome pretty much anywhere. Snoop could show up to the whitest most conservative church in America and get those people energized about whatever it is he does. As a label manager tho, he needs to know his business, and he clearly does; if he sees NFT as the future in his industry, that’s a ringing endorsement that may bring some folks around who were anti-NFT.

woakula - 46 upvotes - source
Exactly my argument to others, large name musical artists could change the game. Artists disliking their record label make major mainstream headlines, think Taylor Swift, Kesha, Tyga, Prince, etc. Any large name artist moving their music over to the marketplace to own their music catalogue would automatically bring their massive mainstream fandom with them and bring a fat increase in their own pay, cutting out the middle man! Bullish on music NFT's. Release the WuTang NFT!

youdoitimbusy - 40 upvotes - source
They can't sell the album. But I often wonder if they could lease it via NFT, allowing the individual with the NFT entry to a listing party for said album. It would be a great marketing campaign to bring attention to the market.

1em0ns - 40 upvotes - source
Yes! Glitchy was referenced as part of the secrets.txt file, and another redditor [found this image](https://www.reddit.com/r/Superstonk/comments/vxjkth/there_is_hidden_text_on_the_bottom_of_the_skull/) of an ape skull when searching through the Javascript sourcecode of the NFT marketplace.
 

qwert1225 - 34 upvotes - source
If you looked at the 1 week SPY chart you wouldn't even be able to tell that June CPI came in at 9.1%.

Yf_lo - 27 upvotes - source
-CPI of 9.1 is measured for the month of June, -The 9.1 mainly accounts for energy costs due to high demand met with decreased supply (Russia), -Energy also affects the costs of all other items which further drives up inflation, -OPEC started extra production in July, If the released CPI for July and August is bad, we truly are fucked. In the main time, calls on tech puts on oil. Positions: TQQQ 30c August BA 175c September XLE 60p September

TheKrazyKrab23 - 23 upvotes - source
Ill be that guy. Fed leaked 10.2 inflation purposefully to lessen the impact of 9.1 🤡

100PercentABear - 23 upvotes - source
Who said 9.1 is the peak 🤡

Eslooie - 14 upvotes - source
CPI was only 9.1%. Economy saved.

Thejadejedi21 - 13 upvotes - source
This month numbers were released for ~9.1% inflation…so yea, not enough to keep up

KKrum41302 - 12 upvotes - source
FED'S WALLER: TO GO ABOVE 75 BPS AT NEXT MEETING I NEED TO ASSESS DATA OVER NEXT COUPLE OF WEEKS Ok bro, here’s the data you need to assess: CPI: 9.1% Now have some balls and hike 100bps already

Rude-Bid-9122 - 11 upvotes - source
alright, so she’s a 9.1, but doesn’t seem to print my puts. what is she ?

TransCuckedElon - 10 upvotes - source
inflation at 9.1% "oh we dont wanna knee jerk overreact here" 🤡

TheKrazyKrab23 - 10 upvotes - source
Why and how are we not down to 370$ yet after 9.1%, this market is for clowns
 

elld101 - 4 upvotes - source
Who's the gayest bear of the year so far? - J Pow - Putin - Biden - Shinzo Abe Assassin

I_cant_hear_you_27 - 2 upvotes - source
haha, it reminds me of the Simpsons when Abe walks into the burlesque house and Bart is at the checkin counter, puts his hat on the rack, sees Bart, walks in a circle, grabs his hat and walks out the door.

st-denmark - 1 upvotes - source
did you mean cokeincidence or is my abe that bad
 

moebeast - 26 upvotes - source
RIP to the guy who said he was shorting Pepsi.

einhorn-is_finkle - 16 upvotes - source
This is way better idea then Pepsi guy

Jankeeto - 8 upvotes - source
I empathised with his position and lost 1.5k on 36 165 puts. Thanks for a great lesson Pepsi guy 🙏 RIP

xanax-sniffer - 7 upvotes - source
what happened to the pepsi guy? 

x2eliah - 7 upvotes - source
Chocolate is slightly addictive but does not have the same level of lock-in as soda and burger+fries. Chocolate going down is troublesome, but not cause for panic. If soda goes down - meaning Coke & Pepsi - and if fast food w/ fries goes down, then we're in the real sh\*t.

OB1KENOB - 6 upvotes - source
You’ll never know if it happens again, you can just hope. Putin pulls out in 2024. He’s still alive until the apocalypse. Apple, Tesla, Pepsi, BoA, and MRNA

FreeFallStonks - 5 upvotes - source
I wonder whatever happened to pepsi man

bootslapper - 3 upvotes - source
I like $PEPsi 😺

Typical-Mouse-4804 - 3 upvotes - source
We will miss you Pepsi Boy and I shall throw your ashes in the sea. I’ll cram them all in a 2 liter bottle and chuck that sucker into the waves as far as I can.

winterbird - 3 upvotes - source
I mean I don't know, that mango flavored pepsi is 🔥
 

FelixYYZ - 864 upvotes - source
>Our realtor has refused advising to stick to the list/asking prices and that it is offensive to the sellers to offer anything less then February let alone before the pandemic. Given we signed a contract, is there any way out without getting a lawyer involved? If you wan tot see a property, they should schedule and take you to it. If they don't want to, request a cancellation of the buyers agreement immediately.

dilligaf0220 - 491 upvotes - source
>Who gives a shit about offending a seller? A realtor. Their self-interest is pretty transparent here, time to cancel an agreement.

NoInspection6248 - 232 upvotes - source
Yes, that's correct. Ask for a mutual release from the buyer's rep agreement with the real estate agent. Get everything in writing.

thatirishrealtor - 219 upvotes - source
Tell them you want cancel the Buyer Rep Agreement. If they refuse, speak with their Broker of Record. The Rep agreement is between you and the brokerage, with agent acting as representative. They have certain duties they have to maintain which you feel like/have evidence of them not performing GENERAL OBLIGATIONS OWED TO CLIENTS 7.  Obey instructions: obey the client’s instruction, unless it’s not lawful FIDUCIARY OBLIGATIONS OWED TO CLIENTS 1. Maintain utmost loyalty: the client’s interests come first, best achieved in single representation Having everything in writing is a great idea. This is about your money, your move, your future home. Get released and move on with your plans to purchase when you feel more comfortable.

FelixYYZ - 141 upvotes - source
Thats' why you wan the buyers agreement cancelled so you don't pay them commissions. Yes they have to do it. If they won't, file a complain with RECO: [https://www.reco.on.ca/complaints-enforcement/want-file-complaint/#:\~:text=There%20are%20two%20ways%20to%20file%20your%20complaint%3A,people%20who%20might%20have%20information%20about%20the%20complaint](https://www.reco.on.ca/complaints-enforcement/want-file-complaint/#:~:text=There%20are%20two%20ways%20to%20file%20your%20complaint%3A,people%20who%20might%20have%20information%20about%20the%20complaint) Also with the Ontario Real State Association..

CptHampton - 110 upvotes - source
He signed a merger agreement, meaning he signed a binding piece of paper saying he would buy it. This agreement he signed includes a specific performance, which basically says "a judge can force you to buy it if you don't give a good enough reason." The only way Musk can get out of buying Twitter is if his lawyers prove in court that *Twitter* was the one in breach of contract. Otherwise, Musk is in breach of contract for backing out on the agreement he signed, so Delaware Chancery Court can force him to fork over $44 billion for the company.

TayoMurph - 46 upvotes - source
Oh you mean this part? “The process begins when a prospective ETF manager (known as a sponsor) files a plan with the U.S. Securities and Exchange Commission (SEC) to create an ETF. Once the plan is approved, the sponsor forms an agreement with an authorized participant, generally a market maker, specialist, or large institutional investor, who is empowered to **CREATE** or redeem ETF shares. In some cases, the authorized participant and the sponsor are the same.” Lol so not only is Citadel incentivized to just create shares out of thin air. They can ALSO be both the sponsor and the participant. Meaning, they don’t need ANYONE to commit this crime. This is why it was approved so swiftly. This allows future risk to be solely on the market maker, as no other counter party has signed onto the fraud.

CptHampton - 44 upvotes - source
Some of the market drop is caused by Elon himself and his public opinions on the Twitter agreement. If I walk into your store to buy a TV and it looks too expensive, I can't just smash it with a baseball bat and ask you to sell it to me now at a lower price.

g0kartmozart - 30 upvotes - source
Brother, you may be high, but you're still 100% correct. The commission based realtor fees absolutely drive prices up. It's an unspoken agreement between all realtors that they must always be bullish on housing, it's always a great time to buy, and every property is always a "good deal". It applies instant upward pressure on prices (and therefore, realtor income), and it makes people buy faster and with less conditions.

22Arkantos - 27 upvotes - source
> wouldn’t the market drop to this extent warrant a new agreement? It could, which is why it's generally not a good idea to sign a *binding* contract at a set price unless you really want the thing you're buying and are willing to pay that set price regardless of what happens.
 

Error4ohh4 - 206 upvotes - source
I’m never going to stop buying the stock until it’s locked up

mclmickey - 125 upvotes - source
🤯 when you remember all these creators are also apes who love the stock

notzebular0 - 71 upvotes - source
Exactly, first ones in are absolutely holders which coincidentally will be the ones raking in the most sales. Feelz good bro. Self feeding stock money generator go brrrr.

Affectionate_Room_38 - 44 upvotes - source
You are either buying pre split, or post split. There is no scenario where you pay $140 and end up with 1 share valued at $35. On the record date they will determine who currently owns the shares for distribution of the dividend. If you buy a share between the record date and the distribution date, the right to those additional shares is transferred to you. For a typical cash dividend, the record date is very important, as you will miss out if you buy after that date. For a stock split/dividend, it's more of a formality.

A_Stoic_Investor - 41 upvotes - source
It should be very telling if the stock is **still currently having -7% days** as you mentioned, especially when the overall market is simultaneously flat or green. Recent financial reports have made $CZR's overvaluation much clearer. Chapter 11 bankruptcy (Price Target: $0) becomes a consideration within 2-3 years as the bulk of their long-term debt matures and re-financing options are more limited/expensive. To your point, it would have been nice to start shorting $CZR earlier, but it is certainly not too late. A drop from $100 to $90 can be just as profitable as a drop from 50 to 45, 30 to 27, 20 to 18, 10 to 9, 5 to 4.50, and so on depending on the type of position taken. There is a different between FOMOing into market reflexivity after a transient catalyst vs betting on the continuation of an established longer-term trend that is further supported by new financial data.

Odyssey835 - 30 upvotes - source
The thing I don’t get is how a stock like AMD has a PE ratio of 28 and COST has a PE ratio of 39. I know Costco is a fantastic company but it’s valuation is just too high

HwangingAround - 23 upvotes - source
If the stock you are in has a bunch of people screaming on the internet "shorts have to cover soon/they haven't covered a single share," you're fucked.

pifhluk - 23 upvotes - source
That's for cash dividends that companies pay out quarterly not for a stock split.

monstar_bupkus - 22 upvotes - source
In the stock market 10-20% is a correction I thought, 20%+ being a crash. Trying to find a definition for realestate shows it's not as well understood though some having a crash as 10%+ : https://www.businessinsider.com/difference-between-crash-and-correction-2017-07

dfunkmedia - 22 upvotes - source
SEC: "Retail is stupid and they're going to blow up their accounts and the whole economy buying a stock" Also SEC: "We're introducing single stock leveraged inverse funds, an even riskier form of fund than the leveraged and inverse funds we make brokers put warning labels on. For their own protection of course. This has nothing to do with anything in the news recently."
 

davide3991 - 24 upvotes - source
Futes green means market gonna bleed 🩸

newengineer94 - 12 upvotes - source
Futes were tanking yesterday and the market ripped today. Just a friendly reminder

bearhunter429 - 11 upvotes - source
Bulls when futures are down -1.75%: >futes are fake and don't mean anything. Bulls when futures are up 0.03%: >bers r fuk

bearhunter429 - 9 upvotes - source
Futes are barely up 0.1% and bulls are talking talking about pumping. Last night futes were down like -27%.

Screamdaditty - 8 upvotes - source
Futes mooning 😚. Gotta love when the only fake futures in the recession are red futes 🤣

bearhunter429 - 8 upvotes - source
Futes barely holding onto green by a single thread. -2% by open easily.

TheKrazyKrab23 - 8 upvotes - source
Not only are futes going flat now, but the 5 banking giants reporting tomorrow morning are going to miss, just like JPM did

No_Distance_4905 - 8 upvotes - source
Futes being green calms me. This is going to be fucking bloodbath.

antliu56 - 7 upvotes - source
swinging 13x tesla 850 calls 7/22 , futes about to make me cum

Many-Mess3899 - 6 upvotes - source
futes went from flat to -1% back to flat and then opened -1.4% just a reminder futes are fake