To The Moon

News and my thoughts from the last week (19 Feb 2024) - Amazon, CRE & BYD

• More than 60% of Americans live paycheck to paycheck as of September 2023, according to a LendingClub report - CNBC

• Amazon founder Jeff Bezos sold around 12 million shares of the online retail and cloud services firm for roughly $2 billion - Reuters

• Shell has this week permanently closed its seven hydrogen refuelling stations for passenger cars in California, citing “supply complications and other external market factors”. - Hydrogen Insight

• For the full year, commercial real estate prices dropped 10.2%, accelerating their decline after small drops of less than one percent in 2022 and 2021. - Reuters

• Crimes can also be inflationary.

• I monitor their promise and their deliverables. I do not have any timeline or expectation. Life is easier with chances to be pleasantly surprised or less to be disappointed.

• 20% of outstanding debt on United States commercial and multifamily real estate – US$929 billion – will mature this year, requiring refinancing or property sales. Banks have US$441 billion of commercial-property debt coming due this year, the mortgage bankers group reported. About US$234 billion of maturing debt is securitised in CMBS, collateralized loan obligations & asset-backed securities, while US$168 billion in loans are coming due. - Business Times

• China's BYD Co Ltd will set up a new electric vehicle (EV) factory in Mexico, Nikkei reported on Wednesday, citing the company's Mexico head, as the EV maker aims to establish an export hub to the United States. - Reuters

• Retailers and their suppliers have been slashing their inventories. Now they’re turning to cutting back storage space. A once-booming U.S. warehousing market is coping with signs of contraction as businesses consolidate warehouses. - WSJ

• Foundry Group, an 18-year-old venture firm with nearly $3.5 billion in assets under management, has quietly decided to shut down and not raise any more funds. The firm announced a $500 million fund last year. - Techcrunch

• Warren Buffett’s Berkshire Hathaway sold 10mn Apple shares in the last three months of 2023, cutting into a position that is called one of the “four giants” that account for most of his group’s value. - FT

• For all trades, there should be a time frame and an exit strategy.

• Both profits and losses need to be cashed out and realized.

• Do you agree with the following statement:

  Crypto has no fundamentals - only demand, supply and manipulations. But, so long we make money.

• In the coming months, those with physical assets could stand to gain more. My best return thus far is still in real estate.

• JPMorgan Chase CEO Jamie Dimon said he remains cautious on the U.S. economy over the next two years because of a combination of financial and geopolitical risks. - CNBC

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*U.S. JANUARY CORE PPI INFLATION RISES 2.0% Y/Y; EST. 1.6%; PREV. 1.8%

• This is the prelude to CPI as producers try to pass the costs to consumers. Is inflation trending back upward?

@TigerStars

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$Berkshire Hathaway(BRK.B)$