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August 10, 2018, 11:16:54 PM |
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I see the Buffett Market Indicator has broken 140%. Total market cap to gross domestic product.
So, there's more money in making money with money than there is Gross Domestic Product at present.
I now have cats, I use to have a couple of dogs. I have chickens. A rat problem developed, them feeding on the chicken scratch. Used common store bought rat poison but heard it kills the owls and there are owls, or were. Whole neighborhood got rats. I started feeding a small stray cat then another. Then ferrule cats brought their litters as my 3 acres are fenced. Had 24 kittens earlier this year and brought most to the county animal shelter. I was wishing kittens were bitcoins. Just now I have another round of kittens. I like to feed the mom's mackerel. I fed a skinny kitten mackerel last year and it's sharper than the others. So, I buy a lot of mackerel but the large least expensive national chain has failed to keep it on the shelves and sometimes goes weeks without refilling. So I ordered online and had them deliver. Cheaper and delivery was free if one orders enough. I look at the box. Product of China. And I had first rejected this brand as the mackerel was in brine and it was mostly brine I thought. So, to check, I bought the next best competitor, drained the brine from both, weighed the product, and found the brand from China a better buy. But you see what's happening. They move cans and labels. They make work. The employees at the canning facilities have a better income to rent an apartment, buy a washing machine, refrigerator, move up. We have a Buffett Market Indicator of 140%. I blame it on futures.
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