Economy: Where are we now?

[Ben Rhimene]

NBA apparently is already have some internal issues. We'll see. I think the world had to hit fast forward on a lot of things I I thought would happen in the near future.

1) A majority, and viable Work from Home designation.
2) Virtual Reality Entertainment (sports, concerts,etc). Where you pay for the POV on your headset at home. And stadium owners can really charge whatever. It's virtual seats, can have 100k at a game not just 20k for the NBA. pricing is the issue here but agree with concept
3) Virtual job reach--i don't need to hire a local lawyer or doctor, I can virtually hire one now. As good, in regards to representation...the virtual aspect will come.telemed is a thing, but it only works for minor stuff.... you will still want full-blown experience for cancer, etc.
4) Drones. Waiting for full on drone delivery, no humans. Can't pass sickness around with drones doing the work. Itd require FFA and USPS war. its the touching part....drones do NOT eliminate that -they only remove a human to human exchange...any virus can remain.

All this stuff leads to folks looking at suburb living, don't need to live near work now, possibly virtual education, etc.

Companies can save thousands on rent each month if they let WFH continue. But will they give up the control over having everyone on-site every day?

[pumpernickel]

Drones will limit the amount of human spent time. That'll only help the case.

Cancer, yes. Pregnancy, yea. But the normal routine visits? Thing of the past. Telemed existed but was never insured.

VR wise, pricing will market itself in. It'll never be too stupid, cause market will always tailor itself.

As for companies giving up control, that shall be seen. I think the ones that do it reluctantly, don't do it American based. They say F it, we'll do all remote but from India or the Philippines.

[pumpernickel]

Time to strategically start loading in.

More room to fall, eyeing small buy ins at FB, tech, s&p, dividend etfs. Gonna dip more but the layering process starts now.

Very confident in a year will be double digits % gains.

[Ben Rhimene]

As for companies giving up control, that shall be seen. I think the ones that do it reluctantly, don't do it American based. They say F it, we'll do all remote but from India or the Philippines.

Shell already does that. Problem is, the folks in London don't realize all the adjustments made in Manila, so they don't have the control they think they have. It was funny to watch that play out, because your SMEs actually need to ge experts, don't they, or it falls apart...

[pumpernickel]

Shell already does that. Problem is, the folks in London don't realize all the adjustments made in Manila, so they don't have the control they think they have. It was funny to watch that play out, because your SMEs actually need to ge experts, don't they, or it falls apart...

Lol. Too close to home.

I was kind of echoing Shell, but didn't say that specifically. The fact you did the math on that, bourbon on me my friend.

[pumpernickel]

And boom, Warren buys out doninion
Wonder if this is in some fashion to integrate.

That's a big investment in fossil fuel backing unless he's looking to convert.

[pumpernickel]

Old thread, but relative. I fear we are going to see some reaction from the politicians by inauguration time. The economy is going to have to be majority halted again.

You hold your savings cash, set aside. Get ready to buy back in equities, stay out of real estate until that forbearance lifts + a few months.

[Ben Rhimene]

Always relevant pumper.

I try to avoid broad catergories like equity or debt. The successful equity players will be those that can pivot and deliver service amid lockdowns. Amazon, UPS, DHL, Doordash, etc. On the debt side deleveraging is crucial in the near term to survive. Capital expansion plans are/have been slashed to get through this. It may not be enough for some. Locally, the smaller O&G players have a tough row to hoe (no pun intended)...OPEC+ is driving this and as long as Aramco's cost to produce is <$10 everyone has to follow their lead...