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I've not seen it mentioned, but I'm wonder what the effect of the discontinued child tax credit payments is going to have. That was putting cash in people's hands on a monthly basis, and was presumably getting dumped largely into the consumer economy. Will shutting that off cause things to contact? Slow demand? Slow inflation?
It's certainly a bitter pill. You get free cash while prices on everything are rising then when inflation hits a 40 year high mark or whatever it is they cut off the free cash. Joke's on who... That is some really bad policy
 
I've not seen it mentioned, but I'm wonder what the effect of the discontinued child tax credit payments is going to have. That was putting cash in people's hands on a monthly basis, and was presumably getting dumped largely into the consumer economy. Will shutting that off cause things to contact? Slow demand? Slow inflation?
That’s where I am with resuming student loan payments. It’s not even about people not being able to afford their loan obligations, it’s the billions getting spent since they’ve been postponed that’ll get sucked out of the economy at once. I also think everyone in charge agreed to turn that spigot off with no clue of how to turn it back on.
 
He should have gotten it in burl. That stuff grows every year. I was just out checking on one of mine this weekend. You always need to be on the lookout for new opportunities.

ckyAQ0v.jpg

This is the kind of burl to have your money in
Bowl,-Burl,-Ash_1120-74.jpg
 
Has to have a lot of real aging as well though.
There was a show I used to like but I can't remember the name of it. It wasn't dirty jobs. It was dirty money or filthy money or something like that. Anyway the characters of the show would go out and search for burl and truffles and other stuff you can find in the woods.
 
There was a show I used to like but I can't remember the name of it. It wasn't dirty jobs. It was dirty money or filthy money or something like that. Anyway the characters of the show would go out and search for burl and truffles and other stuff you can find in the woods.
There was one about Ginseng. Not to give hook bad news but the ones on his tree aren't worth anything. I prefer searching for the 200 yr old bowl already made!
 
My wife has some relatives in Tennessee got rich from gathering Ginseng.
I think it was on History or the Moonshiner channel. Another one that didnt last long somewhere too. Looked akin to drug dealing on the show but then again like the Pickers when you know the actual vs what TV show was doing for drama. Someone will give us hell for hijacking the thread!
 
I think it was on History or the Moonshiner channel. Another one that didnt last long somewhere too. Looked akin to drug dealing on the show but then again like the Pickers when you know the actual vs what TV show was doing for drama. Someone will give us hell for hijacking the thread!
Mike and Frankie Fritz had a horrible falling out. Shame. I used to leave that on in the background in my office until Fubo lost the History Channel
 
Mike and Frankie Fritz had a horrible falling out. Shame. I used to leave that on in the background in my office until Fubo lost the History Channel
Mike is a real prick, cant say a lot for Frank either. Like I said just like anything that you have your own knowledge and see how fake it is. I used to watch just to see some of the items but that got old. I did actually get a tip watching Pawn Stars I made a lot off of . No one knows everything
 
Mike is a real prick, cant say a lot for Frank either. Like I said just like anything that you have your own knowledge and see how fake it is. I used to watch just to see some of the items but that got old. I did actually get a tip watching Pawn Stars I made a lot off of . No one knows everything
Don't ruin it for me. I love both those shows
 
Really Ginseng? I had an uncle that had a Ginseng patch in a woods that I still own. Maybe I should check out Uncle Slug's Ginseng patch?

Isn't there something illegal about harvesting ginseng?

Okay, looks like it's highly regulated in Indiana:


Know the law​

  1. It is illegal to harvest wild ginseng out of season. A Class A misdemeanor.
  2. To harvest legally, a ginseng plant must have: at least 3 prongs and a flowering or fruiting stalk, or at least 4 internodes on the rhizome. To harvest plants not meeting these criteria is a Class B infraction.
  3. It is required that mature fruits and any seeds on the harvested ginseng be planted in the vicinity where the plant was dug and in a manner that encourages germination.
  4. It is required that the entire stalk and leaves be retained with the plant until it is taken to the harvester’s residence or place of business, unless the root has at least 4 internodes on the rhizome.
  5. It is illegal to sell or remove mature fruits and seeds from the vicinity where the ginseng was taken.
  6. It is illegal to buy, sell, or possess any ginseng out of season without written authorization from the Department of Natural Resources, Division of Law Enforcement. A Class B misdemeanor.
  7. It is illegal to buy uncertified ginseng for resale without an Indiana Ginseng Dealer’s License. A Class B misdemeanor.
  8. Only certified ginseng can be sold to a buyer in another state. To export uncertified ginseng is a Class A misdemeanor.
  9. Harvest ginseng only where it is permitted—digging on State property is not allowed; digging on private property without permission is theft; digging on other properties may require a permit.
  10. Anyone violating these rules will be prosecuted.
 
Isn't there something illegal about harvesting ginseng?

Okay, looks like it's highly regulated in Indiana:


Know the law​

  1. It is illegal to harvest wild ginseng out of season. A Class A misdemeanor.
  2. To harvest legally, a ginseng plant must have: at least 3 prongs and a flowering or fruiting stalk, or at least 4 internodes on the rhizome. To harvest plants not meeting these criteria is a Class B infraction.
  3. It is required that mature fruits and any seeds on the harvested ginseng be planted in the vicinity where the plant was dug and in a manner that encourages germination.
  4. It is required that the entire stalk and leaves be retained with the plant until it is taken to the harvester’s residence or place of business, unless the root has at least 4 internodes on the rhizome.
  5. It is illegal to sell or remove mature fruits and seeds from the vicinity where the ginseng was taken.
  6. It is illegal to buy, sell, or possess any ginseng out of season without written authorization from the Department of Natural Resources, Division of Law Enforcement. A Class B misdemeanor.
  7. It is illegal to buy uncertified ginseng for resale without an Indiana Ginseng Dealer’s License. A Class B misdemeanor.
  8. Only certified ginseng can be sold to a buyer in another state. To export uncertified ginseng is a Class A misdemeanor.
  9. Harvest ginseng only where it is permitted—digging on State property is not allowed; digging on private property without permission is theft; digging on other properties may require a permit.
  10. Anyone violating these rules will be prosecuted.
Fing hell. Too many laws. We need to discover a new America
 
Isn't there something illegal about harvesting ginseng?

Okay, looks like it's highly regulated in Indiana:


Know the law​

  1. It is illegal to harvest wild ginseng out of season. A Class A misdemeanor.
  2. To harvest legally, a ginseng plant must have: at least 3 prongs and a flowering or fruiting stalk, or at least 4 internodes on the rhizome. To harvest plants not meeting these criteria is a Class B infraction.
  3. It is required that mature fruits and any seeds on the harvested ginseng be planted in the vicinity where the plant was dug and in a manner that encourages germination.
  4. It is required that the entire stalk and leaves be retained with the plant until it is taken to the harvester’s residence or place of business, unless the root has at least 4 internodes on the rhizome.
  5. It is illegal to sell or remove mature fruits and seeds from the vicinity where the ginseng was taken.
  6. It is illegal to buy, sell, or possess any ginseng out of season without written authorization from the Department of Natural Resources, Division of Law Enforcement. A Class B misdemeanor.
  7. It is illegal to buy uncertified ginseng for resale without an Indiana Ginseng Dealer’s License. A Class B misdemeanor.
  8. Only certified ginseng can be sold to a buyer in another state. To export uncertified ginseng is a Class A misdemeanor.
  9. Harvest ginseng only where it is permitted—digging on State property is not allowed; digging on private property without permission is theft; digging on other properties may require a permit.
  10. Anyone violating these rules will be prosecuted.
You just put kibosh on my Ginseng fortune. It never would have stopped my uncle but that may explain why it was in a secret hiding place in the middle of the woods? Darn it!!
 
Inflation is rising. The labor market is (kinda) jacked. There is probably a bubble somewhere but not big enough to cause serious damage? I ask b/c I don't know. Housing prices are up but the mortgages are more solid so it's not going to disintegrate like 08/09. People might lose some equity but they'll still pay the mortgage.

Should be interesting. The auto industry is going to be really weird later this year but I don't think it's big enough to really cause too much trouble.
Negative earning surprises, well really negative guidance will give this tremor more juice.

I believe rising interest rates is old news and already baked in as is inflationary pressure with the expectation that it will level off.

That's why I think the current earnings season is pretty important as it always is during down drafts.

So far the guidance has been a bit bleak, at least in tech, but the big dogs are coming up this Thursday so ...hang on!
 
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Trust the process, trust the process, trust the process....

Relived for now and "hopefully" that was a massive shake out for this rough patch but man, it's been an ass puckering, brutal January.

I don't remember too many corrections in January, especially when there isn't any new shocking news. 2016 was news driven (can't remember what it was). This is reminding me of 2000 where the market said, okay internet bubble that was fun but playtime is over and the selling turned on like a spigot.

The problem with this kind of lightning drops is we're coming off record highs so all of the long term math is saying we are still in a decade long bull market but damn, it ain't easy especially when it seems the selling spigot got turned on.

Help us earnings season, you're our only hope!

PS: Before this gets turned political Trump had his white knuckle drops. Three times in 2018 (February, March and the entire fourth quarter was painful), twice in 2019 (May and September) and then of course pure end of the world insanity starting late February as the world realized that covid wasn't just a bad flu.
IMO, over the last 30 years or so, there have only been 3 "ass puckering" times in the market. 1) Starting March of 2000, the tech bubble imploding, only to be followed by the events of 9/11, causing a 2 1/2 year bear market, in which the NASDAQ lost almost 80% of it value. 2) the 18 months, starting with the 4th quarter of 2007, through the 1st quarter of 2009. Banks, Insurance companies, Financial Institutions among others, decimated. 3) the 40 days as COVID emerges. quick and swift, but the recovery was also quick.

Everything else are minor corrections that are normal, expected, and healthy for the market, and for the average investor, should be ignored.
 
Really Ginseng? I had an uncle that had a Ginseng patch in a woods that I still own. Maybe I should check out Uncle Slug's Ginseng patch?
You definitely should. These relatives lived not too far off I75 around Jelicho (Elk Valley, but I don't think it's even a town now). They'd just go into the woods and find the stuff. They'd sell it and make good money off it and the only 'cost' was their labor to find it. Evidently they knew where to look.
 
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IMO, over the last 30 years or so, there have only been 3 "ass puckering" times in the market. 1) Starting March of 2000, the tech bubble imploding, only to be followed by the events of 9/11, causing a 2 1/2 year bear market, in which the NASDAQ lost almost 80% of it value. 2) the 18 months, starting with the 4th quarter of 2007, through the 1st quarter of 2009. Banks, Insurance companies, Financial Institutions among others, decimated. 3) the 40 days as COVID emerges. quick and swift, but the recovery was also quick.

Everything else are minor corrections that are normal, expected, and healthy for the market, and for the average investor, should be ignored.
October '87 was pretty ass-puckering. But I didn't have enough in the market then to make much of a difference.

But that's over 30 years ago. Yikes!
 
You just put kibosh on my Ginseng fortune.
Don't you routinely evaluate the number of internodes on the rhizome, count the prongs, and confirm the stalk status?

:)

Growing up on a farm, my Dad routinely thumbed his nose at regulations. If he wanted to expand the chicken coop, he expanded the chicken coop and didn't file stupid paperwork. Ditto for a new shed. If he put in new septic system, he put in new septic system and didn't file stupid paperwork.

In the past the local government didn't much care. I'm not sure anymore, but this level of regulation is silly.
 
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October '87 was pretty ass-puckering. But I didn't have enough in the market then to make much of a difference.

But that's over 30 years ago. Yikes!
It's probably a little bit like looking for mushrooms as I always thought Wildcarrot or Queen Anne's lace root look very similar. I think some roots are poisonous which appears to be why Ginseng may be so highly regulated??
 
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Don't you routinely evaluate the number of internodes on the rhizome, count the prongs, and confirm the stalk status?

:)

Growing up on a farm, my Dad routinely thumbed his nose at regulations. If he wanted to expand the chicken coop, he expanded the chicken coop and didn't file stupid paperwork. Ditto for a new shed. If he put in new septic system, he put in new septic system and didn't file stupid paperwork.

In the past the local government didn't much care. I'm not sure anymore, but this level of regulation is silly.
My dad was the same way. I know he tore down an old barn without a demolition permit thinking it would magically take the barn off of the tax roles but 10 years after he torn it down it was still being taxed. I finally got it taken off after his death. The barn was in pretty bad shape but given what they will pay for hand hewn barn beams I wish he would have just left it alone.
 
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It's probably a little bit like looking for mushrooms as I always thought Wildcarrot or Queen Anne's lace root look very similar. I think some roots are poisonous which appears to be why Ginseng may be so highly regulated??
Yeah, I really have no idea. I met them once and they didn't seem to be the sort of people who paid much attention to government regulation, if you know what I mean.

I mean, I'm from a rural background, but these were hill people. Anyone who's been in eastern Tennessee knows what that means. lol
 
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I just messaged my Pakistani "son" to go to the sea this weekend and search for whale vomit. He is a good son. Unlike my own children my Pakistani son only says yes.

My son. Have you ever manufactured backpacks? Yes father. It is very easy. I send you samples today.

My son. We are looking at manufacturing a certain kind of tent. Can you do this for me. Yes father. My workers have already started. Would you like me to put North Face logo on it Father? No son. Remember we cannot do that.

My son. I have a strange request. We are looking into harvesting organs. Do you know about this? Oh yes father. You are brilliant business man. My family has been harvesting organs for many generations. I will use one of your many workers. It is not a problem father.

My son. There is BIG opportunity in whale vomit. I need you to go to the Arabian sea on Saturday and search for some. Yes father. It is not a problem. But please remember DHL will charge more, just like for organs, but I can get it done. It is not a problem father.
 
Another Big Bounce today … big sell off to open … closed with fractional loses.

Positive earnings reports by Microsoft … others led the move up from session lows.
 
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