Bruce Powers - Comments

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Tesla Shares Soar On Elon Musk $420 Target Tweet
7 years ago

I hate to say it but this is nuts. And so is #Musk. Now I'm bearish on $TSLA.

In this article: TSLA
Berkshire Hathaway Lends $2 Billion To Seritage Growth Properties
7 years ago

Very impressive, congrats!

In this article: BRK-A, BRK-B
BBQ Chicken: Tyson Foods Plunges Most In 20 Months And You Can Thank Trump’s Tariffs
7 years ago

You are not remembering that quite correctly. A Giffen good involves two products, where one is substantially more expensive than another. I.e. Rice and Meat. An increase in the cost of rice would force poor people with limited funds to buy more rice and less meat because that's all they can afford (to compensate for less meat, they buy more rice to gain enough calories).

But in this case, it's the "meat" (i.e. chicken and pork) which would increase in price, driving people to other alternatives where possible.

In this article: TSN
BBQ Chicken: Tyson Foods Plunges Most In 20 Months And You Can Thank Trump’s Tariffs
7 years ago

I agree. It's not like people have decided to go vegan because of these tariffs. People will still want to eat their chicken/pork, even if costs a bit more.

In this article: TSN
Oil: Respond In Kind
7 years ago

Not so suprising. I would expect China to be one of the world's largest consumers of oil. And that will likely only ramp up as the country continues to modernize.

Trump As First Post-Cold War President And The Dollar
7 years ago

Wow, thanks! I'm very impressed you took the time to respond. Much appreciated.

Trump As First Post-Cold War President And The Dollar
7 years ago

While I wouldn't be surprised if the stat you mention is true, how would the Eurasia Group, whatever they are, know where the US Special Forces are conducting it's top secret missions? Can you include the link for this source?

Dominion Energy: A Utility For Safe Dividend Growth
7 years ago

I think it's nuts that there can be "legal" monopolies. Competition ensures the best service and prices.

In this article: D
HyreCar Inc. (HYRE) Stock: Selling Shovels In A Gold Rush
7 years ago

Never heard of $HYRE. Interesting model, but if successful I suspect #Uber will either buy them or simply replicate their offering.

In this article: HYRE
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