Global trading

The dollar standard and how the Fed itself created the perfect setup for a stock market crash

Disclaimer: This is neither financial nor trading advice and everyone should trade based on their own risk tolerance. Please leverage yourself accordingly. When you're done, ask yourself: "Am I jacked to the tits?". If the answer is "yes", you're good to go.
We're probably experiencing the wildest markets in our lifetime. After doing some research and listening to opinions by several people, I wanted to share my own view on what happened in the market and what could happen in the future. There's no guarantee that the future plays out as I describe it or otherwise I'd become very rich.
If you just want tickers and strikes...I don't know if this is going to help you. But anyways, scroll way down to the end. My current position is TLT 171c 8/21, opened on Friday 7/31 when TLT was at 170.50.
This is a post trying to describe what it means that we've entered the "dollar standard" decades ago after leaving the gold standard. Furthermore I'll try to explain how the "dollar standard" is the biggest reason behind the 2008 and 2020 financial crisis, stock market crashes and how the Coronavirus pandemic was probably the best catalyst for the global dollar system to blow up.

Tackling the Dollar problem

Throughout the month of July we've seen the "death of the Dollar". At least that's what WSB thinks. It's easy to think that especially since it gets reiterated in most media outlets. I will take the contrarian view. This is a short-term "downturn" in the Dollar and very soon the Dollar will rise a lot against the Euro - supported by the Federal Reserve itself.US dollar Index (DXY)If you zoom out to the 3Y chart you'll see what everyone is being hysterical about. The dollar is dying! It was that low in 2018! This is the end! The Fed has done too much money printing! Zimbabwe and Weimar are coming to the US.
There is more to it though. The DXY is dominated by two currency rates and the most important one by far is EURUSD.EURUSD makes up 57.6% of the DXY
And we've seen EURUSD rise from 1.14 to 1.18 since July 21st, 2020. Why that date? On that date the European Commission (basically the "government" of the EU) announced that there was an agreement for the historical rescue package for the EU. That showed the markets that the EU seems to be strong and resilient, it seemed to be united (we're not really united, trust me as an European) and therefore there are more chances in the EU, the Euro and more chances taking risks in the EU.Meanwhile the US continued to struggle with the Coronavirus and some states like California went back to restricting public life. The US economy looked weaker and therefore the Euro rose a lot against the USD.
From a technical point of view the DXY failed to break the 97.5 resistance in June three times - DXY bulls became exhausted and sellers gained control resulting in a pretty big selloff in the DXY.

Why the DXY is pretty useless

Considering that EURUSD is the dominant force in the DXY I have to say it's pretty useless as a measurement of the US dollar. Why? Well, the economy is a global economy. Global trade is not dominated by trade between the EU and the USA. There are a lot of big exporting nations besides Germany, many of them in Asia. We know about China, Japan, South Korea etc. Depending on the business sector there are a lot of big exporters in so-called "emerging markets". For example, Brazil and India are two of the biggest exporters of beef.
Now, what does that mean? It means that we need to look at the US dollar from a broader perspective. Thankfully, the Fed itself provides a more accurate Dollar index. It's called the "Trade Weighted U.S. Dollar Index: Broad, Goods and Services".
When you look at that index you will see that it didn't really collapse like the DXY. In fact, it still is as high as it was on March 10, 2020! You know, only two weeks before the stock market bottomed out. How can that be explained?

Global trade, emerging markets and global dollar shortage

Emerging markets are found in countries which have been shifting away from their traditional way of living towards being an industrial nation. Of course, Americans and most of the Europeans don't know how life was 300 years ago.China already completed that transition. Countries like Brazil and India are on its way. The MSCI Emerging Market Index lists 26 countries. Even South Korea is included.
However there is a big problem for Emerging Markets: the Coronavirus and US Imports.The good thing about import and export data is that you can't fake it. Those numbers speak the truth. You can see that imports into the US haven't recovered to pre-Corona levels yet. It will be interesting to see the July data coming out on August 5th.Also you can look at exports from Emerging Market economies. Let's take South Korean exports YoY. You can see that South Korean exports are still heavily depressed compared to a year ago. Global trade hasn't really recovered.For July the data still has to be updated that's why you see a "0.0%" change right now.Less US imports mean less US dollars going into foreign countries including Emerging Markets.Those currency pairs are pretty unimpressed by the rising Euro. Let's look at a few examples. Use the 1Y chart to see what I mean.
Indian Rupee to USDBrazilian Real to USDSouth Korean Won to USD
What do you see if you look at the 1Y chart of those currency pairs? There's no recovery to pre-COVID levels. And this is pretty bad for the global financial system. Why? According to the Bank of International Settlements there is $12.6 trillion of dollar-denominated debt outside of the United States. Now the Coronavirus comes into play where economies around the world are struggling to go back to their previous levels while the currencies of Emerging Markets continue to be WEAK against the US dollar.
This is very bad. We've already seen the IMF receiving requests for emergency loans from 80 countries on March 23th. What are we going to see? We know Argentina has defaulted on their debt more than once and make jokes about it. But what happens if we see 5 Argentinas? 10? 20? Even 80?
Add to that that global travel is still depressed, especially for US citizens going anywhere. US citizens traveling to other countries is also a situation in which the precious US dollars would enter Emerging Market economies. But it's not happening right now and it won't happen unless we actually get a miracle treatment or the virus simply disappears.
This is where the treasury market comes into play. But before that, let's quickly look at what QE (rising Fed balance sheet) does to the USD.
Take a look at the Trade-Weighted US dollar Index. Look at it at max timeframe - you'll see what happened in 2008. The dollar went up (shocker).Now let's look at the Fed balance sheet at max timeframe. You will see: as soon as the Fed starts the QE engine, the USD goes UP, not down! September 2008 (Fed first buys MBS), March 2009, March 2020. Is it just a coincidence? No, as I'll explain below. They're correlated and probably even in causation.Oh and in all of those scenarios the stock market crashed...compared to February 2020, the Fed balance sheet grew by ONE TRILLION until March 25th, but the stock market had just finished crashing...can you please prove to me that QE makes stock prices go up? I think I've just proven the opposite correlation.

Bonds, bills, Gold and "inflation"

People laugh at bond bulls or at people buying bonds due to the dropping yields. "Haha you're stupid you're buying an asset which matures in 10 years and yields 5.3% STONKS go up way more!".Let me stop you right there.
Why do you buy stocks? Will you hold those stocks until you die so that you regain your initial investment through dividends? No. You buy them because you expect them to go up based on fundamental analysis, news like earnings or other things. Then you sell them when you see your price target reached. The assets appreciated.Why do you buy options? You don't want to hold them until expiration unless they're -90% (what happens most of the time in WSB). You wait until the underlying asset does what you expect it does and then you sell the options to collect the premium. Again, the assets appreciated.
It's the exact same thing with treasury securities. The people who've been buying bonds for the past years or even decades didn't want to wait until they mature. Those people want to sell the bonds as they appreciate. Bond prices have an inverse relationship with their yields which is logical when you think about it. Someone who desperately wants and needs the bonds for various reasons will accept to pay a higher price (supply and demand, ya know) and therefore accept a lower yield.
By the way, both JP Morgan and Goldmans Sachs posted an unexpected profit this quarter, why? They made a killing trading bonds.
US treasury securities are the most liquid asset in the world and they're also the safest asset you can hold. After all, if the US default on their debt you know that the world is doomed. So if US treasuries become worthless anything else has already become worthless.
Now why is there so much demand for the safest and most liquid asset in the world? That demand isn't new but it's caused by the situation the global economy is in. Trade and travel are down and probably won't recover anytime soon, emerging markets are struggling both with the virus and their dollar-denominated debt and central banks around the world struggle to find solutions for the problems in the financial markets.
How do we now that the markets aren't trusting central banks? Well, bonds tell us that and actually Gold tells us the same!
TLT chartGold spot price chart
TLT is an ETF which reflects the price of US treasuries with 20 or more years left until maturity. Basically the inverse of the 30 year treasury yield.
As you can see from the 5Y chart bonds haven't been doing much from 2016 to mid-2019. Then the repo crisis of September 2019took place and TLT actually rallied in August 2019 before the repo crisis finally occurred!So the bond market signaled that something is wrong in the financial markets and that "something" manifested itself in the repo crisis.
After the repo market crisis ended (the Fed didn't really do much to help it, before you ask), bonds again were quiet for three months and started rallying in January (!) while most of the world was sitting on their asses and downplaying the Coronavirus threat.
But wait, how does Gold come into play? The Gold chart basically follows the same pattern as the TLT chart. Doing basically nothing from 2016 to mid-2019. From June until August Gold rose a staggering 200 dollars and then again stayed flat until December 2019. After that, Gold had another rally until March when it finally collapsed.
Many people think rising Gold prices are a sign of inflation. But where is the inflation? We saw PCE price indices on Friday July 31st and they're at roughly 1%. We've seen CPIs from European countries and the EU itself. France and the EU (July 31st) as a whole had a very slight uptick in CPI while Germany (July 30th), Italy (July 31st) and Spain (July 30th) saw deflationary prints.There is no inflation, nowhere in the world. I'm sorry to burst that bubble.
Yet, Gold prices still go up even when the Dollar rallies through the DXY (sadly I have to measure it that way now since the trade-weighted index isn't updated daily) and we know that there is no inflation from a monetary perspective. In fact, Fed chairman JPow, apparently the final boss for all bears, said on Wednesday July 29th that the Coronavirus pandemic is a deflationary disinflationary event. Someone correct me there, thank you. But deflationary forces are still in place even if JPow wouldn't admit it.
To conclude this rather long section: Both bonds and Gold are indicators for an upcoming financial crisis. Bond prices should fall and yields should go up to signal an economic recovery. But the opposite is happening. in that regard heavily rising Gold prices are a very bad signal for the future. Both bonds and Gold are screaming: "The central banks haven't solved the problems".
By the way, Gold is also a very liquid asset if you want quick cash, that's why we saw it sell off in March because people needed dollars thanks to repo problems and margin calls.When the deflationary shock happens and another liquidity event occurs there will be another big price drop in precious metals and that's the dip which you could use to load up on metals by the way.

Dismantling the money printer

But the Fed! The M2 money stock is SHOOTING THROUGH THE ROOF! The printers are real!By the way, velocity of M2 was updated on July 30th and saw another sharp decline. If you take a closer look at the M2 stock you see three parts absolutely skyrocketing: savings, demand deposits and institutional money funds. Inflationary? No.
So, the printers aren't real. I'm sorry.Quantitative easing (QE) is the biggest part of the Fed's operations to help the economy get back on its feet. What is QE?Upon doing QE the Fed "purchases" treasury and mortgage-backed securities from the commercial banks. The Fed forces the commercial banks to hand over those securities and in return the commercial banks reserve additional bank reserves at an account in the Federal Reserve.
This may sound very confusing to everyone so let's make it simple by an analogy.I want to borrow a camera from you, I need it for my road trip. You agree but only if I give you some kind of security - for example 100 bucks as collateral.You keep the 100 bucks safe in your house and wait for me to return safely. You just wait and wait. You can't do anything else in this situation. Maybe my road trip takes a year. Maybe I come back earlier. But as long as I have your camera, the 100 bucks need to stay with you.
In this analogy, I am the Fed. You = commercial banks. Camera = treasuries/MBS. 100 bucks = additional bank reserves held at the Fed.

Revisiting 2008 briefly: the true money printers

The true money printers are the commercial banks, not the central banks. The commercial banks give out loans and demand interest payments. Through those interest payments they create money out of thin air! At the end they'll have more money than before giving out the loan.
That additional money can be used to give out more loans, buy more treasury/MBS Securities or gain more money through investing and trading.
Before the global financial crisis commercial banks were really loose with their policy. You know, the whole "Big Short" story, housing bubble, NINJA loans and so on. The reckless handling of money by the commercial banks led to actual money printing and inflation, until the music suddenly stopped. Bear Stearns went tits up. Lehman went tits up.
The banks learned from those years and completely changed, forever. They became very strict with their lending resulting in the Fed and the ECB not being able to raise their rates. By keeping the Fed funds rate low the Federal Reserve wants to encourage commercial banks to give out loans to stimulate the economy. But commercial banks are not playing along. They even accept negative rates in Europe rather than taking risks in the actual economy.
The GFC of 2008 completely changed the financial landscape and the central banks have struggled to understand that. The system wasn't working anymore because the main players (the commercial banks) stopped playing with each other. That's also the reason why we see repeated problems in the repo market.

How QE actually decreases liquidity before it's effective

The funny thing about QE is that it achieves the complete opposite of what it's supposed to achieve before actually leading to an economic recovery.
What does that mean? Let's go back to my analogy with the camera.
Before I take away your camera, you can do several things with it. If you need cash, you can sell it or go to a pawn shop. You can even lend your camera to someone for a daily fee and collect money through that.But then I come along and just take away your camera for a road trip for 100 bucks in collateral.
What can you do with those 100 bucks? Basically nothing. You can't buy something else with those. You can't lend the money to someone else. It's basically dead capital. You can just look at it and wait until I come back.
And this is what is happening with QE.
Commercial banks buy treasuries and MBS due to many reasons, of course they're legally obliged to hold some treasuries, but they also need them to make business.When a commercial bank has a treasury security, they can do the following things with it:- Sell it to get cash- Give out loans against the treasury security- Lend the security to a short seller who wants to short bonds
Now the commercial banks received a cash reserve account at the Fed in exchange for their treasury security. What can they do with that?- Give out loans against the reserve account
That's it. The bank had to give away a very liquid and flexible asset and received an illiquid asset for it. Well done, Fed.
The goal of the Fed is to encourage lending and borrowing through suppressing yields via QE. But it's not happening and we can see that in the H.8 data (assets and liabilities of the commercial banks).There is no recovery to be seen in the credit sector while the commercial banks continue to collect treasury securities and MBS. On one hand, they need to sell a portion of them to the Fed on the other hand they profit off those securities by trading them - remember JPM's earnings.
So we see that while the Fed is actually decreasing liquidity in the markets by collecting all the treasuries it has collected in the past, interest rates are still too high. People are scared, and commercial banks don't want to give out loans. This means that as the economic recovery is stalling (another whopping 1.4M jobless claims on Thursday July 30th) the Fed needs to suppress interest rates even more. That means: more QE. that means: the liquidity dries up even more, thanks to the Fed.
We heard JPow saying on Wednesday that the Fed will keep their minimum of 120 billion QE per month, but, and this is important, they can increase that amount anytime they see an emergency.And that's exactly what he will do. He will ramp up the QE machine again, removing more bond supply from the market and therefore decreasing the liquidity in financial markets even more. That's his Hail Mary play to force Americans back to taking on debt again.All of that while the government is taking on record debt due to "stimulus" (which is apparently only going to Apple, Amazon and Robinhood). Who pays for the government debt? The taxpayers. The wealthy people. The people who create jobs and opportunities. But in the future they have to pay more taxes to pay down the government debt (or at least pay for the interest). This means that they can't create opportunities right now due to the government going insane with their debt - and of course, there's still the Coronavirus.

"Without the Fed, yields would skyrocket"

This is wrong. The Fed has been keeping their basic level QE of 120 billion per month for months now. But ignoring the fake breakout in the beginning of June (thanks to reopening hopes), yields have been on a steady decline.
Let's take a look at the Fed's balance sheet.
The Fed has thankfully stayed away from purchasing more treasury bills (short term treasury securities). Bills are important for the repo market as collateral. They're the best collateral you can have and the Fed has already done enough damage by buying those treasury bills in March, destroying even more liquidity than usual.
More interesting is the point "notes and bonds, nominal". The Fed added 13.691 billion worth of US treasury notes and bonds to their balance sheet. Luckily for us, the US Department of Treasury releases the results of treasury auctions when they occur. On July 28th there was an auction for the 7 year treasury note. You can find the results under "Note -> Term: 7-year -> Auction Date 07/28/2020 -> Competitive Results PDF". Or here's a link.
What do we see? Indirect bidders, which are foreigners by the way, took 28 billion out of the total 44 billion. That's roughly 64% of the entire auction. Primary dealers are the ones which sell the securities to the commercial banks. Direct bidders are domestic buyers of treasuries.
The conclusion is: There's insane demand for US treasury notes and bonds by foreigners. Those US treasuries are basically equivalent to US dollars. Now dollar bears should ask themselves this question: If the dollar is close to a collapse and the world wants to get rid fo the US dollar, why do foreigners (i.e. foreign central banks) continue to take 60-70% of every bond auction? They do it because they desperately need dollars and hope to drive prices up, supported by the Federal Reserve itself, in an attempt to have the dollar reserves when the next liquidity event occurs.
So foreigners are buying way more treasuries than the Fed does. Final conclusion: the bond market has adjusted to the Fed being a player long time ago. It isn't the first time the Fed has messed around in the bond market.

How market participants are positioned

We know that commercial banks made good money trading bonds and stocks in the past quarter. Besides big tech the stock market is being stagnant, plain and simple. All the stimulus, stimulus#2, vaccinetalksgoingwell.exe, public appearances by Trump, Powell and their friends, the "money printing" (which isn't money printing) by the Fed couldn't push SPY back to ATH which is 339.08 btw.
Who can we look at? Several people but let's take Bill Ackman. The one who made a killing with Credit Default Swaps in March and then went LONG (he said it live on TV). Well, there's an update about him:Bill Ackman saying he's effectively 100% longHe says that around the 2 minute mark.
Of course, we shouldn't just believe what he says. After all he is a hedge fund manager and wants to make money. But we have to assume that he's long at a significant percentage - it doesn't even make sense to get rid of positions like Hilton when they haven't even recovered yet.
Then again, there are sources to get a peek into the positions of hedge funds, let's take Hedgopia.We see: Hedge funds are starting to go long on the 10 year bond. They are very short the 30 year bond. They are very long the Euro, very short on VIX futures and short on the Dollar.

Endgame

This is the perfect setup for a market meltdown. If hedge funds are really positioned like Ackman and Hedgopia describes, the situation could unwind after a liquidity event:The Fed increases QE to bring down the 30 year yield because the economy isn't recovering yet. We've already seen the correlation of QE and USD and QE and bond prices.That causes a giant short squeeze of hedge funds who are very short the 30 year bond. They need to cover their short positions. But Ackman said they're basically 100% long the stock market and nothing else. So what do they do? They need to sell stocks. Quickly. And what happens when there is a rapid sell-off in stocks? People start to hedge via put options. The VIX rises. But wait, hedge funds are short VIX futures, long Euro and short DXY. To cover their short positions on VIX futures, they need to go long there. VIX continues to go up and the prices of options go suborbital (as far as I can see).Also they need to get rid of Euro futures and cover their short DXY positions. That causes the USD to go up even more.
And the Fed will sit there and do their things again: more QE, infinity QE^2, dollar swap lines, repo operations, TARP and whatever. The Fed will be helpless against the forces of the market and have to watch the stock market burn down and they won't even realize that they created the circumstances for it to happen - by their programs to "help the economy" and their talking on TV. Do you remember JPow on 60minutes talking about how they flooded the world with dollars and print it digitally? He wanted us poor people to believe that the Fed is causing hyperinflation and we should take on debt and invest into the stock market. After all, the Fed has it covered.
But the Fed hasn't got it covered. And Powell knows it. That's why he's being a bear in the FOMC statements. He knows what's going on. But he can't do anything about it except what's apparently proven to be correct - QE, QE and more QE.

A final note about "stock market is not the economy"

It's true. The stock market doesn't reflect the current state of the economy. The current economy is in complete shambles.
But a wise man told me that the stock market is the reflection of the first and second derivatives of the economy. That means: velocity and acceleration of the economy. In retrospect this makes sense.
The economy was basically halted all around the world in March. Of course it's easy to have an insane acceleration of the economy when the economy is at 0 and the stock market reflected that. The peak of that accelerating economy ("max velocity" if you want to look at it like that) was in the beginning of June. All countries were reopening, vaccine hopes, JPow injecting confidence into the markets. Since then, SPY is stagnant, IWM/RUT, which is probably the most accurate reflection of the actual economy, has slightly gone down and people have bid up tech stocks in absolute panic mode.
Even JPow admitted it. The economic recovery has slowed down and if we look at economic data, the recovery has already stopped completely. The economy is rolling over as we can see in the continued high initial unemployment claims. Another fact to factor into the stock market.

TLDR and positions or ban?

TLDR: global economy bad and dollar shortage. economy not recovering, JPow back to doing QE Infinity. QE Infinity will cause the final squeeze in both the bond and stock market and will force the unwinding of the whole system.
Positions: idk. I'll throw in TLT 190c 12/18, SPY 220p 12/18, UUP 26c 12/18.That UUP call had 12.5k volume on Friday 7/31 btw.

Edit about positions and hedge funds

My current positions. You can laugh at my ZEN calls I completely failed with those.I personally will be entering one of the positions mentioned in the end - or similar ones. My personal opinion is that the SPY puts are the weakest try because you have to pay a lot of premium.
Also I forgot talking about why hedge funds are shorting the 30 year bond. Someone asked me in the comments and here's my reply:
"If you look at treasury yields and stock prices they're pretty much positively correlated. Yields go up, then stocks go up. Yields go down (like in March), then stocks go down.
What hedge funds are doing is extremely risky but then again, "hedge funds" is just a name and the hedgies are known for doing extremely risky stuff. They're shorting the 30 year bond because they needs 30y yields to go UP to validate their long positions in the equity market. 30y yields going up means that people are welcoming risk again, taking on debt, spending in the economy.
Milton Friedman labeled this the "interest rate fallacy". People usually think that low interest rates mean "easy money" but it's the opposite. Low interest rates mean that money is really tight and hard to get. Rising interest rates on the other hand signal an economic recovery, an increase in economic activity.
So hedge funds try to fight the Fed - the Fed is buying the 30 year bonds! - to try to validate their stock market positions. They also short VIX futures to do the same thing. Equity bulls don't want to see VIX higher than 15. They're also short the dollar because it would also validate their position: if the economic recovery happens and the global US dollar cycle gets restored then it will be easy to get dollars and the USD will continue to go down.
Then again, they're also fighting against the Fed in this situation because QE and the USD are correlated in my opinion.
Another Redditor told me that people who shorted Japanese government bonds completely blew up because the Japanese central bank bought the bonds and the "widow maker trade" was born:https://www.investopedia.com/terms/w/widow-maker.asp"

Edit #2

Since I've mentioned him a lot in the comments, I recommend you check out Steven van Metre's YouTube channel. Especially the bottom passages of my post are based on the knowledge I received from watching his videos. Even if didn't agree with him on the fundamental issues (there are some things like Gold which I view differently than him) I took it as an inspiration to dig deeper. I think he's a great person and even if you're bullish on stocks you can learn something from Steven!

submitted by 1terrortoast to wallstreetbets [link] [comments]

DD on DPHC

In the past couple of weeks I have been diving a little bit more into the fundamentals of Lordstown Motors and their merging company Diamond Peak Holdings Corp. There has been a lot of bullish and bearish talk about this SPAC and I have found some interesting information about LM. I managed to get in touch with one of the CEOs of their partner subcomponent companies (can't tell which one).
NOTE: I do own some stocks of DPHC which unfortunately makes my opinion more biased, but that is only because the barriers and cons of this stock that I found are not severe and can be overreached with small changes (will tell you in the CON section of the DD). Feel free to write your own opinion in the comments and if you have some more information, please tell me. I, along with everyone else, don’t want to lose money on this one.
PS: do your own research before buying! I am not a stock analyst nor is this my primary profession.
INTRODUCTION: Lordstown Motors primary product that will hit the market in 2021 is their pickup Endurance which is made in America at their headquarters in Lordstown, Ohio. In addition to their experienced executive team made up of automotive leaders from Tesla, Toyota, GM, VW, Hyundai, and more, they already own an ex-GM manufacturing factory which is being remodelled as we speak for the acambalence of their new pickup. The combined company will take the name Lordstown Motors and trade on the Nasdaq under the ticker symbol RIDE.
REASONS FOR EV MARKET TO GROW: The electric vehicle market has witnessed rapid evolution with the ongoing developments in the automotive sector. Favorable government policies and support in terms of subsidies and grants, tax rebates and other non-financial benefits in form of carpool lane access, and new car registration, the increasing vehicle range, better availability of charging infrastructure and proactive participation by automotive OEMs would drive the global electric vehicle sales. Developing electric infrastructure and rising emission concerns and rising government concerns are likely to propel the overall market. The electric vehicle market is estimated to grow from 3,269,671 units in 2019 to 26,952,318 units in 2030.
Source: https://www.marketsandmarkets.com/Market-Reports/electric-vehicle-market-209371461.html
INVESTORS: The deal includes $500 million private investment in public equity, with General Motors (GM) investing $75 million and institutional investors Fidelity, Wellington and BlackRock (BLK) also investing in the electric vehicle startup, the companies said.The transaction implies a $1.6 billion equity value for Lordstown. The companies expect the deal to close in the beginning of October, based on the preliminary proxy statement (PREM14A) that they filed a couple of days ago.
Source: https://www.investors.com/news/electric-car-stocks-boom-speeds-up-gm-backed-lordstown-motors-diamondpeak /?src=A00220&fbclid=IwAR2NiT4DlSTIwPquHeiLvTyvo8L-zFxuQan3PzHO239VtpXiEHTj6Qo_n90
TRUCK: Revealed in June, the Endurance is a full-size electric pickup truck with about 250 miles of range. One of the truck’s standout features is that it is powered by four electric hub motors, with one in each wheel (as opposed to placing them on the axle). This makes it possible to precisely deliver differing amounts of torque to each wheel, which helps in tough driving conditions. The truck will start at $52,500. A four wheel pickup truck has 4 HUB in-wheel electric motors that generate a pick output of 600hp and it has a towing capacity of 7,500 pounds. Top speed is limited through a PC software to 80mph (128km/h) and it can be charged in 10h from a level 2 charger and in just half an hour at a level 3 DC charger. It seats 5 people and will offer over-the-year updates and real time online fold monitoring such as power outputs for tools and accessories. It is directed toward a commercial fleet, touting its low operating costs, compared with its gasoline-powered F150.
Source: https://www.digitaltrends.com/cars/lordstown-endurance-release-date-price-specs-and-more/
ADVANTAGES: My contact at ____ tells me a major part of their advantage has to do with LMs fast organization and engagement, as well as their well structured business model. When it comes to a vehicle itself, the endurance truck is a first HUB in-wheel powered vehicle, therefore fighting a major space problem other EVs have. This setup features multiple advantages, including superior traction in low-friction surfaces (muddy or slippery conditions). Obviously, that’s a crucial component for a commercially used pickup truck. They are also lighter than other electric motors and are created out of less parts where drivers and operators won't have to deal with the recurring, almost incessant maintenance typical for combustion-engine trucks. Over time, the cost-savings, especially for fleet operators, will be incredibly significant. Other companies like Lamborghini, Toyota, Nissan, Lexus (LF-30) and Kia (Foturon) are announcing their own OEM in-wheel cars. Price-performance is in some ways “better” than their competitors. Subjectively speaking, however, it is not necessarily better at all specifications compared to their biggest rivals Tesla and Riviana. Political background behind this stock is extremely important. In their introduction video, Mike Pence gave a 30 minute speech, and both Trump and Biden have mentioned the vehicle when trying to persuade their Ohio voters. Now even the Ohio governor’s grandson works for LM. Because of the presidential campaigns, we could see more of LM in the major news.
DISADVANTAGES: By moving the motor to the wheels, the Endurance has an unsprung weight dilemma. In a practical view, unsprung components absorb the forces of the road independently to the rest of the vehicle. Thus, this creates potential reliability issues. What is more, the wheels represent rotational mass, meaning they also absorb torque. However, specialists in this field are now uniformed that the problem can be fixed with correctly tuned suspension. There is a lot of competition out there and the product is not jet consumer tested. One californian company did get it for a test ride, but has so far only posted pictures of the product and has not released any additional information.
Source: https://investorplace.com/2020/09/2-pros-2-cons-to-consider-diamondpeak-stock/?fbclid=IwAR2NiT4DlSTIwPqu HeiLvTyvo8L-zFxuQan3PzHO239VtpXiEHTj6Qo_n90 https://www.reddit.com/SPACs/comments/iqxwwp/dphcdphcw_may_enter_correction_territory_next_week/?utm _medium=android_app&utm_source=share
POTENTIAL GROWTH: we are all familiar with some other stocks in this field like TSLA, NIO, SHLL, SPAQ, NKLA(RIP)... that gained up to 550% just in the last year. It is no secret that EV are one of the biggest trends right now. Last November, Lordstown purchased GM's Lordstown assembly plant, a 6.2 million square foot facility capable of producing 600,000 electric vehicles annually. In June, Lordstown unveiled a prototype Endurance pickup truck and has received more than 38,000 preorders representing more than $2billion of potential revenue from commercial fleet customers, the company said. Although you have to take into account that the pre-order will cost you 100$ and is completely refundable. That being said, if they manage to keep at least 15% of the pre-orders until 2021 that translates to a 300million revenue just at the beginning of January. In the official report they are forecasting to produce 107,000 EV by 2024. Electric vehicles have proven to have ridiculass P/S ratios meaning DPHC has plenty of room to grow. My optimistic opinion would aim toward ~$40 before merger puting the market cap at 1,4B. In 2021, if the vehicle proves itself, it could spike to a much higher number. Beware!! this is my personal opinion. It can stay $22 or it can skyrocket like we have seen with SHLL ($54 high) and NKLA ($80 high). Would love to see your prediction in the comments.
RISK: if the merge will not go through the price will for sure drop back to $10, but this is the risk with all SPACs and is not likely to happen with this one. There was also one discussion on this sub claiming that some insiders are in it for the short run and will sell their stocks when the stock reaches its “high”. However, the comments containing such claims have since been deleted and could be misleading; in an attempt to bring the current price down a bit. If you have some information on this, please leave a comment below. Either way, I think this stock will get a nice pump before the merge. Especially due to DPHC management teams political connections and heavy institutionsholding shares such as Deutsche Bank, Glazer Capital, HSBC holdings,JP Morgan Chase&Co...
Source: https://www.nasdaq.com/market-activity/stocks/dphc/institutional-holdings
That is my DD on LM and DPHC. I hope you like it and that the motherators won't remove it for some reason!
submitted by prpic123 to SPACs [link] [comments]

End of day summary - 09/11

The Dow rose 131.06, or 0.48%, to 27,665.64, the Nasdaq lost 66.05, or 0.60%, to 10,853.55, and the S&P 500 advanced 1.78, or 0.05%, to 3,340.97.
Traders at /thewallstreet cheered as volatility returned to the stock market.
The major averages finished Friday's trading in mixed fashion, as dip buyers provided support for the Dow and the continued tech selloff made the Nasdaq the laggard once again. The chances for another round of fiscal stimulus ahead of the election were hurt yesterday after Democrats stopped the passage of the "skinny" GOP package, but the U.S. economy looks poised for a strong rebound in Q3, corporate earnings continue to largely overshoot pessimistic forecasts and the Fed remains "all in," leaving investors to mull the cross-currents.
Similar to the days before, today's price action was technically-oriented given the absence of market-moving news and the losses in stocks like AAPL, -1.3%, AMZN, -1.9%, and MSFT, -0.7% on no specific corporate news. Apple shares fell 7.4% this week.
The difference today was that their losses were offset by relative strength in the cyclical sectors, namely industrials (+1.4%), materials (+1.3%), and financials (+0.8%). Still, when Apple and Amazon are down more than 1.0%, there must be more winners than losers to make a meaningful difference.
There were more of the latter on Friday, as declining issues outpaced advancing issues at the NYSE and Nasdaq. The information technology (-0.8%), consumer discretionary (-0.3%), and communication services (-0.3%) sectors ended the day in negative territory due to their exposure to the mega-cap stocks.
Interestingly, the S&P 500 was down as much as 0.9% intraday and fell below its 50-day moving average (3322). A broad rebound in the afternoon, however, helped the benchmark index turn positive and close above the key technical level.
In TikTok news, President Trump said that the deadline established for China's ByteDance to sell video-sharing service TikTok's U.S. operations would not be extended, Reuters reported. "It'll either be closed up or they'll sell it," the president told reporters, adding, "There will be no extension of the TikTok deadline." MSFT in partnership with WMT and Oracle have been seen as the leading suitors to purchase TikTok's operations in the U.S., Canada, Australia and New Zealand.
Subsequently, Reuters reported that Chinese officials are so opposed to a forced sale of TikTok's U.S. operations that they would prefer to see the app shut down in the U.S. over that conclusion. Reuters noted that China was willing, if needed, to use revisions it made to a technology exports list on Aug. 28 to delay any deal reached by ByteDance.
Electric vehicle hopeful NKLA continued its fight this morning with a short-seller, which now appears to be "short-sellers." Nikola issued a statement in response to claims made about the company by activist short-seller Hindenburg Research yesterday, calling the firm's report "a hit job for short sale profit driven by greed." Nikola, which added that it has "nothing to hide and we will refute these allegations," announced that it has retained law firm Kirkland & Ellis to evaluate potential legal recourse and intends to bring the actions of the short-seller, together with evidence and documentation, to the attention of the SEC. Following the company's press release regarding the response, Andrew Left's Citron Research said via Twitter, "Congrats to Hindenburg for exposing what appears to be a total fraud with $NKLA. Citron will cover half of all legal expenses. You can't SLAPP the truth away. Explains why Milton sold at $10 this June $NKLA response warrants an SEC investigation to maintain integrity of EV mkt." After having dropped 11% on Thursday, Nikola shares fell a further 14.5%.
Meanwhile, CNBC reported that AAPL has updated its App Store guidelines ahead of the release of iOS 14, with one major revision relating to game streaming services. The tech giant said in its revised guidelines that services such as Google Stadia (GOOG) and Microsoft xCloud are explicitly permitted, though under the condition that games offered in the service must be downloaded directly from the App Store, not from an all-in-one app.
Among the noteworthy gainers was Shares of ORCL, which was in focus after the company reported what Barclays analyst Raimo Lenschow called a "surprisingly strong beat" and growth on licenses despite the continued macro uncertainty. NOG, which rose 1.3% after acquiring interests in the Delaware Basin and raising Q3 production guidance. Also higher was CX, which gained 8.3% in New York after Morgan Stanley analyst Nikolaj Lippmann upgraded the stock to Overweight from Equal Weight.
Among the notable losers was AMRS, which dropped 25.8% after responding to a lawsuit filed by Lavvan against the company for patent infringement and trade secret misappropriation. Also lower was CHWY, which declined 9.8% after reporting some cats have tried to take over the company with whiteclaws.
Despite a blowout fiscal Q4 report, PTON were 4.2% lower following last night's from the fitness products and services provider.
Elsewhere stocks were higher, with the Shanghai composite up 0.79% to around 3,260.35 while the Shenzhen component rose 1.57% to about 12,942.95. Hong Kong’s Hang Seng index advanced 0.78% to end its trading day at 24,503.31.

Currency

The U.S. Dollar Index (93.35, +0.01, unch) reclaimed its overnight loss, gaining 0.7% for the week.

Treasury

U.S. Treasuries ended the abbreviated week with modest gains across the curve. The cash session started with some light selling for the second day in a row, but the market recovered from the early dip with ease.

Commodity

Gold slipped on Friday on a lack of further stimulus from the European Central Bank and the U.S. government, but for the week the safe-haven metal was set to end higher. Crude remained on track for a second weekly drop as investors expected a global glut to persist if demand weakens further with rising COVID-19 cases in some countries.

Crypto

Bitcoin is struggling to gather upside traction despite repeated defense of support at $10,000. The top cryptocurrency’s sell-off from the August high of $12,476 looks to have come to a halt near $10,000 over the past seven days.

YTD

  • FAAMG + some penny stocks +21.0% YTD
  • Spoos +3.4% YTD
  • Old man -3.1% YTD
  • Russy -10.3% YTD

CPI

Total CPI increased 0.4% m/m while core CPI, which excludes food and energy, also rose 0.4%. Those gains left total CPI up 1.3% yyr and core CPI up 1.7% yyr.
The key takeaway from the report, which featured the largest increase in the index for used cars and trucks (+5.4%) since March 1969, is that the increase in the all items index was broad-based; nonetheless, annual inflation rates are still running well below 2.0%, so there is still more noise than bothersome policy signal in the August report.

IPO (Most Anticipated)

Week of Sep14-18
  • Company: AMWL Amwell (NYSE) | Leading telehealth company enabling digital delivery of care for healthcare’s key stakeholders | Initial Shares: 35.0 M | Initial Range: $14.00-16.00 | Priced On: NA | Opened: NA | Underwriters: Lead: Morgan Stanley, Goldman Sachs, Piper Jaffray, UBS, Credit Suisse, Cowen
  • Company: BNL Broadstone Net Lease | REIT that acquires, owns, and manages primarily single-tenant commercial real estate properties | Initial Shares: 33.5 M | Initial Range: $17.00-19.00 | Priced On: NA | Opened: NA | Underwriters: Lead: J.P. Morgan, Goldman Sachs, BMO Capital Markets, Morgan Stanley, Capital One Securities, Truist Securities
  • Company: FROG JFrog (Nasdaq) | Developer of an end-to-end, hybrid, universal DevOps platform | Initial Shares: 11.6 M | Initial Range: $33.00 -37.00 | Priced On: NA | Opened: NA | Underwriters: Lead: Morgan Stanley, JP Morgan, BofA Securities
  • Company: SNOW Snowflake (NYSE) | Developer of a data cloud platform that enables customers to consolidate data into a single source to drive business insights | Initial Shares: 28.0 M | Initial Range: $75.00-85.00 | Priced On: NA | Opened: NA | Underwriters: Lead: Goldman Sachs, Morgan Stanley, JP Morgan, Allen & Co, Citigroup
  • Company: STEP StepStone Group (Nasdaq) | Global private markets investment firm | Initial Shares: 17.5 M | Initial Range: $15.00-17.00 | Priced On: NA | Opened: NA | Underwriters: Lead: JPMorgan, Goldman Sachs, Morgan Stanley, Barclays, UBS Investment Bank
  • Company: SUMO Sumo Logic (Nasdaq) | Pioneer of Continuous Intelligence, a new category of software, which enables organizations to address opportunities presented by digital transformation and cloud computing | Initial Shares: 14.8 M | Initial Range: $17.00-21.00 | Priced On: NA | Opened: NA | Underwriters: Lead: Morgan Stanley, JP Morgan, RBC Capital, Jefferies
  • Company: U Unity Software (NYSE) | Leading platform for creating and operating interactive, real-time 3D content | Initial Shares: 25.0 M | Initial Range: $34.00-42.00 | Priced On: NA | Opened: NA | Underwriters: Lead: Goldman Sachs, Credit Suisse, BofA, Barclays, William Blair
Week of Sep21-25
  • Company: PLTR Palantir Technologies (NYSE) | Software developer for defense, intelligence agencies, law enforcement, and commercial enterprises | Initial Shares: 244.2 | Initial Range: NA | Priced On: NA | Opened: NA | Underwriters: Lead: Direct Listing

What's next?

Beer o'clock
Summary scraped from the interweb. Took 0.41 seconds.
submitted by hibernating_brain to thewallstreet [link] [comments]

King of the Weebs: How Japan used anime and the international market to create soft-power and a strong economic sector.

/Neoliberal, the weebs are here. They always have been here. They scare us with their strange words and outlandish behavior. What if I could tell you they could teach us a lesson? This lesson being how a positive worldly image and a consumable mass culture on the global scale will bring in positive economic results. A good lesson of globalism, exporting culture, and building an economic identity. I am approaching this from a cultural anthropological view, since that is my educational background. I hope to briefly explain that the way a nation-state is socially perceived and culturally understood on the global stage has an impact on the nation-state’s economic market. I will be using Japan and its Cool Japan pop-culture sector as the primary basis of this claim.

The Framework

When writing, I always like working from the outside in (and being overly first person). I will start off by asking two questions. One regarding how we give things meaning and the other regarding how power can be used.
On this topic of how a nation is globally perceived, the first question I think is important to ask is, “How do we understand things?” One of these ways is by symbols. Images, stories, and concepts can gain shared meaning among a community and can elicit emotions. These images, stories, and concepts become symbols of the community. People and communities orient themselves around these and ascribe a meaning to them. This is a common anthropological approach called ‘symbolic analysis.’ Lumen Learning has a very strong summery of this:
The theoretical school of Symbolic and Interpretive Anthropology assumes that culture does not exist beyond individuals. Rather, culture lies in individuals’ interpretations of events and things around them. With a reference to socially established signs and symbols, people shape the patterns of their behaviors and give meanings to their experiences. Therefore, the goal of Symbolic and Interpretive Anthropology is to analyze how people give meanings to their reality and how this reality is expressed by their cultural symbols.
For example, when I see a 🌹Emoji attached to a Twitter handle, the symbol elicits a negative emotion and makes me think, “Gee-whiz this take is going to be absolute shit.” This happens because I am part of the /neoliberal community and I am influenced by the way /neoliberal orients themselves around rose Twitter. Japan and its pop-culture are symbols. These pop-culture symbols have come to represent itself around the globe. People orient themselves around Japanese pop-culture in a way that results in a net-positive view.
The next question that I feel should be asked “why does a nation-state being liked matter?” This is where I want to bring in the concept of soft-power. The Brookings Institute has a nice summery of Joe Nye’s idea of soft-power. Soft-power is “getting others to want the outcomes that you want.” It “co-opts people rather than coerces them.” A key example, this is the dumb, silly, poo poo, effort post contest the /neoliberal mods have put on. I was influenced by a power, not by threat of punishment, but by being willing and co-opts/won over by a premium color flair. The fact is the mods exercised a power they had over me. In our case, Japan is a power, thus it has the ability for soft power. This soft power can be utilized in many ways and on different scales. Japan’s soft-power can be deployed on a global scale and for economic benefits.
Japan as a nation has many different cultural aspects. One of these being its pop-culture. This pop-culture has meaning ascribed to it and it is something people can orient themselves around. Japan, as a nation and governmental power, can utilize this symbol in many ways. It can both be deployed domestically and globally. It is my view that Japan uses these pop-cultural symbols and its power status as a well-liked nation to deploy soft-power to benefit its markets.

Part Two, the part that matters

With the framework put into place, I want to establish a few things. The first is Japan is a liked and well respected nation. The second being the reasons why Japan is well respected. Lastly, I want to show that this was leveraged as soft-power to make Japan’s markets and culture relevant on a global scale.

Is Japan well liked?

The fact is that Japan is a well-liked nation, I just want to establish the fact plain and simple. They are liked by the world’s populous and also by world leaders. The data supports it. No fancy words, just data.
We can look at the data collected from The Reputation Institute. The Reputation Institute provides yearly reports on what nation has the best reputation. Japan lands 11th on this list beating out places like Spain, Belgium, and /Neoilberal’s favorites France and Singapore.
In addition, Japan has the world strongest passport. Per the Henley & Partners Passport Index, with a Japanese passport you can enter 191 destinations with visa-free access. To compare, the United States and the United Kingdom are 185 destinations, Canada is 183 destinations, and Peru is 135 (what a meme). It is easy to say people like Japan. In addition, Japan is liked by other world leaders. While there are some nations that do not like Japan, the plain and simple reality is Japan has a very strong net positive view around the globe. This positive view allows for soft-power to take place and allows for Japan to influence the world.

Why is Japan respected?

Considering what I wrote above, the next natural questions are “why is Japan liked” and “how did Japan set up this soft-power system.” Japan is liked for many reasons. My car nut friend stans Japan for the Toyota Corolla (“most well-made car ever”). Gabe Leiws from The Office stans Japan because studying there was the “best year of his life.” This can go on and on. I think we need to pull back and look at the overarching theme. The theme being globalism. Examples of this are seen in post-World War II Japan. It is seen with their embracing of free trade, showing social reform and acting in a positive manner towards other nations.
Coming out of World War II Japan embraced globalism economically and socially. On the economic sides of thing, Duncan McCargo summarizes it well in his book Contemporary Japan:
Broader international conditions played a part in Japan’s remarkable rise. After the war, trade restrictions were reduced, world markets were opened, and international trade entered a highly expansionist period.
Besides exports, Japan was a relevant force in the imports game. The key fact to consider is that Japan lacks many natural resources. In the post-World War II environment, Japan could no longer rely on a small number of choice allies, they had to enter the international market for oil and many textiles. Japan became the new symbol of Asian Capitalism. A shining example of economic reform and an example for their more “troublesome” neighbors.
On the social side things, Japan played ball too. To deepen this picture of a truly reformed nation, Japan established Article 9 of its constitution. This only allows the Japanese military to act in a proportional act of self-defense. This in turn makes soft-power very important to them. In addition, Japan had a keen interest in maintaining and appeasing the world order. One of these ways Japan attempts to maintain the world order is by its international aid system. To quote Duncan McCargo’s Contemporary Japan again:
Japan has pumped huge amounts of development aid into countries with relatively high living standards
One last way I wish to highlight this social relevancy Japan established was with the hosting of the 1964 Summer Olympic games. By hosting the games, it demonstrated that Japan was attaching themselves to the idealism and the symbolic nature of the games itself. As a nation newly reformed, this just compounded the positive feelings others had of Japan, which opened the door to use soft-power as an economic tool.

How has this helped Japan’s economy?

Time for the thing you all been waiting for ANIME! With Japan, as a well-liked nation, a nation that has global pull and influence on many people, as a symbol of good in the world, the Japanese government had the chance to win over the hearts and minds of the world. There are strong economic benefits in doing this and the idea of Cool Japan is a great example. The Cool Japan sector has gained influence over many people through media franchises and also in less tangible conceptual ways. Overall this can be seen through taking a large overview of export data and looking at travel data.
This winning of the hearts of minds on a global scale had massive economic benefits. In Yoshio Sugimoto’s book An Introduction to Japanese Society, he summarizes what Japan is doing.
Japan has now developed cultural capitalism, which relies upon the production of symbols, knowledge, and information as the guiding principle of wealth creation, and focuses upon cultural attraction and activities as the primary motivating factors underpinning consumption
Japan dropped the soft-power bomb, Cool Japan. In short, Cool Japan is the Japanese effort to “increase overseas demand by providing risk capital or businesses across a variety of areas, including media & content, food & services, and fashion & lifestyle” or “promote the nation’s creativity-based industries both at home and overseas
So this is not just anime, it can include fashion, food, music and so on. With that being said, anime and media is one of the best examples. I do want to state, when I say Cool Japan, I am not solely referring to the governmental supported initiative, but I am more referring to the Japanese media and pop-culture’s influence overseas.
Just looking at Wikipedia’s List of highest-grossing media franchises list and these media franchise’s revenue, it becomes clear the economic impact media in Japan has had around the world. Yu-Gi-Oh! (20.3 billion USD), One Piece (20.9 billion USD), Fist of the North Star (22.5 billion USD), Dragon Ball (25 billion USD), Gundam (26 billion USD), Mario (38 billion USD), Shonen Jump Comics (40 billion USD), Anpanman (60 billion USD), Hello Kitty (86 billion USD)
And the most successful media franchise of all time Pokemon (95 billion USD).
While it is very hard to quantify what percent of Japan’s exports is media and pop-culture, there is a lot of Japanese media out there pulling in a lot of money. American journalist Douglas McGray even jokes we should look at Japan in terms of “gross national cool” (GNC) instead of gross national product (GNP). What McGray says does hold some truth since not all of it is quantifiable. As McGray points out “both manga and anime have served as a source of inspiration for such Hollywood movies as The Matrix” and movies like The Last Samurai and Lost in Translation both have also fed into this interest and coolness of Japan. The fact of the matter is Japan and its media exports are commanding attention. It is influencing people overseas and causing people to act in Japan’s best interest.
With that being said, I know you guys are all about the numbers. For this I cite the Marubeni Research Institute (quote from “Cool” Japan's Economy Warms Up by Economic Research Department Japan External Trade Organization JETRO
the institute looked at trade data records, tapes, and other recorded media, books, newspapers, pictures and other printed material, photographic plates and 10 film, cinematographic film, works of art, collectors’ pieces and antiques, as well as data on invisible trade, including royalties and fees, and personal, cultural, and recreational services/credit. It was found that exports and receipts involving these items tripled from 500 billion yen to 1.5 trillion yen between 1992 and 2002. Compared with total exports, which increased by 21% over the same period.
The last numerical indicator that we can look at is travel data. This shows that people want to go and experience Japan. This chart from Nippon.com based off of the National Tourism Organization’s data, shows a growth from a little above 5 million tourists coming to Japan in 2003 to more than 30 million in 2018
To me it is clear that Japan has built some strong economic sectors off the backs of cultural capitalism. A part of this has to do with the media empire Japan has built. They have influenced people to want to be part of and experience their culture, thus winning over their hearts in minds. This is all in thanks to the soft-power Japan was able to build off of the heels of its likable and positive global image.

Short Conclusion

If there is a lesson here it is anime is good… Okay if there is a real lesson here I think it is fostering a positive global image is important. It gives a nation the chance to expand its markets and tap into new economic sources. To me this shows the benefits of embracing globalism. Those benefits being strong economic opportunities, personal investments into new ways of thinking, and a positive image that builds positive feelings. Other nations should take note, Japan has. They have leveraged being a positive symbol around the world into soft-power. This soft-power allowed Japan to make a market of its pop-culture around the world, or as the hip kids call it, Cool Japan. This has had economic benefits. It built what seems like a top-down and bottom-up system of a positive symbolic worldly image and soft-power. Japan’s good image makes its products look good and Japan’s cool products makes Japan look good. So yes, globalism good.
submitted by PM_ME_KIM_JONG-UN to neoliberal [link] [comments]

[USA-NJ] [H] 2DS Console, games for most Nintendo consoles, PS1/2, Nintendo Powers, collectibles [W] CIB's: Fire Emblem, Kirby's Dream Land 2, Mega Man X Command Mission with card, list, offers

Adding a bunch of items since my last post!
I have 90+ confirmed trades. Also, fair warning, these lists are long, I have a lot of stuff for trade! Looking to do fair value but where I have an item that is worn / in poor shape I value that lower than eBay averages due to condition. Also bolded items are hard trades and I usually only trade limited print Switch games for other limited print Switch games (with some exceptions).
p.s. "CIB" means complete, as in including all the booklets and such that were supposed to come in there, otherwise I will clarify what is included. "NIB" means New In Box, aka sealed, "brand new," in the shrink, etc.
p.p.s. If we are going to trade, all I ask is please be honest about the condition of your items. I can provide pictures for anything I have, please be willing to do the same! Thanks!

HAVE

Switch games, accessories, cards
3DS console, games, accessories
3DS boxes and manuals (no games)
DS games and accessories
DS boxes and manuals (no games)
GBA games and videos
GBC games and more
GB games and packaging
Wii U games and packaging
Wii games and accessories
GameCube games, accessories and packaging
N64
N64 boxes and manuals
NES games and accessories
PS3 boxes and manuals (no games)
PS2 games
PS2 boxes and manuals (no games)
PSX games
PSX boxes and manuals (no games)
IBM Tandy
PC
Strategy guides
Collectibles and posters
Comic Books
Random Stuff

WANT

The high priority stuff, all should be CIB unless noted:
The rest:
Pre-order bonuses
Amiibo (want loose)
LRG Cards
Cards for Flinthook, Furi, Slime San, ToeJam and Earl, Golf Story, Dragon's Lair Trilogy, PixelJunk Monsters 2, Lumines Remastered, Yooka-Laylee, The Escapists and Saturday Morning RPG
Limited Print Switch Games (prefer CIB but also fine with NIB, also fine with Best Buy retail versions when applicable)
Other Switch Games (looking for CIB and clean)
3DS Games
DS
GBA
GBC
GB
Wii U
Wii
GameCube
N64
PS3
PS2
PSX
Strategy Guides
I'm happy to look at lists, but these are my priority wants.
submitted by MiamiSlice to gameswap [link] [comments]

Trade responsibly,

Good luck today guys, hope everyone makes some tendies
Edit 8:30PM Thanks for the love and awards guys, hope everyone ended the week off positive, enjoy your weekend.
Of note for Airlines (LUV, DAL, AAL, UAL), the Airlines for Americas trade association says the industry needs “immediate financial assistance” to protect the 11mln jobs it represents.
Of note for Banks (JPM, C, MS, BAC, GS), the Fed is encouraged by a notable increase in discount window borrowing as banks show a willingness to use the window as a funding source to support the flow of credit to households and businesses.
Of note for Car Rental Services (HTZ, CAR), both Hertz and Avis Budget Corp have requested aid from the US government.

Dow Jones

Apple Inc. (AAPL) supply chain is reportedly still facing supply disruptions even as China recovers due to factory closures of suppliers in Malaysia. Elsewhere, it has limited the number of purchases on its iPhones to two per customer in the US and China, according to Canalys.
Boeing Company (BA) is reportedly leaning towards a temporary halt of operations at its twin-aisle jetliner factories due to the spread of the coronavirus, according to people familiar with the matter, in a similar move to Airbus (AIR FP).
Johnson & Johnson (JNJ) Global Supply Chain Officer Wengel announced its supply chain is currently holding steady and meeting patient needs.
Walmart (WMT) announced it is planning to give special cash bonuses for hourly associates for their work during the current conditions with full-time associates receiving USD 300 and part-time associates receiving USD 150, which will equate to USD 365mln. WMT is to also accelerate its next bonus for store, club and supply chain associates which will equate to USD 180mln, overall it will equate to USD 550mln, the co. says. WMT is to also hire over 150k hourly employees as the number of shoppers increases.

Nasdaq 100

Amazon.com Inc. (AMZN)– Some sellers state its decision to stop receiving non-essential inventory in response to the coronavirus pandemic could limit sales they need to make payments on its loans from Amazon.
Tesla (TSLA) announced it decided to temporarily suspend production at its Fremont, California factory and NY Factory after March 23rd. Elsewhere, CEO Musk announced his factories are working on ventilators to address a potential shortage.
United Continental Holdings (UAL)Apollo Global Management (APO) has reportedly purchased part of the airlines USD 2bln loan from a group of banks, according to people familiar with the matter.

S&P 500

Accenture plc (ACN) had its PT cut at a number of brokers, however, they were positive on its ability to continue through the coronavirus crisis.
AFLAC Inc (AFL) American Family Life Assurance of Columbus and New York agreed to acquire Zurich North America's US corporate Life and Pensions. AFL expects the acquisition to be dilutive to 2020 adj. EPS by USD 0.02 to 0.03.
Altria Group Inc (MO) announced it is temporarily suspending operations at its Richmond manufacturing center.
Anthem Inc. (ANTM) announced it is offering up to 80 hours of paid emergency leave for qualifying needs, including if associates are experiencing coronavirus symptoms or for caring for young children whose school has been closed.
AT&T Inc. (T) announced it has cancelled is accelerates share repurchase programme of USD 4bln worth of stock, noting the impact of the coronavirus could be material although it cannot currently estimate the impact onto its financial or operational results.
Bank of America Corp (BAC) announced it is offering additional support for its consumer and small business clients in response to the coronavirus, where clients can request funds including overdraft fees, non-sufficient funds fees, and monthly maintenance fees through deposit accounts. Many customers can also request to defer any payments.
Carnival Corp. (CCL) preliminary Q1 20 (USD): EPS 0.22 (exp. 0.27), revenue 4.8bln (exp. 4.66bln); coronavirus resulted in a net loss of 0.23/shr.
Cintas Corporation (CTAS) Q3 20 (USD): Adj. EPS 2.16 (exp. 2.02), revenue 1.81bln (exp. 1.8bln), gross margin 45.5% (exp. 45.7%, prev. 44.9% Y/Y); announced it is not providing guidance for Q4 20 and it is suspending FY20 guidance due to uncertainty surrounding the coronavirus.
Coty, Inc (COTY) provided an update on the current situation: Expects Q3 20 revenue to fall approximately 20% like for like, with a meaningful impact on profit, it has also withdrawn FY20 guidance. It is recommending to the board that shareholders be given the option to receive up to 100% of their quarterly dividend in kind for the coming two quarters. Its largest shareholder JAB decided to fully repay the loan it used to finance the tender offer in 2019. It is taking initiatives to manufacture hand sanitizer. Notes activations on Amazon have seen US sales nearly double in recent weeks, as well as launching the Kylie skin-care Europe in upcoming weeks; it is also preparing for increased demand post coronavirus.
Danaher Corp. (DHR) announced the US FTC is on board with the acquisition of General Electric’s (GE) Life Sciences Biopharma Business. The closing of the deal is still subject to customary closing conditions as announced in the agreement, but DHR expects the deal to close on March 31st, 2020.
Ford Motor (F) announced it has plans to suspend production in Argentina and Brazil starting next week due to the coronavirus.
Kohl's Corp. (KSS) announced it is to close its stores nationwide through to at least April 1st, although customers will still be able to shop on its App. It also withdrew guidance for Q1 and FY20.
Mylan N.V. (MYL) announced it is increasing production of its malaria drug for potential use to combat the coronavirus.
Occidental Petroleum (OXY) is reportedly planning on naming its former CEO Stephen Chazen as its new chairman as it tries to improve amid weak demand and activism from Carl Icahn, according to WSJ citing people familiar with the matter.
Sysco Corp. (SYY) announced it will donate 2.5mln meals over the next four weeks as part of its response strategy to help against COVID-19. Elsewhere, it has withdrawn its three-year plan guidance due to the impact from the coronavirus.
Tiffany & Co. (TIF) Q4 19 (USD): Adj. EPS 1.80 (exp. 1.77), revenue 1.4bln (exp. 1.36bln); SSS +3%, SSS Ex-Hong Kong +5%, Gross Margin 63.3% (Prev. Y/Y 63.8%). Announced it will not be issuing FY20 guidance due to the pending merger with LVMH

Other

Crowdstrike (CRWD) Q4 19 (USD): Adj. EPS -0.02 (exp. -0.08), Revenue 152mln (exp. 137mln); FY21 Adj. EPS view -0.14 to -0.10 (exp. -0.18), revenue view 723-733mln (exp. 685mln)
Samsung (SSNLF) has reportedly been hit hard by Vietnam’s travel restrictions from South Korea, fueling concerns its Galaxy Note smartphones will fall behind schedule in its largest manufacturing hub outside South Korea
Teva (TEVA) announced it will be donating over 6mln doses of hydroxychloroquine sulfate tablets across the US to meet the urgent demand for the medicine as an investigational target to treat the coronavirus.

Additional US Equity Stories

Of note for casino names (MGM, CZR, WYNN, MLCO); Macau has halved its 2020 gaming revenue forecast due to the coronavirus and predicts a 56% fall from previous year to USD 16bln.
US Steel (X) Q1 20 (USD): Adj. EPS view -0.80 (exp. -0.84), EBITDA 30mln.
Coca Cola (KO) does not expect to meet its FY20 guidance, although does not foresee any near-term interruptions to its concentrate or beverage-based production. Meanwhile, it had its PT lowered at Deutsche Bank to USD 53/shr from USD 64/shr, although the desk reiterated its long-term buy rating.
Ross Stores (ROST) announced it is to temporarilty close all of its stores throughout the US due to the coronavirus.
Dollar Tree (DLTR) announced it is hiring 25,000 associates (both full and part time) to help across its stores in the US.
Synaptics Inc. (SYNA) downgraded to Underweight from Neutral at JP Morgan
Colgate Palmolive (CL) upgraded to Buy from Neutral at BofA
Accenture (CAN) upgraded to Buy from Neutral at MoffettNathansonMonster Beverage
submitted by WSBConsensus to wallstreetbets [link] [comments]

[USA] [H] Games for Switch, N64, GameCube, 3DS/DS, GBA/GBC/GB, PS2/1, 2DS Consoles, collectibles [W] Fire Emblem CIB, Mario Party 2 box and inserts, Zelda Ages CIB, Mega Man X Command Mission with card, list

I have 90+ confirmed trades. Also, fair warning, these lists are long, I have a lot of stuff for trade! Looking to do fair value but where I have an item that is worn / in poor shape I value that lower than eBay averages due to condition. Also bolded items are hard trades and I usually only trade limited print Switch games for other limited print Switch games (with some exceptions).
p.s. "CIB" means complete, as in including all the booklets and such that were supposed to come in there, otherwise I will clarify what is included. "NIB" means New In Box, aka sealed, "brand new," in the shrink, etc.
p.p.s. If we are going to trade, all I ask is please be honest about the condition of your items. I can provide pictures for anything I have, please be willing to do the same! Thanks!

HAVE

Switch games, accessories, cards
3DS console, games, accessories
3DS boxes and manuals (no games)
DS games and accessories
DS boxes and manuals (no games)
GBA games and videos
GBC games and more
GB games and packaging
Wii U games and packaging
Wii games and accessories
GameCube games, accessories and packaging
N64
NES games and accessories
SEGA Genesis
PS3 boxes and manuals (no games)
PS2 games
PS2 boxes and manuals (no games)
PSX games
PSX boxes and manuals (no games)
IBM Tandy
PC
Strategy guides
Collectibles and posters
Comic Books
Random Stuff

WANT

The high priority stuff, all should be CIB unless noted:
The rest:
Pre-order bonuses
Amiibo (want loose)
LRG Cards
Cards for Flinthook, Furi, Slime San, ToeJam and Earl, Golf Story, Dragon's Lair Trilogy, PixelJunk Monsters 2, Lumines Remastered, Yooka-Laylee, The Escapists and Saturday Morning RPG
Limited Print Switch Games (prefer CIB but also fine with NIB, also fine with Best Buy retail versions when applicable)
Other Switch Games (looking for CIB and clean)
3DS Games
DS
GBA
GBC
Wii
GameCube
N64
PS3
PS2
PSX
Strategy Guides
I'm happy to look at lists, but these are my priority wants.
submitted by MiamiSlice to gameswap [link] [comments]

Subreddit Stats: Futurology top posts from 2020-07-20 to 2020-08-18 08:15 PDT

Period: 28.71 days
Submissions Comments
Total 996 30466
Rate (per day) 34.69 989.91
Unique Redditors 340 14747
Combined Score 943720 551391

Top Submitters' Top Submissions

  1. 126624 points, 147 submissions: izumi3682
    1. Why Andrew Yang's push for a universal basic income is making a comeback (43731 points, 3094 comments)
    2. Scientists discover way to make quantum states last 10,000 times longer (22776 points, 1159 comments)
    3. A college kid’s fake, AI-generated (GPT-3) blog fooled tens of thousands. This is how he made it - “It was super easy actually,” he says, “which was the scary part.” (20629 points, 1153 comments)
    4. MIT creates disturbing ‘deepfake’ video of Nixon announcing Apollo 11 disaster (18537 points, 1056 comments)
    5. Machines can learn unsupervised 'at speed of light' after AI breakthrough, scientists say - Performance of photon-based neural network processor is 100-times higher than electrical processor (11076 points, 506 comments)
    6. Elon Musk said people who don't think AI could be smarter than them are 'way dumber than they think they are' (2488 points, 408 comments)
    7. New Perovskite Solar Cell Puts Another Nail In The Natural Gas Coffin (1528 points, 134 comments)
    8. Airships Are No Longer a Relic of the Past; You Could Ride in One by 2023 (451 points, 132 comments)
    9. Anti-aging enzyme discovery raises prospect of lifespan extension (380 points, 95 comments)
    10. As the pandemic endures, mayors across the United States call for guaranteed income (324 points, 61 comments)
  2. 101251 points, 1 submission: nicko_rico
    1. It's time to implement a 4-day workweek, Andrew Yang says. The pandemic has made it important now more than ever. (101251 points, 4992 comments)
  3. 71449 points, 31 submissions: speckz
    1. The push for universal basic income is gaining momentum amid the pandemic - ‘The maliciousness of economic pain is being felt more widely and people are saying, “I don’t want to live in that world,”‘ said Natalie Foster, co-chair of the Economic Security Project (45101 points, 2997 comments)
    2. The Unraveling of America - Anthropologist Wade Davis on how COVID-19 signals the end of the American era (19192 points, 2183 comments)
    3. Indigenous forest defenders turn to high-tech tools to protect Amazon and its iconic jaguar (3790 points, 46 comments)
    4. Universal Basic Income is Capitalism 2.0 - A Universal Basic Income would improve everyone’s lives, increase our free time, empower workers, and ensure everyone has food and a roof over their heads. These are noble goals, but obviously, there’s a downside, or it would already be implemented, right? (1078 points, 409 comments)
    5. Universal Basic Income and the Capitalist Production of Consciousness — We cannot much longer ignore the discomforting truth that the economies we’ve inherited from the twentieth century are poorly designed for the production of human beings. (999 points, 128 comments)
    6. The coronavirus bonus showed me what it’s like not to live paycheck to paycheck - I could focus on things besides survival. (400 points, 90 comments)
    7. Europe's largest 3D-printer prints an entire two-story house - Featuring 90 square meters, the house was printed in one piece with a fixed printer, making it a world's first. (174 points, 24 comments)
    8. Eco-Friendly 3D-Printed Reefs to Rescue Hong Kong's Corals - The new coral reef parts were made of generic terracotta clay. (152 points, 6 comments)
    9. The Great American Sci-Fi: Utopia or Dystopia? - Kim Stanley Robinson discusses the urgency to take collective action. By using our technical capacity, social skills, and knowledge, we have the ability to create a sustainable and just civilization for all life. (93 points, 14 comments)
    10. Japanese construction giant to build massive dam almost entirely with robots - In fact, according to Nikkei, almost every stage of the construction of the concrete dam will involve some sort of automation technology. (68 points, 6 comments)
  4. 63904 points, 92 submissions: Wagamaga
    1. 100% of Colorado is under drought or abnormally dry conditions. “Temperatures, for hundreds of years, are not going to return to 20th century averages. We need to be thinking in terms of more frequent periods of very hot and dry — unlike anything we’ve experienced before,” (28508 points, 1480 comments)
    2. Owner of N.J.‘s largest utility moves to abandon fossil fuel power plants. Friday’s announcement opens up 6,750 megawatts of fossil fuel power plant capacity to potentially be sold off (9824 points, 326 comments)
    3. JetBlue is the First U.S. Airline to Commit to and Achieve Carbon Neutrality for Domestic Flying. “The pandemic reinforces the need to mitigate risks that threaten the health of our business. Our commitment to sustainability has become more important as we prepare for a new climate reality,” (3697 points, 128 comments)
    4. Ban Ki-Moon: "I’m Bewildered That The President Would Imperil America By Abandoning The Paris Agreement". In a remarkable display of unity, almost every nation on Earth has agreed to make critical changes that will help humanity avoid disaster. (3532 points, 435 comments)
    5. Russia’s demographic decline is being accelerated by the pandemic to levels not seen since the 1990s when the country had 500,000 more deaths than births each year. (3389 points, 513 comments)
    6. World’s largest coal mine sees value slashed by £1.4bn amid surge in demand for renewables. ‘Time to think about what comes next for our communities, coal miners, and our revenue streams,’ says US’s Peabody Energy (2271 points, 111 comments)
    7. Despite Covid-19’s grim effects on many industries, the orders for the global offshore wind industry have increased dramatically in the first half of 2020, totalling US$35 billion (£26bn), up 319% on 2019. (1874 points, 37 comments)
    8. Vietnam raises emission reduction target to combat climate change. Vietnam will reduce carbon emissions by 83.9 million tons instead of the earlier 62.7 million tons through indigenous efforts (1509 points, 38 comments)
    9. Oil nosedives while renewables rise. “Net-zero is not just a plan for our environment. It is a plan for our economic competitiveness. And increasingly, this is where markets are going,” (923 points, 56 comments)
    10. Science has a new tool in the fight against climate change: good data. “Scientists were facing a lot of denial and negative comments in the past, then suddenly we learned from the corona crisis that it is definitely helpful to listen to scientists" (738 points, 50 comments)
  5. 57354 points, 14 submissions: dannylenwinn
    1. City of Hartford (In Connecticut US) to build a system that gives every resident access to free, high-speed internet within the next year (41052 points, 1042 comments)
    2. Shigeru Ban of Japan has designed public transparent toilets that looks safe and oddly stunning at night. the exterior glass turns opaque when locked. Users can see whether it is clean and no-one is inside when it is unlocked. (14912 points, 475 comments)
    3. A survey finds 48% of Millennials and 44% of Gen Z’s ranked ‘opportunities for continuing learning’ as a very important component when choosing whether to work for an organization or not, 75% of Gen Z’s interested in holding multiple roles within their company. (1129 points, 73 comments)
    4. China is working out “how to gradually phase out paper money”, developing a plan for a cashless society. The Governor of PBOC Xiaochuan says that "it is an irresistible trend that paper money will be replaced by new products and new technologies. " (100 points, 65 comments)
    5. The Age of Big Internet: a 2018 report concluded that consumers pay less, often with more transparent pricing, for community-owned fiber networks as opposed to commercial ones. (40 points, 2 comments)
    6. Digital transformation is revolutionizing global shipping: 'Maritime companies are developing the next generation of autonomous ships and leveraging artificial intelligence, machine learning, and more to design 21st-century smart ports. ' (20 points, 0 comments)
    7. NASA testing USF technology for possible use on moon: Tampa FL Scientists create OPA technology, which solves the critical need for clean water, food resources and sustainable management of human waste, by recycling human wastewater resources into potable water (17 points, 1 comment)
    8. Cavnue, Ford and GM, supported by BMW, Honda and Toyota set out blueprint for 'Road of the Future' to link Detroit and Ann Arbor (In US) corridor with 40 miles of driverless autonomous cars (16 points, 3 comments)
    9. Google to invest $10 billion in India over the next five to seven years (14 points, 1 comment)
    10. How The Pandemic Accelerated The Shift To Digital Commerce: Digital transformation is inevitable, and the companies that can protect the entire customer journey while delivering exceptional experiences will have the advantage. (13 points, 0 comments)
  6. 53685 points, 1 submission: Coitus_Supreme
    1. US Postal Service files patent for a blockchain-based voting system (53685 points, 3170 comments)
  7. 47518 points, 68 submissions: Gari_305
    1. KFC will test 3D printed lab-grown chicken nuggets this fall (26115 points, 1741 comments)
    2. Potential HIV cure Phase I trial gets FDA green light (19278 points, 482 comments)
    3. The pandemic is speeding up automation, putting jobs in question (295 points, 37 comments)
    4. Coronavirus recession, not robots, set to take jobs from future workforce - "The economy, as we know, is moving more to digitalisation," he said. (214 points, 22 comments)
    5. A "Gravity Suit" Could Protect Astronauts From the Dangers of Weightlessness | RealClearScience (112 points, 27 comments)
    6. A CRISPR first produces squid as clear as glass (98 points, 14 comments)
    7. How AI can accelerate the search for treatments for emerging and intractable diseases - Artificial intelligence (AI) has been a powerful tool in the search for COVID-19 treatments (98 points, 5 comments)
    8. 'Unidentified Aerial Phenomena,' Better Known as UFOs, Deserve Scientific Investigation (97 points, 84 comments)
    9. Material found by scientists 'could merge AI with human brain' (83 points, 27 comments)
    10. Despite Concerns, Law Enforcement Use of Facial Recognition Expands in South Florida (80 points, 7 comments)
  8. 32301 points, 2 submissions: idarknight
    1. The Canadian government is allowing 4 terminally ill patients to use psychedelic mushrooms to help ease their anxiety (32287 points, 819 comments)
    2. Hydrogen-injected natural gas to heat homes in Alberta city next year (14 points, 2 comments)
  9. 30117 points, 5 submissions: auscrisos
    1. Planet Ceres Is An 'Ocean World' With Sea Water Beneath Surface, Mission Finds (7584 points, 506 comments)
    2. ‘Thanks for Flying SpaceX’: NASA Astronauts Safely Splash Down After Journey From Orbit (7541 points, 197 comments)
    3. Ancient Microbes Spring to Life After 100 Million Years Under the Seafloor (6670 points, 411 comments)
    4. Greenland's Ice Sheet Has Melted To A Point Of No Return, Study Finds (4785 points, 466 comments)
    5. Chernobyl Fungus Could Protect Astronauts From Radiation On Deep-Space Missions (3537 points, 140 comments)
  10. 28482 points, 17 submissions: lughnasadh
    1. Swiss scientists develop a new stronger form of concrete that produces much less carbon dioxide as a byproduct of production (17552 points, 477 comments)
    2. Ireland donates the world’s most successful contact tracing app to the Linux Foundation (9253 points, 340 comments)
    3. German study finds trained dogs were able to sniff out Covid-19 infections with 94% accuracy (681 points, 26 comments)
    4. German study shows wheat grown in a 10 layer indoor vertical farm could have a yield 220 to 600 times greater than existing farming methods (540 points, 104 comments)
    5. A Two-Story House Was Printed In One Go By Europe’s Largest 3D Printer (111 points, 11 comments)
    6. Letter from economists: to rebuild our world, we must end the carbon economy | The carbon economy amplifies racial, social and economic inequities, creating a system that is fundamentally incompatible with a stable future (86 points, 9 comments)
    7. Robot developed that 3D prints and grills meat analogues in 6 minutes: ‘We are completely disrupting the supply chain’ (77 points, 8 comments)
    8. SpaceX is manufacturing 120 Starlink internet satellites per month (49 points, 21 comments)
    9. Chinese EV manufacturer Kandi will luanch a $13,000 electric car for sale in the US by the end of 2020 (24 points, 7 comments)
    10. China launches space rocket in ambitious Mars landing mission (23 points, 1 comment)

Top Commenters

  1. unikatniusername (7983 points, 2 comments)
  2. nighteagle2 (7315 points, 2 comments)
  3. HippoKingOfOld (4762 points, 10 comments)
  4. microwaffles (4680 points, 1 comment)
  5. nextcrusader (4007 points, 5 comments)
  6. GeorgePantsMcG (3943 points, 9 comments)
  7. J_Aetherwing (3816 points, 1 comment)
  8. SquarePeg37 (3780 points, 2 comments)
  9. ManOfLaBook (3746 points, 5 comments)
  10. Aleythai (3719 points, 3 comments)

Top Submissions

  1. It's time to implement a 4-day workweek, Andrew Yang says. The pandemic has made it important now more than ever. by nicko_rico (101251 points, 4992 comments)
  2. US Postal Service files patent for a blockchain-based voting system by Coitus_Supreme (53685 points, 3170 comments)
  3. The push for universal basic income is gaining momentum amid the pandemic - ‘The maliciousness of economic pain is being felt more widely and people are saying, “I don’t want to live in that world,”‘ said Natalie Foster, co-chair of the Economic Security Project by speckz (45101 points, 2997 comments)
  4. Why Andrew Yang's push for a universal basic income is making a comeback by izumi3682 (43731 points, 3094 comments)
  5. City of Hartford (In Connecticut US) to build a system that gives every resident access to free, high-speed internet within the next year by dannylenwinn (41052 points, 1042 comments)
  6. The Canadian government is allowing 4 terminally ill patients to use psychedelic mushrooms to help ease their anxiety by idarknight (32287 points, 819 comments)
  7. 100% of Colorado is under drought or abnormally dry conditions. “Temperatures, for hundreds of years, are not going to return to 20th century averages. We need to be thinking in terms of more frequent periods of very hot and dry — unlike anything we’ve experienced before,” by Wagamaga (28508 points, 1480 comments)
  8. KFC will test 3D printed lab-grown chicken nuggets this fall by Gari_305 (26115 points, 1741 comments)
  9. The US has everything it needs to decarbonize by 2035 by FeralCatColonist (24360 points, 968 comments)
  10. The death of the city: Teleworking, not the coronavirus, is making urban living obsolete. by IsaacLeibowitz (23050 points, 2707 comments)

Top Comments

  1. 7957 points: unikatniusername's comment in A college kid’s fake, AI-generated (GPT-3) blog fooled tens of thousands. This is how he made it - “It was super easy actually,” he says, “which was the scary part.”
  2. 7291 points: nighteagle2's comment in It's time to implement a 4-day workweek, Andrew Yang says. The pandemic has made it important now more than ever.
  3. 4680 points: microwaffles's comment in The Unraveling of America - Anthropologist Wade Davis on how COVID-19 signals the end of the American era
  4. 3863 points: nextcrusader's comment in It's time to implement a 4-day workweek, Andrew Yang says. The pandemic has made it important now more than ever.
  5. 3816 points: J_Aetherwing's comment in US Postal Service files patent for a blockchain-based voting system
  6. 3778 points: SquarePeg37's comment in The US has everything it needs to decarbonize by 2035
  7. 3659 points: Aleythai's comment in Machines can learn unsupervised 'at speed of light' after AI breakthrough, scientists say - Performance of photon-based neural network processor is 100-times higher than electrical processor
  8. 3641 points: ManOfLaBook's comment in It's time to implement a 4-day workweek, Andrew Yang says. The pandemic has made it important now more than ever.
  9. 3575 points: Dwarfdeaths's comment in US Postal Service files patent for a blockchain-based voting system
  10. 3394 points: CummingDownFromSpace's comment in Machines can learn unsupervised 'at speed of light' after AI breakthrough, scientists say - Performance of photon-based neural network processor is 100-times higher than electrical processor
Generated with BBoe's Subreddit Stats
submitted by subreddit_stats to subreddit_stats [link] [comments]

[USA] [H] Sealed 2DS XL, Games for Nintendo and PS systems, gaming collectibles, comics [W] Mega Man games for GC / PS2, Xenoblade 2 SE, Fire Emblem GBA games, more, lists

I realized I have a massive Mega Man sized hole in my GameCube and PS2 collections. I'm also still on the hunt for Xenoblade 2 Special Edition. I'm looking to get that and some other high end stuff that has been eluding me for a while, so I'm bringing out some heavy hitters in exchange. I only want to trade bold items for bold items. I also may be willing to add cash in some instances, but would really like to trade!
I have 90+ confirmed trades. Also, fair warning, these lists are long, I have a lot of stuff for trade! Looking to do fair value but where I have an item that is worn / in poor shape I value that lower than eBay averages due to condition.
p.s. "CIB" means complete, as in including all the booklets and such that were supposed to come in there, otherwise I will clarify what is included. "NIB" means New In Box, aka sealed, "brand new," in the shrink, etc.

HAVE

Switch games, accessories, cards
3DS console, games, accessories, packaging
DS games and packaging
GBA games and accessories
GBC games and more
GB games and packaging
Wii U games and packaging
Wii games and accessories
GameCube games, accessories and packaging
N64 loose games
N64 booklets
Most of these have wear
NES loose games and accessories
Pictures of most items here
SEGA Genesis games
PS3 games
PS2 games
Pictures of most games here
PSX games
Pictures of most games here
IBM Tandy
PC
Strategy guides and gaming magazines
Pictures of most guides here
Collectibles and posters
Comic Books
Random Stuff

WANT

The high priority stuff, all should be CIB unless noted:
The rest:
Super Mario Maker 2DS console either CIB or loose with stylus
Pre-order bonuses
AC Amiibo Cards
Mario Sports Amiibo Cards
Amiibo (want loose)
LRG Cards
Cards for Flinthook, Furi, Slime San, ToeJam and Earl, Golf Story, Dragon's Lair Trilogy, PixelJunk Monsters 2, Lumines Remastered, Yooka-Laylee, The Escapists and Saturday Morning RPG
Limited Print Switch Games (prefer CIB but also fine with NIB, also fine with Best Buy retail versions when applicable)
Other Switch Games (looking for CIB and clean)
3DS Games
DS
GBA
GBC
Wii
GameCube
N64
PS3
PS2
PSX
NGPC
may also be interested in other games CIB...
Strategy Guides
I'm also happy to look at lists, but these are my priority wants.
submitted by MiamiSlice to gameswap [link] [comments]

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