Back to the topic ! Bought CD @ Chucks' place for 1 year, 4.7% . I didn't see that much of an increase to go farther (?) out. I have one maturing tomorrow so just added a bit to the old CD.

Sharing on how to import images helps everyone. Here is how I do it on Chrome or Safari browsers:
1. click on the image in the article and it brings up an URL on the browser bar above.
2. copy the URL and paste into the green "picture" icon above
2. Run a preview to make sure the picture is loaded properly.
This works on my desktop and iPad. Enjoy
By the way, I have been buying 13 weeks, 26 weeks and 52 weeks treasury bills as a ladder at auction. Make sure you put in the orders the evening before the auction date. Here is the schedule posted by @yogibearbull in his earlier post.
https://home.treasury.gov/system/files/221/Tentative-Auction-Schedule.pdf
Last week I am late to get the best CDs and purchased only $500. There are new offerings this week. Treasuries at auction is huge where million $ transactions is common among the professional traders.

@Crash- Pictured below is the imgBB screen that you should see after creating your folder. I've noted (in red) the steps necessary to make an image from that folder available for view on MFO. Note that if you delete that image from your folder it will no longer be seen on MFO either.

And the ability to create graphics like this is exactly why I've wanted something like imgBB.
Thanks again, Yogi!

"IEP units holders are responsible for taxes on the partnership income. Income taxes for certain operating corporations that the partnership controls do pay taxes, if any, at the corporate level. Unit holders receive an annual K-1 Schedule (Form 1065)."

Is IEP classified as a stock or master limited partnership for tax purposes? I'm trying to avoid receiving K-1 tax forms !

@Old_Joe +1

@yogibearbull- Thanks very much for that suggestion. For a long time I've been unsuccessfully looking for a resource like ImgBB.
And it works! My favorite steam engine- Southern Pacific "Daylight" 4449:
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And a test from a screen capture:
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For images without address/URL, one can take screenshot, upload to an image hosting site (e.g. free ImgBB). Then use the address/URL from there and follow the steps in the previous post.
More https://www.mutualfundobserver.com/discuss/discussion/59179/posting-images#latest

Interesting pick @rforno. Has IEP sold all or just some of its casino holdings? I see that they bought a worthless(?) Trump property in 2016.

Yup - sold it to, IIRC, Hard Rock. Still took a loss on it, though.

Interesting pick @rforno. Has IEP sold all or just some of its casino holdings? I see that they bought a worthless(?) Trump property in 2016.

This is the graph @sma3 was referring to.

I have found this guy's daily market commentary very worthwhile. Other than a trading perspective on the market, which I don't use much he has other tidbits. Today he notes that speculators have shorted two year treasuries futures in large amounts, betting that the fed funds rate is going to go up in the next year.
Nice graph of what market thinks fed funds rate will be out to 2024. Will hit 3.6 after peaking at 4.9 Or higher?
https://realinvestmentadvice.com/target-fedex-and-amazon-caution-about-the-holidays
"Short sellers are betting that Fed Funds futures are underestimating the Fed’s resolve. They must believe that Fed Funds will peak above 4.91 and or not decline as much as futures imply."

Ahhh, I see. Perhaps this is the Asia play to make now: https://reuters.com/markets/deals/buffetts-berkshire-discloses-big-taiwan-semi-stake-2022-11-14/

Initiated starter position in IEP at 51.50 following today's ex-div. Always wanted to join Uncle Carl's diversified hedge train; and his son's doing a solid job as his presumptive successor, too.

For the week ending on 11/16/22, bearish remained the top sentiment (40.2%; high) & neutral became the bottom sentiment (26.3%; below average); bullish became the middle sentiment (33.5%; below average); Bull-Bear Spread was -6.7% (below average). Investor concerns: Inflation (high but moderating); supply-chain disruptions; recession; the Fed; dollar; crypto chaos; divided Congress; market volatility (VIX, VXN, MOVE); Russia-Ukraine war (38+ weeks); geopolitical. For the Survey week (Thursday-Wednesday), stocks were up strongly, bonds up strongly, oil down, gold up strongly, dollar down sharply. #AAII #Sentiment #Markets
https://ybbpersonalfinance.proboards.com/thread/141/aaii-sentiment-survey-weekly?page=8&scrollTo=835

@ProtonAnalyst33
If you're referring to Andrew Foster, he is not at Matthews but Seafarer. Also, none of the posts or linked articles here are by Foster. The first is by Nicholas Borst at Seafarer. The second is a Morningstar article by Lauren Solberg and the third you're quoting is a 'Points of Return' newsletter by John Authers at Bloomberg.

I'm referring to Andy Rothamn, who is at Matthews. Observant1 referred to him in his post above, e.g. China bull case.

Not to worry - SBF was generous with his political contributions:
"Sam Bankman-Fried and his fellow FTX executives followed the well-established lobbying playbook of spreading money around Washington — at least $70 million on 2022 campaigns, with three sources saying there was much more in “dark money” — to make friends with whoever ended up in power, regardless of the outcome of the elections.
Sam Bankman-Fried is a Democrat, and he spent at least $40 million supporting the party."
https://www.nbcnews.com/politics/politics-news/vegan-canapes-fat-donations-sam-bankman-fried-won-washington-lost-ever-rcna57551

And now for a potential China "bull case"...
The following excerpt is from the 'Points of Return' newsletter (John Authers) published today.
That leads to a final question: Why would anyone be bullish about China at present? Its problems are evident, and most international investors will justifiably hate the current political direction. Andy Rothman, investment strategist and veteran China-watcher at Matthews Asia, agrees that watching for progress on Covid Zero, and particularly for a pickup in vaccination rates, which have been falling, is most important. Providing the country can find a way out of lockdowns, he offers the following “bull case” for 2023:
China is likely to remain the only major economy engaged in serious easing, while much of the world is tightening.
Chinese households have been in savings mode since the start of the pandemic, with family bank account balances up 42% from the beginning of 2020.
Those funds should fuel a consumer rebound, and an A-share recovery, as domestic investors hold about 95% of that market.

I've been following Andy since his days at CLSA. I'm a fan of his story telling. However, he's lost a lot of credability over the years. When have you EVER heard Andy NOT be BULLISH on China? There is optimism...and there is being biased or saying what you want to happen. Andy has become much more the latter.
Plus...he now works for Matthews, which has a vested interest in saying "China is a great asset class". Perhaps the combo of Andy being now at Matthews makes me more skeptical (plus, Matthews has had a mass exodus of portfolio management talent...yet Andy for some reason stays).
Andy has to change things up every once in awhile or he sounds like a biased broken record.

Wow! Per their website, Matthews assets down to $13 billion as of October 31, 2022! They were near $30bn in 2020 when I was last in their offices right before covid!
Markets definately haven't helped, but that's a lot of client redemptions! Apparently many have the same concerns we do.

I still know a few fund managers at Matthews...there is hardly anyone good left there, and the good ones are actively looking for new opportunities (or so I hear).
Not suprising. The firm has gone down the toilet unfortunately. They brought in a new CEO this summer, but way too late as former CEO Bill Hackett and his management team were apparently asleep at the wheel for 10 years, which finally drove a number of key portfolio managers to greener pastures.
I agree with others. New CEO obviously trying to make up for lost time and try new products. However, the foundation of the firm has departed and the remaining lot is rotten. When they'll get rid of Robert Horrocks is a question I've been asking for years now.
I've moved my clients who seek Asia and Emerging Markets exposure to other managers. 20 years ago, Matthews was the only game in town. Thankfully, competitors have really improved their Emerging Markets expertise, meanwhile Matthews never evolved. There are plenty of other good options out there.
A sad story of how not to lead an investment firm, but as investors, we're fortunate to have plenty of other options.