Ron_Artest

Miller bet that Kodak would be worth $100 per share ten years ago. He had to dump Leg Mason's 25% ownership of the imaging company for $3.89 a share. The fund realized $551 million in losses in the sale. Eastman Kodak was once a blue chip stock, but the company has struggled to remain relevant in a mostly film-free world.

Bill Miller invested approximately $300 million in Enron stock during the fall of 2001. He began purchasing shares when the stock price was in the low teens and continued buying as it declined to around $3 per share. Miller's average cost basis was about $7 per share. Ultimately, he sold the position at approximately 80 cents per share, resulting in a loss of about 89%

In March, 2008, Bill Miller loaded up on Bear Stearns for about $30 a share. Not a bad price, considering that it was going for $154 a share not long before. Unfortunately, Bear Stearns collapsed just days later and the Fed had to broker an embarrassing deal that sold the investment house to JP Morgan Chase for an insulting $2 a share.

Bill Miller once told CNBC, “I ruled out a return to the Depression, just as I ruled out a return to the Civil War.” In late 2007, he ignored the warning signs and the well-intentioned alarm from his investors and kept buying Washington Mutual, AIG, Countrywide, Wachovia, and Citigroup and 8% of Freddie Mac.

Ford Motor on Wednesday said it is raising prices on three models produced in Mexico, pointing to higher U.S. tariffs on imported vehicles as one reason for the adjustment. The vehicles subject to the price increases of up to $2,000 per model include the Maverick, Bronco Sport and Mach-E, Ford said in a statement to CBS News.

Medicaid cuts will not go over well with the masses. The budget was supposed to get passed before memorial day but now it's looking like August. I too think that once shelves go empty and people start paying tariffs sentiment will turn and he'll cave, but it's enough to cause a mild recession at this point. Disaster is if his brain is so far diminished that he fights till the end on this.

If he declares victory and cancels all his tariffs AND gets his tax cuts passed, then I think you're right. Both are a big IF right now, IMO.

Bro completely ignored when we've seen a greater than 20% sell off. But yes the long term trend from the 1800s is positive sure

From what I've read it's not a deal it's just a framework which includes the 10% tariff. We'll wait and see but I'm not optimistic for anything that comes out of that idiots mouth.

Bullshitt. Why would I want my investments to suffer? Why would I want to lose my job? Why would I want my kids, family and friends hurt? Idiot. Tim and I have been right. These tariffs have been terrible for the economy and we're heading into recession.

I don't want the market to crash stop lying. I am invested in the market. I want a strong economy.

They were lower. Market goes up and down bruh. You can't predict it. You should know you tried and failed.

A complete lack of self awareness and honesty. Eternal doosh.

Trump only does things that benefit the US

So you don't know the details but you're saying this will benefit the US?

Explain to me how this trade deal helps the US

Trade deal incoming with the UK. One of the few countries we actually had a trade surplus with Hopefully this is the victory declaration that allows him to drop all the tariffs. Maybe it means little girls can now have 3 dolls and 7 pencils.

Google stagflation and then think about how nothing else matters for the midterms.

He's clearly full of shít just cucking for his daddy

Or it happens to you or someone you care about.

You mean compression?

I just shared the opinion of the fed chair.

You're accusing the Chair of the federal reserve of spreading panic?

“The Committee is attentive to the risks to both sides of its dual mandate and judges that the risks of higher unemployment and higher inflation have risen,” the post-meeting statement read. Wednesday’s announcement coincides with increasing worries that a global trade war could send prices higher, complicate the central bank’s path toward bringing inflation down to its 2% goal. Fed Chair Jerome Powell said during his post-decision press conference that if the “large increases in tariffs” that have been announced remain at their current levels, they could lead to a slowdown in economic growth, an uptick in long-term inflation and an increase in unemployment.