Post by
mouserman on Feb 11, 2022 5:02pm
LFE unit Nav to FEB 11= approx: $15.46
My spreadsheet still shows a gain of 10 cents since the JAN 31 update, and that puts the commons value at $5.46. Some fear-mongering in the press about Russia sure to invade Ukraine, AND One the FED RESERVE talking heads wants a 1 % interest rate jump right now...to battle inflation. Cares not about how that affects the unemployed /underemployed public or businesses who are about to close the doors in the US.
I suspect no interest rates until mid march, and then it will be 50 basis points at max...and watch the markets crash, and then they wait until the fall to try it again.
Dont believe that banks are safe in this scene... maybe gold, and some of the other commodities.
Takes lots of silver and lead for war machines.
Comment by
kurtwalter on Feb 12, 2022 9:04pm
Apparently MFC and SLF had losses because the increase in mortality because of Covid. Never thought of that... Thanks for the NAV calculations.