I'm guessing he invested heavily all over the world to protect himself against this very realistic issue with Russian's currency.

 

Isnt he an oil and natural gas Oligarch? Their economy may be going into the crapper, but if he holds on to that stuff, he will probably be ok

Isnt he an oil and natural gas Oligarch? Their economy may be going into the crapper, but if he holds on to that stuff, he will probably be ok

 

metals was the place he made his money.

Isnt he an oil and natural gas Oligarch? Their economy may be going into the crapper, but if he holds on to that stuff, he will probably be ok

Is that sarcastic or semi sarcastic? Oil has dropped in half in like 3 months and all signs point to it continuing to further crash. Long-term, value will still be there and it will eventually recover (as demand grows and some of the other avenues of supply drop out due to them no longer being cost efficient, prices will recover a bit) but I would not say that with him invested in that, that he is in a good position from a pure liquidity perspective...very much the exact opposite, which is probably why he wants to pull cash from his basketball franchise (whose value isn't near as deflated as say the Russian economy or oil).

 

PS: I have no familiarity with his actual investments...just going on what was stated in here.

Is that sarcastic or semi sarcastic? Oil has dropped in half in like 3 months and all signs point to it continuing to further crash. Long-term, value will still be there and it will eventually recover (as demand grows and some of the other avenues of supply drop out due to them no longer being cost efficient, prices will recover a bit) but I would not say that with him invested in that, that he is in a good position from a pure liquidity perspective...very much the exact opposite, which is probably why he wants to pull cash from his basketball franchise (whose value isn't near as deflated as say the Russian economy or oil).

 

PS: I have no familiarity with his actual investments...just going on what was stated in here.

 

FWIW, I am looking at buying intermediate term crude oil call options. The contra-trader in me keeps thinking that there is no way oil stays this low for a long time.

whoa, what thread is this

Off topic but what the hell happened to oil?

FWIW, I am looking at buying intermediate term crude oil call options. The contra-trader in me keeps thinking that there is no way oil stays this low for a long time.

It will eventually move but I think it will be a long time (3-5 year) before we see any sustainable increases. I think we'll see oil bottom out around 25 and hover in the 30-40 range for quite a while. At some point the higher cost outfits will go under, demand will increase (along with your decreased supply) and prices will recover. However, in this current era, unless the Saudi's take an abrupt hike from their planned policy, nothing is going to stop the short to medium term drop, imo.

 

The real question is when will that recovery happen (cause Mike...like you, it will definitely happen...I don't know that it will get back, adjusted for inflation, to the high's of this era.

https://vine.co/v/ODjKdzzDMnO

 

Oh snap

So.....Cleveland is under .500 almost half-way through the season.

Our old friend Nate Robinson traded to the Celtics for Jameer Nelson.

The Hawks rested 3 starters tonight (their coach Mike Budenholzer is a Popovich guy) and still had 34 assists on 42 made baskets. That's frankly astounding. Budenholzer might be one of NBA's best kept secrets.

Our old friend Nate Robinson traded to the Celtics for Jameer Nelson.

 

Sounds like Robinson is going to aim for a buyout to sign a deal with a contender.

Sounds like Robinson is going to aim for a buyout to sign a deal with a contender.

I would take him back. We need an extra insurance policy in our back court, imo.

I have a feeling tonite is gonna be a dirty game

So.....Cleveland is under .500 almost half-way through the season.

But they are going to the ECFs!

 

I don't look like quite the idiot now when I kept saying during the summer that they wouldn't be that good this year

I would take him back. We need an extra insurance policy in our back court, imo.

 

To be honest, I'd prefer a Keith Bogans to a Nate for our bench.

To be honest, I'd prefer a Keith Bogans to a Nate for our bench.

 

The bench as it is now has plenty of Offensive guards. Defense would definitely be my first choice.

But they are going to the ECFs!

 

I don't look like quite the idiot now when I kept saying during the summer that they wouldn't be that good this year

 

Chill out dude. The Bulls aren't the lock you think they would be as well. The Cavs will be in the thick and thin of the road to ECF with a healthy Lebron.

Chill out dude. The Bulls aren't the lock you think they would be as well. The Cavs will be in the thick and thin of the road to ECF with a healthy Lebron.

No they won't. A healthy LeBron can't change the fact that the Cavs have weak bigs, a healthy LeBron won't help Kyrie and KLove not suck on defense, a healthy LeBron can't change the fact that the East top teams are actually good this year...

No they won't. A healthy LeBron can't change the fact that the Cavs have weak bigs, a healthy LeBron won't help Kyrie and KLove not suck on defense, a healthy LeBron can't change the fact that the East top teams are actually good this year...

 

Back to the "he has no help" meme.

Can we figure out how to get DRose to not suck at defense. He used to be elite their (and always was underrated) and right now is as bad as it gets. I think the biggest problem of our defense is what opposing point guards have been able to do and how much it has put the rest of our defense in horrific positions.

I would take him back. We need an extra insurance policy in our back court, imo.

He's headed to the Clip Joint - so you can see him plenty in person!

Can we figure out how to get DRose to not suck at defense. He used to be elite their (and always was underrated) and right now is as bad as it gets. I think the biggest problem of our defense is what opposing point guards have been able to do and how much it has put the rest of our defense in horrific positions.

Go back in time and make both of his knees not explode, then have him focus on that instead of ugly three point jump shots.

Can we figure out how to get DRose to not suck at defense. He used to be elite their (and always was underrated) and right now is as bad as it gets. I think the biggest problem of our defense is what opposing point guards have been able to do and how much it has put the rest of our defense in horrific positions.

 

When you have as much talent as he has, defense is all between the ears.

When you have as much talent as he has, defense is all between the ears.

I think right now he just looks goofy and still looks like he is thinking about his knees a lot and being in crowded areas / traffic and as a result doesn't always take the right angle / make the right decision from a defensive perspective. He also looks like he is "coasting" way too much on defense.