Another TBB post featuring the most eclectic links around the web such as the business travel woes, the most remote bars, hideous celebrity crypto shilling, all the bank transfer partners, countries are opening and we have entered the acceptance phase of the pandemic, “technical” analysis in investing, a bizarre tale involving scammers starting a ballet school, all about boosters and tests, how it is tripping on psychedelic substances, why the Afghan army did not fight, farmland in the US and all the languages out there, book Hyatt properties now with your points, more on shutdowns and we catch up on some personal news. Thanks to the two monthly Paypal donors and the two readers who got the 100k Chase Sapphire Preferred card with my links (sadly, the 100k offer is dead unless you are visiting a Chase bank branch).
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The theme today may well just be that we are entering the acceptance phase of the pandemic…
This is an excellent illustrated guide about how important business travel is for the airlines: Why airlines need business travel to return. Yes, some of it is coming back. No, a big part of it is likely never coming back so adjust accordingly and be prepared for higher airfare going forward…eventually.
Another site to keep track of the changes in the pandemic travel rules around the world: When Will International Travel Resume? A Country-by-Country Guide to Reopening Borders.
Beer in these places anyone? Planes, Trains and Yaks: Five of the World’s Most Remote Bars. An Irish pub at Mount Everest and a totally hipster type “bar” somewhere in Sweden just south of the Arctic circle, oh my!
I personally feel that investors using charts (or, technical “analysis” to make it sound more sophisticated) is a bunch of malarkey. But if it works for them, you know, it is a free country I guess. Anyway, this is pretty good “Reading Tea Leaves“.
The obvious question: If technical analysis doesn’t work, why do so many folks still use it? I think there are three key reasons.
First, we’re hardwired to search for patterns—an instinct we inherited from our hunter-gatherer ancestors—and technical analysis appeals to that instinct
Second, we hunger for a sense of control.
Third, for investments that don’t kick off a stream of income and never will—and hence there’s no way to calculate a fundamental value—technical analysis is all that’s left. Holders of stuff like bitcoin and gold are stuck looking at their charts and asking, “Is there any reason to imagine the price will rise, so I can unload this turkey at a profit to some greater fool?”
Sometimes, when I watch TV (which is very rarely these days), a washed up celebrity short of money will appear in an ad to pump some worthless shit. Or even current celebrities will do the same thing because I guess they just can’t say no to more money? It is beyond pathetic imho! And then we get another level of assholes that just could not say no to the latest mania with the juiciest promotion fees…crypto! This article’s headline captures my feelings towards this: Celebrity Crypto Shilling Is a Moral Disaster. Why are the regulators letting all this obvious scam non sense going on is beyond me.
Celebrities are lending their names and promotional talents to everything from NFTs to crypto exchanges to their own custom coin offerings. Together they are communicating something clear but terribly misleading: that cryptocurrencies, and the many shady areas of this gray-market economy, offer a path to sustainable riches. The truth is almost always the opposite. Scams are practically endemic in the crypto world. One recent report estimated losses in DeFi (or decentralized finance, a booming crypto subindustry) at $681 million in the first seven months of this year. That follows billions of dollars in crypto losses in recent years to criminal behavior—hacks, frauds, or “rug pulls,” in which crypto project leaders simply abscond with funds.
Just be careful out there, okay?
This is a bizarre tale full of weird people, “love”, God, Trump, guns, dead bodies, scams and, you know, “real” life: When Doug and Ashley Benefield Started a Ballet Company, It Wasn’t Supposed to End in Death. For a little while I feared my daughter would choose ballet for a career, phew!
The Charleston-based evangelicals had much in common: guns, God, Trump. What went wrong, only one of them could say.
Like I said, we are Entering the Acceptance Phase of the Pandemic. Countries slowly opening up, workers slowly returning to offices, business travel slowly increasing and more…
Another horrific illustration: The Pandemic in the US in 60 Seconds.
This is a great podcast answering questions from people in a simple non scientific manner: Boosters, Tests, and the Holidays: Your COVID Questions Answered.
But…what happens if the virus surprises us again?
ODDZ & ENDZ
The author goes on a psychedelic trip and writes about it, sorry no video. Out There and Back: My Psilocybin Journey into Forgiveness. Maybe this is what I need to take to help me stop blogging here you guys…
Welcome back to this series about psilocybin, my personal journey with plant medicine, and the future of mental health. Last week, I had my first journey with psilocybin and what follows is a detailed trip report.
The authors have been covering Afghanistan for decades. “Why the Afghans Did Not Fight”. Or, to be more precise, How American “help” turned the Afghan army into sitting ducks. Must read to understand what happened imho.
If you are into farms or just plain curious…what a visual! US County Farmland vs Total Land Area.
MILES & POINTS
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This section is about my
hobby addiction of collecting frequent flyer miles and hotel points since the early 1990’s! Feel free to skip this section and parts of the next one if this is not for you.
Newbies: The big travel rewards credit card signup bonus offers are slowing down, the outlook for this hobby in 2022 does not look good IF the pandemic slows down…Maybe grab what you can get and ALWAYS remember that to WIN playing these games means you NEVER EVER pay a penny of interest to the banks, ALWAYS pay off the full balance on your credit cards.
I think this is a good review of each bank’s currency: Which bank offers the best transfer partners? Personally, I am good with United and Hyatt (and sometimes Southwest) with Chase Bank’s Ultimate Rewards points…Meanwhile, the shift is continuing to increase the annual fees while loading up the premium cards with all kinds of coupon “credits”: American Express Business Platinum New $695 Annual Fee, $400 Dell Credit & More.
If you have plans to book something on Hyatt maybe you should do it soon? Hyatt Peak/Off Peak Pricing (Book Now). The program is way too valuable and it will NOT get more valuable… #hint. Also, do this with AA too, you have been warned.
Andy The Lazy Traveler does a weekly summary of the most important developments in the Miles and Points world and you can save yourselves so much time clicking on the numerous crap floating out there! Best in Miles, Points, Credit Cards, Travel and More: Around the Web Oct 3 — Oct 9 2021.
We are now entering BLOG BUZZ, a section for advanced hobbyists and veterans of this fast imploding hobby and also a section where I go on and on about some stuff that happens in my life because it helps me feel better about myself.
The big news in this hobby was how a particular bank with a name abbreviated in just four letters went all out on closing cardholder accounts that were opened by a particularly greedy salesman employee. More here: AmEx Shutdowns: New Details and What I’d Do. And more on how to get your money out from that particular bank…
Sometimes I feel like a travel agent for my family. We were set to send my wife and daughter to Honolulu over Thanksgiving but it looks like my son needs to be in Las Vegas and Denver and then from there may start again business travel with first trip going back to New York City. Maybe he can salvage keeping his AAdvantage Pro elite status, very long shot. He could by putting $15k spend on the AAdvantage Platinum Mastercard but we are just not going there, not worth it. I managed to find him a cheap one way non stop Honolulu to Las Vegas flight booked with just 14,799 Southwest points. $25 early bird checkin will be reimbursed by his Amex Platinum. Then I told him to book Spirit to Denver for $22.40, about $60 all-in! He is okay with Spirit, he flew them back in college. We are not elitists around here you guys lol. We need to have a family meeting to talk about Christmas plans…
I have 4,690,402 miles/points in the bank and I have redeemed 767,767 miles/points year to date. I think I am doing fine and it is time to taper… 🙂 I need to figure out 2022 travel goals, I wish all countries were open…
Big weekend with the Detroit Half Marathon on Sunday. I ran 10 miles yesterday and I am supposed to rest today and tomorrow and then, my biggest test yet, I am supposed to run another 8 miles on Saturday, all in preparation for the full marathon in Athens Greece next month. So, on tap for 21.1 miles this weekend, help me God! I am so behind in training and I am going for it…praying to avoid injury. Now if only the 100k Chase Sapphire Preferred card would sponsor me lol.
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Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.