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Thread: You cannot ignore economic reality.

  1. #111
    Join Date
    Jan 2017
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    4,130

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    Moody's downgrades the outlook for global investment banks
    to "stable" from "positive." Inverted yield curve does not help
    them either.

    https://www.cnbc.com/2019/08/27/mood...ent-banks.html

  2. #112

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    I think the banks will be just fine. I like the article about the savers, what hogwash that they would blame people who save money for sluggish economy, which really isn't sluggish. If yah read anything, read the last paragraph.

    https://www.cnbc.com/2019/10/06/mill...es-report.html

  3. #113
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    IMF: Due to easy money policy, companies borrowed a lot.
    19 trillion $ of debt is owed by companies which cannot cover
    even the interest payments.

    https://www.dailymail.co.uk/money/ne...IMF-warns.html

    My note: this is huge !

  4. #114
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    Jan 2017
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    How is the world going to look like in 2030 ?

    The greatest economies:

    1. China
    2. India
    3. USA
    4. Indonesia
    5. Turkey
    6. Brazil

    https://www.visualcapitalist.com/wor...conomies-2030/

  5. #115
    Join Date
    Mar 2011
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    3,191

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    Personal debt is a curse, personally and to the economy in general. I have one debt, home mortgage, nothing more, and I could pay it off tomorrow if I wanted/needed to. Sometimes I wonder why I keep getting the "reduce my credit card debt" robo calls. . . . They must use a shotgun approach to their prospective market, no research, or just believe that since a high percentage are debt ridden they'll just call everyone. When I quickly tell them this, they stutter/stammer then hang up.

  6. #116

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    Quote Originally Posted by oak333 View Post
    IMF: Due to easy money policy, companies borrowed a lot.
    19 trillion $ of debt is owed by companies which cannot cover
    even the interest payments.

    https://www.dailymail.co.uk/money/ne...IMF-warns.html

    My note: this is huge !
    They never had seen the problem before? Ask the GOVERMENTS to interfere? Must be kidding.
    How can one expect them to do what belongs to the realm of Central banks and financial institutions?
    Golditiki2+++

  7. #117
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    Quote Originally Posted by golditiki2 View Post
    They never had seen the problem before? Ask the GOVERMENTS to interfere? Must be kidding.
    How can one expect them to do what belongs to the realm of Central banks and financial institutions?
    Golditiki2+++
    The fiscal policy (Tax + Spending) is the realm of the governments.
    Monetary policy is the realm of central banks.

  8. #118
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    Jan 2017
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    Another Chinese bank on the verge of collapse. It is the 4th.

    Some Chinese banks delayed disclosure of their 2018 reports.

    https://www.zerohedge.com/markets/ch...udden-bank-run

  9. #119
    Join Date
    Jan 2010
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    13,314

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    Quote Originally Posted by oak333 View Post
    Another Chinese bank on the verge of collapse. It is the 4th.

    Some Chinese banks delayed disclosure of their 2018 reports.

    https://www.zerohedge.com/markets/ch...udden-bank-run
    oak333: How come you closed your last new thread on the threat to US reserve and petro-dollar?

    I had some comments for it
    Who are the righteous? ....Markpti

    What value did Burisma think to gain by hiring Hunter Biden as a Board member vs ALL other choices?

    Those who cannot articulate the other argument do not fully understand their own argument.

    "Much can be done by wise legislation and by resolute enforcement of the law. But still much more must be done
    by steady training of the individual - in conscience and character...." .......T. Roosevelt

  10. #120

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    So with what we see coming down the road I’m uncertain if I should continue my path. Right now I save a bit until I have enough to pay an extra payment on my mortgage. Started doing this a little more than 4 years ago and have made 13 extra payments. Got about 6 years to go. Now I’m leaning towards taking that extra money and buying PMs. Also could just save the extra cash in the bank or under a mattress for the purpose of buying a rental property when home prices drop. Thoughts?

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