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Thread: You cannot ignore economic reality.

  1. #51

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    Job growth screeches to a near halt in May, with private payrolls up just 27,000


    Private payrolls rose 27,000 in May, compared with estimates of 173,000, according to ADP and Moody’s Analytics.
    The reading was the worst since around the time the economic expansion began and the jobs market bottomed in March 2010 with a loss of 113,000.

  2. #52

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    tdy to stuff a container and send the babe to China from a bigger Polish port is cheaper than transporting a container between that port and Hamburg. The reality from some moments ago is not valid NOW and won't be valid tomorrow. When money is too cheap things get crazy.

    We are all so afraid of the woolf we prefer to jump off the cliff.

    Golditiki2 +++

  3. #53
    Join Date
    Jan 2017
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    4,129

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    Are now the banks paying you to take a mortgage ?

    Apparently yes. A bank in Denmark is just doing that.

    https://www.silverdoctors.com/headli...erest-rate-to/

    My note: this looks like "inverted economics."

  4. #54

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    Quote Originally Posted by oak333 View Post
    Are now the banks paying you to take a mortgage ?

    Apparently yes. A bank in Denmark is just doing that.

    https://www.silverdoctors.com/headli...erest-rate-to/

    My note: this looks like "inverted economics."
    This bank will go out of business lending like this unless it is just a short term marketing scheme for very select borrowers and has lots of fees accompanying it.
    European banks can borrow at 0 but some of their money must be preferred or common shares etc to have sufficient capital buffer. Typically these dividends would need to
    be 2 to 4 per cent. Also there are operating costs. There is also interest rate risk(10 years) and default risk but lets forget about them. The margin would need to be about 1.25% above their
    cheapest source of money ( 0 % + 1.25% ) to make any money in my opinion. No way a negative rate given to lenders would work.
    If this was the case everyone would borrow the funds on any sufficient collateral and invest in the top dividend paying stocks that are rated the most stable or invest in some things like a US TBILL account
    that is hedged to their currency. Lots of other ways to make money with minimal to no risk at negative rates. One thing for certain the bank would collapse in no time if they put out enough of these.

  5. #55
    Join Date
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    Quote Originally Posted by Silver and Gold View Post
    Job growth screeches to a near halt in May, with private payrolls up just 27,000


    Private payrolls rose 27,000 in May, compared with estimates of 173,000, according to ADP and Moody’s Analytics.
    The reading was the worst since around the time the economic expansion began and the jobs market bottomed in March 2010 with a loss of 113,000.
    Not a problem! More QE, silver to $1 and gold banned.........FRAUDE, it's all a FRAUDE, just give up the fight

  6. #56

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    Quote Originally Posted by DutchSilver View Post
    Not a problem! More QE, silver to $1 and gold banned.........FRAUDE, it's all a FRAUDE, just give up the fight


    At least they have it right:

    "Live Free or Die" is the official motto of the U.S. state of New Hampshire, adopted by the state in 1945.



    A Morgan Stanley economic indicator just suffered a record collapse


    The Morgan Stanley Business Conditions Index fell by 32 points in June, to a level of 13 from a level of 45 in May. This drop is the largest one-month decline on record.
    “The decline shows a sharp deterioration in sentiment this month that was broad-based across sectors,” economist Ellen Zentner said in a note to clients on Thursday.
    Every subindex of the Business Conditions Composite fell in June, expect for the credit condition category, which “is consistent with the recent easing in broad financial conditions,” Zentner said.


    https://www.cnbc.com/2019/06/13/a-mo...most-ever.html

  7. #57
    Join Date
    Jan 2017
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    4,129

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    Brexit....and now Hong Kong exit ?

    What happens in Hong Kong has deep implications, not only political
    but financial as well.

    Hong Kong might loose the favourite nation status, ie loosing a lot
    of trade revenue. The financial executives might probably move to
    Singapore to avoid being subject to political allegations from
    mainland China. That might cause a run on the banks, which might
    cause severe disruptions in the world's financial system.

    https://ca.finance.yahoo.com/news/ky...223430616.html

    My note: in this kind of climate how would you expect gold to behave ? Today it
    has already passed over 1,350 $, the six year old resistance level.

  8. #58

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    Many Americans say their financial situation is worse since the Great Recession

    The Great Recession has been over for a decade.
    Yet many people’s finances haven’t recovered from the recession’s blows, according to a new survey by personal finance website Bankrate.com.
    “Even a modest downturn is going to cause further harm to Americans personal finances,” said Mark Hamrick, senior economic analyst at Bankrate.com.


    https://www.cnbc.com/2019/06/14/many...recession.html

  9. #59

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    This American has been dirt poor since the first divorce...
    Small business is the incubator of employment. As it declines, so too do opportunities for first jobs, second chances and economic independence.

  10. #60

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    Quote Originally Posted by Westerner View Post
    This American has been dirt poor since the first divorce...


    That will do it......

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