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Thread: You cannot ignore economic reality.

  1. #71

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    Quote Originally Posted by Silver and Gold View Post
    They Are Calling This A “Bloodbath” For The $800 Billion Trucking Industry As U.S. Economic Activity Dramatically Declines

    The U.S. trucking industry has not experienced a downturn of this magnitude since the last financial crisis, and this is one of the clearest signs yet that the U.S. economy is steamrolling into a severe economic downturn.


    http://theeconomiccollapseblog.com/a...cally-declines
    you know what's Funny?
    I stole my latest line: "the Greatest Economy in the History of the world"
    from a truck driver I know... I wonder if he was being sarcastic now!
    x3

  2. #72

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    Totally, debt is becoming more free. A good example is my home loan, 2.625/15 year, and it's such a small loan, most banksters wouldn't touch it because it's borderline beating inflation. A rate cut will be good to roll it all over, especially corporate debt. Even now, consumer cash outs and helocs are up and up, and the people couldn't even wait for the official rate cut that is coming. If your just saving your money into metal or interest bearing your barely beating inflation.

    My friends who have pensions don't have anything good to say about them really, many are mostly invested in bonds, very poor returns, and they hardly pay, you can typically expect to get half of your yearly salary out of one. The main problem with pensions is that they were meant for the working man.

    Friends with 401k's are many of them, all millionaires on paper now.

  3. #73
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    Quote Originally Posted by oak333 View Post
    Monetary wars have started. Mario Draghi of ECB cut rates and the Euro went down.
    Japan is on the same path. QE continues ....to infinity, as many experts have predicted.
    Competitive currency devaluation is taking place...ie currencies are all going down
    .....only at different speeds.

    That reminds me of an old joke with a question to Radio Erevan:
    Q: What shall we do in case of an atomic alarm ?
    A: Dress yourself in a white sheet and go slowly slowly to the cemetery.
    Q: Why slowly, slowly ?
    A: To avoid panic.

    It looks like the stock markets cannot survive without help from monetary stimulus.

    https://www.zerohedge.com/news/2019-...egun-they-have
    Monetary wars have started.

    Draghi pushes the Euro down, the Fed pushes the Euro up.

    https://kingworldnews.com/kickoff-of...short-squeeze/

    Just have a look at the first chart.

    These monetary wars will push gold up.

  4. #74

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    Many on the group have been saying this for some time. Your a little late ...LOL

    Cramer: ‘The real world is much worse than the stock market indicates’

    CNBC’s Jim Cramer says he expects most companies to post weaker earnings than they did last quarter.
    “I literally do not have a company that is having a better quarter,” Cramer says.
    But against that backdrop, the Dow opened less than 1% away from its record close. The S&P 500 on Thursday closed at an all-time high.

    https://www.cnbc.com/2019/06/21/cram...indicates.html

  5. #75

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    US consumer confidence falls to 121.5 in June, vs. 131.1 expected

  6. #76
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    The big corporations have realized that the status quo does
    not work any longer.

    The only aim of a corporation "to maximize shareholder profit"
    is obsolete. Corporations now recognize they have social responsabilities,
    which come before profit.

    Top 180 corporate leaders have signed a declaration like that.

    https://www.huffingtonpost.ca/entry/...b0f667ed697770

    My note: you can only agree and admire this declaration, provided it is
    translated into facts.

  7. #77

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    Quote Originally Posted by oak333 View Post
    The big corporations have realized that the status quo does
    not work any longer.

    The only aim of a corporation "to maximize shareholder profit"
    is obsolete. Corporations now recognize they have social responsabilities,
    which come before profit.

    Top 180 corporate leaders have signed a declaration like that.

    https://www.huffingtonpost.ca/entry/...b0f667ed697770

    My note: you can only agree and admire this declaration, provided it is
    translated into facts.

    Liars and fakes to the core.
    “Of all the contrivances for cheating the laboring class of mankind, none has been more effective than that which deludes them with paper money.”Daniel Webster (1782-1852)

  8. #78
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    Quote Originally Posted by oak333 View Post
    The big corporations have realized that the status quo does
    not work any longer.

    The only aim of a corporation "to maximize shareholder profit"
    is obsolete. Corporations now recognize they have social responsabilities,
    which come before profit.

    Top 180 corporate leaders have signed a declaration like that.

    https://www.huffingtonpost.ca/entry/...b0f667ed697770

    My note: you can only agree and admire this declaration, provided it is
    translated into facts.
    And why did the big CEO's do that ? The emergence of powerful blocs
    of shareholders obliged them to. These institutional investors, fighting
    in shareholders activism, hold trillions of dollars in equities.

    https://www.project-syndicate.org/co...pistor-2019-08

  9. #79

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    Quote Originally Posted by oak333 View Post
    The big corporations have realized that the status quo does
    not work any longer.

    The only aim of a corporation "to maximize shareholder profit"
    is obsolete. Corporations now recognize they have social responsabilities,
    which come before profit.

    Top 180 corporate leaders have signed a declaration like that.

    https://www.huffingtonpost.ca/entry/...b0f667ed697770

    My note: you can only agree and admire this declaration, provided it is
    translated into facts.
    That reminds me so much of Atlas Shrugged. Yes, there were quite a few 'captains' of industry that were willing participants of the new way.

    For the sake of western civilization as we know it let's hope that they are mostly lying. Sure, you need to exercise social responsibility but because it supports your primary goal of making a profit.

  10. #80

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    New recession warning: The rich aren’t spending

    A sudden pullback in spending among the wealthy could cascade down to the rest of the economy and create a further drag on growth.
    High-end real estate is having its worst year since the financial crisis.
    Luxury retailers are struggling while discounters like Walmart and Target thrive.
    At this month’s massive Pebble Beach car auctions, the most expensive cars faltered on the block.
    In the first half of 2019, art auction sales were down for the first time in years.

    https://www.cnbc.com/2019/08/28/the-...ion-ahead.html

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