DOW record

[helmsdale]

Party on!

[malleefarmer]

Artificially low interest rates?? Not sure the world, consumers bussiness and moms and dads could handle the alternative?

Just asking.

Rates got cut by reserve bank of australia to 1% a few weeks back.

People have to borrow and spend sadly not happening with low interest rates and definately wouldnt happen with higher rates.

Im no economist far smarter guys on here than I

[malleefarmer]

On economics, we had a election in australia about 6 weeks ago.

The right of politics called liberal party here yep opposite than yours and left called labor party.

As i mentioned a while back the right moved more to the right tax cuts, less govt spending, pro mining, pro bussiness,cheaper costs of living and anti climate change/paris agreements etc etc probably all aimed at middle australia. Keep economy steady and stable.

The left pro climate change, more govt spending,a inheritance or death tax, free education , way higher tax for the higher income bracket, lift in minimum wage etc, tax on retirees investments ban mining over a period of time plus many more. But govt would have to borrow shitloads of money to keep it agenda policies intact.

Distinct differences for first time in about 15yrs a "line in the sand"

Conservatives or liberals had been in for 2 terms.

Suggested would be almost a landslide to labor as is happeneing all over the world voters moving to the left well exact opposite happened and they got increased majority.

Lots of rhetoric from the left pollies wereas right was just low key steady as she goes. Supposed to be unloseable election for the left.

Commentators suggest it has worldwide ramifications.....i doubt it but is or was suggested voters are moving back to right/mainstream ideologies. Who knows?

[farming101]

New all time record this morning.....

[furrowtickler]

New all time record this morning.....

So how is that possible if the financial system about to completely fail according to some ?
Or is there a logical reason ? Just asking cause it don’t make much .

[AlbertaFarmer5]

So how is that possible if the financial system about to completely fail according to some ?
Or is there a logical reason ? Just asking cause it don’t make much .

Money flows. Smart money is abandoning government bonds the world over due to negative returns, and the real risk of default. EU is collapsing, Chinese are investing in anything they can outside the country to shield themselves from the disaster. Most of the rest of the world is busy destroying their economies with green nonsense, while the US is almost immune. There is no other game in town.

And the best part, is it drives the Trump haters mad, they have been promising the opposite result for so long.

[Robertbarlage]

The only thing collapsing is Canada!

[errolanderson]

With record U.S. equity markets, you'd think the U.S. economy was doing great. Corporate earnings released lately are all beating expectations . . . go figure. But the expectation bars appear set much lower year-over-year. Many corporations are actually seeing profit declines year-over year.

And the U.S. economy is now growing under 2%. That's ho-hum at-best and translates into an actual, real-life slowdown . . . Declines in manufacturing and service industries don't seen to mean much to investors. But cheap money talks and continues to be parked into stock markets . . . . Traders are now calling this a 'melt-up rally'. Kinda like quick sand, but going the other direction . . . Thankfully, corporate buybacks, central bank liquidity and cheap money continue to make the good times roll . . . .

[Guest]

The DJIA set a 123 year high today. Ho Hum

Trump bad
Turdo good

[bucket]

off topic ....but I find it disturbing that the CBC puts so much time into the impeachment of donald Trump in every news cycle and yet spends nothing on Trudeau's issues, which, if he was in the states, he too would be facing impeachment ....