Market Bubbles: How Many Boats are We On?

[errolanderson]

Broad-based selloff in global commodities in-progress. King of commodities; crude oil hammered today.

Cattle board / grains under heavy selling . . . . Equity clock is ticking (IMO).

[jazz]

Here are some fun facts from Canada this morning. The price is dropping because we have no supply coming to the market. Yes, farmers with a little canola in the bins aren't selling to the companies so they are driving down the price. Funny lumber is in tight supply and the price is double to triple. Round up I was told yesterday is in short supply so the price going up on all big boy totes. .

Sounds like the CME got the call to hit the circuit breaker button.

Thats BS farmers wont sell. They are still trying to move the December january contracts. I called RP yesterday in 2 locations, no canola or wheat movement for 6 weeks. Couldn't even take a couple tandem loads spot market. Something off big time in this market.

[Guest]

Movement been really good here except canary seed
Just hauled april barley contract
Taking spot wheat yesterday

[errolanderson]

Speaking of market bubbles and boats. . . .

Oakland A's baseball team wanting to sell their $64,000 U.S. luxury suites this season and now willing to take Bitcoin.


Let's see? . . . that would take 1 Bitcoin plus about 7 oz of gold and then you would get back about 16 oz of silver for change.

[biglentil]

Speaking of market bubbles and boats. . . .

Oakland A's baseball team wanting to sell their $64,000 U.S. luxury suites this season and now willing to take Bitcoin.


Let's see? . . . that would take 1 Bitcoin plus about 7 oz of gold and then you would get back about 16 oz of silver for change.

Bitcoin is divisible to 8 decimal points. 2 ounces of Rhodium and 3 ounces of Palladium would also do it.

[beaverdam]

Is there an economist out there, who is using the 1970/1980's basket and formula to calculate inflation, today? Is it even possible to do, considering all the different items being used in our life and in society today? Lumber, gasoline, groceries, yes,,, but how do you compare cell phone, internet, computers, that didn't exist back then.

[biglentil]

Is there an economist out there, who is using the 1970/1980's basket and formula to calculate inflation, today? Is it even possible to do, considering all the different items being used in our life and in society today? Lumber, gasoline, groceries, yes,,, but how do you compare cell phone, internet, computers, that didn't exist back then.

John Williams of shadowstats.com does a wonderful job.

[sumdumguy]

Nobody tell Acheforacres that there’s a Scottish island for sale. SF3 - you never heard that😂

[errolanderson]

Broad-based selloff in global commodities in-progress. King of commodities; crude oil hammered today.

Cattle board / grains under heavy selling . . . . Equity clock is ticking (IMO).

Iron ore now coming under pressure. Commodity indexes generally appear vulnerable to incoming global economic downturn.

[Old Cowzilla]

Was at a steel shop this week and told the reason steel prices are through the roof is because big auto is stock piling for months in advance therefore making unusual shortages. Why are they panic buying if the market is going to crash ? And guess what the price of new auto's will have to do to pay for that higher steel value. If everybody backs away from this steel and lumber market for a few months which I think some folks are going too things will cool down.