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Market Bubbles: How Many Boats are We On?

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Mar 22, 2021 | 07:07 31
Quote Originally Posted by Old Cowzilla View Post
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.
People spending their government cheques on renovations ...Is that what is driving the lumber market up? Reply With Quote
Mar 22, 2021 | 07:23 32 I hear a few people say screw it we won't build a deck this year buy a lawn chair and sit under a shady tree and drink beer. Lumber yards are gonna get stuck with some high priced inventory out of this, OSB $35 compared to $10 two years ago people are waking up. Reply With Quote
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  • jazz's Avatar Mar 22, 2021 | 08:35 33 The economy is teetering on a pin right now. If the virus is not beaten in the next few months she will be toast.

    20 US states are monitoring rising cases again and this with a population that is approaching 30% vaccinated.

    https://www.cnbc.com/2021/03/22/covid-new-jersey-likely-to-pause-reopening-plans-as-cases-rise-governor-says.html Reply With Quote
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  • Mar 23, 2021 | 13:02 34 One-by-one, commodities now dropping . . . .

    King of commodities 'crude oil' down sharply off $10 per barrel from recent highs . . . . Europe lockdown contributing more selling. Precious metals stumbling at-best. Cattle struggling. Copper off. Global wheat prices easing. Nat gas market again dead.

    Container shipping rates remain in steady climb. Consumers ordering from China from home. Container shortage and floating ship parking lots awaiting delayed unloads. Containers all made unfortunately in China. Definitely, ocean freight inflation as a result of buyer online demand.

    But for the banks, go ahead, hike those rates. Should be no problem will all your inflation talk . . . then let the defaults begin . . . . Reply With Quote
    Mar 23, 2021 | 14:39 35 It’s too bad the costs for everything related to Ag are skyrocketing at the same time , no phos left , glyphosate is in short supply , fuel going through the roof.
    So this bubble is bursting yet retail still going through the roof , what’s really going on ? You hear pent up demand , slow down in manufacturing, and all kinds of excuses.
    Something definitely out of whack .
    ‘Tis a strange year already Reply With Quote
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  • jazz's Avatar Mar 23, 2021 | 15:59 36 This blip in prices is more likely supply chain related than inflationary.

    errol is probably watching gold which is falling in price and historically thats deflationary. Reply With Quote
    Mar 23, 2021 | 16:03 37 They can paper over the futures market to arrive at any price they like. That works until there are defaults on delivery. The spreads between physical and spot are growing.
    Last edited by biglentil; Mar 23, 2021 at 16:15.
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    Mar 23, 2021 | 17:12 38 The sooner we start to raise interest rates the better we will be in the long run. Housing market inflation is out of control in many of the large cities, stock market is is over inflated because its the only place to put your money, bond and GICs rate of return near zero. Reply With Quote
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  • Mar 23, 2021 | 19:17 39 Sensing a real turning point in markets coming upon all of us very soon. There are many asset bubbles, but is that true inflation? Or is this purely the result of manipulated bank policy?

    Inflation to me is demand driven, not simply an asset to park money, just because . . . .

    The Fed is totally hooped (IMO). The money printing gig is up. Central bank policy is now clearly failing . . .

    It had only resulted in a greater income divide that is not healthy. Also, how can money printing solve the current economic delimna? What is the end game? Unending out-of-control inflation to solve the out-of-control government spending? Investors are so naive (IMO), so gullible or simply so greedy. Maybe, a combo of all of the above. But this is the consequence of cuddled central bank policy, with no regards of an end game.

    My opinion: Is there a chance of incoming deflation, upside-down mortgages and mass defaults? You betcha. . . . You can’t hide behind false inflation and asset worth on money printing.

    This turn-in-the-road is now fast approaching.

    An opinion . . . . Reply With Quote
    Mar 23, 2021 | 19:32 40 I think the geniuses running the asylum, broke shit. And not just the light bulbs, they trashed the place to the point survival might be the only thing that matters. There's toilet paper, mattresses and walls on fire but don't worry, "the grownups are in charge". I am starting to believe every conventional store of wealth is about to break, including the unconventional. It won't matter how you identify, or if there's an army behind your ideology, when govt defaults on debt, or inflation is too rampant, the army will side with the people rather then the rulers. Deflation means taxes are in a runaway. They are gonna pull the plug. Don't worry about gold, guns or ammo, there'll be enough laying on the ground after everyone kills each other. Stay out of sight for the first while and it'll be fine.
    Last edited by macdon02; Mar 23, 2021 at 20:00.
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  • Mar 23, 2021 | 20:28 41 did someone mention boats?

    https://twitter.com/jsrailton/status/1374438210315513864 https://twitter.com/jsrailton/status/1374438210315513864 Reply With Quote
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  • jazz's Avatar Mar 23, 2021 | 20:31 42 The inflation trade is a bit skeptical for sure. I mean after people dump their stimulus cheques into whatever, what will they have excess money to buy? Every consumer is tapped to the gills with debt and the stagnant income. Still 10M americans out of work since pre covid. I mean tens of millions of people couldnt pay 3 months of expenses and needed the govt. What extra money are they going to find to buy goods and services. And even if they do go on a buying binge, the only products we get are from china, so the inflation will be there, not here.

    I am hearing a lot of reports about people throwing in the towel with their businesses and professions. Nurses, teachers, doctors, small biz owners, parents that want to stay home with kids now, women that want to exit the workforce and young people banking on UBI. Reply With Quote
    Mar 23, 2021 | 21:06 43 The true definition of inflation before Keyesians changed the definition in the early 20th century is an expansion of the money supply. Price inflation is symptom of more dollars chasing fewer good. Supply disruptions and poor productivity have hurt supply right when 40% of all dollars have been printed in the last year. The market is all about speculation now, no different than Weimer Germany 1922.
    Last edited by biglentil; Mar 23, 2021 at 22:19.
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    Jun 6, 2021 | 03:08 44 U.S. Fed is now doing something called reverse repos. This is the lending process between the Fed and financial institutions.

    Translation: Financial institutions are now content to leave money at 0 percent parked. And the Fed is now having difficulty and confidence lending money out to financial institutions for higher than 0 percent.

    This situation does not reflect any sort of boom or recovery (IMO). It also suggests that inflation is very frail, a flash in the pan.

    How many market bubbles are now ripe for the picking? Reply With Quote
    Jun 6, 2021 | 08:07 45
    Quote Originally Posted by jazz View Post
    The economy is teetering on a pin right now. If the virus is not beaten in the next few months she will be toast.

    20 US states are monitoring rising cases again and this with a population that is approaching 30% vaccinated.

    https://www.cnbc.com/2021/03/22/covid-new-jersey-likely-to-pause-reopening-plans-as-cases-rise-governor-says.html
    Whaaat? Weren't you just telling us that covid was dropping regardless of vaccination rates? LOL

    If you predict doom and gloom long enough given enough time eventually a large correction will happen.

    What we do know is the ultra rich are getting richer and hording their wealth which can't be good for democracy or the economy. It's a way better to put more money in the hands of low and medium income earners as they will spend alot of it on basic necessities. Reply With Quote
    Jun 6, 2021 | 08:16 46
    Quote Originally Posted by chuckChuck View Post
    Whaaat? Weren't you just telling us that covid was dropping regardless of vaccination rates? LOL

    If you predict doom and gloom long enough given enough time eventually a large correction will happen.

    What we do know is the ultra rich are getting richer and hording their wealth which can't be good for democracy or the economy. It's a way better to put more money in the hands of low and medium income earners as they will spend alot of it on basic necessities.
    I agree but the real objective of the UN agenda is playing out like you just pointed out amd like many of us have been trying to say for over two years
    It was never about wealth distribution to the needy ... only fools believed that
    It’s playing out exactly as they planned it
    Last edited by furrowtickler; Jun 6, 2021 at 08:21.
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    Jun 6, 2021 | 08:57 47 Just when you thought you have seen everything in our global financial make-believe world . . . .

    Italian artist Salvatore Garau has just sold an invisible sculpture for $18,000 U.S.

    This invisible sculpture (I believe) should generate a visible loss, should the Fed lose control of its invisible grip on visible markets LOL. Reply With Quote
    Jun 6, 2021 | 09:04 48
    Quote Originally Posted by errolanderson View Post
    Just when you thought you have seen everything in our global financial make-believe world . . . .

    Italian artist Salvatore Garau has just sold an invisible sculpture for $18,000 U.S.

    This invisible sculpture (I believe) should generate a visible loss, should the Fed lose control of its invisible grip on visible markets LOL.
    PS or BS . . . it is apparently made from spirit and air. Which makes total sense, since it is invisible.

    This is the end game of out-of-control central bank money-printing (IMO). Reply With Quote
    Jun 6, 2021 | 09:16 49 How different is the invisible statue from an imaginary coin worth 60000? Reply With Quote

  • Jun 6, 2021 | 09:26 50
    Quote Originally Posted by agstar77 View Post
    How different is the invisible statue from an imaginary coin worth 60000?
    touche’. . . . doge who? Reply With Quote
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  • Jun 6, 2021 | 09:46 51
    Quote Originally Posted by agstar77 View Post
    How different is the invisible statue from an imaginary coin worth 60000?
    Perhaps there would be others who might need tax relief ( or the publicity), that would value the invisible art at $18,000. But there very well, might not be another buyer in the world. Infact, perhaps the artist of the invisible art, gave the purchaser $18,000 to purchase the art from him, the artist,,, in the first place. Zero cost to the artist,,, and world wide attention to his name and other art.

    I hope Agstar, you didn't buy too many of those imaginary coins for $60.000 as they are only worth $43,645CND today. Globally there seems to be enough investors to create a market for this "invisible" coin, but yes, it's value is very shakey. Tax evasion, underground economy, underworld types, mafia gangs, etc probably find this coin useful, plus through in a bunch of speculators with a couple coins or thousands of coins, wha lah, a market. Reply With Quote
    Jun 6, 2021 | 10:21 52 One thing not talked about , especially by the climate cult is the amount of carbon footprint by the massive amount of energy required “produce” Bitcoin ....
    we are living in one Phuket up world right now Reply With Quote
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  • Jun 6, 2021 | 10:25 53
    Quote Originally Posted by agstar77 View Post
    How different is the invisible statue from an imaginary coin worth 60000?

    Buffet calls it " rat poison squared".

    I'll stick to buying Cdn Banks and Cdn Railway stocks. I know they are solid and are great "FOR PROFIT" CANADIAN business's.
    Last edited by foragefarmer; Jun 6, 2021 at 10:38.
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  • jazz's Avatar Jun 6, 2021 | 11:01 54 You guys are missing the point entirely. Crypto and NFTs are just being used to soften us all up for purely digital transaction using a digital currency backed by nothing and fully controlled by our central banks.

    You will be a puppet on a string literally when this transition occurs. Should start raising your agriville social credit score right now. Reply With Quote
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  • Jun 6, 2021 | 11:28 55
    Quote Originally Posted by agstar77 View Post
    How different is the invisible statue from an imaginary coin worth 60000?

    Some of you bought into an invisible wheat premium and defended it with every ounce of energy you had because someone told you it was there; but you never saw it.

    But many bought it - hook line and sinker.

    For shits and giggles - go and read Weisensel's Canada Grain Act report for SK Wheat and justify his comments on his wheat monopoly practices versus what Gray reported.
    Be smart enough to read between the lines.

    Worried about Bitcoin? - it is a 650 billion dollar unregulated market

    Instead, be terrified of the derivatives market.

    President Obama didn't have the guts to tackle the unregulated derivatives market after the subprime mortgage fiasco ... even when it was in his election platform

    the derivatives market is estimated between 800 and 2000 trillion dollars.
    the world's entire GDP is 85 trillion

    What do you think the derivatives air is really worth?

    That makes an $18,000 invisible sham piece of art a bargain... Reply With Quote
    Jun 6, 2021 | 12:33 56 Mr. Weber

    Is this the one liner that explains the imaginary premium that disappear through the year?

    From Ward's submission to Saskwheat.

    """""As a result, in order to clear the market, a significant volume of grain would be traded at values at a discount to U.S. values as that is what it took to sell the grain that was offered for sale by farmers to the CWB at the time."""""
    Last edited by bucket; Jun 6, 2021 at 12:42.
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  • Jun 6, 2021 | 12:51 57 Here's something you can get in on the ground floor.
    Disclosure: I do not own shares in any collectible jock straps....
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    https://app.collectable.com/assets/andre-the-giant-game-used-jockstrap-77 https://app.collectable.com/assets/andre-the-giant-game-used-jockstrap-77 Reply With Quote
    jazz's Avatar Jun 6, 2021 | 13:29 58
    Quote Originally Posted by LWeber View Post

    Instead, be terrified of the derivatives market.
    Derivatives market is not publicly traded. Its party to party risk.

    The risk comes from what source of funding used to make those bets. Leveraged loans in the banking system and stock margins?

    There are regular people charging bitcoiners double digit interest rates to lend them money.

    Its all just vapor. All of it, futures contracts too. Reply With Quote
    Jun 6, 2021 | 13:38 59 BOAT

    Bring Out Another Thousand.

    That sounds inexpensive compared to 2000 trillion. Reply With Quote
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  • Jun 7, 2021 | 21:15 60 The talking head economists would have you believe that hot air(money printing)doesn't make the balloon rise.
    Name:  Screenshot_20210607-211128_Reddit.jpg
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