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jazz's Avatar Jul 6, 2022 | 06:23 31 These major economies are headed into recession in the next 12 months,

https://www.cnbc.com/2022/07/05/us-u...s-nomura-.html Reply With Quote
Jul 6, 2022 | 10:58 32 The U.S. Fed and the Bank of Canada are continually behind-the-curve and have lost control of their policy decisions. The market fallout is now rolling-over inflationists and central bank rhetoric.

Gold is making a deflationary statement testing contract lows this week. Dr. Copper is clearly in sick-bay, a clear indicator of global recession. But bankers do not want to face the financial mess they have created artificially supporting markets for years. Raising rates at the worst possible time. Yet, media continues to give them credibility. But markets and the consumer now say 'time's up' . . . . Reply With Quote
Jul 6, 2022 | 11:43 33
Quote Originally Posted by errolanderson View Post
The U.S. Fed and the Bank of Canada are continually behind-the-curve and have lost control of their policy decisions. The market fallout is now rolling-over inflationists and central bank rhetoric.

Gold is making a deflationary statement testing contract lows this week. Dr. Copper is clearly in sick-bay, a clear indicator of global recession. But bankers do not want to face the financial mess they have created artificially supporting markets for years. Raising rates at the worst possible time. Yet, media continues to give them credibility. But markets and the consumer now say 'time's up' . . . .
I am no economist but I fail to understand how making mortgages more expensive along with the regular food and gas helps the average consumer.

I feel for young people getting their first job, maybe buying a vehicle to go to work they are essentially better off playing video games in their parents basement.

That is not right.

Maybe they want to save for a better education while working....not gonna happen.

Same can be said for a kid wanting to farm , by the time he saves enough for a down payment on enough land to live on, he would be better off retiring.

I also think thats why many generational farms are coming on the market. The easy money is at 2 percent on a few million rather than a 2 percent margin on farming the land.

Money works 24/7. I can't do that anymore. Reply With Quote
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  • Oct 7, 2022 | 06:30 34 Now all markets hear . . . Fed pivot, fed pivot, fed pivot. Quick translation is; Fed panic, fed panic, fed panic.

    Interest rate cuts sooner than later, but Fed governors say stay-the-path. A total GONG SHOW in-progress. Reply With Quote
    biglentil's Avatar Oct 7, 2022 | 06:50 35
    Quote Originally Posted by errolanderson View Post
    The U.S. Fed and the Bank of Canada are continually behind-the-curve and have lost control of their policy decisions. The market fallout is now rolling-over inflationists and central bank rhetoric.

    Gold is making a deflationary statement testing contract lows this week. Dr. Copper is clearly in sick-bay, a clear indicator of global recession. But bankers do not want to face the financial mess they have created artificially supporting markets for years. Raising rates at the worst possible time. Yet, media continues to give them credibility. But markets and the consumer now say 'time's up' . . . .

    Gold up $40 on the week.
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    And copper may of consolidated somewhat from all time highs, but seems to have found support in the 3.40's. Higher highs and higher lows, I see that as healthy. Far from sick...
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    Last edited by biglentil; Oct 7, 2022 at 07:08.
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    Oct 7, 2022 | 06:51 36 Europe's red alert: Banks ready to shutdown forever

    the ecb is concerned about a potential wave of defaults on banks. Reply With Quote
    biglentil's Avatar Oct 7, 2022 | 07:04 37
    Quote Originally Posted by errolanderson View Post
    Europe's red alert: Banks ready to shutdown forever

    the ecb is concerned about a potential wave of defaults on banks.
    If systematic risk overwhelms the financial sector it might not be paper the masses go flocking to this time around, but hard commodities. Can't feed or heat your home on 0's and 1's, just sayin. Reply With Quote
    Oct 7, 2022 | 07:20 38
    Quote Originally Posted by biglentil View Post
    If systematic risk overwhelms the financial sector it might not be paper the masses go flocking to this time around, but hard commodities. Can't feed or heat your home on 0's and 1's, just sayin.
    Masses won't have the money. It's gone . . . . Reply With Quote
    biglentil's Avatar Oct 7, 2022 | 07:24 39
    Quote Originally Posted by errolanderson View Post
    Masses won't have the money. It's gone . . . .
    Yes but they never did. Fiat currency is not money just its illusion. We are at the end of the fiat currency road the can can be kicked no longer.
    Last edited by biglentil; Oct 7, 2022 at 07:26.
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    ajl
    Oct 7, 2022 | 21:25 40
    Quote Originally Posted by errolanderson View Post
    Masses won't have the money. It's gone . . . .
    They will not have any credit either. No more borrowing to eat. Why farmland is the worst investment right now. Best investment: 5.25% GIC. gicwealth.ca Reply With Quote
    Oct 7, 2022 | 23:11 41
    Quote Originally Posted by errolanderson View Post
    Masses won't have the money. It's gone . . . .
    True a bit , kinda
    If you want to run a cat , climb a power pole, renovate or paint a house …… you know . actually work … money is very good and your fine .
    It’s those at desk jobs playing at computers that are fuked in today’s situation… just an observation

    Yup day traders and people playing with others money that actually do *** all to create actual wealth ….. yup they fuked now
    And their day was coming
    Someone actually still has to do the actual work …… imagine that
    Last edited by furrowtickler; Oct 7, 2022 at 23:14.
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  • Oct 7, 2022 | 23:16 42 Some will figure it out , most won’t
    Trade your computer in for a pair of work boots 🥾….. best advice I’ve got Reply With Quote
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  • Oct 7, 2022 | 23:42 43
    Quote Originally Posted by ajl View Post
    They will not have any credit either. No more borrowing to eat. Why farmland is the worst investment right now. Best investment: 5.25% GIC. gicwealth.ca
    I was wondering about farmland investors. They might be looking for the exit to get a higher return Reply With Quote
    Oct 26, 2022 | 09:14 44 Whistling past the graveyard . . . .

    Bank of Canada hikes 1/2% to 3.75 percent this morning. Market expecting 3/4% hike. Are central bankers finally smelling-the-coffee?

    This may be last hike rate as the economy sputters and stalls out and GDP goes into-a-dive . . . . Reply With Quote
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  • Oct 26, 2022 | 13:25 45
    Quote Originally Posted by errolanderson View Post
    Whistling past the graveyard . . . .

    Bank of Canada hikes 1/2% to 3.75 percent this morning. Market expecting 3/4% hike. Are central bankers finally smelling-the-coffee?

    This may be last hike rate as the economy sputters and stalls out and GDP goes into-a-dive . . . .
    I agree the BOC was late to the party, then panicked and now there's always the danger they will over shoot. Reply With Quote
    Oct 29, 2022 | 07:23 46 Used vehicle prices starting to come back-to-earth.

    Down 4 months in-a-row or nearly 20 percent off from early 2022 highs. Repossessions picking up as interest rates climb. A lot more downside appears possible as credit issues swell. Reply With Quote
    Nov 4, 2022 | 21:41 47 Bank of America reporting a race-of-investors now converting investments to cash.

    Where will markets be by Xmas? Reply With Quote
    Nov 4, 2022 | 22:29 48
    Quote Originally Posted by errolanderson View Post
    Bank of America reporting a race-of-investors now converting investments to cash.

    Where will markets be by Xmas?
    Higher, the majority is always wrong. It's a bond market collapse, like the title of thread, NA equities are just fine, there's capital flowing into North America from Europe and Japan, the currency effect is dominant.
    Last edited by macdon02; Nov 4, 2022 at 22:35.
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  • Nov 5, 2022 | 16:11 49 Used car market appears to be in early stages of some form of collapse. Repos apparently pouring in. This is getting nasty, but for those in the market looking for a vehicle, time is on your side . . . . Reply With Quote
    Nov 5, 2022 | 16:30 50
    Quote Originally Posted by errolanderson View Post
    Used car market appears to be in early stages of some form of collapse. Repos apparently pouring in. This is getting nasty, but for those in the market looking for a vehicle, time is on your side . . . .
    Used car market needs to come down. I bought a new vehicle Friday for less than what 1-2yr old (25-50000km) are advertised for. Same make/model/options. Don't make sense. Reply With Quote
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  • Nov 5, 2022 | 18:31 51 seeing same shit with polaris side by side
    new same as 5 year old stuff on kijji
    surely to christ people aren't paying those stupid prices????? Reply With Quote
    Nov 5, 2022 | 19:04 52 This is how things were not so long ago in 2012. Could buy new for the same or just a hair more than the used market. Can't do that with farm equipment just yet, but it will come.

    Being told there is a luxury tax being implemented on new vehicles over $100,000. Is that the Governments attempt to cap the market?
    Last edited by flea beetle; Nov 5, 2022 at 19:10.
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    Nov 5, 2022 | 19:14 53 $20k for a snowmobile, $30k for a sxs, how can that be sustainable. Reply With Quote
    makar's Avatar Nov 5, 2022 | 19:25 54
    Quote Originally Posted by Taiga View Post
    $20k for a snowmobile, $30k for a sxs, how can that be sustainable.
    30k is exactly the most I paid for a vehicle, six months old mind you Reply With Quote
    Nov 5, 2022 | 19:30 55
    Quote Originally Posted by flea beetle View Post
    This is how things were not so long ago in 2012. Could buy new for the same or just a hair more than the used market. Can't do that with farm equipment just yet, but it will come.

    Being told there is a luxury tax being implemented on new vehicles over $100,000. Is that the Governments attempt to cap the market?
    Salesman told me a customer walked away from an Escalade when he found out the luxury tax is 20% on anything over $100000. I guess it's working?
    Getting tough to find a diesel 1 ton under $100000. Reply With Quote
    Nov 5, 2022 | 19:42 56 I think one tons exempt
    3/4 tons not
    That’s why there is so many one tons Reply With Quote
    Nov 5, 2022 | 21:47 57 Me thinks a lot of those overpriced SUV and trucks will get capped at $99000 and the dealerships will still make buckets of money. Reply With Quote
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  • jazz's Avatar Nov 6, 2022 | 06:53 58 Half of the EV offerings are over $100k now.

    Did they get an exemption. Reply With Quote
    jazz's Avatar Nov 6, 2022 | 06:59 59
    Quote Originally Posted by macdon02 View Post
    Higher, the majority is always wrong. It's a bond market collapse, like the title of thread, NA equities are just fine, there's capital flowing into North America from Europe and Japan, the currency effect is dominant.
    This probably correct, but not yet. S&P has another 20% to fall. Many companies are down 70%.

    But yes, the US is attempting to replace QE with sucking in the industrial base of the EU and Japan to fight China. Its the first attempt at repatriating the supply chains and propping the industrial base. Why start from scratch when you can just lure it here. Reply With Quote
    Nov 6, 2022 | 09:10 60
    Quote Originally Posted by Old Cowzilla View Post
    Me thinks a lot of those overpriced SUV and trucks will get capped at $99000 and the dealerships will still make buckets of money.
    Used vehicle prices tumbling, it just a matter of time for new prices to get choked as well. Credit card debit a record high and average consumer savings reported down 70 percent in 2022.

    Oh, but this is not a recession and there is no deflation according to mainstream press. Reply With Quote