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Mar 15, 2023 | 05:29
151
 Originally Posted by Landdownunder
blinding freddy can see oils on shaky ground , real estate fall out seems to vary country to country
Credit Suisse new lows… down as much as 25% this morning to 1.68… Saudi S said they would not put any more money in as at more than 10% equity big regulatory issues…
The Fed has broken things… 2 month interest down to 4% … was well over 5% a week ago….
Oil WTI down to $70/bbl this morning… canola still dropping… CDN $ dropping this morning…
Interesting times!!!
Cheers
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Mar 15, 2023 | 06:41
152
I'm sure if the canola market or cattle market crashes all these government regulators will race in and bail us out too*********** P.S. cattle market was still hot yesterday in town from what we saw.
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Mar 15, 2023 | 07:15
153
Multiple European bank stocks have halted trading.
Thankfully, Cdn banks aren’t involved in any of this mess (according to Bloomberg). Har!
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Mar 15, 2023 | 08:08
154
World govts printed up $30T to save us from an invisible bug that turned out to be a cold. You think they are going to let banks fail.
A few will, just like in 2008, but massive bailouts are in the planning and a halt to all interest rate increases, with QE around the corner.
Mass insolvency or inflation, pick your poison. One of them involves a pretty angry populace overrunning the system.
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Mar 15, 2023 | 09:04
155
Hey, Gold is up $21 to $1925
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Mar 15, 2023 | 09:56
156
Originally Posted by jazz
World govts printed up $30T to save us from an invisible bug that turned out to be a cold. You think they are going to let banks fail.
A few will, just like in 2008, but massive bailouts are in the planning and a halt to all interest rate increases, with QE around the corner.
Mass insolvency or inflation, pick your poison. One of them involves a pretty angry populace overrunning the system.
Unless we think this is the time they are going to finally quit kicking the can, and let it all crash and burn, then it is safe to assume that this brief adventure into sound monetary policy is already over, and we will be back to the regularly scheduled program of QE, artificially low interest rates, helicopter money, bailouts etc.
As Jazz points out, one way results in angry mobs immediately, the other is a slow boil which the populace will tolerate, and even get governments reelected.
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Mar 15, 2023 | 11:08
157
The can can be kicked no further. What we are witnessing in real time will make the 2008 financial crisis look like a dress rehearsal. Get woke go broke, Western financial institutions are in big trouble.
Last edited by biglentil; Mar 15, 2023 at 11:11.
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Mar 15, 2023 | 11:34
158
Originally Posted by biglentil
The can can be kicked no further.
I think we have heard that before. Someday it will definitely be true. But betting on that has been losing proposition for a long time.
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Mar 15, 2023 | 12:20
159
Originally Posted by AlbertaFarmer5
I think we have heard that before. Someday it will definitely be true. But betting on that has been losing proposition for a long time.
Rather be a year or two early than a second late.
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Mar 15, 2023 | 12:36
160
Originally Posted by biglentil
Rather be a year or two early than a second late.
Absolutely true. The trouble is, how many people have been a decade or three or more early for the inevitable collapse.
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Mar 15, 2023 | 13:25
161
Originally Posted by AlbertaFarmer5
Absolutely true. The trouble is, how many people have been a decade or three or more early for the inevitable collapse.
Or rise.
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Mar 15, 2023 | 14:18
162
Bought all the oil and bank stocks I could today.
The US extended the system after the gold window closed back in 1971 and thats gone for 50 yrs. Imagine we have a ways to go yet.
Last edited by jazz; Mar 15, 2023 at 14:21.
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Mar 15, 2023 | 16:34
163
Some buyers accumulated lots of tonnes here in Nov then vanished until early Feb.
Reputable buyers.
They just couldnt access any more capitol until there first boat sailed.
Wondering if current situiation is going to put a credit crunch on traders and those who buy of the traders.
Many farmers thing traders have unlimted funds well they havent especially the smaller exporters that might on do 2 or 3 shared vessels
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Mar 16, 2023 | 07:27
164
Whats another $2tn among friends.
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Mar 16, 2023 | 07:34
165
Originally Posted by jazz
Whats another $2tn among friends.
Is that not QE?
Everybody pays as prices vo up and savings loose value.
Wages will be next.
Treudau is floating a balloon on big handouts in the new budget.
Last edited by shtferbrains; Mar 16, 2023 at 07:37.
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Mar 16, 2023 | 07:38
166
Originally Posted by shtferbrains
Is that not QE?
Everybody pays as prices vo up and savings loose value.
Wages will be next.
I guess technically a 0% interest loan. Banks will use it to shore up their balance sheet until this blows over, then they will be out playing with it in the markets again shortly.
You can expect inflation to continue, it will never be back to 2% now.
Where will the next speculative bubble come from now. We have had housing, tech a couple times. Could commodities be the next round especially with BRIICS action.
Last edited by jazz; Mar 16, 2023 at 07:42.
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Mar 16, 2023 | 08:18
167
ECB hikes rates 50 points (1/2%) this morning. No words . . . .
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Mar 16, 2023 | 08:35
168
Diesel rack dropped 5 cents overnight.
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Mar 16, 2023 | 08:38
169
Originally Posted by Taiga
Diesel rack dropped 5 cents overnight.
It's going lower . . . .
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Mar 16, 2023 | 12:30
171
There is just over $9Trillion in deposits in the US banking system….
The FDIC $250,000 per account covers about $150Billion… of the $9 Trillion on deposits.
The smaller tier 2 Banks were Required to buy the Treasures… by the Regulators…
Apparently PayPal put out a Tweet last Thursday to pull the money out of SVB… causing the contagion snowballing the $42 Billion withdrawal in one day… virtually impossible to cover for SVB.
The Fed is required to back the the $9T system…
The Pandemic banking with our internet and deposits using our smart phones…./internet transfers…. Has irreversibly changed the speed and volume of currency movements.
Interesting times!!!
Cheers
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Mar 25, 2023 | 05:49
172
Powell stated that rates cuts aren’t on the table this year (as sweat pooled on his brow). Translation, central banks will cave and cut rates possibly this summer (IMO).
Central bank policy fallout has been enormous. Policy foresight? Can a central banker be fired? Inflation is now the least of Powell’s concerns.
It’s a full-on credit crisis. Now banks won’t lend to banks. Investors, deer-in-the-headlights assuming central bank manipulation will always be there to clean up the mess . . . .
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Mar 25, 2023 | 07:09
173
How can our government claim to be fighting inflation by pushing up interest rates and then increase the carbon tax that inflates the price of everything?
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Mar 25, 2023 | 07:20
174
Originally Posted by shtferbrains
How can our government claim to be fighting inflation by pushing up interest rates and then increase the carbon tax that inflates the price of everything?
And that cost increase is built into every single product and service in the entire economy, multiple times over in many cases, the only possible way to achieve a 2% inflation Target is to have the economy shrinking faster than the CO2 tax is increasing.
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Mar 25, 2023 | 07:27
175
Irresponsible government spending, lack of accountability, plus a naive generation expecting to work less for more social benefits is forcing taxes sharply higher. This isn’t real and sustainable inflation.
This leads us straight into the current debt crisis and accelerating asset deflation. Banks are in a serious crisis.
This situation far worse than 2008, because of prolonged central bank manipulation. Credit crisis will deepen into 2024 and 2025 (IMO).
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Mar 25, 2023 | 07:27
176
Originally Posted by shtferbrains
How can our government claim to be fighting inflation by pushing up interest rates and then increase the carbon tax that inflates the price of everything?
The intelligence of the average canadian is going down way faster than the rate of inflation.
They voted for this and were bought off with those miniscule carbon tax rebates that didnt even come close to covering the increased costs. But getting a cheque in the mail has a big effect on some people even if its only for $200.
Now that credit is being pulled from the system, your recession is baked in. They can print all the money they want but if it cant get off the computer and into the so called real economy, then that is a contraction.
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Mar 25, 2023 | 07:36
177
Originally Posted by jazz
The intelligence of the average canadian is going down way faster than the rate of inflation.
They voted for this and were bought off with those miniscule carbon tax rebates that didnt even come close to covering the increased costs. But getting a cheque in the mail has a big effect on some people even if its only for $200..
I think this issue is much more malicious than Just gross ignorance and greed. I think the average low information voter really bought into the idea that the CO2 tax is disproportionately paid by big emitters / big corporations. The enthusiasm for the stick it to the man mantra, and consequences be damned is stronger than ever, just read the posts by our own resident socialist low IQ voters on this website.
Last edited by AlbertaFarmer5; Mar 25, 2023 at 07:49.
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Mar 25, 2023 | 07:47
178
Originally Posted by AlbertaFarmer5
Just gross ignorance and greed. I think the average low information voter really bought into the idea that the CO2 tax is disproportionately paid by big emitters / big corporations. The enthusiasm for the stick it to the man mantra, and consequences be damned is stronger than ever, just read the posts by our own resident socialist low IQ voters on this website.
Simple reality is it is consumers that get the carbon tax rebate, business does not, consumers vote, businesses don’t. Imagine the carbon tax payed per year by the average trucking company with no rebate and that goes up 30% April 1. And yes there is no doubt leaning to left politically lowers your real world IQ!!!
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Mar 25, 2023 | 09:46
179
For some reason consumers don't understand that the big box stores pass the rise in shipping costs down to them. April 1 inflation will rise for joe six pack doesn't matter what the price of million dollar shacks in Toronto or 2023 3/4 ton trucks does.
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Mar 25, 2023 | 10:24
180
All good answers that those in charge never understand. or they do and WANT to undo the country.
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