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eph

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  Reply # 2106298 11-Oct-2018 14:51
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Dingbatt: Wow, only 2 pages and already way off topic.

 

Yeah, sorry, that is my fault.


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  Reply # 2106395 11-Oct-2018 16:46
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What's on topic?

 

World markets are having a bad day, and Trump's having a bleat about the Fed's doing the tightening that should have started before the US election.

 

Who knows - today could be the start of GFC VII.


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  Reply # 2106604 12-Oct-2018 07:58
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Fred99:

What's on topic?


World markets are having a bad day, and Trump's having a bleat about the Fed's doing the tightening that should have started before the US election.


Who knows - today could be the start of GFC VII.



Don't we need to go through GFC II, III, IV, V, and VI before we get to VII?
:-)




Areas of Geek interest: Home Theatre, HTPC, Android Tablets & Phones, iProducts.

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  Reply # 2106611 12-Oct-2018 08:38
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Dingbatt:
Fred99:

 

What's on topic?

 

 

 

World markets are having a bad day, and Trump's having a bleat about the Fed's doing the tightening that should have started before the US election.

 

 

 

Who knows - today could be the start of GFC VII.

 



Don't we need to go through GFC II, III, IV, V, and VI before we get to VII?
:-)

 

Depends when you started counting.

 


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  Reply # 2106857 12-Oct-2018 16:42
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False alarm.

 

Futures are up, Trump can claim sole credit for a yuge climb on Wall St tonight, until next time.

 

 


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  Reply # 2107655 14-Oct-2018 13:09
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Back on topic - yes markets will always eventually self correct often the reason they don't is because they are propped up longer than they should be


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  Reply # 2113620 25-Oct-2018 09:41
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I think we may be at a turning point now:

 

US Equity market indices are now all below 1 Jan value - and well off 2018 highs.  With the tumble on Wall St last night probably due to follow through to Asian markets today, those markets were already within a whisker of being officially "bear" markets - they probably will meet that definition by the end of the day. US markets are not (yet?) close to bear territory.

 

It looks like Trump has killed the WTO.
It looks like Trump's tariffs are having the impact basically everyone but Trump and Trumpists expected, increased domestic prices for raw materials (metals) killing profits for manufacturers (or they'll have to raise prices - stoking inflation which will drive interest rates back to normal levels more quickly than optimists hoped).  Subsidies for US farmers being flayed for Trump's sins being put on the never-never of the $21 trillion pile of debt.
It looks like some of Trump's corporate tax cuts went to buy-backs, propping share prices - but there's not going to be tax cuts V2 while the US is running a huge and climbing budget deficit.  Worse, if GDP growth can't be sustained, then the deficit can't be "outgrown", so taxes would need to rise or expenditure would need to be cut, especially as rising interest rates will push the cost of interest on the US deficit to the #1 cost to the economy, above "defense".
It looks like Trump also wants a 21st century full-blown arms race, cold-war style.


gzt

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  Reply # 2113629 25-Oct-2018 09:56
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That does not look good. No one needs a return to pointless military competition.

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  Reply # 2113767 25-Oct-2018 12:21
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gzt: That does not look good. No one needs a return to pointless military competition.

 

Arms manufacturers (and their investors) do.


Glurp
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  Reply # 2113777 25-Oct-2018 12:38
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Most economic activity is unnecessary for survival. Food, housing and transport are essentials. Everything else is a luxury.

 

Economic activity begets economic activity. Industries need other industries. Along with that comes jobs, disposable income, a market for things like education, culture, entertainment. 

 

Conventional arms are, regrettably, generally used as intended. But strategic nuclear weapons are designed specially not to be used. They are there for the threat alone. Deployment would have consequences too awful to contemplate.

 

So maybe an arms race is a good thing. Lots of non-essential economic activity feeding growth and prosperity. Let us all bow down to the Bomb!

 

 

 

 





I reject your reality and substitute my own. - Adam Savage
 


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  Reply # 2113831 25-Oct-2018 13:09
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Rikkitic:

 

So maybe an arms race is a good thing. Lots of non-essential economic activity feeding growth and prosperity. Let us all bow down to the Bomb!

 

 

The trouble with peace as an economic proposition is that you don't much in the way of equipment and supplies for it. 





Mike



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  Reply # 2113837 25-Oct-2018 13:19
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Rikkitic:

 

Most economic activity is unnecessary for survival. Food, housing and transport are essentials. Everything else is a luxury.

 

Economic activity begets economic activity. Industries need other industries. Along with that comes jobs, disposable income, a market for things like education, culture, entertainment. 

 

Conventional arms are, regrettably, generally used as intended. But strategic nuclear weapons are designed specially not to be used. They are there for the threat alone. Deployment would have consequences too awful to contemplate.

 

So maybe an arms race is a good thing. Lots of non-essential economic activity feeding growth and prosperity. Let us all bow down to the Bomb!

 

 

 

 

 

 

Ummm education, health are luxuries?





Mike
Retired IT Manager. 
The views stated in my posts are my personal views and not that of any other organisation.

 

 Mac user, Windows curser, Chrome OS desired.

 

The great divide is the lies from both sides.

 

 


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  Reply # 2113846 25-Oct-2018 13:48
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MikeAqua:

 

The trouble with peace as an economic proposition is that you don't much in the way of equipment and supplies for it. 

 

 

With contraceptives, roman sandals, and ammunition for your peace-pipe, what else matters?


Glurp
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  Reply # 2113984 25-Oct-2018 17:37
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MikeB4:

 

Ummm education, health are luxuries?

 

 

You have to eat. You need shelter. Transport moves things to where they have to be. That is all you need for survival. 

 

 





I reject your reality and substitute my own. - Adam Savage
 


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