Author Topic: The Economy is Going to Implode  (Read 123755 times)

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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #1000 on: March 08, 2024, 08:53:48 AM »
Unemployment ticks up and naturally WallSt is happy...

And the numbers good this month/oops revised last month down game is getting so old...

https://www.zerohedge.com/markets/february-jobs-soar-275k-smashing-estimates-january-revised-shaprly-lower-and-unemployment

The economy is bifurcated...normal folks are struggling or significantly impacted and changing their purchasing decisions...the 1% notice nothing...
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Online patentlymn

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Re: The Economy is Going to Implode
« Reply #1001 on: March 08, 2024, 02:50:38 PM »
This guy is some lower class real smart trader from England. He was expelled from school then went to the LSE and made a fortune as a trader. He talks mostly about rising inequality. Entertaining. Almost 2 hours long. This applies to US also.


https://youtu.be/-o2REr4bs8A
Britain’s Economy Will Only Get Worse. Here’s How | Aaron Bastani meets Gary Stevenson

206,482 views  Premiered Mar 3, 2024  Downstream - NEW episodes every Sunday 6pm UK
Gary Stevenson (aka@garyseconomics) went from being Citibank's most profitable trader to one of the world's most incisive critics of the financial system.

Gary sat down with Aaron to discuss the lightbulb moment that led him away from trading, how economists can't predict anything and why the UK middle class is doomed.

Gary's book, 'The Trading Game' is out on the 5th March - you can pre-order it here:https://www.penguin.co.uk/books/45580...

00:00 Intro
03:32 Gary's Origins
13:41 The Trading Floor
24:24 Gary's First Bonus
33:34 Were You Happy?
36:41 The World's Best Economists
44:26 The Economy Will Get Worse Forever
1:01:25 How Do We Fix It?
1:20:45 Will Labour Change Anything?
1:24:34 Mental Health Impact
1:35:41 The Problem With The Media
1:43:50 What Does The Near Future Look Like?

https://www.amazon.com/Trading-Game-Confession-Gary-Stevenson/dp/0593727215/

The Trading Game: A Confession Hardcover – March 5, 2024
by Gary Stevenson (Author)
Quote
A vivid, blistering memoir that takes readers inside the high-stakes drama and hubris of the trading floor, a rags-to-riches tale of Citibank’s one-time most profitable trader, and why he gave it all up
 
“Darker than [Liar’s Poker], but if anything even more of a rollicking read . . . the clearest account I’ve ever read of how trading desks really work.”—Felix Salmon, Axios

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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #1002 on: March 11, 2024, 09:12:47 AM »
People don't like dark subjects...and I mean not just morons, even smart people recoil at darkness around them...but at least the latter are not as easily sucked into the mindless drivel dominating socialist media platforms filled with mouth-breathing morons relishing in the beat-down the state indoctrinates them to despise and relish in their suffering...little knowing they are pawns in a dying system...

OK, maybe reading dark truths is jading me more than usual...

Anyway, economics, markets, fiscal policy...yes, yes...well not devoid of kabuki there, are they?

And the casinos are open, let the fun begin...

https://www.zerohedge.com/markets/futures-drop-nvidia-extends-slide-japan-stocks-tumble-bitcoin-hits-72000

Expect to see some profit shaving on NVDA designed to scare the nervous into dumping so big fish can swoop in and feed.  See, the big fish make money regardless of the direction of the markets and its produce, though a too downward period eventually impedes their opportunity, leading to the quick pump & dump strategy...we're not at the latter yet...and a whole summer of fun including intense Fed-watching and a fall filled with political hooliganism...

And pivoting to gold, we see an entirely rational rise in price...

https://www.zerohedge.com/markets/gold-spurred-fed-pricing-still-below-inflation-adjusted-peak

Banks have been buying, a clear sign that inflation remains a concern as does having something real if stuff goes sideways (see harseshat fiscal situation and adding $1T to the national debt every 100 days!)...and still, the Feds refuse to say how much it actually has on-hand...with another handoff of German deposits returned to Germany in recent months.

What remains a surprise to me is the lagging nature of silver compared to gold, right now we are at a ratio of almost 89:1...levels not seen since the 1940's...  It is obvious more demand has kicked in for gold, but it isn't as if demand for silver is nonexistent...it is still used extensively in jewelry, electronics in computers, cell phones and a host of other electronic devices like batteries and fuel cells, solar panels, RFIDs, etc...and naturally collectors comprise the balance of demand.  So this increasing ratio indicates there is still some manipulation hiding, and its shifted largely to non-US entities, and I say that in wink-wink mode as it is akin to clean US IC hands given the Five Eyes relationship (FYI - see the nefarious "Trump Dossier"!).
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #1003 on: March 11, 2024, 11:11:08 AM »
This is good, Trump tariffs debunked and FJB's BBB & energy destruction driven by greenie insanity BS nailed for rising food costs globally!

https://theconservativetreehouse.com/blog/2024/03/10/right-on-inflation-wrong-on-tariffs-gary-cohn-outlines-biden-inflation-and-state-of-economy-for-2024-election/

And the FJB spending spree that didn't need to happen (driven by weaponization of policy and DeepState follies) added fuel to the inflation fire!

Good read, read it all.  All part of the Cloward-Piven crisis creation and destruction scheme!

Organic energy is good!  Say it loud and say it proud!

And more on Trump tariffs here - https://theconservativetreehouse.com/blog/2024/03/10/the-empirical-maganomic-reality-that-destroys-gary-cohns-claim-about-trump-tariffs/

The DeepState and Trump Derrangement Syndrome drives everything these idiots do!



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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #1004 on: March 12, 2024, 08:30:06 AM »
Again, remember that numbers are cooked...always have been always will be...having said that CPI remains high and core went up a tick...and the "super core" went up more.

https://www.zerohedge.com/markets/inflation-hot-consumer-prices-hit-new-record-high-19-bidenomics-began

Bottom line - Finally, we note that consumer prices have not fallen in a single month since President Biden's term began (July 2022 was the closest with 'unchanged'), which leaves overall prices up 19% since Bidenomics was unleashed. And prices have never been more expensive...



And for a second kick to the groin...real wage growth sucks -



Bidenomics continues to annihilate the 99%.  They ought to be righteously pissed off.
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Online patentlymn

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Re: The Economy is Going to Implode
« Reply #1005 on: March 12, 2024, 08:03:51 PM »

I kinda like this guy. Some smart brit who grew up poor, got kicked out of school, graduated from London School of Economics, and made millions as a trader. Gary Stevenson

https://www.youtube.com/@garyseconomics

https://youtu.be/15ZDE0f9s_0
« Last Edit: March 12, 2024, 10:21:46 PM by patentlymn »
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #1006 on: March 14, 2024, 10:03:37 AM »
Lot of bad news this morning for Bidenomics...

Retail puked  - https://www.zerohedge.com/personal-finance/real-retail-sales-tumbled-second-straight-month-february

PPI showing inflation remains hot - https://www.zerohedge.com/personal-finance/producer-prices-surged-again-february-energy-costs-re-accelerated

Looks like a Fed soft landing may be getting harder...
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #1007 on: March 15, 2024, 08:12:51 AM »
Demonazis, Cucks, imbeciles and fools love a stagflationary sh*tshow...

https://www.zerohedge.com/markets/despite-all-benefits-illegal-immigrants-ny-manufacturing-sector-stagflationary-sh*tshow

This looks like success to those psychotics...
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #1008 on: March 18, 2024, 10:18:11 AM »
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Online patentlymn

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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #1010 on: March 19, 2024, 08:32:11 AM »
Goodbye jobs...goodbye livelihoods...goodbye freedom...

https://www.zerohedge.com/markets/biden-admin-preparing-toughest-ever-auto-emission-standards


Yup, her essays were a good takedown of what the various tribes exercising cultural Marxism of today originated from.  IIRC she did a lot of talk shows back in the day on a lot of the topics she discussed.
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #1011 on: March 19, 2024, 09:14:53 AM »
This may help people plan now for what will be coming fast as AI rises in use...

https://www.zerohedge.com/technology/these-will-be-jobs-most-impacted-ai

Plan now or suffer.

And something "stackers" have known from the start...

Trusting governments to moderate spending after an expenditure binge is simply an extremely dangerous bet that always ends with worse conditions for citizens. Once they start, they cannot stop, and the inevitable end is higher taxes, weaker growth, lower real wages, and a decline in the purchasing power of the dollar. All the figures in the U.S. economy scream “buy gold” because the government will always prefer to destroy the currency than to moderate the budget deficit and government size in the economy.
https://www.zerohedge.com/economics/us-economic-conditions-scream-buy-gold

I have to believe the number of buying opportunities before things go monkey pooh are a lot shorter than people think.

And this has been a concern of mine for some time...they way They/Them are destroying things CRE is the banking industries canary-in-the-coal-mine and we've seen some near collapses already...and the conditions are not getting better...


https://www.zerohedge.com/markets/visualizing-major-us-banks-commercial-real-estate-exposure

The big banks should be building up cash reserves to cover potential loses though they always attract Congresscritter bailouts too (grrrr!) but the Regionals...the article mentions Wells has been building up cash...what about the others?

M&T 40.1%, Huntington 33.2%, Zions 29.3% & Citizens 23.1%?

 ::speechless::

And this I do not get at all...

Nvidia (NVDA) slips 1% as analysts noted that its much-anticipated AI event had no major surprise announcements.
https://www.zerohedge.com/markets/us-futures-slide-nvidia-keynote-disappoints-and-fomc-decision-looms

The Goldman right up lists all the good reasons why NVDA is still a solid target for 1,000 by year end and their last quarterly earnings were just gargantuan...yet OMG no new big news and it's down 2.4% so far this morning?  WTF?  These people and their batshyt crazy likely over-spoiled expectations are not rational...but that is casino world for ya.

I see the Bidenflation, war against energy, grotesque defecit spending without end, job destruction, banking stress, brainless warmongering and weaponized government run amok a lot bigger risks overall.
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #1012 on: March 21, 2024, 09:27:56 AM »
Hide the damage...

https://www.zerohedge.com/markets/continuing-jobless-claims-revised-down-20th-straight-week

And according to the data...business as usual is not going to tame inflation...

https://www.zerohedge.com/markets/did-you-spot-gorilla-feds-meeting-room

...but they are scared sh*tless to hike again or tighten money...they're trapped in a web of their own design...and FJB just keeps spending on boondoggles like a drunken fool...

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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #1013 on: March 22, 2024, 09:09:49 AM »
https://www.zerohedge.com/markets/nike-warns-sales-squeeze-during-sneaker-shift

Gosh, what impact on "spoilage" will this have?  Ya know there is a certain demand group that doesn't pay for products...
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Online ToddF

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Re: The Economy is Going to Implode
« Reply #1014 on: March 22, 2024, 09:32:43 AM »
You mean the demographic that isn't exactly looting Red Wing Work Boots?

Offline Libertas

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Re: The Economy is Going to Implode
« Reply #1015 on: March 22, 2024, 11:09:08 AM »
Heh, yeah.
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #1016 on: March 26, 2024, 11:27:51 AM »
So...

https://thelibertydaily.com/trumps-social-media-company-soars-its-first-day/

https://finviz.com/quote.ashx?t=DJT&p=d

...how long until this corrupt government starts persecuting this company?
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Offline Libertas

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Online patentlymn

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Re: The Economy is Going to Implode
« Reply #1018 on: March 26, 2024, 01:45:41 PM »
Bidenomics and Gruesome Newsom stupidity keep piling it on...

https://www.thegatewaypundit.com/2024/03/crisis-declared-california-state-farm-announces-72000-policies/

https://www.thegatewaypundit.com/2024/03/predictable-california-fast-food-restaurants-slash-jobs-as/

PREDICTABLE: California Fast Food Restaurants Slash Jobs as New $20 Minimum Wage is About to Take Effect

I see that places like McDonalds only provide specials through their ap as a way to reduce labor.
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #1019 on: Today at 08:51:46 AM »
https://www.zerohedge.com/markets/leaked-document-reveals-amazon-about-dump-office-space-cost-cutting-move-amid-cre-tower

Better start watching the banking sector closely for those tied up with significant CRE risk!

And the nation continues to ascend on a Zimbabwean trajectory...

https://www.zerohedge.com/markets/cbo-director-warns-debt-market-meltdown-us-debt-unprecedented-trajectory

...and The Fed, Congress...everybody just thinks all is peachy...

https://www.usdebtclock.org/
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