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AGelbert

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Re: Money
« Reply #315 on: February 17, 2018, 07:55:28 pm »


February 16, 2018

The Free Market  🐉🦕🦖🦀 Threat🌪 to Democracy 🕊🌈🦋

Democratic institutions are not under stress--they're under aggressive attack, as unconstrained financial greed overrides democratic decisions, says economist John Weeks


http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=21125%27%20style=%27color:#000;

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AGelbert

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Re: Money
« Reply #316 on: February 22, 2018, 05:47:28 pm »

David Stockman: "This Time Is Completely Different...But Not In A Good Way"

by Tyler Durden 

Thu, 02/22/2018 - 15:00

Authored by David Stockman via Contra Corner blog

SNIPPET 1:

In other words, we are now at nearly the same cycle duration as in March 2000 (month #104 vs. #109) and at the almost the same insane PE multiple (26.9X  vs. 29.4X), but these current unsustainable valuations are coming off a dramatically weaker performance trend. In fact, the current 10-year earnings growth rate of 2.3% is just one-fourth of that recorded during the tech boom of the 1990s.

So it would be fair to say that the Trump Trade is already way over its skis, and that's before we consider the "Trump"🦀 element of the equation. That is to say, the self-proclaimed King of Debt has now panicked Imperial Washington into an utterly lunatic fiscal binge at the very tail end of the business cycle, which will result in a 6% of GDP or higher borrowing rate.

That represents the exact opposite of the relatively benign conditions which prevailed when the market was last at these valuation extremes exactly 18 years ago.

SNIPPET 2:

In other words, Washington had used the great (but unsustainable) tech boom to get its fiscal house in a semblance of order. By contrast, the most polite way to characterize policy during the so-called expansion of the Bernanke-Yellen era is that Washington looked a gift horse in the mouth and then blew its head off.🌪

Full article with reality based charts: ;D

https://www.zerohedge.com/news/2018-02-22/david-stockman-time-completely-differentbut-not-good-way
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AGelbert

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Re: Money
« Reply #317 on: February 28, 2018, 04:50:01 pm »


Dow Jones 🌠 hit by worst fall since 2008

Fedruary 5, 2018 17 minutes ago

The Dow Jones Industrial Average has plunged by nearly MORE THAN ;D a 1,000 points in the biggest one day falls since the financial crisis.

The leading US stock market index is down 4% at 24,484.15.

It is the worst drop in points since September 2008 when a plan to rescue the US banking industry was rejected.

The decline extends losses on Friday, when strong wage growth data raised the prospect of accelerated interest rate rises.

Monday's sell-off surpasses a 777.68 points drop on the Dow Jones on 29 September 2008 when Congress rebuffed a $700bn bank bailout plan following the collapse of US investment bank Lehman Brothers earlier that month.

The decline in the Dow was closely followed by the wider S&P 500 stock index, down 2.93% and the technology-heavy Nasdaq, down 3.2%.

London's main share index, the FTSE 100, closed down 1.46% while earlier, the biggest markets in Asia fell between 1% and 2.5%.

The decline followed months of market increases, which had fuelled concerns that share prices were over valued.

The Dow's dramatic fall marks a turnaround from January, when it raced past the 25,000 and 26,000 point milestones in less than a month.

David Madden, market analyst at CMC Markets, said: "Equity traders were enjoying a bullish run recently, and the jolt from the major decline in the US last Friday has triggered a worldwide round of profit taking."

US shares suffer sharpest drop since 2016

The Dow Jones rose more than 25% in 2017 - a year which was also unusual for its lack of sharp moves.

"There is going to be more volatility this year, " Andrew Wilson chief executive of Goldman Sachs Asset Management, told the BBC.

"We are in a cycle where central banks are reducing the amount of bonds they are buying and some central banks putting up interest rates," he said.

Strong wage gains reported on Friday provided a catalyst for the most recent losses, as investors saw it as a sign that inflation and interest rates might move faster than previously anticipated.

On Friday there was a hefty 4% loss for shares in Apple, which had been one of the markets' star performers in recent years.

That selling came despite a solid trading update from the company.

http://www.bbc.com/news/business-42942921



Credit where credit is due.

Call it the TRUMP SLUMP.




Surly: You were, and still are, SPOT ON about the TRUMP 🦀 SLUMP!

🌠




David Stockman: "This Time Is Completely Different...But Not In A Good Way"

by Tyler Durden 

Thu, 02/22/2018 - 15:00

Authored by David Stockman via Contra Corner blog

SNIPPET 1:

In other words, we are now at nearly the same cycle duration as in March 2000 (month #104 vs. #109) and at the almost the same insane PE multiple (26.9X  vs. 29.4X), but these current unsustainable valuations are coming off a dramatically weaker performance trend. In fact, the current 10-year earnings growth rate of 2.3% is just one-fourth of that recorded during the tech boom of the 1990s.

So it would be fair to say that the Trump Trade is already way over its skis, and that's before we consider the "Trump"🦀 element of the equation. That is to say, the self-proclaimed King of Debt has now panicked Imperial Washington into an utterly lunatic fiscal binge at the very tail end of the business cycle, which will result in a 6% of GDP or higher borrowing rate.

That represents the exact opposite of the relatively benign conditions which prevailed when the market was last at these valuation extremes exactly 18 years ago.

SNIPPET 2:

In other words, Washington had used the great (but unsustainable) tech boom to get its fiscal house in a semblance of order. By contrast, the most polite way to characterize policy during the so-called expansion of the Bernanke-Yellen era is that Washington looked a gift horse in the mouth and then blew its head off.🌪

Full article with reality based charts: ;D

https://www.zerohedge.com/news/2018-02-22/david-stockman-time-completely-differentbut-not-good-way


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AGelbert

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Re: Money
« Reply #318 on: March 01, 2018, 02:08:50 pm »
TRUMP SLUMP CRASH OF 2018 CONTINUES!


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AGelbert

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Re: Money
« Reply #319 on: March 01, 2018, 03:04:02 pm »
2% down day? Crash? Dude, the S&P has not even touched the 50 day MA on a pull back since June of 2016.

As much as some people want to have a crash, this ain't a crash. NOT EVEN CLOSE. What this really is...is a 2nd ripple from the last little rock Powell threw into the pond. It'll most likely be a smaller ripple, followed by more irrational exuberance.

And it wasn't an accident. Powell caused it to happen to cool the overheated markets...and it worked, a little bit, because you're not the only one who calls a 2% dip a crash. Maybe that makes him the Great and Mighty Oz, for the moment. Sustainable? Of course not.

But the ten year yield is FALLING. Making lower highs and lower lows, at the moment. The most likely thing is a big up day tomorrow.

Anything can happen. But the ingredients for a crash aren't here yet. jmho


Uh huh.  I do believe you have been singing that 'Powel will save us' song for quite a while. You are wrong, Eddie, David Stockman is right, Eddie. His opinion is based on reality based data. But, of course, you are always entitled to your opinion (see below).


🌠

Eddie, don't forget to add the DJIA 300 and the 380 DOWN points in the last two days to your TODAY's 'no crash here' down percentage calculations.  ;)


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AGelbert

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Re: Money
« Reply #320 on: March 01, 2018, 05:35:14 pm »
Eddie said:

Quote
Stockman is a late life convert to reality. He's decided in his old age to try to make money by being a pundit. He isn't saying anything other people weren't saying years before he jumped on the bandwagon. He's gotten some traction off Zero Hedge and his one-time political connections. He's right in a general sense, sure, but he hasn't told me (or you) anything we didn't know already.

I am in agreement with Stockman on his long term macro view. But I have learned that macro forces have nothing to do with short term market conditions, other than how they affect investor sentiment. Sentiment trumps macro every time. We have nearly ten years of proof.
l
Powell is bankster scum. I hate the Federal Reserve. But I try to stay reality based. I really don't care at all what happens to the S&P, other than I hope my life insurance company doesn't go broke over it. I have minuscule exposure and no axe to grind whatsoever.

I'm at work. Later I'll post some charts that clearly show that crash is not a word to use yet. It's no doubt coming at some point, but not now unless we have a real Black Swan (i.e.a war). BTW, my tiny pot stock portfolio has been up yesterday and today. In a real crash I doubt that'd be the case, honestly.


Sorry Eddie, but all the charts you wish to post are not applicable when it comes to the numerous charts and hard realities Stockman pointed out (that you are too stubborn to accept).

Stockman is no dummy. And you are no top notch finance expert. Here's another top notch finance expert (Paul Tudor Jones) that basically has the same picture of the TRUMP SLUMP CRASH of 2018 as Stockman does. Go ahead and pretend Paul Tudor Jones 'doesn't know what he is talking about' if you wish, but that 'attack the messenger' thing only further undermines your credibility.

An Apocalyptic Paul Tudor Jones Warns The Fed Is About To Lose Control

SNIPPET:

... the most notable part of the interview, and where PTJ's most apocalyptic sentiment shines through, is his description of where he sees Fed Chair Powell right now: as General Custer before the Battle of Little Big Horn, a battle which - at least in the history books - was lost.

Quote
Let me describe to you where I think Jerome Powell is right now as he takes the reins at the Fed. I would liken Powell to General George Custer before the Battle of the Little Bighorn, looking down at an array of menacing warriors. On the left side of the battlefield are the Stocks—the S&P 500s, the Russells, and the NASDAQs—which have grown, relative to the economy, to their largest point not just in US history, but in world history. They have generally been held at bay and well-behaved, but they are just spoiling to show their true color: two-way volatility. They gave you a taste of that in early February. Look to the middle and there waits the army of Corporate Credit, which is also larger than ever relative to the economy, as ultra-low rates have encouraged it to gain in size, stature, and strength. This army is a little more docile right now, but we know its history, and it can be deadly when stressed. And then on the right are the Foreign Currency Fighters, along with the Crypto Tribe, an alternative store of value that only exists because of the games central banks are playing; the opportunity cost of Crypto is so low, why not own some? The Foreign Currency Fighters have strengthened by 10% over the past year. Compounding the problem, they have a powerful, ascending leader, the renminbi, to challenge the US dollar’s hegemony as the reserve currency. All of these forces have been drawn to the battlefield because of our policy experiment with sustained negative real rates.

So Powell looks behind him to retreat. But standing there is none other than Inflation Nation, led by the fiercest warmongers of them all: the Commodities. He might take comfort that he is not alone on the battlefield. But then he looks over at the Washington, DC, fiscal battalion 🦀 and realizes they  are drunk on 5% deficit beer. That’s what Powell is facing, whether he recognizes it or not. And how he navigates this is going to be fascinating to watch.

Full article:

https://www.zerohedge.com/news/2018-03-01/apocalyptic-paul-tudor-jones-warns-fed-about-lose-control






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AGelbert

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Re: Money
« Reply #321 on: March 02, 2018, 05:36:54 pm »
SNIPPET from article by Charles Hugh Smith via OfTwoMinds blog:

Meanwhile, back in the real-world economy, wage earners' share of the economy continues stair-stepping down as every risk-asset bubble eventually pops: (Chart at article link)

Back in the good old days, corporate profits were the foundation of rising stock valuations. But corporate profits have stagnated while stocks have soared. (Chart at article link)

Gordon and I discuss the inconvenient reality that risk cannot be destroyed, it can only be transferred to others. So who's holding the hot potato of systemic risk now? the short answer: every participant holding risk assets, which now includes virtually every asset class.

Suppressing volatility does not mean risk has vanished; rather, it means that risk is increasing as accurate information on systemic risk is being suppressed. The global financial system is becoming increasingly fragile and thus more prone to collapse, and an artificially low measure of volatility doesn't change this reality.


Full article:

https://www.zerohedge.com/news/2018-03-02/never-mind-volatility-systemic-risk-rising

Agelbert NOTE: IOW, Da Fed 🐊 AIN'T gonna save da stock mahket, PERIOD.

Charles Hugh Smith is RIGHT!
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AGelbert

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Re: Money
« Reply #322 on: March 02, 2018, 08:05:17 pm »
Agelbert NOTE: Notice the interesting group of Fossil Fuel Fascists 🐉🦕🦖 in the above list. Yeah, I know. They just DO what they DO.
« Last Edit: March 02, 2018, 09:18:39 pm by AGelbert »
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AGelbert

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Re: Money
« Reply #323 on: March 07, 2018, 10:03:04 pm »
Agelbert NOTE: This is more evidence of a boom in world economic activity. In the light of this evidence, it is ridiculous to claim a collapse is anywhere on the horizon.

🔊  Expanded Panama Canal Marks 3,000 Vessel Crossings

March 6, 2018 by gCaptain

The MSC Caterina becomes the 3,000th vessel to transit through the Expanded Panama Canal, March 2, 2018. Photo: Panama Canal Authority

More than 3,000 vessels have now transited the Expanded Panama Canal less than two years since the new locks opened for business, the Panama Canal Authority (ACP) has announced.

The containership MSC Caterina marked the 3,000 vessel milestone during a northbound passage from the Pacific to the Atlantic Ocean last Friday. The Panamanian-flagged vessel measures 300 feet in length, 48 meters in beam, and has a total capacity of 9,000 twenty-foot containers (TEU). It was one of nine so-called Neopanamax vessels to transit through the new locks that day.

Since its opening on June 26, 2016, the Expanded Panama Canal has exceeded initial traffic expectations impacting global trade from container shipping to LNG to tankers. According to the ACP, of those first 3,000 vessels, roughly 53 percent have been from the container segment. Liquefied petroleum gas (LPG) vessels constitute another 28 percent, and liquified natural gas (LNG) carriers 💣, an entirely new segment for the Panama Canal, count for 10 percent of traffic.

Dry and liquid bulk carriers, car carriers and cruise ships make up the remaining transits.

Today’s milestone, achieved in less than two years of operation, serves as a proud reminder of the confidence that our customers and the broader maritime industry have placed in our route,” said Canal Administrator, Jorge Luis Quijano.

Previously, the MSC Anzu became the 1000th transit on March 19, 2017, and the COSCO Yantian registered the 2,000th transit on September 26, 2017. Other notable transits can seen an our earlier post, 1,000 Vessels Throuh the Expanded Panama Canal.

http://gcaptain.com/expanded-panama-canal-marks-3000-vessel-crossings/

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AGelbert

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Re: Money
« Reply #324 on: March 07, 2018, 10:29:44 pm »


March 6, 2018

Financial Deregulation 😈 💵 🎩 Bill 'Guts' Dodd-Frank

Republican Senators - with 12 Democratic co-sponsors - are pushing through a financial deregulation bill that with dismantle the post-financial crisis Dodd-Frank regulations, in the name of helping community banks. But this is just a pretext, says former financial regulator 🕵️ Bill Black


http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=21286%27%20style=%27color:#000;
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AGelbert

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Re: Money
« Reply #325 on: March 07, 2018, 11:26:36 pm »
Former Congressman David Stockman Warns 🚩 Of Unimaginable Economic Catastrophe😱


Former Congressman David Stockman warns that there will be an economic disaster.

Thom Hartmann Mar. 6, 2018 3:00 pm
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AGelbert

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Re: Money
« Reply #326 on: March 09, 2018, 08:08:18 pm »
Agelbert NOTE: More evidence that the world economy is in a boom phase, far from even a hint of a collapse. 🕵️



World’s Largest Tandem-Lift Container Cranes Arrive at MedPort Tangier Terminal

March 5, 2018 by Mike Schuler

APM Terminals’ MedPort Tangier terminal in Morrocco is set to open in 2019. Photo: APM Terminals

APM Terminals’ MedPort Tangier terminal, located on the Strait of Gibraltar, has seen the arrival of three new giant container cranes capable of handling the largest vessels now plying the Asia/Europe trade lane.

The three cranes, weighing 2,500 tons apiece, represent the largest double trolley ship-to-shore (STS) cranes ever built, and are designed specifically to handle vessels carrying 22,000 twenty-foot containers or more. When boomed up, each crane has a height of 144m and an outreach of 72m with twin-lift/tandem capability. They are also cranes remotely-operated, making for fast, safe and efficient loading and unloading services particularly suited for larger ships, according to APM Terminals.

The MedPort Tangier terminal, which is set to open in 2019m is strategically located on the Strait of Gibraltar, one of the world’s busiest and most important shipping lanes with more than 60,000 vessels passing through it each year.

Photo: APM Terminals

According to APM Terminals, the terminal operating unit of Danish conglomerate Maersk, the high-tech terminal will serve as a trans-shipment hub for Maersk Line vessels and its alliance partners and help improve global supply chain performance by attracting more vessel calls and creating more routing options.

Keith Svendsen, Chief Operating Officer of APM Terminals said, “Maersk Line commissioned APM Terminals to build and operate APM Terminals MedPort Tangier so we are designing it around the customer by integrating operational excellence, the most modern cargo handling equipment and an ideal location for connecting global supply chains. This creates the necessary port capacity for the future. Equally important, this port creates another wave of future investment momentum in Morocco as a business and trade center.”

“These cranes use digital technology to ensure the most efficiency during their movements. This will help us to deliver increased productivity throughout the process from lifting a container box off the ship, until it is delivered to its stack in the yard, and vice-versa,” added Dennis Olesen, Managing Director, APM Terminals MedPort Tangier.

A video of the cranes’ arrival at Medport Tangier is below:


http://gcaptain.com/worlds-largest-tandem-lift-container-cranes-arrive-at-medport-tangier-terminal/


How does Tandemlift work? Machineroom + Cabin view how these Massive cranes lift up to 130TON!

Container World

Published on Sep 17, 2017

Look how Belgium, England and South Africa do their tandem lifts! We received great footage of a working machineroom of a STS Tandem crane in the Port of Antwerp on the PSA terminal. I made this compilation to give you a better view inside and outside the Tandem STS Cranes! The maximum lifting capacity of the cranes in Belgium is 130ton in the cables and up to 100ton under the spreader.
Please give it a like and comment to help this channel up!


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AGelbert

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Re: Money
« Reply #327 on: March 09, 2018, 09:27:00 pm »
Income Inequality 🚩and Neoliberalism 🏴‍☠️  are Destroying 💣 Our Economy Richard Wolff


Income Inequality could be so dangerous it destroys the American Economy

Thom Hartmann Mar. 8, 2018 2:30 pm

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AGelbert

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Re: Money
« Reply #328 on: March 09, 2018, 09:38:27 pm »
Predatory Payday Lenders 👹 Are Loans You'll Never Be Able To Pay Back (Guest Mike Papantonio)


We all have times when we could use a loan but deregulation means that you could be paying it off for the rest of your life

Thom Hartmann Mar. 8, 2018 3:00 pm

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Re: Money
« Reply #329 on: March 09, 2018, 10:42:38 pm »


Economic Update: Winds 💨 of Economic Change

Friday, March 09, 2018

By Richard D. Wolff, Truthout | Audio 🔊 Segment

http://www.truth-out.org/news/item/43784-economic-update-winds-of-economic-change
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