Admit there is a problem interest rates and jobs

[macdon02]

I think i agree with Chuck as well. Weird.... only thing i can add, and I'm not making excuses for conservatives taking on debt, just the what-if scenario if they didn't after 08, the loonie likely would of went $2:$1 USD as we would have been seen as 1 of the most financially responsible countries in the world and that don't work when your selling commods.

[macdon02]

This is the ghost of the Leyman Bros collapse of 2008 . . . which has never been fully repaired. There is no way interest rates can move up without risk of a total global financial market washout. Central bankers are hooped, and they know it.

Now the emerging market crisis . . .

Who defaults first Errol? Italy ? Turkey? ..... but but but but low rates were the solution to prevent a crisis

[macdon02]

Seems the people want some assets rather then debt or cash

[errolanderson]

Who defaults first Errol? Italy ? Turkey? ..... but but but but low rates were the solution to prevent a crisis

macdon . . . Not sure investors understand the seriousness of the emerging market collapse right now. Between emerging market collapse,, insanity of Trump tariffs and NASDAQ sell-off, global markets have lost $1.6 trillion in capital over just the past week.

Turkey, Italy and Argentina now in a uncontrollable, dead heat to the bottom. Pick em . . . .

[MBgrower]

Correction ....Western Canada...the rest is just collateral damage...

Eastern Canada lives on government assistance...Autos, bombardier, just to name a couple industries that are intravenous money support...

All funded by Western industries....oil, agriculture, etc...

Why would Trudeau support the auto sector? It's probably the biggest contributor to c02 'polution' in this country? Hypocrit.

[hobbyfrmr]

[QUOTE=errolanderson;388433]macdon . . . Not sure investors understand the seriousness of the emerging market collapse right now. Between emerging market collapse,, insanity of Trump tariffs and NASDAQ sell-off, global markets have lost $1.6 trillion in capital over just the past week.

Turkey, Italy and Argentina now in a uncontrollable, dead heat to the bottom. Pick em . . . .[/QUOTE

I am quite ignorant on this subject.
In organic farmer terms, they tried to make a recovery on volume...printed money.... then found a lender of last resort...Germany or the EU .....now the crop/economy has been too poor to recover and reality is going to set in like a bitterly cold prairie winter?

[macdon02]

What needs to be watched for is the "contagion" where traders sell everything in the portfolio, including the good trades as it's simply risk on. Then like vultures they hunt for the next rung to let go and pound the ever living **** out of it till it kicks back or they have their pound of flesh.... no one absolutely no one will be a buyer of anything except Dollars when they exit their positions. Because each sell order needs a buy you get the vacuum to the next level. It's not the short sellers it's the lack of buyers, confidence is dead.

[errolanderson]

The Baltic Dry ocean freight index his now in-decline since mid-August. Global supply chains are beginning to seize-up. Dr. Copper has taken a turn-for-the-worse.

Global growth is now turning down, including the U.S. U.S. manufacturing declined in August.

In my opinion, a market quake has already begun. The question is now; where will it fit on the Richter scale . . . .

[biglentil]

What needs to be watched for is the "contagion" where traders sell everything in the portfolio, including the good trades as it's simply risk on. Then like vultures they hunt for the next rung to let go and pound the ever living **** out of it till it kicks back or they have their pound of flesh.... no one absolutely no one will be a buyer of anything except Dollars when they exit their positions. Because each sell order needs a buy you get the vacuum to the next level. It's not the short sellers it's the lack of buyers, confidence is dead.

Yes that happens 1st, then the wheels come off shortages happen. Venezuela coming to a living room near you. Papers only value is perceived.

[shtferbrains]

"Papers only value is perceived" ?

So who's money is at risk?

Not these guys!

The long scary read:

https://www.theguardian.com/news/2018/sep/07/the-real-goldfinger-the-london-banker-who-broke-the-world

[macdon02]

"Papers only value is perceived" ?

So who's money is at risk?

Not these guys!

The long scary read:

https://www.theguardian.com/news/2018/sep/07/the-real-goldfinger-the-london-banker-who-broke-the-world

Never ever buy gold when USD is appreciating. Till we get a month end closing over 1362 or possibly as low as 852, not positive on 852 imo but i think it's still there. Its just like a combine in the shed in winter costing you money.... cheaper not to own it and it's not gonna do anything for you. Still fun to turn the lights on and look at it. I'm not so sure gold isn't totally done. There's an entire generation that's climatized to paying with plastic. Priorities are changing and gold won't make it through airport security without being seized. Xrays driving across. To be honest if gold is actually preferred over paper.... guns and ammo are needed to defend it and there's a very good chance govt is coming for it. Roosevelt took it so precedent is set. Better off owning the miners, they'll turn first and run the whole time.

[Klause]

Never ever buy gold when USD is appreciating. Till we get a month end closing over 1362 or possibly as low as 852, not positive on 852 imo but i think it's still there. Its just like a combine in the shed in winter costing you money.... cheaper not to own it and it's not gonna do anything for you. Still fun to turn the lights on and look at it. I'm not so sure gold isn't totally done. There's an entire generation that's climatized to paying with plastic. Priorities are changing and gold won't make it through airport security without being seized. Xrays driving across. To be honest if gold is actually preferred over paper.... guns and ammo are needed to defend it and there's a very good chance govt is coming for it. Roosevelt took it so precedent is set. Better off owning the miners, they'll turn first and run the whole time.

While fools play with paper that will end up being worthless....


https://tradingeconomics.com/russia/gold-reserves https://tradingeconomics.com/russia/gold-reserves