Over reliance ....

[malleefarmer]

Well it was almost refreshing to see something else other than our heavily censored media .

Media ain’t to bad in oz. some reporters grate your gears but that’s life in general eh and truth is compromised.

Errrr Internet forums are similar, check check and double check some of the claims on here but refrain.

A Australian businessman interviewed today on radio said normality is returning to China but and here’s the big but cant import can’t export.

Another comment he made re over reliance on China and the haters, well he said pea and thimble , India Thailand Taiwan will become least cost suppliers at chinas expense. Will just shift 15 yrs time everything will be made in India.

Other comment I didn’t really realise he said China’s population need to eat whereas India to a large degree is self sufficient for food.

He kinda went down the careful,what you wish for line.

Do I agree or disagree still pondering but you know I’ve said world needs strong China. Strong USA India .

Some suggest Putin is manouvering as well, he’s been kinda quite. Guess oil is his ace of spades, was gonna say trump card but might be misconstrued

[errolanderson]

Blame China, but how about blaming ourselves . . .

Corporate America fed off of China. Just watch an episode of Shark Tank. Do they care about how China made product arrives globally? All they worry about is the landed price. How much profit can be made via cheap labor in another country and its ability to supply. That’s all that matters. Let’s let the good times roll . . . .

We are sitting ducks because of our ‘feed me now’ mentality. This is not just medicines, this is everything including financial markets. What about rare earth metals? . . . the elephant in the room.

This pandemic is a wake-up call. Consumerism will be forever changed. There is no snapback to the good old days of raging mind-blowing bank profits fed by bloated consumer debt. Now Wall Street banks are looking for bailouts. The spell of Trumpism stateside may take on a whole new meaning. Politics and what is important may become be a totally different beast. Feed me now mentality may no longer be as important.

[burnt]

........The spell of Trumpism stateside may take on a whole new meaning......

You have an audience - don't stop there?

[Misterjade9]

Errol, you say consumerism is going to change, how? Will corporate NA change and how?

Here are my questions

1. Will consumers be willing to spend more of their disposable income on the necessities of life, or will
there be no more disposable income?


2. Will corporate Canada and America be willing to take less, but have those jobs onshore?

3. Will unionized labor realize that if they quit asking for more and more and more those jobs that left will
comeback?

4. Will business and labor work together to achieve this?

5. The big one, will consumers be willing to pay more for a food and medical supply chain that for the most part is in country?

[errolanderson]

You have an audience - don't stop there?

The political miscalculation and ultimate failure of American protectionism . . . .

[errolanderson]

Errol, you say consumerism is going to change, how? Will corporate NA change and how?

Here are my questions

1. Will consumers be willing to spend more of their disposable income on the necessities of life, or will
there be no more disposable income?


2. Will corporate Canada and America be willing to take less, but have those jobs onshore?

3. Will unionized labor realize that if they quit asking for more and more and more those jobs that left will
comeback?

4. Will business and labor work together to achieve this?

5. The big one, will consumers be willing to pay more for a food and medical supply chain that for the most part is in country?

1. We are already in the early stages of a depression. Disposable income? Those in a cash position have the power. Assets pennies on-the-dollar will create the green buds of the new economy in the years ahead.

2. Corporations will take less because there is no choice. There is another shoe-to-drop. The S & P 500 index will have a total makeover over the next five (5) years. Its make-up may be unrecognizable by 2025.

3. Those jobs will not come back. Technology and automation is overwhelming labour unions.

4. They don’t have a choice. Both sides have lost power due to a changing consumer. Minimalism is starting to gain traction. Consumer debt and easy money from the banker is no longer hip. These are dreaded incoming consumer changes that make bankers cringe. Remember, the U.S. economy is made up more than 70 percent consumer spending. Corporate board of directors have some serious head scratching with a serious change in consumer spending.

5. Consumers will become frugal and look for alternatives. Corporate America make be ‘up against it’ attempting to turbo-charge profits in this environment. This is an excellent question. One thing for sure . . . The consumer will decide, not politics (IMO).

[errolanderson]

Here we go again . . . .

The Fed has thrown a bazooka at markets yesterday (now far beyond tactics used in 2008) to save U.S. stock markets from another crash. But just like 2008, the Fed is again throwing hedge funds an undeserved lifeline for their mistakes and greed and mistakes in corporate stock buybacks which artificially pushed stocks to historic highs with little to no fundamental backing. Valuations were ridiculous . . . .

The Fed now has control of the entire U.S. bond market. Should stocks leg to fresh lows this spring; is the Fed going to start purchasing equities as well?

Save Wall Street greed at any cost is again the motto . . . except this time, it just got a whole lot worse.

[the big wheel]

Keeping in mind we don’t have the domestic population to use our own resources up goods whether raw or manufactured have to leave here for wealth to happen. Or is that now wrong?

[bucket]

Don't know if this is relevant but Air Canada stock is up ....while their employees are paid by government and really no one should be travelling...???????

[farmaholic]

artificially pushed stocks to historic highs with little to no fundamental backing. Valuations were ridiculous . . . .

Replace the word "stocks" with farmland and the same is true!