Over reliance ....

[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!

[farmaholic]

What do you want farmland to be less than a combine or tractor !

Get in the game !

The combine and tractor aren't "worth" what they "cost" either!!!

[tubs]

moving manufactoring to Canada is not going to happen. Canada is becoming China we just about have marshall law hear, people can not think for themselves no more. people that can think for themselves are being villafied welcome to communist Canada. With comrad Trudeau in charge.

[farmaholic]

Yes they are ! Equipment is going for more than new at auctions !

Bulk fuel tanks, JD4020's, Degelman heavy harrows and land rollers don't count....😉

It's the over inflated cost of new iron sitting on Stealer's lots that are supporting used iron.

[beaverdam]

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.

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

You mean, save peoples Pensions? you mean save peoples IRA's, RRSP's TFSA's, Mutual funds?
How low do you want all that stuff to go to? If it drops 10%, 25%, 50% even 80%,,, then what???

[errolanderson]

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

You mean, save peoples Pensions? you mean save peoples IRA's, RRSP's TFSA's, Mutual funds?
How low do you want all that stuff to go to? If it drops 10%, 25%, 50% even 80%,,, then what???

The horse is long gone out of this corral . . . .

Fed Keynes policies have done nothing but built an enormous unsustainable bubble that is now blowing sky high. The Fed is now in panic mode in an attempt to dose the flames. And it ain’t workin . . . .

We are simply at the end of a capitalist business cycle that is in desperate need of refreshing, and it will refresh, Fed or no Fed. Yes, pension funds, retirement funds if exposed into high risk and asset values are now at-total risk. But this carnage would have been far less painful (IMO) had central banks simply gotten the hell out-of-the-way and let true economics rule. But now we have a much bigger (Fed built) financial problem and the pain begins whether the Fed injects $2.3 trillion yesterday or not.

The green seeds of the new economy will again sprout

[jazz]

The horse is long gone out of this corral . . . .

The total stimulus injection into the US is about $12T. That's one country. Who knows what the rest of the world has done. Canada has put about $180B. We are short by a factor of 10 to keep a first world economy going. US can maybe afford this, but we cant. Either we will debt bomb ourselves or the peak of standard of living has been reached in this country.

And remember, Trudeau killed dozens of resource projects that could have led us out of this. usually consumer spending leads a country out a recession, that's at the back end now probably a couple yrs out if it every returns to pre covid levels. Some people will be on the govt dole forever. Hundreds if businesses will not bother to reopen.

Trudeau is so pretty for the cameras right now, he has no idea whats coming.

[beaverdam]

The horse is long gone out of this corral . . . .

Fed Keynes policies have done nothing but built an enormous unsustainable bubble that is now blowing sky high. The Fed is now in panic mode in an attempt to dose the flames. And it ain’t workin . . . .

We are simply at the end of a capitalist business cycle that is in desperate need of refreshing, and it will refresh, Fed or no Fed. Yes, pension funds, retirement funds if exposed into high risk and asset values are now at-total risk. But this carnage would have been far less painful (IMO) had central banks simply gotten the hell out-of-the-way and let true economics rule. But now we have a much bigger (Fed built) financial problem and the pain begins whether the Fed injects $2.3 trillion yesterday or not.

The green seeds of the new economy will again sprout

"But this carnage would have been far less painful (IMO) had central banks simply gotten the hell out-of-the-way and let true economics rule."

I agree entirely.
Much pain ahead for many that expect it,,, but also plenty of pain for many, that don't expect it !

[Hopalong]

See gold futures price moving up, anyone have prediction on currency values and status of $US as world reserve currency?