The Death of Inflation

[canolacrazy]

Inflation or Deflation, that is the question. whichever way it goes, i think farmers are in the best position right now to deal with it. we've got a fixed asset, produce our own food and peace and quiet. i'll take that anyday.

[macdon02]

The MO of the Wall Street Bets crew is phuck the shorts, and they take a glance at USD, and decide to shit on the rug, light the house on fire and basically have a rave/mosh pit, this is gonna get real interesting. They are pushing silver to the tune of 6.5% on open tonight. These guys are not fly by night morons that are clueless, their hit list is solid, they only pick what has trend behind it, the formation is there, and they are extremely vengeful with someone else's money. They got nothing to lose. Im sure govt is looking at banning retail if net worth isn't a million plus. Paid a bill yesterday, usually it dates Monday if done after 4pm Friday, but it dated Sat. Are we going full digital currency?

[shtferbrains]

I started checking in on WSB last Feb or March mostly for the entertaining memes but also to learn about shorting with options.
At that time they were complaining about all the newbie retards joining every day and diluting the discussion much like you sometimes hear on agriville.
I think they had just gone over 1 million users.
They had some MSM attention on influencing the market then.
I found it hard to follow the convo with a lot of jargon.
All talk of puts and calls.
Ridicule any stock purchasers.


Now I think 5.4 million users.
Most all newbies buying less than 10 stocks. Not options.
Lost any general day to day market analyst.

Truly a bunch of retards have no idea but push gamestock.
Can't duplicate that everyday as most will be broke next week.

Still entertaining but DYOD.

[malleefarmer]

Germany's retail sales collapsed by 9.6% in December as a result of the strict lockdown.

Has EU countries not got the free money like many other western countries?

Or is EU associated countries or some of them gonna be first domino to fall

[Old Cowzilla]

STOCK MARKET : a trading area where Fear, Hype, and Trending set the price of a vast majority of over valued stocks. TESLA, BITCOIN and this months special CANOLA !!!!!!!!

[shtferbrains]

EU runs on euro, common currency controled out of Brussels.

Has been a problem in some situations for some countries.

UK never adopted it as they wanted to control thier own.

[jazz]

Truly a bunch of retards have no idea but push gamestock.
Can't duplicate that everyday as most will be broke next week.

Still entertaining but DYOD.

Are these guys the equivalent of the shoe shine boys giving market tips back in the 30s? Or the dot com mania in 2000 or the mortgage defaults in 2008 that caused the GFC.

When there is dumb money in the market that always goes bad.

[shtferbrains]

Are these guys the equivalent of the shoe shine boys giving market tips back in the 30s? Or the dot com mania in 2000 or the mortgage defaults in 2008 that caused the GFC.

When there is dumb money in the market that always goes bad.

There certainly are some there who can explain a short squeeze very well. But they are a small minority at this time.
Many newbies seem to be there because they are SJW and like sticking it to wall street.

Might work for a while.

If you like trading extreme volatility it's an opportunity.

[jazz]

Former PM Harper on covid and the economy.

Man are Canadians stupid to throw out an intelligent, well spoken adult with a MA in economics for a hairbrained blackface idiot man child.

https://twitter.com/inklessPW/status/1355921242939740163

Full video interview further down in the thread.

[Richard5]

[QUOTE=TOM4CWB;485390]errolanderson;

Something is missing from your 'bubble' 'lack of inflation' theory:

Housing, Real estate, farm land, farm inputs, grain prices, livestock, food prices, minimum wages, equipment cost, virtually all 'real assets' have increased significantly over the past 5 and 10 years.


IMO, the main reason all of the above has increased is because money seems to be very easy to obtain and interest rates are low. You never used to be able to finance inputs 20 years ago and now you really don't have to Although farming profits have been very strong for the best of the best, my accountant tells me some it is very common to have 13000 acre farms with 18 mill debt and worst case they have seen is farms larger than 20,000 acres have over 40 mill in mtg debt, lease all the equipment (which is just a different form of debt). These farms also have had significant losses on financial statements in 5 out of the last 7 years.

My question would be if farming has been good for the past while (and I feel it has), why such large debt? What don't they understand about the position they are in or are they driving down a road in a big snow storm. Buying new equipment every year doesn't make you any more money but it appears for some, this is a significant mental disease.

There will be a huge day of reckoning soon for some.

[Taiga]

Absolutely, look at this cluster-*** insolvency, banks are/were just handing money out with very little regard to profitability. I guess the shine wears off every OYF eventually.

https://www.bowragroup.com/kalcofarms

[helmsdale]

Absolutely, look at this cluster-*** insolvency, banks are/were just handing money out with very little regard to profitability. I guess the shine wears off every OYF eventually.

https://www.bowragroup.com/kalcofarms

Wow... Into BMO alone for ~16.5 Million...

I see they paid out Input Capital, and CCGA with a restructuring of this debt in 2018. Restructure initiated in 2018, and they as of late last year, owe more than they initially recieved. Nice...