Has the Dow lost any and all connection to the real world? (Rhetorical)
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Market Bubbles: How Many Boats are We On?
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Originally posted by burnt View PostI can remember quite clearly the days when my banker didn't agree with that modus operandi on my part.
Very clearly.
Indelible.
I once asked my banker if we were reaching the point where if we don't make the payments it is the banks problems.
She normally has a really good sense of humour.
She was quite emphatic when she informed me that it will always be my problem.
So much for that idea.
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Oh well, it was a fun thought while it lasted....
A nearby, long-established, 160 head dairy farmer just bought a turnkey, 150 ac dairy operation 120 kg quota, milking around 100 cows. Fairly new buildings, house.
He paid $12,000,000 for it.
An excellent operator, owned about 900 acres up until now, accumulated over the past 25 years.
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Some bubbles have broken. Broad-based break in global commodity prices now in-progress. Energies, base commodities, grains all under pressure.
Buyers reverting to cheaper Black Sea supplies. Dropping flax values. Paris wheat under heavy selling. Realize the internet doesn't believe, but food prices could be lower in 2022 (IMO). Inflation now waning (IMO).
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Originally posted by jazz View Post[ATTACH]9340[/ATTACH].
Unfortunately, sock puppet and buddies pissed most of it into the wind.
That's what happens when you elect a PM who never had to work for a living.
Never learned the value of money. Only knows how to tax and spend
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Originally posted by HITTG****vine View PostNothing wrong with taking on debt, if you're smart enough to use borrowed money wisely.
Instead we are debt laden for the rest of our lives and the next 5 generations, if the country still exists by that time.
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Apparently, U.S. stocks have now lost $5 trillion in value since November led by the collapse of software and internet stocks. NASDAQ has had the worst month since 2008. Crypto collapse full-on.
Now central banks are preparing to contribute to the carnage and hike rates in the name of inflation . . . . Meanwhile, huge incoming risks of asset price deflation now licking-at-the-doorstep as debt loads totally unsustainable.
QE has run-its-course with money printing losing its shine.
Folks, we are now witnessing incoming financial calmity. Cash is suddenly king again (IMO).Last edited by errolanderson; Jan 23, 2022, 22:37.
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