Not your average recession . . . .

[errolanderson]

Canada’s economy is in big trouble.

Retail spending is down 2.2% YOY despite a 3% jump in population. And the only sector hiring is the government.

There are many individuals in the private sector that have the ability to turn this trainwreck around, but the current leadership, not a chance.

[errolanderson]

How much rot is hidden under the financial industry?

[wrongway]

Errol...bail out or bail in?

[errolanderson]

BOC panicking . . . 1/2% drop in overnight lending rate today from 3.75 to 3.25%. 5th rate cut in-a-row. Canada has likely been in-recession for 18 months already.

Unemployment surging and not turning back anytime soon.

Government says Canada leading-the-way cutting rates sharply to rejuvenate our economy.

How hard have our collective heads have to be shook?

[errolanderson]

Alien New Jersey UFOs, now Fartcoin.

BREAKING, BREAKING: Fartcoin market cap is now reported more than 38% than all publicly traded U.S. companies.

Folks, this may get real smelly, real fast . . . .

[biglentil]

Fartcoin continues to rip. Congrats to all the newly minted fartcoin millionaires. Looking forward to seeing the Lamborghini with a Fartcoin license plate. Peak lunacy.

[wrongway]

tell me its a bubble with out telling me its a bubble

the crushing drop that will inevitably happen to digital currencies will be the black swan that nobody saw coming and kill the wolrds economy for a generation just like the 80's

[errolanderson]

tell me its a bubble with out telling me its a bubble

the crushing drop that will inevitably happen to digital currencies will be the black swan that nobody saw coming and kill the wolrds economy for a generation just like the 80's

Cults and delusions . . . . The power of mass hysteria for all-to-witness.

[biglentil]

I agree however all fiat currencies including the USD are not much different. Fiat currency also does not have any intrinsic value and to be fair at least fartcoin has a limited supply. One bullet point missing that's arguably the most important is - USD only comes into existance as debt with interest owing.

[errolanderson]

Pay attention . . . China 10-year yields.

Commodity deflation is very real . . . .
Massive gov’t stimulus has done little to control deflation. Has China entered a depression?

[biglentil]

Pay attention . . . China 10-year yields.

Commodity deflation is very real . . . .
Massive gov’t stimulus has done little to control deflation. Has China entered a depression?

I have the complete opposite take. Yields rise when the monetary condition tightens and currency becomes scarce. In the alternative yields plummet like the above graph when Central banks engage in massive amounts of stimulus inflating the currency supply. If you listen closely you can hear the Chinese printing press just went into hyperdrive, brrrrap. These newly printed Yuan will chase commodities like gold, copper, oil.... and hopefully Canadian canola. Its a race to the bottom for fiat currency, buckle up the hyperinflationary turbocharger is beginning to whistle.

[errolanderson]

China is in a complete deflationary debt spiral despite massive gov’t stimulus. China banks are now insolvent. S Korea markets collapsed. They are panicking . . . .

Central banks can now print all they want. This ‘can kicking gimmick’ is clearly up. In fact, the can is now kicking central bankers.

Canada and the U.S. appear in the early stages of debt-driven deflation era. Lots of change in business ahead.

How long this will last? Possibly years. This debt hole is very deep. Housecleaning should have been years ago. Now situation much worse.

No banker or politician is going to tell you this story. Choose who you want to believe.

2025 asset, commodity fallout to continue. Auto industry will be in the financial news in 2025. Big trouble Mergers. Nissan and Honda? How low will oil prices go?

Cash remains king IMO. Warren Buffet stockpiling for some time.

[shtferbrains]

I think I kind of understand the cash is king thing in that there will be bargains for the few with cash.
But how do you protect the cash?

[wheatking16]

I think I kind of understand the cash is king thing in that there will be bargains for the few with cash.
But how do you protect the cash?

Buy USD

[errolanderson]

Dow Jones tanks by 1,100 points this afternoon, posting first 10-day losing streak since 1974.

Tears-of-greed and margin calls . . . .