Financial topics

Investments, gold, currencies, surviving after a financial meltdown
aeden
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Re: Financial topics

Post by aeden »

vincecate
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Re: Financial topics

Post by vincecate »

China rations diesel. Truck drivers wait in line and then get 1/10th of a tank full.
More supply chain troubles in China, which the world was counting on for supplies.

https://www.breakinglatest.news/world/c ... -rationed/

Looking more and more like the 1970s.

"But a surge in the wholesale prices of gas and diesel, which have jumped almost 20 per cent over the past month, have led to widespread rationing in recent days, according to state media. Wholesale fuel prices now exceed government-set retail prices, piling financial pressure on refineries and petrol stations."

https://www.ft.com/content/f04d09d6-174 ... 16a1412764

Retail price control price is less than petrol station's cost. Does not take an expert economist to tell this is going to cause troubles.

China is acting like a Socialist country after all.

More companies are going to be rushing to switch to non-Chinese suppliers. Long term pain to China for these electricity and fuel price controls is going to be huge.

Something is deeply wrong in China. It could be that outside dollar investment into China was key for China's ability to buy resources. Many people now think that "China is not invest-able". If that investment stops/slow then maybe China does not have enough dollars. It may be a Ponzi scam that is collapsing.

During Japan's bubble there were many American's that seemed to think Japan's system was better. Over the last decade there has been the same sort of thing about China. It seems it may just be a big bubble and no real miracle after all.
vincecate
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Re: Financial topics

Post by vincecate »

Invitation homes boosts rents 11% in 3rd quarter. Rents increased 30% on new leases in Vegas and 29% in Phoenix.

https://www.bloomberg.com/news/articles ... e-persists

Cleverly, CPI does not include real rental data. They use "owner's equivalent rent" where they do a survey asking owners (who do not rent) what they think their house could rent for. If they used real rental data, the CPI would be much higher.
tim
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Re: Financial topics

Post by tim »

https://www.washingtonexaminer.com/opin ... aily-meals
High inflation on food is forcing 3 in 10 families to skip meals, according to an eye-opening new survey of the impact of increasing prices.

Double-digit surges in the prices of basics such as milk and eggs and bread have forced 29.3% to miss meals, especially among the poor and young, according to a new Zogby Poll just shared with Secrets.
“Thou shalt not bow down thyself to them, nor serve them: for I the LORD thy God am a jealous God, visiting the iniquity of the fathers upon the children unto the third and fourth generation of them that hate me; - Exodus 20:5
aeden
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Joined: Sat Jul 31, 2010 12:34 pm

Re: Financial topics

Post by aeden »

https://www.zerohedge.com/political/bid ... 000-person

criminal lie cheat steal regime

background narrative

feral government

Woke propaganda funnels feckless and grossly overpaid criminal beasts

100% correct Ron Paul

Correlation of something for nothing as lie cheat steal burn loot murder abuses the working and alleged voters.

Dutch 10Y Bonds up over 500% this morning from 0.015% to 0.06%
Cool Breeze
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Re: Financial topics

Post by Cool Breeze »

vincecate wrote: Thu Oct 28, 2021 2:19 pm During Japan's bubble there were many American's that seemed to think Japan's system was better. Over the last decade there has been the same sort of thing about China. It seems it may just be a big bubble and no real miracle after all.
I suspect vincecate is spot on again here, putting things all together. Hat tip to you, vince
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Tom Mazanec
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Re: Financial topics

Post by Tom Mazanec »

https://www.youtube.com/watch?v=UxBPQMSI6U4
🔴Markets Can’t Ignore Exploding Trade Deficits Forever - Ep 745
25,386 viewsOct 28, 2021
“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”

― G. Michael Hopf, Those Who Remain
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