jdmidwest Posted April 28, 2020 Posted April 28, 2020 Just now, tjm said: It's all phony fiat money with the government having no reason to pay off any debts. The money is like an unsecured mortgage, no collateral involved, no standard of repayment. As long as the printer works and they can get more paper they will never run out of "money". Debt can only grow so much until we go bankrupt as a country. Then we become "third world". Who do you think will step up and "Bail the USA out"? "Life has become immeasurably better since I have been forced to stop taking it seriously." — Hunter S. Thompson
Terrierman Posted April 28, 2020 Posted April 28, 2020 7 minutes ago, jdmidwest said: I have not seen much about "loans". I don't think there will be much payback. Just like the last time. Funny little turnback from the Supreme Court upholding the Congressional promise to fund the costs of the Obamacare debacle. Insurance Companies will "never" lose money. https://www.marketplace.org/2018/11/13/what-did-america-buy-auto-bailout-and-was-it-worth-it/
jdmidwest Posted April 29, 2020 Posted April 29, 2020 23 minutes ago, Terrierman said: https://www.marketplace.org/2018/11/13/what-did-america-buy-auto-bailout-and-was-it-worth-it/ Great story, what happened to the other 80%? Shovel ready jobs? "Life has become immeasurably better since I have been forced to stop taking it seriously." — Hunter S. Thompson
wily Posted April 29, 2020 Posted April 29, 2020 It’s official...the us and china split the sheets I spent all afternoon on a webinar talking about the decoupling of us from china and how it will effect supplychains Was geared toward ports and container freight specifically...but also Touched on oil supply...and on tariffs I initially thought the fed stimulus plans would result in hyperinflation, but after today...I think we are headed toward deflation...there’s no way the fed can print enough to prevent asset devaluation. The asset devaluation will cause debt defaults and bankruptcies. Many companies will go out of business Heavy tariffs to be placed on Chinese goods...in the near term...most of that product will be shifted to neighboring countries. Vietnam and the like to try to avoid the tariffs Long term...There will be near-shoring capital expenditures to bring manufacturing back to US but those investments will not be labor intensive more robots than workers...unemployment will continue to be high they painted a pretty bleak picture...save your money...it’s definitely going to get worse and maybe a lot worse My neighbor owns a restaurant...we were talking tonight about his reopening plans...and the various phases of redeployment...phase 1 25% occupancy...phase 2...50% and so on. He’s not sweating it...has a sales job in a different industry that is main source of income...restaurant started as a hobby really...he has been in business 20 years...I helped him start it. We started talking about the phases mostly because his mother in-law is in a nursing home...and they’ve said that it has to be phase 3 before she can have visitors or leave the complex...i said that may be a long time. BilletHead 1
jdmidwest Posted April 29, 2020 Posted April 29, 2020 4 minutes ago, wily said: It’s official...the us and china split the sheets I spent all afternoon on a webinar talking about the decoupling of us from china and how it will effect supplychains Was geared toward ports and container freight specifically...but also Touched on oil supply...and on tariffs I initially thought the fed stimulus plans would result in hyperinflation, but after today...I think we are headed toward deflation...there’s no way the fed can print enough to prevent asset devaluation. The asset devaluation will cause debt defaults and bankruptcies. Many companies will go out of business Heavy tariffs to be placed on Chinese goods...in the near term...most of that product will be shifted to neighboring countries. Vietnam and the like to try to avoid the tariffs Long term...There will be near-shoring capital expenditures to bring manufacturing back to US but those investments will not be labor intensive more robots than workers...unemployment will continue to be high they painted a pretty bleak picture...save your money...it’s definitely going to get worse and maybe a lot worse My neighbor owns a restaurant...we were talking tonight about his reopening plans...and the various phases of redeployment...phase 1 25% occupancy...phase 2...50% and so on. He’s not sweating it...has a sales job in a different industry that is main source of income...restaurant started as a hobby really...he has been in business 20 years...I helped him start it. We started talking about the phases mostly because his mother in-law is in a nursing home...and they’ve said that it has to be phase 3 before she can have visitors or leave the complex...i said that may be a long time. Wonderful, manufacturing boom in the ole USA. Sorry kiddo, get ready for factory jobs. No more setting around the house working from home....... "Life has become immeasurably better since I have been forced to stop taking it seriously." — Hunter S. Thompson
wily Posted April 29, 2020 Posted April 29, 2020 I hope the manufacturing boom happens...lord knows we need it working from home likely to be more common going forward
snagged in outlet 3 Posted April 29, 2020 Posted April 29, 2020 Better to give aid to USA businesses than give it to WHO Or some bravo Sierra global giveaways we’ve been doing for years Terrierman 1
jdmidwest Posted April 29, 2020 Posted April 29, 2020 Its the real comspiracy theory that has been taking place all along. Finally, we are free from China again. Roll over Nixon. Bad move Bush 1. Would be a good deal if it happens. We need to make our own stuff and be independent of others. snagged in outlet 3 1 "Life has become immeasurably better since I have been forced to stop taking it seriously." — Hunter S. Thompson
jdmidwest Posted April 29, 2020 Posted April 29, 2020 Get ready for the next round, China has invested in our agriculture pretty heavy, especially the Pork Market. That's getting ready to fall. snagged in outlet 3 1 "Life has become immeasurably better since I have been forced to stop taking it seriously." — Hunter S. Thompson
wily Posted April 29, 2020 Posted April 29, 2020 Ya...I agree. All the commodities that China invested in will devalue and America will try to prop up...but the hole is bigger than the dirt being shoveled
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