Print Page - Money Sense

Title: Money Sense
Post by: Anonymous on August 20, 2015, 08:46:39 PM

<t>I'm sorry to those that intend to vote for the NDP in October. People have their reasons for voting for whatever party they wish. Maybe there are planks or their platform you think will be beneficial to the nation. But, I work in the financial services industry. My job is to make sure your money is working for you. Unfortunately, an NDP victory will make my job more difficult.

The bulk of the TSX is made of financials/banking and resource companies. Financials and energy together account for almost 60 per cent, and important sectors such as health care, tech and consumer staples are under 5 per cent. The NDP has an ideological bias against resource extraction even though that has made Canada the envy of the world. There was a negative market reaction to the NDP victory in Alberta. There will be an even bigger and longer one if the NDP wins federally in October. It doesn't help that September and October are the most volatile months for the markets.

1. If you are among the millions of Canadians who has TFSA, you know it must be invested in Canadian companies. However, there are so many ways around that. If you purchase it through your Canadian bank and they put Apple shares in your portfolio that counts as Canadian content.

2. Take as little risk as possible. I have a client that has a conservative growth mutual fund that he bought in September that has earned over 2% since then. It is only 30% Canadian content. The US market being much more diverse than any other in the world helps insulate Canadian investors from a slide in resources.

3. Bonds are a safer bet. Bonds are debt as opposed to stocks which are equity. You don't share in the profits, but you get your principal plus interest. There has been a divestment from Canadian bonds recently, but it was entirely due to provinces. Although rates are low, they are a hedge against the stock market declines.

4. If you buy bank stocks do it before earnings reports come out.

5.Obviously avoid index funds. There is an ETF called Vanguard FTSE Canada All Cap Index ETF (VCN). Exposure to smaller stocks adds to volatility, but also offers the potential for higher returns than a portfolio focused only on blue chips.

6. Sector Diversification--Canadian dividend funds are laced with bank stocks. If you own one of them and a Canadian equity fund, you've maxed out on financials. I'm not being bearish on bank stocks, it's just a reminder to diversify sensibly. Canadian banks have delivered great returns over the long term though.

7. Don't gamble--double-up or double-down ETF that happens to be moving are RISKY. This gambling, not prudent investing.

We will get through this, but the markets do not like the unknown. An NDP government is a big unknown. Investing in Canada under such a scenario will require greater knowledge than in the past.</t>

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Anonymous on August 20, 2015, 09:30:09 PM

I should add that a rise in US interest rates will put a damper on US holdings. The American market is overvalued, and there has been a movement towards European equities. Countries like Germany are benefitting from a weak Euro and low oil prices.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: cc on August 20, 2015, 09:38:45 PM

Thanks seoulbro.

We saw this and some other general things coming and have switched mainly to bonds and have been thinking about switching some for bank stocks.

Hearing you gives me more confidence that we are doing the best thing at this point in time

We are at this moment examining the situation overall and making cold hard decisions

Further, we would agree that the US is not an escape as stocks are as you said overpriced . greatly so in our book. That market may soon be deadly we figure. It is falling fast of late, still it is not a time to buy in.

You do have me thinking about a small % European equity, although frankly I do not have a good feeling about the world in general having any solidity at this time.

Thank you again for your advice!!

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Anonymous on August 20, 2015, 10:31:09 PM

Thank you seoulbro and cc la femme..

We trust our investing to our financial adviser at our bank..

And we have made slow, but steady growth..

We should make an appointment to see her and get her input about any changes we should be making in the near future.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: J0E on August 20, 2015, 10:49:46 PM

If the only measure of a government was how our stocks are performing, then would just all vote for an index fund or a corporation as our leader.

But of course it's more than that.

Ie - does the leader have any integrity?

Is the leader/party in power actually doing anything for the people? Or are they slashing our programs and services?

Are they stepping on our basic rights/curtailing our freedoms?

Do they care about retaining good paying jobs in this country?

Do they even CARE about this country and its people?

Do they treat all people from each region of the country equally?

Or do they just see their mandate as a grab bag for their friends, cronies and special interest groups?

Anyways, something to think about.

~~Quote from: "seoulbro"~~I'm sorry to those that intend to vote for the NDP in October. People have their reasons for voting for whatever party they wish. Maybe there are planks or their platform you think will be beneficial to the nation. But, I work in the financial services industry. My job is to make sure your money is working for you. Unfortunately, an NDP victory will make my job more difficult.

The bulk of the TSX is made of financials/banking and resource companies. Financials and energy together account for almost 60 per cent, and important sectors such as health care, tech and consumer staples are under 5 per cent. The NDP has an ideological bias against resource extraction even though that has made Canada the envy of the world. There was a negative market reaction to the NDP victory in Alberta. There will be an even bigger and longer one if the NDP wins federally in October. It doesn't help that September and October are the most volatile months for the markets.

1. If you are among the millions of Canadians who has TFSA, you know it must be invested in Canadian companies. However, there are so many ways around that. If you purchase it through your Canadian bank and they put Apple shares in your portfolio that counts as Canadian content.

2. Take as little risk as possible. I have a client that has a conservative growth mutual fund that he bought in September that has earned over 2% since then. It is only 30% Canadian content. The US market being much more diverse than any other in the world helps insulate Canadian investors from a slide in resources.

3. Bonds are a safer bet. Bonds are debt as opposed to stocks which are equity. You don't share in the profits, but you get your principal plus interest. There has been a divestment from Canadian bonds recently, but it was entirely due to provinces. Although rates are low, they are a hedge against the stock market declines.

4. If you buy bank stocks do it before earnings reports come out.

5.Obviously avoid index funds. There is an ETF called Vanguard FTSE Canada All Cap Index ETF (VCN). Exposure to smaller stocks adds to volatility, but also offers the potential for higher returns than a portfolio focused only on blue chips.

6. Sector Diversification--Canadian dividend funds are laced with bank stocks. If you own one of them and a Canadian equity fund, you've maxed out on financials. I'm not being bearish on bank stocks, it's just a reminder to diversify sensibly. Canadian banks have delivered great returns over the long term though.

7. Don't gamble--double-up or double-down ETF that happens to be moving are RISKY. This gambling, not prudent investing.

We will get through this, but the markets do not like the unknown. An NDP government is a big unknown. Investing in Canada under such a scenario will require greater knowledge than in the past.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Anonymous on August 20, 2015, 10:54:49 PM

Frank, this thread is about protecting our hard earned investments, not politics..

If you have any advice to offer us about where we should put our money based on current conditions please let us know.

~~Quote from: "Frank"~~If the only measure of a government was how our stocks are performing, then would just all vote for an index fund or a corporation as our leader.

But of course it's more than that.

Ie - does the leader have any integrity?

Is the leader/party in power actually doing anything for the people? Or are they slashing our programs and services?

Are they stepping on our basic rights/curtailing our freedoms?

Do they care about retaining good paying jobs in this country?

Do they even CARE about this country and its people?

Do they treat all people from each region of the country equally?

Or do they just see their mandate as a grab bag for their friends, cronies and special interest groups?

Anyways, something to think about.

~~Quote from: "seoulbro"~~I'm sorry to those that intend to vote for the NDP in October. People have their reasons for voting for whatever party they wish. Maybe there are planks or their platform you think will be beneficial to the nation. But, I work in the financial services industry. My job is to make sure your money is working for you. Unfortunately, an NDP victory will make my job more difficult.

The bulk of the TSX is made of financials/banking and resource companies. Financials and energy together account for almost 60 per cent, and important sectors such as health care, tech and consumer staples are under 5 per cent. The NDP has an ideological bias against resource extraction even though that has made Canada the envy of the world. There was a negative market reaction to the NDP victory in Alberta. There will be an even bigger and longer one if the NDP wins federally in October. It doesn't help that September and October are the most volatile months for the markets.

1. If you are among the millions of Canadians who has TFSA, you know it must be invested in Canadian companies. However, there are so many ways around that. If you purchase it through your Canadian bank and they put Apple shares in your portfolio that counts as Canadian content.

2. Take as little risk as possible. I have a client that has a conservative growth mutual fund that he bought in September that has earned over 2% since then. It is only 30% Canadian content. The US market being much more diverse than any other in the world helps insulate Canadian investors from a slide in resources.

3. Bonds are a safer bet. Bonds are debt as opposed to stocks which are equity. You don't share in the profits, but you get your principal plus interest. There has been a divestment from Canadian bonds recently, but it was entirely due to provinces. Although rates are low, they are a hedge against the stock market declines.

4. If you buy bank stocks do it before earnings reports come out.

5.Obviously avoid index funds. There is an ETF called Vanguard FTSE Canada All Cap Index ETF (VCN). Exposure to smaller stocks adds to volatility, but also offers the potential for higher returns than a portfolio focused only on blue chips.

6. Sector Diversification--Canadian dividend funds are laced with bank stocks. If you own one of them and a Canadian equity fund, you've maxed out on financials. I'm not being bearish on bank stocks, it's just a reminder to diversify sensibly. Canadian banks have delivered great returns over the long term though.

7. Don't gamble--double-up or double-down ETF that happens to be moving are RISKY. This gambling, not prudent investing.

We will get through this, but the markets do not like the unknown. An NDP government is a big unknown. Investing in Canada under such a scenario will require greater knowledge than in the past.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: cc on August 20, 2015, 11:11:12 PM

~~Quote from: "Fashionista"~~Frank, this thread is about protecting our hard earned investments, not politics..

If you have any advice to offer us about where we should put our money based on current conditions please let us know.

Softly but decisively and well done :wink:

EDIT - Afterthought - I'd prolly have decked him if I had seen it first ac_smile

He didn't even get what it was about > "in the unfortunate case that the NDP wins the election ....."

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Anonymous on August 20, 2015, 11:19:17 PM

~~Quote from: "cc la femme"~~
~~Quote from: "Fashionista"~~Frank, this thread is about protecting our hard earned investments, not politics..

If you have any advice to offer us about where we should put our money based on current conditions please let us know.

Softly but decisively and well done :wink:

EDIT - Afterthought - I'd prolly have decked him if I had seen it first ac_smile

He didn't even get what it was about > "in the unfortunate case that the NDP wins the election ....."

I don't think Frank understood what this thread is about either..

I think we should have a thread only for investing like we have for laughter and music and sticky..

It's something that's important to most people and perhaps posters or guests could find something useful in it.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: cc on August 20, 2015, 11:29:05 PM

Great idea. I vote "YES"

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Anonymous on August 20, 2015, 11:30:36 PM

~~Quote from: "Fashionista"~~
I don't think Frank understood what this thread is about either..

Of course he understands. The problem is that he doesn't give a shit. He's a troll ffs. He lives for negative attention.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: cc on August 20, 2015, 11:31:33 PM

You know, Fash, this site is becomes an exceptional site, well organized, diverse, good people, good ideas, good posting

You just came up with another winning addition

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Anonymous on August 20, 2015, 11:31:59 PM

~~Quote from: "cc la femme"~~Great idea. I vote "YES"

I will send a message to seoulbro and see if he would be willing to get the ball rolling.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: cc on August 20, 2015, 11:34:01 PM

So, you are suggesting a new topic area added to the 5 at the top? called investing .. or something like that?

or a single thread?

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Anonymous on August 20, 2015, 11:35:40 PM

On the topic of investing, auto parts makers are doing well.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Anonymous on August 20, 2015, 11:37:11 PM

~~Quote from: "cc la femme"~~So, you are suggesting a new topic area added to the 5 at the top? called investing .. or something like that?

or a single thread?

It's getting a little crowded at the top, so I was thinking a single thread and then sticky it.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Anonymous on August 20, 2015, 11:40:34 PM

~~Quote from: "Fashionista"~~
~~Quote from: "cc la femme"~~So, you are suggesting a new topic area added to the 5 at the top? called investing .. or something like that?

or a single thread?

It's getting a little crowded at the top, so I was thinking a single thread and then sticky it.

OK, but keep the trolling out of it. Nobody is going to post tips and/or advice if you have some immature clown always trying to hijack it. I suggest any trolling should be deleted or at least moved elsewhere.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Anonymous on August 20, 2015, 11:52:40 PM

~~Quote from: "cc la femme"~~You know, Fash, this site is becomes an exceptional site, well organized, diverse, good people, good ideas, good posting

You just came up with another winning addition

Thank you so much cc la femme..

ac_smile

I will wait until I receive a reply from seoulbro..

I'll merge this thread with the one I will sticky..

I am thinking of a thread title....do you like money sense?

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: cc on August 21, 2015, 12:09:13 AM

His defiant reply showed

1. he does not care about the others,

2. he will outright defy authority and

3. that he is as dumb as a rock - he did not get the gist of the thread at all despit having been nicely told what it is

4. That he is arrogant with no smarts to be arrogant about

Joey darling - smarten the fk up or fk off

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Anonymous on August 21, 2015, 12:24:14 AM

~~Quote from: "cc la femme"~~His defiant reply showed

1. he does not care about the others,

2. he will outright defy authority and

3. that he is as dumb as a rock - he did not get the gist of the thread at all despit having been nicely told what it is

4. That he is arrogant with no smarts to be arrogant about

Joey darling - smarten the fk up or fk off

I moved Frank's latest post in this thread and Shen Li's response to Frank's election thread poll in politics.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: RW on August 21, 2015, 01:18:30 AM

Socially Respondible Investing is my MO. No tobacco, no alcohol, no banks. Venture capital investing in SRI companies. I have some diversification in tech but nothing too exciting.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Anonymous on August 21, 2015, 01:25:28 AM

~~Quote from: "RW"~~Socially Respondible Investing is my MO. No tobacco, no alcohol, no banks. Venture capital investing in SRI companies. I have some diversification in tech but nothing too exciting.

If you have ETF's, or just investing on your own, I would believe it However, if you have a fund manager, I doubt it.

Venture capital investing eh? You are a mini-dragon.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: RW on August 21, 2015, 01:43:10 AM

~~Quote from: "Shen Li"~~
~~Quote from: "RW"~~Socially Respondible Investing is my MO. No tobacco, no alcohol, no banks. Venture capital investing in SRI companies. I have some diversification in tech but nothing too exciting.

If you have ETF's, or just investing on your own, I would believe it However, if you have a fund manager, I doubt it.

Venture capital investing eh? You are a mini-dragon.

Venture funds back in the day came with a 30% tax credit. It was fantastic. It's going by the wayside now with different avenues for start-up investing like Dragon's Den or Go Fund Me projects.

How are all of you in terms of following proxy voting?

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Anonymous on August 21, 2015, 01:44:11 AM

~~Quote from: "RW"~~Socially Respondible Investing is my MO. No tobacco, no alcohol, no banks. Venture capital investing in SRI companies. I have some diversification in tech but nothing too exciting.

I don't know everything that's in our mutual..

I don't know how or why anyone would avoid banks?

How does the average person become a venture capital investor.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: RW on August 21, 2015, 01:45:26 AM

~~Quote from: "Fashionista"~~
~~Quote from: "RW"~~Socially Respondible Investing is my MO. No tobacco, no alcohol, no banks. Venture capital investing in SRI companies. I have some diversification in tech but nothing too exciting.

I don't know everything that's in our mutual..

I don't know how or why anyone would avoid banks?

How does the average person become a venture capital investor.

I don't like big banks.

You invest in a venture capital fund.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Anonymous on August 21, 2015, 01:45:54 AM

~~Quote from: "RW"~~
~~Quote from: "Shen Li"~~
~~Quote from: "RW"~~Socially Respondible Investing is my MO. No tobacco, no alcohol, no banks. Venture capital investing in SRI companies. I have some diversification in tech but nothing too exciting.

If you have ETF's, or just investing on your own, I would believe it However, if you have a fund manager, I doubt it.

Venture capital investing eh? You are a mini-dragon.

Venture funds back in the day came with a 30% tax credit. It was fantastic. It's going by the wayside now with different avenues for start-up investing like Dragon's Den or Go Fund Me projects.

How are all of you in terms of following proxy voting?

That's another thing we don't vote on.

ac_blush

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Anonymous on August 21, 2015, 01:47:43 AM

~~Quote from: "RW"~~
~~Quote from: "Fashionista"~~
~~Quote from: "RW"~~Socially Respondible Investing is my MO. No tobacco, no alcohol, no banks. Venture capital investing in SRI companies. I have some diversification in tech but nothing too exciting.

I don't know everything that's in our mutual..

I don't know how or why anyone would avoid banks?

How does the average person become a venture capital investor.

I don't like big banks.

You invest in a venture capital fund.

Are they managed?

Are there various risk levels like mutuals?

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: RW on August 21, 2015, 01:49:40 AM

~~Quote from: "Fashionista"~~
~~Quote from: "RW"~~
~~Quote from: "Fashionista"~~
~~Quote from: "RW"~~Socially Respondible Investing is my MO. No tobacco, no alcohol, no banks. Venture capital investing in SRI companies. I have some diversification in tech but nothing too exciting.

I don't know everything that's in our mutual..

I don't know how or why anyone would avoid banks?

How does the average person become a venture capital investor.

I don't like big banks.

You invest in a venture capital fund.

Are they managed?

Are there various risk levels like mutuals?

Not that I know of. As far as I know, they are considered high risk.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Anonymous on August 21, 2015, 01:58:44 AM

~~Quote from: "RW"~~
~~Quote from: "Fashionista"~~
~~Quote from: "RW"~~
~~Quote from: "Fashionista"~~
~~Quote from: "RW"~~Socially Respondible Investing is my MO. No tobacco, no alcohol, no banks. Venture capital investing in SRI companies. I have some diversification in tech but nothing too exciting.

I don't know everything that's in our mutual..

I don't know how or why anyone would avoid banks?

How does the average person become a venture capital investor.

I don't like big banks.

You invest in a venture capital fund.

Are they managed?

Are there various risk levels like mutuals?

Not that I know of. As far as I know, they are considered high risk.

That would leave us out if that is the case then..

We will see our financial adviser soon, so I will be sure to ask her about venture capital investing..

Do any of the stocks in a venture capital fund pay dividends?

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: RW on August 21, 2015, 02:20:04 AM

~~Quote from: "Fashionista"~~
~~Quote from: "RW"~~
~~Quote from: "Fashionista"~~
~~Quote from: "RW"~~
~~Quote from: "Fashionista"~~
~~Quote from: "RW"~~Socially Respondible Investing is my MO. No tobacco, no alcohol, no banks. Venture capital investing in SRI companies. I have some diversification in tech but nothing too exciting.

I don't know everything that's in our mutual..

I don't know how or why anyone would avoid banks?

How does the average person become a venture capital investor.

I don't like big banks.

You invest in a venture capital fund.

Are they managed?

Are there various risk levels like mutuals?

Not that I know of. As far as I know, they are considered high risk.

That would leave us out if that is the case then..

We will see our financial adviser soon, so I will be sure to ask her about venture capital investing..

Do any of the stocks in a venture capital fund pay dividends?

I don't know that I would recommend investing in venture capital funds. And I have yet to see dividends.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: cc on August 21, 2015, 02:24:42 AM

We tend to go from one extreme to the other. When things in the world, country and continent are flaky like they are now, safe!!

When all the key indications look good, index which may have been risky is not very risky at such times and potential return is at its greatest also

Prolly should go more of a mixed way, but unless indications are good we just don't accept much if any risk. We stay on top of how the world, country and continent are looking and make decisions accordingly, staying in things that don't cost a lot to get in or out of so we can get in and make a buck or bail and protect capital accordingly

Currently, for many reasons we see much risk from all directions, so are not leaving ourselves open

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Frood on August 21, 2015, 06:03:06 AM

We don't touch the markets.

We only invest in physical property and goods.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Anonymous on August 21, 2015, 09:14:09 AM

~~Quote from: "cc la femme"~~We tend to go from one extreme to the other. When things in the world, country and continent are flaky like they are now, safe!!

When all the key indications look good, index which may have been risky is not very risky at such times and potential return is at its greatest also

Prolly should go more of a mixed way, but unless indications are good we just don't accept much if any risk. We stay on top of how the world, country and continent are looking and make decisions accordingly, staying in things that don't cost a lot to get in or out of so we can get in and make a buck or bail and protect capital accordingly

Currently, for many reasons we see much risk from all directions, so are not leaving ourselves open

We are only working people, so we don't like higher risk..

Our mutuals are quite diverse, which is helping shield us from a lot of the volatility on the markets..

The TSX shed three hundred points yesterday..

The New York one was down 358 points.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Anonymous on August 21, 2015, 12:51:57 PM

~~Quote from: "Dinky Dianna"~~We don't touch the markets.

We only invest in physical property and goods.

My parents own rental properties. I wouldn't touch real estate with a 10 metre disinfectant barge pole. They are a money pit. The only time they have ever made money from them is when they sell them. Even then, it wasn't worth it.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: RW on August 21, 2015, 01:12:36 PM

I've made a lot of money on real estate transactions like over $50,000 in just over a year.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Anonymous on August 21, 2015, 02:16:21 PM

~~Quote from: "RW"~~I've made a lot of money on real estate transactions like over $50,000 in just over a year.

It might not be a bad investment for my husband and I..

He is a master electrician and can do plumbing, rough and finish carpentry..

We have only two and a half years left on our mortgage..

If there are fixer uppers available then, it might be worth it for us to buy one.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Anonymous on August 21, 2015, 03:24:07 PM

~~Quote from: "RW"~~I've made a lot of money on real estate transactions like over $50,000 in just over a year.

What you flipped them?

BTW, the markets are having their worst week since 2009. The Dow could close the day 500 points lower. The TSX is 200+points lower as of now. WTI oil slipped below $40/barrel briefly. That and the precarious Chinese economy are the prime reasons.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: RW on August 21, 2015, 03:29:38 PM

~~Quote from: "Shen Li"~~
~~Quote from: "RW"~~I've made a lot of money on real estate transactions like over $50,000 in just over a year.

What you flipped them?

BTW, the markets are having their worst week since 2009. The Dow could close the day 500 points lower. The TSX is 200+points lower as of now. WTI oil slipped below $40/barrel briefly. That and the precarious Chinese economy are the prime reasons.

I bought a house in Van, lived in it, sold it 18 months later at a $50,000 profit. Bought another house in another market that's now assessed at $100,000 more than we paid. That's ASSESSMENT value.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Anonymous on August 21, 2015, 03:52:39 PM

~~Quote from: "RW"~~
~~Quote from: "Shen Li"~~
~~Quote from: "RW"~~I've made a lot of money on real estate transactions like over $50,000 in just over a year.

What you flipped them?

BTW, the markets are having their worst week since 2009. The Dow could close the day 500 points lower. The TSX is 200+points lower as of now. WTI oil slipped below $40/barrel briefly. That and the precarious Chinese economy are the prime reasons.

I bought a house in Van, lived in it, sold it 18 months later at a $50,000 profit. Bought another house in another market that's now assessed at $100,000 more than we paid. That's ASSESSMENT value.

We have two residences, a house in the Czuk and a condo in Fort McMurray. The city assessed our house higher than the market value and that was before the economy soured. I guess our leftist city council wants to justify their 6+% property tax increases.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: cc on August 21, 2015, 05:47:27 PM

In perspective, TSX this past week folllowed by the past 3 months

(DOW down 530 today alone)

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Anonymous on August 21, 2015, 06:22:38 PM

~~Quote from: "RW"~~
~~Quote from: "Fashionista"~~
~~Quote from: "RW"~~
~~Quote from: "Fashionista"~~
~~Quote from: "RW"~~Socially Respondible Investing is my MO. No tobacco, no alcohol, no banks. Venture capital investing in SRI companies. I have some diversification in tech but nothing too exciting.

I don't know everything that's in our mutual..

I don't know how or why anyone would avoid banks?

How does the average person become a venture capital investor.

I don't like big banks.

You invest in a venture capital fund.

Are they managed?

Are there various risk levels like mutuals?

Not that I know of. As far as I know, they are considered high risk.

They are high risk/high return. I would not recommend them for the average investor.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: cc on August 21, 2015, 06:40:06 PM

~~Quote~~They are high risk/high return

May I suggest phrasing that as high risk/ "Potential or Possible" high return

While that is implied, reminding myself of it is how I keep all risky stuff in perspective

Doesn't mean I won't go risky, but when I do it's only when all indicators are right .. and the stars are aligned right, lol

Title: Money Sense
Post by: Anonymous on August 21, 2015, 06:45:57 PM

Thank you to Fashionista for her suggestion. I feel privileged to be able to start this thread. I will post some market related information on a day to day basis. I don't know everything and I invite others to tell us their investment victories and losses.

If you wouldn't mind, please merge my other thread under this title.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: RW on August 21, 2015, 07:14:53 PM

~~Quote from: "Shen Li"~~
~~Quote from: "RW"~~
~~Quote from: "Shen Li"~~
~~Quote from: "RW"~~I've made a lot of money on real estate transactions like over $50,000 in just over a year.

What you flipped them?

BTW, the markets are having their worst week since 2009. The Dow could close the day 500 points lower. The TSX is 200+points lower as of now. WTI oil slipped below $40/barrel briefly. That and the precarious Chinese economy are the prime reasons.

I bought a house in Van, lived in it, sold it 18 months later at a $50,000 profit. Bought another house in another market that's now assessed at $100,000 more than we paid. That's ASSESSMENT value.

We have two residences, a house in the Czuk and a condo in Fort McMurray. The city assessed our house higher than the market value and that was before the economy soured. I guess our leftist city council wants to justify their 6+% property tax increases.

I understand fully the implications of higher assessment values but comparables in the neighbourhood are selling for $40,000-$50,000 over assessed value. I won't pay capital gains on that either.

Title: Re: Money Sense
Post by: RW on August 21, 2015, 07:24:39 PM

Would you prefer a thread or a whole subforum?

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: cc on August 21, 2015, 07:36:54 PM

When mate was full time a summer contractor, he built a house during winter.

We got 2 gains.

We would live in each for a year and sell with no cap gains of course.

He could keep a couple of key employees on for the winter, ready to go for summer contracts

It served us and the business well.

We are lucky here. In the US, cap gains hit hard, although they can deduct mortgage payments from income

Title: Re: Money Sense
Post by: Anonymous on August 21, 2015, 08:24:34 PM

~~Quote from: "RW"~~Would you prefer a thread or a whole subforum?

Fashionista suggested a thread with a sticky. That works for me.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Anonymous on August 21, 2015, 08:55:23 PM

~~Quote from: "cc la femme"~~
~~Quote~~They are high risk/high return

May I suggest phrasing that as high risk/ "Potential or Possible" high return

While that is implied, reminding myself of it is how I keep all risky stuff in perspective

Doesn't mean I won't go risky, but when I do it's only when all indicators are right .. and the stars are aligned right, lol

It's definite high risk and potential high return.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Anonymous on August 21, 2015, 09:10:06 PM

~~Quote from: "cc la femme"~~When mate was full time a summer contractor, he built a house during winter.

We got 2 gains.

We would live in each for a year and sell with no cap gains of course.

He could keep a couple of key employees on for the winter, ready to go for summer contracts

It served us and the business well.

We are lucky here. In the US, cap gains hit hard, although they can deduct mortgage payments from income

Yes, they do hit hard. In Canada, on a capital gain of $50,000 for instance, only half of that, or $25,000, would be taxable. For a Canadian in a 35% tax bracket for example, a $25,000 taxable capital gain would result in $8,750 taxes owing.

Southern Ontario's housing market is overvalued and a correction is coming.

Title: Re: Money Sense
Post by: Anonymous on August 21, 2015, 09:48:22 PM

~~Quote from: "seoulbro"~~Thank you to Fashionista for her suggestion. I feel privileged to be able to start this thread. I will post some market related information on a day to day basis. I don't know everything and I invite others to tell us their investment victories and losses.

If you wouldn't mind, please merge my other thread under this title.

This is the most important thread on this forum..

Thank you seoulbro and anyone else that participates.

Title: Re: Money Sense
Post by: cc on August 21, 2015, 11:29:23 PM

DITTO to all the directly above ^^^

Title: Re: Money Sense
Post by: Anonymous on August 22, 2015, 11:00:29 AM

Thank you Keeper for stickying this thread....It's easier for a mod than an admin to do that.

Title: Re: Money Sense
Post by: Anonymous on August 22, 2015, 01:02:20 PM

Baytex Energy is the latest casualty of slumping oil prices. They along with Crescent Point Energy have cancelled their dividends.

Title: Re: Money Sense
Post by: RW on August 22, 2015, 01:59:02 PM

We need to cut off funding to terrorist oil and start being the alternate supplier.

Title: Re: Money Sense
Post by: cc on August 22, 2015, 02:37:02 PM

YESSSSSS !!!!!!! ^^^

N America buys and sells oil as suits some companies. Even much of Keystone would is planned be shipped out, while at the same time N America buys oil from anywhere. We need leaders with the balls to stop it.

One rule / law that would do it is for N America to not send oil to any counties except only after N American consumption is satisfied

I know it is difficult to change attitudes of leaders to step up, but it must be done. STOP this self-destructive insanity

Shen, does N America now produce a volume of oil that would make it self sufficient IF it was all used internally?

Title: Re: Money Sense
Post by: Anonymous on August 23, 2015, 12:57:23 PM

~~Quote from: "cc la femme"~~YESSSSSS !!!!!!! ^^^

N America buys and sells oil as suits some companies. Even much of Keystone would is planned be shipped out, while at the same time N America buys oil from anywhere. We need leaders with the balls to stop it.

One rule / law that would do it is for N America to not send oil to any counties except only after N American consumption is satisfied

I know it is difficult to change attitudes of leaders to step up, but it must be done. STOP this self-destructive insanity

Shen, does N America now produce a volume of oil that would make it self sufficient IF it was all used internally?

Actually most Keystone oil would be refined at location. The companies who would produce the oil had buyers for their product. The only reason we import about 650,000 barrels/day from hellholes like Saudi, Angola and Nigeria is because we don't have infrastructure to deliver it.

The IEA estimates the US will continue to import 5-7 million barrels/day for the next 2 decades. The US and Canada have the reserves to cover that, but it would not be economical to extract it....YET. If oil goes up above $100/barrel and stays there for a while all bets are off.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: priscilla1961 on August 23, 2015, 02:52:32 PM

~~Quote from: "RW"~~I've made a lot of money on real estate transactions like over $50,000 in just over a year.

My future ex husband has the houses. With hope they burn down and he in it.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: RW on August 23, 2015, 02:54:14 PM

~~Quote from: "priscilla1961"~~
~~Quote from: "RW"~~I've made a lot of money on real estate transactions like over $50,000 in just over a year.

My future ex husband has the houses. With hope they burn down and he in it.

An insurance policy is one way to make money on someone. Hahaha

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: priscilla1961 on August 23, 2015, 02:58:54 PM

~~Quote from: "RW"~~
~~Quote from: "priscilla1961"~~
~~Quote from: "RW"~~I've made a lot of money on real estate transactions like over $50,000 in just over a year.

My future ex husband has the houses. With hope they burn down and he in it.

An insurance policy is one way to make money on someone. Hahaha

:laugh:

Title: Re: Money Sense
Post by: cc on August 23, 2015, 04:05:29 PM

LOL!!!

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Anonymous on August 23, 2015, 04:08:51 PM

~~Quote from: "priscilla1961"~~
~~Quote from: "RW"~~I've made a lot of money on real estate transactions like over $50,000 in just over a year.

My future ex husband has the houses. With hope they burn down and he in it.

I can think of someone I wouldn't lose sleep over if she perished in a house fire. Three guesses as to I have in mind.

Title: Re: Money Sense
Post by: Anonymous on August 23, 2015, 07:37:56 PM

Lower oil is stimulating car purchases and road transportation, as well as reducing the cost of petroleum-based raw materials.Markham, Ontario-based Exco Technologies, which makes precision-tooled auto parts has had big gains this year. Uni-Select, based in Boucherville, Quebec had solid gains too. TransForce out of Quebec has had recorded record gains.

Title: Re: Money Sense
Post by: cc on August 23, 2015, 08:53:07 PM

Wow

BBC - China share slide: Pension fund to invest in stock market (//http)

China plans to let its main state pension fund invest in the stock market for the first time, the country's official news agency, Xinhua, has reported.

Under the new rules, the fund will be allowed to invest up to 30% of its net assets in domestically-listed shares.

China's main pension fund holds 3.5tn yuan ($548bn; £349bn), Xinhua said.

The move is the latest attempt by the Chinese government to arrest the slide in the country's stock market.

The fund will be allowed to invest not just in shares but in a range of market instruments, including derivatives. By increasing demand for them, the government hopes prices will rise.

The Shanghai Composite Index closed down more than 4% on Friday after figures showed monthly factory activity contracting at its fastest pace in six years.

It capped a tough few days for Chinese investors, with the index down 12% on the week. Chinese shares are now down more than 30% since the middle of June.

Earlier this month, the Chinese central bank devalued the yuan in an attempt to boost exports.

These measures come against a backdrop of slowing economic growth in China. In the second quarter of this year, the country's economy grew by 7% - its slowest pace for six years.

Last year, the economy grew at its slowest pace since 1990.

Fears of a prolonged slowdown have also hit global stock markets, with US and leading European indexes posting heavy losses last week.

I hope everyone got out of their China stocks a ways back - That said, in today's world everything affects everything else

Title: Re: Money Sense
Post by: Anonymous on August 23, 2015, 08:59:34 PM

I met with our financial advisor yesterday..

I moved my mutual funds from a moderate portfolio to a balanced income growth fund..

I did the same with my RRSP's..

My TFSA lost $800 in two days.

:ohmy:

Title: Re: Money Sense
Post by: Bricktop on August 23, 2015, 09:08:09 PM

Why is this pinned?

And not in "Political"?

Title: Re: Money Sense
Post by: cc on August 23, 2015, 09:08:40 PM

Please tell me that you didn't say that . pullleeeze ^

Yes, very volatile times with potential to get a lot more volatile.

We smelled a rat / had bad feelings and essentially cashed out over the last month or so. Am meeting with a couple of advisers to get some input to weigh for next moves

Title: Re: Money Sense
Post by: Anonymous on August 23, 2015, 09:10:50 PM

~~Quote from: "cc la femme"~~Yes, very volatile times with potential to get a lot more volatile.

We smelled a rat and cashed out a couple of week. Am meeting with a couple of advisers to weigh next moves

If you wouldn't mind cc la femme, could you relay any advice they give back to us?

Title: Re: Money Sense
Post by: Anonymous on August 23, 2015, 09:11:25 PM

~~Quote from: "SPECTRE"~~Why is this pinned?

And not in "Political"?

Because it's not about politics.

Title: Re: Money Sense
Post by: cc on August 23, 2015, 09:14:40 PM

Most definitely will.

If I recall correctly seoulbro agreed bonds are safe haven. Not the greatest income in today's world, but anything indexed is at stake right now

I'd rather just sit still and watch, than lose

Title: Re: Money Sense
Post by: Anonymous on August 23, 2015, 09:18:50 PM

~~Quote from: "cc la femme"~~Most definitely will.

If I recall correctly seoulbro agreed bonds are safe haven. Not the greatest income in today's world, but anything indexed is at stake right now

I'd rather just sit still and watch, than lose

That's how I'm feeling too cc la femme..

About sixty percent of my balanced income growth fund is T-bills, bonds and things like that..

I may have to change that too, we'll see.

Title: Re: Money Sense
Post by: cc on August 24, 2015, 12:28:23 AM

Here we goooooooo

Images:

1. CNBC http://www.cnbc.com/2015/08/23/asia-braces-for-selloff-on-tanking-us-markets.html

Mainland markets in free fall

The rout in China's benchmark Shanghai Composite index gathered pace early Monday, sinking as much as 8.2 percent to a five-month low of 3,218.5 points, even as authorities allowed pension funds managed by local governments to invest in the stock market for the first time over the weekend. The move could potentially channel hundreds of billions of yuan into the country's struggling equity market.

Among China's other indexes, the benchmark CSI300 index - which consists of 300 A-share stocks listed on the Shanghai and Shenzhen stock exchanges - fell 7.9 percent, while the smaller Shenzhen Composite retreated 7.3 percent.

2. The Guardian blog front page for Monday 24 August 2015 05.12 BST

Update Edit - Guardian: 11.26 our time - opens in 30 minutes

"The Australian market has had a shocker. The ASX200 has closed down nearly 4% for its worst day for four years. It's now at a two-year low.

Traders in Europe are bracing for a heavy selloff when the stock markets open, in one hours time.

The FTSE 100 is currently expected to tumble below the 6000-point mark for the first time since the start of January 2013.

Other European markets are heading for a bath - having already tumbled on Friday.

Opening calls down for all of Europe"

Maybe just a correction for vastly overpriced markets? Maybe more than that? We shall soon see

Click to Enlarge

Title: Re: Money Sense
Post by: cc on August 24, 2015, 01:20:05 PM

Today

I took some time out today to compare DOW vs. TSX with regard to timing

- Monday Aug 24 2015 9.30 AM - After terrible openings, worse ever for the DOW (down early 1,089 pts), both have come back to only fractional loss for the day. Start was DOW 15,370, TSFX 12,705

S&P 500 -3.94% for the day

- Didn't last long 11 AM - Dow -2.2%. TSX -1.3%

- Slowly getting worse since

12:00 PM: ......... DOW -3.78% .................. TSX -2.0%

12:15 PM: ......... DOW -3.65% .................. TSX -2.6%

12:25 PM: ......... DOW -4.11% .................. TSX -2.7%

12: 30 PM: .........DOW -4.25% .................. TSX -3.05%

12:45 PM: ..........DOW -2.26% .................. TSX -3.20%

01:00 PM: ..........DOW -3.56% .................. TSX -2.32%

01:10 PM: ..........DOW -3.58% .................. TSX -3.12% Trading Appears Closed

As usual, we follow the US by about 15 - 30 minutes

I'm re-checking this to verify what can be done on the TSX when one has ability to trade very fast

Where is everyone? Busy cashing out?

~~Quote~~Maybe just a correction for vastly overpriced markets? Maybe more than that? We shall soon see

IMAGE 1 = Day Compare in %ages - TSX in green (420.93 today), DOW red (-588.40 today)

IMAGE 2 = TSX Last 5 Days in prices (Shows the dramatic start for today - Same happened for DOW)

IMAGE 3 = TSX Last 6 Months in prices

Title: Dow Jones down 588 points, TSX off 420 in tumultuous day on the markets
Post by: J0E on August 24, 2015, 07:00:23 PM

....clobbered!

http://www.theglobeandmail.com/globe-investor/inside-the-market/market-updates/the-close/article26079760/?service=mobile

(//%3C/s%3E%3CURL%20url=%22http://www.theglobeandmail.com/globe-investor/inside-the-market/market-updates/article26070640.ece/ALTERNATES/w620/NYK505-MARKETS-STOCKS+USA.JPG?service=mobile%22%3E%3CLINK_TEXT%20text=%22http://www.theglobeandmail.com/globe-in%20...%20ice=mobile%22%3Ehttp://www.theglobeandmail.com/globe-investor/inside-the-market/market-updates/article26070640.ece/ALTERNATES/w620/NYK505-MARKETS-STOCKS+USA.JPG?service=mobile%3C/LINK_TEXT%3E%3C/URL%3E%3Ce%3E)

Title: Re: Dow Jones down 588 points, TSX off 420 in tumultuous day on the markets
Post by: cc on August 24, 2015, 07:04:12 PM

No shit sunshine.

Are you afraid of the "money sense" thread, or do you just like to start your own threads every time a simple and obvious-to-all thought comes into your lil mind?

or perhaps some of both?

Title: Re: Money Sense
Post by: Anonymous on August 24, 2015, 07:58:08 PM

I'm scared to find out how much I lost.

Title: Re: Dow Jones down 588 points, TSX off 420 in tumultuous day on the markets
Post by: Romero on August 24, 2015, 08:00:57 PM

China was too greedy while it was too commie. Trying to push the economy too much, as if 10% growth was never enough. The bigger they are...

Too bad we've become so dependent on China while claiming we need to be "competitive". From the article:

~~Quote~~"Emotions got the best of investors," said Philip Blancato, chief executive at Ladenberg Thalmann Asset Management in New York.

"The conjecture that the Chinese economy can propel the U.S. economy into recession is ridiculous, when it's twice the size of the Chinese economy and is consumer based."

Title: Re: Dow Jones down 588 points, TSX off 420 in tumultuous day on the markets
Post by: Anonymous on August 24, 2015, 08:02:58 PM

~~Quote from: "cc la femme"~~No shit sunshine.

Are you afraid of the "money sense" thread, or do you just like to start your own threads every time a simple and obvious-to-all thought comes into your lil mind?

or perhaps some of both?

Maybe Frank didn't see the Money Sense thread hidden away right at the top of the board. :001_rolleyes:

Title: Re: Dow Jones down 588 points, TSX off 420 in tumultuous day on the markets
Post by: cc on August 24, 2015, 08:10:57 PM

lol ^^

This may just be a way overdue correction triggered by China.

We are dependent on the entire world not just China, Q. Thanks to free trade and other interconnections the entire world has become interdependent. This is merely one example. 08 was another great example of this crazy interdependence

Title: Re: Dow Jones down 588 points, TSX off 420 in tumultuous day on the markets
Post by: Anonymous on August 24, 2015, 09:00:45 PM

~~Quote from: "cc la femme"~~lol ^^

This may just be a way overdue correction triggered by China.

We are dependent on the entire world not just China, Q. Thanks to free trade and other interconnections the entire world has become interdependent. This is merely one example. 08 was another great example of this crazy interdependence

I have said that the ghosts of 08 still haunt us. We never really exorcised those demons.

Title: Re: Money Sense
Post by: cc on August 24, 2015, 09:16:48 PM

Well, China set it off, but the markets are grossly overpriced, especially in the US and Europe.

After any long "unsupported" climb comes a correction, guaranteed

That may be all it is although the DOW is still way overpriced even now

Now, if China's economy fails (a strong possibility I believe) along with the way the world is interconnected today, the rest of the world will hurt also

Title: Re: Money Sense
Post by: Anonymous on August 24, 2015, 09:25:29 PM

~~Quote from: "cc la femme"~~Well, China set it off, but the markets are grossly overpriced, especially in the US and Europe.

After any long "unsupported" climb comes a correction, guaranteed

That may be all it is although the DOW is still way overpriced even now

Now, if China's economy fails (a strong possibility I believe) along with the way the world is interconnected today, the rest of the world will hurt also

I wonder how long this slide will continue?

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: @realAzhyaAryola on August 24, 2015, 10:09:16 PM

~~Quote from: "Fashionista"~~Thank you seoulbro and cc la femme..

We trust our investing to our financial adviser at our bank..

And we have made slow, but steady growth..

We should make an appointment to see her and get her input about any changes we should be making in the near future.

That is very wise, Fash. I trust you and your husband will stay on top of it.

Title: What other investment alternatives are there to the stock market?
Post by: J0E on August 24, 2015, 11:25:31 PM

....which can make money but aren't so risky?

The stock market rises and inevitable dips are oh so predictable.

If you're heavily invested at some point you've gotta expect that it'll crash and you will lose.

Sure, you might make it back, but then the cycle inevitably repeats itself at one point.

Are there any investment alternatives which are better?

Given the recent news of market instability around the world has made me look into it.

Comments welcome.

Title: Re: Money Sense
Post by: cc on August 25, 2015, 12:02:04 AM

~~Quote from: "Herman"~~I wonder how long this slide will continue?

Here's a "bit" of better news. For Tuesday, Taiwan, Hong Kong, Japan, Oz are all up "some", but not a large rally. Trading is still active in Asia.

Midnight our time Euro markets open. If they continue this trend, short buyers will likely bet short run that N Am will go up ... for a while at least and our markets will rise tomorrow .. likely :wink:

EDIT - oops, Closing Time - Japan is now down at close -1.37%, Hong Kong down a bit, Taiwan up +3.58%, Oz up

China -5.28%

G'Night folks

Title: Re: What other investment alternatives are there to the stock market?
Post by: cc on August 25, 2015, 12:33:48 AM

Jeez Joey, you just HAVE to start threads, don't you?

This is the last time I'll bother to mention it, but you were told the "money sense" thread is where people will be to discuss financial items.

I don't waste a lot of time with spoiled brats. My response to your question is no contextual response

There, I'm done with you. You can start yet another thread and talk to yourself

Title: Re: What other investment alternatives are there to the stock market?
Post by: J0E on August 25, 2015, 12:58:14 AM

~~Quote from: "cc la femme"~~Jeez Joey, you just HAVE to start threads, don't you?

This is the last time I'll bother to mention it, but you were told the "money sense" thread is where people will be to discuss financial items.

I don't waste a lot of time with spoiled brats. My response to your question is no contextual response

There, I'm done with you. You can start yet another thread and talk to yourself

Well cc, there are so many aspects to money that really....the money sense thread ought to be a sub-forum.unto itself. Just like the politics subforum.

There's investing, money management, saving for retirement, etc.

Because its such a diverse subject it can also be confused with something else.

Should ask fashionista.

Title: Re: What other investment alternatives are there to the stock market?
Post by: cc on August 25, 2015, 01:39:54 AM

Wrong. You just made a thread about EXACTLY what the sticky is for, "investment alternatives" (to keep investing in ONE place, not plastered all over the forum front page) AND this is the very topic being discussed currently .. obviously, sigh

Why? Because you cannot stop yourself from making many threads and because you are a spoiled brat

I don't run this place, but i DO play by its rules . and try to keep it neat and sweet

I will suggest that if you don't like the way this forum is run and how it runs, go buy a domain and make your own. Then you make the rules and can create a jillion issue-duplicate threads

Nighty Night ac_smile

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Anonymous on August 25, 2015, 04:56:25 AM

~~Quote from: "Azhya Aryola"~~
~~Quote from: "Fashionista"~~Thank you seoulbro and cc la femme..

We trust our investing to our financial adviser at our bank..

And we have made slow, but steady growth..

We should make an appointment to see her and get her input about any changes we should be making in the near future.

That is very wise, Fash. I trust you and your husband will stay on top of it.

Thank you Azyha, but we are as worried as anyone about our financial security.

Title: Re: What other investment alternatives are there to the stock market?
Post by: Anonymous on August 25, 2015, 05:01:35 AM

~~Quote from: "cc la femme"~~Wrong. You just made a thread about EXACTLY what the sticky is for, "investment alternatives" (to keep investing in ONE place, not plastered all over the forum front page) AND this is the very topic being discussed currently .. obviously, sigh

Why? Because you cannot stop yourself from making many threads and because you are a spoiled brat

I don't run this place, but i DO play by its rules . and try to keep it neat and sweet

I will suggest that if you don't like the way this forum is run and how it runs, go buy a domain and make your own. Then you make the rules and can create a jillion issue-duplicate threads

Nighty Night ac_smile

I merged Frank's stock market threads into the Money Sense thread for easier access.

Title: Re: Money Sense
Post by: cc on August 25, 2015, 10:04:49 AM

UK & Germany up 3 & 4% - France down 1

!/2 hour in - DOW & TSX up 2

Not the upswing the "experts" expected for early today, but at least we are up

Edit - 1.00 pm market time, both still holding around +2.5%

Edit - Closing Time - both markets dove back down at the end of the day.

DOW -204.91 -1.29%

TSX +98.19 +0.75% - This one fluctuates until a half hour after close

Title: Re: Money Sense
Post by: Anonymous on August 25, 2015, 06:31:50 PM

What we are seeing is a reaction to weak growth in the Chinese economy not global financial uncertainty. Copper is seen a barometer of global demand and it was trading at near seven year lows. Nickel fell sharply too. China's latest response to slumping economic growth has been more tested; it lowered interest rates. That's a good sign and gives global markets greater confidence than artificially propping up stock indices.

Title: Re: Money Sense
Post by: Anonymous on August 25, 2015, 06:55:17 PM

One of the most common mistakes I see is people trying to time the markets. Fund managers rarely time the ups and downs of individual stocks right, so how can the average investor. Attempting to time the market, like most other active trading strategies, produces at best a modest premium that roughly pays for the work needed to generate the excess profits. (At worst, you lose much more in herd behavior and trading fees than you gain in value.)

Unless you're planning to retire very soon, there's no reason for you to be looking at the day-to-day movements in your TFSA's and RRSP's. You probably lost a lot of money in the last week. And you know what you can do about that? Nothing.

Every decline has been followed by a rebound. Sometimes it comes right away. Sometimes it takes weeks or months. But when it comes, it comes quickly. If you wait until the rebound is clearly visible, you've already missed the biggest gains.

For the vast majority of us, investing is — or at least should be — a long-term game. We're saving for retirement, college or other expenses that are years if not decades in the future. Over that kind of time frame, this week's market turmoil doesn't matter.

Title: Re: Money Sense
Post by: cc on August 25, 2015, 07:07:19 PM

~~Quote~~Attempting to time the market, like most other active trading strategies, produces at best a modest premium that roughly pays for the work needed to generate the excess profits. (At worst, you lose much more in herd behavior and trading fees than you gain in value.)

Great advice. I need reminding of that from time to time

Title: Re: Money Sense
Post by: Anonymous on August 26, 2015, 05:09:07 AM

The Canadian dollar is trading down nearly half a cent in overseas markets..

The Dow is down too.

Title: Re: Money Sense
Post by: cc on August 26, 2015, 06:00:08 PM

After early selloffs and 1 1/2 hour dive, prices improved steadily

TSX Close: +230.66 +1.75%

DOW Close: +619.07 +3.95%

Title: Re: Money Sense
Post by: Anonymous on August 26, 2015, 06:04:25 PM

Big news in the oilpatch, Schlumberger buys Cameron for $12.7 billion.

http://www.wsj.com/articles/schlumberger-to-buy-cameron-international-for-12-7-billion-1440584852

Title: Re: Money Sense
Post by: Anonymous on August 27, 2015, 04:56:22 AM

~~Quote from: "cc la femme"~~After early selloffs and 1 1/2 hour dive, prices improved steadily

TSX Close: +230.66 +1.75%

DOW Close: +619.07 +3.95%

yay, let's hope this is a continuing trend.

Title: Re: Money Sense
Post by: cc on August 27, 2015, 11:47:25 AM

Overnight

Shanghai Composite Closed +5.34%

All Europe up ~4%

As of 11:30 EDT Thusday

DOW +1.5

TSX +2 .5

Title: Re: Money Sense
Post by: Anonymous on August 27, 2015, 07:50:40 PM

It's not directly about investment trends, news or information, but it is the result of the oil price collapse.

Oil-price plunge could cost Ontario billions in equalization

http://www.cbc.ca/news/business/oil-price-plunge-could-cost-ontario-billions-in-equalization-1.3204437

Title: Re: Money Sense
Post by: Anonymous on August 28, 2015, 05:06:44 AM

~~Quote from: "cc la femme"~~Overnight

Shanghai Composite Closed +5.34%

All Europe up ~4%

As of 11:30 EDT Thusday

DOW +1.5

TSX +2 .5

I was hoping there would be a movement upwards yesterday in our invested money, but no, it didn't happen.

:sad:

Title: Re: Money Sense
Post by: Anonymous on August 29, 2015, 05:02:44 AM

Stocks have regained almost all the losses they experienced in the past week..

Oil is over $45 a barrel..

And our mutuals are regaining lost ground..

Let's hope the momentum continues.

Title: Re: Money Sense
Post by: cc on August 29, 2015, 12:59:29 PM

~~Quote from: "Fashionista"~~Stocks have regained almost all the losses they experienced in the past week..

Oil is over $45 a barrel..

And our mutuals are regaining lost ground..

Let's hope the momentum continues.
Bank screwed up and did not effect purchases in TFSA accounts when market was down. Thus buying when low was not successful. May just sit on it in safe stuff and hold off until next low

Title: Re: Money Sense
Post by: Anonymous on August 29, 2015, 06:39:14 PM

~~Quote from: "cc la femme"~~
~~Quote from: "Fashionista"~~Stocks have regained almost all the losses they experienced in the past week..

Oil is over $45 a barrel..

And our mutuals are regaining lost ground..

Let's hope the momentum continues.
Bank screwed up and did not effect purchases in TFSA accounts when market was down. Thus buying when low was not successful. May just sit on it in safe stuff and hold off until next low

I wish we never switched from our conservative growth portfolio..

We would have made our money bank by now..

This must be what seoulbro means when he advised not to try and time the markets.

Title: Re: Money Sense
Post by: Anonymous on August 29, 2015, 07:32:33 PM

The Golden Age is Over: Billionaires Dumping American Companies

http://moneymorning.com/ext/articles/rickards/the-golden-age-is-over.php?iris=337599&utm_source=taboola&utm_medium=referral

Nobel Prize winning economist Robert Shiller has released data showing that U.S. markets are now seriously overvalued. According to his proprietary research, stocks have inflated to almost 2x their historical value. And his recent appearances major television networks included the warning: "This is not the Golden Age for Investing."

Now there's evidence that suggests he's not the only well-known investor taking money out of the U.S. markets.

Warren Buffett recently dumped his entire $3.7 billion stake in America's largest company.

And legendary international investor George Soros cut his number of market positions by over 30% in less than three months. He's already moved nearly $2 billion out of U.S. stocks and into safer havens overseas.

Are these multi-billion dollar moves out of US stocks by some of the world's richest men a warning sign that more serious economic problems are approaching?

According to Jim Rickards, the CIA's Financial Threat Advisor, the answer is yes.

In a startling interview, he reveals the activities undertaken by the Fed inside the Financial War room at the Treasury.

However, it's the findings of an alarming report issued by his colleagues inside all 16 U.S. intelligence agencies that make this interview a must-see for every American.

Take a few moments to see what they fear could begin within the next six months and decide for yourself.

Title: Re: Money Sense
Post by: cc on August 30, 2015, 12:40:28 AM

Good stuff Fash. No matter what any bankers or advisers etc. say, I'm leery of making a move on indexed items . .especially US.

And with the election here, I'm leery of Canadian market.

Not playing "expert", just logic and a gut feeling that keeps saying "be careful... many are overpriced and the world is not stable now"

Title: Re: What other investment alternatives are there to the stock market?
Post by: Anonymous on August 31, 2015, 05:01:13 AM

~~Quote from: "Frank"~~
~~Quote from: "cc la femme"~~Jeez Joey, you just HAVE to start threads, don't you?

This is the last time I'll bother to mention it, but you were told the "money sense" thread is where people will be to discuss financial items.

I don't waste a lot of time with spoiled brats. My response to your question is no contextual response

There, I'm done with you. You can start yet another thread and talk to yourself

Well cc, there are so many aspects to money that really....the money sense thread ought to be a sub-forum.unto itself. Just like the politics subforum.

There's investing, money management, saving for retirement, etc.

Because its such a diverse subject it can also be confused with something else.

Should ask fashionista.

You are right Frank, we could divide this into a sub forum..

But like I told you, this is so important to all of us that I want it at the top, easily accessible for anyone to read..

It's a new week, let's see what how the markets perform.

Title: Re: Money Sense
Post by: Anonymous on August 31, 2015, 09:39:37 PM

~~Quote from: "cc la femme"~~Good stuff Fash. No matter what any bankers or advisers etc. say, I'm leery of making a move on indexed items . .especially US.

And with the election here, I'm leery of Canadian market.

Not playing "expert", just logic and a gut feeling that keeps saying "be careful... many are overpriced and the world is not stable now"

People are reducing their risk exposure a little bit because nobody really knows. There are fears of an American rate hike in September. We can still expect to see some significant drops in the market until we get some direction from the Fed regarding a rate increase.

Title: Re: Money Sense
Post by: Anonymous on September 01, 2015, 05:03:03 AM

The TSX was flat losing less than six points..

But oil was up $3.98 to close at $49.20 with energy stocks doing very well.

Title: Re: Money Sense
Post by: cc on September 01, 2015, 02:16:13 PM

Bloomberg Today - US - Stocks Lead Selloff in Riskier Assets as Oil Falls, Bonds Rally (//http)

September began where August left off in financial markets, with U.S. stocks suffering losses that rank with the worst of the last 11 months amid fresh signs China's slowdown is hampering global growth. Gold and Treasuries rallied.

The selloff in risk assets around the world resumed Tuesday after one of the most volatile trading periods since the financial crisis erased $5.7 trillion from the value of global equities last month.

U.S. stocks suffered their second-biggest losses of 2015 after data showed manufacturing expansion slowed amid anemic demand from emerging markets, adding to concern that weakness in China is spreading.

Up a bit last cpl of hours (down 2 1/2 on TSX & DOW as of 2pm trading time), we shall see what is next- In any regard, "volatility" is the keyword

Title: Re: Money Sense
Post by: Anonymous on September 02, 2015, 09:38:56 AM

~~Quote from: "cc la femme"~~Bloomberg Today - US - Stocks Lead Selloff in Riskier Assets as Oil Falls, Bonds Rally (//http)

September began where August left off in financial markets, with U.S. stocks suffering losses that rank with the worst of the last 11 months amid fresh signs China's slowdown is hampering global growth. Gold and Treasuries rallied.

The selloff in risk assets around the world resumed Tuesday after one of the most volatile trading periods since the financial crisis erased $5.7 trillion from the value of global equities last month.

U.S. stocks suffered their second-biggest losses of 2015 after data showed manufacturing expansion slowed amid anemic demand from emerging markets, adding to concern that weakness in China is spreading.

Up a bit last cpl of hours (down 2 1/2 on TSX & DOW as of 2pm trading time), we shall see what is next- In any regard, "volatility" is the keyword

:sad:

Title: Re: Money Sense
Post by: Anonymous on September 02, 2015, 04:25:25 PM

Besides American stocks being overvalued, we are seeing some weakness in US economic vital signs beyond housing and one other industry. Low oil prices are no longer a boon that they once were. The Chinese are still sticking with that symbolic 7 percent GDP figure. Lower than expected factory orders and reduced infrastructure spending which was giving the cosmetic appearance of higher than normal growth has been scaled back. None of this bodes well for the markets of course.

Title: Re: Money Sense
Post by: J0E on September 03, 2015, 12:07:10 PM

So how long do you think this economic malaise will last?

Is it a temporary blip or are we headed for long term slowdown?

How long before the Chinese and others embark upon spending and economic expansion again.

What factors are holding China back?

~~Quote from: "seoulbro"~~Besides American stocks being overvalued, we are seeing some weakness in US economic vital signs beyond housing and one other industry. Low oil prices are no longer a boon that they once were. The Chinese are still sticking with that symbolic 7 percent GDP figure. Lower than expected factory orders and reduced infrastructure spending which was giving the cosmetic appearance of higher than normal growth has been scaled back. None of this bodes well for the markets of course.

Title: Re: Money Sense
Post by: Anonymous on September 04, 2015, 11:01:09 AM

~~Quote from: "Frank"~~So how long do you think this economic malaise will last?

Is it a temporary blip or are we headed for long term slowdown?

How long before the Chinese and others embark upon spending and economic expansion again.

What factors are holding China back?

~~Quote from: "seoulbro"~~Besides American stocks being overvalued, we are seeing some weakness in US economic vital signs beyond housing and one other industry. Low oil prices are no longer a boon that they once were. The Chinese are still sticking with that symbolic 7 percent GDP figure. Lower than expected factory orders and reduced infrastructure spending which was giving the cosmetic appearance of higher than normal growth has been scaled back. None of this bodes well for the markets of course.

I believe the days of continued explosive growth for China are over. They have been stimulating the economy with massive infrastructure spending for years. They don't have a lot of room to keep forwarding often unneeded capital projects that are riddled with corruption and fraud. Factory orders are down too in China as wages continue to grow. China will transition to a consumer economy. The problem with that is the Chinese are notoriously frugal. Their government needs them to part with their savings. Not an easy thing to do when people do not have confidence in the economy.

Title: Re: Money Sense
Post by: Anonymous on September 09, 2015, 05:01:19 AM

The Toronto and New York indexes both had double digit gains yesterday as oil and copper traded higher.

Title: Re: Money Sense
Post by: Anonymous on September 12, 2015, 09:29:57 AM

I read a prediction that oil could fall as low as $20 per barrel..

Of course the TSX had a bad day because of that..

With China's slowing economy it may be tough for investing for a few years.

:sad:

Title: Re: Money Sense
Post by: Anonymous on September 13, 2015, 07:37:19 AM

~~Quote from: "Fashionista"~~I read a prediction that oil could fall as low as $20 per barrel..

Of course the TSX had a bad day because of that..

With China's slowing economy it may be tough for investing for a few years.

:sad:

I expect an extended period low prices. You can count on a lot of ups and downs for a while because of the slowing in China. But, oil prices that low would take a lot of production off the market and drive prices up.

Title: Re: Money Sense
Post by: cc on September 14, 2015, 05:49:34 PM

Not trying to play Day Traders, just that things had a bad feel / vibes a while back - so we bailed before prices came down and intend to sit on it until the election is behind us and things worldwide look more stable.

If NDP or even Libs win and prices fall more, might be a time to think about buying back in? ... while keeping in mind that China may keep things unstable

Title: Re: Money Sense
Post by: Anonymous on September 15, 2015, 12:38:22 AM

~~Quote from: "cc la femme"~~Not trying to play Day Traders, just that things had a bad feel / vibes a while back - so we bailed before prices came down and intend to sit on it until the election is behind us and things worldwide look more stable.

If NDP or even Libs win and prices fall more, might be a time to think about buying back in? ... while keeping in mind that China may keep things unstable

I don't look at my portfolio online everyday. I know the news has not been good for a while. And I don't see a turnaround in the near future.

Title: Re: Money Sense
Post by: Anonymous on September 15, 2015, 10:38:40 AM

Another bad day for our investments yesterday..

I saw on the news that the markets are waiting to see if the USA raises interest rates or not.

Title: Re: Money Sense
Post by: Anonymous on September 20, 2015, 08:15:30 PM

~~Quote from: "Fashionista"~~Another bad day for our investments yesterday..

I saw on the news that the markets are waiting to see if the USA raises interest rates or not.

The Fed left interest rates alone.

Title: Re: Money Sense
Post by: Anonymous on September 22, 2015, 12:22:34 PM

The Fed didn't raise interest rates, so money is fluid right now. Big gains yesterday and bigger losses today.

Title: Re: Money Sense
Post by: Anonymous on September 28, 2015, 12:22:47 PM

Big losses on the TSX and Dow today. Another ride on the roller coaster.

Title: Re: Money Sense
Post by: Thiel on September 30, 2015, 07:31:18 AM

~~Quote from: "seoulbro"~~Big losses on the TSX and Dow today. Another ride on the roller coaster.

Some very weak data released in China that put downward pressure on the markets.

Title: Re: Money Sense
Post by: Anonymous on October 02, 2015, 09:38:10 AM

Disappointing job news from the United States today..

September job numbers came in below expectations..

It probably won't be a good day again for the markets.

ac_unsure

Title: Re: Money Sense
Post by: Anonymous on October 02, 2015, 01:20:51 PM

The Golden Age is Over: Billionaires Dumping American Companies

~~Quote~~By MONEY MORNING STAFF REPORTS - ‎02‎/‎10‎/‎2015

Nobel Prize winning economist Robert Shiller has released data showing that U.S. markets are now seriously overvalued. According to his proprietary research, stocks have inflated to almost 2x their historical value. And his recent appearances major television networks included the warning: "This is not the Golden Age for Investing."

Now there's evidence that suggests he's not the only well-known investor taking money out of the U.S. markets.

Warren Buffett recently dumped his entire $3.7 billion stake in America's largest company.

And legendary international investor George Soros cut his number of market positions by over 30% in less than three months. He's already moved nearly $2 billion out of U.S. stocks and into safer havens overseas.

Are these multi-billion dollar moves out of US stocks by some of the world's richest men a warning sign that more serious economic problems are approaching?

According to Jim Rickards, the CIA's Financial Threat Advisor, the answer is yes.

In a startling interview, he reveals the activities undertaken by the Fed inside the Financial War room at the Treasury.

However, it's the findings of an alarming report issued by his colleagues inside all 16 U.S. intelligence agencies that make this interview a must-see for every American.

Take a few moments to see what they fear could begin within the next six months and decide for yourself.

http://moneymorning.com/ext/articles/rickards/the-golden-age-is-over.php?iris=337599&utm_source=taboola&utm_medium=referral

Title: Re: Money Sense
Post by: Anonymous on October 02, 2015, 05:25:56 PM

~~Quote from: "Shen Li"~~The Golden Age is Over: Billionaires Dumping American Companies

~~Quote~~By MONEY MORNING STAFF REPORTS - ‎02‎/‎10‎/‎2015

Nobel Prize winning economist Robert Shiller has released data showing that U.S. markets are now seriously overvalued. According to his proprietary research, stocks have inflated to almost 2x their historical value. And his recent appearances major television networks included the warning: "This is not the Golden Age for Investing."

Now there's evidence that suggests he's not the only well-known investor taking money out of the U.S. markets.

Warren Buffett recently dumped his entire $3.7 billion stake in America's largest company.

And legendary international investor George Soros cut his number of market positions by over 30% in less than three months. He's already moved nearly $2 billion out of U.S. stocks and into safer havens overseas.

Are these multi-billion dollar moves out of US stocks by some of the world's richest men a warning sign that more serious economic problems are approaching?

According to Jim Rickards, the CIA's Financial Threat Advisor, the answer is yes.

In a startling interview, he reveals the activities undertaken by the Fed inside the Financial War room at the Treasury.

However, it's the findings of an alarming report issued by his colleagues inside all 16 U.S. intelligence agencies that make this interview a must-see for every American.

Take a few moments to see what they fear could begin within the next six months and decide for yourself.

http://moneymorning.com/ext/articles/rickards/the-golden-age-is-over.php?iris=337599&utm_source=taboola&utm_medium=referral

Nothing new here. American stocks are overvalued.

Title: Re: Money Sense
Post by: Anonymous on October 08, 2015, 09:22:36 PM

This is a wake up call for many. Canadians can no longer count on high returns on their retirement savings.

http://www.torontosun.com/2015/10/07/retirement-returns-to-stay-low-report-says

Your retirement savings returns might be lower than you first thought. That's a key takeaway from a new report out by the CD Howe Institute.

In fact, Canadians might be looking at a measly 1% return per year — after inflation. That's the conclusion made by report authors Steve Ambler, economics professor at University of Quebec, and Craig Alexander, the institute's v-p of economic analysis.

To make matters worse, they predict these low returns will persist for several decades.

"I'm not meaning to be the bearer of bad news, but people need to put their retirement assumptions in perspective," Alexander, former chief economist for TD Bank, explained in an interview with Postmedia Network.

"We've made debt incredibly cheap so it's very good for borrowers but we're in an environment that is really punishing for savers."

The report isn't suggesting 1% is all you'll get for wild west investing styles like picking penny stocks. Rather this is what to expect from a traditionally diversified pension or retirement fund.

"Many pension funds are assuming rates of return higher than the 4%-6% range and the real issue is anything beyond 3% you're going to be taking risk," Alexander adds. It's inflation that knocks that 3% down to 1%.

"If you're aiming for a 7% return are you comfortable with the risk you're going to take on to achieve that?"

Is there any solution to this? No silver bullet one, that's for sure.

While political party leaders are arguing in the federal campaign that they've got the goods to manage the economy, Alexander explains their "incremental" policies will have little impact.

"Canada needs to create a more productive and competitive economy," he concludes. More growth. Higher salaries.

Until then, Canadians need to have a chat with their investment advisers and adjust their expectations.

Title: Re: Money Sense
Post by: Anonymous on October 10, 2015, 06:00:02 AM

It was a pretty good week overall for the markets and our investments..

The TSX closed 14 points lower yesterday, but was up for the week.

Title: Re: Money Sense
Post by: Anonymous on October 13, 2015, 01:47:58 PM

It will be interesting to see how much longer Saudi Arabia can maintain their failed policy of flooding the markets with crude. It has caused a lot of pain among other OPEC nations and even Saudi Arabia itself. The kingdom is now deeply in debt and looking for areas to cut spending. I predict oil to rise, but I don't know how far SA are prepared to take this. Whatever decision they make will affect our investments and our dollar.

Title: Re: Money Sense
Post by: cc on October 13, 2015, 10:52:14 PM

With a current lean to the Liberals, with their and especially their boy leader governing, and I use the term loosely, will the markets not take an immediate beating?

Certainly they will over time as dreams hit reality

Title: Re: Money Sense
Post by: Anonymous on October 14, 2015, 10:49:49 PM

~~Quote from: "cc la femme"~~With a current lean to the Liberals, with their and especially their boy leader governing, and I use the term loosely, will the markets not take an immediate beating?

Certainly they will over time as dreams hit reality

We topped up our TFSA contributions to the maximum allowable amount before Justin Trudeau claws it back.

Title: Re: Money Sense
Post by: cc on October 16, 2015, 09:53:13 PM

Good move I think. I'm not sure what he will do myself. I have not been following hairboy and his antics closely

Can he "claw back" amount in, or just set new annual limits or set a new total?

Title: Re: Money Sense
Post by: Anonymous on October 16, 2015, 09:56:04 PM

~~Quote from: "cc la femme"~~Good move I think. I'm not sure what he will do myself. I have not been following hairboy and his antics closely

Can he "claw back" amount in, or just set new annual limits or set a new total?

Who knows?? Our future most unqualified PM we have ever had does not even know his own platform. We are getting an unvetted PM.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Ace on October 24, 2015, 08:47:40 PM

~~Quote from: "seoulbro"~~1. If you are among the millions of Canadians who has TFSA, you know it must be invested in Canadian companies.

This is false.

Title: Re: Money Sense
Post by: Ace on October 24, 2015, 08:55:31 PM

I should add though, that if it is a dividend paying US stock, I do believe that US capital gains tax is automatically deducted on the dividends. However, the tax deducted can be claimed, and will be reimbursed in full. I avoided this step by investing in US stocks that didn't pay dividend.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Anonymous on October 26, 2015, 10:16:18 PM

~~Quote from: "Ace"~~
~~Quote from: "seoulbro"~~1. If you are among the millions of Canadians who has TFSA, you know it must be invested in Canadian companies.

This is false.

It sure is and I did not notice what I wrote until now. US stocks are eligible for TFSAs so long as they are traded on a designated stock exchange. If your stocks pay US dividends like you mentioned then you will have to pay foreign non-resident withholding tax on that money, which could be costly!

Fortunately you can generally claim the Canadian foreign tax credit on this amount withheld and get some (most) of it back.

Title: Re: Money Sense
Post by: cc on October 27, 2015, 11:06:57 PM

Canadian mutuals, ETFs etc that hold US stocks are OK in a TFSA, right?

Title: Re: Money Sense
Post by: Anonymous on October 30, 2015, 12:01:43 AM

~~Quote from: "cc la femme"~~Canadian mutuals, ETFs etc that hold US stocks are OK in a TFSA, right?

The Income Tax Act states that in order for a stock to be a qualified investment for a TFSA, it generally must be listed on a designated stock exchange. The Department of Finance maintains a list on its website of designated exchanges, which includes 41 exchanges in 28 countries. Most US stocks are fine in your TFSA, but you are subjected to withholding tax on dividends from your American stocks. The standard withholding tax rate for dividends on U.S. stocks is 30%.

The same applies to ETFs and mutual funds holding U.S. stocks. To minimize the hit, you might consider holding U.S. stocks (or ETFs listed on U.S. exchanges) in your RRSP or RRIF instead, because retirement accounts are exempt from these withholding taxes.

Title: Re: Money Sense
Post by: Anonymous on November 08, 2015, 07:21:35 AM

Money is flooding out of Canada at the fastest pace in the developed world as the nation's decade-long oil boom comes to an end and little else looks ready to take the industry's place as an economic driver.

http://business.financialpost.com/investing/global-investor/money-is-flooding-out-of-canada-at-the-fastest-pace-in-the-developed-world

Title: Re: Money Sense
Post by: Anonymous on November 16, 2015, 01:53:47 PM

The Canadian market is in the worst shape I have seen in my career.

http://www.financialpost.com/m/wp/blog.html?b=business.financialpost.com%2F%2Fbusiness-2%2Fwhy-canada-is-becoming-the-orphan-equity-market-nobody-wants

Canada is the orphan equity market nobody wants.

Hammered by the commodity meltdown all year, shares of some of its biggest corporate icons are now also sliding, driving the benchmark Standard & Poor's/TSX Composite Index toward its lowest level in two years. On Friday, the resource-heavy index capped its longest losing streak in more than a decade, worse than any stretch during the 2008 financial crisis.

"There will be more pain for Canada," said Sadiq Adatia, chief investment officer at Sun Life Global Investments in Toronto. His firm manages about $11.5 billion, and has been underweight Canadian investments for three years in favour of U.S. and international markets. The S&P/TSX will likely fall below 13,000 points in the near term, levels not seen in two years, he said.

Title: Re: Money Sense
Post by: Anonymous on December 07, 2015, 11:27:10 PM

Oil dropped to it's lowest level in six years, the Canadian dollar closed 3/4 of a cent lower. Bodes well for airline stocks.

Title: Re: Money Sense
Post by: cc on December 08, 2015, 01:41:00 AM

~~Quote from: "seoulbro"~~The Canadian market is in the worst shape I have seen in my career.

http://www.financialpost.com/m/wp/blog.html?b=business.financialpost.com%2F%2Fbusiness-2%2Fwhy-canada-is-becoming-the-orphan-equity-market-nobody-wants

Canada is the orphan equity market nobody wants.

Hammered by the commodity meltdown all year, shares of some of its biggest corporate icons are now also sliding, driving the benchmark Standard & Poor's/TSX Composite Index toward its lowest level in two years. On Friday, the resource-heavy index capped its longest losing streak in more than a decade, worse than any stretch during the 2008 financial crisis.

"There will be more pain for Canada," said Sadiq Adatia, chief investment officer at Sun Life Global Investments in Toronto. His firm manages about $11.5 billion, and has been underweight Canadian investments for three years in favour of U.S. and international markets. The S&P/TSX will likely fall below 13,000 points in the near term, levels not seen in two years, he said.

Wow. Thanks guy

We have stayed out of it totally the past several months. Looks like one should not dive back in for some time to come

Title: Re: Money Sense
Post by: Anonymous on December 08, 2015, 11:02:30 AM

~~Quote from: "cc la femme"~~
~~Quote from: "seoulbro"~~The Canadian market is in the worst shape I have seen in my career.

http://www.financialpost.com/m/wp/blog.html?b=business.financialpost.com%2F%2Fbusiness-2%2Fwhy-canada-is-becoming-the-orphan-equity-market-nobody-wants

Canada is the orphan equity market nobody wants.

Hammered by the commodity meltdown all year, shares of some of its biggest corporate icons are now also sliding, driving the benchmark Standard & Poor's/TSX Composite Index toward its lowest level in two years. On Friday, the resource-heavy index capped its longest losing streak in more than a decade, worse than any stretch during the 2008 financial crisis.

"There will be more pain for Canada," said Sadiq Adatia, chief investment officer at Sun Life Global Investments in Toronto. His firm manages about $11.5 billion, and has been underweight Canadian investments for three years in favour of U.S. and international markets. The S&P/TSX will likely fall below 13,000 points in the near term, levels not seen in two years, he said.

Wow. Thanks guy

We have stayed out of it totally the past several months. Looks like one should not dive back in for some time to come

It's bad for Canada. Dollar is trading at 73 something this morning. Oil is down again and so is the TSX. A person needs to be so smart now to prevent losing more money.

Title: Re: Money Sense
Post by: Anonymous on December 08, 2015, 05:27:50 PM

The TSX composite finished the day below the psychologically important 13,000 today. The dollar was down to 73.59 cents against the US dollar. Stephen Poloz, the governor of the Bank of Canada, has indicated they are prepared to intervene with stimulative measures if the situation continues to deteriorate. That may include unconventional tools such as negative interest rates.

Title: Re: Money Sense
Post by: Anonymous on December 09, 2015, 04:26:45 PM

Stephen Poloz is trying to talk down the value of the Canadian dollar.

Title: Re: Money Sense
Post by: Phagdish Hardy on December 10, 2015, 01:57:35 AM

I am such an effeminate, flaming, white Vancouver homo idiot. Continuation of the low interest rate policy is really the only option in a time of low commodity prices. They get paid in US dollars and the only way this high wage sector will not lay off even more people is with higher revenue, ie higher dollars. I should quit as a florist at my bf's fucking shop and get a real job in a productive industry. I might learn some fucking shit.

Title: Re: Money Sense
Post by: Anonymous on December 11, 2015, 05:37:24 PM

The Standard & Poor's/TSX Composite Index dropped 226.64 points, or 1.74 per cent, to 12,789.95 points in Toronto, it's lowest level in two years. This gauge tumbled below 13,000 for the first time since 2013. On the week, it was down 3.95 per cent.

The loonie fell 0.61 of a U.S. cent, or 0.83 per cent, to finish at 72.77 cents. The last time Canada's dollar was below 73 cents was in mid-June 2004.

WTI's front-month settled in the $35 territory the first time since February 2009. The contract finished the session down $1.14, or 3 per cent, at $35.62, after hitting an intra-day low at $35.35. WTI's financial crisis low was $32.40 in December 2008.

Please, please, please bring on a strong Santa Claus rally.

Title: Re: Money Sense
Post by: Anonymous on December 14, 2015, 04:03:56 PM

The Canadian dollar is at an eleven year low. Crude is below $35 and of course the TSX composite is down again.

Title: Re: Money Sense
Post by: Anonymous on December 14, 2015, 06:40:00 PM

There was some movement later in the day. WTI crude rebounded to $36.31 a barrel. The recovery will be short lived as Iran gets ready to pump more.

The Bloomberg Commodity Index, a basket of prices for natural resources from copper to oil and gold, declined 0.6 per cent. It has lost 26 per cent this year.

In the energy sector, Encana Corp. and Enerplus Corp. lost more than 7.2 per cent. Baytex Energy Corp. fell 5 per cent to a record low, while Bankers Petroleum Ltd. decreased 4.1 per cent after earlier reaching its lowest level since February 2009.

Rogers Communications Inc.'s 1.1-per-cent gain led a 1-per-cent climb in Canadian phone companies.

The consumer staples group climbed 0.6 per cent, with convenience store operator Alimentation Couche-Tard up 1.5 per cent and grocery store chain Loblaw Cos added 1.1 per cent.

U.S. stocks rose, surging in the final minutes of trading as a rebound in crude-oil overshadowed credit market turbulence and weakness in commodity shares before the Federal Reserve prepares to raise interest rates.

The Standard & Poor's 500 Index rose 0.5 per cent to 2,022.08 in New York, after earlier falling as much as 1 per cent. Equities erased declines as crude oil rose more than 2 percent after swinging between gains and losses.

Title: Re: Money Sense
Post by: Anonymous on December 15, 2015, 02:28:13 PM

The biggest real estate company on the prairies, Royal Lepage foothills in Calgary is going bankrupt.

:ohmy:

Title: Re: Money Sense
Post by: Anonymous on December 17, 2015, 10:20:05 PM

The pain continues. The TSX composite lost 156 points to close just above 13,000. The dollar lost almost a full cent to close at 71.68 US and oil was down to closing at $34.95.

Title: Re: Money Sense
Post by: Anonymous on December 31, 2015, 12:39:45 PM

Here are three good bets for dividend investors in 2016.

1) National Bank of Canada (TSX:NA) is the Rodney Dangerfield of Canadian banks. Even though it has a market cap of nearly $14 billion and total assets of more than $215 billion, it still trades at a much lower valuation than its peers. It gets no respect.

This is good news for the enterprising value investor. Where else in today's market can you buy a bank trading at nine times earnings and at less than 1.3 times book value? Oh, and one that pays a dividend of 5.3%? You might find another, but pickings are slim.

One of the reasons why investors are so pessimistic about the company is its Canadian-centric approach. If the market is concerned with the Canadian economy, it's only natural that investors would avoid the bank with the most exposure.

National Bank's management team knows this as well as we do. Look for it to make an acquisition in the United States relatively soon, following the path blazed by its larger peers. Such a deal could help bridge the valuation gap between National Bank and other Canadian banks.

2) Genworth MI Canada Inc (TSX:MIC) is Canada's largest private insurer of mortgages, which places it square in the cross hairs of Canadian housing bears. If Canada's real estate market implodes, they argue, the bankruptcy of Genworth is a distinct possibility.

I'm not sure it'll be that bad. Remember, Genworth has a guarantee from the Canadian government that gives it much of the same support offered to CMHC, its government-owned main competitor. Insurance premiums have been going up lately, and the company has a healthy $3.36 billion worth of book value compared to just $229 million in net debt. A lot will have to go wrong for it to chew through that much equity.

The stock is very cheap as well. It trades at just 72% of book value and has a P/E ratio of just 6.6, making it one of the cheapest stocks in the entire country on both metrics. The dividend has been boosted each year Genworth has been publicly traded, and shares currently yield 6.3%.

3) GM Financial Inc. (TSX:IGM) is one of Canada's largest money managers. It owns the Mackenzie Financial group of mutual funds and is the parent to some 5,000 Investors Group investment advisors.

Shares of IGM have fallen more than 20% thus far in 2015 as investors are nervous about upcoming rule changes that will force investment advisors to disclose the cost of mutual funds in actual dollar terms, rather than just a percentage of assets. This combined with the continued move away from mutual funds into ETFs could be bad news.

But I'm not convinced. People value the relationship they have with their Investors Group advisor. If cost was the real issue, they would have moved on long ago. Certain investors are more than willing to pay for the reassuring voice of an advisor. And having an army of salespeople to push its funds is a huge advantage for IGM.

Like the others, IGM is downright cheap today. Shares trade hands at just 12 times earnings, and investors are getting an attractive 6.2% yield.

Title: Re: Money Sense
Post by: Ace on January 02, 2016, 03:14:09 AM

Investing wisely is tough these days... The Canadian banks are solid, by my returns are sluggish to say the least.

I try to diversify my portfolio with riskier holdings also, but these have proven to be a crapshoot also in the longer term.

I was always taught to be a "buy and hold" kinda guy, but I can seriously understand why the smart ones try to time stocks, and the markets...

Title: Re: Money Sense
Post by: Ace on January 02, 2016, 03:18:31 AM

I'm just having a hard time seeing the gains. I have owned Petrowest shares for a couple of years now. Now that the dam project has been approved, and Petrowest has been awarded a chunk of this project, one would assume a nice spike in value.

Again, I am not seeing this with my holdings.

It's almost like one must immediately sell all shares once the value goes up, and reinvest in something else that hopefully has bottomed. I don't like gambling like this, but how else can an investor make money at like 2 or 3% return?

Title: Re: Money Sense
Post by: Ace on January 02, 2016, 03:27:29 AM

As an example, just after the Christmas holidays (so literally a couple of active trading days ago now) I bought shares in both Mogo (GO) and Newalta (NAL).

I believed both of these holdings had more or less bottomed...

Mogo is up 10.40%.

Newalta is down 10.12%

Essentially they have cancelled each other out. Newalta does pay dividends, so it lessens the blow, but man it's tough!

Historical gains anywhere, it seems, are just that... History!

Title: Re: Money Sense
Post by: cc on January 04, 2016, 12:42:54 PM

Here We Go Again

Fresh China Growth Worries Slam Stocks

Investors hoping to turn the page of 2015 Monday got a rude awakening as China growth worries resurfaced, and U.S. equity markets extended a global rout, tumbling more than 2%.

Click to Enlarge Image

Title: Re: Money Sense
Post by: cc on January 04, 2016, 12:50:00 PM

Wait Wait !! - It May be a lot worse apart from China

FBN - Stocks Facing Bigger Issue Than Chinese Slowdown (//http)

Monday's sharp stock selloff, an alarming opening to the 2016 trading season, is being blamed on renewed concerns out of China that the world's second largest economy is rapidly losing steam.

That's makes sense, but the downturn may be a sign of a larger issue for U.S. stock markets: investors are coming around to the reality that years of stock market gains fueled largely by the Federal Reserve's easy money policies are finally coming to an end.

In other words, the party is over and it's time to sober up. How appropriate then that this message is resonating so clearly on the first trading day after the New Year.

For me, as the TSX came down and US stocks continued to climb despite a very soft US economy underbelly, clearly "something" did not fit south of the border.

This "could be the reconning for and the end of what many see as HEAVILY OVERPRICED US Stocks" ???

Some are saying tomorrow depends on openings @ the 2 major Asian markets + how the day goes from there.

seoulbro - Your take on it all?

Title: Re: Money Sense
Post by: Anonymous on January 04, 2016, 02:52:41 PM

~~Quote from: "cc la femme"~~Wait Wait !! - It May be a lot worse apart from China

FBN - Stocks Facing Bigger Issue Than Chinese Slowdown (//http)

Monday's sharp stock selloff, an alarming opening to the 2016 trading season, is being blamed on renewed concerns out of China that the world's second largest economy is rapidly losing steam.

That's makes sense, but the downturn may be a sign of a larger issue for U.S. stock markets: investors are coming around to the reality that years of stock market gains fueled largely by the Federal Reserve's easy money policies are finally coming to an end.

In other words, the party is over and it's time to sober up. How appropriate then that this message is resonating so clearly on the first trading day after the New Year.

For me, as the TSX came down and US stocks continued to climb despite a very soft US economy underbelly, clearly "something" did not fit south of the border.

This "could be the reconning for and the end of what many see as HEAVILY OVERPRICED US Stocks" ???

Some are saying tomorrow depends on openings @ the 2 major Asian markets + how the day goes from there.

seoulbro - Your take on it all?

Oh gosh cc la femme, our investments and retirement did very poorly in 2015, but 2016 could be another poor year.

:sad:

Title: Canada Sent More "Participants" To Paris Climate Talks Than Australia, the U.K. And U.S. Together
Post by: Romero on January 04, 2016, 06:51:37 PM

~~Quote from: "seoulbro"~~
~~Quote from: "Renee"~~Once again, the far left "news" sources of the Prog Prince get shot down. :laugh3:

I am surprised Romero did not take a look at some real news sources and see that China's use of coal electricity is growing.

~~Quote~~China, the world's largest coal consumer, has decided to halt new coal mines approval for the next three years while it continues cutting output at existing operations, in a new effort to shrink both oversupply and a worsening pollution crisis.

As part of the tough rules implemented by the national energy regulator, Beijing will shut more than 1,000 coal mines next year, taking out 60 million metric tons of unneeded capacity, state-run agency Xinhua News reported.

China's chronic air pollution generally gets worse in winter, when power consumption —much of it fuelled by coal — rises along with demand for heating. Earlier this month, capital Beijing issued its first-ever red alert for pollution. Poisonous air quality prompted the government to close schools, force motorists off the road and shut down factories for more than 72 hours.

The government has also readjusted its targeted energy mix for 2016. Under the new blueprint, non-fossil fuels will make up 13.2% of the country's energy, an increase from 12% this year. The ratio of natural gas will also increase to 6.2% from 6% while coal usage will be reduced to 62.6% from around 64.4% this year.

For the next five years, the Chinese government also aims to add over 20 million kilowatts of installed wind power and more than 15 million kilowatts of installed photovoltaic power.

//http://www.mining.com/china-wont-approve-new-coal-mines-until-2019/

Title: Re: Canada Sent More "Participants" To Paris Climate Talks Than Australia, the U.K. And U.S. Together
Post by: Anonymous on January 04, 2016, 08:17:47 PM

^Oversupply and a rapidly slowing economy. What's ur point?

In the mean time.

Germany Buys Most Russian Coal Since 2006 to Diversify
~~Quote~~Russian coal imports rose 6.6 percent to 12.6 million metric tons last year, according to data from the Federal Statistics Office in Wiesbaden, Germany. That's more than a quarter of all foreign purchases. Total imports into Europe's biggest economy also rose to their highest level since 2006.

http://www.bloomberg.com/news/articles/2015-02-13/germany-buys-most-russian-coal-since-2006-amid-eu-diversity-push

Title: Re: Canada Sent More "Participants" To Paris Climate Talks Than Australia, the U.K. And U.S. Together
Post by: Renee on January 04, 2016, 08:53:00 PM

~~Quote from: "Shen Li"~~^Oversupply and a rapidly slowing economy. What's ur point?

In the mean time.

Germany Buys Most Russian Coal Since 2006 to Diversify
~~Quote~~Russian coal imports rose 6.6 percent to 12.6 million metric tons last year, according to data from the Federal Statistics Office in Wiesbaden, Germany. That's more than a quarter of all foreign purchases. Total imports into Europe's biggest economy also rose to their highest level since 2006.

http://www.bloomberg.com/news/articles/2015-02-13/germany-buys-most-russian-coal-since-2006-amid-eu-diversity-push

"Slowing"???? The economy of the world's greatest civilization has all but stalled. In fact it's shitty performance has been tanking markets all over the globe today.

I guess Rohammad hasn't been paying much attention of the financial front. :oeudC:

Title: Re: Canada Sent More "Participants" To Paris Climate Talks Than Australia, the U.K. And U.S. Together
Post by: Anonymous on January 04, 2016, 09:28:39 PM

~~Quote from: "Renee"~~
~~Quote from: "Shen Li"~~^Oversupply and a rapidly slowing economy. What's ur point?

In the mean time.

Germany Buys Most Russian Coal Since 2006 to Diversify
~~Quote~~Russian coal imports rose 6.6 percent to 12.6 million metric tons last year, according to data from the Federal Statistics Office in Wiesbaden, Germany. That's more than a quarter of all foreign purchases. Total imports into Europe's biggest economy also rose to their highest level since 2006.

http://www.bloomberg.com/news/articles/2015-02-13/germany-buys-most-russian-coal-since-2006-amid-eu-diversity-push

"Slowing"???? The economy of the world's greatest civilization has all but stalled. In fact it's shitty performance has been tanking markets all over the globe today.

I guess Rohammad hasn't been paying much attention of the financial front. :oeudC:

He wouldn't be the only one Renee..

More importantly, the last few posts seem more suited to the Money Sense thread.

Title: Re: Money Sense
Post by: cc on January 04, 2016, 11:23:04 PM

It "WAS" posted in Money sense

Something strange here Fash - I click pages 1 to 8 and I get "Money Sense Thread"

I click page 9 and I get - Re: Canada Sent More "Participants" To Paris Climate Talks Than Australia, the U.K. And U.S. Together

Title: Re: Money Sense
Post by: cc on January 04, 2016, 11:28:03 PM

Further - the last 3 posts on page 8 are titled "Re: Canada Sent More "Participants" To Paris Climate Talks Than Australia, the U.K. And U.S. Together"

My post followed directly by your post above those 3 posts are titled "Money Sense Thread"

Title: Re: Money Sense
Post by: Anonymous on January 04, 2016, 11:29:44 PM

~~Quote from: "cc la femme"~~It "WAS" posted in Money sense

Something strange here Fash - I click pages 1 to 8 and I get "Money Sense Thread"

I click page 9 and I get - Re: Canada Sent More "Participants" To Paris Climate Talks Than Australia, the U.K. And U.S. Together

It was thought that the last few posts were more about economic woes than environmental ones, so I moved them here.

Title: Re: Money Sense
Post by: cc on January 04, 2016, 11:32:59 PM

You are correct, but that's not what I'm saying

Somebody cross posted and any quotes now read Re: Canada Sent More "Participants" To Paris Climate Talks Than Australia, the U.K. And U.S. Together

Title: Re: Money Sense
Post by: cc on January 04, 2016, 11:38:52 PM

OK - I nailed it - It was Rohammad - 3rd post from bottom of page 8 - he quoted from one thread and then posted it in Money Sense thread

Prolly had to rush to prayer and messed up

ac_smile

Title: Re: Money Sense
Post by: Anonymous on January 04, 2016, 11:45:04 PM

~~Quote from: "cc la femme"~~You are correct, but that's not what I'm saying

Somebody cross posted and any quotes now read Re: Canada Sent More "Participants" To Paris Climate Talks Than Australia, the U.K. And U.S. Together

Oh I see what you mean cc la femme.

Title: Re: Money Sense
Post by: cc on January 04, 2016, 11:46:32 PM

Yes - and i cannot find the Re: Canada Sent More "Participants" To Paris Climate Talks Than Australia, the U.K. And U.S. Together" thread anywhere on main page - I think that is where it used to be?

Title: Re: Money Sense
Post by: Anonymous on January 05, 2016, 12:03:23 AM

~~Quote from: "cc la femme"~~Wait Wait !! - It May be a lot worse apart from China

FBN - Stocks Facing Bigger Issue Than Chinese Slowdown (//http)

Monday's sharp stock selloff, an alarming opening to the 2016 trading season, is being blamed on renewed concerns out of China that the world's second largest economy is rapidly losing steam.

That's makes sense, but the downturn may be a sign of a larger issue for U.S. stock markets: investors are coming around to the reality that years of stock market gains fueled largely by the Federal Reserve's easy money policies are finally coming to an end.

In other words, the party is over and it's time to sober up. How appropriate then that this message is resonating so clearly on the first trading day after the New Year.

For me, as the TSX came down and US stocks continued to climb despite a very soft US economy underbelly, clearly "something" did not fit south of the border.

This "could be the reconning for and the end of what many see as HEAVILY OVERPRICED US Stocks" ???

Some are saying tomorrow depends on openings @ the 2 major Asian markets + how the day goes from there.

seoulbro - Your take on it all?

It was the worst start of the year for the Dow in eight years. China has been responsible for anywhere from 1/4 - 1/3 of global growth since the onset of the financial meltdown in 2008. The global driver of stocks is changing. China is now transitioning from high growth based on infrastructure spending and manufacturing to one centred on consumer spending. It is a natural progression, but it has impacts for global market demand. It also exposes the weakness in other markets. It is going to be a lukewarm year.

Title: Re: Money Sense
Post by: cc on January 05, 2016, 12:58:58 AM

Thanks guy. How about possible overpriced US market?

Just looked - Tues business - 1 hour to closing - Shanghai Composite down only 1.5%

Hang Seng closed @ down 0.85%

MarketWatch - China's central bank injected 130 billion yuan ($19.9 billion) in short-term funds into the country's financial system, according to a statement, in an effort to help calm jittery investors after Monday's sharp stock selloff.

Some are predicting that China's rigged markets could go badly fast - "If investors suspect China is no longer ready or able to step in as a buyer, you can expect Chinese equities to fall fast,"

The black start to January trading had its roots in the controversial government intervention last summer to rescue stocks from a rout, which wiped over $4 trillion off share values and sent shock waves around global markets.

This appeared to have paid off after a subsequent partial market rebound, yet it always left a worrying overhang both from resulting heavy state ownership and the imposition of a six-month ban on major shareholders (over 5%) from selling positions.

With that six-month moratorium ending this coming Friday, investors were spooked that there could be an avalanche of pent-up selling.

And this time around will the government still be around to come in as buyer of the last resort?

Title: Re: Money Sense
Post by: Anonymous on January 05, 2016, 10:03:41 PM

~~Quote from: "cc la femme"~~Thanks guy. How about possible overpriced US market?

Just looked - Tues business - 1 hour to closing - Shanghai Composite down only 1.5%

Hang Seng closed @ down 0.85%

MarketWatch - China's central bank injected 130 billion yuan ($19.9 billion) in short-term funds into the country's financial system, according to a statement, in an effort to help calm jittery investors after Monday's sharp stock selloff.

Some are predicting that China's rigged markets could go badly fast - "If investors suspect China is no longer ready or able to step in as a buyer, you can expect Chinese equities to fall fast,"

The black start to January trading had its roots in the controversial government intervention last summer to rescue stocks from a rout, which wiped over $4 trillion off share values and sent shock waves around global markets.

This appeared to have paid off after a subsequent partial market rebound, yet it always left a worrying overhang both from resulting heavy state ownership and the imposition of a six-month ban on major shareholders (over 5%) from selling positions.

With that six-month moratorium ending this coming Friday, investors were spooked that there could be an avalanche of pent-up selling.

And this time around will the government still be around to come in as buyer of the last resort?

That's not very encouraging cc la femme.

Title: Re: Money Sense
Post by: Anonymous on January 06, 2016, 09:19:54 AM

The Chinese government has put the peg to the American dollar slightly lower..

I saw that it's difficult to gauge China's stock market because there are many state owned enterprises that are manipulated by cadres..

It's not like other stock exchanges.

Title: Re: Money Sense
Post by: cc on January 06, 2016, 10:38:16 PM

Yes. And further, every time the market seeks its true level the gov't pours billions more into it to rescue it ... which is really just kicking the can down the road, not addressing the problem underneath it all

I'm not sure if the "sell" deadline is at the beginning of or the end of the day Friday - will be interesting to follow if the deadline is not extended. Effect could be immediate or a bit later and slowly. We will know soon

EDIT: Current - Oh Oh!! Shanghai is down another -7.32% as of this moment, 3 hrs till closing ... unless they stop trading like they did a few days ago at -7%+

Here's what I use to get a look at what "might" happen any next day here

http://money.cnn.com/data/world_markets/americas/

Title: Re: Money Sense
Post by: Anonymous on January 06, 2016, 10:53:02 PM

~~Quote from: "cc la femme"~~Yes. And further, every time the market seeks its true level the gov't pours billions more into it to rescue it ... which is really just kicking the can down the road, not addressing the problem underneath it all

I'm not sure if the "sell" deadline is at the beginning of or the end of the day Friday - will be interesting to follow if the deadline is not extended. Effect could be immediate or a bit later and slowly. We will know soon

EDIT: Current - Oh Oh!! Shanghai is down another -7.32% as of this moment, 3 hrs till closing ... unless they stop trading like they did a few days ago at -7%+

Here's what I use to get a look at what "might" happen any next day here

http://money.cnn.com/data/world_markets/americas/

Oh no cc la femme.

Title: Re: Money Sense
Post by: cc on January 06, 2016, 11:40:27 PM

Strange - still -7.32% with 2 1/2 hrs till close

It isn't my cache as the time till closing is changing each minute

Maybe they did shut down trading again?? I'll see what i can find

Title: Re: Money Sense
Post by: cc on January 06, 2016, 11:43:28 PM

Strange - still -7.32% with 2 1/2 hrs till close

It isn't my cache as the time till closing is changing each minute

Maybe they did shut down trading again?? I'll see what i can find -

EDIT: OK, It is closed and it auto closes when it hits -7% for the day

China's "circuit breakers" - BBC

The measures were announced in December after a summer of dramatic market losses - used for the first time time on Monday and again on Thursday

They automatically stop trading in stock markets that drop or appreciate too sharply - a 15 minute break if the CSI 300 Index moves 5% from the market's previous close, or a whole-day halt if it moves 7% or more

Title: Re: Money Sense
Post by: Anonymous on January 07, 2016, 01:57:14 PM

China is struggling to find a new growth model and its currency devaluation is transferring problems to the rest of the world. Almost $2.5 trillion was wiped from the value of global equities this year through Wednesday.

Measures of volatility are surging this year. The Chicago Board Options Exchange Volatility Index, known as the fear gauge or the VIX, is up 13 percent. The Nikkei Stock Average Volatility Index, which measures the cost of protection on Japanese shares, has climbed 43 percent in 2016 and a Merrill Lynch index of anticipated price swings in Treasury bonds rose 5.7 percent.

Title: Re: Money Sense
Post by: Anonymous on January 13, 2016, 05:56:37 PM

There are so many things that could go very wrong for Canada this year. Here is a list of some of them.

1) China crash

2) Emerging-market bankruptcy

Potential disaster for the developing world if the U.S. began raising rates.

3) Oil to $20

4) Markets melt down

If oil and commodities continue their plunge in 2016, low prices could eventually cause serious damage to oil producers and mining companies that can't be solved by layoffs.

There are distinct worries that the troubles of resource companies could be passed on to banks. Junk bonds and ETF markets are also a source of concern.

5) Canadian property crash

6) Sputtering American growth

Title: Re: Money Sense
Post by: Anonymous on January 19, 2016, 12:13:50 AM

I was watching an investment advisor who said he feels the Canadian dollar is now undervalued in comparison to the American dollar..

I know it feels like we have taken a pay cut when we buy groceries..

An increase in the value of our dollar would help to stretch our food budget.

Title: Re: Money Sense
Post by: Anonymous on January 19, 2016, 11:54:09 AM

Chinese growth for the last quarter came in at a better than expected 6.8%. The more realistic number is closer to 6.5%, but we'll gladly take it. The other good news it that by the end of the year Chinese demand for crude is expected to reach an all time high.

Now the bad news. A private survey showed manufacturing sentiment as the worst in six years. Beijing clearly doesn't have the same control over its economy as it has demonstrated in past years, such as during the financial crisis. Some of the tools China has traditionally relied on to support growth are losing effectiveness as their repeated use runs up against structural inefficiencies and a larger economy. As some factories close and construction projects stand idle, the flow of migrant workers to cities is starting to reverse.

China's central bank has pumped $15.18 billion of funds into the market via a medium-term lending facility Friday in a bid to keep ample liquidity in the nation's banking system. The People's Bank of China said it offered the funds to nine financial institutions at an interest rate of 3.25%. The lending will have a six-month maturity and it aims to guide banks to step up lending to the nation's small businesses and agricultural sector.

Title: Re: Money Sense
Post by: Anonymous on January 22, 2016, 03:47:22 PM

Is it possible we could finish a week up? The dollar is up, energy stocks are up, crude oil is up. Stay tuned .

Title: Re: Money Sense
Post by: Anonymous on January 26, 2016, 10:12:35 PM

Scared Canadian investors sitting on estimated $75-billion in extra cash

http://www.theglobeandmail.com/report-on-business/top-business-stories/too-scared-to-invest-canadians-sitting-on-estimated-75-billion-in-cash/article28391921/

'Cashing in on fear'

Canadians are holding a record $75-billion in cash amid an "ocean of fear" about investing in the markets, a new study finds.

That means they could miss out on billions in payback, warns the study released today by Canadian Imperial Bank of Commerce economists Benjamin Tal and Royce Mendes.

Extra cash, they said, is being built up at a pace unrivalled in more than four years.

(//%3C/s%3E%3CURL%20url=%22http://www.theglobeandmail.com/incoming/article28391937.ece/binary/cash.jpg%22%3E%3CLINK_TEXT%20text=%22http://www.theglobeandmail.com/incoming%20...%20y/cash.jpg%22%3Ehttp://www.theglobeandmail.com/incoming/article28391937.ece/binary/cash.jpg%3C/LINK_TEXT%3E%3C/URL%3E%3Ce%3E)

"The 'short Canada' mentality hasn't been confined to the bond market," the economists said in their study, titled "Cashing in on fear."

"The environment surrounding Canadian stocks is also grim, with domestic equities trading more like those of emerging markets," they added.

"Granted, Canada and emerging market economies have both been adversely affected by the fall in commodity prices. But the correlation between the TSX and MSCI emerging markets index shows that the negative sentiment surrounding Canada is overshooting fundamentals."

(//%3C/s%3E%3CURL%20url=%22http://www.theglobeandmail.com/incoming/article28391936.ece/binary/deposits.jpg%22%3E%3CLINK_TEXT%20text=%22http://www.theglobeandmail.com/incoming%20...%20posits.jpg%22%3Ehttp://www.theglobeandmail.com/incoming/article28391936.ece/binary/deposits.jpg%3C/LINK_TEXT%3E%3C/URL%3E%3Ce%3E)

Cash positions, Mr. Tal and Mr. Mendes said, have been climbing since the last recession, so what's happening now is a snowball effect and "we're currently witnessing the creation of personal cash buffers that are larger than at any other time on record."

The two economists came to their conclusions by adjusting for inflation and changes in population. So that $75-billion is "extra," in bank cash deposits and money market mutual funds, compared to where it should be.

And here's a stunning figure from the report: The extra money accounts for about 10 per cent of all personal liquid assets in the country.

This angst isn't new. It obviously came about during the 1987 crash, and again in 2001 and then again during the financial crisis.

(//%3C/s%3E%3CURL%20url=%22http://www.theglobeandmail.com/incoming/article28391938.ece/binary/wealth.jpg%22%3E%3CLINK_TEXT%20text=%22http://www.theglobeandmail.com/incoming%20...%20wealth.jpg%22%3Ehttp://www.theglobeandmail.com/incoming/article28391938.ece/binary/wealth.jpg%3C/LINK_TEXT%3E%3C/URL%3E%3Ce%3E)

ut Mr. Tal and Mr. Mendes warned that investors frequently miss out by acting in inopportune moments.

"We know from the data on personal deposits that Canadians respond to such spikes in volatility by moving into cash," they said.

"But that rebalancing means that investors are buying high and selling low."

Title: Re: Money Sense
Post by: Anonymous on January 29, 2016, 09:41:09 PM

The markets ended the week in positive territory. The dollar finished at 71.40, and West Texas Intermediate closed the week at $33.60 on rumours that Saudi Arabia and Russia are considering cuts.

Title: Re: Money Sense
Post by: Anonymous on February 03, 2016, 03:23:17 PM

Oil prices jumped 6 percent on Wednesday, snapping a two-day rout, after investors took advantage of a weaker U.S. dollar and shrugged off data showing a unexpected large surge in U.S. crude inventories to record highs.

Comments by Russia's Foreign Minister reiterating the major producer's willingness to meet if there was consensus among the OPEC and non-OPEC members, also reignited hopes of a deal to trim output and helped to boost prices as much as 7 percent.

The dollar index .DXY tumbled to an over seven-week low amid growing scepticism that the Federal Reserve would be able to hike U.S. interest rates again this year and after data showed the U.S. services industry grew more slowly than expected last month. [USD/]

Brent futures LCOc1 rose $1.95, or 5.9 percent, to $34.67 a barrel by 1:12 p.m. EST (1812 GMT), after rising as high as $34.93. U.S. crude futures CLc1 rose $1.96, or 6.5 percent, to $31.84, after touching a high of $31.95.

"We're getting the rally in crude oil from the pounding that the dollar is taking," said Robert Yawger, senior vice president of energy futures at Mizuho Securities USA.

"There is a little bit of spec activity involved in that too. The market has a tendency as of late here to draw in spec position when we trade below $30," he added.

In the last year, speculators had racked up the largest short, or bearish, position in crude oil in history and part of the current volatility in the price has come as a result of some of those positions being closed.

The markets shrugged off government data showing U.S. crude and gasoline inventories rose to record levels last week. Crude soared 7.8 million barrels higher, topping analysts' expectations for a rise of 4.8 million barrels, as imports jumped and refiners trimmed throughput. [EIA/S]

"People say 'I think the market has bottomed, there's no place else to go but up from here' - I don't agree with that premise. I think we will make new lows before we start moving up higher - there's just so much oil out there you don't know what to do with it," Sal Umek of the Energy Management Institute in New York said.

"The bears are controlling the market, the bulls are only going to go in and try to get a little bit here and there."

Title: Re: Money Sense
Post by: Anonymous on February 10, 2016, 04:25:22 PM

Canadian markets bracing for 'dramatic' Bank of Canada action — and a recession

http://www.msn.com/en-ca/money/topstories/%E2%80%98flashing-warning-signs%E2%80%99-canadian-markets-bracing-for-%E2%80%98dramatic%E2%80%99-bank-of-canada-action-%E2%80%94-and-a-recession/ar-BBpjnW3?li=AAggFp5&ocid=mailsignoutmd

An ominous signal has been cropping up in the past month as corporate bonds and government of Canada bonds have seen their spreads widen, a move that usually precedes a recession. Meanwhile, yields on the five-year Government of Canada bond have begun creeping below the central bank's overnight lending rate of 0.5 per cent. On Tuesday, they traded at roughly five basis points below that mark.

Canadian stocks are another area of weakness, with the S&P/TSX Composite Index once again slumping into a bear market on Tuesday. The TSX closed down 2.02 per cent, or 252.75 points, to 12,282.65, now down more than 20 per cent since the highs of September 2014.

"Looking at all the signals from the financial world there are a number of recession indicators that are flashing warning signs," said Mark Chandler, head of Canadian fixed-income strategy at RBC Dominion Securities.

The last time short-term bond rates inverted this far out along the curve was in the first half of 2015, which ended up turning into a technical recession — defined as two back-to-back quarters of economic contraction.

In a normal bond market, longer-dated bonds have higher yields as investors demand more compensation to lend money for an extended period of time. When multi-year bonds move below the overnight rate — the interest rate the Bank of Canada charges banks to lend to each other for a day — it means investors are expecting the overnight rate to go lower in response to a weakening economy.

Corporate spreads have also been widening in Canada for much of the last 12 months, but for the most part that was due to an increasing number of distressed energy companies. Chandler says that the widening has now spread to non-energy companies as well.

"This is real. There is something going on here," he said. "Usually one of the most powerful indicators is widening of credit spreads, and that's happening not just in the energy sector, but also more broadly."

Canadian banks, among the most exposed companies to the domestic economy, have become one of the big drags on the TSX Composite Index. On Tuesday, the biggest banks, including the Royal Bank of Canada, Toronto-Dominion Bank and Bank of Nova Scotia, saw their shares dip more than two per cent.

Craig Basinger, chief investment officer at Richardson GMP Limited, notes that some Canadian stocks are now trading at "recession-type" valuations. The banks, for instance, trade in the single digits or close to it, with dividend yields creeping into the four and five per cent range.

Basinger said the pricing suggests investors are seeing more pain on the horizon.

"Yes, we could certainly see a bit of a recession here and yes, oil prices are below $30 a barrel again, but valuations have become compelling," he added. "If we enter a recession, well, the prices are already there."

The warning signs in financial markets come as the Bank of Canada left its overnight lending rate unchanged during its policy announcement last month. Governor Stephen Poloz said that he was waiting to see the scale of stimulus from the federal government before making a move. The budget, which will outline stimulus details, is expected to land sometime in March or April.

The Bank of Canada also noted there are early indications that the non-energy segment of the economy is rebounding as low oil prices and a weak loonie make exports more competitive. Non-energy exports helped close the trade deficit down to $585 million in December, a surprise to economists who had expected the trade deficit to grow from $1.6 billion in November to $2.2 billion.

As well, January's employment report showed that, while oil-dependent provinces such as Alberta, Saskatchewan and Newfoundland and Labrador continue to bleed jobs, non-energy provinces are booming. Ontario has added 100,000 new jobs in the past 12 months, while British Columbia and Quebec have also posted healthy job gains.

"Growth remains positive outside the oil-rich provinces, supported by an upturn in exports and steadier consumer spending and home sales," said Sal Guatieri, senior economist at BMO Capital Markets in the bank's latest economic outlook released Feb. 5.

Still, Guatieri expects that the Bank of Canada will at least move to cut its benchmark rate by 25 basis points to its post-recession low of 0.25 per cent sometime in the spring.

Chandler of RBC said that investors should pay close attention to the bond market in the coming weeks. If short rates move off current lows, then it is likely the Bank of Canada will be less dovish. But an extended period of inverted yields could signal more drastic action.

"I think with such short-term rates — where we have five-year yields now below 50 basis points — in order to justify those for a prolonged period of time, the market is definitely pricing in high possibility of some pretty dramatic action by the central bank," he said. "Whether it's negative interest rates or potential for QE, it's hard to justify the current yields without those expectations."

Title: Re: Money Sense
Post by: Anonymous on February 12, 2016, 09:02:12 PM

After a dismal week, the markets closed on a positive note. The benchmark S&P/TSX composite index jumped 294 points, or 2.4 per cent, to close at 12,381.

That ends, at least for now, five consecutive losing sessions that had seen the index shed almost 760 points.

http://finance.yahoo.com/news/oil-rockets-12-low-renewed-talk-opec-cut-180921846--finance.html

NEW YORK (Reuters) - Global oil prices surged as much as 12 percent on Friday after a report once again suggested OPEC might finally agree to cut production to reduce the world glut, while a bounce in stock markets fed appetite for risk.

Despite the strong daily gain, oil prices were poised to end the week down as much as 5 percent.

The United Arab Emirates' energy minister said the Organization of the Petroleum Exporting Countries was willing to cooperate on an output cut, the Wall Street Journal reported on Thursday after crude futures settled in U.S. trade.

Many traders were sceptical at first about the report, noting that Venezuela and Russia had tried in vain earlier in the week to stir Saudi Arabia and other major producers into agreeing to output cuts.

But after a 75 percent price slump since mid-2014 that has taken crude prices to more than 12-year lows, many were inclined to believe that a rebound was due sooner or later if production tightens or demand picks up.

"We expect declining U.S. oil production, in particular, to drive the oil price back up to $50 per barrel by the end of the year," Frankfurt-based Commerzbank said in a note.

U.S. crude contracts over the next five years were trading under $50 a barrel on Friday, rising above that level only from November 2021 onwards.

U.S. crude's front-month settled up $3.23, or 12.3 percent, at $29.44 per barrel, reaching a session high of $29.66. It hit a 12-year low of $26.05 the previous day. For the week, it lost 4.7 percent.

Brent's front-month closed up $3.30 at $33.36 a barrel, having slid below $30 on Thursday. Weekly losses were pared to 2 percent.

Prices extended gains after data showed an eighth straight weekly drop in the number of U.S. rigs drilling for oil. Oil also got a boost from the rally in global equity markets.

Some cited Monday's Presidents Day holiday in the United States, saying fewer players wanted a short position in oil ahead of the longer weekend break for the New York crude market.

But others, like Tyche Capital Advisors' Tariq Zahir, were hoping to profit again from bearish bets once the rally peaks. "It gives me great opportunity to put out new shorts in crude spreads," he said.

Many expected wilder price swings in coming weeks.

"It's not a one-way price movement anymore," said ABN AMRO's senior energy economist Hans van Cleef. "We will see a period of high volatility."

Title: Re: Money Sense
Post by: Anonymous on February 18, 2016, 04:30:08 PM

I recommend buy.

Canadian Tire Corp boosts earnings despite sliding revenue

Revenue slid 7.5 per cent at Canadian Tire in the fourth quarter, but the retailer of auto parts and outdoor goods managed to boost earnings and same-store sales at its core retail business despite an uncharacteristically warm winter.

The Toronto-based retailer and owner of the Sport Chek and Mark's chains said revenue in the period ended Jan. 2 slid $273.6 million to $3.38 billion, down from $3.65 billion a year ago, as sales slid in apparel and sporting goods and gas prices fell.

Net earnings in the period climbed to $241.5 million, or $3.01 per share, up from 206.6-million ($2.44) in last year's fourth quarter. Shares surged 6 per cent in morning trading on the news.

In the fourth quarter, sales at Canadian Tire's retail stores fell 2.6 per cent due to warm weather but same-store-sales, an important measure which strips out the impact of square footage changes, rose two per cent compared with the same period of 2014.

Retail segment income before income taxes was up 6.6%, or $15.7 million, to $250.2 million, in the fourth quarter of 2015 compared to 2014.

At sporting division FGL Sports, retail sales slid 5.7 per cent and same-store sales were down 0.4 per cent, but same-store sales at Sport Chek stores climbed 1.6 per cent. At Mark's, retail sales fell 10.2 per cent and same-store sales fell 5.2 per cent, due to mild weather conditions and a spending downturn in Alberta.

Annual 2015 revenue was $12.3-billion, down from $12.46-billion in 2014.

Title: Re: Money Sense
Post by: Anonymous on February 26, 2016, 06:44:40 PM

The Canadian market edged higher Friday, ending a topsy turvy week with a decent performance from energy and financial stocks.

The S&P/TSX Composite Index rose 44.19 points, or 0.35 percent, to 12,797.79.

Banks trimmed weekly losses as traders reacted positively to yesterday's upbeat earnings from CIBC and TD Bank.

Energy stocks were up 1 percent as crude oil briefly touched a multi-week high above $34 before pulling back.

Analysts say bargain hunters are finding good value among beaten down big names in the energy sector.

April West Texas Intermediate crude fell 29 cents, or 0.9%, to settle at $32.78 a barrel on the New York Mercantile Exchange.

Still, prices were up 3 percent for the week, bolstered by talk of a deal between Saudi Arabia and other major producers to freeze oil output at January levels.

Gold stocks tumbled 3.4 percent as bullion prices eased on decreased safe haven appetite.

The day's big winner was car parts maker Magna International. Shares rose 7.5 percent after upbeat earnings. Magna increased the dividend by 14 percent to $0.25 per share.

Goldcorp Inc. (G.TO) suffered a big loss in the fourth quarter and slashed its dividend. Shares plunged 13 percent.

Husky Energy Inc. (HSE.TO) released earnings for fourth quarter that decreased 44 percent from last year. Shares rose 4.2 percent.

Title: Re: Money Sense
Post by: Anonymous on February 26, 2016, 06:51:09 PM

I should add that "paper oil" could reach about $38 a barrel. But it will be short lived and drop again as it reflects the fact that the market is over supplied. I expect oil could reach the $42-44 rage by the end of this year. Expensive American shale oil production should drop about 400,000 barrels a day by the end of this year. Further reduction in supply would come in 2017.

Title: Re: Money Sense
Post by: Anonymous on March 03, 2016, 12:28:47 PM

The Toronto Stock Exchange closed above 13,000 points on Wednesday, coming within a hair of reversing the losses it has sustained since the beginning of the year.

The Toronto index closed at 13,017, a rise of 35 points and just below the 13,098 close of Dec. 31, 2015.

Trading was propelled by the rising price of metals, especially gold, which is now at $1,241.60 an ounce, and by the continued rise in oil prices.

Gold has been appreciating for the last month as investors seek out a safe haven.

The Canadian dollar dipped one tenth of a cent to 74.41 cents US.

West Texas Intermediate oil, the benchmark North American oil contract, rose 49 cents to $34.90 US a barrel.

The TSX has added 1,300 points since mid-January, when falling oil prices and a waning loonie seemed to augur a poor year for investors.

It's still well off the high of 15,524 set in April of last year before China's slowdown and the deteriorating price of commodities sent markets into turmoil. The TSX finished 2015 down 11 per cent.

Title: Re: Money Sense
Post by: Anonymous on March 08, 2016, 12:18:31 PM

February crude oil imports jumped 20 percent on year to their highest ever on a daily basis, as prices at their lowest in more than a decade drove buying from a group of new importers and state and commercial stockpiling.

The world's second-largest oil consumer imported 31.80 million tonnes of crude last month, or a record 8.0 million barrels per day (bpd), data from China's General Administration of Customs showed on Tuesday. C-CNIMP-PRM

China's robust crude demand has been supported by independent refiners, also known as teapots, that have been receiving import quotas from Beijing over the past nine months.

"This is the teapot effect," said Virendra Chauhan, an analyst at Energy Aspects in Singapore.

"Higher teapot demand and stronger refining margins which encouraged higher refinery throughputs have contributed to increased imports," he said.

On a daily basis, February's imports also jumped roughly 27 percent from 6.29 million bpd in January.

Last week, Beijing-based consultancy SIA Energy said it expects China's 2016 crude imports to rise by 860,000 bpd, or nearly 13 percent, boosted by storage needs, robust gasoline demand and fuel exports.

Title: Re: Money Sense
Post by: Anonymous on March 15, 2016, 10:46:22 AM

As was predicted, we are seeing a retreat on April contract "paper oil". West Texas Intermediate is off nearly two dollars from last week. It is reflected in our dollar losing ground.

Title: Re: Money Sense
Post by: Anonymous on March 17, 2016, 11:18:52 AM

The Canadian dollar cracked the 77-cent mark today, carrying on the dramatic run from the Fed-induced weakness of the U.S. currency yesterday.

The loonie is now up by about 9 cents from its January depths, at a five-month high, having been driven up over the past several weeks by more stable oil prices and the outlook for monetary policy in Canada and the United States.

Where the U.S. is concerned, that outlook hit home yesterday, slamming the greenback as Federal Reserve officials still pointed to further interest rate hikes but at a slower pace.

So the move in the loonie yesterday and today is pretty much driven by the fortunes of the U.S. dollar, said Charles St-Arnaud of the Nomura economics department, though commodity prices are also higher for the same reason.

"Janet Yellen sneaked into the dovish camp and let the U.S. dollar cheapen across the board," said London Capital Group market analyst Ipek Ozkardeskaya.

"The cheapening [U.S. dollar] clearly helped to push the loonie higher this morning," she added.

"Combined with the stronger conviction that the current recovery in oil prices could be sustainable, the Canadian dollar has all the good reasons to rise and shine today."

The loonie has touched a low of 76.2 cents today and a high of 77.2 cents, having closed out yesterday at just shy of 76.5 cents.

As for what happens next, Royal Bank of Canada strategist Adam Cole believes this is all "a bit of an overreaction" to the Fed, and fortunes will change.

Ms. Ozkardeskaya said a further move in the loonie toward the 80-cent mark "could well be justified" given the outlook for oil prices, though it's now moving toward the "overbought territory" against the U.S. dollar.

Title: Re: Money Sense
Post by: cc on March 26, 2016, 11:37:52 PM

.

Title: Re: Money Sense
Post by: cc on March 27, 2016, 02:04:47 PM

WHOA True Dough

Did you see what Trudeau slipped into the federal budget?

OK - This sounds serious - http://www.budget.gc.ca/2016/docs/plan/budget2016-en.pdf

Not-Always-True Dough Budget Page 223

It's all right there in black and white in Trudeau's budget.

This outrageous autocratic 3rd world proposal is not yet law. But if Canadians accept it in silence, it will be.

Hmmm.....If you want to know a 'man's' Character give him power!

INTRODUCING A BANK RECAPITALIZATION

"BAIL-IN" REGIME

To protect Canadian taxpayers in the unlikely event of a large bank failure, the

Government is proposing to implement a~~[size=150]~~ bail-in regime[/size] that would reinforce

that bank shareholders and creditors are responsible for the bank's risks—not

taxpayers. This would allow authorities to convert eligible long-term debt of a

failing systemically important bank into common shares to recapitalize the

bank and allow it to remain open and operating. Such a measure is in line with

international efforts to address the potential risks to the financial system and

broader economy of institutions perceived as "too-big-to-fail".

The Government is proposing to introduce framework legislation for the

regime along with accompanying enhancements to Canada's bank resolution

toolkit. Regulations and guidelines setting out further features of the regime

will follow. This will provide stakeholders with an additional opportunity to

comment on elements of the proposed regime.

Does this not mean that if a bank starts to go wobbly in Canada, and you have money in that bank, the bank can take your money to bail itself out.

Isn't this the 3rd world tactic Cyprus used because they had made high interest bad Greek loans? .... leaving people screwed out of the money they had in the banks?

Is not this inducement for our always solid investing banks to get brave and risky? .... like. oh well, if loans don't work out, we merely freeze our client's funds and stay solvent ... exactly as Cyprus did

or when True Dough fucks the economy and things go south and loans don't get paid and banks start to become borderline ...

Title: Re: Money Sense
Post by: Anonymous on March 27, 2016, 02:10:18 PM

~~Quote from: "cc la femme"~~WHOA True Dough

Did you see what Trudeau slipped into the federal budget?

OK - This sounds serious - http://www.budget.gc.ca/2016/docs/plan/budget2016-en.pdf

Not-Always-True Dough Budget Page 223

It's all right there in black and white in Trudeau's budget.

This outrageous proposal is not yet law. But if Canadians accept it in silence, it will be.

Hmmm.....If you want to know a 'man's' Character give him power!

(//%3C/s%3E%3CURL%20url=%22https://4.bp.blogspot.com/-kPxOyj01rkI/VvazPF_HIII/AAAAAAAB4xc/OEFIJ8-TAJoUBviqVqwcVZAz6QfwbGrpg/s640/piggy%2Bbank.png%22%3E%3CLINK_TEXT%20text=%22https://4.bp.blogspot.com/-kPxOyj01rkI/%20...%202Bbank.png%22%3Ehttps://4.bp.blogspot.com/-kPxOyj01rkI/VvazPF_HIII/AAAAAAAB4xc/OEFIJ8-TAJoUBviqVqwcVZAz6QfwbGrpg/s640/piggy%2Bbank.png%3C/LINK_TEXT%3E%3C/URL%3E%3Ce%3E)

INTRODUCING A BANK RECAPITALIZATION

"BAIL-IN" REGIME

To protect Canadian taxpayers in the unlikely event of a large bank failure, the

Government is proposing to implement a~~[size=150]~~ bail-in regime[/size] that would reinforce

that bank shareholders and creditors are responsible for the bank's risks—not

taxpayers. This would allow authorities to convert eligible long-term debt of a

failing systemically important bank into common shares to recapitalize the

bank and allow it to remain open and operating. Such a measure is in line with

international efforts to address the potential risks to the financial system and

broader economy of institutions perceived as "too-big-to-fail".

The Government is proposing to introduce framework legislation for the

regime along with accompanying enhancements to Canada's bank resolution

toolkit. Regulations and guidelines setting out further features of the regime

will follow. This will provide stakeholders with an additional opportunity to

comment on elements of the proposed regime.

Does this not mean that if a bank starts to go wobbly in Canada, and you have money in that bank, the bank can take your money to bail itself out.

Isn't this the 3rd world tactic Cyprus used because they had made high interest bad Greek loans? .... leaving people screwed out of the money they had in the banks?

Is not this inducement for our always solid investing banks to get brave and risky? .... like. oh well, if loans don't work out, we merely freeze our client's funds and stay solvent ... exactly as Cyprus did

or when True Dough fucks the economy and things go south and loans don't get paid and banks start to become borderline ....

~~I have voted Liberal in the past, but JT's Liberals are not the party of Chretien and Martin. That's all I will say about politics in the Money Sense thread.~~

Title: Re: Money Sense
Post by: cc on March 27, 2016, 02:45:15 PM

I would think a bail-in proposal, potentially cataclysmic for people's money was appropriate discussion as it has everything to do with our money ... in every sense of the word

I removed the political cartoon and cleaned up the language a bit .... maybe you would remove cartoon from your quote that I cannot access?

Title: Re: Money Sense
Post by: Anonymous on March 27, 2016, 02:53:37 PM

~~Quote from: "cc la femme"~~I would think a bail-in proposal, potentially cataclysmic for people's money was appropriate discussion as it has everything to do with our money ... in every sense of the word

I will remove the political cartoon .... maybe you would remove it from your quote that I cannot access?

No, I get your point. It's totally relevant.

Title: Re: Money Sense
Post by: Anonymous on March 28, 2016, 09:40:44 AM

~~Quote from: "cc la femme"~~WHOA True Dough

Did you see what Trudeau slipped into the federal budget?

OK - This sounds serious - http://www.budget.gc.ca/2016/docs/plan/budget2016-en.pdf

Not-Always-True Dough Budget Page 223

It's all right there in black and white in Trudeau's budget.

This outrageous autocratic 3rd world proposal is not yet law. But if Canadians accept it in silence, it will be.

Hmmm.....If you want to know a 'man's' Character give him power!

INTRODUCING A BANK RECAPITALIZATION

"BAIL-IN" REGIME

To protect Canadian taxpayers in the unlikely event of a large bank failure, the

Government is proposing to implement a~~[size=150]~~ bail-in regime[/size] that would reinforce

that bank shareholders and creditors are responsible for the bank's risks—not

taxpayers. This would allow authorities to convert eligible long-term debt of a

failing systemically important bank into common shares to recapitalize the

bank and allow it to remain open and operating. Such a measure is in line with

international efforts to address the potential risks to the financial system and

broader economy of institutions perceived as "too-big-to-fail".

The Government is proposing to introduce framework legislation for the

regime along with accompanying enhancements to Canada's bank resolution

toolkit. Regulations and guidelines setting out further features of the regime

will follow. This will provide stakeholders with an additional opportunity to

comment on elements of the proposed regime.

Does this not mean that if a bank starts to go wobbly in Canada, and you have money in that bank, the bank can take your money to bail itself out.

Isn't this the 3rd world tactic Cyprus used because they had made high interest bad Greek loans? .... leaving people screwed out of the money they had in the banks?

Is not this inducement for our always solid investing banks to get brave and risky? .... like. oh well, if loans don't work out, we merely freeze our client's funds and stay solvent ... exactly as Cyprus did

or when True Dough fucks the economy and things go south and loans don't get paid and banks start to become borderline ...

This is scary cc la femme..

ac_wot

What do we now?

We could lose our life savings.

Title: Re: Money Sense
Post by: Anonymous on March 28, 2016, 10:23:52 AM

The conservative government had a bail in in their 2013 budget. Depositors' money would not be used to help stabilize a shaky bank. Instead, Canadian banks must rely on their own capital, which they must set aside for a rainy day.

I want to get more information about the Liberal proposal.

Title: Re: Money Sense
Post by: Anonymous on March 28, 2016, 11:31:58 AM

~~Quote from: "seoulbro"~~The conservative government had a bail in in their 2013 budget. Depositors' money would not be used to help stabilize a shaky bank. Instead, Canadian banks must rely on their own capital, which they must set aside for a rainy day.

I want to get more information about the Liberal proposal.

So do I Seoul.

Title: Re: Money Sense
Post by: cc on March 29, 2016, 02:01:30 AM

I'm not trying to raise a scare, but bail-in is never assuring

Title: Re: Money Sense
Post by: Anonymous on March 29, 2016, 10:10:59 AM

~~Quote from: "cc la femme"~~I'm not trying to raise a scare, but bail-in is never assuring

It is scary. I want to find out more details about this. As I said, this government is not the first to slip bail in into a budget.

Title: Re: Money Sense
Post by: Anonymous on March 31, 2016, 11:11:40 PM

Here is how the Liberal budget affects you.

Income Tax:

1. Reduction of middle-income tax bracket

As previously announced, the Liberals confirmed in this budget that the middle-class income tax bracket would be cut from 22% to 20.5%, starting this year.

If your taxable income is between $45,282 and $90,563, you'll pay less tax. That means a single Canadian in this tax bracket will see an average tax reduction of $330 every year, while couples will see an average tax reduction of $540 per year.

Yet, even if you earn more than this, you'll realize tax savings. That's because when your income rises, each dollar earned above the last tax threshold is taxed at a higher rate. Marginal tax rates are tax rates that are applied on each portion of income that falls within that tax bracket (or margin). So, this reduction in the middle-income tax bracket could actually mean more to a person earning $100,000 than to somebody earning $50,000, since the tax reduction applies to roughly $45,000 of the $100,000 per year earner (the portion between $45,000 and $90,000), while this new tax cut applies to only $5,000 of income for the person who earns $50,000 per year.

According to Budget 2016, nearly 9 million Canadians will benefit from this tax cut, which took effect Jan. 1, 2016.

2. New HNW tax bracket

The Liberals also made good on their promise to introduce a new 33% tax bracket for high net worth people who earn more than $200,000 each year.

3. Crackdown on tax evasion

The Liberals will invest $444.4 million over five years to help the Canada Revenue Agency to crack down on tax evasion. This money will go to hiring more tax auditors and specialists, developing robust business intelligence infrastructure, increasing verification activities and investigating criminal tax evaders.

The Liberals will also spend $351.6 million over the next five years to help the Canada Revenue Agency improve its ability to collect outstanding tax debts. The new federal government assumes this will help bring in $7.4 billion in tax debt over this time frame.

4. Closing tax loopholes for HNW

For those private corporation business owners, this Budget will close loopholes that allow them to use a life insurance policy to make distributions tax free.

Seniors:

5. Retirement age officially rolled-back to 65

The Liberals are keeping the retirement age at 65 by officially reversing the Conservatives' decision to raise it to 67 beginning in 2023.

As stated: "Restoring the eligibility age for Old Age Security and Guaranteed Income Supplement benefits to 65 will put thousands of dollars back in the pockets of Canadians as they become seniors. These benefits are an important part of the retirement income of Canadians, particularly for lower-income seniors. Vulnerable seniors depend on this support, and without it, face a much higher risk of living in poverty."

6. Low-income seniors get 10% more in GIS benefits

Starting in July 2016, low-income seniors who rely almost exclusively on Old Age Security and Guaranteed Income Supplement (GIS) benefits can expect a 10% increase to their total maximum GIS benefits.

This top-up will increase annual GIS payouts to $947 annually for those single seniors living on $4,600 or less per year (not including OAS and GIS benefits), and more than doubles the current GIS maximum limit.

According to the Budget, this should help improve the financial security of roughly 900,000 single seniors in Canada—those seniors most susceptible to living in poverty in Canada.

7. Couples can now split their GIS benefits

In an effort to reduce the number of seniors living in poverty, the Liberals propose to amend the Old Age Security Act to allow senior couples who qualify for GIS and Allowance benefit to receive higher benefits should they be forced to live apart due, for example, to health reasons.

Legislation is already in place to allow senior couples, who are both GIS recipients, to receive these benefits when forced to live apart. The proposed amendments would extend this to seniors eligible for Allowance payments.

Title: Re: Money Sense
Post by: Anonymous on March 31, 2016, 11:14:57 PM

Families

8. Introduction of the Canada Child Benefit

Starting in July, the UCCB and CCTB will be replaced with one non-taxable Canada Child Benefit. The Budget declares that the Canada Child Benefit will be simpler, tax-free, better-targeted and "much more generous."

Under the current system, families with one child and with annual earnings of $30,000 would receive $4,852, after tax, if their child was under age 6, or $3,916 if their child is aged 6 to 17.

Under the Canada Child Benefit, these low-income families could see $6,400 per child under age 6 and up to $5,400 per child per year for children aged 6 to 17. As such, most Canadian families will see an average increase in child benefits of almost $2,300 starting this year.

The Liberal rationale, as outlined in Budget 2016 is that: "Canada's existing child benefit system is complicated, consisting of a tax-free, income-tested Canada Child Tax Benefit with two components (the base benefit and the National Child Benefit supplement) and a taxable Universal Child Care Benefit received by all families, regardless of income. It is a system that is both inadequate (it does not provide families with the support they need) and not sufficiently targeted to those who need it most (families with very high incomes receive benefits)."

According to the Liberals, nine out of 10 families will receive more in child benefits than under the current system.

Read: More on how federal budget will affect families

9. Increased Child Disability Benefits

"To recognize the additional costs of caring for a child with a severe disability," Budget 2016 will continue the Child Disability Benefit but add an additional amount of up to $2,730 for each child who is eligible for the Disability Tax Credit.

10. Eliminate income splitting for couples with kids

Income splitting for couples with children under age 18 will be eliminated.

While not referenced in the Budget document by name, this decision eliminates the prior Conservative government's introduction of the Family Tax Cut, which allowed couples to income split and save up to $2,000 in taxes each year.

11. No more fitness or arts tax credit for kids

Currently, families can get a tax credit of $150 and $75 per child through Children's Fitness and Arts Tax Credits (up to $1,000 and $500 in eligible expenses, respectively).

These will be eliminated. The justification is that the Liberals are trying to simplify the tax code and better target support for families with children.

But the elimination isn't immediate or retroactive. Instead, expect a 50% reduction of the maximum eligible expenses for the Children's Fitness and Arts Tax Credits in 2016, and a complete elimination of both credits by 2017.

12. Childcare investment

The Liberals want to invest $500 million, starting in 2017, to establish a National Framework on Early Learning and Child Care ($100 million of this is earmarked for Indigenous child care and early learning on reserve) that will facilitate how provinces address childcare needs.

Title: Re: Money Sense
Post by: Anonymous on March 31, 2016, 11:21:06 PM

Students:

13. Reforms to Canada Students Loans eligibility

The Liberals propose to introduce a flat-rate contribution to determine a student's eligibility for Canada Student Loans. This would replace the current system that assesses eligibility based on a student's income and assets.

This change would also enable students to work and earn, without seeing a reduction in their level of financial loan assistance.

14. Increase in amounts for Canada Student Loans

Budget 2016 proposes to increase Canada Student Grant amounts by 50%:

from $2,000 to $3,000 per year for students from low-income families;

from $800 to $1,200 per year for students from middle-income families; and

from $1,200 to $1,800 per year for part-time students.

These increased grant amounts will be available to students starting or continuing post-secondary schooling this coming September.

15. Help with student debt

As promised, the Justin Trudeau Liberals will increase the loan threshold payment, so that no student will be required to repay their Canada Student Loan until they earn at least $25,000 per year.

16. Elimination of education and textbook tax credit

As expected, this Budget eliminates the Education and Textbook tax credits, effective Jan. 1, 2017. The reasoning is that these tax credits are not targeted based on income and "often provide little direct support to students at the time they need it most."

Employment

17. Investment in youth employment

The Liberals will invest $165.4 million in the Youth Employment Strategy this year that will include: creation of green jobs, increased access to Skills Link program and increased job opportunities in the heritage sector.

This funding is in addition to the $339 million already announced for the Canada Summer Jobs Program—funding that will be rolled out over the next three years, starting in 2016.

18. More co-op placement opportunities

Under this Budget, the Liberals pledge to spend $73 million over the next four years, to help employers and post-secondary institutions to create new co-op placements for students.

19. Shorter waits for Employment Insurance benefits

Those hit by job loss will find some significant changes to Employment Insurance (EI). The waiting period for benefits will be reduced from two weeks to one week.

20. Increased eligibility to EI benefits

Also, how a person qualifies for EI will change. For example, Donald lives in Winnipeg, Manitoba, where he has worked part time over the past six months since graduating from college. He was recently laid off. Under current EI eligibility rules, Donald would be considered a new entrant to the labour force. As a result, he would need to have worked at least 910 hours over the past 52 weeks to qualify for EI benefits. Since Donald only worked 780 hours over this period, he does not qualify for benefits.

Under the proposed changes, Donald would face the same EI eligibility requirements as other claimants in his region. That would mean he could qualify for EI as long as he worked 665 hours. Since, Donald qualifies for EI under the new rules he could receive up to 17 weeks of EI benefits while he looks for new work to start his career. These changes will take effect in July this year.

21. Help for oil workers

Because of dramatic job losses due to declines in global oil prices, this Budget proposes legislative changes to extend the duration of EI regular benefits by five weeks, up to a maximum of 50 weeks of benefits for anyone living in a resource-dependent region.

For long-tenured workers in these regions, these changes could mean an additional 20 weeks of EI regular benefits up to a maximum of 70 weeks of benefits.

These extended benefits will be available for one year starting in July 2016, with the measure being applied retroactively to all eligible claims as of January 4, 2015.

22. Working while on EI is extended until August 2018

The Working While on Claim pilot project lets people earn and keep up to 50 cents of their EI benefits for every $1 they earn, up to a maximum of 90% of their weekly insurable earnings (used to calculate their EI benefit amount). This pilot project will be extended until August 2018.

Investors:

23. Investors can expect to pay more tax

This Budget will close loopholes that some investors use to reduce tax paid to the CRA. For instance, it will examine the use of "debt-parking transactions" by investors or private corporations in an effort to "preserve the integrity of the foreign exchange computational rules."

This Budget will also "prevent the asymmetrical recognition of gains and losses on derivatives for tax purposes," and "prevent the deferral of capital gains tax by investors in mutual fund corporations structured as switch funds." This means investors holding C-class mutual funds will no longer be able to shelter their capital gains from tax.

This Budget will also "introduce a new rule that would effectively treat the portion of any gain realized on the sale of a linked note that is attributable to the variable return on the note as accrued interest on the note."

24. Labour-Sponsored tax credit reinstated

Budget 2016 will restore the Labour-Sponsored Venture Capital Corporations (LSVCC) tax credit to 15% for share purchases of provincially registered LSVCCs for 2016 and subsequent tax years. The aim is to help small and medium-sized businesses gain access to venture capital and provide federal tax relief of about $815 million over the 2015–16 to 2020–21 period.

Charitable Donations:

25. Elimination of capital gains tax exemption on donations

Budget 2015 included a proposal to provide, beginning in 2017, an income tax exemption on capital gains of donated private corporation shares or real estate. (To qualify the cash proceeds from the disposition would need to be donated to a registered charity or other qualified donee within 30 days.) This will be eliminated in Budget.

Title: Re: Money Sense
Post by: Anonymous on March 31, 2016, 11:39:23 PM

Is this a good budget for me and for Canada Seoul?

Title: Re: Money Sense
Post by: Anonymous on April 01, 2016, 12:09:54 AM

~~Quote from: "Fashionista"~~Is this a good budget for me and for Canada Seoul?

There is good and bad in it. It is a budget for the short term. It is filled with a level of red ink that was not promised in the election campaign.

For a family like yours, he new Canada Child Benefit (CCB) replaces the existing Canada Child Tax Benefit and the Universal Child Care Benefit will give more than $3000 per year back to your family. Children's Fitness and Arts Tax Credit will be eliminated. Your income taxes will not be lowered because income splitting has been scrapped. There are increases in student grants and students can defer repaying student loans. Education and textbook credits are gone The tuition tax credit remains intact. This change begins Jan. 1, 2017.

You will have a little more money in the short term, but the government does not have the money to pay for all this. The problem with deficits is once you start running them it is easy for them to become bigger than you anticipated. It is not a jobs/growth budget, it is a consumption budget. They would have gotten much better bang for our deficit buck with broad based tax relief. But just like their predecessors, they chose not to do that.

Title: Re: Money Sense
Post by: Anonymous on April 01, 2016, 04:38:53 PM

~~Quote from: "seoulbro"~~
~~Quote from: "Fashionista"~~Is this a good budget for me and for Canada Seoul?

There is good and bad in it. It is a budget for the short term. It is filled with a level of red ink that was not promised in the election campaign.

For a family like yours, he new Canada Child Benefit (CCB) replaces the existing Canada Child Tax Benefit and the Universal Child Care Benefit will give more than $3000 per year back to your family. Children's Fitness and Arts Tax Credit will be eliminated. Your income taxes will not be lowered because income splitting has been scrapped. There are increases in student grants and students can defer repaying student loans. Education and textbook credits are gone The tuition tax credit remains intact. This change begins Jan. 1, 2017.

You will have a little more money in the short term, but the government does not have the money to pay for all this. The problem with deficits is once you start running them it is easy for them to become bigger than you anticipated. It is not a jobs/growth budget, it is a consumption budget. They would have gotten much better bang for our deficit buck with broad based tax relief. But just like their predecessors, they chose not to do that.

Isn't this where Romero shows up with a an editorial from Huff Po praising our new pm's economic handling even though he has not done anything until a week ago. Even then all he has done is make tax increases inevitable in the future.

Title: Re: Money Sense
Post by: Anonymous on April 01, 2016, 05:19:58 PM

Romero just posts inaccurate information and comparisons for partisan reasons only. For example the previous government ran a $56 billion dollar deficit. While that is true, it was the biggest financial meltdown the world has seen since the great depression. The Liberals have a majority, the economy is growing, albeit slowly, so why the need to add so much unnecessary debt? The other was that oil was $100 per barrel during the stimulus budget which is completely false. For Western Canada Select it was more like $50 per barrel or less.

Title: Re: Money Sense
Post by: Anonymous on April 05, 2016, 10:38:20 AM

West Texas Intermediate has now given back everything it has gained this year. The culprit of course is larger than expected crude inventories in the US. The low rig count should reduce that number by the end of this year. The loonie is down about a cent and a half too from it's highs this year. Both the Dow and the TSX are bleeding red this morning.

Title: Re: Money Sense
Post by: Anonymous on April 12, 2016, 04:19:48 PM

The loonie was trading at 78.39 cents US, up 0.86 of a cent, shortly after 3 p.m. ET.

Tuesday's rise added on to Monday's gain of 0.6 cent, which drove the loonie through 77 cents.

The loonie has been on the rise since it bottomed out at 68 cents US in January.

Contributing to the flight of the loonie has been a rebound in the price of oil. The price for the May contract for West Texas Intermediate crude oil closed up $1.81 US, or more than four per cent, to $42.17 US per barrel, the highest finish this year and the best since November.

Oil's jump on Tuesday came after Russia's Interfax news agency reported that Russia and Saudi Arabia had reached agreement on an output freeze before a meeting of OPEC members and some outside petroleum producing countries in Doha, Qatar, on Sunday.

Oil has regained ground since it touched its recent low on Feb. 11 at $26.21 US a barrel.

Interest rate watch

Despite the recent oil-fuelled run-up by the Canadian dollar, the longer term expectations among those who track the loonie are not as positive.

According to a Bloomberg survey of currency watchers, the median estimate calls for an exchange rate of $1.33 Canadian per U.S. dollar by the middle of the year. On Tuesday, one U.S. dollar was trading just above $1.28 Cdn.

Some recent good domestic economic news means the Bank of Canada is expected to remain on a cautious footing on Wednesday when it makes an interest rate announcement and releases its latest monetary policy report.

"Acknowledging the Canadian economy's resilience ... but not ringing the all clear in such fashion as to light up the currency even further and put upward pressure on market rates would likely be a prudent approach," Scotiabank economists Derek Holt and Dov Zigler said in a commentary.

Meanwhile, the U.S. Federal Reserve is expected to raise interest rates, which could attract investors to the U.S. dollar.

"As we expect the U.S. economy to be healthy enough to warrant two hikes by the Fed this year ... while oil prices should recede slightly in Q2, we expect the [Canadian dollar] to depreciate against [the U.S. dollar] on a three-month horizon," said Thomas Julien and Yuze Yuan, economists with financial services company Natixis, in a commentary.

TSX up sharply

Equity markets were also enjoying a strong session on Tuesday.

In Toronto, the S&P/TSX composite index was up 187 points, at 13,610.

On U.S. markets, the Dow Jones Industrial Average climbed 174 points to reach 17,730, while the Nasdaq composite index added 37 points to hit 4,870.

Title: Re: Money Sense
Post by: Anonymous on April 28, 2016, 12:03:43 PM

WTI's front-month contract settled up $1.29, percent, at $45.33 a barrel, after hitting a 2016 high at $45.62.

Declines in the dollar make oil and other commodities denominated in the greenback more affordable to holders of other currencies.

Futures of heating oil, also known as ultralow sulfur diesel, jumped 3 percent as stockpiles of distillates, which include ULSD, fell much more sharply than expected, the EIA data showed.

With crude inventories building and the Saudis still pumping at record levels, we feel the recent run-up has been mainly fueled by the weakness on the dollar," said Tariq Zahir, trader and portfolio manager at Tyche Capital Advisors in New York.

The prospect of a production freeze among the world's largest oil exporters evaporated almost two weeks ago after a meeting between OPEC and Russia ended in stalemate.

Title: Re: Money Sense
Post by: Anonymous on May 05, 2016, 01:27:42 PM

http://business.financialpost.com/news/economy/canadian-dollar-is-getting-hammered-today-on-dismal-trade-and-fire-in-the-oilpatch

TORONTO — The Canadian dollar weakened to a two-week low against its U.S. counterpart on Wednesday after disappointing domestic trade data and as a wildfire threatened production in the country's oil sands region.

The trade deficit in March unexpectedly widened to a record C$3.41 billion ($2.66 billion) as exports sank for a second month on widespread weakness, Statistics Canada data indicated.

"The Canadian dollar isn't helped by awful trade figures," said Adam Cole, head of global foreign-exchange strategy at Royal Bank of Canada in London, who expects the loonie to weaken to $1.33 by the end of 2016. "It's starting to call into question the rebalancing story that many have bought into recently."

The economy remains on track to grow more than 3 per cent in the first quarter, but the data provides a "weak handoff" going into the second quarter, said Paul Ferley, the assistant chief economist at Royal Bank of Canada.

Title: Re: Money Sense
Post by: Anonymous on May 11, 2016, 06:15:30 PM

Oil futures soared past $46 a barrel on Wednesday to settle at their highest level in more than six months.

The climb was supported by a U.S. government report that revealed an unexpected weekly drop in crude inventories and a ninth straight week of falling domestic production.

June West Texas Intermediate crude CLM6, -0.50% tacked on $1.57, or 3.5%, to settle at $46.23 a barrel on the New York Mercantile Exchange. The settlement was the highest since Nov. 4. July Brent crude LCON6, +4.13% on London's ICE Futures exchange added $2.08, or 4.6%, to end at $47.60 a barrel.

The TSX closed slightly higher and the Dow was up 214 points.

Title: Re: Money Sense
Post by: Anonymous on May 17, 2016, 12:26:08 PM

The surging loonie has been one of the top stories over the past several months—it plunged from a high of 1.46 in January to 1.26 (one U.S. dollar equals $1.26 Canadian dollars).

But over the past three months, the loonie has outperformed all the G10 Nation currencies against the U.S. dollar. The surge in the loonie is the result of rising oil prices and the market moving past the idea of a potential Bank of Canada rate cut. The end result is that speculators are now more long than short the Canadian dollar.

Going forward, however, many analysts see this changing. Macquarie, for example, sees the Canadian dollar falling to US$0.59 over the next few years, meaning the trend for the Canadian dollar will be down. Here's why the Canadian dollar could be headed downwards and what it means for your portfolio.

Why the Canadian dollar has little strength left

In a recent BNN interview, John Johnson, the chief strategist at Davis Rea, claimed that the Canadian dollar could possibly rise to a high of US$0.90 before falling to a long-term low of US$0.55 cents. This view is shared by Macquarie, and the basic idea is that the days of the Canadian dollar trading at parity with the U.S. dollar (like it did back in 2010-2013) are now over.

Even over the short term, it is very likely the Canadian dollar will see further weakness. Not only is the U.S. dollar likely to appreciate in the near term as the Fed will likely have one rate hike this year (which is not priced in by the market), but the Bank of Canada also has an interest in keeping the Canadian dollar weak.

A weak Canadian dollar helps Canadian exports become more competitive (especially firms that export to the U.S.). Canadian products basically go on sale as the Canadian dollar weakens, and this weakness is an important aspect of strengthening Canada's non-energy sector. It is for this reason that the Bank of Canada recently stated that non-energy exports are expected to be weaker because of the recent strength in the Canadian dollar, and that further strength could harm Canada's attempt to switch from commodity exports to services and manufacturing.

In other words, since the oil boom is now over, Canada will need a weaker currency to stay competitive in the North American supply chain. The massive rally in the loonie that occurred during the 2000s was largely due to a global commodities boom that saw rising oil prices and increased investments in oil and gas.

Going forward, the Bank of Canada sees the commodity sector share of the economy equaling levels that it was at before the boom in commodities. It is important to note that before the commodities boom, the Canadian dollar hit a low of US$0.62, and, since the 1970s, was almost always in a steady decline against the U.S. dollar.

Title: Re: Money Sense
Post by: Anonymous on May 17, 2016, 12:27:50 PM

What It Means For Your Portfolio

Several names benefit from a weaker Canadian dollar, especially names that have U.S. operations but are based in Canada and report in Canadian dollars. Earnings from U.S. operations will receive a boost when translated back into Canadian.

On the other hand, names that earn the majority of their earnings in Canadian dollars but have a high percentage of U.S. costs will suffer in this environment. This may include airlines such as Air Canada, which pays for fuel in U.S. dollars.

An example of a name that would benefit from a falling Canadian dollar would be Toronto-Dominion Bank (TSX:TD)(NYSE:TD). TD had 36% of its revenue come from its U.S. retail segment as well as from its ownership stake in TD Ameritrade in Q1 2016.

TD is also unique among the Canadian banks in that it is well insulated from various negative economic factors that could create pressure on the Canadian dollar, like weak commodity prices or a slowing housing market. TD has some of the lowest exposure to oil and gas loans and Alberta of its peers, and the bank has a low exposure to uninsured mortgages in Ontario and B.C.

Title: Re: Money Sense
Post by: Anonymous on May 17, 2016, 01:18:32 PM

So our investments will lose value and everything will cost more.

ac_unsure

Title: Re: Money Sense
Post by: Twenty Dollars on May 18, 2016, 09:49:24 AM

Seems like I've been inodated with advertising to buy gold, stocks in Canadian mining firms. I don't know anything about gold. I'm a chicken shit when it comes to investing. Making that money was a long hard road. I just can't see investing in hot and cold mutuals, or some other loaded scheme.

Title: Re: Money Sense
Post by: Anonymous on May 18, 2016, 11:40:41 AM

~~Quote from: "Twenty Dollars"~~Seems like I've been inodated with advertising to buy gold, stocks in Canadian mining firms. I don't know anything about gold. I'm a chicken shit when it comes to investing. Making that money was a long hard road. I just can't see investing in hot and cold mutuals, or some other loaded scheme.

Delete them without reading them.

Title: Re: Money Sense
Post by: Twenty Dollars on May 18, 2016, 11:49:41 AM

~~Quote from: "seoulbro"~~
~~Quote from: "Twenty Dollars"~~Seems like I've been inodated with advertising to buy gold, stocks in Canadian mining firms. I don't know anything about gold. I'm a chicken shit when it comes to investing. Making that money was a long hard road. I just can't see investing in hot and cold mutuals, or some other loaded scheme.

Delete them without reading them.

So buying and owning gold is a bad idea?

Title: Re: Money Sense
Post by: Anonymous on May 18, 2016, 12:00:23 PM

~~Quote from: "Twenty Dollars"~~
~~Quote from: "seoulbro"~~
~~Quote from: "Twenty Dollars"~~Seems like I've been inodated with advertising to buy gold, stocks in Canadian mining firms. I don't know anything about gold. I'm a chicken shit when it comes to investing. Making that money was a long hard road. I just can't see investing in hot and cold mutuals, or some other loaded scheme.

Delete them without reading them.

So buying and owning gold is a bad idea?

Taking those scam ads seriously is a waste of time. Full of viruses and malware too.

Title: Re: Money Sense
Post by: Twenty Dollars on May 18, 2016, 12:06:39 PM

~~Quote from: "seoulbro"~~
~~Quote from: "Twenty Dollars"~~
~~Quote from: "seoulbro"~~
~~Quote from: "Twenty Dollars"~~Seems like I've been inodated with advertising to buy gold, stocks in Canadian mining firms. I don't know anything about gold. I'm a chicken shit when it comes to investing. Making that money was a long hard road. I just can't see investing in hot and cold mutuals, or some other loaded scheme.

Delete them without reading them.

So buying and owning gold is a bad idea?

Taking those scam ads seriously is a waste of time. Full of viruses and malware too.

Thank you for the warning

Title: Re: Money Sense
Post by: Anonymous on May 18, 2016, 12:49:20 PM

~~Quote from: "seoulbro"~~
~~Quote from: "Twenty Dollars"~~
~~Quote from: "seoulbro"~~
~~Quote from: "Twenty Dollars"~~Seems like I've been inodated with advertising to buy gold, stocks in Canadian mining firms. I don't know anything about gold. I'm a chicken shit when it comes to investing. Making that money was a long hard road. I just can't see investing in hot and cold mutuals, or some other loaded scheme.

Delete them without reading them.

So buying and owning gold is a bad idea?

Taking those scam ads seriously is a waste of time. Full of viruses and malware too.

I have made the mistake of clicking on them in the past.

Title: Re: Money Sense
Post by: cc on May 25, 2016, 07:29:52 PM

Say, seoulbro. We have made some recent nice sales for our software (high end engineering stuff, so not cheap) - paid by credit card in US$ over internet, then put into our US$ company account.

Wish to convert to Canadian at optimum time .. of course an educated guessing game at best.

Official was at 130+ this morning. We get 1.275 at our bank if I do it via internet and 1.29 if we take out cash and use a moneychanger .. all being a nice bonus for us. But I digress from my question.

We are not in a hurry. I know it is a guessing game, but are there any "vibes out there" that exchange rate could move appreciably in either direction in the near to moderate future?

Title: Re: Money Sense
Post by: Anonymous on May 25, 2016, 09:28:43 PM

~~Quote from: "cc la femme"~~Say, seoulbro. We have made some recent nice sales for our software (high end engineering stuff, so not cheap) - paid by credit card in US$ over internet, then put into our US$ company account.

Wish to convert to Canadian at optimum time .. of course an educated guessing game at best.

Official was at 130+ this morning. We get 1.275 at our bank if I do it via internet and 1.29 if we take out cash and use a moneychanger .. all being a nice bonus for us. But I digress from my question.

We are not in a hurry. I know it is a guessing game, but are there any "vibes out there" that exchange rate could move appreciably in either direction in the near to moderate future?

June has historically been not a good month for the Canadian dollar. This June looks worse than in the past.

The biggest factor in this will be monetary policy. The Bank of Canada could adopt a negative interest rate policy (NIRP). The U.S. Federal Reserve, on the other hand, could do the exact opposite. A number of Fed officials have said that a rate hike in June is a real possibility.

Hold on to your US dollars for now.

Title: Re: Money Sense
Post by: Anonymous on May 26, 2016, 11:48:17 AM

This shows the importance of Alberta to the national economy. One and a quarter percentage points shaved off of our GDP in the second quarter. If the twinning of Trans Mountain is approved later this year and ground is broken on it, it would be a much bigger boost than all of Trudeau's stimulus plans.

http://www.macleans.ca/news/canada/wildfires-in-alberta-will-hurt-economic-growth-bank-of-canada-says/

OTTAWA – The Bank of Canada said Wednesday that the wildfires that razed parts of Fort McMurray, Alta., and forced the shutdown of several oilsands operations will exact a toll on the economy, but noted that it would be temporary as it kept its key interest rate on hold.

The central bank said that its preliminary assessment — its first since the disaster erupted earlier this month — suggests the fires will cut 1.25 percentage points off real GDP growth in the second quarter.

In its April monetary policy report, the bank had predicted growth at an annual rate of 1.0 per cent for the second quarter.

"While we don't know the bank's updated tracking excluding the wildfires, it's likely that the bank is tracking a contraction for the second quarter," TD Bank senior economist Leslie Preston said.

The Bank of Canada is expected to update its full outlook for the economy and inflation in its next monetary policy report on July 13, when it also makes its next rate announcement.

Despite the cut to its expectations for growth in the second quarter, the Bank of Canada kept its key interest rate at 0.5 per cent. The rate is a major factor used by Canada's big banks in determining their prime lending rates.

The central bank noted that growth in the first quarter was in line with expectations and the economy is expected to rebound in the third quarter as oil production resumes and reconstruction of the areas devastated by the fire begins.

The downgrade of the second quarter follows similar moves by economists at some of Canada's big banks.

The Bank of Montreal has predicted the economy will contract at an annual rate of 1.0 per cent in the second quarter due to the Alberta wildfires compared with the implied contraction of 0.25 per cent based on the central bank's figures.

Bank of Montreal senior economist Robert Kavcic said many economists may have been expecting a little bit more caution from the Bank of Canada in its rate announcement statement.

"Bottom line is that the wildfire is going to have an impact on growth in Q2 and Q3, but it is just going to shift the timing of growth around," he said.

"A lot seems to be going as they were expecting when they put out the last (monetary policy report), minus the wildfire which doesn't have a policy implication. So you add it all up and it is very neutral."

BMO expects the Bank of Canada to keep its key interest rate on hold for the next year with rate hikes only coming into view in the second half of 2017.

Title: Re: Money Sense
Post by: Anonymous on May 27, 2016, 11:01:42 AM

Oil is expected to draw back from flirting with the $50 level. The wildfires in Alberta and temporary production slashed in heavy oil centres Venezuela and Nigeria took a lot of oil off the market. Production will rebound especially in Alberta in June and see oil fall back a bit.

Title: Re: Money Sense
Post by: smell the glove on May 30, 2016, 01:57:50 AM

~~Quote from: "Twenty Dollars"~~So buying and owning gold is a bad idea?

Owning physical precious metals for investment purposes (which I have done), isn't ideal in this day and age. Storage concerns... Theft concerns... Transportation concerns...

The only thing going for owning physical precious metals, at least here in Canada, is that it is one of the last ways to avoid paying capital gains taxes, since the buying and selling of precious metals isn't very well regulated here, if at all...

Title: Re: Money Sense
Post by: Twenty Dollars on May 30, 2016, 09:26:05 AM

~~Quote from: "smell the glove"~~
~~Quote from: "Twenty Dollars"~~So buying and owning gold is a bad idea?

Owning physical precious metals for investment purposes (which I have done), isn't ideal in this day and age. Storage concerns... Theft concerns... Transportation concerns...

The only thing going for owning physical precious metals, at least here in Canada, is that it is one of the last ways to avoid paying capital gains taxes, since the buying and selling of precious metals isn't very well regulated here, if at all...

Don't live in N. America. I am accustom to keeping 5 thousand dollars or more in a safe, because I don't have an active bank account. Plus many don't trust the banking system here. Plenty of room for some closely held ingots that would become my pets.

Title: Re: Money Sense
Post by: smell the glove on May 31, 2016, 02:44:59 AM

How do you not have an active bank account, Seaman?

How do you get your union pension payments paid?

In fact, I cannot imagine anyone, other than a homeless bum, having the ability to even live in this day and age without at least a chequing (checking) account...

Title: Re: Money Sense
Post by: Anonymous on May 31, 2016, 11:51:15 AM

~~Quote from: "smell the glove"~~
~~Quote from: "Twenty Dollars"~~So buying and owning gold is a bad idea?

Owning physical precious metals for investment purposes (which I have done), isn't ideal in this day and age. Storage concerns... Theft concerns... Transportation concerns...

The only thing going for owning physical precious metals, at least here in Canada, is that it is one of the last ways to avoid paying capital gains taxes, since the buying and selling of precious metals isn't very well regulated here, if at all...

As a general rule, the CRA allows you to choose how you want your gains and losses on the sale of commodities, including gold, to be treated for tax purposes: on an "income" or "capital" account.

Taxpayers who choose to report on income account include any profits from sale as income. Consequently, if they experience a loss from the sale of the commodity, that loss can be used to offset any source of income.

Most taxpayers, however, choose to report gains from commodity transactions on capital account, since only 50% of a capital gain is taxable. Of course, by doing so, any losses on the sale of commodities must be treated as capital losses, which can only be used to offset other capital gains.

Title: Re: Money Sense
Post by: Twenty Dollars on May 31, 2016, 01:18:04 PM

~~Quote from: "smell the glove"~~How do you not have an active bank account, Seaman?

How do you get your union pension payments paid?

In fact, I cannot imagine anyone, other than a homeless bum, having the ability to even live in this day and age without at least a chequing (checking) account...

I'll be nice the first time.

My name is seamajor.

Union pension, dividends, etc, into my bank account in N. California.

I do not have an active bank account here. I get as much cash as I need from any ATM machine.

See that was simple.

Title: Re: Money Sense
Post by: Anonymous on June 01, 2016, 09:43:56 AM

~~Quote from: "Twenty Dollars"~~
~~Quote from: "smell the glove"~~How do you not have an active bank account, Seaman?

How do you get your union pension payments paid?

In fact, I cannot imagine anyone, other than a homeless bum, having the ability to even live in this day and age without at least a chequing (checking) account...

I'll be nice the first time.

My name is seamajor.

Union pension, dividends, etc, into my bank account in N. California.

I do not have an active bank account here. I get as much cash as I need from any ATM machine.

See that was simple.

Are you not charged a fee every time you use an ATM and it converts your money?

Title: Re: Money Sense
Post by: Twenty Dollars on June 01, 2016, 02:54:58 PM

~~Quote from: "Fashionista"~~
~~Quote from: "Twenty Dollars"~~
~~Quote from: "smell the glove"~~How do you not have an active bank account, Seaman?

How do you get your union pension payments paid?

In fact, I cannot imagine anyone, other than a homeless bum, having the ability to even live in this day and age without at least a chequing (checking) account...

I'll be nice the first time.

My name is seamajor.

Union pension, dividends, etc, into my bank account in N. California.

I do not have an active bank account here. I get as much cash as I need from any ATM machine.

See that was simple.

Are you not charged a fee every time you use an ATM and it converts your money?

Yes Fash. $3.00. I usually take a large amount, as not to use it several times a week. I almost never use a credit card here either.

Title: Re: Money Sense
Post by: smell the glove on June 03, 2016, 02:42:39 AM

~~Quote from: "Twenty Dollars"~~I'll be nice the first time.

My name is seamajor.

And I'll omit the fact that you tried to get tough with me for no reason when you first arrived at Memebee...

I can be quite civil, should the climate be correct.

Title: Re: Money Sense
Post by: Twenty Dollars on June 03, 2016, 09:22:54 AM

~~(//%3C/s%3Ehttp://i1359.photobucket.com/albums/q785/seamajor1/Mobile%20Uploads/2016-05/629B78D2-B8C2-4565-8C59-CCDE7BEBA05B_zpszydvg8rq.jpg%3Ce%3E) (//http)~~

~~Some things aren't that important.~~

Title: Re: Money Sense
Post by: Anonymous on June 03, 2016, 09:34:45 AM

~~Quote from: "Twenty Dollars"~~
~~Quote from: "Fashionista"~~
~~Quote from: "Twenty Dollars"~~
~~Quote from: "smell the glove"~~How do you not have an active bank account, Seaman?

How do you get your union pension payments paid?

In fact, I cannot imagine anyone, other than a homeless bum, having the ability to even live in this day and age without at least a chequing (checking) account...

I'll be nice the first time.

My name is seamajor.

Union pension, dividends, etc, into my bank account in N. California.

I do not have an active bank account here. I get as much cash as I need from any ATM machine.

See that was simple.

Are you not charged a fee every time you use an ATM and it converts your money?

Yes Fash. $3.00. I usually take a large amount, as not to use it several times a week. I almost never use a credit card here either.

That's very different than how we did things when we lived in Kazakhstan for one year.

Title: Re: Money Sense
Post by: Twenty Dollars on June 03, 2016, 09:58:06 AM

~~Quote from: "Fashionista"~~
~~Quote from: "Twenty Dollars"~~
~~Quote from: "Fashionista"~~
~~Quote from: "Twenty Dollars"~~
~~Quote from: "smell the glove"~~How do you not have an active bank account, Seaman?

How do you get your union pension payments paid?

In fact, I cannot imagine anyone, other than a homeless bum, having the ability to even live in this day and age without at least a chequing (checking) account...

I'll be nice the first time.

My name is seamajor.

Union pension, dividends, etc, into my bank account in N. California.

I do not have an active bank account here. I get as much cash as I need from any ATM machine.

See that was simple.

Are you not charged a fee every time you use an ATM and it converts your money?

Yes Fash. $3.00. I usually take a large amount, as not to use it several times a week. I almost never use a credit card here either.

That's very different than how we did things when we lived in Kazakhstan for one year.

That sounds like an exotic destination. What was the money scene there? Your husband must have been working in that country?

Title: Re: Money Sense
Post by: Anonymous on June 03, 2016, 10:33:05 AM

~~Quote from: "Twenty Dollars"~~
~~Quote from: "Fashionista"~~
~~Quote from: "Twenty Dollars"~~
~~Quote from: "Fashionista"~~
~~Quote from: "Twenty Dollars"~~
~~Quote from: "smell the glove"~~How do you not have an active bank account, Seaman?

How do you get your union pension payments paid?

In fact, I cannot imagine anyone, other than a homeless bum, having the ability to even live in this day and age without at least a chequing (checking) account...

I'll be nice the first time.

My name is seamajor.

Union pension, dividends, etc, into my bank account in N. California.

I do not have an active bank account here. I get as much cash as I need from any ATM machine.

See that was simple.

Are you not charged a fee every time you use an ATM and it converts your money?

Yes Fash. $3.00. I usually take a large amount, as not to use it several times a week. I almost never use a credit card here either.

That's very different than how we did things when we lived in Kazakhstan for one year.

That sounds like an exotic destination. What was the money scene there? Your husband must have been working in that country?

Yes, my husband's company sent him there for a one year renewable contract..

It was a full expat package with return air tickets for all of us, housing, international school, tax free salary paid in American dollars and local transportation..

There wasn't much for me to do and I missed my job, life and family in Canada, so my husband did not renew and we moved back to Calgary.

Title: Re: Money Sense
Post by: smell the glove on June 04, 2016, 02:32:58 AM

~~Quote from: "Twenty Dollars"~~Some things aren't that important.

Well, it does look like you're having fun, enjoying yourself in your retirement!

That is all that counts, in the end...

Title: Re: Money Sense
Post by: Anonymous on June 04, 2016, 09:07:31 AM

~~Quote from: "smell the glove"~~
~~Quote from: "Twenty Dollars"~~Some things aren't that important.

Well, it does look like you're having fun, enjoying yourself in your retirement!

That is all that counts, in the end...

Along with good health which Twenty Dollars also has.

Title: Re: Money Sense
Post by: Twenty Dollars on June 04, 2016, 10:14:37 AM

~~Quote from: "Fashionista"~~
~~Quote from: "smell the glove"~~
~~Quote from: "Twenty Dollars"~~Some things aren't that important.

Well, it does look like you're having fun, enjoying yourself in your retirement!

That is all that counts, in the end...

Along with good health which Twenty Dollars also has.

Thank you Fash. You're very sweet.

Title: Re: Money Sense
Post by: Anonymous on June 04, 2016, 10:37:35 AM

~~Quote from: "smell the glove"~~
~~Quote from: "Twenty Dollars"~~Some things aren't that important.

Well, it does look like you're having fun, enjoying yourself in your retirement!

That is all that counts, in the end...

You really could not ask for a better retirement than what TD enjoys. My job is to help people prepare for their own retirement dreams.

Title: Re: Money Sense
Post by: Twenty Dollars on June 04, 2016, 12:55:08 PM

~~Quote from: "seoulbro"~~
~~Quote from: "smell the glove"~~
~~Quote from: "Twenty Dollars"~~Some things aren't that important.

Well, it does look like you're having fun, enjoying yourself in your retirement!

That is all that counts, in the end...

You really could not ask for a better retirement than what TD enjoys. My job is to help people prepare for their own retirement dreams.

Thank you Bro. Bet you do a good job.

Title: Re: Money Sense
Post by: Anonymous on June 04, 2016, 11:30:41 PM

~~Quote from: "Fashionista"~~
~~Quote from: "smell the glove"~~
~~Quote from: "Twenty Dollars"~~Some things aren't that important.

Well, it does look like you're having fun, enjoying yourself in your retirement!

That is all that counts, in the end...

Along with good health which Twenty Dollars also has.

Everything else is distant second to good health.

Title: Re: Money Sense
Post by: Anonymous on June 05, 2016, 10:10:30 AM

~~Quote from: "iron horse jockey"~~
~~Quote from: "Fashionista"~~
~~Quote from: "smell the glove"~~
~~Quote from: "Twenty Dollars"~~Some things aren't that important.

Well, it does look like you're having fun, enjoying yourself in your retirement!

That is all that counts, in the end...

Along with good health which Twenty Dollars also has.

Everything else is distant second to good health.

No argument. But, you still need to plan prudently.

Title: Re: Money Sense
Post by: Anonymous on June 09, 2016, 10:44:13 PM

The North American benchmark oil price closed above $50 for the first time since last July, pushing the Canadian dollar higher along with it.

Oil gained 59 cents to trade back above $50 a barrel at $50.48 US on New York Mercantile Exchange

Much of oil's gain was tied to weakness in the U.S. dollar, which has been selling off since a weak jobs report on Friday. That has investors thinking the U.S. is in no rush to raise interest rates.

The loonie is also a beneficiary of the weakness in the U.S. dollar, and it gained a quarter of cent to 78.38 cents US on Tuesday. That's the highest level for Canada's currency in two weeks.

Speculators have placed more bets on the Canadian dollar in recent weeks, Commodity Futures Trading Commission data showed on Friday.

Net long Canadian dollar positions rose to 26,259 contracts in the week ended May 31 from 20,047 in the prior week.

The TSX was also in the green, up 89 points to close at 14,365.

Title: Re: Money Sense
Post by: Gallium on June 17, 2016, 07:36:42 AM

~~Quote from: "seoulbro"~~But, you still need to plan prudently.

Ha! You mean gamble (as in the right investment)! :icon_wink:

Title: Re: Money Sense
Post by: Anonymous on June 20, 2016, 02:00:48 PM

~~Quote from: "Gallium"~~
~~Quote from: "seoulbro"~~But, you still need to plan prudently.

Ha! You mean gamble (as in the right investment)! :icon_wink:

Investing is knowledge. Gambling is odds.

Title: Re: Money Sense
Post by: Gallium on June 21, 2016, 05:47:58 AM

~~Quote from: "seoulbro"~~
~~Quote from: "Gallium"~~
~~Quote from: "seoulbro"~~But, you still need to plan prudently.

Ha! You mean gamble (as in the right investment)! :icon_wink:

Investing is knowledge. Gambling is odds.

For sure...until your broker gives you a bum-steer. The initial stocks in copper made me a quick $4K...so I decided to buy back and then some. Loss about $10K! Rookie error... :sad:

Title: Re: Money Sense
Post by: smell the glove on June 21, 2016, 06:01:47 AM

If one decides to self-direct their investments, as I do, there is only one person that can give you either good or bad advice. That person is the same one that you see in the mirror...

My advice for the self-directed investor?

Don't listen to anyone... If you wanted advice and management, you could have paid for it.

Diversify... Trust me. Hold shares in diverse investment areas...

Unless you're a day trader (I'm not, and will never be), don't sweat the downturns too much... They will eventually recover. Not saying to completely ignore your investments, but sometimes a Popeil "set it and forget it" attitude is best for long-term. Frequent buying and selling, trying to time the markets, etc., have left as many people broke, as it has getting people rich.

Oh, and set that shit up to DRIP. It's the only way for long-term reinvestment...

Title: Re: Money Sense
Post by: Anonymous on June 21, 2016, 01:50:06 PM

Finance Minister Bill Morneau announced incremental changes to CPP. Here's how it affects you.

http://www.msn.com/en-ca/money/topstories/what-cpp-expansion-means-to-you-mayers/ar-AAhoBY4?li=AAggFp5&ocid=mailsignout

After a decade of trying, Canada's finance ministers reached an historic consensus Monday to expand the Canada Pension Plan.

The agreement, signed by federal finance minister Bill Morneau and eight of his provincial counterparts, provides for the first substantive change to our national retirement scheme since its creation by Lester B. Pearson in 1965. It also means that Ontario's go-it-alone scheme, which pushed pension reform onto the national stage, is dead.

Instead, by 2019, all working Canadians will be paying into an expanded CPP in return for a bigger future benefit.

The deal recognizes that the time has finally come to do something about retirement security.

Everyone will pay more.

Everyone will get more.

t will be another 2½ years before any changes take place. Many details are still to be worked out.

But here are answers to basic questions about the deal:

What did the ministers agree to do?

They agreed to a gradual expansion of the Canada Pension Plan. Premiums will rise in steps over seven years, starting in 2019. 'Gradually' is the key word. Canadians will gradually pay more and gradually get more.

Currently, employers and employees each contribute 4.95 per cent of income between salaries of $3,500 and $54,900.

The agreement increases the upper income limit by 50 per cent to $82,700 by 2025.

Another key change is that the current CPP is meant to replace 25 per cent of earnings up to the $54,900-ceiling. The new plan will replace one third of income up to the higher ceiling.

How much are pensions going up?

The maximum CPP pension in 2016 for someone retiring at age 65 is $13,110. That is based on maximum earnings for CPP purposes of $54,900.

The Department of Finance says that under the new scheme, at maturity, a Canadian earning slightly less — $50,000 in constant earnings throughout a working life — would receive a yearly pension of $16,000.

That compares with the current maximum of $12,000 at that income level.

Bear in mind that "at maturity" is a euphemism for about 40 years of work. And few people get the maximum. The average CPP pension is about 60 per cent of the maximum amount.

Will the changes affect RRSP room?

No, according to Sousa. And in order to avoid increasing the after-tax cost of the added premiums, Ottawa will provide a tax deduction for the additional contributions rather than a tax credit.

Will it be compulsory?

Yes.

Who pays what?

Employees and employers will continue to pay equally at the 4.95-per-cent rate. The self-employed continue to pay both portions.

When will I start paying more?

On Jan. 1, 2019. An employee earning $55,000 a year in 2019 will see an increase in monthly premiums of $7 a month, Canadian Press reported. At that income level, the premium rises by another $7 a month in each of the next five years.

This earner will pay $420 more annually by then.

For those earning above that, there is another two years of phase-in.

How much more will I get?

Circumstances are different. It depends on how long you work and how much you make.

Title: Re: Money Sense
Post by: smell the glove on June 22, 2016, 02:58:16 AM

Bolstering up the CPP is a hotly debated issue, but I personally agree with this move.

I'll give you an example of an argument I had with one of my buddies a few days ago... Even though he's an employee, without any type of work pension, he seems awfully "right-wing" in the fact that he has a problem with a slight increase in deductions, just as employers do. He thinks people should be free to invest their money how they want, and not have the government do this for him.

I ask him what retirement investments he has? A puzzled look comes upon his face. He says "fuck the old people." I say, you will soon be old also. What are your investments?

The problem is, that I had to explain to him, is that he has no investments, and no work pension. When he has to retire, who will have to cover his poverty ass when he needs subsidies? The taxpayers... That's right! TAX PAYERS will have to cover him. And he hates taxes.

The problem with people, is that most are idiots. These people can also vote. These people also breed.

Yes, if everyone had solid investments or a defined-benefit workplace pension, we wouldn't so much need to worry about changing the CPP. The fact is, the majority of workers today has neither of these, which is contrary to what employees historically had.

And the employers arguments? Fuck 'em. They'll claim a $0.05 increase in the minimum wage will bankrupt them. They spill the same spiel every single time anything like this is discussed. It has NEVER amounted to any business closing that wasn't already about to fail.

Title: Re: Money Sense
Post by: Anonymous on June 22, 2016, 08:33:06 AM

More money deducted from my pay. :negative:

Title: Re: Money Sense
Post by: Anonymous on June 22, 2016, 12:54:32 PM

Taking more money from employer and employee and will really spur job creation. :001_rolleyes: No wonder Canadians can't save for their own retirements when various levels of government keep nickel and diming them. Rolling back the previous governments increase to TFSA contributions was stupid too.

Title: Re: Money Sense
Post by: smell the glove on June 24, 2016, 01:17:52 AM

The problem is, is that many people don't save for their retirements...

This is why the CPP exists.

What are you going to do with millions of elderly people that have zero net worth, and zero income? Throw 'em into a gas chamber?

Title: Re: Money Sense
Post by: Anonymous on June 24, 2016, 11:41:17 AM

My phone is ringing off thew hook this morning as paniclky clients see Canadian dollar shedding a full cent and big drops on all the major markets. The pound closed at it's lowest level in thirty one years.

I suspect that we'll see something of a retracement through the day as traders step back from the knee-jerk reactions that characterized markets last night. It will still be a rough week ahead.

Title: Re: Money Sense
Post by: Anonymous on June 25, 2016, 01:13:31 AM

~~Quote from: "smell the glove"~~The problem is, is that many people don't save for their retirements...

This is why the CPP exists.

What are you going to do with millions of elderly people that have zero net worth, and zero income? Throw 'em into a gas chamber?

Raising payroll taxes on employers and employees alike hundreds of dollars a year for a very slight increase in CCP payouts is stupid. It will kill jobs and take money out of the economy. It is not good value for the money being charged.

Singapore has mandatory savings accounts that gives the individual a lot of choice in where to direct the cash. I would have preferred something like that here.

Title: Re: Money Sense
Post by: smell the glove on June 25, 2016, 05:59:08 AM

~~Quote from: "seoulbro"~~My phone is ringing off thew hook this morning as paniclky clients see Canadian dollar shedding a full cent and big drops on all the major markets. The pound closed at it's lowest level in thirty one years.

I suspect that we'll see something of a retracement through the day as traders step back from the knee-jerk reactions that characterized markets last night. It will still be a rough week ahead.

My stocks took a big shit-kicking today, due to the fears and paranoia of Britain removing itself from the EU.

Well, they all took a shit-kicking, except one of my holdings... Barrick Gold. Up around 8% today.

ALWAYS diversify... Barrick Gold is a shit investment, that pays almost nothing in dividends. I swore to turf it when I broke even with it...

Now? It's one of my top performers!

Title: Re: Money Sense
Post by: Anonymous on June 26, 2016, 02:15:28 PM

~~Quote from: "smell the glove"~~
~~Quote from: "seoulbro"~~My phone is ringing off thew hook this morning as paniclky clients see Canadian dollar shedding a full cent and big drops on all the major markets. The pound closed at it's lowest level in thirty one years.

I suspect that we'll see something of a retracement through the day as traders step back from the knee-jerk reactions that characterized markets last night. It will still be a rough week ahead.

My stocks took a big shit-kicking today, due to the fears and paranoia of Britain removing itself from the EU.

Well, they all took a shit-kicking, except one of my holdings... Barrick Gold. Up around 8% today.

ALWAYS diversify... Barrick Gold is a shit investment, that pays almost nothing in dividends. I swore to turf it when I broke even with it...

Now? It's one of my top performers!

Gold was the big winner after the Brexit vote. The US $ is seen as safe haven too.

Title: Re: Money Sense
Post by: Anonymous on June 27, 2016, 01:31:13 PM

The Canadian dollar is continuing its descent as markets around the world continue to take stock of last week's Brexit vote.

The loonie weakened as trading progressed, dropping to 76.48 cents US by late morning, down 0.45 of a cent from Friday's close.

On Friday, Canada's dollar fell 1.37 U.S. cents to 76.93 cents US as the greenback, often a safe haven during times of political and financial uncertainty, strengthened against most currencies following the Brexit vote.

The Toronto Stock Exchange's S&P/TSX index also increased its loss on Monday to 250.55 points, dropping to 13,641.33 after 90 minutes of trading this morning.

That followed a 239.50 point decline on Friday.

The TSX's decline was softened by an increase in gold stocks.

August gold contracts were up $4.60 to US$1,327 an ounce.

The Dow Jones industrial average saw its losses mount by 309.30 points at 17,090.56, the broader S&P 500 composite index fell 42.87 points to 1,994.54 and the Nasdaq composite dropped 123.27 points to 4,584.70.

The August crude contract was down $1.15 at US$46.49 per barrel.

Title: Re: Money Sense
Post by: Anonymous on June 29, 2016, 01:57:37 PM

Stock markets continued to rally from their post-Brexit losses as they posted a second straight days of gains.

In early afternoon trading on Wednesday, the S&P/TSX composite index was up 193 points at 14,036.

On Wall Street, the Dow Jones industrial average was ahead by 238 points at 17,648, while the broader S&P 500 index gained 30 points to reach 2,066. The Nasdaq composite index was up 79 points at 4,771.

The FTSE 100 closed Wednesday at 6,360.06, up 219.67 points from its previous finish.

The Canadian dollar added 0.30 of a cent to reach 77.02 cents US. The euro and the British pound were higher against the U.S. dollar.

The August contract for light sweet crude was up $1.30 at $49.15 US per barrel.

Title: Re: Money Sense
Post by: Anonymous on July 08, 2016, 11:38:37 AM

Canada's main stock index jumped in early trade on Friday in a broad move higher after robust U.S. jobs data, with energy shares gaining with higher oil prices.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 113.39 points, or 0.80 percent, at 14,247.85 shortly after the open. Nine of its 10 main industry sectors rose.

anada's already-sluggish jobs market stalled in June, when the economy shed 700 positions, but the number of people seeking work also fell, and the unemployment rate edged down to an 11-month low of 6.8 percent.

Analysts polled by Reuters had forecast a gain of 5,000 positions, and expected the jobless rate to rise to 7.0 percent from 6.9 percent in May. The unemployment rate last hit 6.8 percent in July 2015.

The Statistics Canada data released on Friday underlined the challenges facing an economy trying to adjust to weak oil prices that have depressed demand and led to layoffs in the energy industry. The labor participation rate dropped to 65.5 percent, the lowest since December 1999.

Full-time positions dropped by 40,100 while part-time jobs rose by 39,400. The construction and manufacturing sectors lost 28,700 and 12,900 jobs respectively while accommodation and food services grew by 20,200 positions.

Title: Re: Money Sense
Post by: Anonymous on July 08, 2016, 11:40:41 AM

Both crude benchmarks, West Texas Intermediate and North Sea Brent were down nearly 8 percent for the week - the largest weekly slide for Brent since January.

Crude futures have gyrated of late as a glut of refined products and slowing global economic growth contrasted with supply disruptions and expectations that the world's overhang of oil would soon begin to recede. Both Brent and U.S. crude hit two-month lows on Thursday.

Title: Re: Money Sense
Post by: Anonymous on July 21, 2016, 09:23:25 PM

The odds of Donald Trump winning the November election. But, people want to know what a Trump presidency will mean for the markets. The Brexit vote has been an unexpected boon for bond market investors.

It is so unclear what fiscal policies Trump would pursue. Mr Trump's pledge to make Mexico pay for a wall along its northern border could damage burgeoning US exports of its natural gas glut.

Based upon what is published on Donald Trump's own website it is my opinion that a Trump Presidency is likely to result in stagflation, and bring forth several headwinds for the economy and in turn the U.S. stock market (and global markets). A combination of greater deficit spending (based on the huge tax cuts Trump is proposing while there are no proposals for substantial spending cuts) and protectionist trade policies is likely to yield stagnant or negative economic growth amid stubbornly high consumer prices (resulting from reduced international trade which will make goods that we have typically imported from China, Mexico, etc. more expensive).

if Trump is elected President of the United States investors will likely want to sell some of their stocks and increase their allocations to gold and select gold mining shares. Expect a large rise in precious metals due to increased economic instability, and increased geopolitical tensions,

Title: Re: Money Sense
Post by: Anonymous on July 22, 2016, 04:11:50 PM

Oil is quietly down about seven dollars over the past week or so. This is the result of reduced world growth projections. Needless to say oil and gas stocks are lower and it is putting downward pressure on the Canadian dollar.

Title: Re: Money Sense
Post by: Anonymous on July 30, 2016, 12:51:34 PM

It has not been a good week or so for crude oil and related stocks. A glut in refined gasoline products is eating into the price of crude as refiners take advantage of cheap feed stock and buy extra crude, much like China is doing. Crude was up slightly Friday to $41.60, but has shed over 15 per cent in two weeks.

The Canadian dollar was at 76.59 cents US, up 0.61 of a cent from Thursday's close. The Toronto Stock Exchange's S&P/TSX composite index was slightly positive, up 30.02 points to 14 582.74.

Title: Re: Money Sense
Post by: Anonymous on August 13, 2016, 12:34:59 PM

The Canadian dollar strengthened to a four-week high against its U.S. counterpart on Friday as oil rallied and weaker-than-expected U.S. data weighed on the greenback. It closed at 77.15, up from Thursdays close of 77.04.

Canada's Teranet-National Bank Composite House Price Index showed national home prices rose 2.0 per cent last month from June. Prices were up 10.9 per cent from a year earlier.

Canadian government bond prices were higher across the maturity curve in sympathy with U.S. Treasuries as expectations dipped for a Federal Reserve rate hike this year.

The two-year price rose 4.5 Canadian cents to yield 0.515 per cent and the benchmark 10-year climbed 37 Canadian cents to yield 0.992 per cent.

Record highs reached by U.S. stock markets Thursday signal a revival in risk appetite that has buoyed higher-yielding currencies such as the Aussie and kiwi. A gauge of the dollar has erased all its advance from last week, after better-than-forecast payrolls growth failed to strengthen bets for higher U.S. rates by year-end above 50 percent.

The rebound in oil is leading the way, pushing other commodities up in tandem, and that is positive for commodity currencies.

Title: Re: Money Sense
Post by: Anonymous on August 28, 2016, 09:15:12 AM

The S&P/TSX Composite Index wavered throughout the day and edged higher by the close up 9.16 points, or 0.06 per cent to close at 14,639.88 in Toronto. The industrial, consumer discretionary, financial and energy stocks were the biggest gainers while utilities, materials and telecom services stocks were the biggest decliners.

The Canadian dollar fell 0.47 of a cent to .7688 US.

Title: Re: Money Sense
Post by: Twenty Dollars on August 28, 2016, 11:34:43 AM

~~Quote from: "seoulbro"~~The S&P/TSX Composite Index wavered throughout the day and edged higher by the close up 9.16 points, or 0.06 per cent to close at 14,639.88 in Toronto. The industrial, consumer discretionary, financial and energy stocks were the biggest gainers while utilities, materials and telecom services stocks were the biggest decliners.

The Canadian dollar fell 0.47 of a cent to .7688 US.

Looking like the U.S. Dollar is doing pretty well everywhere. As high as it's ever been in Costa Rica. Thanks Obama.

Title: Re: Money Sense
Post by: Anonymous on August 28, 2016, 05:36:27 PM

~~Quote from: "Twenty Dollars"~~
~~Quote from: "seoulbro"~~The S&P/TSX Composite Index wavered throughout the day and edged higher by the close up 9.16 points, or 0.06 per cent to close at 14,639.88 in Toronto. The industrial, consumer discretionary, financial and energy stocks were the biggest gainers while utilities, materials and telecom services stocks were the biggest decliners.

The Canadian dollar fell 0.47 of a cent to .7688 US.

Looking like the U.S. Dollar is doing pretty well everywhere. As high as it's ever been in Costa Rica. Thanks Obama.

Thanks Obama. What the fuck does he have to do with declining demand world wide demand in commodities you idiot.

Title: Re: Money Sense
Post by: Anonymous on September 08, 2016, 06:36:22 PM

Oil and oil related stocks had a good day on the back of falling inventories South of the border. It was trading at about $47.60 around 2:30 pm Eastern time.

Title: Re: Money Sense
Post by: Anonymous on September 21, 2016, 12:22:25 PM

North American stock markets ended Tuesday mostly flat, as the focus zeroed in on the U.S. Federal Reserve's two-day meeting on monetary policy.

The S&P/TSX composite index in Toronto was ahead by 25.75 points at 14,521.98, while the loonie was flat at 75.71 cents.

In commodities, the November contract for crude oil gained 19 cents at US$44.05, while the October contract for natural gas climbed 11 cents to US$3.05 per mmBtu.

The December gold contract jumped 40 cents at US$1,318.20 per ounce and December copper was up a penny at $2.17 a pound. -

Title: Re: Money Sense
Post by: Anonymous on September 28, 2016, 09:24:23 PM

NEW YORK — Oil prices settled up nearly 6 per cent on Wednesday after OPEC struck a deal to limit crude output at its policy meeting in November, its first agreement to cut production since 2008 and after the market crashed on oversupply.

The Organization of the Petroleum Exporting Countries reached agreement to limit its production to a range of 32.5-33.0 million barrels per day (bpd) in talks held on the sidelines of the Sept. 26-28 International Energy Forum in Algiers, group officials told Reuters.

OPEC estimates its current output at 33.24 million bpd.

"We have decided to decrease the production around 700,000 bpd," Iranian Oil Minister Bijan Zanganeh said.

OPEC will agree to production levels for each member country at its Nov. 30 meeting in Vienna, group officials said. After reaching its group target, it will seek support from non-member oil producers to further ease the global glut.

Brent crude settled up US$2.72, or 5.9 per cent, at US$48.69 a barrel, hitting a more than two-week high of US$48.96.

U.S. West Texas Intermediate (WTI) crude rose by US$2.38, or 5.3 per cent, to settle at US$47.05, after a peak US$47.45, its highest since Sept 8.

The oil rally spilled over into the stock market, with Wall Street's index of energy shares rising 4 per cent for its best one-day gain since January.

http://business.financialpost.com/news/energy/oil-jumps-on-speculation-opec-may-reach-agreement-in-algiers?__lsa=9a49-c3dd

Title: Re: Money Sense
Post by: Anonymous on September 28, 2016, 09:48:13 PM

The Canadian dollar (CAD=D4) ended at C$1.3109 to the greenback, or 76.28 U.S. cents, much stronger than Tuesday's close of C$1.3203, or 75.74 U.S. cents.

The currency's weakest level was C$1.3269, while it touched its strongest since Friday at C$1.3087.

The loonie's 0.7 percent gain was the most since Sept. 2.

The U.S. government reported that U.S. core capital goods orders rose for the third straight month in August, a positive signal for the business investment outlook.

A pickup in U.S. business investment would improve the outlook for Canada's non-energy exports.

However, the market will be cautious about buying much more Canadian dollars ahead of domestic gross domestic product data on Friday, Sahota said.

The economy is expected to have grown by 0.3 percent, which would reinforce expectations that it rebounded in the third quarter after contracting in the second. (ECONCA)

Canadian government bond prices were lower across the yield curve, with the two-year (CA2YT=RR) down 3.5 Canadian cents to yield 0.516 percent and the benchmark 10-year (CA10YT=RR) falling 11 Canadian cents to yield 0.978 percent.

Still, the 10-year yield earlier touched a new historic low intraday at 0.915 percent.

Title: Re: Money Sense
Post by: Anonymous on October 19, 2016, 01:42:17 PM

Oil future contracts are trading at their highest prices in nearly four months, briefly lending support to the Canadian dollar.

The loonie gained as much as two-thirds of a U.S. cent late this morning, before giving up some of the gains.

The petro-sensitive currency was at 76.45 cents US later in the morning, up 0.22 of a U.S. cent from Tuesday's close.

Heavily traded December contracts for crude traded as high as US$52.22 per barrel, their highest since late June. They later gave up some gains to trade at $51.97 per barrel, up $1.35 from the previous close. November contracts were at $51.71, up $1.42, but on less volume.

At the Toronto Stock Exchange, the S&P/TSX composite index was up a moderate 76.13 points or about half a percentage point at 14,828.38 — just short of a 52-week high.

The Dow Jones Industrial average was up 59.68 points at 18,221.62, the S&P 500 index was up 5.16 points at 2,144.76 and the Nasdaq composite was up 0.81 at 5,244.64.

December gold contracts were also up, rising US$10.60 to $1,271.40 an ounce, while December copper contracts were little-changed at US$2.10 a pound. November natural gas contracts were down 10 cents at US$3.16 per mmBTU.

Title: Re: Money Sense
Post by: Anonymous on October 29, 2016, 09:57:03 PM

The TSX, the Canadian dollar and oil all were lower as OPEC failed to reach a supply reduction agreement.

Title: Re: Money Sense
Post by: Anonymous on November 03, 2016, 08:14:01 PM

The TSX, oil, and the dollar were all flat today with oil West Texas Intermediate beolw $45 and the Candian dollar below 75 cents.

Title: Re: Money Sense
Post by: Anonymous on November 09, 2016, 06:36:49 AM

Dow futures cut losses, still down about 400 points, as Trump win stuns market

Stock index futures came well off session lows after Hillary Clinton conceded the presidential election to Donald Trump.

However, Dow futures were still about 400 points lower after earlier falling 800 points. Stock futures fell and bonds rallied as markets feared Donald Trump could pull off an upset and take the White House.

Just before midnight ET, S&P 500 futures and Nasdaq 100 futures plunged more than 5 percent. Around 6:31 a.m. ET, they held about 56 points lower and 149 points lower, respectively.

That was just above levels identified as "limit down" by the CME, which confirmed to CNBC that S&P and Nasdaq futures can trade above but not below those prices until 9:30 a.m., ET, when the Wednesday U.S. trading session begins.

Trade volume in eMini S&P futures was about 17 times the average daily volume, according to a note from Citi.

Investors moved into the safety of bonds Tuesday evening as traders questioned whether Democrat Hillary Clinton could still win the race. The Mexican peso briefly fell more than 10 percent against the U.S. dollar.

"Right now, the markets are heading for the hills, but we'll see," said Robert Tipp, chief investment strategist, global bonds and foreign exchange at Prudential Fixed Income. "That's a function of fear as much as fact."

Tipp said it's not clear whether Trump would be as disruptive as the markets worry he could be, since it's unclear what parts of his platform would be pursued and what type of individuals he would choose for his Cabinet.

U.S. futures were volatile as election results started rolling out at around 7 p.m. ET. Dow futures were up as much as 100 points at one point before turning south as state after state were projected to have picked Trump.

Keith Parker, global equity strategist at Barclays who studied what might happen if Trump were to win, projected the S&P 500 could move initially to around 2,000, if the Republican businessman prevails. The S&P 500 ended Tuesday's session higher, up 8 at 2,139, as markets speculated that Clinton was in the lead.

"Markets would be volatile. Equities would take their cue from confidence indicators — what Trump says, what the GOP leadership does," he said.

http://www.cnbc.com/2016/11/08/stock-futures-waffle-after-first-election-results-emerge-showing-tight-race.html

Title: Re: Money Sense
Post by: Anonymous on November 09, 2016, 06:50:47 AM

It is going to be an interesting day at the office.

Title: Re: Money Sense
Post by: Anonymous on November 09, 2016, 07:15:58 AM

Everything is down in my portfolio. But the initial shock seems to have subsided a bit as Trump gave his victory speech.

Title: Re: Money Sense
Post by: Anonymous on November 09, 2016, 07:21:40 AM

It's a better time right now for traders rather than investors. It's a period of volatility for a little while anyway.

Title: Re: Money Sense
Post by: cc on November 10, 2016, 03:51:28 PM

Oh?

Record "American" stock high yesterday .... very shortly after opening

Sorry to have to tell you bout that / burst yer negative bubble, guy

Title: Re: Money Sense
Post by: Anonymous on November 10, 2016, 07:14:35 PM

~~Quote from: "Daisy May"~~Oh?

Record "American" stock high yesterday .... very shortly after opening

Sorry to have to tell you bout that / burst yer negative bubble, guy

Now TD is posting repetitive bullshit in the Seoul brother's thread. Same rules apply here as in Politics.

Title: Re: Money Sense
Post by: Anonymous on November 10, 2016, 09:48:00 PM

~~Quote from: "Herman"~~
~~Quote from: "Daisy May"~~Oh?

Record "American" stock high yesterday .... very shortly after opening

Sorry to have to tell you bout that / burst yer negative bubble, guy

Now TD is posting repetitive bullshit in the Seoul brother's thread. Same rules apply here as in Politics.

TD has a sub to post pablum. It doesn't belong here.

Title: Re: Money Sense
Post by: cc on November 14, 2016, 11:42:25 PM

Ya. I shouldn't have put facts to him .. I should have simply told him to get lost

Title: Re: Money Sense
Post by: Anonymous on November 14, 2016, 11:45:17 PM

The Trump bump continues for the Dow.

Title: Re: Money Sense
Post by: Anonymous on December 04, 2016, 02:35:53 PM

The TSX had a good week on news of of a possible production cut by OPEC. West Texas intermdiate was up twelve per cent on the week. The Canadian dollar had six week best closing at 75.28 even with a jobs report showing a loss of full time jobs and lower labour market participation.

South of the border, the Trump bump continues with the Dow closing at an all time high. There has been no indication that he (Trump) wants to pick a trade fight with Canada ... instead he is going to make it easier for Canadian oil companies to get oil to the market. The Northern leg of KXL would be great for Canada if it gets built.

Title: What are good investments in the Age of Donald Trump?
Post by: JOE on December 09, 2016, 10:45:35 PM

....I was going to start buying gold myself.

I figger with all the money the US will be forced to print due to the Trump deficits, gold is sure to skyrocket in value one day.

How about Oil stocks? will that be good bet too?

Anyone else with other suggestions?

Seoulbro? What do you think?

Title: Re: What are good investments in the Age of Donald Trump?
Post by: Anonymous on December 09, 2016, 10:47:31 PM

~~Quote from: "JOE"~~...I was going to start buying gold myself.

I figger with all the money the US will be forced to print due to the Trump deficits, gold is sure to skyrocket in value one day.

Oil stocks will be good too as well.

Anyone else with other suggestions?

Seoulbro? What do you think?

You should ask this in Seoul's thread JOE?

Title: Re: What are good investments in the Age of Donald Trump?
Post by: Anonymous on December 09, 2016, 10:59:20 PM

~~Quote from: "JOE"~~....I was going to start buying gold myself.

I figger with all the money the US will be forced to print due to the Trump deficits, gold is sure to skyrocket in value one day.

How about Oil stocks? will that be good bet too?

Anyone else with other suggestions?

Seoulbro? What do you think?

There you go Joe. You wanted to ask the Seoul brother a question, so I know you meant to ask him in his thread. You are welcome. ac_biggrin

Title: Re: Money Sense
Post by: Angry White Male on December 09, 2016, 11:21:45 PM

(Physical) Gold as investment:

Pros:

No capital gains tax, as they generally can't prove what you paid for it.

It's shiny.

Cons:

Doesn't pay dividends.

Potential for theft if people know you have it.

Title: Re: What are good investments in the Age of Donald Trump?
Post by: Anonymous on December 11, 2016, 07:22:33 AM

~~Quote from: "JOE"~~....I was going to start buying gold myself.

I figger with all the money the US will be forced to print due to the Trump deficits, gold is sure to skyrocket in value one day.

How about Oil stocks? will that be good bet too?

Anyone else with other suggestions?

Seoulbro? What do you think?

The US added more red ink under Obama than any other president, but stocks have been the best performers. That was mostly due to Chinese demand and overvaluation rather than a reflection of specific policy. So far the Dow is getting a Trump bump.

I expect interest rates in Canada and the US to part ways in 2017. Besides US currency, banks will be a good bet as rates rise South of the border. I like Citigroup.Trump is proposing the biggest stimulus spending program since FDR, so companies like Pentair are a good choice.

On the tech side I like Palo Alto Networks and Check Point Software Technologies.

For healthcare, give me Varian Medical Systems and United Health Group.

Energy and gold mining, I like Suncor as they continue to pare their break even point down to $24 per barrel and lower. Gold miner Newmont mining has cut its costs by about a third in recent years, so they are a good pick.

Title: Re: What are good investments in the Age of Donald Trump?
Post by: Anonymous on December 11, 2016, 02:01:48 PM

~~Quote from: "seoulbro"~~
~~Quote from: "JOE"~~....I was going to start buying gold myself.

I figger with all the money the US will be forced to print due to the Trump deficits, gold is sure to skyrocket in value one day.

How about Oil stocks? will that be good bet too?

Anyone else with other suggestions?

Seoulbro? What do you think?

The US added more red ink under Obama than any other president, but stocks have been the best performers. That was mostly due to Chinese demand and overvaluation rather than a reflection of specific policy. So far the Dow is getting a Trump bump.

I expect interest rates in Canada and the US to part ways in 2017. Besides US currency, banks will be a good bet as rates rise South of the border. I like Citigroup.Trump is proposing the biggest stimulus spending program since FDR, so companies like Pentair are a good choice.

On the tech side I like Palo Alto Networks and Check Point Software Technologies.

For healthcare, give me Varian Medical Systems and United Health Group.

Energy and gold mining, I like Suncor as they continue to pare their break even point down to $24 per barrel and lower. Gold miner Newmont mining has cut its costs by about a third in recent years, so they are a good pick.

Are you just an investor or do you work in the investment field?

Title: Re: What are good investments in the Age of Donald Trump?
Post by: Anonymous on December 12, 2016, 07:55:43 PM

~~Quote from: "iron horse jockey"~~
~~Quote from: "seoulbro"~~
~~Quote from: "JOE"~~....I was going to start buying gold myself.

I figger with all the money the US will be forced to print due to the Trump deficits, gold is sure to skyrocket in value one day.

How about Oil stocks? will that be good bet too?

Anyone else with other suggestions?

Seoulbro? What do you think?

The US added more red ink under Obama than any other president, but stocks have been the best performers. That was mostly due to Chinese demand and overvaluation rather than a reflection of specific policy. So far the Dow is getting a Trump bump.

I expect interest rates in Canada and the US to part ways in 2017. Besides US currency, banks will be a good bet as rates rise South of the border. I like Citigroup.Trump is proposing the biggest stimulus spending program since FDR, so companies like Pentair are a good choice.

On the tech side I like Palo Alto Networks and Check Point Software Technologies.

For healthcare, give me Varian Medical Systems and United Health Group.

Energy and gold mining, I like Suncor as they continue to pare their break even point down to $24 per barrel and lower. Gold miner Newmont mining has cut its costs by about a third in recent years, so they are a good pick.

Are you just an investor or do you work in the investment field?

both

Title: Re: Money Sense
Post by: Thiel on December 20, 2016, 03:23:26 PM

It's going to be a good time to own US dollars.

Title: Re: Money Sense
Post by: Anonymous on January 02, 2017, 07:58:14 PM

If Fash or kiebers thinks there are too many stickied threads, I am fine with putting this one back into general population. I can always bump it when I have something to add.

Title: Re: Money Sense
Post by: Anonymous on January 02, 2017, 09:04:53 PM

~~Quote from: "seoulbro"~~If Fash or kiebers thinks there are too many stickied threads, I am fine with putting this one back into general population. I can always bump it when I have something to add.

I would like some more input first, especially from mods.

Title: Re: Money Sense
Post by: Anonymous on January 02, 2017, 09:40:12 PM

~~Quote from: "Fashionista"~~
~~Quote from: "seoulbro"~~If Fash or kiebers thinks there are too many stickied threads, I am fine with putting this one back into general population. I can always bump it when I have something to add.

I would like some more input first, especially from mods.

Sure, release it.

Title: Re: Money Sense
Post by: cc on January 06, 2017, 01:17:46 PM

Not that actual high number or breaking 20,000 really matters, but as matter of interest Dow just went to 19,993+ today

then, pulled back single digits

shy maybe?

Edit - 1045 Pacific time - 19,995.40 ... . now falling back a bit

one hr to go today, falling to 19,975 @ 12.30 our time

Title: Re: Money Sense
Post by: Anonymous on January 06, 2017, 03:08:40 PM

~~Quote from: "cc la femme"~~Not that actual high number or breaking 20,000 really matters, but as matter of interest Dow just went to 19,993+ today

then, pulled back single digits

shy maybe?

Edit - 1045 Pacific time - 19,995.40 ... . now falling back a bit

Damn. Gotta go out for accountant appointment

It is inflated and will fall back.

Title: Re: Money Sense
Post by: cc on January 06, 2017, 03:34:12 PM

yes. greatly inflated I think

As to landmark number, seems everyone afraid to buy as it traditionally falls quite a bit after a landmark is crossed

Title: Re: Money Sense
Post by: Anonymous on January 06, 2017, 04:42:53 PM

~~Quote from: "cc la femme"~~yes. greatly inflated I think

As to landmark number, seems everyone afraid to buy as it traditionally falls quite a bit after a landmark is crossed

I did not buy any stocks today, that is for sure.

Title: Re: Money Sense
Post by: Anonymous on January 06, 2017, 05:44:57 PM

~~Quote from: "cc la femme"~~Not that actual high number or breaking 20,000 really matters, but as matter of interest Dow just went to 19,993+ today

then, pulled back single digits

shy maybe?

Edit - 1045 Pacific time - 19,995.40 ... . now falling back a bit

one hr to go today, falling to 19,975 @ 12.30 our time

It was based on December job growth which slowed from the previous month, but wages posted their biggest annual gain in more than seven years.

Title: Re: Money Sense
Post by: Angry White Male on January 13, 2017, 01:31:36 AM

Tossed $5,500 into my TFSA... Sold Barrick Gold (underperforming, shit dividends).

Topped up three of my other holdings with the proceeds: Enbridge, Bank of Montreal, and Toronto Dominion bank.

Bell Canada has some nice dividends... Maybe next year when I can top up TFSA again.

Title: Re: Money Sense
Post by: Anonymous on January 25, 2017, 02:46:09 PM

How Trump helped the Dow hit 20,000

http://www.cnbc.com/2017/01/25/how-trump-helped-the-dow-hit-20000.html

High hopes for a business-friendly Donald Trump White House helped the Dow crack the 20K milestone, and market watchers think the president's policy can keep stocks humming even as concerns about prices rise.

The industrial average has now topped 20,000, rising 9 percent since its close on Election Day. Stronger U.S. economic data and optimism about Trump's business policy, among other factors, have pushed not only the Dow, but also the other major averages and small-cap stocks, higher in that time.

Title: Re: Money Sense
Post by: RW on February 08, 2017, 03:12:15 AM

seoul...do you have an opinion on bitcoin? I read it's going to become a legal currency in Japan. What would be the impact of that, if any?

Title: Re: Money Sense
Post by: Thiel on February 08, 2017, 09:58:59 PM

~~Quote from: "RW"~~seoul...do you have an opinion on bitcoin? I read it's going to become a legal currency in Japan. What would be the impact of that, if any?

That's surprising because Japan has always been a bit cool to cryptocurrencies. I would like to read more about what Japan has in mind. I was in Japan not that long ago.

Title: Re: Money Sense
Post by: Anonymous on February 08, 2017, 10:36:36 PM

~~Quote from: "Thiel"~~
~~Quote from: "RW"~~seoul...do you have an opinion on bitcoin? I read it's going to become a legal currency in Japan. What would be the impact of that, if any?

That's surprising because Japan has always been a bit cool to cryptocurrencies. I would like to read more about what Japan has in mind. I was in Japan not that long ago.

Thiel what do you do?

You seem to travel a lot.

Title: Re: Money Sense
Post by: Thiel on February 08, 2017, 11:14:24 PM

~~Quote from: "Fashionista"~~
~~Quote from: "Thiel"~~
~~Quote from: "RW"~~seoul...do you have an opinion on bitcoin? I read it's going to become a legal currency in Japan. What would be the impact of that, if any?

That's surprising because Japan has always been a bit cool to cryptocurrencies. I would like to read more about what Japan has in mind. I was in Japan not that long ago.

Thiel what do you do?

You seem to travel a lot.

I am the sole proprietor of a company with international orders, both as a buyer and seller.

Title: Re: Money Sense
Post by: Wambo Rong on February 09, 2017, 03:18:58 AM

to bring my head into context what are you buying and selling to who theil?

Title: Re: Money Sense
Post by: Anonymous on February 09, 2017, 08:00:00 PM

~~Quote from: "RW"~~seoul...do you have an opinion on bitcoin? I read it's going to become a legal currency in Japan. What would be the impact of that, if any?

I thought Japan made a legal distinction between virtual currency and currency in the new regulations?

Title: Re: Money Sense
Post by: Anonymous on February 22, 2017, 03:24:50 PM

Restaurant Brands International Inc. agreed to buy Popeyes Louisiana Kitchen Inc. for about US$1.8 billion, adding a fried-chicken chain to its lineup of burgers and doughnuts.

The cash offer of US$79 a share represents a 19 per cent premium to Popeyes' closing price on Friday. The deal is expected to close by early April, the companies said.

Spicy flavors, chicken and rice tend to travel well

The acquisition would be the first major deal for Restaurant Brands, which was formed in the 2014 merger of Burger King and Tim Hortons. The company's managers have long said they would consider taking over other brands, where they could boost profit by cutting costs and selling locations to franchisees. Restaurant Brands, backed by Brazilian private equity firm 3G Capital, also may look to expand the chain abroad.

"Restaurant Brands may be able to cut selling, general and administrative expenses in half in the next two years, and its private equity partners can boost international expansion as spicy flavors, chicken and rice tend to travel well," said Michael Halen, an analyst at Bloomberg Intelligence. "It fits right into the 3G playbook."

Restaurant Brands shares rose 5.4 per cent to US$56.80 at 9:33 a.m. in New York. The stock already was up 13 per cent this year through Friday. Popeyes surged 19 per cent to US$78.79.

Eight Years

Popeyes, which has more than 2,600 restaurants in the U.S. and 25 other countries, has performed well lately, with the stock gaining for eight years in a row. Chief Executive Officer Cheryl Bachelder has improved relationships with franchisees, sped up service times and played up the brand's New Orleans heritage with foods such as Magnolia Blossom Chicken. The chain will continue to be independently managed in the U.S., Restaurants Brands said.

he transaction is being paid for with cash on hand and a financing commitment from JPMorgan Chase & Co. and Wells Fargo & Co. The company was advised by Paul, Weiss, Rifkind, Wharton & Garrison. Popeyes received financial advice from UBS AG and Genesis Capital and got legal counsel from King & Spalding.

http://business.financialpost.com/news/retail-marketing/tim-hortons-owner-nears-deal-to-buy-popeyes-to-tap-growing-appetite-for-chicken-sources-say

Title: Re: Money Sense
Post by: Anonymous on April 06, 2017, 08:04:02 PM

Canada's first marijuana themed exchange traded fund gained in early trading on Wednesday morning. The Horizons Medical Marijuana Life Sciences ETF is the first fund to provide diversified exposure to US and Canadian listed stocks that are involved with medical marijuana bioengineering and production

But, David Berman wrote today in the Globe and Mail that that the buzz surrounding it may be limited.

Title: Re: Money Sense
Post by: Angry White Male on April 17, 2017, 12:31:52 AM

Ya, I was tempted to look into Weed stocks, but I will definitely hold off on any of them until I see how things operate here long-term...

Title: Re: Money Sense
Post by: Anonymous on April 17, 2017, 11:36:39 AM

~~Quote from: "Angry White Male"~~Ya, I was tempted to look into Weed stocks, but I will definitely hold off on any of them until I see how things operate here long-term...

Presently, I am not bullish about any of them becoming blue chip.

Title: Re: Money Sense
Post by: Anonymous on May 08, 2017, 09:41:49 PM

Our currency continues it's slide even though Ottawa touts sustained job growth and possibly a first quarter GDP of four per cent. Very misleading and the growth is very temporary. Wage growth in Canada is flat and most of the jobs being created are of low quality.

The recent jump in exports will add to GDP growth in the first quarter. Yet the gains likely were transitory. Canada benefited from increased shipments of natural gas because of unusually cold weather in the U.S. Northeast; a jump in orders for coal from Asia because Australia was swamped by a cyclone; and strong demand for lentils from India, a country which is determined to become self-sufficient in the staple. In the months ahead, tariffs on lumber exports to the U.S. will bite, while uncertainty over trade policy and a national carbon tax will continue to impede investment.

Title: Re: Money Sense
Post by: Anonymous on May 17, 2017, 10:23:16 PM

he U.S. stock market Wednesday booked its worst daily decline in months, as concerns about President Donald Trump's FBI controversy weighed on investor sentiment. The Dow Jones Industrial Average shed 1.8% at 20,606, its sharpest decline since Sept. 9, according to FactSet data. The S&P 500 index SPX, -1.82% ended off 1.8% at 2,357, also marking its worst daily drop since Sept. 9. Meanwhile, the technology-laden Nasdaq Composite Index coughed up 2.6% at 6,011, its steepest one-day fall since June 24, the day after U.K. citizens voted to exit from the European Union. The downdraft came on a so-called risk-off day for Wall Street, in which haven assets like the 10-year Treasury note [BX: TMUBMUSD10Y] drew bidders and pushed yields, which move inversely to prices, firmly lower. The 10-year Treasury note was off 10 basis points at 2.22%, and gold futures GCM7, +0.05% another flight-to-safety security, settled sharply higher at $1,258.70 an ounce, representing its highest level in May. Weakness came after the New York Times late Tuesday reported that Trump in February asked the then–director of the Federal Bureau of Investigation, James Comey, to stop his investigation into former national-security adviser Michael Flynn. The report cited a memo from Comey. That has raised questions about the president's ability to pursue the pro-market policies whose prospects for implementation have driven stocks to record levels.

http://www.marketwatch.com/story/dow-sp-500-nasdaq-on-track-for-worst-daily-tumble-in-8-weeks-2017-05-17

The media sensation over Comey's dismissal and the ridiculous sharing intel with Russia is now having an on the markets. The Trump bump was based on the president's proposed pro growth agenda. These Obama appointee leaks are raising doubt Republicans will pass his policies.

Title: Re: Money Sense
Post by: Anonymous on June 21, 2017, 03:01:09 PM

Oil's continued decline is weighing on the TSX.

Trading is being hit by a massive supply overhang and evidence that global supplies still exceed demand, keeping prices under pressure.

While private sector data published yesterday showed US crude reserves fell by 2.7 million barrels last year - which, if confirmed by US regulatory figures today, would mark the tenth fall in 11 weeks - the oil price is unmoved.

In addition, while the Opec deal has been extended, Nigeria and Libya, both exempt from the deal, are increasing production and exports have fallen less than headline output cuts suggest.

US shale oil output is also rising, with new drilling wells rising for 22 consecutive weeks.

The future might be bright for oil prices but the present is not.

Title: Re: Money Sense
Post by: Anonymous on July 17, 2017, 09:24:43 PM

Housing sales were at their lowest in seven years. The average house price across Canada was $504K. Take away Toronto and Vancouver and that price falls to $394k.

Title: Re: Money Sense
Post by: Anonymous on July 17, 2017, 10:29:43 PM

~~Quote from: "seoulbro"~~Housing sales were at their lowest in seven years. The average house price across Canada was $504K. Take away Toronto and Vancouver and that price falls to $394k.

I'm worried about a hard landing for Canadian real estate.

Title: Re: Money Sense
Post by: Anonymous on July 17, 2017, 11:12:10 PM

~~Quote from: "Fashionista"~~
~~Quote from: "seoulbro"~~Housing sales were at their lowest in seven years. The average house price across Canada was $504K. Take away Toronto and Vancouver and that price falls to $394k.

I'm worried about a hard landing for Canadian real estate.

A large chunk of the growth in the Canadian economy since Trudeau came to office has been due to equity in property and consumer debt. It hasn't come from a roaring resource and manufacturing sector. Interest rates are rising as are consumer and public debt levels. This is not going to end well.

Title: Re: Money Sense
Post by: Anonymous on July 17, 2017, 11:40:56 PM

~~Quote from: "seoulbro"~~
~~Quote from: "Fashionista"~~
~~Quote from: "seoulbro"~~Housing sales were at their lowest in seven years. The average house price across Canada was $504K. Take away Toronto and Vancouver and that price falls to $394k.

I'm worried about a hard landing for Canadian real estate.

A large chunk of the growth in the Canadian economy since Trudeau came to office has been due to equity in property and consumer debt. It hasn't come from a roaring resource and manufacturing sector. Interest rates are rising as are consumer and public debt levels. This is not going to end well.

Our house is paid off next month..

That's a major accomplishment for us, but a housing correction equal to the one the USA had would be raining cats and dogs on our parade.

Title: Re: Money Sense
Post by: Anonymous on July 18, 2017, 05:38:11 PM

~~Quote from: "Fashionista"~~
~~Quote from: "seoulbro"~~
~~Quote from: "Fashionista"~~
~~Quote from: "seoulbro"~~Housing sales were at their lowest in seven years. The average house price across Canada was $504K. Take away Toronto and Vancouver and that price falls to $394k.

I'm worried about a hard landing for Canadian real estate.

A large chunk of the growth in the Canadian economy since Trudeau came to office has been due to equity in property and consumer debt. It hasn't come from a roaring resource and manufacturing sector. Interest rates are rising as are consumer and public debt levels. This is not going to end well.

Our house is paid off next month..

That's a major accomplishment for us, but a housing correction equal to the one the USA had would be raining cats and dogs on our parade.

You can add in baseball sized hail if housing collapses and you still had a big mortgage.

Title: Re: Money Sense
Post by: Anonymous on July 28, 2017, 07:30:07 PM

Oil prices are pushing $50 per barrel again as supply tightens. Needless to say oilfield stocks had a good week.

Title: Re: Money Sense
Post by: Anonymous on August 04, 2017, 07:23:55 PM

The Canadian dollar softened against its US counterpart on Friday morning, pressured by losses in gold and natural gas.

Canada's trade deficit widened in the month of June, compared to the month previous. Exports declined due to fewer shipments of metals and energy. In June, exports fell by a hefty 4.3% to C$46.51 billion.

However, the country added a net 10,900 jobs in July, which met market expectations.

Title: Re: Money Sense
Post by: Anonymous on September 06, 2017, 09:23:43 PM

The Bank of Canada on Wednesday raised its target policy rate by 25 basis points to 1.0 per cent from 0.75 per cent.

After the central bank's move, Royal Bank said that it will increase its prime lending rate to 3.2 per cent from 2.95 per cent, effective Thursday. Bank of Montreal, TD Canada Trust, Bank of Nova Scotia and Canadian Imperial Bank of Commerce will also raise their prime lending rates to 3.2 per cent.

The Canadian dollar closed at a two year high of 81.54 cents against the US dollar. And WTI was up 50 cents to $49.16.

Title: Re: Money Sense
Post by: Anonymous on October 29, 2017, 10:25:27 PM

It's going to take more than the biggest stock slump in world history to convince analysts that PetroChina Co. has finally hit bottom.

en years after PetroChina peaked on its first day of trading in Shanghai, the state-owned energy producer has lost about $800 billion of market value -- a sum large enough to buy every listed company in Italy, or circle the Earth 31 times with $100 bills.

In current dollar terms, it's the world's biggest-ever wipeout of shareholder wealth. And it may only get worse. If the average analyst estimate compiled by Bloomberg proves right, PetroChina's Shanghai shares will sink 16 percent to an all-time low in the next 12 months.

The stock has been pummeled by some of China's biggest economic policy shifts of the past decade, including the government's move away from a commodity-intensive development model and its attempts to clamp down on speculative manias of the sort that turned PetroChina into the world's first trillion-dollar company in 2007.

Throw in oil's 44 percent drop over the last 10 years and Chinese President Xi Jinping's ambitious plans to promote electric vehicles, and it's easy to see why analysts are still bearish. It doesn't help that PetroChina shares trade at 36 times estimated 12-month earnings, a 53 percent premium versus global peers.

"It's going to be tough times ahead for PetroChina," said Toshihiko Takamoto, a Singapore-based money manager at Asset Management One, which oversees about $800 million in Asia. "Why would anyone want to buy the stock when it's trading for more than 30 times earnings?"

https://www.msn.com/en-ca/money/markets/the-biggest-stock-collapse-in-world-history-has-no-end-in-sight/ar-AAucvzN?li=AAggNb9&ocid=mailsignout

Title: Re: Money Sense
Post by: Anonymous on November 16, 2017, 12:31:04 AM

At the start of November 16.

Market   Last   Change

DJIA   23271.28   -138.19

NASDAQ   6706.21   -31.66

S&P500   2564.62   -14.25

S&PTSX   15878.48   -34.65

S&PTSX60   941.71   -1.57

S&PTSXV   791.62   -3.33

Gold (US$)   1276.20   -1.50

Oil (US$)   55.58   + 0.06

CAD/USD   0.7831   -0.0004

USD/CAD   1.2769   + 0.0003

TSX / S&P Indexes

Sector   Last   Change

Con. Staples   551.93   +1.86

Con. Disc.   208.56   -0.80

Energy   192.22   -1.03

Financials   304.06   +0.14

Health Care   75.06   -1.70

Industrials   232.45   -1.53

I.T.   64.10   0.00

Materials   235.61   -0.09

Real Estate   301.50   -1.71

Telecom   174.95   -0.39

Utilities   251.12   -0.41

Gold   193.89   +0.33

Title: Re: Money Sense
Post by: Anonymous on December 02, 2017, 12:56:15 AM

The Canadian dollar, oil and gold were all up today. I expect the Dow to sink as the circus around the Russia collusion thing will reach fever pitch as Flynn testifies.

Title: Re: Money Sense
Post by: cc on December 08, 2017, 05:30:28 PM

souel: my accountant tells me that corporate accumulated expenses can now go back 20 years for tax purposes.

My understanding was 10 years but she said it had been changed in about 05

Does that stack up to you?

I also expect that Shareholder loans never still date?

Title: Re: Money Sense
Post by: Angry White Male on December 09, 2017, 03:47:40 AM

~~Quote from: "cc"~~I also expect that Shareholder loans never still date?

I can't answer the other question, but shareholder loans don't date, as far as I know.

So, if you loaned your company, say, $1,000,000, but 'paid' yourself back $100,000/year, that would be 10 years of repayment, which would not be taxed.

Title: Re: Money Sense
Post by: Anonymous on December 09, 2017, 03:32:05 PM

~~Quote from: "cc"~~souel: my accountant tells me that corporate accumulated expenses can now go back 20 years for tax purposes.

My understanding was 10 years but she said it had been changed in about 05

Does that stack up to you?

I also expect that Shareholder loans never still date?

You can carry a non-capital loss arising in tax years ending after 2005, back 3 years and forward 20 years. However, this extension does not apply to a non-capital loss resulting from an allowable business investment loss.

If you borrow funds from your company and don't repay it within one year, the CRA can assess the outstanding balance as ordinary income at an income tax rate similar to that of a salary. The catch is that your corporation isn't allowed to claim this as an expense the way they would if it was a salary – you're effectively double taxed.

For example, if you borrow or withdraw $50,000 throughout the year, without declaring a salary or dividend, the CRA could effectively call this income meaning that you'll pay about $9,000 in income taxes and your corporation will pay about $7,500 in taxes, roughly $6,000 more than if you declared dividend or were paid a salary.

Title: Re: Money Sense
Post by: cc on December 11, 2017, 06:22:03 PM

Thanks

Specifically what I meant about Shareholder Loans was, if I loan the company interest-free money to operate, can I take it back at ANY time in the future without it being taxable for company or myself?

Title: Re: Money Sense
Post by: Anonymous on December 13, 2017, 12:42:19 PM

~~Quote~~can I take it back at ANY time in the future without it being taxable for company or myself?

It depends. Under tax law this too may end up being considered as income in the year the loan was made. The general rule is that if a withdrawal from a corporation, designated as a shareholder loan, is repaid within one year from the end of the taxation year of the corporation, that is the taxation year in which the loan was made, it will not be included in the income of the borrower.

Title: Re: Money Sense
Post by: Anonymous on January 04, 2018, 07:49:56 PM

The Dow Jones closed above 25,000 today. That is three times what it was ten years ago during the financial crisis.

The United States added 250,000 private sector jobs last month alone. Deregulation and lower taxes have added rocket fuel to the American economy. Trump is the most unconventional and more controversial presidents, but Americans are better off since he became president. And I am now a convert to his policies.

Title: Re: Money Sense
Post by: Anonymous on January 04, 2018, 07:52:22 PM

The Dow Jones closed above 25,000 today. That is three times what it was ten years ago during the financial crisis.

The United States added 250,000 private sector jobs last month alone. Deregulation and lower taxes have added rocket fuel to the American economy. Trump is the most unconventional and more controversial presidents, but Americans are better off since he became president. And I am now a convert to his policies.

Title: Re: Money Sense
Post by: Anonymous on February 03, 2018, 07:19:01 PM

The markets had their worst week since Brexit. Here are some of the reasons why.

1. Concerns that the Fed will raise rates

Stocks have been rising steadily since the election in part because the economy is so strong. Unemployment is historically low, and there are more open jobs than people to fill them.

Companies are starting to pay workers more to retain existing employees and attract new hires. Businesses will eventually have to raise prices on the stuff they sell to afford their growing payrolls. In economics, that's called inflation.

Though the economy has been growing steadily for almost nine years, inflation has remained stubbornly and mysteriously low. The Federal Reserve combats inflation by raising its interest rates. The central bank has been unable to significantly raise its interest rates over the past decade, fearing it could stymie the economic recovery and perhaps cause prices to fall.

The Fed planned on raising interest rates slowly this year -- just three times in 2018. But if inflation picks up, the Fed could raise rates more often and more steeply than it had planned.

2. Rising interest rates

3. Worries about the bond market

Stocks have also been on a tear because they have been one of the only investments with a decent return. U.S. Treasury bond yields have been so low that many stock dividends are paying better.

But stocks are a higher-risk investment than bonds, which are backed by the United States Treasury. If bond yields start to rise, investors will want to take some of their money out of stocks and put it into safer bonds.

Sure enough, bond yields hit a four-year high Friday. The recent tax bill has forced the Treasury to borrow more money, which will put more bonds into play. A supply glut could devalue bonds. Prices and yields move in opposite directions, and bond buyers will want a higher yield (and lower price) to make it worth their investment.

Inflation is bad for bonds, too. If borrowing costs increase, bond investors will want more return -- a higher yield.

Attractive yields on a safer investment have made stocks suddenly less attractive.

4. Ugly politics

Politics has played a part in stocks' steady march higher, too. The Republican tax cut is great for corporate profits. Investors have rewarded companies' promises of bigger stock buybacks and dividends by raising their stock prices. Business confidence is on the rise, in part thanks to the Trump administration's push to cut regulation.

On Friday, the controversial release of a once-classified memo about the Russia investigation gave investors pause. Turmoil in Washington could be bad for business. It could create a logjam in Congress.

It's not top of mind for investors, but it's adding to their concerns.

5. Too far, too fast

Stocks have been rising pretty much in a straight line since November 2016, and that's not exactly healthy. Stock market analysts believe the stock market is long overdue for a 5% pullback or even a 10% correction.

A cooling-off period would be a good thing. It would make stocks cheaper and more attractive to investors, especially if the underlying companies are healthy, cranking out strong sales and profits.

The market finally began to come down to earth -- just a bit -- this week, and investors wonder whether this is the beginning of a correction. There could be a little groupthink taking place in the downturn.

Title: Re: Money Sense
Post by: Anonymous on February 05, 2018, 09:23:17 PM

The Dow closed 1175 points lower today, it's biggest one day loss ever. But not in the top one hundred percentage wise. The TSE closed 271 points lower.

Friday's US jobs report sparked worries over the prospects for inflation and a surge in bond yields, as well as concerns the Federal Reserve will raise rates at a faster pace than expected.

Title: Re: Money Sense
Post by: Anonymous on February 05, 2018, 09:52:25 PM

My husband just put more of his RRSP's into mutual funds.

:sad:

Do you think a big correction is coming Seoul?

Title: Re: Money Sense
Post by: Anonymous on February 05, 2018, 10:13:37 PM

~~Quote from: "Fashionista"~~My husband just put more of his RRSP's into mutual funds.

:sad:

Do you think a big correction is coming Seoul?

I can't count how many calls and emails I got today asking me that same question. I would be lying if I said I knew the answer. But, what I can tell you is I don't see a muti quarter drop at this point. Fourth quarter earnings are solid.

Title: Re: Money Sense
Post by: Anonymous on February 08, 2018, 03:51:37 PM

Another wild day on the markets and it's not over yet.

The Dow has dropped as much as 680 points on Thursday, primarily because of concerns about the bond market and inflation.

Stocks have swung wildly over the past week. The Dow traded up and down in a 1,900-point range this month alone.

Here's what's driving the volatility.

1.Concerns about inflation ...

Stocks had been rising steadily since the election in part because the economy is so strong. Unemployment is historically low, and there are more open jobs than people to fill them.

Companies are starting to pay workers more to retain existing employees and attract new hires. Businesses will eventually have to raise prices on the stuff they sell to afford their growing payrolls.

Though the economy has been growing steadily for almost nine years, price inflation has remained stubbornly and mysteriously low.

The Federal Reserve combats inflation by raising its interest rates. The central bank has been unable to significantly raise its interest rates over the past decade, fearing it could stymie the economic recovery and perhaps cause prices to fall.

The Fed planned on raising interest rates slowly this year -- just three times in 2018. But if inflation picks up, the Fed could raise rates more often or more steeply than it had planned.

Related: Dow plunges 1,175 -- worst point decline in history

2. ... and interest rates

When the Fed raises rates, the cost of borrowing money increases. That means companies have to pay more for their loans, which cuts into corporate profits. It also means Americans will pay more for mortgages and loans.

Another reason the stock market has risen so much over the past year has been the steady growth in corporate profits. Companies are healthy, and investors have rewarded them by pushing up their stock prices.

When interest rates rise sharply, stocks often fall. Investors worry that businesses' profit parade will slow down.

3. Worries about the bond market

Stocks have also been on a tear because they have been one of the only investments with a decent return. U.S. Treasury bond yields have been so low that many stock dividends are paying better.

But stocks are a higher-risk investment than bonds, which are backed by the United States Treasury. If bond yields start to rise, investors will want to take some of their money out of stocks and put it into safer bonds.

Sure enough, bond yields hit a four-year high Thursday. The recent tax bill has forced the Treasury to borrow more money, which will put more bonds into play. A supply glut could devalue bonds. Prices and yields move in opposite directions, and bond buyers will want a higher yield (and lower price) to make it worth their investment.

Inflation is bad for bonds, too. If borrowing costs increase, bond investors will want more return -- a higher yield.

Attractive yields on a safer investment have made stocks suddenly less attractive.

4. Too far, too fast

Stocks have been rising pretty much in a straight line since November 2016, and that's not exactly healthy. Stock market analysts believe the stock market is long overdue for a 5% pullback or even a 10% correction.

A cooling-off period would be a good thing. It would make stocks cheaper and more attractive to investors, especially if the underlying companies are healthy, cranking out strong sales and profits.

The market finally began to come down to earth -- just a bit -- and investors wonder whether this is a much-needed correction or the beginning of a bear market. There could be a little groupthink taking place in the downturn.

Title: Re: Money Sense
Post by: Anonymous on February 08, 2018, 09:10:21 PM

The Dow plunged over one thousand points lower today. The Dow is 10 per cent below the record high it set just two weeks ago, putting it in what is known on Wall Street as a "correction."

Worries about inflation set the market rout in motion last Friday, and many market watchers have been predicting a pullback after the market's relentless march higher over the past year

The market fell steadily as Thursday wore on and is on track for its fifth loss in the last six days. Many of the companies that led the market's gains over the last year have struggled badly in the last week. Those including technology companies, banks, and retailers and travel companies and homebuilders.

Title: Re: Money Sense
Post by: Angry White Male on February 10, 2018, 02:50:33 AM

~~Quote from: "Fashionista"~~My husband just put more of his RRSP's into mutual funds.

:sad:

I hope he's maxed out his TFSA allowance?

You can have one also, right, which is considered separate.

Title: Re: Money Sense
Post by: Anonymous on February 10, 2018, 11:02:59 AM

~~Quote from: "Angry White Male"~~
~~Quote from: "Fashionista"~~My husband just put more of his RRSP's into mutual funds.

:sad:

I hope he's maxed out his TFSA allowance?

You can have one also, right, which is considered separate.

His company matches his RRSP contributions..

And yes, we have added to our TFSA's.

Title: Re: Money Sense
Post by: Angry White Male on February 12, 2018, 02:53:29 AM

Have you considered ETF's instead of mutual funds?

I won't fucking touch mutual funds, but there's some decent ETF's out there that can give you some nice reach, be it local or global, with less "operating expenses."

Title: Re: Money Sense
Post by: Anonymous on February 12, 2018, 07:48:30 PM

Canada's main stock index surged more than 200 points in a broad-based advance as U.S. stocks rallied for a second session in a row, erasing some of the massive losses suffered last week.

The S&P/TSX composite index advanced 207.35 points or 1.38 per cent to 15,241.88 on Monday, with materials and gold stocks leading the way.

In New York, the Dow Jones industrial average soared 410.37 points or 1.70 per cent to 24,601.27. The S&P 500 index was up 36.45 points or 1.39 per cent to 2,656.00, and the Nasdaq composite index was up 107.47 points or 1.56 per cent to 6,981.96.

On the commodities front, the March crude contract was up nine cents to $59.29 (U.S.) per barrel after sharp drops all of last week and the March natural gas contract was down three cents at $2.55 per mmBTU.

The April gold contract was up $10.70 to $1,326.40 an ounce and the March copper contract was up five cents to $3.09 a pound.

Title: Re: Money Sense
Post by: Anonymous on February 20, 2018, 03:23:19 PM

Trinidad Drilling, a drilling contractor I have worked with many times in the past is becoming the latest victim of Canada's anti industry stupidity. Trudeau and Notley's loss is a gain for American workers.

http://business.financialpost.com/pmn/business-pmn/trinidad-drilling-launches-strategic-review-including-possible-sale-of-company

ALGARY — Three weeks after announcing it would move two idle Canadian drilling rigs and three from Saudi Arabia to greener pastures in the United States, Trinidad Drilling Ltd. has put itself on the block.

The Calgary-based oil and gas drilling company said Tuesday it has appointed a committee to look at options including a corporate sale or merger because its share price doesn't reflect what it believes is its true value.

The news comes as Canada's oil and gas producers continue to budget for lower exploration and production spending this year than their American counterparts — Peters & Co. has estimated Canadian spending will fall six per cent this year while U.S. spending rises 14 per cent.

Winter is the most active season for Canada's drilling industry because the frozen ground permits access to more backcountry drilling sites.

In an interview in late January, Trinidad CEO Brent Conway said his American customers in the prolific Permian Basin in Texas are helping to pay relocation costs because they want to contract his rigs.

"What's happening in the U.S.? They're lowering taxes, they're building pipelines and they're starting to export oil," he said.

In Canada, he added, "we've raised taxes, we're increasing costs because of labour laws that are changing, we aren't building pipelines and we can't get federal or provincial governments to do anything to help us."

Title: Re: Money Sense
Post by: Anonymous on March 01, 2018, 11:42:49 PM

Dow plunges 420 points after Trump says tariffs are coming next week — with automakers and manufacturers getting hit the hardest

The Dow Jones industrial average plunged 420 points Thursday following an announcement by President Donald Trump that he would place new taxes on imported steel and aluminum. The index was down 589 points at its worst levels of the day.

The S&P 500 closed down 1.32%, making for the first time January 2016 that it fell more than 1% in three consecutive sessions. The Nasdaq 100 finished down 1.51%.

US Steel was one of the few stocks to stay in the green, gaining 5.75% on the news that foreign steel would be subject to a 25% import tax. Aluminum will be taxed at a 10% rate.

"Our Steel and Aluminum industries (and many others) have been decimated by decades of unfair trade and bad policy with countries from around the world," Trump tweeted Thursday morning. "We must not let our country, companies and workers be taken advantage of any longer. We want free, fair and SMART TRADE!"'

Speaking on CNBC, Dan DiMicco, former CEO of steel producer Nucor, said a $1,000-per-ton increase in the price of steel could raise the price of a car by $200 or more. Shares of the company gained 3%.

http://markets.businessinsider.com/news/stocks/dow-plunges-after-trump-says-tariffs-are-coming-next-week-2018-3-1017596059

I could understand tariffs on Chinese or Russian steel, but on Canadian steel and aluminum will cost Americans.

Title: Re: Money Sense
Post by: Anonymous on March 09, 2018, 09:51:45 PM

The Dow surged 441 points, or 1.8%, after the Labor Department reported that the economy gained 313,000 jobs in February. The Nasdaq closed at a record high, gaining 1.6%, and the S&P 500 climbed 1.4%.

Investors were watching the Labor Department's wage growth number closely.

"Overall the February jobs report is the best of both worlds -- strong job growth without accelerating wage inflation -- It's not too hot not too cold, a Goldilocks report," said Alec Young, managing director of Global Markets Research, FTSE Russell.

The Toronto Stock Exchange's S&P/TSX composite index ended the day 39.11 points, or 0.25 percent, higher at 15,577.81. It is up 1.26 percent for the week.

The Canadian economy added 15,400 jobs in February after a big loss in January, but full-time positions shrank and wage growth decelerated.

The 10 best performers on the index were dominated by energy and mining companies, including Pretium Resources, Detour Gold and Freehold Royalties.

Copper futures advanced 1.8 percent to $6,957.50 a tonne, while U.S. oil futures jumped 3.2 percent to $62.03 a barrel.

Gold futures reversed earlier losses to trade up 0.1 percent at $1,323.50 an ounce.

Title: Re: Money Sense
Post by: Angry White Male on March 24, 2018, 12:18:50 AM

Canadian stocks are underperforming big time. If it wasn't for the fact that most of my holdings pay dividends, I'd honestly be better with my cash sitting in a low interest savings account these days.

I don't know why things are so sluggish, but the solid growth of years ago seems destined to remain nothing but a memory.

Title: Re: Money Sense
Post by: Anonymous on March 24, 2018, 10:22:32 PM

~~Quote from: "Angry White Male"~~Canadian stocks are underperforming big time. If it wasn't for the fact that most of my holdings pay dividends, I'd honestly be better with my cash sitting in a low interest savings account these days.

I don't know why things are so sluggish, but the solid growth of years ago seems destined to remain nothing but a memory.

I know what you mean, our investments are not doing well wither.

Title: Re: Money Sense
Post by: Angry White Male on March 25, 2018, 04:32:38 PM

I'm trying to build up investments for retirement, but at this rate things won't be as good as they should be. And this is all across the board!

The only things gaining in value around here that I see, is real estate. In hindsight, I should have bought a second condo and rented it out, as the gains would have been good. Of course, you now deal with renters, but they cannot all be scum trash...

Title: Re: Money Sense
Post by: Anonymous on March 25, 2018, 04:38:11 PM

~~Quote from: "Angry White Male"~~I'm trying to build up investments for retirement, but at this rate things won't be as good as they should be. And this is all across the board!

The only things gaining in value around here that I see, is real estate. In hindsight, I should have bought a second condo and rented it out, as the gains would have been good. Of course, you now deal with renters, but they cannot all be scum trash...

We're in the same boat Mel..

But, around here real estate is stagnant too.

Title: Re: Money Sense
Post by: Angry White Male on March 25, 2018, 05:48:42 PM

Winning the lottery seems to be the only solution these days. That, or high level drug dealing.

Title: Re: Money Sense
Post by: cc on March 27, 2018, 11:30:47 PM

Ya. We are focused more on coast area real estate of late for the reasons above .. seems the condo we got 3 yrs ago and live in has pretty much doubled to date

Those invested in US stocks a year ago + have done well though .. assuming they know when to bail

Title: Re: Money Sense
Post by: Anonymous on March 29, 2018, 07:06:11 PM

We are seeing the tech wreck. The FAANG(Facebook, Amazon, Apple, Netflix and Google) stocks in particular are leading the market treat. The tech sector long term is till positive.

Title: Re: Money Sense
Post by: Anonymous on April 05, 2018, 09:31:56 PM

The Dow Jones closed one per cent higher at 24,505.

Strength in the energy sector helped push Canada's main stock index to triple-digit gains Thursday as worries about a trade war between China and the United States eased.

In the end, the S&P/TSX composite index closed up 191.68 points or 1.26% at 15,356.05, led by energy and base metal

Title: Re: Money Sense
Post by: Anonymous on May 29, 2018, 04:17:01 PM

At 2:07 p.m. ET, the Dow Jones Industrial Average was down 463.02 points, or 1.87 per cent, at 24,293.40, the S&P 500 was down 4.20 points, or 1.48 per cent, at 2,680.98 and the Nasdaq Composite was down 60.68 points, or 0.82 per cent, at 7,372.70.

Political crisis in Italy triggered a rush to safe-haven assets as the prospects of a repeat election in euro zone's third largest economy raised doubts about the country's future in the economic bloc. Some major bank stocks sank as much as 5 per cent after JP Morgan corporate and investment bank chief Daniel Pinto suggested second-quarter markets revenue would be flat on the year, driving 1.7-per-cent and 1.2-per-cent falls in the Dow and the S&P, respectively.

Canada's main stock index also slipped lower on Tuesday due to losses in financial stocks led by Bank of Nova Scotia , which reported quarterly results.

The Toronto Stock Exchange's S&P/TSX composite index down 87.05 points, or 0.54 per cent, to 15,929.10.

The financials sector fell 1.7 per cent, dragged by a 3.6-per-cent fall in shares of Bank of Nova Scotia.

Shares of Toronto-Dominion Bank slipped 1.4 per cent and were the second biggest drag to the financials.

The energy sector climbed 0.6 per cent as Brent crude pared losses, triggered by expectations that Saudi Arabia and Russia could pump more crude to compensate for a potential supply shortfall.

Shares of Kinder Morgan Canada Ltd erased early gains and fell 1.8 per cent after the Canadian government said it will buy the Trans Mountain pipeline project for $4.5-billion.

The Canadian dollar weakened to a more than two-month low against its U.S. counterpart as oil prices fell and the greenback broadly rose, while investors weighed a decision by Canada's government to purchase a major oil pipeline project.

Title: Re: Money Sense
Post by: Anonymous on June 08, 2018, 07:55:41 PM

Dow posts best week since March as traders shake off G-7 trade jitters.

For the week, the Dow advanced 2.8%, its biggest weekly gain since March. The S&P gained 1.6% and the Nasdaq rose 1.2%. Both posted their third straight weekly gain.

Investors have been wise to not trade on trade talk and drama; we're in a war of words, but not a trade war. If that persists, then I'm not inclined to adjust our GDP or earnings estimates. Next week could be a different story, as investors digest both the entirety of the G-7 summit and the ECB meeting.

The TSX ended the week higher as well closing at 16,202.69. Oil ended the week lower with WTI at $65.56.

Title: Re: Money Sense
Post by: Anonymous on June 14, 2018, 10:42:28 AM

U.S. stock benchmarks ended near session lows Wednesday as the Federal Reserve completed its second increase to benchmark interest rates in 2018, as expected, but signaled a slightly more aggressive plan to tighten monetary policy this year than had previously been projected.

The rate increase also had the effect of narrowing a closely watched gap between rates of two-year and 10-year Treasury notes, which has recently been one of a strong predictor of recessions.

The Dow Jones Industrial Average DJIA, +0.11% slumped 119.53 points, or 0.5%, to 25,201.20.

Title: Re: Money Sense
Post by: Anonymous on July 26, 2018, 11:41:59 PM

Facebook stock drops roughly 20%, loses $120 billion in value after warning that revenue growth will take a hit

On Thursday, Facebook FB, -18.96% lost about $120 billion in market capitalization, after its earnings report after the market close on Wednesday missed expectations on revenue and showed slowing user growth. Weak guidance also rattled investors.

The stock closed down 19% Thursday to $176.26, which means that investors erased the entirety of the company's 2018 gains. Its market capitalization as of Wednesday: $630 billion. By the end of trading Thursday, it was worth $510 billion after close and 170 million shares had changed hands. Facebook's Thursday was the ugliest single-session decline since the company went public in 2012.

Facebook stock had recovered from a decline earlier this year in the wake of the Cambridge Analytica scandal, one of several controversies and warning signs that the company had managed to weather with little damage to its stock. But declining revenue and user growth, topped by a warning from executives that it will continue, seemed to end that run.

Title: Re: Money Sense
Post by: Chuck Bronson on July 27, 2018, 02:00:25 AM

Facebook had made some massive mistakes, so I'm not surprised...

Used to be when one browsed Facebook, posts would appear linearly, in the order that your 'friends' had posted them. There was no algorithm in place to restrict these posts, to 'jumble' them up, or to 'hide' them.

It was a fairly simple and straight forward approach, not unlike how these forums work.

Then they wanted you to see what they wanted you to see... Want to see more? 'Make' some new 'friends'... Wonder why that post from your 'friend' doesn't appear anymore? Don't think about that... Just keep posting, and let our algorithms work our magic.

It's a turnoff for me, although I still do log on from time to time. Nonetheless, I do not like, nor care for, any interference by any 'higher power.' Not on this forum, and not on Facebook.

Luckily they are one stock that I do not own... I already have a couple of stinker holdings, and don't need any more!

Title: Re: Money Sense
Post by: Anonymous on July 27, 2018, 11:36:52 PM

It was Twitter's turn today. Twitter's stock closed 20.5% on Friday after the company announced it lost 1 million active users. More user loss is predicted.

Title: Re: Money Sense
Post by: Anonymous on July 28, 2018, 10:59:40 AM

~~Quote from: "seoulbro"~~It was Twitter's turn today. Twitter's stock closed 20.5% on Friday after the company announced it lost 1 million active users. More user loss is predicted.

Oh my goodness..

I don't use Twitter, but it seems to be the main social media platform for news disemination or should I say disinformation.

Title: Re: Money Sense
Post by: Anonymous on August 10, 2018, 08:01:36 PM

Stocks fell, but finished off their session lows, to close the week as financial instability overseas raised anxieties about the disruption spreading to these shores. At the end of the day, the Dow Jones Industrial Average dropped 196 points; the NASDAQ declined 53 points; and the S&P 500 slipped 20 points. The broader market reflected the weakness in the major averages, as the number of declining issues outpaced gainers by nearly two to one on the New York Stock Exchange.

Turkey was at the center of the storm today, as its currency fell sharply and its bond yields skyrocketed. The Turkish lira had already faltered badly in recent months on fears that high inflation would not be properly addressed by monetary policy. Making the situation worse over the last day or so was the failure of talks between the United States and Turkey over the release of a political prisoner.

While Turkey in and of itself only represents a small portion of the global economy, the concern is that its difficulties are becoming symptomatic of other emerging markets. The strong, and rising, U.S. dollar is raising the specter of past unsettling currency moves.

The TSX ended the day down 90.47 points to close at 16, 326.41. West Texas Intermediate was up $1.05 US to close at $67.75.

Title: Re: Money Sense
Post by: Chuck Bronson on August 11, 2018, 10:39:48 PM

I had some Newalta shares, which recently were changed to Tervita, as they merged. When this merge happened, I was also issued a small amount of Tervita Trust Warrants.

Now here's the interesting thing with these trust warrants... They've gone up 63% in a matter of days, which was quite surprising to me. I know trust warrants can be risky, so I just bought about $1,000 worth of them. This should be good enough to get me in the game, without causing me too much grief should shit go south...

Title: Re: Money Sense
Post by: Chuck Bronson on August 13, 2018, 03:17:31 PM

This share went up 55% today. Maybe I should've thrown more than just a grand into this holding.

Title: Re: Money Sense
Post by: Anonymous on August 24, 2018, 11:25:06 PM

The TSX closed 29 points higher today to close at 16,356.05. Pot stocks were the leaders.

In New York, the Dow closed 133.37 points higher to close at 25,790.35. The Nasdaq added 67.52 points, or 0.9 percent, to 7,945.98. Its previous all-time high was set on July 25. The S&P 500 index gained 17.71 points, or 0.6 percent, to 2,874.69. It has now finished with a weekly gain in seven out of the last eight weeks.

Benchmark U.S. crude gained 1.3 percent to settle at $68.72 per barrel.

The CDN dollar was up slightly to close at .76749 US.

Title: Re: Money Sense
Post by: Anonymous on September 14, 2018, 07:33:53 PM

The Dow close the week up at 26,154.67

The Nasdaq at 8,010.04

Gold at $1,198.30

West Texas Intermediate was $68.98

The Canadian dollar was $.7673

Title: Re: Money Sense
Post by: Anonymous on September 23, 2018, 08:45:38 PM

According to Tim Shufelt Trump's trade war proves costly for investors, except in the United States. This is exactly what I have said what would happen. The US is winning the global investment race.

Title: Re: Money Sense
Post by: Anonymous on October 01, 2018, 11:52:23 PM

All North American indices performed well today on news of the new USMCA deal. WTI oil closed up over two dollars barrel at $75.52 mostly because of Iran sanctions.

Title: Re: Money Sense
Post by: Anonymous on October 01, 2018, 11:55:52 PM

I have beenrather skeptical of mary jane stocks.

The pot stock boom is about to bust

October 17 may be the beginning of the end for high-flying cannabis stocks

It's going to be an exciting month for pot smokers, cannabis companies and government tax collectors, but one group should temper their legalization day expectations: Canadian investors.

As everyone knows by now, pot stocks have soared over the last few years. The Marijuana Index, an index that tracks the shares of several cannabis companies, is up by about 573% since October 2015. That's been great for people who bought into the sector back then, but it's a problem for those who are thinking about getting in now or continue to hold stocks today.

Until now, most of the sector's gains have been driven by expectation – people think the cannabis industry is going to be huge, much like how people in 1999 were betting on an Internet boom. Unfortunately, there's going to be a lot of disappointed folks when, on October 17, the promise of pot becomes a reefer reality.

Sky high expectations

Whether the cannabis industry is going to be massive is not in question. Grand View Research estimates the legal marijuana industry will be worth $164 billion by 2025. What's problematic for investors is that it will still be years before these operations see any meaningful results.

Canada may be the first major country to legalize weed, but no company would bet their business on serving the Great White North alone. Statistics Canada expects $1 billion worth of legal marijuana to be sold in the fourth quarter this year, which is a fraction of the global sales potential. And, at this point, export potential is nearly non-existent.

Scott Willis, head of research at Grizzle, a cannabis-focused investment analysis firm, thinks that Canadian sales estimates are also too optimistic. He says people will continue buying their goods on the black market for at least another year. Why? Because dealers deliver, their product will be less expensive than what's sold in stores and with edibles still illegal until later in 2019, users still need their own supplier to access certain goods. "The black market already has this stuff and will deliver the same day," says Willis.

Then there's basic supply and demand fundamentals. For companies to make money – and not one is turning a profit – they must get this balance exactly right, which will be impossible to do in an industry that doesn't yet exist. It's lose-lose for producers, says Willis. If they don't ramp up production fast enough and can't make as much as planned, then earnings will fall. If they grow too much and demand isn't as great, then there will be oversupply and earnings will drop, too. "Everyone's promising that it will go perfectly," he says.

A cannabis crash

This wouldn't be such an issue if pot stocks were trading at reasonable valuations. Willis points out that booze companies are trading at about 10 times 2019's enterprise value-to-EBITDA, while tobacco operations are trading at 14 times 2019 EV-to-EBITDA. Cannabis companies, which he says should trade in line with other sin sectors, have a 2020 EV-to-EBITDA of between 20 and 45 times.

While these stocks could continue to climb higher in the days after legalization, they will eventually fall – by about 60%, he says, which is what has happened in the past. "The government has set expectations of what they think demand will be in the first three months," says Willis. "They'll then put out a press release in January saying what demand really was and if that misses, which is pretty likely, all the stocks will tank. People will be worried that the market isn't converting to legal as fast as they thought."

Once these stocks drop, it could take years before they rise again. After legalization investors will be – or should be – focused more on fundamentals than expectation and the fundamentals don't look so hot right now. Producers won't start turning a profit until at least the end of 2019, says Willis, and most need to find a way to get their cost of production down. The ones that can't will go out of business. As well, like other commodity industries, supply and demand must get in balance. Valuations, which have become so stretched, will overshoot on the downside.

All that said, if you're thinking about getting into this sector to ride the legalization wave, then you're too late. "If you see a stock going up 100% in one month probably then you probably don't want to be buying it," says Willis. "A lot of those gains have been realized."

While there is long-term potential, investors should wait at least a year before even considering buying into the sector. It's important to see how the industry evolves, how the demand picture looks, what other countries plan to legalize – this is key because, again, Canada can't be the only market – and how quickly people go from dealer to dispensary.

Wait until valuations drop to at least that 20 times level, says, but lower is even better. "It's going to be harder for expectations to be exceeded," says Willis, "but easy for people to be disappointed."

https://www.moneysense.ca/save/the-pot-stock-boom-is-about-to-bust/

Title: Re: Money Sense
Post by: Anonymous on October 04, 2018, 08:49:18 PM

Another strong year for Canada's second largest railway.

CALGARY - Canadian Pacific Railway Ltd. is raising its full-year financial guidance following what it called a record-setting third quarter and a strong outlook for the remainder of the year.

The railway says it now expects its adjusted earnings per share to grow by more than 20 per cent for the year, compared with earlier guidance for low-double digit growth.

In its preliminary third-quarter results, the company estimates revenue grew by 19 per cent to a record high of about $1.9 billion.

CP also expects its reported diluted earnings per share to be about $4.35 for the third quarter, while adjusted diluted earnings per share are expected to be about $4.10 — the highest in the company's history.

According to Thomson Reuters Eikon, analysts on average had expected CP to earn $3.64 per share in the quarter.

The railway's operating ratio for the quarter — a key measure of efficiency where a lower number is better — is expected to be under 58.5 per cent.

Title: Re: Money Sense
Post by: Anonymous on October 05, 2018, 08:29:08 PM

The S&P/TSX composite index closed down 60.50 points to 15,946.17, with most subindexes also falling.

In New York, the decline was steeper. The Dow Jones industrial average lost 180.43 points to 26,447.05. The S&P 500 index was down 16.04 points to 2,885.57, while the Nasdaq composite was off 91.06 points at 7,788.45.

The Canadian dollar traded at an average of 77.30 cents US, down from an average of 77.52 cents US on Thursday.

The November crude contract was up one cent at US$74.34 per barrel and the November natural gas contract was down 2.2 cents at US$3.14 per mmBTU.

The December gold contract was up $4 at US$1,205.60 an ounce and the December copper contract was down 1.45 cents at US$2.76 a pound.

Title: Re: Money Sense
Post by: Anonymous on October 18, 2018, 11:48:32 AM

MEG Energy rejects husky's $3.3Bn hostile takeover bid

CALGARY — MEG Energy Corp. says its board is unanimously recommending that shareholders reject Husky Energy Inc.'s $3.3-billion hostile takeover offer made on Oct. 2.

In a news release, the Calgary-based oilsands company says the offer "significantly undervalues" its shares and is not in the best interests of the company.

Husky is offering a combination of cash or shares worth $11 for each MEG share.

The maximum cash available under the deal is capped at $1 billion and the maximum number of shares limited to 107 million. Husky values the transaction at $6.4 billion, including the assumption of $3.1 billion in debt. MEG chairman Jeffrey Mccaig says Husky's offer doesn't recognize the value of MEG'S assets, technology, expertise and business prospects, noting that MEG Energy is at an "inflection point" with a lowrisk business plan that will generate significant free cash flow starting in 2019.

Husky says it took its proposal directly to shareholders because MEG'S board wouldn't discuss it. It says its offer is open until Jan. 16.

In its news release, MEG says it is producing 100,000 barrels per day of bitumen and has spent substantially all the capital required to increase production to 113,000 bpd by 2020.

Title: Re: Money Sense
Post by: Anonymous on November 02, 2018, 02:35:59 PM

A lot of Canada's economy is dependent on real estate and construction. As an example of the softening housing market across Canada, Sleep Country Canada's stock price is down about forty per cent over the last six months.

Title: Re: Money Sense
Post by: Anonymous on November 02, 2018, 02:42:35 PM

~~Quote from: "seoulbro"~~A lot of Canada's economy is dependent on real estate and construction. As an example of the softening housing market across Canada, Sleep Country Canada's stock price is down about forty per cent over the last six months.

The value of our house has dropped about $100,000 in the last five years..

While house prices in Calgary were too high, I want to see prices rising, even a little bit.

Title: Re: Money Sense
Post by: Anonymous on November 02, 2018, 03:52:29 PM

So many deeply indebted Canadians have all their financial eggs in their home. When a had landing comes, and it is coming, it will long term pain. And with the federal government declaring war on our resource sector, there will be nothing to save us.

Canada's Housing Market Ranked 3rd-Riskiest In World

Rapid house price growth and high debt levels mean Canada has a high chance of a correction, Oxford Economics says.

https://www.huffingtonpost.ca/2018/09/15/riskiest-housing-markets-canada_a_23528163/

Title: Re: Money Sense
Post by: Anonymous on November 23, 2018, 11:21:44 PM

Another bad day in a write off month on the markets. West Texas Intermediate had it's worse one day loss in over three years. It was down $4.24 to close at $50.39. Obviously energy stocks had a bad day in a bad month. But, so have tech stocks. Biomedical stocks were the only bright spot today and this week.

The Dow was down another 178.74 to close at 24.285.95. The TSX was 78.75 to close at 15,010.73. And CDN $ was basically unchanged at .7555

Title: Re: Money Sense
Post by: Anonymous on December 07, 2018, 11:32:19 PM

Conserns over trade relations between the U.S. and China remained at the fore. Things took a decided turn for the worse yesterday, after the U.S. requested the arrest of a top executive from one of China's leading technology companies citing a violation of sanctions on Iran. Today, two administration officials made opposing remarks regarding the progress of negotiations, leading to a further erosion of confidence that the ongoing tariff dispute was any closer to being resolved.

At the closing bell, the Dow 30 was down 559 points, or 2.2%, the S&P 500 was off by 63 (2.3%), and the tech-heavy NASDAQ fared the worst of the lot, tumbling 219 points (3.1%). The downturn was widespread, with declining issues outnumbering advancers by more than two-to-one. Most of the 10 major market sectors were firmly in the red, with the largest losses coming from technology (down 3.0%), consumer cyclicals (2.7%), and healthcare (2.3%). Utilities were the only group to finish on the positive side of the ledger, rising about one-third of a percent. Altogether, this marked the end of a difficult week for stocks, with declines in the key indexes ranging between 3.7% and 4.2%.

Elsewhere, oil prices showed some renewed life, with light sweet crude rising 2% to around $52.55 a barrel. The move came after OPEC and its allies announced that they had agreed to cut oil output by 1.2 million barrels a day. However, the commodity was still down nearly 15% over the past month. Part of this reflects increased output from the U.S., which recently surpassed Saudi Arabia as the largest oil producer.

The TSX had a horrible week for the same reasons as the Dow Jones and Nasdaq finishing the week at 14, 795.13, down another 141.87 today.

Title: Re: Money Sense
Post by: Anonymous on December 08, 2018, 02:12:37 AM

~~Quote from: "seoulbro"~~Conserns over trade relations between the U.S. and China remained at the fore. Things took a decided turn for the worse yesterday, after the U.S. requested the arrest of a top executive from one of China's leading technology companies citing a violation of sanctions on Iran. Today, two administration officials made opposing remarks regarding the progress of negotiations, leading to a further erosion of confidence that the ongoing tariff dispute was any closer to being resolved.

At the closing bell, the Dow 30 was down 559 points, or 2.2%, the S&P 500 was off by 63 (2.3%), and the tech-heavy NASDAQ fared the worst of the lot, tumbling 219 points (3.1%). The downturn was widespread, with declining issues outnumbering advancers by more than two-to-one. Most of the 10 major market sectors were firmly in the red, with the largest losses coming from technology (down 3.0%), consumer cyclicals (2.7%), and healthcare (2.3%). Utilities were the only group to finish on the positive side of the ledger, rising about one-third of a percent. Altogether, this marked the end of a difficult week for stocks, with declines in the key indexes ranging between 3.7% and 4.2%.

Elsewhere, oil prices showed some renewed life, with light sweet crude rising 2% to around $52.55 a barrel. The move came after OPEC and its allies announced that they had agreed to cut oil output by 1.2 million barrels a day. However, the commodity was still down nearly 15% over the past month. Part of this reflects increased output from the U.S., which recently surpassed Saudi Arabia as the largest oil producer.

The TSX had a horrible week for the same reasons as the Dow Jones and Nasdaq finishing the week at 14, 795.13, down another 141.87 today.

Our investments performed terribly this week.

:sad:

Title: Re: Money Sense
Post by: Anonymous on December 08, 2018, 12:46:21 PM

~~Quote from: "Fashionista"~~
~~Quote from: "seoulbro"~~Conserns over trade relations between the U.S. and China remained at the fore. Things took a decided turn for the worse yesterday, after the U.S. requested the arrest of a top executive from one of China's leading technology companies citing a violation of sanctions on Iran. Today, two administration officials made opposing remarks regarding the progress of negotiations, leading to a further erosion of confidence that the ongoing tariff dispute was any closer to being resolved.

At the closing bell, the Dow 30 was down 559 points, or 2.2%, the S&P 500 was off by 63 (2.3%), and the tech-heavy NASDAQ fared the worst of the lot, tumbling 219 points (3.1%). The downturn was widespread, with declining issues outnumbering advancers by more than two-to-one. Most of the 10 major market sectors were firmly in the red, with the largest losses coming from technology (down 3.0%), consumer cyclicals (2.7%), and healthcare (2.3%). Utilities were the only group to finish on the positive side of the ledger, rising about one-third of a percent. Altogether, this marked the end of a difficult week for stocks, with declines in the key indexes ranging between 3.7% and 4.2%.

Elsewhere, oil prices showed some renewed life, with light sweet crude rising 2% to around $52.55 a barrel. The move came after OPEC and its allies announced that they had agreed to cut oil output by 1.2 million barrels a day. However, the commodity was still down nearly 15% over the past month. Part of this reflects increased output from the U.S., which recently surpassed Saudi Arabia as the largest oil producer.

The TSX had a horrible week for the same reasons as the Dow Jones and Nasdaq finishing the week at 14, 795.13, down another 141.87 today.

Our investments performed terribly this week.

:sad:

A lot of this is the uncertainty around trade between the world's two biggest economies. But, we have had a very long bull run. Investors are anticipating a period of correction. Rising interest rates are not helping either.

Title: Re: Money Sense
Post by: Anonymous on December 27, 2018, 01:03:42 PM

The Dow Jones Industrial Average rose 1,086 points, gaining nearly 5 percent, the biggest point gain in history, Wednesday afternoon after a rough Christmas Day.

The Dow Jones also had the biggest upside move on a percentage basis since March 23, 2009, according to CNBC. This comes as the stock market had its worst week in nearly 10 years from Dec. 17 through Dec. 21, dropping over 400 points.

Investors went bargain shopping the day after Christmas, where stocks just got too cheap relative to earnings, future earnings, any reasonable assessment of earnings. The coast is clear, back up the truck, investors are saying enough already, the world is not ending.

Title: Re: Money Sense
Post by: Gaon on January 03, 2019, 07:40:12 PM

What a wild day on the stock markets. The Dow shed 660 points because Apple plummeted 10% in its darkest day in six years. Sales in China are down because Chinese consumers are tightening their belts. The Chinese economy is slowing.

Title: Re: Money Sense
Post by: Anonymous on January 04, 2019, 01:00:27 PM

~~Quote from: "Gaon"~~What a wild day on the stock markets. The Dow shed 660 points because Apple plummeted 10% in its darkest day in six years. Sales in China are down because Chinese consumers are tightening their belts. The Chinese economy is slowing.

China has represented forty to fifty per cent of global growth since the great recession of 2008. A slowdown in their economy will have a greater impact on the world than anything the USA and the EU do combined.

Title: Re: Money Sense
Post by: Anonymous on January 06, 2019, 02:50:03 PM

The markets rebounded to close the week with the Dow, and TSX getting back all the losses from the previous day and then some. Excellent job growth in the USA shows there's lots of steam left in the world's biggest economy, lifting global markets.

Title: Re: Money Sense
Post by: Anonymous on January 12, 2019, 12:00:57 AM

Canada's main stock index rose for a fifth straight day for the first time in seven months as the market continued to bounce back from last month's lows.

The S&P/TSX composite index closed up 98.76 points to 14,903.49, after hitting a one-month high of 14,921.06 in earlier trading.

The market is eight per cent above the low set late last year but still 10 per cent below the July high.

The Toronto Exchange's performance Thursday was helped by crude oil rising to its highest level in more than a month and further gains among cannabis producers including Canopy Growth Corp.'s 12 per cent gain that boosted the health-care sector by 4.3 per cent.

The February crude contract was up 23 cents at US$52.59 per barrel and the February natural gas contract was down 1.5 cents at US$2.97 per mmBTU.

The energy index increased by more than one per cent, followed by defensive sectors utilities and telecommunications. The only sector to fall was materials.

In New York, the Dow Jones industrial average rose 122.80 points at 24,001.92. The S&P 500 index was up 11.68 points at 2,596.64, while the Nasdaq composite was up 28.99 points at 6,986.07.

The Canadian dollar traded at an average of 75.56 cents US compared with an average of 75.64 cents US on Wednesday.

Title: Re: Money Sense
Post by: Anonymous on January 25, 2019, 08:47:45 PM

The Dow, the TSX, Nasdaq, oil and the Canadian dollar were all up today and up for the week. The three week market recovery continues even with expected slower growth in China.

Title: Re: Money Sense
Post by: Anonymous on February 17, 2019, 06:28:31 PM

The Dow Jones Industrial Average jumped 443.86 points to 25,883.25 as J.P. Morgan Chase and Goldman Sachs outperformed. The S&P 500 gained 1.1 percent to close at 2,775.60, led by the energy and industrials sectors. The Nasdaq Composite advanced 0.6 percent to end the day at 7,472.41.

Energy shares were boosted by higher oil prices. West Texas Intermediate futures rose 2.2 percent to $55.59 per barrel.

Bank stocks also rose broadly. The SPDR S&P Bank ETF (KBE) climbed 2.25 percent. Goldman Sachs, Morgan Stanley, J.P. Morgan Chase, Citigroup and Bank of America each advanced 2.54 percent or more.

The 30-stock Dow's eight-week winning streak is its longest since the one ending Nov. 3, 2017. The Nasdaq also posted its eighth consecutive weekly gain. The S&P 500, meanwhile, closed its seventh weekly gain in eight. The indexes rose at least 2.4 percent each this week.

'We're in for some rough sledding'—Watch three Wall Street experts explain where stocks are headed   'We're in for some rough sledding'—Watch five Wall Street experts explain where stocks are headed

12:18 PM ET Thu, 14 Feb 2019 | 04:26

Stocks surged on Friday amid increasing hopes for a U.S.-China trade deal as equities posted another solid weekly gain.

The Dow Jones Industrial Average jumped 443.86 points to 25,883.25 as J.P. Morgan Chase and Goldman Sachs outperformed. The S&P 500 gained 1.1 percent to close at 2,775.60, led by the energy and industrials sectors. The Nasdaq Composite advanced 0.6 percent to end the day at 7,472.41.

Energy shares were boosted by higher oil prices. West Texas Intermediate futures rose 2.2 percent to $55.59 per barrel.

Bank stocks also rose broadly. The SPDR S&P Bank ETF (KBE) climbed 2.25 percent. Goldman Sachs, Morgan Stanley, J.P. Morgan Chase, Citigroup and Bank of America each advanced 2.54 percent or more.

The 30-stock Dow's eight-week winning streak is its longest since the one ending Nov. 3, 2017. The Nasdaq also posted its eighth consecutive weekly gain. The S&P 500, meanwhile, closed its seventh weekly gain in eight. The indexes rose at least 2.4 percent each this week.

"The market is just getting rational again and simply rebounding from an irrational sell-off last fall," said Craig Callahan, president at Icon Funds. He said the market was brought down late last year by fears of a Chinese economic hard landing, worries that a slowdown in China could spread around the world and concern over tighter Federal Reserve monetary policy.

TSX increased 152 points or 0.97% to 15848 on Friday February 15 from 15627 in the previous trading session.

Title: Re: Money Sense
Post by: Anonymous on February 23, 2019, 12:45:51 PM

SNC-Lavalin chopped its dividend by 65% Friday as it reported a fourth quarter loss of $1.6 billion. Could Trudeau's interference have changed that. :icon_wink:

Title: Re: Money Sense
Post by: Anonymous on March 11, 2019, 09:21:45 PM

The tragic Ethiopian Airlines crash on Sunday is raising doubts on Wall Street about Boeing.

Boeing's (BA) stock closed down 5.36% to $399.89 on Monday in the aftermath of the second deadly crash of its bestselling 737 MAX 8 jet in five months. All 157 people on board the Ethiopian Airlines flight were killed when the plane fell out of the sky shortly after takeoff. It was the second crash of the latest version of Boeing's single-aisle workhorse in recent months.

Title: Re: Money Sense
Post by: Anonymous on April 06, 2019, 01:10:05 PM

The Dow, the TSX, Nasdaq and West Texas Intermediate all ended the week in positive territory. The Dow is closing in on it's all time high. The Canadian dollar was down on this week too based on stronger than expected job numbers in the US and the Canadian economy lost 7200 jobs in March.

Title: Re: Money Sense
Post by: Anonymous on April 08, 2019, 02:30:06 PM

I think there is going to be a recession in this country later this year.

https://business.financialpost.com/news/economy/fidelity-sees-loonie-testing-62-cent-low-amid-slowing-economy

Now, the nation may already be in recession after growing at an annualized pace of just 0.4 per cent in the fourth quarter and a pretty "soggy" start to the year, said Wolf, part of the asset allocation team at Fidelity Investments Canada, which manages about $136 billion. He stressed his views were his own, not the firm's.

The big problem for Canada is that a household deleveraging appears to be starting just as the global economy is slowing, said Wolf, who was an adviser at the Bank of Canada before joining Fidelity in 2014. Home values fell nationwide last year for the first time since at least 1990, while household debt burdens touched a record high. Meanwhile, Canada's competitiveness problems remain, he said.

"You've never had debt levels as high, relative to incomes in Canada," said Tulk. Even if the Bank of Canada has stopped raising rates, "there's still kind of a big bulge in the python, so to speak, in terms of prior increases in interest rates and prior actions."

Title: Re: Money Sense
Post by: Anonymous on April 15, 2019, 12:26:03 PM

I decided to post this here. It shows the shocking level of financial ignorance among young workers. Four in ten people under thirty five don't know how CPP works. This doesn't bode well for Canada's future.

Ryan Mallough is Director of Provincial Affairs, Ontario, for the Canadian Federation of Independent Business.

All provinces should be talking about financial literacy

Budgets are always big documents that cover a lot of topics and throw out a lot of dollar figures. That's why the Ontario government's Budget 2019 financial and workplace literacy commitments are not getting the notice they deserve, at home nor across the country. Yet they could very well be the budget's hidden gems.

During the Canada Pension Plan (CPP) expansion debate early in the Trudeau mandate, the Canadian Federation of Independent Business (CFIB) polled Canadians, not only on their opinions of the expansion, but on their general knowledge of what the CPP is and does. A resounding 39 per cent of respondents aged 18 to 34 believed that the government pays into the CPP (it doesn't).

I come back to this number frequently — it still seems bonkers to me that nearly four in 10 young Canadians don't know how a significant plank of their retirement — and a major payroll deduction on every paycheque — works.

But when you really think about how we could get to a number like that, it's impossible to avoid the question: where was the opportunity for young people to have ever really learned about it?

Coming out of high school, I couldn't have told you what "CPP" stands for, nor "EI", "RRSP", "RESP", "GIC" or "TFSA" – let alone anything about the benefits, drawbacks, or accessibility of any of them.

No high school or university course ever walked me through payroll deductions or how to file my taxes. I didn't know how to establish a credit rating, how to impact my score or what having a good or bad score really means. Compound interest was a section in math class, presented without implication or context.

Budgeting was reduced to an Excel table that never seemed to include a credit card – odd for a country that has $599 billion in consumer debt.

I learned all these things eventually, mostly through trial by fire at the workplace. You pick things up along the way.

But there has to be a better way.

Canada's small business owners think so; 53 per cent of them are dissatisfied with the job high schools are doing in preparing young people for the workforce. In Ontario, nearly nine in 10 support the introduction of a mandatory full-credit financial literacy course at the high school level.

If it's done right and focuses on the practical, a greater emphasis on financial literacy will see students come out of high school far better prepared to make financial decisions and understand the fiscal debates that will impact them as they begin their careers.

On the other side of the financial literacy coin is workplace literacy.

We hear consistently from small business owners that their young hires are woefully under-prepared for the workplace. Too often employers are finding themselves in a position where they are teaching their young hires not only how to do the job they were hired for, but how to generally be an employee – skills like how to be punctual, communicate professionally and manage their time effectively.

I admit, as a Millennial it takes a lot to bite my tongue when this comes up. I know my generation to be as hard-working and ambitious as any other, but when I think back to my education, there really wasn't an avenue to learn the soft skills employers expect workers to have when entering the workplace.

Furthermore, college, and especially the skilled trades, were never really presented to me as options when I was in high school. I'd be willing to bet nothing has changed if you walk into any high school classroom across the country today and ask students about their plans for the future. Very few – if any – would bring up college or vocational institutions. They're seen as lesser – a fall-back option if university doesn't pan out – and that's not only a shame, but a colossal disservice to both our toprate institutions and the hard-working men and women in the trades.

What's more, not highlighting these paths has contributed to a skilled tradespeople shortage across Canada. In fact, it has become the number one barrier to small business growth in Prince Edward Island, Nova Scotia, New Brunswick, Quebec, Ontario, Manitoba and British Columbia.

There needs to be a multi-faceted approach to addressing the problem, and young people should play a significant role — but they need to know their options. The Ontario government's budget commitment last week to promote the skilled trades all the way from kindergarten to Grade 12 is a strong step towards a longterm solution.

The government of Ontario's focus shows that governments are willing to listen. Their commitments on workplace and financial literacy might be small lines in the budget, but their impact could end up being very big for the future of Canada's workforce.

Title: Re: Money Sense
Post by: Anonymous on May 12, 2019, 11:32:24 PM

The markets had a terrible week as trade talks with China stumbled. China appears to be overplaying their hand.

Title: Re: Money Sense
Post by: Anonymous on May 30, 2019, 08:30:48 PM

The Dow closed slightly higher today at 25,169. the Dow has lost nearly 1800 points since trade talks between China and the US moved into tit for tat tariffs. I expect this is short term and necessary. China has been doing a lot of things they shouldn't since entering the WTO. All American presidents before Trump have enabled China. Even if Trump loses next year's election, the next US president will no longer be able to help China cheat the way Bush, and Obama did.

investors were largely taking a breather in trading as the optimism of earlier in the year has waned and they're evaluating if the sell-off will continue.

Canada's main stock index lost more ground Thursday on a big dip in the energy sector prompted by oil falling to its lowest level in three months.

The S&P/TSX composite index closed down 42.23 points to 16,089.24 following a third-straight day of losses.

The key energy sector fell about 1.5 per cent as Enbridge Inc. and Canadian Natural Resources lost 1.04 and 0.76 per cent respectively.

The July crude contract was down 3.8 per cent or US$2.22 at US$56.59 per barrel and the July natural gas contract was down 7.7 cents at US$2.55 per mmBTU.

Crude prices fell after a weekly U.S. report said stockpiles fell less than expected while geopolitical tensions eased.

Title: Re: Money Sense
Post by: Anonymous on May 31, 2019, 12:29:54 AM

Morgan Stanley is predicting a recession for North America towards the end of the year and most likely the world.

Title: Re: Money Sense
Post by: Anonymous on June 01, 2019, 12:18:33 AM

The markets capped off the worst week they have had since 2011. Part of that is the five per cent tariff Trump placed on Mexican imports rising to twenty five per cent in October unless Mexico halts "illegal migrants" heading to the U.S. Another downward pressure is a report that China is planning to restrict rare-earths exports leave markets set for a turbulent end to what's been a rough month for global stocks. This is despite the fact that China doesn't export raw rare earth metals to the US.

West Texas Intermediate crude decreased 5.9% to $53.26 a barrel, the lowest since February. Crude tumbled 16% in May, snapping a four-month winning streak.

The Dow average lost 1.4% and the Nasdaq 100 slid 1.5%. The Dow closed at 24,815.04, losing 354.84 points.

Title: Re: Money Sense
Post by: Anonymous on June 29, 2019, 04:58:31 PM

Stocks closed higher on Friday, boosted by bank shares, as investors looked ahead to a key meeting between President Donald Trump and Chinese President Xi Jinping. Wall Street also wrapped up its best first half to a year in two decades.

The Dow Jones Industrial Average rose 73.38 points to 26,599.96 as J.P. Morgan Chase shares outperformed. The 30-stock index rallied more than 7% this month, notching its biggest June gain since 1938.

The S&P 500 advanced 0.6% to 2,941.74, led by the financials sector. For the month, the S&P 500 jumped 6.9%, its best June performance since 1955. The broad index is also up more than 17% this year, marking its biggest first-half gain since 1997.

The Nasdaq Composite gained 0.5% to end the day at 8,006.24. The tech-heavy index also rallied 7.4% this month.

Canada's main stock index capped strong gains in June by rising Friday ahead of the holiday weekend.

The S&P/TSX composite index closed up 74.47 points to 16,382.20. Although the index was down nearly one percentage point on the week, it gained 2.2 per cent for the month and 15.2 per cent in the first half of the year.

The Canadian dollar traded at an average of 76.41 cents US, up from an average of 76.27 cents US on Thursday — a four-month high.

Ten of the 11 major sectors on the TSX were up on the day, led by consumer discretionary as Canada Goose Holdings Inc. gained three per cent and Aritzia Inc. was up 2.4 per cent. The materials sector followed closely behind with Yamana Gold Inc. and Centerra Gold Inc. increasing 2.8 and 2.2 per cent respectively.

The August gold contract was up $1.70 at US$1,413.70 an ounce. That's a 7.8-per-cent gain for the month and up 10.3 per cent in the first six months of the year. The September copper contract was down 0.3 of a cent on the day at $2.71 a pound.

Crude prices were fairly flat until taking a tumble at the end of day after Europe said it will launch a channel to allow trade with Iran, bypassing U.S. sanctions.

The August crude contract was down 96 cents at US$58.47 per barrel and the August natural gas contract was down 1.6 cents at $2.31 per mmBTU.

However, the energy sector was up 0.27 per cent led by share gains from Frontera Energy Corp. and Encana Corp.

OPEC countries are meeting Tuesday with some members wanting the cartel to deepen production cuts in the second-half of the year.

Title: Re: Money Sense
Post by: Anonymous on July 13, 2019, 06:28:39 AM

I checked our latest statement 9n our investments..

They've had an exceptionally good month.

ac_smile

Title: Re: Money Sense
Post by: Anonymous on July 13, 2019, 02:55:04 PM

The Dow, the S&P 500 and the Nasdaq hit new records. It all came down to the Federal Reserve and interest rates once again. Fed Chairman Jerome Powell gave his bi-annual congressional testimony on Wednesday and Thursday, and his comments fueled hopes for a rate cut.

The markets are up almost forty per cent since Trump became president.

Title: Re: Money Sense
Post by: Anonymous on August 06, 2019, 05:10:54 PM

The markets have been going crazy(bad) since Trump announced another $300 billion in tariffs on China and Beijing stopped propping up their currency.

Title: Re: Money Sense
Post by: @realAzhyaAryola on August 14, 2019, 11:26:29 AM

~~Quote from: "seoulbro"~~The markets have been going crazy(bad) since Trump announced another $300 billion in tariffs on China and Beijing stopped propping up their currency.

It sure was nice to see the market respond well yesterday after Trump announced his delay on the tariffs but today it dipped again. :sad:

Title: Re: Money Sense
Post by: Anonymous on August 14, 2019, 12:10:09 PM

~~Quote from: "@realAzhyaAryola"~~
~~Quote from: "seoulbro"~~The markets have been going crazy(bad) since Trump announced another $300 billion in tariffs on China and Beijing stopped propping up their currency.

It sure was nice to see the market respond well yesterday after Trump announced his delay on the tariffs but today it dipped again. :sad:

Giving back some of the gains after a big day is not unusual.

Technology investors welcomed news of the exemptions, pushing an index of chip stocks up 3.1%, while shares of Apple surged more than 5% and the Dow Jones Industrial Average rose more than 500 points. The exemptions, combined with renewed talks with China, suggest Trump may be willing to compromise.

I'll take a look at what's happening at the end of the day.

Title: Re: Money Sense
Post by: @realAzhyaAryola on August 14, 2019, 09:44:52 PM

~~Quote from: "seoulbro"~~
Giving back some of the gains after a big day is not unusual.

Technology investors welcomed news of the exemptions, pushing an index of chip stocks up 3.1%, while shares of Apple surged more than 5% and the Dow Jones Industrial Average rose more than 500 points. The exemptions, combined with renewed talks with China, suggest Trump may be willing to compromise.

I'll take a look at what's happening at the end of the day.

Thanks, seoulbro. I recall when you said there is no need to worry about the "r" word but it is being whispered a lot. :sad:

Title: Re: Money Sense
Post by: Anonymous on August 14, 2019, 11:40:42 PM

~~Quote from: "@realAzhyaAryola"~~
~~Quote from: "seoulbro"~~
Giving back some of the gains after a big day is not unusual.

Technology investors welcomed news of the exemptions, pushing an index of chip stocks up 3.1%, while shares of Apple surged more than 5% and the Dow Jones Industrial Average rose more than 500 points. The exemptions, combined with renewed talks with China, suggest Trump may be willing to compromise.

I'll take a look at what's happening at the end of the day.

Thanks, seoulbro. I recall when you said there is no need to worry about the "r" word but it is being whispered a lot. :sad:

China had it's slowest growth in seventeen years last quarter and Germany's economy contracted 0.1 per cent during the same period.

Title: Re: Money Sense
Post by: Anonymous on August 15, 2019, 10:52:19 AM

~~Quote from: "Fashionista"~~
~~Quote from: "@realAzhyaAryola"~~
~~Quote from: "seoulbro"~~
Giving back some of the gains after a big day is not unusual.

Technology investors welcomed news of the exemptions, pushing an index of chip stocks up 3.1%, while shares of Apple surged more than 5% and the Dow Jones Industrial Average rose more than 500 points. The exemptions, combined with renewed talks with China, suggest Trump may be willing to compromise.

I'll take a look at what's happening at the end of the day.

Thanks, seoulbro. I recall when you said there is no need to worry about the "r" word but it is being whispered a lot. :sad:

China had it's slowest growth in seventeen years last quarter and Germany's economy contracted 0.1 per cent during the same period.

The Dow lost 800 points, the TSX was down 327 on global recession fears. Today appears to have stabilized today after China indicated it would be willing to meet the US on a 50-50 basis on tariffs.

Title: Re: Money Sense
Post by: Anonymous on August 17, 2019, 12:26:23 AM

North American stock markets rebounded to end a roller-coaster week that took investors for a wild ride on concerns about slowing economic growth and trade uncertainty.

The S&P/TSX composite index closed up 137.26 points at 16,149.79.

In New York, the Dow Jones industrial average was up 306.62 points at 25,886.01. The S&P 500 index was up 41.08 points at 2,888.68, while the Nasdaq composite was up 129.38 points at 7,895.99.

The Canadian dollar traded for an average of 75.27 cents US, compared with an average of 75.05 cents US on Thursday.

The October crude contract was up 39 cents at US$54.81 per barrel and the September natural gas contract was down 3.2 cents at US$2.20 per mmBTU.

Title: Re: Money Sense
Post by: Anonymous on August 17, 2019, 12:32:26 AM

eadlines blared when a rare anomaly occurred in the bond market. While the yield curve has been inverted in a general sense for some time, for a brief moment the yield of the 10-year Treasury dipped below the yield of the 2-year Treasury. This hasn't happened since the depths of the 2008/2009 recession. The news was enough to cause our roller-coaster markets to suffer its worst drop this year.

Does this inversion signal an impending recession, or are we merely witnessing the lemming-like behavior so typical of headline inspired trading?

Certainly, history suggests a correlation between inverted yield curves and recessions, albeit with a sometimes significant lag time. The timetable varies but it is generally within a 24-month period, so while it can be a very early indicator it is one that should be heeded.

What triggered the market fall-off, however, was the rare 10-year/2-year inversion. This specific data point has been cited as a reliable harbinger of recession. Research from Credit Suisse says a recession occurs 22 months after an inversion in the two-year/10-year rate curve, on average.

Title: Re: Money Sense
Post by: Anonymous on August 17, 2019, 11:01:31 AM

The democRATs and the media allies are really talking up a recession. They don't think they can win unless they do their part to cause the economy to shrink.

https://dailycaller.com/2019/08/16/trump-recession-indicators-2020/?utm_source=&utm_medium=email&utm_campaign=9739

Media, Politicians Won't Stop Talking About The Possibility Of A Recession. Does The Reason Why Have To Do With Trump's Reelection

Title: Re: Money Sense
Post by: Anonymous on August 19, 2019, 07:35:15 PM

The TSX was up 154 points. The DJIA was up 250 points at the close today. Trade war fears subsided today. Until Trump's next tweet on the subject.

Title: Re: Money Sense
Post by: @realAzhyaAryola on August 26, 2019, 09:11:37 PM

It went up and down and today up again. Phew.

Title: Re: Money Sense
Post by: Anonymous on August 31, 2019, 06:53:59 PM

Our investments were up this week.

Title: Re: Money Sense
Post by: @realAzhyaAryola on September 08, 2019, 06:31:03 PM

~~Quote from: "Fashionista"~~Our investments were up this week.

That seems to be the case for most. :thumbup:

Title: Re: Money Sense
Post by: Anonymous on September 08, 2019, 09:20:16 PM

~~Quote from: "@realAzhyaAryola"~~
~~Quote from: "Fashionista"~~Our investments were up this week.

That seems to be the case for most. :thumbup:

Recession fears are fading and it's looking more like China and the USA will reach some sort of trade arrangement.

Title: Re: Money Sense
Post by: @realAzhyaAryola on September 09, 2019, 09:33:36 PM

~~Quote from: "Fashionista"~~
~~Quote from: "@realAzhyaAryola"~~
~~Quote from: "Fashionista"~~Our investments were up this week.

That seems to be the case for most. :thumbup:

Recession fears are fading and it's looking more like China and the USA will reach some sort of trade arrangement.

I sure hope so, Fash. As it stands today, this still remains to be seen.

Title: Re: Money Sense
Post by: Anonymous on September 14, 2019, 01:42:09 PM

The Dow posted an eighth consecutive session of gains amid further signs of de-escalation in the U.S.-China trade war. While the S&P 500 and Nasdaq ended Friday's session lower, all three major indices posted weekly advances for a third straight week.

The Chinese government is encouraging companies to buy "a certain amount" of U.S. farm products including pork and soybeans and will exempt these goods from additional tariffs, China's official Xinhua News Agency said Friday. This corroborates President Donald Trump's earlier assertion via Twitter post Thursday that "It is expected that China will be buying large amounts of our agricultural products."

Such a move would provide some respite to U.S. farmers, who have become one of the biggest casualties in the trade war with China. It would also be viewed as a major gesture of good will, with Trump having repeatedly lambasted Beijing for failing to follow through on promises, including upping purchases of U.S. farm products. The country had ceased purchases in August in an apparent retaliatory move after Trump announced further tariffs on Chinese imports.

This all comes after some Trump administration officials were reported Thursday to be mulling an interim trade deal with China to de-escalate tensions ahead of another round of trade talks in October. In remarks to reporters, Trump said he "would consider" a temporary deal, but would prefer a more permanent agreement.

Title: Re: Money Sense
Post by: Anonymous on September 14, 2019, 01:44:42 PM

Sorry Democrats, a recession before the 2020 election seems unlikely.

Retail sales rose more-than-expected in August

A broad measure of retail sales rose at a greater-than-expected rate in August, driven by sales from internet retailers, building materials sellers and auto dealers.

Headline retail sales rose 0.4% in August, the Commerce Department reported Friday, versus a 0.2% gain expected, according to Bloomberg-compiled data.

Excluding autos and gas sales, retail sales rose just 0.1% for the month, missing expectations for a 0.2% gain and coming off a 0.9% increase in July. Excluding motor vehicles and parts sales alone, retail sales were flat for the month, versus a 0.1% increase expected and 1.0% gain in July.

August's figures come on the heels of a much stronger-than-expected report from July, when headline retail sales rose an upwardly revised 0.8% for the month. Gains for July had been broad-based, driven by strong sales from e-commerce platforms, grocery stores and clothing retailers.

Title: Re: Money Sense
Post by: @realAzhyaAryola on September 14, 2019, 10:12:26 PM

You have probably seen this chart. It never fails to amaze me how China rose to the top. Their growth is just amazing. Incredible. I wish Canada would rise up there too. Watch China rise.

https://youtu.be/wykaDgXoajc

Title: Re: Money Sense
Post by: @realAzhyaAryola on September 14, 2019, 10:12:38 PM

.

Title: Re: Money Sense
Post by: @realAzhyaAryola on September 14, 2019, 10:13:20 PM

~~Quote from: "seoulbro"~~Sorry Democrats, a recession before the 2020 election seems unlikely.

Retail sales rose more-than-expected in August

A broad measure of retail sales rose at a greater-than-expected rate in August, driven by sales from internet retailers, building materials sellers and auto dealers.

Headline retail sales rose 0.4% in August, the Commerce Department reported Friday, versus a 0.2% gain expected, according to Bloomberg-compiled data.

Excluding autos and gas sales, retail sales rose just 0.1% for the month, missing expectations for a 0.2% gain and coming off a 0.9% increase in July. Excluding motor vehicles and parts sales alone, retail sales were flat for the month, versus a 0.1% increase expected and 1.0% gain in July.

August's figures come on the heels of a much stronger-than-expected report from July, when headline retail sales rose an upwardly revised 0.8% for the month. Gains for July had been broad-based, driven by strong sales from e-commerce platforms, grocery stores and clothing retailers.

Yehey!

:thumbup:

Title: Re: Money Sense
Post by: Gaon on September 15, 2019, 06:34:05 PM

~~Quote from: "@realAzhyaAryola"~~You have probably seen this chart. It never fails to amaze me how China rose to the top. Their growth is just amazing. Incredible. I wish Canada would rise up there too. Watch China rise.

https://youtu.be/wykaDgXoajc

I notice the country I was born in, the USSR never made the list at any time.

Title: Re: Money Sense
Post by: Gaon on September 15, 2019, 06:37:28 PM

Iranian backed fighters from Yemen attacked Saudi Arabia's biggest oil processing facility affecting half that country's production. While Saudi Arabia expects to bring that online within days, some energy analysts are expecting crude oil prices to surge to over seventy dollars per barrel.

Title: Re: Money Sense
Post by: Anonymous on September 16, 2019, 09:20:13 PM

U.S. crude oil prices were up 12.84% to $61.89 per barrel.

Title: Re: Money Sense
Post by: cc on October 02, 2019, 05:41:32 PM

~~Quote from: "@realAzhyaAryola"~~You have probably seen this chart. It never fails to amaze me how China rose to the top. Their growth is just amazing. Incredible. I wish Canada would rise up there too. Watch China rise.

https://youtu.be/wykaDgXoajc

Well, for the past 2 - 3 decades, we have bought 4 x as much as we have sold them ... pouring money into china

No surprise here, but it's politicians from Western counties that encouraged our suicide

Thanks to our folly it is now a powerhouse that will have negative effects on the West for the future

Alongside and about equal to our other self-destructive immigration policies, stupidity beyond belief

Title: Re: Money Sense
Post by: Anonymous on October 02, 2019, 07:30:00 PM

~~Quote from: "cc"~~
~~Quote from: "@realAzhyaAryola"~~You have probably seen this chart. It never fails to amaze me how China rose to the top. Their growth is just amazing. Incredible. I wish Canada would rise up there too. Watch China rise.

https://youtu.be/wykaDgXoajc

Well, for the past 2 - 3 decades, we have bought 4 x as much as we have sold them ... pouring money into china

No surprise here, but it's politicians from Western counties that encouraged our suicide

Thanks to our folly it is now a powerhouse that will have negative effects on the West for the future

Alongside and about equal to our other self-destructive immigration policies, stupidity beyond belief

:ohmy:

Title: Re: Money Sense
Post by: Anonymous on October 11, 2019, 11:20:24 PM

Canada's main stock index dipped as it failed to match the exuberance in the U.S. Friday despite a partial trade deal with China.

The S&P/TSX composite index lost half a per cent on the day compared with 1.2 to 1.4 per cent gains by the three New York stock markets.

The S&P/TSX composite index closed down 7.52 points at 16,415.16, lower than where it ended a week ago.

In New York, the Dow Jones industrial average was up 319.92 points at 26,816.59. The S&P 500 index was up 32.14 points at 2,970.27, while the Nasdaq composite was up 106.26 points at 8,057.04, after climbing nearly 2.1 per cent in earlier trading.

U.S. investors reacted to hopeful signs of progress in the 15-month trade war with China even though the areas of agreement are narrow and don't touch on major points of dispute.

The United States is suspending a tariff hike on US$250 billion in Chinese imports that was set to take effect Tuesday, and China agreed to buy US$40 billion to US$50 billion in U.S. farm products.

The November crude contract was up US$1.15 at US$54.70 per barrel. Oil prices rose after two missiles struck an Iranian tanker travelling through the Red Sea off the coast of Saudi Arabia on Friday.

Title: Re: Money Sense
Post by: Anonymous on October 26, 2019, 12:38:47 AM

The TSX, the Dow, S&P 500 had a good week, all closing up. West Texas crude closed up 43 cents at $56.66 per barrrel. WCS was up eighteen cents to $39.65.

Title: Re: Money Sense
Post by: Anonymous on November 03, 2019, 11:17:47 AM

The chief banker of a country so saddled by debt-and-deficits warns the common folk that our nation's economic "resilience" will be tested as the bad times inch forward.

There was Bank of Canada Gov. Stephen Poloz, stating midweek he was holding the benchmark interest rate at 1.75%, but, warning that Canada's relatively long run of good luck could soon end.

We have reached the stage where years of really low interest rates has made 1.75% no longer looking like free and easy money.

Investment is fleeing Trudeau's Canada. The only thing holding us up is robust US economy.

Title: Re: Money Sense
Post by: Anonymous on November 05, 2019, 08:38:35 PM

WESTERN ANGST DRAGS DOWN CONSUMER CONFIDENCE

Canadian consumer sentiment worsened through october amid rising uncertainty about the economic outlook, and as westerners come to grips with an election that handed a second term to Justin Trudeau's Liberals, a result perceived as potentially bad for the energy industry.

The bloomberg Nanos Canadian Confidence Index — a composite gauge based on weekly telephone polling — ended october at 56.7, down from 57.8 at the end of september. The economic mood index for the resource-rich prairie provinces dropped 3.8 points from the previous month to the lowest level since may, with most of that decline coming in the two weeks following the oct. 21 election.

although they returned to power with a minority government, Trudeau's Liberals were completely shut out of of alberta and saskatchewan, where discontent with the federal government's approach to resource development is strongest. The ongoing delays facing the completion of the Trans mountain pipeline expansion project have been a particular sore spot in alberta.

Title: Re: Money Sense
Post by: Anonymous on November 14, 2019, 02:03:26 PM

America's yield curve is no longer inverted. From mid-October, long-term bond yields rose back above short ones (a move accompanied by other bullish financial-market signs, like rising stocks).

Title: Re: Money Sense
Post by: Anonymous on November 18, 2019, 07:28:46 PM

The Dow closed at an all time high of 28,036. :thumbup:

Title: Re: Money Sense
Post by: Anonymous on November 20, 2019, 08:40:39 PM

~~Quote from: "seoulbro"~~The Dow closed at an all time high of 28,036. :thumbup:

We invest for the long term, but I notice our investments are doing quite well presently.

Title: Re: Money Sense
Post by: Anonymous on November 28, 2019, 11:00:23 AM

The Dow closed at an all time high of 28,164.00 or up +42.32. The rise in the 30-stock Dow was led by gains in shares of McDonald's (MCD) and Home Depot.

Title: Re: Money Sense
Post by: Anonymous on December 06, 2019, 06:05:59 PM

Stocks jumped Friday after the Labor Department's November jobs report handily topped expectations. Treasury yields rose and gold prices sharply declined, as the latest sign of strength in the U.S. economy spurred risk-on trades.

Here's where markets settled at the end of regular equity trading:

S&P 500 (^GSPC): +0.91%, or 28.48 points

Dow (^DJI): +1.22%, or 337.27 points

TSX 16,997 or 85.83 points

OIL (WTI) 59.07 USD 0.74 (1.27%)

10-year Treasury yield (^TNX): +4.5 bps to 1.84%

Gold (GC=F): -1.27% to $1,464.20 per ounce

Title: Re: Money Sense
Post by: Anonymous on December 12, 2019, 10:53:48 PM

Some of the stocks expected to perform well under the proposed China-US trade agreement.

Financials

The bank stocks have posted big gains, but they stand to gain more on a trade deal. J.P. Morgan Chase, Citigroup, Goldman Sachs, Bank of America, American Express, Mastercard and Visa

Technology

Apple, one of the biggest names caught in the trade dispute, could dodge an iPhone price increase if the new tariffs are called off. A major 5G play to own is Nvidia, as a trade deal would open the door for Chinese regulators to let the company acquire Mellanox

Manufacturing

Caterpillar, Honeywell and Cummins shares should go up if the trade war's really ending.

Toys

Shares of Hasbro and Mattel, makers of iconic toys that have been working to move factories out of China, jumped about 4.4% and 2.4% in Thursday's session.

Transports

FedEx shares rallied about 3.7% Thursday and have more room to run, the host said. As far as railroads, Union Pacific has the most exposure to China and has a lot to gain out of a trade deal.

Title: Re: Money Sense
Post by: Anonymous on December 15, 2019, 02:25:34 PM

This is a surprise.

Canada's energy index has risen about 12.7% in 2019 versus 5% for the comparable u.s. gauge, led by pipeline firms including Tc energy corp. and enbridge Inc., which have risen about 39% and 19% respectively. meanwhile, the Permian basin and u.s. shale boom has decelerated.

"The Canadian industry has been starved of capital for four years now," rafi Tahmazian, senior portfolio manager at canoe Financial, said in an interview on bnn bloomberg this week. He sees the u.s. just beginning to enter a phase that canada was in, and thinks canada's industry is "on the edge of extreme profitability." As a result, at least one Wall Street bank has been vindicated in its call for oilsands companies to outperform shale. Bank of America said this year shorter cycle projects have attracted investment in recent years, making u.s. shale a "victim of its own success" as production growth has continued while in canada it's moderated.

Meanwhile, Canaccord Genuity added canadian pipelines to one of its 2020 "contrarian investment themes." The firm says a lack of transportation options should allow pipeline operators to maintain pricing power. In a note to clients, strategist martin roberge also cited the pipelines' defensive characteristics.

more catalysts may come from the continued construction of the Trans mountain pipeline and a decision on enbridge's Line 3 project. enbridge recently said it needs to see "further clarity" on the regulatory and permitting process before deciding when the u.s. segment can come online.

Title: Re: Money Sense
Post by: Anonymous on December 31, 2019, 08:43:59 PM

In 2019 the TSX was up 19%, the Dow up 22% and the Nasdaq 34%. ac_dance

Title: Re: Money Sense
Post by: Anonymous on December 31, 2019, 09:04:30 PM

~~Quote from: "seoulbro"~~In 2019 the TSX was up 19%, the Dow up 22% and the Nasdaq 34%. ac_dance

Hooray for my pension.

Title: Re: Money Sense
Post by: Anonymous on January 09, 2020, 03:36:19 PM

The markets have shrugged off any threat of war and the Dow, Nasdaq and TSX are all roaring right back to where they were before a missile strike killed an infamous Iranian terrorist. The Dow is closing in on 29,000. :shock:

Title: Re: Money Sense
Post by: Anonymous on January 15, 2020, 02:30:54 PM

Global market are reacting favourably with the Dow trading at the time of this post at an all time high of 29,016.

U.S. and China Sign Phase One of Trade Deal

The deal commits China to do more to crack down on the theft of American technology and corporate secrets by its companies and state entities, while outlining a $200 billion spending spree to try to close its trade imbalance with the U.S. It also binds Beijing to avoiding currency manipulation to gain an advantage and includes an enforcement system to ensure promises are kept.

https://www.bloomberg.com/news/articles/2020-01-15/u-s-china-sign-phase-one-of-trade-deal-trump-calls-remarkable

Title: Re: Money Sense
Post by: Anonymous on January 20, 2020, 02:28:48 PM

This is scary.

50% of Canadians face insolvency amid 'debt hopelessness': Survey

Half of Canadians are on the verge of insolvency, according to a survey on household debt levels in this country.

The latest MNP Consumer Debt Index published Monday shows 50 per cent of respondents said they're within $200 of not being able to cover their monthly bills, and nearly an equal proportion of participants in the survey (49 per cent) said they aren't confident in their ability to cover expenses without going deeper into debt.

"Our findings may point to a shift among some Canadians from debt apathy to debt hopelessness. Feelings of hopelessness can make people feel like giving up on ever paying down their debt or, worse, ignoring the debt as it piles up higher," said MNP President Grant Bazian in a release.

The survey underscores the extent to which household balance sheets have become stretched in Canada, but it's by no means the only indicator as the Bank of Canada prepares to release its next interest rate decision on Wednesday.

One week ago, the central bank's survey of consumer expectations revealed a widening gap in spending growth expectations versus anticipated income growth, suggesting consumers will either have to borrow more or cut their spending plans.

And the most recent data from Statistics Canada similarly exposed mounting vulnerabilities, with the seasonally-adjusted credit market debt to disposable income ratio rising to 171.84 in the third quarter. This means Canadians, on average, owed almost $1.72 for every dollar of disposable income.

https://www.bnnbloomberg.ca/50-of-canadians-face-insolvency-amid-debt-hopelessness-survey-1.1376463

Title: Re: Money Sense
Post by: Anonymous on January 20, 2020, 02:49:01 PM

We know people that are one paycheque away from being homeless and they are gainfully employed..

The federal government doesn't help by raising taxes and cancelling income splitting and tax credits families relied on.

Title: Re: Money Sense
Post by: Anonymous on January 20, 2020, 04:46:28 PM

What do you think of this Seoul brother.

(//%3C/s%3E%3CURL%20url=%22https://scontent.fyxd2-1.fna.fbcdn.net/v/t1.0-9/s960x960/82551902_1003106680063061_6205838270790631424_o.jpg?_nc_cat=108&_nc_ohc=mAgaSnigZVoAX8QlJOl&_nc_ht=scontent.fyxd2-1.fna&_nc_tp=1002&oh=f047aea79984f99fc4b0bf025a715726&oe=5E931696%22%3E%3CLINK_TEXT%20text=%22https://scontent.fyxd2-1.fna.fbcdn.net/%20...%20e=5E931696%22%3Ehttps://scontent.fyxd2-1.fna.fbcdn.net/v/t1.0-9/s960x960/82551902_1003106680063061_6205838270790631424_o.jpg?_nc_cat=108&_nc_ohc=mAgaSnigZVoAX8QlJOl&_nc_ht=scontent.fyxd2-1.fna&_nc_tp=1002&oh=f047aea79984f99fc4b0bf025a715726&oe=5E931696%3C/LINK_TEXT%3E%3C/URL%3E%3Ce%3E)

https://business.financialpost.com/news/economy/can-canada-slip-into-recession-without-the-u-s-bca-says-yes?fbclid=IwAR2TWwm317kwfE96qhgDrLJGl8wxTz1yxjR1NJw8_P6wPX-RQHGW708l2zQ

Title: Re: Money Sense
Post by: Anonymous on January 20, 2020, 04:55:44 PM

~~Quote from: "Herman"~~What do you think of this Seoul brother.

(//%3C/s%3E%3CURL%20url=%22https://scontent.fyxd2-1.fna.fbcdn.net/v/t1.0-9/s960x960/82551902_1003106680063061_6205838270790631424_o.jpg?_nc_cat=108&_nc_ohc=mAgaSnigZVoAX8QlJOl&_nc_ht=scontent.fyxd2-1.fna&_nc_tp=1002&oh=f047aea79984f99fc4b0bf025a715726&oe=5E931696%22%3E%3CLINK_TEXT%20text=%22https://scontent.fyxd2-1.fna.fbcdn.net/%20...%20e=5E931696%22%3Ehttps://scontent.fyxd2-1.fna.fbcdn.net/v/t1.0-9/s960x960/82551902_1003106680063061_6205838270790631424_o.jpg?_nc_cat=108&_nc_ohc=mAgaSnigZVoAX8QlJOl&_nc_ht=scontent.fyxd2-1.fna&_nc_tp=1002&oh=f047aea79984f99fc4b0bf025a715726&oe=5E931696%3C/LINK_TEXT%3E%3C/URL%3E%3Ce%3E)

https://business.financialpost.com/news/economy/can-canada-slip-into-recession-without-the-u-s-bca-says-yes?fbclid=IwAR2TWwm317kwfE96qhgDrLJGl8wxTz1yxjR1NJw8_P6wPX-RQHGW708l2zQ

~~Justin Trudeau has Canada on the wrong track.~~

Title: Re: Money Sense
Post by: Anonymous on January 25, 2020, 12:36:05 PM

Cannabis stocks are going to pot.

The publicly traded Aurora shot up from 60 cents a share in 2016 to peak at $13 last April. Today, the shares are trading between $2.50 to $3 a share.

Shares in the biggest Canadian cannabis company, Canopy, were trading at $ 70 a share. Today they are at $31.

Privately held smaller cannabis-growing companies are facing a cash crunch, often before producing a darned thing. Investors are avoiding cannabis companies like the plague.

Title: Re: Money Sense
Post by: Anonymous on February 25, 2020, 09:41:21 PM

Another day of massive selloffs on the markets. Thanks coronavirus.

Title: Re: Money Sense
Post by: Anonymous on February 28, 2020, 03:36:08 PM

I retire in four years and my pension and my RRSP's are cratering. I know it will bounce back, but still it is unnerving.

Title: Re: Money Sense
Post by: Anonymous on March 02, 2020, 11:33:32 PM

U.S. stocks skyrocketed on Monday, with the Dow setting a single-day point record in a broad-based rebound, after mounting coronavirus fears sent global markets into a week-long swoon.

The powerful rally sent the blue-chip Dow index soaring by more than 1,290 points, which beat the previous record set in December 2018 and snapped a brutal seven-session losing streak. On a percentage basis, the S&P 500 Index and Nasdaq both saw their biggest move in over a year.

However, investors aren't entirely convinced the worst is over, as the COVID-19 outbreak continues its inexorable spread across dozens of countries. Any near-term bounce is unlikely to hold.

Here were the main moves in markets, as of 4:00 p.m. ET:

S&P 500 (^GSPC): +4.61% or +136.30 points to 3,090.52

Dow (^DJI): +5.10% or +1,296.81 points to 26,706.17

Nasdaq (^IXIC): +4.49% or +384.80 points to 8,952.17

Crude oil (CL=F): +5.56% or +2.49 to 47.25 a barrel

Gold (GC=F): +1.29% or +20.20 to 1,586.90 per ounce

10-year Treasury (^TNX): -3.46% or -0.0390 to 1.0880

Title: Re: Money Sense
Post by: Anonymous on March 04, 2020, 11:44:43 AM

The Fed is trying to put a floor under the coronavirus fallout by cutting interest rates. It's not likely to make a difference like it did in 2008 because supply chains have been disrupted. This will go on until the number of new cases outside China is under control and we have a vaccine.

Title: Re: Money Sense
Post by: Thiel on March 08, 2020, 11:01:56 PM

Seoulbro, do you have any idea when markets will bottom out? Is this a good time to do some bargain hunting for stocks?

Title: Re: Money Sense
Post by: Anonymous on March 08, 2020, 11:38:27 PM

~~Quote from: "Thiel"~~Seoulbro, do you have any idea when markets will bottom out? Is this a good time to do some bargain hunting for stocks?

I hope he can reassure us, but I won't hold my breath.

Title: Re: Money Sense
Post by: Anonymous on March 10, 2020, 12:35:35 AM

~~Quote from: "Thiel"~~Seoulbro, do you have any idea when markets will bottom out? Is this a good time to do some bargain hunting for stocks?

It's very bad. The methods that governments propped up markets in 2008, like lowering income taxes, interest rates and extending credit to failing industries won't get people flying, taking trains or going to restaurants and malls. It's too late now to contain it. Tens of thousands will become infected in coming months. It will shut down/slow large sectors of North America's economy and stimulus won't help. Canada will be in recession by the final quarter, if we are growing at all now. The US will likely fare slightly better, but their economy will go into stall down mode for a while too.

Title: Re: Money Sense
Post by: Anonymous on March 10, 2020, 12:48:11 AM

~~Quote from: "seoulbro"~~
~~Quote from: "Thiel"~~Seoulbro, do you have any idea when markets will bottom out? Is this a good time to do some bargain hunting for stocks?

It's very bad. The methods that governments propped up markets in 2008, like lowering income taxes, interest rates and extending credit to failing industries won't get people flying, taking trains or going to restaurants and malls. It's too late now to contain it. Tens of thousands will become infected in coming months. It will shut down/slow large sectors of North America's economy and stimulus won't help. Canada will be in recession by the final quarter, if we are growing at all now. The US will likely fare slightly better, but their economy will go into stall down mode for a while too.

:ohmy:

Title: Re: Money Sense
Post by: Anonymous on March 10, 2020, 05:14:19 PM

The ups and downs on the markets continued today. The Dow alone was up 1167 points.

Title: Re: Money Sense
Post by: Anonymous on March 14, 2020, 09:52:00 PM

I will not be posting any updates here for the foreseeable future. Changes are not due to market forces and because of that I will be posting in the various COVID-19 threads until things return to something resembling normal.

Title: Re: Money Sense
Post by: @realAzhyaAryola on March 18, 2020, 12:28:19 PM

The economy is just awful. This could end the Trump presidency, do you think so? Perhaps no second term. Fickle voters will sabotage it. What do you think?

Title: Re: Money Sense
Post by: Anonymous on March 18, 2020, 12:31:22 PM

~~Quote from: "@realAzhyaAryola"~~The economy is just awful. This could end the Trump presidency, do you think so? Perhaps no second term. Fickle voters will sabotage it. What do you think?

It won't likely end the Trudeau government, any of the Asian or European governments. It all depends on if the American voter thinks this is China's fault or Washington's fault. We'll see in November won't we.

Title: Re: Money Sense
Post by: @realAzhyaAryola on March 18, 2020, 12:38:01 PM

~~Quote from: "seoulbro"~~
~~Quote from: "@realAzhyaAryola"~~The economy is just awful. This could end the Trump presidency, do you think so? Perhaps no second term. Fickle voters will sabotage it. What do you think?

It won't likely end the Trudeau government, any of the Asian or European governments. It all depends on if the American voter thinks this is China's fault or Washington's fault. We'll see in November won't we.

I am not happy. I see "Trump-era gains are lost" and I see Biden winning in primaries, the virus is still not completely contained and prevented, I just wonder how my candidate will do in November. I am cranky today, very cranky.

Title: Re: Money Sense
Post by: Anonymous on March 18, 2020, 12:53:40 PM

~~Quote from: "@realAzhyaAryola"~~
~~Quote from: "seoulbro"~~
~~Quote from: "@realAzhyaAryola"~~The economy is just awful. This could end the Trump presidency, do you think so? Perhaps no second term. Fickle voters will sabotage it. What do you think?

It won't likely end the Trudeau government, any of the Asian or European governments. It all depends on if the American voter thinks this is China's fault or Washington's fault. We'll see in November won't we.

I am not happy. I see "Trump-era gains are lost" and I see Biden winning in primaries, the virus is still not completely contained and prevented, I just wonder how my candidate will do in November. I am cranky today, very cranky.

As I said, if the Dems can convince voters this pandemic was Trump's fault and not China's, Biden wins. The US is the only country blaming their head of government for this global shut down.

Title: Re: Money Sense
Post by: @realAzhyaAryola on March 18, 2020, 01:58:44 PM

~~Quote from: "seoulbro"~~
~~Quote from: "@realAzhyaAryola"~~
~~Quote from: "seoulbro"~~
~~Quote from: "@realAzhyaAryola"~~The economy is just awful. This could end the Trump presidency, do you think so? Perhaps no second term. Fickle voters will sabotage it. What do you think?

It won't likely end the Trudeau government, any of the Asian or European governments. It all depends on if the American voter thinks this is China's fault or Washington's fault. We'll see in November won't we.

I am not happy. I see "Trump-era gains are lost" and I see Biden winning in primaries, the virus is still not completely contained and prevented, I just wonder how my candidate will do in November. I am cranky today, very cranky.

As I said, if the Dems can convince voters this pandemic was Trump's fault and not China's, Biden wins. The US is the only country blaming their head of government for this global shut down.

This virus is not Trump's fault but he could lose his second term because of it if people choose to be idiots.

Title: Re: Money Sense
Post by: Anonymous on March 18, 2020, 04:18:16 PM

~~Quote from: "@realAzhyaAryola"~~
~~Quote from: "seoulbro"~~
~~Quote from: "@realAzhyaAryola"~~
~~Quote from: "seoulbro"~~
~~Quote from: "@realAzhyaAryola"~~The economy is just awful. This could end the Trump presidency, do you think so? Perhaps no second term. Fickle voters will sabotage it. What do you think?

It won't likely end the Trudeau government, any of the Asian or European governments. It all depends on if the American voter thinks this is China's fault or Washington's fault. We'll see in November won't we.

I am not happy. I see "Trump-era gains are lost" and I see Biden winning in primaries, the virus is still not completely contained and prevented, I just wonder how my candidate will do in November. I am cranky today, very cranky.

As I said, if the Dems can convince voters this pandemic was Trump's fault and not China's, Biden wins. The US is the only country blaming their head of government for this global shut down.

This virus is not Trump's fault but he could lose his second term because of it if people choose to be idiots.

Americans are idiots. They will elect Biden who is the biggest China ass kisser in Washington. He will make the situation worse by keeping the US dependent on China for medicine. Just like Justin Trudeau.

Title: Re: Money Sense
Post by: @realAzhyaAryola on March 18, 2020, 06:09:36 PM

~~Quote from: "iron horse jockey"~~
~~Quote from: "@realAzhyaAryola"~~
~~Quote from: "seoulbro"~~
~~Quote from: "@realAzhyaAryola"~~
~~Quote from: "seoulbro"~~
~~Quote from: "@realAzhyaAryola"~~The economy is just awful. This could end the Trump presidency, do you think so? Perhaps no second term. Fickle voters will sabotage it. What do you think?

It won't likely end the Trudeau government, any of the Asian or European governments. It all depends on if the American voter thinks this is China's fault or Washington's fault. We'll see in November won't we.

I am not happy. I see "Trump-era gains are lost" and I see Biden winning in primaries, the virus is still not completely contained and prevented, I just wonder how my candidate will do in November. I am cranky today, very cranky.

As I said, if the Dems can convince voters this pandemic was Trump's fault and not China's, Biden wins. The US is the only country blaming their head of government for this global shut down.

This virus is not Trump's fault but he could lose his second term because of it if people choose to be idiots.

Americans are idiots. They will elect Biden who is the biggest China ass kisser in Washington. He will make the situation worse by keeping the US dependent on China for medicine. Just like Justin Trudeau.

I sure hope a majority will be brighter.

Title: Re: Money Sense
Post by: Blazor on April 07, 2020, 08:46:06 PM

I must be tipsy, for some reason I read this thread as Monkey See. Carry on, I see no monkeys lol.

Title: Re: Money Sense
Post by: caskur on April 13, 2020, 05:01:38 AM

I am very, very, very unhappy about losing over $20,000 on our retirement fund...

Title: Re: Money Sense
Post by: Anonymous on April 13, 2020, 10:14:25 AM

~~Quote from: "caskur"~~I am very, very, very unhappy about losing over $20,000 on our retirement fund...

Is that from the time markets bottomed out about two weeks ago? They have recovered a lot of their losses. They are about where they were in 2016. It should still be up over a period of roughly six years. I assume you have your money invested in a conservative basket like our mutual funds. Hang on, it will come back. They always do.

Title: Re: Money Sense
Post by: caskur on April 14, 2020, 01:47:52 AM

We've been hit three times... I'm thoroughly sickened by it...

I've never trusted superannuation... the day our Labor PM Paul Keating made it compulsory was the day I knew it was going to bite us on the arse at a future date... I was studying German history at the time and thought our PM at the time was another Hitler acting like Hitler did. Hitler made all the workers pay weekly accounts to make VW. Then Hitler confiscated them and used them for his army...

I know full well that the only places that has real savings is Australian Superannuation and I bloody well know everybody wants to take it cause every other bloody country is broke arse and drowning in debt.

Title: Re: Money Sense
Post by: Anonymous on April 14, 2020, 12:46:18 PM

~~Quote from: "caskur"~~We've been hit three times... I'm thoroughly sickened by it...

I've never trusted superannuation... the day our Labor PM Paul Keating made it compulsory was the day I knew it was going to bite us on the arse at a future date... I was studying German history at the time and thought our PM at the time was another Hitler acting like Hitler did. Hitler made all the workers pay weekly accounts to make VW. Then Hitler confiscated them and used them for his army...

I know full well that the only places that has real savings is Australian Superannuation and I bloody well know everybody wants to take it cause every other bloody country is broke arse and drowning in debt.

I've heard of Australia's superannuation scheme but, I don't know enough to compare it to CPP in Canada or Quebec's pension plan. But, I thought you were talking about your own personal retirement plan.

Title: Re: Money Sense
Post by: caskur on April 15, 2020, 01:07:32 AM

~~Quote from: "seoulbro"~~
~~Quote from: "caskur"~~We've been hit three times... I'm thoroughly sickened by it...

I've never trusted superannuation... the day our Labor PM Paul Keating made it compulsory was the day I knew it was going to bite us on the arse at a future date... I was studying German history at the time and thought our PM at the time was another Hitler acting like Hitler did. Hitler made all the workers pay weekly accounts to make VW. Then Hitler confiscated them and used them for his army...

I know full well that the only places that has real savings is Australian Superannuation and I bloody well know everybody wants to take it cause every other bloody country is broke arse and drowning in debt.

I've heard of Australia's superannuation scheme but, I don't know enough to compare it to CPP in Canada or Quebec's pension plan. But, I thought you were talking about your own personal retirement plan.

Instead of getting the 9% interest on our super, it's nose dived over $20,000.

To me that is theft pure and simple.

A pox upon whoever caused this!~

Title: Re: Money Sense
Post by: Anonymous on April 15, 2020, 01:14:50 AM

~~Quote from: "caskur"~~
~~Quote from: "seoulbro"~~
~~Quote from: "caskur"~~We've been hit three times... I'm thoroughly sickened by it...

I've never trusted superannuation... the day our Labor PM Paul Keating made it compulsory was the day I knew it was going to bite us on the arse at a future date... I was studying German history at the time and thought our PM at the time was another Hitler acting like Hitler did. Hitler made all the workers pay weekly accounts to make VW. Then Hitler confiscated them and used them for his army...

I know full well that the only places that has real savings is Australian Superannuation and I bloody well know everybody wants to take it cause every other bloody country is broke arse and drowning in debt.

I've heard of Australia's superannuation scheme but, I don't know enough to compare it to CPP in Canada or Quebec's pension plan. But, I thought you were talking about your own personal retirement plan.

Instead of getting the 9% interest on our super, it's nose dived over $20,000.

To me that is theft pure and simple.

A pox upon whoever caused this!~

That depends on the risk level of your retirement plan..

Our mutual funds are still up nearly forty per cent over the last ten years, even with this pandemic depression.

Title: Re: Money Sense
Post by: @realAzhyaAryola on April 17, 2020, 11:37:22 AM

~~Quote from: "iron horse jockey"~~
~~Quote from: "@realAzhyaAryola"~~
~~Quote from: "seoulbro"~~
~~Quote from: "@realAzhyaAryola"~~
~~Quote from: "seoulbro"~~
~~Quote from: "@realAzhyaAryola"~~The economy is just awful. This could end the Trump presidency, do you think so? Perhaps no second term. Fickle voters will sabotage it. What do you think?

It won't likely end the Trudeau government, any of the Asian or European governments. It all depends on if the American voter thinks this is China's fault or Washington's fault. We'll see in November won't we.

I am not happy. I see "Trump-era gains are lost" and I see Biden winning in primaries, the virus is still not completely contained and prevented, I just wonder how my candidate will do in November. I am cranky today, very cranky.

As I said, if the Dems can convince voters this pandemic was Trump's fault and not China's, Biden wins. The US is the only country blaming their head of government for this global shut down.

This virus is not Trump's fault but he could lose his second term because of it if people choose to be idiots.

Americans are idiots. They will elect Biden who is the biggest China ass kisser in Washington. He will make the situation worse by keeping the US dependent on China for medicine. Just like Justin Trudeau.

You really think this is possible that Biden could win?

Title: Re: Money Sense
Post by: Anonymous on April 17, 2020, 04:47:50 PM

~~Quote from: "@realAzhyaAryola"~~
~~Quote from: "iron horse jockey"~~
~~Quote from: "@realAzhyaAryola"~~
~~Quote from: "seoulbro"~~
~~Quote from: "@realAzhyaAryola"~~
~~Quote from: "seoulbro"~~
~~Quote from: "@realAzhyaAryola"~~The economy is just awful. This could end the Trump presidency, do you think so? Perhaps no second term. Fickle voters will sabotage it. What do you think?

It won't likely end the Trudeau government, any of the Asian or European governments. It all depends on if the American voter thinks this is China's fault or Washington's fault. We'll see in November won't we.

I am not happy. I see "Trump-era gains are lost" and I see Biden winning in primaries, the virus is still not completely contained and prevented, I just wonder how my candidate will do in November. I am cranky today, very cranky.

As I said, if the Dems can convince voters this pandemic was Trump's fault and not China's, Biden wins. The US is the only country blaming their head of government for this global shut down.

This virus is not Trump's fault but he could lose his second term because of it if people choose to be idiots.

Americans are idiots. They will elect Biden who is the biggest China ass kisser in Washington. He will make the situation worse by keeping the US dependent on China for medicine. Just like Justin Trudeau.

You really think this is possible that Biden could win?

I don't know how he can make it through a debate with Trump.

Title: Re: Money Sense
Post by: @realAzhyaAryola on April 17, 2020, 11:09:14 PM

~~Quote from: "seoulbro"~~
~~Quote from: "@realAzhyaAryola"~~
~~Quote from: "iron horse jockey"~~
~~Quote from: "@realAzhyaAryola"~~
~~Quote from: "seoulbro"~~
~~Quote from: "@realAzhyaAryola"~~
~~Quote from: "seoulbro"~~
~~Quote from: "@realAzhyaAryola"~~The economy is just awful. This could end the Trump presidency, do you think so? Perhaps no second term. Fickle voters will sabotage it. What do you think?

It won't likely end the Trudeau government, any of the Asian or European governments. It all depends on if the American voter thinks this is China's fault or Washington's fault. We'll see in November won't we.

I am not happy. I see "Trump-era gains are lost" and I see Biden winning in primaries, the virus is still not completely contained and prevented, I just wonder how my candidate will do in November. I am cranky today, very cranky.

As I said, if the Dems can convince voters this pandemic was Trump's fault and not China's, Biden wins. The US is the only country blaming their head of government for this global shut down.

This virus is not Trump's fault but he could lose his second term because of it if people choose to be idiots.

Americans are idiots. They will elect Biden who is the biggest China ass kisser in Washington. He will make the situation worse by keeping the US dependent on China for medicine. Just like Justin Trudeau.

You really think this is possible that Biden could win?

I don't know how he can make it through a debate with Trump.

I will have a meltdown if Biden wins.

Title: Re: Money Sense
Post by: Anonymous on April 29, 2020, 04:13:26 PM

Stocks Rally, Dow Up 500 Points After Gilead's Coronavirus Treatment Shows 'Positive Data'

The stock market moved higher on Wednesday, despite a sharp drop in U.S. economic activity, after Gilead Sciences reported positive data on its remdesivir drug as a potential treatment for coronavirus.

The Dow Jones Industrial Average was up 2.2%, over 500 points, on Wednesday, while the S&P 500 rose 2.7% and the Nasdaq Composite gained 3.6%.

Shares of Gilead Sciences jumped nearly 6%, with the company reporting "positive data" emerging from a recent study using its antiviral drug remdesivir.

The National Institute of Allergy and Infectious Diseases said that a recent study of Gilead's remdesivir drug met its primary endpoint; Gilead also released the results of its own study, showing improvement in at least 50% of patients treated with remdesivir.

The Food and Drug Administration said later on Wednesday that it was in "ongoing" discussions to make remdesivir available to coronavirus patients "as quickly as possible," further boosting market sentiment.

https://www.forbes.com/sites/sergeiklebnikov/2020/04/29/stocks-rally-dow-up-500-points-after-gileads-coronavirus-treatment-shows-positive-data/#392d90f94301

We need readily available treatments or better yet, a vaccine to get the economy and the markets moving again. That goes without saying of course. Let's remdesvir does the trick.

Title: Re: Money Sense
Post by: Anonymous on April 29, 2020, 11:06:07 PM

Since the start of this pandemic on the S&P 500, as five stocks, Facebook Inc., Alphabet Inc., Amazon.com Inc, Apple Inc. and Microsoft Corp. now account for half of the entire index. In Canada, Shopify Inc. has become the second-most valuable company by market capitalization.

Netflix Inc. added 15.8 million subscribers in the first quarter, crushing its own forecast of seven million and analyst expectations of 8.47 million.

In retail, Target Corp. reported its digital sales have more than doubled in March and nearly tripled in April. Amazon Prime's U.S. membership alone has grown to 118 million members at the end of March.

Title: Re: Money Sense
Post by: Anonymous on April 29, 2020, 11:25:27 PM

~~Quote from: "seoulbro"~~Since the start of this pandemic on the S&P 500, as five stocks, Facebook Inc., Alphabet Inc., Amazon.com Inc, Apple Inc. and Microsoft Corp. now account for half of the entire index. In Canada, Shopify Inc. has become the second-most valuable company by market capitalization.

Netflix Inc. added 15.8 million subscribers in the first quarter, crushing its own forecast of seven million and analyst expectations of 8.47 million.

In retail, Target Corp. reported its digital sales have more than doubled in March and nearly tripled in April. Amazon Prime's U.S. membership alone has grown to 118 million members at the end of March.

I'm not surprised the coronavirus has been a boon for digital commerce.

Title: Re: Money Sense
Post by: @realAzhyaAryola on May 19, 2020, 12:42:47 PM

The market is so volatile.

Title: Re: Money Sense
Post by: Anonymous on May 20, 2020, 01:48:49 AM

~~Quote from: "@realAzhyaAryola"~~The market is so volatile.

We shut down the global economy. That is to be expected.

Title: Re: Money Sense
Post by: Anonymous on June 05, 2020, 05:38:04 PM

The Dow added 829 points to close at 27,110. The TSX was up 326 points to close at 15,854. WTI Oil was up $1.56 to close at $38.97. The CDN $ now sits at 74.47.

Title: Re: Money Sense
Post by: Anonymous on June 05, 2020, 06:23:01 PM

~~Quote from: seoulbro post_id=364879 time=1591393084 user_id=114~~
The Dow added 829 points to close at 27,110. The TSX was up 326 points to close at 15,854. WTI Oil was up $1.56 to close at $38.97. The CDN $ now sits at 74.47.

Our investments are better off now than they were in December..

That is because we continued to invest during the lock downs.

Title: Re: Money Sense
Post by: Anonymous on June 09, 2020, 05:09:30 PM

The U.S. presidential election is re-emerging as a potential risk to markets after a shift in polls that has seen President Donald Trump lose ground to Democrat Joe Biden.

A Democratic victory could threaten policies championed by Trump and generally favored by Wall Street, including lower corporate tax rates and fewer regulations, analysts said.

"A potential victory by Joe Biden ... and to a greater extent, a 'Democratic sweep,' are generally considered more market-unfriendly outcomes," analysts at BofA Global Research said in a recent note to clients.

Title: Re: Money Sense
Post by: Anonymous on June 11, 2020, 11:54:41 AM

Markets are tanking on fears of a second wave of the coronavirus.

Title: Re: Money Sense
Post by: Anonymous on June 26, 2020, 12:48:55 PM

It is not good South of the border. The US recorded it's most number of new infections yet today, and as a result of the resurgence in new cases, the Dow is cratering.

Global investors have baked in that Biden will win in November. Since Trump's election in 2016, US markets have outperformed their European counterparts by a country mile. That is changing now as the European reopening is not resulting in a spike in new infections like it is in the US.

Until there is a vaccine available to the masses South of the border, or an effective treatment, the economy will sputter. Americans are not following social distancing.

Title: Re: Money Sense
Post by: Thiel on August 07, 2020, 06:12:19 PM

Canada added 419,000 jobs in July. They were mostly part time service jobs in Ontario as they were one of the last provinces to reopen. What was an an unexpected good surprise was the United States added 1.76 million jobs even as so many states paused or reversed reopening. Markets closed up.

Title: Re: Money Sense
Post by: Anonymous on August 08, 2020, 01:47:17 PM

~~Quote from: Thiel post_id=374571 time=1596838339 user_id=1688~~
Canada added 419,000 jobs in July. They were mostly part time service jobs in Ontario as they were one of the last provinces to reopen. What was an an unexpected good surprise was the United States added 1.76 million jobs even as so many states paused or reversed reopening. Markets closed up.

North American markets would have done better, but further stimulus talks in the US are at an impasse.

Title: Re: Money Sense
Post by: Anonymous on August 11, 2020, 02:17:04 PM

Dow up more than 300 points, S&P 500 nears all-time high on Aug. 11, 2020 at 12:36 p.m. ET

US equities gained on Tuesday on new hopes for a capital-gains tax cut and wary optimism about a Russian coronavirus vaccine.

President Donald Trump said on Monday afternoon that he was considering lowering the US capital-gains tax. Such a move would increase investors' realized profits but would likely face legal challenges if done through an executive order.

Investors also mulled Russia's announcement that it had developed and approved the world's first successful coronavirus vaccine. While news of vaccine progress has previously lifted markets, the lack of phase-three testing of the vaccine has made several health authorities skeptical of its safety.

Oil gained after US COVID-19 hospitalizations sank to their lowest level in a month. West Texas Intermediate crude rose as much as 2.4%, to $42.94 per barrel.

Title: Re: Money Sense
Post by: Anonymous on August 11, 2020, 04:24:47 PM

I guess the rumour of lowering the capital gains tax, was only a rumour. Markets closed a bit lower today.

Title: Re: Money Sense
Post by: @realAzhyaAryola on August 19, 2020, 12:49:53 PM

S&P 500 rose to a record high yesterday. Good sign, no?

Title: Re: Money Sense
Post by: Anonymous on August 19, 2020, 01:41:07 PM

~~Quote from: @realAzhyaAryola post_id=376443 time=1597855793 user_id=73~~
S&P 500 rose to a record high yesterday. Good sign, no?

In theory, yes. But, only a handful of stocks are driving it. The markets will not truly reflect the state of the global economy until all sectors of the economy are functioning again. And that means a vaccine.

Title: Re: Money Sense
Post by: Anonymous on August 24, 2020, 08:10:57 PM

U.S. stocks rose to record highs and bonds fell on signs that the Trump administration may fast-track vaccines and treatments for coronavirus.

The S&P 500 notched another all-time high as optimism mounted that the virus wouldn't hamper growth. The Nasdaq Composite also closed a record for a second consecutive session. Companies that benefit from a more robust economic restart led the gains. Carnival Corp. and United Airlines Holdings Inc. surged more than 9%, while Kohl's Corp. and Gap Inc. jumped at least 7%. Casinos, carmakers and homebuilders joined the rally. Of the 11 S&P industry sectors, only health care finished lower.

Market sentiment was supported by news over the weekend that the U.S. Food and Drug Administration is working to expand access to a virus treatment involving blood plasma from recovered patients. Separately, the Financial Times reported that the Trump administration is considering whether to bypass regulatory standards to accelerate an experimental vaccine.

Title: Re: Money Sense
Post by: Anonymous on September 02, 2020, 06:43:58 PM

Markets are approaching all time highs again. The Dow closed at 29,100. The TSX composite index was up 52.98 points at 16,697.97. Gold is trending down as the global recovery takes hold and vaccines will be available in the near future. US Private payrolls rose by 428,000 in August, which was below the 1.17 million expectations. Economists expect the government's nonfarm payrolls report on Friday to show a gain of 1.32 million in August. Let's hope so.

Title: Re: Money Sense
Post by: Anonymous on October 27, 2020, 05:46:40 PM

Cenovus and Husky merged this week. The combined entity will become Canada's third-largest oil producer if the deal clears as expected in the first quarter of 2021 and boost Cenovus' output to 750,000 barrels per day. Consolidation in the industry is needed.

The merger follows on the heels of a few smaller moves in the Canadian sector, including Whitecap Resources Inc. buying NAL Resources Limited for $155 million in an all-stock deal and Canadian Natural Resources Ltd.'s $111 million purchase of Painted Pony Energy Ltd.

Analysts and critics alike have long called for consolidation in Canada's oil-and-gas sector. The problem was that due to the years-long bear market in energy, there was little capital to throw around and even less space available on balance sheets for additional debt.

Title: Re: Money Sense
Post by: Anonymous on October 28, 2020, 08:34:54 PM

The markets have been tanking the past ten days. What the hell is going on.

Title: Re: Money Sense
Post by: Anonymous on October 28, 2020, 09:29:29 PM

~~Quote from: Herman post_id=388597 time=1603931694 user_id=1689~~
The markets have been tanking the past ten days. What the hell is going on.

The US had five hundred thousand new infections in the past week. Europe had eight hundred thousand new cases. Countries are going back into lock downs.

Title: Re: Money Sense
Post by: Anonymous on November 09, 2020, 11:27:12 PM

U.S. stocks rose sharply on Monday after news broke of a major development in producing a COVID-19 vaccine.

The Dow Jones Industrial Average skyrocketed more than 830 points, or approximately 3%, by the time markets closed Monday. The index shed some earlier gains by the afternoon but briefly hit an intraday record high.

Pharmaceutical giant Pfizer and partner Biotech said in a statement Monday morning that their vaccine was "found to be more than 90% effective in preventing COVID-19" according to an early analysis that included 94 confirmed cases of COVID-19 in trial participants, which seemed to spark the morning market rally.

Chris Zaccarelli, chief investment officer for Independent Advisor Alliance, called that this news a "game-changer" in a commentary Monday morning.

"To the extent that consumer spending and economic activity have been suppressed by concerns of the increasing Covid cases, anything that can reverse that trend will be welcomed by the markets," Zaccarelli added.

Title: Re: Money Sense
Post by: Anonymous on November 17, 2020, 09:45:55 AM

U.S. stocks surged on Nov. 16 as news of vaccine breakthroughs continue to fuel the market rally.

The Dow Jones Industrial Average rose more than 470 points, closing at a record high of 29,950, after biotech firm Moderna Inc. announced that its coronavirus vaccine candidate was 94.5 percent effective in an preliminary look at study results.

Since the start of this month, the Dow has risen more than 10 percent and is edging toward the 30,000 mark, a key milestone for the index.

Title: Re: Money Sense
Post by: Anonymous on November 25, 2020, 10:39:11 AM

Canada's main stock index surged higher Tuesday alongside other North American markets, as the Dow Jones industrial average passed the 30,000-mark for the first time.

The S&P/TSX composite index was up 179.72 points at 17,274.25, still shy of its February record high of 17,970.51.The S&P 500 index was up 57.82 points at 3,635.41, while the Nasdaq composite was up 156.15 points at 12,036.78.

The energy sector is helping the TSX on the path to its own record. Energy stocks gained nearly four per cent on Tuesday, with shares of Suncor Energy up 4.88 per cent and Enbridge Inc. up 3.98 per cent.

Suncor has announced a plan to become the operator of Syncrude's oilsands mine and upgrader works, while Enbridge Inc. received approvals for U.S. federal permits for its Line 3 project. The January crude contract was up US$1.85 at US$44.91 per barrel and the January natural gas contract was up 7.7 cents at US$2.90 per mmBTU.

The Canadian dollar traded for 76.73 cents US on Tuesday, compared with 76.44 cents US on Monday.

There are still a lot of tough months ahead of us. On the virus front, lockdowns are expanding. Investors should be aware of that and not get too ahead of themselves.

Title: Re: Money Sense
Post by: Anonymous on December 03, 2020, 10:20:11 AM

If you're working from home because of the pandemic, you may qualify for a tax credit up to $400.

The amount is up to $400 and it's going to be based on the amount of time someone works from home, and there's going to be no need to track or detail your expenses

Title: Re: Money Sense
Post by: Anonymous on December 15, 2020, 04:19:59 PM

Shareholders of two rival energy companies voted overwhelmingly in favour of joining forces today, clearing the way for Cenovus Energy Inc.'s $3.8-billion friendly takeover of Husky Energy Inc.

The endorsement by investors of both Calgary-based companies was resounding, with more than 90 per cent of votes cast in favour of the acquisition.

The combined company would create the third-largest Canadian oil and natural gas producer by total production.

The transaction announced in October is expected to close in the first quarter of 2021, pending regulatory approvals.

Title: Re: Money Sense
Post by: Anonymous on January 06, 2021, 04:51:04 PM

A report from Deloitte Canada says there's reason to believe the energy sector is poised for a rebound in 2021 as demand starts to exceed supply.

International crude oil prices have been relatively level over the last few months and Deloitte is forecasting the price of WTI crude oil will average $46 US per barrel in 2021, a level that Botterill says will take some pressure off companies.

"It's at a point where it allows companies the flexibility to look at spending money again, and getting rigs out and trying to spend some capital," he said.

Deloitte sees the price of WTI rising to $54 US in 2022 and reaching $61 US by 2024.

The report also notes that prices for natural gas rose in 2020, with prices at their strongest in years, up 25 per cent year-over-year as Canadian producers increased shipments to the United States and eastern Canadian markets and accessed storage in summer months.

The higher prices have boosted winter drilling schedules and increased production volumes above those of one year ago, the report said.

Title: Re: Money Sense
Post by: Anonymous on January 11, 2021, 03:26:39 PM

Shares of Twitter on Monday dropped 12 percent, after the company banned President Donald Trump and a slew of other conservatives.

Shares dropped after the market opened on Monday, reaching a low of $45.17. Twitter shares closed at $51.48 on Jan. 8.

Title: Re: Money Sense
Post by: Anonymous on January 19, 2021, 08:44:18 PM

On Trump's inauguration in January 2016, markets looked like this:

The Dow was at 19,827.25

The Standard & Poor's 500 2,271.31.

The Nasdaq 5,555.33.

Here's the closing day numbers on Trump's last day in office:

The Dow- 30, 930.52

S&P 500 index 500- 3,798.91

Nasdaq- 13,197.18

Even with the once in a century pandemic, the Dow was up over 56 percent, S&P was up over 57 percent and the the Nasdaq soared nearly 238 percent all under Trump's watch.

Title: Re: Money Sense
Post by: @realAzhyaAryola on January 29, 2021, 01:01:14 PM

~~Quote from: seoulbro post_id=398453 time=1611107058 user_id=114~~
On Trump's inauguration in January 2016, markets looked like this:

The Dow was at 19,827.25

The Standard & Poor's 500 2,271.31.

The Nasdaq 5,555.33.

Here's the closing day numbers on Trump's last day in office:

The Dow- 30, 930.52

S&P 500 index 500- 3,798.91

Nasdaq- 13,197.18

Even with the once in a century pandemic, the Dow was up over 56 percent, S&P was up over 57 percent and the the Nasdaq soared nearly 238 percent all under Trump's watch.

I suppose that's a good thing for Trump, eh?

Title: Re: Money Sense
Post by: @realAzhyaAryola on January 29, 2021, 01:01:36 PM

I am trying to follow this GameStop issue but I can't wrap my mind around it.

Title: Re: Money Sense
Post by: Anonymous on January 29, 2021, 05:10:23 PM

~~Quote from: @realAzhyaAryola post_id=399930 time=1611943274 user_id=73~~
~~Quote from: seoulbro post_id=398453 time=1611107058 user_id=114~~
On Trump's inauguration in January 2016, markets looked like this:

The Dow was at 19,827.25

The Standard & Poor's 500 2,271.31.

The Nasdaq 5,555.33.

Here's the closing day numbers on Trump's last day in office:

The Dow- 30, 930.52

S&P 500 index 500- 3,798.91

Nasdaq- 13,197.18

Even with the once in a century pandemic, the Dow was up over 56 percent, S&P was up over 57 percent and the the Nasdaq soared nearly 238 percent all under Trump's watch.

I suppose that's a good thing for Trump, eh?

It was good for us and our retirement savings.

Title: Re: Money Sense
Post by: Anonymous on January 29, 2021, 05:15:59 PM

~~Quote from: @realAzhyaAryola post_id=399931 time=1611943296 user_id=73~~
I am trying to follow this GameStop issue but I can't wrap my mind around it.

Neither can I.

Title: Re: Money Sense
Post by: Anonymous on March 21, 2021, 09:11:56 PM

Canadian Pacific bought Kansas City Southern for $25 billion or $275 per share. They will also assume $3.8 of their debt. We shall see how this affects CP's share price on Monday.

Title: Re: Money Sense
Post by: Anonymous on March 22, 2021, 05:09:27 PM

It is the top merger and acquisition deal announced in 2021 and the biggest merger involving two rail companies, though it ranks behind Berkshire Hathaway's purchase of BNSF in 2010 for $26.4 billion. No doubt, cancelling KXL hastened CP's purchase of KCS.

Title: Re: Money Sense
Post by: Anonymous on April 21, 2021, 03:31:16 PM

Canadian National said on Wednesday it had notified the U.S. Surface Transportation Board of its intent to buy Kansas City Southern after it made an unsolicited $30 billion bid for the U.S. railroad.

Canadian National had informed the STB, which oversees freight rail service and rates in the United States, that it plans to file an application, seeking permission to combine with Kansas City Southern, the company said.

The company's offer trumps a $25 billion bid made by rival Canadian Pacific for Kansas City Southern in March.

Title: Re: Money Sense
Post by: Anonymous on April 27, 2021, 11:25:57 AM

Almost 20% of all US dollars were created last year. That is an early warning of inflation.

Due to the new President's policies and overprinting of the dollar, it wasn't a surprise that many billionaires and analysts have recently issued warnings about inflation and forecasted that a market correction is imminent.

Title: Re: Money Sense
Post by: Anonymous on May 05, 2021, 04:09:42 PM

Some economists have been warning for months that excessive government spending to help the country recover from the pandemic-induced recession could overheat the economy and fuel inflation.

Americans have started to see prices jump across a variety of products in recent weeks. And worldwide commodity shortages that have led to price hikes for many raw materials are the latest signs that inflation could be building rapidly.

While Fed officials state that they retain sufficient tools to control inflation, prominent economists voice concerns that the central bank may end up waiting too long before taking action.

There are many indicators that say the economy has picked up, but the policy hasn't adjusted to that, according to Stanford University economist John Taylor.

Title: Re: Money Sense
Post by: Anonymous on May 06, 2021, 04:37:58 PM

The Canadian dollar topped 82 cents today for the first time since 2017.

Title: Re: Money Sense
Post by: Anonymous on May 07, 2021, 01:29:30 AM

U.S. railway regulator approves CP Rail voting trust for KCS. Now CN Rail expects the same.

Title: Re: Money Sense
Post by: Anonymous on May 07, 2021, 02:14:15 AM

~~Quote from: Herman post_id=410232 time=1620365370 user_id=1689~~
U.S. railway regulator approves CP Rail voting trust for KCS. Now CN Rail expects the same.

CN pulled the same sneaky trick with BC Rail. CP made the initial offer for that little railway.

Title: Re: Money Sense
Post by: Anonymous on May 12, 2021, 01:50:50 PM

The markets have been on a roller coaster ride lately.

Title: Re: Money Sense
Post by: Anonymous on May 13, 2021, 11:20:16 AM

Inflation spiked 4.2% In April hitting 13-year high as price concerns rock the market.

Title: Re: Money Sense
Post by: Anonymous on May 13, 2021, 12:18:23 PM

~~Quote from: seoulbro post_id=410837 time=1620919216 user_id=114~~
Inflation spiked 4.2% In April hitting 13-year high as price concerns rock the market.

The stock markets have become so volatile lately.

Title: Re: Money Sense
Post by: Anonymous on May 13, 2021, 02:28:36 PM

~~Quote from: Velvet post_id=410845 time=1620922703 user_id=2021~~
~~Quote from: seoulbro post_id=410837 time=1620919216 user_id=114~~
Inflation spiked 4.2% In April hitting 13-year high as price concerns rock the market.

The stock markets have become so volatile lately.

I thought the roller coaster ride would've ended now that we're well into the vaccine rollouts.

Title: Re: Money Sense
Post by: Anonymous on May 14, 2021, 02:52:31 PM

~~Quote from: Fashionista post_id=410872 time=1620930516 user_id=3254~~
~~Quote from: Velvet post_id=410845 time=1620922703 user_id=2021~~
~~Quote from: seoulbro post_id=410837 time=1620919216 user_id=114~~
Inflation spiked 4.2% In April hitting 13-year high as price concerns rock the market.

The stock markets have become so volatile lately.

I thought the roller coaster ride would've ended now that we're well into the vaccine rollouts.

The markets have reservations about Biden's economoc agenda, as they should.

Retail sales in the United States unexpectedly stalled in April. But, vaccinated Americans are patronising restaurants and bars after being cooped up at home for more than a year. US households have accumulated at least $2.3 trillion in excess savings during the coronavirus pandemic, which should underpin spending this year.

Some economists said the neutral retail sales report could ease financial market concerns about inflation that were fanned by reports this week showing strong increases in consumer and producer prices in April. Stocks on Wall Street were trading higher.

Title: Re: Money Sense
Post by: Anonymous on May 14, 2021, 03:32:05 PM

Canadian Pacific Railway Ltd. continues to reject suggestions that it needs to increase its bid for Kansas City Southern to fend off a rival offer from Canadian National Railway Co. that the U.S. railway has deemed superior.

Title: Re: Money Sense
Post by: Anonymous on May 20, 2021, 05:11:13 PM

If CP is unsuccessful in it's bid to buy KCS, the strong track record of the remaining smallest Class 1 railroad would make it an attractive takeover target. It would be a shame to lose such an iconic Canadian company.

Title: Re: Money Sense
Post by: Anonymous on May 26, 2021, 09:32:25 PM

World stocks will continue to rise this year on robust economic and earnings recoveries but any quickening of inflation would temper that enthusiasm.

Title: Re: Money Sense
Post by: Anonymous on June 18, 2021, 03:26:01 PM

The prices of commodities were falling sharply on Thursday, cutting into months of gains and weighing on equity markets, as China takes steps to cool off rising prices and the U.S. dollar strengthens.

Thursday's move continued a slide that began earlier in the week, thanks in part to actions by Chinese regulators.

A Chinese government agency announced a plan on Wednesday to release reserves of key metals, including copper and aluminum, according to Reuters. Officials in the country have also warned about speculation in financial markets in recent weeks.

Title: Re: Money Sense
Post by: Anonymous on June 23, 2021, 11:25:37 AM

With economic activity revving up again amid soaring vaccination rates and signs of inflation, several analysts believe the Bank of Canada will start raising its trend-setting interest rate sometime in the second half of 2022.

The question is how rising borrowing costs might affect the housing market, which has grown to account for an outsized share of the country's $2.4-trillion economy.

"That's the number one issue facing the Canadian economy: the increased sensitivity to higher interest rates," says Benjamin Tal, deputy chief economist at CIBC.

Title: Re: Money Sense
Post by: Anonymous on July 07, 2021, 01:05:53 PM

Last year, Tax Freedom Day landed on May 17. This year, Tax Freedom Day arrives a week later than last year.

Title: Re: Money Sense
Post by: Anonymous on July 08, 2021, 09:25:31 PM

A Reuters poll of economists who also said a spread of new COVID-19 variants was the top economic risk this year.

Title: Re: Money Sense
Post by: Anonymous on July 09, 2021, 12:04:06 PM

Oil prices and frackers' free cash flow are both at multi-year highs, often a sign the industry needs to ramp up investment in new projects.

But compared to pre-pandemic, US oil production is down two million barrels and active oil rigs are sitting at just half previous levels.

Oil is trading above $70 but US shale producers aren't reaping the rewards, as gun-shy investors favor debt reduction over flashy drilling projects, according to a new report from the Wall Street Journal.

Oil prices and frackers' free cash flow are both at multi-year highs, normally a sign that the industry needs to quickly ramp up investment in new projects. But compared to before the pandemic, US oil production is down two million barrels and active oil rigs are sitting at just half previous levels, according to Baker Hughes data cited by the Journal.

Skittish investors - burned before by shale drillers who had aggressively ridden past oil booms - are behind the lower production levels, as they lobby producers to prioritize debt reduction.

Skittish investors are behind the lower production levels, as they lobby producers to prioritize debt reduction.

Title: Re: Money Sense
Post by: Anonymous on July 11, 2021, 01:39:45 PM

Fundstrat's Tom Lee says the stock market is on track to continue its uptrend and surge as much as 9% by year-end.

Lee said the S&P 500 could surge to 4,700 by year-end as "strong markets stay strong," representing potential upside of 9% from Thursday's close. That move higher will likely be driven by cyclical stocks as interest rates drift back towards their recent cycle-high of 1.75%.

Title: Re: Money Sense
Post by: Anonymous on July 12, 2021, 03:43:12 PM

Inflation, of course, means the reduction of purchasing power for every dollar in your pocket — and it's coming lightning quick.

The Fed's preferred inflation gauge — the overall PCE index, which includes food and energy prices — rose 3.9% in May, nearly double the central bank's 2% target," the Wall Street Journal reported.

The Wall Street Journal recently spoke to several prominent economists who relayed a grim forecast about the near future of the American economy.

In fact, they're predicting that inflation will rise to levels not seen since the early 1990s — and expectations have worsened since April.

From WSJ:

The respondents on average now expect a widely followed measure of inflation, which excludes volatile food and energy components, to be up 3.2% in the fourth quarter of 2021 from a year before. They forecast the annual rise to recede to slightly less than 2.3% a year in 2022 and 2023. That would mean an average annual increase of 2.58% from 2021 through 2023, putting inflation at levels last seen in 1993.

"We are transitioning to a higher period of inflation and interest rates than we've had over the last 20 years," Joel Naroff, chief economist at Naroff Economics LLC, said.

"Inflation is expected to surge longer and longer — longer than the Fed previously thought," Diane Swonk, chief economist at Grant Thornton, explained. "The Fed is now likely to raise rates in the first half of 2023, although some Fed presidents will be nipping at the bit to move sooner.

Title: Re: Money Sense
Post by: Anonymous on July 18, 2021, 04:26:32 PM

OPEC+ ministers agreed on Sunday to boost oil supply from August to cool prices which have climbed to 2-1/2 year highs as the global economy recovers from the coronavirus pandemic.

The group, which includes OPEC countries and allies like Russia, crucially agreed new production allocations from May 2022 after Saudi Arabia and others agreed to a request from the United Arab Emirates (UAE) that had threatened the plan.

Oil prices have dropped on speculation of production increases.

Title: Re: Money Sense
Post by: Anonymous on July 18, 2021, 05:19:39 PM

~~Quote from: seoulbro post_id=416091 time=1626639992 user_id=114~~
OPEC+ ministers agreed on Sunday to boost oil supply from August to cool prices which have climbed to 2-1/2 year highs as the global economy recovers from the coronavirus pandemic.

The group, which includes OPEC countries and allies like Russia, crucially agreed new production allocations from May 2022 after Saudi Arabia and others agreed to a request from the United Arab Emirates (UAE) that had threatened the plan.

Oil prices have dropped on speculation of production increases.

While Jim Crow Joe is firing American pipeline workers, and banning drilling leases on federal lands he lifts sanctions on a Russian pipeline and leans on OPEC to produce more. What a piece of shit he is.

Title: Re: Money Sense
Post by: Anonymous on July 20, 2021, 12:59:01 AM

Oil and stocks took a pounding today on fears of the Delta variant and production increases among OPEC and Russia,

Title: Re: Money Sense
Post by: Anonymous on July 20, 2021, 09:19:37 AM

~~Quote from: Herman post_id=416171 time=1626757141 user_id=1689~~
Oil and stocks took a pounding today on fears of the Delta variant and production increases among OPEC and Russia,

We are a long way from the end yet.

Title: Re: Money Sense
Post by: Anonymous on July 20, 2021, 11:19:39 AM

~~Quote from: Herman post_id=416171 time=1626757141 user_id=1689~~
Oil and stocks took a pounding today on fears of the Delta variant and production increases among OPEC and Russia,

The Canadian dollar is down about three cents from about two weeks ago. The TSX is doing well as we are doing better than the US with vaccinations. The Dow is taking a big hit.

Title: Re: Money Sense
Post by: Anonymous on July 20, 2021, 01:59:49 PM

The drop in oil prices due to the combination of production increases by the OPEC + bloc and fears of Delta are probably just a hiccup.

I like Halliburton Energy Services. The company has strong margins from its fracking business. Halliburton's venture into the cloud and artificial intelligence, which allows the company to use less capex and human capital to create revenue. I see the stock jumping to $30 a share within 12 to 18 months.

Title: Re: Money Sense
Post by: Anonymous on July 22, 2021, 11:08:02 AM

The Canadian well service business is up five-fold from last July, supported by commodity prices and the Canadian well abandonment program.

The outlook for the overall Canadian market over the next 12 months remains exceptionally bright.

Title: Re: Money Sense
Post by: Anonymous on July 25, 2021, 01:40:11 PM

I like Cenovus. It is now well on the way to reaching the company's balance sheet goals, and its operations continue to perform well.

Title: Re: Money Sense
Post by: Anonymous on July 29, 2021, 06:27:19 PM

The oilpatch rebound is here: Suncor, Cenovus swing to profit amid higher oil prices, reopening economies.

Suncor Energy Inc. and Cenovus Energy Inc., two of Canada's three largest oil companies, reported better-than-expected quarterly profits Thursday and announced they cumulatively spent close to $2 billion on a combination of share buybacks, dividends and debt repayment in the second quarter.

Title: Re: Money Sense
Post by: Anonymous on August 04, 2021, 03:28:40 PM

Robinhood surges more than 24%, blows past $38 IPO price. Robinhood's stock closed at $46.80 per share, up 24.2% on Tuesday.

Title: Re: Money Sense
Post by: Anonymous on August 09, 2021, 04:37:17 PM

US stocks declined from record highs on Monday amid a steep sell-off in commodity prices sparked by economic growth concerns.

Oil prices fell as much as 5% to around $65 per barrel on Monday, representing a decline of 13% from last months high of $75. The decline in oil prices came after Goldman Sachs lowered its economic growth forecast for China.

Goldman said the spread of the Delta variant of COVID-19 in China represents a challenge for the country due to low vaccination rates. The bank lowered its third-quarter China GDP forecast to 2.3% from 5.8% in a Monday note.

Title: Re: Money Sense
Post by: Anonymous on August 09, 2021, 05:08:47 PM

~~Quote from: seoulbro post_id=417700 time=1628541437 user_id=114~~
US stocks declined from record highs on Monday amid a steep sell-off in commodity prices sparked by economic growth concerns.

Oil prices fell as much as 5% to around $65 per barrel on Monday, representing a decline of 13% from last months high of $75. The decline in oil prices came after Goldman Sachs lowered its economic growth forecast for China.

Goldman said the spread of the Delta variant of COVID-19 in China represents a challenge for the country due to low vaccination rates. The bank lowered its third-quarter China GDP forecast to 2.3% from 5.8% in a Monday note.

Just when it looked like we had turned a corner.

:sad:

Title: Re: Money Sense
Post by: Anonymous on September 13, 2021, 10:47:42 AM

Inflation is running hotter than previously anticipated, and prices are slated to rise an additional 2 to 3 percent over the second half of 2021.

Title: Re: Money Sense
Post by: Anonymous on September 14, 2021, 03:39:31 AM

The CN and Kansas City Southern merger was denied. KCS has agreed to be purchased by CP. :thumbup:

Title: Re: Money Sense
Post by: Anonymous on September 14, 2021, 12:00:03 PM

~~Quote from: "iron horse jockey" post_id=420375 time=1631605171 user_id=2015~~
The CN and Kansas City Southern merger was denied. KCS has agreed to be purchased by CP. :thumbup:

I saw that. It's good for competition that the CN offer was denied. And KCS made a cool $1 billion out of it.

Title: Re: Money Sense
Post by: Anonymous on September 20, 2021, 09:01:56 PM

Stocks slid Monday, with major indices tumbling by over 2% during the worst points of the afternoon session, as investors nervously eyed the potential ripple effects of the default of a major Chinese real estate company, as well as ongoing debates over the debt limit in Washington.

After defying gravity for most of the summer, September is shaping up to be a tough month for markets, with major benchmarks in retreat for a third consecutive week. At its worst point of the day, the Dow dropped by as many as 972 points, or 2.8%. However, the index closed pared losses to close lower by 1.8%, posting its worst session since July. The S&P 500 and Nasdaq each posted their worst one-day drops since mid-May.

Shares of China Evergrande Group (3333.HK) plunged by 10% on the Hong Kong Stock Exchange as fears mounted that the Chinese real estate juggernaut would collapse under a major debt burden, impacting shareholders, bondholders and potentially triggering turmoil elsewhere across global markets. The specter of a broader crackdown by the Chinese government on Hong Kong's real estate sector further added to concerns.

"While the Evergrande situation is front and center, the reality is, stock market valuations are overstretched and the market has enjoyed too long of a break from volatility and Monday's stock market declines are not surprising," said David Bahnsen, chief investment officer at wealth management firm The Bahnsen Group, with over $3 billion in assets under management.

Title: Re: Money Sense
Post by: Anonymous on September 20, 2021, 09:21:34 PM

~~Quote from: seoulbro post_id=420953 time=1632186116 user_id=114~~
Stocks slid Monday, with major indices tumbling by over 2% during the worst points of the afternoon session, as investors nervously eyed the potential ripple effects of the default of a major Chinese real estate company, as well as ongoing debates over the debt limit in Washington.

After defying gravity for most of the summer, September is shaping up to be a tough month for markets, with major benchmarks in retreat for a third consecutive week. At its worst point of the day, the Dow dropped by as many as 972 points, or 2.8%. However, the index closed pared losses to close lower by 1.8%, posting its worst session since July. The S&P 500 and Nasdaq each posted their worst one-day drops since mid-May.

Shares of China Evergrande Group (3333.HK) plunged by 10% on the Hong Kong Stock Exchange as fears mounted that the Chinese real estate juggernaut would collapse under a major debt burden, impacting shareholders, bondholders and potentially triggering turmoil elsewhere across global markets. The specter of a broader crackdown by the Chinese government on Hong Kong's real estate sector further added to concerns.

"While the Evergrande situation is front and center, the reality is, stock market valuations are overstretched and the market has enjoyed too long of a break from volatility and Monday's stock market declines are not surprising," said David Bahnsen, chief investment officer at wealth management firm The Bahnsen Group, with over $3 billion in assets under management.

It seems the past three weeks have been negative.

Title: Re: Money Sense
Post by: Anonymous on September 21, 2021, 10:53:44 AM

This could trigger a global slow down.

China's public debt already stands at 270 percent of GDP, and non-performing loans have hit $466.9 billion. In addition to existing economic challenges, real estate giant Evergrande Group has signaled that it may default on payments owed to creditors.

China's second largest developer has been facing a liquidity crisis, as its onshore bond trading has been suspended. Without access to funding, Evergrande will find it impossible to pay suppliers, finish projects, or raise income, making default more likely—an eventuality which could send ripples through the entire Chinese economy.

Evergrande made $110 billion in sales last year and has $355 billion in assets. In June, it failed to pay some commercial paper and the government froze a $20 million bank account. The company now owes total liabilities of $305 billion, making it the most indebted real estate developer in the world. It is also the largest issuer of dollar junk bonds in Asia. Evergrande owes money to 128 banks and over 121 non-banking institutions. Consequently, the company's stock price has dropped by 90 percent over the past 14 months, while its bonds were trading at 60 to 70 percent below par.

Title: Re: Money Sense
Post by: cc on September 27, 2021, 04:00:06 PM

Not sure where to put this, so I'll place it here

IRS would track all bank transactions over $600 under Biden plan; Businesses revolt (//https)

A major component of President Joe Biden's plan to raise revenue to pay for his trillions of dollars in new federal spending is now under fire from trade associations across the country.

The Biden administration has made clear its plan to beef up IRS auditing by expanding the agency's funding and power. Biden's latest proposal would require banks to turn over to the Internal Revenue Service bank account information for all accounts holding more than $600.

In a sharp pushback against the proposal, more than 40 trade associations, some of which represent entire industries or economic sectors, signed a letter to U.S. House Speaker Nancy Pelosi, D-Calif., and Minority Leader Kevin McCarthy, R-Calif., raising the alarm about the plan.

The letter, which includes the support of several banking coalitions, calls on Congress to reject that requirement, saying it violates customer privacy and would create an incredibly expensive and elaborate reporting requirement for the banks.

"While the stated goal of this vast data collection is to uncover tax dodging by the wealthy, this proposal is not remotely targeted to that purpose or that population," the letter said. "In addition to the significant privacy concerns, it would create tremendous liability for all affected parties by requiring the collection of financial information for nearly every American without proper explanation of how the IRS will store, protect, and use this enormous trove of personal financial information. We believe that this program is costly for all parties, not fit for purpose, and loaded with potential for unintended and serious negative consequences."

The groups argue it would target "almost every American" and question whether the IRS could keep that information secure from hackers and bad actors.

"The undersigned associations representing a cross-section of financial and business interests write to express our strong opposition to a proposal under consideration as part of the reconciliation package that would establish an expansive new tax information reporting regime that would directly impact almost every American and small business with an account at a financial institution," the letter said. "This proposal would create significant operational and reputational challenges for financial institutions, increase tax preparation costs for individuals and small businesses, and create serious financial privacy concerns. We urge members to oppose any efforts to advance this ill-advised new reporting regime."

Title: Re: Money Sense
Post by: Anonymous on September 28, 2021, 02:35:25 PM

~~Quote from: cc post_id=421538 time=1632772806 user_id=88~~
Not sure where to put this, so I'll place it here

IRS would track all bank transactions over $600 under Biden plan; Businesses revolt (//https)

A major component of President Joe Biden's plan to raise revenue to pay for his trillions of dollars in new federal spending is now under fire from trade associations across the country.

The Biden administration has made clear its plan to beef up IRS auditing by expanding the agency's funding and power. Biden's latest proposal would require banks to turn over to the Internal Revenue Service bank account information for all accounts holding more than $600.

In a sharp pushback against the proposal, more than 40 trade associations, some of which represent entire industries or economic sectors, signed a letter to U.S. House Speaker Nancy Pelosi, D-Calif., and Minority Leader Kevin McCarthy, R-Calif., raising the alarm about the plan.

The letter, which includes the support of several banking coalitions, calls on Congress to reject that requirement, saying it violates customer privacy and would create an incredibly expensive and elaborate reporting requirement for the banks.

"While the stated goal of this vast data collection is to uncover tax dodging by the wealthy, this proposal is not remotely targeted to that purpose or that population," the letter said. "In addition to the significant privacy concerns, it would create tremendous liability for all affected parties by requiring the collection of financial information for nearly every American without proper explanation of how the IRS will store, protect, and use this enormous trove of personal financial information. We believe that this program is costly for all parties, not fit for purpose, and loaded with potential for unintended and serious negative consequences."

The groups argue it would target "almost every American" and question whether the IRS could keep that information secure from hackers and bad actors.

"The undersigned associations representing a cross-section of financial and business interests write to express our strong opposition to a proposal under consideration as part of the reconciliation package that would establish an expansive new tax information reporting regime that would directly impact almost every American and small business with an account at a financial institution," the letter said. "This proposal would create significant operational and reputational challenges for financial institutions, increase tax preparation costs for individuals and small businesses, and create serious financial privacy concerns. We urge members to oppose any efforts to advance this ill-advised new reporting regime."

Just $600. That is wild.

Title: Re: Money Sense
Post by: Anonymous on September 28, 2021, 07:00:12 PM

~~Quote from: cc post_id=421538 time=1632772806 user_id=88~~
Not sure where to put this, so I'll place it here

IRS would track all bank transactions over $600 under Biden plan; Businesses revolt (//https)

A major component of President Joe Biden's plan to raise revenue to pay for his trillions of dollars in new federal spending is now under fire from trade associations across the country.

The Biden administration has made clear its plan to beef up IRS auditing by expanding the agency's funding and power. Biden's latest proposal would require banks to turn over to the Internal Revenue Service bank account information for all accounts holding more than $600.

In a sharp pushback against the proposal, more than 40 trade associations, some of which represent entire industries or economic sectors, signed a letter to U.S. House Speaker Nancy Pelosi, D-Calif., and Minority Leader Kevin McCarthy, R-Calif., raising the alarm about the plan.

The letter, which includes the support of several banking coalitions, calls on Congress to reject that requirement, saying it violates customer privacy and would create an incredibly expensive and elaborate reporting requirement for the banks.

"While the stated goal of this vast data collection is to uncover tax dodging by the wealthy, this proposal is not remotely targeted to that purpose or that population," the letter said. "In addition to the significant privacy concerns, it would create tremendous liability for all affected parties by requiring the collection of financial information for nearly every American without proper explanation of how the IRS will store, protect, and use this enormous trove of personal financial information. We believe that this program is costly for all parties, not fit for purpose, and loaded with potential for unintended and serious negative consequences."

The groups argue it would target "almost every American" and question whether the IRS could keep that information secure from hackers and bad actors.

"The undersigned associations representing a cross-section of financial and business interests write to express our strong opposition to a proposal under consideration as part of the reconciliation package that would establish an expansive new tax information reporting regime that would directly impact almost every American and small business with an account at a financial institution," the letter said. "This proposal would create significant operational and reputational challenges for financial institutions, increase tax preparation costs for individuals and small businesses, and create serious financial privacy concerns. We urge members to oppose any efforts to advance this ill-advised new reporting regime."

Herman posted this in Jim Crow Joe's 17 Greatest Achievements So Far..

I don't believe he knew where to put it either.

Title: Re: Money Sense
Post by: Anonymous on September 30, 2021, 11:15:05 PM

Could this happen. Stay tuned.

Someone is betting that oil will soar to a record US$200 per barrel

https://www.bnnbloomberg.ca/someone-is-betting-that-oil-will-soar-to-a-record-200-a-barrel-1.1659692?fbclid=IwAR1tFrl9Prk99bpc-E93NaGgjKTD1a6JyypPf4pMtLcVdZdL_R8vO8kTXoI

Could the energy crunch get so bad that oil prices hit US$200 a barrel? One options trader thinks so.

Brent US$200 calls for December 2022, options contracts that would profit a buyer from a rally toward that level, traded 1,300 times on Wednesday. While the contracts don't expire until October next year, they could profit from any sharp spike in prices this winter or next summer.

In a market where a single cargo of crude would currently fetch about US$160 million, the US$130,000 wager on oil reaching an all-time high is tiny. However, it reflects the fact that a growing number of options traders are betting that an energy crunch this winter may see prices rip higher.

It's not just US$200 calls that have been trading in recent days. Holdings in Brent US$100 calls through to the end of next year have climbed by 20,000 contracts this month.

Title: Re: Money Sense
Post by: Anonymous on September 30, 2021, 11:31:12 PM

~~Quote from: Herman post_id=421901 time=1633058105 user_id=1689~~
Could this happen. Stay tuned.

Someone is betting that oil will soar to a record US$200 per barrel

https://www.bnnbloomberg.ca/someone-is-betting-that-oil-will-soar-to-a-record-200-a-barrel-1.1659692?fbclid=IwAR1tFrl9Prk99bpc-E93NaGgjKTD1a6JyypPf4pMtLcVdZdL_R8vO8kTXoI

Could the energy crunch get so bad that oil prices hit US$200 a barrel? One options trader thinks so.

Brent US$200 calls for December 2022, options contracts that would profit a buyer from a rally toward that level, traded 1,300 times on Wednesday. While the contracts don't expire until October next year, they could profit from any sharp spike in prices this winter or next summer.

In a market where a single cargo of crude would currently fetch about US$160 million, the US$130,000 wager on oil reaching an all-time high is tiny. However, it reflects the fact that a growing number of options traders are betting that an energy crunch this winter may see prices rip higher.

It's not just US$200 calls that have been trading in recent days. Holdings in Brent US$100 calls through to the end of next year have climbed by 20,000 contracts this month.

That can't be good.

Title: Re: Money Sense
Post by: Anonymous on September 30, 2021, 11:51:00 PM

~~Quote from: Fashionista post_id=421908 time=1633059072 user_id=3254~~
~~Quote from: Herman post_id=421901 time=1633058105 user_id=1689~~
Could this happen. Stay tuned.

Someone is betting that oil will soar to a record US$200 per barrel

https://www.bnnbloomberg.ca/someone-is-betting-that-oil-will-soar-to-a-record-200-a-barrel-1.1659692?fbclid=IwAR1tFrl9Prk99bpc-E93NaGgjKTD1a6JyypPf4pMtLcVdZdL_R8vO8kTXoI

Could the energy crunch get so bad that oil prices hit US$200 a barrel? One options trader thinks so.

Brent US$200 calls for December 2022, options contracts that would profit a buyer from a rally toward that level, traded 1,300 times on Wednesday. While the contracts don't expire until October next year, they could profit from any sharp spike in prices this winter or next summer.

In a market where a single cargo of crude would currently fetch about US$160 million, the US$130,000 wager on oil reaching an all-time high is tiny. However, it reflects the fact that a growing number of options traders are betting that an energy crunch this winter may see prices rip higher.

It's not just US$200 calls that have been trading in recent days. Holdings in Brent US$100 calls through to the end of next year have climbed by 20,000 contracts this month.

That can't be good.

I would think so. And I worked in upstream oil and gas my entire life.

I want to read what the Seoul brother has to say about this.

Title: Re: Money Sense
Post by: Anonymous on October 01, 2021, 11:37:04 AM

~~Quote from: Fashionista post_id=421908 time=1633059072 user_id=3254~~
~~Quote from: Herman post_id=421901 time=1633058105 user_id=1689~~
Could this happen. Stay tuned.

Someone is betting that oil will soar to a record US$200 per barrel

https://www.bnnbloomberg.ca/someone-is-betting-that-oil-will-soar-to-a-record-200-a-barrel-1.1659692?fbclid=IwAR1tFrl9Prk99bpc-E93NaGgjKTD1a6JyypPf4pMtLcVdZdL_R8vO8kTXoI

Could the energy crunch get so bad that oil prices hit US$200 a barrel? One options trader thinks so.

Brent US$200 calls for December 2022, options contracts that would profit a buyer from a rally toward that level, traded 1,300 times on Wednesday. While the contracts don't expire until October next year, they could profit from any sharp spike in prices this winter or next summer.

In a market where a single cargo of crude would currently fetch about US$160 million, the US$130,000 wager on oil reaching an all-time high is tiny. However, it reflects the fact that a growing number of options traders are betting that an energy crunch this winter may see prices rip higher.

It's not just US$200 calls that have been trading in recent days. Holdings in Brent US$100 calls through to the end of next year have climbed by 20,000 contracts this month.

That can't be good.

It's a disaster in the making. Record spikes in the cost of energy affect everything. It couldn't happen at a worse possible time.

Trudeau and Biden are contributing to the problem with their absurd opposition to domestic energy prodution.

Title: Re: Money Sense
Post by: Anonymous on October 03, 2021, 12:23:59 PM

Shares of Merck & Co surged on positive clinical trial results of its experimental antiviral COVID-19 pill while high-flying stocks of vaccine companies and makers of other coronavirus therapies were bruised.

Merck shares jumped as much as 12.3 percent and hit their highest level since February 2020 after data showed the company's pill molnupiravir could halve the chances of dying or being hospitalized for those most at risk of contracting severe COVID-19.

Meanwhile, shares of vaccine makers such as Moderna Inc, Pfizer Inc, and partner BioNTech SE crumbled. Moderna shares fell 13 percent in midday trading, while Pfizer, which is developing a COVID-19 pill of its own, fell 1.3 percent. U.S. shares of BioNTech dropped 11 percent.

Title: Re: Money Sense
Post by: Anonymous on October 04, 2021, 05:08:41 PM

The Commerce Department's report showed that the 12-month rate of inflation edged up in August from 4.2% to 4.3% — the highest rate since 1991, when George H.W. Bush was president, according to MarketWatch.

"Stagflation is here," Bank of America global research analysts concluded following news of the report.

"This is the first week that markets realized that global growth could be weak and inflation more persistent," Athanasios Vamvakidis, BofA's global head of G10 FX strategy, told MarketWatch. "Energy-price increases were a wake-up call for markets, and the scenario that's now more likely to develop is one in which we get higher inflation and weaker output."

"We could easily see inflation at 3% to 4% for a while," added Gang Hu, a managing partner at WinShore Capital Partners. "We are not at the end of this supply-side destruction and are entering a period where nobody knows what transitory inflation means."

Wharton finance professor Jeremy Siegel, who is known for his accurate market predictions, told CNBC over the weekend, "We're headed for some trouble ahead."

"Inflation, in general, is going to be a much bigger problem than the Fed believes," he warned.

Title: Re: Money Sense
Post by: Anonymous on October 04, 2021, 05:32:05 PM

The financial woes of Evergrande have rippled through global financial markets, while investors are bracing for more volatility as Evergrande's situation unfolds. So, what is Evergrande, why is it in the news, what went wrong, and what might happen next?

What is Evergrande?

Evergrande is a behemoth of a property developer in China. It owns 1,300 projects in more than 280 cities and is China's largest property developer by sales.

But it does a lot more than property development. Its business has expanded to include theme parks, electric vehicles, financial services, mineral water and it even owns a soccer team (Guangzhou Evergrande FC).

Why is it in the News?

Evergrande is estimated to have an eye-watering $300 billion of debt and is now struggling to pay its creditors. On Sept. 23, Evergrande had $83.5 million in interest payments due on dollar-denominated bonds. The Wall Street Journal reported that investors did not receive the funds. Evergrande could be declared bankrupt if the interest payments aren't met within 30 days of the due date.

The ratings agency Standard and Poor's (S&P) has deemed an Evergrande default as "likely." As investors lose faith in the solvency of the company, Evergrande's share price has tumbled 80 percent year-to-date.

As the company scrambles to find funds, construction has stalled on its projects putting the future of the 1.4 million properties it committed to building in doubt. The situation has sparked protests at Evergrande headquarters in Shenzhen. Protestors included contractors owed money by Evergrande, and those who have paid for a home that may now never be delivered.

But the problem extends beyond the people Evergrande owes, and it could have far-reaching effects. Property plays a major role in China's economy. It accounts for around 25 percent of gross domestic product and is also the single largest source of household assets (accounting for around 60 percent of household assets). Thus how Evergrande's predicament unfolds could have major domestic and global consequences. A disorderly collapse of Evergrande could trigger a downward spiral in China's property market, which could derail domestic and global growth, and bring about social unrest as citizens see their wealth evaporate.

What Went Wrong?

Various regulatory, business, and economic factors have brewed the perfect storm that has resulted in Evergrande's financial troubles.

Over the years, Chinese authorities have enjoyed the benefits from a booming property market but have more recently become increasingly concerned about the risks the property market poses for financial stability. The Chinese Communist Party (CCP) has introduced different regulatory measures over the years designed to curb property prices. It even created a slogan to discourage property investment: "Houses are for living, not for speculation."

As part of this crackdown on property investment in August 2020, Chinese authorities directly targeted developers with their "three red lines" policy. This policy limited the amount of leverage that developers could have, and required developers to have sufficient cash to cover short-term debt.

These measures significantly stunted Evergrande, whose business model relied on aggressive borrowing to purchase land and build housing. To comply with these measures Evergrande has been forced to find ways to cut its debt and raise cash, but in March of this year Evergrande was still non-compliant with the "three red lines" and judged to be in the "red zone."

On top of all this, the pandemic-related lockdowns in 2020 effectively froze the property market for months, bringing down property sales leaving Evergrande strapped for cash.

What's Next?

This crisis is unlikely to be resolved quickly. Outside of the interest it owes immediately, Evergrande has debt that runs over many years. For just next year it has $7.6bn in bond payments due. Managing these debt obligations will be complex and challenging.

The authorities in Beijing are likely to step in on some level, but according to many analysts a total bail-out appears unlikely. A report from S&P Global Ratings also predicts that a bailout is unlikely, claiming Evergrande "is not too big to fail." Chinese authorities appear committed to their policy stance of discouraging property investment and lending, and bailing out Evergrande would undermine this agenda. But Evergrande's sheer size, profile, and interconnection with global and domestic financial markets will test their resolve.

This week, the regime's central bank vowed to protect homebuyer's interests, signaling that it may step in to cushion the blow from a potential fallout.

Chinese authorities could use their tight grip over the Chinese financial and banking sector to engineer some form of controlled debt restructuring. Market commentators believe individuals who have pre-bought their homes will be protected, with possibilities including getting other property developers or even local/regional authorities to take over unfinished projects.

Title: Re: Money Sense
Post by: Anonymous on October 05, 2021, 10:58:35 AM

West Texas Intermediate is trading close to eighty bucks a barrel this morning. OPEC+ failed to reach an agreement to get the kind of production increases Biden wanted, but will not permit in his own country. All the major North American indices are up significantly on early trading today.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Breakfall on October 06, 2021, 12:52:39 AM

~~Quote from: cc post_id=85551 time=1440127893 user_id=88~~
You know, Fash, this site is becomes an exceptional site, well organized, diverse, good people, good ideas, good posting

You just came up with another winning addition

You must be the forum brown_noser! How droll.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Anonymous on October 06, 2021, 12:54:46 AM

~~Quote from: Bonkerfist post_id=422534 time=1633495959 user_id=3358~~
~~Quote from: cc post_id=85551 time=1440127893 user_id=88~~
You know, Fash, this site is becomes an exceptional site, well organized, diverse, good people, good ideas, good posting

You just came up with another winning addition

You must be the forum brown_noser! How droll.

That is the Seoul brother. But, he is actually an alright guy.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Breakfall on October 06, 2021, 12:56:45 AM

~~Quote from: Herman post_id=422535 time=1633496086 user_id=1689~~
~~Quote from: Bonkerfist post_id=422534 time=1633495959 user_id=3358~~
~~Quote from: cc post_id=85551 time=1440127893 user_id=88~~
You know, Fash, this site is becomes an exceptional site, well organized, diverse, good people, good ideas, good posting

You just came up with another winning addition

You must be the forum brown_noser! How droll.

That is the Seoul brother. But, he is actually an alright guy.

The CC character? I was just asking Fash about it. Sounds like an uptight female. Lol

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Anonymous on October 06, 2021, 12:59:19 AM

~~Quote from: Bonkerfist post_id=422536 time=1633496205 user_id=3358~~
~~Quote from: Herman post_id=422535 time=1633496086 user_id=1689~~
~~Quote from: Bonkerfist post_id=422534 time=1633495959 user_id=3358~~
~~Quote from: cc post_id=85551 time=1440127893 user_id=88~~
You know, Fash, this site is becomes an exceptional site, well organized, diverse, good people, good ideas, good posting

You just came up with another winning addition

You must be the forum brown_noser! How droll.

That is the Seoul brother. But, he is actually an alright guy.

The CC character? I was just asking Fash about it. Sounds like an uptight female. Lol

I've posted with cc for many years now..

She's a very smart lady, passionate in what she believes in..

When she takes a stand about something she makes sure she can back up her arguments..

Any forum would like to have her exceptional wit and intelligence.

Title: Re: Money Sense
Post by: Anonymous on October 06, 2021, 01:02:39 AM

Ceec is a sharp gal.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Breakfall on October 06, 2021, 01:04:40 AM

~~Quote from: Fashionista post_id=422537 time=1633496359 user_id=3254~~
~~Quote from: Bonkerfist post_id=422536 time=1633496205 user_id=3358~~
~~Quote from: Herman post_id=422535 time=1633496086 user_id=1689~~
~~Quote from: Bonkerfist post_id=422534 time=1633495959 user_id=3358~~
~~Quote from: cc post_id=85551 time=1440127893 user_id=88~~
You know, Fash, this site is becomes an exceptional site, well organized, diverse, good people, good ideas, good posting

You just came up with another winning addition

You must be the forum brown_noser! How droll.

That is the Seoul brother. But, he is actually an alright guy.

The CC character? I was just asking Fash about it. Sounds like an uptight female. Lol

I've posted with cc for many years now..

She's a very smart lady, passionate in what she believes in..

When she takes a stand on something she makes sure she can back up her arguments..

Any forum would like to have her exceptional with and intelligence.

Exceptional wit and intelligence could be arguable, but I'll take your word for the moment.

Title: Re: Money Sense
Post by: Breakfall on October 06, 2021, 01:05:09 AM

~~Quote from: Herman post_id=422538 time=1633496559 user_id=1689~~
Ceec is a sharp gal.

I'm a sharp man. ac_dance

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Anonymous on October 06, 2021, 01:07:05 AM

~~Quote from: Bonkerfist post_id=422539 time=1633496680 user_id=3358~~
~~Quote from: Fashionista post_id=422537 time=1633496359 user_id=3254~~
~~Quote from: Bonkerfist post_id=422536 time=1633496205 user_id=3358~~
~~Quote from: Herman post_id=422535 time=1633496086 user_id=1689~~
~~Quote from: Bonkerfist post_id=422534 time=1633495959 user_id=3358~~

You must be the forum brown_noser! How droll.

That is the Seoul brother. But, he is actually an alright guy.

The CC character? I was just asking Fash about it. Sounds like an uptight female. Lol

I've posted with cc for many years now..

She's a very smart lady, passionate in what she believes in..

When she takes a stand on something she makes sure she can back up her arguments..

Any forum would like to have her exceptional with and intelligence.

Exceptional wit and intelligence could be arguable, but I'll take your word for the moment.

You'll like cc.

Title: Re: Money Sense
Post by: Anonymous on October 06, 2021, 01:07:56 AM

~~Quote from: Bonkerfist post_id=422540 time=1633496709 user_id=3358~~
~~Quote from: Herman post_id=422538 time=1633496559 user_id=1689~~
Ceec is a sharp gal.

I'm a sharp man. ac_dance

I have no reason to doubt you.

ac_smile

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Breakfall on October 06, 2021, 01:09:33 AM

~~Quote from: Fashionista post_id=422541 time=1633496825 user_id=3254~~
~~Quote from: Bonkerfist post_id=422539 time=1633496680 user_id=3358~~
~~Quote from: Fashionista post_id=422537 time=1633496359 user_id=3254~~
~~Quote from: Bonkerfist post_id=422536 time=1633496205 user_id=3358~~
~~Quote from: Herman post_id=422535 time=1633496086 user_id=1689~~

That is the Seoul brother. But, he is actually an alright guy.

The CC character? I was just asking Fash about it. Sounds like an uptight female. Lol

I've posted with cc for many years now..

She's a very smart lady, passionate in what she believes in..

When she takes a stand on something she makes sure she can back up her arguments..

Any forum would like to have her exceptional with and intelligence.

Exceptional wit and intelligence could be arguable, but I'll take your word for the moment.

You'll like cc.

Hahahaha...are you smirking? ac_biggrin

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Anonymous on October 06, 2021, 01:17:08 AM

~~Quote from: Bonkerfist post_id=422544 time=1633496973 user_id=3358~~
~~Quote from: Fashionista post_id=422541 time=1633496825 user_id=3254~~
~~Quote from: Bonkerfist post_id=422539 time=1633496680 user_id=3358~~
~~Quote from: Fashionista post_id=422537 time=1633496359 user_id=3254~~
~~Quote from: Bonkerfist post_id=422536 time=1633496205 user_id=3358~~

The CC character? I was just asking Fash about it. Sounds like an uptight female. Lol

I've posted with cc for many years now..

She's a very smart lady, passionate in what she believes in..

When she takes a stand on something she makes sure she can back up her arguments..

Any forum would like to have her exceptional with and intelligence.

Exceptional wit and intelligence could be arguable, but I'll take your word for the moment.

You'll like cc.

Hahahaha...are you smirking? ac_biggrin

No, not at all ..

It's bed time......goodnight Bonkerfist.

:2cdfr50_th:

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Breakfall on October 06, 2021, 01:26:31 AM

~~Quote from: Fashionista post_id=422549 time=1633497428 user_id=3254~~
~~Quote from: Bonkerfist post_id=422544 time=1633496973 user_id=3358~~
~~Quote from: Fashionista post_id=422541 time=1633496825 user_id=3254~~
~~Quote from: Bonkerfist post_id=422539 time=1633496680 user_id=3358~~
~~Quote from: Fashionista post_id=422537 time=1633496359 user_id=3254~~

I've posted with cc for many years now..

She's a very smart lady, passionate in what she believes in..

When she takes a stand on something she makes sure she can back up her arguments..

Any forum would like to have her exceptional with and intelligence.

Exceptional wit and intelligence could be arguable, but I'll take your word for the moment.

You'll like cc.

Hahahaha...are you smirking? ac_biggrin

No, not at all ..

It's bed time......goodnight Bonkerfist.

:2cdfr50_th:

Good sleeping Fash.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: Anonymous on October 06, 2021, 09:06:19 AM

~~Quote from: Herman post_id=422535 time=1633496086 user_id=1689~~
~~Quote from: Bonkerfist post_id=422534 time=1633495959 user_id=3358~~
~~Quote from: cc post_id=85551 time=1440127893 user_id=88~~
You know, Fash, this site is becomes an exceptional site, well organized, diverse, good people, good ideas, good posting

You just came up with another winning addition

You must be the forum brown_noser! How droll.

That is the Seoul brother. But, he is actually an alright guy.

Thanks. :sneaky2:

Title: Re: Money Sense
Post by: Anonymous on October 16, 2021, 11:41:37 AM

Stocks rose on Friday to post a robust weekly advance, with stronger-than-expected earnings and economic data helping lift the S&P 500 for a third consecutive day. The blue-chip index closed out the week higher by about 1.8% in its best one-week increase since July.

A new report from the Commerce Department showed an unexpected rise in U.S. retail sales in September and helped further lift sentiment, with consumer spending holding up more strongly than expected even given the latest rise in prices and lingering virus-related impacts.

This week's early batch of stronger-than-anticipated quarterly results has helped assuage investors' concerns over a sharp deceleration in corporate profits, especially as expenses mount for companies across industries in the face of higher input and labor costs.

S&P 500 (^GSPC): +33.11 (+0.75%) to 4,471.37

Dow (^DJI): +382.2 (+1.09%) to 35,294.76

Nasdaq (^IXIC): +73.91 (+0.5%) to 14,897.34

TSX close 20,928.10+108.16 (+0.52%)

Title: Re: Money Sense
Post by: Anonymous on October 21, 2021, 09:09:29 AM

Shares of China Evergrande Group fell by as much as 13.6 percent on Thursday as trade resumed in the latest blow to the debt-saddled developer, whose woes have rattled global markets.

The development comes after a two-week suspension in trade that started on Oct. 4.

The company announced late on Oct. 20 that it had failed to secure a $2.6 billion deal to sell a 50.1 percent stake in its property services arm to smaller rival Hopson Development Holdings, setting the conditions for a potentially disruptive default.

Evergrande Property Services Group's stock dropped by as much as 10.2 percent as trading in both companies' shares resumed.

Title: Re: Money Sense
Post by: Anonymous on October 25, 2021, 09:42:33 AM

The first interest rate hike could hit in April. The Bank of Canada, is expected on Wednesday to raise its inflation forecast and to largely end stimulus from its pandemic-era bond buying program, starting a countdown of sorts to the first interest rate hike since October 2018.

The central bank has pledged to keep rates at a record low 0.25% until economic slack is absorbed, which would happen in the second half of 2022 in its latest forecast, and has long maintained that the factors pushing up inflation are transitory-they are not.

Title: Re: Money Sense
Post by: Anonymous on October 28, 2021, 07:43:33 PM

Strong results for Crescent Point Energy Corp. in its latest quarter isn't just the result of high oil prices, but the result of an industry-wide focus on operational efficiencies and debt repayment during years of downturn, the company's chief executive said Thursday.

On Thursday, the Calgary-based company reported a third-quarter profit of $77.5 million or 13 cents per diluted share, up from $500,000 a year earlier.

Oil and gas sales totalled $826.7 million for the quarter ended Sept. 30, up from $437 million a year ago. On an adjusted basis, Crescent Point says its net earnings from operations were 24 cents per diluted share, up from 13 cents per diluted share in the same quarter last year.

The increase came as average daily production came in at 132,186 barrels of oil equivalent per day, up from 113,383 boe/d a year ago.

Title: Re: Money Sense
Post by: Anonymous on November 17, 2021, 08:03:39 PM

US oil prices slipped to their lowest in more than a month Wednesday amid a growing number of indications that could signal more supply.

Inventories at Cushing, Oklahoma — the delivery hub for the West Texas Intermediate crude futures contracts — rose by 216,000 barrels last week, according to the Energy Department's status report.

That marked the first increase after five consecutive declines and could be a clue on where the benchmark US oil price is headed.

WTI slipped 3% to settle at $78.36 per barrel on Wednesday, its lowest finish since October 7. Last month, oil prices hit the highest levels in seven years as major economies around the world simultaneously restarted after the devastation brought about by the pandemic lockdown.

Oil prices came under pressure earlier Wednesday, after the International Energy Agency's monthly report on Tuesday said rising supplies could ease tightness in crude markets. The energy watchdog added that US producers will account for a major share of additional supplies coming at the end of this year and next year.

Also Tuesday, OPEC said the oil group sees signs of an oil supply surplus building up. That's after OPEC in October agreed to keep its existing schedule of gradual hikes in oil production, ignoring growing calls for opening the taps at a faster rate to bring down prices.

Title: Re: Money Sense
Post by: Anonymous on November 17, 2021, 09:06:55 PM

Inflation has risen again! It's now at 4.7 per cent, meaning that a loonie will now lose roughly a nickel in value for every year it spends in your dresser drawer. The inflation rate last got this high for a brief period in 2003, but if it gets any higher our currency will be losing value at a speed that hasn't been seen since the Bad Old Days of the 1980s.

Inflation is inherently a problem of too much money in circulation, which causes it to be devalued. Which is why, in a recent note to clients, a Bank of Nova Scotia economist said that Liberal government plans to shovel even more money into the economy will make everything worse.

Title: Re: Money Sense
Post by: Anonymous on November 19, 2021, 06:42:13 AM

A U.N. agency has warned that a surge in container shipping rates threatens the global economic recovery and could add an additional 1.5 percent to consumer price inflation through 2023.

Title: Re: Money Sense
Post by: Anonymous on November 19, 2021, 08:22:31 PM

Oil is down about nine bucks in the last months. North American markets are way down. The Canadian dollar has lost two cents in the past four weeks. It aint looking good.

Title: Re: Money Sense
Post by: Anonymous on November 20, 2021, 06:05:26 AM

I told my clients this was coming. The Liberal government's big payroll tax increase combined with the annual increase in the carbon plus tax grabs on insurers and banks which will be paid by consumers is like kicking Canadians while they are down and preventing them from getting up sooner.

The CPP earnings cap is increasing at the fastest rate in 30 years. Why and what it means

The Canada Pension Plan (CPP) earnings ceiling is increasing at the highest rate in 30 years, a change that will provide a boost to benefits for new retirees and a hit for workers and businesses contributing to the plan.

The earnings cap, called yearly maximum pensionable earnings or YMPE, is set to rise to $64,900 for 2022 from $61,600 for 2021, the Canada Revenue Agency (CRA) announced on Nov. 1. That's a 5.3 per cent increase, the largest percentage change since 1992.

The change will boost benefits for retirees who start claiming CPP benefits in 2022 or later but also result in significantly larger contributions for workers and employers paying into the pension plan.

The YMPE is calculated annually and is based on an average of weekly earnings recorded over the 12 months ending June 30. A smaller-than-usual number of low-wage workers employed between the second half of 2020 and the first half of 2021 effectively skewed the weekly earnings average for 2022 higher, says Alexandra Macqueen, a certified financial planner and author of several books on retirement planning.

It also comes as the federal government is gradually increasing CPP contribution rates as part of a multi-year plan to enhance benefits from the government pension fund.

CPP was initially designed to cover up to a quarter of workers' average annual earnings, up to the earnings cap. In their first term, the Liberals introduced a plan to enhance CPP so it will replace up to a third of average earnings, up to the ceiling, in retirement by 2065.

As part of the shift to higher benefit levels, contribution rates have been rising every year since 2019. For 2022, the contribution rate for employees and employers is set to increase to 5.7 per cent, up from 5.45 per cent in 2021. The contribution for self-employed workers is scheduled to increase to 11.4 per cent, up from 10.9 per cent.

But what had been meant to be gradual increases in contribution levels turned into two consecutive years of soaring CPP premiums due to the impact of the pandemic on the CPP earnings cap.

Higher contributions for employers and employees

The contribution rate increase and the jump in the YMPE will be "a double whammy" that hits small businesses "at the worst possible time," says Dan Kelly, president of the Canadian Federation of Independent Business (CFIB).

"I don't know how my members are going to meet their payroll budgets next year," Kelly says.

The spike in CPP premiums will also hit workers at a time when they are feeling the squeeze of soaring consumer prices, Macqueen notes. The increase is particularly large for the self-employed, who pay both the employee and employer portions of CPP contributions.

"I'm not trying to be alarmist, but these are huge increases if you're self-employed and you're paying both sides of it," Macqueen says.

The maximum employer and employee annual contribution will be just shy of $3,500, up by around $334 from a maximum of $3,166 each in 2021. For self-employed Canadians, the maximum annual contribution is set to rise to nearly $7,000 per year, up by around $667 from $6,333 in 2021.

https://globalnews.ca/news/8374309/cpp-earnings-cap-rises-2022/

Title: Re: Money Sense
Post by: Anonymous on November 20, 2021, 06:27:29 AM

~~Quote from: seoulbro post_id=427716 time=1637406326 user_id=114~~
I told my clients this was coming. The Liberal government's big payroll tax increase combined with the annual increase in the carbon plus tax grabs on insurers and banks which will be paid by consumers is like kicking Canadians while they are down and preventing them from getting up sooner.

The CPP earnings cap is increasing at the fastest rate in 30 years. Why and what it means

The Canada Pension Plan (CPP) earnings ceiling is increasing at the highest rate in 30 years, a change that will provide a boost to benefits for new retirees and a hit for workers and businesses contributing to the plan.

The earnings cap, called yearly maximum pensionable earnings or YMPE, is set to rise to $64,900 for 2022 from $61,600 for 2021, the Canada Revenue Agency (CRA) announced on Nov. 1. That's a 5.3 per cent increase, the largest percentage change since 1992.

The change will boost benefits for retirees who start claiming CPP benefits in 2022 or later but also result in significantly larger contributions for workers and employers paying into the pension plan.

The YMPE is calculated annually and is based on an average of weekly earnings recorded over the 12 months ending June 30. A smaller-than-usual number of low-wage workers employed between the second half of 2020 and the first half of 2021 effectively skewed the weekly earnings average for 2022 higher, says Alexandra Macqueen, a certified financial planner and author of several books on retirement planning.

It also comes as the federal government is gradually increasing CPP contribution rates as part of a multi-year plan to enhance benefits from the government pension fund.

CPP was initially designed to cover up to a quarter of workers' average annual earnings, up to the earnings cap. In their first term, the Liberals introduced a plan to enhance CPP so it will replace up to a third of average earnings, up to the ceiling, in retirement by 2065.

As part of the shift to higher benefit levels, contribution rates have been rising every year since 2019. For 2022, the contribution rate for employees and employers is set to increase to 5.7 per cent, up from 5.45 per cent in 2021. The contribution for self-employed workers is scheduled to increase to 11.4 per cent, up from 10.9 per cent.

But what had been meant to be gradual increases in contribution levels turned into two consecutive years of soaring CPP premiums due to the impact of the pandemic on the CPP earnings cap.

Higher contributions for employers and employees

The contribution rate increase and the jump in the YMPE will be "a double whammy" that hits small businesses "at the worst possible time," says Dan Kelly, president of the Canadian Federation of Independent Business (CFIB).

"I don't know how my members are going to meet their payroll budgets next year," Kelly says.

The spike in CPP premiums will also hit workers at a time when they are feeling the squeeze of soaring consumer prices, Macqueen notes. The increase is particularly large for the self-employed, who pay both the employee and employer portions of CPP contributions.

"I'm not trying to be alarmist, but these are huge increases if you're self-employed and you're paying both sides of it," Macqueen says.

The maximum employer and employee annual contribution will be just shy of $3,500, up by around $334 from a maximum of $3,166 each in 2021. For self-employed Canadians, the maximum annual contribution is set to rise to nearly $7,000 per year, up by around $667 from $6,333 in 2021.

https://globalnews.ca/news/8374309/cpp-earnings-cap-rises-2022/

On my salary, I'll be paying CPP contributions for the entire year.

:negative:

Title: Re: Money Sense
Post by: Anonymous on November 24, 2021, 11:27:55 AM

US futures fell slightly on Wednesday as markets continued to digest a move higher in bond yields.

Oil flatlined after rising the day before, despite the White House announcing it would release 50 million barrels from strategic reserves.

Bond yields cooled but remained sharply higher for the week, as investors bet the Fed will move to tame inflation next year.

Title: Re: Money Sense
Post by: Anonymous on November 25, 2021, 11:06:31 PM

Oil prices and the Candian buck are sliding. Global supply surplus could swell in the first quarter following a coordinated release of crude reserves among major consumers, led by the United States.

Title: Re: Money Sense
Post by: Anonymous on November 30, 2021, 06:50:32 AM

OPEC's control over the supply of oil will catapult prices to $150 a barrel in 2023, JPMorgan said in a Monday note.

"We believe OPEC+ will defend the oil price with paced volume growth to keep inventories low," JPMorgan said.

The bank doesn't see the new Omicron variant of COVID-19 putting a dent into demand for oil.

Biden and Trudeau could limit oil's rise by reversing bad decisions they've made, but they would prefer expensive foreign oil to cheap domestic production.

Title: Re: Money Sense
Post by: Anonymous on December 01, 2021, 07:13:03 AM

Emerging market growth will suffer for a variety of reasons to do with weakening external demand growth, lower global trade growth, and the effects of further domestic monetary and fiscal tightening in many countries.

Looking beyond next year, developing nations were facing a 'broken growth model' caused by an irreversible slowdown in China, worsening demographics and rising economic nationalism, which might affect the flow of foreign direct investment.

While this was unlikely to cause a crisis, these factors would sharpen the focus on domestic debt burdens in countries such as Brazil and South Africa, where weak growth and rising interest rates would push public debt to GDP ratios up to levels that might cause concern.

Overall, with major economies striving to make their supply-chains more resilient, developing nations that were close to large, major economies - such as Mexico, ASEAN nations or CEE countries - were in a better position than geographically remote ones for example in South America.

Title: Re: Money Sense
Post by: Anonymous on December 09, 2021, 11:17:07 AM

The gamble taken by OPEC and its allies, under pressure from top oil consumer the United States, to raise oil output in January despite its own forecasts of oversupply, appears to be paying off as prices stabilise.

Oil has steadied around $75 a barrel as market participants brush off concerns of a glut, in part because they don't believe the Organization of Petroleum Exporting Countries and its allies can reach their new output target and demand is still expected to rise.

Title: Re: Money Sense
Post by: Anonymous on December 14, 2021, 10:38:06 AM

Canadian Pacific Railway Ltd. says it has completed its acquisition of Kansas City Southern and placed the shares of the U.S. railway in a voting trust while the U.S. Surface Transportation Board reviews the deal.

Opinion: Time to remove Section 43 from the Criminal Code

Putin wants 'immediate' talks with NATO on Russia's security

CALGARY — Canadian Pacific Railway Ltd. says it has completed its acquisition of Kansas City Southern and placed the shares of the U.S. railway in a voting trust while the U.S. Surface Transportation Board reviews the deal.

The trust allows KCS shareholders to be paid while ensuring the railway operates independently until the U.S. regulator issues its decision on the deal valued at US$31 billion, including the assumption of US$3.8 billion of debt.

With the completion of the acquisition, KCS shareholders will receive 2.884 CP shares and US$90 in cash for each KCS common share held and US$37.50 in cash for each KCS preferred share held.

CP said the combination with KCS will create the only single-line railroad linking the United States, Mexico and Canada.

The Canadian railway expects the review by the STB to be completed in the fourth quarter of next year.

It said the expected benefits from the combination will not be realized until the U.S. regulator approves the deal.

Title: Re: Money Sense
Post by: Anonymous on December 15, 2021, 06:53:37 PM

The Federal Reserve will quicken the pace at which it's pulling back its support for the economy as inflation surges, and it expects to raise interest rates three times next year.

Title: Re: Money Sense
Post by: Anonymous on January 24, 2022, 07:26:46 PM

Stock markets plunged into the red before recovering to finish the day in positive territory on Monday, as fears over war in Ukraine and higher interest rates in the U.S. and Canada took investors on a wild ride.

Early in the afternoon, the Dow was off by more than 1,000 points, or about three per cent, and the tech-heavy Nasdaq was faring even worse as investors worried about the prospect of war in Ukraine.

"What really sparked the sell-off today is the fact that we seem to be marching inexorably towards a full-scale invasion of Ukraine by Russia," Dennis Mitchell, CEO of Toronto-based investment firm Starlight Capital, said in an interview.

Title: Re: Money Sense
Post by: Anonymous on February 01, 2022, 10:05:47 PM

This is the Seoul brother's specialty. But, a recession, before we make a full recovery from this COVID shit would be disastrous.

Recession, not inflation, will be the big worry in 6 months: David Rosenberg

Watch: Rosenberg says we're headed into a bear market

David Rosenberg of Rosenberg Research talks with the Financial Post's Larysa Harapyn about how we're headed into a bear market. He says recession, not inflation, will be the big worry in six months.

https://financialpost.com/investing/recession-not-inflation-will-be-the-big-worry-in-6-months-david-rosenberg

~~[media]~~https://www.youtube.com/watch?v=A_lHj1CgHY8&t=223s[/media]

Title: Re: Money Sense
Post by: Thiel on February 04, 2022, 11:21:34 PM

https://twitter.com/MPelletierCIO/status/1489602893413957634

Title: Re: Money Sense
Post by: Anonymous on February 06, 2022, 11:58:18 AM

A new feature included in Apple's iOS14 update that makes it easier for iPhone users to secure their personal data caused other tech companies to lose billions of dollars.

A new report revealed that four social media companies lost almost $300 billion in market value since April of 2021.

Markets Insider reported that "The earnings results from social media companies on Wednesday highlighted the weakness ton investors, resulting in a steep sell-off in their stocks. In Thursday trades, Meta Platforms fell 22%. Snap fell 18%. Twitter fell 8%, and Pinterest fell 11%. Since Apple's privacy update went into effect in late April 2021, these four social media companies have erased a combined $278 billion in market value."

Since late April of 2021, Meta has lost $169 billion in value, Snap has fallen by $50 billion, Twitter's market share decreased by $26 billion, and Pinterest lost $33 billion. Snap, Twitter, and Pinterest each lost around half of their previous market evaluations.

Title: Re: Money Sense
Post by: Anonymous on February 22, 2022, 12:56:49 PM

Markets continue their slide as tensions in the Ukraine continue coupled with losses in the tech and industrial sectors.

Title: Re: Money Sense
Post by: Anonymous on February 23, 2022, 06:51:47 PM

North American stock markets faded midweek with all three U.S. markets moving into correction territory while crude oil prices continued to rise on mounting tensions in Ukraine.

Markets rose a little in morning trading but fell after Ukraine declared a state of emergency and Russia announced an evacuation of its embassy in Kyiv.

Michael Currie, vice-president and investment adviser at TD Wealth, said markets have fallen steadily for about a week.

"Any time you're seeing a pop in the morning, people are using that as a chance to take some profits and get out," he said in an interview.

"It's still the growth stocks that are getting hit the hardest, but outside of energy you're really not seeing any sectors kind of staying positive or leading the way."

The S&P/TSX composite index closed down 163.65 points to 20,744.17 for its fifth straight day of losses.

In New York, the Dow Jones industrial average was down 464.85 points at 33,131.76. The S&P 500 index was down 79.26 points at 4,225.50, while the Nasdaq composite was down 344.03 points or 2.6 per cent at 13,037.49.

The Dow joined the S&P in correction territory with its shares dropping at least 10 per cent below its most recent high. The Nasdaq is on the cusp of moving into bear territory, a 20 per cent loss, with its shares off 19.6 per cent from its high.

Title: Re: Money Sense
Post by: Anonymous on February 24, 2022, 10:12:43 AM

This has been the worst few weeks since for my iretirement investments in about eighteen months.

Title: Re: Money Sense
Post by: Anonymous on March 02, 2022, 03:08:30 PM

Oil prices are soaring again. West Texas Intermediate was over $110/bbl thirty minutes ago. Even Western Canadian Select was between $98 and $99/bbl. Prices like this could trigger a global recession.

Title: Re: Money Sense
Post by: Anonymous on March 18, 2022, 07:34:33 AM

I noticed the markets are having a good week so far.

Title: Re: Money Sense
Post by: Anonymous on March 18, 2022, 07:58:31 AM

~~Quote from: Fashionista post_id=443925 time=1647603273 user_id=3254~~
I noticed the markets are having a good week so far.

They are, but it's too early to call for a spring bounce yet.

Title: Re: Money Sense
Post by: Anonymous on March 18, 2022, 11:23:52 PM

~~Quote from: seoulbro post_id=443927 time=1647604711 user_id=114~~
~~Quote from: Fashionista post_id=443925 time=1647603273 user_id=3254~~
I noticed the markets are having a good week so far.

They are, but it's too early to call for a spring bounce yet.

This was the first postive week in a month.

Title: Re: Money Sense
Post by: Frood on March 23, 2022, 02:09:45 AM

Voodoo accounting practices to my way of thinking. I'm no accountant though.... just a budget minded hawk with a long-standing curiosity of historical events.

In the late 20's and early 1930's, home mortgages were nearly non-existent. Dwellings were cheap, owned outright, and people kept gardens and at least small livestock like chickens, rabbits, et cetera.... being cash poor wasn't a hurdle to keeping a roof and a family fed... maybe not the ideal roof and ideal meals, but enough.

Shit got reused, mended, repurposed.... people bartered where they could..... but above all, people weren't so mollycoddled by a JIT world that they had a meltdown if they couldn't get bananas and avocados in winter, their favourite pumpkin chai coffee digested first through the gastrointestinal tract of an Antarctic unicorn, or gluten and wheat free flours....

I'm betting Australia will run up a huge deficit trying to pretend that it will all one day pass, if we just hold out a bit longer.

But it won't... not unless Russia and China are left alone....at least for a decade needed to get some of our basic manufacturing back.

Rubber, plastics, papers, pharmaceuticals, smelters for our ores, factories to make our own goods....

Title: Re: Money Sense
Post by: Thiel on March 23, 2022, 11:12:49 PM

Markets are reacting to the pandemic shortages exacerbated by the sanctions on Russia.

Title: Re: Money Sense
Post by: Thiel on March 23, 2022, 11:19:51 PM

The minimum corporate tax that some leaders like Joe Biden are pushing will have consequences. A minimum tax would claw back lower tax incentives on intellectual property and patents. Don't give the OECD a veto over our own tax policy decisions.

Title: Re: Money Sense
Post by: Anonymous on March 24, 2022, 11:02:50 AM

~~Quote from: Thiel post_id=444490 time=1648091569 user_id=1688~~
Markets are reacting to the pandemic shortages exacerbated by the sanctions on Russia.

It's not a normal market cycle.

Title: Re: Money Sense
Post by: Thiel on March 31, 2022, 08:17:21 PM

A late slump left stocks decisively lower on Wall Street Thursday, wrapping up the worst quarter for the market since the pandemic broke out two years ago.

Title: Re: Money Sense
Post by: Thiel on March 31, 2022, 08:20:21 PM

Oil prices are plunging on word that America is about to flood market with 180 million barrels of crude. The release, expected to be announced today, would be the biggest in Strategic Petroleum Reserve's history

Title: Re: Money Sense
Post by: Anonymous on April 01, 2022, 07:39:54 AM

~~Quote from: Thiel post_id=445180 time=1648772241 user_id=1688~~
A late slump left stocks decisively lower on Wall Street Thursday, wrapping up the worst quarter for the market since the pandemic broke out two years ago.

We had a dtong fourth quarter in 2021. But, this quarter was awful.

Title: Re: Money Sense
Post by: Anonymous on April 02, 2022, 08:13:44 AM

West Texas Intermediate (WTI) crude oil fell $14 to dip below $100 per barrel in its biggest weekly dollar loss since 2011. U.S.-allied countries in the International Energy Agency (IEA) on Friday agreed to their second coordinated deployment of oil stockpiles in a month to calm Russia-Ukraine war-roiled energy markets, one day after President Biden unveiled plans for the largest ever release from the U.S. Strategic Petroleum Reserve.

Title: Re: Money Sense
Post by: Frood on April 06, 2022, 03:29:12 AM

~~Quote from: Thiel post_id=444490 time=1648091569 user_id=1688~~
Markets are reacting to the pandemic shortages exacerbated by the sanctions on Russia.

And the unchecked printing of dollars...

Title: Re: Money Sense
Post by: Anonymous on April 07, 2022, 07:37:22 PM

Canada will ban most foreigners from buying homes for two years and provide billions of dollars to spur construction activity in an attempt to cool off a surging real-estate market.

This may sound good in theory. But, interest rates are coming. Canadians are the most indebted peoples in the world. If there is a crash this will make the damage much, much worse as we'll have an oversupply and no buyers.

Title: Re: Money Sense
Post by: Thiel on April 07, 2022, 09:54:12 PM

~~Quote from: seoulbro post_id=445976 time=1649374642 user_id=114~~
Canada will ban most foreigners from buying homes for two years and provide billions of dollars to spur construction activity in an attempt to cool off a surging real-estate market.

This may sound good in theory. But, interest rates are coming. Canadians are the most indebted peoples in the world. If there is a crash this will make the damage much, much worse as we'll have an oversupply and no buyers.

You are right. Higher interest rates coming. This will make the pain worse.

Title: Re: Money Sense
Post by: Frood on April 08, 2022, 10:30:08 AM

Everybody will be paper broke soon....

Title: Re: Money Sense
Post by: Anonymous on April 08, 2022, 10:55:32 AM

~~Quote from: "Dinky Dazza" post_id=446111 time=1649428208 user_id=1676~~
Everybody will be paper broke soon....

Do you mean their investments?

Ours have been stalled since January, in the long run, they always go up

Title: Re: Money Sense
Post by: Frood on April 08, 2022, 11:16:34 AM

~~Quote from: Fashionista post_id=446112 time=1649429732 user_id=3254~~
~~Quote from: "Dinky Dazza" post_id=446111 time=1649428208 user_id=1676~~
Everybody will be paper broke soon....

Do you mean their investments?

Ours have been stalled since January, in the long run, they always go up

Hard assets will eventually win out.

The US dollar is screwed along with nation state partners...

Title: Re: Money Sense
Post by: Anonymous on April 08, 2022, 03:29:20 PM

~~Quote from: Thiel post_id=446026 time=1649382852 user_id=1688~~
~~Quote from: seoulbro post_id=445976 time=1649374642 user_id=114~~
Canada will ban most foreigners from buying homes for two years and provide billions of dollars to spur construction activity in an attempt to cool off a surging real-estate market.

This may sound good in theory. But, interest rates are coming. Canadians are the most indebted peoples in the world. If there is a crash this will make the damage much, much worse as we'll have an oversupply and no buyers.

You are right. Higher interest rates coming. This will make the pain worse.

It's a left wing populist idea to increase the supply of housing using public money. But, when interests rise, and if they go too high it will lower even further the value of homes when overstretched consumers can no longer make their payments.

Canadians' net worth is tied to their homes more than any other G20 nation. This is a dangerous gamble the feds are taking.

Title: Re: Money Sense
Post by: Anonymous on April 08, 2022, 08:01:36 PM

~~Quote from: seoulbro post_id=446132 time=1649446160 user_id=114~~
~~Quote from: Thiel post_id=446026 time=1649382852 user_id=1688~~
~~Quote from: seoulbro post_id=445976 time=1649374642 user_id=114~~
Canada will ban most foreigners from buying homes for two years and provide billions of dollars to spur construction activity in an attempt to cool off a surging real-estate market.

This may sound good in theory. But, interest rates are coming. Canadians are the most indebted peoples in the world. If there is a crash this will make the damage much, much worse as we'll have an oversupply and no buyers.

You are right. Higher interest rates coming. This will make the pain worse.

It's a left wing populist idea to increase the supply of housing using public money. But, when interests rise, and if they go too high it will lower even further the value of homes when overstretched consumers can no longer make their payments.

Canadians' net worth is tied to their homes more than any other G20 nation. This is a dangerous gamble the feds are taking.

My boy and his old lady want to buy a house this year. I don't know. High prices in Saskatchewan and high interest rates are on the way. They both have stable jobs, but they have one kid and hope to have another.

Title: Re: Money Sense
Post by: Anonymous on April 09, 2022, 01:51:38 AM

(//%3C/s%3E%3CURL%20url=%22https://scontent.fyxd2-1.fna.fbcdn.net/v/t39.30808-6/278133889_2047649052089271_3896253217093094809_n.jpg?stp=dst-jpg_p843x403&_nc_cat=107&ccb=1-5&_nc_sid=730e14&_nc_ohc=9RzM5xGBqiEAX-eZdo7&_nc_ht=scontent.fyxd2-1.fna&oh=00_AT8d-Bqsk1ok8cNYm-YC1Fx773_SiNScuUHVn_McPWelbA&oe=6255D085%22%3E%3CLINK_TEXT%20text=%22https://scontent.fyxd2-1.fna.fbcdn.net/%20...%20e=6255D085%22%3Ehttps://scontent.fyxd2-1.fna.fbcdn.net/v/t39.30808-6/278133889_2047649052089271_3896253217093094809_n.jpg?stp=dst-jpg_p843x403&_nc_cat=107&ccb=1-5&_nc_sid=730e14&_nc_ohc=9RzM5xGBqiEAX-eZdo7&_nc_ht=scontent.fyxd2-1.fna&oh=00_AT8d-Bqsk1ok8cNYm-YC1Fx773_SiNScuUHVn_McPWelbA&oe=6255D085%3C/LINK_TEXT%3E%3C/URL%3E%3Ce%3E)

Title: Re: Money Sense
Post by: Anonymous on April 09, 2022, 10:58:00 AM

~~Quote from: Herman post_id=446253 time=1649483498 user_id=1689~~
(//%3C/s%3E%3CURL%20url=%22https://scontent.fyxd2-1.fna.fbcdn.net/v/t39.30808-6/278133889_2047649052089271_3896253217093094809_n.jpg?stp=dst-jpg_p843x403&_nc_cat=107&ccb=1-5&_nc_sid=730e14&_nc_ohc=9RzM5xGBqiEAX-eZdo7&_nc_ht=scontent.fyxd2-1.fna&oh=00_AT8d-Bqsk1ok8cNYm-YC1Fx773_SiNScuUHVn_McPWelbA&oe=6255D085%22%3E%3CLINK_TEXT%20text=%22https://scontent.fyxd2-1.fna.fbcdn.net/%20...%20e=6255D085%22%3Ehttps://scontent.fyxd2-1.fna.fbcdn.net/v/t39.30808-6/278133889_2047649052089271_3896253217093094809_n.jpg?stp=dst-jpg_p843x403&_nc_cat=107&ccb=1-5&_nc_sid=730e14&_nc_ohc=9RzM5xGBqiEAX-eZdo7&_nc_ht=scontent.fyxd2-1.fna&oh=00_AT8d-Bqsk1ok8cNYm-YC1Fx773_SiNScuUHVn_McPWelbA&oe=6255D085%3C/LINK_TEXT%3E%3C/URL%3E%3Ce%3E)

In most of this country, it's not a good time to purchase a first home. Interest rates are set to rise several times. There will be mass defaults. Property values will return to earth. Home owners will have mortgages at high rates worth more than the market value of their houses. It might be a good time to go bargain shopping if one wants to be a landlord. I sure don't.

Title: Re: Money Sense
Post by: Anonymous on April 09, 2022, 02:53:59 PM

I want my boy and his old lady to wait before buying a house.

Title: Re: Money Sense
Post by: Anonymous on April 16, 2022, 07:50:36 AM

Rejecting Elon Musk's offer for Twitter may hurt the stock price and disappoint investors.

Title: Re: Money Sense
Post by: Anonymous on April 16, 2022, 06:17:37 PM

~~Quote from: seoulbro post_id=447003 time=1650109836 user_id=114~~
Rejecting Elon Musk's offer for Twitter may hurt the stock price and disappoint investors.

Good.

Title: Re: Money Sense
Post by: Thiel on April 16, 2022, 09:48:27 PM

~~Quote from: seoulbro post_id=447003 time=1650109836 user_id=114~~
Rejecting Elon Musk's offer for Twitter may hurt the stock price and disappoint investors.

Besides damaging the brand.

Title: Re: Money Sense
Post by: Frood on April 19, 2022, 05:17:54 AM

A long watch but an interview with Michael Saylor and Tucker Carlson about what Bitcoin (crypto currency in general) is for newbs:

https://www.bitchute.com/video/WGW7ONSknWTR/

He discounts other crypto to a point and is all in just on Bitcoin, which I disagree with to an extent, though it's a good watch....

Title: Re: Money Sense
Post by: Anonymous on April 23, 2022, 10:43:35 AM

Stocks tanked Friday — with the Dow tumbling nearly 1,000 points — as investors absorbed increasingly hawkish signals that the Federal Reserve would raise interest rates at a more aggressive clip.

The Dow Jones industrial average closed down 981.36 points, or 2.8 percent, to end at 33,811.40 and mark its fourth consecutive weekly decline. The broader S&P 500 index shed 121.88 points, or 2.8 percent, to settle at 4,271.78, while the tech-heavy Nasdaq composite index tumbled 335.36 points, or 2.6 percent, to close at 12,839.29.

It was the Dow's worst day since October 2020, according to MarketWatch, bringing the blue-chip index 1.9 percent lower for the week. It's down about 7 percent year to date.

Title: Re: Money Sense
Post by: Anonymous on April 27, 2022, 07:46:43 AM

The Dow Jones industrial average lost 809.28 points, or 2.4 percent, to close at 33,240.18, while the broader S&P 500 index slumped 120.92 points, or 2.8 percent, to land at 4,175.20. But it was the Nasdaq, which is heavy on tech stocks, that took the biggest dive, plunging nearly 4 percent, or 514.11 points, to end the day at 12,490.74.

After Monday's reprieve, the session marked a swift return to the dour mood that has largely prevailed over Wall Street this month. The blue-chip index, which skidded nearly 1,000 points on Friday, is down 4.9 percent in April. The S&P 500 has erased 8.8 percent and the Nasdaq 13 percent.

Year to date, the declines are even more stark, with the Dow off 8.5 percent, the S&P 500 12.4 percent and the Nasdaq 20.2 percent. Analysts attribute much of those losses to the Federal Reserve's decisive march toward higher interest rates to control inflation, which has forced investors to reevaluate growth-oriented stocks, particularly those of tech companies.

The central bank is expected to announce the second of seven planned rate hikes next week at the culmination of its two-day meeting. Investors had been expecting a series of 0.25 percent increases, but Fed officials have made clear that 0.5 percent is on the table.

Title: Re: Money Sense
Post by: Anonymous on April 27, 2022, 10:48:53 PM

Last week Canadian Natural Resources Ltd. became the first oil and gas producer listed in Toronto to surpass $100 billion in market value.

The Calgary-based oil producer is now the fourth most valuable publicly traded producer on the continent.

"This company is one of the biggest global players and so it may garner more attention from international companies and should be compared to any of the top energy companies globally," said Mark Rutherford, analyst at Mawer Investment Management.

Title: Re: Money Sense
Post by: Anonymous on April 30, 2022, 10:42:29 PM

Amazon reported a significant loss in the first three months of the year, sending the company's stock plunging.

The tech giant on Thursday said it had a net loss of $3.8 billion in the quarter ended March 31, a sharp drop in income from the same period last year, when it made an $8.1 billion profit.

https://www.ctvnews.ca/business/amazon-reports-us-3-8b-loss-stock-plunges-1.5881375?cid=sm%3Atrueanthem%3Actvnews%3Apost&utm_campaign=trueAnthem%3A%20New%20Content%20(Feed)&utm_medium=trueAnthem&utm_source=facebook&fbclid=IwAR2965PrP3hnMM9h3w8Jeh50tGvGkX89k5Hgj8NHuWuqnuLBTASu1k0QwqY

Title: Re: Money Sense
Post by: Anonymous on May 04, 2022, 08:00:37 PM

The markets had a decent day today, but the they have been down since the start of the year. The majority opinion is that a recession is coming.

Title: Re: Money Sense
Post by: Anonymous on May 04, 2022, 11:57:12 PM

Canadian pipeline operator TC Energy reported a slightly better-than-expected quarterly profit on Friday, helped by rising demand for its energy transport services as oil and gas prices surged after Russia's invasion of Ukraine.

Title: Re: Money Sense
Post by: Anonymous on May 05, 2022, 10:11:12 AM

The Dow gained 900 points yesterday on news that the Fed will not raise interest rates 3/4 of a point. A half point had already been baked in.

Title: Re: Money Sense
Post by: Anonymous on May 05, 2022, 08:22:16 PM

Stocks plummeted on Wall Street on Thursday, erasing a rally from a day earlier, as markets assess the fallout from the Federal Reserve's stepped-up fight against inflation.

The Dow Jones Industrial Average fell 1,063 points, or 3.1%, to close at 32,997. The S&P 500 fell 3.6%, closing at 4,146, with more than 95% of companies listed on the benchmark index in the red. The tech-heavy Nasdaq fell even more sharply, closing almost 5% lower.

It was the second-worst day for the S&P 500 since June 2020, and the worst day for the Nasdaq since that month, according to FactSet.

Title: Re: Money Sense
Post by: Anonymous on May 06, 2022, 04:43:55 PM

Canada's jobless rate dropped to 5.2 per cent, a modern low that all but guarantees another outsized increase in interest rates when policymakers at the Bank of Canada end their next round of deliberations on June 1.

If you haven't locked in your mortgage interest rate, do it now.

Title: Re: Money Sense
Post by: cc on May 09, 2022, 03:27:51 PM

"Competition Bureau looking to block 26B Rogers - Shaw deal"

Sure hope they do - we need more competition what with having the highest internet & tv costs anywhere .. pretty arrogant for these 2 to try it

Harper tied to bring in US firms to give us competition & lower prices .. it didn't materialize, I forget why & the details

Title: Re: Money Sense
Post by: Anonymous on May 09, 2022, 03:30:23 PM

~~Quote from: cc post_id=449532 time=1652124471 user_id=88~~
"Competition Bureau looking to block 26B Rogers - Shaw deal"

Sure hope they do - we need more competition what with having the highest internet & tv costs anywhere .. pretty arrogant for these 2 to try it

Harper tied to bring in US firms to give us competition & lower prices .. it didn't materialize, I forget why & the details

I hope they block the deal.

Title: Re: Money Sense
Post by: Anonymous on May 11, 2022, 09:43:09 PM

I don't know. We will see what the Seoul brother has to say about this.

Financial crisis more likely than recession amid market mayhem, says CIO

~~[media]~~https://www.youtube.com/watch?v=_1tGaTBW4xs[/media]

Title: Re: Money Sense
Post by: Anonymous on May 11, 2022, 09:56:33 PM

Real estate markets saw steep declines on both coasts in April, with Vancouver sales down 34.1 per cent and Halifax off 25.5 per cent. The country's most populous real estate region, Toronto, outdid both with a posted 41 per cent drop in sales.

Title: Re: Money Sense
Post by: Anonymous on May 11, 2022, 10:03:51 PM

~~Quote from: Herman post_id=449807 time=1652320593 user_id=1689~~
Real estate markets saw steep declines on both coasts in April, with Vancouver sales down 34.1 per cent and Halifax off 25.5 per cent. The country's most populous real estate region, Toronto, outdid both with a posted 41 per cent drop in sales.

That drop happened fast.

Title: Re: Money Sense
Post by: Thiel on May 11, 2022, 10:18:15 PM

Three words: Interest rate increases.

Title: Re: Money Sense
Post by: Anonymous on May 12, 2022, 07:52:15 AM

~~Quote from: Herman post_id=449802 time=1652319789 user_id=1689~~
I don't know. We will see what the Seoul brother has to say about this.

Financial crisis more likely than recession amid market mayhem, says CIO

~~[media]~~https://www.youtube.com/watch?v=_1tGaTBW4xs[/media]

Trillions of dollars have been lost worldwide since the start of 2022. That combined with higher interest rates portends a recession.

Title: Re: Money Sense
Post by: Anonymous on May 13, 2022, 08:02:08 AM

The Dow Jones Industrial Average fell for a sixth straight day Thursday, as traders failed once again to find their footing in an increasingly volatile market.

The S&P 500 hit a new low for 2022, closing more than 18% off its 52-week high and steering closer toward bear market territory.

The Nasdaq has fallen about 30% from its record high as tech shares continue to get pummeled.

This is a market that's trading on emotions and not rational logic.

Title: Re: Money Sense
Post by: Breakfall on May 18, 2022, 04:35:25 AM

~~Quote from: seoulbro post_id=449953 time=1652443328 user_id=114~~
The Dow Jones Industrial Average fell for a sixth straight day Thursday, as traders failed once again to find their footing in an increasingly volatile market.

The S&P 500 hit a new low for 2022, closing more than 18% off its 52-week high and steering closer toward bear market territory.

The Nasdaq has fallen about 30% from its record high as tech shares continue to get pummeled.

This is a market that's trading on emotions and not rational logic.

A mate of mine is waiting for his crypto currency to get out of the global slump. Do you predict that sooner or later. He's going to ease me into the game, but I don't want to be throwing away any serious money.

Title: Re: Money Sense
Post by: Anonymous on May 18, 2022, 10:52:50 AM

Wells Fargo CEO Charles Scharf arned Tuesday that there is "no question" that the U.S. economy is going to get worse before it gets better.

Title: Re: Money Sense
Post by: Thiel on May 19, 2022, 11:20:33 PM

GMO cofounder Jeremy Grantham warns stocks will plummet, predicts a near-term recession, and sounds the alarm on a superbubble.

Here are Grantham's 9 best quotes from the interview, lightly edited for length and clarity:

1. "The other day, we were down 19.9% on the S&P 500, and about 27% on the Nasdaq. At a minimum, we are likely to do twice that. If we're unlucky — which is quite possible — we would do three legs like that." (Grantham noted the stock-market decline could take a couple of years.)

2. "We should be in some sort of recession fairly quickly, and profit margins from a real peak have a long way that they can decline."

3. "Superficially, this bubble looks very much like 2000, focused on US tech. What I fear is that there are a couple of differences with 2000 that are more serious. What you never want to do in a bubble is mess with housing, and we're selling at a higher multiple of family income than we did at the top of the so-called housing bubble in 2006. The bond market recently had the lowest lows in the history of man, in 6,000 years of history. Energy has put up metal prices, and food prices are actually higher than they have ever been before in real terms."

4. "We are really messing with all of the assets, and this has turned out, historically, to be very dangerous."

5. "This kind of 2000 bubble that we have is dangerously likely to morph into the 1970s, where inflation is always a part of the background discussion, and where growth rate starts to dwindle away. You have shades of stagflation as we had in the 1970s, where commodities are intermittently scarce, price jags here and there, where the whole system is so strung out that it's lost its resilience."

6. "The Fed are completely hamstrung. They have to put inflation up at the top of the agenda, and that takes away pretty well all the ammunition that they had back in 2000 and in the housing bust." (Grantham highlighted the dangerous combination of very low interest rates, record levels of debt, and inflation.)

7. "This is starting way behind, so there's a lot of catch up to be done. I'm sure the Federal Reserve guys are waking up in the middle of the night sweating about this one." (Grantham was underscoring the disconnect between 8% inflation in the US, and interest rates near zero.)

8. "When inflation is around for a long time, you have to be reconciled to lower price-earnings ratios; that's what the history books say." (Grantham expects inflation to linger because declining birth rates across the developed world will lead to a shortage of labor over the next 15 years, driving up wages and putting pressure on resource supplies.)

Title: Re: Money Sense
Post by: Anonymous on May 19, 2022, 11:42:43 PM

I'm glad I'm not retiring soon.

Title: Re: Money Sense
Post by: Anonymous on May 20, 2022, 09:32:21 AM

Traders have been bailing on risky momentum tech stocks, bitcoin and other cryptocurrencies and other investments that could benefit from an economic rebound.

Investors would do well to avoid speculative tech stocks and European stocks due to worries about excessive valuations and a potential economic downturn. Instead, I recommend my clients move towards quality blue chip stocks that pay steady dividends.

Instead, investors are now flocking to stocks that are perceived to be better hedges against, and in some cases beneficiaries of, inflation and rising interest rates.

Case in point? Oil stocks are big market winners this year. Chevron (CVX), up more than 40%, is the top Dow stock, and it's one of the largest four holdings in Warren Buffett's Berkshire Hathaway (BRKB), which is soundly beating the market this year.

Berkshire also is a big investor in Occidental Petroleum (OXY), which has more than doubled this year and is the best performer in the S&P 500.

Title: Re: Money Sense
Post by: Anonymous on May 21, 2022, 11:29:51 AM

Veteran market chartist Larry Williams said fresh technical analysis signals the market is headed for a bottom. I believe he is correct. I know it's tough to believe anything positive at this moment, but I said the same thing in April 2020.

(//%3C/s%3E%3CURL%20url=%22https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AAXxv7T.img?w=534&h=280&m=6%22%3E%3CLINK_TEXT%20text=%22https://img-s-msn-com.akamaized.net/ten%20...%20&h=280&m=6%22%3Ehttps://img-s-msn-com.akamaized.net/tenant/amp/entityid/AAXxv7T.img?w=534&h=280&m=6%3C/LINK_TEXT%3E%3C/URL%3E%3Ce%3E)

Let's examine the S&P 500 futures chart.

(//%3C/s%3E%3CURL%20url=%22https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AAXxv7T.img?w=534&h=280&m=6%22%3E%3CLINK_TEXT%20text=%22https://img-s-msn-com.akamaized.net/ten%20...%20&h=280&m=6%22%3Ehttps://img-s-msn-com.akamaized.net/tenant/amp/entityid/AAXxv7T.img?w=534&h=280&m=6%3C/LINK_TEXT%3E%3C/URL%3E%3Ce%3E)

The futures line is in black and the advance/decline line, a cumulative indicator measuring the number of stocks going up on a daily basis versus the number going down, is in blue.

The advance/decline line as an indicator of the market's internal strength or weakness.

Right now, you can see that while the S&P spent the last week getting smashed into oblivion, the advance/decline line has been holding up much better. In fact, it's steadily worked its way higher.

This chart reveals that the volume of trading has already started to "dry up on the sell side.

(//%3C/s%3E%3CURL%20url=%22https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AAXxwTa.img?w=534&h=280&m=6%22%3E%3CLINK_TEXT%20text=%22https://img-s-msn-com.akamaized.net/ten%20...%20&h=280&m=6%22%3Ehttps://img-s-msn-com.akamaized.net/tenant/amp/entityid/AAXxwTa.img?w=534&h=280&m=6%3C/LINK_TEXT%3E%3C/URL%3E%3Ce%3E)

Title: Re: Money Sense
Post by: Anonymous on May 28, 2022, 08:03:40 AM

Investors got a reprieve from a painful sell-off as the Dow Jones Industrial Average and the S&P 500 rallied to close their best weeks since November 2020.

The Dow jumped 575.77 points, or nearly 1.8%, to 33,212.96. The S&P 500 rose about 2.5% to 4,158.24. The tech-heavy Nasdaq Composite was the outperformer, helped by strong earnings from software companies and a fall in the 10-year Treasury yield. It was ended the day up 3.3% to reach 12,131.13.

All three of the major averages closed the week higher. The Dow finished up 6.2% for the week and snapped its longest losing streak, eight weeks, since 1923. The S&P 500 is 6.5% higher and the Nasdaq is up 6.8% on the week. Both indexes ended seven-week losing streaks. A chunk of the week's gains came Thursday and Friday, when all three of the averages rallied as strong retail earnings and a slowing inflation report lifted sentiment.

A report showing inflation slowing a bit helped give stocks a boost on Friday. The core personal consumption expenditures price index rose 4.9% in April, down from the 5.2% pace seen the previous month. This particular report is watched closely by the Federal Reserve when setting policy.

Title: Re: Money Sense
Post by: Rancidmilko on May 28, 2022, 06:28:28 PM

With the inflation in the US, many are looking elsewhere to buy imported goods, the US is quickly becoming the worst option

However, since the US imports a lot from us, the price of things going up there means it goes up here too, so exporters are making more money

Title: Re: Money Sense
Post by: Anonymous on May 28, 2022, 09:25:32 PM

~~Quote from: Rancidmilko post_id=453897 time=1653776908 user_id=2853~~
With the inflation in the US, many are looking elsewhere to buy imported goods, the US is quickly becoming the worst option

However, since the US imports a lot from us, the price of things going up there means it goes up here too, so exporters are making more money

The shit the US exports like agricultural products, and fuels will be expensive from any supplier.

Title: Re: Money Sense
Post by: Anonymous on May 31, 2022, 04:25:29 PM

Economists say the Bank of Canada is still on track for another oversized rate hike on Wednesday after the latest Statistics Canada data showed the pace of economic growth slowed in the first quarter.

The Bank of Canada is expected by economists to raise its key interest rate target by half a percentage point to 1.5 per cent in its decision Wednesday in an effort to slow inflation which is running at its hottest pace in three decades.

The annual inflation rate hit 6.8 per cent in April, its highest level since January 1991, while the Bank of Canada has a target of two per cent for the annual rate.

Title: Re: Money Sense
Post by: Anonymous on June 11, 2022, 07:46:47 AM

It gets worse.

Stocks dropped sharply on Friday after a highly anticipated inflation report showed a faster-than-expected rise in prices and consumer sentiment hit a record low.

The Dow Jones Industrial Average shed 880 points, or 2.73%, to close at 31,392.79. The S&P 500 fell 2.91% to settle at 3,900.86. The Nasdaq Composite sank 3.52% to 11,340.02.

The sell-off was broad, with nearly every member of the 30-stock Dow in the red. Declining stocks on the New York Stock Exchange outpaced advancing ones by more than 5 to 1.

Apple dropped nearly 3.9%, while Microsoft and Dow, Inc. slid about 4.5% and 6.1%, respectively. Salesforce sank 4.6%, and Amazon fell more than 5%.

Friday's declines means Wall Street suffered its worst week in months. The Dow fell 4.58% for its 10th down week in the past 11. The S&P 500 and Nasdaq Composite lost 5.05% and 5.60%, respectively, for their ninth losing week in 10 and the worst week since January.

The May consumer price index report came in at its highest level since 1981, putting pressure on the stock market. The report showed prices rising 8.6% year over year, and 6% when excluding food and energy prices. Economists surveyed by Dow Jones were expecting year-over-year increases of 8.3% for the main index and 5.9% for the core index.

Title: Re: Money Sense
Post by: Anonymous on June 11, 2022, 10:11:40 AM

~~Quote from: seoulbro post_id=458875 time=1654948007 user_id=114~~
It gets worse.

Stocks dropped sharply on Friday after a highly anticipated inflation report showed a faster-than-expected rise in prices and consumer sentiment hit a record low.

The Dow Jones Industrial Average shed 880 points, or 2.73%, to close at 31,392.79. The S&P 500 fell 2.91% to settle at 3,900.86. The Nasdaq Composite sank 3.52% to 11,340.02.

The sell-off was broad, with nearly every member of the 30-stock Dow in the red. Declining stocks on the New York Stock Exchange outpaced advancing ones by more than 5 to 1.

Apple dropped nearly 3.9%, while Microsoft and Dow, Inc. slid about 4.5% and 6.1%, respectively. Salesforce sank 4.6%, and Amazon fell more than 5%.

Friday's declines means Wall Street suffered its worst week in months. The Dow fell 4.58% for its 10th down week in the past 11. The S&P 500 and Nasdaq Composite lost 5.05% and 5.60%, respectively, for their ninth losing week in 10 and the worst week since January.

The May consumer price index report came in at its highest level since 1981, putting pressure on the stock market. The report showed prices rising 8.6% year over year, and 6% when excluding food and energy prices. Economists surveyed by Dow Jones were expecting year-over-year increases of 8.3% for the main index and 5.9% for the core index.

I looked at my pension statement yesterday. It's depressing. I only have 21 months to go.

Title: Re: Money Sense
Post by: Anonymous on June 13, 2022, 07:16:32 AM

World shares sank Monday after a report that U.S. inflation worsened last month sent stocks reeling last week on Wall Street.

Germany's DAX lost 1.9% to 13,496.91 and the CAC 40 in Paris declined 2.2% to 6,052.73. Britain's FTSE 100 lost 1.5% to 7,208.31. The future for the S&P 500 was down 2.6% while that for the Dow industrials lost 2%.

Tokyo's Nikkei 225 index lost 3% to 26,987.44 and the Hang Seng in Hong Kong skidded 3.4% to 21,067.58. In South Korea, the Kospi declined 3.5% to 2,504.51 as a truckers strike added to concerns over supply chain disruptions. The Shanghai Composite index dropped 0.9% to 3,255.55.

High-growth technology stocks, cryptocurrencies and other big winners of the pandemic's earlier days have been hurting the most, but the damage is broadening as retailers and others warn about upcoming profits.

Title: Re: Money Sense
Post by: Anonymous on June 14, 2022, 09:09:21 AM

It was another horrendous day on global markets. We are officially in bear territory. The latest US inflation report was the trigger. Higher interest rates and a recession are right around the corner.

Title: Re: Money Sense
Post by: Anonymous on June 15, 2022, 07:06:22 PM

The US Federal Reserve intensified its fight against high inflation on Wednesday, raising its key interest rate by three-quarters of a point — the largest bump since 1994 — and signaling more rate hikes ahead as it tries to cool off the U.S. economy without causing a recession.

The unusually large rate hike came after data released Friday showed U.S. inflation rose last month to a four-decade high of 8.6% — a surprise jump that made financial markets uneasy about how the Fed would respond. The Fed's benchmark short-term rate, which affects many consumer and business loans, will now be pegged to a range of 1.5% to 1.75% — and Fed policymakers forecast a doubling of that range by year's end.

Title: Re: Money Sense
Post by: Anonymous on June 16, 2022, 02:46:58 PM

Markets worldwide are back to tumbling on Thursday, and Wall Street is down roughly 3% in a widespread wipeout as worries about a fragile economy roar back to the fore.

Title: Re: Money Sense
Post by: Anonymous on June 16, 2022, 03:05:47 PM

~~Quote from: seoulbro post_id=460076 time=1655405218 user_id=114~~
Markets worldwide are back to tumbling on Thursday, and Wall Street is down roughly 3% in a widespread wipeout as worries about a fragile economy roar back to the fore.

The USA is moving fast into a recession, or so it appears.

Title: Re: Money Sense
Post by: Anonymous on June 17, 2022, 10:56:17 PM

I also predict the US recession is coming sooner. The more the Fed increases rates, the deeper the recession.

Deutsche Bank now expects 'an earlier and somewhat more severe recession'

The first economist on Wall Street to predict a U.S. recession in 2023 is moving up his timeline for an economic contraction.

"More than two months ago we forecasted that the U.S. economy would tip into a recession by end-2023," Deutsche Bank Chief U.S. economist Matt Luzzetti wrote in a note to clients on Friday. "Since that time, the Fed has undertaken a more aggressive hiking path, financial conditions have tightened sharply and economic data are beginning to show clear signs of slowing. In response to these developments, we now expect an earlier and somewhat more severe recession."

Luzzetti now sees U.S. gross domestic product (GDP) growth coming in at "sub-1%" in the first half of 2023, followed by a -3.1% contraction in the third quarter of 2023 — one quarter earlier than Luzzetti previously estimated. In the fourth quarter of 2023, Luzzetti expects growth to contract by another -0.4%.

https://finance.yahoo.com/news/deutsche-bank-recession-call-203128468.html

Title: Re: Money Sense
Post by: Anonymous on June 18, 2022, 11:56:14 AM

~~Quote from: seoulbro post_id=460320 time=1655520977 user_id=114~~
I also predict the US recession is coming sooner. The more the Fed increases rates, the deeper the recession.

Deutsche Bank now expects 'an earlier and somewhat more severe recession'

The first economist on Wall Street to predict a U.S. recession in 2023 is moving up his timeline for an economic contraction.

"More than two months ago we forecasted that the U.S. economy would tip into a recession by end-2023," Deutsche Bank Chief U.S. economist Matt Luzzetti wrote in a note to clients on Friday. "Since that time, the Fed has undertaken a more aggressive hiking path, financial conditions have tightened sharply and economic data are beginning to show clear signs of slowing. In response to these developments, we now expect an earlier and somewhat more severe recession."

Luzzetti now sees U.S. gross domestic product (GDP) growth coming in at "sub-1%" in the first half of 2023, followed by a -3.1% contraction in the third quarter of 2023 — one quarter earlier than Luzzetti previously estimated. In the fourth quarter of 2023, Luzzetti expects growth to contract by another -0.4%.

https://finance.yahoo.com/news/deutsche-bank-recession-call-203128468.html

We don't seem to be as close to recession as the USA, but we are on our way too.

Title: Re: Money Sense
Post by: Anonymous on June 18, 2022, 11:59:50 AM

A new survey released Friday by the Conference Board of CEO's found that more than 60% of CEOs globally expect a recession in their region before the end of 2023, with 15% of chief executives saying their region is already in recession.

Title: Re: Money Sense
Post by: Anonymous on June 19, 2022, 03:51:41 PM

That likelihood is something big changed in March.

The private economy that never really got going at any point over the past two years since 2020's unnecessary pandemic-panic contraction and then add an unhealthy dose of monetary disease in persistent and increasingly dire collateral shortfalls, it's a recipe for recession.

Title: Re: Money Sense
Post by: Anonymous on June 29, 2022, 01:33:24 PM

Te 24 per cent peak-to-trough decline (so far) in the S&P 500 — in just over five-months' time — is a historically rare event, and in the past has been a very reliable harbinger of recession.

In fact, since 1970, a 20-per-cent-plus draw down in the S&P 500 over a five-plus month time span has resulted in a recession 100 per cent of the time (five for five).

Title: Re: Money Sense
Post by: Anonymous on June 30, 2022, 10:01:34 AM

For all the talk about combating inflation, the Federal Reserve is likely to reverse course and continue to print substantial amounts of money because doing otherwise would threaten the federal government with insolvency, according to macroeconomic analyst Luke Gromen.

Fed chairman Jerome Powell has been talking about the central bank's aggressively raising interest rates in order to tighten the money supply, curb demand, and thus relieve inflationary pressure in the economy. Inflation hit a four-decade high of 8.6 percent in May. The Fed raised rates two weeks ago by 0.75 percent, the most in over 20 years.

It will only take a few more months, however, for the Fed to reverse course, Gromen predicted.

"I think they have to. I don't think they have a choice," he recently told Wealthion's Adam Taggart.

The problem is that higher interest rates mean that government will have to pay more interest on its debt, which now stands at over $30 trillion. Moreover, higher rates mean less credit and less economic activity. What is already becoming apparent is that higher mortgage rates mean fewer home sales and less construction. That means the government will start collecting substantially less in taxes, according to Gromen. Meanwhile, a contracting economy translates to higher welfare expenses as more people go to the government for relief.

Title: Re: Money Sense
Post by: Anonymous on July 04, 2022, 07:07:50 PM

Not all economists are predicting a recession. But, the number seems to be increasing and they believe it is coming sooner.

Recession coming in next year for Canada and the world, more economists warn

If there is a recession, we could be in for a bad one

Former Treasury Secretary Lawrence Summers told Bloomberg TV that there's an increasing risk the recession he expects will start sooner, in 2022.

"The risks of a 2022 recession are significantly higher than I would have judged six or nine weeks ago," Summers told Bloomberg Television's "Wall Street Week" with David Westin. "If the economy did go into recession in the next six to nine months, then you'd probably see a reduction in inflationary pressures."

The Institute of International Finance, a global association for the financial industry, has been warning of the risks of a global recession for some time, but recently turned up the volume because of disturbing new data.

Weeks ago the IIF predicted that Russia's invasion of Ukraine and China's COVID lockdowns would cause global growth in 2022 to flatline.

"Since we made this forecast, however, it has been U.S. data that have surprised to the downside the most," IIF economists said in a note Thursday.

"The rapid slowdown in the U.S. pushes our global growth forecast from near zero into outright contraction."

Consumer confidence has tumbled as the U.S. housing market enters "deep recession" driven by the steepest rise in real mortgage rates since at least 2010, said IIF.

The risk of global recession has been compounded by weak data out of Europe. Factory orders in Germany have fallen to levels not seen since the 2008 financial crisis, aside from the sharp drop in 2020, while German consumer confidence has sunk below the levels of the initial COVID shock, "which is remarkably bad," they said.

The biggest question mark in the IIF forecast is China, where much depends on the spread of the omicron virus. But one thing is becoming clear, they said; unlike the first wave of COVID in 2020, the weakness in China's data in both manufacturing and services looks set to be drawn out.

"Whatever happens, China is unlikely to be a source of stimulus as global recession builds," said the IIF.

Analysts at Nomura Holdings Inc see major economies, including Canada, entering recession over the next 12 months, Bloomberg reports.

"Increasing signs that the world economy is entering a synchronized growth slowdown, meaning countries can no longer rely on a rebound in exports for growth, have also prompted us to forecast multiple recessions," they wrote.

There were signs last week that Canada's economy was losing momentum when Statistics Canada released a preliminary estimate that GDP contracted 0.2% in May. This weakness was partly from the temporary effects of oil and gas output that month, but the slowdown also reflects the impact of the decline in Canada's housing market, said Capital Economics' Stephen Brown.

Home sales fell 9% in May from the month before, shaving 0.1% off GDP, he said. "With the business surveys for June also showing a loss of broader momentum, the economy may be slowing even sooner than we anticipated," said Brown.

If there is a recession, Canada could be in for a bad one, says Nomura. Canada, Australia and South Korea face the risk of deeper downturns if rising interest rates trigger a housing bust, analysts said.

For the U.S., they see a shallow but long recession of five quarters starting from the last quarter of this year, Bloomberg reports.

https://financialpost.com/executive/executive-summary/posthaste-recession-coming-in-for-canada-and-the-world-more-economists-warn

Title: Re: Money Sense
Post by: Anonymous on July 04, 2022, 07:58:51 PM

A recession is coming and it is going to be a shit storm.

Title: Re: Money Sense
Post by: Anonymous on July 11, 2022, 10:17:53 PM

Economists warn economic collapse is coming to Canada soon

https://tnc.news/2022/07/05/economic-collapse/?fbclid=IwAR3CzKcJXVWVvEt1J6_TjBVGZJLvT00rQ_IDz5xzMXyEPvNbRJ-rINRxyro

Despite reassurances from the Trudeau government that the Canadian economy is on the road to recovery, economists are warning that a recession is coming to Canada.

A culmination of rising interest rates, rising inflation, Covid lockdowns in China, sanctions on Russian energy and a contracting US economy is all leading to a Canadian economy that is on the brink of recession.

Despite the best efforts from the Bank of Canada (BoC) to combat inflation by hiking up interest rates to bring down consumer demand, inflation has consistently risen, reaching 7.7% in June 2022.

As the BoC continues to hike rates, the sale of homes in May 2022 fell by 9%, contributing to a 0.1% contraction of GDP.

The effect of a slowing housing market is likely to take a bigger toll on the Canadian economy than on the American economy, as Canada is more than twice as much reliant on the housing market for economic growth compared to the US.

Macquarie Group economist David Doyle says that "When [Canada] has recessions, the lion's share of the weakness in gross domestic product tends to come from residential investment."

The housing market dragging Canada's GDP down could lead to a much more severe recession, causing unemployment to rise higher and the recession to drag on longer.

If a recession does not occur, a period of 'stagflation' could take hold.

Stagflation – characterized by a period of stagnant economic growth with high inflation – can take hold if the BoC fails to bring down inflation despite the interest rate hikes.

If the BoC succeeds in its effort to flatline economic growth but fails to bring down inflation, this would be characteristic of a period of stagflation.

China's policy of eliminating Covid-19 completely has driven the country into mass lockdowns, which is contributing to not only a Chinese economic contraction but is also stunting economic growth worldwide.

China is Canada's second-largest trading partner, and therefore supply chain issues occurring in China have ripple effects, especially concerning Canadian imports.

Chinese economist Si Ling said, "Major exporters to China could be impacted, which will slow the flow of global supply chains through China and drag down global economic growth."

The cost of living is not likely to improve for Canadians anytime soon.

The BoC will more than likely increase the interest rate by 75 points the next time the board meets, mirroring the US' FED interest rate increase.

Despite reassurances from Finance Minister Chrystia Freeland that the government is focused on "fiscal restraint," the Trudeau government continues to spend at an astronomical rate, causing the economy to overheat.

In June, a Scotiabank investors report decried the Trudeau government's lack of action in reducing government spending, forcing the BoC to hike interest rates. Scotiabank economists argue that the burden of lowering inflation is falling on the private sector as the federal government continues to spend at high levels.

Title: Re: Money Sense
Post by: Anonymous on July 12, 2022, 11:43:10 AM

~~Quote from: Herman post_id=463668 time=1657592273 user_id=1689~~
Economists warn economic collapse is coming to Canada soon

https://tnc.news/2022/07/05/economic-collapse/?fbclid=IwAR3CzKcJXVWVvEt1J6_TjBVGZJLvT00rQ_IDz5xzMXyEPvNbRJ-rINRxyro

Despite reassurances from the Trudeau government that the Canadian economy is on the road to recovery, economists are warning that a recession is coming to Canada.

A culmination of rising interest rates, rising inflation, Covid lockdowns in China, sanctions on Russian energy and a contracting US economy is all leading to a Canadian economy that is on the brink of recession.

Despite the best efforts from the Bank of Canada (BoC) to combat inflation by hiking up interest rates to bring down consumer demand, inflation has consistently risen, reaching 7.7% in June 2022.

As the BoC continues to hike rates, the sale of homes in May 2022 fell by 9%, contributing to a 0.1% contraction of GDP.

The effect of a slowing housing market is likely to take a bigger toll on the Canadian economy than on the American economy, as Canada is more than twice as much reliant on the housing market for economic growth compared to the US.

Macquarie Group economist David Doyle says that "When [Canada] has recessions, the lion's share of the weakness in gross domestic product tends to come from residential investment."

The housing market dragging Canada's GDP down could lead to a much more severe recession, causing unemployment to rise higher and the recession to drag on longer.

If a recession does not occur, a period of 'stagflation' could take hold.

Stagflation – characterized by a period of stagnant economic growth with high inflation – can take hold if the BoC fails to bring down inflation despite the interest rate hikes.

If the BoC succeeds in its effort to flatline economic growth but fails to bring down inflation, this would be characteristic of a period of stagflation.

China's policy of eliminating Covid-19 completely has driven the country into mass lockdowns, which is contributing to not only a Chinese economic contraction but is also stunting economic growth worldwide.

China is Canada's second-largest trading partner, and therefore supply chain issues occurring in China have ripple effects, especially concerning Canadian imports.

Chinese economist Si Ling said, "Major exporters to China could be impacted, which will slow the flow of global supply chains through China and drag down global economic growth."

The cost of living is not likely to improve for Canadians anytime soon.

The BoC will more than likely increase the interest rate by 75 points the next time the board meets, mirroring the US' FED interest rate increase.

Despite reassurances from Finance Minister Chrystia Freeland that the government is focused on "fiscal restraint," the Trudeau government continues to spend at an astronomical rate, causing the economy to overheat.

In June, a Scotiabank investors report decried the Trudeau government's lack of action in reducing government spending, forcing the BoC to hike interest rates. Scotiabank economists argue that the burden of lowering inflation is falling on the private sector as the federal government continues to spend at high levels.

A recession in Canada is looming. The US will get there first. The culprit will be bad policy decisions.

Title: Re: Money Sense
Post by: weebles on July 15, 2022, 08:38:54 PM

Looks like it is going to get rough in China with Evergrande defaulting and now people cannot get their money out from the banks and are being beaten for protesting and many being hauled off to "Covid Hotels" which I guess just a fancy term for what used to be called concertation camps.

It's pretty odd when the "Banks" aka the leaders of the CCP are allowed to rob their own customers/citizens.... I guess we all live in interesting times.

https://www.youtube.com/watch?v=eikrolANohw

https://www.youtube.com/watch?v=DF__Gr_NVok

Title: Re: Money Sense
Post by: Anonymous on July 15, 2022, 08:52:10 PM

I aint watching those videos, but I know China is trouble.

Title: Re: Money Sense
Post by: weebles on July 15, 2022, 09:09:12 PM

~~Quote from: Herman post_id=464374 time=1657932730 user_id=1689~~
I aint watching those videos, but I know China is trouble.

Yeah I got into the barrel wash then I tend to go down a rabbit hole when I watch documentaries anyways cheers Herm ac_drinks

Title: Re: Money Sense
Post by: Anonymous on July 15, 2022, 09:15:41 PM

~~Quote from: weebles post_id=464387 time=1657933752 user_id=2191~~
~~Quote from: Herman post_id=464374 time=1657932730 user_id=1689~~
I aint watching those videos, but I know China is trouble.

Yeah I got into the barrel wash then I tend to go down a rabbit hole when I watch documentaries anyways cheers Herm ac_drinks

To barrel wash. The cause and the solution to all of mankind's problems.

The Seoul brother is going to be pissed that we are fucking with his stickied thread.

Title: Re: Money Sense
Post by: Anonymous on July 22, 2022, 08:19:16 AM

Markets have resuming a bounce from last month's lows, as traders bet on strong corporate earnings reports and wagered that markets have found a bottom. Wall Street's main indexes rose on Thursday boosted by a late-afternoon rally and gains in heavyweight growth stocks, including Tesla.

Title: Re: Money Sense
Post by: Anonymous on July 28, 2022, 11:07:43 AM

Canadian Pacific Railway Ltd. reported a lower profit despite higher revenue in its latest quarter.

The Calgary-based railway reported a net income of $765 million in its second quarter, down from $1.25 billion in the same period last year.

The company announced its quarterly dividend would be 19 cents per share for the quarter, payable on Oct. 31.

Title: Re: Money Sense
Post by: Oerdin on August 02, 2022, 08:54:20 PM

~~Quote from: Herman post_id=462728 time=1656979131 user_id=1689~~
A recession is coming and it is going to be a shit storm.

The US has been in recession for all of 2022 so far.

Title: Re: Money Sense
Post by: Anonymous on August 02, 2022, 08:56:56 PM

~~Quote from: Oerdin post_id=468310 time=1659488060 user_id=3374~~
~~Quote from: Herman post_id=462728 time=1656979131 user_id=1689~~
A recession is coming and it is going to be a shit storm.

The US has been in recession for all of 2022 so far.

Yes, it has.

Title: Re: Money Sense
Post by: Anonymous on August 06, 2022, 08:19:30 AM

The markets will be in for a rude awakening following jobs report.

July showed the US created 528,000 jobs. Eemployment is the most lagging of lagging indicators and that is troubling for what it implies for the Federal Reserve. The Fed really put most of their eggs in this employment basket, and they're looking at a lagging indicator to tell them when it's time that they have tightened enough, which suggests that they are going to overdo it on the rate hikes.

Title: Re: Money Sense
Post by: Anonymous on August 11, 2022, 10:34:52 AM

Stocks rallied Wednesday as Wall Street breathed a sigh of relief over a lower-than-expected CPI reading for July that showed inflation eased to an annual 8.5% last month.

The benchmark S&P 500 jumped 2.1% while the Dow Jones Industrial Average gained 535 points, or about 1.6%, and the tech-heavy Nasdaq Composite surged 2.9%.

The TSX was up over three hundred basis points.

Canadian Tire Corp. Ltd. reported lower second-quarter profit compared to a year ago.

The retailer reported its net income attributable to shareholders totalled $145.2 million or $2.43 per diluted share for the quarter, down from $223.6 million or $3.64 per diluted share a year earlier.

Title: Re: Money Sense
Post by: Anonymous on August 12, 2022, 11:35:52 AM

The S&P 500 is up 15% from its mid-June low, a rally that gained even more momentum after Wednesday's U.S. inflation data showed consumer prices unchanged for July. This bolstered the case for the Federal Reserve to end its market-bruising rate hikes sooner than previously expected.

The stock surge, which has delivered the S&P's best eight-week period in more than a year, has brought the index within sight of a 50% retracement of its bear market loss.

Title: Re: Money Sense
Post by: Anonymous on August 12, 2022, 01:26:38 PM

The money in my company pension is up and so are my RRSP's.

Title: Re: Money Sense
Post by: Anonymous on August 15, 2022, 11:33:16 AM

Canadian home sales are down for the fifth month in a row. Home sales across Canada are down 29 percent in July 2022 compared to July 2021.

Title: Re: Money Sense
Post by: Anonymous on August 23, 2022, 07:59:09 AM

The Dow Jones Industrial Average fell sharply Monday, in its worst day since June, as the summer rally fizzled out and fears of aggressive interest rate hikes returned to Wall Street.

The Dow fell 643.13 points, or 1.91%, to 33,063.61. The S&P 500 dropped 2.14% to 4,137.99, and the Nasdaq Composite tumbled 2.55% to 12,381.57, respectively. It was the worst day of trading since June 16 for the Dow and the S&P 500. The TSX was down 136.48 points or 0.68%.

Those losses come on the back of a losing week, which snapped a four-week winning streak for the S&P 500. Still, the broader market index remains about 13% above its June lows.

Investors are anticipating what could be a volatile week of trading ahead of Federal Reserve Chairman Jerome Powell's latest comments on inflation at the central bank's annual Jackson Hole economic symposium.

When you see the market right now dropping down like this, this is the market saying the Fed has to be more aggressive to slow the economy down further if they want to bring inflation back down.

Title: Re: Money Sense
Post by: Anonymous on August 24, 2022, 08:21:05 AM

There's still a gnawing concern the Federal Reserve risks overkill in tightening monetary policy too much into a potentially deep domestic and global recession this winter.

Unnerved by August surveys showing the biggest contraction in U.S. service sector activity since the pandemic, markets wobbled on Tuesday.

For all the intense speculation about how Europe's outsize energy shock will lead to much greater economic damage on eastern side of the Atlantic, all-industry business sentiment is still contracting at a faster rate in the United States than the euro zone or UK.

The prospect of a swingeing winter fuel crisis in Britain and the euro zone may yet change that picture, but the extent to which the United States remains immune from the backwash from that, as well as its own domestic inflation issue, is in question.

Key developments that should provide more direction to U.S. markets later on Wednesday:

* U.S. July durable goods orders, capital goods orders, pending home sales * Earnings: Royal Bank of Canada, Salesforce

* U.S. Treasury auctions 5 year notes

Title: Re: Money Sense
Post by: @realAzhyaAryola on August 24, 2022, 12:03:00 PM

Did you hear that Joe Biden forgave some student loans? Wow.

Title: Re: Money Sense
Post by: Anonymous on August 24, 2022, 06:42:32 PM

~~Quote from: @realAzhyaAryola post_id=472733 time=1661356980 user_id=73~~
Did you hear that Joe Biden forgave some student loans? Wow.

That is what construction and warehouse works want- to pay the debt of a bunch of pansies who majored in transgender studies. The deomcRATs are o out of touch with working American like Paul Begala said.

Title: Re: Money Sense
Post by: Anonymous on August 26, 2022, 11:14:47 AM

Markets are tanking this morning. Federal Reserve Chair Jerome Powell delivered a stark message Friday: The Fed will likely impose more large interest rate hikes in coming monthsFederal Reserve Chair Jerome Powell delivered a stark message Friday: The Fed will likely impose more large interest rate hikes in coming months.

Title: Re: Money Sense
Post by: Anonymous on August 26, 2022, 08:25:36 PM

Stocks plummeted Friday after Federal Reserve Chair Jerome Powell said in his Jackson Hole speech the central bank won't back off in its fight against rapid inflation.

The Dow Jones Industrial Average dropped 1,008.38 points, or 3.03%, to 32,283.40, with losses accelerating into the close. The S&P 500 fell 3.37% to 4,057.66, and the Nasdaq Composite slid 3.94% to 12,141.71. The TSX was down 300 points.

Title: Re: Money Sense
Post by: Anonymous on August 26, 2022, 08:40:58 PM

~~Quote from: Guest post_id=473293 time=1661559936~~
Stocks plummeted Friday after Federal Reserve Chair Jerome Powell said in his Jackson Hole speech the central bank won't back off in its fight against rapid inflation.

The Dow Jones Industrial Average dropped 1,008.38 points, or 3.03%, to 32,283.40, with losses accelerating into the close. The S&P 500 fell 3.37% to 4,057.66, and the Nasdaq Composite slid 3.94% to 12,141.71. The TSX was down 300 points.

When did this sub get guest posting?

Title: Re: Money Sense
Post by: Anonymous on August 27, 2022, 10:57:02 AM

Jerome Powell, Fed head suggests additional interest rate hikes will ultimately produce the lesser of two pains. He is reckless.

Title: Re: Money Sense
Post by: Anonymous on August 31, 2022, 10:51:01 AM

U.S. stocks fell on Tuesday to mark a third-straight losing session, deepening a rout kicked off Friday following Fed Chair Jay Powell's speech in Jackson Hole. The Fed is expected to continue raising interest rates.

When the bell rang on Wall Street, the S&P 500 was off 1.1%, the Dow down 1%, and the tech-heavy Nasdaq fell 1.1%.

Title: Re: Money Sense
Post by: Breakfall on August 31, 2022, 10:59:06 AM

~~Quote from: seoulbro post_id=473775 time=1661957461~~
U.S. stocks fell on Tuesday to mark a third-straight losing session, deepening a rout kicked off Friday following Fed Chair Jay Powell's speech in Jackson Hole. The Fed is expected to continue raising interest rates.

When the bell rang on Wall Street, the S&P 500 was off 1.1%, the Dow down 1%, and the tech-heavy Nasdaq fell 1.1%.

Is this all you are? How does this even relate to most of us? I'm an Australian for a start. As a businessman, I roll with the punches and adjust accordingly. Use your skills accordingly, instead of thinking that you actually make a difference.

Title: Re: Money Sense
Post by: Breakfall on August 31, 2022, 11:01:42 AM

~~Quote from: seoulbro post_id=473404 time=1661612222~~
Jerome Powell, Fed head suggests additional interest rate hikes will ultimately produce the lesser of two pains. He is reckless.

My God son...who the fuck are these people? This is a community...have the decency to tell people who these names are for Christ sake! It's doesn't have to be complicated at all...you're making it so!

Title: Re: Money Sense
Post by: Breakfall on August 31, 2022, 11:12:06 AM

The only " money sense" that you seem to fathom is short-end gains. Let that be a wake-up call moving forward.

Title: Re: Money Sense
Post by: Anonymous on August 31, 2022, 11:16:58 AM

~~Quote from: Breakfall post_id=473786 time=1661958726 user_id=3358~~
The only " money sense" that you seem to fathom is short-end gains. Let that be a wake-up call moving forward.

Seoul?? The very opposite of what you posted..

It's his business to know investing is a long term strategy and he encourages investing that way, because it's the only sensible way to build wealth.

Title: Re: Money Sense
Post by: Breakfall on August 31, 2022, 11:20:20 AM

~~Quote from: Fashionista post_id=473788 time=1661959018 user_id=3254~~
~~Quote from: Breakfall post_id=473786 time=1661958726 user_id=3358~~
The only " money sense" that you seem to fathom is short-end gains. Let that be a wake-up call moving forward.

Seoul?? The very opposite of what you posted..

It's his business to know investing is a long term strategy and he encourages investing that way, because it's the only sensible way to build wealth.

He wouldn't know long-term strategy if it knocked him in the face like a frozen tuna. Maybe he should go back to college and get a handle on things that are relevant to the times?

Title: Re: Money Sense
Post by: Breakfall on August 31, 2022, 11:21:01 AM

How old is this kid anyway? 30 years old?

Title: Re: Money Sense
Post by: Breakfall on August 31, 2022, 11:33:17 AM

Tell me how old this kid is so I can mould him into my hands like putty! Lol

Title: Re: Money Sense
Post by: Anonymous on August 31, 2022, 01:50:35 PM

~~Quote from: Breakfall post_id=473791 time=1661959220 user_id=3358~~
~~Quote from: Fashionista post_id=473788 time=1661959018 user_id=3254~~

Seoul?? The very opposite of what you posted..

It's his business to know investing is a long term strategy and he encourages investing that way, because it's the only sensible way to build wealth.

He wouldn't know long-term strategy if it knocked him in the face like a frozen tuna. Maybe he should go back to college and get a handle on things that are relevant to the times?

Have you ever read his posts sober?

Title: Re: Money Sense
Post by: Breakfall on September 01, 2022, 05:52:37 AM

~~Quote from: Brent post_id=473809 time=1661968235~~
~~Quote from: Breakfall post_id=473791 time=1661959220 user_id=3358~~

He wouldn't know long-term strategy if it knocked him in the face like a frozen tuna. Maybe he should go back to college and get a handle on things that are relevant to the times?

Have you ever read his posts sober?

Just let me spice shit up doofus!

Title: Re: Money Sense
Post by: Anonymous on September 01, 2022, 10:38:31 AM

Stocks are opening lower again on Wall Street, continuing a weak patch that has wiped out much of the gains the market made in July and early August. The S&P 500 lost about half a percent in the early going Thursday. The Nasdaq fell a bit more as technology companies posted some of the biggest losses. Nvidia dropped after the chipmaker said the U.S. government imposed new licensing requirements on its sales to China. The price of oil fell again as concerns grew that the economy could slow down. The price of benchmark U.S. crude is coming off its third month of declines.

Title: Re: Money Sense
Post by: Anonymous on September 01, 2022, 10:50:13 AM

~~Quote from: seoulbro post_id=473876 time=1662043111~~
Stocks are opening lower again on Wall Street, continuing a weak patch that has wiped out much of the gains the market made in July and early August. The S&P 500 lost about half a percent in the early going Thursday. The Nasdaq fell a bit more as technology companies posted some of the biggest losses. Nvidia dropped after the chipmaker said the U.S. government imposed new licensing requirements on its sales to China. The price of oil fell again as concerns grew that the economy could slow down. The price of benchmark U.S. crude is coming off its third month of declines.

I don't look at my invetments right now.

Title: Re: Money Sense
Post by: Anonymous on September 03, 2022, 11:07:29 AM

The markets have given up all their summer time gains. Although the TSX had a good final trading day of the week.

Title: Re: Money Sense
Post by: Anonymous on September 03, 2022, 11:28:29 AM

~~Quote from: seoulbro post_id=474074 time=1662217649~~
The markets have given up all their summer time gains. Although the TSX had a good final trading day of the week.

I won't check my pension or investments until they return to moving up.

Title: Re: Money Sense
Post by: Anonymous on September 04, 2022, 09:13:18 AM

A lot of money can be made betting on when the Federal Reserve will "pivot" — that is, take its foot at least partially off the rate-hike gas pedal. Yet a lot of money can also be lost, as we saw on August 26 when the Dow Jones Industrial Average lost more than 1,000 points after Fed Chair Jerome Powell dashed hopes that the Fed's pivot had begun in July.

The market hit its low an average of 57 days prior to the end of the Fed's rate-hike cycle — about two months.

Even though there are potentially huge gains trying to reinvest in stocks in anticipation of a pivot. There is also a uncertainty and risk associated with it. This is not what I recommend most of my clients invest.

Title: Re: Money Sense
Post by: Anonymous on September 07, 2022, 10:24:41 AM

The Federal Reserve is locked in a battle with inflation, and the effects of its policies are increasing the odds of a recession.

Economists use an aircraft analogy to describe what the U.S. is facing, arguing the Fed is attempting to slowly power down the economy's engine, thereby reducing inflation and ensuring a "soft landing."

Of course, with inflation and the war in Ukraine raging on, the European energy crisis looking worse day by day, and COVID-19 lockdowns in China persisting far longer than anticipated, a soft landing could be a challenge.

Title: Re: Money Sense
Post by: Anonymous on September 08, 2022, 11:59:07 AM

US stocks climbed and the Nasdaq snapped a seven-session losing streak Wednesday as traders took in fresh economic indicators.

The Beige Book survey found that US economic growth is set to weaken further, while inflation is showing signs of cooling off.

Fed Vice Chair Lael Brainard said policymakers will fight inflation "for as long as it takes" but also noted "risks associated with overtightening."

Title: Re: Money Sense
Post by: Anonymous on September 09, 2022, 11:15:54 AM

Stocks are opening broadly higher on Wall Street, keeping the S&P 500 on track to break a three-week losing streak. The benchmark index was up three-quarters of a percent in the early going on Friday, while big gains for technology companies pushed the Nasdaq composite up 1%. The Dow Jones Industrial Average was up about half a percent. All 11 industry sectors of the S&P 500 rose, including energy stocks, which caught a break from recent declines thanks to an upturn in oil prices. DocuSign rose sharply after the electronic signature company reported strong second-quarter sales and raised its subscription forecast.

U.S. Federal Reserve chairman indicated that interest rate increases will likely be within expectations. Futures for the Dow Jones Industrial Average and the S&P 500 climbed 0.7%, putting them on track to break free after three consecutive weeks of losses.

Title: Re: Money Sense
Post by: Anonymous on September 13, 2022, 10:39:53 AM

U.S. stocks dropped sharply Tuesday after an unexpected monthly rise in the August consumer-price index dashed hopes for a further slowdown in inflation and reinforced expectations Federal Reserve policy makers will continue to aggressively tighten monetary policy.

What's happening

The Dow Jones Industrial Average was down 705 points, or 2.2%, at 31,676.

The S&P 500 was down 103 points, or 2.5%, at 4,007.

The Nasdaq Composite tumbled 380 points, 392 points, or 3.2%, to 11,873.

On Monday, the Dow rose 230 points, or 0.7%, the S&P 500 increased 1.1% and the Nasdaq Composite gained 1.3%. The S&P 500 had climbed 5.2% over the last four trading days through Monday.

Title: Re: Money Sense
Post by: Anonymous on September 13, 2022, 11:36:23 AM

~~Quote from: seoulbro post_id=474826 time=1663079993~~
U.S. stocks dropped sharply Tuesday after an unexpected monthly rise in the August consumer-price index dashed hopes for a further slowdown in inflation and reinforced expectations Federal Reserve policy makers will continue to aggressively tighten monetary policy.

What's happening

The Dow Jones Industrial Average was down 705 points, or 2.2%, at 31,676.

The S&P 500 was down 103 points, or 2.5%, at 4,007.

The Nasdaq Composite tumbled 380 points, 392 points, or 3.2%, to 11,873.

On Monday, the Dow rose 230 points, or 0.7%, the S&P 500 increased 1.1% and the Nasdaq Composite gained 1.3%. The S&P 500 had climbed 5.2% over the last four trading days through Monday.

Inflation is hurting investments..

We're okay, we're not retiring soon.

Title: Re: Money Sense
Post by: Anonymous on September 16, 2022, 11:07:18 AM

Former IMF chief economist Kenneth Rogoff said hat the U.S. is in a productivity recession, that wages are worse than they seem and the Fed's strategy is not enough to cool inflation as markets have not fully absorbed how much interest rates will climb.

Title: Re: Money Sense
Post by: Anonymous on September 16, 2022, 11:42:54 AM

~~Quote from: seoulbro post_id=474960 time=1663340838~~
Former IMF chief economist Kenneth Rogoff said hat the U.S. is in a productivity recession, that wages are worse than they seem and the Fed's strategy is not enough to cool inflation as markets have not fully absorbed how much interest rates will climb.

Wage increases are not close to the rate of inflation.

Title: Re: Money Sense
Post by: Anonymous on September 21, 2022, 04:08:21 PM

Intensifying its fight against high inflation, the Federal Reserve raised its key interest rate Wednesday by a substantial three-quarters of a point for a third straight time and signaled more large rate hikes to come — an aggressive pace that will heighten the risk of a deeper recession.

The Dow, TSX and Nasadaq are all tanking as a result of this foolish move.

Title: Re: Money Sense
Post by: Anonymous on September 23, 2022, 01:11:43 PM

Gobal markets came under more pressure Friday as the mood over the economic outlook around the world turned sour. Equities, currencies, other asset classes – virtually nothing has been spared in the economic cyclone that has been mounting over the past few weeks. Here's what economists and analysts have their eyes on during this trading day:

Markets in Turmoil

Indices are down across the board in Friday trading. The S&P TSX composite index slumped over 2.5 per cent in the first hour to 18,516 as energy shares fell to their lowest in over two months and oil prices gave up 6 per cent.

The U.S. markets fared no better. The S&P 500 fell about 1.7 per cent to 3,692 by 10:40 a.m. ET and the Dow Jones slipped 1.5 per cent to 29,616. Goldman Sachs Group Inc. cut its target for the S&P 500 Index from 4,300 to 3,600 by the end of the year, pointing to a shift in interest rate expectations and how they would weigh on equities.

Bank of America Corp. strategists are pointing to a "cash is king" attitude among investors who are showing the most pessimistic attitude towards the markets since the 2008 global financial crisis. Cash inflows hit US$30.3 billion as global equity funds outflows went to US$7.8 billion, bonds lost US$6.9 billion, and gold investment dropped US$400 million during the week of Sept. 21, according to the bank.

The latest retail data from Canada was also disappointing Friday, with sales falling 2.5 per cent in July as lower gasoline prices contributed to the decline. While Canadians were saving money on fuel, the cash windfall did not go to other retailers, said Desjardins managing director and head of macro strategy Royce Mendes said in a note after the data. Mendes also said the modest rebound of 0.4 per cent in nominal retail sales that Statistics Canada estimates for August may point to higher volumes.

"That said, the trend is clear, consumers are pulling back on spending," Mendes said. "The slowdown in consumption is exactly in line with what the Bank of Canada is trying to engineer with its rate increases."

Title: Re: Money Sense
Post by: Anonymous on September 27, 2022, 11:42:51 PM

Morgan Stanley's Chief U.S. Equity Strategist Michael Wilson said that he's convinced a corporate earnings recession is coming—and that it could be worse than a "normal" recession.

Wilson said in a Sept. 26 interview with CNBC's "Squawk Box" that his team at Morgan Stanley is looking closely at the U.S. business earnings story and the impact of corporate profits on equities, which have been on a wild ride in recent months.

"We think it's unavoidable ... to avoid an earnings recession and that's what matters for stocks," Wilson said, with his remarks coming on the same day that the so-called Wall Street fear gauge soared to its highest level since mid-June when U.S. equities last hit a bear market bottom.

Title: Re: Money Sense
Post by: DKG on September 30, 2022, 11:02:07 AM

With inflation-fearing central banks racing each other to ramp up borrowing rates there have now been nearly 300 interest rate hikes over the last year.

"2022 in a Nut: Inflation shock caused rates shock which now threaten recession shock and credit event," BofA analysts said, explaining that peace, globalisation and easy money was being replaced by an "inflationary era of war, nationalism, fiscal panic, quantitative tightening, high rates, high taxes".

This quarter did have a spell of optimism when MSCI's 47-country world stocks index rallied 10% between July to mid August. But the Fed's rate hike wrecking ball soon came swinging back in, and that index has plunged 15% since, leaving it down 25% and $18 trillion year to date.

Wall Street's bear market meanwhile is now 268 days old and notched a peak-to-trough decline of about 24%. That is still relatively short and shallow compared with past drops though.

Since 1950, the average U.S. bear market lasted 391 days with an average peak-to-trough drop of just over 35%, according to Yardeni Research and banks from BofA to Goldman are warning the traditional end-of-year 'Santa rally' might be cancelled.

Title: Re: Money Sense
Post by: DKG on October 01, 2022, 10:37:37 AM

While September was a brutal month for stocks, October tends to be a "bear-market killer," associated with historically strong returns, especially in midterm election years.

Skeptics, however, are warning investors that negative economic fundamentals could overwhelm seasonal trends as what's traditionally the roughest period for equities comes to an end.

U.S. stocks ended sharply lower on Friday, posting their worst skid in the first nine months of any year in two decades. The S&P 500 recorded a monthly loss of 9.3%, its worst September performance since 2002. The Dow Jones Industrial Average fell 8.8%, while the Nasdaq Composite on Friday pushed its total monthly loss to 10.5%.

Title: Re: Money Sense
Post by: DKG on October 02, 2022, 09:50:26 AM

Buy, buy, buy. The end of tightening is at hand.

Stocks look good now as the Federal Reserve appears close to ending its tightening, according to Jim Paulsen. Inflation has already rolled over and will continue to decline, the Leuthold Group's chief investment strategist said.

"Historically, peak inflations have been very good times to buy the stock market," said Paulsen.

Wall Street strategist Jim Paulsen said the Federal Reserve's tightening campaign may be close to finished as inflation has already peaked, which historically has been a good time to buy stocks.

While Fed officials have said they are committed to bringing inflation down to their 2% target, Paulsen said their work is nearly done.

"I don't even know if the Fed has to do anything anymore," he said. "I think the war with inflation has probably been won, we just don't know it yet. Historically, peak inflations have been very good times to buy the stock market."

He noted the S&P 500's valuation is at relatively low levels, and that investor sentiment is very pessimistic, which is often seen by market contrarians as bullish for stocks.

Title: Re: Money Sense
Post by: Anonymous on October 07, 2022, 01:49:29 AM

Launder your ill gotten gains through casinos and real estate.

Title: Re: Money Sense
Post by: DKG on October 07, 2022, 10:38:33 AM

The US added more jobs than epected in September. This guarantees more interest hikes are coming pushing markets down.

Title: Re: Money Sense
Post by: Anonymous on October 08, 2022, 12:33:26 AM

Use a revolver when commiting robberies and contracted hits. There is no chance of jam and you leave behind far less evidence.

Wear gloves.

Title: Re: Money Sense
Post by: DKG on October 13, 2022, 08:27:42 AM

The Fed is fighting inflation too hard as price pressures are fading, David Rosenberg said.

The central bank's rapid interest-rate hikes are paving the way for an economic disaster, he said.

The Rosenberg Research chief expects inflation to drop from over 8% to below 3% in the next year.

Title: Re: Money Sense
Post by: DKG on October 18, 2022, 06:44:54 PM

The US economy shrank 1.6 percent in the first quarter and 0.6 percent in the second. Inflation averaged 8.2 percent in the twelve months through September. The Fed has lifted interest rates by three percentage points since March.

Many top economist's like Harvard's Larry Summers are putting the chances of a deep recession at one hundred percent.

Title: Re: Money Sense
Post by: DKG on October 19, 2022, 01:28:59 PM

Inflation in the UK was 10.1 percent year over year.

Title: Re: Money Sense
Post by: DKG on October 21, 2022, 05:57:26 PM

Earnings are coming in better than expected. But, it will be short term. Markets will not likely reach bottom until 2023. Continuing to raise interest rates will deepen the pain unnecessarily.

Title: Re: Money Sense
Post by: Herman on October 27, 2022, 10:18:46 PM

The US economy grew for the first time in six months. I see the markets have been having a good week.

Title: Re: Money Sense
Post by: DKG on October 28, 2022, 08:20:50 AM

~~Quote from: Herman post_id=478832 time=1666923526 user_id=3396~~
The US economy grew for the first time in six months. I see the markets have been having a good week.

Markets will do better in the final quarter as they usually do. The effects of reckless fiscal policy will be felt next year.

Title: Re: Money Sense
Post by: DKG on November 03, 2022, 09:14:17 AM

U.S. stock indexes finished a volatile session with losses on Wednesday after the Federal Reserve announced the fourth straight jumbo increase in its benchmark interest rate and hinted at a potential slowdown in its effort to tighten monetary policy to bring down inflation.

However, Powell said in his press conference that it is "very premature" to be thinking about pausing the rise in rates, and the ultimate target for increases in its policy rate may be higher than previously expected.

The Dow Jones Industrial Average was down 505.44 points, or 1.6%, to finish at 32,147.76.

The S&P 500 lost 96.41 points, or 2.5%, ending at 3,759.69.

The Nasdaq Composite fell 366.05 points, or 3.4%, to finish at 10,524.80.

The S&P/TSX composite index was down more than 240 points.

Title: Re: Money Sense
Post by: DKG on November 08, 2022, 06:54:05 AM

Stock futures were slighter higher Tuesday morning evening following a winning day for markets as investors looked ahead to U.S. midterm elections on Tuesday.

Futures tied to the Dow Jones Industrial average rose 65 points or 0.2 as were S&P 500 futures. Nasdaq 100 futures were were up 0.45%.

Shares of Lyft fell nearly 20% premarket while Take-Two Interactive and Tripadvisor slumped more than 18% each after reporting disappointing quarterly results.

The moves come after a day when all major indexes notched a second straight positive session. The Dow Jones Industrial Average closed higher by 423.78 points, or 1.31%. Meanwhile, the S&P 500 gained 0.96%, and the Nasdaq Composite rose 0.85%.

Investors are awaiting Tuesday's midterm election results. They will determine which party controls Congress and steer future policy and spending.

Any market reaction will likely hinge on whether Republicans take back the House of Representatives, the Senate or both.

Title: Re: Money Sense
Post by: DKG on November 08, 2022, 09:19:11 AM

Democratic upset in U.S. midterms could roil markets looking for a GOP win. A surprise victory by the Democrats could throw the markets for a loop, potentially bringing to the fore concerns about tech-sector regulation as well as budget spending that could buoy already-high inflation, according to market participants. Options positioning implied a 1.5% decline in the S&P 500 on the day after the vote should Democrats pull off a stronger-than-expected showing.

Title: Re: Money Sense
Post by: DKG on November 09, 2022, 07:21:49 AM

The markets may have a negative reaction to this. It's no surprise the Senate results could take another month. But, we thought there would be a clear result in the House today.

Title: Re: Money Sense
Post by: DKG on November 10, 2022, 06:52:45 AM

The October consumer price index report could spark big moves in the stock market on Thursday, according to JPMorgan.

The bank ran a scenario analysis and said a big miss or beat could move the S&P 500 up or down as much as 6%.

Economists expect the CPI report to show a year-over-year increase of 7.9%, a decline from September's 8.2% reading.

Following the midterm elections, investors have shifted their focus to Thursday's October consumer price index report, and it could jolt markets in a big way depending on the data, according to JPMorgan.

The bank's trading desk ran a scenario analysis of where it expects the S&P 500 to trade depending on the CPI report. Economists surveyed by Bloomberg expect it to show a year-over-year headline inflation increase of 7.9%, which would be a decline from September's 8.2% reading.

Things would get dicey quick if October's CPI report comes in above expectations, with the bank expecting a 30% chance that headline CPI prints 8.1% to 8.3%. The S&P 500 could fall between 2% and 3% if that scenario plays out tomorrow.

The least likely scenario happening, according to JPMorgan, is a huge beat or miss in the October CPI report. At a 5% chance of happening on each side of the spectrum, the bank expects the S&P 500 to soar or crash as much as 6% if October's CPI print is below 7.6% or above 8.4%, respectively.

Title: Re: Money Sense
Post by: DKG on November 11, 2022, 05:50:27 AM

Thursday's data showing U.S. CPI inflation grew 7.7% in October, its slowest pace in nine months, suggesting the series of sharp interest rate hikes by the Federal Reserve this year were finally having their desired effect.

This raised expectations that the Fed policymakers may decide to temper the central bank's aggressive monetary tightening campaign earlier than previously anticipated, potentially hiking by only 50 basis points in December instead of another 75 bps increase.

The CPI data will not be the final say on that decision (we have jobs data and another CPI release before then), but it can set the tone regarding the Fed's comfort level.

Stocks soared after fresh data showed inflation eased in October, with the Dow industrials adding some 1,200 points. Nasdaq, S&P, and the TSX all had huge gains.

Title: Re: Money Sense
Post by: DKG on November 16, 2022, 09:21:23 AM

The cryptocurrency world is melting down, much as the subprime market did in 2007. Back then, scarcely understood financial products in high demand pitched the world into crisis. Is that about to happen again?

Ffor now, the situation is demonstrating two things. The first is that, for all the hype about bitcoin, and for all the speculative money pouring into firms such as FTX, the crypto world remains a fringe niche within the larger financial system. And the second is that, precisely because regulators in the United States and other countries understood crypto's risks, traditional financial institutions—the creators of the subprime mess—are walled off from the current meltdown.

The central problem is that cryptocurrencies remain little more than speculative assets and the crypto markets are little more than a casino, rife with fraud. The FTX meltdown's affect on the health of markets has been minimalized.

Title: Re: Money Sense
Post by: DKG on November 16, 2022, 09:22:49 AM

Federal Reserve Vice Chair for Supervision Michael Barr cautioned the US economy would take a hit as the central bank confronts high inflation.

Fed officials are raising interest-rates aggressively to confront the highest price pressures in 40 years and have forecast that unemployment will advance to 4.4% in 2023, according to their median projection. The US unemployment rate in October was 3.7%.

Title: Re: Money Sense
Post by: DKG on November 16, 2022, 10:00:24 PM

The S&P 500 fell on Wednesday as a grim outlook from Target spurred fresh concerns about retailers heading into the crucial holiday season, while semiconductor shares slumped broadly after Micron's supply cut.

Shares of Target Corp tumbled after the big-box retailer forecast a surprise drop in holiday-quarter sales.

Retail stocks slumped broadly, including steep declines in shares of Macy's Inc, Best Buy Co Inc and Foot Locker.

Micron Technology shares dropped after the company said it would reduce memory chip supply and make more cuts to its capital spending plan. The S&P 500 information technology sector and the Philadelphia SE Semiconductor index both sank.

Title: Re: Money Sense
Post by: DKG on November 18, 2022, 11:46:35 AM

An assembly of Fed officials on Thursday pushed back against speculation that a pause on monetary tightening is close. The remarks made in separate speaking engagements across the country sent stocks and bonds into disarray after a fleeting uptrend propelled by lighter inflation data.

St. Louis Fed President James Bullard and San Francisco Fed President Mary Daly each said the central bank is looking at a terminal rate of up to 5.25%.

Central Banks should immediately pause raising interest rates.

Title: Re: Money Sense
Post by: DKG on November 18, 2022, 10:34:47 PM

Amin Nasser, chief executive officer, Saudi Arabian Oil Company (Aramco) has warned that oil prices could quickly spike again as producing nations face "extremely low" spare capacity.

He warned that the oil prices could quickly jump soon.

"Today there is spare capacity that is extremely low, if China opens up, the economy starts improving or the aviation industry starts asking for more jet fuel, you will erode this spare capacity," he said.

"When you erode that spare capacity the world should be worried. There will be no space for any hiccup — any interruption, any unforeseen events anywhere around the world."

As a response I recommend Shell, which is expected to grow in 2023.

Chevron, approved a 6% increase to the quarterly dividend rate to $1.42 per share. That gives the company an annual dividend yield of 3.0%.The stock has enjoyed a nice rally too, climbing 57% in 2022. Solid financials allow the company to return cash to investors. Exxon pays quarterly dividends of 91 cents per share, translating to an annual yield of 3.2%. There is a buy rating on Exxon and a price target of $133 — around 17% above where the stock sits today.

Exxon Mobil has a commanding a market cap of over $460 billion.

Title: Re: Money Sense
Post by: DKG on November 25, 2022, 06:52:30 AM

It's too optimistic to think interest rate rises are done, says Federated Hermes' chief strategist. "The market is whistling past the graveyard and expecting the best thing to happen," Phil Orlando said. It could take until the end of 2024 for inflation to fall to the Fed's 2% target, he added.

Title: Re: Money Sense
Post by: DKG on November 26, 2022, 07:05:54 AM

US stocks will slump, inflation will cool, and a recession will hit as a global downturn takes hold, top UBS strategist says.

US stocks could rally in the short term but haven't bottomed yet, Bhanu Baweja said.

The top UBS strategist sees underlying inflation cooling, and the US economy suffering a recession.

Earnings pressure, higher bond yields, and a global downturn will likely weigh on stocks, he said. I agree with this.

Title: Re: Money Sense
Post by: DKG on November 29, 2022, 06:40:27 PM

Historic protests across China over its zero-COVID policy battered U.S. stocks on Monday, highlighting a close link between the contentious Chinese measures and domestic economic conditions that could help determine whether the U.S. enters a recession.

COVID lockdowns in China have clogged supply chains in the manufacturing stalwart, extending pandemic-era bottlenecks that have contributed to inflation. Meanwhile, the zero-COVID policy has stagnated the Chinese economy, hurting spending among Chinese customers and in turn pummeling U.S companies that depend on it.

Title: Re: Money Sense
Post by: DKG on December 01, 2022, 06:32:26 PM

The stock market typically doesn't bottom out until after the Federal Reserve begins to reduce interest rates. Stocks have been rallying in recent weeks on the expectation/hope that the Fed at its December meeting will raise rates by 50 basis points as opposed to the anticipated 75 basis points. We are not at the pivot point yet where the Fed stops raising interest rates.

Title: Re: Money Sense
Post by: DKG on December 01, 2022, 09:35:21 PM

The current rally in stocks will trick investors into thinking the bear market is over, but there's still a case for the S&P 500 to fall another 26% next year.

Stocks gained momentum after the October inflation report clocked in below-expectations, spurring hopes the Fed will ease up on its monetary tightening and give equities more room to breathe. Inflation is also set to slow to 2%-3% next year, which is good for the economy but spells trouble for stocks. That's because falling inflation will weaken profit margins.

It could be a buyer's market for a while. A lot depends on the US Fed and other central banks.

Title: Re: Money Sense
Post by: Frood on December 01, 2022, 10:18:47 PM

It's a mugs game if you don't have outright titles and physical wealth...

We're witnessing the take down of most stores of value and savings with individuals and their families.

Food, fuel, fertiliser, heirloom seeds, precious metals, spare parts, land, protection, and like minded people are becoming a short supply.

It's a slow burn cull of humanity.

Like leading each of the cattle away from the herd in order to slaughter them without spiking the adrenaline of the rest...

Find some paddock that is safer than the rest.

Title: Re: Money Sense
Post by: DKG on December 01, 2022, 10:26:08 PM

~~Quote from: "Dinky Dazza" post_id=485552 time=1669951127 user_id=1676~~
It's a mugs game if you don't have outright titles and physical wealth...

We're witnessing the take down of most stores of value and savings with individuals and their families.

Food, fuel, fertiliser, heirloom seeds, precious metals, spare parts, land, protection, and like minded people are becoming a short supply.

It's a slow burn cull of humanity.

Like leading each of the cattle away from the herd in order to slaughter them without spiking the adrenaline of the rest...

Find some paddock that is safer than the rest.

Shares are real wealth. Real companies are asset based. Investors own a piece. They do well, the investor does well. If interest rates are high, people don't borrow money and buy products and services companies provide and share values retreat. Interest rates are low, it spurs consumption and company profits increase and so does investor wealth. And over time, the markets always go up.

Title: Re: Money Sense
Post by: Frood on December 01, 2022, 10:38:05 PM

~~Quote from: DKG post_id=485554 time=1669951568 user_id=3390~~
~~Quote from: "Dinky Dazza" post_id=485552 time=1669951127 user_id=1676~~
It's a mugs game if you don't have outright titles and physical wealth...

We're witnessing the take down of most stores of value and savings with individuals and their families.

Food, fuel, fertiliser, heirloom seeds, precious metals, spare parts, land, protection, and like minded people are becoming a short supply.

It's a slow burn cull of humanity.

Like leading each of the cattle away from the herd in order to slaughter them without spiking the adrenaline of the rest...

Find some paddock that is safer than the rest.

Shares are real wealth. Real companies are asset based. Investors own a piece. They do well, the investor does well. If interest rates are high, people don't borrow money and buy products and services companies provide and share values retreat. Interest rates are low, it spurs consumption and company profits increase and so does investor wealth. And over time, the markets always go up.

Until it all falls apart.

I get what you're saying but the great reset is coming and computer/paper ledgers won't matter one day.... in our lives or our children's.

It's all a ponzi scheme... it's ALWAYS been a ponzi scheme...

The fall of Rome just keeps repeating.

If you want to rely on the system, good for you.

I prefer to think to the future when this shit collapses again and what I need to do now for my family so their families have a fighting chance to live....and it's nearly on our doorstep, mate.

So look beyond yourself. If you don't have kids, think about the kids in your relative group. Secure their future by not only investing in rigged markets but in tangible and physical things while you still can.

Hedge.

Title: Re: Money Sense
Post by: Shen Li on December 02, 2022, 12:20:25 AM

I'm 38 years old. I've been investing since I was 23. My investments have increasesd many fold. It's always irresponsible clowns that didn't plan for their own futures that criticize people for being smart and successful.

Title: Re: Money Sense
Post by: JOE on December 02, 2022, 12:32:33 AM

~~Quote from: DKG post_id=485518 time=1669937546 user_id=3390~~
The stock market typically doesn't bottom out until after the Federal Reserve begins to reduce interest rates. Stocks have been rallying in recent weeks on the expectation/hope that the Fed at its December meeting will raise rates by 50 basis points as opposed to the anticipated 75 basis points. We are not at the pivot point yet where the Fed stops raising interest rates.

Methinx 2023 will be a rough year.

Even worse for many than 2022.

They had a 10 year bull market.

So it had to come down at some point.

Be a couple more years at least til it starts to show signs if any, of coming back.

Title: Re: Money Sense
Post by: Shen Li on December 02, 2022, 12:45:31 AM

If any. ac_toofunny ac_lmfao :roll:

Title: Re: Money Sense
Post by: TheProwler on December 02, 2022, 07:03:50 PM

~~Quote from: JOE post_id=485567 time=1669959153 user_id=97~~
~~Quote from: DKG post_id=485518 time=1669937546 user_id=3390~~
The stock market typically doesn't bottom out until after the Federal Reserve begins to reduce interest rates. Stocks have been rallying in recent weeks on the expectation/hope that the Fed at its December meeting will raise rates by 50 basis points as opposed to the anticipated 75 basis points. We are not at the pivot point yet where the Fed stops raising interest rates.

Methinx 2023 will be a rough year.

Even worse for many than 2022.

They had a 10 year bull market.

So it had to come down at some point.

Be a couple more years at least til it starts to show signs if any, of coming back.

S&P 500 PE Ratio is 21.18, down from over 65. It will probably get down to 15, maybe even 10.

Pfizer, as one example, is a great deal with a 9.75 PE ratio right now.

TSX PE Ratio is 14.2, down from over 50. It might now get any lower.

Many Canadian Blue Chip stocks with a PE ratio under 7 can be found. Now is a great time to invest in the Canadian stock market.

Title: Re: Money Sense
Post by: reel on December 02, 2022, 07:12:17 PM

~~Quote from: "Dinky Dazza" post_id=485556 time=1669952285 user_id=1676~~

Until it all falls apart.

I get what you're saying but the great reset is coming and computer/paper ledgers won't matter one day.... in our lives or our children's.

It's all a ponzi scheme... it's ALWAYS been a ponzi scheme...

The fall of Rome just keeps repeating.

If you want to rely on the system, good for you.

I prefer to think to the future when this shit collapses again and what I need to do now for my family so their families have a fighting chance to live....and it's nearly on our doorstep, mate.

So look beyond yourself. If you don't have kids, think about the kids in your relative group. Secure their future by not only investing in rigged markets but in tangible and physical things while you still can.

Hedge.

Yes, hedge. A suitably diversified portfolio would include both physical, tangible wealth - real estate, tools, survival materials, and good old portable property; but also financial assets with growth potential.

Markets are not a Ponzi scheme where they include the means and materials of useful production. Just don't buy ape NFTs.

Title: Re: Money Sense
Post by: DKG on December 02, 2022, 07:38:14 PM

~~Quote from: reel post_id=485836 time=1670026337 user_id=196~~
~~Quote from: "Dinky Dazza" post_id=485556 time=1669952285 user_id=1676~~

Until it all falls apart.

I get what you're saying but the great reset is coming and computer/paper ledgers won't matter one day.... in our lives or our children's.

It's all a ponzi scheme... it's ALWAYS been a ponzi scheme...

The fall of Rome just keeps repeating.

If you want to rely on the system, good for you.

I prefer to think to the future when this shit collapses again and what I need to do now for my family so their families have a fighting chance to live....and it's nearly on our doorstep, mate.

So look beyond yourself. If you don't have kids, think about the kids in your relative group. Secure their future by not only investing in rigged markets but in tangible and physical things while you still can.

Hedge.

Yes, hedge. A suitably diversified portfolio would include both physical, tangible wealth - real estate, tools, survival materials, and good old portable property; but also financial assets with growth potential.

Markets are not a Ponzi scheme where they include the means and materials of useful production. Just don't buy ape NFTs.

I wouldn't think of it.

Title: Re: Money Sense
Post by: reel on December 02, 2022, 09:31:06 PM

I was recently beaking off about how stupid the apes are and the ridiculousness of NFTs in general, only to discover that the chap I was speaking to "dabbled" in ape trading. He was a sport about it, but I'm pretty sure he lost a lot of money.

Title: Re: Money Sense
Post by: JOE on December 02, 2022, 09:37:17 PM

~~Quote from: reel post_id=485880 time=1670034666 user_id=196~~
I was recently beaking off about how stupid the apes are and the ridiculousness of NFTs in general, only to discover that the chap I was speaking to "dabbled" in ape trading. He was a sport about it, but I'm pretty sure he lost a lot of money.

Actually what is the reason behind nft's?

Is it or can it be used for branding?

In that regard I could see why it could make sense. A nft symbol appearing on a company's digital correspondence and advertising. Ie if Apple has an nft for its logo?

Title: Re: Money Sense
Post by: reel on December 02, 2022, 09:58:09 PM

I COULD explain the principles and purpose behind NFTs to you Joe. I could also gauge my eyes out with a rusty needle, cut my wrists and pour salt in the wounds, or break my ankles and then try to run a marathon.

However, I don't think I will do any of those things.

Title: Re: Money Sense
Post by: DKG on December 02, 2022, 10:06:47 PM

~~Quote from: reel post_id=485883 time=1670036289 user_id=196~~
I COULD explain the principles and purpose behind NFTs to you Joe. I could also gauge my eyes out with a rusty needle, cut my wrists and pour salt in the wounds, or break my ankles and then try to run a marathon.

However, I don't think I will do any of those things.

I will not do any of those things either.

Title: Re: Money Sense
Post by: TheProwler on December 03, 2022, 12:59:21 AM

~~Quote from: JOE post_id=485882 time=1670035037 user_id=97~~
Actually what is the reason behind nft's?

Some fuckin' idiot has a stupid idea and a lot of other idiots think it is a good idea.

I would have thought that you would be all over it, Joe.

Title: Re: Money Sense
Post by: JOE on December 03, 2022, 07:14:35 AM

~~Quote from: TheProwler post_id=485907 time=1670047161 user_id=3379~~
~~Quote from: JOE post_id=485882 time=1670035037 user_id=97~~
Actually what is the reason behind nft's?

Some fuckin' idiot has a stupid idea and a lot of other idiots think it is a good idea.

I would have thought that you would be all over it, Joe.

Actually, NFT seems like it could become a big deal, Prowler:

https://bootcamp.uxdesign.cc/nft-projects-by-company-a-list-for-marketing-experts-looking-for-answers-8837fd141aec

...especially if the likes of McDonalds & Nike have 'em.

https://youtu.be/PmwLIIHwChk

https://youtu.be/qx_UKk-5AVo

Title: Re: Money Sense
Post by: JOE on December 03, 2022, 07:21:50 AM

Look Prowler....

https://www.youtube.com/shorts/AjwvKAqps1E

....swoosh!

Title: Re: Money Sense
Post by: JOE on December 03, 2022, 07:36:39 AM

More info about NFT's:

https://www.youtube.com/watch?v=awyUlPQD7Ng

Title: Re: Money Sense
Post by: JOE on December 03, 2022, 07:44:23 AM

How to design an NFT Metaverse:

https://www.youtube.com/watch?v=f383A2lTUrw

Title: Re: Money Sense
Post by: TheProwler on December 03, 2022, 06:07:36 PM

Hahahaha!!!

Senile @Joe is going to spend his Disability Pension on NFTs!!!!

Hahahahahahaha!!!!

Title: Re: Money Sense
Post by: JOE on December 03, 2022, 08:31:44 PM

~~Quote from: TheProwler post_id=485994 time=1670108856 user_id=3379~~
Hahahaha!!!

Senile @Joe is going to spend his Disability Pension on NFTs!!!!

Hahahahahahaha!!!!

Prowler...any person with common sense & the means would never buy an NFT...they'd make 'em package, distribute 'em & sell 'em. I can do it & so can you. Just like the person who managed 'to mine' cryptocurrency from a low cost or lossless energy source would be better off than the fool who spent $68,000 usd per bitcoin at its height actually buying it.

Basically ya just need a PC or Mac, the required software & an Internet connection.

I got all the software packages they mentioned like modo blender and revit so I wouldn't mind giving it a whirl. Create something from basically nothing & other than your time, monthly Internet bill, nothing spent on em translates inta profit provided somebody buys yer nft's.

Maybe Reel can weigh in on this.

Title: Re: Money Sense
Post by: Biggie Smiles on December 03, 2022, 08:38:51 PM

~~Quote from: JOE post_id=486033 time=1670117504 user_id=97~~

Maybe Reel can weigh in on this.

Or maybe you could purposely fall down a flight of stairs and become dead as a door nail on the landing below

how bout it, sport?

Title: Re: Money Sense
Post by: JOE on December 03, 2022, 08:47:42 PM

~~Quote from: "Biggie Smiles" post_id=486034 time=1670117931 user_id=3214~~
~~Quote from: JOE post_id=486033 time=1670117504 user_id=97~~

Maybe Reel can weigh in on this.

Or maybe you could purposely fall down a flight of stairs and become dead as a door nail on the landing below

how bout it, sport?

I'd be interested making nfts Bigly.

If Nike made $100 million off a fake digital entity that anyone with computer skills & an Internet connection can produce then why not?

Title: Re: Money Sense
Post by: TheProwler on December 04, 2022, 03:29:07 AM

At least if Joe keeps busy with NFTs it will keep him from creeping around the women of his neighbourhood for a while.

Title: Re: Money Sense
Post by: DKG on December 04, 2022, 12:27:27 PM

Joe's troilling belongs in the Smithsonian museum. It is so 2006. He hasn't modified his game to match the realities of forums in 2022. Hence, people leave this medium, he stays.

Title: Re: Money Sense
Post by: JOE on December 04, 2022, 08:35:10 PM

~~Quote from: DKG post_id=486110 time=1670174847 user_id=3390~~
Joe's troilling belongs in the Smithsonian museum. It is so 2006. He hasn't modified his game to match the realities of forums in 2022. Hence, people leave this medium, he stays.

Back on topic, Korean ....

World's leading investors & wealthiest men have a gloomy outlook for 2023 & probably 2024:

https://markets.businessinsider.com/news/stocks/burry-musk-zuckerberg-fink-jassy-cooperman-economy-outlook-recession-fed-2022-12

....which means even they will be cutting back on their spending. Companies will be tightening their belts for the forseeable future. Less hiring, more firing, less investment, fewer startups & new products.

Title: Re: Money Sense
Post by: JOE on December 04, 2022, 08:41:48 PM

~~Quote from: TheProwler post_id=486055 time=1670142547 user_id=3379~~
At least if Joe keeps busy with NFTs it will keep him from creeping around the women of his neighbourhood for a while.

NFTs the future, Prowler!

They're kinda like where the World Wide Web was back in 2000. Jes kinda gettin started.

I suspect theres a lotta money ta be made in em via ecommerce & Internet marketing.

I wouldn't buy any tho. Jes make em & let somebody else pay for em. I'd keep the change, eh? It was just like when WWW first appeared people were making $50-100 an hour designing what are now considered primitive looking pages that 10 year olds do now.

Im surprised that as a techie you cant see the opportunity here.

Title: Re: Money Sense
Post by: TheProwler on December 05, 2022, 02:02:01 AM

Like I said.

~~Quote from: TheProwler post_id=486055 time=1670142547 user_id=3379~~
At least if Joe keeps busy with NFTs it will keep him from creeping around the women of his neighbourhood for a while.

Post up one of your NFTs when you have them available, Creepy Liar Joe.

Title: Re: Money Sense
Post by: DKG on December 05, 2022, 06:58:01 AM

~~Quote from: TheProwler post_id=486177 time=1670223721 user_id=3379~~
Like I said.

~~Quote from: TheProwler post_id=486055 time=1670142547 user_id=3379~~
At least if Joe keeps busy with NFTs it will keep him from creeping around the women of his neighbourhood for a while.

Post up one of your NFTs when you have them available, Creepy Liar Joe.

Please don't encourage. Can we keep at least one thread free of Joe's attention starved prehistoric brand of trolling.

Title: Re: Money Sense
Post by: Herman on December 05, 2022, 05:28:00 PM

Hey Joe, every forum you post on quickly becomes dead. This forum has been around a long time. It's a good group of folks. We don't want you fucking this forum up like you have VF and BF. I know you cannot help yourself, but maybe you could keep your lame trolling out of this thread at least.

Title: Re: Money Sense
Post by: deadskinmask on December 05, 2022, 05:34:11 PM

~~Quote from: Herman post_id=486242 time=1670279280 user_id=3396~~Hey Joe,

https://www.youtube.com/watch?v=gUPifXX0foU

Title: Re: Money Sense
Post by: JOE on December 05, 2022, 05:41:43 PM

~~Quote from: Herman post_id=486242 time=1670279280 user_id=3396~~
Hey Joe, every forum you post on quickly becomes dead. This forum has been around a long time. It's a good group of folks. We don't want you fucking this forum up like you have VF and BF. I know you cannot help yourself, but maybe you could keep your lame trolling out of this thread at least.

Hey Herman I'd rather stay on topic but some gaslighting fool keeps badgering me about nft's. Why don't you tell him to shut the fuck up? Prowler has no forum manners & nor the maturity to post here. Lotsa mommy issues too.

Anyway heres some food for thought to get this thread back on track:

https://youtu.be/_EhoUb3lqD8

Title: Re: Money Sense
Post by: TheProwler on December 06, 2022, 05:38:20 AM

~~Quote from: JOE post_id=486246 time=1670280103 user_id=97~~
Hey Herman I'd rather stay on topic but some gaslighting fool keeps badgering me about nft's.

Yeah, Senile Joe, you were avoiding any talk of NFTs.

You idiot.

Hahahaha!!!!

~~Quote from: JOE post_id=485882 time=1670035037 user_id=97~~
Actually what is the reason behind nft's?

Is it or can it be used for branding?

In that regard I could see why it could make sense. A nft symbol appearing on a company's digital correspondence and advertising. Ie if Apple has an nft for its logo?

~~Quote from: JOE post_id=485926 time=1670069675 user_id=97~~
Actually, NFT seems like it could become a big deal, Prowler:

https://bootcamp.uxdesign.cc/nft-projects-by-company-a-list-for-marketing-experts-looking-for-answers-8837fd141aec

...especially if the likes of McDonalds & Nike have 'em.

https://youtu.be/PmwLIIHwChk

https://youtu.be/qx_UKk-5AVo

~~Quote from: JOE post_id=485927 time=1670070110 user_id=97~~
Look Prowler....

https://www.youtube.com/shorts/AjwvKAqps1E

....swoosh!

~~Quote from: JOE post_id=485929 time=1670070999 user_id=97~~
More info about NFT's:

https://www.youtube.com/watch?v=awyUlPQD7Ng

~~Quote from: JOE post_id=485930 time=1670071463 user_id=97~~
How to design an NFT Metaverse:

https://www.youtube.com/watch?v=f383A2lTUrw

~~Quote from: JOE post_id=486033 time=1670117504 user_id=97~~
Prowler...any person with common sense & the means would never buy an NFT...they'd make 'em package, distribute 'em & sell 'em. I can do it & so can you. Just like the person who managed 'to mine' cryptocurrency from a low cost or lossless energy source would be better off than the fool who spent $68,000 usd per bitcoin at its height actually buying it.

Basically ya just need a PC or Mac, the required software & an Internet connection.

I got all the software packages they mentioned like modo blender and revit so I wouldn't mind giving it a whirl. Create something from basically nothing & other than your time, monthly Internet bill, nothing spent on em translates inta profit provided somebody buys yer nft's.

Maybe Reel can weigh in on this.

~~Quote from: JOE post_id=486037 time=1670118462 user_id=97~~
I'd be interested making nfts Bigly.

If Nike made $100 million off a fake digital entity that anyone with computer skills & an Internet connection can produce then why not?

~~Quote from: JOE post_id=486160 time=1670204508 user_id=97~~

NFTs the future, Prowler!

They're kinda like where the World Wide Web was back in 2000. Jes kinda gettin started.

I suspect theres a lotta money ta be made in em via ecommerce & Internet marketing.

I wouldn't buy any tho. Jes make em & let somebody else pay for em. I'd keep the change, eh? It was just like when WWW first appeared people were making $50-100 an hour designing what are now considered primitive looking pages that 10 year olds do now.

Im surprised that as a techie you cant see the opportunity here.

Title: Re: Money Sense
Post by: DKG on December 06, 2022, 06:36:49 AM

Stocks were mostly lower in Asia on Tuesday after Wall Street pulled back as surprisingly strong economic reports highlighted the difficulty of the Federal Reserve's fight against inflation.

Adding to worries over the potential for recession, Fitch Ratings revised its forecasts for world economic growth downward on Tuesday to reflect the Fed and other central banks' interest rate hikes.

Its Global Economic Outlook report estimated global growth at 1.4% in 2023, revised down from 1.7% in its September forecast. It put U.S. growth in 2023 at 0.2%, down from 0.5%, as the pace of monetary policy tightening increases.

China's growth forecast was cut to a 4.1% annual pace from 4.5%.

Markets have been lifted by expectations China will press ahead with easing its stringent pandemic restrictions, relieving pressures on trade, manufacturing and consumer spending.

But investors are also eyeing the Fed, hoping it might slow the pace of interest rate hikes aimed at curbing stubbornly high inflation.

Title: Re: Money Sense
Post by: DKG on December 07, 2022, 07:07:09 AM

The expectation is the Fed will raise rates, probably about 5% given incoming data, and they will have to stay at this restrictive level for a period to come.

Traders are largely expecting a half-point interest rate hike at the December 13-14 Fed meeting, according to CME's FedWatch tool, which would bring the target rate to the 4.25% to 4.50% range.

Early next year, additional increases are seen that would bring the fed funds rate at or just above 5%.

Title: Re: Money Sense
Post by: DKG on December 09, 2022, 07:03:23 AM

The market's expectation is that the Federal Reserve will keep lifting its policy interest rate until it brings it to 5%, before pausing for some time. But it's possible that the Fed could decide that 5% is not nearly enough. That would be the case if the U.S. economy continues growing at a solid clip and inflation doesn't substantially cool off. That would be devastating for economic growth and of course the markets. Fingers crossed, that will not happen.

Title: Re: Money Sense
Post by: Breakfall on December 09, 2022, 07:10:15 AM

~~Quote from: DKG post_id=486895 time=1670587403 user_id=3390~~
The market's expectation is that the Federal Reserve will keep lifting its policy interest rate until it brings it to 5%, before pausing for some time. But it's possible that the Fed could decide that 5% is not nearly enough. That would be the case if the U.S. economy continues growing at a solid clip and inflation doesn't substantially cool off. That would be devastating for economic growth and of course the markets. Fingers crossed, that will not happen.

Excellent news sir! Now wipe that spot of semen from the side of your face! Ahahahahahahaaa.... prat!

Title: Re: Money Sense
Post by: DKG on December 10, 2022, 06:45:52 AM

Millions of Americans could face a "refund shock" when they file their taxes next year because a number of pandemic-related programs are set to expire or have expired, said an analyst.

Data from the Internal Revenue Service (IRS) shows that the average refund taxpayers got back for their 2021 taxes was about $3,200, or some around 14 percent higher than the previous year. The next refunds will average about $2,700, said Mark Steber, chief tax information officer at Jackson Hewitt.

The 2021 tax year "was quite a remarkable year with the insertion of all those new tax breaks," Steber told CBS News this week. "But jump ahead to this year, and a lot of the increases expired, hence the term 'refund shock' or 'refund surprise.'"

Due to the expiration of some programs, "You're probably going to have not as pleasant an experience as you had last year," he noted. "There were larger, enhanced tax credits available last year that aren't available this year," Steber also remarked.

For example, the child tax credit is one benefit that will shrink when parents file their 2022 taxes. Normally, parents get about $2,000 for each of their children, but in 2021, the benefit increased to $3,600 for every child under 6 and $3,000 for minor children aged 6 and older.

Also, the Child and Dependent Care Credit that parents can use to pay for child care was boosted under the Biden administration-backed American Rescue Plan. That raised the credit up to $8,000 per family in 2021, or more than in previous years.

The IRS has already issued notices about potentially smaller tax refunds, noting in November that "taxpayers will not receive an additional stimulus payment with a 2023 tax refund because there were no economic impact payments for 2022."

Additionally, the agency said, it will be more difficult to claim a deduction for charitable on a 2022 tax return.

"The IRS cautions taxpayers not to rely on receiving a 2022 federal tax refund by a certain date, especially when making major purchases or paying bills," the agency said last month. "Some returns may require additional review and may take longer."

https://www.theepochtimes.com/americans-might-be-in-for-a-tax-refund-shock-next-year-analyst_4914890.html?utm_source=morningbriefnoe-ai&src_src=morningbriefnoe-ai&utm_medium=email&utm_campaign=mb-2022-12-10-ai-28&src_cmp=mb-2022-12-10-ai-28&est=Mzbi0Yp9wvxvjurNZTwMRNiYHqcYanGt%2B0CIeIpwWjhrRgLzxSLuR482teYMAtx2cg%3D%3D

The pandemic party is over. The bills are due.

Title: Re: Money Sense
Post by: JOE on December 12, 2022, 12:46:53 AM

Dr. Nouriel Roubini who predicted the 2008 crisis believes a recession us around the corner and believes stocks could drop 15 to 25%:

https://fortune-com.cdn.ampproject.org/v/s/fortune.com/2022/12/07/how-bad-recession-economist-dr-doom-nouriel-roubini-stock-market-forecast/amp/?amp_js_v=a6&amp_gsa=1&usqp=mq331AQIKAGwASCAAgM%3D#aoh=16705985112241&csi=0&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Ffortune.com%2F2022%2F12%2F07%2Fhow-bad-recession-economist-dr-doom-nouriel-roubini-stock-market-forecast%2F

Title: Re: Money Sense
Post by: JOE on December 12, 2022, 12:54:04 AM

Roubini's complete oped here on why he thinks a crash is inevitable:

https://www.project-syndicate.org/commentary/stagflationary-economic-financial-and-debt-crisis-by-nouriel-roubini-2022-12

Title: Re: Money Sense
Post by: Herman on December 12, 2022, 05:48:18 AM

What happens after a crash Joe?

Title: Re: Money Sense
Post by: DKG on December 14, 2022, 12:48:31 PM

US inflation fell again last month to its lowest level since the end of 2021 in another sign this year's price surge in the world's biggest economy has passed its peak, official figures out today reveal.

Consumer prices climbed 7.1 per cent over the last year to November across the pond, down from a rate of 7.7 per cent in October, according to the US Labor Department.

Last month's drop was faster than Wall Street expected. The S&P 500, Nasdaq and Dow Jones indexes shot higher on the news.

Title: Re: Money Sense
Post by: DKG on December 16, 2022, 10:48:41 AM

The Federal Reserve's signal that its main policy rate will likely peak above 5% and stay there for a while was getting the blame for Thursday's painful stock-market rout.

The S&P 500 index fell 2.5%, posting its worst daily drop in two months, with losses in its rate-sensitive communication services and information technology sectors leading the way lower. Those sectors skid 3.8%.

Technology shares have been hit particularly hard by the Fed's dramatic pace of rate increases this year, a tough medicine that many stock-market investors hoped wouldn't be needed too much longer with some recent easing on the inflation front.

Hence, the selloff. The Fed will not lose this battle on inflation.

Title: Re: Money Sense
Post by: Rancidmilko on December 16, 2022, 10:51:23 AM

I'm under the impression that they're delaying the crash and possible reset as much as possible, to allow all the debt and financial burden to get as big as it can get.

Title: Re: Money Sense
Post by: JOE on December 17, 2022, 11:43:18 AM

~~Quote from: DKG post_id=488053 time=1671205721 user_id=3390~~
The Federal Reserve's signal that its main policy rate will likely peak above 5% and stay there for a while was getting the blame for Thursday's painful stock-market rout.

The S&P 500 index fell 2.5%, posting its worst daily drop in two months, with losses in its rate-sensitive communication services and information technology sectors leading the way lower. Those sectors skid 3.8%.

Technology shares have been hit particularly hard by the Fed's dramatic pace of rate increases this year, a tough medicine that many stock-market investors hoped wouldn't be needed too much longer with some recent easing on the inflation front.

Hence, the selloff. The Fed will not lose this battle on inflation.

I don't wanna to rain on your parade, DKG but I heard yesterday from someone high up in the business world that 2023 will be a difficult year. Guy has his post grad degree in economics from Oxford & has worked for the leading brokerage houses in the world.

Governments will likely tighten their belts & there will probably be an economic slowdown. Layoffs have already begun this year but more will come in the new year as businesses prefer to stall the bad news for many until after Christmas.

Anyways here's a summary by Fortune Magazine which is in line with what the business executive told me:

https://fortune-com.cdn.ampproject.org/v/s/fortune.com/2022/12/16/wall-street-thinks-fed-let-us-economy-fall-recession-to-stop-inflation/amp/?amp_js_v=a6&amp_gsa=1&usqp=mq331AQIKAGwASCAAgM%3D#aoh=16712566711195&csi=0&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Ffortune.com%2F2022%2F12%2F16%2Fwall-street-thinks-fed-let-us-economy-fall-recession-to-stop-inflation%2F

At best the stock market will continue to go sideways if it doesnt dip.

Given these factors there probably wont be an election in Canada this year or 2024 as the Liberal government will try to ride out what even they have publicly forecast as a difficult year in 2023.

Title: Re: Money Sense
Post by: JOE on December 17, 2022, 11:46:22 AM

Given what you've related about technology stocks might be a good time to buy a new pc, phone/tablets or software as many companies might slash prices/offer deals to stay afloat.

Title: Re: Money Sense
Post by: TheProwler on December 17, 2022, 03:19:33 PM

~~Quote from: JOE post_id=488149 time=1671295398 user_id=97~~
I heard yesterday from someone high up in the business world

Senile Joe thinks the bank teller who cashes his disability cheque is "high up in the business world".

Title: Re: Money Sense
Post by: Herman on December 17, 2022, 07:50:41 PM

~~Quote from: TheProwler post_id=488166 time=1671308373 user_id=3379~~
~~Quote from: JOE post_id=488149 time=1671295398 user_id=97~~
I heard yesterday from someone high up in the business world

Senile Joe thinks the bank teller who cashes his disability cheque is "high up in the business world".

He doesn't read this thread. The Seoul bother has said 2023 will be a hard year as the effects of high interest rates are felt. We knew that anyway.

Joe is a forum killer. Every forum he posts on becomes dead.

Title: Re: Money Sense
Post by: JOE on December 18, 2022, 05:32:46 AM

~~Quote from: Herman post_id=488174 time=1671324641 user_id=3396~~
~~Quote from: TheProwler post_id=488166 time=1671308373 user_id=3379~~

Senile Joe thinks the bank teller who cashes his disability cheque is "high up in the business world".
The Seoul bother has said 2023 will be a hard year as the effects of high interest rates are felt. We knew that anyway.

...probably longer than that, Herm.

This guy says at least 18 months, eh?

https://youtu.be/yj_nLWlYLzA

...In the meantime stocks could get hammered.

Sorry ta ruin yer day, Herm.

Title: Re: Money Sense
Post by: DKG on December 18, 2022, 12:33:01 PM

~~Quote from: TheProwler post_id=488166 time=1671308373 user_id=3379~~
~~Quote from: JOE post_id=488149 time=1671295398 user_id=97~~
I heard yesterday from someone high up in the business world

Senile Joe thinks the bank teller who cashes his disability cheque is "high up in the business world".

You mean his old age security cheque. :laugh3:

Title: Re: Money Sense
Post by: DKG on December 18, 2022, 12:37:01 PM

~~Quote from: Herman post_id=488174 time=1671324641 user_id=3396~~
~~Quote from: TheProwler post_id=488166 time=1671308373 user_id=3379~~

Senile Joe thinks the bank teller who cashes his disability cheque is "high up in the business world".

He doesn't read this thread. The Seoul bother has said 2023 will be a hard year as the effects of high interest rates are felt. We knew that anyway.

Joe is a forum killer. Every forum he posts on becomes dead.

2023 will not be a good year.

Title: Re: Money Sense
Post by: JOE on December 19, 2022, 06:15:48 PM

~~Quote from: Herman post_id=487351 time=1670842098 user_id=3396~~
What happens after a crash Joe?

Hey Herm, I don't pretend to be an expert at this.

But I try to find credible sources which might provide some truthful answers.

Ie - an article from a conservative pro-business Forbes Magazine:

https://www.forbes.com/sites/kristinmckenna/2020/04/03/what-happens-to-the-stock-market-after-a-recession/?sh=22eb9aa92afb

What Happens To The Stock Market After A Recession?

Kristin McKennaSenior Contributor

Managing Director at Darrow Wealth Management in Boston, MA

~~Quote~~Let's face it, this is uncharted territory—in modern history we've never had to contend with anything like the COVID-19 outbreak and the global economic shutdown that has followed. Regardless, here we are: trying to hold the economy in suspended animation until we get the all clear to go back to old-normal life. It's still too early to officially declare a recession though it seems like more of a formality at this point. So what can we expect from the stock market after this crisis is over and we can go outside again? What might the recovery look like?

Although the current situation is unprecedented, bear markets and recessions are not. Yes, this one is different, but to be fair the ones before it were too. And they all have one thing in common: they eventually end.

Ready to quarantine the losses

According to Dimensional, in the one, three, and five years following a correction up to a bear market (20% decline from recent highs), the stock market has averaged an annualized return of nearly 10% across all time periods.

Here's a chart showing how long bear markets have lasted over the past 100 years:

(//%3C/s%3E%3CURL%20url=%22https://specials-images.forbesimg.com/imageserve/5e8680318f890100061930ae/960x0.jpg?fit=scale%22%3E%3CLINK_TEXT%20text=%22https://specials-images.forbesimg.com/i%20...%20?fit=scale%22%3Ehttps://specials-images.forbesimg.com/imageserve/5e8680318f890100061930ae/960x0.jpg?fit=scale%3C/LINK_TEXT%3E%3C/URL%3E%3Ce%3E)

according them , there have been 8 bear markets over the past 100 years.

They range in length anywhere from 3 months to 34 months.

So, add them up:

34 + 6 + 6 + 19 + 21 + 3 + 25 + 16/8 = 16.25 months

So the average bear market in the past has lasted around 16 months.

so...provided the information we are receiving from official sources is correct and the bear market has started or a couple months back, maybe the bear market might end as soon as 2023, but possibly extend into early 2024?

I suspect if they have a bear market now, they'll prime pump the US economy in time for the 2024 election year. Just about every US presidential administration has done this in the past, so the Democrats will do it too.

So maybe near end of 2023 or early 2024 things will pick up again provided the economy is already in a recession?

Title: Re: Money Sense
Post by: Herman on December 19, 2022, 07:59:17 PM

What are you doing Joe, besides wrecking another forum and another discussion. VF looks pretty dead. Why don't you go make it even quieter and look for attention there like you do here.

Title: Re: Money Sense
Post by: DKG on December 20, 2022, 10:18:33 AM

Stocks could be hit next year by the worst earnings recession since 2008. There could be an earnings recession that could be as big of a surprise to the market as it was in 2008. An earnings recession is likely not priced into the market yet. Another downside is coming. It all comes back to central bankers destructive high interest rate policy.

Title: Re: Money Sense
Post by: JOE on December 20, 2022, 01:52:54 PM

~~Quote from: DKG post_id=488335 time=1671549513 user_id=3390~~
Stocks could be hit next year by the worst earnings recession since 2008. There could be an earnings recession that could be as big of a surprise to the market as it was in 2008. An earnings recession is likely not priced into the market yet. Another downside is coming. It all comes back to central bankers destructive high interest rate policy.

That's interesting DKG.

If this is the case when do you think it will hit bottom? In the 2008 recession the bottom wasnt reached until late 2009:

(//%3C/s%3E%3CURL%20url=%22https://www.cbpp.org/sites/default/files/styles/report_580_high_dpi/public/atoms/files/6-6-19budf1.png?itok=XgpYU0CF%22%3E%3CLINK_TEXT%20text=%22https://www.cbpp.org/sites/default/file%20...%20k=XgpYU0CF%22%3Ehttps://www.cbpp.org/sites/default/files/styles/report_580_high_dpi/public/atoms/files/6-6-19budf1.png?itok=XgpYU0CF%3C/LINK_TEXT%3E%3C/URL%3E%3Ce%3E)

(//%3C/s%3E%3CURL%20url=%22https://moneymorning.com/wp-content/blogs.dir/1/files/2020/03/DJIA-Index-MM-Chart-1.png%22%3E%3CLINK_TEXT%20text=%22https://moneymorning.com/wp-content/blo%20...%20hart-1.png%22%3Ehttps://moneymorning.com/wp-content/blogs.dir/1/files/2020/03/DJIA-Index-MM-Chart-1.png%3C/LINK_TEXT%3E%3C/URL%3E%3Ce%3E)

https://www.simple-stock-trading.com/stock-market-crash-chart-provides-valuable-lessons-for-beginner-stock-market-investing/

This chart conforms to DKG's warning about 'an earnings recession'.

(//%3C/s%3E%3CURL%20url=%22https://www.simple-stock-trading.com/wp-content/uploads/2015/06/stock_market_crash_chart_SP500_2008.png%22%3E%3CLINK_TEXT%20text=%22https://www.simple-stock-trading.com/wp%20...%200_2008.png%22%3Ehttps://www.simple-stock-trading.com/wp-content/uploads/2015/06/stock_market_crash_chart_SP500_2008.png%3C/LINK_TEXT%3E%3C/URL%3E%3Ce%3E)

I guess they keep telling us about a coming recession cuz its a warning that the US Fed isnt gonna prop up the markets or people like crypto investors anymore.

Title: Re: Money Sense
Post by: Herman on December 20, 2022, 02:47:00 PM

~~Quote from: DKG post_id=488335 time=1671549513 user_id=3390~~
Stocks could be hit next year by the worst earnings recession since 2008. There could be an earnings recession that could be as big of a surprise to the market as it was in 2008. An earnings recession is likely not priced into the market yet. Another downside is coming. It all comes back to central bankers destructive high interest rate policy.

The bastards are deliberately taking money out of the pockets of retired folks. You do not have to be an investment pro like you to know high interest rates mean lower earnings which means lower returns on our savings. Fuck the Fed.

Title: Re: Money Sense
Post by: DKG on December 21, 2022, 10:13:25 AM

~~Quote from: Herman post_id=488367 time=1671565620 user_id=3396~~
~~Quote from: DKG post_id=488335 time=1671549513 user_id=3390~~
Stocks could be hit next year by the worst earnings recession since 2008. There could be an earnings recession that could be as big of a surprise to the market as it was in 2008. An earnings recession is likely not priced into the market yet. Another downside is coming. It all comes back to central bankers destructive high interest rate policy.

The bastards are deliberately taking money out of the pockets of retired folks. You do not have to be an investment pro like you to know high interest rates mean lower earnings which means lower returns on our savings. Fuck the Fed.

In bear markets, stocks don't typically fall in a straight line. The result of Biden's inflationary policies during the pandemic and the Fed's response will be fading economic growth and corporate earnings.

Title: Re: Money Sense
Post by: DKG on December 22, 2022, 11:56:19 AM

Wall Street's stock-market forecasts for 2022 were off by the widest margin since 2008. A year ago, equity analysts were penciling in the S&P 500 finishing 2022 at 5,264.51, according to FactSet data. That's turned out to be way off base: the large-cap index was trading just north of 3,800 as of Tuesday's close.

This year, however, Wall Street's top strategists have been more cautious, spending much of the time slashing their year-end stock-market targets as the Federal Reserve kept raising rates to fight stubbornly high inflation and causing volatility across markets, including stocks, bonds, currencies and commodities, to explode.

Stocks are likely to bottom in the first half of 2023 as the Fed's aggressive interest-rate hikes finally take their toll on the economy.

Title: Re: Money Sense
Post by: DKG on December 26, 2022, 06:34:47 PM

A new bull market for stocks won't commence until the Fed stops hiking interest rates. Additionally, investors need to have confidence in earnings expectations heading into a potential recession. It is hard to imagine volatility declining until we get clarity on Fed policy and corporate earnings power.

Title: Re: Money Sense
Post by: JOE on December 27, 2022, 12:02:31 AM

One analysis which points to further possible declines in 2023:

https://youtu.be/BlJRpT_Gh4g

Title: Re: Money Sense
Post by: Herman on December 27, 2022, 12:12:33 AM

~~Quote from: DKG post_id=489097 time=1672097687 user_id=3390~~
A new bull market for stocks won't commence until the Fed stops hiking interest rates. Additionally, investors need to have confidence in earnings expectations heading into a potential recession. It is hard to imagine volatility declining until we get clarity on Fed policy and corporate earnings power.

That makes sense. High interest rates are bad for everybody's bottom line.

Title: Re: Money Sense
Post by: DKG on January 03, 2023, 10:18:02 AM

The IMF is predicting one third of countries will be in recession in 2023. The key reasons are the ongoing restrictions in China, high interest rate policies implemented by central banks and the US paying for war in Eastern Europe. Other factors that have put the global economy on shaky ground was developed economies printed too much money.

Title: Re: Money Sense
Post by: DKG on January 03, 2023, 03:16:04 PM

Big Tech companies need to rip the Band-Aid off in terms of layoffs like Twitter did or it will threaten the macroeconomic picture for 2023.

Title: Re: Money Sense
Post by: JOE on January 03, 2023, 04:07:02 PM

~~Quote from: DKG post_id=489998 time=1672776964 user_id=3390~~
Big Tech companies need to rip the Band-Aid off in terms of layoffs like Twitter did or it will threaten the macroeconomic picture for 2023.

So are you suggesting that the BIG Tech companies should start hugeswaves of employee layoff/firingss now rather than later, DKG?

Not suggesting this right nor wrong, just wondering.

Title: Re: Money Sense
Post by: Herman on January 03, 2023, 08:10:25 PM

~~Quote from: DKG post_id=489998 time=1672776964 user_id=3390~~
Big Tech companies need to rip the Band-Aid off in terms of layoffs like Twitter did or it will threaten the macroeconomic picture for 2023.

A bunch of overpaid entitled brats anyway. Their companies get special treatment from national governments.

Title: Re: Money Sense
Post by: JOE on January 03, 2023, 08:15:44 PM

Tech's gonna go down even more in 2023.

The powers that be will try to limit the pain to that sector and crypto because its workers are mostly young. But they'll be more inclined to protect other sectors than tech.

So tech will continue to take the biggest hits of all.

One net benefit for the consumer tho. They should see a lot more deals crop up in 2023 as it will become a buyers market for hitech goods.

Title: Re: Money Sense
Post by: Herman on January 03, 2023, 08:17:53 PM

Ya, ya, whatever Joe.

Title: Re: Money Sense
Post by: DKG on January 05, 2023, 10:34:38 AM

U.S. stocks fell at the open on Thursday as investors responded to more data showing the U.S. labor market remained resilient in December despite the Federal Reserve's interest-rate hikes.

ADP private payrolls data showed 235,000 jobs were created in December, beating expectations for 153,000 new jobs, according to economists polled by The Wall Street Journal. The data also showed large increases in workers' pay.

Initial jobless benefit claims also declined last week to 204,000, the lowest level since September. Data on job openings released Wednesday showed more than 10 million job openings in the U.S., another sign that the labor market remains unperturbed despite the Fed's rate hikes and layoffs by financial and technology firms.

On Friday, investors will receive the monthly nonfarm payrolls report for December from the U.S. Labor Department.

Interest rates have to fall before markets can recover and unfortunately the Fed will not do that with a relatively buoyant job market.

Title: Re: Money Sense
Post by: DKG on January 06, 2023, 12:23:15 PM

US hiring slowed modestly in December as employers added 223,000 jobs to close out an otherwise booming year, possibly foreshadowing the deeper pullback and recession that many economists expect in 2023. All the major indices are up sharply this morning due to that report.

"We think substantially slower payroll growth is coming very soon," Ian Shepherdson, chief economist of Pantheon Macroeconomics, wrote in a note to clients.

Title: Re: Money Sense
Post by: DKG on January 12, 2023, 08:35:01 AM

"Today there is spare capacity that is extremely low," Saudi Aramco CEO Amin Nasser said at a recent conference in London. "If China opens up, [the] economy starts improving or the aviation industry starts asking for more jet fuel, you will erode this spare capacity."

Nasser warns that oil prices could quickly spike — again.

Shell

The company's NYSE-listed shares are up 23% over the last year. Piper Sandler analyst Ryan Todd sees an opportunity in the oil and gas supermajor. In December, the analyst reiterated an 'overweight' rating on Shell at a price target of $70.

Considering that Shell trades at around $57 per share today, Todd's new price target implies a potential upside of 22%.

Chevron

For Q3, the company reported earnings of $11.2 billion, which represented an 84% increase from the same period last year. Sales and other operating revenues totaled $64 billion for the quarter, up 49% year over year.

Exxon Mobil

Commanding a market cap of over $430 billion, Exxon Mobil (NYSE:XOM) is bigger than Shell and Chevron.

The company also boasts the strongest stock price performance among the three in 2022 — Exxon shares are up 59.61% over the last year.

It's not hard to see why investors like the stock: the oil-producing giant gushes profits and cash flow in this commodity price environment. In the first nine months of 2022, Exxon earned $43.0 billion in profits, a huge increase from the $14.2 billion in the year-ago period. Free cash flow totaled $49.8 billion for the first nine months, compared to $22.9 billion in the same period last year.

Solid financials allow the company to return cash to investors. Exxon pays quarterly dividends of 91 cents per share, translating to an annual yield of 3.4%.

Jefferies analyst Lloyd Byrne has a 'buy' rating on Exxon and a price target of $133 — around 22% above where the stock sits today.

Title: Re: Money Sense
Post by: DKG on January 19, 2023, 07:40:53 AM

The cost-of-living adjustment, or COLA, for Social Security payments increased by 8.7 percent for 2023. That's because of decades-high inflation that endured for most of last year.

Title: Re: Money Sense
Post by: weebles on January 19, 2023, 11:11:59 AM

All I hear is people complain about money and wealth but yet no ever says if you had it all... would you be truly happy?

https://www.youtube.com/watch?v=JI5noh4OyXc

The odd part is even if you had unlimited wealth with a successful family and great friends does it even mean anything?

You go to sleep Alone, You were born alone and you will die alone and for what?

Title: Re: Money Sense
Post by: Anonymous on January 19, 2023, 11:46:01 AM

Personal fulfilment of course.

Title: Re: Money Sense
Post by: Thiel on January 20, 2023, 09:37:31 PM

Google, Microsoft, Amazon, Coinbase. and Vox Media have all slashed thousands of jobs in a move to improve their bottom line. Tech has been overvalued for too long. This will stabilize those companies.

Title: Re: Money Sense
Post by: DKG on January 21, 2023, 08:04:13 AM

The reopening of China's economy could have a deleterious effect on global markets, and inflation. This will put renewed pressure on oil prices, which dropped nearly 40% from their 2022 peak. This will put pressure on central banks to maintain a tight credit policy pushing earnings and markets down and deepening a global slowdown.

Title: Re: Money Sense
Post by: DKG on January 30, 2023, 02:39:23 PM

The Federal Reserve is poised this week to raise its benchmark interest rate for an eighth time since March. But the Fed will likely announce a smaller hike for a second straight time, and it could change some key wording in its post-meeting statement about future rate increases.

A change in its statement, if there is one, could be seen as signaling an eventual pause in the Fed's aggressive drive to raise borrowing costs. Chair Jerome Powell is still likely to stress, though, that the Fed's campaign to conquer high inflation is far from over.

When its latest meeting ends Wednesday, the 19-member policymaking committee is expected to raise its key short-term rate, which affects many business and consumer loans, by a quarter-point. In doing so, it would elevate the rate to a range of 4.5% to 4.75%, its highest level in 15 years. The Fed's move would follow a half-point rate hike in December and four three-quarter point hikes before that.

Title: Re: Money Sense
Post by: Lokmar on February 02, 2023, 12:42:57 AM

RV market's been in the shitter for more than a month now. Its the canary in the coal mine. Mark my words.

Title: Re: Money Sense
Post by: DKG on February 02, 2023, 07:43:35 AM

~~Quote from: Lokmar post_id=493291 time=1675316577 user_id=3351~~
RV market's been in the shitter for more than a month now. Its the canary in the coal mine. Mark my words.

Luxury leisure goods sales are a bellweather of the overall economy.

Title: Re: Money Sense
Post by: Lokmar on February 02, 2023, 10:23:21 AM

~~Quote from: DKG post_id=493298 time=1675341815 user_id=3390~~
~~Quote from: Lokmar post_id=493291 time=1675316577 user_id=3351~~
RV market's been in the shitter for more than a month now. Its the canary in the coal mine. Mark my words.

Luxury leisure goods sales are a bellweather of the overall economy.

Yep. Also, I learned recently that one of the largest companies in the country is going to curtail upgrading their field equipment by as much as 70% because of inflationary pressure. Transitory my ass!

Title: Re: Money Sense
Post by: DKG on February 03, 2023, 07:22:08 AM

~~Quote from: Lokmar post_id=493306 time=1675351401 user_id=3351~~
~~Quote from: DKG post_id=493298 time=1675341815 user_id=3390~~

Luxury leisure goods sales are a bellweather of the overall economy.

Yep. Also, I learned recently that one of the largest companies in the country is going to curtail upgrading their field equipment by as much as 70% because of inflationary pressure. Transitory my ass!

I haven't read that. Which company?

Title: Re: Money Sense
Post by: Frood on February 03, 2023, 07:34:48 AM

Probably agricultural equipment where it's cheaper to buy new in North America instead of spending more for used equipment with hundreds of hours on the clock.

My boss told me how he paid for his skid steel's mulching head...

73k AUD... so like 50 grand US for a small weld thing with hydraulics.

Title: Re: Money Sense
Post by: DKG on February 04, 2023, 07:38:20 AM

Investors hoping for a continuation of the stock market rally that began in mid-October are in for a rude awakening, according to Bank of America.

The bank said that the stock market is set to peak in the next two-weeks because inflation is poised to make a comeback.

Let's hope they are dead wrong.

Title: Re: Money Sense
Post by: Lokmar on February 05, 2023, 02:21:52 PM

~~Quote from: DKG post_id=493341 time=1675426928 user_id=3390~~
~~Quote from: Lokmar post_id=493306 time=1675351401 user_id=3351~~

Yep. Also, I learned recently that one of the largest companies in the country is going to curtail upgrading their field equipment by as much as 70% because of inflationary pressure. Transitory my ass!

I haven't read that. Which company?

I cant divulge. They are very similar to Comcast.

Title: Re: Money Sense
Post by: DKG on February 14, 2023, 11:01:58 AM

U.S. stocks are moving back and forth in volatile trading this morning as Wall Street weighed the implications of hotter-than-expected January inflation data on the path forward for interest rates.

The January Consumer Price Index (CPI) released by the Bureau of Labor Statistics Tuesday morning showed prices rose 0.5% in the first month of the year, and 6.4% on an annual basis, more than economists expected.

Core CPI, which strips out the volatile food and energy components of the report, climbed 0.4% over the prior month and 5.6% year-over-year, also higher than forecast.

Bloomberg consensus estimates called for a 6.2% rise in CPI over the year and jump 0.5% month-over-month. New seasonal adjustments released by the BLS on Friday also switched December's initial reading of a 0.1% monthly drop in headline inflation to an increase of 0.1% in the year's final month. Forecasts called for a 5.5% annual increase and 0.4% monthly rise in the core CPI reading.

Title: Re: Money Sense
Post by: DKG on February 16, 2023, 09:00:44 AM

The U.S. risks defaulting on its debts as early as July unless the borrowing limit is raised, the nonpartisan Congressional Budget Office said in a report on Wednesday.

The federal government on Jan. 19 reached its approximately $31.4 trillion debt ceiling -- which legally caps how much the U.S. can borrow to pay for what tax and other revenue doesn't cover -- and the Treasury Department has since been using "extraordinary measures" along with its current cash flow to keep the government's obligations paid.

The U.S. budget deficit is on track to surge over the coming decade, the Congressional Budget Office said Wednesday, with cumulative deficits of $18.8 trillion — nearly 20% higher than the agency projected last May.

Title: Re: Money Sense
Post by: DKG on February 21, 2023, 09:51:11 AM

Despite the aggressive interest-rate hike campaign, inflation remains uncomfortably hot: The Labor Department reported last week that the consumer price index rose 0.5% in January, the most in three months. The annual inflation rate also surprised to the upside at 6.4%, underscoring the stickiness of high consumer prices that have broadened throughout the economy.

That raises the risk that the Fed hikes interest rates much higher than previously forecast — and keeps them elevated for longer.

Title: Re: Money Sense
Post by: DKG on February 21, 2023, 12:51:22 PM

Wall Street's main stock indexes fell more than 1% on Tuesday as gloomy forecasts from retailers Home Depot and Walmart added to worries that a sharp rise in interest rates and high inflation were taking a toll on the US economy.

In morning trading, the Dow tumbled 488 points, or 1.4%, at 33,338, the Nasdaq slid 1.8% and the S&P 500 was down 1.5%.

Home Depot fell 5.4% to a three-month low after the No. 1 domestic home improvement chain warned of weakening demand and issued a dour profit forecast for 2023.

Smaller rival Lowe's fell 4.8% ahead of its results next week.

Walmart, the world's largest retailer, shed 0.2% after it forecast full-year earnings below estimates and painted a grim picture of hotter-than-expected food inflation squeezing profit margins.

"Walmart is a bellwether for how the consumer is doing and the fact is that they envision that the consumer may be getting to that point of having to pull back," said Art Hogan, chief market strategist at B Riley Wealth.

Title: Re: Money Sense
Post by: DKG on February 24, 2023, 11:19:10 AM

The Federal Reserve's preferred inflation gauge rose last month at its fastest pace since June, an alarming sign that price pressures remain entrenched in the U.S. economy and could lead the Fed to keep raising interest rates well into this year.

Friday's report from the Commerce Department showed that consumer prices rose 0.6% from December to January, up sharply from a 0.2% increase from November to December. On a year-over-year basis, prices rose 5.4%, up from a 5.3% annual increase in December.

Title: Re: Money Sense
Post by: DKG on February 25, 2023, 10:54:11 AM

The next bull market in stocks won't happen until the Federal Reserve cuts interest rates to bail out the US government, according to Bank of America. BofA said that high rates will result in a staggering increase in interest payments on America's $31 trillion debt.

The bank said US government debt is expected to soar by more than $21 trillion over the next 10 years.

Title: Re: Money Sense
Post by: Anonymous on March 02, 2023, 01:55:10 PM

~~Quote from: DKG post_id=494917 time=1677340451 user_id=3390~~
The next bull market in stocks won't happen until the Federal Reserve cuts interest rates to bail out the US government, according to Bank of America. BofA said that high rates will result in a staggering increase in interest payments on America's $31 trillion debt.

The bank said US government debt is expected to soar by more than $21 trillion over the next 10 years.

With high and increasing debt levels doesn't that just translate into higher interest rates due to more inflation DKG?

If the national debt continues to increase at its current rate the only ways to lower interest rates is through excessive belt tightening and a period where interest rates more than double

Or else there could be a big reset to start over again which would likely usher in a huge recession and a lot of economic pain

Title: Re: Money Sense
Post by: DKG on March 04, 2023, 07:58:21 AM

The leading indicators are in negative territory except for unemployment. It seems the bullish confidence in America's economy may take another hit after analysts warned the Fed could hike rates up to 5.5% –despite the fact they're already sitting at a 16-year high. What this means is that the coming recession caused by reckless government spending throughout G20 countries combined with sustained increases in interest rates will be deeper and longer.

Title: Re: Money Sense
Post by: Anonymous on March 04, 2023, 02:34:51 PM

This recent article from Forbes magazine forecasts a recession in late 2023 or by early 2024:

https://www.forbes.com/sites/billconerly/2022/11/01/the-recession-will-begin-late-2023-or-early-2024/?sh=f71f4b31add8

Title: Re: Money Sense
Post by: Anonymous on March 04, 2023, 02:52:36 PM

https://youtu.be/1duObaDFj_U

Inversion of 2 yr & 10 yr yield may ba strong indicator of a coming recession

Title: Re: Money Sense
Post by: Lokmar on March 07, 2023, 11:33:34 AM

The ONLY reason it doesnt feel like a recession right now is because people are starving for replacement goods. You STILL cant get a fucking car in a reasonable time. Other durable goods are starting to pile up though. By Q3, most of the needs will be satiated. Thats when the SHTF.

Title: Re: Money Sense
Post by: Herman on March 07, 2023, 08:27:28 PM

~~Quote from: Lokmar post_id=495300 time=1678206814 user_id=3351~~
The ONLY reason it doesnt feel like a recession right now is because people are starving for replacement goods. You STILL cant get a fucking car in a reasonable time. Other durable goods are starting to pile up though. By Q3, most of the needs will be satiated. Thats when the SHTF.

The markets tanked today after the Powell said bigger rate increases are coming. Jesus H, those central banker folks are crazy.

Title: Re: Money Sense
Post by: DKG on March 08, 2023, 10:44:43 AM

The Central Bank of Canada has announced a pause in interest rate hikes while the Fed has said more interest rate hikes are imminent and will be higher than previously expected. The result of this has been the CDN dollar is dropping and the markets took a huge plunge yesterday. The foolishness of interest rate hikes continues.

Title: Re: Money Sense
Post by: DKG on March 08, 2023, 02:06:27 PM

Expect food inflation to get worse in Canada at Canada left interest rates alone while the US moves in the other direction. The CDN dollar is being pushed downward making food imports more expensive.

Title: Re: Money Sense
Post by: Thiel on March 08, 2023, 10:13:51 PM

The Fed had four consecutive jumbo sized 75-basis-point hikes. The smart money is on the Fed hiking interest rates a half percentage point at their next meeting March 21 and 22.

Title: Re: Money Sense
Post by: DKG on March 09, 2023, 10:45:12 AM

~~Quote from: Thiel post_id=495393 time=1678331631 user_id=1688~~
The Fed had four consecutive jumbo sized 75-basis-point hikes. The smart money is on the Fed hiking interest rates a half percentage point at their next meeting March 21 and 22.

In addition to this the jobs numbers for February come out today. Anthing above three hundred thousand new jobs last month will mean a higher than expected interest rate hike.

Title: Re: Money Sense
Post by: DKG on March 10, 2023, 10:42:31 AM

Major stock indexes fell on Thursday as shares of banks across the US collapsed following a stark warning from one of Silicon Valley's biggest lenders, which said it hopes to raise billions of dollars to help shore up cash during the challenging economy—adding to industry concerns stoked by the collapse of crypto bank Silvergate and the threat of rising interest rates.

Though it surged in early trading, the Dow Jones industrial average fell 543 points, or 1.7%, to less than 32,255 on Thursday, as the S&P 500 and tech-heavy Nasdaq shed 1.8% and 2.1%, respectively.

Dragging down sentiment throughout the day, Silicon Valley-based startup lender SVB Financial said it sold $21 billion of its securities portfolio and hopes to raise nearly $2.3 billion to help bolster its financial position amid a "very challenging" market and interest rate environment that has led to lower customer deposits—an announcement that pushed shares down a staggering 60%.

Title: Re: Money Sense
Post by: DKG on March 11, 2023, 03:01:26 PM

U.S. stocks got smoked on Friday after a crucial jobs report came in warmer than expected and jitters over the stunning failure of Silicon Valley Bank (SIVB) rattled investors.

The S&P 500 (^GSPC) plunged 1.4%, while the Dow Jones Industrial Average (^DJI) declined by 1.1%. Contracts with the technology-heavy Nasdaq Composite (^IXIC) slid by 1.8%. The plunges Friday added to a brutal week for Wall Street. All three indexes had their worst weeks since at least November.

Bond yields fell. The yield on the benchmark 10-year U.S. Treasury note down to 3.68% Friday.

Title: Re: Money Sense
Post by: DKG on March 13, 2023, 11:46:27 AM

Treasury Secretary Janet Yellen announced Sunday that the federal government wouldn't bail out the now-collapsed Silicon Valley Bank (SVB) but said it will work to aid depositors who are worried about their money.

Title: Re: Money Sense
Post by: DKG on March 14, 2023, 10:22:13 AM

U.S. regulators on Sunday announced they were intervening to close Signature Bank, marking the second U.S. bank to fail days apart and the third-largest bank failure in U.S. history.

The bank has been placed into receivership under the Fed's emergency lending authority, the Federal Deposit Insurance Corporation (FDIC).

According to a December 2022 securities filing, N.Y.-based Signature Bank held more than $110 billion in assets and some of the biggest stakes among banks in the nation in the cryptocurrency industry.

Meanwhile, shares of First Republic Bank plunged more than 60 percent in premarket trading on March 13, despite the lender reassuring customers that their deposits are safe amid concerns surrounding the collapse of Silicon Valley Bank (SVB) and Signature Bank. It has over $176 billion in deposits.

Title: Re: Money Sense
Post by: Herman on March 14, 2023, 07:26:06 PM

Figures, Jim Crow Joe is blaming his predecessor for another disaster on his watch.

https://www.theblaze.com/news/barney-frank-reacts-2018-regulation-rollback?utm_source=theblaze-breaking&utm_medium=email&utm_campaign=20230314Trending-SquiresNoFaAm&utm_term=ACTIVE%20LIST%20-%20TheBlaze%20Breaking%20News

Democrats, including President Joe Biden and Sen. Elizabeth Warren (D-Mass.), are blaming Donald Trump for the sudden collapse of two banks, Silicon Valley Bank and Signature Bank.

But Barney Frank, a leading sponsor of the Dodd-Frank Act, sharply disagrees.

The law, signed by then-President Barack Obama in 2010, made significant changes to Wall Street regulations and federal financial regulatory agencies in the aftermath of the financial meltdown in 2008. The bill, though controversial, was theoretically designed to protect Americans.

What are the accusations?

Democrats say Trump is responsible because he signed a law rolling back some of the regulations enacted by the Dodd-Frank Act.

Biden: "During the Obama-Biden administration, we put in place tough requirements ... to make sure the crisis we saw in 2008 would not happen again. Unfortunately, the last administration rolled back some of these requirements."

Warren: "In 2018, the big banks won. With support from both parties, President Donald Trump signed a law to roll back critical parts of Dodd-Frank regulations."

It's true that Trump signed that law. But what Biden and Warren failed to mention is that rolling back the regulations had widespread bipartisan support. In fact, 17 Senate Democrats and 33 House Democrats supported the bill, demonstrating that it was hardly a one-sided effort.

"I don't think that had any impact," Frank said. "They hadn't stopped examining banks."

Frank is no partial analyst. After all, he sat on the board of the New York-based Signature Bank until Sunday when it was shut down. But his perspective is strengthened by the fact that he does not believe the rollback of regulations he helped craft contributed to the rapid downfall of Silicon Valley Bank and Signature Bank.

Frank, who served on Signature's board since 2015, said his bank was in "good shape" but was hit with a run generated by "the nervousness and beyond nervousness from SVB and crypto." The bank's digital assets business made it the "unfortunate victim of the panic that really goes back to FTX," the cryptocurrency exchange that failed last year.

"I think, if it hadn't been for FTX and the extreme nervousness about crypto, that this wouldn't have happened — even to SVB or to us," Frank explained. "And that wasn't something that could have been anticipated by regulators."

Frank reiterated his feelings about the 2018 rollback in an interview with the Wall Street Journal.

What is Frank saying?

In an interview with Politico, Frank said he doesn't think the 2018 rollback had any impact on the failure of the banks.

Title: Re: Money Sense
Post by: Thiel on March 14, 2023, 09:21:58 PM

Barney Frank is one hudred percent right. The 2018 changes to the Dodd-Frank act which a lot of senate Democrats supported, would not have stopped SVB's demise. It was too reliant on one sector-high tech startups.

Title: Re: Money Sense
Post by: DKG on March 15, 2023, 10:06:14 AM

The Dow is down 600 this morning. The Nasdaq without financials listed is down 200. Credit Suisse in Europe is in trouble, although I don't have details.

Things have really changed in the past week. We were expecting the Fed to raise rates a half point on March 22. They might not touch rates.

Title: Re: Money Sense
Post by: Lokmar on March 15, 2023, 12:55:34 PM

I should probably cash out my 401K and pay the house off and start over. I'd be money ahead compared to what I'll lose soon.

Title: Re: Money Sense
Post by: DKG on March 16, 2023, 03:10:02 PM

The big US banks are as secure as Canadian banks.

Title: Re: Money Sense
Post by: Herman on March 17, 2023, 06:05:30 PM

Dang, it is global banking turmoil now.

Title: Re: Money Sense
Post by: DKG on March 18, 2023, 11:47:50 AM

In the previous financial crisis, the nation's biggest banks were the villains. This time, they may be the heroes.

Wall Street titans whose actions once angered voters on the right and left have become safe havens for anxious Americans and a source of financial backing for wounded institutions.

Tens of billions of dollars in deposits have flowed into the coffers of giant banks such as JPMorgan Chase and Bank of America following the panic surrounding the March 10 failure of Silicon Valley Bank, industry executives said.

Consumers and businesses spooked by the abrupt collapse of a bank with more than $200 billion in assets are fleeing to the perceived safety of the mammoth institutions that sparked populist outrage with their risky behavior before the 2008 crisis.

Title: Re: Money Sense
Post by: Anonymous on March 19, 2023, 10:35:19 AM

~~Quote from: Herman post_id=495866 time=1679090730 user_id=3396~~
Dang, it is global banking turmoil now.

Gold and Silver are doing well at the moment. Gold is too high to purchase today. I wouldn't put another dime into a bank. I've always had a nice silver collection and bought lots of Gold during the pandemic. To me holding Gold is like a trade that is marketable anywhere in the world.

Title: Re: Money Sense
Post by: DKG on March 19, 2023, 11:24:33 AM

What is seamoron doing in my thread.

Title: Re: Money Sense
Post by: Anonymous on March 19, 2023, 11:36:36 AM

~~Quote from: DKG post_id=495966 time=1679239473 user_id=3390~~
What is seamoron doing in my thread.

Title: Re: Money Sense
Post by: Anonymous on March 19, 2023, 11:37:49 AM

Helping you out little fella. Gold has value

Title: Re: Money Sense
Post by: Anonymous on March 19, 2023, 11:41:19 AM

~~Quote from: DKG post_id=495805 time=1678993802 user_id=3390~~
The big US banks are as secure as Canadian banks.

Seriously, what makes you an authority on $$$$? Working in a bank? I'd like to hear more Seoulbro

Title: Re: Money Sense
Post by: JOE on March 19, 2023, 11:59:08 AM

~~Quote from: Lokmar post_id=495714 time=1678899334 user_id=3351~~
I should probably cash out my 401K and pay the house off and start over. I'd be money ahead compared to what I'll lose soon.

Jumpin' jahosephat....are you still payin' off yer mortgage...Lokmeer!?!

How many more years have ya got til it's paid off, Bud?

Title: Re: Money Sense
Post by: Lokmar on March 19, 2023, 12:47:36 PM

~~Quote from: JOE post_id=495973 time=1679241548 user_id=97~~
~~Quote from: Lokmar post_id=495714 time=1678899334 user_id=3351~~
I should probably cash out my 401K and pay the house off and start over. I'd be money ahead compared to what I'll lose soon.

Jumpin' jahosephat....are you still payin' off yer mortgage...Lokmeer!?!

How many more years have ya got til it's paid off, Bud?

Nope. Thinking about cashing it in before it loses all its value. Also thinking about stopping my payments into it altogether for the next year or so.

Title: Re: Money Sense
Post by: JOE on March 19, 2023, 02:03:15 PM

~~Quote from: Lokmar post_id=495977 time=1679244456 user_id=3351~~
~~Quote from: JOE post_id=495973 time=1679241548 user_id=97~~

Jumpin' jahosephat....are you still payin' off yer mortgage...Lokmeer!?!

How many more years have ya got til it's paid off, Bud?

Nope. Thinking about cashing it in before it loses all its value. Also thinking about stopping my payments into itOh altogether for the next year or so.

Oh. I thought if you got land, esp farmland, it can only go up..Lokmeer!

Cuz even if the dollar becomes less, the value of the land will stay constant in an inflationary environment.

Plus...you said you have a farm, so if it grows food/crops this can only add value cuz food itself will continue to increase in price.

So even if the dollar becomes increasingly worthless, like gold, the value of land will be constant, don'tcha think....Lokmeer?! Unless you overpaid or are highly leveraged on it.

Anyways, that's what I'd do. I've even heard of people leaving the farm, retiring somewhere else but renting the land out to someone else to grow food on, you takin a cut.

Title: Re: Money Sense
Post by: Anonymous on March 19, 2023, 02:09:58 PM

~~Quote from: JOE post_id=495973 time=1679241548 user_id=97~~
~~Quote from: Lokmar post_id=495714 time=1678899334 user_id=3351~~
I should probably cash out my 401K and pay the house off and start over. I'd be money ahead compared to what I'll lose soon.

Jumpin' jahosephat....are you still payin' off yer mortgage...Lokmeer!?!

How many more years have ya got til it's paid off, Bud?

I built my house, guest house and pool about 25 years ago. Paid all in cash. About $130,000. Y'all would hate me more, if you knew it's value today. Couldn't imagine having a pesky mortgage, insurance, etc.

Title: Re: Money Sense
Post by: JOE on March 19, 2023, 03:04:47 PM

~~Quote from: Sea post_id=495982 time=1679249398~~
~~Quote from: JOE post_id=495973 time=1679241548 user_id=97~~

Jumpin' jahosephat....are you still payin' off yer mortgage...Lokmeer!?!

How many more years have ya got til it's paid off, Bud?

I built my house, guest house and pool about 25 years ago. Paid all in cash. About $130,000. Y'all would hate me more, if you knew it's value today. Couldn't imagine having a pesky mortgage, insurance, etc.

I don't think I'd ever buy land in Costa Rica, Seamajor.

Nevermind the tenuous land ownership laws, just establishing permanent residency is another but more important obstacle to overcome.

Given what you've written about Costa Rica, they are pretty much in line with the experiences of others I've read about on the Web - that it took expats a long time to establish safe secure residency in Costa rica

CR might be a nice place to visit but I wouldn't wanna live there.

If I wanted the sun, sand and surf, I'd probably move to Hawaii instead.

From the sounds of it, a lot safer too. For all of its faults, the USA still has more stable laws and lower rates of violence than many other countries in the world, particularly Latin America.

Title: Re: Money Sense
Post by: Lokmar on March 19, 2023, 06:11:45 PM

~~Quote from: Sea post_id=495982 time=1679249398~~
~~Quote from: JOE post_id=495973 time=1679241548 user_id=97~~

Jumpin' jahosephat....are you still payin' off yer mortgage...Lokmeer!?!

How many more years have ya got til it's paid off, Bud?

I built my house, guest house and pool about 25 years ago. Paid all in cash. About $130,000. Y'all would hate me more, if you knew it's value today. Couldn't imagine having a pesky mortgage, insurance, etc.

I doubt anyone is jelly of the CR hovel. Once the natives revolt, you're likely to be the new caption for "cannibal is me".

Title: Re: Money Sense
Post by: Lokmar on March 19, 2023, 06:13:35 PM

~~Quote from: JOE post_id=495980 time=1679248995 user_id=97~~
~~Quote from: Lokmar post_id=495977 time=1679244456 user_id=3351~~

Nope. Thinking about cashing it in before it loses all its value. Also thinking about stopping my payments into itOh altogether for the next year or so.

Oh. I thought if you got land, esp farmland, it can only go up..Lokmeer!

Cuz even if the dollar becomes less, the value of the land will stay constant in an inflationary environment.

Plus...you said you have a farm, so if it grows food/crops this can only add value cuz food itself will continue to increase in price.

So even if the dollar becomes increasingly worthless, like gold, the value of land will be constant, don'tcha think....Lokmeer?! Unless you overpaid or are highly leveraged on it.

Anyways, that's what I'd do. I've even heard of people leaving the farm, retiring somewhere else but renting the land out to someone else to grow food on, you takin a cut.

Your alzheimers meds wore off, josephine. Its my in laws who own the farm. I just go down there and mass murder furry little woodland creatures on it.

Title: Re: Money Sense
Post by: Anonymous on March 19, 2023, 06:15:58 PM

~~Quote from: Lokmar post_id=495989 time=1679263905 user_id=3351~~
~~Quote from: Sea post_id=495982 time=1679249398~~

I built my house, guest house and pool about 25 years ago. Paid all in cash. About $130,000. Y'all would hate me more, if you knew it's value today. Couldn't imagine having a pesky mortgage, insurance, etc.

I doubt anyone is jelly of the CR hovel. Once the natives revolt, you're likely to be the new caption for "cannibal is me".

Thank you for demonstrating your ignorance.

Title: Re: Money Sense
Post by: Lokmar on March 19, 2023, 06:21:32 PM

~~Quote from: Sea post_id=495993 time=1679264158~~
~~Quote from: Lokmar post_id=495989 time=1679263905 user_id=3351~~

I doubt anyone is jelly of the CR hovel. Once the natives revolt, you're likely to be the new caption for "cannibal is me".

Thank you for demonstrating your ignorance.

I've talked with plenty of Americans who vacation in Central America. Its not a big deal and its affordable for just about anyone.

Title: Re: Money Sense
Post by: JOE on March 19, 2023, 09:46:36 PM

~~Quote from: Lokmar post_id=495995 time=1679264492 user_id=3351~~
~~Quote from: Sea post_id=495993 time=1679264158~~

Thank you for demonstrating your ignorance.

I've talked with plenty of Americans who vacation in Central America. Its not a big deal and its affordable for just about anyone.

It may be affordable, but the pitfalls of land ownership seem a tad dubious.

Buyer beware. Proceed at yer own risk.

Title: Re: Money Sense
Post by: DKG on March 21, 2023, 10:23:17 AM

Policymakers at the Federal Reserve face a tough decision at their meeting tomorrow: ratchet up its benchmark interest rate again to quell inflation, or hold steady to avoid stressing the financial system.

KEY TAKEAWAYS

There's a 25% chance the Federal Reserve will keep its interest rate flat, and a 75% the Fed will hike it 25 basis points when it meets Wednesday, according to trading data.

The Fed might back off of its year-long campaign of raising rates to fight inflation for fear of destabilizing the financial system, which has been rocked by the failures of Silicon Valley and Signature banks.

On the other hand, the Fed could stay focused on taming inflation and raise rates despite the risk of putting banks under more stress.

Title: Re: Money Sense
Post by: DKG on March 21, 2023, 10:25:19 AM

In more alarming news about the state of Social Security, some experts are warning that up to 20% in payment cuts could be coming as early as 2032, unless Congress intervenes with measures to preserve funding for the program.

Upwards of 66 million people currently receive benefits, with the average coming in around $1,691, according to January 2023 data from the Social Security Administration (SSA). Cuts of 20% would see payments shrink to $1,352, which is going backwards from the progress made to increase benefits through cost of living adjustments (COLAs), the latest of which came earlier this year and bumped payment amounts by 8.7%. More than half of retirees say even that higher adjustment isn't enough to get by on, as GOBankingRates reported.

Title: Re: Money Sense
Post by: Lokmar on March 21, 2023, 10:35:17 AM

~~Quote from: JOE post_id=495999 time=1679276796 user_id=97~~
~~Quote from: Lokmar post_id=495995 time=1679264492 user_id=3351~~

I've talked with plenty of Americans who vacation in Central America. Its not a big deal and its affordable for just about anyone.

It may be affordable, but the pitfalls of land ownership seem a tad dubious.

Buyer beware. Proceed at yer own risk.

I'd never vaca in one of those terd wurlds let alone buy land in one.

Title: Re: Money Sense
Post by: Herman on March 21, 2023, 05:01:22 PM

~~Quote from: DKG post_id=496086 time=1679408719 user_id=3390~~
n more alarming news about the state of Social Security, some experts are warning that up to 20% in payment cuts could be coming as early as 2032, unless Congress intervenes with measures to preserve funding for the program.

Upwards of 66 million people currently receive benefits, with the average coming in around $1,691, according to January 2023 data from the Social Security Administration (SSA). Cuts of 20% would see payments shrink to $1,352, which is going backwards from the progress made to increase benefits through cost of living adjustments (COLAs), the latest of which came earlier this year and bumped payment amounts by 8.7%. More than half of retirees say even that higher adjustment isn't enough to get by on, as GOBankingRates reported.

That will put a lot of retired American in the poor house. Every president and every congress has kicked the can down the road. It aint like Washington did not know a reckoning is coming.

Title: Re: Money Sense
Post by: Anonymous on March 21, 2023, 05:15:23 PM

~~Quote from: Herman post_id=496112 time=1679432482 user_id=3396~~
~~Quote from: DKG post_id=496086 time=1679408719 user_id=3390~~
n more alarming news about the state of Social Security, some experts are warning that up to 20% in payment cuts could be coming as early as 2032, unless Congress intervenes with measures to preserve funding for the program.

Upwards of 66 million people currently receive benefits, with the average coming in around $1,691, according to January 2023 data from the Social Security Administration (SSA). Cuts of 20% would see payments shrink to $1,352, which is going backwards from the progress made to increase benefits through cost of living adjustments (COLAs), the latest of which came earlier this year and bumped payment amounts by 8.7%. More than half of retirees say even that higher adjustment isn't enough to get by on, as GOBankingRates reported.

That will put a lot of retired American in the poor house. Every president and every congress has kicked the can down the road. It aint like Washington did not know a reckoning is coming.

Mine is $2470. Per mo, The other 3 pensions is were the gravy is. Most here will end up poor, or move back to China. Bless you all.

Title: Re: Money Sense
Post by: Anonymous on March 21, 2023, 05:24:37 PM

~~Quote from: Lokmar post_id=495995 time=1679264492 user_id=3351~~
~~Quote from: Sea post_id=495993 time=1679264158~~

Thank you for demonstrating your ignorance.

I've talked with plenty of Americans who vacation in Central America. Its not a big deal and its affordable for just about anyone.

Yeah ac_dance You should see the huge development being built near the Liberia airport. Homes, condos, a huge Disneyland like theme park, giant lake. It's perfect, given all of the other natural activities that exist here. This will be a big deal here and the rest of Central and South America. Doubt Lokbrain could afford staying in Villa Real. As if he could qualify for a Passport.

Title: Re: Money Sense
Post by: Anonymous on March 21, 2023, 07:27:13 PM

Why does Seamidget giggle when he plays soccer. The grass tickles his balls.

Title: Re: Money Sense
Post by: JOE on March 21, 2023, 10:47:12 PM

~~Quote from: DKG post_id=496086 time=1679408719 user_id=3390~~
n more alarming news about the state of Social Security, some experts are warning that up to 20% in payment cuts could be coming as early as 2032, unless Congress intervenes with measures to preserve funding for the program.

Upwards of 66 million people currently receive benefits, with the average coming in around $1,691, according to January 2023 data from the Social Security Administration (SSA). Cuts of 20% would see payments shrink to $1,352, which is going backwards from the progress made to increase benefits through cost of living adjustments (COLAs), the latest of which came earlier this year and bumped payment amounts by 8.7%. More than half of retirees say even that higher adjustment isn't enough to get by on, as GOBankingRates reported.

It's happening everywhere regardless of which country or party is in power.

Socialist Sweden raised its retirement age to 67.

France went up to 64 from 60.

Canada will likely follow after the 2025 election

There's not enough money to pay for these entitlements because most governments around the world are broke especially after the pandemic.

I kinda think that the 20% cuts figure is on the conservative side.

Title: Re: Money Sense
Post by: Lokmar on March 21, 2023, 10:48:54 PM

~~Quote from: Sea post_id=496116 time=1679433877~~
~~Quote from: Lokmar post_id=495995 time=1679264492 user_id=3351~~

I've talked with plenty of Americans who vacation in Central America. Its not a big deal and its affordable for just about anyone.

Yeah ac_dance You should see the huge development being built near the Liberia airport. Homes, condos, a huge Disneyland like theme park, giant lake. It's perfect, given all of the other natural activities that exist here. This will be a big deal here and the rest of Central and South America. Doubt Lokbrain could afford staying in Villa Real. As if he could qualify for a Passport.

Seeing how I've bought more than a dozen guns in the last 5 years, a passport would be a snap. Still, I'm not trying to move to a terd world. How many guns do you own in the CR hovel, BTW?

Title: Re: Money Sense
Post by: JOE on March 21, 2023, 10:54:56 PM

~~Quote from: Lokmar post_id=496137 time=1679453334 user_id=3351~~
~~Quote from: Sea post_id=496116 time=1679433877~~

Yeah ac_dance You should see the huge development being built near the Liberia airport. Homes, condos, a huge Disneyland like theme park, giant lake. It's perfect, given all of the other natural activities that exist here. This will be a big deal here and the rest of Central and South America. Doubt Lokbrain could afford staying in Villa Real. As if he could qualify for a Passport.

Seeing how I've bought more than a dozen guns in the last 5 years, a passport would be a snap. Still, I'm not trying to move to a terd world. How many guns do you own in the CR hovel, BTW?

It's difficult to see how CR could continue to remain stable when some of its neighbors are in such rough shape. ie El Salvador and Guatemala. Guatemala is so poor that even Mexico doesn't want them and has built a wall to keep them out, eh. Ya'd think their troubles would spill over into CR's borders.

Title: Re: Money Sense
Post by: Lokmar on March 21, 2023, 10:57:03 PM

~~Quote from: JOE post_id=496138 time=1679453696 user_id=97~~
~~Quote from: Lokmar post_id=496137 time=1679453334 user_id=3351~~

Seeing how I've bought more than a dozen guns in the last 5 years, a passport would be a snap. Still, I'm not trying to move to a terd world. How many guns do you own in the CR hovel, BTW?

It's difficult to see how CR could continue to remain stable when some of its neighbors are in such rough shape. ie El Salvador and Guatemala. Guatemala is so poor that even Mexico doesn't want them and has built a wall to keep them out, eh. Ya'd think their troubles would spill over into CR's borders.

Its just a matter of time before its as dangerous as mexico.

Title: Re: Money Sense
Post by: Anonymous on March 21, 2023, 11:08:20 PM

~~Quote from: Lokmar post_id=496139 time=1679453823 user_id=3351~~
~~Quote from: JOE post_id=496138 time=1679453696 user_id=97~~

It's difficult to see how CR could continue to remain stable when some of its neighbors are in such rough shape. ie El Salvador and Guatemala. Guatemala is so poor that even Mexico doesn't want them and has built a wall to keep them out, eh. Ya'd think their troubles would spill over into CR's borders.

Its just a matter of time before its as dangerous as mexico.

I was going to buy a gun but I was a little short. :laugh3:

Title: Re: Money Sense
Post by: DKG on March 22, 2023, 10:12:08 AM

Markets are quiet this morning in anticipation of what the Fed will do. We should have an announcement around noon Eastern TIme.

Title: Re: Money Sense
Post by: DKG on March 22, 2023, 02:35:18 PM

Markets aren't moving much today as they wait to see what Jerome Powell has to say about future interest rates. The Fed raised rates one quarter of a percentage point. Three weeks ago markets were anticipating a half point increase.

The Bank of Canada is expected to hold rates April 12.

Title: Re: Money Sense
Post by: DKG on March 22, 2023, 04:32:38 PM

The market reaction to today's increase and more importantly the words of Jerome Powell is in and it's bad.

U.S. stocks closed sharply lower on Wednesday, giving up earlier gains, after the Federal Reserve raises interest rates by 25 basis points as expected, but talked down the possibility of cuts to rates this year. The Dow Jones Industrial Average tumbled 531 points, or 1.6%, ending near 32,028, while the S&P 500 index shed 1.7% and the Nasdaq Composite Index closed down 1.6%.

Powell also said that tighter credit conditions for consumers, following the bank failures, would likely work like rate hikes in terms of lowering inflation. It will be a key area of focus for the Fed in the coming weeks and months, he said. The 10-year Treasury rate fell Wednesday to 3.46%, a sign that investors in the bond market think growth will be slower.

Title: Re: Money Sense
Post by: Lokmar on March 22, 2023, 06:07:34 PM

The fed isnt the problem. They're just trying to wipe bidens ass. It was his policies that created inflation ITFP.

Title: Re: Money Sense
Post by: Herman on March 22, 2023, 06:49:28 PM

~~Quote from: Lokmar post_id=496186 time=1679522854 user_id=3351~~
The fed isnt the problem. They're just trying to wipe bidens ass. It was his policies that created inflation ITFP.

Bidenflation caused by out of control spending on COVID payments and green energy scams.

Title: Re: Money Sense
Post by: DKG on March 27, 2023, 05:41:37 PM

Start-up funding will be harder to get.

Title: Re: Money Sense
Post by: Herman on March 28, 2023, 01:33:55 AM

~~Quote from: DKG post_id=496490 time=1679953297 user_id=3390~~
Start-up funding will be harder to get.

Good. Most of them aint real products. Stupid apps or social media.

Title: Re: Money Sense
Post by: DKG on March 31, 2023, 07:19:46 AM

It seems that Jerome Powell's work isn't yet done, with economists expecting the Fed to stay true to its word and raise rates one more time in order to reach the "point of pain".

Top economists are predicting the Fed will hike up rates by another quarter percentage point in order to get inflation under control this spring—as long as the banking crisis doesn't bleed into a full-blown contagion—and then stop the upwards cycle.

Title: Re: Money Sense
Post by: DKG on April 01, 2023, 07:15:02 AM

The markets had a great week. But, I fear the second half growth could slow to a crawl or even contract. Rapidly tightening credit conditions, exacerbated by the banking crisis could fuel a downturn. The Fed's monetary tightening and banks' increased wariness toward lending squeeze credit flows and set the stage for a recession.

Title: Re: Money Sense
Post by: Lokmar on April 01, 2023, 05:44:09 PM

I know of companies that are cutting production right now but are keeping their AOP projections where they are so investors dont get spooked. Thats called stock price manipulation.

Title: Re: Money Sense
Post by: JOE on April 02, 2023, 02:13:38 AM

Slightly off topic, hope it doesn't derail DKG's thread too much.

Biggest banks in the world by Market Cap:

https://companiesmarketcap.com/banks/largest-banks-by-market-cap/

....Interesting, some of them are Canadian.

Title: Re: Money Sense
Post by: Lokmar on April 02, 2023, 03:27:40 PM

I talked to someone Friday that has second hand info that says interest rates will be cut again by Q4 because the economy will be in the shitter so bad.

Title: Re: Money Sense
Post by: DKG on April 02, 2023, 04:39:46 PM

~~Quote from: Lokmar post_id=496867 time=1680463660 user_id=3351~~
I talked to someone Friday that has second hand info that says interest rates will be cut again by Q4 because the economy will be in the shitter so bad.

That is a distinct possiblility. The Bank of Canada is already finished raising rates.

Title: Re: Money Sense
Post by: Lokmar on April 02, 2023, 06:24:45 PM

~~Quote from: DKG post_id=496875 time=1680467986 user_id=3390~~
~~Quote from: Lokmar post_id=496867 time=1680463660 user_id=3351~~
I talked to someone Friday that has second hand info that says interest rates will be cut again by Q4 because the economy will be in the shitter so bad.

That is a distinct possiblility. The Bank of Canada is already finished raising rates.

My prediction is Sept/Oct. get here and the economy completely shits the bed. By Nov. the retailers will be screaming their fool heads off. Their only hope is lowered interest rates. The possibility remains that the joetato company is too fuking dumb to throw em a life raft.

Title: Re: Money Sense
Post by: DKG on April 11, 2023, 04:59:24 PM

ESG-conscious executives at Anheuser-Busch may have discounted the initial backlash against Bud Light's partnership with female impersonator Dylan Mulvaney, but they are unlikely to ignore the Monday morning drop in their company's share price.

The stock price for Anheuser-Busch InBev SA/NV (BUD) closed last week at $66.34 per share. Monday morning, the price fell precipitously, opening at $64.99.

Title: Re: Money Sense
Post by: Herman on April 12, 2023, 01:43:17 AM

~~Quote from: DKG post_id=497494 time=1681246764 user_id=3390~~
ESG-conscious executives at Anheuser-Busch may have discounted the initial backlash against Bud Light's partnership with female impersonator Dylan Mulvaney, but they are unlikely to ignore the Monday morning drop in their company's share price.

The stock price for Anheuser-Busch InBev SA/NV (BUD) closed last week at $66.34 per share. Monday morning, the price fell precipitously, opening at $64.99.

It's fake beer promoted by a fake woman.

Title: Re: Money Sense
Post by: JOE on April 12, 2023, 04:06:38 AM

~~Quote from: Lokmar post_id=496885 time=1680474285 user_id=3351~~
~~Quote from: DKG post_id=496875 time=1680467986 user_id=3390~~

That is a distinct possiblility. The Bank of Canada is already finished raising rates.

My prediction is Sept/Oct. get here and the economy completely shits the bed. By Nov. the retailers will be screaming their fool heads off. Their only hope is lowered interest rates. The possibility remains that the joetato company is too fuking dumb to throw em a life raft.

This is a guy ta watch....Lokmeer!

Michael Markowski

https://youtu.be/E88IIciCOco

Many of his predictions came true in the past, eh?

DKG might also be interested in what the guy has ta say.

Title: Re: Money Sense
Post by: DKG on April 12, 2023, 02:42:25 PM

U.S. inflation eased in March to its lowest level in nearly two years, but underlying price pressures likely keep the door open for the Federal Reserve to consider another interest-rate increase at its May meeting.

The consumer-price index, a closely watched inflation gauge that measures what consumers pay for goods and services, rose 5% last month from a year earlier, down from February's 6% increase and the smallest gain since May 2021, the Labor Department said Wednesday.

Title: Re: Money Sense
Post by: Lokmar on April 12, 2023, 02:54:25 PM

~~Quote from: JOE post_id=497510 time=1681286798 user_id=97~~
~~Quote from: Lokmar post_id=496885 time=1680474285 user_id=3351~~

My prediction is Sept/Oct. get here and the economy completely shits the bed. By Nov. the retailers will be screaming their fool heads off. Their only hope is lowered interest rates. The possibility remains that the joetato company is too fuking dumb to throw em a life raft.

This is a guy ta watch....Lokmeer!

Michael Markowski

https://youtu.be/E88IIciCOco

Many of his predictions came true in the past, eh?

DKG might also be interested in what the guy has ta say.

One things for sure, josephine. Not a single one of your predictions of the market totally crashing under Trump came true. Fuktard.

Title: Re: Money Sense
Post by: DKG on April 12, 2023, 02:59:49 PM

He doesn't care. Joe did not invest for his own retirement like normal people do. He is dependent on OAS/GIS and whatever he paid into CPP.

Title: Re: Money Sense
Post by: JOE on April 12, 2023, 04:10:22 PM

~~Quote from: DKG post_id=497538 time=1681325989 user_id=3390~~
He doesn't care. Joe did not invest for his own retirement like normal people do. He is dependent on OAS/GIS and whatever he paid into CPP.

Actually DKG, I don't necessarily agree with Markowski's prediction about a Global depression, who is the guy in the video.

Just as there could be a massive crash, there very well might NOT be.

Or...it could be isolated to 1 or 2 sectors.

Or...it could be a series of mini-crashes spread out over an extended period of time

So...the market could be in a 'bear' but could end up just going sideways like it did during the 1970s.

However....I agree with his analysis of keeping large amounts of money in safe places, as the market is extremely volatile and investors and scared. In other words...be cautious.

Isn't that what hedge investor Ray Dalio has recommended?

https://www.youtube.com/watch?v=hsMoLGhmYE4

Title: Re: Money Sense
Post by: Lokmar on April 12, 2023, 05:36:24 PM

~~Quote from: JOE post_id=497547 time=1681330222 user_id=97~~
~~Quote from: DKG post_id=497538 time=1681325989 user_id=3390~~
He doesn't care. Joe did not invest for his own retirement like normal people do. He is dependent on OAS/GIS and whatever he paid into CPP.

Actually DKG, I don't necessarily agree with Markowski's prediction about a Global depression, who is the guy in the video.

Just as there could be a massive crash, there very well might NOT be.

Or...it could be isolated to 1 or 2 sectors.

Or...it could be a series of mini-crashes spread out over an extended period of time

So...the market could be in a 'bear' but could end up just going sideways like it did during the 1970s.

However....I agree with his analysis of keeping large amounts of money in safe places, as the market is extremely volatile and investors and scared. In other words...be cautious.

Isn't that what hedge investor Ray Dalio has recommended?

https://www.youtube.com/watch?v=hsMoLGhmYE4

Look clown, a crash is 10,000X more likely to happen now that libiots are ruining the worlds largest economies. People like YOU are to blame.

Title: Re: Money Sense
Post by: JOE on April 12, 2023, 09:55:11 PM

An astute analysis of the Market & where it's headed:

https://youtu.be/ksMVAny6s6g

Title: Re: Money Sense
Post by: JOE on April 12, 2023, 10:10:59 PM

~~Quote from: Lokmar post_id=497555 time=1681335384 user_id=3351~~Look clown, a crash is 10,000X more likely to happen now that libiots are ruining the worlds largest economies. People like YOU are to blame.

...anyways, whatever is causing it, the general consensus appears to be that it's goin' dow-an....Lokmeer!

And it's gonna stay down fer a while, cuz we're in the beginning of a Down cycle or Bear market.

Just like the Little Guy in this video, eh?

https://www.youtube.com/watch?v=3JS0xhG1fRU

He invested too late in the cycle and is describing how his portfolio from his 401K plan keeps declining in value.

So...likely the poor guy will be down another 20-30% by years end.

Ya kin learn a lot by watching these markets and personal experiences, eh Lokmeer!?

Namely when to jump in and when NOT to jump in.

Title: Re: Money Sense
Post by: Lokmar on April 12, 2023, 10:33:19 PM

~~Quote from: JOE post_id=497569 time=1681351859 user_id=97~~
~~Quote from: Lokmar post_id=497555 time=1681335384 user_id=3351~~Look clown, a crash is 10,000X more likely to happen now that libiots are ruining the worlds largest economies. People like YOU are to blame.

...anyways, whatever is causing it, the general consensus appears to be that it's goin' dow-an....Lokmeer!

And it's gonna stay down fer a while, cuz we're in the beginning of a Down cycle or Bear market.

Just like the Little Guy in this video, eh?

https://www.youtube.com/watch?v=3JS0xhG1fRU

He invested too late in the cycle and is describing how his portfolio from his 401K plan keeps declining in value.

So...likely the poor guy will be down another 20-30% by years end.

Ya kin learn a lot by watching these markets and personal experiences, eh Lokmeer!?

Namely when to jump in and when NOT to jump in.

Anyways, I've been saying Q3 is when the disaster is gonna hit for 3 months now. way to be late to the party, josephine. That clown in your video is gonna be more broke than you in a year.

Title: Re: Money Sense
Post by: JOE on April 12, 2023, 10:42:59 PM

~~Quote from: Lokmar post_id=497570 time=1681353199 user_id=3351~~
~~Quote from: JOE post_id=497569 time=1681351859 user_id=97~~

...anyways, whatever is causing it, the general consensus appears to be that it's goin' dow-an....Lokmeer!

And it's gonna stay down fer a while, cuz we're in the beginning of a Down cycle or Bear market.

Just like the Little Guy in this video, eh?

https://www.youtube.com/watch?v=3JS0xhG1fRU

He invested too late in the cycle and is describing how his portfolio from his 401K plan keeps declining in value.

So...likely the poor guy will be down another 20-30% by years end.

Ya kin learn a lot by watching these markets and personal experiences, eh Lokmeer!?

Namely when to jump in and when NOT to jump in.

Anyways, I've been saying Q3 is when the disaster is gonna hit for 3 months now. way to be late to the party, josephine.

P/E or Price to Earnings Ratio has been way too high:

https://www.gurufocus.com/economic_indicators/56/shiller-pe-ratio-for-the-sp-500

They say it's supposed to be around 15 to 20 to 1

Now it's 30 and above

Title: Re: Money Sense
Post by: Lokmar on April 12, 2023, 10:45:40 PM

~~Quote from: JOE post_id=497571 time=1681353779 user_id=97~~
~~Quote from: Lokmar post_id=497570 time=1681353199 user_id=3351~~

Anyways, I've been saying Q3 is when the disaster is gonna hit for 3 months now. way to be late to the party, josephine.

P/E or Price to Earnings Ratio has been way too high:

https://www.gurufocus.com/economic_indicators/56/shiller-pe-ratio-for-the-sp-500

They say it's supposed to be around 15 to 20 to 1

Now it's 30 and above

STFU josephine. Out of control spending and exporting production is why we're shitting the bed.All the P&E statements are bogus. I should know, the company I work for is manipulating the fuck outta theirs.

Title: Re: Money Sense
Post by: JOE on April 12, 2023, 10:48:32 PM

~~Quote from: Lokmar post_id=497572 time=1681353940 user_id=3351~~
~~Quote from: JOE post_id=497571 time=1681353779 user_id=97~~

P/E or Price to Earnings Ratio has been way too high:

https://www.gurufocus.com/economic_indicators/56/shiller-pe-ratio-for-the-sp-500

They say it's supposed to be around 15 to 20 to 1

Now it's 30 and above

STFU josephine. Out of control spending and exporting production is why we're shitting the bed.All the P&E statements are bogus. I should know, the company I work for is manipulating the fuck outta theirs.

:laugh:

Title: Re: Money Sense
Post by: Herman on April 13, 2023, 01:02:53 AM

Thanks Joe for screwing up a non trolling thread with trolling.

Title: Re: Money Sense
Post by: JOE on April 13, 2023, 02:16:46 AM

~~Quote from: Herman post_id=497579 time=1681362173 user_id=3396~~
Thanks Joe for screwing up a non trolling thread with trolling.

...any event, looks like yer stocks may be takin' a hit Herm.

Part of the market cycle eh?

We're at the end of a bull market and inta a bear.

so good luck eh.

Title: Re: Money Sense
Post by: Lokmar on April 13, 2023, 08:51:44 AM

~~Quote from: JOE post_id=497588 time=1681366606 user_id=97~~
~~Quote from: Herman post_id=497579 time=1681362173 user_id=3396~~
Thanks Joe for screwing up a non trolling thread with trolling.

...any event, looks like yer stocks may be takin' a hit Herm.

Part of the market cycle eh?

We're at the end of a bull market and inta a bear.

so good luck eh.

Yea josephine, just like we said, when people like YOU take over, we're fucked.

Title: Re: Money Sense
Post by: Herman on April 13, 2023, 03:32:44 PM

~~Quote from: Lokmar post_id=497598 time=1681390304 user_id=3351~~
~~Quote from: JOE post_id=497588 time=1681366606 user_id=97~~

...any event, looks like yer stocks may be takin' a hit Herm.

Part of the market cycle eh?

We're at the end of a bull market and inta a bear.

so good luck eh.

Yea josephine, just like we said, when people like YOU take over, we're fucked.

All Joe does is derail this thread with lame trolling.

Title: Re: Money Sense
Post by: JOE on April 13, 2023, 10:32:52 PM

~~Quote from: Herman post_id=497644 time=1681414364 user_id=3396~~
~~Quote from: Lokmar post_id=497598 time=1681390304 user_id=3351~~

Yea josephine, just like we said, when people like YOU take over, we're fucked.

All Joe does is derail this thread with lame trolling.

Actually Herm, I'm interested in investing $100,000 in the markets.

However, all the advice I ever hear these days is....

....keep it in cash or money market/bonds/T-Bills/Canada Savings bonds.

Face it Herm, in today's investment environment, the market is the shits.

So, while you think I'm irrelevant, I'm def fishing for new investment opportunities.

But its shaky, eg...from the horses' mouths of the biggest investors in the America:

https://www.youtube.com/watch?v=rQWmrVk-gpo

https://www.youtube.com/watch?v=yn2Wa2vQqdk

https://www.youtube.com/watch?v=3fF6DXc8fHo

https://www.youtube.com/watch?v=yj_nLWlYLzA

So they must know something that you/we don't

Title: Re: Money Sense
Post by: Lokmar on April 14, 2023, 02:32:28 PM

LOL@josephine. Charlie Munger tells him to invest if he'd just listen to his own fukin videos! LMFAO!

Title: Re: Money Sense
Post by: JOE on April 14, 2023, 03:00:05 PM

~~Quote from: Lokmar post_id=497691 time=1681497148 user_id=3351~~
LOL@josephine. Charlie Munger tells him to invest if he'd just listen to his own fukin videos! LMFAO!

And yet they are all more or less sayin' the same thing....Lokmeer!

Other words, stay on the sidelines, market is not good these days.

Trouble is too many people think of a trading account as a savings account.

Buy and Hold? They're crazy.

Equally absurd is the notion, "I'm in it for the long term."

Long term for what? For a world or market which might not exist in 50 years?!

Investing in the stock market is jes another form of gambling...Lokmeer!

Stock Market investing is mastering the Art of Getting In at the right time and knowing when to get out. The market or portions of it are only good for certain times, not so much in others.

Know the seasons like a farmer or how ta ride the waves like a sailor.

Title: Re: Money Sense
Post by: Lokmar on April 14, 2023, 05:04:41 PM

~~Quote from: JOE post_id=497695 time=1681498805 user_id=97~~
~~Quote from: Lokmar post_id=497691 time=1681497148 user_id=3351~~
LOL@josephine. Charlie Munger tells him to invest if he'd just listen to his own fukin videos! LMFAO!

And yet they are all more or less sayin' the same thing....Lokmeer!

Other words, stay on the sidelines, market is not good these days.

Trouble is too many people think of a trading account as a savings account.

Buy and Hold? They're crazy.

Equally absurd is the notion, "I'm in it for the long term."

Long term for what? For a world or market which might not exist in 50 years?!

Investing in the stock market is jes another form of gambling...Lokmeer!

Stock Market investing is mastering the Art of Getting In at the right time and knowing when to get out. The market or portions of it are only good for certain times, not so much in others.

Know the seasons like a farmer or how ta ride the waves like a sailor.

Well, instead of fukin bad mouthing Trump like every other scumbag libtard, ya shoulda got on the fukin train. Maybe next time, eh josephine?

Title: Re: Money Sense
Post by: JOE on April 16, 2023, 06:31:13 AM

~~Quote from: Lokmar post_id=497708 time=1681506281 user_id=3351~~
~~Quote from: JOE post_id=497695 time=1681498805 user_id=97~~

And yet they are all more or less sayin' the same thing....Lokmeer!

Other words, stay on the sidelines, market is not good these days.

Trouble is too many people think of a trading account as a savings account.

Buy and Hold? They're crazy.

Equally absurd is the notion, "I'm in it for the long term."

Long term for what? For a world or market which might not exist in 50 years?!

Investing in the stock market is jes another form of gambling...Lokmeer!

Stock Market investing is mastering the Art of Getting In at the right time and knowing when to get out. The market or portions of it are only good for certain times, not so much in others.

Know the seasons like a farmer or how ta ride the waves like a sailor.

Well, instead of fukin bad mouthing Trump like every other scumbag libtard, ya shoulda got on the fukin train. Maybe next time, eh josephine?

Trump, Trudeau, Obama, Biden...I don't follow nor worship any of 'em...Lokmeer!

Here today...gone tomorrow. In reality, they're just marketing creations. But instead of Hollywood or consumer product, it's for the political industry.

I'd rather avoid the fate of being like those Obama or Trump worshippers - so when their guy is gone, I don't boohoohoo....the next guy isn't my president/prime minister, etc.

People have ta get used to whomever becomes the leader, even if it's not who they want.

And I suspect that the pendulum could well shift back to the Right (much to your DELIGHT) for some of the reasons you've mentioned - dissatisfaction with the status quo, ineffective economic policies, a shitty underperforming stock market, erosion of their 401k plans etc. Just like it did in the 1980s. Even socialism has to be able to pay for itself. ie - socialist countries like France, Norway & Sweden recently raised their retirement ages.

Anyways, I'm preparing to accept whomever might be comin' next - even if I don't like or agree with 'em...Lokmeer!

Title: Re: Money Sense
Post by: Lokmar on April 16, 2023, 03:16:05 PM

~~Quote from: JOE post_id=497829 time=1681641073 user_id=97~~
~~Quote from: Lokmar post_id=497708 time=1681506281 user_id=3351~~

Well, instead of fukin bad mouthing Trump like every other scumbag libtard, ya shoulda got on the fukin train. Maybe next time, eh josephine?

Trump, Trudeau, Obama, Biden...I don't follow nor worship any of 'em...Lokmeer!

Here today...gone tomorrow. In reality, they're just marketing creations. But instead of Hollywood or consumer product, it's for the political industry.

I'd rather avoid the fate of being like those Obama or Trump worshippers - so when their guy is gone, I don't boohoohoo....the next guy isn't my president/prime minister, etc.

People have ta get used to whomever becomes the leader, even if it's not who they want.

And I suspect that the pendulum could well shift back to the Right (much to your DELIGHT) for some of the reasons you've mentioned - dissatisfaction with the status quo, ineffective economic policies, a shitty underperforming stock market, erosion of their 401k plans etc. Just like it did in the 1980s. Even socialism has to be able to pay for itself. ie - socialist countries like France, Norway & Sweden recently raised their retirement ages.

Anyways, I'm preparing to accept whomever might be comin' next - even if I don't like or agree with 'em...Lokmeer!

Liar. You're much more in line with biden than Trump. You constantly talked shit on Trump and Americas coming crash when he was in office. You're a liar josephine, plain and simple.

Title: Re: Money Sense
Post by: JOE on April 18, 2023, 05:09:55 PM

~~Quote from: Lokmar post_id=497858 time=1681672565 user_id=3351~~
~~Quote from: JOE post_id=497829 time=1681641073 user_id=97~~

Trump, Trudeau, Obama, Biden...I don't follow nor worship any of 'em...Lokmeer!

Here today...gone tomorrow. In reality, they're just marketing creations. But instead of Hollywood or consumer product, it's for the political industry.

I'd rather avoid the fate of being like those Obama or Trump worshippers - so when their guy is gone, I don't boohoohoo....the next guy isn't my president/prime minister, etc.

People have ta get used to whomever becomes the leader, even if it's not who they want.

And I suspect that the pendulum could well shift back to the Right (much to your DELIGHT) for some of the reasons you've mentioned - dissatisfaction with the status quo, ineffective economic policies, a shitty underperforming stock market, erosion of their 401k plans etc. Just like it did in the 1980s. Even socialism has to be able to pay for itself. ie - socialist countries like France, Norway & Sweden recently raised their retirement ages.

Anyways, I'm preparing to accept whomever might be comin' next - even if I don't like or agree with 'em...Lokmeer!

Liar. You're much more in line with biden than Trump. You constantly talked shit on Trump and Americas coming crash when he was in office. You're a liar josephine, plain and simple.

Well Lokmeer I didn't want to derail DKG's thread with a discussion of politics.

Just let him do his thang and post about money & economics in his own thread, 'kay?

That's what I thought this thread of his mini forum is supposed to be about.

Title: Re: Money Sense
Post by: Lokmar on April 18, 2023, 05:20:48 PM

~~Quote from: JOE post_id=498012 time=1681852195 user_id=97~~
~~Quote from: Lokmar post_id=497858 time=1681672565 user_id=3351~~

Liar. You're much more in line with biden than Trump. You constantly talked shit on Trump and Americas coming crash when he was in office. You're a liar josephine, plain and simple.

Well Lokmeer I didn't want to derail DKG's thread with a discussion of politics.

Just let him do his thang and post about money & economics in his own thread, 'kay?

That's what I thought this thread of his mini forum is supposed to be about.

You could always sit back and STFU.

Title: Re: Money Sense
Post by: Herman on April 18, 2023, 05:35:32 PM

~~Quote from: Lokmar post_id=498013 time=1681852848 user_id=3351~~
~~Quote from: JOE post_id=498012 time=1681852195 user_id=97~~

Well Lokmeer I didn't want to derail DKG's thread with a discussion of politics.

Just let him do his thang and post about money & economics in his own thread, 'kay?

That's what I thought this thread of his mini forum is supposed to be about.

You could always sit back and STFU.

He will keep trolling this thread as long as people keep replying to him.

Title: Re: Money Sense
Post by: Thiel on April 18, 2023, 10:42:32 PM

The Federal Reserve is expected to raise rates by 25 basis points at its May meeting. That is having an effect on stock prices.

Title: Re: Money Sense
Post by: DKG on April 20, 2023, 10:51:16 AM

Tesla's Q1 2023 revenue and profit came in very close to expectations, based on a survey of analysts from Refinitiv. Tesla specified in a shareholder deck that "underutilization of new factories" stressed margins, along with higher raw material, commodity, logistics and warranty costs, and lower revenue from environmental credits, all contributing to the drop in earnings from last year. Shares in electric vehicle maker Tesla dropped more than 4% after the company reported first-quarter earnings.

Despite high interest rates American Express Co. continued to benefit from strong spending growth in the latest quarter with particular momentum in the travel and entertainment categories. Amex AXP, -2.53% logged $14.3 billion in total revenues net of interest expense in the first quarter, beating the consensus analyst expectation, which foresaw revenue of $14 billion. In the year-ago period, Amex notched $11.7 billion in quarterly revenue.

Title: Re: Money Sense
Post by: DKG on May 04, 2023, 10:05:29 AM

A fresh selloff in regional banks kept Wall Street traders on their toes, with stocks finding little encouragement to rebound from recent losses amid few signs the drama is over.

The 60% plunge in PacWest Bancorp that came just a few hours after an underwhelming Federal Reserve decision left investors even more skittish with regards to the health of the financial system. A US probe into Goldman Sachs Group Inc.'s role in Silicon Valley Bank's deal also weighed on sentiment, with the S&P 500 heading toward its fourth straight down day. The drop in equities sent the Cboe Volatility Index (VIX) closer to the key 20 mark.

Title: Re: Money Sense
Post by: DKG on May 04, 2023, 09:25:34 PM

Along with investor indigestion over central bank messaging, Wall Street stock indexes were also under pressure from another rout in U.S. bank shares, which have reeled from the collapse of a third major regional bank over the weekend.

While the idea of a pause in U.S. rate hikes was welcome news for U.S. investors, it comes with the implication that the economy is slowing.

It's highly unlikely we'll avoid a recession. We're on a clear path toward a recession in the next few months.

Title: Re: Money Sense
Post by: DKG on May 05, 2023, 10:01:04 AM

Pacific Western Bank has confirmed that it's exploring "strategic options," which is Wall Street code for the possibility of a sale, with the bank saying it has been approached by potential investors.

PacWest Bancorp, the California-based holding company that owns Pacific Western Bank, said in a statement on May 4 that it's in talks with potential partners and investors after the lender's shares—and some other regional banks—tumbled amid fears of a worsening banking crisis.

"Recently, the company has been approached by several potential partners and investors—discussions are ongoing. The company will continue to evaluate all options to maximize shareholder value," PacWest stated.

"In accordance with normal practices the company and its board of directors continuously review strategic options."

Amid media speculation a day prior—and subsequent confirmation—that the bank was looking at various options, including capital raising or a potential sale, shares of PacWest Bancorp (PACW) fell by more than 50 percent in regular trading on May 4.

News that PacWest was considering "strategic options" and that it had been approached by potential partners and investors sent shares of regional banks lower on May 4. Zions Bancorporation, KeyCorp, Valley National Bancorp, and Comerica all fell between about 2.5 percent and about 12 percent, while First Horizon tumbled by more than 33 percent. The SPDR S&P Regional Banking ETF shed more than 5.5 percent.

On May 3, PacWest shares fell by 52 percent.

"Investors are worried that it [PacWest] will be the next domino to fall as worries swirl about deposit flight and the lack of asset diversification among smaller lenders," said Susannah Streeter, head of money and markets at Hargreaves Lansdown.

Deposits 'Stabilized'

PacWest said in its May 4 morning update that it hadn't experienced any unusual deposit outflows since First Republic Bank was placed into resolution by regulators, facilitating its sale to JPMorgan Chase.

Paul Taylor, PacWest president and CEO, said in an April 25 statement that the bank had managed to weather the turmoil sparked by the failure in early March of Silicon Valley Bank and Signature Bank, a period he called "one of the most challenging" in recent memory for the U.S. banking sector.

"Our deposits have stabilized with total insured deposits increasing from 48% of total deposits at year-end to 71% of total deposits at March 31, 2023. Importantly, deposits stabilized in the latter part of March and rebounded nicely in April, increasing approximately $700 million subsequent to quarter-end," he said.

Title: Re: Money Sense
Post by: DKG on May 14, 2023, 08:08:11 AM

The odds that the United States will fall into a recession at some point over the next 12 months have risen to a 40-year high, according to a probability model from the New York Federal Reserve.

The probability that the country will enter a recession within the next year has risen to 68.2 percent, according to the New York Fed, which is the highest level since 1982.

The Fed's recession risk indicator is now greater than it was in November 2007, not long before the subprime crisis, when it stood at 40 percent.

The recession model is based on the spread between the three-month and 10-year yields on U.S. Treasurys.

For months, the U.S. economy had been projected to show slowing real GDP growth and labor market softening.

Amid the banking sector turmoil sparked by the collapse of Silicon Valley Bank, economists at the Federal Reserve have projected a shallow recession.

Title: Re: Money Sense
Post by: Lokmar on May 14, 2023, 09:07:37 PM

~~Quote from: DKG post_id=500658 time=1684066091 user_id=3390~~
The odds that the United States will fall into a recession at some point over the next 12 months have risen to a 40-year high, according to a probability model from the New York Federal Reserve.

The probability that the country will enter a recession within the next year has risen to 68.2 percent, according to the New York Fed, which is the highest level since 1982.

The Fed's recession risk indicator is now greater than it was in November 2007, not long before the subprime crisis, when it stood at 40 percent.

The recession model is based on the spread between the three-month and 10-year yields on U.S. Treasurys.

For months, the U.S. economy had been projected to show slowing real GDP growth and labor market softening.

Amid the banking sector turmoil sparked by the collapse of Silicon Valley Bank, economists at the Federal Reserve have projected a shallow recession.

I've been arguing that we are already in a recession but because things have been on order/unavailable for such a long time, up to 2 years in some cases, we arent actually seeing the full effects yet.

Title: Re: Money Sense
Post by: DKG on May 25, 2023, 06:27:48 AM

The Dow Jones Industrial Average fell for a fourth straight day yesterday as U.S. lawmakers struggled to reach a deal on the country's debt ceiling, heightening worries of a potential default.

The Dow dropped 255.59 points, or 0.77%, to close at 32,799.92. The S&P 500 lost 0.73% to end at 4,115.24, while the Nasdaq Composite edged 0.61% lower to settle at 12,484.16.

Title: Re: Money Sense
Post by: Lokmar on May 25, 2023, 09:53:06 AM

Fuck the debt. Shut it down!!!

Title: Re: Money Sense
Post by: JOE on May 25, 2023, 12:05:56 PM

~~Quote from: Lokmar post_id=501721 time=1685022786 user_id=3351~~
Fuck the debt. Shut it down!!!

I think they (both political parties in the US) are just kicking the can down the road 'til one day there's a huge meltdown....Lokmeer!

And when it does, watch out Bud!

All your cash/stocks will either be worthless or be signficantly worth much less than they are today, eh?

How can a country and world economy exist forever on endlessly rising debt?

We're all just existing on borrowed time and fake economy, fake money.

At some point, somethin's gotta give/crash.

That's why I'm buying gold/precious metals and real commodities cuz aside from property/land in the end it'll be the only things worth anything.

At this rate we'll be reduced to a barter society or paying everything with silver or gold cuz nobody will trust paper money or the financial system, eh?

Title: Re: Money Sense
Post by: Lokmar on May 25, 2023, 08:11:24 PM

~~Quote from: JOE post_id=501733 time=1685030756 user_id=97~~
~~Quote from: Lokmar post_id=501721 time=1685022786 user_id=3351~~
Fuck the debt. Shut it down!!!

I think they (both political parties in the US) are just kicking the can down the road 'til one day there's a huge meltdown....Lokmeer!

And when it does, watch out Bud!

All your cash/stocks will either be worthless or be signficantly worth much less than they are today, eh?

How can a country and world economy exist forever on endlessly rising debt?

We're all just existing on borrowed time and fake economy, fake money.

At some point, somethin's gotta give/crash.

That's why I'm buying gold/precious metals and real commodities cuz aside from property/land in the end it'll be the only things worth anything.

At this rate we'll be reduced to a barter society or paying everything with silver or gold cuz nobody will trust paper money or the financial system, eh?

IDGAF. I have guns. Lots of guns......and tens of thousands of rounds ammo!

Title: Re: Money Sense
Post by: Oerdin on May 25, 2023, 08:20:11 PM

~~Quote from: Lokmar post_id=500748 time=1684112857 user_id=3351~~
~~Quote from: DKG post_id=500658 time=1684066091 user_id=3390~~
The odds that the United States will fall into a recession at some point over the next 12 months have risen to a 40-year high, according to a probability model from the New York Federal Reserve.

The probability that the country will enter a recession within the next year has risen to 68.2 percent, according to the New York Fed, which is the highest level since 1982.

The Fed's recession risk indicator is now greater than it was in November 2007, not long before the subprime crisis, when it stood at 40 percent.

The recession model is based on the spread between the three-month and 10-year yields on U.S. Treasurys.

For months, the U.S. economy had been projected to show slowing real GDP growth and labor market softening.

Amid the banking sector turmoil sparked by the collapse of Silicon Valley Bank, economists at the Federal Reserve have projected a shallow recession.

I've been arguing that we are already in a recession but because things have been on order/unavailable for such a long time, up to 2 years in some cases, we arent actually seeing the full effects yet.

We officially had two quarters of negative economic growth in Q1 and Q2 of 2022 so that was the first Biden recession. Last quarter growth was only 1.1% and everything has been worse since so we can expect negative GDP growth probably in Q2 and Q3 of this year. That will be Biden's second recession.

Democraps ruin everything they touch.

Title: Re: Money Sense
Post by: Herman on May 25, 2023, 08:50:43 PM

~~Quote from: Oerdin post_id=501772 time=1685060411 user_id=3374~~
~~Quote from: Lokmar post_id=500748 time=1684112857 user_id=3351~~

I've been arguing that we are already in a recession but because things have been on order/unavailable for such a long time, up to 2 years in some cases, we arent actually seeing the full effects yet.

We officially had two quarters of negative economic growth in Q1 and Q2 of 2022 so that was the first Biden recession. Last quarter growth was only 1.1% and everything has been worse since so we can expect negative GDP growth probably in Q2 and Q3 of this year. That will be Biden's second recession.

Democraps ruin everything they touch.

But, he says he has created more jobs than any other president. ac_toofunny

Title: Re: Money Sense
Post by: JOE on May 28, 2023, 01:51:23 PM

~~Quote from: Herman post_id=501775 time=1685062243 user_id=3396~~
~~Quote from: Oerdin post_id=501772 time=1685060411 user_id=3374~~

We officially had two quarters of negative economic growth in Q1 and Q2 of 2022 so that was the first Biden recession. Last quarter growth was only 1.1% and everything has been worse since so we can expect negative GDP growth probably in Q2 and Q3 of this year. That will be Biden's second recession.

Democraps ruin everything they touch.

But, he says he has created more jobs than any other president. ac_toofunny

Part of the reason Biden has 'created' thousands of jobs Herman is that the generation which came after us, born in the late 1970s and beyond is smaller than the generation which came before it. So there's not enough workers to fill all the jobs.

Not like the Baby boomers where there too many people of that age comopeting for a limited number of jobs.

Even tho the economy may be going inta the toilet, it doesn't necessarily impact the job market as much as it did in previous decades.

Title: Re: Money Sense
Post by: DKG on May 29, 2023, 04:52:04 AM

Optimism and relief are likely to be the dominant emotions for investors on Monday as lawmakers in Washington reached a tentative agreement on the U.S. debt ceiling, thus removing the risk of a catastrophic default.

Title: Re: Money Sense
Post by: Adolf Oliver Bush on May 29, 2023, 07:34:00 AM

So... more inflation in the bestest economy evah?

Title: Re: Money Sense
Post by: JOE on May 29, 2023, 03:53:10 PM

~~Quote from: DKG post_id=500658 time=1684066091 user_id=3390~~
The odds that the United States will fall into a recession at some point over the next 12 months have risen to a 40-year high, according to a probability model from the New York Federal Reserve.

The probability that the country will enter a recession within the next year has risen to 68.2 percent, according to the New York Fed, which is the highest level since 1982.

The Fed's recession risk indicator is now greater than it was in November 2007, not long before the subprime crisis, when it stood at 40 percent.

The recession model is based on the spread between the three-month and 10-year yields on U.S. Treasurys.

For months, the U.S. economy had been projected to show slowing real GDP growth and labor market softening.

Amid the banking sector turmoil sparked by the collapse of Silicon Valley Bank, economists at the Federal Reserve have projected a shallow recession.

Do you think Canada & the US will fall into a recession soon, DKG?

And if so will it be mild/short or deep/ long?

Title: Re: Money Sense
Post by: DKG on June 01, 2023, 12:11:58 PM

This is not about the markets, but it is definitely about money. Particularly how costs soar when governments build something the private sector should be building.

The government, which guaranteed loans last year that allowed the project to secure $10 billion of private financing, has since provided an additional $2.5 to $3 billion for the Trans Mountain expansion in two separate backstops, according to information posted on the Export Development Canada website.

In March, the company announced that the cost of expanding the pipeline system's capacity to 890,000 barrels a day rose to $30.9 billion — the latest in a series of increases over recent years.

Title: Re: Money Sense
Post by: DKG on June 02, 2023, 09:53:37 AM

U.S. hiring accelerated in May as employers added a booming 339,000 jobs and the labor market continued to shrug off high interest rates and persistent inflation.

The unemployment rate, which is calculated from a separate survey of households, rose from a five-decade low of 3.4% to 3.7%, the Labor Department said Friday.

Economists surveyed by Bloomberg had estimated that 195,000 jobs were added last month.

Futures tied to the Dow Jones Industrial Average rose 0.7% following the report Friday morning. Late Thursday, the Senate gave final approval to an agreement to raise the amount the government can borrow in exchange for spending cuts.

In a more encouraging sign, despite last month's hiring frenzy, average hourly earnings rose 11 cents to $33.44, nudging down the yearly increase to 4.3% from 4.4%. That should give the Fed some solace that pay increases and inflation are continuing to gradually moderate.

"The data show that job growth is continuing at a rapid pace, but wage pressures are not building," says Rubeela Farooqi, chief U.S. economist of High Frequency Economics. Despite the vigorous job gains, she says the modest wage increase should keep the Fed on track to hold rates steady this month.

Title: Re: Money Sense
Post by: DKG on June 02, 2023, 11:25:48 AM

U.S. stocks opened higher this morning after the Senate passed a bill to raise the federal debt ceiling and as investors digested an employment report showing stronger-than-expected job gains. The Dow Jones Industrial Average rose 0.7% soon after the opening bell, while the S&P 500 gained 0.6% and the technology-heavy Nasdaq Composite climbed 0.7%.

Title: Re: Money Sense
Post by: Adolf Oliver Bush on June 07, 2023, 10:08:35 AM

Watch it plummet like a stone in 18 months time.

https://www.bitchute.com/video/Q-AbZxJjhBc/

That effeminate McCarthy motherfucker is cheering it. I wouldn't be relying on America or any of its trading partners for the immediate future.

Title: Re: Money Sense
Post by: Anonymous on June 07, 2023, 03:08:28 PM

Somehow I think the Dow will be stuck around 32,000 by then Ollie. Neither up nor down but just stagnant. Stagflation just like it was in the 1970s. Meanwhile inflation will continue to eat away at whatever is left of everyone s savings

These markets are clearly manipulated tho

Title: Re: Money Sense
Post by: Adolf Oliver Bush on June 08, 2023, 07:14:50 AM

~~Quote from: "Jo Ho Ho" post_id=502941 time=1686164908~~
Somehow I think the Dow will be stuck around 32,000 by then Ollie. Neither up nor down but just stagnant.

Well that rather depends on how dumb investors are, doesn't it? With the gold standard being adopted by a number of BRICS nations, I'd posit that 18 months of debt ceiling suspension is a calculated move to allow the tanking of the US economy, with the next administration inheriting the fallout of a near total lack of confidence in the US economy.

Meh, why am I telling you this, you didn't listen last time either.

Title: Re: Money Sense
Post by: Herman on June 08, 2023, 08:45:41 PM

~~Quote from: "Adolf Oliver Bush" post_id=502985 time=1686222890 user_id=3409~~
~~Quote from: "Jo Ho Ho" post_id=502941 time=1686164908~~
Somehow I think the Dow will be stuck around 32,000 by then Ollie. Neither up nor down but just stagnant.

Well that rather depends on how dumb investors are, doesn't it? With the gold standard being adopted by a number of BRICS nations, I'd posit that 18 months of debt ceiling suspension is a calculated move to allow the tanking of the US economy, with the next administration inheriting the fallout of a near total lack of confidence in the US economy.

Meh, why am I telling you this, you didn't listen last time either.

He never listens or participates period in forums. He is here for his own weired amusement. Forums are in a fragile state right now. If wants them to continue he should wise the fuck up or leave and get a blog.

Title: Re: Money Sense
Post by: Adolf Oliver Bush on June 09, 2023, 02:51:04 AM

~~Quote from: Herman post_id=503009 time=1686271541 user_id=3396~~
~~Quote from: "Adolf Oliver Bush" post_id=502985 time=1686222890 user_id=3409~~

Well that rather depends on how dumb investors are, doesn't it? With the gold standard being adopted by a number of BRICS nations, I'd posit that 18 months of debt ceiling suspension is a calculated move to allow the tanking of the US economy, with the next administration inheriting the fallout of a near total lack of confidence in the US economy.

Meh, why am I telling you this, you didn't listen last time either.

He never listens or participates period in forums. He is here for his own weired amusement. Forums are in a fragile state right now. If wants them to continue he should wise the fuck up or leave and get a blog.

Yeah, I know. I don't even think he knows he's doing it, possibly enjoying his life in much the same way as a PCP addicted troon might slamming his cock in a car door repeatedly until it falls off.

Title: Re: Money Sense
Post by: DKG on June 09, 2023, 06:05:34 AM

~~Quote from: "Adolf Oliver Bush" post_id=503017 time=1686293464 user_id=3409~~
~~Quote from: Herman post_id=503009 time=1686271541 user_id=3396~~

He never listens or participates period in forums. He is here for his own weired amusement. Forums are in a fragile state right now. If wants them to continue he should wise the fuck up or leave and get a blog.

Yeah, I know. I don't even think he knows he's doing it, possibly enjoying his life in much the same way as a PCP addicted troon might slamming his cock in a car door repeatedly until it falls off.

I think he knows he is slamming his dick in the car door.

Title: Re: Money Sense
Post by: Thiel on June 10, 2023, 02:46:21 PM

As much as it pains me to say this, Kevin McCarthy had no choice but to capitulate on raising the debt ceiling. There would have been serious consequeces of inaction.

Title: Re: Money Sense
Post by: Thiel on June 10, 2023, 02:46:51 PM

~~Quote from: "Jo Ho Ho" post_id=502941 time=1686164908~~
Somehow I think the Dow will be stuck around 32,000 by then Ollie. Neither up nor down but just stagnant. Stagflation just like it was in the 1970s. Meanwhile inflation will continue to eat away at whatever is left of everyone s savings

These markets are clearly manipulated tho

Hi sweetie. ac_wub

Title: Re: Money Sense
Post by: Adolf Oliver Bush on June 11, 2023, 12:27:59 AM

~~Quote from: Thiel post_id=503124 time=1686422781 user_id=1688~~
As much as it pains me to say this, Kevin McCarthy had no choice but to capitulate on raising the debt ceiling. There would have been serious consequeces of inaction.

And? There are serious consequences for raising the debt ceiling too. Kicking the can down the road is all very well and good when there's a road to do it on, McCarthy's giddy lisps do nothing at t his end to distract from these eyes noticing we are rapidly running out of tarmac.

Listen, do me a favour while I have your attention; make an honest man... thing... out of Jo Ho Ho willya? A full-on royal wedding and music concert is good for the citizens, a swampdonkey told me so.

Title: Re: Money Sense
Post by: JOE on June 11, 2023, 10:50:36 PM

~~Quote from: Herman post_id=503009 time=1686271541 user_id=3396~~He never listens or participates period in forums. He is here for his own weired amusement. Forums are in a fragile state right now. If wants them to continue he should wise the fuck up or leave and get a blog.

...actually Herm I'm not too strong an opinion on anything.

Principally because tharz so much misinformation out there (on all sides, left and right) that it's hard to know who's telling the truth anymore.

CNN lies, Fox News lies...the US Fed lies...our government lies...

someone has an agenda instead of telling the truth.

I mostly go on these forums to get different opinions.

flick the channel...got to BC...next channel...BF...next one SG...next one VF...etc

It's just entertainment, nothing less, nothing more.

Title: Re: Money Sense
Post by: Herman on June 11, 2023, 10:52:29 PM

Bullshit. You are on forums for attention and nothing else.

Title: Re: Money Sense
Post by: Anonymous on June 12, 2023, 12:43:41 AM

~~Quote from: "Adolf Oliver Bush" post_id=502985 time=1686222890 user_id=3409~~
~~Quote from: "Jo Ho Ho" post_id=502941 time=1686164908~~
Somehow I think the Dow will be stuck around 32,000 by then Ollie. Neither up nor down but just stagnant.

Well that rather depends on how dumb investors are, doesn't it? With the gold standard being adopted by a number of BRICS nations, I'd posit that 18 months of debt ceiling suspension is a calculated move to allow the tanking of the US economy, with the next administration inheriting the fallout of a near total lack of confidence in the US economy.

Meh, why am I telling you this, you didn't listen last time either.

Well Ollie yer way of thinking seems to be in line with this guy who similarly warns about a coming economic crisis & depression by 2025:

https://youtu.be/YJFQALw3rGc

I don't really agree with him tho

While the possibility shouldn't be ruled out, I think it's further down the road than that.

Mind you....my Grand Dad told me 1926 was a very good year 1927 was worse till the world economy gradually slid into a depression by 1929.

Btw he survived the Great Depression by going house to house selling coal. Back in those days thats how people heated their homes. He did well for himself till WWII hit. The war years were a difficult time for him and his family

Title: Re: Money Sense
Post by: Herman on June 14, 2023, 07:58:58 PM

For the first time in more than a year, the Federal Reserve has left interest rates unchanged but signaled that two more rate hikes are set to happen this year.

The benchmark federal funds rate held steady at a range of 5–5.25 percent, effectively ending the streak of 10 consecutive rate hikes.

Title: Re: Money Sense
Post by: DKG on June 15, 2023, 02:04:17 AM

The Dow shed .7 percent in reaction to today's announcement. Not because of the pause, but because they said they are not finished raising interest rates. Six more rate increases are possible before they start lowering interest rates.

Title: Re: Money Sense
Post by: Adolf Oliver Bush on June 16, 2023, 05:08:48 AM

~~Quote from: "Jo Ho Ho" post_id=503210 time=1686545021~~
~~Quote from: "Adolf Oliver Bush" post_id=502985 time=1686222890 user_id=3409~~

Well that rather depends on how dumb investors are, doesn't it? With the gold standard being adopted by a number of BRICS nations, I'd posit that 18 months of debt ceiling suspension is a calculated move to allow the tanking of the US economy, with the next administration inheriting the fallout of a near total lack of confidence in the US economy.

Meh, why am I telling you this, you didn't listen last time either.

Well Ollie yer way of thinking seems to be in line with this guy who similarly warns about a coming economic crisis & depression by 2025:

https://youtu.be/YJFQALw3rGc

I don't really agree with him tho

While the possibility shouldn't be ruled out, I think it's further down the road than that.

So in short you don't agree with me but you do, is that it? Why yes, yes it is.

"Ahhh, but Ollie" you say, "I think we have a bit more of the slide to go before the precipice, we can giggle like schoolgirls a little longer..."

You're an idiot, friend. If you accept the path you're on is the path to ultimate ruin, any time you spend after that on that path is you indulging in idiocy.

Get off the path and hit the weeds, the bridge is out ahead.

Title: Re: Money Sense
Post by: JOE on June 16, 2023, 10:34:14 PM

~~Quote from: "Adolf Oliver Bush" post_id=503494 time=1686906528 user_id=3409~~

TrughSo in short you don't agree with me but you do, is that it? Why yes, yes it is.

"Ahhh, but Ollie" you say, "I think we have a bit more of the slide to go before the precipice, we can giggle like schoolgirls a little longer..."

You're an idiot, friend. If you accept the path you're on is the path to ultimate ruin, any time you spend after that on that path is you indulging in idiocy.

Get off the path and hit the weeds, the bridge is out ahead.

Truth be known, I'm not sure who to believe anymore, Ollie!

Economy could go any direction, depending which events are thrown inta the mix.

It's as unpredictable as forecasting the outcome of the upcoming US Presidential election.

Who's gonna win that one? And the outcome could change everything - including the direction of the US & World economy.

I think all a person can do is to plan for multiple outcomes and budget accordingly. In which case, keeping a contingency fund in case of a worst case scenario isn't such a bad idea. Have some 'Investment Insurance'. So for every dollar invested in the markets, have a dollar in chase & another in gold. Heck even the investment ads from the ultra pro business brokerage industy acknowledge that we live in 'uncertain times' these days & that we should be prepared for (a great deal of) risk.

And yet...I rather enjoy reading your commentary, Ollie. The more opinions thrown in.,..the better. You could be right. Your guess/predictions as good as the next market expert. Some of them made some shit predictions lately, such as stating that First Republic Bank was a good, sound investment before it collapsed, eh?

https://youtu.be/MDOSnfBdM7Q

Gotta be wary of the opinions of some of these 'experts'.

They can spin it any way they want & believe whatever they want themselves too.

But they rarely seem to tell the truth and they are likely shills bought and paid for by the Investment industry.

Title: Re: Money Sense
Post by: Adolf Oliver Bush on June 17, 2023, 03:58:27 AM

~~Quote from: JOE post_id=503542 time=1686969254 user_id=97~~
~~Quote from: "Adolf Oliver Bush" post_id=503494 time=1686906528 user_id=3409~~

TrughSo in short you don't agree with me but you do, is that it? Why yes, yes it is.

"Ahhh, but Ollie" you say, "I think we have a bit more of the slide to go before the precipice, we can giggle like schoolgirls a little longer..."

You're an idiot, friend. If you accept the path you're on is the path to ultimate ruin, any time you spend after that on that path is you indulging in idiocy.

Get off the path and hit the weeds, the bridge is out ahead.

Truth be known, I'm not sure who to believe anymore, Ollie!

Economy could go any direction, depending which events are thrown inta the mix.

It's as unpredictable as forecasting the outcome of the upcoming US Presidential election.

Who's gonna win that one? And the outcome could change everything - including the direction of the US & World economy.

I think all a person can do is to plan for multiple outcomes and budget accordingly. In which case, keeping a contingency fund in case of a worst case scenario isn't such a bad idea. Have some 'Investment Insurance'. So for every dollar invested in the markets, have a dollar in chase & another in gold. Heck even the investment ads from the ultra pro business brokerage industy acknowledge that we live in 'uncertain times' these days & that we should be prepared for (a great deal of) risk.

And yet...I rather enjoy reading your commentary, Ollie. The more opinions thrown in.,..the better. You could be right. Your guess/predictions as good as the next market expert. Some of them made some shit predictions lately, such as stating that First Republic Bank was a good, sound investment before it collapsed, eh?

https://youtu.be/MDOSnfBdM7Q

Gotta be wary of the opinions of some of these 'experts'.

They can spin it any way they want & believe whatever they want themselves too.

But they rarely seem to tell the truth and they are likely shills bought and paid for by the Investment industry.

A fool and his money...

Title: Re: Money Sense
Post by: DKG on June 20, 2023, 05:27:30 PM

Oil futures ended lower Tuesday, failing to hold modest, early gains scored after China delivered an interest-rate cut amid concerns over the demand picture from the world's second-largest crude importer.

The People's Bank of China on Tuesday cut both its short- and long-term benchmark lending rates by 10 basis points Tuesday, in an effort to support the nation's slowing economic recovery. The move came after the PBOC last week reduced two key policy rates by 10 basis points each.

Title: Re: Money Sense
Post by: DKG on June 21, 2023, 12:55:06 PM

Federal Reserve Chair Jerome Powell on Wednesday told Congress that, with U.S. inflation well above target, more interest rates are likely this year, although he did not shed any new light on the timing of the moves.

Traders in derivatives markets see almost an 80% chance that the Fed hikes rates by 25 basis points after their July 25-26 meeting, according to the CME's FedWatch tool. The odds of a second hike at any of the Fed's last three meetings of the year are below 20%. Traders see the first cut early next year.

Title: Re: Money Sense
Post by: JOE on June 22, 2023, 09:22:07 AM

~~Quote from: DKG post_id=503898 time=1687366506 user_id=3390~~
Federal Reserve Chair Jerome Powell on Wednesday told Congress that, with U.S. inflation well above target, more interest rates are likely this year, although he did not shed any new light on the timing of the moves.

Traders in derivatives markets see almost an 80% chance that the Fed hikes rates by 25 basis points after their July 25-26 meeting, according to the CME's FedWatch tool. The odds of a second hike at any of the Fed's last three meetings of the year are below 20%. Traders see the first cut early next year.

Powell's discussion yesterday with US Congress members about America's economic outlook seemed rather grim, DKG.

Title: Re: Money Sense
Post by: DKG on June 23, 2023, 09:52:31 AM

Markets and oil prices are extending their slide this week. The Bank of England raised it's prime rate a half point instead of a quarter. Global central banks and not putting the brakes on interest rate hikes and markets are reacting to that.

Title: Re: Money Sense
Post by: DKG on June 24, 2023, 10:19:54 AM

Unless the Federal Reserve starts cutting interest rates, a recession could arrive sometime between the end of this year and the first quarter of 2024. This insane high interest rate policy is setting markets up for a rough twelve to eighteen months and a hard recessionary landing.

Title: Re: Money Sense
Post by: DKG on June 29, 2023, 12:38:21 AM

Canada's consumer price index(CPI) came in at 3.4 percent. This is a full point lower than the previous number. But, there is one area where inflation is soaring--mortgage interest payments. It's time for the BoC to start lowering interest rates.

Title: Re: Money Sense
Post by: Herman on July 06, 2023, 11:54:53 PM

Canada recorded a surprise trade deficit in May, a sign economic growth may be slowing,

Title: Re: Money Sense
Post by: Melson Gibson on July 07, 2023, 01:10:03 AM

~~Quote from: Herman post_id=505584 time=1688702093 user_id=3396~~
Canada recorded a surprise trade deficit in May, a sign economic growth may be slowing,

Things are slowing. My truck has been parked more than it has been running this year. It's a good indicator of what's going on. My work is not just new houses, but roads, industrial expansions, etc. Everything built or expanded needs a dump truck for the initial or final construction process. Even people doing yard reno's needing topsoil, road base to fix their gravel driveways, etc.

Pretty much everything has dried up to the point where it makes sense for me to let the insurance lapse, leave the thing parked, and go work for someone else doing whatever.

Title: Re: Money Sense
Post by: Herman on July 07, 2023, 01:18:43 AM

~~Quote from: "Melson Gibson" post_id=505590 time=1688706603 user_id=3397~~
~~Quote from: Herman post_id=505584 time=1688702093 user_id=3396~~
Canada recorded a surprise trade deficit in May, a sign economic growth may be slowing,

Things are slowing. My truck has been parked more than it has been running this year. It's a good indicator of what's going on. My work is not just new houses, but roads, industrial expansions, etc. Everything built or expanded needs a dump truck for the initial or final construction process. Even people doing yard reno's needing topsoil, road base to fix their gravel driveways, etc.

Pretty much everything has dried up to the point where it makes sense for me to let the insurance lapse, leave the thing parked, and go work for someone else doing whatever.

Ya? I thought construction was still doing pretty good. I am just basing that on what I see down in Swift Current or in Regina. But, I guess things aint as good as I thought.

Title: Re: Money Sense
Post by: Melson Gibson on July 07, 2023, 01:30:49 AM

~~Quote from: Herman post_id=505592 time=1688707123 user_id=3396~~
Ya? I thought construction was still doing pretty good. I am just basing that on what I see down in Swift Current or in Regina. But, I guess things aint as good as I thought.

The trades guys seem to keep busy enough, but actual land prep work like what I'd do, the phone barely rings.

Then you have guys that want topsoil/gravel for their yard, I quote them a price (I keep my prices fair and competitive), and I don't hear back. I don't think it's so much them finding anyone else cheaper, but moreso they don't realize the cost.

I can't access good topsoil for less than $50 yard (customers want good topsoil), so they want a full load because I bill the trucking separately and the rate is the same whether loaded, half loaded, or empty, which is common industry practice.

So $750 for 15 yards (basically a full load), plus $250 for two hours of trucking (I won't bill out less than two hours, but that is a very competitive rate for this region. Many guys won't go below $135/hour).

I honestly don't think they have the $1,000 to spend for the project they envisioned.

Title: Re: Money Sense
Post by: Herman on July 07, 2023, 01:31:50 AM

~~Quote from: "Melson Gibson" post_id=505598 time=1688707849 user_id=3397~~
~~Quote from: Herman post_id=505592 time=1688707123 user_id=3396~~
Ya? I thought construction was still doing pretty good. I am just basing that on what I see down in Swift Current or in Regina. But, I guess things aint as good as I thought.

The trades guys seem to keep busy enough, but actual land prep work like what I'd do, the phone barely rings.

Then you have guys that want topsoil/gravel for their yard, I quote them a price (I keep my prices fair and competitive), and I don't hear back. I don't think it's so much them finding anyone else cheaper, but moreso they don't realize the cost.

I can't access good topsoil for less than $50 yard (customers want good topsoil), so they want a full load because I bill the trucking separately and the rate is the same whether loaded, half loaded, or empty, which is common industry practice.

So $750 for 15 yards (basically a full load), plus $250 for two hours of trucking (I won't bill out less than two hours, but that is a very competitive rate for this region. Many guys won't go below $135/hour).

I honestly don't think they have the $1,000 to spend for the project they envisioned.

Hell, that aint a good sign.

Title: Re: Money Sense
Post by: Melson Gibson on July 07, 2023, 01:40:49 AM

~~Quote from: Herman post_id=505600 time=1688707910 user_id=3396~~
Hell, that aint a good sign.

Then I have people complaining that their gravel driveways are absolute shit, and need some cheap road base to fix it up. I have access to cheaper road base that is fine for driveways, 13 metric tons of that delivered for $500, that's both material and trucking costs all in as long as you're in the local region, but I'm under the impression that even that's a lot for some people... It's "Well, I think maybe I'll get that next month." And then next month comes and I hear nothing.

We may see a lot of wealth around us, but it appears there's a lot of people too who $500 is a lot for them, and they obviously have more important priorities than fixing up their washed out gravel driveways.

Title: Re: Money Sense
Post by: DKG on July 07, 2023, 11:34:24 AM

Shares of Ben & Jerry's Anglo-Dutch multinational parent company Unilever slid 0.8% Thursday after dropping 0.5% the previous day, reported the New York Post.

The stock price closed at $51.31, roughly a dollar below its Monday closing price.

This delta was reflected in a market cap drop of nearly $2 billion, from $130.2 billion to $128.5 billion.

Ben & Jerry's is poised to lose more than just money and customers, unless it is willing to admit that its rhetoric is hollow and its recommendations hypocritical.

Title: Re: Money Sense
Post by: DKG on July 07, 2023, 11:51:26 AM

Hiring slowed but remained sturdy in June as U.S. employers added 209,000 jobs despite inflation, high interest rates and nagging recession fears.

Still, that's the weakest showing since employers shed jobs in December 2020. Economists had estimated that 225,000 jobs were added last month.

Payroll gains for April and May were revised down by a total of 110,000, depicting somewhat weaker hiring in the spring than believed. The May rise in jobs was downgraded to 306,000 from 339,000

The report will likely be well received by a Federal Reserve seeking to cool job and wage growth to tamp down inflation. Still, last month's employment gains were solid and pay increases picked up, developments that could prompt the Fed to resume its aggressive interest rate hiking campaign in a few weeks after pausing in June.

Title: Re: Money Sense
Post by: Frood on July 07, 2023, 11:54:56 AM

I don't believe any figures they release.

It's a Punch and Judy show.

Title: Re: Money Sense
Post by: DKG on July 07, 2023, 11:59:25 AM

~~Quote from: Frood post_id=505680 time=1688745296 user_id=1676~~
I don't believe any figures they release.

It's a Punch and Judy show.

They are often revised months later, so I can understand a bit of cycnicism.

Title: Re: Money Sense
Post by: Frood on July 07, 2023, 12:09:16 PM

~~Quote from: DKG post_id=505681 time=1688745565 user_id=3390~~
~~Quote from: Frood post_id=505680 time=1688745296 user_id=1676~~
I don't believe any figures they release.

It's a Punch and Judy show.

They are often revised months later, so I can understand a bit of cycnicism.

Try a year or more for a recession that already happened...

Title: Re: Money Sense
Post by: DKG on July 07, 2023, 12:10:29 PM

~~Quote from: Frood post_id=505685 time=1688746156 user_id=1676~~
~~Quote from: DKG post_id=505681 time=1688745565 user_id=3390~~

They are often revised months later, so I can understand a bit of cycnicism.

Try a year or more for a recession that already happened...

There has already been one technical recession under Biden's watch. Pent up consumer demand after lockdowns hid it though.

Title: Re: Money Sense
Post by: DKG on July 07, 2023, 04:01:04 PM

More than one quarter of new jobs created last month in the US(60,000) were civil service postions suggesting job creation is slowing. We shall see in the next three months if it becomes a downward trend.

Title: Re: Money Sense
Post by: DKG on July 07, 2023, 04:02:20 PM

Canada's economy added far more jobs than expected in June, data showed on Friday, a result analysts said probably seals the deal for another Bank of Canada (BoC) interest rate hike next week.

Jobs increased by a net 59,900 in June, the most since January and higher than a forecast gain of 20,000, while the jobless rate rose to 5.4% from 5.2% as more people searched for work, Statistics Canada data showed on Friday.

The unemployment rate in June increased for the second consecutive month and is now at its highest level since February 2022, though still below a pre-pandemic 12-month average, Statscan said.

The June jobs report is the last major economic figure to be released before the BoC's rate announcement on Wednesday.

Title: Re: Money Sense
Post by: DKG on July 12, 2023, 09:25:33 AM

Consumer prices rose 3% last month compared to a year ago, marking a significant slowdown and raising hopes that a prolonged bout of heightened inflation is nearing its end.

All the major indices were up yesterday on the news of slowing inflation.

Title: Re: Money Sense
Post by: Oerdin on July 12, 2023, 04:06:37 PM

The economy is so bad they have deflation in Communist China.

Title: Re: Money Sense
Post by: DKG on July 12, 2023, 05:12:30 PM

~~Quote from: Oerdin post_id=507073 time=1689192397 user_id=3374~~
The economy is so bad they have deflation in Communist China.

If that is true, it is very bad for global growth.

Title: Re: Money Sense
Post by: DKG on July 21, 2023, 02:46:43 PM

The Fed is expected to the prime rate one quarter of a percentage point next. The markets have had an excellent week, but are rather flat today. They have baked in the expected increase.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: DKG on July 27, 2023, 08:05:11 AM

The US Fed printed so much money for COVID that now, despite tight monetary policies, prices are still coasting at near-record highs for vital goods. The only effects of the tightening monetary policies are restricting credit and pushing us into a recession. In other words, we are trapped in a vicious cycle of stagflation in which the debt will continue to keep commodity prices higher, which will induce monetary tightening that dampens the economy without fundamentally lowering prices.

When June's CPI numbers were published, one would think we killed inflation. The headlines everywhere proclaimed the end of inflation. The reality is that most prices remain at extremely elevated levels; it's just that they are not growing as quickly as during the extreme shock period of the initial Russian invasion and corresponding policy responses. However, we have not reversed those trends at all: 4.8% core inflation built on top of the past two years is actually reflective of astoundingly stubborn prices.

Taken as a whole, the cost of living is still much higher than pre-COVID levels. Here are the CPI numbers as of June relative to three years ago:

Apparel: +13.6%
Shelter: +16.7%
Food at home: +18.5%
Home prices: +38.6%
Rent:+24%
Food away from home: +20.8%
New Cars: +22.1%
Used Cars: +46.9%
Electricity: +24.5%
Gas Utilities: +30.3%
Transportation: +30.3%
Gasoline: +70.2%
Of course, the rate of increase is not going to continue to be as acute in perpetuity, but why are we not going back to some semblance of pre-COVID or pre-Russian war levels of pricing as we did on just a few items, such as eggs?

In fact, commodity prices are actually now accelerating again in July since the last CPI report. When analyzing the cost of living, one of the best indicators is the Commodity Research Bureau Index, which measures the aggregated price direction of 19 critical commodity sectors and is widely viewed as an accurate reflection of where prices are headed in the coming weeks. As you can see, it is now headed up again, gaining more than 2%, after leveling off the past year. The index is over 50% higher than pre-COVID levels.

Wheat is trading roughly 50% higher than during pre-COVID levels, rising precipitously from the levels in May when the federal government announced inflation was slowing.

We are seeing the same trend with corn, which is about 60% higher than pre-COVID levels and has gone up 15% in the past few weeks.

Many other vital commodities that skyrocketed either after COVID or the Ukraine war only receded partially from record levels and are now headed back up. Rice is on its way up and is trading 32% higher than when Biden took office. Coffee is up 60% from the pre-COVID baseline.

As for the price of oil, after stabilizing this spring, it is now headed up again.

So, after Biden tapped out our Strategic Petroleum Reserve, we have nothing to show for it but gasoline prices still elevated at $3.60. Now it will be off to the races. Moreover, now we will have to refill the SPR at higher prices. The White House promised to refill it when the price was closer to $70. Instead, the administration continued raiding the supplies throughout May and June, taking our inventory down below 350 million barrels for the first time since the early 1980s, when our country was much smaller.

The fact that these commodities are still rising – even with a sluggish economy, reduced consumer spending, and locked-up credit markets – suggests that we are now headed into an era of "sticky" resilient inflation that persists in a slow economy. In another sign of a weakening economy, the S&P Global U.S. Flash Composite PMI fell 1.2 points to 52 in July. Chris Williamson, chief business economist at S&P Global Market Intelligence, warned that this is a sign of stubborn inflation persisting alongside (and inducing) a slow economy:

Title: Re: Money Sense
Post by: DKG on July 27, 2023, 08:12:03 AM

The Federal Reserve resumed lifting interest rates Wednesday with a quarter-percentage-point increase that will bring them to a 22-year high.

Fed Chair Jerome Powell said it was too soon to tell whether the hike would conclude a series of increases aimed at cooling the economy and bringing down inflation. The central bank would decide whether to keep lifting rates based on how the economy fares in the months ahead, "with a particular focus on making progress on inflation," he said at a news conference.

Markets were mixed after the Fed decision. The S&P 500 finished about flat Wednesday, while the tech-heavy Nasdaq moved slightly lower. The benchmark 10-year Treasury yield fell to 3.850% after climbing Tuesday to 3.911%.

Title: Re: investing in the unfortunate case that the NDP wins the election
Post by: JOE on July 28, 2023, 02:20:55 AM

Quote from: DKG on July 27, 2023, 08:05:11 AM
The US Fed printed so much money for COVID that now, despite tight monetary policies, prices are still coasting at near-record highs for vital goods. The only effects of the tightening monetary policies are restricting credit and pushing us into a recession. In other words, we are trapped in a vicious cycle of stagflation in which the debt will continue to keep commodity prices higher, which will induce monetary tightening that dampens the economy without fundamentally lowering prices.

When June's CPI numbers were published, one would think we killed inflation. The headlines everywhere proclaimed the end of inflation. The reality is that most prices remain at extremely elevated levels; it's just that they are not growing as quickly as during the extreme shock period of the initial Russian invasion and corresponding policy responses. However, we have not reversed those trends at all: 4.8% core inflation built on top of the past two years is actually reflective of astoundingly stubborn prices.

Taken as a whole, the cost of living is still much higher than pre-COVID levels. Here are the CPI numbers as of June relative to three years ago:

Apparel: +13.6%
Shelter: +16.7%
Food at home: +18.5%
Home prices: +38.6%
Rent:+24%
Food away from home: +20.8%
New Cars: +22.1%
Used Cars: +46.9%
Electricity: +24.5%
Gas Utilities: +30.3%
Transportation: +30.3%
Gasoline: +70.2%
Of course, the rate of increase is not going to continue to be as acute in perpetuity, but why are we not going back to some semblance of pre-COVID or pre-Russian war levels of pricing as we did on just a few items, such as eggs?

In fact, commodity prices are actually now accelerating again in July since the last CPI report. When analyzing the cost of living, one of the best indicators is the Commodity Research Bureau Index, which measures the aggregated price direction of 19 critical commodity sectors and is widely viewed as an accurate reflection of where prices are headed in the coming weeks. As you can see, it is now headed up again, gaining more than 2%, after leveling off the past year. The index is over 50% higher than pre-COVID levels.

Wheat is trading roughly 50% higher than during pre-COVID levels, rising precipitously from the levels in May when the federal government announced inflation was slowing.

We are seeing the same trend with corn, which is about 60% higher than pre-COVID levels and has gone up 15% in the past few weeks.

Many other vital commodities that skyrocketed either after COVID or the Ukraine war only receded partially from record levels and are now headed back up. Rice is on its way up and is trading 32% higher than when Biden took office. Coffee is up 60% from the pre-COVID baseline.

As for the price of oil, after stabilizing this spring, it is now headed up again.

So, after Biden tapped out our Strategic Petroleum Reserve, we have nothing to show for it but gasoline prices still elevated at $3.60. Now it will be off to the races. Moreover, now we will have to refill the SPR at higher prices. The White House promised to refill it when the price was closer to $70. Instead, the administration continued raiding the supplies throughout May and June, taking our inventory down below 350 million barrels for the first time since the early 1980s, when our country was much smaller.

The fact that these commodities are still rising – even with a sluggish economy, reduced consumer spending, and locked-up credit markets – suggests that we are now headed into an era of "sticky" resilient inflation that persists in a slow economy. In another sign of a weakening economy, the S&P Global U.S. Flash Composite PMI fell 1.2 points to 52 in July. Chris Williamson, chief business economist at S&P Global Market Intelligence, warned that this is a sign of stubborn inflation persisting alongside (and inducing) a slow economy:

....interesting

How long do you think this inflationary cycle will last?

Last time this happened inbthe 1970s commodities also shot up in value and the inflation ended with a terrible recession in the early 80s. But I think commodities also crashed too. And nations whose economies were dependent upon them went through difficult times including Brazil, Canada & Mexico.

And the inflation rate reached double digits towards the end of the 1970s.

Title: Re: Money Sense
Post by: JOE on July 29, 2023, 02:40:50 AM

This analysis cites the Inversion of the Yield curve as an indicator of a coming recession:

https://youtu.be/t7Tlr7Tynl8

Title: Re: Money Sense
Post by: JOE on July 29, 2023, 11:19:26 AM

This 40 year Market Veteran predicts Leaner times & a Lower Stock Market:

https://youtu.be/UdQ8gziQagE

He cites factors such as the slowing economy, business data and the commercial real estate situation in the United States.

Title: Re: Money Sense
Post by: DKG on August 01, 2023, 09:37:48 PM

The amount of sovereign debt in default rose by 35 per cent in 2022 as interest rates climbed , reaching US$558 billion and representing 0.6 per cent of public debt worldwide, according to data gathered by the Bank of Canada and Bank of England.

Tighter financing conditions hit hardest in emerging markets and heavily indebted poor countries, as defined by the central banks.

The amount of debt in default grew even though the number of sovereigns in default shrunk to 84 from 99.

"Debt in default jumped 52 per cent for HIPCs (heavily-indebted poor countries) and 49 per cent for emerging/frontier market sovereigns, but by just two per cent for advanced-economy sovereigns," the Bank of Canada said in a July 31 report.

Title: Re: Money Sense
Post by: DKG on August 02, 2023, 08:51:51 PM

US markets fell in Wednesday trading following the downgrade of US debt from the highest AAA rating to AA+ by rating company Fitch.

Fitch cited "a steady deterioration in standards of governance" as a major reason behind its decision on Tuesday evening.

A major sell-off, led by the technology sector, followed.

The Dow closed 348 points, or 1%, lower in Wednesday trading. The S&P 500 fell 1.4% and the Nasdaq dropped 2.2%, marking its worst performance since February.

The 10-year Treasury yield hit its highest level since November. Bond prices and yields move in opposite directions, so falling Treasuries boost yields.

Tech megacap stocks like Amazon, Meta, Microsoft, Tesla, Nvidia and Apple led market declines. Because the tech sector is so forward-facing, it's particularly sensitive to interest rate changes.

Earnings season, meanwhile, is more than halfway through. About 82% of S&P 500 companies have beaten expectations, according to FactSet data.

Title: Re: Money Sense
Post by: DKG on August 05, 2023, 10:28:07 AM

Stocks closed lower following mixed reports about the U.S. job market and profits at two of Wall Street's most influential stocks.

The S&P 500 fell 0.5% Friday, its fourth straight loss. The Dow Jones Industrial Average lost 150 points, or 0.4%, and the Nasdaq composite fell 0.4%. Treasury yields sank after the government said hiring was a touch weaker last month than expected. That could help keep pressure off high inflation.

Amazon jumped after reporting a much bigger profit than expected. Apple slumped after reporting revenue that just barely topped forecasts.

On Friday:

The S&P 500 fell 23.86 points, or 0.5%, to 4,478.03

The Dow Jones Industrial Average fell 150.27 points, or 0.4%, to 35,065.62.

The Nasdaq composite fell 50.48 points, or 0.4%, to 13,909.24.

The Russell 2000 index of smaller companies fell 3.94 points, or 0.2%, to 1,957.64.

For the week:

The S&P 500 is down 104.20 points, or 2.3%.

The Dow is down 393.67 points, or 1.1%.

The Nasdaq is down 407.42 points, or 2.8%.

The Russell 2000 is down 24.07 points, or 1.2%.

For the year:

The S&P 500 is up 638.53 points, or 16.6%.

The Dow is up 1,918.37 points, or 5.8%.

The Nasdaq is up 3,442.76 points, or 32.9%.

The Russell 2000 is up 196.22 points, or 11.1%.

Title: Re: Money Sense
Post by: DKG on August 09, 2023, 11:04:31 AM

Americans inch closer to debt level breaking point as household borrowing tops $17 trillion

Title: Re: Money Sense
Post by: DKG on August 10, 2023, 12:50:56 PM

A new analysis puts a dollar figure on the cuts Americans could see to Social Security benefits in 2033, when analysts expect payroll taxes that flow into the program won't be enough to cover monthly payments to retirees.

Many Americans have heard about the potential for benefits to be cut a decade from now if no changes are made to the program. To put the impact in more real-world terms — and prod policymakers to act sooner — a new analysis by the Committee for a Responsible Federal Budget calculated the potential hit to annual benefits in dollar terms.

It estimates that a typical, newly retired, dual-income couple would see a drop of about $17,400, amounting to roughly $1,450 a month. Couples who earned more in their careers on average could see roughly $23,000 in benefits cut. And couples with lower earning would see about $10,600 less, representing a larger potential drop as a share of income.

The potential benefit cuts stem from a projection that by 2033 the amount of payroll taxes flowing into Social Security's Old-Age and Survivors Insurance Trust Fund will be less than what's needed to pay full benefits. Social Security is a "pay-as-you-go" system, meaning it can't borrow to address shortfalls.

Title: Re: Money Sense
Post by: DKG on August 11, 2023, 12:09:28 PM

There is a strong possibility stocks and home prices are poised to drop and the US economy is set to cool. Investors will grab larger bond yields, and wary sellers will list their homes eventually leading to a buyer's market.

The S&P 500 has rallied 25% from its October lows, and now trades at more than 22 times earnings. Investors might decide to cut their exposure to stocks, given the growing pressure on corporate profits, and the fact that 2-year and 10-year Treasury yields have jumped to almost 5% and 4% respectively.

The wider US economy has defied recession forecasts and rebounded for a few reasons. Public-spending programs such as the Inflation Reduction Act and CHIPS and Science Act, cost-of-living adjustments to payments for social-security recipients, and inflation-related tweaks to income-tax brackets.

The growth outlook would darken by January or February. A lot of that momentum is going to slow or even hit the brakes. The Fed's rate hikes are going to be felt. The pain has only been delayed.

Title: Re: Money Sense
Post by: DKG on August 11, 2023, 12:23:18 PM

Oil supply being at a 2 year low and demand being at an all time high of 103M bpd should make for an interesting rally in oil prices.

Opec-Plus: July Output Crashes to 2-Year Low
Crude oil production by the Opec-plus alliance was 42 million barrels per day in July, down 800,000 b/d on June and the lowest since August 2021.

Saudi Arabia slashed output by 940,000 b/d, while Iraq, Nigeria and Angola together lifted output by 400,000 b/d, according to preliminary assessments.

Russia's output was 9.52 million b/d, 460,000 b/d below February's level, while crude exports were 4.62 million b/d, down 740,000 b/d from May, indicating that Moscow has fulfilled its pledges.
https://www.energyintel.com/00000189-d7a6-d8ee-a3bb-f7ff335a0000

Title: Re: Money Sense
Post by: DKG on August 14, 2023, 10:23:44 AM

US small business optimism is well below average. The National Federation of Independent Businesses' Small Business Optimism Index was 91.9 in July, although that's still lower than the 49-year average of 98.

These rapid rate hikes that have occurred and the unprecedented speed of these hikes has put small businesses in a difficult position. The cost of capital has gone through the roof.

If you're in the S&P 500, you have no trouble financing your business. You can't say that about small businesses anymore.

Small businesses with five to five hundred employees represent sixty percent of the U.S. economy, which is why this liquidity crunch is a concern.

Title: Re: Money Sense
Post by: DKG on August 16, 2023, 03:15:53 PM

The Bank of Canada will announce whether it will again raise its key interest rate now at 5.0% — thus increasing the cost of mortgages and business and consumer loans — in a bid to lower inflation, a process it began in March 2022 when the key bank rate was a mere 0.25%.

Keep in mind that central bank governor Tiff Macklem wrongly predicted in 2020 — after the pandemic hit — that it was a good time to take out a mortgage or business loan because inflation would remain below the bank's 2% target through 2023.

Title: Re: Money Sense
Post by: DKG on August 17, 2023, 10:41:03 AM

The average retired couple could see their Social Security benefits reduced by $17,400 in 2033 as funding for the program diminishes over the coming decade, according to a recent analysis.

The Social Security program is funded by the Old-Age and Survivors Insurance (OASI) trust fund. Trustees for the Social Security program project that OASI would deplete its reserves by 2033, the Committee for a Responsible Federal Budget (CRFB) pointed out in an Aug. 8 post. At the time, today's 57-year-olds will hit the normal retirement age while the youngest retirees at present will turn 72.

"Upon insolvency, the law mandates that the OASI trust fund can only spend in amounts equal to incoming trust fund revenue, which means that all 70 million retirees, dependents, and survivors—regardless of age, income, or need—will see their benefits cut by 23 percent," the analysis states.

Title: Re: Money Sense
Post by: DKG on August 23, 2023, 03:54:43 PM

Stocks ended lower last week as concerns grew over the rise in long-term treasury yields. The concerns were back on Monday as the 10- and 30-year Treasury yields hit new multi-year highs. The 10-year Treasury yield ended the New York session at 4.339%, its highest level since Nov 6, 2007. The 30-year Treasury yield closed at 4.445%, hitting its highest level since Apr 11, 2007.

Yields, which rise when bond prices decline, generally have an adverse impact on tech and other growth stocks because higher yields reduce the present value of their promised future earnings. The bond selloff comes just days ahead of Fed Chair Jerome Powell's Jackson Hole speech, which hints at how the markets want to position themselves before the speech.

Rising yields have been impacting big tech companies as they tend to make stocks look less attractive to investors. Tech stocks have been largely responsible for the rally in 2023. On Monday, tech stocks held their ground but they have had a disappointing August so far and are down 5.9% for the month.

The rapid slowdown in the Chinese economy has been the other factor driving markets down.

Title: Re: Money Sense
Post by: DKG on August 25, 2023, 02:01:48 PM

Federal Reserve Chair Jerome Powell said Friday in a closely watched speech that the U.S. economy could require further interest rate increases that also highlighted the uncertain nature of the economic outlook.

Title: Re: Money Sense
Post by: DKG on September 01, 2023, 09:01:20 AM

The Federal Reserve's preferred inflation indicator climbed, marking the second consecutive inflationary measure to increase in the past month and revealing that the fight against inflation isn't over. Incomes also slowed while spending surged, suggesting that the U.S. economy could be on the brink of stagflation, an environment of high prices and stagnating growth.

In July, the personal consumption expenditures (PCE) price index rose to 3.3 percent, from 3.0 percent in June and matching the consensus estimate, according to the Bureau of Economic Analysis (BEA). On a month-over-month basis, the PCE rose by 0.2 percent, unchanged from the previous month.

Core PCE, which omits the volatile energy and food sectors, edged up to 4.2 percent year-over-year, from 4.1 percent in the previous month and matching market forecasts. Core PCE also inched higher by 0.2 percent in July, the same as the previous month.

Within the PCE price index, services prices surged by 0.4 percent, and goods prices tumbled by 0.7 percent. Nondurable goods prices were flat.

The US economy added 187,000 jobs in August showing strong, but slowing job growth.

Title: Re: Money Sense
Post by: DKG on September 01, 2023, 02:55:24 PM

The Canadian economy contracted .2 percent in the second quarter. The TSX was up two hundred points this morning on anticipation that the Bank of Canada will halt rate increases. Higher crude prices are also driving the Toronto Stock Exchange.

Title: Re: Money Sense
Post by: DKG on September 02, 2023, 01:05:16 PM

The US jobless rate rose to 3.8 percent in August, up from 3.5 percent in July and the highest since February 2022, the Labor Department said in its employment situation report on Friday.

Employers added 187,000 new jobs last month, more than economists had expected, and up from 157,000 in July, a figure that was revised downward by 30,000.

But the rising unemployment rate suggests that job seekers are spending more time between positions, as the number of openings drops from the dizzying levels seen last year, when companies were desperate for labor.

'We are beginning to see this slow glide into a cooler labor market,' said Becky Frankiewicz, chief commercial officer at the employment firm ManpowerGroup. 'Make no mistake: Demand is cooling off. ... But it's not a freefall.'

The labor force participation rate, which had been flat since March, increased to 62.8 percent, finally reaching a level in line with figures recorded before the pandemic.

The number of 'new entrants' among the unemployed, referring to people with no prior work experience, edged up as well, suggesting that first-time job seekers are spending longer on their job hunts.

Signs of a cooling labor market should be welcome by the Federal Reserve, which has been trying to tame inflation with a series of aggressive interest rate hikes.

The central bank wants to see hiring decelerate, because strong demand for workers tends to fuel rapid wage increases and feed inflation.

Title: Re: Money Sense
Post by: DKG on September 02, 2023, 01:48:58 PM

When 2025 draws to a close, so will many of the sweeping Trump-era GOP tax breaks established by the Tax Cuts and Jobs Act (TCJA) of 2017. While the legislation made some tax cuts to corporate profit permanent, lowered individual tax rates will expire on Dec. 31, 2025, and will revert to pre-TCJA levels.

The TCJA spawned a bunch of changes to the tax code, but here are three key tax adjustments that you'll need to consider before they turn back at the end of 2025.

Income Tax Rates
Although it kept seven income brackets, the TCJA lowered tax rates across the board and restructured bracket spans, making them more agreeable under the TCJA. With the exception of those who were at 10% (those making $11,000 or less) and 35% (those earning $231,251 to $578,125) tax rate levels prior to 2018, all income tax rates decreased when the new laws came into effect.

The top individual tax rate dropped from 39.6% to 37% under the terms of the Tax Cuts and Jobs Act (single filers making $578,126 and over), the 33% bracket fell to 32% ($182,101-$231,250), the 28% bracket to 24% ($95,376-$182,100), the 25% bracket to 22% ($44,726-$95,375) and the 15% bracket to 12% ($11,001-$44,725).

These bracket backslides will mean that every American will need to reassess their spending and tax returns to pay 1% to 4% more in personal taxes unless provisions are extended, revised or made permanent over the next 28 months.

Standard Deduction
Under the Tax Cuts and Jobs Act for the tax years beginning after December 31, 2017, and before January 1, 2026, the standard deduction was nearly doubled for all filing statuses. This led to fewer people itemizing deductions and instead opting for the standard deduction.

The TCJA significantly changed the standard deduction amounts for individuals and families. The standard deductions before the 2017 Tax Year were $6,350 for single filers, $9,350 for heads of household and $12,700 for those married filing jointly.

After the TCJA (2018-2025 tax years), these amounts jumped dramatically. The standard deductions for the 2023 tax year are $13,850 for those single or married filing separately, $27,700 for those married filing separately and surviving spouses and $20,800 for heads of household.

This change aimed to simplify the tax filing process for many individuals and families (Forbes estimates that 90% of taxpayers choose to claim the standard deduction). Claiming the standard deduction made it possible for many to skip the complicated process of itemizing deductions and potentially reduce taxable income.

The TCJA must be extended to help families cope with rising costs.

Title: Re: Money Sense
Post by: DKG on September 23, 2023, 05:34:54 AM

Wall Street and the TSX ended sharply lower on Thursday as Treasury yields surged to multi-year highs and investors grew worried that the Fed's monetary tightening campaign could be in place for longer than expected following the FOMC meeting on Wednesday. All three major indexes ended in negative territory, with the S&P 500 and Nasdaq closing at their lowest since June.

The Dow Jones Industrial Average (DJI) plummeted 1.1% or‎-106.58 (‎-0.31%) points to close at 33,963.84. The blue-chip index recorded its lowest close since July 10.

The S&P 500 declined 1.6% or 72.20 points, to finish at 4,330 points, its lowest close since June 26. Real estate, materials and consumer discretionary stocks were the worst performers.

The TSX slightly fell -0.06% (-12 pts), closed at 19780 points. It fell 5 days in a row, and ended -4.1% (-842 pts) for the week.

Alamos Gold (AGI) largely fell -3.9% (-$0.65), closed at $16.18, the worst % loss in 3 months, fell -3.6% (-$0.61) for the week.

Title: Re: Money Sense
Post by: DKG on September 27, 2023, 02:29:57 PM

The S&P 500 is easing after dropping 1.5% to its lowest level since June. Yesterday, the Dow Jones Industrial Average fell 388 points, or 1.1%, its biggest one-day decline since March. The Nasdaq Composite lost 1.6%.

All three major indexes are heading for a losing week and month.

US home prices climbed to a record high in July, marking the sixth straight month of increases as a tight supply of homes continues to drive up prices, according to the latest Case-Shiller home prices index. The Fed will see the reacceleration of house prices as a reason to keep interest rates higher for longer.

Title: Re: Money Sense
Post by: DKG on September 27, 2023, 02:30:19 PM

Treasury yields eased back from their highest levels in more than a decade. High yields mean bonds are paying more in interest, which makes investors less willing to pay high prices for stocks and other riskier investments.

The yield on the 10-year Treasury pulled back to 4.52% from 4.55% late Tuesday.

It's been generally charging higher as traders accept a new normal where interest rates will stay high for longer. The 10-year yield was at about 3.50% in May and just 0.50% early in the pandemic.

Title: Re: Money Sense
Post by: DKG on September 28, 2023, 09:24:17 AM

The Fed finally admitted high interest rates and inflation will be around longer. Not until 2026 will inflation fall to the sweet spot of 2%, according to the Fed's latest projections. Since its release last week, the forecasts have spooked markets and cemented the idea that higher rates will stick around for longer.

Title: Re: Money Sense
Post by: DKG on October 04, 2023, 10:44:20 AM

US stocks dropped on Tuesday after Treasury yields once again hit a new cycle high.
The 10-year yield jumped to a high of 4.75%, which is well above the 3.64% level it was at a year ago.

Canada's main stock index closed at its lowest point since October last year as part of a pullback that saw sharper drops in U.S. markets.

The S&P/TSX composite index ended down 156.26 points at 19,020.92.

In New York, the Dow Jones industrial average closed down 430.97 points at 33,002.38. The S&P 500 index was down 58.94 points at 4,229.45, while the Nasdaq composite was down 248.31 points at 13,059.47.

The downward trend came after U.S. job opening data surprised to the upside, indicating continued strength in the economy and the potential need for interest rates to go higher.

Tuesday's report showed American employers were advertising 9.6 million job openings at the end of August, much higher than the 8.9 million that economists expected.

The market is now shifting back to interest rates, potentially keeping things higher for longer.

Title: Re: Money Sense
Post by: DKG on October 05, 2023, 01:23:39 PM

Job numbers for September come out tomorrow for both Canada and the United States. It's expected to show slowing economies in both countries with much lower job gains. In Canada, the unemployment rate has been ticking up slightly for months. The labour participation dropped slightly too which is a bad indicator.

The Dow is down again today in anticipation of the September employment numbers release. The TSX is essentially flat after oil and gas stocks got hit hard yesterday.

Title: Re: Money Sense
Post by: DKG on October 06, 2023, 11:12:20 AM

Both Canada and the US had the best months for jobs since January. But, in Canada, it is driven by the low quality education services and in the US health care is the biggest source of job gains.

Tech and communication stocks are the only sector that is doing well this morning.

As long as interest rates stay high or go higher, a hard landing is likely. Right now we are in macro purgatory. This bifurcation of the economy with continuing high interest rates and no end in sight could last well into 2024.

Title: Re: Money Sense
Post by: DKG on October 11, 2023, 09:45:55 AM

Over the past 12 months industrial production has been flat and the ISM Manufacturing Report has been warning of imminent recession.

Despite the warnings from reliable leading indicators, the dominant view now is that there will be a "soft landing" (a slowdown, but no recession).

The ISM Manufacturing New Orders Index (NOI) bounced during September 2023, but its overarching message continues to be that a recession will begin within the next few months.

Despite the warnings from reliable leading indicators, the dominant view now is that there will be a "soft landing" (a slowdown, but no recession). Before discussing what's behind this divergence, we'll review the current messages from some of our favourite leading recession indicators.

The ISM Manufacturing New Orders Index (NOI) bounced during September 2023, but its overarching message continues to be that a recession will begin within the next few months. It would have to rise to 55 to cancel the recession warning.

Title: Re: Money Sense
Post by: DKG on October 19, 2023, 07:40:53 PM

Office space has gone from a necessity to a liability in just a few short years, sparking concerns about a collapse in commercial real estate values across North America.

As Kevin O'Leary said, "No one saw this coming." The issue will manifest itself in the regional banking sector. These banks are going to fail because up to 40% of their portfolios are in commercial real estate.

Title: Re: Money Sense
Post by: DKG on November 25, 2023, 11:22:02 AM

Thank you Garraty for fixing my thread for me.

The two biggest mistakes people make are trying to time the market and maintaining highly concentrated investments.

Title: Re: Money Sense
Post by: DKG on November 28, 2023, 09:54:44 AM

Approximately 3.4 million Canadians will renegotiate their mortgages — almost all at a much higher interest. Three quarters of them are worried about the looming transaction.

That is about $900 billion owing. This country's economy is on very shaky ground.

Title: Re: Money Sense
Post by: JOE on November 28, 2023, 11:55:25 AM

Quote from: DKG on November 28, 2023, 09:54:44 AMApproximately 3.4 million Canadians will renegotiate their mortgages — almost all at a much higher interest. Three quarters of them are worried about the looming transaction.

That is about $900 billion owing. This country's economy is on very shaky ground.

I've heard that for many, the value of a person's home is tied to their sense of financial worth. So if their homes are worth or assessed less, then they tend to spend less. Which of course isn't favorable for the economy, especially in 2024.

Home prices/values seem to be plumetting almost everywhere these days. Even in high priced Vancouver, where many homes are going unsold or are selling way less than they were in 2022.

Title: Re: Money Sense
Post by: DKG on January 03, 2024, 09:58:44 AM

Income Tax Brackets and Standard Deductions

While tax rates are kept unchanged, the IRS has raised the income level on which such taxes will be charged in 2024:

The lowest 10 percent taxes will apply to individuals making $11,600 or less annually, up $600 from $11,000 in 2023. For married couples filing jointly, the income limit is $23,200, up $1,200 from last year.

The 12 percent rate is applicable to individuals making $11,601 up to a maximum of $47,150, a $2,425 increase from $44,725. For married couples filing jointly, the income limit is $94,300, up $4,850 from last year.

The 22 percent rate is applicable to individuals making $47,151 up to a maximum of $100,525, rising $5,150 from $95,375. For married couples filing jointly, the income limit is $201,050, up $10,300 from last year.

The 24 percent rate is applicable to individuals making $100,526 up to a maximum of $191,950, an increase of $9,850 from $182,100. For married couples filing jointly, the income limit is $383,900, up $19,700 from last year.

The 32 percent rate is applicable to individuals making $191,951 up to a maximum of $243,725, a $12,475 jump from $231,250. For married couples filing jointly, the income limit is $487,450, up $24,950 from last year.

The 35 percent rate is applicable to individuals making $243,726 up to a maximum of $609,350, which is higher by $31,225 from $578,125. For married couples filing jointly, the income limit is $731,200, up $37,450 from last year.

The highest 37 percent rate is applicable to individuals making more than $609,350. For married couples filing jointly, the rate is for incomes more than $731,200.

Overall, income limits for the seven tax brackets have been raised by 5.4 percent for the 2024 tax year from the previous year.

Title: Re: Money Sense
Post by: JOE on January 03, 2024, 12:19:13 PM

I've often wondered why billionaires in the US(and Canada) get their tax rates capped and at least theoretically pay the same % of tax as millionaires. Yet a billionaire is 1000x richer than a millionaire.

Progressive tax rates apply to everybody else except them.

They should tax the billionaires through the nose.

Help reduce the budget deficits.

Title: Re: Money Sense
Post by: TheProwler on January 03, 2024, 09:39:37 PM

Quote from: JOE on January 03, 2024, 12:19:13 PMI've often wondered why billionaires in the US(and Canada) get their tax rates capped and at least theoretically pay the same % of tax as millionaires. Yet a billionaire is 1000x richer than a millionaire.

Progressive tax rates apply to everybody else except them.

They should the billionaires through the nose.

Help reduce the budget deficits.

You know this is "Income Tax", not "Net Worth Tax", right Senile Joe?

You do understand that Net Worth does not factor in when determining an Income Tax rate, right?

Title: Re: Money Sense
Post by: Thiel on January 03, 2024, 09:42:16 PM

Quote from: TheProwler on January 03, 2024, 09:39:37 PMYou know this is "Income Tax", not "Net Worth Tax", right Senile Joe?

You do understand that Net Worth does not factor in when determining an Income Tax rate, right?

Of course Jo Jo doesn't understand the difference. I make the money in our relationship.

Title: Re: Money Sense
Post by: DKG on January 03, 2024, 11:42:03 PM

Here are the changes to CPP deductions starting in 2024.

Middle-income earners will start seeing a larger portion of their paycheques going toward Canada Pension Plan contributions as of Monday.

The CPP includes a new, second earnings ceiling. For those who make more than a given amount, additional payroll deductions now apply.

Previously, everyone earning over the base amount (currently $3,500) contributes a set portion of their income, up to a maximum amount (last year's was $66,600) that increases slightly every year. Those who are self employed pay both the employee and employer portions.

Starting this year, the enhanced pension plan now has two earnings ceilings.

The first tier works similarly to the old system: just like before, workers contribute a set portion of their earnings to CPP, up to a government-set threshold — for 2024, it's $68,500. Those earning that amount or less won't see any changes to their current contribution rates.

What's new, for anyone earning more than that amount, is a second contribution level that tops out at $73,200.

People in this group pay an additional four per cent on their second tier earnings, or the amount they make between $68,500 and $73,200.

For 2024, that means a maximum $188 in additional payroll deductions. Overall, people earning over $73,200 will be contributing an extra $300 in 2024, compared to their previous contribution last year.

Title: Re: Money Sense
Post by: JOE on January 04, 2024, 04:45:20 AM

The 'Santa Claus Rally' which didn't materialize?

...and what it might bode for the rest of 2024.

Title: Re: Money Sense
Post by: DKG on January 04, 2024, 09:31:44 AM

A look at the various tax changes across Canada not including the CPP payroll tax increases that came into effect January 1.

HERE'S HOW MUCH MORE CANADIANS WILL BE PAYING IN FEDERAL INCOME TAX HIKES

"Nearly every Canadian will pay higher federal income taxes in 2024, according to the Canadian Taxpayers Federation (CTF). This includes federal tax increases like the rising payroll, alcohol and carbon taxes, as well as a second Canada Pension Plan tax and increases in maximum pensionable and insurable earnings.
"Citing data from the Fraser Institute, the report notes that the average Canadian family pays 46.1 per cent of its budget in taxes after adding up income taxes, sales taxes, property taxes and all other taxes.

"Here's a look at some of the federal changes:

EMPLOYMENT INSURANCE
"In 2024, both the Employment Insurance (EI) tax rate and maximum insurable earnings in Canada will increase.
"Employees will pay $1,049 and employers $1,469 for EI. This is a rise of $47 for employees and $66 for employers, for those earning $63,200 or more.
"Since 2018, the EI tax has gone up by $191 for employees and $267 for employers. Consequently, total federal payroll taxes (CPP and EI) will amount to $5,104 for workers earning $73,200 or above in 2024, while employers will be on the hook for $5,524.
"Overall, Canadians earning $30,000 to $200,000 will see tax increases ranging from $9 to $347 when considering changes to the CPP and EI taxes.

• CARBON TAX (AND A SECOND CARBON TAX)
"Canada's federal carbon tax will rise from $65 to $80 per tonne on April 1, 2024, increasing the carbon tax rate per litre of gas. This means a higher cost for fueling vehicles, with a family filling a 70-litre minivan expected to pay about $12.32 more per fill-upost provinces and territories will be subject to this increased rate, except Quebec. The government suggests a net benefit for families with rebates, but a Parliamentary Budget Officer report shows the carbon tax will cost the average household between $377 and $911 in 2024-25, even after the rebates.
"A second carbon tax for fuel producers, introduced last year, could further raise fuel prices if producers don't meet the requirements of the regulations.
"Citing the PBO's analysis, the second carbon tax is expected to increase the price of gas by up to 17 cents per litre and cost the average household between $384 and $1,157 annually by 2030.

ALCOHOL TAXES
"Beginning on April 1, 2024, Canadians will pay more for beer, wine and spirits.
"The "alcohol escalator tax" will increase excise taxes in line with inflation. The escalator tax will see a 4.7 per cent rise in federal excise tax on these beverages, resulting in an estimated additional cost of about $100 million to taxpayers for the 2024-25 period.
"According to the CTF, taxes already account for about half of the price of beer, 65 per cent of the price of wine and more than three quarters of the price of spirits.

• DIGITAL SERVICES TAX
"Introduced last November, Canada's new Digital Services Tax (DST) legislation is aimed at large online companies that host and generate marketplaces, social media platforms and online advertising revenue, like Google and Facebook.
"A previous PBO estimate found that DST will cost taxpayers $1.2 billion in 2024, but that revenue estimate depends on when the tax is implemented. Consumers should also expect to pay higher prices due to DST, if recent history repeats.
"When France introduced a three per cent DST in 2019, Amazon raised seller fees for small and medium-sized businesses in France by the same figure. In a statement, Amazon said the tax is directed at the marketplace services it provides to businesses, so it "had no choice but to pass it down to selling partners."
"An economic impact assessment of the French digital services tax shows that about 55 per cent of the total tax burden will be passed on to consumers, 40 per cent to online vendors and only five per cent borne by the digital companies targeted by the new tax," according to the Tax Foundation."

Title: Re: Money Sense
Post by: DKG on January 18, 2024, 07:21:58 AM

As Social Security benefits increased last year, some of the beneficiaries could end up with a higher tax bill for the 2024 tax season.

In 2023, Social Security benefits were raised by 8.7 percent to compensate for the increase in cost of living, with the average retired worker receiving $1,827 a month instead of $1,681, which they got in 2022. Senior citizens who have never paid taxes on their Social Security benefits may now be required to pay taxes as the higher Social Security benefits push them into the taxable category.

Beneficiaries need to pay taxes on their Social Security income if the combined income—the sum total of 50 percent of Social Security benefits plus all other income, including tax-exempt interest—exceeds certain thresholds. The rules for taxation are as follows:

Individual taxpayer: If combined income is between $25,000–34,000, then up to 50 percent of the Social Security benefits may be taxable. However, if the income is greater than $34,000, up to 85 percent could be taxed.

Married couples filing jointly: Up to 50 percent of Social Security income will be taxable if the combined income is between $32,000–44,000. This jumps to 85 percent if it exceeds $44,000.

For instance, an individual collecting $2,000 in monthly Social Security income will receive $24,000 in annual benefits, out of which 50 percent or $12,000 will be used for calculating combined income.

In case the individual makes $10,000 in extra income annually, the combined income will be $12,000 + $10,000 = $22,000. Since this is less than $25,000, no part of Social Security benefits would be taxed.

If the extra annual income comes to $20,000, then the combined income would be $12,000 + $20,000 = $32,000, bringing it in the range of $25,000–34,000. As such, up to 50 percent of the Social Security income could be subject to taxes.

If the person makes $30,000 in extra annual income, the combined income would be $42,000, meaning up to 85 percent of Social Security benefits may be taxed.

Title: Re: Money Sense
Post by: DKG on February 27, 2024, 10:46:11 AM

The signs of economic decline are plentiful, but the central bank's governors somehow keep overlooking them.

Federal Reserve Chairman Jerome Powell, however, has been consistent in his message for months now: no change. Not now, and not soon.

The Fed argues that economic conditions are too good to merit a cut in interest rates and an end to its sales of securities, which tighten the money supply. The main thing we should be worried about is a resurgence of inflation, the Fed insists.

The recent market rise has been entirely due to anticipation of rate cuts. This was disappointing news.

Title: Re: Money Sense
Post by: JOE on February 27, 2024, 10:49:23 AM

Do you think the economy will continue to deteriorate, DKG?

Title: Re: Money Sense
Post by: Lokmar on February 27, 2024, 11:49:33 AM

As long as silver continues to decline so I can keep buying, I'm good!

Title: Re: Money Sense
Post by: Brent on February 27, 2024, 12:05:12 PM

I got a great pension, and my RRSP's have have done well over the last thirty years. If you got a lot of unnecessary debt, you are in trouble. It does not matter how the economy does if you are living beyond your ability to pay.

Title: Re: Money Sense
Post by: Thiel on February 27, 2024, 01:49:30 PM

Quote from: JOE on February 27, 2024, 10:49:23 AMDo you think the economy will continue to deteriorate, DKG?
Don't worry Honey. I will look after you no matter what happens.

Title: Re: Money Sense
Post by: TheProwler on February 27, 2024, 10:41:32 PM

Quote from: DKG on February 27, 2024, 10:46:11 AMThe signs of economic decline are plentiful, but the central bank's governors somehow keep overlooking them.

Federal Reserve Chairman Jerome Powell, however, has been consistent in his message for months now: no change. Not now, and not soon.

The Fed argues that economic conditions are too good to merit a cut in interest rates and an end to its sales of securities, which tighten the money supply. The main thing we should be worried about is a resurgence of inflation, the Fed insists.

The recent market rise has been entirely due to anticipation of rate cuts. This was disappointing news.

The US markets are high.

The TSX in Canada is not high.

IMO, of course.

Title: Re: Money Sense
Post by: Herman on February 28, 2024, 02:15:21 AM

Quote from: TheProwler on February 27, 2024, 10:41:32 PMThe US markets are high.

The TSX in Canada is not high.

IMO, of course.
But, the TSX aint doing too bad lately.

Title: Re: Money Sense
Post by: TheProwler on February 28, 2024, 03:26:00 AM

Quote from: Herman on February 28, 2024, 02:15:21 AMBut, the TSX aint doing too bad lately.

Oh, it is doing well. But it should be. Companies are doing well.

When I said it is not high, I really meant it is not higher than it should be.

I tend to look at the fundamentals more than the price....so if I see a low PE ratio, I will comment on that more than the current price versus the historic price.

Title: Re: Money Sense
Post by: DKG on February 28, 2024, 10:41:08 AM

Quote from: TheProwler on February 28, 2024, 03:26:00 AMI tend to look at the fundamentals more than the price....so if I see a low PE ratio, I will comment on that more than the current price versus the historic price.
That is the way you know if a stock is under or overvalued and it's growth potential too. :thumbup2:

Title: Re: Money Sense
Post by: JOE on March 03, 2024, 01:20:22 PM

Quote from: Lokmar on February 27, 2024, 11:49:33 AMAs long as silver continues to decline so I can keep buying, I'm good!

Well Lokmeer, Gold went up $40 per ounce the other day.

I sometimes think I paid too much for some of the gold I bought. But every time I do, not long afterwards, it keeps goin' up! So...the gold I bought a month ago, is actually worth more than I paid for it, eh? Those $4200 gold coin sets I bought? Well the gold content alone is worth more than their collector value including those fancy cases/boxes they come in. and those boxes are probably worth $50 each.

Actually, It's like gettin a raise for doin' nothin'.

Same time, Silver DID go up the other day. Not as much as gold. But 40 cents per ounce?

Yeah...I'll keep an eye out on silver in the near future. Buy a few ounces here, a few ounces there.

Silver might be good...but I'm keepin' my eye out for other metals too...like Platinum & Palladium.

Haven't paid too much ta copper. Have ya tracked its price? I wonder if other earth metals are a good place to put yer money too.

If they don't go up in the imminent future, they certainly will within the next decade. Probably no later than 2030, eh?

cuz this robotics/AI revolution is gonna require a lotta energy and minerals ta power it, eh? It's not gonna materilize outta thin air, eh?

If ya know what I'm thinkin'....anything related to AI, alternate energy or robotics and the elements/minerals they'll need to power it will surely go up in price. And that probably means copper as well as gold 'n silver. I bet there'll be a lotta new industrial type buildings goin' up to house the new AI infrastructure which contains the robots and computers, etc.

Title: Re: Money Sense
Post by: Lokmar on March 03, 2024, 01:37:33 PM

Quote from: JOE on March 03, 2024, 01:20:22 PMWell Lokmeer, Gold went up $40 per ounce the other day.

I sometimes think I paid too much for some of the gold I bought. But every time I do, not long afterwards, it keeps goin' up! So...the gold I bought a month ago, is actually worth more than I paid for it, eh? Those $4200 gold coin sets I bought? Well the gold content alone is worth more than their collector value including those fancy cases/boxes they come in. and those boxes are probably worth $50 each.

Actually, It's like gettin a raise for doin' nothin'.

Same time, Silver DID go up the other day. Not as much as gold. But 40 cents per ounce?

Yeah...I'll keep an eye out on silver in the near future. Buy a few ounces here, a few ounces there.

Silver might be good...but I'm keepin' my eye out for other metals too...like Platinum & Palladium.

Haven't paid too much ta copper. Have ya tracked its price? I wonder if other earth metals are a good place to put yer money too.

If they don't go up in the imminent future, they certainly will within the next decade. Probably no later than 2030, eh?

cuz this robotics/AI revolution is gonna require a lotta energy and minerals ta power it, eh? It's not gonna materilize outta thin air, eh?

If ya know what I'm thinkin'....anything related to AI, alternate energy or robotics and the elements/minerals they'll need to power it will surely go up in price. And that probably means copper as well as gold 'n silver. I bet there'll be a lotta new industrial type buildings goin' up to house the new AI infrastructure which contains the robots and computers, etc.

Copper is a waste unless you are investing in copper futures or mining stocks which will go up A LOT!

A $1 swing in silver is the same as $88 in gold, josephine. In the last few weeks, silver has swung from low $22 to mid $23.

Title: Re: Money Sense
Post by: JOE on March 03, 2024, 01:55:18 PM

Quote from: Lokmar on March 03, 2024, 01:37:33 PMCopper is a waste unless you are investing in copper futures or mining stocks which will go up A LOT!

A $1 swing in silver is the same as $88 in gold, josephine. In the last few weeks, silver has swung from low $22 to mid $23.

I think silver might be useful in Hard Times (which I believe is coming) because most people probably won't be able to afford gold. But they'll likely be able to afford silver. As you say, what will be tradeable for food? Silver probably.

Gold will be tradeable for large amounts of money & big ticket items/land, but I think it'll be the banks, governments and large financial institutions that'll buy it up (or possbily expropriate it in some countries). But once they do, they won't return it. They'll keep it for themselves. Just like what the Elites/Wealthy on every continent/empire have done throughout history for thousands of years.

But I think silver might end up being traded in the emerging underground economy.

Title: Re: Money Sense
Post by: caskur on March 03, 2024, 02:21:17 PM

Money, rule number 1....

Never not pay bills on time..... NEVER GET YOURSELF in a position where you are fined for not paying bills on time.

Title: Re: Money Sense
Post by: caskur on March 03, 2024, 02:24:19 PM

Quote from: JOE on March 03, 2024, 01:55:18 PMI think silver might be useful in Hard Times (which I believe is coming) because most people probably won't be able to afford gold. But they'll likely be able to afford silver. As you say, what will be tradeable for food? Silver probably.

Gold will be tradeable for large amounts of money & big ticket items/land, but I think it'll be the banks, governments and large financial institutions that'll buy it up (or possbily expropriate it in some countries). But once they do, they won't return it. They'll keep it for themselves. Just like what the Elites/Wealthy on every continent/empire have done throughout history for thousands of years.

But I think silver might end up being traded in the emerging underground economy.

The most valuable commodity of all is clean drinkable water. It is more valuable than gold or silver can ever be.

And fresh food. You cannot eat gold or silver.

Title: Re: Money Sense
Post by: JOE on March 03, 2024, 02:32:35 PM

Quote from: caskur on March 03, 2024, 02:24:19 PMThe most valuable commodity of all is clean drinkable water. It is more valuable than gold or silver can ever be.

And fresh food. You cannot eat gold or silver.

I know that Australia has a shortage of fresh water.
They have many things, but water seems ta be yer guys achiles heel, eh?

Title: Re: Money Sense
Post by: JOE on March 06, 2024, 09:49:00 PM

Here's an Investing perspective from a politically conservative millionaire who appears to be a supporter of Donald Trump whom ya'll seem to adore

The most relevant part of the video is 30:00 onwards:

He more or less says what I've been saying.

-Buy Gold & be wary of an overpriced stock market which he says is at least 150% overvalued & that the days of Big Gains are over. Says he's happy with 5% returns.

-Buy only when there are deals to be had.
-Build a Hedge Fund.
-Prepare for what he says are difficult economic times ahead.

I think TheProwler might want to watch the video & learn a thing or 2.

Title: Re: Money Sense
Post by: caskur on March 07, 2024, 12:08:05 AM

Quote from: JOE on March 03, 2024, 02:32:35 PMI know that Australia has a shortage of fresh water.
They have many things, but water seems ta be yer guys achiles heel, eh?

Yep, water is a problem... both ways actually... too little or too much.

Title: Re: Money Sense
Post by: caskur on March 07, 2024, 12:19:09 AM

Our superannuation fund pays us 9% interest.

Title: Re: Money Sense
Post by: Thiel on March 20, 2024, 01:19:06 PM

A bill announced in the U.S. House could scrap federal taxes on Social Security benefits starting in 2025, while introducing a new funding stream that might keep the program going for an additional 20 years.

The big change in the bill with how benefits are financed has to with the Social Security payroll tax. Employers and employees each pay tax on 6.2% of wages up to a maximum of $168,600 in 2024 — the self-employed pay 12.4% in taxes. The proposed bill would kick the payroll tax back into gear once earnings exceed $250,000, leaning on high earners to increase funding.

These financing measures might allow retirees to afford enjoying their full Social Security benefits. At present, folks with a combined income — which includes your adjusted gross income, plus nontaxable interest, plus half of your Social Security benefits — of $25,000 or more (and couples filing jointly with a combined income of $32,000 or more) currently pay taxes on at least 50% of their benefits. The bill would eliminate these taxes.

According to the SSA, about 40% of people who receive Social Security benefits end up paying taxes on them each year.

Title: Re: Money Sense
Post by: Herman on April 05, 2024, 07:24:39 PM

The Canadian dollar weakened to a four month low against its U.S. counterpart today.

It clawed back some losses as investors raised bets the Bank of Canada would begin cutting interest rates in June following weaker-than-expected jobs data.

Canada's economy shed 2,200 jobs in March, missing estimates for a gain of 25,000, while the jobless rate increased to a new 26-month high of 6.1%.

Title: Re: Money Sense
Post by: Oliver the Second on April 06, 2024, 10:50:29 AM

I put all my money into Brawndo stocks!

(https://i.imgur.com/O0tg8TIm.jpeg)

Title: Re: Money Sense
Post by: caskur on April 07, 2024, 05:34:17 AM

Quote from: Herman on April 05, 2024, 07:24:39 PMThe Canadian dollar weakened to a four month low against its U.S. counterpart today.

It clawed back some losses as investors raised bets the Bank of Canada would begin cutting interest rates in June following weaker-than-expected jobs data.

Canada's economy shed 2,200 jobs in March, missing estimates for a gain of 25,000, while the jobless rate increased to a new 26-month high of 6.1%.

your summer is coming so your jobs sector will inccrease through tourism requirements.

Title: Re: Money Sense
Post by: JOE on April 07, 2024, 02:04:08 PM

Quote from: Herman on April 05, 2024, 07:24:39 PMThe Canadian dollar weakened to a four month low against its U.S. counterpart today.

One possible way to nullify the effects of currency devaluation is to buy silver and gold. Even if they fall in price they are a better bet than saving in Canadian dollars because they will fall faster and further than gold and silver which are denominated in stronger currencies such as the US dollar or the Euro.

If past recessions are any indication, an economic downturn could send the Canadian dollar even further down to below 70 cents US.

So you may as well own gold and silver to absorb the currency shock due to devaluation

Other currencies which are similarly vulnerable include the Australian and New Zealand dollar.

Title: Re: Money Sense
Post by: Herman on April 07, 2024, 07:59:27 PM

Quote from: JOE on April 07, 2024, 02:04:08 PMOne possible way to nullify the effects of currency devaluation is to buy silver and gold. Even if they fall in price they are a better bet than saving in Canadian dollars because they will fall faster and further than gold and silver which are denominated in stronger currencies such as the US dollar or the Euro.

If past recessions are any indication, an economic downturn could send the Canadian dollar even further down to below 70 cents US.

So you may as well own gold and silver to absorb the currency shock due to devaluation

Other currencies which are similarly vulnerable include the Australian and New Zealand dollar.
Whatever you say Joe.

Title: Re: Money Sense
Post by: Thiel on April 10, 2024, 02:44:06 PM

Federal Reserve officials said at their last meeting that they needed more evidence that inflation was heading lower before reducing interest rates. That isn't what the March consumer price index provided on Wednesday.

New consumer price index data for March showing headline inflation accelerated to a 3.5% annual rate from 3.2% in the prior month, and a separate "core" measure excluding food and energy prices stalled at 3.8%.

Title: Re: Money Sense
Post by: DKG on April 15, 2024, 12:27:32 PM

The Chinese yuan has surged past the US dollar to become the predominant foreign currency in Russia. New metrics show a major shift: 42% of Russia's foreign currency transactions now involve the yuan, surpassing the dollar's 35%.

This rise indicates a robust shift towards the yuan, spurred by Russia's need to dodge heavy US sanctions. These sanctions have squeezed Russia out of many global financial markets, prompting a pivot to alternatives like the yuan for trade and offshore transactions.

The currency market is heating up globally. In Asia, nations are on their toes due to the dollar's strength. South Korea, Thailand, and Poland are watching their currency fluctuations closely, ready to intervene if things get shaky. Indonesia is already taking action by offloading US dollars to shore up its own currency.

The situation is stirred further by recent US economic reports showing inflation rates higher than anticipated, hinting that the Federal Reserve might hold off on reducing interest rates. This has kept the dollar robust, complicating efforts in emerging markets to manage their currencies.

Title: Re: Money Sense
Post by: Thiel on April 19, 2024, 05:08:59 PM

Canada's dollar could could drop to fifty cents vs the USD. Our economies are diverging with Canada's economy going in the wrong direction.

This won't happen overnight. But, it is a slow erosion.

Title: Re: Money Sense
Post by: DKG on April 22, 2024, 07:07:46 AM

Forecasts for U.S. home prices suddenly look a lot different compared to just a month ago, according to Freddie Mac's latest outlook.

Price will increase only 0.5% in 2024 and 2025, the mortgage giant said Thursday. That's down sharply from its forecast in March, when it predicted home prices would rise 2.5% in 2024 and 2.1% 2025. The view for 2024 has suffered especially compared to the start of the year, when prices were seen rising 2.8%.

To be sure, a less aggressive trajectory for home-price gains sounds like good news for prospective buyers. But when combined with still-limited inventory and higher-for-longer rates, the overall picture isn't a major improvement.

Title: Re: Money Sense
Post by: Frood on April 22, 2024, 08:28:28 AM

That's a soft cock soft landing piece from MSM pundits who won't starve when it all inevitably implodes into a big FU mushroom spore pop.

Title: Re: Money Sense
Post by: Herman on April 28, 2024, 11:09:14 PM

Don't expect a rate cut from the Fed this week.

Title: Re: Money Sense
Post by: Lokmar on April 28, 2024, 11:12:10 PM

Quote from: Herman on April 28, 2024, 11:09:14 PMDon't expect a rate cut from the Fed this week.

Metals traders are saying a rate increase before years end.

Title: Re: Money Sense
Post by: Herman on April 28, 2024, 11:37:35 PM

Quote from: Lokmar on April 28, 2024, 11:12:10 PMMetals traders are saying a rate increase before years end.
Maybe the Seoul brother will post his insights.

Title: Re: Money Sense
Post by: Lokmar on April 28, 2024, 11:54:28 PM

Quote from: Herman on April 28, 2024, 11:37:35 PMMaybe the Seoul brother will post his insights.

I'd be interested in listening.

Title: Re: Money Sense
Post by: DKG on April 29, 2024, 07:14:07 AM

Quote from: Herman on April 28, 2024, 11:37:35 PMMaybe the Seoul brother will post his insights.
I am super busy until the end of corporate tax season at the end of June.

But, I can say that the market is looking for clues on rate cuts. At the beginning of the year, traders thought the Fed would rapidly unwind its historic bout of interest rate rises with as many as six interest rate cuts expected throughout 2024. Hot inflation and continued strong growth has dampened these bets, with some economists suggesting the Fed will wait until 2025 to cut interest rates.

Title: Re: Money Sense
Post by: JOE on May 06, 2024, 01:34:10 AM

Don't know if any of you own shares in TD or not.

This video says they aint doin' so great lately

...perhaps it would interest TheProwlerT he Prowler.

Title: Re: Money Sense
Post by: Thiel on May 07, 2024, 05:52:07 PM

An analysis from University of Pennsylvania researchers estimates the U.S. has about 20 years before its debt levels become unsustainable.

Title: Re: Money Sense
Post by: DKG on May 14, 2024, 09:52:34 AM

Almost half of American families don't have a dedicated retirement savings account, according to the Federal Reserve's 2022 Survey of Consumer Finances. The survey, which includes the latest government data, reveals only 54.4% of American families reported having dedicated retirement accounts such as a 401(k) or IRA.

While it's possible they may be saving for retirement outside of these accounts, few survey respondents reported having other investments. For instance, only 1.1% directly hold bonds and only 21% directly hold stocks.

Many Americans relying solely on Social Security benefits to carry them through their golden years may be in for a rude awakening. The average benefit for a retired worker is $1,907 a month, according to the Social Security Administration, which works out to $22,884 per year. This isn't far above the 2022 poverty threshold of $17,710 for a person over 65 in a two-person household, per Census Bureau data.

THeBlueCashew

General Discussion => The Flea Trap => Topic started by: Anonymous on August 20, 2015, 08:46:39 PM