Money Sense

[Anonymous]

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.

[Anonymous]

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.

[Frood]

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....

[Thiel]

Markets are reacting to the pandemic shortages exacerbated by the sanctions on Russia.

[Thiel]

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.

[Anonymous]

Markets are reacting to the pandemic shortages exacerbated by the sanctions on Russia.

It's not a normal market cycle.

[Thiel]

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.

[Thiel]

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

[Anonymous]

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.

[Anonymous]

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.

[Frood]

Markets are reacting to the pandemic shortages exacerbated by the sanctions on Russia.

And the unchecked printing of dollars...

[Anonymous]

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.

[Thiel]

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.

[Frood]

Everybody will be paper broke soon....

[Anonymous]

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