I live in the USA and I am concerned about the future. I created this blog to share my thoughts on the economy and anything else that might catch my attention.
Another look a NVDA
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I've looked at NVDA a couple times, in *August 2023 *and *January 2024*.
On Saturday 8/26/23 I said the action in NVDA stock looked like it was
topping....
Quantifying Trickle Down in Real Average Earnings
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I studied a handful of economic measures to see their affect on Real
Average Earnings. I used the following series from the St. Louis Fed FRED
system:
...
NEW YORK (AP) — Treasury prices dropped Thursday as credit ratings agency Standard & Poor's raised questions about the ability of governments to stimulate the economy with public spending.
That's going to do wonders for the housing market and the unemployment situation no doubt. NOT!
6 comments:
mab
said...
Stag,
Yesterday, Great Britain was put on negative credit watch by one of the major rating agencies.
The downgrade would have been a big nothing burger for me, except for the fact that the British pound rallied against the dollar. That might be a cause for CONcern.
The era (error) of least worst is upon us. And somehow I don't think you need to be the best or the brightest to successfully implement a "competitive" devaluation.
The next story of a Chrysler dealership being stolen from its rightful owner is that of George C. Joseph--the sole owner of Sunshine Dodge-Isuzu in Melbourne, FL. Joseph writes: “On Thursday, May 14, 2009 I was notified that my Dodge franchise, that we purchased, will be taken away from my family on June 9, 2009 without compensation and given to another dealer at no cost to them. My new vehicle inventory consists of 125 vehicles with a financed balance of 3 million dollars. This inventory becomes impossible to sell with no factory incentives beyond June 9, 2009. Without the Dodge franchise we can no longer sell a new Dodge as “new,” nor will we be able to do any warranty service work. Additionally, my Dodge parts inventory, (approximately $300,000.) is virtually worthless without the ability to perform warranty service. There is no offer from Chrysler to buy back the vehicles or parts inventory.”
Maybe the fed isn't trying to destroy the dollar so much as they are trying to destroy all market price signals. Once price signals are utterly destroyed we will have a total casino eCONomy. Long term, everyone will be a loser - except the house.
The business investment decision process will be as follows:
Should we expand production this year? Yeah, let's do it, I'm feeling lucky!
"Should we expand production this year? Yeah, let's do it, I'm feeling lucky!"
Hmm... gambling and production? YES! I LOVE IT!
Baby Needs New Shoe production!
I'm telling you, "Baby Needs New Shoe" is going to be a huge broadway hit! Much bigger than Cats!
I think we've just stumbled upon Americas next growth engine! It boggles my mind just how many hundreds of workers we could employ, assuming we can get the needed funding from the insolvent banking system that is.
On the off chance we can't, I do have a backup idea though.
Baby Needs New Chinese Shoe production!
It's actually a Chinese Shoe production about Chinese shoe production!
I've never been more optimistic!
Oh yeah, I'm feeling the dark sarcastic gallows humor this morning. No doubt about it.
Posts
6 comments:
Stag,
Yesterday, Great Britain was put on negative credit watch by one of the major rating agencies.
The downgrade would have been a big nothing burger for me, except for the fact that the British pound rallied against the dollar. That might be a cause for CONcern.
The era (error) of least worst is upon us. And somehow I don't think you need to be the best or the brightest to successfully implement a "competitive" devaluation.
mab,
"And somehow I don't think you need to be the best or the brightest to successfully implement a "competitive" devaluation."
It's a game that all central bankers can win. There's no need to even be the fastest.
From 2007...
http://news.bbc.co.uk/2/hi/business/6982749.stm
"Zimbabwe has devalued its currency as part of its battle to tackle its deepening economic crisis."
Nothing beats making the currency worthless.
"Unemployment stands at about 80% and there are mass shortages of fuel and foodstuffs."
Yeah, but think how bad it would have been with a stable currency?
"Critics have blamed President Mugabe's policies, especially the seizure of farms, for ordinary Zimbabweans' hardship."
Couldn't happen here though.
"Obama Seizes Individually Owned Business"
http://canadafreepress.com/index.php/article/11287
The next story of a Chrysler dealership being stolen from its rightful owner is that of George C. Joseph--the sole owner of Sunshine Dodge-Isuzu in Melbourne, FL. Joseph writes: “On Thursday, May 14, 2009 I was notified that my Dodge franchise, that we purchased, will be taken away from my family on June 9, 2009 without compensation and given to another dealer at no cost to them. My new vehicle inventory consists of 125 vehicles with a financed balance of 3 million dollars. This inventory becomes impossible to sell with no factory incentives beyond June 9, 2009. Without the Dodge franchise we can no longer sell a new Dodge as “new,” nor will we be able to do any warranty service work. Additionally, my Dodge parts inventory, (approximately $300,000.) is virtually worthless without the ability to perform warranty service. There is no offer from Chrysler to buy back the vehicles or parts inventory.”
Stag,
Maybe the fed isn't trying to destroy the dollar so much as they are trying to destroy all market price signals. Once price signals are utterly destroyed we will have a total casino eCONomy. Long term, everyone will be a loser - except the house.
The business investment decision process will be as follows:
Should we expand production this year? Yeah, let's do it, I'm feeling lucky!
mab,
"Should we expand production this year? Yeah, let's do it, I'm feeling lucky!"
Hmm... gambling and production? YES! I LOVE IT!
Baby Needs New Shoe production!
I'm telling you, "Baby Needs New Shoe" is going to be a huge broadway hit! Much bigger than Cats!
I think we've just stumbled upon Americas next growth engine! It boggles my mind just how many hundreds of workers we could employ, assuming we can get the needed funding from the insolvent banking system that is.
On the off chance we can't, I do have a backup idea though.
Baby Needs New Chinese Shoe production!
It's actually a Chinese Shoe production about Chinese shoe production!
I've never been more optimistic!
Oh yeah, I'm feeling the dark sarcastic gallows humor this morning. No doubt about it.
flin,
Stop spamming me.
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