Great Depression of 2016

[MrsBrooke]

DENNIS!! -waves-

If the sun explodes, we won't know it for eight minutes, they say.

Cool shades, man.

MrsB

 

[rufus]

Eight minutes! Not enough time to sell off that old Solar City stock.

 

[rufus]

I see Macy's is closing even more stores.

 

[MrsBrooke]

Probably nothing to worry about.

People are just ordering more on Amazon.

I mean, look at the stock! That's gotta be the best judge of a company's profitability, right??

Or... maybe Amazon is buying back their own stock to raise the price?

http://www.forbes.com/sites/charley...osted-its-stock-buyback-program/#7f6fa5cb5cd5

Hmm..... Why would they be doing this, one wonders?

MrsB

 

[rufus]

Perhaps it is the world's central bankers buying equities as they flee from the dollar? I read that one of the major buyers of US stocks was the Japanese banks. It seems as if they are trying to prolong the bubble until after the election.

Who would buy bonds now? Debt instruments are a hard sell as long as there is money available for next to nothing. The US government sells the fed worthless bonds in exchange for soon to be worthless dollars. Foreigners borrow US dollars for next to nothing, and then they buy US stocks and real estate.

Why would companies buy back their own stock now since earnings seem to be flat? http://blogs.wsj.com/moneybeat/2014/06/29/stocks-biggest-gains-are-an-inside-job/

Then there is this: http://www.msn.com/en-us/money/companies/cisco-to-cut-nearly-14000-jobs/ar-BBvIxVd

How many of these jobs cut will be in the US and how many abroad?

The globalist are trying to bring up six billion people upon the backs of 350 million Americans. It won't work. The end result will be uniform poverty.

 

[rufus]

I see the fed isn't raising interest rates. But they floated a rumor that they might just do that. Let's see what a rumor can do? Next meeting is September 20th, I believe.

Will the banks fail? Will there be a buy in where the depositors' funds will save the bank? If so, I suspect it will start with the Italian banks and then on to the Spanish and Portuguese Banks, thus taking down Deutsche Bank.

Still, my wife will not remove our savings from B of A. She sees it as being too big to fail.

 

[rufus]

P. S. I see where Fiat Chrysler will no longer make passenger sedans in the US, but will move that production to Mexico.

 

[rufus]

Interesting reading: http://www.telegraph.co.uk/business/2016/08/19/rbs-biggest-customers-face-negative-rates/ and http://www.bullfax.com/?q=node-bank-ireland-and-rbs-charge-negative-interest-rates-dep

 

[oldrooster]

P. S. I see where Fiat Chrysler will no longer make passenger sedans in the US, but will move that production to Mexico.

I think that is rather funny, "foreign" car companies are building more and more cars in the USA.....

 

[rufus]

I see where Ford will now make all of its small cars in Mexico. Just what is a small car? The last time I rented a car, they charged me extra for a full size vehicle. It turned out to be a PT Cruiser. If that is a full sized car, what is a small car?

Ford makes Lincolns in Hermosillo. They turn out a real nice car; too bad I can't afford one.