Stock Market Soars to All Time High
- Thread starter Curiosity
- Start date
TYpical LIE-beral attitude to stock markets- its a huge playgorund for thieves and fakes and frauds creating money out money out of thin air- and it can vanish just as easily! But the thieves WILL keep the real merchandise they bought with fake money- they are just like medieval alchemists spinning lead into gold- and just as reliable!
Here is an article illustrating the bad economic medicine being forced upon us by wretched LIE-berals who are desperate to cling to power at any price. With some comments of my own in brackets):
SHAVER: Good economy, bad medicine
Postmedia: News, Published: December 16, 2017, Updated: December 16, 2017 6:45 PM EST
Filed Under: Toronto SUN/ Opinion/ Columnists
Dr. Charles Shaver, Special to the Toronto Sun
It was the best of times, it was the worst of times. Canada’s unemployment rate dropped to 5.9% in November. The 0.4% decrease was the largest one-month decline since 2005, three years before the great recession of 2008.
(And LIE-berals do NOT want us to notice that employment rates jump every autumn as stores gear up for christmas! Nor do they want us to notice the wave of layoffs that occur AFTER christmas! And they CERTAINLY do not want to discuss how many of the jobs pay crappy wages with short hours etc!)
The Organization for Economic Cooperation and Development predicts 2.8% growth for Canada during 2017 – the highest of any G7 country.
(Yes- LIE-berals DO LOVE cherry picking through results- that great growth is going to DIE- along with NAFTA UNLESS Our idiot Boy Justin recognizes that he must step up our national security- Yankees do not want to import Muslim terror along with their Cdn dairy and softwood lumber!)
Paradoxically, Finance Minister Bill Morneau’s fall economic statement predicted a federal deficit of $19.9 billion in 2017 – still more than double that promised by Prime Minister Justin Trudeau in the 2015 Liberal election campaign.
(One has to ask how much of that economic “growth” is the temporary result of an infusion of borrowed money that we WILL have to pay back later- WITH interest! Some years back Toronto (RED) Star did an article on the “New Deal” offered to Yankees during the Dirty Thirties by newly elected president Roosevelt and the results were predictable! Economic health in United States recovered to some degree- and slid right back just as soon as the govt spending tap was shut off!)
( Some socialist airheads suggest that the New Deal did not work because Roosevelt was not bold enough and did not borrow enough to produce concrete results- but we in Ontari-owe KNOW this is CRAP! WE have solid PROOF- we have only to look at the 4 year disaster of NDP premier Bob (BOOB!) RAE who doubled Ontari-owe debt in a vain attempt to spend us rich! As I have said before, Our idiot Boy Justin is convinced that he can make us rich with borrowed money in defiance of reason, logic and previous govt experience! Borrowed money did not work for Roosevelt, did not work for Boob Rae and will not work for Our idiot Boy either!)
Finance Minister Bill Morneau. THE CANADIAN PRESS/Sean Kilpatrick
On Dec. 11, Ontario’s Financial Accountability Office, echoing earlier warnings from Ontario Auditor General Bonnie Lysyk, predicted a $4 billion provincial deficit for 2017-18, despite claims by Premier Kathleen Wynne’s government that its 2017 budget is balanced.
(It’s a pity there is no criminal charge we can lay immediately in exchange for that grossly irresponsible LIE-beral accounting! LIE-berals must be severely punished at the polls next June or there will be no stopping them from putting our ENTIRE country into fiscal cuckoo land- using accounting methods NEVER TAUGHT at any legitimate school of business! Such a distortion of truth by the most unpopular premier in Cdn history sets an UGLY precedent and is dangerous stuff!)
Alberta predicts a $10.3 billion deficit this year and a total debt of $42 billion next year, as a result. Its credit rating was recently downgraded by the DBRS.
Contrast that with federal surpluses in past years, during “good times.”
(With all due respect to those “good times” they were the result of an oil shortage that is currently temporarily in abeyance! We CAN expect that $1.40 a litre gas will come back- along with a mass of new LIE-beral carbon taxes- eventually!)
Ontario auditor general Bonnie Lysyk, releases special report on the Fair Hydro Plan at Queens Park in Toronto, Ont. on Tuesday October 17, 2017.
Perhaps because of this new phenomenon of rising government deficits in “good” economic times, the October health ministers’ conference in Edmonton paid little attention to the all-important issue of ensuring the financial sustainability of health care.
(LIE-berals have rre-defined “good times” away from any fiscal responsibility and now the phrase simply means any situation that is good for LIE-berals! LIE-berals have been trumpeting their fake news- claiming that our economy is “booming” and their claims illustrate the HUGE disconnect between LIE-berals and their civil service union Hog allies on one side- and the mass of ordinary Cdns on the other! LIE-berals and Hogs are living very nicely thank you on the borrowed money that the rest of us are struggling and failing to pay back!)
With deficits federally and in most provinces, and a reduction in the annual rate of increase of federal health transfer payments to the provinces, surely we need to be open-minded and creative in looking for new sources of revenue to fund health care.
Even if this means amending existing federal and provincial health legislation and changing the way things have always been done up to now.
There is only one taxpayer.
(Yes indeed there IS only one level of tax payer- being looted by FOUR levels of govt! New revenue tools are not the answer. Govt spends SEVENTY FIVE PERCENT of total tax revenue on salaries and pensions for Hogs- with Hogs getting at least one third more in pay than private sector workers- without honestly factoring in the solid gold pensions being offered to Hogs!)
(The solution is NOT new revenue tools as these tools will only worsen the disparity between Hogs and us others! Hog greed is the driver of inflation in these modern times- with desperate LIE-berals seeking to cling to power by BUYING Hog votes at any price! New revenue tools will only INCREASE Hog demands for more gravy- as Hogs expect to be immune to the revenue tools that will further blight the lives of ordinary people! If LIE-berals actually wanted a fair and honest new revenue tool they need only start making civil service Hogs pay the same health levy the rest of us pay! One employed Cdn in three works for govt and NONE of them pay the health levy! How fair is that? And our hypocrite LIE-beral Wynne-bag keeps telling us she is all about “FAIRNESS”? HAHAHAHA!)
The solution is not simply raising taxes and demanding restoration of previous federal transfer payment increases.
(Oh! There is more fake news- federal LIE-berals are offering up exactly the same federal health transfers as the Harper govt did- for a decade! With federal LIE-berals also offering up extra money to repair transit infrastructure such as track switches and signals. The truth is that NO level of Cdn govt has any intention of even trying to live within OUR means- and there is not enough money in the world to satisfy Hog greed!)
Nor does it lie in hiring more hospital or OHIP administrators, laying off more nurses, cutting physicians fees, closing more hospital beds, or reducing elective operating room time.
(The only area of growth and prosperity within our health care system is in administrative services- the people who cut the cheques for laundry and meal services while LIE-berals CUT the budgets of brain surgeons and cancer care specialists and they FIRE the cleaners that are responsible for keeping patients relatively safe from deadly antibiotic resistant diseases that are reaching epidemic proportions in hospitals! It is remarkable how many Cdns have either been exposed themselves or who have a friend or relative who has experience of these deadly new diseases that are the natural result of FILTHY conditions in hospitals!)
Morneau’s botched tax reform plan may well only exacerbate the problems running rampant in the delivery of health care. Already, many doctors are retiring earlier due to burnout, especially female physicians and those working in rural areas.
(Already Ontari-owe has the lowest number of doctors in proportion to population of any Cdn province! Along with fewer available drug options as well! This is NOTHING for LIE-berals to boast about! IN fact Cdn media has told us that the Ont\ri-owe health care budget is rising HALF as fast as the education budget- IN SPITE of numbers of students falling while numbers of hospital patients grow rapidly- LIE-berals have decided they would rather buy teacher Hog votes!)
A new Canadian Medical Association Journal article reported that in British Columbia, 40% of MDs reduced their practice activity at least 10% leading up to retirement.
(Cdn news media has told us that an increasing number of general medical practitioners are women- and they do NOT put in the LONG hours that an older generation of men did- so we have more patients, less doctors, and reduced doctor hours- and LIE-berals want to blame doctors for ALL fiscal medical troubles that are generated by Hog greed and LIE-beral vote buying madness!)
Some 70% of Canadian MDs are incorporated.
(With federal LIE-berals hitting at incorporated Mds with new taxes! No wonder women MDs are working less hours- should we ask how many hours of work a Hog would put in if the work had to be done FOR FREE? It costs huge money to become a doctor and they have debts well beyond that of other students!)
Dr. Charles Shaver, President of the Medical Staff, Queensway Carleton Hospital, poses for a photo, on Thursday May 10, 2007. Dr. Shaver feels the government should compensate doctors who become sick while working and there may be problems getting them to work during a pandemic if they aren’t compensated. (JANA CHYTILOVA, THE OTTAWA CITIZEN)
(Neither LIE-berals nor Hogs will work for free so why expect it of doctors? Especially since LIE-berals have just arranged for employees of doctors to get PAID emergency leave in Ontari-owe!)
Unless Morneau’s initial tax reform proposals are dramatically changed, this may accelerate physician retirement.
Younger, more mobile doctors, may leave for the United States.
All at a time when more physicians are needed to serve an aging Canadian population with an increasing prevalence of health problems like diabetes, malignancies, and cardiac disease.
All of these factors will exacerbate the health funding shortfall in Canada.
New sources of revenue for health care must be found.
The Canada Health Act needs to be modernized and amended, beginning with permitting Americans and other foreign patients to pay for elective surgery such as joint replacements in Canada.
This would provide employment for recent Canadian orthopedic graduates, who are today unable to obtain operating time and hospital privileges.
(Bringing masses of foreign students is working nicely to give colleges and universities extra cash so one has to ask why Cdn hospitals would not do the same-except that Cdn hospitals are already so overloaded that letting rich foreigners with fat wallets push ahead of over taxed Cdns will NOT be a popular move!)
It would provide badly needed extra revenue to hospitals and provincial ministries of health.
(And INCREASE wait times for sick Cdns- while Health Ministry staff and hospital administrator Hogs rake off that foreign cash after pushing Cdns aside!)
Ontario Progressive Conservative Leader Patrick Brown recently supported Windsor’s plan for a mega-hospital.
As a border city, Windsor is ideally situated to take advantage of this proposal.
(A mega hospital is a fine thing- providing a large array of services that are often needed for patients with multiple issues- but using Cdn tax money to build the mega facility and selling the mega hospital off to foreigners will not sit well with sick Cdns!)
So are major medical facilities in most Canadian provinces.
But Ottawa seems blind to the provincial health care funding crisis for which it is partly responsible.
(Federal LIE-berals have NO responsibility for provincial health problems! Each province has DEMANDED the right to run its own system- thus Ontari-owe Hogs have only themselves to blame for health care messes that THEY MADE! LIE-berals arguing that Ottawa has somehow short changed them are really telling us they want all the power and all the money and NO RESPONSIBILITY for how things turn out!)
New federal Health Minister Ginette Petitpas Taylor and her provincial counterparts should immediately examine how it is that many countries in Europe, with shorter medical wait times than Canada, have been able to successfully blend a public and private health care system.
(Its easy to get better health care results- either take money away from Hogs and spend it in Hospitals- which LIE-berals will NOT do as it will limit their vote buying or just go massively into debt as Europeans have done- and cripple your economy in the process- as LIE-berals are trying to do here!)
They should amend the Canada Health Act and provincial legislation so that health care delivery is not only sustainable for Canadians, but provides employment and fair remuneration for its physicians, nurses and other health professionals.
Shaver is an Ottawa physician who was born in Montreal. He graduated from Princeton University and Johns Hopkins School of Medicine and returned to Canada in 1970. He is Chair of the Section on General Internal Medicine of the Ontario Medical Association.
(Shaver makes comments that are typical of so many people- he is focussed ONLY on his little corner of the country and is not looking at the bigger picture! New revenue tools will make matters WORSE as cash strapped people will eat more poorly and exercise less if they are stuck behind a desk doing overtime to catch up on bills- and the added financial stress on ordinary Cdns will not be good either!)
Get yer buy orders in.
Dow futures slide nearly 300 points as U.S. stocks poised to extend selloff
https://www.marketwatch.com/story/u...s-slide-120-points-2018-02-05?link=MW_popular
Dow futures slide nearly 300 points as U.S. stocks poised to extend selloff
https://www.marketwatch.com/story/u...s-slide-120-points-2018-02-05?link=MW_popular
The first two are the 1% preying on a deregulated global economy and the third one is the 1% getting a bonus for doing it.
Now didnt I see on Friday that the Toronto Stock market had its biggest one day fall since the 2008 melt down? Why YES I DID!
And....a few years back- with Obama new in the White House- some accountant whined on behalf of Sun Life Financial Ins- on the MSN.CA home page- that Cdn and Yankee accounting rules needed to by synchronized much more. Under Yankee rules Sun Life had a 1.4 billion dollar profit but under Cdn law, the company had a 1.6 billion dollar LOSS!
Somewhere in this is a WHOPPING GREAT LIE! And I dont want to have to pay for it- especially since i think most of the lie is within Yankee accounting! Although it appears LIE-berals are working HARD to ensure we adopt Yankee math! Consider:
Here is an article illustrating how desperate conditions are getting aboard the not so good ship LIE-beral! With some comments of my own in brackets):
Ontario changing rules for defined benefit pensions
The Canadian Press. First posted: Friday, May 19, 2017 01:22 PM EDT | Updated: Friday, May 19, 2017 01:25 PM EDT
TORONTO - Ontario is changing rules on workplace defined benefit pensions, including considering them to be solvent when they are 85 per cent funded.
(How odd- considering that news articles from 2010-2012 were full of ominous news about how 97 percent of defined benefit plans in Canada- INCLUDING the solid gold plans available to civil service Hogs- were in great fiscal jeopardy due to LIE-berals not being able to shovel cash into Hog plans as fast as greedy Hogs dig it back out! And with private corps like GM seeing their profits and work force shrinking and thus losing the flow of cash needed to save their plans!)
The provincial Liberal government announced today that it would introduce legislation in the fall to make that change and others that it says will help keep defined benefit pension plans sustainable.
(AS I see it- LIE-berals are telling us- yet again- that Ontari-owe is bankrupt and the only way to save our economy is to let major corporations such as GM allow their pension plans to wither and die! Calling the plans `solvent` when they can only cover 85 percent- AT BEST- of their promised commitments sounds to me like LIE-berals have just given companies carte blanche to short change workers on their pension promises!)
Single-employer defined benefit plans currently require funding on a solvency basis if they are anything less than 100 per cent funded, but the government is planning to lower that level to 85 per cent.
That means if a pension plan is 85 per cent funded and is forced to wind up immediately, there would only be enough to pay 85 cents on the dollar to meet the plan’s obligations.
(And that maximum 85 percent would be subject to lawyers bills as the plan was fought over- meaning a LOT LESS than 85 percent will be available to workers!)
Employers would have five years to make special solvency payments to get back to 85 per cent if their plan falls below that threshold.
(How strangely these LIE-berals think- it was about 4 and a half years ago that the outgoing chairman of the OSSTF/Ontari-owe high school teachers pension management team came on TVO/The Agenda and informed us that OSSTF would be demanding about 55 billion dollars in deferred pension payments that had been promised by spendthrift LIE-berals but not delivered on due to our simply not having the money! It is these LIE-beral promises to Hogs that are driving all manner of LIE-beral tax gouging such as Hydro prices and Carbon crap and trade plan. And dropping the requirement to fill up the deficient pension plans of companies like Gm seem an open admission that they will NEVER CATCH UP!)
(Ontari-owe companies are making major noise about the LIE-beral Carbon crap scam and LIE-berals will not wish to back off their BAD carbon deal since it would illustrate even to a blind man that ALL LIE-beral policies- and not just the carbon crap- are failing in so many ways! So they must bribe companies to stay here and put up with the Carbon crap without appearing to do so and how better a bribe than to let CEO`s KILL OFF those costly private corporate defined benefit pension plans? It does not cost LIE-berals anything to take such a step and it makes greedy corporate CEO`s happy. It’s a win for everybody except the workers and what LIE-beral needs THEIR opinion of anything? If you ain’t getting a govt pay cheque then you ain’t a “real Cdn” in the eyes of LIE-berals! In the eyes of LIE-berals even a convicted terrorist apparently is `more Cdn` than a private sector worker since the terrorist KNOWS who to reward with HIS VOTE! Too bad so many private sector workers are so foolish as to scorn LIE-berals!)
That move would give employers relief as defined benefit plans face challenges including historically low interest rates, but at the same time the government is also strengthening other employer pension obligations.
(And was it not LIE-berals who have driven down those interest rates to their historically low levels in an effort to save our over taxed economy? And is it not TRUDOPE LIE-berals commanded by either father Pierre or idiot son Justin who hold the record for running up most debt in shortest times? And is it not LIE-berals who insist that our debts are manageable- just so long as interest rates stay low? Oh dear- its LIE-berals spinning in circles yet again- high interest rates mean better return on Hog pension investments- but higher interest rates mean our debt becomes un-manageable and that will hurt Hogs! And LIE-berals insist that our planned series of 30 billion dollar federal deficits are no problem even though so much of the money will be directed at Hogs in a FAILING attempt to pay them enough to be contented and happy and make them into STAUNCH LIE-beral lovers! And was there not a recent news report detailing LIE-beral plans to put UP hydro rates by another FIFTY PERCENT after the 2018 provincial election-assuming LIE-berals are still in power them- after all if LIE-berals are to be loved `long time` by Hogs then a new source of Hog gravy is DEFINITELY required?)
Does all this LIE-beral fiscal scheming not add up to provincial bankruptcy as we don’t have the cash to bail out Hog pensions, cannot allow interest rates to creep up so that Hogs will get a better return on investment, cannot allow interest rates to creep up as it will kill the economy and STOP the flow of govt gravy to Hogs, cannot afford the planned hydro price increases LIE-berals are planning for 2019 so they can stabilize THEIR WORLD at our cost and cannot sit quiet as private defined pension plans are allowed to DIE right around the time that those Hydro price increases kick in! Its not the pensions we cannot afford- its more LIE-beral govt that will kill us all!)
If plans can’t meet a going concern test of being able to fully fund their present obligations, they will have 10 years to make special payments to get to the appropriate funding, down from the current 15 years.
(That`s nice- General Motors has quietly shelved any plan to produce any product at its Oshawa plant in the short term- where workers consistently have the highest production quality in North America and Gm has apparently done this as protest over the Carbon crap and trade mess. GM will be GONE forever long before that 10 year window UNLESS LIE-berals bribe them in a huge way to stay! And we cannot afford any more auto maker bribery either- Ford just got a couple hundred million in govt grants and is now going ahead with layoffs of about 6oo workers- the ones whose pension plans LIE-berals are now undermining with their funding changes!)
(And was it not Gm that just fought a long battle with its older workers over its already too small pension funds? With retired GM workers currently happy to settle for most of what they were owed and how many will want to go through a new round of legal battles once Gm gets the LIE-beral green light to further shrink the pension fund? Or if Gm simply decides to abandon Canada? And it was LIE-beral Dalton McGinty who promised Gm workers that LIE-berals would make up the difference if their pension plan died! Oh well- perhaps we should assume the promise died along with the career of McGinty? Or not- if LIE-berals need to BUY more votes?)
The government will also be requiring employers to fund a reserve within their plans in order to manage risk and keep benefits secure.
(So LIE-berals are saying its okay to let the pension plan erode to 85 percent of need- but employers should keep a reserve fund available to manage risk and keep benefits secure? So- fully funded or not? LIE-berals don’t know and don’t care just so long as they keep free of fallout! Failure is YOUR OPTION- NOT THEIRS!)
Must be Trump's fault
he once held a glass of water with both hands during a press conference.
You all know what that means.
One of quietest years on record, a technician discusses what's next for stocks One of quietest years on record, a technician discusses what's next for stocks
1:39 PM ET Thu, 13 July 2017 | 12:56
This year has been one of the quietest on record for the markets in terms of big and swift moves. Yet if history is an indication, volatility could soon rear its ugly head.
According to LPL Financial's Ryan Detrick, the CBOE Volatility Index, or VIX, has averaged a reading of 11.54 in 2017—its lowest ever. This as the S&P 500 Index hasn't seen a 5 percent pullback in over a year, its longest streak without such a decline in more than twenty years.
"This is only the sixth time since 1950 that the S&P 500 has made it at least a year without so much as a 5 percent correction, and marks the longest streak since 1995," Detrick explained.
Despite stocks hitting new record highs this week, the technician is skeptical that this trend will continue. Blue chip stocks "can go a little bit further without a 5 percent correction, maybe, but when you consider the calendar, we've got August and September, [there are] troublesome months coming up here," he toldCNBC's "Futures Now." last week.
https://www.cnbc.com/2017/07/16/the...1995-heres-what-it-could-mean-for-stocks.html
Guess everyone was over due.
Bank Runs Break Out In China! Deutschebank Charged With Dollar Manipulation!
Economic Collapse News - Bank runs have broken out at atms all across china. Deutschebank AG has also had a settlement against them for manipulation of the Dollar in FX markets.
[youtube]z4gJcxIcHBM[/youtube]
he once held a glass of water with both hands during a press conference.
You all know what that means.
One of quietest years on record, a technician discusses what's next for stocks One of quietest years on record, a technician discusses what's next for stocks
1:39 PM ET Thu, 13 July 2017 | 12:56
This year has been one of the quietest on record for the markets in terms of big and swift moves. Yet if history is an indication, volatility could soon rear its ugly head.
According to LPL Financial's Ryan Detrick, the CBOE Volatility Index, or VIX, has averaged a reading of 11.54 in 2017—its lowest ever. This as the S&P 500 Index hasn't seen a 5 percent pullback in over a year, its longest streak without such a decline in more than twenty years.
"This is only the sixth time since 1950 that the S&P 500 has made it at least a year without so much as a 5 percent correction, and marks the longest streak since 1995," Detrick explained.
Despite stocks hitting new record highs this week, the technician is skeptical that this trend will continue. Blue chip stocks "can go a little bit further without a 5 percent correction, maybe, but when you consider the calendar, we've got August and September, [there are] troublesome months coming up here," he toldCNBC's "Futures Now." last week.
https://www.cnbc.com/2017/07/16/the...1995-heres-what-it-could-mean-for-stocks.html
Guess everyone was over due.
Bank Runs Break Out In China! Deutschebank Charged With Dollar Manipulation!
Economic Collapse News - Bank runs have broken out at atms all across china. Deutschebank AG has also had a settlement against them for manipulation of the Dollar in FX markets.
[youtube]z4gJcxIcHBM[/youtube]
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