Stock Market Soars to All Time High
- Thread starter Curiosity
- Start date
The rally started November 9, 2016. Check it if you want.
By Paul Krugman Comment2016-11-09T00:42:44-05:00 November 9, 2016 12:42 AM ET
It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover?
Frankly, I find it hard to care much, even though this is my specialty. The disaster for America and the world has so many aspects that the economic ramifications are way down my list of things to fear.
Still, I guess people want an answer: If the question is when markets will recover, a first-pass answer is never.
...
Now comes the mother of all adverse effects — and what it brings with it is a regime that will be ignorant of economic policy and hostile to any effort to make it work. Effective fiscal support for the Fed? Not a chance. In fact, you can bet that the Fed will lose its independence, and be bullied by cranks.
So we are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened.
Gets funnier every time I read it.
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Nope, just illustrating the big picture in an attempt reduce the panic, excitement and pant shitting.
You don't know anything about quantitative easing do you?
feel free to comment anyway so we have something to make fun of
The correction may not have been enough to do a hell of a lot of good. I'd buy a minimal amount and then wait for another 500 point drop before I bought a piss pot full.
Up again, today?
YAY TRUMP!
Down yesterday?
BOO OBAMA!!
The fine nuance of American politics, eh?
YAY TRUMP!
Down yesterday?
BOO OBAMA!!
The fine nuance of American politics, eh?
Oh, market up. Oh,or not. Oh market moving. Oh, or not. Oh, market up again. Oh, not! The market is up 43 percent since trump took over- and now it has had a few down turns........ITS ALL PAPER MONEY! Its just morons playing with our bankrupt economy and fiddling with the money supply that really only exists in computers some place.
Western society is bankrupt and is exploring previously un-imagined levels of debt and fiscal chicanery! Why is the market-that vast crap shoot run by the unscrupulous using money taxed out of the pockets of the ill-informed fluctuating now? How about the reality that the Yankees have NOT resolved their debt and immigration crisis- meaning they can still shut down the govt and cause chaos if govt gets sufficiently pig headed. The stock market is the biggest anf longest running Ponzi scheme in history!
And North Korea has not gone away- Trump and co. are right- the Rocketman is just messing with peoples heads by sending athletes to the Olympic games.....while his nuclear program continues- with potentially dire consequences for us all- even if we dont own any stocks!
Western civilization is stony broke- and there IS a reason-consider:
Here is an article illustrating that Toronto Silly Hall silver spoon socialists are being taken for a ride yet again. With some comments of my own in brackets).
Back taxes owed to the city on the rise.
Sue-Ann Levy BY SUE-ANN LEVY, TORONTO SUN
FIRST POSTED: MONDAY, SEPTEMBER 25, 2017 07:20 PM EDT | UPDATED: MONDAY, SEPTEMBER 25, 2017 07:24 PM EDT
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(Yes- the restaurant owner in Sunnyside Park is messing with Toronto yet again- and Hogs originally mocked Rob Ford for calling it a stupid deal!)
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(Yeah- how to explain that TCHC is the biggest slum lord in the country and its getting worse all the time!)
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(Basically Silly Hall has sold the park to private interests at a ridiculously LOW rate and does not know how to get any redress for being SCREWED!)
I had hoped when Councillor Vince Crisanti held the government management committee report Monday morning listing those properties with more than $500,000 in back taxes outstanding, some serious questions might be asked.
After all, the bi-annual report — which compares what the largest city debtors owe as of June 30 to the same time in the Year 2000 — shows plainly that after hitting a low in 2013 of $21-million and 15 accounts outstanding, it has been steadily climbing to a new high this year.
That high is just shy of $30-million — at $29.7 million with 25 accounts outstanding.
Even though the city’s outgoing CFO Rob Rossini told the committee the increases in the past few years were just a slight “blip” — compared to a high of nearly $70 million just after amalgamation in 2000 — the fact is the numbers have been increasing steadily since 2013.
Heck, I’m sure $30 million could go to good use — especially since the Municipal Land Transfer Tax won’t prove to be such a cash cow next year with the softening of Toronto’s real estate market.
But it quickly became clear that Crisanti had not read the report considering he thought that city officials intended to write off the $30 million and then asked how this year’s $30 million outstanding compared to previous years- which was all contained in the report.
(Sadly- Silly Hall has been writing off property taxes for decades in an effort to encourage slum landlords to make ANY repairs! Its been a revolving door- buy the building- make a few half assed repairs so rents can be raised- let the bills slide and then basically abandon the building and let Silly Hall auction the place off for unpaid taxes to the highest bidder- who was often the slightly disguised corporate entity that previously walked off with the cash that should have been used to pay bills owing! After the time of amalgamation Silly Hall did start making changes so that corporations could not so shamelessly stick the city with unpaid bills but the game DOES continue- and as rents are frozen we can expect more of these games- as the rising tide of unpaid bills indicates!)
He also asked about the status of all the properties in the collection process, which was outlined in the report as well.
Treasurer Mike St. Amant kept his answer pretty vague only noting that $6.7 million of the problem relates to six commercial condominium units at 222 Spadina Ave. that remain vacant — adding that it is a “wicked problem” for which they need to come up with a “creative solution.”
He said other properties with taxes outstanding either have environmental issues or are going through the tax process.
What he didn’t say is what is contained in the report — namely that the city’s revenue services division allows debtors to remain in arrears for two years hoping overdue notices, telephone calls and an interest rate of 15% per year will move them to step up to the plate.
It is only after two years that a tax arrears certificate is registered on the property, at which point the city waits another year for payment before they can sell the property through a public auction or public tender.
Geesh.
“Outstanding property tax receivables continue to be monitored and acted upon in a timely manner,” the report says.
If that’s the case, why is the number rising, not decreasing? I would have loved to hear why.
(WE KNOW WHY! Silly Hall Hogs do not want to admit that rental properties in Toronto are in a colossal MESS! The buildings have had very little maintenance in decades- just a lick and a promise for most. Rents are simply TOO LOW for landlords to make repairs, pay their bills and show a profit! And as we saw in the Parkdale rent strike at 11 buildings in summer 2017- simply raising the rent will solve NOTHING! People do not have the money thanks to LIE-beral abuse of our economy and their massively RICH Hog gravy train!)
(And those 11 buildings in Parkdale are owned by civil service Hog unions based in Alberta! One has to ask just how desperate Hogs are for gravy that they would think being landlords in bankrupt Toronto might be a good investment?)
But neither Crisanti nor any other member of the government services committee asked that question. Within three minutes, the discussion was done, over, finito.
•Total tax debtors with more than $500,000 outstanding:
— 2000: 45 accounts for a total of $69.8-million
— 2005: 23 accounts for a total of $24.5-million
— 2013: 15 accounts for a total of $21.1-million
— 2017: 25 accounts for a total of $29.7-million
Slevy at postmedia
(One really should NOT be surprised that Silly Hall Hogs are so mis-managing the tax files! After all another report details how Silly Hall is NOT collecting millions of dollars in cleaning costs from tenants ar Union Station! As I have said before- LIE-berals and Hogs could not run a chip truck at a profit- not even if you gave them the potatoes for free!)
Here is an article illustrating how craven coward LIE-berals are caving in to corporate pressure on GMO foods- the ones most of us are afraid of! If our idiot Boy Justin wants to argue with Yankees about something- and clearly he DOES- then why not pick a fight over something that WILL satisfy Cdns? Instead of working the current LIE-beral crap involving ducking valid Yankee worries about Muslim terror cells setting up in Canada using Cdn welfare money to get settled!
RE Monsanto suing farmers
Steve Marsh (in Australia) went to court in 2010, seeking more than $80,000 in compensation, but the Supreme Court dismissed the case in 2014...
...It is noteworthy that both parties were supported financially. Monsanto contributed to Mr. Baxter's costs while Mr. Marsh's campaign was supported by the Safe Food Foundation...
...Marsh lost income for three years on his farm due to the GM contamination from Baxter's fields. He sought leave to appeal to the High Court, but it was dismissed just days ago...
...This decision means Marsh has no further avenue of appeal, and Monsanto and others win again in their aggressive plans to hold farmers accountable for patent infringement while taking no responsibility for contaminating farmers' fields that want no part of the GM farming paradigm at all...
Monsanto has been suing farmers in the US for over 16 years, and never once has lost a case.
http://www.infowars.com/organic-farmer-suffering-from-gmo-contamination-dismissed-by-court/
By Christina Sarich
I say: this is a very bare bones description of the trouble Monsanto is brewing up. If Monsanto had only sued an Australian farmer it might not have been so bad, but they have sued farmers around the world-including here in Canada-with the same shameless pro Monsanto results!
Alberta Rapeseed farmer Percy Schmeisser is from the old school-he does Not buy seed from Monsanto or from any other source-instead he saves a portion of his crop each year to use as seed for the next years crop. He has NEVER bought seed from Monsanto and yet Monsanto has sued him for using their seed without permission.
Schmeisser was interviewed by Alberta news people one spring day-standing in the road by one of his fields while his farmer/neighbours trucks roared by-each one loaded with Monsanto seed. And Alberta prairie is WINDY-and the trucks are open backed and with each bump in the road and with each wind gust, a little Monsanto seed is spilled. Schmeisser can point to clumps of that seed growing wild in the ditches along the roads and in his fields-its been spilled everywhere around him. And this is not the only source of contamination of his land-Monsanto Rapeseed produces pollen just like older-non Monsanto varieties of the plant and the pollen blows on the wind and each year MORE of Schmeissers fields are contaminated with Monsanto pollen blown in from the neighbours fields.
And each year Monsanto has sent ever more threatening letters to Schmeisser-DEMANDING that he STOP USING THEIR PRODUCT even though he is Not using it-instead he is simply dealing with spilled seed and spilled pollen that is blowing on the wind from his neighbours fields! Finally the level of contamination became so high that Monsanto hauled Schmeisser into a Cdn court and sued Him for using their product without permission-they DEMANDED that he uproot HIS crop from HIS land and destroy it AND pay THEM damages for using their product without permission!
In the normal world-if I do something on my land that contaminates your lands then you can SUE ME....but Monsanto is not an ordinary company-they are GROSSLY arrogant and very wealthy and have an army of lawyers just itching to earn their juicy retainers and so they sued Schmeisser because his neighbours have contaminated HIS land and HIS crop with THEIR Monsanto seeds and pollen.....and Monsanto has WON that lawsuit against Schmeisser!
This is proof positive that justice is FOR SALE to the highest bidder and you know some pissant farmer from Alberta (or one from Australia) simply is not going to put one over on one of the worlds largest corporations. The only way Schmeisser (or Marsh) can continue to grow rapeseed without being sued by Monsanto is if they uproot their ENTIRE current crop and burn it and then buy more seed from an alternate source-not contaminated by Monsanto-and THEN ERECT A BARRICADE SO LARGE-around their properties that it will prevent pollen from neighbours crops from blowing off their fields onto fields owned by Marsh and Schmeisser and further contaminating THEIR CROPS.
This is legal madness-Monsanto has created a product that can readily contaminate the lands of other people and Monsanto has then sued these other people because these other people FAILED to prevent their land from being contaminated! And the arrogant swine at Monsanto call this justice?
And some jackass read the piece about Aussie farmer Marsh and posted this rant in response:
Monsanto has done more for consumers and producers since world war two. if you take away glyphosate you take away farmers ability to grow cheap food. you will then be raising your food bills to the point of starvation. but Toronto will still survive, your liberal government will simply import food from china. then you will be eating lead arsenic plus ddt and god only knows how many other toxins. this might actually be a benefit to Canada if Toronto dies off.
I wonder how many Monsanto shares the jackass owns? Monsanto has created some useful chemical fertilizers and some handy pesticides and herbicides-they are useful tools for the farmer who may use Monsanto products-OR NOT ON HIS LAND as he sees fit and according to purchase agreements-but when Monsanto rams its products down the throats of people who don’t want the product and uses its money to BUY legal judgements and buy courts then we have a MAJOR problem...and anybody who would defend Monsanto in this is a good little Nazi and a nasty little dictator!! If Monsanto represents the future of farming and food production then we are ALL in serious trouble!
You should spill the beers posts sometimes contain some beautiful nuggets of information .