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The Economy

Discussion in 'Sports and News' started by TigerVols, May 14, 2020.

Page 153 of 462
  1. BTExpress

    BTExpress Well-Known Member

    Relatively speaking, we had much higher interest rates in the 80s and 90s. And from 1983-1999 most people would say we were in a booming economy (minus the blip from July 1990-March 1991).
     
    BTExpress, Oct 13, 2022
    #1825
  2. SFIND

    SFIND Well-Known Member

    [​IMG]
     
    SFIND, Oct 13, 2022
    #1826
  3. heyabbott

    heyabbott Well-Known Member

    I don’t get this. Both are fruits. Both are healthy. Both grow on trees. Both have seeds (mostly) both produce juice. It’s have skins. They are comparable just not identical. Sometimes you want an apple. Sometimes you want an orange. Its a reasonable choice. Not like “do you want an apple or wrench?”
     
    heyabbott, Oct 13, 2022
    #1827
  4. The Big Ragu

    The Big Ragu Moderator Staff Member

    The amount of global debt has exploded since then.

    The amount of debt in zombie companies alone globally that do nothing productive, and have existed on escalating debt creation for the last decade and a half and near-zero funding costs that have allowed them to roll over that debt, dwarfs the total amount of global debt in the 80s and 90s. The debt levels are the danger.

    We're past conversations about "where interest rates should be." (and a market would do just fine in figuring that out rather than those rates being administered). We're at the point of: The world can't afford ANY rate of interest and the amount of debt that was created on the back of zero interest rates is now HUGE.

    As much as I post. ... there is a lot I don't post. The Japanese have been the most extreme version of what I am talking about. ... Right now there is no market left for their debt. Seriously. The Bank of Japan now owns more than 50 percent of their sovereign debt. ... They are the only buyer left. We just went 3 or 4 days without any trading in JGBs. The market is seized up. These are supposed to be the most liquid markets there are!

    Trading Drought Worsens in Japan’s Broken Bond Market
    Ten-year JGBs untraded for record third straight session
     
    The Big Ragu, Oct 13, 2022
    #1828
    SFIND likes this.
  5. The Big Ragu

    The Big Ragu Moderator Staff Member

    If you are interested in markets, pull up an intraday chart of the various equity indexes today.

    The Nasdaq 100 was down 3.4 percent this morning (taking it right to some important technical levels, FWIW), and then staged a rip-your-face-off rally that took it up close to 6.3 percent from those lows at its highs.

    It is one of the wildest intraday swings I have ever seen. Just crazy stuff.
     
    The Big Ragu, Oct 13, 2022
    #1829
    maumann likes this.
  6. The Big Ragu

    The Big Ragu Moderator Staff Member

     
    The Big Ragu, Oct 13, 2022
    #1830
    maumann likes this.
  7. TigerVols

    TigerVols Well-Known Member

    TigerVols, Oct 13, 2022
    #1831
    2muchcoffeeman likes this.
  8. Twirling Time

    Twirling Time Well-Known Member

    I prefer apples to andirons.
     
    Twirling Time, Oct 14, 2022
    #1832
  9. garrow

    garrow Well-Known Member

    Blimey!



    He put the ex in exchequer
     
    Last edited: Oct 14, 2022
    garrow, Oct 14, 2022
    #1833
  10. dixiehack

    dixiehack Well-Known Member

    dixiehack, Oct 14, 2022
    #1834
    Jssst21, garrow and maumann like this.
  11. MileHigh

    MileHigh Moderator Staff Member

    Real big deal here since King Soopers/City Market and Safeway have the lion's share of groceries in the state.
     
    MileHigh, Oct 14, 2022
    #1835
  12. dixiehack

    dixiehack Well-Known Member


     
    dixiehack, Oct 14, 2022
    #1836
    Slacker likes this.
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