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Everything posted by sharkman
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Okay, it’s clear you are discarding my thoughts and warnings about a possible serious deep recession, because your sources, etc, are presenting a different picture. How about Michael Burry? The guy who made 100’s of millions betting that the financial crisis of 2008 was coming, when almost nobody agreed? You might want to at least read what he’s saying about the economy. Because he’s shorting like mad again… But believe whatever makes you happy. https://www.newtraderu.com/2022/12/25/michael-burrys-warning-for-the-2023-stock-market-crash/
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Gosh, why do I have to point this out? The one sector doing really well is military manufacturing, which is all of the companies that you listed. Why do you suppose they are expanding, hmmm? Could it be the war? That Biden has shipped billions of military equipment to? And pushed the American government many billions more into debt to do it...so it's based on debt spending by Uncle Sam.
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No you do not. When you assume, you make an a$$ out of you and me. I have shared very little of what I’ve become aware of, on this forum.
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I’m not sure then why I have to explain it to you. In 1980, anybody who had to renew their mortgage at 18+% and couldn’t make their payments. Many businesses went bankrupt because they couldn’t operate in that climate. I know several people that went bankrupt in 1980 and lost their jobs. That’s what I mean by “lost everything”. That was in Canada. 2008 affected The US more as probably over a million went bankrupt when their mortgage payments greatly increased, they couldn’t make the payments and they couldn’t sell. House prices plummeted in both recessions. Why are you unaware of this? Edit: Google says that 10,000,000 were displaced in the "great recession" (2008). In 2008 alone 3 million filed for foreclosure.
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Are you unaware of what happened in 1980? 2008?
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You don’t know what I’m referring to and what I am not referring to. What I’m looking at vs what I’m not looking at. I will simply say that, every so often we have a deep, difficult recession. I could reel off the dates for you, but I think that you are informed enough to agree with that simple fact. And for every single one of those events, almost no one saw coming. That means, the data, the preceding economic indicators, etc, didn’t warn of it. So trotting out economic data and indicators that show a mild recession may make you feel better, yes. But in 1980 and in 2008, people lost everything because they listened to smug people like you. It is far better to plan for the best and prepare for the worst, just in case. And no, I’m not referring to taking drastic measures. Simple things. It’s like taking out insurance, and if we don’t need it, then it’s fine.
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Prediction of Important events for 2023.
sharkman replied to CITIZEN_2015's topic in The Rest of the World
In 2023, there could well be some leader/regime changes. It’s quite possible that Putin’s time will end. The Ukraine war can’t be seen as anything else but a failure, and the Russian people have to be getting sick of it. There have been rumours of drastic measures by Putin, as he tries to keep his enemies at bay. Biden won’t last the year. Will this classified document embarrassment be the albatross that brings him down? No. But this kind of careless behaviour is obviously a way of life for him. It could lead to more serious allegations. And I think his party and the media in general are tiring of his dementia. Xi Jinping. This could be his year as well. It sounds like the people won’t stop protesting and rioting despite the regime’s various crack downs. What started the riots was an apartment building that caught fire, apparently. It was under lock down, so all of its entrance doors had been welded shut, and many people died. North Korea. Little rocket man is running out of options. If his sugar daddy goes(Xi Jinping), change come also come to that pathetic regime as well. -
Yes, that is all common sense stuff. And if that is all that was happening, there would be no concerns on my part.
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Still Going to Buy the F-35, Really?
sharkman replied to Hoser360's topic in Federal Politics in Canada
Because Trudeau could do anything and they’d support it, it’s the classic case of having no absolutes. Or to put it another way, having situational ethics. -
The Iraqi Minister of Propaganda above wants to ignore the weight of data and instead reel off several corporations without the numbers they hired, links or even just estimates. Nice try moonbox, but you've got nothing.
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Here’s some cherry picking for you, a Morgan Stanley stock warning. https://www.marketwatch.com/story/morgan-stanleys-mike-wilson-warns-u-s-stocks-could-slump-another-22-if-recession-arrives-in-2023-11673291083 Oh and here’s Swiss Central Bank admitting they had a net loss of 143 billion. Those job numbers look peachy though… https://www.reuters.com/business/finance/swiss-national-bank-posts-record-143-billion-loss-2022-2023-01-09/
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That's not what you said. You said: And you didn't provide any companies doing "tons" of hiring. Those government friendly stats are just that, and will no doubt be adjusted downward as this thing gathers steam. Get back to me when you can provide individual companies doing tons of hiring as you said...
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We can assume that almost half vote Dem and almost half vote Rep, with small minorities of independents and libertarians thrown in, just like the general population. And a small percentage of each group are activist enough to do something naughty when they think they can get away with it. Why is this difficult for you to grasp? Back in 2001, when Bush was set to take the White House, all of the “w” keys were removed from keyboards by these same types of people. Some kind of pointless conspiracy. I provide this example only to demonstrate to you that this kind of behaviour is possible. Not to suggest that the two are the same, which would be wrong.
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Your link suggests that the US is basically at full employment, everybody who wants a job has one. I guess the fact that Amazon, Meta, Macy’s, Bed Bath& Beyond, Vimeo, Salesforce, Twitter and Compass are all laying off in January(Amazon is laying off 18,000 alone after 11,000 in November) doesn’t give you pause for thought? Also, 200,000+ jobs created in December. That is, of course, the month of high economic activity due to the shopping season. Not exactly an impressive number compared to some of the last 20 December’s or so.
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This is flat out wrong. There are tens of thousands of administrative, clerical and executive personnel in the US government that remain regardless of which party the president belongs to. And these workers have political affiliations, I’m surprised you need to be made aware of this. What the OP suggests is entirely possible.
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These layoffs are beginning to pile up, aren’t they? Compass, a real estate Broker based in New York just announced another round of them. Previously they had laid off 1200 since last June, and they just cut another amount though they are not releasing the exact number. In the US, the real estate market is in a major correction, as is the rest of their economy. Another big loser is the automobile markets, both used and new. The interest rate increases are decimating economic activity across the board. These trends will and are beginning to be seen in Canada too.
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Didn't think you had anything to back that up with... And in other news. How would you feel if you thought long and hard about it, and decided to withdraw your money out of a mutual fund while the economy figures out how big of a recession it's going to have. You go online, or call up your bank, and the request to withdraw your funds gets declined. Your own money, because the financial institution has other priorities. How would you feel about that? https://www.bnnbloomberg.ca/blackrock-halts-withdrawals-from-3-5-billion-uk-property-fund-1.1865696
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Sure, why don’t you post about these companies that are hiring 1000’s of workers. So far, corporations laying off thousands is: Amazon, Facebook, Twitter, Salesforce, Vimeo, Bed Bath & Beyond, and Macy’s. Used Car places like Carvana are also taking a bath…
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Whatever. https://www.npr.org/2023/01/05/1147067967/bed-bath-beyond-warns-that-it-may-not-keep-operating Now Bed Bath & Beyond "has concluded that there is substantial doubt about the company's ability to continue as a going concern," the retailer said on Thursday. This means Bed Bath & Beyond has to consider all financial options, including restructuring, selling assets or going through bankruptcy. "These measures may not be successful," the company added. Its stock price dropped more than 20% as soon as markets opened.
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You’ll be puzzled then to hear that Amazon is laying 18,000 employees. https://www.axios.com/2023/01/05/amazon-layoffs-18000-jobs The big picture: Amazon is far from the only company cutting jobs. It isn't even the only one who announced layoffs on Wednesday. Salesforce notified employees early Wednesday that it plans to cut 10% of staff. That's on top of several hundred job cuts made late last year. Vimeo is cutting 11% of jobs, which follow a 6% workforce reduction last July.
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Bed Bath and Beyond is closing 150 stores across the US. https://www.the-sun.com/money/7042938/beloved-retailer-closure-stores-nationwide-shut-their-doors/ “Bed Bath and Beyond announced in September plans to shut 150 stores across the country as they struggle with significant debt and a difficult relationship with many of its vendors.”
