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nuckin_futz

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Everything posted by nuckin_futz

  1. Presented without commentary................ Facebook Worker in Seattle is Diagnosed With the Coronavirus Facebook Inc. said a Seattle worker has been diagnosed with the coronavirus, the first known infection within the company as the pathogen continues to spread in the region. The employee, a contractor, was last in Facebook’s Stadium East office in Seattle on Feb. 21. The company alerted employees Wednesday night and said the Seattle office will be closed to all employees until March 9. Employees in Seattle are also being encouraged to work from home until the end of the month. “A contractor based in our Stadium East office has been diagnosed with the COVID-19,” a company spokesperson said in a statement. “We’ve notified our employees and are following the advice of public health officials to prioritize everyone’s health and safety.” https://www.bloomberg.com/news/articles/2020-03-05/facebook-says-employee-in-seattle-diagnosed-with-coronavirus
  2. Some have been wondering where interest rates are heading. The Federal Reserve and the Bank of Canada both cut rates .5% this week to 1.25% Markets are unimpressed and are doing their best to force more cuts. Below are charts of the 10yr note yields in Canada and the US. Bit of a swan dive going on there.
  3. By hoarding supplies like toilet paper. I'm not sure how the hoarding of toilet paper helps here but it seems to be a thing............ An Australian family have accidentally bought 2,300 toilet rolls Fri 6 Mar 2020 02:59:08 GMT Amidst the shortage of toilet paper as Australia panic buys it on coronavirus concerns these folks ticked the wrong box on an online order form and got two pallets of the stuff delivered 2,304 rolls were charged $3,264 12 years supply Thing is they have (accidentally) nailed the timing and now its a hot item, they are having no trouble offloading the excess. "Who Gives A Crap" Premium toilet paper. ******************** What happens in Vegas stays in Vegas. Except for this Canadian who returned home with coronavirus Fri 6 Mar 2020 04:15:14 GMT Canadian press on an Ontario person who went to a conference in Vegas and subsequently has tested positive for COVID-19. As of writing the article reports the total number of infections in Ontario at 24.
  4. It's pretty shocking to me that Bernie wasn't able to get his core constituency out to vote in larger numbers. I can't help but think that Bernie, despite the enthusiastic support from all the Bernie Bros isn't as popular as we're led to believe. What this primary/caucus season is revealing is perhaps a chunk of his support in 2016 may just have been anti Clinton voters. Trump is President largely due to Clinton being so unpalatable. Perhaps the reason Bernie isn't performing as well as he did in 2016 is because he doesn't have Clinton to kick around.
  5. Bingo. The purpose of the education system is to breed obedient mules for taxation.
  6. Yeah the Swiss just do their own thing. Not being part of the EU allows you to do that. As for Australia yeah they seem to keep finding unsuitable people to be PM. Like the current guy (Morrison) who figured it would be a good idea to vacation in Hawaii while his country was on fire. Somehow they have managed to go 29 years without entering a recession. We will move in the same general direction as the US but our issues are different. Rail blockades, coronavirus fears, oil prices firmly dipping below $50. Today was Stephen Poloz's last meeting chaired as BOC head before he hands over the reigns to his deputy Caroline Wilkins. Generally speaking they never make policy moves on their way out the door. So doing a .50 cut on his way out is quite notable.
  7. There is a reason Trump was so scared of Biden he risked impeachment to get dirt on him. He's not afraid of Bernie or Warren because he knows he can paint them as socialists/commies. And his followers will gobble that up and parrot it right back. “Think of how stupid the average person is, and realize half of them are stupider than that.” ― George Carlin
  8. The Canucks without Huggy are like shrinkage.
  9. In Canada probably not. It would take things really going down the tubes globally for that to happen. Same for the States unless Trump gets his way. Both Canada and the US are now at 1.25%. So there is still plenty of room to maneuver. No such room in the EU where they are currently at zero. Japan is slightly negative. Australia who is at .5% has hinted at negative and perhaps even "unconventional policy" that can only mean quantitative easing. The Swiss are at -.75. They don't mess around.
  10. To be fair, Regan did explode the deficits but he got a lot of bang for his buck. GDP was rocking back then. Obama did get it down to 600 million but in between there were a few whopper deficits as well.
  11. While those are all noteworthy. The All time champ will always be George Bush Sr. for vomiting into the lap of the Prime Minister of Japan. It even has it's own Wiki page. https://en.wikipedia.org/wiki/George_H._W._Bush_vomiting_incident
  12. I'd wait. To quote Randy Bachman "You Ain't Seen Nothing Yet".
  13. This election if it is Biden vs Trump will be a contest between a guy who's brain goes faster than his lips (Biden) vs a guy who's lips go faster than his brain (Trump). That should be an easy choice.
  14. You know Brad Parscale $&!# himself when Bloomy said he'd spend whatever to defeat Trump. Trump has raised a ton of money but he doesn't have "whatever" at his disposal.
  15. I think Klobuchar would be a good pick. Get someone from the Rust Belt and really drive the message home there. Plus her Senate seat in MN is safe turf. Then again so is Harris' in CA. Abrams is not a bad pick. I also like Andrew Gillum from FL. Wouldn't exactly hurt the ticket in a dog fight in FL.
  16. How would they even advertise this product? "For people who don't want to get drunk but still enjoy urinating" ???
  17. Then you either restart the printing press or they face the music.
  18. They is a saying that goes "you get the leaders you deserve". People today are all about themselves, no sense of community, fraternity or brotherhood. Or even a sense of family for Pete's sake. Everyone is out for themselves. You reap what you sow. We get what deserve.
  19. There was a fascinating article about a year and a half ago on the 10yr anniversary of the failure of Lehman Brothers called something like "Where are all the Babies?". It was about how the generation who was 20-30 back then got the shaft economically. Wall St got their bailout, everyone's 401k got a bailout, GM got a bailout, The banks all got a bailout. The only ones who were forced to eat a financial sh*t sandwich were the 20-30 set. Now they are saddled with student loan debt, crappy job prospects, live in their parents' basements and do not have children because they cannot afford to. So birth rates tumble which represents an entirely new problem. For the economy to grow you need a growing population. If they aren't having them you have immigration. Which goes over real well with the WASPY set. So yeah I can totally see why they're attracted to Bernie. But Bernie doesn't have the answers they seek. Bernie's heart is in the right place, but he can't fix this.
  20. They will borrow if you let them. Ever been stuffed full and then someone brings out a plate of fudge brownies, and you know if you have one you might pop? Did you refuse it? Or did you chomp one down. That's exactly what is next. It's a ponzi scheme. You keep all the balls in the air as long as you can. Eventually the balls will come crashing down and there will be Hell to pay. The laws of economics deem it to be so. Like with that fudge brownie. They are always able to consume more.
  21. Of course the US is just printing money, but so is everyone else. What it comes down to is that the USA is the cleanest dirty shirt in the pile.They are the world's reserve currency and they control the printing press. You have to put your money somewhere and everyone else is worse. Well investing is all about visibility and confidence. But the USA will be the last place investors lose confidence in. Sadly Hip, I think the money pump and kicking of the can down the road will continue for sometime. The only thing I see that will bring down this global ponzi scheme is if inflation every gets out of control. Or in other words if central banks every lose control over inflation. When you have to pay +10% on your mountains of debt it's game over,.
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