BCNeil Posted March 29, 2023 Share Posted March 29, 2023 Shorting Nasdaq vs Long Russell. 2 MNQ short, 5 M2K long. Super cheap trade to put on, $2100 Canadian of buying power. 1 Link to comment Share on other sites More sharing options...
Elias Pettersson Posted April 2, 2023 Share Posted April 2, 2023 Link to comment Share on other sites More sharing options...
Elias Pettersson Posted April 2, 2023 Share Posted April 2, 2023 US Dollar going, going, gone? Weekly Recap 1) Saudi Arabia enters trade alliance with China, Russia, India, Pakistan, and four Central Asian nations to step further away from reliance on the US dollar. 2) China and France complete first LNG gas trade using Chinese Yuan, ending reliance on the US dollar for energy trades. 3) China and Brazil to settle trades in their own currencies, ditching the US dollar. 4) Brazil, Russia, India, China, and South Africa (BRICS) are developing a new currency, State Duma Deputy Chairman says. 5) Saudi Arabia partners with China to build a Chinese oil refinery for 83.7 billion yuan ($12.2 billion). 6) Kenya signs deal with Saudi Arabia and UAE to buy oil with Kenyan shillings instead of US dollars. 7) President of Kenya tells citizens to get rid of US dollars. 8) Association of Southeast Asian Nations considers dropping the US dollar, euro, yen, and British pound for local currency financial settlements. 9) El Salvador President officially signs bill eliminating all taxes on income, property, and capital gains for technology innovations. 10) US Senator Elizabeth Warren launches "anti-crypto" re-election campaign. 11) India to settle trade in Indian rupees with certain countries instead of US dollars, Commerce Secretary says. 12) Chinese yuan surpasses the euro to become Brazil's second-largest currency in foreign reserves. 13) US government to sell 41,500 #Bitcoin ($1.18 billion) connected to Silk Road, in four batches this year. 14) Hong Kong regulators to assist #crypto firms with banking in effort to become a digital asset hub. 15) #Binance and CEO sued by US CFTC over alleged regulatory violations 16) US Social Security funds are projected to run out by 2033, Reuters reports. 17) 5 major banks raided by French authorities in €100 billion fraud investigation 18) Former President Trump says President Biden is directly responsible for the bank failures and creating an economic catastrophe that will only get worse. 19) MicroStrategy purchases an additional 6,455 #Bitcoin ($150 million). 20) President Biden says the banking crisis is "not over yet." Link to comment Share on other sites More sharing options...
Elias Pettersson Posted April 2, 2023 Share Posted April 2, 2023 I wonder what the seniors are going to do without their retirement pensions? Will they need to go back to work? Link to comment Share on other sites More sharing options...
nuckin_futz Posted April 2, 2023 Share Posted April 2, 2023 2 minutes ago, Elias Pettersson said: I wonder what the seniors are going to do without their retirement pensions? Will they need to go back to work? Raise the retirement age to 'death', problem solved. 2 Link to comment Share on other sites More sharing options...
Elias Pettersson Posted April 2, 2023 Share Posted April 2, 2023 5 minutes ago, nuckin_futz said: Raise the retirement age to 'death', problem solved. 1 Link to comment Share on other sites More sharing options...
Elias Pettersson Posted April 3, 2023 Share Posted April 3, 2023 You know the economy is in trouble when McDonald’s is laying off employees… Link to comment Share on other sites More sharing options...
TheRocket18 Posted April 3, 2023 Share Posted April 3, 2023 Saudis and Russia cut 1 million barrels a day production... Suncor and trans mountain up tomorrow? Link to comment Share on other sites More sharing options...
Warhippy Posted April 3, 2023 Share Posted April 3, 2023 39 minutes ago, Elias Pettersson said: You know the economy is in trouble when McDonald’s is laying off employees… McDonalds has found a way to automate 1/3 of its entire workforce. Automated test stores that work with a skeleton crew have been tested for the last 3 years with the first truly automated store opening in texas back in December with very few issues. Automation will kill and has killed more jobs than any level of government policy ever has. https://globalnews.ca/news/9370313/mcdonalds-robots-automated-restaurant-texas/ 1 Link to comment Share on other sites More sharing options...
BCNeil Posted April 3, 2023 Share Posted April 3, 2023 28 minutes ago, TheRocket18 said: Saudis and Russia cut 1 million barrels a day production... Suncor and trans mountain up tomorrow? I would assume so. With wti up $4 and the Canadian dollar the only currency not down pretty bad vs US. Link to comment Share on other sites More sharing options...
Elias Pettersson Posted April 3, 2023 Share Posted April 3, 2023 2 minutes ago, Warhippy said: McDonalds has found a way to automate 1/3 of its entire workforce. Automated test stores that work with a skeleton crew have been tested for the last 3 years with the first truly automated store opening in texas back in December with very few issues. Automation will kill and has killed more jobs than any level of government policy ever has. https://globalnews.ca/news/9370313/mcdonalds-robots-automated-restaurant-texas/ I wonder if the cooking of the food is being automated as well. Imagine eating a Big Mac and fries made by a robot… Link to comment Share on other sites More sharing options...
Warhippy Posted April 3, 2023 Share Posted April 3, 2023 35 minutes ago, TheRocket18 said: Saudis and Russia cut 1 million barrels a day production... Suncor and trans mountain up tomorrow? I just increased my stakes in $50k between Mackenzie Equity Series A and Canoe defensive international by $50k last week. Both have significant shares in numerous oil and gas as well as pipeline companies and energy in general. Expecting a solid run on Suncor, Pembina and Enbridge or cenovus tomorrow. Will possibly trim if I see a 10% increase this week Link to comment Share on other sites More sharing options...
Warhippy Posted April 3, 2023 Share Posted April 3, 2023 (edited) 2 minutes ago, Elias Pettersson said: I wonder if the cooking of the food is being automated as well. Imagine eating a Big Mac and fries made by a robot… It absolutely is. Conveyor belt style. mcDonalds did a TON of work investing in and perfecting the automation lines seen in Japans sushi restaurants. Burgers/fries/nuggets are all almost universally the same level of paint by numbers type of "cooking" https://people.com/food/sushi-restaurant-automated-robots/ Edited April 3, 2023 by Warhippy 1 Link to comment Share on other sites More sharing options...
ronthecivil Posted April 3, 2023 Share Posted April 3, 2023 On 3/28/2023 at 12:50 AM, Elias Pettersson said: Aren't all currencies basically digital now? How much cash is there in circulation in say Canada? I have like 100 bucks in my wallet that I use for "cash only" restaurants and what not. Other than that all the money I flow around is done digitally. If I borrow digital money to buy stocks whose shares are in my online account which is itself digital, aren't we already digital? Were all just ledger statements at the banks. Link to comment Share on other sites More sharing options...
nuckin_futz Posted April 3, 2023 Share Posted April 3, 2023 13 hours ago, Elias Pettersson said: You know the economy is in trouble when McDonald’s is laying off employees… This is a corporate shake up announced in January. They're not turfing burger flippers. Link to comment Share on other sites More sharing options...
ronthecivil Posted April 3, 2023 Share Posted April 3, 2023 20 hours ago, Elias Pettersson said: US Dollar going, going, gone? Weekly Recap 1) Saudi Arabia enters trade alliance with China, Russia, India, Pakistan, and four Central Asian nations to step further away from reliance on the US dollar. 2) China and France complete first LNG gas trade using Chinese Yuan, ending reliance on the US dollar for energy trades. 3) China and Brazil to settle trades in their own currencies, ditching the US dollar. 4) Brazil, Russia, India, China, and South Africa (BRICS) are developing a new currency, State Duma Deputy Chairman says. 5) Saudi Arabia partners with China to build a Chinese oil refinery for 83.7 billion yuan ($12.2 billion). 6) Kenya signs deal with Saudi Arabia and UAE to buy oil with Kenyan shillings instead of US dollars. 7) President of Kenya tells citizens to get rid of US dollars. 8) Association of Southeast Asian Nations considers dropping the US dollar, euro, yen, and British pound for local currency financial settlements. 9) El Salvador President officially signs bill eliminating all taxes on income, property, and capital gains for technology innovations. 10) US Senator Elizabeth Warren launches "anti-crypto" re-election campaign. 11) India to settle trade in Indian rupees with certain countries instead of US dollars, Commerce Secretary says. 12) Chinese yuan surpasses the euro to become Brazil's second-largest currency in foreign reserves. 13) US government to sell 41,500 #Bitcoin ($1.18 billion) connected to Silk Road, in four batches this year. 14) Hong Kong regulators to assist #crypto firms with banking in effort to become a digital asset hub. 15) #Binance and CEO sued by US CFTC over alleged regulatory violations 16) US Social Security funds are projected to run out by 2033, Reuters reports. 17) 5 major banks raided by French authorities in €100 billion fraud investigation 18) Former President Trump says President Biden is directly responsible for the bank failures and creating an economic catastrophe that will only get worse. 19) MicroStrategy purchases an additional 6,455 #Bitcoin ($150 million). 20) President Biden says the banking crisis is "not over yet." The US is a net exporter of oil. If they aren't buying that much oil, why use their currency? Being a net exporter of oil isn't really going to hurt the US financially IMHO. Link to comment Share on other sites More sharing options...
ronthecivil Posted April 3, 2023 Share Posted April 3, 2023 12 hours ago, Warhippy said: McDonalds has found a way to automate 1/3 of its entire workforce. Automated test stores that work with a skeleton crew have been tested for the last 3 years with the first truly automated store opening in texas back in December with very few issues. Automation will kill and has killed more jobs than any level of government policy ever has. https://globalnews.ca/news/9370313/mcdonalds-robots-automated-restaurant-texas/ Are we trying to save min wage McJobs or are we trying to get cheap burgers? Growing the economy and more importantly increasing productivity is most definitely DISINFLATIONARY!!!! Go robots go! Link to comment Share on other sites More sharing options...
UnkNuk Posted April 3, 2023 Share Posted April 3, 2023 2 hours ago, ronthecivil said: The US is a net exporter of oil. If they aren't buying that much oil, why use their currency? Being a net exporter of oil isn't really going to hurt the US financially IMHO. But isn't the concern that, if countries don't need to buy US dollars to buy oil, the value of the US dollar will drop? Link to comment Share on other sites More sharing options...
WeneedLumme Posted April 3, 2023 Share Posted April 3, 2023 3 hours ago, UnkNuk said: But isn't the concern that, if countries don't need to buy US dollars to buy oil, the value of the US dollar will drop? Yes. Link to comment Share on other sites More sharing options...
AV's Coin Posted April 4, 2023 Author Share Posted April 4, 2023 1 1 Link to comment Share on other sites More sharing options...
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