A part of the explanation of why these Russian banks work so well is that the government rules are different. Actions that would gain admiration in US banking would result in facing a firing squad in Russia, At least that is my impression. So there is a difference in rules.
My big question is "how did the Canadian government get so smart?" when here in the USA our government has chosen to bury us in debt and fuel the fires of inflation.
Those nasty "Unintended secondary effects" are doing damage and will continue to do damage for a long time. But the present result of all of this spending is the inflation. At the same time that the closing and lockdowns are cutting many personal incomes, the inflation is boosting the prices of almost every item that folks NEED. Creating all of this stimulus money is good for stocks today, but bad for everybody tomorrow. But the greed-fueled central bank does not see tomorrow yet, only today's stock prices and profits. Fueling inflation while burdening the unborn with a crushing load of debt is not the best choice, at least not for the 99%.
Separately, the death rates are changing because the fragile folks are dying and they only die one time for our records. And certainly doctors are gaining experience in treatments and learning how to avoid spreading the disease. So there is some gaining in the ability to handle the infections. And one additional thing is looking at the proportions instead of te absolute numbers. The proportion being infected is not huge, and the proportion of the infected that die is not huge. Yes, it is a lot of people but it is not most people. Certainly that sounds a bit insensitive, but reality must be known.
Definitely the Enbridge organization is profitable today, and has been profitable in the past. Of course part of that profitability has come from taking shortcuts on responsibility regarding safety, primarily environmental safety. So while folks can profit very well with this company there may be a time when an unfortunate accident of some kind will result in a penalty adequate to remove that profitability.
My hope is that before that can happen the top management at Enbridge will decide that it is better to prevent the disaster than to have to repent after it happens.
OK, I agree that the recovery will continue, because what is the alternative? A growing collapse and the end of our present way of life? Total anarchy? Or possibly a return to the dark ages? Since none of those seem like they would be embraced by society, I favor recovery. But since this virus plague was not the cause, but rather a string of wrong moves by the banks and the federal government, said recovery will not be painless. We might suffer a recession, in which case my financial holdings will be worth only the paper they are printed on, or more likely,we will suffer inflation, in which case all my holdings may be able to buy one last meal. And all because poorly advised individuals choose only to look at today, forgetting that tomorrow will arrive fairly soon, one of the few dependable predictions that has been right every time, so far.
Once again, I will mention that I do believe that frequent disclaimer we see, "Past performance is no guarantee of future performance." Certainly the pushers of sunshine want us to believe that that the past does prove the future. But the real value of the past is learning from the mistakes about what choices are not going to work next time, either. It is indeed quite handy to not make the same mistake repeatedly. Besides being unprofitable, repeating a mistake damages one's credibility a bit.
Not "everybody" is wrong, The error is embraced primarily by the four classes listed. The huge challenge is how to get those drunks out of the driver's seat befor they create a much larger crash. I don't have a legal answer for that.
Indeed, savings will be needed to make the recovery work, if there ever is a true recovery. And while savings may be the solution, the Fed is working against savings by throwing fuel on the inflation fire.. Increasing the supply of money is the way to keep some folks portfolios healthy, but it is also the way to reduce the value of all savings.
Do I object to this attack on my savings? Certainly I do. Will I remember who did it when the time for paybacks eventually arrives? Certainly I will. Will the response be sweet and gentle? No Way in Hell will the payback be "sweet and gentle"!! There are institutions that are guilty, and to prevent the same things from happening again and again those institutions need to be ground into dust beneath the heel of change.
Perhaps that sounds a bit harsh, Warnings do need to be as intense as the problems they address, at least some times.
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Daily Stock Pick: Ryder System
Interesting. I had not paid attention to Ryder.
Top 5 Eastern European Banks To Keep An Eye On
A part of the explanation of why these Russian banks work so well is that the government rules are different. Actions that would gain admiration in US banking would result in facing a firing squad in Russia, At least that is my impression. So there is a difference in rules.
Canada Has The Fiscal Capacity To Finance The COVID Created Deficit
My big question is "how did the Canadian government get so smart?" when here in the USA our government has chosen to bury us in debt and fuel the fires of inflation.
We Are All Jains Now
I must have missed the summary conclusion in this posting.
Coronavirus: Let's Move On
Those nasty "Unintended secondary effects" are doing damage and will continue to do damage for a long time. But the present result of all of this spending is the inflation. At the same time that the closing and lockdowns are cutting many personal incomes, the inflation is boosting the prices of almost every item that folks NEED. Creating all of this stimulus money is good for stocks today, but bad for everybody tomorrow. But the greed-fueled central bank does not see tomorrow yet, only today's stock prices and profits. Fueling inflation while burdening the unborn with a crushing load of debt is not the best choice, at least not for the 99%.
Separately, the death rates are changing because the fragile folks are dying and they only die one time for our records. And certainly doctors are gaining experience in treatments and learning how to avoid spreading the disease. So there is some gaining in the ability to handle the infections. And one additional thing is looking at the proportions instead of te absolute numbers. The proportion being infected is not huge, and the proportion of the infected that die is not huge. Yes, it is a lot of people but it is not most people. Certainly that sounds a bit insensitive, but reality must be known.
Enbridge: Stable In The Current Environment With Growth Prospects
Definitely the Enbridge organization is profitable today, and has been profitable in the past. Of course part of that profitability has come from taking shortcuts on responsibility regarding safety, primarily environmental safety. So while folks can profit very well with this company there may be a time when an unfortunate accident of some kind will result in a penalty adequate to remove that profitability.
My hope is that before that can happen the top management at Enbridge will decide that it is better to prevent the disaster than to have to repent after it happens.
Will The US Economic Rebound Continue?
OK, I agree that the recovery will continue, because what is the alternative? A growing collapse and the end of our present way of life? Total anarchy? Or possibly a return to the dark ages? Since none of those seem like they would be embraced by society, I favor recovery. But since this virus plague was not the cause, but rather a string of wrong moves by the banks and the federal government, said recovery will not be painless. We might suffer a recession, in which case my financial holdings will be worth only the paper they are printed on, or more likely,we will suffer inflation, in which case all my holdings may be able to buy one last meal. And all because poorly advised individuals choose only to look at today, forgetting that tomorrow will arrive fairly soon, one of the few dependable predictions that has been right every time, so far.
TalkMarkets Tuesday Talk: More Fireworks And WAM
Once again, I will mention that I do believe that frequent disclaimer we see, "Past performance is no guarantee of future performance." Certainly the pushers of sunshine want us to believe that that the past does prove the future. But the real value of the past is learning from the mistakes about what choices are not going to work next time, either. It is indeed quite handy to not make the same mistake repeatedly. Besides being unprofitable, repeating a mistake damages one's credibility a bit.
Everybody Is Wrong
Not "everybody" is wrong, The error is embraced primarily by the four classes listed. The huge challenge is how to get those drunks out of the driver's seat befor they create a much larger crash. I don't have a legal answer for that.
The Savings Rate Is The Key To An Economic Recovery
Indeed, savings will be needed to make the recovery work, if there ever is a true recovery. And while savings may be the solution, the Fed is working against savings by throwing fuel on the inflation fire.. Increasing the supply of money is the way to keep some folks portfolios healthy, but it is also the way to reduce the value of all savings.
Do I object to this attack on my savings? Certainly I do. Will I remember who did it when the time for paybacks eventually arrives? Certainly I will. Will the response be sweet and gentle? No Way in Hell will the payback be "sweet and gentle"!! There are institutions that are guilty, and to prevent the same things from happening again and again those institutions need to be ground into dust beneath the heel of change.
Perhaps that sounds a bit harsh, Warnings do need to be as intense as the problems they address, at least some times.