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Thread: Recession?

  1. #1561
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    Quote Originally Posted by Trueturning View Post
    Yep I do think this has disrupted supply lines and business in General. If no one else can get the items then likely everyone is the same boat.

    I think someone as determined as you are might figure out how to grease up the sticking parts so to speak. Sometimes they may put you first if you pay in advance or pay early. That helps cash flow. Also you may even get a even better deal if you place another order down the road and offer good payment arrangements.

    It might work because if they are hurt by this Pandemic they first start looking for life preservers / good customers to support them now. Most likely they will return the consideration in spades.

    Send Limi out some neat stuff and let him pull some strings along with calling in a couple of favors he has. He might accept some top notch American beer so that he can hand some out to the hard workers who are behind on order fulfillment.
    Please don't!

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    Quote Originally Posted by JoeE. View Post
    There have been a number of states and localities that have declared "gun stores" essential services!!!

    Their excuse is "at times like these, citizens need to have access to guns and ammunition."

    Some states have gone so far as to decree abortion clinics as non-essential in the big scheme of things, and as such ordered them closed.

    Sounds like dog-whistle vote pandering to me... nothing to do with helping the economy or our citizenry. The republicans just can't help themselves.
    Why would one intentionally shut them down if they can stay open? Law abiding citizens are allowed to buy guns and unless that changes people can even buy them to defend themselves.

    It is wrong to point a finger at law abiding people and essentially ban sales or possession or firearms.

    Thing is that the concerns over gun violence in the country they already will ban anyone who has a domestic violence conviction. Take away their right. Because of a conviction misdemeanor. Those numbers are proven to allow that and by extension then any firearms can be classed that way.

    One can justify the action of further ban or prohibition.

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    Quote Originally Posted by otrlt View Post
    Fortunately, all of my suppliers are doing business, one of them (this weekend) processed my parts on a Saturday (they are usually closed on weekends). Tomorrow I will be purchasing hundreds of pounds of alloy steel, if I don't get prompt service, McMaster and MSC will gladly fill my order, and my UPS driver will deliver.
    The man started this thread and still is polite in the face of name calling by anti conservatives. Just because he is optimistic from the start on the Economy and the stock market he is attacked and still also keeps his cool.

    Don’t blame Otrlt that your stocks went down because he is not responsible for that. He did not push anyone to do anything as he related what he was doing.

    TR posts very nice charts and gives good insight into the stock market and the information he provides can be validated just like the charts he shares with us. People draw their own conclusions based on polite discussion of this subject.

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    Quote Originally Posted by Limy Sami View Post
    Please don't!
    OK Limi I won’t.

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    Quote Originally Posted by Trueturning View Post
    Send Limi out some neat stuff and let him pull some strings along with calling in a couple of favors he has. He might accept some top notch American beer so that he can hand some out to the hard workers who are behind on order fulfillment.
    "top notch American beer"

    ROFLMAO.

    PDW

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    please accept my humble apologies Sami.

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    The not so special blue dot has finally made it past a line.


    Previous journey showed a point to point trip of 28000 - 18400. Trading reasonably well there was lot more than on the table if youre equipped for the volatility. The pull back from 23600 was a nice favour from mr market for the final out and get at least a half for the new play.


    Quote Originally Posted by otrlt View Post
    The US doesn't operate like the UK because our Fed isnt a national entity and it governs the worlds reserve currency. The steady flow of doubt of our abilities to pump n pay is laughable. US inflation can have us flush with cash in button press, and even if I weren't in my right mind would you bet against the US?
    Well said my friend! All aboard for 35000!!

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    aint it great we could contribute?

    i feel all warm amd fuzzy now....awww, shucks.

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    Quote Originally Posted by Demon73 View Post
    The not so special blue dot has finally made it past a line.


    Previous journey showed a point to point trip of 28000 - 18400. Trading reasonably well there was lot more than on the table if youre equipped for the volatility. The pull back from 23600 was a nice favour from mr market for the final out and get at least a half for the new play.



    Well said my friend! All aboard for 35000!!
    I have no problem with your opinion, I would appreciate that you don't alter my original statement.


    meanwhile, no change here...always fully invested, always bullish.

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    Quote Originally Posted by iwananew10K View Post
    aint it great we could contribute?

    i feel all warm amd fuzzy now....awww, shucks.
    Its tough to share the room with a man of greatness, but I for one am thankful for guidance in these trying times.

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    Quote Originally Posted by otrlt View Post
    I have no problem with your opinion, I would appreciate that you don't alter my original statement.


    meanwhile, no change here...always fully invested regardless of the draws or missed opportunity, always bullish because in inflation we trust.
    I will do my best brother. Actually im lying, sorry not sorry.

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    So old Comrade Bernie dropped out of the Presidential race. Looks like Chinese Flu didn't leave him enough US economy to ruin if he won eh, job done.

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    Business as usual or are we going to slide into a protracted bear trend.


  17. #1574
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    How in gods name do we not get a recession.
    Read my lips, CONSUMERS.
    Bob

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  19. #1575
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    I just watch the chart Bob- I have never been bright enough to guess what drives it..

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    I shall repeat (more or less) what I posted a few pages back.

    Okay, assuming the virus emergency ends in (say) 3 months, who is going to have the money to spend on manufactured and consumer items.

    Everyone will be up to their eyeballs in debt from just staying alive, the 2nd hand market will be awash with anything that can raise a few $ to live on, ………….while the ''lucky few'' that still have money, would be plain out of their tiny minds to want to travel anywhere they do not absolutely have to.


    P.S. I will now add, that come the end of this pandemic, the whole world will be in such a financial mess, that the world - as each and every country in unison will have to find a way of writing off the amassed debt and starting over.

    They managed it in a small way in the 08 crash, …...but with every country involved, there will be no option for the entire world cannot saddle the next 2 generations with the massive amount of debt,...….that under the present rules will ''never'' be paid off.

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    Sam, *They're* now looking at money (and debt) differently.
    The United Nations have said it - the way that money is thought of and the whole financial structure will have to change from the last 100 years to tackle Climate Change (paraphrasing).
    Regarding being poor...Spain finance minister has announced they will roll out the UBI (Universal Basic Income - Bernie Sanders won afteral!). And she said that it won't be just for now, but will be continued indefinitely.
    This is their push to kill the black market - get everyone signed up on the tax system with a bank account, and give them some small amount that today they are grateful for.
    Then they gotcha going forwards...

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    The really odd/sad thing is that those of us who are now dependant on savings/pensions are probably better off at the moment, because we aren't spending quite as much (£150 less in the last month according to my bank account). OK, the investments have tanked, but they might come back. I guess it's up to all of us to try to get things moving/keep things moving as best we can and help everyone to get back to work when possible.

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    Quote Originally Posted by Limy Sami View Post
    ...assuming the virus emergency ends in (say) 3 months, who is going to have the money to spend on manufactured and consumer items.
    1. It doubt it will take 3 months here, nobody would stand for it. My bet is four weeks tops, from the time the first statewide stay-at-home order was issued. As soon as the hospitalization rate drops to the point where our media can't pretend otherwise, it's over. To paraphrase Trump, open back up and live with it.

    2. Pent-up demand will get manufacturing caught up pretty quick. If you're 20 and don't get your barista job back, well, you can always run for Congress.

    3. We aren't under a lockdown in Wyoming. The schools, restaurants, bars, movies, daycare, etc. are closed—understandably, because that's where you get sick anyway, Wuhan or no Wuhan. We wear masks when leaving the building, wipe incoming parcels down with alcohol, and stay as far away from each other as possible. As long as there is sufficient revenue to support everybody's wages and taxes we will keep working 40-hour weeks. Unless of course somebody comes down with it, but until then collective impoverishment seems like the greater risk.

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    Quote Originally Posted by Mark Rand View Post
    The really odd/sad thing is that those of us who are now dependant on savings/pensions are probably better off at the moment, because we aren't spending quite as much (£150 less in the last month according to my bank account). OK, the investments have tanked, but they might come back. I guess it's up to all of us to try to get things moving/keep things moving as best we can and help everyone to get back to work when possible.
    Is your pension okay?
    Not that I had alot in there, but mine dropped 10k£.
    I know a chap who has so far lost 75k in his...

    And I'd be REALLY careful of having money in the bank.
    I'm sure a haircut/bailin is coming (vis-a-vis Cyprus 2012 financial crisis test run...)


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