Second Referendum

True the stock markets are anticipating his tax cuts and derestrictions in the financial markets. But equities have been king for a long time as there been **** all return for investors elsewhere.

 

You are missing the rather obvious point that if you are allowed to put unlimited carbon into the atmosphere at no cost then you are going to have cheap electricity and risk drowning half the population over the next 100 years.
I think you are lying about the Guardian quote as it’s always been true that renewables are more expensive.
This is exactly the sort of issue where international laws are needed to stop a few countries destroying others from a distance. If you relied on water from glaciers in the Andes you might have a different view.

 

The null hypothesis is that nothing that Trump has done can yet have affected the economy. If you believe the opposite it is you that have the burden of proof. All the data is consistent with the null hypothesis.
Your graph above is an exact illustration of your mistake on Trump.

 

Are you ****ing serious?

Have you seen those numbers?

Why aren't more people up in arms????

 

Jeez! Those figure and those stats.

Incredible. Where did you dig them out?

 

Erm....I might have read a few of em!






It was supposed to be a ****ing graph!...that’s what I copied and then it pastes that ****! .

 

Just a bit too deep **** for a Saturday night after a few beers mate.

Keep going with the graphs though mate. You can never get enough of them

 

I'm glad to see the use of graphs is on the up.

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I'll get my coat

 

We've confiscated your coat mate.

There are standards after all

 

Every word of that is cobblers mate. The US economy was, in comparison to the rest of the developed world, in reasonable shape when the man-child got the keys to the WhiteHouse.

The $ is now ****ed though.

 

You make good points in your last few posts, definitely not as simple as I laid out NSIS.

 

There’s a strong case for calling most equity markets well overvalued. PEs are looking ridiculous in some cases.

I think there’s either got to be a strong boost in corporate performance to start to justify these ratios or inevitably it’ll all come to go sticky end with mkts crashing.

Just wish I knew when!...

 

you may be right.

can't see the sticky end, may, will see negative fluctuations, but can't see markets crashing.

If the underlying growth is manufacturing and job growth, a growing middle class and so growing industries beneath, it provides some durability.

The US problem has been for a long time, that financial services and trading has made up far to great a share of the market.
Real tangible jobs and wealth give stability, not guaranteed increases, but better able to take small to medium shocks and make them far more transient in effect.

When your markets depend so much on "confidence" as has been the case, it takes as we have seen one bad media report to see things fall suddenly and drastically, as per that report Trump was going to be impeached. Stocks plummeted in minutes

Right now, deregulation is also going to see growth, especially with SMEs

regulation crushes SMEs in Europe
and now their renewable targets are going to smash growth further

 

If growth can start to produce the kind of corporate performance to justify some of the current PE ratios then a crash can be avoided. But that’s a big if right now.

If not, then it’s just a matter of time.

Markets are always driven by confidence, or lack of. They’re also highly irrational. There’s an old City motto that it runs on either fear or greed. One or the other is usually in control. When it’s greed you get what Greenspan once termed ‘irrational exuberance’ ( also known as blind greed!) mkts become irrationally overbought and the upshot is inevitable. Seen it so many times, but it still never changes.

It will be interesting to see what form of deregulation Trump tries to push through and what if any effect it has on the economy. Having a strong manufacturing base is a great idea, so long as you are competitive and can sell what you produce.

As far as energy goes, I think countries should use renewable energy where possible. That obviously depends on the natural resources of that country and how easily they can be resourced. Here in Spain, for instance, they have an almost perfect scenario. Sun ( 300+ days a year of it in most parts), wind, and of course the sea.

 

I remember all that. That is very embarrassing to think I even done that, then went on to deny that the other account was my account .

(PS I am having fun recovering old threads, been away for 3 years so having a good old read).

 

Talking to yourself is normal right?

 

You sound like a weirdo

 

It must have been a thing back then cause it sure doesnt seem normal to me now.

 

Who said that?

 

Was he just talking to himself again.