MisFit Kid Posted May 11, 2020 Report Share Posted May 11, 2020 Got a form letter today in the mail from the IRS/White House in an official IRS envelope reminding me of the stimulus check they sent me..... "fast and direct economic stimulus" signed President Donald J. Trump (they did not use his real signature) We really are in the Matrix..... >: The V Matrix Link to comment Share on other sites More sharing options...
Jimi Posted May 11, 2020 Report Share Posted May 11, 2020 Are the richest rich enough yet? Link to comment Share on other sites More sharing options...
Jorma Posted May 11, 2020 Report Share Posted May 11, 2020 3 minutes ago, Jimi said: Are the richest rich enough yet? No. Still, as always. Our rich are too poor and our poor are too rich. Although admittedly great strides are now being taken to remedy the latter. I expect a poverty rate of 25%. That's the American norm. Link to comment Share on other sites More sharing options...
DrStool Posted May 11, 2020 Author Report Share Posted May 11, 2020 A subscription to the online magazine Central Banking costs 3,900 euros per year. Link to comment Share on other sites More sharing options...
Jimi Posted May 11, 2020 Report Share Posted May 11, 2020 3 minutes ago, DrStool said: A subscription to the online magazine Central Banking costs 3,900 euros per year. They're leveraging an exclusive "Janet Yellen Centerfold" issue.... Link to comment Share on other sites More sharing options...
Jimi Posted May 11, 2020 Report Share Posted May 11, 2020 (Sneak peak...) Link to comment Share on other sites More sharing options...
jp6 Posted May 11, 2020 Report Share Posted May 11, 2020 4 hours ago, fxfox said: Doc, you sound like you gave up.😔 Fox what r u doing with your Euro which is worse then Droller. It has lost against most assets. Here is something to think about. Iran (US) stock index breaks through 1 million mark ($3000) booming stock market is at odds with Iran’s economic fundamentals, which are deteriorating under the weight of sanctions and the coronavirus outbreak, Nasty looking for 20k by 2023 then downhill? Link to comment Share on other sites More sharing options...
DrStool Posted May 11, 2020 Author Report Share Posted May 11, 2020 The Croatian big kuna (or k'nhora if you're Jewish) is pegged to the Europe pee in currency, the egyro. The phyllis diller has risen to 7 k'nhora. I had 3 pizzas delivered the other night for $25. With toppings. Delivered. Including the tip. And 13% VAT. It's a little hard to get your head around the dollar strength with the Fed printing the way it is. Link to comment Share on other sites More sharing options...
Jimi Posted May 11, 2020 Report Share Posted May 11, 2020 9 minutes ago, DrStool said: The Croatian big kuna (or k'nhora if you're Jewish) is pegged to the Europe pee in currency, the egyro. The phyllis diller has risen to 7 k'nhora. I had 3 pizzas delivered the other night for $25. With toppings. Delivered. Including the tip. And 13% VAT. It's a little hard to get your head around the dollar strength with the Fed printing the way it is. This guy's been pounding the table about "the $13 trillion global dollar short position." https://twitter.com/RaoulGMI I don't entirely understand it. Link to comment Share on other sites More sharing options...
Jimi Posted May 11, 2020 Report Share Posted May 11, 2020 I guess if you flood an economy with dollars (check), but velocity drops off precipitously (check), then those dollars do not pass into the hands of those offshore who need them to finance their dollar-denominated debt. Link to comment Share on other sites More sharing options...
fxfox Posted May 11, 2020 Report Share Posted May 11, 2020 30 minutes ago, jp6 said: Fox what r u doing with your Euro which is worse then Droller. It has lost against most assets. Here is something to think about. Iran (US) stock index breaks through 1 million mark ($3000) booming stock market is at odds with Iran’s economic fundamentals, which are deteriorating under the weight of sanctions and the coronavirus outbreak, Nasty looking for 20k by 2023 then downhill? When EUR/USD goes down buy US stocks, when EUR/USD goes up buy German stocks. 😉 Forget the Iranian stock exchange. Doesn‘t matter, in no way. Same counts for Venezuela or Zimbabwe. What I found more interesting is that the Saudis introduce a 15% VAT. They had no VAT before. THAT is a colosaal shift. Link to comment Share on other sites More sharing options...
DrStool Posted May 11, 2020 Author Report Share Posted May 11, 2020 There's no such thing as velocity as like, a thing that causes stuff to happen. V is just the quotient of GDP/money. Falling V is just the mirror image of the rate money printing that exceeds exceeds the rate of GDP growth. Link to comment Share on other sites More sharing options...
DrStool Posted May 11, 2020 Author Report Share Posted May 11, 2020 The rally feels kaputski. Link to comment Share on other sites More sharing options...
DrStool Posted May 11, 2020 Author Report Share Posted May 11, 2020 I have no technical basis for saying that. Link to comment Share on other sites More sharing options...
DrStool Posted May 11, 2020 Author Report Share Posted May 11, 2020 The caysh mock it closed dead flat? Link to comment Share on other sites More sharing options...
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