Credit deflation and the reflation cycle to come (part 2)

[Barnsey]

Biden's stimmy cheques would have been via Fedcoin if the tech was there, I think younger generations won't hesitate to adopt so I wonder if it's introduction will be led by a giveaway to the under 30s, targeting some key elements of inequality?

Sunak clearly looking to go big on this, come one come all...

 

[Noallegiance]

7 hours ago, JMD said:

Regarding future tax revenue oversight and controls, perhaps it's not all bad news. I mean with AI and Blockchain couldn't all corporate accounts be made equally as transparent to the government tax inspectors? And along with capitol controls placed on all tax havens I'm thinking a lot more tax globally would be raised by government. 

This is not good news.

The ability for unproductive bloated government to increase the amount of wealth it can steal from the private sector is not to be celebrated, IMO.

I bet governments don't Blockchain themselves so we cans we what they're doing.

Small government leaving us the fuck alone is what I'm after.

[Noallegiance]

31 minutes ago, desertorchid said:

Average Earnings Report UK- 4.4%

How the hell has average earnings risen in the last year by 4.4% unless this is purely inflationary? There cannot been any increase in productivity or growth in the real economy to otherwise explain this. Flies in the face of all known economic theory if not.

Low earning jobs lost = skewed upside.

Same with house prices. Low end sales not happening = skewed toward high end prices.

[Noallegiance]

43 minutes ago, JimmyTheBruce said:

According to the lead story on the BBC this morning, the proles are busy making banners about some fellas kicking a ball about.  Seems the PM and parliament also have it high on their agenda.  Why do I feel like my attention is intentionally being diverted from something that is actually important 🤔

I'll keep watching, I'm sure the piece on inflation, CBDCs, creeping socialism, and the impending implosion of the economy will be on next.......

I thought this last night and skimmed the current list of parliament law debates.

Nothing jumped out, but they could call a shit in the eye for every man, woman and child something like 'animal produce redistribution' and we'd be none-the-wiser.

[VeryMeanReversion]

35 minutes ago, desertorchid said:

Average Earnings Report UK- 4.4%

How the hell has average earnings risen in the last year by 4.4% unless this is purely inflationary? There cannot been any increase in productivity or growth in the real economy to otherwise explain this. Flies in the face of all known economic theory if not

Low paid jobs gone, what's left bumps up the average.

[Lightscribe]

51 minutes ago, desertorchid said:

Average Earnings Report UK- 4.4%

How the hell has average earnings risen in the last year by 4.4% unless this is purely inflationary? There cannot been any increase in productivity or growth in the real economy to otherwise explain this. Flies in the face of all known economic theory if not.

Buying and selling houses to one another and what VMR says above. Most of the low income working families have realised that they are better off on tax credits. With house prices, the stamp duty holiday moves houses around towards the middle/higher bracket.

Both result in an increase of house prices and average earnings, by taking the lower plebs out of the equation, win win! Everything is awesome 😎 

[desertorchid]

50 minutes ago, Lightscribe said:

Buying and selling houses to one another and what VMR says above. Most of the low income working families have realised that they are better off on tax credits. With house prices, the stamp duty holiday moves houses around towards the middle/higher bracket.

Both result in an increase of house prices and average earnings, by taking the lower plebs out of the equation, win win! Everything is awesome 😎 

Incredible! I can see how those in charge see this as desirable based on the Economic data alone. Why not have 10000 people earning 1billion each and give everyone else a "living wage" from a digital currency so they can eat, shit, sleep, joina gym and watch netflix.

[Harley]

1 hour ago, JimmyTheBruce said:

According to the lead story on the BBC this morning, the proles are busy making banners about some fellas kicking a ball about.  Seems the PM and parliament also have it high on their agenda.  Why do I feel like my attention is intentionally being diverted from something that is actually important 🤔

I'll keep watching, I'm sure the piece on inflation, CBDCs, creeping socialism, and the impending implosion of the economy will be on next.......

Three take aways from all this:

. This is part of a larger trend underway in stocks and elsewhere:  the privatisation (prole exclusion) from wealth and its creation.  Everything will soon be owed by some opaque private entity in thee Caribbean, UAE, etc.

. The Government has no qualms about interferring in anything, indeed they immediately see it as their duty.  Plus they want to condition you to think it's good and provide cover for what they really want to do.

. Yet again, people are boiling frogs living solely in the now who will sign away so much without much forethought.  This latest is just a continuation of an existing pattern of abuse.  People have ceded control to the government.  They could have voted with their wallets in the past but didn't and government have again seen an open goal!

How to destroy something with the least cost?  Bit by bit.  Erosion through a gentle breeze.  Should be a Chinese proverb.  This is more that just about sport but most will pretend or believe that is all it is.

 

[JimmyTheBruce]

Another poke in the eye for tobacco.....

https://www.msn.com/en-us/money/companies/cigarette-makers-plunge-on-news-that-us-may-curb-nicotine/ar-BB1fPg9b

Might buy some more BATS 

 

[Fully Detached]

BBC News website this morning includes stories:

• Employment "subdued" after unemployment drops only a little to 4.9%
• Primark sees sales surge as lockdown restrictions eased
• Car insurance premiums see biggest price drop in 6 years

Wife also heard on the radio yesterday that retail footfall last week was 80% up on the week before, when non-essential retail was still forced to remain closed . I've come to the conclusion that any of these stats are pure bullshit and you can only trust what you see with your own eyes.

My wife runs the discount branch of a small chain of clothing stores. Prior to covid hers was the highest performing store in the group, so I'm keen to see what happens now as it will indicate what confidence and spare cash people really have. Last week her sales were on a par with the other stores, but it was half term and apparently that screws the figures up somewhat, so we might get a better read by the end of this week.

[dnb24]

3 hours ago, Mapper said:

And let's not forget, some coppers like to drink, some politicians like to smoke.

Another internet story- but I have a solid source whose drug dealer was going to go public in 2019 before general election that apparently could have changed the outcome. He retracted his black book of pol clients because he stood to lose too much money (his words were they were his best customers), despite the papers offering huge bucks for the story.

[DurhamBorn]

1 minute ago, Harley said:

Three take aways from all this:

. This is part of a larger trend underway in stocks and elsewhere:  the privatisation (prole exclusion) from wealth and its creation.

. The Government has no qualms about interferring in anything, indeed they immediately see it as their duty

. Yet again, people are boiling frogs living solely in the now who will sign away so much without much forethought.  This latest is just a continuation of an existing pattern of abuse.

This is more that just about sport but most will pretend or believe that is all it is.

 

Indeed,and what i find interesting is the fact football hasnt cared about fans for 15 years+.Its just an argument over who the parasite sucking the blood should be now.Though i admit iv never understood why people watch it anyway.

It seems now they can control private wealth through legislation.Notice today in the governments latest green targets it mentions people need to walk and cycle more.Of course it means ordinary people,not them.

In the US the annual rumour about legislation on nicotine levels.They might try for it this time and iv heard it every year since 1994 .

As more people rely on the state for income,less people care about the theft and destruction of capital.

[Mapper]

1 hour ago, JimmyTheBruce said:

According to the lead story on the BBC this morning, the proles are busy making banners about some fellas kicking a ball about

Can't even rely on the proles these days!

Time to invest in Greggs and Chipperfield's.

[DurhamBorn]

8 minutes ago, JimmyTheBruce said:

Another poke in the eye for tobacco.....

https://www.msn.com/en-us/money/companies/cigarette-makers-plunge-on-news-that-us-may-curb-nicotine/ar-BB1fPg9b

Might buy some more BATS 

 

I first bought BAT around the time the first report on this came out in 1994 .Its an annual thing,though they might try to get it in with the Biden lot.Years of legal wrangling though,maybe decades.Tobacco companies are used to all this.FDA controls things and they are evidence based.Iv dealt with them in pharma and they are very very careful.

[M S E Refugee]

12 minutes ago, JimmyTheBruce said:

Another poke in the eye for tobacco.....

https://www.msn.com/en-us/money/companies/cigarette-makers-plunge-on-news-that-us-may-curb-nicotine/ar-BB1fPg9b

Might buy some more BATS 

 

I just sold out of all them yesterday!

It is open season on any business that isn't Woke.

 

[Harley]

11 minutes ago, Fully Detached said:

Wife also heard on the radio yesterday that retail footfall last week was 80% up on the week before

Here we go, that's how things will be presented.  80% up on something that was down say 80%, is still down x% from the original level.  This is what I keep telling myself when I hold my nose and buy stocks that have bounced.

PS:  Sorry, can't be arsed to do the mathematics and not that important. 

[Fully Detached]

1 minute ago, Harley said:

Here we go, that's how things will be presented.  80% up on something that was down say 80%, is still down x% from the original level.  This is what I keep telling myself when I hold my nose and buy stocks that have bounced.

PS:  Sorry, can't be arsed to do the mathematics and not that important. 

Yep, every time I look at a stock that gets mentioned on here it looks overpriced until you switch to the 5 year chart. t which point it looks a lot more attractive.

[Harley]

11 minutes ago, DurhamBorn said:

I first bought BAT around the time the first report on this came out in 1994 .Its an annual thing,though they might try to get it in with the Biden lot.Years of legal wrangling though,maybe decades.Tobacco companies are used to all this.FDA controls things and they are evidence based.Iv dealt with them in pharma and they are very very careful.

Haven't read the article but wouldn't people just, er, buy more ciggies!  .  Funny, my system suggested the latested uptick in tobacco stocks was fake.  A1!  Might be able to buy some overseas stocks if this is a general rout, but not that Japanese one as this won't help improve their balance sheet!

[Harley]

13 minutes ago, M S E Refugee said:

I just sold out of all them yesterday!

It is open season on any business that isn't Woke.

 

Question is whether that's just in the "Kingdoms of Wokeness" or also in the far off "Lands of Old"!  And will the "Dark Lords of Woke" prevent us little people in our perilous journey for real precious!

[Hancock]

30 minutes ago, Harley said:

. The Government has no qualms about interferring in anything, indeed they immediately see it as their duty.  Plus they want to condition you to think it's good and provide cover for what they really want to do.

The govt/CB's got involved to hand JP Morgan all these billions via the printing press, so the govt (pretend) to get involved to stop their bosses (JP Morgan) ruining the preferred sport of the masses.

[M S E Refugee]

3 minutes ago, Harley said:

Question is whether that's just in the "Kingdoms of Wokeness" or also in the far off "Lands of Old"!  And will the "Dark Lords of Woke" prevent us little people in our perilous journey for real precious!

I have used some of my Tobacco profits to buy some precious.

I've bought a little Centamin and Shanta Gold.

[Harley]

2 minutes ago, M S E Refugee said:

Shanta Gold

Whya nota, although yesa, maya hava further to a falla! 

[Mr X]

2 hours ago, JimmyTheBruce said:

According to the lead story on the BBC this morning, the proles are busy making banners about some fellas kicking a ball about.  Seems the PM and parliament also have it high on their agenda.  Why do I feel like my attention is intentionally being diverted from something that is actually important 🤔

I'll keep watching, I'm sure the piece on inflation, CBDCs, creeping socialism, and the impending implosion of the economy will be on next.......

Nailed. This is sheeple distraction

So, what's coming?

1. Another lockdown?

2. Fascist Vax Passports

[Noallegiance]

They're a hated sector again!

Tobacco stocks drop on report Biden is planning to limit cigarette nicotine (cnbc.com)

[Lightscribe]

https://www.newsweek.com/dogecoin-gets-support-newegg-snickers-milky-way-doge-day-1584885?amp=1

And if you needed any more proof of peak cycle clown world...

A digital meme coin with a dog on with no white paper or technical roadmap becomes official currency.

Due to the 130 billon circulating supply if it continues to increase in value, you can see why economies like Turkey want crypto banned. Maybe it will be allowed to continue to be the ‘straw’ that breaks the camels back for regulation.

You could argue is it any more silly than a plastic promise note with the queens head on I suppose.