|
LunarEclipse
Enlil's Official Story


Registered: 10/31/04
Posts: 21,407
Loc: Building 7
|
|
Today's idiot "bad is good" thought goes to Reed Hastings, CEO of Netflix, who proclaimed that "we are a billion dollars a year of cash flow negative, yet have a market capitalization of 50 billion dollars. If that's not evidence of confidence in our business, I don't know what is" or words to that effect. Then goes on to describe his recently enacted "unlimited vacation" policy and very recently enacted "unlimited child rearing period for both sexes after birth".
"Yeah, sorry Reed, I know I said this was the year for me to stop raising Timmy, after all he is 13 now. Maybe I can come in and talk with you about it next year after I get back from Tibet." - A Happy Netflix employee of the future
-------------------- Anxiety is what you make it.
|
zorbman
blarrr



Registered: 06/04/04
Posts: 5,952
|
|
The Baltic Dry Index Crashes To Its Lowest November Level In History
-------------------- “The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.” -- Rudiger Dornbusch
|
LunarEclipse
Enlil's Official Story


Registered: 10/31/04
Posts: 21,407
Loc: Building 7
|
Re: Global Depression IMMINENT [Re: zorbman]
#22487123 - 11/06/15 04:55 PM (8 years, 2 months ago) |
|
|
Quote:
zorbman said: The Baltic Dry Index Crashes To Its Lowest November Level In History

That's an interesting chart, look how high the numbers were in 2006 and 2007 compared to 2013 and 2014.
The surplus of oil in the world is at 80 year highs.
The disconnect of the big internationals at all time highs given the strength in the dollar and weakness in the economy has just about reached the greatest fool point.
The good job report news almost being bad news, but mostly just good news for the banks today as now magically the conclusion is that the Fed is going to raise in September based on such a strong US economy. Seems we have the world buffaloed with our completely bogus unemployment numbers more than even China with their inflated GDP numbers.
-------------------- Anxiety is what you make it.
|
zorbman
blarrr



Registered: 06/04/04
Posts: 5,952
|
|
Quote:
That's an interesting chart, look how high the numbers were in 2006 and 2007 compared to 2013 and 2014.
The world economy is expanding.
-------------------- “The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.” -- Rudiger Dornbusch
|
qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 1 hour, 25 minutes
|
Re: Global Depression IMMINENT [Re: zorbman]
#22487535 - 11/06/15 06:08 PM (8 years, 2 months ago) |
|
|
Quote:
zorbman said:
Quote:
That's an interesting chart, look how high the numbers were in 2006 and 2007 compared to 2013 and 2014.
The world economy is expanding. 
But wouldn't it be safe to assume that the carriers expanded their fleets during the surge in prices and therefore brought the rates to ship back down again? It's basically overcapacity at work as the global economy slows down.
|
zorbman
blarrr



Registered: 06/04/04
Posts: 5,952
|
Re: Global Depression IMMINENT [Re: qman]
#22488894 - 11/06/15 11:48 PM (8 years, 2 months ago) |
|
|
Quote:
It's basically overcapacity at work as the global economy slows down.
Yep. She's slowing down.
-------------------- “The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.” -- Rudiger Dornbusch
|
LunarEclipse
Enlil's Official Story


Registered: 10/31/04
Posts: 21,407
Loc: Building 7
|
Re: Global Depression IMMINENT [Re: zorbman]
#22489405 - 11/07/15 07:21 AM (8 years, 2 months ago) |
|
|
Quote:
zorbman said:
Quote:
It's basically overcapacity at work as the global economy slows down.
Yep. She's slowing down.
I wonder if China is going to go "all in" with their psychotic growth plans of more vacant cities? Laying off and not paying hundreds of thousands of workers may not end well for Mr. Xi. He hinted at wanting to get back to 10-15% "growth" so we may see QE from them beyond even this last massive debt increase from 2008. Europe seems ready as ever, and if the dollar keeps rising Aunt Janet can delay this now "foregone conclusion" of a rate increase until 2016. After all, 55 times they said they would raise, and 55 times they lied...
-------------------- Anxiety is what you make it.
|
|