In todays news...

[Hoonercat]

The presenter missed a key statement from all those BlackRock screenshots - BR thinks emerging markets 'have an edge' in the short-term (they specifically mention 6-12 months). They believe interest rate hikes have peaked in EM's and believe a small number of emerging markets could benefit from changing global trade patterns.
They've been saying this since June BTW, for the most part it's nothing new.

So err, that's good news??

Yes, if you compare it to the apocalyptic scenario that the presenter was trying to portray.

[Screwdriver]

Yes, if you compare it to the apocalyptic scenario that the presenter was trying to portray.

Ih I didn't really pay much attention to his opinions or conclusions. I just was surprised that one of the worlds leading asset management companies is "disinvesting" from the USA or whatever they call it. Rats deserting a sinking ship is my conclusion.


I know precisely nothing about how that world works but pulling a couple of trillion dollars out of a country seems like a pretty big deal to me.

[Yorick]

This one line made me giggle

The former billionaire denied the claims

Yeah. Ex billionaires are 10 a penny

https://www.bbc.com/news/business-66481020

[ZRX61]

314…12th Street West and Commerce Center Drive…female, Hispanic, adult completely nude walking NB on 12th Street West…multiple callers…Sheriff enroute.

314…111 E. Avenue K (Bootlegger’s Liquor)…male and female adults behind business exposing themselves…Sheriff dispatched

[Yorick]

What did the Romans ever do for us?

https://gazettelife.com/news/lanzarote- ... to-romans/

[wheelnut]

Giant swathes of that cash injection are simply missing. There is no telling where all the money has gone despite demands from the Senate to account for it. Even that should be of little concern other than the inevitable global depression which now looms as the US plunges ever deeper into gigantic debt. $30,000,000,000,000 or thirty trillion and rising. The interest on that debt alone is an eye watering eight trillion dollars annually. What America needs right now is to remind the world that while it might to all intents and purposes be economically bankrupt, it is still by far the most well armed nation on this planet and can largely do whatever the fuck it wants.

Yes it’s an eye watering amount of debt, but you have to take numbers as a proportion of gdp, rather than in isolation.

The US is currently running at 122%, UK at 100%, Japan at an eye watering 229%.

The interest rate rises will make governments that are carrying large amounts of debt suffer, but it’s nothing that hasn’t happened before.

[Screwdriver]

Giant swathes of that cash injection are simply missing. There is no telling where all the money has gone despite demands from the Senate to account for it. Even that should be of little concern other than the inevitable global depression which now looms as the US plunges ever deeper into gigantic debt. $30,000,000,000,000 or thirty trillion and rising. The interest on that debt alone is an eye watering eight trillion dollars annually. What America needs right now is to remind the world that while it might to all intents and purposes be economically bankrupt, it is still by far the most well armed nation on this planet and can largely do whatever the fuck it wants.

Yes it’s an eye watering amount of debt, but you have to take numbers as a proportion of gdp, rather than in isolation.

The US is currently running at 122%, UK at 100%, Japan at an eye watering 229%.

The interest rate rises will make governments that are carrying large amounts of debt suffer, but it’s nothing that hasn’t happened before.

Indeed but the entire capitalist system is fundamentally flawed since it relies on eternal inflation to prop up effectively a giant Ponzi scheme with Monopoly money (no pun intended). I won't even pretend to understand how it works but in my holistic overview, it occurs to me it can't go on forever and eventually one player ends up with all the money.

That player looks like it will be a consortium of asset management companies who take all of the real value from the system while rigging the game to play in their favour. You will own nothing, and you will be happy.

[wheelnut]

Indeed but the entire capitalist system is fundamentally flawed since it relies on eternal inflation to prop up effectively a giant Ponzi scheme with Monopoly money (no pun intended). I won't even pretend to understand how it works but in my holistic overview, it occurs to me it can't go on forever and eventually one player ends up with all the money.

That player looks like it will be a consortium of asset management companies who take all of the real value from the system while rigging the game to play in their favour. You will own nothing, and you will be happy.

The entire capitalist system is indeed hugely flawed, but, like democracy, it’s the best of a bad bunch, but it’s ultimately not sustainable. I would imagine Marx was right and capitalism, at some point, will destroy itself so you aren’t the first to point that out. The various world leaders just hope that it happens on the next guy’s watch.

[mangocrazy]

Eternal growth on a finite planet is totaly unsustainable.

[ZRX61]

Japan is dumping US Debt.... as are over 100 other countries... Here we go...

[Pirahna]

Japan is dumping US Debt.... as are over 100 other countries... Here we go...

It's called dedollarisation apparently.

[Cousin Jack]

It is not the little countries dumping dollars you need to worry about, it is big players buying them.

[Count Steer]

A lot of Republican states are pulling investments out of Blackrock...some big $numbers.

Apparently they think Blackrock is too woke/green.

(Maybe they got them confused with Blackwater when they put the money in).

[DefTrap]

Interesting article in the FT about the rise-and-rise of vaping.
https://www.ft.com/content/f72f17e4-a83 ... 49cc7aebc2

It's not my thing (too trendy and smacks of alcopops - which I was also too venerable for) but interesting to see how lazy lawmaking and opportunitistic entrepreneuring are building a lucrative industry, and desperately trying to avoid getting banned .

[Screwdriver]

Interesting article in the FT about the rise-and-rise of vaping.
https://www.ft.com/content/f72f17e4-a83 ... 49cc7aebc2

It's not my thing (too trendy and smacks of alcopops - which I was also too venerable for) but interesting to see how lazy lawmaking and opportunitistic entrepreneuring are building a lucrative industry, and desperately trying to avoid getting banned .

12ft.io/ not getting me through the paywall. A lot of these websites are wise to the cached version - unless anyone has another simple method which works. There are complex fiddly ways of extracting the text but I can't be arsed with a blind link otherwise.

[DefTrap]

12ft.io/ not getting me through the paywall. A lot of these websites are wise to the cached version - unless anyone has another simple method which works. There are complex fiddly ways of extracting the text but I can't be arsed with a blind link otherwise.

Strictly speaking that's not what a blind link is. Im not a subscriber and managed to read it in full earlier, so mea culpa.
But anyway yeah shame we can only discuss the free media stuff and the bollocks on YouTube.

[MrLongbeard]

lazy lawmaking

Can't read the link, must have used my 4 freebies up already.
The TPD? The legislation that was mostly influenced by the tobacco and pharmaceutical companies is a joke.

I do think disposables should be banned though.

[Screwdriver]

Strictly speaking that's not what a blind link is. Im not a subscriber and managed to read it in full earlier, so mea culpa.
But anyway yeah shame we can only discuss the free media stuff and the bollocks on YouTube.

Yes appreciate that but you know what I mean. It is possible I may be having VPN related issues when it comes to poking through paywalls...

So what does it say? Am I going to die? (even sooner!) I vape a LOT.

[MrLongbeard]

Got it, https://www.ft.com/content/f72f17e4-a83 ... 49cc7aebc2 a link from Reddit worked for me when in incognito mode.

And I don't find myself disagreeing with the article.

[DefTrap]

Yes appreciate that but you know what I mean. It is possible I may be having VPN related issues when it comes to poking through paywalls...

So what does it say? Am I going to die? (even sooner!) I vape a LOT.

Never fear ( not from this article anyway). Not at all preachy from a health pov (because there's not really any body of evidence, yet) more talking about the commercial side of things and the industry's desperation to keep it going, and keep the links to appeal-to-kids as far away as possible. And the environmental impact of all these disposables all of a sudden.