Posted by Richard640
@ 10:16 on December 24, 2018
[in the great wave of immigration from 1870 to 1920-there was no welfare state-immigrants were diverse-not a flood of illiterate latino peasants (for the most part)-to compare the 2 waves is pure propaganda–america was booming then, not bankrupt]
More Immigrants Needed–by Jack Goldstone
In times of economic trouble—and with gross domestic product (GDP) growth still below 2 percent in the United States, today surely qualifies—many Americans instinctively become more cautious about immigration. If we let in more workers, they fret, the newcomers will be a drain on the economy, dragging down wages and gobbling up services.
In fact, precisely the opposite is true. The National Academy of Sciences recently released a comprehensive report finding that immigration has an overall positive impact on economic growth. Moreover, while new immigrants may have a slight depressing effect on the wages of prior immigrants, they have small to no effects on wages and employment for the native-born population.
https://reason.com/archives/2018/07/21/the-us-needs-more-immigrants
Posted by Buygold
@ 9:56 on December 24, 2018
Glad to see you post this am, I needed some reinforcements, I think Capt. Hook had me lined up in his scope! 🙂
Like you, I’ve been watching markets for longer than I care to remember and I’ve NEVER seen a Christmas eve this ugly for the SM.
I’ve seen it for pm’s, just not the SM.
Posted by ipso facto
@ 9:51 on December 24, 2018
Hello Nemo. Good to see you’re still around.
Merry Christmas to you!
Merry Christmas everyone!
Posted by ipso facto
@ 9:49 on December 24, 2018
Posted by Buygold
@ 9:39 on December 24, 2018
UUP shows the USD down 1.62%
Kitco shows the USD down less than 1/2%
If UUP is right pm’s are underperforming, if not well who the hell knows?
Posted by Buygold
@ 9:32 on December 24, 2018
Yeah, well I know your sarcasm and heed your warnings so I’ll just layoff the calls for now. NUGT is an option in and of itself…
That being said, it appears that pm’s are a lot closer to a bottom than a top and the DOW has a long way to fall – also appears that the DOW topped in early October, so we’re only 3.5 months into the correction. You’ve always said that pm’s would follow by 6 months. Maybe we’re a little early…maybe not.
But hey, what do I know? I’ve been getting crushed for years now.
Posted by Captain Hook
@ 8:29 on December 24, 2018
Yup…it’s a sure thing. We better load up on those SLV and NUGT calls with all the other still too numerous geniuses – no?
Those SLV calls have been a sure thing for so long now only an idiot would take the other side of that trade while continuing to watch the action from their yacht.
Chuckle
Posted by Buygold
@ 8:28 on December 24, 2018
but Mnunchin’s call to the PPT made them spring into action
DOW futures were down 240, now only down 60
I guess if anyone doesn’t believe in manipulation of markets, they should now…
Posted by Buygold
@ 8:16 on December 24, 2018
if this is the end of the decade long bull run in the SM, there’s still nothing cheaper out there than pm shares
That is, if gold is about to enter a new bull upleg
Posted by Buygold
@ 7:18 on December 24, 2018
Woke up about a half hour ago and DOW futures were up 60, now down 140
Could get a little squishy today.
Gold slowly strengthening
Posted by NEMO
@ 3:23 on December 24, 2018
From Sweden.
As You know, we start a day early up here in the north.
NEMO
Posted by silverngold
@ 0:06 on December 24, 2018
Agendas Exposed, Senate Was The Key, 2019 Changes Everything
https://youtu.be/1P5A7C1eVgI
Posted by silverngold
@ 23:59 on December 23, 2018
Posted by Maya
@ 23:54 on December 23, 2018
The CP ‘Royal Canadian’ leaves Crowsnest Pass
behind. Out of the mountains, onto the great plains.
Hello Alberta!
http://www.railpictures.net/photo/681372/
Posted by ipso facto
@ 22:59 on December 23, 2018
US mining giant Freeport finally reaches terms on the state-forced divestment of the Grasberg mine, a $3.8 billion deal President Joko Widodo characterized as an ‘historic moment’
It’s done. After two years of often fraught negotiations – and a last-minute environmental hiccup – the government and US mineral giant Freeport McMoRan Copper & Gold (FCX) have finally concluded an agreement effectively nationalizing Indonesia’s most prized mining asset in the mountains of easternmost Papua.
http://www.atimes.com/article/worlds-biggest-gold-mine-nationalized-in-indonesia/
Posted by Maya
@ 22:05 on December 23, 2018
Posted by silverngold
@ 21:04 on December 23, 2018
What a gutsy lady; not to be intimidated. Too bad much of the rest of Congress is “for sale”.
Posted by Moggy
@ 19:22 on December 23, 2018
Merry Christmas everyone!
Posted by Mr.Copper
@ 19:02 on December 23, 2018
“It” wasn’t a “trade war” when back in 1979 TPTB started or decided to give China and other backward undeveloped countries all the domestic American consumer product jobs, and “its” not a trade war now.
Those trends simply went too far and had to stop and reverse on their own. And re the global economy failing? It’s NOT capitalism failing. Its international socialism that’s failing because they ran out of other America’s money to spend.
Posted by commish
@ 18:35 on December 23, 2018
Posted by silverngold
@ 18:16 on December 23, 2018
Posted by Mr.Copper
@ 16:13 on December 23, 2018
It was because of Basel III, International rules re globally active banks. They don’t care about us. They thing we are too fat and spoiled and ripe for the picking. But we’ve already been harvested, and crashed in 2008. Will they ever favor us and DROP that dopey Dollar soon? For their own good?
Or else there will be nothing to harvest from us later. That would explain “Trump” the America first, lower taxes and high tariffs on imports agendas.
Posted by Mr.Copper
@ 16:05 on December 23, 2018
I read a long story about the showdown re the wall, and in one little part where Trump. said…
“This is our only chance that we’ll ever have, in our opinion, because of the world and the way it breaks out, to get border security”
Now what does that tell ya? Put your thinking caps on. It sounds to me like a mess gradually unfolding that will pick up speed and see hundreds of millions people just moving and going wherever they want to go, whether its legal or not. An uncontrolled free for all. “FU were getting out of here and going over there, and we don’t care”.
A USA “life boat” will sink if it gets over loaded. We’re already half sunk. China has all the work now, and the worlds refugees need to go over there. But technically, China is really the ONLY sovereign nation on the planet. And the Federal Reserve is really the global central bank.
Posted by Mr.Copper
@ 15:51 on December 23, 2018
I’m thinking if I worked there, and I thought the shit was going to hit the fan soon, I’d not want to be working there and be part of it. As for bringing home troops, after decades of defending other countries? Haven’t we done ENOUGH???
Let the other freeloader countries be the free global police man, and take on some responsibility and cost for a change. The USA borrowed heavily to help them, note $21 trillion national debt. I think its China’s turn. They have a “loaf” US consumer dollars under each arm.
Haven’t we done ENOUGH???
Posted by goldielocks
@ 14:24 on December 23, 2018
Mattis is one of the best as far as war and I respect him for that if it is about defending our country, not others not even our Ally’s.Mattis could help end active insurgents over there but due to the amount of them including in neighboring countries more will pop up, its never ending.
Trump has military advisors. Trump as well as ” we the people” has a lot of Obama holdovers as well as group think that does not put us first. We need people placing American citizens first, not putting them in harms way over a ideology that hates us, and our sovereignty.
Meanwhile we have a declining stock market and appears a rare divergence between the market and the economy. Economy moving forward thank to Trump but market going down, one because Democrats took the house started down then China trade negotiations who has been stealing from us for decades.
Economically clueless like talk show host Maher hopes economy crashes to hurt Trump. Guess his selfish plan backfired. Market down economy up. Maybe time to put their ” own” money where their big mouth is instead of young American family’s.