OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

goldielocks @ 15:05 Re Nobody can Afford Anything

Posted by Mr.Copper @ 17:35 on June 1, 2018  

Our Gov’t who we pay taxes to, was supposed to protect us from poverty. They should have taught kids in school about manufacturing, that it is the birth of all wealth, and it supports ALL other jobs. They should have been told to avoid and complain about imported products.

Even OUT of school. The way they taught us on TV to stop smoking, love immigrants, and use seatbelts. Evidently the Americans were “sold out” by a pro foreign world gov’t corrupted gov’t Media. They actually taught everybody in the 1970s that imports were good for us, because we would get cheaper high quality products.

It was true short term, but very bad long term. I was in manufacturing and automatically knew better back then and started warning people but it was hopeless. If only the Americans knew better. Such a shame what happened. The people gleefully did exactly what the global world trade gov’t influencing the USA, wanted them to do. Buy Imported cars and every other damn imported thing.

And listen to the cry babies, From Canada, Mexico, Europe etc. They don’t want lose the “free cell phone” that the global Bernie Sanders gave them. They should all apologize and be THANKING for what they have gotten from the USA. I have absolutely ZERO sympathy for foreign nations. And or the anti American domestic businesses that import.

 

With a grain of salt

Posted by ipso facto @ 17:09 on June 1, 2018  

Russia OKs Israeli strikes on Iranian targets deep inside Syria — report

Israel and Russia have reached an agreement green-lighting Israeli strikes on Iranian targets in Syria, as well as the withdrawal of Tehran-backed troops from Syria’s border with Israel, according to an Arabic media report Friday.

According to the Arabic-language daily Asharq al-Awsat, the agreement will see Iranian forces leave southwestern Syria, while allowing Israel to strike Iranian assets deep in the country. Israel agreed not to attack Syrian regime targets, the report said.

cont. https://www.timesofisrael.com/russia-oks-israeli-strikes-on-iranian-targets-deep-inside-syria-report/

The summit’s back on: Trump welcomes NKorean to White House

Posted by ipso facto @ 17:02 on June 1, 2018  

WASHINGTON (AP) — The U.S.-North Korea summit is back on track, President Donald Trump announced Friday, ending weeks of uncertainty about his historic meeting with Kim Jong Un to discuss ending the North Korean leader’s nuclear program.

Trump made the announcement, just a week after he had said he was canceling the Singapore summit, following a more than hour-long meeting with a top North Korean official who delivered a letter from the North Korean leader. The official, Kim Yong Chol, posed for photos with Trump outside the Oval Office, and they talked amiably at Kim’s car before he was driven away.

https://apnews.com/e4473a137779495498aca62e898e319f/The-summit’s-back-on:-Trump-welcomes-NKorean-to-White-House

and the nightmare continues….

Posted by Buygold @ 15:59 on June 1, 2018  

COT’s – whatever…

https://www.cftc.gov/dea/futures/deacmxlf.htm

days, weeks, months, years – the game never ends

Disneys Wincome considered nixing new hotels over pay hikes

Posted by goldielocks @ 15:39 on June 1, 2018  

Deal by city offered subsidies for pay raises for employees. Starting appears to be 11 hr employees finding it hard to make ends meet.

Disney, Wincome consider nixing new hotels if Anaheim ballot measure forces employee pay hike

Mr Copper

Posted by goldielocks @ 15:05 on June 1, 2018  

I watched a part of undercover boss. They realized they were underpaying their workers for the amount of work they were doing. One girl told her boss she had MS and her medicine was costing about 2400 a month out of pocket after insurance. She was getting help with and living with her parents. I thought it was bad when my mother had to pay 1000 a month to keep Leukemia in remission. They could afford it but had to cut back on spending money on their grand and great grand kids, many can’t. This is a common problem for many buy food or don’t eat or worse have to live with someone else and buy medicine.
People are dying because they are cutting back on their medicine because they can’t afford it.
Trump is the only one that even addressed the problem other than BS talk for votes.

Richard

Posted by goldielocks @ 14:24 on June 1, 2018  

When you have a average pay under this 26 hr even if skilled job but make too much for any gov benefits or discounts and you get hit with a 1000 dollar bill for medical insurance for the family and still have deductibles on top of rents going up on top of food and gas up they’d lose money working. The bills would be higher than the pay.
This medical alone holding people back when they have kids worried about making too much to get help for their kids with medical insurance and rising housing costs.
Maybe some of these parents are dropping out with only one working so as a family they don’t make too much because if they do they’ll be worse off.
I wonder if their counting those dropping drawing SS too.
More and more going off the grid too then there stuck out their with the drug epidemic and mentally ill. They got priced out. Read a story about a working mother sleeping in her car with her child at rest stops. You can join a gym and take showers there.
That’s another cost, child care. Taxes, child care cost, probably take a third to half their checks right there, medical, housing, food, gas, utilities, phone, car insurance, house hold needs, God forbid if they want wifi or cable or take their kids to Disney or have a vacation, plus school needs and kids have their own needs. Meanwhile criminal brain dead politicians keep taxing and opening borders taxing for them too.

That reminds me I wonder what ever happened to Dusty and the Dusty trails.
Is he still in his camper traveling or did he settle down. I worried about him Traveling and camping alone with banditos out there.

Buygold—Welfare benefits keep some of those people going–that requires them not to take menial jobs–a crazy state of affairs, huh?

Posted by Richard640 @ 13:26 on June 1, 2018  

America is a socialist country masquerading as a capitalist country–China is the inverse.

Re People Leaving The Labor Force?

Posted by Mr.Copper @ 9:54 on June 1, 2018  

I remember when that trend started, a long time ago. People were quitting their jobs and started buying and selling used cars. Dodge Darts, Plymouth Dusters, Chevy Novas’ etc. You were allowed to do I think 5 cars a year without a dealers license. They flipped a lot more than 5 cars too. Nobody was counting.

They would park them in shopping center parking lots with for sale signs on them. Later on the licensed dealers complained, because they had overhead, and cops started ticketing them. Same thing happened with small part time gun dealers. The big dealers complained (protectionism) and they pulled all the licenses for at home car and gun dealers. You now had to rent a separate place of business.

Many others went into other types of tax free cash self employment. It didn’t pay to have a job unless of course you had a union or government job. The private sector small business jobs were worthless. The owners didn’t make that much profit themselves with all the overhead and taxes so were very stingy with pay raises.

 

R640

Posted by Buygold @ 9:50 on June 1, 2018  

Yeah, that’s a lot of people out of the labor force. Do you remember back in the 90’s, pre 2001 collapse when a routine jobs report was +350 or 400K?

Now the markets have an orgasm over +200K

The real question is how those 95 million people are surviving. Most people are barely making it WITH a job.

UVXY or TVIX might provide a decent entry point today because you may be right about next week. DB could resume it’s decline and Italy and Spain may rear their ugly heads over the weekend. You know damn well if DB is in trouble the news will come out late today after the markets close.

The economy is really humming…

Posted by Richard640 @ 9:34 on June 1, 2018  

Record 95.9 Million Americans Are No Longer In The Labor Force

The number of people not in the labor force increased by another 170K, rising to 95.915 million, a new all time high.

Ha Ha!! A lotta guys were gonna get cute–and fade the record put buying in DB–and buy DB calls…well…

Posted by Richard640 @ 9:15 on June 1, 2018  

no short squeeze, so far in DB…which may indicate that this opening rally in U.S. stocks may reverse by the end of the day…and the Euro/Italy/Spain crisis will resume next week…

Deutsche Bank AG (DB) Pre-Market Trading

DB  $11.07 -0.01. -0.09%

Delayed – data as of 06/01/2018 08:54:44

Re Jobs Report, “The economy Is Booming” They say.

Posted by Mr.Copper @ 8:52 on June 1, 2018  

If the economy is so great, why the tariffs? They said average wages are 26.90/hr. That’s about $1000/week before taxes. That means to me a single person can afford $1000 a month for shelter. If married and no kids, $2000 a month.

Re CBs have a printing press

Posted by Mr.Copper @ 8:31 on June 1, 2018  

Even though CBs have a printing press, and lend money out, they can’t force the borrower to make payments when the house they bought is worth less than what they own. What a big mess that created in 2008.                       But the printing press was used to bail it all out. They may as well just give people money instead of a loan.

LOL-! ZH says it better than I do:

Posted by Richard640 @ 7:51 on June 1, 2018  

US Equities Are Surging, Here’s Why

After tumbling yesterday, US equities are surging this morning ahead of payrolls…

 

Here’s why:

  • New anti-establishment Italian government? Check.
  • New anti-establishment, socialist Spanish government? Check.
  • Trade war between the US and Europe, Mexico, & Canada? Check.
  • Deutsche Bank (most systemically risky bank in the world at one point) downgraded to a B-handle? Check.

So all we need now is a dismal jobs or wage growth print and bad news will be really great news.

But did Trump just spoil the hopes of a bad print?

Reading the Bloomberg news feed, I see that the Italian situation is “fixed” & no doubt it’s time to buy calls on Deutche Bank

Posted by Richard640 @ 7:41 on June 1, 2018  

The “global dow” index is up a strong 15pts. I guess it’s true…what people have been half joking about–as long as the CBs have a printing press there csn be no more recessions-business cycles–or crashes…there has been a panic into Italian bonds

Under a blood red sky, hoping our island friend is safe…eeos might like this too…

Posted by macroman3 @ 1:21 on June 1, 2018  

Equise, BG, the smartest thing Canada could do for Canucks is to flip the bird at US. If the US thinks they are better off pissing us off…

Posted by macroman3 @ 0:39 on June 1, 2018  

Where else are they going to get everything they need, especially when they sanction Russia and Iran?

Just wait until the pipelines go west (to China) or east for ourselves. If CNDA had  any balls at all, US would be on their knees.

And Putin would protect us, after WWIII

Typical jingoism

Gold Train

Posted by Maya @ 0:12 on June 1, 2018  

rrflasher-copy

Gold Train coming around Horseshoe curve.
How lucky can you get?
http://railpictures.net/photo/659683/
http://railpictures.net/photo/659693/
http://www.railpictures.net/photo/659690/

 

Alex Valdor @ 20:27 – Please Don’t say the “H” Word!

Posted by Maya @ 0:10 on June 1, 2018  

I would prefer the lava flows, Thank You!  Did you know that Hilo was described as the ‘most disaster-prone’ city in the country.  We got yer Earthquakes, Lava Flows, Hurricanes, and Tsunami… sometimes all at once.

No major changes today.  Beach road is still open.  The lava flow on the east end is spreading in a few other area.  I’m keeping an eagle eye on that one in case it sends a finger north in my direction.  Nothing worse than a Lava flow giving you the finger!  🙂

« Newer Posts
Go to Top

Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.