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Workplace Health and Safety regulations increase until the bureaucratic burden is so great that the industry ceases to be economical and everything is off-shored.
The winter months might have been light on work, but come spring I think it was flat out. Ploughing with horses, sowing, weeding etc. all the way up to the harvest. Even in my time the country pubs would open at 9.00 am in summer for the workers after they’d started harvesting at 3.00 am!
Level of comfort, absolutely. Just look at the way plastics, insignificant until after WWII, impact our lives. We cannot do without plastics for anything.
I remember reading an article about medieval times and supposedly the peasants had so many holidays that they had more days off than modern times. Their lives weren’t so frenetic.
“WH&S” I’m drawing a blank. “Wheel and socialism?” LOL
What about the wheel, about 4,000 years ago? Bow and arrow, 60,000 years? Timber structures with half lap joint, 476,000 years ago? And surely the technology that had the greatest by far impact upon his beloved wilderness, fire, about a million years ago? I bet there were naysayers for all those inventions too. WH&S would have been invented at the same time as fire ……. “Look at that Ugg!!! You and your fire, all those nut trees burnt to a cinder, and the mammoths high-tailing it over the mountains!”
I listened to it a 1.75x speed …. inventories, receivables etc. but NV also has $49bn of “Marketable Securities” in current assets, along with receivables, cash and inventories. Half of that is USTs, but $22bn is corporate debt. In other words, they’ve lent customers money so that they can buy their stuff.
The move down in the shares is just ridiculous with gold still above $4K and silver $50.
I guess getting pulled down with the broad market some, but I suspect it’s something more sinister. I’d say the word is probably out among the scum that the metals are about to get flushed big time and the folks with the inside knowledge are frontrunning it by selling the shares.
I mean the HUI is down 5% with the DOW down less than 1% and the QQQ’s less than 2%. That doesn’t make a lot of sense to me with gold down $10?
The whole sector has looked a lot like the old days for the last month. My best guess is that the metals will get slammed into the weekend and the shares (HUI) will probably re-test the recent lows.
Geez, gold is now up $5 while I’ve typed, and the HUI is still down 4%.
Mark
@Mark_IKN
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21h
I’ll often slate Vampire Squid, but in this case 👇 don’t underestimate what it means. U$4,900/oz screams “reversed engineered target” designed to appeal to its audience (“hey look, 20% upside!!”). GS has just given deep pocketed generalists peer approval to accumulate gold at 4k
Wall Street Apes
@WallStreetApes
Canada Border Security says because they are short staffed, illegals are no longer required to be screened before entry
Illegals simply enter Canada, click a couple boxes on their phone and they are officially “refugees”
“In essence, to speed things up because we are short-staffed, we’re allowing people into the country without first doing that security screening? — So basically, they take out their phone, theoretically, and they tap it a few times, and they are now in the country as a refugee accepted by our country?”
“Yes. We get some basic data from them, and again, we do the biometrics. Beyond that, they’re doing that on their own, yes.”
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