Is The Economy Just Now Falling Apart

simplicius76.substack.com

Yellen Dispatched to Beg China for Face-Saving Slowdown

The U.S.’ growing urgency in ‘containing’ China’s development was thrown in sharp relief this week as Janet Yellen arrived in Beijing for what turned out to be an execrable beggar’s tour. Just days prior to her arrival, she had buzzed the punditry with her historically memorable exclamation that...
simplicius76.substack.com simplicius76.substack.com
 
jpc said:
simplicius76.substack.com

Yellen Dispatched to Beg China for Face-Saving Slowdown

The U.S.’ growing urgency in ‘containing’ China’s development was thrown in sharp relief this week as Janet Yellen arrived in Beijing for what turned out to be an execrable beggar’s tour. Just days prior to her arrival, she had buzzed the punditry with her historically memorable exclamation that...
simplicius76.substack.com simplicius76.substack.com
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I was over at an engineering plant in the UK a week or two ago and was struck by the fact that it didn't even appear to be trying to be competitive, yes, there were the usual plattitudes about investment, but on reflection it was looking its age rather than looking forward. Selling the site to a housing developer would probably pay for a nice new factory in China.
 
The inflation report today put the cat among the pidgens and saw interest rates go up nearly a quarter of a percent. The very slow real estate market will be even slower.
 
Mad as Fish said:
I was over at an engineering plant in the UK a week or two ago and was struck by the fact that it didn't even appear to be trying to be competitive, yes, there were the usual plattitudes about investment, but on reflection it was looking its age rather than looking forward. Selling the site to a housing developer would probably pay for a nice new factory in China.
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The huge issue.
Energy inputs are crippling.
Another issue and the real tell with such site's.
What's the Preventive Maintenence scheduling like?
Seen a few scary things when this is neglected on "costs basis "
 
We are going to see some week. And the following week, after taxes are paid in, then the debt will resume its climb quickly to 35t
 
Energy costs and climate fuckwittery are biting deep in Germany -

Steelmaker Thyssenkrupp has announced a substantial production reduction at its site in Duisburg in western Germany, a step that will also lead to job cuts for its roughly 13,000 employees at the location, public broadcaster WDR reported. The country’s largest steelmaker said high energy costs and tight emission reduction regulation contributed to its decision to reduce steel output in Duisburg by about two million tonnes per year.

Energy costs, regulation see drastic steel output reduction at German factory – Thyssenkrupp

www.cleanenergywire.org www.cleanenergywire.org
 
Mad as Fish said:
Energy costs and climate fuckwittery are biting deep in Germany -

Steelmaker Thyssenkrupp has announced a substantial production reduction at its site in Duisburg in western Germany, a step that will also lead to job cuts for its roughly 13,000 employees at the location, public broadcaster WDR reported. The country’s largest steelmaker said high energy costs and tight emission reduction regulation contributed to its decision to reduce steel output in Duisburg by about two million tonnes per year.

Energy costs, regulation see drastic steel output reduction at German factory – Thyssenkrupp

www.cleanenergywire.org www.cleanenergywire.org
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America has Fucked The Germans = = The Germans were buying too much Energy from the Russians = = So the Americans decided to Fuck Up the Germans = = What-ever happened to Angela Merkel ? !
 
Screenshot_20240415-232044_Finance.jpg


Looks like the Yen is the weak link. Down 10% in a hundred days. That is a sharp fall for a supposedly top tier currency
 
Coal Gas and peat said:
Pakis and kebab men can beat that price but it's not great fish and they are useless at cooking it (hard , dry ,burnt)
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You never know what the khunts are putting in it either.

In England they made a kebab out of a girl called Charlene Downes and fed her to her parents.
 
Keep three things in mind here. First, Russia has a similar amount in European funds frozen that it will seize in return if the Russian funds are stolen, as well as considerably more foreign assets that can be easily nationalized. As with the previous sanctions, this act will strengthen the Russian economy at the expense of the European economies.

Second, China is already being sanctioned and is the second-largest holder of US Treasury bonds, at $800 billion. This is 40 percent lower than it was 11 years ago and is a 14-year low. This is one reason why the USA has been unable to export inflation the way it used to
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if China were to follow Russia’s lead in dumping the dollar entirely, US inflation would probably double from where it is today.
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voxday.net

The Empire's Economic Death Spiral - Vox Popoli

Apparently the foreign elite ruling the imperial USA are under the impression that the only way out of its Ukrainian debacle is through. Unfortunately, this concept doesn’t work when the rapidly approaching object is not a cloud, but the ground: The House passed a foreign aid package on Saturday...
voxday.net voxday.net
 
PlunkettsGhost said:
voxday.net

The Empire's Economic Death Spiral - Vox Popoli

Apparently the foreign elite ruling the imperial USA are under the impression that the only way out of its Ukrainian debacle is through. Unfortunately, this concept doesn’t work when the rapidly approaching object is not a cloud, but the ground: The House passed a foreign aid package on Saturday...
voxday.net voxday.net
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And here's the answer.
Is there anything to be said for another high level meeting?
Stating the obvious!

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com
 
I experienced a live event last week where I spoke to at least 250 people ......nobody is happy and most like me don't agree with one single piece of government policy .....I can confirm we've still on track to see fine Gael obliterated and fianna fail seriously wounded ..........not the answer to all our problems I know , but a damn solid start it will be
 
Coal Gas and peat said:
I experienced a live event last week where I spoke to at least 250 people ......nobody is happy and most like me don't agree with one single piece of government policy .....I can confirm we've still on track to see fine Gael obliterated and fianna fail seriously wounded ..........not the answer to all our problems I know , but a damn solid start it will be
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A Political Knee-Capping for the FFG Traitors = = A Good Start.
 
I think that FG could be actually wiped out despite this being nearly impossible in the PR system.
 
Dark Horse said:

Budget surplus of €8.6 billion expected​

www.thejournal.ie

Budget surplus of €8.6 billion expected, but there would be a deficit without corporation tax

Minister McGrath noted that the surplus is ‘heavily dependent on volatile “windfall” corporate tax receipts’.
www.thejournal.ie www.thejournal.ie

"However, Finance Minister Michael McGrath has cautioned that there would be an underlying deficit without “windfall” corporation tax receipts."

Without the Multinationals it seems we would be a busted flush.
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Yep!
The strange one is why's he mentioned the bleeding obvious?
 
As interest rates are up again today, things are falling apart. We shall see how this proceeds.

In tandem, Japan is in an increasing fall down. It is really screwed and the yen is down 11% so far this year.
 
Declan said:
As interest rates are up again today, things are falling apart. We shall see how this proceeds.

In tandem, Japan is in an increasing fall down. It is really screwed and the yen is down 11% so far this year.
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I think Japan will see the writing and join up for the BRICs basket of currencies. The world needs sound money again after the coming currency crises. Currency is not money
 
Fast reading!
Some good comments on the retardery that is the EU.
Needs to be cut back to a trade organisation exclusively.
Nothing else.

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com
 
All eyes are on japan. It looks like the week link now and the yen is reflecting this.
 
Why is Japan in trouble ? Too much tech and cars being built ? Japan is a place that should be doing fairly well
 
Coal Gas and peat said:
Why is Japan in trouble ? Too much tech and cars being built ? Japan is a place that should be doing fairly well
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Massive public debt.
Population falling like a stone.
Very poor policy decisions after their crash in the late 80s.
Lots of zombie companies.
Industries not the pacesetters that they were.
Very slow decision making process.
Doesn't help the points above.
 
Coal Gas and peat said:
Why is Japan in trouble ? Too much tech and cars being built ? Japan is a place that should be doing fairly well
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An ag g population and a huge debt. 3 times gdp , the highest on earth.

So rising interest rates will kill every country, looking like Japan leading the pack.
 
The end of trading could not come fast enough for the Yen. It dropped 2.72 yen to the dollar or a gigantic 1.75%. That is an unusually large move for a currency. Another nudge Monday and it will have moved from 140 to 160 to the dollar in the 4 months from the start of the year. It surely will hurt if for no other reason that higher oil prices. Any investor that is in dollar assets are having a good return.
 
This of course will just hasten the end of the Rules Based Order:

Economic aides to former US President Donald Trump are looking for options to stop countries from shifting away from the US dollar as it faces a growing challenge from emerging markets, including BRICS nations, Bloomberg reported on Friday. The presumptive Republican nominee for the November presidential election and his team are discussing penalties against both allies and adversaries
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Trump Threatens De-dollarization Sanctions - Vox Popoli

Threatening the nations that are breaking away from Clown World’s financial control with more of what they seek is highly unlikely to prove successful: Economic aides to former US President Donald Trump are looking for options to stop countries from shifting away from the US dollar as it faces a...
voxday.net voxday.net
 
Is bitcoin the biggest scam, con or ponzi of all history. It seems to be having one of its many small pullbacks of 10% and trying to hold $63000.

Its value s 1300 billion dollars. If the value disappears, someone will be left holding a big bag.
 
Declan said:
Is bitcoin the biggest scam, con or ponzi of all history. It seems to be having one of its many small pullbacks of 10% and trying to hold $63000.

Its value s 1300 billion dollars. If the value disappears, someone will be left holding a big bag.
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with a punt via the ETFs I would imagine. That way you avoid all the nonsense with cold storage and needing to use a 3rd party exchange like coinbase
 
Screenshot_20240430-154409_Finance.jpg



I think bitcoin could bring the whole house of cards down.
 
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