|
|
10-27-2022, 09:52 PM
|
|
|
|
Join Date: Jan 2014
Location: Edmonton
Posts: 5,685
|
|
Quote:
Originally Posted by fishtank
Both Facebook and Amazon seeing huge 15%+ moves after earning , tech stock are not done tanking yet .
|
I hate you!
|
11-01-2022, 11:29 AM
|
|
|
Join Date: May 2010
Location: edmonton
Posts: 3,863
|
|
Looks like lock down is starting again in China starting with Shanghai Disney land … there more bad news on the way, just have not made the headlines yet expect more pain from the supply chain and even is everything start up again there are a lot of back inventory for retailers to move and they are not willing to drop prices .
|
11-01-2022, 11:46 AM
|
|
|
Join Date: Oct 2007
Posts: 2,358
|
|
Quote:
Originally Posted by fishtank
Looks like lock down is starting again in China starting with Shanghai Disney land … there more bad news on the way, just have not made the headlines yet expect more pain from the supply chain and even is everything start up again there are a lot of back inventory for retailers to move and they are not willing to drop prices.
|
The retail side and pricing is going to be an interesting thing to watch in the coming days. I'm not an expert in retail economics but I'm still torn on whether we will see price drops to clear inventory or see retailers stick to their guns and accept less customers at these higher prices. Neither is a particularly great prospect from a market perspective, but I think it will tell the tale of how much pricing has been driven by real cost increases vs retail pricing things opportunistically based on the fact that everyone has accepted inflation as inevitable. If the later issue is the dominant case, then I expect to see more price drops but if base costs are the big factor driving, prices will likely be very sticky. Nobody wants to realize a loss. Either way its not looking great for the economy and I'm still surprised at how upbeat the market is taking all this.
|
11-01-2022, 11:48 AM
|
|
|
Join Date: Jul 2017
Posts: 3,822
|
|
Not sure what they are thinking in Jina with their rona policy.
|
11-01-2022, 04:49 PM
|
|
|
Join Date: Jun 2012
Location: Out there
Posts: 292
|
|
Ugh
Got into crypto in 2021. Its down around 45%.
RRSP's are worth 20% of what they were.
Stocks are worth about %15 of what they were worth. Heck a hydrogen fuel company I bought into I have averaged down to 59 cents..... It went up today and is trading at 4 cents.
Dont lose if ya dont sell.
|
11-01-2022, 06:11 PM
|
|
|
|
Join Date: Jan 2012
Location: Nelson BC
Posts: 2,032
|
|
Quote:
Originally Posted by The Elkster
The retail side and pricing is going to be an interesting thing to watch in the coming days. I'm not an expert in retail economics but I'm still torn on whether we will see price drops to clear inventory or see retailers stick to their guns and accept less customers at these higher prices. Neither is a particularly great prospect from a market perspective, but I think it will tell the tale of how much pricing has been driven by real cost increases vs retail pricing things opportunistically based on the fact that everyone has accepted inflation as inevitable. If the later issue is the dominant case, then I expect to see more price drops but if base costs are the big factor driving, prices will likely be very sticky. Nobody wants to realize a loss. Either way its not looking great for the economy and I'm still surprised at how upbeat the market is taking all this.
|
Good post.
Was reading an interesting article on US household cash reserves. They have basically dropped 80% in the last 9 months. I think there will be a crunch soon and the retailers are going to be at the front end of this pain.
|
11-01-2022, 07:31 PM
|
|
|
Join Date: May 2007
Location: Red Deer
Posts: 1,539
|
|
My net worth is up 6% overall so far this year.
I haven’t changed any habit, if anything, been spending more.
20 years same job, no raise.
That’s why I don’t mind 5% GICs right now.
|
11-01-2022, 07:59 PM
|
|
Moderator
|
|
Join Date: Feb 2015
Posts: 7,758
|
|
Quote:
Originally Posted by Map Maker
20 years same job, no raise.
|
So, you are getting the same amount of money that you were when you started your job in 2002?!?
That's impressive, and not necessarily in a good way.
|
11-01-2022, 10:23 PM
|
|
|
Join Date: May 2007
Location: Red Deer
Posts: 1,539
|
|
Quote:
Originally Posted by Trochu
So, you are getting the same amount of money that you were when you started your job in 2002?!?
That's impressive, and not necessarily in a good way.
|
I meant a raise.
I’m just griping. But new employees are starting at the same level I am at.
It’s a good job so never gave them the ultimatum (raise vs quit) and my upbringing prevents me from doing any less than my best.
Definitely been taken advantage of but never brown nosed a day in my life.
|
11-03-2022, 10:44 AM
|
|
|
Join Date: Jul 2017
Posts: 3,822
|
|
The reports indicate that the labour market is continuing to be tight in spite of the rate increases, indicating no slow down. Most of the earnings reports by various companies, however, say the same thing and that is they are laying off people and many in very significant amounts. Weird, right?
|
11-03-2022, 11:04 AM
|
|
|
Join Date: Jul 2017
Posts: 3,822
|
|
Quote:
Originally Posted by fishnguy
|
Reuters: 'Massive scars': Germany's Uniper posts record 40 bln euro net loss
Soon-to-be-nationalised gas importer Uniper (UN01.DE) reported a record 40 billion euro ($39.3 billion) net loss in the first nine months of this year, the biggest in German corporate history, after Russia stopped its supplies.
The loss further highlights how Russia's decision to sever a decade-long supply relationship with Europe, most notably Germany, is impacting the continent's energy sector, with Uniper the crisis' biggest corporate casualty so far.
It also marks the biggest loss in German corporate history, according to Mark Spoerer, who holds the chair for economic and social history at the University of Regensburg, even dwarfing more recent outliers such as the 25 billion euros Deutsche Telekom (DTEGn.DE) disclosed for 2002.
Since the start of the year shares in Uniper have lost 93% of their value, giving it a current market value of 1.1 billion euros, down from 15.2 billion euros on Jan. 3.
|
11-03-2022, 11:42 AM
|
|
|
|
Join Date: Jun 2011
Posts: 3,713
|
|
Quote:
Originally Posted by fishnguy
The reports indicate that the labour market is continuing to be tight in spite of the rate increases, indicating no slow down. Most of the earnings reports by various companies, however, say the same thing and that is they are laying off people and many in very significant amounts. Weird, right?
|
Employment is a lagging indicator. By the time we see the data, the job losses have already occurred. And rising rates also have a lag between how soon they change and how fast they work themselves through the economy. Leaves plenty of room for a big screwup by central banks. Just like their inflation call.
Sent from my iPhone using Tapatalk
__________________
There are some who can live without wild things, and some who cannot. Aldo Leopold
|
11-03-2022, 12:17 PM
|
|
|
Join Date: Jul 2017
Posts: 3,822
|
|
^ Yep, exactly what I was implying. They’ll mess it up badly, you can just feel it, lol.
|
11-03-2022, 01:05 PM
|
Banned
|
|
Join Date: Sep 2010
Location: Port Alberni, Vancouver Island, BC
Posts: 3,444
|
|
|
11-04-2022, 06:33 AM
|
|
|
Join Date: Aug 2012
Location: Calgary
Posts: 347
|
|
Looks like it might be a good day for stocks. Rumblings that China may begin to unwind zero Covid policy next year has oil up.
|
11-04-2022, 09:23 AM
|
|
|
Join Date: May 2010
Location: edmonton
Posts: 3,863
|
|
Quote:
Originally Posted by Fisherdan
Looks like it might be a good day for stocks. Rumblings that China may begin to unwind zero Covid policy next year has oil up.
|
Us can’t keep oil price down forever especially with the us stockpile reserve running a little low and opec know us need to replenish their reserves.
|
11-04-2022, 01:36 PM
|
Banned
|
|
Join Date: Sep 2010
Location: Port Alberni, Vancouver Island, BC
Posts: 3,444
|
|
Proof Point: Canada’s recession to arrive earlier than expected
In previous work, we projected a moderate recession for Canada’s economy in 2023. We now believe this downturn will arrive as early as the first quarter of next year.
Higher prices and interest rates will shave $3,000 off the average household’s purchasing power, weighing on goods purchases.
And the jobless rate will near 7% while remaining less severe than in previous downturns.
As debt-servicing costs increase and purchasing power declines, lower income Canadians—many already adjusting to the loss of pandemic support—will be hit hardest.
The bottom line: The pain of the upcoming recession won’t be distributed equally among Canadian businesses and households. The manufacturing sector will likely be among the first to pull back while some high-contact service sectors like travel and hospitality could prove more resilient than in a ‘normal’ historical recession.
Signs of strain are emerging as interest rates rise
Cracks are forming in Canada’s economy. Housing markets have cooled sharply. Central banks are in the midst of one of the most aggressive rate-hiking cycles in history. And while labour markets remain strong, employment is down by 92,000 over the last four months.
And the pressure is still building. While the Bank of Canada is expected to lift the overnight rate to 4%, the U.S. Federal Reserve will likely hike to between 4.5% and 4.75% by early 2023. These factors will hasten the arrival of a recession in Canada—which we now expect to start in the first quarter of 2023 (one quarter earlier than our previous projection).
https://thoughtleadership.rbc.com/ca...than-expected/
|
11-05-2022, 09:52 AM
|
|
|
|
Join Date: Jun 2011
Posts: 3,713
|
|
Quote:
Originally Posted by Fisherdan
Looks like it might be a good day for stocks. Rumblings that China may begin to unwind zero Covid policy next year has oil up.
|
That was some big moves in a bunch of commodities. If this continues, along with the better than expected job numbers out of the States and Canada, I would not be surprised to see 75 points next go round out of both central banks.
Sent from my iPhone using Tapatalk
__________________
There are some who can live without wild things, and some who cannot. Aldo Leopold
|
11-05-2022, 11:50 AM
|
Banned
|
|
Join Date: Sep 2010
Location: Port Alberni, Vancouver Island, BC
Posts: 3,444
|
|
“A massive wealth transfer from the ‘have-nots’ to the ‘have-yachts,’” Poilievre slams government’s economic record
Conservative leader Pierre Poilievre slammed the Trudeau government’s handling of the country’s finances on Friday in a speech at the Empire Club in downtown Toronto.
“The cost of government is raising the cost of living,” Poilievre said.
https://tnc.news/2022/11/04/poilievr...onomic-record/
|
11-05-2022, 12:10 PM
|
|
Moderator
|
|
Join Date: Feb 2015
Posts: 7,758
|
|
Anyone have any practical info on Gear Energy?
I like the dividend, business, PE Ratio, but don't actually know anything about the company.
|
11-05-2022, 02:04 PM
|
|
|
Join Date: Aug 2012
Location: Calgary
Posts: 347
|
|
Quote:
Originally Posted by Trochu
Anyone have any practical info on Gear Energy?
I like the dividend, business, PE Ratio, but don't actually know anything about the company.
|
https://www.theglobeandmail.com/inve...up-55-in-2022/
|
11-05-2022, 11:33 PM
|
|
|
|
Join Date: Jan 2014
Location: Edmonton
Posts: 5,685
|
|
Quote:
Originally Posted by Fisherdan
|
You have to be a subscriber to be able to read this article…
|
11-06-2022, 06:40 AM
|
|
|
Join Date: Aug 2012
Location: Calgary
Posts: 347
|
|
Quote:
Originally Posted by KGB
You have to be a subscriber to be able to read this article…
|
I know — sorry. It’s a good article with insight into the company. Just gotta pay for the good stuff sometimes, that’s all.
|
11-06-2022, 06:42 AM
|
|
|
Join Date: Aug 2012
Location: Calgary
Posts: 347
|
|
Quote:
Originally Posted by bdub
That was some big moves in a bunch of commodities. If this continues, along with the better than expected job numbers out of the States and Canada, I would not be surprised to see 75 points next go round out of both central banks.
Sent from my iPhone using Tapatalk
|
That was quite the end of the week. It sure feels like commodities are really turning the corner… Guess we’ll see what happens soon.
|
11-06-2022, 07:29 AM
|
|
|
|
Join Date: Jun 2011
Posts: 3,713
|
|
Quote:
Originally Posted by Trochu
Anyone have any practical info on Gear Energy?
I like the dividend, business, PE Ratio, but don't actually know anything about the company.
|
It definitely fits in the higher risk category.
Don't hate me but I thought I would mention Tourmolines latest quarter. Raised the base dividend to $.25 a quarter and gave out another $2.25 special. I think that's almost $8 for 2022. Just thought I would throw that out there. Shares are up 100% YTD, 245% in the last 5 years.
https://www.tourmalineoil.com/investors
__________________
There are some who can live without wild things, and some who cannot. Aldo Leopold
|
11-06-2022, 07:37 AM
|
|
|
|
Join Date: Jun 2011
Posts: 3,713
|
|
Quote:
Originally Posted by Fisherdan
That was quite the end of the week. It sure feels like commodities are really turning the corner… Guess we’ll see what happens soon.
|
The USD$ took a bit of a bath last week as well which helps. What a crazy period we are going through. Always interesting.
__________________
There are some who can live without wild things, and some who cannot. Aldo Leopold
|
11-06-2022, 02:58 PM
|
Banned
|
|
Join Date: Sep 2010
Location: Port Alberni, Vancouver Island, BC
Posts: 3,444
|
|
|
11-06-2022, 03:06 PM
|
|
Moderator
|
|
Join Date: Feb 2015
Posts: 7,758
|
|
Quote:
Originally Posted by IronNoggin
|
$13.99/month of my own money, bad, lets cut it. $6,000/night hotel room with your money, thats fine!
|
11-07-2022, 01:03 PM
|
|
|
|
Join Date: Jan 2014
Location: Edmonton
Posts: 5,685
|
|
Quote:
Originally Posted by IronNoggin
|
I can’t stand watching her ugly face on tv. And her facial mimics drive me nuts!
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
All times are GMT -6. The time now is 09:28 AM.
|