World economy talk

[minicarph]

The US economy's last line of defense -- consumer spending

US households cut back spending on motor vehicles, building materials, hobbies and online purchases

Nag plateau na ang computer tech, with Apple reach the A13 processors, 3 x more powerful than any Intel or AMD

And yet wala pa gano nag venture sa 360 , 3D, AR, VR

Ako gusto Ko facebook page ko papasok friends ko tapos may salas ako trophy toom saka car museum ko.

Dapat andun na tayo sa speed ng mutti processors, kaya lang mga millennials tamad at reklamador, this generation should push for these techs

Imagine, pasok ka sa VR room ng BIR or SSS, tapos punta ka sa cabinet M, M as in minicsrph, tapos kuhain ko files ko dun

Eh wala stargazing millenials sa social media, maybe Gen Z will be a better generation, lost cause na ata millennials

[istan]

Bulky kasi

Sent from my ONEPLUS A5000 using Tapatalk

[Monseratto]

Thai Owner of Dean & DeLuca Defaults on $88 Million of Debt

[kagalingan]

^
minamalas mga paborito ni cathey ah.

[Monseratto]

Good thing they hold the world currency... otherwise they would have made a beeline to the IMF...

U.S. Annual Budget Deficit Nears $1 Trillion With 26% Rise

[uls]

^^^

Trump's tax cuts and increased spending = more Treasury issuance

MASSIVE treasury issuance

And it's happening at a time when China is reducing its treasury holdings

So US domestics need to absorb the Treasury supply

In mid-September repo rates spiked -- meaning banks don't have cash to lend to each other so the Fed had to inject liquidity to bring down rates

there are lots of explanations out there (like a big bank is in trouble) but i believe it's because US domestics are already saturated with treasuries and they couldn't hold more

CASH RESERVES ARE LOW

Primary dealers (the big banks) are obligated to absorb US treasuries

but the supply is so massive and with China not buying much the banks have run down their reserves

(banks are required to hold cash reserves -- Basel 3 -- and they're already at the lowest level required)

They can't absorb more treasuries so the Fed had to step in

[uls]

they say this is temporary

you'll come across an acronym TOMO -- temporary open market operations

but i believe TOMO will become POMO (P for permanent)

there's not enough liquidity out there to absorb the massive Treasury supply

the Fed will have to monetize Treasuries

so basically, the Fed will print money to fund US gov't spending

that can't be good right?

the world will lose confidence in the US dollar

if a 3rd world central bank did the same thing -- like for example the Bangko Sentral prints PHP to fund the PH govt PHP will quickly become play money

but the US can do this coz the dollar is the #1 currency in the world

there's no alternative right now

but that doesn't mean its #1 status will last forever

i see weaker USD going into 2020

[minicarph]

bat ka pa nag doom and gloom uls, kaka discover lang ng Caldera sa tin sa Benham Rise, the biggest supervolcano in the world dormant, pero so rich in natural resources in our backyard

Yayamanin tayo



Sa Gen San lang super yaman tayo ng isda, na ineexport sa Japan as sashimi and sushi na dinadadyo naman ng ng Europeans and New Yorkers

[uls]

bat ka pa nag doom and gloom uls, kaka discover lang ng Caldera sa tin sa Benham Rise, the biggest supervolcano in the world dormant, pero so rich in natural resources in our backyard

Yayamanin tayo

i'm thought of not replying to this but here i am replying

ung mga balita na meron ganito ganyan resources ang Pinas mga ignorante lang ang naiimpress

"wow mayaman pala ang Pinas!"

eh ano kung meron natgas, crude oil, whatever ang Pinas

tapos? wala naman kakayahan mag extract

kelangan ng tulong ng foreigners

yun palang natgas/crude oil sa kaluran dagat ng Pinas di makuha kuha

if you think we're gonna become like those low-corruption resource exporters (example Norway) that wisely use their income to provide free social services like healthcare, education, and other social safety nets... dream on

if PH were to successfully extract and export resources the best case scenario we're gonna become is Nigeria

ung Malampaya fund saan napunta?

ano pa kaya if we're exporting oil

you think the money will trickle down to the masses?

you think we're gonna be like Brunei?

gimme a break

[ray_noel]

parang ang hirap talaga i.ahon ang pinas from 3rd world to a better one... daming corrupt, arrogant, hambog and etc. siguro if mababago sarili natin that’s the time na aasensyo ang pinas... sarili natin ang nag dodown lalo sa pinas...




Sent from my iPhone using Tapatalk

[uls]

tonight Federal Reserve

another rate cut likely

after this the Fed would probably signal a pause

but i think they'll cut again in early 2020 as they see more evidence of economic weakness

[Monseratto]

Last line of defense...

Consumers support U.S. economy as business spending slumps - Reuters

Sent from my Mi 9T Pro using Tapatalk

[uls]

dollar reaction to Fed decision




Fed is focused on their 2% inflation target (that's excluding food and energy)

looks like they won't reach that target for a long time so there won't be any rate hikes for a loooong time

[uls]

tonight Federal Reserve

another rate cut likely

after this the Fed would probably signal a pause

but i think they'll cut again in early 2020 as they see more evidence of economic weakness

pause

[uls]

large reduction in dollar long positions

[shadow]

Bloomberg - Are you a robot?


Sent from my iPhone using Tapatalk

[kagalingan]

Parang ako lang pero ang difference ako fashionalbe.

Kunyari hindi sila makilala sa mall tapos sabay kami maglakad eh ako ang aabutan ng flyers kasi mukha ako bibili ng condo.

[dr. d]

Parang ako lang pero ang difference ako fashionalbe.

Kunyari hindi sila makilala sa mall tapos sabay kami maglakad eh ako ang aabutan ng flyers kasi mukha ako bibili ng condo.

..that can't be!
ina-abutan rin ako.
and i dress lousy, by intent.

[kagalingan]

^
doc mukhang pag-galang yan. Parang nagmamano.

[uls]

even if those billionaires wear plain clothes

as if naman they walk around in public alone

https://www.cnbc.com/2019/04/12/face...-security.html

Facebook on Friday announced that it allocated CEO Mark Zuckerberg $20 million for security purposes -- that’s four times what he received for security in 2016.

so simple ka magdamit ka-level mo agad sila?

ang feeling naman