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Sisyphus

Us Q4 Gdp Annualized + 1.1%

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US Q4 GDP annualized + 1.1% (market expected +2.8%)

Q4 GDP Price Index +3.0% (market expected +2.7%)

Q4 Personal consumption +1.1% (market expected +0.4%)

December New Home Sales out later.

Stagflation anyone?

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1 Year 17.89

3 Year 24.84

5 Year 12.91

10 Year 14.68

Above are returns on Fidelity defense fund--looks like a lot of investment headed into military stuff.

Its where I put some of my STR funds

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Don't forget that inflation is probably understated by maybe 3-5%, so America is well into a recession with only 1.1% growth.

As for military spending, when the US economy crashes that will be one of the first things that's cut. The boomers aren't going to be rushing to invade Middle Eastern nations if they're being told that the coutnry can't afford 'free' pensions and healthcare.

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Don't forget that inflation is probably understated by maybe 3-5%, so America is well into a recession with only 1.1% growth.

As for military spending, when the US economy crashes that will be one of the first things that's cut. The boomers aren't going to be rushing to invade Middle Eastern nations if they're being told that the coutnry can't afford 'free' pensions and healthcare.

War is often the antidote for a languishing economy.

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War is often the antidote for a languishing economy.

War takes money which could be used productively and throws it away on destruction: claiming that war is 'an antidote to a languishing economy' makes as much sense as claiming we'd be better off if we hired half the unemployed to smash windows and the other half to repair them.

The only 'benefit' of war is that it allows the government to justify borrowing more money to waste on military gadgets.

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Guest Riser

War is often the antidote for a languishing economy.

The system is so peverse that low growth and higher than expected CPI in the US have sent the Dow up89 pts. Perhaps the traders think it will bring a war with Iran that much closer and can't contain their excitement.

EDIT: Just found out why, it shows ow sensitive the stock market is to housing news, and suggests people in the UK won't accept a crash is happenning until they see the FTSE tank.

U.S. Dec. new home sales rise 2.9% - UPDATE 1

WASHINGTON (AFX) -- Sales of new U.S. homes increased a surprising 2.9% in

December to a seasonally adjusted annual rate of 1.269 million, the Commerce

Department reported Friday.

Economists surveyed by MarketWatch were expecting sales to fall slightly to

a 1.23 million rate.

The sales rate in November was revised lower to 1.233 million from 1.245

million previously................

Edited by Riser

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Yet the $ strengthens?

<_<

I must be missing something.

because rates still have to rise to curb inflation. Real incomes are falling, a lot of pain on the way.

Sophisticated name by the way Mr Shower.

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because rates still have to rise to curb inflation. Real incomes are falling, a lot of pain on the way.

Thanks. Saw that bit after I posted, damn this dial up connection.

Sophisticated name by the way Mr Shower.

Hey, baby, anytime you want nice soft skin...

:lol:

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War takes money which could be used productively and throws it away on destruction: claiming that war is 'an antidote to a languishing economy' makes as much sense as claiming we'd be better off if we hired half the unemployed to smash windows and the other half to repair them.

The only 'benefit' of war is that it allows the government to justify borrowing more money to waste on military gadgets.

loads of products have come from the military sector such as the internet much computer technology and aerospace etc

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loads of products have come from the military sector such as the internet much computer technology and aerospace etc

And?

Spinoff arguments are particularly spurious, as those technologies could have been created at a much lower cost simply by creating them and forgetting about the whole expensive 'war' thing. They also assume that those technologies are more important than whatever would have been created had people been able to choose how to spend their money rather than see it stolen and given to military contractors.

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  • 342 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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