Economic BBS

    • I've received a lot of emails asking why I could give a shit about Brexit given my Defined Benefit (Guaranteed for Life) Pension
      Several emails have started, "BoomerBoi, you have a pension that pays you for life. Your pension is large and guaranteed. Why do you care what stocks are doing and how it affects those whose 401ks are dependent upon the performance of the stock market?" Other emails ask about the size of my sock monkey collection and its value. Some folks have even asked about my relationship with Flyrodder.

      Let me take this opportunity to address all of you who have inquired, settling the score straight once and for all.

      1. First on my pension. Yes, it's large and it's fucking guaranteed for life, and I am set for life. I admit I am one of the lucky ones. But, I do have kids who are less fortunate and don't have the same opportunities that I have had. Them, I care about and their future and their childrens' future. Plus, I love America and don't want to see it go to shit on my watch.

      2. Second, regarding my sock monkey collection. It's true, I have a couple of Joe-Joe's, but nothing compared to that freak collector in Lawrenseville.

      [continued]
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  • BoomerBoiX
    • And so it begins...
      Enough with the stupid "and so it begins..." threads. I'm Xing all of them from here on out. You're a fucking retard.
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    • > 06/09/2016 06:17 PM : .
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    • The problem with Water World was there were not enough tankers
      http://www.reuters.com/article/us-asia-oil-storage-idUSKCN0YA129

      Prices for oil futures have jumped by almost a quarter since April, lifted by severe supply disruptions caused by triggers such as Canadian wildfires, acts of sabotage in Nigeria, and civil war in Libya.

      Yet flying into Singapore, the oil trading hub for the world's biggest consumer region, Asia, reveals another picture: that a global glut that pulled down prices by over 70 percent between 2014 and early 2016 is nowhere near over, and that financial traders betting on higher crude oil futures may be in for a surprise from the physical market.

      "I've been coming to Singapore once a year for the last 15 years, and flying in I have never seen the waters so full of idle tankers," said a senior European oil trader a day after arriving in the city-state.

      [continued]
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    • > 05/18/2016 04:31 AM : .
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    • Chinky taxpayers hugely subsidizing US consumers and I'm not seeing a problem here.
      The U.S. affirmed the level of dumping margins it found on cold-rolled steel imports from China, paving the way for permanent duties on the product used in cars and appliances.

      Dumping margins were 266 percent for Chinese imports and 71 percent for Japanese cold-rolled imports, the Commerce Department said Tuesday in a statement. The department also found that imports of the variety of steel from China were subsidized by 256 percent, higher than the 227 percent found in a preliminary ruling in December.

      http://www.bloomberg.com/news/articles/2016-05-17/u-s-said-to-affirm-chinese-and-japanese-steel-dumping-margins

      This was a fantastic deal for the US economy, the huge majority of US businesses and the US consumer. Why the fuck would the US government intervene? Why interrupt your competitor when they're busy doing something to defeat themselves?
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  • VP_Spiro_T_CheneyX