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- Momofrmnyc commented Apr 16, 2020
Haha this fake optimism might bring up CAD in the short term but we are still just realizing how catastrophic the effects are. Oils a shit show, CAD economy is on the brink, this optimism disconnect in the markets is truly alarming.
Poloz: Oil price drop alone would have required 100 bps rate cut
- Momofrmnyc commented Apr 16, 2020
People are dying because of the the virus first and foremost. You're worried about the economy vs the actual lives that power the economy. It's the small people that build up this economy truly. It's totally pointless to re-open the economy and more ...
Trump: We are opening up our country, we have to do that
- Momofrmnyc commented Apr 16, 2020
Balls mean nothing if most of the working labor passes away due to a disease. The economy is built off the hard working people not billion dollar corps.
Trump: We are opening up our country, we have to do that
- Momofrmnyc commented Apr 16, 2020
Disconnect for sure but expecting CAD to drop back down soon.
Poloz: Oil price drop alone would have required 100 bps rate cut
- Momofrmnyc commented Apr 16, 2020
That's better to have the long term view on it. It'll eventually go back to normal.
From the G20: Canada and the US have agreed to support the OPEC+ cuts
- Momofrmnyc commented Apr 16, 2020
How did that WTI will be $30 work out for you? Nothing and no entity can tweak the markets for long.
From the G20: Canada and the US have agreed to support the OPEC+ cuts
- Momofrmnyc commented Apr 15, 2020
The charts showed exactly what it thought about the AUD news in my opinion. A quick run up and crashing back down.
Labour Force, Australia, Mar 2020
- Momofrmnyc commented Apr 15, 2020
When you see it on the chart it really comes to life.
US retail sales for March plunged a record 8.7%, vs 8.0% drop expected
- Momofrmnyc commented Apr 15, 2020
The blood will spill into the streets eventually the disconnect is too apparent.
US retail sales for March plunged a record 8.7%, vs 8.0% drop expected
- Momofrmnyc commented Apr 15, 2020
Sounds about right when a good portion of your economy is shut down and we are consumer spender friendly.
US retail sales for March plunged a record 8.7%, vs 8.0% drop expected
- Momofrmnyc commented Apr 14, 2020
The debt level game is more of a long term scenario in the making as you know. What you said is very true and raises a lot of questions. Will this be the opportunity of a lifetime or could it still keep dropping to provide us with a better chance. ...
Bullard says Fed willing to do more if other markets experience trouble
- Momofrmnyc commented Apr 14, 2020
FED is like a chicken with its head cut off just running around aimlessly. I mean I'm not sure how much more intervention of trillions of dollars will do if the first few haven't appeased concerns. I'm just watching this debt bubble up to ...
Bullard says Fed willing to do more if other markets experience trouble
- Momofrmnyc commented Apr 14, 2020
Don't worry it's only so long you can try to prop up an economy on terrible foundation. Eventually it'll cave and it'll create a massive storm. The disconnect between the prices and what's actually happening is visible as day. Just sit back and ...
Bullard says Fed willing to do more if other markets experience trouble
- Momofrmnyc commented Apr 12, 2020
Hahaha perfect crap trap.
OPEC+ reaches deal to cut oil production: Delegate
- Momofrmnyc commented Apr 10, 2020
How many jobs does that account for? A drop in the bucket. I'm a small business owner and can tell you my store has went from making mid 5 figures monthly to zero. That's a shut down as far it goes. Oil demand is reduced and will stay reduced as ...
From the G20: Canada and the US have agreed to support the OPEC+ cuts
- Momofrmnyc commented Apr 10, 2020
I'm not sure why people think OPEC cutting is going to drastically change oil prices. It's bigger than them - no demand means doesn't matter how low/high the price of your item if there's no one to buy. We have economies shutdown worldwide the ...
From the G20: Canada and the US have agreed to support the OPEC+ cuts
- Momofrmnyc commented Apr 10, 2020
It's not the end of the world but it has already destroyed demand and is halting economies worldwide. The long lasting effects haven't even started setting in yet.
From the G20: Canada and the US have agreed to support the OPEC+ cuts
- Momofrmnyc commented Apr 9, 2020
April already started and prices were already set up for the month they can't just change it at a whim.
OPEC+ members agree to cut output by 23% in May-June: Delegate