- Admin
- #1
anthony
Founder
I am starting the call the state of global markets the GFC roundabout, because between America and Europe, one or the other, or both, keep crashing markets, then slight recovery, crash them again based on some more bad news, then recover with some good... the market is like a rollercoaster playing havic across the world.
If a European country isn't collapsing, markets fall, then getting a bailout offer, markets recover, or; the US property reports got worse, or suddenly better, or something failed in congress, something else suddenly has been announced... then outside of that, China has recorded poor growth or good growth.
Using a single word right now.... Volatile, is about the best word I can think off.
Between Greece not wanting to work, retire at 55 and only pay taxes if they feel like it, wanting money to continue that nonsense lifestyle and not wanting to change, or the US deciding to print more money and water the US$ further, or suddenly trying another strategy... its all becoming a nearly weekly roundabout watching the finance reports each morning, not really knowing which direction an economy is going.
Apple, as an example, just reported double, yes double, its last years income. Yet other big players that have substantial impact are falling through the floor. I guess we have certainly personally contributed to Apple's success, and shifted from a Windows / PC household to an Apple Mac household, thus obviously impacting some areas in electronics. Intel just wins regardless, as PC's and Apple run on Intel primarily. If you had shares in Intel for the last decade you would have seen some dramatic profits.
Australian financial experts are now arguing whether interest rates are going to drop or remain on hold... even though the cost of living has gone up, through the GFC they put interest rates up too quickly because the country is financially strong... yet there was the catalyst... they put interest rates up too quick, not allowing enough time for consumers to respond and that response to be gauged, now Australians aren't spending because the cost of living has risen so much, so industries across the country are doing it hard / going broke and home repossessions are up as a result of the Government increasing interest rates for the entire year during when the GFC began, now the economy suffers because they haven't reduced them... as the mortgage market along with small business is usually what drives every countries economy... both being affected as a result of stupidity right now from a Government we have who is just negligent and wasteful with spending. Yeh stupidity...
So the GFC roundabout continues... I do wonder where it will end!!!
If a European country isn't collapsing, markets fall, then getting a bailout offer, markets recover, or; the US property reports got worse, or suddenly better, or something failed in congress, something else suddenly has been announced... then outside of that, China has recorded poor growth or good growth.
Using a single word right now.... Volatile, is about the best word I can think off.
Between Greece not wanting to work, retire at 55 and only pay taxes if they feel like it, wanting money to continue that nonsense lifestyle and not wanting to change, or the US deciding to print more money and water the US$ further, or suddenly trying another strategy... its all becoming a nearly weekly roundabout watching the finance reports each morning, not really knowing which direction an economy is going.
Apple, as an example, just reported double, yes double, its last years income. Yet other big players that have substantial impact are falling through the floor. I guess we have certainly personally contributed to Apple's success, and shifted from a Windows / PC household to an Apple Mac household, thus obviously impacting some areas in electronics. Intel just wins regardless, as PC's and Apple run on Intel primarily. If you had shares in Intel for the last decade you would have seen some dramatic profits.
Australian financial experts are now arguing whether interest rates are going to drop or remain on hold... even though the cost of living has gone up, through the GFC they put interest rates up too quickly because the country is financially strong... yet there was the catalyst... they put interest rates up too quick, not allowing enough time for consumers to respond and that response to be gauged, now Australians aren't spending because the cost of living has risen so much, so industries across the country are doing it hard / going broke and home repossessions are up as a result of the Government increasing interest rates for the entire year during when the GFC began, now the economy suffers because they haven't reduced them... as the mortgage market along with small business is usually what drives every countries economy... both being affected as a result of stupidity right now from a Government we have who is just negligent and wasteful with spending. Yeh stupidity...
So the GFC roundabout continues... I do wonder where it will end!!!
