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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (1238)	10/17/2018 11:42:55 AM
From: Elroy Jetson	Respond to of 13803

So you haven't been doing well financially?

To: ggersh who wrote (1238)	10/21/2018 6:12:34 PM
From: Maurice Winn	Read Replies (4) \| Respond to of 13803

The Gulf of Mexico was not only not destroyed, it was barely dinged. The damage was barely detectable unless knowing where to look and looking closely. It was amusing watching hazmat people aimlessly wandering on beaches pretending to be cleaning up. They are at greater risk when squirting gasoline into their cars which they are happy to do with no protection at all. The Transocean accident was mostly a huge profit opportunity for lawyers and anyone who could pretend they were connected in some way. It was obvious from the beginning that harm would be negligible, other than to BP shareholders. And of course those killed in the disaster. A quick look at winds and currents told me all I needed to know. Stokes law and currents distributed the oil. The "plumes" panic was ridiculous. Oil is food at the bottom of the food chain. Oil in water with oxygen sun heat and life is in dire trouble and won't last long. The main benefit of such accidents is the opportunity to start virtue signalling flat out. Mqurice

To: ggersh who wrote (1238)	10/24/2018 4:32:04 AM
From: elmatador	Read Replies (1) \| Respond to of 13803

Trump steps up attack on Fed chief, says he 'maybe' regrets picking him WASHINGTON (AFP, BLOOMBERG) - US President Donald Trump launched a fresh assault against Federal Reserve chairman Jerome Powell and hinted that he regretted nominating him in the first place. But the president demurred when asked under what circumstances he would fire Mr Powell. He also told the Wall Street Journal in an interview that he was intentionally sending a direct message to the Federal Reserve chairman that he wanted lower interest rates, even as he acknowledged that the United States central bank is an independent entity. US presidents usually remain silent on such issues in respect towards the Fed's independence. Mr Trump has previously called Fed policies "crazy". "Every time we do something great, he raises the interest rates," Mr Trump told the Journal. He "almost looks like he's happy raising interest rates", the president added. Mr Trump told the Journal it was "too early to say, but maybe" he regretted nominating Mr Powell for the four-year term he started in February. "He was supposed to be a low-interest-rate guy. It's turned out that he's not," Mr Trump added. It is unclear whether the president would have the authority to remove Mr Powell. The Federal Reserve Act says the president can remove Fed governors "for cause", but that provision does not apply to the chairman, according to the Journal. Mr Trump said the Fed poses the biggest risk to the US economy, adding that higher interest rates would slow growth and add to the national debt. "To me, the Fed is the biggest risk, because I think interest rates are being raised too quickly," Mr Trump said. US growth reached 4.2 per cent year on year in the second quarter, its strongest pace in four years. On Friday, the government is set to publish the first estimate for the third quarter, which is expected to be 3.3 per cent, according to analysts. The criticism comes after Mr Trump last week called the Federal Reserve his "biggest threat" and said Mr Powell was moving "too fast" in hiking rates. The Fed has raised interest rates three times this year as it seeks to prevent a vibrant economy from overheating, and it is widely expected to raise rates again by 0.25 per cent in December straitstimes.com

To: ggersh who wrote (1238)	10/26/2018 3:05:15 AM
From: elmatador	Read Replies (2) \| Respond to of 13803

Japan cozying up to China. Who would have guessed that under DJT pressure the Chiinese would turn to Japan? Sino-Japanese relation at 'historic turning point': Shinzo Abe BEIJING (REUTERS, AFP) - Japanese Prime Minister Shinzo Abe said on Friday (Oct 26) that bilateral relations with China are at an“historic turning point” and that he expects new opportunities between Asia's two biggest economies. Mr Abe, speaking at a forum during his visit to Beijing, said on Friday marks the dawn of new Japan-China cooperation and that he expects new possibilities in industries such as infrastructure, logistics, healthcare and finance. ELMAT: TJ is too busy Zero Hedge to notice that China and Japan on Friday signed a broad range of agreements on strengthening bilateral ties, pledging to step up cooperation in areas from finance and trade to innovation and securities listings. The Bank of Japan said both countries signed a bilateral currency swap arrangement on Friday aimed at enhancing the financial stability of the two countries. The arrangement, which takes effect on Friday and lasts until Oct. 25, 2021, will allow the exchange of local currencies between the two central banks for up to 200 billion yuan or 3.4 trillion yen (US$30 billion), the BOJ said. Earlier on Friday, Chinese Premier Li Keqiang said China is willing to advance its relations with Japan and return to healthy and normalised two-way ties. He was speaking during a rare visit to China by Mr Abe as the two countries face trade challenges from United States President Donald Trump. China also supports talks between Japan and North Korea to resolves issues, Mr Li said at a joint briefing with Mr Abe in Beijing. Both nations recognise that free trade should be safeguarded, Mr Li said, adding that China had no wish to pursue a competitive devaluation of its yuan. Relations between Asia's two biggest economies have improved in recent years after they sunk to new lows in 2012 when Tokyo "nationalised" disputed islands claimed by Beijing. The relationship has rapidly warmed up as Mr Trump slapped massive tariffs on China while also targeting Japanese exports in his effort to cut US trade deficits, despite touting his personal bonds with Mr Abe and Chinese President Xi Jinping. Mr Abe and Mr Xi are expected to discuss how to boost economic cooperation between the world's second and third largest economies when they meet later on Friday. Mr Abe began Friday with an inspection of troops off Beijing's Tiananmen Square. Mr Li greeted him as Japan's flag flew outside the opulent Great Hall of the People across from Tiananmen Square, and they reviewed an honour guard before going inside for talks. Mr Abe brought along delegates from 500 Japanese companies, which are eager for increased access to China's massive market, while Beijing is interested in Japanese technology and corporate know-how. "Though the US is quite an influential factor in China-Japan ties, the effect is limited," China's nationalistic Global Times said in an editorial. "If Beijing and Tokyo intend to plan their future bilateral relationship based on Washington's attitude, they will only get lost," the state-run daily said. 'SAFEGUARD FREE TRADE 'Mr Abe and Mr Xi are likely to focus on a range of potential deals, including joint investments in infrastructure in regional nations including Indonesia and the Philippines. The last official visit to Beijing by a Japanese prime minister was in 2011. Since an awkward encounter between Mr Abe and Mr Xi on the sidelines of a summit in 2014, there have been ministerial visits by both sides and a softening of rhetoric. Mr Li visited Tokyo in May. Mr Abe's three-day trip, which began on Thursday, sets up the possibility that Mr Xi will visit Japan next year. Mr Abe and Mr Li already met on Thursday during a reception to celebrate the signing of the treaty that put Japanese and Chinese relations back on track after World War II. At the event, Mr Li called for the countries to "jointly promote regional peace" and "safeguard multilateralism and free trade", according to state broadcaster CCTV. For his part, Mr Abe said: "Japan and China play an irreplaceable role in the economic development of Asia and even the world" and both sides should work together to "promote world peace and prosperity", according to CCTV. TERRITORIAL DISPUTES Before heading to Beijing, Mr Abe said he would also discuss North Korea and territorial frictions - calling to make the East China Sea a "sea of peace, friendship and cooperation". Just days before Mr Abe's trip, Tokyo lodged an official complaint as Chinese ships cruised around the disputed islands that Tokyo calls the Senkaku and Beijing labels the Diaoyu islands. China has long denounced Japan for what it says is an insufficiently contrite attitude towards its role in World War II. But ahead of the trip, Beijing has taken a more cordial stance than it has in the past. Japanese media have reported that Mr Abe is hoping the visit will produce a soft power win in the form of some panda diplomacy, with zoos in Sendai and Kobe apparently angling for new additions.