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


To: E_K_S who wrote (13315)3/10/2025 5:10:08 AM
From: elmatador  Read Replies (1) | Respond to of 13882
 
Trudeau out. Carney in.

Carney, who will lead a minority government in parliament, could either call a snap general election himself or opposition parties could force one with a no-confidence vote later this month.

Trudeau was forced into resignation, and on Sunday night former Bank of England governor Mark Carney was elected Liberal leader, easily beating out deputy Prime Minister Chrystia Freeland. ]

There was actually very little to choose between them politically. Both represented continuity, support for Trudeau’s policies of ambitious climate change targets, a carbon tax, generous public spending, and socially progressive legislation.

Freeland had even said that if she’d won, she would have asked Carney to be her Finance Minister.



To: E_K_S who wrote (13315)3/11/2025 12:57:33 AM
From: elmatador  Read Replies (2) | Respond to of 13882
 
Stocks plunge? The US is throwing Wall Street to the piranhas to save Main Street.
"This is the end of the financialization of the American economy. Simply, “financialization” describes the shift among businesses from producing goods and services to earn money to focusing on ways to use money to make money."

Financialization distorted the US economy. It led corporations to focus on short-term gains and maximizing shareholder value. CEOs receive most of their compensation in stock options instead of salary, is increasing their company’s share price, delivering record dividends, and keeping investors happy while growing their wealth. This is what destroyed capitalism.

Enter Trump's team: The US wants to start producing again.
Having industries. In short, bring capitalism back.
To do this, it needs cheap dollars to export. The dollar will be weakened.
Want to turn a profit? Start doing like the Chinese, start producing something that the market wants to buy.

The champions of a sport that is not going to be in the Olympics are the people masters in making money with money.
How will pension funds fare in this new era post-financialization?