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So what good had gold done the planet? Millions and millions have died over it since the dawn of time, nations slaughtered for it- I could go on....
Although the USA elected a Democrat government and Biden for president the appointment of Powell seems to confirm that the Republicans and big business are still really in charge, pulling the strings!
In the 21st century considering the environmental and ongoing pandemic challenges , not to mention a selfish foreign policy.Powell is certainly the wrong the wrong person in the wrong place at the wrong time, not the type of person that's needed to help combat climate change and create a better and fairer world based on equal opportunity for everyone, not just those at the top!
America claims to have classless society, not the case, those in power just choose not to recognise that claim is just a myth ,the reality is quite different and getting worse!
One of the overriding factors that has contributed to the sorry state of our planet is the purposely induced market instability brought about just to drive the indices up and down for a quick profit with scant regard for the wider reaching consequences.
I understand everyone is free to make there own investment decisions and they must decide if they feel morally comfortable about the wider reaching implication and outcome and how those profits or losses were achieved.
Just like some for their own reasons choose to believe and invest in accompany with the right ethos for a long term return, which hopefully will help contribute to a more stable future for all.
Remind me miz - what's Basel 3? :-)
Hi miz - Nice one - thanks for posting.
The new varient of Covid is likely to be useful, to get them out of this.
https://on.rt.com/bmbn
After all Covid worked for getting more time bot US and London for Basel 3 new regulations.
I don't why you’ve such a downer on him, he’s made me a packet since he became FED chair ??. Volatility is not surprising with this new variant .
Seems to put into doubt the reliability of Powell's predictions and strategy, he's out of touch with reality!
Hi Mr Bond,
Fair comments,
You have obviously also smelt the baloney!
Thankfully we have a very capable CEO running things now with a credible plan!
And gold on its way up again. ;) with news due on the 8th Monday should be interesting …
wait is the missing word!
Hard to tell as although a miss, as usual we need to for ensuing breakdown and other labour market bits and wage data breakdown.
Should help CEY when USA market opens.
Perhaps I have.
Perhaps if you shared the experience that some of us have you would be less critical - just a thought :)
I am getting sick of reading rubbish on here.
So many self declared "Ametuer Experts".
Thinking themselves suitable for CEOs.
In your dreams maybe.
I have tried to explain to you that it is impractical & indeed impossible to formulate a mine plan without access to a huge volume of detailed information which is not available to the general public or even shareholders - you seem unable or unwilling to grasp this concept therefore I believe that our ongoing exchanges of barbs whilst amusing have become pointless & fruitless therefore I shall withdraw & defer to your superior knowledge :)
Well as you cant be bothered to come up with an alternative mine plan then allowing Martin Horgan to crack on with his would appear to be the best option!
The evidence for my opinions is the progress or specifically lack there-of in operational performance - if I wasn’t so lazy & complacent in my comfortable early retirement I would put my hand up for the job, I do not believe that I could do any worse!
A proper mine plan is what is required, it forms the back-bone of every successful miner and is a most beautiful & magnificent piece of work - you have not had the experience of working with one but before jumping down my throat with uninformed criticism first ask your mining professional friends about the value & necessity of one - you may well learn something :)
Of course, this variant will spread- but so far indications are broadly not negative on impact.
They’re not vaccinated, and with unvaccinated parents and numbers remain very, very low. I am wary of %’s and not actual numbers - I just increased my chances of winning the lottery by 500%… I bought 5 tickets…
10% of all Covid-19 admissions are children under the age of 5 in SA, a group that is untested for Covid vaccinations and not vaccinated. The paediatric units are under stress and the conditions are not mild for this group. If it gets into other countries in the coming weeks it is likely to be a serious problem. No data yet on the fatality rate in the under 5yrs. Not a good time to hold airline stock.
Tornadotony,
There must be some valuation for the dividend no ? Perhaps not if it were 1 or 2% but surely at this level and with a divi policy it has to be worth something extra on the SP
Thank you Tornadotony, your analysis certainly seems to illustrate just how undervalued the stock is at present.
Share holders have certainly paid a heavy price for high grading carried out by the previous management, pity the that Martin Horgan was'nt CEO a few years ago!
Of course “k” is not fair- that’s why it’s a “k”… and that article is old- he’s already got a second term since that was written
Interesting views regarding increasing inequality in the US,
Dr. Tim Liao's most recent essay for the general public is now published. The essay it titled "The Inequality of America’s “K-Shaped” Recovery."
https://sociology.illinois.edu/spotlight/faculty/inequality-americas-k-shaped-recovery-dr-tim-liao
Powell is not the man for the moment. For starters, he supported former president Donald Trump’s deregulatory agenda, risking the world’s financial health. And even now, he is reluctant to address climate risk, even though other central bankers around the world are declaring it the defining issue of the coming decades. Powell would say that climate issues are not included in the Fed’s mandate, but he would be wrong. Part of the Fed’s mandate is to ensure financial stability, and there is no greater threat to that than climate change.
https://www.theguardian.com/business/2021/nov/10/why-the-federal-reserve-chair-jerome-powell-must-go