Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
US Labour market: what's behind unexpected growth?
Business Matters
Employers added 336,000 jobs in September, almost double the 170,000 estimated, according to figures released by the Labour Department.
Great news if you're looking for work there, of course, but if you're in the Federal Reserve, America's central bank, and worried about the economy overheating, maybe not so good.
https://www.bbc.co.uk/programmes/w172yzrrxxk9085
I did say before the US numbers were released at 13:30 in the US yesterday that wage growth data was the most important- glad to see the analysts are now catching up and reporting this hehe.
Lower than expected wage growth generally means lower cost of production/supply of a lot of goods which means less inflation which means less chance of rate hike as all the fed care about is inflation - this is why I keep saying “inflation, inflation, inflation…”
SteveJones999
Posts: 1,876
Price: 79.10
No Opinion
RE: SP6 Oct 2023 13:28
It's all linked, the FED went to hit their inflation.
A miss on wage growth is more important to gold than NFP.
As I posted previously, I and a few others think there are more important things at play in the US. One of them is Ray Dallio who comments (briefly)
In this, the latest episode of this drama, Kevin McCarthy tried to piece together a deal and a vote that required some Republicans and some Democrats to come together to support it. This was one of several bipartisan votes for this Congress that McCarthy helped to engineer in his tenuous position as the Republican speaker of the house (including Ukraine funding, raising the debt ceiling, etc.) that led to him being booted out and accused of being disloyal to his party. While I sympathize with those who worry about the increasing growth in debt, I am even more concerned about who has what powers and the choices that are being made to fight rather than to cooperate across party lines and view this development as another step away from democracy and toward civil war.
I hope it is now clear that the two parties are squaring off into monolithic blocks that are controlled by uncompromising, win-at-all-costs extremists and that most everyone will be forced to pick a side and fight for it. While this tendency is most obvious in the Republican Party, it is also true for those in the Democratic Party. (Though the Democratic Party wisely chooses to make it less obvious, it very apparently demonstrates it in the ideological conflicts that are taking place throughout government, especially in congressional committees.) This is now a fight to win-at-all costs game in which just about anything goes, including fighting dirty (lying and cheating), and respect for the system doesn’t matter much.
Nothing new with his comment on lying and cheating which is part of US business and politics and has been for more than 100 years. It is disappointing to see it going to new levels of stupidity. Good luck the US$
Very concerning that trust has left the US
https://www.youtube.com/watch?v=PhAGPQE0H-U
A general trend in the past is when you have a high level of disarray in the past, they start a war (in the name of democracy or something like this), but this time it might be internal ?
cheers
With the new escalation in the Middle East another war may not be so far off.
"A general trend in the past is when you have a high level of disarray in the past, they start a war (in the name of democracy or something like this), but this time it might be internal ?"
War has been declared in Israel. Sadly.
OK Biden, the solution is simple.
Sanction both Israel And Palestine.
;-)
Egyptian policeman opens fire on a group of Israeli tourists in Alexandria.
Two Israeli tourists and local guide shot dead in Egypt, Israel says
Two Israeli tourists and their Egyptian guide have been shot dead in the Egyptian city of Alexandria, the Israeli foreign ministry says.
Another Israeli was wounded in the attack on Sunday morning, which the ministry said a "local" carried out.
There was no immediate confirmation from Egyptian authorities.
https://www.bbc.co.uk/news/world-middle-east-67046394
https://tinyurl.com/yfeca8ha
Not to worry he the official was instsntly arrested.
So presumably "He" is in deep poo poos.
Iran is the master mind, and you know what follows, Other islamic nations could be complicit...and you know what follows ... sadly. You can bank on the us$ LOL
Perhaps a better strategy than declaring war on China...LOL.
When will humanity evolve?
good luck to all
the gnome