There i s very little about what really is going on in SA newspapers on that score - but the question really is did somebody do a Steinhoff on the company?
I see there shares are about 10% down on the NY stock exchange. Is that not having an effect on the slump in share prices this weak or is the threat of a US recession real?
LOL, nice rant Rooi!
I saw the news on CNN and since they ae basically a DP propaganda outlet I asked Mozart for his objective opinion.
Unfortunately as big a disaster Bush was in economic management - the real problem was that Obama was even worse. In the eight years Bush was in charge the National Debt in the USA went up by $6 trillion - in the 8 years of Obama administration it went up by $11 trillion,
Under Bush the economy was stagnant and so was it under Obama until 2014 - in 2015 and 2016 the economic growth was 1,8% per annum. None of the new wealth reached the ordinary workers in the USA and the unemployment rate was circa 5% while the real standard of living went down by about 0,5% per year, More than 13 million people lived off food stamps provided to the desperately poor people to live from. That is not a record anybody should call an economic success at all - it made a few of the extremely wealthy richer and the ordinary people poorer. In other words it was a demonstration of sheer incompetence - which led to the Trump victory in 20 16
Anyway the Democratic Party is a disaster when it comes to the economy. The state with the worst living conditions in the USA is California and the middle class is relocating to other States deserting their business and causing unemployment increases while in the rest of the USA it is declining. The same applied to the ten most badly governed cities in the USA, .
In the last year the economic growth was at 3.8% and the unemployment rate went down to 3.7%. That is no sign of a recession at all - and the Federal Reserve Chairperson said no - there would not be a recession - but CNN would not allow that statement to be broadcasted..
Since the signs of a recession was absent I asked Mozart for his opinion on the issue..
Duplication
Yes Mike it is crystal clear when the economy swung towards the positive. Nov 9, 2016 when it became clear who would be the next POTUS.
Draad there were some decline of about 1,4% in share values on Tuesday -wit a slight recovery on Thursday - enough for a special drive by CNN, It could be linked to the GE problems - hence my question about GE.
Maaik, the GE thing is something else...I don't know what's going on, but if one looks at the consumer figures released by Walmart, a recession doesn't look that likely. Ad that to all the other positives like job creation and wage increases...I'm obviously not an economist, but it doesn't look like a disaster in the making???
Nothing to do with Trump.
Can't be! Orange man bad!
If rooibozo would only just shut up and learn from his better the clown might learn something!
Hahahahaha anybody still doubting ou ROOIBOZO is a raving loon?
Beeno
No he is not a raving loon - he watched CNN and they did a survey in which 80% of their viewers clamed a depression is inevitable - and the whole discussion centered around Trump being responsible for the coming depression.
The other leftwing tv channels and newspapers were screaming about the same discussions on how bad the economy is because of Trump. I am not sure but I think the hysteria created by the media may have let to panic sales,
Rooinek fell for it lock stock and barrel. Let me explain - as long as the economy rmains on the level it has been the past year - the leftists have no chance to defeat Trump in 2020 - so we can expect further mass hysteria,
The problem is that two of the major economic powerhouses - namely China and Germsny - are in decline insofar as the economy is concerned, The Chinese blame Trump for the decline in growth, but the fact is they have flooded the world with cheap products destroying industry in many countries - the clothing industry in SA is an example/ There factory workers earn about $30 per month, which has a huge impact on cost of products which they export. the trade deficit of the USA was massive and Trump said no more. The Chinese Government charge import duties on imports from other countries - while for instance the US does not, That takes the food out of the mouths of the US worker chore, but the Obama Government did zero to protect the interest of the American people.
Germany is on the brink of a recession and the reason is clear, The German Government is weak and rely on the support of the Greens to keep functioning and they are demanding the same economic destructive approach as Alexandria Ocaseo Cortez is preaching, That would obviously in the end lead to collapse of the economy of any country and that is the situation faced by Germany at present,
To blame Trump f or the economic troubles of other countries is dishonest and absurd, .
Duplication
Rooinek
So where did you get the recession story from? Sorry I differ from you on issues - buyt I have in the past five years more often than not took your side on issues, When I differ from you calling e a moron is a bit over-the-edge,
Rooinek
I do like discussions to be based on fact and not personal dislike. The latter is no grounds for real and objective assessments - hence my difference from you on the issue pertaining to the USA.
Damn!!!Th ere's that irony thing again!
"Oh do shut up ou Maaik you blithering moron.
Rooinek
There are vey sound reasons for the above statements you quote and the problem is it is factional.
OK lets put it in perspective, The worst run state in the USA is indeed California. It is been confirmed as such by Independent research and the State has been ruined for years by the Democratic Party of California. Aside from the hundreds of thousands of homeless people sleeping on the sidewalks, their taxation levels are ruining the lives of the middle class and they are closing shop and moving to other states. Basically the same applies to the major cities governed by the DP. The federal government gave Baltimore $16 billion to start sorting out the problems encountered by the residents. Nothing was in fact done and the money vanished into thin air.
If you listen to the attacks of the present DP candidates attacking Obama - as well as the results of the Obama administration he was a disaster as president - weak and indecisive, The other Governments used him to their advantage, A typical example is that he warned Surya not to use chemicals in the civil war and called it a red line which would lead to military action by the USA. The Syrian Government ignored the red line and Obama did bugger-all about it. . .
Fact is the DP is a splintered party between the extreme left and the centrists, The latter in the main keep quiet allowing the Democratic Socialists to run wild. If one listen to what come out of that lot you will see why I say they are communists as well. They even support the communist regimes in Cuba and Venezuela. They want open borders to let millions into the USA - which they can then use for voter fraud to take over the US Government.
Married to Hillary called by Many Americans the "Witch from Washington" was supposed to be a joke LMAO
Obama protecting the interests of American people - why did the working class vote against the DP in 2016. Find out what really happened and then we can discuss that statement again.
Antifa in certain Democratic Party Government cities and states are given a free run and the fact is they are actually in league with the Democrats, The Democrats have never once criticized Antifa and in view of the protection allowed tp them by states and cities governed by the Democrats it is clear they are part of the DP strategy,
Maaik, you are wasting your breath, Rooi made up his mind 2 decades ago...probably even longer back.
Suggesting that this dumbass ROOIBOZO has a mind is absurd. The clown is a brainwashed automatim. He r egurgitates what the fake news globalist MSM feeds the dope without any thought involved.
Rooitwit is incredibly weak minded. He is nothing more than a puppet reacting how he is told to.
Seldom have I encountered such mental slavery. The walking dead!
Looking at the video of Harry Markopolos above - it is Steinhoff again - but on a much larger scale than ever.
"Squeaky toy" lol, from the pathetic loser who left in a huff and then returned under a new nick...Coward.
Rooi, I'll start ignoring you when you stop being a hypocrite and start practicing what you preach...and please stop referring to others as brainwashed when you yourself are parroting propaganda lines from the "liberal script"....and, as is clear by the example you set, there ain't nothing liberal about any of it...a bit of introspection might come in handy.
Aug 18, 2019, 15:58
Looking at the video of Harry Markopolos above - it is Steinhoff again - but on a much larger scale than ever.
Yes Maaik, some good people were swindled again. The whole financial system is one big mess...the world has become too complicated.
I have to agree with you - the crooks have infiltrated major financial institutions and companies and through fancy book keeping systems and fraud are milking the companies dry. The losers are the ordinary shareholders.
I wonder why Mozart is so quiet about this issue. Did he lose money on GE shares as well?
I have to agree with you - the crooks have infiltrated major financial institutions and companies and through fancy book keeping systems and fraud are milking the companies dry. The losers are the ordinary shareholders.
I wonder why Mozart is so quiet about this issue. Did he lose money on GE shares as well?