Are we at the start of a major recession ?

[Roger Perry]

Excellent article by Jon Soper on The Donald and CV19

Coronavirus: A problem unlike anything else Trump has faced

The coronavirus crisis is testing the US president, who wants the markets to thrive all the time.

www.bbc.co.uk

Only the S & P that operated a 15 minute halt to trading, this guy should get his facts right...........Dow and Nasdaq did not stop trading.
The danger now is that governments feel for whatever reason they have to step into this decline and do something..........that terrible word "stimulus" is being thrown around, should know by now (and disasters of the past) that the best thing the government can do is stay the hell out of it

 

[Martin Holden]

Hopefully this event be a time to re-think how we chose to do business..........a catalyst you could say.
Instead of everything made at the lowest cost, shaving the last penny by employing workers of a communist country to produce our goods', why not bring that production back home, pay our own workers to manufacture whatever is needed, at the very least this may be a time to re-evaluate globalization......??

I agree. Also, home production means more employment and those folk spend most money locally, so it’s a win win situation

 

[wanton dwarf]

I agree. Also, home production means more employment and those folk spend most money locally, so it’s a win win situation

Good to see some people thinking along my line of thought for years.

I doubt importing is better even if the price is cheaper as taxes taken in the UK will enable more social spending via HMG.

But importing allows profits which are shared throughout a population to be taken via importing at the point of entry .. a means for a few people to make the amounts of money previously made by many 1000s of people.

There will be considerable resistance by London and that new container port.

 

[wanton dwarf]

Experience would indicate that you're wrong, people will see the benefits of it and it will happen, again. And then, once the current scare has been forgotten, things will probably drift back to where we are now.

We've created today the situation that existed pre WW2 .. unfortunately the civil service seems to attract those that are always navel gazing at possible "Savings" by importing.

Savings could be gained by using more small companies rather than a few large ones.

 

[Danllan]

A Big Number indeed...

It's fake money.

 

[wanton dwarf]

It's fake money.

That's been the case since 2000ish.

 

[The Agrarian]

It is fake, and it isn't.

It is;
- because values have been juiced by the fact that fake central bank money smothered interest in gilts and treasuries, pushing the real money into stocks.

It isn't;
- because if you bought one unit of S&P500 in 2009, with your real dollars, you could sell it today for triple your original cost, again in real dollars.

 

[ollie989898]

Hopefully this event be a time to re-think how we chose to do business..........a catalyst you could say.
Instead of everything made at the lowest cost, shaving the last penny by employing workers of a communist country to produce our goods', why not bring that production back home, pay our own workers to manufacture whatever is needed, at the very least this may be a time to re-evaluate globalization......??

Absolute nonsense.

1. You won't find enough people in America willing to screw iphones together.

2. Even if you could, the cost of an iphone would sky rocket and they would sell fewer units. Do you honestly believe that would be beneficial for Apple?


In the UK today they can't find enough excavator, for lift or truck drivers, let alone CNC machinists or people who package and distribute products. You reckon you will get even 1000 people to sit at a desk all day on minimum wage and assemble iphones? You are dreaming.

 

[baabaa]

so last century

Designed by Apple, built by robots

Apple's employees are retraining for roles managing robots on production lines, a new report reveals.

www.computerworld.com

 

[Roger Perry]

Absolute nonsense.

1. You won't find enough people in America willing to screw iphones together.

2. Even if you could, the cost of an iphone would sky rocket and they would sell fewer units. Do you honestly believe that would be beneficial for Apple?


In the UK today they can't find enough excavator, for lift or truck drivers, let alone CNC machinists or people who package and distribute products. You reckon you will get even 1000 people to sit at a desk all day on minimum wage and assemble iphones? You are dreaming.

Lets' take the long view, The peoples Republic of China are no friends of the west, so how come we (the west) are so supportive...........answer......because of their ability thru currency manipulation and control of the means of production to produce goods cheaper than our ability to do so.
But rather than chasing the last penny we need to re-assess how important control of production needs to come back home...........or to a friendly nation.

 

[Lowland1]

Absolute nonsense.

1. You won't find enough people in America willing to screw iphones together.

2. Even if you could, the cost of an iphone would sky rocket and they would sell fewer units. Do you honestly believe that would be beneficial for Apple?


In the UK today they can't find enough excavator, for lift or truck drivers, let alone CNC machinists or people who package and distribute products. You reckon you will get even 1000 people to sit at a desk all day on minimum wage and assemble iphones? You are dreaming.

These are fair points in the west there is an aging population and if we are going to revamp an industrial economy you are going to need younger people who are likely to be immigrants and it seems we don't want those according to our leaders so it looks like we are going to need China or if China starts to get expensive another cheap labour economy with a younger demographic to do the work. It's interesting that a disease that's more likely to knock out the old folk is going to start a recession.

 

[Danllan]

Lets' take the long view, The peoples Republic of China are no friends of the west, so how come we (the west) are so supportive...........answer......because of their ability thru* currency manipulation and control of the means of production to produce goods cheaper than our ability to do so.
But rather than chasing the last penny we need to re-assess how important control of production needs to come back home...........or to a friendly nation.

I agree with you about China entirely, but you are also arguing against the profit motive controlling firms in the short to medium terms. Businesses can't, almost by definition, ignore a chance to make more profit unless required to do so by law, and only that would trump - no pun intended - their fiduciary duties.



*Your spelling... please tell us you still spell 'colour' and 'aluminium' properly!

 

[MiJ]

Those left will get a shock at the manual labour they will have to do if they want to eat. iPhones could become a distant memory.

 

[czechmate]

I agree with you about China entirely, but you are also arguing against the profit motive controlling firms in the short to medium terms. Businesses can't, almost by definition, ignore a chance to make more profit unless required to do so by law, and only that would trump - no pun intended - their fiduciary duties.



*Your spelling... please tell us you still spell 'colour' and 'aluminium' properly!

One of my pet irritations is folk who work for the bbc (especially) who say schedule in the American way. My wife does it now but only to annoy me...

 

[Danllan]

One of my pet irritations is folk who work for the bbc (especially) who say schedule in the American way. My wife does it now but only to annoy me...

Does it incentivize you, it likely winds you up, if so that's not 'very unique'... Out of interest is she a paytriot? And there are so, so many more!!!


My wife does things 'only to annoy me' too... girls eh?

 

[Roger Perry]

I agree with you about China entirely, but you are also arguing against the profit motive controlling firms in the short to medium terms. Businesses can't, almost by definition, ignore a chance to make more profit unless required to do so by law, and only that would trump - no pun intended - their fiduciary duties.

I know that's true and its' not the job of the Gov to tell business how they should operate, but I do believe that over time there will be a re-set on the supply of goods' from China.
As a "for instance" it was stated today that 80% of the raw materials used in the manufacture of pharmaceuticals used in the west was imported from...........China.


*Your spelling... please tell us you still spell 'colour' and 'aluminium' properly!

Color/Aluminum/Plow/ Tire/ Airplane................you mean those kind of spellings'..?

 

[Danllan]

Color/Aluminum/Plow/ Tire/ Airplane................you mean those kind of misspellings'..?

Yes, that's the sort of thing, the ones that primary school children soon master.

 

[averageguy54]

Take what you will from it, but yesterday my bank saw fit to send me an e-mail outlining various options for long term investment security. First time ever. Not one of the usual adverts that come up when you go to the home page either.

 

[Lowland1]

Yes, that's the sort of thing, the ones that primary school children soon master.

Or knowing that the UK is part of yoorp.

 

[Danllan]

Or knowing that the UK is part of yoorp.

Not anymore.