Bad News Wednesday

[WaveJumper]

Well, it really has been bad news Wednesday, from commuters hit with yet another rail strike and the promise of more to come, Russia cutting gas supplies to Germany which has resulted in a 2% increase in EU wholesale prices and due to world market demand the UK has seen a 7% increase in the market.

The Fed have increased rates this evening by 0.75 percentage points the markets are expecting the official figured later this week to show US economy shrank for the second quarter in a row. Interesting though DOW has closed 1.38% up and S&P 500 also up at 2.59% probably due to the markets factoring in a possible 1.0% increase from the Fed which never materialised.

Even McDonalds for the first time in 14 years have been forced to put the price of their cheeseburgers up. Let’s hope for some more positive news tomorrow, but maybe I should not hold my breath. Time for a cup of coffee and a biscuit whilst I can still afford the latter.

 

[JEREMY HAWKE]

Last time there was a world wide disaster some of us on here did OK so lets try and manipulate the situation in our favor. I would say lets hope but that is just sitting around and doing nothing !

I have mixed feelings about the industrial unrest here at the moment .
The main thought is how can we expect the economy to be strong if so many people are not being paid what they are worth ?

 

[WaveJumper]

Last time there was a world wide disaster some of us on here did OK so lets try and manipulate the situation in our favor. I would say lets hope but that is just sitting around and doing nothing !

I have mixed feelings about the industrial unrest here at the moment .
The main thought is how can we expect the economy to be strong if so many people are not being paid what they are worth ?

Very true those who look at everything with a view to seeing a new opportunity even in a down turn are the ones who will succeed.

On the wage issue you are correct again, companies have significantly kept wage growth down its been going on since the last recession even though many companies have been raking it in something has to give.

Just read this:
"Powell's insistence that each meeting will now be data dependant, and his acknowledgment that recent hikes will negatively impact the economy do provide some hope that we will soon see the Fed slow their intervention".

Its hard to understand how any hiking of interest rates at the moment is helping the average man on the street US or UK it certainly not as we know being caused by the average Joe rushing out and spending all their hard earned money.

Whilst our politicians war among themselves Rome burns

 

[fisicx]

I’ve got chickens and a garden full of veggies and fruits. So I’m ok for egg salads with new potatoes for a few months. Stopped showering to save water and push the car to the shops to save on fuel. And can make the same pair of underpants last a week so don’t need to do so much washing.

 

[Mark T Jones]

Stopped showering to save water and push the car to the shops to save on fuel. And can make the same pair of underpants last a week so don’t need to do so much washing.

Which has the happy side effect of dramatically cutting down on your socialising budget?

 

[Mark T Jones]

None of these things is actually a surprise though. Perhaps piling them into the same day adds impact?

MacDonald's has pulled a blinder on PR - does anyone really actually care about the price of a cheeseburger?

 

[fisicx]

Which has the happy side effect of dramatically cutting down on your socialising budget?

Not really a problem as I don’t like anyone enough to want to be social. I did buy someone a beer one. 1987 as I recall.

 

[IanSuth]

I see the Felixstowe dock workers are going to strike and Liverpool dockers have been balloted as well