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Recession incoming!
#21
(10-11-2018, 02:11 AM)apoppin Wrote: Trump says it is a correction, and I agree with him to an extent.  This isn't the beginning of the end yet.  But it is a small foretaste of what is going to happen next year.

America's economy is stronger than it was in 2009.  But give it a little more time under Trump's insane policies and it will be far worse than in 2009.

And you forgot to mention that oil and gas prices are higher than they have been in years.
Here in Canada we are on extremely shaky ground. The government has been trying desperately to infuse and kick start our economy. It's all backed by massive government debt, similar to what is happening in the USA. We also have a horrible housing bubble in Toronto and Vancouver. It's scary. You should see the house prices. Even a small increase in the interest rates is going to cause people to default on their mortgages. They are in over their heads.
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#22
(10-11-2018, 02:14 AM)SickBeast Wrote: Here in Canada we are on extremely shaky ground.  The government has been trying desperately to infuse and kick start our economy.  It's all backed by massive government debt, similar to what is happening in the USA.  We also have a horrible housing bubble in Toronto and Vancouver.  It's scary.  You should see the house prices.  Even a small increase in the interest rates is going to cause people to default on their mortgages.  They are in over their heads.

The difference between now and back in 2009 is that people are still working. It's going to take awhile to push the unemployment rate back up to 8 or 9%. Right now a two person household can get another part time job pretty easily to keep paying the mortgage. In another year, your disaster scenario becomes much more likely.

Of course, we see Ford laying off workers now because of Trump's stupid policies. But they canceled all of their hybrid and alternative fuel cars, so people will buy SUVs and pickups - then when gas prices double, things will start to collapse.

Trump supporters now are going to hate him .. but it will be too late then. Trump and his rich cronies will be buying up all of their properties for cheap and continue to enrich themselves as our middle class finally disappears and small business collapses.

By my calculations, we have about a year of 'normalcy' unless the dimwit-in-chief is tossed out of office. I hope for a Democratic win in both houses. That's our only hope to really investigate and then impeach him. President Pence wouldn't be such an ass and he would have to restore some normalcy.
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#23
This is interesting from Tom's about the Tariffs and what MSI is saying about it:

https://www.tomshardware.com/news/msi-ge...37913.html

Quote:Liao Wei, Deputy General Manager of MSI Global Multimedia Business Unit, noted he believes that the prices for the GeForce RTX 20-series should remain stable and free of hikes since the main components are not produced in China. Nvidia's Turing GPUs are manufactured by TSMC, which is located in Taiwan, while their memory chips come from Samsung and Hynix fabs, which are stationed in South Korea and the U.S., respectively. Liao also stated that AMD's processors are produced in the Middle East, so are also in a safe zone for now. ...
...
Liao confirmed that RTX 2080 Ti shipments are indeed very tight at the moment. Due to the insanely huge size of the Turing die, TSMC is currently facing low production yields. The RTX 2080 Ti's die measures 754mm², which is 60 percent larger than the 471mm² die employed in the previous Geforce GTX 1080 Ti. Therefore, Nvidia is focusing on the RTX 2080 instead and doesn't supply many RTX 2080 Ti chips to its AIC (add-in-card) partners, according to the report.

Also, it doesn't help that the RTX 20-series graphics cards are more complicated to produce. To put things into perspective, a GTX 1080 Ti is comprised of 1,600 components. On the other hand, the RTX 2080 Ti is made up of 2,600 components, the RTX 2080 has 2,400 components, while the RTX 2070 uses 2,200 components.

Lastly, when asked about the RTX 2070, MSI said that production has commenced, and the company expects to launch its RTX 2070 graphics cards on October 17.




And in related news, the Dow is way down again today .. way down ...

Quote:Market Summary > Dow Jones Industrial Average
INDEXDJX: .DJI
25,052.43 −546.31 (2.13%)
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#24
Thanks for that apoppin. Good news hopefully about the tariffs. Trump will be meeting the Chinese leader at the upcoming G20 summit also.
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