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Ivanhoe Mines Ltd T.IVN

Alternate Symbol(s):  IVPAF

Ivanhoe Mines Ltd. is a Canada-based mining, development, and exploration company. The Company is focused on the mining, development and exploration of minerals and precious metals from its property interests located primarily in Africa. Its projects include The Kamoa-Kakula Copper Complex, The Kipushi Project, The Platreef Project., and The Western Foreland Exploration Project. The Kamoa-Kakula Copper Complex project stratiform copper deposit with adjacent prospective exploration areas within the Central African Copperbelt, approximately 25 kilometers (km) west of the town of Kolwezi and about 270 km west of the provincial capital of Lubumbashi. The Kipushi mine is adjacent to the town of Kipushi in the Democratic Republic of the Congo (DRC) approximately 30 km southwest of the provincial capital of Lubumbashi. The 21 licenses in the Western Foreland cover a combined area of 1,808 square kilometers to the north, south and west of the Kamoa-Kakula Copper Complex.


TSX:IVN - Post by User

Bullboard Posts
Post by bloomfield18on Jan 04, 2019 2:21pm
175 Views
Post# 29187564

US Economy Still Red Hot

US Economy Still Red HotAs most of you probably know, they added another 312,000 jobs in December. Unemployment remains at the lowest level in 50 years. It’s the strongest economic performance since the late 1960’s. And it has defied predictions of imminent recession from mainstream socialist economists. I have no doubt this is due to the huge corporate tax down to 21%, combined with deregulation. Surprise - If you create a positive business environment, you encourage more business. Gardens don’t usually grow in a desert. 

I was was reading a recent column in the NY Times by the famous economist, Paul Krugman, where he “proved” that corporate tax cuts had failed, because tax receipts dropped from  the $290 billion level down to around $160 billion. That’s a loss of approximately $130 billion in taxes that could potentially be used to fund social programs. What he neglected to consider is that the economy has been growing at 3 to 4%, instead of 1 to 2% under Obama. That means every for every 1% growth in GDP:

US GDP / 100 = $20.66 trillion / 100 = $206.6 billion

A 2% increase in economic growth translates to $413.2 billion

That’s extra money in consumers pockets. This is the equivalent of 8.24 million jobs at $50,000 a year. They no longer need free handouts from the government, because they earn a decent living from work. Which means you can start slashing government spending. The government doesn’t need to raise taxes. They need to cut spending and maintain forward momentum.


Bullboard Posts