RE:RE:RE:Nat Gas in Europe up 1100% in a year....energy poverty nowmetalhead666 wrote: The FED is committed to crushing demand. That's the ONLY way commodity prices can come down...demand destruction. Demand destruction means lower spending in fat a$$ america which means lower earnings across the board with a market still at 19 times forward earnings....
If the FED doesn't hammer demand then inflation will continue to hammer consumers resulting in exactly the same outcome as outlined above.
AND...there are a quadrillion in derivatives out there as well as cracking credit markets as some currencies crumble and the dollar soars. Lehman Bros collapsed when the funding markets seized up and that sparked the great financial crisis. Do you know all the counter parties at risk now? Do you know the gearing banks have to ones that could go kaput tomorrow?
AND...do you know the fallout from all of the above PLUS the fallout from any number of nations that will immediately face food scarcity?
It is nothing but blind faith to "belive" that everything will be just fine when there's an actual real risk of a nuclear war, global famine, failing institutions, run away inflation, a rising rate environment, record global debt and Covid lurking just around the corner.
There is NO margin for safety anymore. Every tailwind is now a headwind. To blindly press on like nothing matters and will all magically fix itself is whistling past the graveyard.
Oh Meatsack, you think you know everything and fancy yourself intelligent. Problem is, you talk sheet about pretty much everything that doesn't matter to investing in....Taseko, the board we're on azz hat. Let's just talk brass tacks Meatsack, you're out of and we're in Taseko share ownership. Let's see who does well going forward. By the way, you just missed a quick 30 cent up and, for the record, our dollar cost average for all shares owned is 75 cents US. Not nearly as well as our childhood friend DC that brought us in as investors but certainly good enough.