Daily Economy Thread

[Miker 5,683]

People with mental issues will not live in conventional places. They have to be out in the open where they can better deal with their internal demons. As sad as it is my heart feels for these individuals and it is not possible to direct and put them in a more conventional setting. If you did they would return to where they came from.  

[Luc 4,776]

interesting, so you're saying that those with certain conditions move there or are directed to places like camps as a form of therapy?  I wonder if the U.S. has similar outdoor locations places for that purpose.

I was talking about the people who want to live under a bridge or on a bank. Those that don't want treatment but see it as a form of self-treatment.

 

[Woolfsmck 2,763]

I was talking about the people who want to live under a bridge or on a bank. Those that don't want treatment but see it as a form of self-treatment.

 

Being mental generally means the patient doesn't understand the need for treatment.  I think living like normal people is somewhat out of their realm of understanding

[Shadow 6,697]

I was talking about the people who want to live under a bridge or on a bank. Those that don't want treatment but see it as a form of self-treatment.

 

right, many folks in that lifestyle seem to have some form of pride to not want help and seem purposeful in it, or at least to not want to be bothered.

[Economy 52,861]

I don't think that homeless camps are designated therapy for mental patients... They are sent there because the medical community can't afford, or has no place to house them.  Also, they may have untreatable conditions and no family, or a family who is unable or unwilling to pay for them.

Denmark isnt a Country where u pay for that

 

Even in my Country u dont pay for that and our "free healthcare" is not as free as Northern Europes cause theres a lot of things u either gotta have insurance or pay out of your own pocket here in Canada

 

Most Medications arent free, some specialists arent free (some are), dental is 100% privatized

 

Canada is hardly the best example of "free healthcare". Denmark probably has more coverage than Canada. Ours is actually only 70% Government funded (less than 3/4)

[Economy 52,861]

I was talking about the people who want to live under a bridge or on a bank. Those that don't want treatment but see it as a form of self-treatment.

 

im not sure a really ill person would know whats best for them...

 

even normal healthy ppl do not know better than doctors whats best for them

[Economy 52,861]

Oil prices tumble again to below $47/barrel

 

http://www.wsj.com/articles/nymex-september-oil-futures-hit-4-month-low-at-46-81-bbl-1438567753

[Woolfsmck 2,763]

Oil prices tumble again to below $47/barrel

 

http://www.wsj.com/articles/nymex-september-oil-futures-hit-4-month-low-at-46-81-bbl-1438567753

We need to invent a new word ... Good + Bad = ?

Goob

Bood

Baod

Goab

To describe the oil topic

[Woolfsmck 2,763]

Greek stock market bloodbath as exchange reopens

 

https://finance.yahoo.com/news/greek-stock-market-bloodbath-exchange-112237193.html

 

"There's a sense of panic," said Evangelos Sioutis, financial a--lyst and head of equities at Guardian Trust. He noted some traders are selling stock merely to raise cash because there is so little liquidity in the Greek economy."

"Markets in the rest of the world, however, were largely unaffected, a sign that investors outside Greece have now largely cut off ties with the country after years of crisis there. European shares closed higher."

This is the worst part of the problem imo because manufacturing is solid profit and export revenue....

 

"Manufacturing output collapsed in July as the debt crisis came to a head," Markit economist Phil Smith said.

"Factories faced a record drop in new orders and were often unable to acquire the inputs they needed, particularly from abroad, as bank closures and capital restrictions badly hampered normal business activity."

 

 

[Economy 52,861]

Greek stock market bloodbath as exchange reopens

 

https://finance.yahoo.com/news/greek-stock-market-bloodbath-exchange-112237193.html

 

"There's a sense of panic," said Evangelos Sioutis, financial a--lyst and head of equities at Guardian Trust. He noted some traders are selling stock merely to raise cash because there is so little liquidity in the Greek economy."

"Markets in the rest of the world, however, were largely unaffected, a sign that investors outside Greece have now largely cut off ties with the country after years of crisis there. European shares closed higher."

This is the worst part of the problem imo because manufacturing is solid profit and export revenue....

 

"Manufacturing output collapsed in July as the debt crisis came to a head," Markit economist Phil Smith said.

"Factories faced a record drop in new orders and were often unable to acquire the inputs they needed, particularly from abroad, as bank closures and capital restrictions badly hampered normal business activity."

 

 

not surprised theyd unlock the little liquidity they got

 

that being said Greece is too small to have major impact on stock markets from selling alone... They would have more of an impact if they started defaulting all the time or the economy started contracting very quickly causing exports from Countries around Greece to collapse

 

EDIT: btw much of southern Europe reported solid gains in manufacturing last month including Portugal, Spain and especially Italy suggesting the recent deterioration in Greece is not spreading around the area as much as innitially feared!

[Woolfsmck 2,763]

not surprised theyd unlock the little liquidity they got

 

that being said Greece is too small to have major impact on stock markets from selling alone... They would have more of an impact if they started defaulting all the time or the economy started contracting very quickly causing exports from Countries around Greece to collapse

 

EDIT: btw much of southern Europe reported solid gains in manufacturing last month including Portugal, Spain and especially Italy suggesting the recent deterioration in Greece is not spreading around the area as much as innitially feared!

I think the lower energy costs is impacting those economies , the stimulus, as it where, is giving cash strapped businesses more money and they are reinvesting in themselves.

[Economy 52,861]

I think the lower energy costs is impacting those economies , the stimulus, as it where, is giving cash strapped businesses more money and they are reinvesting in themselves.

i dunno about that argument...

 

The reason gasoline is so expensive in Europe is because taxes are crazy high, most of it is taxes... So a fall on gas itself will only lower costs a little. In Portugal Gasoline costs like 60% more than in Canada when u do conversion. Additionally dont forget the Euro has fallen against the US Dollar so Crude hasnt fallen as much in Euros as it has in the US

 

transportation costs havent fallen that much in Europe. It has to a small degree, but i doubt thats the reason for recent improvement

[Woolfsmck 2,763]

i dunno about that argument...

 

The reason gasoline is so expensive in Europe is because taxes are crazy high, most of it is taxes... So a fall on gas itself will only lower costs a little. In Portugal Gasoline costs like 60% more than in Canada when u do conversion. Additionally dont forget the Euro has fallen against the US Dollar so Crude hasnt fallen as much in Euros as it has in the US

 

transportation costs havent fallen that much in Europe. It has to a small degree, but i doubt thats the reason for recent improvement

Okay, most trends have multiple causes.  Since those economies where stagnant for some time, any small change in costs , like fuel, will have an impact.

[Luc 4,776]

Maybe I should just invest €100 in Greek banks and see it either become worth 100 times more or see it lost  

It's pretty terrible though..

 

Maybe a nice discussion: what's the point of allowing stores to open on Sunday? I've been thinking yesterday that it actually lowers productivity... right now I'm in South Korea and most people work 40-50 hours a week, but productivity is extremely low. For example shops and restaurants are open everyday from 7 AM to 10 PM.

 

[Economy 52,861]

Maybe I should just invest €100 in Greek banks and see it either become worth 100 times more or see it lost  

It's pretty terrible though..

 

Maybe a nice discussion: what's the point of allowing stores to open on Sunday? I've been thinking yesterday that it actually lowers productivity... right now I'm in South Korea and most people work 40-50 hours a week, but productivity is extremely low. For example shops and restaurants are open everyday from 7 AM to 10 PM.

 

thats a good risk to reward ratio lol...

 

if they fail, you loose 100%, but if they stabalize u could gain like 500%