Australian (ASX) Stock Market Forum

Inflation

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divs4ever said:
Have you ever met a leftist?
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Many.

I've also met people from the Right.

On the question of energy one side told me they were stupid and I've no reason to doubt that this is the case. The other side didn't need to tell me since it was painfully obvious.

I'll leave everyone to work out which is which.

When it comes to investing, always be extremely cautious when politics is involved. Always. :2twocents
 
Smurf1976 said:
Many.

I've also met people from the Right.

On the question of energy one side told me they were stupid and I've no reason to doubt that this is the case. The other side didn't need to tell me since it was painfully obvious.

I'll leave everyone to work out which is which.

When it comes to investing, always be extremely cautious when politics is involved. Always. :2twocents
Click to expand...
on reason i avoided uranium stocks in general and LYC in particular , now that may come back to bite ( especially in the case of LYC , but i made the decision for better or worse )

coal on the other hand i jumped into carefully selected but pariah stocks ( back then ) , in coal miners .. so far so good ( but i am not likely to be around in 40 years time , so it might be a case of a good time , not a long time )
 
The question I think he was asking was, how bad do things have to get before a lot of people admit something they believe to be impossible, i.e that they are wrong?

As I said, if you've ever met a leftist, they will deny it to the nail. Literally.
 
Interesting discussion. It takes a particular type of person to admit that they're wrong and unfortunately, politics tends to attract idealogues (from both sides).
Investing forums do have a selection bias in that visitors are probably right-leaning.
 
over9k said:
The question I think he was asking was, how bad do things have to get before a lot of people admit something they believe to be impossible, i.e that they are wrong?

As I said, if you've ever met a leftist, they will deny it to the nail. Literally.
Click to expand...
Realistically we are talking about "woke" ignorant leftists. Although it all seems a bit like religious fever and hive minded.
One big problem is they seem to influence government pretty easily.

You look how far the recent covid panic went and its easy to see how carried away they can get.

Plenty of dumb righties but they tend to stick to "freedom" and "less government control". Which isn't really a bad thing.

Getting inflation under control has already produced some idiotic bleating. So it's a worrying time. Not sure if people genuinely understand how bad inflation can be.
 
moXJO said:
Realistically we are talking about "woke" ignorant leftists. Although it all seems a bit like religious fever and hive minded.
One big problem is they seem to influence government pretty easily.

You look how far the recent covid panic went and its easy to see how carried away they can get.

Plenty of dumb righties but they tend to stick to "freedom" and "less government control". Which isn't really a bad thing.

Getting inflation under control has already produced some idiotic bleating. So it's a worrying time. Not sure if people genuinely understand how bad inflation can be.
Click to expand...
Even if they do, they will never understand or even if they do understand, admit why.
 
over9k said:
Things are going to get much worse before they get better, USA the best of a bad bunch (but not "good").
Click to expand...
US midterms will be telling. If Republicans gain control of house or senate, then it's short the f out of everything.

Anyone looking at any interesting UK stocks with the price of gbp dropping?
 
Another thing is that I don't see much at a discount plainly for the fact everything overran past sensible price targets.

Yeah stuff is down. But imo it was simply "splash cash" prices that won't see highs again without some more stimulus. Stimulus ain't happening during inflation either.
 
And the long end keeps moving. 10 year up another 20 points just on the day. China STILL under overwhelming lockdown. Volume low across the board which tells us everyone are just holding their breath.
 
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