glatt wrote:

  Even gold is taking a beating. I don't understand that one.  

Scammers are playing the most naive (extremists) with disinformation.

Bay Buchanan (sister of Pat Buchanan and right wing Secretary of the Treasury in the early 1980s) is now part of a promotion for a $2 silver coin.  As if it was legal tender.  They are not marketing to moderates.  Only extremists would be so dumb as to think the Cook Islands are part of the US.

Cook Islands were a British protectorate.  Now an independent nation in association with New Zealand.

Those coins are marketed to easily conned consumers who then 'feel' it is US legal tender.  Buy a clump of silver (quarter troy ounce) worth $7, marked as if worth $2, for $20.  Targeting people duped as if precious metals always create a profit.  Yes, profitable only for a con artist broker who promotes such myths.

Is probably especially profitable now among the many who are in fear.  Justified fear.  But fear never justifies actions.
 

Last edited by tw (4/08/2025 4:59 pm)

Always invest only in the future. Then wait a few hundred years.

Anything that would affect the economy only appears many years later.  Tax cuts often create recessions five and seven years later.  Brexit (and resulting tariffs that only the dumbest advocate) are doing what they always do.  From The Economist:

  Every few months a new study appears saying that Brexit's costs have been large.   ...  The real problem with Brexit is the way that it lingers like a toxin in the economy's bloodstream, binding itself to long-standing weakness, from high energy costs to weak investment.  That has helped keep Britain stuck on a low-growth path. ...

US-based National Bureau of Economic Research published a paper finding that leaving the EU has already reduced British GDP per person by 6-8%.  That is well above predictions made during the 2016 referendum campaign ...

Between 2011 and 2016 it briefly broke out of the rut, with business investment growing by 6% annually.  the Brexit vote ended that revival; investment flattened for the next six years. ...

The second are is manufacturing.  Britain's share of global manufacturing exports fell by more that half between 2000 and 2022.  ... it is no surprise that goods exports have fallen to nearly 15% below pre-pandemic levels. ... A study published in June estimated that services exports are 4-5% lower due to Brexit. ...

Fears that London would lose its status as a global financial centre have gone unrealized.  London remains the world's second-largest such centre, after New York. ...

Some Labour MPs are flirting with the idea of rejoining the customs union.  Frontier Economics, an consultancy, estimates this could increase Britain's GDP by over 2% in the long run; other forecasters are much more conservative.