Message from @pratel
Discord ID: 496263133036281866
Your politicians are the ones who say whether people get to use the utility poles or not.
The folks at Comcast are subject to pressure, if they become much worse than an upstart alternative could quickly become.
This is why even when they are your sole wireline fixed internet provider in an area, you get the benefits of at least the threat of competition. (though geography sometimes means that if Comcast is available where you are, they are operating at a loss)
My grandmother has a modest vacation property on a lake, and the building is a duplex.
One half is fully in the county to the north, the other half is split down the middle by the county line. That side of the duplex can sorta technically get Comcast, our side can only get satellite.
Even the _satellite_ provider needs permission from the county, it's ridiculous.
Internet Brought to you by the folks who gave you the 2.2 Billion Transit Center that is falling apart a month after it opened.
GREAT PLAN
If anyone can find a reference to the actual deal or a good analysis calling out key passages, it might be worth doing.
https://www.reuters.com/article/us-trade-nafta/nafta-talks-run-up-against-deadline-u-s-tariffs-remain-tough-issue-idUSKCN1MA0UJ
Futures smell the success up on the Sunday nite trade.
I'm slightly curious if Trudeau snuck any of his "feminist economics" nonsense in the deal. And I'm confused what Canada got out of the deal. There must have been *something* but it's not clear to me what it is.
They get the lifting of any US tariffs ... I think they had to give up some farm tariffs. It has been brutal down on the farm. I know, part owner of a farm via inheritance and the pain is here. So this should help the agri-business.
I should say "some" not "any"
But the bigger issue is still china for farmers. Soybeans at multi-year lows ... 8.44 a bushel.
In 2012 the high was 17.50 ... ouch. Depressed farm land values and no farmer is investing in equipment, etc ...
Farmers are getting prices they got back in 2006 - 12 years ago, but prices they pay have gone up 30 to 40%. Ouch!
But farming is only 5.5% of total US GDP, so not many care ...
As debt monetization starts with a vengeance soon, inflation is coming. Commodity bull market may start, though always dubious to call a bottom. Perhaps a good investment, considering everything else is so over priced.
Coffee, grains, sugar are all at multi-year lows. Interest rates rising. If this finally reverses people will cry to high heaven when they have to start paying a true price. People know something is about to happen, making Tim's culture war, go bananas.
The Fed!
...
US now pays more in interest payments than military ...
The US pays a \*\*\*\*ton in interest. I remember hearing that it took all taxpayers east of the Mississippi to pay the interest on the debt. And that was around 2004. We crossed the 100% Debt to GDP ratio just about as Obama was leaving (I forget the exact date, it was very early into Trump's term)
There's a reckoning coming. I can agree there.
Brent cude just crossed $83 a barrel. Just the start of an inflation spiral. Get ready pay. Everything goes up in price.
We're not as bad as Japan (>250% Debt to GDP) but things are going to get nasty.
Yes, I believe Japan will be ground zero for the next crisis.
I actually think it'll be China. But there may not be much difference.
That an Italy.
It's all going to explode.
And then there could very well be war.
True, China crashes as well. And as you say may have wider effects.
China and Japan are both strong enough GDP-wise to take down the whole world economy.
individually.
Italy could be a spark, but if it stays in Italy, it would be relatively confined.
Canaries in the coal mines everywhere: https://www.zerohedge.com/news/2018-09-30/chinas-bond-market-cracks-2018-will-be-record-year-onshore-bond-defaults
The problem with China is that they might already be collapsing and no one would know.
Because the party constrains information so hevavily.
LOL, yes ... who can believe what they say.
They can't control the economy like they think they can.