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Thread: Economic News to Start 2018

  1. #11
    Veteran Member bmanmcfly's Avatar
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    Quote Originally Posted by Miller47 View Post
    Yeah, criminals just LOVES them some BitCoin, or LiteCoin, or DogCrapCoin, or any other alternative currency.

    I'll be staying mostly in good ole US dollar bills, for the time being, anyway.
    It's not that simple... bitcoin is actually more easily tracked.

    You're not wrong about criminals using it though.

  2. #12
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    Quote Originally Posted by bmanmcfly View Post
    It's not that simple... bitcoin is actually more easily tracked.

    You're not wrong about criminals using it though.
    I'm able to track my US dollars with no problems.

  3. #13
    Veteran Member bmanmcfly's Avatar
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    Quote Originally Posted by Miller47 View Post
    I'm able to track my US dollars with no problems.
    Lol... in the context though, because every transaction of bitcoin becomes part of the algorithm, it's actually better suited to tracking down fraud for technical reasons I only understand at an overview level.

    I'm not invested in any of the cryptocurrencies, although I have the cue to start buying decided.

    Anyway, I didn't want to turn this to a discussion of bitcoin.

  4. #14
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    Quote Originally Posted by bmanmcfly View Post
    Lol... in the context though, because every transaction of bitcoin becomes part of the algorithm, it's actually better suited to tracking down fraud for technical reasons I only understand at an overview level.

    I'm not invested in any of the cryptocurrencies, although I have the cue to start buying decided.

    Anyway, I didn't want to turn this to a discussion of bitcoin.
    I think BitCoin is interesting, just not something I'm going to invest in at this time.

    In the future...who knows?

  5. #15
    Veteran Member carpe diem's Avatar
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    Quote Originally Posted by Miller47 View Post
    They say lots of things.

    When oil was about $140 bbl a few years back "they" said oil would never go back below $100 bbl.

    Then oil went down to below $30 bbl.

    "They" often do not know what "they" are talking about.

    No one knows...no one EVER knows for sure.

    "They" make their best guess, that's all...
    I recall Obama stating "You'll never see $2.50 a gallon again...six months later, guess what?

  6. #16
    Moderator HayJenn's Avatar
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    Quote Originally Posted by Miller47 View Post
    US factories close out 2017 with a surge as the Manufacturing Index rose last month again.

    Manufacturing has been expanding for the past 16 months due to a sold global economy and the decline in the dollar's value, which makes our exports more competitive abroad.

    New factory orders jumped in December to the highest level since January 2004.

    Also, oil prices continue to climb, approaching $62 bbl for the first time in three years.

    Some new shale drilling is expected if prices hold above $61.

    If prices get to $66 bbl, even more corporate chiefs indicated they would start exploring again.
    Do you actually have a link for this?:

  7. #17
    Southern Strategy Liberal OldGaffer's Avatar
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    Quote Originally Posted by carpe diem View Post
    I recall Obama stating "You'll never see $2.50 a gallon again...six months later, guess what?
    Link?

  8. #18
    Veteran Member TNVolunteer73's Avatar
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    Quote Originally Posted by HadEnough2 View Post
    They say oil will go as high as $80 a barrel. There goes the middle class tax break.

    148,000 jobs created in December was lower than expected. This coming after Trump claimed he's the greatest job President God ever created. Not impressed at all.
    If OPEC raises oil to 80 Dollars a BBL, you best get on your knees and thank GW Bush for having the foresight to being allowing exploration and drilling in the US to the point we are OIL EXPORTERS, and has brought the cost of Domestic oil to only $42/BBL and we can tell the Arabs and south Americans to Go pound sand.

  9. #19
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    Quote Originally Posted by HayJenn View Post
    Do you actually have a link for this?:
    It was a paragraph, actually two separate paragraphs about two separate subjects in my business section.

    Sometimes there are links, sometimes not.

    Probably Bloomberg or the AP as the source.

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