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Stock Market Crash! (merged) Pt. 9

Discussions about the economic and financial ramifications of PEAK OIL

Re: Stock Market Crash! (merged) Pt. 9

Unread postby Cog » Mon 12 Aug 2019, 19:41:19

I suppose since Armageddon can find an a angst filled millennia doom story, he makes the logical doomer calculation, that all millennial are just like his not cited example.
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby Armageddon » Mon 12 Aug 2019, 19:58:31

Recession Crisis Indicators Explored

https://m.youtube.com/watch?v=NA4MfGt3Gho


Watch and try to learn what’s happening in the real world
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby Cog » Mon 12 Aug 2019, 20:02:57

Armageddon wrote:Recession Crisis Indicators Explored

https://m.youtube.com/watch?v=NA4MfGt3Gho


Watch and try to learn what’s happening in the real world


My God man. A 36 minute video to tell me the guy making it is full of shit. I understood that five minutes into it. Don't waste your time folks on Armageddon links.
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby Armageddon » Mon 12 Aug 2019, 20:19:53

Cog wrote:
Armageddon wrote:Recession Crisis Indicators Explored

https://m.youtube.com/watch?v=NA4MfGt3Gho


Watch and try to learn what’s happening in the real world


My God man. A 36 minute video to tell me the guy making it is full of shit. I understood that five minutes into it. Don't waste your time folks on Armageddon links.




I forgot that you have a problem with charts and data.
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby asg70 » Tue 13 Aug 2019, 09:59:35

Cog wrote:Don't waste your time folks on Armageddon links.


Assuming he even provides one (which is rare).

HALL OF SHAME:
-Short welched on a bet and should be shunned.
-Frequent-flyers should not cry crocodile-tears over climate-change.
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby asg70 » Tue 13 Aug 2019, 10:06:01

Yoshua wrote:Democracy has turned into the most dangerous political system now.


Image

HALL OF SHAME:
-Short welched on a bet and should be shunned.
-Frequent-flyers should not cry crocodile-tears over climate-change.
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby Outcast_Searcher » Tue 13 Aug 2019, 10:06:35

Armageddon wrote:
rockdoc123 wrote:
Q1-3.1
Q2-2.1
Q3-1.8


We are booming!!!!!


so says the numpty who predicted first that Q1 GDP would be negative, then when that didn't work out Q2 would definitely be negative. So far zero for 2.

The average of growth rate in GDP (oh by the way growth means it is greater than zero...i.e. GDP is increasing) if the Q3 number were correct would make it 2.33 average for 2019 compared to the average GDP growth rate since 2010 (after the recession and first year of recovery) of 2.77. OH MY GOD THAT IS A DISASTER!! QUICK GET YOUR GUNS, DIG YOUR BOMB SHELTERS...THEY SKY IS FALLING THE SKY IS FALLING. :roll:


Says the guy who doesn’t understand debt or GDP

Says the guy who just makes stuff up, cherry picks constantly, uses non-credible cites, claims everything is a crash, and now, apparently makes up his own definitions for economic terms.

Yeah. Like, I'm TOTALLY convinced he's right, since he's constantly wrong. :roll:
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby Outcast_Searcher » Tue 13 Aug 2019, 10:25:02

Armageddon wrote:Recession Crisis Indicators Explored

https://m.youtube.com/watch?v=NA4MfGt3Gho


Watch and try to learn what’s happening in the real world

Of course, NO context, like much of the data is affected by fears of the trade war.

And of course, "doom loop" is no doubt, a non-biased source of opinion. :roll:

Note how this clown, like armageddon, claims that flat numbers YOY are "extremely weak", or collapsing, etc. Give me a break. It's the "we're not at record highs so we're obviously doomed" nonsense that armageddon loves, so no wonder he claims this represents the "real world". :idea:

If you're not a "doom looper", then even IF we have a global recession, life goes on. Recessions happen, as they have for centuries. Except for perhaps doomers, who apparently might start jumping out of windows if things actually get "bad" for awhile.

Meanwhile, in the REAL real world, professional economists are talking about odds for a coming recession being "possible" for 2020. If you're not a doomer, slowing growth is recognized as being growth, not perma-doom. 8)

For example:

https://fortune.com/2019/06/04/next-rec ... edictions/

Notice how the worst possibility imaginable is considered "normal" for these folks. A recession does NOT imply automatic doom, no how matter much fast crash doomers wave their arms.

Oh, Elliot Wave predictions are about 20% accurate, so we DEFINITELY want to worry about THAT doom looper stuff. :lol:
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby shortonoil » Tue 13 Aug 2019, 11:48:25

My God man. A 36 minute video to tell me the guy making it is full of shit. I understood that five minutes into it. Don't waste your time folks on Armageddon links.


Well, they are really spamming you. Got to hid the truth, no matter what. They are pushing on a string. It won't make any difference in a couple of years.

The debt accumulation for any year is incorporated into the GDP. It is a portion of the GDP. Per capita disposable income is GDP - Debt growth/ population. World debt is growing exponentially. Per capita disposable income fell from $10,965 in 2017 to $5,787 in 2018. The break point was 2014; the curve is now headed straight down. The world is on the fast track into the abyss.
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby Armageddon » Tue 13 Aug 2019, 14:46:34

My buddy in Portland Oregon said his friends are noticing a big slow down in their businesses. Said they were booming up until a couple months ago. These are 3 separate business owners. One owns a car lot, another owns a drywall installation company and the other owns a flooring installation company. All 3 make really good money. I fly out there and golf with them every couple years. They aren’t BSers.
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby Armageddon » Tue 13 Aug 2019, 15:20:42

U.S. Mortgage Debt Hits Record - $9.406 trillion, Eclipsing 2008 Peak
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby rockdoc123 » Tue 13 Aug 2019, 15:28:30

Per capita disposable income is GDP - Debt growth/ population. World debt is growing exponentially. Per capita disposable income fell from $10,965 in 2017 to $5,787 in 2018. The break point was 2014; the curve is now headed straight down. The world is on the fast track into the abyss.


its a meaningless number .....what is meaningful is personal disposable income defined as household income minus taxes which reflects the ability of the average household to make purchases and in early 2017 it was at ~$14,500 billion USD and currently it is at ~ $16,400 billion USD. That is definitely not a fast track into the abyss
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby Armageddon » Tue 13 Aug 2019, 15:41:07

Near record low home and auto interest rates and still no growth. Very telling
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby Armageddon » Tue 13 Aug 2019, 15:59:08

Reuters: GM, Ford planning for possible economic downturn: executives


No, really? Have they been reading my posts too?
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby EnergyUnlimited » Tue 13 Aug 2019, 16:13:03

Armageddon wrote:Reuters: GM, Ford planning for possible economic downturn: executives


No, really? Have they been reading my posts too?

September is coming so they are planning.
It seems that in August peoples are more concerned than usual because downturns are frequently arriving in September.

Mind you, trade war with China will not do any good to anyone.
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby asg70 » Tue 13 Aug 2019, 16:22:20

Armageddon wrote:Have they been reading my posts too?


More cringey delusions of grandeur.

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HALL OF SHAME:
-Short welched on a bet and should be shunned.
-Frequent-flyers should not cry crocodile-tears over climate-change.
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby Armageddon » Tue 13 Aug 2019, 16:56:31

NY Fed Q2 Report: "Total Household Debt Climbs for 20th Straight Quarter as Mortgage Debt and Originations Rise"

MBA: "Mortgage Delinquencies Rise in the Second Quarter of 2019
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby Armageddon » Tue 13 Aug 2019, 17:06:31

Automakers are struggling with bloated inventories. Faced with tough choices, they're cutting production and raising incentives to clear the decks. bit.ly/


All this while near record low interest rates
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby Armageddon » Tue 13 Aug 2019, 20:33:31

Ex-Fed boss Greenspan says ‘there is no barrier’ to Treasury yields falling below zero

There is some $15 trillion in government debt that now yields less than zero, and former Federal Reserve Chairman Alan Greenspan believes there’s no reason why U.S. government bond yields couldn’t join much of the developed world in the subzero realm.


https://finance.yahoo.com/m/5a7b01ca-cd ... -says.html

ZIRP, NIRP, QE4 coming fast

Gold and silver to the moon!!
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby Armageddon » Tue 13 Aug 2019, 21:09:42

China Datapocalypse Confirms Deeper Economic Slump - Everything Missed

China Factory Output Weakest In 17 Years, Everything Missed

India's Car Market Just Crashed, Had Its Worst Month In 18 Years

The entire globe is tanking
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