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Re: Stock Market Crash! (merged) Pt. 12

Discussions about the economic and financial ramifications of PEAK OIL

Re: Stock Market Crash! (merged) Pt. 12

Unread postby Armageddon » Tue 21 Jan 2020, 23:57:50

JPMORGAN: “Global growth for 4Q19 is still looking soft, .. following a weaker-than-expected US industrial production report for December and softer retail sales for the quarter after revisions, we revised down our forecast for 4Q19 US GDP growth to 1.5% q/q saar (from 2.0%) ..”
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Re: Stock Market Crash! (merged) Pt. 12

Unread postby shortonoil » Wed 22 Jan 2020, 09:00:16

JPMORGAN: “Global growth for 4Q19 is still looking soft, .. following a weaker-than-expected US industrial production report for December and softer retail sales for the quarter after revisions, we revised down our forecast for 4Q19 US GDP growth to 1.5% q/q saar (from 2.0%) ..”


A 1.5% growth rate isn't enough to even pay the interest on the debt now outstanding. We are heading down the proverbial rabbit hole with no way out. The credit markets will begin to fail for a lack of acceptable collateral. The first indications that will occur are now taking place in the repo market. The world's massive debt load has already pledged most of the assets available to be used. In 2020 the world will require an additional $43 trillion in collateral to back its needed new loans. The central banks are attempting to print currency to compensate for wealth that is no longer there. Anything not completely paid for will go into default. A situation of cascading defaults, leading to collapse, is now inevitable. The energy that would be needed to reboot the system after it fails no longer exists. The world is burning 9 barrels of oil for every 1 it finds to replace it. Expect a state of perpetual economic rigor mortis to follow.
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Re: Stock Market Crash! (merged) Pt. 12

Unread postby StarvingLion » Wed 22 Jan 2020, 12:13:40

The "price" of oil is totally collapsing. The Tesla scam is up 7% today. Apparently, all the worthless shitheads in this bankrupt banana republic are all gonna buy model 3's to go to their bullshit "jobs" of money printing and then picking up street hookers who used to be "serious MBA professionals" staring at computer monitors.

In other news, Bankrupt France is shutting her down....

France could shut next two nuclear reactors sooner than expected

https://www.reuters.com/article/us-fran ... SKBN1ZK0RL

https://www.montelnews.com/en/story/edf ... ts/1080556

Montel) French utility EDF is mulling closing up to 14 reactors at seven nuclear power plants, in addition to two at Fessenheim (1.6 GW) due to be axed later this year, according to an updated version of France's energy roadmap.
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Re: Stock Market Crash! (merged) Pt. 12

Unread postby StarvingLion » Wed 22 Jan 2020, 12:18:05

Boeing stock is now getting POLEAXED down 3%. It could break below the $300 barrier even today and then its GAME OVER.

That mean braindead Cog's Military Industrial Complex is unfundable which means you have no ability to secure cheap oil from libya, russia, and the middle east.

Which means YOU ARE DEAD.

See ya in HELL, worthless xxxxers...hahahaha.
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Re: Stock Market Crash! (merged) Pt. 12

Unread postby shortonoil » Wed 22 Jan 2020, 12:58:45

Mainstream Media Admits We're In "An Auto Recession" – And It Just Continues To Get Worse
http://theeconomiccollapseblog.com/arch ... -get-worse

The global auto industry plunged deeper into recession in 2019, with sales dropping more than 4% as carmakers struggled to find buyers in China and India. The pain is likely to continue this year.

The number of vehicles sold across major global markets dipped to 90.3 million last year, according to analysts at LMC Automotive. That’s down from 94.4 million in 2018, and well below the record 95.2 million cars sold in 2017.


Shipment volume in the US by truck, rail, air, and barge plunged 7.9% in December 2019 compared to a year earlier, according to the Cass Freight Index for Shipments. It was the 13th month in a row of year-over-year declines, and the steepest year-over-year decline since November 2009, during the Financial Crisis


Overall, 2019 was the worst year for U.S. industrial production since 2015.


This month, the Baltic Dry Index has been plunging dramatically.  For those that don’t know, the Baltic Dry Index is a key indicator of where global trade is heading, and on Monday it plummeted to a nine-month low…


Both the U.S. economy and the global economy as a whole have been slowing down for quite a while, and it looks like big trouble is ahead of us.


We are nearing the end of the oil age. The world is burning 9 barrels for every 1 it finds! For a civilization that was constructed on oil, runs on oil, and is totally dependent on oil for its continuation those are horrific figures. The world has been extracting from the same resource for 160 years, and always taking the best that could be found. What remains is barely worth even taking out of the ground. It is hardly any wonder that the economy is shutting down, and the debt is skyrocketing.

Every excuse ever invented is being blamed on our demise. From climate change to the over printing of money. Every one has its own group of supoorters that will benefit from telling us what to believe. Not one of them can keep the wheels turning. The world is dying of energy starvation! What arrives next is reality!

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Re: Stock Market Crash! (merged) Pt. 12

Unread postby Armageddon » Wed 22 Jan 2020, 12:59:41

The Gov’t will bailout Boeing. That’s just what they do.
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Re: Stock Market Crash! (merged) Pt. 12

Unread postby StarvingLion » Wed 22 Jan 2020, 13:01:50

Armageddon wrote:The Gov’t will bailout Boeing. That’s just what they do.


You mean the govt that is trying to destroy the Federal Reserve with massive deficits will save Boeing?

OMG, you clowns are completely screwed.
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Re: Stock Market Crash! (merged) Pt. 12

Unread postby Armageddon » Wed 22 Jan 2020, 20:42:20

StarvingLion wrote:
Armageddon wrote:The Gov’t will bailout Boeing. That’s just what they do.


You mean the govt that is trying to destroy the Federal Reserve with massive deficits will save Boeing?

OMG, you clowns are completely screwed.




What choice do they have? Let Boeing go under? Debts, deficits, QE to infinity, ZIRP, NIRP, Repo bailouts, etc. is what they’ll do until systemic failure.
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Re: Stock Market Crash! (merged) Pt. 12

Unread postby Outcast_Searcher » Wed 22 Jan 2020, 20:47:52

Armageddon wrote:
StarvingLion wrote:
Armageddon wrote:The Gov’t will bailout Boeing. That’s just what they do.


You mean the govt that is trying to destroy the Federal Reserve with massive deficits will save Boeing?

OMG, you clowns are completely screwed.




What choice do they have? Let Boeing go under? Debts, deficits, QE to infinity, ZIRP, NIRP, Repo bailouts, etc. is what they’ll do until systemic failure.

Boeing will get hurt for sure. But bankruptcy? The stock certainly isn't telling that tale. Boeing doesn't exactly have all its investment/production in the 737 Max. Too much doomer Kool-aid isn't helping doomers project reality any better than they have for the past several decades.
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. 12

Unread postby asg70 » Thu 23 Jan 2020, 01:28:12

The 737 Max is probably going to have to be completely phased out because its reputation is toast. That will be incredibly expensive to Boeing. But the big picture is Boeing's problems have nothing to do with peak oil and everything to do with just general mismanagement. So its fate really doesn't factor much into the overall peak oil narrative.

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. 12

Unread postby Yoshua » Thu 23 Jan 2020, 03:26:30

Another Fed rate cut is coming according to the Eurodollar futures market.

https://pbs.twimg.com/media/EO6beilX0AA ... name=large
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Re: Stock Market Crash! (merged) Pt. 12

Unread postby rockdoc123 » Thu 23 Jan 2020, 10:18:28

We once again interupt this doom and gloom for news from the real world courtesy MSNBC:

US manufacturing output rises unexpectedly

U.S. manufacturing output rose unexpectedly in December as a drop in motor vehicle output was outpaced by increases in production of other durable goods, food and beverages, and other products.

The Federal Reserve said on Friday that manufacturing production rose 0.2% last month after a downwardly revised 1.0% increase in November. Overall industrial output fell 0.3% in December after a downwardly revised increase of 0.8% in November.

The drop in overall industrial output was driven by a 5.6% decline among utilities, as demand for heating fell during an unseasonably warm December.



US housing starts soar 16.9% in December to a 13-year high

U.S. homebuilding surged to a 13-year high in December as activity increased across the board, suggesting the housing market recovery was back on track amid low mortgage rates, and could help support the longest economic expansion on record.


US weekly jobless claims increase less than expected

The number of Americans filing for unemployment benefits increased less than expected last week, suggesting the labor market continues to tighten even as job growth is slowing.

Initial claims for state unemployment benefits rose 6,000 to a seasonally adjusted 211,000 for the week ended Jan. 18, the Labor Department said on Thursday. Claims had declined for five straight weeks, resulting in the unwinding of the surge seen in early December, which was blamed on a later-than-normal Thanksgiving Day.


We now return you to our regular hand wringing programming brought to you by Wyeth pharmaceuticals, maker of Atavin.
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Re: Stock Market Crash! (merged) Pt. 12

Unread postby StarvingLion » Thu 23 Jan 2020, 12:41:43

At the rate Exxon Mobil XOM is dropping, it will be a penny stock in 3 months. EOG resources about 4 months.

Ford going below $9 again...BMW back in collapse mode.

The Oil Apocalypse is proceeding as I predicted. The moment I created an account here, the price of oil has been in free fall.

Its all over and I predicted it with exact timing.

The bulldozers are awaiting to push you into the pits.
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Re: Stock Market Crash! (merged) Pt. 12

Unread postby Armageddon » Thu 23 Jan 2020, 13:17:47

US Leading Economic Indicators Plunge At Worst Rate Since 2009
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Re: Stock Market Crash! (merged) Pt. 12

Unread postby marmico » Thu 23 Jan 2020, 13:43:39

The Oil Apocalypse is proceeding as I predicted. The moment I created an account here, the price of oil has been in free fall.


Except for the inconvenient truth that the WTI price has been rising for the last 4 years. You must be one of the ETP Bozo crew - $12 WTI in 2020, $2 WTI in 2021.

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Re: Stock Market Crash! (merged) Pt. 12

Unread postby Outcast_Searcher » Thu 23 Jan 2020, 14:05:16

StarvingLion wrote:At the rate Exxon Mobil XOM is dropping, it will be a penny stock in 3 months. EOG resources about 4 months.

Ford going below $9 again...BMW back in collapse mode.

The Oil Apocalypse is proceeding as I predicted. The moment I created an account here, the price of oil has been in free fall.

Its all over and I predicted it with exact timing.

The bulldozers are awaiting to push you into the pits.

Have you ever posted anything remotely credible?

Do you ever take your antipsychotic meds?

Just wondering, because your typical blabber doesn't make either look probable.
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. 12

Unread postby Armageddon » Thu 23 Jan 2020, 19:18:44

US industrial production has fallen from 5.4% growth in September 2018 to minus-1.01% in December. “Production has been negative for the last four months.”
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Re: Stock Market Crash! (merged) Pt. 12

Unread postby Yoshua » Fri 24 Jan 2020, 03:12:53

Starving joined PO in 2013 when WTI was 110 USD. Today WTI is 55 USD.

For some reason this falling line of resistance haven't been violated yet.

https://pbs.twimg.com/media/EO67qeWXsAE ... name=large
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Re: Stock Market Crash! (merged) Pt. 12

Unread postby Cog » Fri 24 Jan 2020, 05:22:11

There is a place between, "Oh my God we are all going to die" and "Its smooth sailing forever".

Unfortunately the doomer contingent on this board can't see that place or don't want to.
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Re: Stock Market Crash! (merged) Pt. 12

Unread postby shortonoil » Fri 24 Jan 2020, 09:50:25

For some reason this falling line of resistance haven't been violated yet.


The reason is central bank printing of mountains of currency that has no wealth associated with it. It is the only way to keep asset prices elevated in an environment of no profits, no returns, and no growth. This will all blow over when the ogres, and hobgoblins on Wall Street realize that the Dark Lord is sawing off the branch of the Tree of Perpetual Riches that they're dancing on. Oil will then fall to its true intrinsic value just like the true intrinsic value of the paper currency that represents it. Something close to zero. Where as, Central Banks will keep on printing, and depletion will just keep on trucking. Believing that Tesla is worth $500 a share is just sharing the same hallucination as crude worth $55 a barrel.
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