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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 StarvingLion » Tue 17 Sep 2019, 12:17:07

LOOK AT THE FAKE PRICE OF OIL COLLAPSE

because the ******REAL******* ECONOMY is nuthing but....

Idiots clicking on Gizmos

Cultural Marxist rockdoc, tell us about your EV battery design that doesn't use lithium and cobalt.

You don't have one, do you?

Just another fanboy clicking on gizmos.

The REAL Price of Oil never stopped going up.
The REAL Price of a Hamburger must be at least $50 US.

Look at the British Pound totally collapsing.

You're all a bunch of pathetic EV dreamers.
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby Armageddon » Tue 17 Sep 2019, 12:37:38

Consumer debt was up more than $23 billion in July, according to the latest Fed data.

Consumer debt is holding this thing together.
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby StarvingLion » Tue 17 Sep 2019, 13:47:53

Cog, Chesapeake Energy Corporation is down 13% today. CNX resources down 3%. EOG down 6%.

Aubrey McClendon was right.

CHK was $63 in july 2008. Now its $1.77.

Cog, if Shale "oil" is real, why is everything much worse than in 2008?

Answer: Shale "oil" is not a proper crude oil.

Thats why it was never drilled no matter what the price.

There is no new *usable* oil of any significant amount, apparently.
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby shortonoil » Tue 17 Sep 2019, 15:08:11

Consumer debt was up more than $23 billion in July, according to the latest Fed data.

Consumer debt is holding this thing together.


US consumer debt is paying for one half of the interest on the Total World debt. They are going to miss us when we are gone.
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby Armageddon » Tue 17 Sep 2019, 20:15:56

1/4 or 1/2 pt cut tomorrow? What’s your guess?

I’m saying 1/2
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby GHung » Tue 17 Sep 2019, 23:12:25

A crack just emerged in the financial markets: The NY Fed spends $53 billion to rescue the overnight lending market

New York (CNN Business)Borrowing rates skyrocketed on Tuesday in a corner of the markets the public rarely notices but that is critical to the functioning of the global financial system.

The spike in overnight borrowing rates forced the New York Federal Reserve to come to the rescue with a special operation aimed at easing stress in financial markets.

It was the NY Fed's first such rescue operation in a decade, the last occurring in late 2008.
"It's unprecedented, at least in the post-crisis era," said Mark Cabana, rates strategist at Bank of America Merrill Lynch.

On Tuesday morning, the NY Fed launched what's called an "overnight repo operation," during which the central bank attempts to ease pressure in markets by purchasing Treasuries and other securities. The goal is to pump money into the system to keep borrowing costs from creeping above the Fed's target range.

The first attempt by the NY Fed was canceled because of "technical difficulties." Minutes later, the NY Fed successfully injected $53 billion into the system.
The episode demonstrates evidence of emerging strains in financial markets and raises concern that the Federal Reserve could be losing its grip on short-term rates. ......more: https://www.cnn.com/2019/09/17/business ... index.html
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby Yoshua » Wed 18 Sep 2019, 01:45:13

The Fed has lost control of the Repo rate? There's liquidity crisis? The Fed will have drop the rates to zero and restart QE?

https://www.zerohedge.com/markets/did-f ... fuses-drop
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby shortonoil » Wed 18 Sep 2019, 07:33:16

The Fed has lost control of the Repo rate? There's liquidity crisis? The Fed will have drop the rates to zero and restart QE?


The only thing keeping the US afloat is the massive capital inflows it is attracting. That is happening because the US sovereign bond is the last G7 sovereign bond still paying a positive return. If the FED has to cut rates to zero it will lose that income stream, and the economy will go into the trash heap pretty fast. If the FED does stop cutting rates the cost of servicing the debt will overwhelm the economy. We are between a rock and hard place.

World auto production is projected to be down 2 to 3% this coming year. If that is all it is we will be very, very lucky. At that rate the world will be melting into the end of the oil age. How long we can keep up this slow burnout is the only question.
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby shortonoil » Wed 18 Sep 2019, 07:54:54

Fed Begins Repo Operation With Funding Rates Ominously Elevated Across The Board

Yesterday's Fed repo operation - the first direct liquidity injection in a decade - was an unmitigated disaster, with the NY Fed forced to cancel it in the middle due to "technical difficulties" which nobody still know what they were, only to resume it moments later. All we can say is that today the Fed better not fuck this up again, especially with New York Fed President John Williams, senior vice president of market operations Lorie Logan and first vice president Michael Strine all expected to be in Washington for the Fed's two-day central bank meeting.

https://www.zerohedge.com/health/fed-be ... ross-board

Debt creation destroys liquidity, and the world is accumulating debt at a horrendous rate. Q.E.D. The slow burn is scheduled to continue until it is no longer slow.

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

Unread postby Yoshua » Wed 18 Sep 2019, 08:09:55

“European car registrations dropped 8.6% in August as volume brands Nissan, Renault, Fiat and Volkswagen posted double-digit sales declines, according to industry data published on Wednesday… Registrations fell to 1.07 million cars last month from 1.17 million a year earlier across the European Union and EFTA countries, the Brussels-based association said in a statement.”
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby marmico » Wed 18 Sep 2019, 09:03:53

U.S. NEW RESIDENTIAL CONSTRUCTION STARTS & PERMITS BOOM

https://www.census.gov/construction/nrc ... sconst.pdf
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby shortonoil » Wed 18 Sep 2019, 11:06:33

“European car registrations dropped 8.6% in August as volume brands Nissan, Renault, Fiat and Volkswagen posted double-digit sales declines, according to industry data published on Wednesday… Registrations fell to 1.07 million cars last month from 1.17 million a year earlier across the European Union and EFTA countries, the Brussels-based association said in a statement.”


Those are some pretty ugly numbers! We know that China's auto industry has been collapsing all year. If the US follows suit we will be well on our way to the Last, Next Great Depression. It is now all pivoting on the FED, and if they screw it up the world is toast.
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby rockdoc123 » Wed 18 Sep 2019, 11:15:08

“European car registrations dropped 8.6% in August as volume brands Nissan, Renault, Fiat and Volkswagen posted double-digit sales declines, according to industry data published on Wednesday… Registrations fell to 1.07 million cars last month from 1.17 million a year earlier across the European Union and EFTA countries, the Brussels-based association said in a statement.”


and yet in the US total car sales remain as strong as they have historically been

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

Unread postby StarvingLion » Wed 18 Sep 2019, 11:37:47

Chesapeake CHK down 11%: Bankrupt
CNX Resources down 5%: Bankrupt

Remember what The Rockspam said: Bankrupt makes you stronger! LOL.

Fake Money means ForSaleIca (formerly America) is bankrupt. Means more explosions to come in KSA too.

Love these scams called Lockheed and Raytheon: Can't secure 1 drop of oil but the stocks are soaring.

Cog, what is the trillion $ "Military" doing these days besides nothing? Imagine, $15K Drones bankrupting a trillion dollar "military". Hilarious.
Last edited by StarvingLion on Wed 18 Sep 2019, 12:45:19, edited 6 times in total.
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby StarvingLion » Wed 18 Sep 2019, 11:47:42

rockdoc123 wrote:
“European car registrations dropped 8.6% in August as volume brands Nissan, Renault, Fiat and Volkswagen posted double-digit sales declines, according to industry data published on Wednesday… Registrations fell to 1.07 million cars last month from 1.17 million a year earlier across the European Union and EFTA countries, the Brussels-based association said in a statement.”


and yet in the US total car sales remain as strong as they have historically been

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Subprime. Fake Money. Fraud.

Its like rockbroke....hes a fraud too. Talks about batteries he not know what he do.
Last edited by StarvingLion on Wed 18 Sep 2019, 12:43:07, edited 2 times in total.
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby StarvingLion » Wed 18 Sep 2019, 11:52:55

It is now all pivoting on the FED


Space Aliens have just given The "Federal" "Reserve" the award:

Most Fucked Up Planet in the Universe

Space Aliens: "Unprecedented, never seen anything like it. Since 1913, only 100 years later, the entire planet is screwed. We can't allow the Earthlings into the InterGalactic Trade System when all they have to offer is Ponzi Debt Schemes and Fraudulent Physics."
Last edited by StarvingLion on Wed 18 Sep 2019, 12:26:43, edited 2 times in total.
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby Yoshua » Wed 18 Sep 2019, 11:54:14

This article says that the Repo is the lender of last resort for global banks. To use the Repo the banks need collateral. The Repo froze because the collateral is turning toxic?

I can't say I understand everything in this article.

https://www.alhambrapartners.com/2019/0 ... eally-are/
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby StarvingLion » Wed 18 Sep 2019, 11:59:18

Yoshua wrote:This article says that the Repo is the lender of last resort for global banks. To use the Repo the banks need collateral. The Repo froze because the collateral is turning toxic?

I can't say I understand everything in this article.

https://www.alhambrapartners.com/2019/0 ... eally-are/


because the collateral is turning toxic?


But But But..."Experts" keep telling us EROEI is nonsense...that the worthless shit of windmills, shale gas, solar is funding drilling operations. Wahat a laugh.

None of these worthless sacks of shits in the banks understand a thing about Thermodynamics. There is no collateral because:

There is no new *usable* oil of any significant amount, apparently.
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby StarvingLion » Wed 18 Sep 2019, 12:34:53

Nordstrom Inc. is an American chain of luxury department stores, ...blah blah

Bankrupt: Stock JWN has gone from $67 to $26 in 9 months.

Its like the hottie clerk at the local "upscale" drug store. I told her:

"Baby, all these fancy displays is just a total waste. Throw all that cosmetic junk into a tub besides the till and mark it down 50%. Then go take off your silly uniform and start working the street"
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Re: Stock Market Crash! (merged) Pt. 9

Unread postby StarvingLion » Wed 18 Sep 2019, 12:55:34

Suncor Energy Stock has been collapsing the past 6 months.

No wonder. Its completely dependent on the state of Northern Ghawar which is failing badly.

The CEO of Suncor Energy Inc. says his company isn’t counting on higher cash flow despite analyst expectations of a “risk premium” on crude oil prices in the wake of last weekend’s attacks on Saudi Arabian oil facilities

The "Price" of Oil is going to totally collapse. In reality, its either $0 or Infinity. North Ghawar cannot even fund KSA Welfare.

There is going to be a TOTAL MASS PANIC very very soon when The IDIOCRACY finally figures out that worthless shit like Tar Sands Goop cannot be funded by:

Fake Money
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