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Stock Market Crash! (merged) Pt. 7

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Stock Market Crash! (merged) Pt. 7

Unread postby Cog » Sun 26 May 2019, 08:42:33

Again shorty predicts doom with nothing to show its happening. My shocked face.

The Fed has not signaled anything about rate cuts. I still expect a rate hike during the summer, as the real economy is doing fine.
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby Armageddon » Sun 26 May 2019, 14:49:47

Pence, “the economy is roaring...but the FED should cut interest rates 100 basis points and more QE”


You can’t make this stuff up. Trump has said the same thing. They know the economy is tanking.
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby Cog » Sun 26 May 2019, 15:13:44

No it means that Trump and Pence wants 3 to 4% growth rates to happen. The Fed operates under a completely different mandate and always has.
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby Armageddon » Sun 26 May 2019, 15:57:38

Cog wrote:No it means that Trump and Pence wants 3 to 4% growth rates to happen. The Fed operates under a completely different mandate and always has.



JP Morgan has downgraded their Q2 GDP forecast to 1%. Negative GDP for Q3 and 4 isn’t far fetched.
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby Armageddon » Sun 26 May 2019, 16:02:19

China injected nearly one trillion of liquidity into their system in a 2 month span in Q1 and it had little effect. This is what the entire world has become.
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby asg70 » Sun 26 May 2019, 16:09:25

shortonoil wrote:It's the ECONOMY STUPID!


You lost a bet and won't pay up...STUPID.

You are still predicting oil prices will decline to 0...STUPID.

Your expertise therefore ain't worth jack...STUPID.
ATTN: SHORT LOST A BET AND HE WON'T EVEN ADMIT HE MADE ONE. HIS POSTS HAVE NO CREDIBILITY AND HE SHOULD NOT BE WELCOME HERE
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby Armageddon » Sun 26 May 2019, 16:22:43

asg70 wrote:
shortonoil wrote:It's the ECONOMY STUPID!


You lost a bet and won't pay up...STUPID.

You are still predicting oil prices will decline to 0...STUPID.

Your expertise therefore ain't worth jack...STUPID.




That’s off topic. Hypocrite.
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby Armageddon » Sun 26 May 2019, 17:15:15

FINAL TALLY: U.S. light-vehicle sales in April: -2.3% to 1,323,631

April SAAR fall to 16.4 million, the lowest since February of 2014.


Not good considering this should be a strong sales month.
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby Cog » Sun 26 May 2019, 17:45:12

Armageddon wrote:
Cog wrote:No it means that Trump and Pence wants 3 to 4% growth rates to happen. The Fed operates under a completely different mandate and always has.



JP Morgan has downgraded their Q2 GDP forecast to 1%. Negative GDP for Q3 and 4 isn’t far fetched.


Well in July we can revisit this and see if JP is correct or not. I know we have a side bet already on Fed rate cuts in 2019, but if you would like to suggest a bet on 2nd quarter GDP I'm always ready to entertain such a bet.
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby Armageddon » Sun 26 May 2019, 17:59:07

Cog wrote:
Armageddon wrote:
Cog wrote:No it means that Trump and Pence wants 3 to 4% growth rates to happen. The Fed operates under a completely different mandate and always has.



JP Morgan has downgraded their Q2 GDP forecast to 1%. Negative GDP for Q3 and 4 isn’t far fetched.


Well in July we can revisit this and see if JP is correct or not. I know we have a side bet already on Fed rate cuts in 2019, but if you would like to suggest a bet on 2nd quarter GDP I'm always ready to entertain such a bet.




I dont need another bet with you, you’ll be gone for 3 months already. :lol:
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby Cog » Sun 26 May 2019, 19:15:38

Hope springs eternal in the doomer world for a crash. LOL
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby Armageddon » Sun 26 May 2019, 19:24:39

Danielle DiMartino who worked for the FED as an economic adviser says in her recent interviews that GDP, inflation and the stock markets are all rigged
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby copious.abundance » Sun 26 May 2019, 21:14:28

Cog wrote:...
Well in July we can revisit this and see if JP is correct or not. I know we have a side bet already on Fed rate cuts in 2019, but if you would like to suggest a bet on 2nd quarter GDP I'm always ready to entertain such a bet.

Cog is just trying to get back the money he lost from me in 2009. :lol:
Stuff for doomers to contemplate:
http://peakoil.com/forums/post1190117.html#p1190117
http://peakoil.com/forums/post1193930.html#p1193930
http://peakoil.com/forums/post1206767.html#p1206767
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby Armageddon » Mon 27 May 2019, 01:30:27

Stock market is trading at the same level as 16 months ago. Has it peaked? Probably
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby Cog » Mon 27 May 2019, 06:12:47

copious.abundance wrote:
Cog wrote:...
Well in July we can revisit this and see if JP is correct or not. I know we have a side bet already on Fed rate cuts in 2019, but if you would like to suggest a bet on 2nd quarter GDP I'm always ready to entertain such a bet.

Cog is just trying to get back the money he lost from me in 2009. :lol:


I was a doomer in those days, much to my wagering regret. :lol:
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby shortonoil » Mon 27 May 2019, 10:49:37

"Everything Is Under Scrutiny": 38,000 Layoffs Across Auto Industry May Only Be The Beginning

Automakers can’t help but acknowledge the global recession in their industry after a decade of growth. As a result, they are slashing payroll across the board, according to Bloomberg. Countries like China, the United Kingdom, Germany, Canada and the United States have all seen at least 38,000 job cuts over the last six months in the automotive sector. And this could just be the beginning of larger cuts to come.


https://www.zerohedge.com/news/2019-05- ... -beginning

38,000 in automotive alone. How many in steel, glass, mining, and lumber? The bond market is folding, and credit is obviously next. The FED is in a box. The more they cut rates the more pressure it will put on the banks. It is now a choice between the equity markets, and the rest of the economy. The end of the oil age will be preceded by a world in economic ruin, and we are 87% there!

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Re: Stock Market Crash! (merged) Pt. 7

Unread postby Outcast_Searcher » Mon 27 May 2019, 11:24:51

shortonoil wrote: The end of the oil age will be preceded by a world in economic ruin, and we are 87% there!

You do OK, reporting news that the car industry will have worse days after enjoying big sales and profits.

But then you go all loony saying things like that.

The EIA and IEA, which collectively know a HELL of a lot more than you do about oil production, both say the net global oil production will be flat to increasing until 2040, or even 2050 -- and 2050 is as far as I've seen them forecast.

Even if the economy has a deep recession (which will cause oil prices to fall), first world consumers can afford gasoline to get around for NECESSITIES. (You see, there are social safety net systems, unemployment, etc. even if MANY MILLIONS lose jobs). Even the big mess in 2008-2009 merely caused a dip in global oil demand, despite all the screams from doomers that the end of the financial world was nigh.

But of course, always ignore reality, in favor of constantly, incorrectly, forecasting economic doom and "the end of oil" real soon now because? Is always being wrong such a thrill?

But I know, you won't admit your track record, just like you welch on your bet and lie about it. 8)
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. 7

Unread postby Armageddon » Mon 27 May 2019, 11:30:17

Ouch

Hong Kong Exports -2.6% expected +0.1%
China -1.3%
US -17%
Japan -12.5% Taiwan -24.4%
Only Singapore -32.1%

Imports -5.5% vs -0.1%

well we can use the word slowdown
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby Armageddon » Mon 27 May 2019, 11:49:39

If you want to hear what’s really happening in the auto industry, i’d Advise to listen to this interview. This was before the Ford mass layoff too.

https://m.youtube.com/watch?v=BXJ1Xvmun80&t=14s

18+ months of inventory on some of the most popular vehicles.

Auto and housing is the backbone of the US economy and both are collapsing.
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby StarvingLion » Mon 27 May 2019, 11:57:27

BMW stock has totally collapse in the past month along with TSLA.

The rich people are bankrupt. They can't afford crookmobiles, huge mansions, or even a military except utterly useless drone junk.

I guess Gregory Retardino hasn't figured out that an Iraq style war now would cause the currency to collapse within two weeks.

Fog believes a serious solider in the field will even bother showing up with nothing more than Drone junk providing air support.

BRAINDEAD.

All these crooks have left is fake money tied up in Gulag Operators Wannabees like Google, Facebook.
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