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Stock Market Crash! (merged) Pt. 18

Discussions about the economic and financial ramifications of PEAK OIL

Re: Stock Market Crash! (merged) Pt. 18

Unread postby mousepad » Tue 15 Dec 2020, 19:03:51

AdamB wrote:Rather than whining about it as though it is some universal force designed by the elites to screw over the non-experts.

The universal force is called lousy monetary policy. No conspiracy needed. But I guess monetary policy is done by experts. And they sure know what they're doing, so all is A-OK. Hurray for experts.
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Re: Stock Market Crash! (merged) Pt. 18

Unread postby mousepad » Tue 15 Dec 2020, 19:10:45

Outcast_Searcher wrote:
AdamB wrote:Inflation? Sure. Except when it isn't.

+1, as I've pointed out repeatedly.

US inflation has been roughly 2% a year since 2009


2% inflation per year. That's crazy. Inflation should be no more than 0.1% with sound monetary policy. But hell we've got experts.

Just came home from grocery store. Bought 1 can of artichokes. Cost $3. 2 weeks ago it cost $1.4. That's more than 100% inflation in 2 weeks.
Hell, but sure there's no inflation because I can buy a new truck for double the money it was 20 years ago and I get POWER WINDOWS now. YEAH. I sure got my moneys worth of car value. I now can transport a sack of potatoes while rolling my window up and down by just pressing a button. What a QUALITY OF LIFE improvement. I'm gasping for air from excitment.
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Re: Stock Market Crash! (merged) Pt. 18

Unread postby OutcastPhilosopher » Tue 15 Dec 2020, 19:43:24

mousepad wrote:
Outcast_Searcher wrote:
AdamB wrote:Inflation? Sure. Except when it isn't.

+1, as I've pointed out repeatedly.

US inflation has been roughly 2% a year since 2009


2% inflation per year. That's crazy. Inflation should be no more than 0.1% with sound monetary policy. But hell we've got experts.

Just came home from grocery store. Bought 1 can of artichokes. Cost $3. 2 weeks ago it cost $1.4. That's more than 100% inflation in 2 weeks.
Hell, but sure there's no inflation because I can buy a new truck for double the money it was 20 years ago and I get POWER WINDOWS now. YEAH. I sure got my moneys worth of car value. I now can transport a sack of potatoes while rolling my window up and down by just pressing a button. What a QUALITY OF LIFE improvement. I'm gasping for air from excitment.



Mousepad- there is no reason to even try to reason with Searcher or AdamB these guys are the biggest shills you'll ever find. Quite frankly I am quite certain they are plants by the financial industry/government or some other entity.
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Re: Stock Market Crash! (merged) Pt. 18

Unread postby vtsnowedin » Tue 15 Dec 2020, 19:50:15

Back in Nixon's day they argued about the price of hamburger. Now you are complaining about the price of artichokes.!!?
You need a reality check on what it takes to feed a family and what really defines the "cost of living".
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Re: Stock Market Crash! (merged) Pt. 18

Unread postby mousepad » Tue 15 Dec 2020, 20:16:59

vtsnowedin wrote:Back in Nixon's day they argued about the price of hamburger. Now you are complaining about the price of artichokes.!!?
You need a reality check on what it takes to feed a family and what really defines the "cost of living".

It was an example. I hope you understand that. Maybe I should have used maple syrup?

Big Mac in 2000: $2.3
Big Mac in 2020: $4.0

Does the big mac come with some power function, nowadays to justify the almost doubling in price? Maybe an automatic slide-down-your throat function?
What's the minimum wage in VT nowadays $15/h?
Went to a rail museum in western VT a few years back (town of Swanton). Minimum wage for the guy sitting in the toll booth was $0.50/h in 1940 (Swanton to Alburgh toll-bridge).
But hell there's no inflation, right? Factor 30 in 80 years. What a joke. But at least I can sleep soundly at night, because I know we've got experts at the helm steering the country and economy into a wonderful blissful dreamland of beauty and greatness.

How's your 100k tesla cybertruck order coming along? Do you think it will drive x5 faster than a $20k truck?
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Re: Stock Market Crash! (merged) Pt. 18

Unread postby AdamB » Tue 15 Dec 2020, 20:28:08

mousepad wrote: I now can transport a sack of potatoes while rolling my window up and down by just pressing a button. What a QUALITY OF LIFE improvement. I'm gasping for air from excitment.


You whine a whole bunch. Don't buy a new truck, and be happy already.
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Re: Stock Market Crash! (merged) Pt. 18

Unread postby Armageddon » Tue 15 Dec 2020, 23:05:32

According to a recent survey by the U.S. Census Bureau, of the estimated 17 million adults who are not current on their rent or mortgage payments, a whopping 33% of them could be facing eviction or foreclosure in the “next two months”.
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Re: Stock Market Crash! (merged) Pt. 18

Unread postby AdamB » Tue 15 Dec 2020, 23:39:55

mousepad wrote:
AdamB wrote:Rather than whining about it as though it is some universal force designed by the elites to screw over the non-experts.

The universal force is called lousy monetary policy.


Lousy according to who? You? Ben Bernanke was roundly blasted for daring to espouse the idea that raining some money onto the economy during times of crisis could very well save..you know...the world.

Turns out, when you are a PhD economist with a dissertation on understanding the Great Depression, not only might you be an expert, but you might know some stuff!!

So...what alternative did you recommend for saving the world back in 2008, and moving forward to today? Less lousy monetary policy? Some idea you got off this forum? Remember Monte? He was pitching bad ideas on economics and whatnot way back then, same as Armie and Short.

So..let me ask...not what is lousy, that is easy and any whiner can elaborate on it for hours, but what is your solution? And by solution, I don't mean a meaningless beating of your favorite drum, but a policy or mechanism that solves the problem as you see it (apparently inflation), and allows the maximum number of Americans to benefit from said solution.

mousepad wrote:But I guess monetary policy is done by experts.


I was once told when I disparaged economists in their understanding of oil and gas that I should beware, as economists run the world. Over time, I came to believe it. So yes, as far as economists being experts (and oh boy, some of them are), monetary policy is done by experts.

So what plan do you have that would show up said experts?
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Re: Stock Market Crash! (merged) Pt. 18

Unread postby vtsnowedin » Wed 16 Dec 2020, 07:09:43

mousepad wrote:How's your 100k tesla cybertruck order coming along? Do you think it will drive x5 faster than a $20k truck?

Fine I guess. Musk doesn't have me on "reply all" list so I haven't heard anything other then what is on the news. Electric vehicles still have to obey speed limits so 5x faster is a non issue. Also it will not cost me more then a top of the line ICE truck at $49,900.
I expect that stainless steel body to serve well in Vermont's winter and mud season roads. (I live five miles from the nearest pavement) and the drive line and battery should last 300,000+ miles which is more then I'll ever use so my Granddaughter may well drive it to UVM in 2038 when she joins the class of 2041. If I'm still around to see that I'll wave her out of the driveway sitting in my new EV which will probably be a electric wheel chair with robotic diaper changer. :P
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Re: Stock Market Crash! (merged) Pt. 18

Unread postby OutcastPhilosopher » Wed 16 Dec 2020, 08:50:22

vtsnowedin wrote:
mousepad wrote:How's your 100k tesla cybertruck order coming along? Do you think it will drive x5 faster than a $20k truck?

Fine I guess. Musk doesn't have me on "reply all" list so I haven't heard anything other then what is on the news. Electric vehicles still have to obey speed limits so 5x faster is a non issue. Also it will not cost me more then a top of the line ICE truck at $49,900.
I expect that stainless steel body to serve well in Vermont's winter and mud season roads. (I live five miles from the nearest pavement) and the drive line and battery should last 300,000+ miles which is more then I'll ever use so my Granddaughter may well drive it to UVM in 2038 when she joins the class of 2041. If I'm still around to see that I'll wave her out of the driveway sitting in my new EV which will probably be a electric wheel chair with robotic diaper changer. :P



Dude, have you missed the Tesla cars spontaneously combusting lately?
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Re: Stock Market Crash! (merged) Pt. 18

Unread postby vtsnowedin » Wed 16 Dec 2020, 08:56:47

No I have seen that and I'm confident they will solve that problem.
I also saw the Kia recall of 295,000 ICE cars for engine fire risks. Should we be more afraid of one over the other?
https://www.cnet.com/roadshow/news/kia- ... -problems/
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Re: Stock Market Crash! (merged) Pt. 18

Unread postby mousepad » Wed 16 Dec 2020, 09:09:58

AdamB wrote:Lousy according to who? You?

Yes, me. And pretty mcuh everybody else who doesn't like inflation. Do you like inflation?

could very well save..you know...the world.

Yes, but since we can't relive the other options, we will never know, could we now?

Turns out, when you are a PhD ... but you might know some stuff!!

Yes, keyword MIGHT. You also MIGHT know a lot of stuff about a very narrow subject, too narrow to be applicable on a broad problem.
But you should know that, don't you? Have you never worked with assorted phd? Engineering, geology, science? Now imagine economics, a fuzzy subject to begin with.

So...what alternative did you recommend for saving the world back in 2008, and moving forward to today?

See, I don't recommend. That's why I hire experts to do recommendation. I ask for a specific result and have the experts figure it out.
And I want < 0.1% inflation. Now, you (the expert) get to work and get it done.

So yes, as far as economists being experts (and oh boy, some of them are), monetary policy is done by experts.

Are you sure? We should lend a few of them to venezuela. What do you think their proposal will be? Print more money to stimulate the economy? :-)
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Re: Stock Market Crash! (merged) Pt. 18

Unread postby AdamB » Wed 16 Dec 2020, 11:22:41

Turns out, when you are a PhD ... but you might know some stuff!!


mousepad wrote:Yes, keyword MIGHT. You also MIGHT know a lot of stuff about a very narrow subject, too narrow to be applicable on a broad problem.
But you should know that, don't you? Have you never worked with assorted phd? Engineering, geology, science? Now imagine economics, a fuzzy subject to begin with.


I work in environments of nearly exclusive PhDs. Engineering (of various specialties), geology, geophysics, petroleum geology, mathematics, statistics, physics, economics (macro and micro specialists), hydrology, data analytics, astrogeology and physics, and so on and so forth.

And there are 2 degrees you can get in economics that I am aware of, one starts with a BA and one a BS. The economists who do one versus the other are completely different.

My specialty is interdisciplinary work, among the various silos.

Experts everywhere!!

mousepad wrote:
And I want < 0.1% inflation. Now, you (the expert) get to work and get it done.


Got it. Once a whiner without a solution, always a whiner without a solution. Do you resent that some of us are experts, or that some of us experts can think our way out of wet paper bags and it makes whiners uncomfortable?
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Re: Stock Market Crash! (merged) Pt. 18

Unread postby Outcast_Searcher » Wed 16 Dec 2020, 17:46:03

AdamB wrote:
Turns out, when you are a PhD ... but you might know some stuff!!


mousepad wrote:Yes, keyword MIGHT. You also MIGHT know a lot of stuff about a very narrow subject, too narrow to be applicable on a broad problem.
But you should know that, don't you? Have you never worked with assorted phd? Engineering, geology, science? Now imagine economics, a fuzzy subject to begin with.


I work in environments of nearly exclusive PhDs. Engineering (of various specialties), geology, geophysics, petroleum geology, mathematics, statistics, physics, economics (macro and micro specialists), hydrology, data analytics, astrogeology and physics, and so on and so forth.

And there are 2 degrees you can get in economics that I am aware of, one starts with a BA and one a BS. The economists who do one versus the other are completely different.

My specialty is interdisciplinary work, among the various silos.

Experts everywhere!!

mousepad wrote:
And I want < 0.1% inflation. Now, you (the expert) get to work and get it done.


Got it. Once a whiner without a solution, always a whiner without a solution. Do you resent that some of us are experts, or that some of us experts can think our way out of wet paper bags and it makes whiners uncomfortable?

Plus, on this thread, the CLOWN doing the whining (mousepad in this case, since sadly, that must be defined on this thread) claims that the data doesn't matter and that inflation is a MAJOR problem in the US -- because he says so -- bereft of any evidence other than emotion, of course.

When one has as little credibility as Trump, it would be a concern, if one had a brain.
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. 18

Unread postby Armageddon » Wed 16 Dec 2020, 21:53:43

A Record 61% Of Restaurants, 35% Of Small Businesses Can't Pay December Rent


another lockdown will finish them all off
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Re: Stock Market Crash! (merged) Pt. 18

Unread postby vtsnowedin » Wed 16 Dec 2020, 22:03:57

I have two daughters that hold PHDs in biology (think aids research and other cutting edge research) and neither of them uses the term " Doctor" except on job applications.
People like Martin Luther King were quite proud of the title and rightly so considering how few members of his race had been allowed to rise that far at that time.
But a white rich woman that grew up in privilege using it to brag about her superiority is shall we say a low class act.
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Re: Stock Market Crash! (merged) Pt. 18

Unread postby OutcastPhilosopher » Thu 17 Dec 2020, 10:45:43

Ok.....BTC goes above 20,000 for the first time. A lot of the Cryptos are getting pumped.

The dollar is getting killed going below 90. Right now it is at 89.94.

Get ready for a major false flag event.

One of my contacts states that there could be a false flag that takes down the internet.

Good luck.
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Re: Stock Market Crash! (merged) Pt. 18

Unread postby AdamB » Thu 17 Dec 2020, 11:06:49

vtsnowedin wrote:I have two daughters that hold PHDs in biology (think aids research and other cutting edge research) and neither of them uses the term " Doctor" except on job applications.


This is the norm. I work where nearly everyone is a doctor. PhD. Math, science, geology, economics, etc etc.

When someone tells you they are Dr. So and So, it is an instant red flag in this environment that someone has some inferiority complex issue. The best one of all time was someone desperate to be called doctor, and they introduced themselves in a meeting by saying, "My name is XX, and you don't have to call me Dr XXXX yet, but I'm getting close". It was hysterical.

vtsnowedin wrote: But a white rich woman that grew up in privilege using it to brag about her superiority is shall we say a low class act.


Hey, that is how some folks use it.
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Re: Stock Market Crash! (merged) Pt. 18

Unread postby AdamB » Thu 17 Dec 2020, 11:09:15

OutcastPhilosopher wrote:Get ready for a major false flag event.


Every day of the week, if your source of information happens to be conspiracy nutters.

OutcastPhilosopher wrote:One of my contacts states that there could be a false flag that takes down the internet.


JuanP? Did his plants tell him this was coming? :lol:
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Re: Stock Market Crash! (merged) Pt. 18

Unread postby OutcastPhilosopher » Thu 17 Dec 2020, 11:14:32

Outcast_Searcher wrote:
AdamB wrote:
Turns out, when you are a PhD ... but you might know some stuff!!


mousepad wrote:Yes, keyword MIGHT. You also MIGHT know a lot of stuff about a very narrow subject, too narrow to be applicable on a broad problem.
But you should know that, don't you? Have you never worked with assorted phd? Engineering, geology, science? Now imagine economics, a fuzzy subject to begin with.


I work in environments of nearly exclusive PhDs. Engineering (of various specialties), geology, geophysics, petroleum geology, mathematics, statistics, physics, economics (macro and micro specialists), hydrology, data analytics, astrogeology and physics, and so on and so forth.

And there are 2 degrees you can get in economics that I am aware of, one starts with a BA and one a BS. The economists who do one versus the other are completely different.

My specialty is interdisciplinary work, among the various silos.

Experts everywhere!!

mousepad wrote:
And I want < 0.1% inflation. Now, you (the expert) get to work and get it done.


Got it. Once a whiner without a solution, always a whiner without a solution. Do you resent that some of us are experts, or that some of us experts can think our way out of wet paper bags and it makes whiners uncomfortable?

Plus, on this thread, the CLOWN doing the whining (mousepad in this case, since sadly, that must be defined on this thread) claims that the data doesn't matter and that inflation is a MAJOR problem in the US -- because he says so -- bereft of any evidence other than emotion, of course.

When one has as little credibility as Trump, it would be a concern, if one had a brain.


Searcher, here is a good article from forbes on inflation that basically totally goes against your retarded nonsense.

https://www.forbes.com/sites/periannebo ... 1feba200b4
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