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Stock Market Crash! (merged) Pt. 5

Discussions about the economic and financial ramifications of PEAK OIL

Re: Stock Market Crash! (merged) Pt. 5

Unread postby Outcast_Searcher » Mon 01 Apr 2019, 13:25:48

derhundistlos wrote:"Consider how often the big tax cheats caught among leading politicians are often dems."

What a meaningless statement that was contrived by Republican hit men for the most obvious of reasons.

Spoken like a leftist hack. Congrats for showing how credible you are. I point out flaws on BOTH sides of the spectrum, but all you can do is desperately search for any possible counter-example when it's tax cheating dems -- the ones who supposedly LOVE taxes.

As mindless as you obviously are, I got my statements by watching and reading the NEWS. And since I had my filter set for hypocrisy, I noticed dem tax cheats and GOP family values, etc. cheats.

Is that concept beyond your conceptual powers of comprehension?

But of course, why would I expect someone in the political spectrum vicinity of the socialist loon crowd to be able to be objective at all, or actually read for content?

OK. And why should I read your posts, which all empty-mindedly say "dems good, GOP bad"? Do you think that is at ALL unique or insightful?
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. 5

Unread postby Outcast_Searcher » Mon 01 Apr 2019, 13:43:10

vtsnowedin wrote: Well the stock market has "crashed" all the way up to 26150 (DOW) so the original point of this thread is nonsense

Awwwww, I was hoping to point that out.

But, yeah. So I guess Armageddon will have to resort to calling us stooges, etc, since the facts just aren't on his side, re a "crash" in anything like the timeframe this thread was about.

Naturally, complete cherry-picker-for-doom that he is, he'd never point out that the markets' rise *including Asia and Europe) is largely on the STRENGTH of new data from both China and the US.

Funny how that works in economics, where there are generally both strong and weak points, especially if you don't use context and balance in your "reporting". :idea:

(i.e. if every year isn't a new record, even on the back of a solid recent record, then it's a "CRASH"). :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. 5

Unread postby Outcast_Searcher » Mon 01 Apr 2019, 13:55:54

pstarr wrote:
Cog wrote:Biden is the only serious challenger to Trump. America is not quite ready for socialism, which is what all the other Dems are running on.

Since the Dems spent the last two years placing their bets on the Mueller report leading to Trump's impeachment, they really aren't offering voters anything except Transgender bathrooms and more racial politics.

You sure know how to pick them.

10 Videos Showing Joe Biden Touching Women Inappropriately

We already have one Groper in Chief. Do we need a second?

And yet, given how the far left loon socialist crowd looks re policy or, frankly, sanity, even as an old groper, Biden looks good.

Can't the dems come up with a decent candidate that won't look absolutely TERRIBLE to the vast majority of Americans?

Let me guess. You'll say Liz Warren because pretending to be of Native American heritage is more politically correct than groping? Well guess what -- if she's OK (she's not, re her far left positions) then Biden is just as OK. Not that the left would ever admit it of course, since some political correctness is more correct than others (or at least far more shrill). :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. 5

Unread postby Armageddon » Mon 01 Apr 2019, 15:37:17

Outcast_Searcher wrote:
vtsnowedin wrote: Well the stock market has "crashed" all the way up to 26150 (DOW) so the original point of this thread is nonsense

Awwwww, I was hoping to point that out.

But, yeah. So I guess Armageddon will have to resort to calling us stooges, etc, since the facts just aren't on his side, re a "crash" in anything like the timeframe this thread was about.

Naturally, complete cherry-picker-for-doom that he is, he'd never point out that the markets' rise *including Asia and Europe) is largely on the STRENGTH of new data from both China and the US.

Funny how that works in economics, where there are generally both strong and weak points, especially if you don't use context and balance in your "reporting". :idea:

(i.e. if every year isn't a new record, even on the back of a solid recent record, then it's a "CRASH"). :roll:




What does the stock market have to do with the economy? The stock market only cares about cheap money.

Retail sales tumble in February and stocks are up 300.

GDP heading way down in Q1 and markets are at all time highs.
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Re: Stock Market Crash! (merged) Pt. 5

Unread postby marmico » Mon 01 Apr 2019, 16:05:20

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Re: Stock Market Crash! (merged) Pt. 5

Unread postby Outcast_Searcher » Mon 01 Apr 2019, 17:58:22

https://www.cnbc.com/2019/04/01/the-big ... patch.html

The biggest question for the market entering the second quarter: Recession or just a soft patch?

The point, for the perma-doomers, is there is both positive and negative data. Only cherry picking the negatives isn't credible.

Oh, and a recession, if we have one, doesn't equate to doom. Or a market "crash". Calling every downturn, no matter how minor, a "crash" isn't credible either.
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. 5

Unread postby Armageddon » Mon 01 Apr 2019, 18:08:10

Outcast_Searcher wrote:https://www.cnbc.com/2019/04/01/the-biggest-question-for-the-market-entering-the-second-quarter-recession-or-just-a-soft-patch.html

The biggest question for the market entering the second quarter: Recession or just a soft patch?

The point, for the perma-doomers, is there is both positive and negative data. Only cherry picking the negatives isn't credible.

Oh, and a recession, if we have one, doesn't equate to doom. Or a market "crash". Calling every downturn, no matter how minor, a "crash" isn't credible either.



If you take away trillions of govt debt, QE 1,2 and 3, and 0% interest rates, we’d be a depression since 2008
Last edited by Armageddon on Mon 01 Apr 2019, 18:50:57, edited 2 times in total.
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Re: Stock Market Crash! (merged) Pt. 5

Unread postby onlooker » Mon 01 Apr 2019, 18:29:10

Defined as net new credit to GDP, credit impulse is one of the best statistical predictors of recession. As of today, credit impulse has gone negative across the world for the first time since the start of the Great Recession.

Central banks have done the world an enormous disservice. Instead of admitting that issuing debt at more than twice the rate of underlying economic growth was a bad idea, they created an even larger debt monster.

The resulting global asset price bubble—or, more accurately, set of nested and intertwined bubbles—can collectively be called the Mother Of All Bubbles (MOAB). Central bankers have tried, again and again, to print prosperity.


https://bmg-group.com/pin-pop-mother-bubbles/
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Re: Stock Market Crash! (merged) Pt. 5

Unread postby Armageddon » Mon 01 Apr 2019, 18:57:38

Germany Manufacturing PMI plummets ⬇️ to 80-month low of 44.1 (47.6 - Feb), levels not seen since Eurozone sovereign debt crisis. Weak demand continues to harm German goods producers. More: ihsmark.it/FlWg50oJNVQ


8O
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Re: Stock Market Crash! (merged) Pt. 5

Unread postby Armageddon » Mon 01 Apr 2019, 18:59:42

I love how we completely ignored retail sales today. There was a time in 2016 when the number that makes up 69% of GDP was important
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Re: Stock Market Crash! (merged) Pt. 5

Unread postby marmico » Mon 01 Apr 2019, 19:31:13

love how we completely ignored retail sales today. There was a time in 2016 when the number that makes up 69% of GDP was important


The ARMAGGEDON DAILY DOOM ECONOMIC DATA TAB neglected US construction data which has been on a tear this calendar year and which more than offset the down in retail sales. For instance, public highway and street construction is up 23% year on year.

https://www.census.gov/construction/c30/pdf/release.pdf
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Re: Stock Market Crash! (merged) Pt. 5

Unread postby Armageddon » Mon 01 Apr 2019, 19:42:37

marmico wrote:
love how we completely ignored retail sales today. There was a time in 2016 when the number that makes up 69% of GDP was important


The ARMAGGEDON DAILY DOOM ECONOMIC DATA TAB neglected US construction data which has been on a tear this calendar year and which more than offset the down in retail sales. For instance, public highway and street construction is up 23% year on year.

https://www.census.gov/construction/c30/pdf/release.pdf




You’re applauding more govt spending?
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Re: Stock Market Crash! (merged) Pt. 5

Unread postby Armageddon » Mon 01 Apr 2019, 22:11:35

Global manufacturing PMI for March matched Feb reading but when India and Mexico (which were too late this month to be included) are added, it likely slipped again for the 11th month in a row—matching the longest stretch of weakness seen in 2008.
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Re: Stock Market Crash! (merged) Pt. 5

Unread postby asg70 » Mon 01 Apr 2019, 23:57:15

Armageddon wrote:What does the stock market have to do with the economy?


When the stock market was tanking you were using that as a springboard to tell us that the economy was toast. Now that it's rallying you're saying the two are totally independent?

You're really tipping your hand here as far as your biased doomer-glasses go.
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Re: Stock Market Crash! (merged) Pt. 5

Unread postby asg70 » Tue 02 Apr 2019, 00:00:16

Armageddon wrote:I love how we completely ignored retail sales today. There was a time in 2016 when the number that makes up 69% of GDP was important


Retail is dying due to online, not economic armageddon:

Online shopping has changed the retail landscape, and brick-and-mortar stores are feeling it.
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Re: Stock Market Crash! (merged) Pt. 5

Unread postby Armageddon » Tue 02 Apr 2019, 01:38:21

asg70 wrote:
Armageddon wrote:What does the stock market have to do with the economy?


When the stock market was tanking you were using that as a springboard to tell us that the economy was toast. Now that it's rallying you're saying the two are totally independent?

You're really tipping your hand here as far as your biased doomer-glasses go.



Economic bad news had been good news for the markets because it’s a sign of upcoming rate cuts and more QE. That’s fuel for the economy.
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Re: Stock Market Crash! (merged) Pt. 5

Unread postby Cog » Tue 02 Apr 2019, 03:23:27

Obama said marriage was between a man and a woman until he didnt.
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Re: Stock Market Crash! (merged) Pt. 5

Unread postby derhundistlos » Tue 02 Apr 2019, 04:08:45

Cog, I really must thank you and your twin for reminding me why I'm a Democrat-LOL.
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Re: Stock Market Crash! (merged) Pt. 5

Unread postby derhundistlos » Tue 02 Apr 2019, 05:48:37

The most ironic part about Republicons who like to display their patriotic bona fides for all to see is their man, Trump, is a COWARD and a TRAITOR.
Trump and I both attended New York Military Academy. First, he was just as condescending and arrogant a rube then as he is today. He loved to arrive back at NYMA late on Sundays so all the cadets would see that he was being driven in a chauffeured limousine. Worst of all, Trump made sure daddy paid off the right people so he would not be sent to Vietnam. The traitor used multiple fake medical deferments to avoid military service. Yeah, this is the same phony who loves to hug the American flag while cameras are rolling. Can you imagine the screaming that would occur if instead of Trump it was Obama who avoided service by committing fraud? Am I suggesting there's a double standard that exists in the GOP? Oh, never.

One would think with all the Republicon flag waving and calls to patriotism, Trump would have been immediately disqualified, but no. Principles, character, honesty, the truth, none of this matters to the Grand Old Party of Hypocrisy. All that matters to these people is winning, power and money PERIOD. All the talk about family values, patriotism, God & country, etc. is nothing but a fraud meant to assuage the morally bankrupt conscience of low information voters.
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