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Stock Market Crash! (merged) Pt. 7

Discussions about the economic and financial ramifications of PEAK OIL

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

Unread postby Yoshua » Wed 05 Jun 2019, 08:27:04

I'm not saying that the traders know it all. In fact the traders think that the dollar makes the world go around. We all know that it is energy that runs the economic engine.

The traders make their technical charts and compare them to economic data.

The Fed loved charts. And just by a coincidence Powell gave a dovish speech yesterday when the S&P 500 had hit the 1000 day moving average. He said: "The Fed will act".

The markets shot up like a rocket. The Fed can't let the stock market crash. They will act. ZIRP and QE will come and save the markets.

But they can't print energy...
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby Yoshua » Wed 05 Jun 2019, 09:21:57

World stocks vs. Global composite PMI

The central banks stimulus is no longer working... except in propping up the stock markets?

https://www.zerohedge.com/s3/files/inli ... k=-owMIk1p
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby asg70 » Wed 05 Jun 2019, 09:23:22

And so the incessant zerohedge circle-jerk continues...
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. 7

Unread postby Armageddon » Wed 05 Jun 2019, 09:27:48

Stock up triple digits on THIS ABSOLUTELY ABYSMAL ECONOMIC NEWS. The Market knows MORE easy money and BAILOUTS are coming...
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby Yoshua » Wed 05 Jun 2019, 10:21:31

Crude oil +6.77MM, Exp. -0.5MM
Gasoline +3.21MM
Distillate +4.57MM
Cushing +1.79MM

WTI 51.50
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby Newfie » Wed 05 Jun 2019, 11:58:19

I’ve recently seen news of May market “valuation” losses of between 1.1 and 3 TRILLION dollars (rounding error?).

That got me to look at past losses. Found this interesting article.

https://www.google.com/amp/s/www.financ ... -crashes//
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby AdamB » Wed 05 Jun 2019, 12:01:41

shortonoil wrote:The coming end of the oil age shouldn't really be a "big surprise" anymore than the upcoming world wide depression that will soon have Mr. Druckenmiller going long horse shoes, and buggy whips.


You know, I found you making a comment like this after about 7 posts of this website, like 15 years ago.

Admittedly, back then you had Lydon LaRouche as your go to information source, but when you see a uni-directional opinion, the direction it is aimed at is irrelevant, because obviously, it can only aim one way. When did your belief system designed around all doom, only doom, forever doom begin? Early in life, or after age created what is in most folks a natural conservative bent?
Peak oil in 2020: And here is why: https://www.youtube.com/watch?v=2b3ttqYDwF0
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby evilgenius » Wed 05 Jun 2019, 12:29:16

Newfie wrote:I’ve recently seen news of May market “valuation” losses of between 1.1 and 3 TRILLION dollars (rounding error?).

That got me to look at past losses. Found this interesting article.

https://www.google.com/amp/s/www.financ ... -crashes//

It's interesting that number 10 on that list is the recent Chinese market crash. I vaguely remember stories about how many ordinary Chinese got caught up in that. I bet Xi remembers better than I do. They've been trying to "modernize" how they do things since then. I think, they have been trying to change how much of what goes on is opaque to reasonable statistical analysis. I don't know how much luck they are having with that.
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby Armageddon » Wed 05 Jun 2019, 15:18:37

Mortgage apps for home purchases -2% last week, 10yr UST yield -19bps in the same period. 10yr yield -84bps y/y, purchase apps only +0.5% y/y. And construction employment dropped by 36k in May (source: ADP). If plunging mortgage rates can't boost this #housing market, what will?

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

Unread postby Armageddon » Wed 05 Jun 2019, 15:34:52

Auto layoffs. YTD to April 30:
2019: 19,802
2018: 6,451
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby godq3 » Wed 05 Jun 2019, 20:44:38

Armageddon wrote:Homelessness jumps 12% in L.A. County
and 16% in the city; officials ‘stunned’

-LA Times


Stunned? Not me. This is what is expected when entering an economic depression. We are just getting started.

This is what happens when you replace Whites with equator people.
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby Armageddon » Thu 06 Jun 2019, 07:38:31

US heavy truck orders are collapsing

"Orders for Class-8 trucks – the heavy trucks that haul a large part of the goods-based economy across the US – plunged by 71% in May compared to May last year"
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby rockdoc123 » Thu 06 Jun 2019, 09:18:36

US heavy truck orders are collapsing


Trucking companies have ordered 63,000 trucks year to date. That’s a 63 percent decline from the 169,186 orders placed during the same period in 2018. Still, because of record orders last year, truck manufacturers have an eight-month backlog of vehicles to build, said Kenny Vieth, ACT president and senior analyst.
We continue to contend that current order weakness has more to do with very large Class 8 backlogs than with the evolving supply-demand balance,” Vieth said.


Freight demand should improve in the April-June period, he said.
Small fleets and owner-operators chasing what remains of last year’s booming freight market snapped up newer-model used trucks in the first quarter. Prices were 10 percent higher year over year, according to ACT.
The 50 biggest trucking companies increased their share of the for-hire market from 27 percent to 38 percent from 2009 to 2018, according to an analysis from SJ Consulting Group and the ATA. There are more than 500,000 registered motor carriers in the U.S.


But I guess if you want to find something bad in what is a booming business then have at it. :roll:
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby shortonoil » Thu 06 Jun 2019, 09:39:38

You know, I found you making a comment like this after about 7 posts of this website, like 15 years ago.

Admittedly, back then you had Lydon LaRouche as your go to information source, but when you see a uni-directional opinion, the direction it is aimed at is irrelevant, because obviously, it can only aim one way. When did your belief system designed around all doom, only doom, forever doom begin? Early in life, or after age created what is in most folks a natural conservative bent?


The recognition of the inevitable failure of modern industrial civilization, which is based on petroleum, began after the completion of the Etp Model. That was 6 years ago.

http://www.thehillsgroup.org/

And, who the hell is Lydon Larouche?

Europe continues to unravel; China appears to be dealing with an exploding inflation rate, and its exports are plunging. World trade is continuing to decline. The US has adopted the policy of reducing the flow of dollars to the rest of the world. That appears to be the objective of its tariffs, and FED policy appears to be supporting it. The certainty of upcoming rate cuts, and QE4 is weakening the dollar. This will only exasperate the deflationary spiral the world has entered as the result of oil's ongoing depletion.

The US appears to have developed an alternate energy production system, which it can't, and doesn't intend to share with the rest of the world. Although knowledge of its existence has been protected for more than 40 years at the highest levels, recent bizarre news releases could be an indication that some statement regarding it may be forth coming.
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby AdamB » Thu 06 Jun 2019, 10:19:54

shortonoil wrote:
You know, I found you making a comment like this after about 7 posts of this website, like 15 years ago.

Admittedly, back then you had Lydon LaRouche as your go to information source, but when you see a uni-directional opinion, the direction it is aimed at is irrelevant, because obviously, it can only aim one way. When did your belief system designed around all doom, only doom, forever doom begin? Early in life, or after age created what is in most folks a natural conservative bent?


The recognition of the inevitable failure of modern industrial civilization, which is based on petroleum, began after the completion of the Etp Model. That was 6 years ago.


This isn't substantiated by your claims of world doom 15 years ago, within a short period of time of your first posts on this site. Your all doom, all the time claims as documented on this website predate your construction of a complex and discredited rationalization. So when did you decide the world was going to end because you believed in doom, rather than taking the better part of a decade to see that idea discredited because peak oil didn't come off as hoped, and then manufacturing the rationalization? About the time you found this website? When you were younger? When you became scared of scarcity in the industry you do have experience in?

shortonoil wrote:And, who the hell is Lydon Larouche?


One of your go to doom references back in the day, before you built your rationalization. This was back when you were blaming George Bush II for the end of the world.

You have a habit of forgetting things you've said in the past, like the bets you welshed on. Selective memory is a requirement I imagine, based on the number of stupid claims you've made since you joined this site.
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby shortonoil » Thu 06 Jun 2019, 10:27:35

Signs of slowing global economic activity have increased in recent months, fueled by trade tensions between the United States and China, the world’s top two energy consumers.


A slowing world economy is reducing the demand for oil. What a surprise!

https://www.reuters.com/article/us-glob ... 6?rpc=401&

ECB Cuts Long-Term GDP Growth, Inflation Forecasts

Even the ECB is throwing in the towel, and acknowledging that growth is dead.

https://www.zerohedge.com/news/2019-06- ... -forecasts

As petroleum’s per unit energy delivery declines, producers invest less in capital structure. PEMEX is an excellent example of the ongoing deterioration that is occurring.
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby Armageddon » Fri 07 Jun 2019, 07:32:08

European Economy Worsens as Germany Industrial Output Plunges “German industrial production plunged the most in almost 4 years in April & nation’s central bank gave a gloomy assessment of the outlook suggesting persistent slump in Europe’s largest economy”
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby onlooker » Fri 07 Jun 2019, 08:57:38

"Thanks to Evan Neilsen for the tag on this. PCR explains how the US economy is nothing but a manipulated hall of mirrors. We live in a world of complete unreality. It's all a house of cards that will inevitably collapse as it's in the process of doing now. And absolutely every word that comes out of the media is a lie.

"We live in a Matrix of Lies in which our awareness is controlled by the explanations we are given. The control exercised over our awareness is universal. It applies to every aspect of our existence. In the article above I showed that not only is our understanding of the economy controlled by manipulation of our minds, but also the markets themselves are controlled by official intervention. In brief, you can believe nothing that you are officially told. If you desire truth, you must support the websites that are committed to truth."

https://www.zerohedge.com/news/2019-06- ... erica-gone
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby rockdoc123 » Fri 07 Jun 2019, 09:16:15

PCR explains how the US economy is nothing but a manipulated hall of mirrors. We live in a world of complete unreality. It's all a house of cards that will inevitably collapse as it's in the process of doing now. And absolutely every word that comes out of the media is a lie.


Good grief. Give your head a shake.

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

Unread postby Revi » Fri 07 Jun 2019, 10:00:56

It's interesting that we can be both in the best economy of all time, and also in a worldwide downturn at the same time.

https://www.forbes.com/sites/petergeorg ... d0d1d660b7

Around here it's very difficult for most people, and from what I've heard LA is no better. There is a real problem with homelessness and it's growing. It costs an average of $2000 a month for rent in LA, so unless the poor come up with $2000 they can't even have a place to lay their head. If the schlock market goes down and the "best economy" goes down it gets even worse.

https://www.cnn.com/2019/06/05/politics ... index.html
Deep in the mud and slime of things, even there, something sings.
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