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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 asg70 » Fri 14 Jun 2019, 19:53:03

Armageddon wrote:We could save a lot of confusion if we change the title of the thread to ‘economic crash’.


Why not start a new thread called 'THE Short and Armageddon's Circle-jerk Thread'
instead?
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby Armageddon » Fri 14 Jun 2019, 21:35:42

asg70 wrote:
Armageddon wrote:We could save a lot of confusion if we change the title of the thread to ‘economic crash’.


Why not start a new thread called 'THE Short and Armageddon's Circle-jerk Thread'
instead?




Or ASG doesn’t believe in real data thread?
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby Cog » Fri 14 Jun 2019, 22:58:08

Armageddon wrote:New Survey: 69% Of U.S. CFOs Predict Economic Collapse & Stock Market Crash By The End Of 2020


They are usually very optimistic


So now it's not 2019 but next year. Goal post moving is a professional sport among fast crash doomers.
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby Outcast_Searcher » Sat 15 Jun 2019, 02:15:03

Armageddon wrote:New Survey: 69% Of U.S. CFOs Predict Economic Collapse & Stock Market Crash By The End Of 2020

They are usually very optimistic

No citation. I'm so shocked. :roll:

So when I do a search, I find this, which is what I presume you're talking about.

https://moneyandmarkets.com/economy-recession-2020/

1). This is clearly an "investment newsletter" selling/pumping site.

2). They clearly have a negative slant. Again, I'm shocked, shocked I tell you.

3). Reading through this, I see lots of mention of predicting a recession by the end of 2020. Nothing about "economic collapse" in the article.

I do see an advertising link saying to "watch this special report" since "an insider" is predicting an economic collapse. Is this to what you're referring?

If so, your "quote" seems highly misleading. And since when are blatant ads to buy financial nonsense opinions reasonable things to quote? Oh yes, you doomer types love zerohedge. :roll: Never mind.

...

But now it's 2020? Why not just say sometime in the next decade and then claim you called it if we have a recession? EVEN THOUGH A RECESSION IS ***NOT*** COLLAPSE TO ANY RATIONAL PERSON.
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 asg70 » Sat 15 Jun 2019, 08:44:08

Doomers don't know how to properly back up an argument. They always cherry-pick when appealing to authority. Always. Armageddon just adds insult to injury by dropping headlines without even a proper citation. But pointing out to them that linking to zerohedge and other doom bloggers doesn't comprise a proper appeal to authority falls on deaf ears. Since these are the most reliable sources of doom-mongering, they're not going to stop linking to them. In the end, though, all they wind up doing is preaching to the converted. They are hopelessly locked in their own reality distortion field.
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby shortonoil » Sat 15 Jun 2019, 09:36:14

Doomers don't know how to properly back up an argument.


Comments from another reformed dog, and kitten beater.
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby shortonoil » Sat 15 Jun 2019, 09:39:58

@ Baduila

Image

The graph also gives us an estimate for the minimum price; which appears to be in the high $20 range. That would be the minimum cost of production without reserve replacement, and where operations would cease because of a negative cash flow. It represents the average operational, or lifting cost. The maximum and minimum appear to converge around the 2030 "dead state" as can be calculated from the Etp Model. .

Over the next few years we can expect that what has occurred in Venezuela will begin to happen to other higher cost producers. Production will go down one level at a time, and will be accompanied with a declining economy. Even the economic data is supporting the reality that we are fast approaching the end of the oil age.

http://www.thehillsgroup.org/depletion2_022.htm
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby onlooker » Sat 15 Jun 2019, 13:54:45

"Even the economic data is supporting the reality that we are fast approaching the end of the oil age." The excessive flagrant lending points to the fact that economies can no longer remain viable other than via incessant money creation.
"We are mortal beings doomed to die
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby Armageddon » Sat 15 Jun 2019, 14:17:22

Danielle DiMartino who worked for the FED and is tied in to many, many insiders told me to “buckle up” when I asked her about the economy and what’s coming.
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby rockdoc123 » Sat 15 Jun 2019, 16:44:47

Over the next few years we can expect that what has occurred in Venezuela will begin to happen to other higher cost producers.


what would that be.....the country taken over by a socialist dictator who threw out all the companies and experts who knew how to explore and produce oil efficiently and then took all of the oil revenues and "gifted" it to indigenous peoples to secure their continued support? That is what happened in Venezuela, it is well documented and has been discussed here numerous times. For some reason it doesn't stop you from claiming it had something to do with the cost of heavy oil production. If that were the case then Suncor, Imperial OIl and Canadian Oil Sands would be out of business rather than still churning away in a low price environment?
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby StarvingLion » Sat 15 Jun 2019, 17:16:45

According to rockdoc, Nabors Industries is a global S&P 500 oil and gas drilling contractor that is run by a socialist dictator. The stock has gone from $30 to $2 in 5 years and was down 11% on Friday.

According to rockdoc, CNX Resources is a natural gas company based in Pittsburgh, is run by socialist dictator. Its stock has gone from $17 to $7 in 1 year.

BMW stock crashing...ISM problem
XOM stock crashing...ISM problem
EOG stock crashing...ISM problem
F stock crashing...ISM problem
etc etc

I guess real world companies are all run by socialist dictators.
You're screwed. Admit it.
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby StarvingLion » Sat 15 Jun 2019, 17:19:26

Alta Mesa Resources Inc, which turned a $3.8 billion investment in the oilfield into under $30 million in just two years, last month said it may not be able to pay creditors.

Its obviously another socialist dictator at work according to rockdoc Lets face it,

Oil and Gas Industry is The ~0.01 Amplifier of Money Industry

Bankrupt.
You're screwed. Admit it.
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby Armageddon » Sat 15 Jun 2019, 19:01:54

Fed won't cut rates on June 19. Q2 growth forecast is 2.1%, close to 10-year average. Stocks still high. "Patient" does not mean "cut" it means pause. Last cut was Dec 2008; Fed needs to prep markets. Look for end of QT, dropping "patient," and new cut codeword before real cut.

I agree with this. The first rate cut won’t happen until later this year. They only 2% points to work with and they have to save their ammo for when the crap really starts hitting. We are still in Spring/Summer. Optimism is still in the air.
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby rockdoc123 » Sat 15 Jun 2019, 19:14:37

According to rockdoc, Nabors Industries is a global S&P 500 oil and gas drilling contractor that is run by a socialist dictator. The stock has gone from $30 to $2 in 5 years and was down 11% on Friday.

According to rockdoc, CNX Resources is a natural gas company based in Pittsburgh, is run by socialist dictator. Its stock has gone from $17 to $7 in 1 year.


Perhaps if you could take time away from drooling on your keyboard you could explain to us all what any of that has to do with Venezuela? :roll: Moron.
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Trump Warns of Unprecedented Stock Market Crash

Unread postby mmasters » Sat 15 Jun 2019, 20:49:07

Here we go...

"President Trump on Saturday predicted a stock market crash “the likes of which has not been seen before” if he doesn’t win re-election in 2020. “The Trump Economy is setting records, and has a long way up to go,” Trump wrote on Twitter. “However, if anyone but me takes over in 2020 (I know the competition very well), there will be a Market Crash the likes of which has not been seen before! KEEP AMERICA GREAT.” The president’s comments came shortly after he hyped up the upcoming launch of his campaign at a Florida rally on Tuesday. Trump has repeatedly claimed that the success of the U.S. stock market depends on him remaining in the White House, though data from Macrotrends suggests the performance of the Dow Jones Industrial Average has been about average under him compared to its performance under former presidents Barack Obama and Bill Clinton, according to Bloomberg."

https://www.thedailybeast.com/trump-war ... in-in-2020
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby Cog » Sun 16 Jun 2019, 05:44:32

Armageddon wrote:Fed won't cut rates on June 19. Q2 growth forecast is 2.1%, close to 10-year average. Stocks still high. "Patient" does not mean "cut" it means pause. Last cut was Dec 2008; Fed needs to prep markets. Look for end of QT, dropping "patient," and new cut codeword before real cut.

I agree with this. The first rate cut won’t happen until later this year. They only 2% points to work with and they have to save their ammo for when the crap really starts hitting. We are still in Spring/Summer. Optimism is still in the air.


I see your confidence in a rate cut slipping away. And just like onlooker, when December 31st approachs, the sweat will begin over your ability to post. Three months will go by in no time. LOL
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby Armageddon » Sun 16 Jun 2019, 08:30:12

Cog wrote:
Armageddon wrote:Fed won't cut rates on June 19. Q2 growth forecast is 2.1%, close to 10-year average. Stocks still high. "Patient" does not mean "cut" it means pause. Last cut was Dec 2008; Fed needs to prep markets. Look for end of QT, dropping "patient," and new cut codeword before real cut.

I agree with this. The first rate cut won’t happen until later this year. They only 2% points to work with and they have to save their ammo for when the crap really starts hitting. We are still in Spring/Summer. Optimism is still in the air.


I see your confidence in a rate cut slipping away. And just like onlooker, when December 31st approachs, the sweat will begin over your ability to post. Three months will go by in no time. LOL



The market has already priced 3 cuts in. If they don’t get one this June, you’ll see a huge drop in the markets. The reaction will be similar to December.
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby shortonoil » Sun 16 Jun 2019, 10:53:05

Danielle DiMartino who worked for the FED and is tied in to many, many insiders told me to “buckle up” when I asked her about the economy and what’s coming.


I'm hearing the same thing from my friends who work for the FED. Both of them have been auditors for the FED for over 25 years. Both of them are leaving this year because they don't want to get caught in the maelstrom they see coming.
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby shortonoil » Sun 16 Jun 2019, 11:44:16

Waiting for the black swan.

https://www.peakprosperity.com/waiting- ... lack-swan/

Chris appears to have a basic understanding of what is transitioning. The world is in an energy crunch, and has been since about the year 2000. That is when world debt began to grow exponentially. Between 2000 and 2017 world debt increased by $187 trillion. Four times as much debt as had been accumulated in the previous 200 years. That debt began to grow at an incredibly rapid rate as oil's available energy began to fall.

World oil production will now begin to follow a declining world economy, and the living a debt party is about to end.

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

Unread postby Cog » Sun 16 Jun 2019, 13:46:50

shortonoil wrote:
Danielle DiMartino who worked for the FED and is tied in to many, many insiders told me to “buckle up” when I asked her about the economy and what’s coming.


I'm hearing the same thing from my friends who work for the FED. Both of them have been auditors for the FED for over 25 years. Both of them are leaving this year because they don't want to get caught in the maelstrom they see coming.


Do your fictitious friends at the Fed know that you Welch on bets?
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