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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 Armageddon » Sun 16 Jun 2019, 14:06:45

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.




Stevie Wonder can see this thing coming
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby asg70 » Sun 16 Jun 2019, 14:15:06

shortonoil wrote:Waiting for the black swan.
https://www.peakprosperity.com/waiting- ... lack-swan/


Another worthless appeal to authority from a perma-doomer.

This merry-go-round never ends.
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby Armageddon » Sun 16 Jun 2019, 18:35:10

Global semiconductor sales -23% from peak.

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

Unread postby Armageddon » Sun 16 Jun 2019, 19:24:39

May car sales in #China down 16.4%, the 11th straight month of decline and the worst-ever monthly drop:

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

Unread postby shortonoil » Mon 17 Jun 2019, 07:07:35

Another worthless appeal to authority from a perma-doomer.


The BDSS* are going to have to do better than that to convince people that it's all a chocolate covered sundae with a cherry on top. The book stores are packed because people are sick and tired of the propagandized, sales venue the internet has become. A "Fahrenheit 451" approach may be your best method to completely controlling the populations mind. It would be nice to get this nasty, manipulative ilk out in streets where the rest of us can get a clear shot at them.

Stevie Wonder can see this thing coming


It looks like one big Minsky Moment in the making, and you don't need 20/20 vision to see it coming. After asset values have fallen by 50% everyone will begin to realize that it has been nothing but one big scam.

*Brain Dead Serial Spammers
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby Armageddon » Mon 17 Jun 2019, 07:47:49

Dollar, Bond Yields Tumble As Empire Manufacturing Survey Crashes

Against expectations of a small drop to 11.0, Empire State Manufacturing Survey collapsed - by the most on record - from +17.8 to -8.6 in June. This is the first negative print since Oct 2016.


Yikes


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

Unread postby Armageddon » Mon 17 Jun 2019, 09:47:40

Homebuilder Sentiment Slips For First Time In 2019
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby Armageddon » Mon 17 Jun 2019, 09:57:53

Singapore Exports -15.90% YoY
Electronics exports -31.40% YoY biggest drop since September 2001


The entire globe is collapsing
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby shortonoil » Mon 17 Jun 2019, 12:36:26

The entire globe is collapsing


And on that note: a lot of people are agreeing with you.

If Morgan Stanley Is Right, The World Is Now In A Recession

Decelerations and disappointments are mounting:

Cass Freight Index
Retailer earnings
Durable goods orders
Capital spending
PMIs
May payrolls
Semiconductor inventories
Oil demand
Restaurant performance indices...


Image

One can ignore risk, but risk is not going to ignore you. The end to the oil age, and all that entails is no more than a decade away. First comes the recession, and then the depression and no one living today will see the end of it. Got gold?

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

Unread postby Armageddon » Mon 17 Jun 2019, 12:46:14

TURKEY HOME SALES FALL 31.3% Y/Y IN MAY
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby shortonoil » Mon 17 Jun 2019, 14:35:17

TURKEY HOME SALES FALL 31.3% Y/Y IN MAY


The advantage of living under a camel is warm running water.

Most of this collapse we will never hear a word about. The situation is much worse than we are being told.
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby asg70 » Mon 17 Jun 2019, 15:55:18

Armageddon wrote:TURKEY HOME SALES FALL 31.3% Y/Y IN MAY


Gosh, how WILL the world survive such catastrophic news. Someone fetch some smelling salts because I'm about to faint!

Image

(the cherry-picking is REAL in this thread)

shortonoil wrote:Most of this collapse we will never hear a word about.


Because it doesn't exist outside of you and Armageddon's collective imagination.
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby Armageddon » Mon 17 Jun 2019, 15:58:29

asg70 wrote:
Armageddon wrote:TURKEY HOME SALES FALL 31.3% Y/Y IN MAY


Gosh, how WILL the world survive such catastrophic news. Someone fetch some smelling salts because I'm about to faint!

Image

(the cherry-picking is REAL in this thread)




Keep following along and you’ll see the final picture. I know it’s tough for you, but try really hard.
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby asg70 » Mon 17 Jun 2019, 16:03:43

Armageddon wrote:Keep following along and you’ll see the final picture.


Oh, don't get me wrong. Doom IS the final picture, thanks to limits to growth at the macro level. I just take issue with those who try to spin end is nigh narratives by clinging to any and every possible overnight black-swan.
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby Armageddon » Mon 17 Jun 2019, 18:06:59

asg70 wrote:
Armageddon wrote:Keep following along and you’ll see the final picture.


Oh, don't get me wrong. Doom IS the final picture, thanks to limits to growth at the macro level. I just take issue with those who try to spin end is nigh narratives by clinging to any and every possible overnight black-swan.




Ive been following PO and the economy closely since 2005, and ive seen seen anything like this before. 2008 was the opening act. What’s coming is going to dwarf 2008.
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby Armageddon » Mon 17 Jun 2019, 18:19:25

China employment PMI now at its lowest level since the global financial crisis.

Economic conditions deteriorating as political unrest is heating up.

China’s debt problems are starting to boil over.

Twitter


It’s unreal what’s happening.
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby Armageddon » Mon 17 Jun 2019, 18:27:45

Fed may cut rates near zero if U.S.-China trade worsens: Morgan Stanley reuters.com/article/us-usa…

Zirp and nirp coming
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby GHung » Mon 17 Jun 2019, 18:56:36

Armageddon wrote:Fed may cut rates near zero if U.S.-China trade worsens: Morgan Stanley reuters.com/article/us-usa…

Zirp and nirp coming


The Fed has to cut rates eventually regardless of how the economy is doing, considering Trump's tax cuts, interest on the debt, and the government's need to keep borrowing. That math is pretty simple, especially since they have to keep people spending. The alternative looks pretty oogly.
Blessed are the Meek, for they shall inherit nothing but their Souls. - Anonymous Ghung Person
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby rockdoc123 » Mon 17 Jun 2019, 19:10:58

Ive been following PO and the economy closely since 2005, and ive seen seen anything like this before. 2008 was the opening act. What’s coming is going to dwarf 2008.


and throughout the long recovery you kept calling for another recession. No matter that the economy came back after 2009 and continued to rise until where it is now, in 2011 you were adamant that collapse was imminent and here we are 8 years later....nada.

As I have said numerous times a broken clock is right twice a day, eventually another recession will happen and you will jump and down and say I told you so. :roll:
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Re: Stock Market Crash! (merged) Pt. 7

Unread postby Armageddon » Mon 17 Jun 2019, 19:38:39

rockdoc123 wrote:
Ive been following PO and the economy closely since 2005, and ive seen seen anything like this before. 2008 was the opening act. What’s coming is going to dwarf 2008.


and throughout the long recovery you kept calling for another recession. No matter that the economy came back after 2009 and continued to rise until where it is now, in 2011 you were adamant that collapse was imminent and here we are 8 years later....nada.

As I have said numerous times a broken clock is right twice a day, eventually another recession will happen and you will jump and down and say I told you so. :roll:




Trillions of govt spending, 0% interest rates for a decade, bailouts, buyouts, QE 1,2,3 etc stopped the crash. Next question.
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