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Stock Market Crash! (merged) Pt. 10

Discussions about the economic and financial ramifications of PEAK OIL

Re: Stock Market Crash! (merged) Pt. 10

Unread postby shortonoil » Tue 01 Oct 2019, 13:52:31

DEUTSCHE: “ISM at 47.8 is bad but new export orders at 41 is even worse, see chart below. There is no end in sight to this slowdown, the recession risk is real.”


The last time it took them almost 8 months to call the recession after it had started. The present recession is already here. Recessions are like Peak Oil, they show up in the rear view mirror. This will be a recession from which we will never recover; the energy is not available to power a recovery. Anyway, the only thing to be done is to watch the wheels fall off. There won't be much comment allowed on the situation until after the election is over. It may be more than a year before things get so bad that the futility of the central banks actions becomes generally recognized. There are solutions to the problem but they are antithetic to the moneyed elite. A few billion may die before they are used.
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby Armageddon » Tue 01 Oct 2019, 14:56:16

shortonoil wrote:
DEUTSCHE: “ISM at 47.8 is bad but new export orders at 41 is even worse, see chart below. There is no end in sight to this slowdown, the recession risk is real.”


The last time it took them almost 8 months to call the recession after it had started. The present recession is already here. Recessions are like Peak Oil, they show up in the rear view mirror. This will be a recession from which we will never recover; the energy is not available to power a recovery. Anyway, the only thing to be done is to watch the wheels fall off. There won't be much comment allowed on the situation until after the election is over. It may be more than a year before things get so bad that the futility of the central banks actions becomes generally recognized. There are solutions to the problem but they are antithetic to the moneyed elite. A few billion may die before they are used.




I think they can keep GDP above 0% for a few more quarters if they start cutting rates more aggressively. But can you imagine have 0% interest rates and 0% GDP at the same time? That’s where we are headed. Can you say uncharted waters?
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby Armageddon » Tue 01 Oct 2019, 15:29:28

Grim Start to U.S. Auto Sales Stirs Alarm That Collapse Is Here

https://www.investing.com/news/stock-ma ... re-1990370
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby shortonoil » Tue 01 Oct 2019, 15:51:16

Can you say uncharted waters?


I can also say monetary collapse. The FED can buy enough bonds to prevent the US from folding up like an old, wet cardboard box. They can not buy enough to prevent that from happening to the rest of the world.

0% GDP, and 0% interest rates means economically crippling shortages of dollars. Every economy in the world needs them to expedite trade. Every bank needs US Treasuries to provide as collateral on their loans. The FED is going to be buying every last one of them. It is the same problem that the ECB has run into.

When the banks start going out of business; you are broke.
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby Armageddon » Tue 01 Oct 2019, 18:50:31

.@Honda U.S. Sept. sales: -14.1%
#Honda: -13.7%
#Acura: -17.9%
#VW: -12%
.@Toyota U.S. sales in Sept.: -16.5%
#Toyota: -15.5%
#Lexus: -23.3%

Wow, buckle up son
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby Armageddon » Tue 01 Oct 2019, 19:41:31

I think this shitstorm is picking up steam. A few aggressive rate cuts should be coming. Probably see a 1/2 pt cut at next meeting.
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby Yoshua » Tue 01 Oct 2019, 23:58:56

"This is what “Peak Oil” really looks like. Too little demand for all fuels at once. Too few buyers of energy products, like cars and smart phones." Gail Tverberg
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby shortonoil » Wed 02 Oct 2019, 07:55:58

"This is what “Peak Oil” really looks like. Too little demand for all fuels at once. Too few buyers of energy products, like cars and smart phones."


We said back in March that Peak was upon us. It is here. The evidence is all over the place. The energy equations tell us that it is here, the debt accumulation tells us the same. The world wide unwind in the economy is telling us that things are breaking down. Energy producers that are not, and can not replace the reserves that they are using guarantees it. We had better start taking it seriously, or learn how to find our way back to the cave in the dark! Ignoring it is childish, suicidal, and stupid.
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby StarvingLion » Wed 02 Oct 2019, 11:21:20

October 2019 Upcoming Events:

Japan: Failed State (Worshipped Junk Modern Money Theory, No Natural Resources). They can't afford to sell Battery Cars. Can't sell ICE cars.

November 2019 Upcoming Events:

Britain: Failed State (Worshipped NeoClassical Junk Economics, No Natural Resources)

December 2019 Upcoming Events:

France: Failed State (Worshipped Nuclear Junk and Mathematical Masturbating, Shale Gas underneath Paris)

We are only 6 months from Frances Massive Nuclear Meltdown.
Last edited by StarvingLion on Wed 02 Oct 2019, 11:37:30, edited 2 times in total.
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby StarvingLion » Wed 02 Oct 2019, 11:30:58

Cog, everything is in TOTAL COLLAPSE MODE today. Lockheed Martin and Boeing are being crushed.

The Age of The Jet Engine is over unless TOTAL STEALTH and 1/4 Jet Fuel Consumption is ready in 3 months.

Cog, I was escorted out of the local Ford Dealership yesterday for offering $10K Cash for a F-350 Diesel that retails for $60K.

I told The Hottie at the front desk, "You'll be working the street doing trix instead of clicking gizmos very very soon...Hahahahaha"

Ford will soon be calling and begging me to buy it for 5K. The stock is down 5% today.
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby Yoshua » Wed 02 Oct 2019, 11:46:56

"Hong Kong retail sales tumbled 23% y/y to HK$29.4 bn, according to Census and Statistics Department.

That's THE BIGGEST ONE-MONTH DROP ON RECORD, even worse than the drop in Sept 1998 during the Asian Financial Crisis." Yuan Talks

Protests, civil unrest and riots are probably not good for business?

There are riots in Iraq again...2 dead and 300 injured.
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby StarvingLion » Wed 02 Oct 2019, 12:32:20

The AIRLINES ARE TOTALLY COLLAPSING...THE JET ENGINE IS DEAD...North Ghawar is TANKING TANKING TANKING

Delta Airlines: Down 6%
UAL: Down 5%

The "RICH" PEOPLE ARE BANKRUPT

Capri Holdings Limited is a multinational fashion holding company, incorporated in the British Virgin Islands, with principal executive offices in London and operational headquarters in New York. It was started in 1981 by American designer Michael Kors

Capri Holdings Stock has gone from $70 to $30 in just 1 year.


Kohl's is an American department store retail chain, operated by Kohl's Corporation. With 1,158 locations, it is the largest department store chain in the United States as of February 2013.

Kohl stock KSS has gone from $82 to $46 in just 1 year.

BREAKING NEWS UPDATE: MORE TARIFFS ON THE WAY.....

OMG you people will all soon be riding OXCARTS...hahahahahhahaha.
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby Sinclarsorus » Wed 02 Oct 2019, 12:50:01

Lots of high end stores in Los Vegas are closed as well, somethings going on.

Retail really got hit hard since 2008, even though internet sales only took away about 15 percent of sales so far, you wonder what happened to the other 85 percent. Looks like many malls will be shutting down even after so many being shuttered already. Probably everybody is strapped paying for housing and auto payments, not much left over for retail I guess. Lump in baby boomers retiring on top of that, they are pretty much done spending like in the 1980's etc.

So many office jobs have been eliminated in the last 30 years, dress cloths have to be at a all time low and lump in work at home type jobs, you don't even need to get out of pajamas etc. Sign of the times.
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby StarvingLion » Wed 02 Oct 2019, 13:01:12

The CRIMS are all on planes headed to New Zealand. They can run but they can't hide. My Nuclear Powered Cruise Missile is just about ready and its programmed for the CRIM HIGH COMMANDS. Better keep a hat on for all the radioactive dust...hahahahaha.

https://www.marketwatch.com/story/compa ... latestnews

Companies and insiders are dumping stock, while share repurchases sink

Share offerings ‘skyrocket’ to multi-year high and insiders are unloading, while corporate buying falls to 2-year low
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby StarvingLion » Wed 02 Oct 2019, 13:18:03

More EV BULLSHIT to save us. They're bankrupt. What will Cog the Chickenshit do now?

https://investorplace.com/2019/10/next- ... ord-stock/

Over the next two years, Ford (NYSE:F) will be in a do-or-die situation. During this period, the company will be aggressively launching new models with a focus on electric vehicles. The stock has remained sideways for the last year as market participants wait to see the impact of the company’s transformation

Ford is betting big on China’s EV industry, and I expect revenue growth as 10-12 electric vehicle models are launched in the next 24 months.

Fiat Chrysler workers go on strike in Italy after plant worker dies

https://www.freep.com › story › money › cars › chrysler › 2019/10/01 › fi...

1 day ago - ROME — A Fiat Chrysler Automobiles worker died overnight in an accident at the group's facility in Cassino, in central Italy, prompting unions to ...
Last edited by StarvingLion on Wed 02 Oct 2019, 13:31:31, edited 1 time in total.
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby StarvingLion » Wed 02 Oct 2019, 13:27:52

Where are Cog and Mr. DependsGarment (outcast)?? They can't handle the doom, thats it you know.

Cog, do you need some FIAT Toilet Paper to wipe off all the poop you fling?

The British pound has been extremely volatile in the past 24 hours. The UK needs to present an acceptable plan to the European Union by October 17 or ask for an extension by October 19

British Pound on the Defensive as Johnson's "Final Offer" Gets ...

https://www.poundsterlinglive.com › gbp-live-today › 12140-pound-to-eu...

6 hours ago - The British Pound is expected to endure a day of volatility after a national newspaper claims to have seen Prime Minister Boris Johnson's new ...
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby Yoshua » Wed 02 Oct 2019, 14:33:33

"Iraq has declared state of emergency amind protests spreading across the country."

There are massive protests in Iraq against poverty, corruption, unemployment...
Someone said that it is the Sunnis that are protesting against the Shia rule and Iran. A sectarian, ethnic conflict could turn out to be very violent.
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby shortonoil » Wed 02 Oct 2019, 14:54:43

There is a lot of attempted explanations as to why the Repo market froze up? Although some of the articles are pretty good, they smell more of cover your ass comments than explanations. There was one big liquidity shortage for three days that almost froze the credit markets, and no one knows why? Over the same three days world debt increased by $450 billion. The FED is having difficulty compensating for the liquidity destruction produced by the rising debt. The situation will continue to deteriorate!
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby Armageddon » Wed 02 Oct 2019, 16:29:38

The stock market is now off to its worst quarterly start since 2008. Q4 of 2018 was the worst 4th quarter since the Great Depression, but even that quarter didn't start off this badly. Given that the Fed is out of ammo, how will it keep the house of cards from toppling this time?

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Re: Stock Market Crash! (merged) Pt. 10

Unread postby shortonoil » Wed 02 Oct 2019, 18:02:13

Fed is out of ammo, how will it keep the house of cards from toppling this time?


With $331 trillion in debt; how much good quality collateral can there be remaining? Someone is going to figure out it is all backed by Green Stamps, and Confederate currency!
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