Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

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 Armageddon » Tue 08 Oct 2019, 18:34:59

mousepad wrote:What I really find puzzling is that we have such low interest rates, yet there's barely any economic growth. Has that ever happened in the past?
Could there be some truth to it, that energy is the limiting factor?



And throw in these:

-Record govt debt
-Record corporate debt
-Record govt deficit
-Record student loan debt
-Record credit card debt

They’ll never raise rates again because servicing the debt would be impossible.

ZIRP, NIRP and QE to infinity is they can and will do.

Got gold and silver?
User avatar
Armageddon
Light Sweet Crude
Light Sweet Crude
 
Posts: 5425
Joined: Wed 13 Apr 2005, 02:00:00
Location: St.Louis, Mo

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

Unread postby Armageddon » Tue 08 Oct 2019, 18:52:46

Rate cuts and QE, gee, I wonder who’s been saying that all year?

More rate cuts are coming.
User avatar
Armageddon
Light Sweet Crude
Light Sweet Crude
 
Posts: 5425
Joined: Wed 13 Apr 2005, 02:00:00
Location: St.Louis, Mo

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

Unread postby Cog » Tue 08 Oct 2019, 20:49:14

Armageddon wrote:Rate cuts and QE, gee, I wonder who’s been saying that all year?

More rate cuts are coming.


You have also been forecasting a stock market crash all year. Where is it?
User avatar
Cog
Fusion
Fusion
 
Posts: 12861
Joined: Sat 17 May 2008, 02:00:00
Location: Northern Kekistan

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

Unread postby Armageddon » Tue 08 Oct 2019, 21:16:52

Cog wrote:
Armageddon wrote:Rate cuts and QE, gee, I wonder who’s been saying that all year?

More rate cuts are coming.


You have also been forecasting a stock market crash all year. Where is it?



I stay away from stock market predictions due to manipulation.
User avatar
Armageddon
Light Sweet Crude
Light Sweet Crude
 
Posts: 5425
Joined: Wed 13 Apr 2005, 02:00:00
Location: St.Louis, Mo

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

Unread postby Yoshua » Wed 09 Oct 2019, 03:25:26

It's different this time.

Q1 was launched at a market bottom. Q4 will be launched at a market top.
Yoshua
Heavy Crude
Heavy Crude
 
Posts: 1704
Joined: Sat 28 May 2016, 05:45:42

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

Unread postby shortonoil » Wed 09 Oct 2019, 07:39:21

Q1 was launched at a market bottom. Q4 will be launched at a market top.


Launching QE at the top of the market would make perfect sense if the FED was worried about the bottom, and not the top. Did the FED just look in their crystal ball, and see a black hole coming? Did they look in their rear view mirror, and see a repo market going? When they stand up in a crowded theater and scream FIRE, is anyone going to pay attention? Mr. Market has its red pills, and blue pills mixed up. The Market is a color blind Kamikaze pilot who picks up nickels in front of steam rollers. Unlimited greed can short out the brain!
User avatar
shortonoil
False ETP Prophet
False ETP Prophet
 
Posts: 6404
Joined: Thu 02 Dec 2004, 03:00:00
Location: VA USA

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

Unread postby Cog » Wed 09 Oct 2019, 09:00:41

Once more shorty proves he knows even less about the stock market than he does oil price.
User avatar
Cog
Fusion
Fusion
 
Posts: 12861
Joined: Sat 17 May 2008, 02:00:00
Location: Northern Kekistan

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

Unread postby rockdoc123 » Wed 09 Oct 2019, 09:44:36

Calling this QE4 is well over the top according to what Powell has said publicly:

https://www.cnbc.com/2019/10/08/powell- ... -soon.html

The Federal Reserve will soon start growing its balance sheet again, a response in part to the jolt to overnight lending markets in September, Chairman Jerome Powell said Tuesday


“This is not QE. In no sense is this QE,” he said in a question and answer session after the speech.


Fed officials have been contemplating the proper level of reserves to keep in the system. The cash level that banks store at the Fed has fallen to about $1.5 trillion from a peak of $2.8 trillion in September 2014 as the Fed has ended its liquidity programs. Three rounds of quantitative easing, or asset purchases, took the balance sheet to as high as $4.5 trillion before the Fed started allowing proceeds to roll off each month


“As we indicated in our March statement on balance sheet normalization, at some point, we will begin increasing our securities holdings to maintain an appropriate level of reserves,” he said. “That time is now upon us.”


While he did not specify how the Fed will proceed he was quick to draw one line — that this program should not be confused with the three rounds of QE, which were aggressive efforts to expand the balance sheet. Instead, this will be a more organic procedure that will follow operations similar to what the Fed conducted before the financial crisis of 2008.
User avatar
rockdoc123
Expert
Expert
 
Posts: 7323
Joined: Mon 16 May 2005, 02:00:00

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

Unread postby dirtyharry » Wed 09 Oct 2019, 10:39:42

Calling this QE4 is well over the top according to what Powell has said publicly:

Yes,you are correct ^Ever ask a prostitute if she is a virgin ^ . Of course they are all virgins . :-D
dirtyharry
Peat
Peat
 
Posts: 125
Joined: Fri 07 Apr 2017, 09:53:43

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

Unread postby shortonoil » Wed 09 Oct 2019, 10:41:06

While he did not specify how the Fed will proceed he was quick to draw one line — that this program should not be confused with the three rounds of QE, which were aggressive efforts to expand the balance sheet. Instead, this will be a more organic procedure that will follow operations similar to what the Fed conducted before the financial crisis of 2008.


Organic?? Dear Mr. Powell, you are not growing tomatoes, you are printing vapor ware for a bankrupt economy that is $331 trillion in debt. Next year will be more; a lot more.

So let's just cut through the Jabberwocky speak. We are screwed, and thanks a bunch. So shut up, and keep hitting that Crtl-P. Your complete destruction of the monetary system, and the economy can be taken up at your trial. Goldman will be there to testify on your behalf; seeing how they have benefited so significantly from your strip mining of the economy.


Image
User avatar
shortonoil
False ETP Prophet
False ETP Prophet
 
Posts: 6404
Joined: Thu 02 Dec 2004, 03:00:00
Location: VA USA

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

Unread postby rockdoc123 » Wed 09 Oct 2019, 10:56:22

Calling this QE4 is well over the top according to what Powell has said publicly:


Yes,you are correct ^Ever ask a prostitute if she is a virgin ^ . Of course they are all virgins . :-D


a somewhat stupid comment. The point that the Fed makes is that they are always working on the balance sheet to try to achieve a proper level. It got too low recently for a seasonal reason which has been explained so now they are gradually raising it. It is not the same as any of the quantitative easings simply because those were massive efforts to put huge resources quickly into the system. This is nothing like that at this point in time, which is Powells point. There is no need if you pay attention to the real economy versus the complete BS that short keeps trying to make you think is going on.

Ask him to explain why the debt is such a problem when the government has no problem with interest and other debt-related payments? The debt related payments make up less than 10% of the annual budget. To hear Short go on and on about it you would believe that it makes up 100% of the budget.
User avatar
rockdoc123
Expert
Expert
 
Posts: 7323
Joined: Mon 16 May 2005, 02:00:00

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

Unread postby Armageddon » Wed 09 Oct 2019, 13:41:29

'Ten minutes after Jay Powell insisted that the central bank restarting its Treasury purchases was in no way the same as the post-financial crisis policy of QE, one Wall St analyst sent out a note saying that the new strategy “sure sounds like QE”.'

Well duh. You’d have to be an idiot to think it’s not QE.
User avatar
Armageddon
Light Sweet Crude
Light Sweet Crude
 
Posts: 5425
Joined: Wed 13 Apr 2005, 02:00:00
Location: St.Louis, Mo

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

Unread postby Armageddon » Wed 09 Oct 2019, 13:53:00

More Black Swans Arrive As U.S. Debt Balloons $800 Billion In Two Months srsroccoreport.com/more-black-swa
User avatar
Armageddon
Light Sweet Crude
Light Sweet Crude
 
Posts: 5425
Joined: Wed 13 Apr 2005, 02:00:00
Location: St.Louis, Mo

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

Unread postby shortonoil » Wed 09 Oct 2019, 14:59:27

Well duh. You’d have to be an idiot to think it’s not QE.


If it looks like a duck, walks like a duck, and quacks like a duck; 99.999 chances out of 100 it's a duck! This is really bizarre that the FED is attempting to rename something that everyone already knows it for what it is. Is AOC complaining that QE is racists?

The next time the FED attempts to hide something in plain sight, they should first practice with a whale, the Statue of Liberty, or the World Trade Center. Guess they already tried that with the last one?

More Black Swans Arrive As U.S. Debt Balloons $800 Billion In Two Months srsroccoreport.com/more-black-swa


The debt is growing exponentially! That means faster and faster for those with limited mathematical abilities. That also means that anyone who believes that we are going to get out of this one; has rocks in their head; smokes excessive amounts of intoxicating substances, and does rain dances in the Atacama desert. They are fruit flies waiting for a fly swatter.
User avatar
shortonoil
False ETP Prophet
False ETP Prophet
 
Posts: 6404
Joined: Thu 02 Dec 2004, 03:00:00
Location: VA USA

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

Unread postby Outcast_Searcher » Wed 09 Oct 2019, 15:12:30

Armageddon wrote:'Ten minutes after Jay Powell insisted that the central bank restarting its Treasury purchases was in no way the same as the post-financial crisis policy of QE, one Wall St analyst sent out a note saying that the new strategy “sure sounds like QE”.'

Well duh. You’d have to be an idiot to think it’s not QE.

Of course, you being you, ignore scale. Ignore context. But spread FUD.

Right on schedule. Credibility of zero, as usual.

If you read balanced articles on his comments, they're doing a balancing act to address the liquidity issues re the banks. They drew down on liquidity too quickly, and are admitting that.

That's different than a whole new widescale expansion program, i.e. QE4.

But not of course, that I'd EVER expect you to be rational or honest in your "financial reporting", since you have endless FUD to sell.

Should I believe you and clowns like short or the Fed? Given the track records and the clear demonstrations of expertise, the choice isn't hard.

...

Of course, no matter WHAT anyone does re the economy, you cry and complain and claim end times are near. And of course, we're supposed to always believe your fairy tales. :roll:
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
User avatar
Outcast_Searcher
COB
COB
 
Posts: 7388
Joined: Sat 27 Jun 2009, 20:26:42

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

Unread postby shortonoil » Wed 09 Oct 2019, 18:36:00

Of course, you being you, ignore scale. Ignore context. But spread FUD.

Right on schedule. Credibility of zero, as usual.


Right on schedule. A completely half assed, vulgar, impolite comment.
At least you are consistent.

'Ten minutes after Jay Powell insisted that the central bank restarting its Treasury purchases was in no way the same as the post-financial crisis policy of QE, one Wall St analyst sent out a note saying that the new strategy “sure sounds like QE”.'

Well duh. You’d have to be an idiot to think it’s not QE.


And, you are exactly correct. Still haven't figured out why Powell wants to change the name of that specific process of the FED? QE must have picked up some bad connotations. The Chinese bailed on the negotiations, California turned off the power, the REITs got bashed, Repo is sucking up money like a sponge, and the market went up. The nice thing about QE is we know exactly where all the money goes - Wall Street.
User avatar
shortonoil
False ETP Prophet
False ETP Prophet
 
Posts: 6404
Joined: Thu 02 Dec 2004, 03:00:00
Location: VA USA

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

Unread postby shortonoil » Wed 09 Oct 2019, 19:42:19

Debt Market Suffering "Quiet Meltdown" As Billions In Loans Are Suddenly Crashing
https://www.zerohedge.com/markets/loan- ... y-crashing

Here comes the MBS equivalent to what started the 2008 crunch. Leveraged loans. The problem is that world debt has increased by $277 trillion since 2008. Repo, leveraged loans, and BBB bonds are symptoms of stress in the credit markets. The place the central banks have no control. This is going to upgrade 1929 to a year of wine and roses.
User avatar
shortonoil
False ETP Prophet
False ETP Prophet
 
Posts: 6404
Joined: Thu 02 Dec 2004, 03:00:00
Location: VA USA

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

Unread postby Yoshua » Thu 10 Oct 2019, 08:18:25

U.S job openings vs. S&P 500

https://pbs.twimg.com/media/EGcTM3MW4AI ... name=large

The U.S exists in a different dimension. The geniuses at the Fed, Wall Street and in DC have perhaps found a way to insulate the U.S economy from the world?

The Fed's new organic "not QE" is just brilliant. It is open ended. The Fed can print any amount on any day. The Fed can buy USD 50 B in treasuries today...nothing tomorrow... maybe USD 5 B the next day...

The global economy needs dollars...no wonder the Chinese want a currency accord with the U.S if that means a swap line between the PBOC and the Fed.
Yoshua
Heavy Crude
Heavy Crude
 
Posts: 1704
Joined: Sat 28 May 2016, 05:45:42

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

Unread postby shortonoil » Thu 10 Oct 2019, 11:11:32

The Fed's new organic "not QE" is just brilliant. It is open ended. The Fed can print any amount on any day. The Fed can buy USD 50 B in treasuries today...nothing tomorrow... maybe USD 5 B the next day...


If anyone thinks this is going to fix anything they have developed a bad case of fur balls. Cough, cough. The CB have already printed up enough extra fiat to bury Mount Everest, and it has all just vanished! The central banks are attempting to fight a debt avalanche with a Crtl-P key, and a couple of Hail Mary’s. All we got for it was WeWork, Uber, planes that fly down better than they fly up, and a couple of T-shirts with a Bad Idea printed on them! So they are going to do the same thing again that hasn't worked for the last 10 years. The inmates have definitely taking over the asylum, and they are doing it "organically".

This is looking more, and more like a "going out of business sale" every day.
User avatar
shortonoil
False ETP Prophet
False ETP Prophet
 
Posts: 6404
Joined: Thu 02 Dec 2004, 03:00:00
Location: VA USA

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

Unread postby StarvingLion » Thu 10 Oct 2019, 11:55:50

"going out of business sale"


And lets start with the Nuclear Reactors in Europe. They will soon all be on fire.

Its my greatest prediction ever.

EDF adds further €1.5bn to Flamanville nuclear
plant costs

Financial Times·1 day ago
EDF Cost Overrun at French Plant Piles Pressure
on Nuclear Giant

Bloomberg·1 day ago
EDF nuclear power generation fell 8.6% in
September
Cog's brain was in a jar left open and maggots ate it.
StarvingLion
Heavy Crude
Heavy Crude
 
Posts: 1490
Joined: Sat 03 Aug 2013, 17:59:17

PreviousNext

Return to Economics & Finance

Who is online

Users browsing this forum: No registered users and 17 guests