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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 StarvingLion » Tue 15 Oct 2019, 11:29:03

H&R Block, Inc., or H&R Block, is an American tax preparation company

It must be doing great as HRB stock has falled from $30 to $23 in just a few months. Taxes, whats that?

The Procter & Gamble Company is an American multinational consumer goods corporation
The Hershey Company, commonly called Hershey's or Hershey, is an American company and one of the largest chocolate manufacturers in the world.

Look out BELOW!!!! PG and HSY have been tanking in the past 5 days. The conthumer dinks are broke.

Conagra Brands, Inc. is an American packaged foods company

This piece of shat called CAG has been tanking off and on for the past year. The shitheads can only afford lawn clippings now.

The worthless junk currency is FAILING....
Last edited by StarvingLion on Tue 15 Oct 2019, 11:54:18, edited 2 times in total.
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby StarvingLion » Tue 15 Oct 2019, 11:40:44

Bankrupt Canada: "We're open for business"

Translation: Oil Sands can't fund itself. Suncor stock has been in tank mode the past year.

Athabasca Oil Sands Corporation is a Canadian energy company with a focused strategy on the development of thermal and light oil assets.

Stock Price: $.50 ....LOL.

Soon, Cog will be calling them Commianada.
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby StarvingLion » Tue 15 Oct 2019, 11:57:55

The four largest banks in the world are all chicom. Without that, Cog's junk stock markit would have collapsed decades ago.

In other words, Cog is so stupid he doesn't even realize hes a COMMIE by default.

New TV Sitcom...Collapsing with Comrade Cog....

Thats where Cog spends the whole half hour screaming "I'm not a COMMIE" and the costars respond "Oh Cog, don't be so silly. Of course you are"

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

Unread postby Outcast_Searcher » Tue 15 Oct 2019, 13:35:33

shortonoil wrote:Not Transitory - Fed Liquidity Handout Surges To Near $90 Billion
So much for the 'transitory' liquidity shortage arguments put forth by commission-takers and asset-gatherers, The NYFed accepted $87.7 billion (in o/n and term) repo today - the highest level yet.

https://www.zerohedge.com/markets/not-t ... 90-billion

The situation is deteriorating rapidly.


1). If it's such a problem, why NO RATE SPIKE?

https://apps.newyorkfed.org/markets/aut ... 01/01/2000

2). If it's such a problem, why are the global stock markets un-crashing today, many up over a percent?

...

Why not get a life instead of constantly babbling the equivalent of barking at clouds, at every negative number you can find, even as your posts show very little understanding of economics or perspective?

OTOH, when you're wrong wrong wrong, for years on end, why not babble more? It's not like you have a shred of credibity to protect.

How's that debt payment coming? How's that ETP MAP coming? :roll:

...

If there's a "problem", it might be housing prices rising due to high mortgage demand from low interest rates, which implies housing price problems when rates return to normal, especially if that return isn't gradual.

https://www.cnbc.com/2019/10/15/lower-m ... rtage.html

But of course, if all you do is try to cherry pick "scary" numbers, common sense (implying a bit of economic understanding) needn't enter into it. :idea:

Plus, discussing any even potentially positive signs of economic strength would go against the "message of swift, certain doom", and we can't have that! 8)
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. 10

Unread postby Armageddon » Tue 15 Oct 2019, 22:27:44

Huge $190.2B Bank Bailout Today with No Signs of Stopping!!


https://m.youtube.com/watch?v=QhGBZ8E3Wbk
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby shortonoil » Wed 16 Oct 2019, 08:32:32

Huge $190.2B Bank Bailout Today with No Signs of Stopping!!


When the banks go broke, it sort of follows that so is everyone else.At this rate the world should be in complete melt down sometime this coming year.

Panic Behind The Scenes: China's Capital Outflows Are Soaring

... as Beijing runs the risk of an out-of-control capital flight should it push too hard to stimulate the local economy at the expense of another sharp devaluation in the yuan. In short, whereas the official data does not show it, reading between the lines suggests that the global economy may be on the verge of collapse.

https://www.zerohedge.com/geopolitical/ ... re-soaring

Exponentially exploding debt, falling interest rates, falling velocity of money, and the decline of petroleum add up to collapse. The world had other options; it didn't want to take them. It just kept pumping on the same resource until nothing but the dredges remained. It is now facing a perpetual depression. The problem is about to be moved from somebody else, to everyone. Hunger is the ultimate reality check.
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby StarvingLion » Wed 16 Oct 2019, 11:47:48

Obituary: BANKING
Born 2000 BC
Death October 15, 2019

Cause of Death: Mathematicism, NeoClassical Economics, Ponzi, Interest Rate Mangling, ICE Dissing, QE1-...
https://en.wikipedia.org/wiki/Mathematicism

Image

Typical Bank in 2025
Image

Their Hero Charles Ponzi
Image

Economy in 2025

Image

A Photo of Cog in 2025

Image
Last edited by StarvingLion on Wed 16 Oct 2019, 12:56:51, edited 1 time in total.
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby StarvingLion » Wed 16 Oct 2019, 12:13:32

The "Evil""Genius" has come to us bearing gifts...

A.I. , Cryptocurrency, and Junk Economics

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

Unread postby StarvingLion » Wed 16 Oct 2019, 12:22:55

LOOK AT THE WORTHLESS JUNK CURRENCY COLLAPSE. The Money Printing will never stop. The 5000 Worse-than-Stalingrads are guaranteed. The way way way worse than Depression will never end and get worse every year. This whole bankrupt shitfest is IMPLODING. Y'all will be praying in front of the Internal Combustion Engine...ADMIT IT, ITS YOUR MAKER...no dying required.

Hahahahaahahahahahaha...OMG I'm going to the local bank right now and say...

"You fucking worthless ho's aren't worthy of a cheap whorehouse. The operational definition of money no longer exists, your shit education couldn't buy a drop of oil, and you're nothing but a bunch of coin clipping ponzi money printing sluts."... with the music blarin in their faces...

Money for nothin' and chicks for free
Money for nothin' chicks for free
Money for nothin' chicks for free
Money for nothin' chicks for free
Money for nothin' chicks for free
Money for nothin' chicks for free


I wonder what will happen.
Last edited by StarvingLion on Wed 16 Oct 2019, 12:55:47, edited 1 time in total.
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby StarvingLion » Wed 16 Oct 2019, 12:40:22

XOM and EOG are still dropping like a rock even with MASSIVE MONEY PRINTING propping up the "price" of oil

You people got problems.

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

Unread postby Yoshua » Wed 16 Oct 2019, 13:08:58

JPowell: This is definitely not QE.

I guess he was telling the truth. Oil, commodity and equity prices aren't rising.
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby StarvingLion » Wed 16 Oct 2019, 13:12:40

Nuclear Energy in America is NOW OFFICIALLY DEAD.

Exelon Nuclear electric power generation company is an American Fortune 100 energy company headquartered in Chicago, Illinois

EXC stock is collapsing so astoundingly fast...they're getting out of DODGE because the POWER IS GOING OFF IMMEDIATELY. See the problem basically is...Commicago is a lot like Commifornia....BANKRUPT.

Your Illinois News Radar » Exelon Utilities CEO
retires “effective immediately”
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby Yoshua » Wed 16 Oct 2019, 13:26:10

So it was JP Morgan who decided to pull the plug.

https://pbs.twimg.com/media/EG8sMieXUAA ... me=900x900
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby Yoshua » Wed 16 Oct 2019, 13:41:47

JP Morgan: Gold is money, everything else is credit.

But that was long time ago "when gold was money and men had dicks".
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby Outcast_Searcher » Wed 16 Oct 2019, 15:41:58

shortonoil wrote:
Huge $190.2B Bank Bailout Today with No Signs of Stopping!!


When the banks go broke, it sort of follows that so is everyone else.At this rate the world should be in complete melt down sometime this coming year.

Panic Behind The Scenes: China's Capital Outflows Are Soaring


Too bad facts and logic constantly escape the fast crash economic hysteria crowd.

The source was a clown on youtube.

Funny how I couldn't find anything on big bank bailouts re the MSM via a google search.

Well, a little looking and:

This isn't a "bank bailout". This is the $87 billion Repo operation from yesterday. Which the clown on Youtube rounded up to $90 billion, and then "accidentally" titled it as $190 billion. A fact he corrected in the first minute of the video.

So naturally, the clueless armageddon runs with that as though it's fact and calls it a bank bailout. And naturally, you swallow it hook, line, and sinker.

...

Too bad ideas like facts, data, logic, credibility, etc. never penetrate your tiny mind.

Ad I pointed out yesterday (and the doomers ignored, as usual), if there were an actual problem:

Why no reaction in the markets? Why was the stock market UN-crashing yesterday with such "terrible" news? Why was there NO rate spike in the repo market?

https://apps.newyorkfed.org/markets/autorates/sofr

Nothing meaningful to do with your life, like obtain the first clue or pay your debt?
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. 10

Unread postby GHung » Wed 16 Oct 2019, 16:47:50

Right, O_S. The Fed said on Sept. 24ish that it would extend its repo "liquidity adjustment operation" to Oct. 4th. It then decided it would extend it into November (now stated until Nov. 4th):
https://www.reuters.com/article/us-usa- ... SKBN1WJ29L

So let us all be unconcerned that the MSM hasn't made loud noises about this, while giving us wall-to-wall coverage of Trump's daily meltdowns. Besides, what's another $trillion here or there, eh? After all, this has only been going on for around 3 months.
Whistling past the graveyard, are we? Who understands a "liquidity crisis" anyway?

Fed Confirms That Federal Borrowing a Cause of Liquidity Crisis

Robert Kaplan, the president of the Federal Reserve Bank of Dallas, has confirmed that the surge in U.S. government borrowing in September 2019 was a primary cause of the liquidity crisis affecting the nation’s money markets. Reuters reports that revelation from Kaplan’s speech on Friday, October 11, to the Commonwealth Club of San Francisco:
https://blog.independent.org/2019/10/14 ... ty-crisis/
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby Armageddon » Wed 16 Oct 2019, 17:21:45

US retail sales September 2019: “Last month's drop & August's unrevised gain in core retail sales likely suggest a much more significant slowdown in Q3 consumer spending than economists had been anticipating after a surge in Q2” I wonder how Fed spins this
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby Cog » Wed 16 Oct 2019, 19:02:19

Guess we will have wait until tomorrow
for the much promised stock market crash. Or next year or the year after that. LOL
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby Armageddon » Wed 16 Oct 2019, 19:28:14

It’s playing out just like I said

-rate cuts
-massive QE
-GDP slowing

The stock markets actually love rate cuts and QE......until they don’t
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby Armageddon » Wed 16 Oct 2019, 21:18:42

Over 7 million Americans are at least 90 days late on their auto loans according to NY Fed

That’s because they are so desperate, they give loans to anybody with a pulse.
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