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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 » Sun 27 Oct 2019, 13:57:03

"Subprime auto loans blow up...60-day delinquency rate surged to 5.93% in August, substantially higher than during the peak of the Financial Crisis at 5.04% in January 2009"


The world's yearly per capita share of the FED's injections is $59,500. If the economy was actually getting $120 billion a day, subprime auto would not now be melting down. Everyone would be driving a new Mercedes. The money they are printing is as phony as the central banks who are issuing it. We are living in a Potemkim village; all pretty exterior with nothing behind it. The mirage will continues to appear until the first little breeze comes along. Then it will all vanish before our eyes!

The central banks will continue to print to keep their associated banks from collapsing. Deutsche Bank is four times the size of Lehman before it folded; and Lehman almost broke the FED, and the world's other central banks when they bailed out the failing banking sector. They will print until there is no more future collateral for sale to pull forward into the present. They will print until the credit markets are destroyed because they can't bail out an insolvent economy. They will print until the spread has become so thin that no one can afford to loan money. That is no more than 75 bps away; a mere two years; the last criisis will be showing up when the next repo like event appears! That will be a tsunami that will roll over the entire world because we were foolish enough, and greedy enough to connect everything all together.

The isolationism that is so feared by Wall Street will be the only remaining means of survival. We put all of our eggs in one basket, and the bottom has fallen out of the basket. The oil age is over! The multinationals will be eating their own young, and globalism will perish in its own sea of hubris. The face of the world will be changed forever!

Are you ready?
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby Cog » Sun 27 Oct 2019, 14:20:59

As outcast searcher has pointed out, shorty just makes up numbers on the fly. Never cites a source. He is simply a bullshit artist. Did I mention he welches on bets?
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby shortonoil » Mon 28 Oct 2019, 07:46:48

As outcast searcher has pointed out, shorty just makes up numbers on the fly.


Don't worry about it. They will soon be coming to take the money. Debt is not a problem for those who intend to have someone else pay for it. Heil Hitler! That some else is you. If you can't pay the bill, there is always the camps.

https://www.zerohedge.com/geopolitical/ ... orld-order
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby shortonoil » Mon 28 Oct 2019, 09:33:01

Why the sudden burst of money printing when we are being told the economy is fine? Pento says the Fed is panicking to stop a “depression.”


household debt is at a record high. Corporate debt is at a record high, up 60%. The national debt was $9 trillion prior to the Great Recession and is now $23 trillion. Total non-financial debt is now $53 trillion, and it was $33 trillion prior to the Great Recession.
. . .

Pento predicts the debt bubble will implode at some point, and it will be felt everywhere on the planet.

https://usawatchdog.com/fed-panics-star ... ael-pento/

$341 trillion in debt just might be enough to blow the top off of this fiasco. If it isn't we can wait until next year when the debt will be $390 trillion. But the FED should be running low on collateral in the coming year, then the dollar will collapse, and the world will go with it. Then again the Martians might start delivering high quality oil?

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

Unread postby Sys1 » Mon 28 Oct 2019, 11:33:41

What would happen if every countries decide to reset debt to 0?
Finally, I don't see why we should pay debt since debt is money printed out of nowhere, especially since it's anyway impossible to pay back.
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby Yonnipun » Mon 28 Oct 2019, 11:59:46

money printed out of nowhere


Imagine you print yourself money and buy stuff with it. Simple robbery.
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby shortonoil » Mon 28 Oct 2019, 12:45:09

What would happen if every countries decide to reset debt to 0?


Who holds the debt? Is it the gas station down the street, or the local pharmacy? So they negate the debt, issue a new BIS sponsored, IMF executed crypto, pull all the physical cash (like they have been talking about for years) and then they have a nice obedient slave population. They can tell anyone where to spend their money, when, and how much of their money they can spend. It will be banker heaven. Once this blows the suckers will be begging for their salvation. $341 trillion in debt didn't happen by accident!

It is the end of the oil age, and wealth is going to get pretty rare for the unconnected.
https://usawatchdog.com/fed-panics-star ... ael-pento/
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby shortonoil » Mon 28 Oct 2019, 12:54:29

Want that pizza? It's not healthy for you. Your social credits do not allow it. "Your card has exceeded IMF funding parameters". China already has something pretty close to it, and Li has intentions of getting rid of all the cash. India is almost there. The US has already gotten rid of the $1000 bill, the $500, and the $100 is next on the list.
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby Outcast_Searcher » Mon 28 Oct 2019, 13:00:22

shortonoil wrote:Want that pizza? It's not healthy for you. Your social credits do not allow it. "Your card has exceeded IMF funding parameters". China already has something pretty close to it, and Li has intentions of getting rid of all the cash. India is almost there. The US has already gotten rid of the $1000 bill, the $500, and the $100 is next on the list.

Technology changes. Ooooooh scary!

Ever heard of counterfeiting? We're practically at the level of a cashless society now. At my bank, tellers are going away and there's a fancy ATM instead. As long as there aren't meaningful lines, why should I care?

LED light bulbs are reaching cost parity with incandescants if you shop. And they are 7.5X as efficient. And they last MANY times longer on average. Should we be scared of them too? My lamps certainly aren't.

With socialized medicine, why shouldn't costs be higher for those who live extremely unhealthy lifestyles? IMO, that's as it should be. It certainly is a social decision, and not a sign of doom.

But even you and your constant FUDstering know that.
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 Outcast_Searcher » Mon 28 Oct 2019, 13:05:04

Meanwhile in the real world, returning to the thread topic. I'm seeing various articles today about how the US market (S&P 500) has hit new highs. (Nasdaq only got within .1% of new high thus far).

If the fast crash doomers can't crow about the thread topic, it's FUD spreading on any "negative" item they can find. How convincing. :roll:
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 » Mon 28 Oct 2019, 15:17:48

The Nations debt now 2.2 times from 2008 $23 Trillions the external total US debt is $75 Trillions #GDP debt ratio is _-107% #fed has another $5 Trillions and growing overnight @realDonaldTrump created the biggest bubble in history! Debt financing debt
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby Yonnipun » Mon 28 Oct 2019, 15:21:45

Armageddon wrote:The Nations debt now 2.2 times from 2008 $23 Trillions the external total US debt is $75 Trillions #GDP debt ratio is _-107% #fed has another $5 Trillions and growing overnight @realDonaldTrump created the biggest bubble in history! Debt financing debt


Simple robbery of resources.
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby Armageddon » Mon 28 Oct 2019, 16:17:54

Yonnipun wrote:
Armageddon wrote:The Nations debt now 2.2 times from 2008 $23 Trillions the external total US debt is $75 Trillions #GDP debt ratio is _-107% #fed has another $5 Trillions and growing overnight @realDonaldTrump created the biggest bubble in history! Debt financing debt


Simple robbery of resources.



We haven’t seen anything yet. The FED will be buying up everything soon. That’s their only option.

Listen to Pento explain it

https://m.youtube.com/watch?v=hx00m6IMrt8&t=1133s
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby rockdoc123 » Mon 28 Oct 2019, 16:59:31

Meanwhile in the real world and on topic:

https://www.investing.com/news/stock-market-news/stocks--sp-hits-a-record-close-as-tech-trade-hopes-power-market-2005927

Stocks - S&P Hits a Record Close as Tech, Trade Hopes Power Market

U.S. stocks surged Monday with the S&P 500 hitting new intraday and closing highs and new records set for the Nasdaq 100 index as well.

The rally was pushed by gains in technology and communications services, which translates basically into big tech stocks, including Apple (NASDAQ:AAPL), Google parent Alphabet (NASDAQ:GOOGL), Microsoft (NASDAQ:MSFT) and Applied Materials (NASDAQ:AMAT). All of those stocks hit new highs.

Banks also saw new highs.

The S&P 500 hit an all-time high of 3,044.08 soon after the open and finished up 0.6% at a record 3,039.42, breaking the old closing high of 3,025.86, set on July 26.

The Nasdaq 100 ended up 1.01% at 8,110.67. It hit a new intraday high of 8,119.73 and broke its old closing record of 8,029.22, set just on Friday. The Nasdaq Composite was also up 1.01%.

The Dow Jones industrials were up 0.5%, thanks to gains for Microsoft, apple and JPMorgan Chase (NYSE:JPM), but was off about 1.1% from its high.
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby Armageddon » Mon 28 Oct 2019, 17:15:41

Real world? That’s almost too stupid to even respond to. The FED going hyper nuclear to prop up the entire system and these bozos want to talk about the real world. You can’t make this stuff up.
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby Armageddon » Mon 28 Oct 2019, 17:17:48

Listen to Gregory Manorino explain what’s happening

https://m.youtube.com/watch?v=d-JgvObMqc8
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby Armageddon » Mon 28 Oct 2019, 18:10:49

Dallas Fed: "Pace of Texas Manufacturing Expansion Slows

Texas Manufacturing Outlook Survey “New orders index turned negative for 1st time in 3 years, falling 11 to -4.2. The growth rate of orders index fell into negative territory, at -5.9. The capacity utilization index retreated from 12.0 to 3.6, a 3-yr low.”

Chicago Fed "Index Points to Slower Economic Growth in September"

1/4 pt cut coming on Wednesday.
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby rockdoc123 » Mon 28 Oct 2019, 20:01:57

Real world? That’s almost too stupid to even respond to. The FED going hyper nuclear to prop up the entire system and these bozos want to talk about the real world.


as per the title of this thread...the Real world is that the Stock Market didn't crash 10 thread Parts previous to this nor has it crashed recently nor will it crash tomorrow. Whatever measures the Fed takes are not disastrous as long as the debt can be handled. The current debt interest sits at 8% of the annual budget. In what world is that a disaster? 107% of GDP sounds scary but what it really means is the debt could be paid off in a little over 1 year if all the GDP was focussed there. In other words, there is no looming disaster based on these numbers. In 1945 the debt to GDP ratio was 120% and surprise, surprise the world did not end, in fact that ratio gradually decreased to around 40% over the next twenty years.

Are we going to see a recession in 2019....not a chance. Are we going to see one in 2020 - 2022, very likely. Will it be the end of the world? Not a chance.
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby yellowcanoe » Mon 28 Oct 2019, 20:28:32

rockdoc123 wrote: In 1945 the debt to GDP ratio was 120% and surprise, surprise the world did not end, in fact that ratio gradually decreased to around 40% over the next twenty years.


That's hardly applicable to today. Expenditures in the 1939-45 time range were high due to the war but everyone expected those expenditures to drop significantly once the war ended. Today there is no reason to believe that expenditures are going to drop in the near future, especially in countries like Canada and the US that have an aging population.
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby Armageddon » Mon 28 Oct 2019, 20:51:47

yellowcanoe wrote:
rockdoc123 wrote: In 1945 the debt to GDP ratio was 120% and surprise, surprise the world did not end, in fact that ratio gradually decreased to around 40% over the next twenty years.


That's hardly applicable to today. Expenditures in the 1939-45 time range were high due to the war but everyone expected those expenditures to drop significantly once the war ended. Today there is no reason to believe that expenditures are going to drop in the near future, especially in countries like Canada and the US that have an aging population.




Yep, and these deficits are exploding. When this recession takes hold, we’ll be at 3+ trillion annual deficit and growing exponentially. The debt payment will be approaching 1 trillion also.

Buckle up son
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