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Stock Market Crash! (merged) Pt. 11

Discussions about the economic and financial ramifications of PEAK OIL

Re: Stock Market Crash! (merged) Pt. 11

Unread postby shortonoil » Thu 28 Nov 2019, 09:50:50

The Us economy grew at a moderate 2.1% annual rate in the third quarter compared to the Commerce department's initial estimate of 1.9% growth.


2.1% is certainly not something to get exited about considering that the US is the "go to place" for the world's capital outflows. According to the IMF the US is receiving over $4 trillion a year in foreign capital inflows. A quarter of US GDP is transferred to the US from foreign sources. The US is only doing as well as it is because the rest of the world is doing so badly! If foreign capital had someplace to invest their money they would be keeping it at home. Instead, the rest of the world is stripping its asset base to feed the US debt machine, and its military industrial complex. What can't continue; won't!

We are at the end of the oil age, and the world is dying from energy starvation. The big C in C&C can no longer be replaced. The only solution that has been proposed to fix the problem is to put a wind turbine on every square mile of the planet's surface. California tried it, now they are sitting in the dark. Europe tried it, and their utility industry is going broke. It must constantly be propped up with government subsidizes to exist.The world is mining its asset base at a rate of $49 trillion a year. Next year will be more, and the year after that will be more again. What can't continue; doesn't!
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Re: Stock Market Crash! (merged) Pt. 11

Unread postby rockdoc123 » Thu 28 Nov 2019, 11:27:56

We are at the end of the oil age, and the world is dying from energy starvation.


And yet there is a surplus of oil supplies in the US and the rest of the world which is keeping oil prices at subdued levels.
No signs of "energy starvation" where I live....folks all have vehicles, no line ups for petrol, no lack of natural gas to heat homes or run air conditioners, no lack of electricity even during peak usage hours. In fact it is pretty much the same for the average person as it has been since the early seventies. But I guess things are different in bizarro world. :roll:
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Re: Stock Market Crash! (merged) Pt. 11

Unread postby AdamB » Thu 28 Nov 2019, 12:02:39

Yoshua wrote:
Armageddon wrote:I still think with more rate cuts and massive printing and QE, they can keep the party going until the election.


The U.S needs energy to operate the economy.


Good thing we are Saudi America then! And I don't know what you call the country that is the world's largest natural gas producer (Saudi America of Natural Gas?) but we're that too!!
Peak oil in 2020: And here is why: https://www.youtube.com/watch?v=2b3ttqYDwF0
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Re: Stock Market Crash! (merged) Pt. 11

Unread postby AdamB » Thu 28 Nov 2019, 12:07:34

shortonoil wrote:We are at the end of the oil age, and the world is dying from energy starvation.


Except of course for all the oil produced (basically more than when oifield academics and lightweights like you fell for peak oil in 2005) and anyone who wants it can have it. Starvation strikes me as wanting it and not getting it, oil and natural gas right now are wanting it and having a dozen sellers of it offering discounts to get your business.
Peak oil in 2020: And here is why: https://www.youtube.com/watch?v=2b3ttqYDwF0
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Re: Stock Market Crash! (merged) Pt. 11

Unread postby Armageddon » Thu 28 Nov 2019, 15:08:55

The U.S. might have benefited from using negative interest rates during the financial crisis, a report from the San Francisco Fed said.


You know it’s coming this time
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Re: Stock Market Crash! (merged) Pt. 11

Unread postby Armageddon » Thu 28 Nov 2019, 17:35:25

Real Corporate Profits Are Now The Lowest Since The Financial Crisis


https://www.zerohedge.com/economics/rea ... ial-crisis
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Re: Stock Market Crash! (merged) Pt. 11

Unread postby asg70 » Thu 28 Nov 2019, 19:08:10

More...zerohedge...trash

Image

HALL OF SHAME:
-Short welched on a bet and should be shunned.
-Frequent-flyers should not cry crocodile-tears over climate-change.
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Re: Stock Market Crash! (merged) Pt. 11

Unread postby Armageddon » Thu 28 Nov 2019, 21:02:40

The Fed is adding trillions in liquidity - trillions with a “T” and Powell wants us to believe this is not QE

Trillions


Huge bets in NY that gold could triple to $4,000 by June 2021


They know what’s coming
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Re: Stock Market Crash! (merged) Pt. 11

Unread postby Cog » Thu 28 Nov 2019, 22:06:29

"They" have no more clue what's coming than you do.
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Re: Stock Market Crash! (merged) Pt. 11

Unread postby rockdoc123 » Thu 28 Nov 2019, 23:21:43

Real Corporate Profits Are Now The Lowest Since The Financial Crisis


https://www.zerohedge.com/economics/rea ... ial-crisis


The fellow who wrote this has obviously not spent much time reading financial reports. Here is what he says:

Case in point, a few weeks ago, the WSJ reported that nearly all big companies now use at least one non-GAAP financial metric. In fact, last year 97% of S&P 500 companies used non-GAAP metrics, up from 59% in 1996, according Audit Analytics.


He must have been under a rock for the past decade. All companies tend to have some metric that makes a lot of sense that is non-GAAP compliant. When they use that metric in a financial report or in something like an M&A they make a point of indicating what metric is not GAAP compliant. Most investors with half a brain want to see those non-GAAP measures as they are generally very instructive as to the companies bottom line. So basically he is trying to create a tempest in a teapot.
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Re: Stock Market Crash! (merged) Pt. 11

Unread postby AdamB » Thu 28 Nov 2019, 23:27:37

Quick question, now that we are in Pt.11 of Stock Market Crash! ......is there any chance we will actually get said Stock Market Crash soon?

Been waiting for awhile, and as we all know how fantastic the last crash was for investing in the market at the low point afterwards, I really would like to get this ball rolling so the old 401K can skyrocket again.
Peak oil in 2020: And here is why: https://www.youtube.com/watch?v=2b3ttqYDwF0
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Re: Stock Market Crash! (merged) Pt. 11

Unread postby Cog » Fri 29 Nov 2019, 04:43:15

Doomers have designed their argument thusly: When the market is up, they say it doesn't matter. When the market drops they say "Aha, we told you so".

Only an absolute fool would take anything they say with a grain of salt. But to no one's surprise, they are the same crew flogging their discredited ETP theory.
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Re: Stock Market Crash! (merged) Pt. 11

Unread postby shortonoil » Fri 29 Nov 2019, 08:29:25

shortonoil wrote:We are at the end of the oil age, and the world is dying from energy starvation.


Except of course for all the oil produced (basically more than when oifield academics and lightweights like you fell for peak oil in 2005)


The EIA, and IEA report C&C you idiot. Obviously you don't know the difference. We'll just put it on the very long list of things that you don't know.

Quick question, now that we are in Pt.11 of Stock Market Crash! ......is there any chance we will actually get said Stock Market Crash soon?


Soon enough for most humans. There is a massive credit crisis in the works. It will be here no later than the 2'nd quarter of 2022 when the debt growth becomes equal to the currency in circulation. If (big IF) we make it that far over $400 trillion in debt will collapse into a spiral of cascading defaults. Planet earth will then be filing for bankruptcy.

Huge bets in NY that gold could triple to $4,000 by June 2021


Valuing gold in dollars will soon be as applicable as valuing it in Dodo Birds. We are at the end of the oil age, and debt based fiat currencies will be as useful as a case of hemorrhoids.
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Re: Stock Market Crash! (merged) Pt. 11

Unread postby shortonoil » Fri 29 Nov 2019, 09:35:38

Futures Flat On Lack Of "Trade Deal Optimism"; Traders Puzzled By Sudden Hang Seng Tumble
Futures were caught  in the narrow range in which they traded for much of Thanksgiving Day holiday amid a lack of both trade deal optimism but more importantly, a lack of an actual retaliatory act from China which appears satisfied to jawbone in response to the passage of HK law,  but is unwilling to do anything else to risk the trade deal as reported overnight.

https://www.zerohedge.com/markets/futur ... eng-tumble

Another incredibly stupid article from ZH. Trade agreements have absolutely nothing to do with this situation. Hong Kong is the gate way to more than 60% of China's foreign currency transfers. Without Hong Kong's special trade status China is shut off from doing business with most of the rest of the world, and the US grants Hong Kong that status. The President has the power to shut it all down with the stroke of a pen.

The trade war hype is more manufactured crap narrative to fill an agenda. It is like there is a lot of oil, there is a Russian under every rock, gold is an antiquated relic, Irag has WMD, and debt doesn't matter. On, and on it will go until the wheels fall off this buggy so badly it will never roll again.
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Re: Stock Market Crash! (merged) Pt. 11

Unread postby Armageddon » Fri 29 Nov 2019, 15:34:05

Now Slovakia is calling for its gold to be brought back from London. This follows ..Poland, Hungary, Austria, and Romania.. who is next?


I think they all know what is happening.
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Re: Stock Market Crash! (merged) Pt. 11

Unread postby Outcast_Searcher » Fri 29 Nov 2019, 17:22:13

shortonoil wrote:Another incredibly stupid article from ZH. Trade agreements have absolutely nothing to do with this situation. Hong Kong is the gate way to more than 60% of China's foreign currency transfers. Without Hong Kong's special trade status China is shut off from doing business with most of the rest of the world, and the US grants Hong Kong that status. The President has the power to shut it all down with the stroke of a pen.

Yes, of course. If China doesn't get its way in Hong Kong, and the US signs away China's special trade status, then all of China will just shrivel up and die. :roll: Because all of the science and technology, all the the assets and workers, all of the infrastructure, etc. can't POSSIBLY find other avenues for trade, etc. -- even over the middle to longer term. :lol:

As usual, you seem to be completely confusing short term inconvenience with long term doom.

Funny how often you're talking like the US and the dollar are totally weak, helpless, and doomed tomorrow, and shortly thereafter, the US can supposedly bring China down with "a stroke of a pen".

What's the next theory? That Big Bird is actually the creator/ruler of the universe?
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. 11

Unread postby Armageddon » Sat 30 Nov 2019, 08:45:13

Another $22B+ added to the Fed's balance sheet this week. This makes $283B since 9/11 and puts the Fed within $6B of not NotQE from wiping out all of 2019's QT efforts. Unreal.


I said that QE 4 will be bigger than QE1,2 and 3 combined
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Re: Stock Market Crash! (merged) Pt. 11

Unread postby onlooker » Sat 30 Nov 2019, 10:42:58

End is approaching for fiat money and BAU Capitalusm
https://www.rt.com/shows/keiser-report/ ... t-warning/
"We are mortal beings doomed to die
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Re: Stock Market Crash! (merged) Pt. 11

Unread postby AdamB » Sat 30 Nov 2019, 11:01:29

onlooker wrote:End is approaching for fiat money and BAU Capitalusm
https://www.rt.com/shows/keiser-report/ ... t-warning/


<yawn>

Yes...we know...Happy McPeaksters have been saying the same thing since this website came online. It would be funny as spit if the end actually came, it had nothing to do with peak oil, and everything to do with bad fiscal management that took place only AFTER the Happy McPeaksters claimed it was already happening.

Broken clocks...etc etc...
Peak oil in 2020: And here is why: https://www.youtube.com/watch?v=2b3ttqYDwF0
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Re: Stock Market Crash! (merged) Pt. 11

Unread postby Armageddon » Sat 30 Nov 2019, 11:20:29

AdamB wrote:
onlooker wrote:End is approaching for fiat money and BAU Capitalusm
https://www.rt.com/shows/keiser-report/ ... t-warning/


<yawn>

Yes...we know...Happy McPeaksters have been saying the same thing since this website came online. It would be funny as spit if the end actually came, it had nothing to do with peak oil, and everything to do with bad fiscal management that took place only AFTER the Happy McPeaksters claimed it was already happening.

Broken clocks...etc etc...




I’ve always wondered if this collapse is due to debt or peak oil. I think both are having a race to the finish line. You can always have a debt reset. You can’t have an energy reset.
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