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Re: Coronavirus: overhyped fear-mongering or potential mega doom?
What struck me most when reading the above book was how society's cohesiveness held firm for a long while but begun to inexorably break down as desperation set in.
Communities were stronger back then and so were families; no armies of single mothers and marriage and religion was de rigueur.
The number one lesson learnt was to appear as deprived as everyone else.
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Re: Coronavirus: overhyped fear-mongering or potential mega doom?
Stock markets bounced back yesterday a day after they suffered their worst rout since 1987. None rocketed upwards more than the top three US indices. They rose by an almost identical 9.29%, 9.35% and 9.36%, respectively as can be seen here: https://finance.yahoo.com/quote/%5ED...f2gNdQv2q4yQP2
It was almost magical as well as coincidental, except that it wasn't because the US Federal Reserve Bank (which isn't federal and has no reserves) has the legal power to create any amount of US dollars it wishes to from absolutely nothing, just as the Bank of England, etc, can. By pushing keys on a computer terminal $1.5 trillion (£1.2 trillion) new units of that currency was available to spend and most of it went to propel those stocks higher. Watch for more of the same but in ever larger quantities until the show collapses like an overcooked soufflé to provide the cue for societal breakdown globally.
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Re: Coronavirus: overhyped fear-mongering or potential mega doom?
I keep reading of people rushing to buy this and that from shops and supermarkets but nothing as yet about queues forming outside bank branches. It does appear most haven't considered a lockdown of their dough is a distinct possibility. The 1981 film Rollover portrayed what a global economic collapse could look like and how quickly societies would devolve into chaos.
https://www.youtube.com/watch?v=BAhhqqX1XEU
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Re: Coronavirus: overhyped fear-mongering or potential mega doom?
Been looking up the numbers who use the London underground because to my mind from a public health perspective it would close down long before anything else would.
An average of two million users making five million journeys per day is the general consensus. Two million equals 22 FA Cup Final attendances.
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Re: Coronavirus: overhyped fear-mongering or potential mega doom?
Breaking news from the Wall Street Journal - https://twitter.com/WSJ/status/1239295880857030657
The Wall Street Journal
@WSJ
·
5m
Breaking: Fed cuts rates to near zero and will purchase $500 billion in Treasurys, $200 billion in mortgage-backed securities, citing economic disruptions from coronavirus.
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Re: Coronavirus: overhyped fear-mongering or potential mega doom?
The Fed at their scheduled meeting on Wednesday was expected to cut the Yank base rate by 1/2% after cutting it by another 1/2% at an emergency meeting very recently. Now they've done twice as much as expected which is Biblical in the financial sphere.
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Re: Coronavirus: overhyped fear-mongering or potential mega doom?
The US Federal Reserve Bank shot its entire load earlier this evening by slashing its interest base rate to 0.00 to 0.25 to cheapen credit yet again, a move which delighted Donald Trump who had called for just that action for weeks - but instead of boosting stock prices they have dived.
Stock futures drop — hit ‘limit down’ — even as Fed slashes rates; Dow futures off 1,000 points - https://www.cnbc.com/2020/03/15/trad...g-program.html
Stock futures fell Sunday night even after the Federal Reserve embarked on a massive monetary stimulus campaign to curb slower economic growth amid the coronavirus outbreak. While the central bank’s actions may help ease the functioning of markets, many investors said they would ultimately want to see coronavirus cases peaking and falling in the U.S. before it was safe to take on risk and buy equities again.
Dow Jones Industrial average futures were off by more than 900 points as of 6:12 pm ET. S&P 500 futures were lower by more than 4%. Nasdaq-100 futures fell 4%.
“The Fed blasted its monetary bazooka for sure,” said Peter Boockvar, chief investment officer at Bleakley Advisory Group. “This better work because I don’t know what they have left and no amount of money raining from the sky will cure this virus. Only time and medicine will.”
The Fed cut interest rates down to basically zero, their lowest level since 2015. The U.S. central bank also launched a massive $700 billion quantitative easing program. President Donald Trump said he was “very happy” with the announcement, adding: “I think that people in the markets should be very thrilled.”
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Re: Coronavirus: overhyped fear-mongering or potential mega doom?
I have this feeling I'm typing to myself in this thread!
Below is a video stock market trader and analyst Greg Mannarino uploaded after learning of the Fed cut and introduction of QE5.
https://www.youtube.com/watch?v=NOo0Jc9CTm4
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Re: Coronavirus: overhyped fear-mongering or potential mega doom?
Quote:
Originally Posted by
Organ Morgan.
I have this feeling I'm typing to myself in this thread!
Below is a video stock market trader and analyst Greg Mannarino uploaded after learning of the Fed cut and introduction of QE5.
https://www.youtube.com/watch?v=NOo0Jc9CTm4
That man looks incredibly unwell and malnourished. I don't think he's doing ok.
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Re: Coronavirus: overhyped fear-mongering or potential mega doom?
Yeah, he's looking worse every week. He's been predicting what's unfolding for yonks but is stunned by how fast and furious it's occurring. He says should the stock markets not rise this week in response to last night's emergency measures then watch out, and he does appear genuinely worried by that prospect. We may very well bypass a recession to go straight into a depression.
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Re: Coronavirus: overhyped fear-mongering or potential mega doom?
Quote:
Originally Posted by
Organ Morgan.
Yeah, he's looking worse every week. He's been predicting what's unfolding for yonks but is stunned by how fast and furious it's occurring. He says should the stock markets not rise this week in response to last night's emergency measures then watch out, and he does appear genuinely worried by that prospect. We may very well bypass a recession to go straight into a depression.
I don't know much about this guy. What has he been predicting for yonks?
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Re: Coronavirus: overhyped fear-mongering or potential mega doom?
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Re: Coronavirus: overhyped fear-mongering or potential mega doom?
Quote:
Originally Posted by
lardy
I don't know much about this guy. What has he been predicting for yonks?
He's been predicting the popping of the 'everything bubble' (inflated and artificially high stock, property and other asset prices) that has been achieved by a decade of negative real interest rates (i.e. lower than the inflation rate) and massive expansion of government, corporate and household debt. He says they'll take interest rates into negative territory, meaning banks could charge people for storing their money, and create more and more debt to delay the day when it all collapses because it's impossible to solve an over indebted problem with yet more debt. The only way out would be massive and sustained economic growth but instead the world's going in the opposite direction with economies shutting down.
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Re: Coronavirus: overhyped fear-mongering or potential mega doom?
Quote:
Originally Posted by
Organ Morgan.
He's been predicting the popping of the 'everything bubble' (inflated and artificially high stock, property and other asset prices) that has been achieved by a decade of negative real interest rates (i.e. lower than the inflation rate) and massive expansion of government, corporate and household debt. He says they'll take interest rates into negative territory, meaning banks could charge people for storing their money, and create more and more debt to delay the day when it all collapses because it's impossible to solve an over indebted problem with yet more debt. The only way out would be massive and sustained economic growth but instead the world's going in the opposite direction with economies shutting down.
Why you talking to lardy? He was trying to besmirch your reputation in the main forum on Saturday. He's a very sly chappie :biggrin:
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Re: Coronavirus: overhyped fear-mongering or potential mega doom?
I'm unsure about Lardy. I can't decide whether he's a suited and booted young professional who's going places, or a pizza delivery driver who isn't.
What do you think? No, don't answer as I think I can correctly guess your response.
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Re: Coronavirus: overhyped fear-mongering or potential mega doom?
Quote:
Originally Posted by
Organ Morgan.
I'm unsure about Lardy. I can't decide whether he's a suited and booted young professional who's going places, or a pizza delivery driver who isn't.
What do you think? No, don't answer as I think I can correctly guess your response.
A grumpy middle-aged civil servant, and part-time socialist :shrug:
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Re: Coronavirus: overhyped fear-mongering or potential mega doom?
Quote:
Originally Posted by
Organ Morgan.
He's been predicting the popping of the 'everything bubble' (inflated and artificially high stock, property and other asset prices) that has been achieved by a decade of negative real interest rates (i.e. lower than the inflation rate) and massive expansion of government, corporate and household debt. He says they'll take interest rates into negative territory, meaning banks could charge people for storing their money, and create more and more debt to delay the day when it all collapses because it's impossible to solve an over indebted problem with yet more debt. The only way out would be massive and sustained economic growth but instead the world's going in the opposite direction with economies shutting down.
Ah so he's been predicting things to go wrong during one of the best stock market decades of the last 150 years.
Sounds reliable :hehe:
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Re: Coronavirus: overhyped fear-mongering or potential mega doom?
Quote:
Originally Posted by
Wales-Bales
Why you talking to lardy? He was trying to besmirch your reputation in the main forum on Saturday. He's a very sly chappie :biggrin:
A very sly chappie who has "got inside your head" it appears.
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Re: Coronavirus: overhyped fear-mongering or potential mega doom?
Quote:
Originally Posted by
lardy
Ah so he's been predicting things to go wrong during one of the best stock market decades of the last 150 years.
Sounds reliable :hehe:
Believe what you want. I've proferred my best advice to you in this thread. If you choose to dismiss it then that's your choice, business and concern. Frankly, it makes no odds to me should you end up in the gutter blaming everyone and everything else for your demise.
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Re: Coronavirus: overhyped fear-mongering or potential mega doom?
Quote:
Originally Posted by
the other bob wilson
A very sly chappie who has "got inside your head" it appears.
Nah, I was just pointing out his pent-up anger and vengeful malicious streak.
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Re: Coronavirus: overhyped fear-mongering or potential mega doom?
Quote:
Originally Posted by
Organ Morgan.
Believe what you want. I've proferred my best advice to you in this thread. If you choose to dismiss it then that's your choice, business and concern. Frankly, it makes no odds to me should you end up in the gutter blaming everyone and everything else for your demise.
So what was Yanis on about then? He seems to be saying the EU will have to go cap in hand to Trump, after calling him a tw@t for the past 3 years. It should be fun :biggrin:
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Re: Coronavirus: overhyped fear-mongering or potential mega doom?
Quote:
Originally Posted by
Wales-Bales
A grumpy middle-aged civil servant, and part-time socialist :shrug:
Wouldn't bet the farm on him being a civil servant but would lump on him being a desk jockey of some description.
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Re: Coronavirus: overhyped fear-mongering or potential mega doom?
Quote:
Originally Posted by
Wales-Bales
So what was Yanis on about then? He seems to be saying the EU will have to go cap in hand to Trump, after calling him a tw@t for the past 3 years. It should be fun :biggrin:
You won't like this but I gave up on Yanis' observations after around 8 mins when he made out that Don has some influence on US policy.
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Re: Coronavirus: overhyped fear-mongering or potential mega doom?
Quote:
Originally Posted by
Organ Morgan.
You won't like this but I gave up on Yanis' observations after around 8 mins when he made out that Don has some influence on US policy.
I never give up on anybody, I like to have a large information pool that covers all angles. Yanis is one of the few who have sat around the EU magic circle and spoke about it.
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Re: Coronavirus: overhyped fear-mongering or potential mega doom?
Quote:
Originally Posted by
the other bob wilson
A very sly chappie who has "got inside your head" it appears.
Ain't that the truth.
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Re: Coronavirus: overhyped fear-mongering or potential mega doom?
European stock markets are bombing this morning; UK FTSE 100 is minus 6.3%, German DAX is down 7.7%.
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Re: Coronavirus: overhyped fear-mongering or potential mega doom?
Quote:
Originally Posted by
Organ Morgan.
European stock markets are bombing this morning; UK FTSE 100 is minus 6.3%, German DAX is down 7.7%.
To be fair, Yanis did say the EU was going to collapse, and they haven't got any more magic money.
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Re: Coronavirus: overhyped fear-mongering or potential mega doom?
Quote:
Originally Posted by
lardy
Ah so he's been predicting things to go wrong during one of the best stock market decades of the last 150 years.
Sounds reliable :hehe:
Organ played this card earlier in this thread. Obviously when you are far more knowledgeable and in the know than the medical, scientific and financial communities then a gold, silver and platinum metals trader could not possibly pull the wool over his eyes. I mean whats in it for Greg in trying to panic people with broadly the same message for a decade to get out of the stocks and bonds market and into the commodities he trades in?
https://www.silverdoctors.com/tag/gr...narino/page/2/
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Re: Coronavirus: overhyped fear-mongering or potential mega doom?
Stock markets generally trend in the same direction as the US indices as everything financial is so interconnected.
Deutsche Bank, 'the world's most dangerous financial institution' said the IMF in 2015, it's share price is cratering right now to another all-time low. https://finance.yahoo.com/quote/DB/
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Re: Coronavirus: overhyped fear-mongering or potential mega doom?
Quote:
Originally Posted by
cyril evans awaydays
Organ played this card earlier in this thread. Obviously when you are far more knowledgeable and in the know than the medical, scientific and financial communities then a gold, silver and platinum metals trader could not possibly pull the wool over his eyes. I mean whats in it for Greg in trying to panic people with broadly the same message for a decade to get out of the stocks and bonds market and into the commodities he trades in?
https://www.silverdoctors.com/tag/gr...narino/page/2/
What took you so long, have you only just read lardy's text message? :biggrin: