Coronavirus: overhyped fear-mongering or potential mega doom?

[Organ Morgan.]

Cyril, sat there inert and bewildered with mouth agape is not a good look or strategy.

I read elsewhere minutes ago the very long list of countries who are urging their citizens to return home ASAP, the latest being New Zealand. Something's cooking and it smells rancid.

If you didn't care to read the Civil Contingencies Act 2004 I linked to earlier in this thread then I can tell you Joe Soap has no rights when the state trigger emergency powers. I say none because the detail is so nebulous, no doubt deliberately so to be interpreted on the fly.

I'm happy with my positioning. Have been for a dozen years.

[Organ Morgan.]

Another abysmal day when everything was pounded lower, including sterling, and it happened a day after the US Treasury Secretary, the British Chancellor and other financial bigwigs promised to make 'whatever it takes' and 'unlimited' liquidity/stimulus (yes, soft and cuddly words for debt) measures available. Tomorrow's stock markets futures prices indicate a repeat horror show is odds-on.

In his brief 8-minute summary, our Greg goes further than ever before in the first 90 seconds... bar for some miracle the world's going Mad Max in short order.

[cyril evans awaydays]

Another abysmal day when everything was pounded lower, including sterling, and it happened a day after the US Treasury Secretary, the British Chancellor and other financial bigwigs promised to make 'whatever it takes' and 'unlimited' liquidity/stimulus (yes, soft and cuddly words for debt) measures available. Tomorrow's stock markets futures prices indicate a repeat horror show is odds-on.

In his brief 8-minute summary, our Greg goes further than ever before in the first 90 seconds... bar for some miracle the world's going Mad Max in short order.

When you say everything pounded lower, what about the Euro, Dollar, Yen and the Yuan versus Sterling?

[Organ Morgan.]

I meant the pound fell against the US dollar, the world's reserve currency. All of them orbit around that one.

[cyril evans awaydays]

I meant the pound fell against the US dollar, the world's reserve currency. All of them orbit around that one.

I read that some dimwit, predicting the imminent demise of the European Union suggested that the UK was far better placed to manage the contagion enveloping us. Yet in that period the Pound has slipped from 1.20 to 1.06 against the Euro. What do the markets know about the strength of the UK economy now we have got Brexit done and we have control of our sovereign destiny I ask myself.

[Wales-Bales]

the imminent demise of the European Union suggested that the UK was far better placed to manage the contagion enveloping us.

Imminent? Go back to school and learn how to read!

[A Quiet Monkfish]

I read that some dimwit, predicting the imminent demise of the European Union suggested that the UK was far better placed to manage the contagion enveloping us. Yet in that period the Pound has slipped from 1.20 to 1.06 against the Euro. What do the markets know about the strength of the UK economy now we have got Brexit done and we have control of our sovereign destiny I ask myself.

You've actually got that completely the wrong way round - European countries withing the Eurozone would be delighted to devalue if they could..

[cyril evans awaydays]

You've actually got that completely the wrong way round - European countries withing the Eurozone would be delighted to devalue if they could..

Which ones?

[A Quiet Monkfish]

Which ones?

All of 'em except the Krauts

[Organ Morgan.]

Countries compete to lower the value of their currencies especially relative to their biggest competitor(s), and from an exporting perspective UK gov will be delighted by sterling's decline against the dollar and euro. Trump banged on for ages for the US Fed to cut interest rates to become more competitive. Amongst those three currencies the UK's 0.25% interest base is the highest. These shenanigans is also known as the race to the bottom.

[life on mars]

When you say everything pounded lower, what about the Euro, Dollar, Yen and the Yuan versus Sterling?

The dollar is looking handsome

[life on mars]

All of 'em except the Krauts

interesting

[life on mars]

Countries compete to lower the value of their currencies especially relative to their biggest competitor(s), and from an exporting perspective UK gov will be delighted by sterling's decline against the dollar and euro. Trump banged on for ages for the US Fed to cut interest rates to become more competitive. Amongst those three currencies the UK's 0.25% interest base is the highest. These shenanigans is also known as the race to the bottom.

Not 0.25% now us it ?

Bank of England cuts interest rates to 0.1% to fight coronavirus fallout – business live

There are some crazy moves in the oil market tonight. US crude has closed 25% higher tonight, up $5 per barrel at $25.41, as prices surged back from Wednesday’s slump to a 17-year low.

30 minutes ago*· View more

[Organ Morgan.]

Oil shot up on Trump's remarks to intervene in the oil price war; its rise has nowt to do with improving global trade. Major stock indices also rose today on more promises of infinite amounts of free credit being made available.

[cyril evans awaydays]

Oil shot up on Trump's remarks to intervene in the oil price war; its rise has nowt to do with improving global trade. Major stock indices also rose today on more promises of infinite amounts of free credit being made available.

"We are trying to find some kind of middle ground," Trump said during a press conference Thursday at the White House. "It's very devastating to Russia because when you look at it, their whole economy is based on that and we have the lowest oil prices in decades so it's very devastating to Russia."

MAGA!

[Organ Morgan.]

It's playing out as Mannarino stated it would. Humongous amounts of Monopoly money being pledged supposedly to stall an implosion that will deliberately fail. Heroic bankers did everything they could but alas nothing could save the world's monetary system from the effects of an invisible enemy.

[Heathblue]

https://twitter.com/mrctv/status/1238186498433966081

[Heathblue]

https://twitter.com/mrctv/status/1238186498433966081

For neutrality
https://twitter.com/thefix/status/1240764446810746881

[Rogersblue]

Dempanic.

[life on mars]

For neutrality
https://twitter.com/thefix/status/1240764446810746881

Fecking nutters

[Organ Morgan.]

Greg Mannarino was on top form over the weekend. The video below he posted last night in response to a Fed Reserve banker speculating the US unemployment rate could jump to 30% in the coming months from its present 4%. He points out the highest US unemployment rate during the 1920s/30s Great Depression was 25%. Today he's bound to have another fit with the Fed announcement that they will provide open-ended QE.

[Organ Morgan.]

Another jaw dropping day on the world's stock markets. Not because of how much they fell, which has been the norm of late, but by the degree they shot up. I think the US Dow Jones led the charge by ending the day 11.3% higher, for its best session ever.

From what I can discern the buying stampede was sparked by hopes of yet more stimulus being made available.

[Gofer Blue]

Another jaw dropping day on the world's stock markets. Not because of how much they fell, which has been the norm of late, but by the degree they shot up. I think the US Dow Jones led the charge by ending the day 11.3% higher, for its best session ever.

From what I can discern the buying stampede was sparked by hopes of yet more stimulus being made available.

This simply highlights the insanity that seems endemic in stock exchanges everywhere. Who could/would work in such an environment, fuelled by greed and fear? Sadly my hard-saved pension fund is subject to the whims of these guys - it's already lost about £45K in less than a month.

[Gofer Blue]

This simply highlights the insanity that seems endemic in stock exchanges everywhere. Who could/would work in such an environment, fuelled by greed and fear? Sadly my hard-saved pension fund is subject to the whims of these guys - it's already lost about £45K in less than a month.

Further evidence of this insanity was provided today by the fact that all 3 main stock indices in the USA rose by about 6%. This despite the number of COVID cases reaching 82,000, the highest for a single country. 1100 deaths. With Easter just 2 weeks away the numbers will surely rocket up in that time. But Mr Trump says it will be back to normal by Easter, so no worries.

Deckchairs on the Titanic comes to mind.

[Gofer Blue]

Reality returns as US stock indices slip back down. Trump has found a new scapegoat as he blames General Motors for not making enough ventilators.