Economy Stock Market Has Worst Week Since 2008

[Sano]

I can sympathize. Millions of people were upside down on their mortgages in 08, but really even the bankers in that kind of market and legislative environment (the CRA immediately come to mind) were put in a position of either playing ball or going under themselves.

They also made the mess in the first place. They controlled all the key players and made all the important decisions that led to the crash. Worse, the people responsible took massive bonuses in many cases and not a single one of them (well just one) received a jail sentence for knowingly crashing the economy and doing fraud. The problem is the system and the way it functions, they have way too much power and they don't give a shit about you or me. They are simply not regulated enough and they keep amassing disproportionally more and more wealth and power.

 

[ScottE]

We have certainly gone through stocks crashing over tariffs and Trump's stupid behavior. We still don't know how the tariffs will play out. Same as it ever was. The market is basically alchemy and can't be figured out.

There is ALWAYS a reason for the market to crash. Some reason can always be given why it could crash and saying it would happen so they can be on record saying they predicted it. lol.

We've seen reactions to the tariffs. But as you just said we haven't actually seen the results after implementation. What do you think occurs if companies revenues come in below projections? Their stock will drop. Even though it already took a hit when the tariffs were announced it will take another hit at that point as well.

 

[Greoric]

They also made the mess in the first place. They controlled all the key players and made all the important decisions that led to the crash. Worse, the people responsible took massive bonuses in many cases and not a single one of them (well just one) received a jail sentence for knowingly crashing the economy and doing fraud. The problem is the system and the way it functions, they have way too much power and they don't give a shit about you or me. They are simply not regulated enough and they keep amassing disproportionally more and more wealth and power.

Ah yes, the good ole Rothschild quote, "Give me control over a nation's money, and I care not who makes its laws."

 

[JonesBones]

Oooph. Ballsy play. I like it. Here's to you being right my man.

 

[Ophydian]

Those are just flashpoints mate. The fundamentals are rotten, and the "erratic behavior" was just the excuse the market was looking for to cascade. Really, who knows if this is just a head fake in the market and Q1 2019 is going to resume the upward trajectory, but the day to day news cycle isn't the underlying problem or effective cause.

So you think it’s a coincidence the market tanks 650 on Christmas Eve the same day Sec Treasury and Trump go ham on social media? This time of year is typically green with very little market volume meaning tiny things can sway the market direction fairly easily.

 

[Ophydian]

These things have been priced in though. Trump's behavior and tariffs. We have already been through this. I can't see the market dropping much further based on old information.

This is the first time Trump has directly taken on FED leadership. How can you say this has been factored in, you also can’t predict erratic behavior that’s why they call it that.

 

[Sano]

Lol that's pretty funny in a soulless and ethereally painful way. Tragicomical is the word I'm looking for.

 

[Greoric]

So you think it’s a coincidence the market tanks 650 on Christmas Eve the same day Sec Treasury and Trump go ham on social media? This time of year is typically green with very little market volume meaning tiny things can sway the market direction fairly easily.

I don't have any idea what you're talking about, but it does read like you're being pretty silly.

 

[xcvbn]

If something really bad happens because of their schemes I can understand why they are whispering about fleeing the country. They should be fucking tarred and feathered, and I don't say that lightly.

They're traitors to this country. They're traitors to their countrymen. They should be hanged for the despair they caused millions in 2007/8 alone.

 

[Sano]

They're traitors to this country. They're traitors to their countrymen. They should be hanged for the despair they caused millions in 2007/8 alone.

Don't know if I'd go that far in a literal sense, but they are definitely at fault for destroying the economy and should have been jailed for it. Equally important, something should have changed drastically after.

 

[xcvbn]

Don't know if I'd go that far in a literal sense, but they are definitely at fault for destroying the economy and should have been jailed for it. Equally important, something should have changed drastically after.

I'd compromise with life imprisonment and forfeiture of all wealth.

 

[VivaRevolution]

Wait until the housing bubble pops again.

 

[VivaRevolution]

Oh wait. Housing markets across the country are already flashing red.

I'm sure that is Trump or Obama's fault though.

 

[Greoric]

Wait until the housing bubble pops again.

As you're aware (despite our address of different concentrations of power) this isn't just a housing overreach. This is a cluster of hyper-bubbles; housing, stocks, student loans, car loans,... and the biggest of all soverign debt. If this is the flashpoint that bursts them, while people are talking about Trump's orange skin, we're going for a ride.

 

[VivaRevolution]

As you're aware (despite our address of different concentrations of power) this isn't just a housing overreach. This is a cluster of hyper-bubbles; housing, stocks, student loans, car loans,... and the biggest of all soverign debt. If this is the flashpoint that bursts them, while people are talking about Trump's orange skin, we're going for a ride.

I wonder if when I chuckle, and ask people if they have ever wondered what human flesh tastes like, and then say you are about to find out, if people realize I'm not joking.

 

[Greoric]

I wonder if when I chuckle, and ask people if they have ever wondered what human flesh tastes like, and then say you are about to find out, if people realize I'm not joking.

That's some fucked imagery.

 

[VivaRevolution]

That's some fucked imagery.

I'm very convinced that if we see great depression part 2, that zombies will be real, just not the walking dead part.

 

[Greoric]

I'm very convinced that if we see great depression part 2, that zombies will be real, just not the walking dead part.

I'm sure @44nutman and @BigDickRick were kidding with their posts, but I'm more inclined those shouldn't be taken with sarcasm... especially given the political divide at the height of a boom.

 

[VivaRevolution]

 

[VivaRevolution]

I'm sure @44nutman and @BigDickRick were kidding with their posts, but I'm more inclined those shouldn't be taken with sarcasm... especially given the political divide at the height of a boom.

I just keep thinking America was litered with small farms, and we think 10,000's died of starvation.

Now all the food is centralized. If the systems break down. We are looking at mass starvation.