Global financial system implosion begins

Discussion in 'world politics, current affairs and news' started by Falcon, Mar 26, 2008.

  1. pocketscience

    pocketscience Well-Known Member

    what makes you think this is the one?
     
  2. Idaho

    Idaho blah blah blah

    A variety of factors. Slow cracks before a crash.
     
    Rimbaud likes this.
  3. Idaho

    Idaho blah blah blah

    This is coming home to roost:

    Shaking the magic money tree

    Asset prices (stocks, property and derivatives) have soaked up this torrent of money and inflated in price. All the while profit warnings are increasing and debt is sky high. Leverage in stocks is at a high and average wages and private debt is high... And interest rates are set to rise. Too many opposing forces.
     
  4. J Ed

    J Ed Follow Back Pro Expropriation

    Cheers Idaho, off to Tesco to panic buy some baked beans
     
  5. ffsear

    ffsear Well-Known Member


    It not that big a deal. Good economic data came out of the US today. Dollar strengtheners generally means stocks drop.
     
  6. Idaho

    Idaho blah blah blah

    What happens when highly leveraged and overvalued stocks drop successively?
     
  7. gosub

    gosub ~#

    Not convinced. But even so won't be headline on BBC when it does. Treasury had them for feed the birds over Northern Rock... Would be under pressure to dish out the Soma


    But if I had a pot to piss in I'd go bear
     
    Last edited: Feb 3, 2018
  8. CRI

    CRI Registered Chooser

    Dow plunges 666 points -- worst day since Brexit

    upload_2018-2-3_1-19-36.png
     
    moochedit likes this.
  9. MrSpikey

    MrSpikey Well-Known Member

    I'm not sure "stock up" was the message Idaho was trying to get across.
     
    moochedit likes this.
  10. ffsear

    ffsear Well-Known Member

    Stocks aren't actually leveraged. Brokers may offer leverage to their clients, or people may trade leveraged derivatives based of the value of stocks. But the stock trades at settled in full at the exchange. What makes you think they are overvalued.?
     
  11. Idaho

    Idaho blah blah blah

    Was looking at some charts the other day. Can't find them now.
     
  12. PippinTook

    PippinTook Some are born to sweet delight

    I've got my hi calorie supply of lifesaver biscuits.:D

    20180204_134045.jpg
     
    yield, J Ed and CRI like this.
  13. Idaho

    Idaho blah blah blah

    I've stocked up on end of the world jumpsuits and tins of salmon.
     
    PippinTook likes this.
  14. yield

    yield zero

    Always used to laugh about lifeboatism & bug out bags. In a city of millions how are you going to make to safety if you have what your neighbours need for their survival.

    You aren't. Better to get to know your neighbours.

    Anyway I always read the "Global financial system implosion begins" as about the USA debt financed system. "Managing empire through bankruptcy" as Michael Hudson said. The World system has changed these last 20 years. Be interesting to see where it goes.
     
  15. Idaho

    Idaho blah blah blah

    Stocks still tumbling....
     
  16. Pickman's model

    Pickman's model Every man and every woman is a star

    to put this in context

    upload_2018-2-5_14-26-49.png
     
  17. Idaho

    Idaho blah blah blah

    Worst one day fall on the dow since 2008.
     
    J Ed likes this.
  18. J Ed

    J Ed Follow Back Pro Expropriation

    Looks like I panic bought just in time
     
    PippinTook and Idaho like this.
  19. Idaho

    Idaho blah blah blah

    I recommend nipping back out and laying in a box of twixes.
     
    PippinTook likes this.
  20. TheHoodedClaw

    TheHoodedClaw acknowledging ur soup leg

  21. gosub

    gosub ~#


    tbf The Dow one looks more like Idaho called "there she blows" at the right time.
     
    Last edited: Feb 5, 2018
  22. extra dry

    extra dry Happy to be here

  23. PippinTook

    PippinTook Some are born to sweet delight

    I sincerely hope they're Heinz...for the sake of all the FEB fans...;)
     
  24. hipipol

    hipipol Peckham Wry

    Yanks not weeping at their desks just yet....




    Wait till the market opens

    The Cboe Volatility Index popped above 50 for the first time since 2015, sending exchange-traded products tied to the measure on a wild ride.
    U.S. Stocks Set for More Pain as Volatility Climbs: Markets Wrap
    Scrolling across the bottom of the Bloomberg - CS may "unwind" vol note - VIX 50, gonna be messy.....

    hahaha!!!
     
  25. Idaho

    Idaho blah blah blah

    How's that looking now? Almost all of 2017s gains have been wiped.
     
  26. existentialist

    existentialist Danced on by a twerking bee

    Crispy isn't going to like that graph... :mad:

     
    Pickman's model likes this.
  27. Pickman's model

    Pickman's model Every man and every woman is a star

    good
     
  28. Pickman's model

    Pickman's model Every man and every woman is a star

    rockin the casbah
    rockin the casbah
     
  29. gosub

    gosub ~#

    Trump is totally covfefe..
     
    Pickman's model likes this.
  30. elbows

    elbows WoeTimer

    I've got the best crashes ever, everyone agrees that they are the most spectacular nosedives anyone has ever seen folks.
     
    moochedit, hipipol and teqniq like this.

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