Skip to comments.Global Markets Are Melting Down
Posted on 09/01/2015 5:12:49 AM PDT by blam
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Interesting article. I wonder to what extent the housing market is being propped up by high end purchases in general. My brother can’t sell his modestly priced place for squat - granted, it’s in IL.
China,Europe and U.S. run by amateurs.
Australia is turning more and more Chinese/Asian every year. They better be careful. They have huge number of Chinese/Asian/Indian college students and I am going to assume none go home after studies are completed. Just because they are situated in Asia does not mean the Australian population should be more and more Asian
These people will never understand Economics and will continue to make the situation worse until lit collapses utterly.
Keynesian "macroeconomic controls" and "fine-tuning" are analogous to putting a new AB at the helm of a huge container ship. He has his course set for him. He just has to keep the vessel proceeding in one direction as shown on his compass. When it drifts off a couple of degrees he puts the helm over a tad to correct. The ship seems not to respond so he puts it over a little farther. Still the ship doesn't respond so he puts it over a lot. Finally the ship starts to ease back toward its assigned course, The ignorant pilot centers the helm as the vessel's turn reaches the correct course. But the ship continues to turn 1 degree, 5 degrees past the proper course so the pilot puts the helm back the other way and as the ship apparently fails to respond he becomes frantic and puts it over farther and farther until the ship finally begins to respond. Finally the great ship is making ever greater S-turns on the surface of the ocean until the ship hits the rocks or another ship and founders.
The Fed stopped pumping last October.
These hints of interest rate increases seem to be an effort by the Masters of the Economy to let the air out of the market a little at a time to “cushion” what is seen as a necessary correction. They are urinating into the mouth of the Tempest.
Glad to see copper prices dropping. Maybe some of these low life slimeballs will stop poaching AC units and plumbing,.
I moved everything into safe funds after reading Johnathan Cahn - just in time, as well. Waiting to see what happens in 12 days or so.
Well, hell - I guess we weren’t at the bottom...
At least they're educated and civilized. Look what is in store for Europe:
" It is estimated that sub-Saharan Africa will have 900 million more inhabitants in the next twenty years. Of these, at least 200 million are young people looking for work. The chaos of their countries of origin will push them further north."
"That is the future. It will no more go away by itself, and by ignoring it, than the present crisis, which, devastating as it may be, pales in comparison. Europe risks being overrun in the next two decades. And as things stand, it has no plans whatsoever to deal with this, other than the military, and police dogs, barbed wire, tear gas, fences and stun grenades."
“it will be taken in stride because people know that you win some and you lose some”
Good point, but generally you are stuck with your bet, while you can sell off stocks. To me, this makes them more likely to sell off.
Slow descent is the way the computerized firms soften their descent. Gives them time to reshuffle their holdings and other maneuvers to preserve their wealth.
Then they counsel the small and mutual fund holders to ‘stay the course’. That, of course, props up the market long enough for them to divest or other strategies.
DJIA futures -427.00
WSJ headline from yesterday said rate increase was on target to happen. Guy on Coast to Coast last night said the market could absorb a 150 base point increase! Yeah, idiot woke me up from my slumber.
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