Black Monday:Nikkei stock index closes largest point drop in history in a single day 4,400 points

originally posted by: putnam6

originally posted by: DBCowboy
a reply to: putnam6

Just a reminder that it is the dollar that is the worlds reserve currency.

Yes sir of that I'm aware, but I'd like to hear more of your thoughts on the potential ramifications

We've needed a correction for a long time.

This isn't a big shock.

Leftist spending policies, inflation, the artificial housing bubble, higher unemployment, the massive surge of illegal aliens, this is a perfect storm.

My portfolio is diverse enough to keep making money even during this period. Even then my money guy will do what we always do - buy low, sell high. It's gonna be a investment garage sale my friends.

The main issue in this kind of atmosphere, like always, is you have "experts" who are baffled as to how this happened - don't buy into their BS that they didn't know because they knew all along but as always, keep the bubble going until it pops and then....................

When you cause the problem, you just happen to have the solution - more bailouts please. How the hell they're going to fix this 20 billion Yen disaster which is a reverse carry trade issue.

originally posted by: DBCowboy

originally posted by: putnam6

originally posted by: DBCowboy
a reply to: putnam6

Just a reminder that it is the dollar that is the worlds reserve currency.

Yes sir of that I'm aware, but I'd like to hear more of your thoughts on the potential ramifications

We've needed a correction for a long time.

This isn't a big shock.

Leftist spending policies, inflation, the artificial housing bubble, higher unemployment, the massive surge of illegal aliens, this is a perfect storm.

All true, but how long does this correction last?

We could easily have Madame Kamala Harris as President the next 4 years, aka Leftist Spending policies, higher inflation, higher unemployment and a continuation of the surge of Illegal aliens. Giving them cash upon entering will do that.

and you did see where SCOTUS will not delay Trump's sentencing. We could easily have a continuation of the infographic below.

a reply to: putnam6

If Harris is elected, I suspect a complete transformation of the US.

We'll be like Canada, but with guns. It'll suck.

But I'm also old so I only worry for my kids now.

If Trump is elected, we might stand a chance of surviving this.

a reply to: putnam6

We could easily have Madame Kamala Harris as President the next 4 years, aka Leftist Spending policies, higher inflation, higher unemployment and a continuation of the surge of Illegal aliens. Giving them cash upon entering will do that.

Illegal aliens seems to be the only difference between the 2.

Bush’s admin added 4 Trillion in 8 years, increasing the debt at the time by a little over 70%. Obama added around 8t in 8 years, Trump added around 7t in 4, Biden will likely be around Trump or more in the same amount of time.

Every four years, we argue about who spends more, and both sides spend about the same. Soon we’ll be paying more interest on debt than most expenditures that actually go back into the country.

I still have a few decades to go, and I feel like the politics each cycle are more about sport and winning than it is about meaningful policy. Both sides always make huge promises and only spend.

The only thing they’re good at is the mental gymnastics to make themselves look better economically than their opposition. And at the end of the day, they share most of the same donors. All while the stock market increases, companies consolidate, and the elites get richer.

I don’t have any representatives in either party.

originally posted by: cherokeetroy
This is the crash before The Crash.

Serious question; if you didn't see this coming, do you feel like a confident investor?

Saw it coming, but kept thinking "one more day, one more day". However, out of the stocks I have only one hadn't recovered by market close. I just wish I had more money to buy some dip.

Biden's top economic advisor resigns and goes to work with candidate Harris. He is Going to help Kamala "FINISH THE JOB"!💣

If nothing else, this announcement’s timing reminds us that the stench of failure emanates from every conceivable corner of the Biden administration.

According to The Associated Press, White House senior adviser Gene Sperling will leave his position to serve as a senior economic adviser to Vice President Kamala Harris, the presumptive 2024 Democratic presidential nominee.

That announcement came as the U.S. stock market plummeted on Monday in response to “Bidenomics” — which, to be clear, is a part of Harris’ legacy, just as much as it is Biden’s. In fact, the market crashed only six days after Biden bragged about having “cured the economy.”

Source: www.westernjournal.com...

The Grimm Reaper is relocating, lol.

a reply to: putnam6

The "sack of basic necessities" which cost $261 when Trump left office, now cost over $317, an increase of $56.00 / 22%.

Ouch! Thread coming this week on the subject.

a reply to: CriticalStinker
I don't really know which industries are tied to Trump the most thats just a guess. A thorough search must be done to figure that part out.

And I don't think it would work that way either but hitting tech industries something the US is a world leader component maybe the biggest I dont know for sure would surely have major impact?




Looking at the S&P it doesn't look promising and what you said arour september mostly we see these kind of dips , I have to look if the same occurred last year and previous years of this magnitude?

But its going down quick , I know the S&P was in retrieval for months now .

And bitcoin and crypto assets as to my understanding are used volatile investments for hedge funds now retracting their money makes me think hmm .

Another thing Europe around march I believe completely stepped out of future/derivatives trading under EMIR regulations, because people was loosing money, I mean what!! What do they care people losing money suddenly if someone loses the other wins right?
So only stock markets are allowed to do future trading with licensing??

They're up to something

I remember 2022 well when bitcoin was around 16000. I just lost before that these signs are signs that it will happen again ,but as always just speculation

originally posted by: CriticalStinker
a reply to: putnam6

We could easily have Madame Kamala Harris as President the next 4 years, aka Leftist Spending policies, higher inflation, higher unemployment and a continuation of the surge of Illegal aliens. Giving them cash upon entering will do that.

Illegal aliens seems to be the only difference between the 2.

Bush’s admin added 4 Trillion in 8 years, increasing the debt at the time by a little over 70%. Obama added around 8t in 8 years, Trump added around 7t in 4, Biden will likely be around Trump or more in the same amount of time.

Every four years, we argue about who spends more, and both sides spend about the same. Soon we’ll be paying more interest on debt than most expenditures that actually go back into the country.

I still have a few decades to go, and I feel like the politics each cycle are more about sport and winning than it is about meaningful policy. Both sides always make huge promises and only spend.

The only thing they’re good at is the mental gymnastics to make themselves look better economically than their opposition. And at the end of the day, they share most of the same donors. All while the stock market increases, companies consolidate, and the elites get richer.

I don’t have any representatives in either party.

and not to beat this horse too much after he's dead, but Trump's spending at the end of his presidency had to do with COVID, and not reckless pissing away of money. I mean it was, but there was no playbook on how to navigate the financial waters when the world flips the "OFF" switch. If we can get 4 years of Trump and NOT have a manufactured crisis, we might be able to squeak by with a little less spending.

But if we don't get the woke sh1t out of the military, I don't think spending will be our biggest problem.

a reply to: DBCowboy
That maybe fact , but what do you do if you knew your political opponents would win the next elections and you can't get rid of them ?

You spend retract ,borrow or shift money around so the other has nothing to achieve goals for the next coming years?

a reply to: putnam6

And now today it is back up. Apparently their "fed" cut rates again. I am torn between thinking this is all a show or if maybe modern financing cannot exist when central banks try to recoup their losses. There is so much "welfare" in modern economies. So much that it actually cannot be financed by normal means that have existed since say 1940. I think we are in a very sketchy time period where the promises of socialism are coming to a head, or inversely we are coming to a time where imaginary finances are acceptable as long as people keep getting their allowances, even if inflation makes them cost on a quarterly basis 10 times more.

I know that never worked out for Argentina. What makes people think it will work anywhere else? Who knows? Maybe it will, maybe money is actually magical as long as the powers that be say so.

a reply to: berbofthegreen

Truth bomb, right there.

a reply to: network dude

For sure, but I look at the three years before that but too and the trend was still more debt. Obviously not to the same extreme, but none the less it’s not like we were working on it.

Biden’s first year was dealing with the same crisis, I’ve never cut him any slack, he knew what he was getting himself into, it’s not like he was drafted.

I’d be more willing to cut some slack and give benefit of the doubt, but alas, there’s no example of either side running a fiscally responsible government unless we go back to the 60s or 70s. It’s been exponential growth ever since then, and I haven’t even seen a candidate with a clear vision on how to address that with the exception of Ron Paul.

Trumps idea is basically a Reagan rendition of stimulate the economy with tax cuts, and you’ll get more revenue from a healthy economy. Bush jr tried that as well, the only problem is it hasn’t proven to work.

In fact, we’ve seen companies post record quarters under those presidents. The only thing we’ve seen is they will increase prices, keep wages stagnant, take the bonuses and continue with business.

a reply to: berbofthegreen
Why is it that when the fed cut their rates ,tax rates aren't lowered to , to stimulate taking loans and spending more by the economy as to stimulate jobs

When the economy thrives you raise taxes and interests ?

originally posted by: berbofthegreen
a reply to: putnam6

And now today it is back up. Apparently their "fed" cut rates again. I am torn between thinking this is all a show or if maybe modern financing cannot exist when central banks try to recoup their losses. There is so much "welfare" in modern economies. So much that it actually cannot be financed by normal means that have existed since say 1940. I think we are in a very sketchy time period where the promises of socialism are coming to a head, or inversely we are coming to a time where imaginary finances are acceptable as long as people keep getting their allowances, even if inflation makes them cost on a quarterly basis 10 times more.

I know that never worked out for Argentina. What makes people think it will work anywhere else? Who knows? Maybe it will, maybe money is actually magical as long as the powers that be say so.

That last paragraph especially the last sentence is off the charts, I don't want the powers that be anywhere near deciding the "magical" value of our currency.

Don't worry, they've got everything under control. Just keep buying the dip!

The Harris Effect they will call it .

She's not even POTUS and the Markets are tanking at the very mention of her being POTUS .

yay vote for Harris !!!!

originally posted by: asabuvsobelow
The Harris Effect they will call it .

She's not even POTUS and the Markets are tanking at the very mention of her being POTUS .

yay vote for Harris !!!!

Right, it's odd how even today Kamala is gaining in the polls....

www.economist.com...

www.reuters.com...

originally posted by: lilzazz

originally posted by: asabuvsobelow
The Harris Effect they will call it .

She's not even POTUS and the Markets are tanking at the very mention of her being POTUS .

yay vote for Harris !!!!

Right, it's odd how even today Kamala is gaining in the polls....

www.economist.com...

www.reuters.com...

Money is the real indicator .

Any Crime , Conspiracy or Bill passed in Congress can be traced back to the money .

These Political Polls are not even kind of accurate . They have never been accurate yet people cling to them like some damn disease.