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| 07:42 AM | ||
| Users Online Now: 1,541 (Who's On?) | Visitors Today: 438,620 | |
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| 07:42 AM | ||
Stock market collapsing | |
Desertwolf
 User ID: 83296183  United States05/18/2022 02:42 PM Report Abusive Post Report Copyright Violation | And here we are staring at each other through an electronic............ error goto ram I FIGHT FOR ROME!!! |
| Anonymous Coward User ID: 83210167 05/18/2022 02:42 PM Report Abusive Post Report Copyright Violation | Wealth of Elon Musk Quoting: Anonymous Coward 49598504 2012: $2,000,000,000 2022: $273,600,000,000 Wealth of Jeff Bezos 2012: $18,400,000,000 2022: $181,300,000,000 Wealth of Mark Zuckerberg 2012: $17,500,000,000 2022: $76,800,000,000 U.S. Minimum Wage 2012: $7.25 2022: $7.25 Three words: tax the rich. some asked, where is the money?.... there it is, but not for U.... Who defines what rich is? The guy inn the shitty single wide thinks it's the guy in the new double wide. Good example but really the nwo,un compares counties to countries. Anyone making more than 1.50 hour is rich |
| rccola
User ID: 50034595 United States05/18/2022 02:43 PM Report Abusive Post Report Copyright Violation | We're experiencing a realization about what is valuable. Turns out what's most valuable in a first world monetary based society is EASY access to AFFORDABLE ENERGY. All that stuff in walmart and target is being revalued based on the cost of energy, pricing a portion of the population out of the market for the products and services. It's not an accident. It costs more (energy / money) to extract energy resources from the crust of the Earth than it ever has in history. The easy energy has been extracted. Now, the companies that do the extracting need a price a lot of citizens cannot afford to stay in business. Keep in mind those "profits" they make have to be re-invested in future projects, or flow rates (supply to market) decrease rapidly. That's part of the reason energy has become so expensive. A LOT of investment capital went to projects trying to glorify electrons as an energy source. Investors moved money out of conventional (hydrocarbon) energy into wind mills and solar panels. Now we are seeing the return on those investments. The investment capital for future (todays) production went to "electrify America" projects that don't even provide a fraction of what it takes to run a first world society. So here we are. With an energy supply deficit due to the average investors inability to understand the difference between the energy density of electrons as compared to hydrocarbons. It's like comparing a belt fed machine gun to a water pistol. They're not even in the same category. It is my assertion that the average American is about to decrease their energy utilization by a lot. Whether voluntarily due to concerns for the environment, or due to a lack of available/affordable supply. But that is going to be theme moving forward as best I can tell. Quoting: Anonymous Coward 72946100 You are correct. And targeting a countries energy supply is terrorism. If the energy terrorists can make buying fuel unattractive enough, you'll start to embrace more alternative energy sources. They understand human nature/needs. |
| 7..X.LePsihoLog
User ID: 65381883  Croatia05/18/2022 02:43 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 83295475 United States05/18/2022 02:44 PM Report Abusive Post Report Copyright Violation | |
| AnonyMouse Howard
User ID: 77898480 United States05/18/2022 02:44 PM  Report Abusive Post Report Copyright Violation | Wealth of Elon Musk Quoting: Anonymous Coward 49598504 2012: $2,000,000,000 2022: $273,600,000,000 Wealth of Jeff Bezos 2012: $18,400,000,000 2022: $181,300,000,000 Wealth of Mark Zuckerberg 2012: $17,500,000,000 2022: $76,800,000,000 U.S. Minimum Wage 2012: $7.25 2022: $7.25 Three words: tax the rich. Great points but one thing to keep in mind - while the minimum wage is still 7.25 - the reality on the street in nearly every corner of the states is its much higher prevailing wages - we hire for multiple roles in 5 states and the lowest wage we pay now is 13.75 for unskilled labor - and that is in a rural location with very low cost of living compared to most other areas. All other locations unskilled is now OVER 15 The point you are making though still stands so I am not negating that - we are about to the point with wage inflation where 15 now was the 7.25 of days gone by Plenty of jobs still pay minimum wage But even if what you say is true, then why are Republicans so against raising it?   |
| I AM I WILL
User ID: 74257601 United States05/18/2022 02:45 PM Report Abusive Post Report Copyright Violation | A LOT of bankruptcies are coming. Quoting: Anonymous Coward 21006153 Stores, restaurants, manufacturers, people. There will do anything to reduce the demand to hide the rate of decline. Next up - laws to override zoning and programming to nudge people that high density urban living is not only the responsible way to live, but the cool way! Suburbs, your own vehicle, land of your own... all expensive... all 'not-green', all tacky. Yes, especially the restaurants. How are they going to keep passing on prices when the food gets too expensive? That's easy - they will.. then business will slow down. Then they'll pretend it is only 'temporary' and eventually they will close. Basically the only ones to survive will be within hot trendy areas (gov/sick care/education) and/or those who the owner rolls up their sleeves and really works hard. That means getting rid of all the leeches (e.g. the sis in law who 'manages the front of the house') and serving the community. Even POOR countries have restaurants. But the profits are the slim line where the specialization savings are enough to make it not much more to eat out than to cook yourself. The whole operating model of management heavy restaurants is going to collapse. Good thing for those who work their butts off... there will be plenty of work for them (cook, server, washer, appliance repair, etc.). Their standard of living will go down too... but at least they can eat. Good luck 'gender studying' yourself to food. I spent at least 10 years in the restaurant industry...this has been a tactical take down. Destruction of small businesses and especially those that allow the people to congregate and socialize. Restaurants always ran on a thin margin razor. Most of those people, even the restaurant owners, aren't making much money. They do it because that's what they enjoy. I hate to say it, but I don't think they're going to survive. TPTB don't want people congregating. Unjabbed - Take Dayquil or Nyquil if you get the flu |
Lady Jane Smith
Forum Administrator 05/18/2022 02:45 PM  Report Abusive Post Report Copyright Violation | So I was playing with the charts. If you look at the chart as a whole you can see real clearly the djia is now coming off a triple peak it looks like the top of the 2nd peak was December 2021. Following the spring 2020 covid sell off. That's it folks it's done put a fork in it. Quoting: Desertwolf You mean the head and shoulders pattern? Fate whispers to the warrior "You cannot withstand the storm" the warrior whispers back "I am the storm" INTJ-A  |
| T-Man
Entitled title User ID: 47885652  Netherlands05/18/2022 02:47 PM  Report Abusive Post Report Copyright Violation | ... Quoting: Anonymous Coward 79783212 Hey Aspie, did the MD give you a new script for your autism and garden variety demons?  Aspie  Don't you need to go wash mommy's hair?  why does this suddenly sound like the intro of something... because after the shampooing, she wants a Brazilian wax with a happy ending.  |
| Lady Jane Smith
Forum Administrator 05/18/2022 02:47 PM Report Abusive Post Report Copyright Violation | I underestimated the top and pulled out at $52K. Yep, left some $$$ on the table. Quoting: Lady Jane Smith Now, waiting to see where I think the bottom will be to start easing back in. My guess is between $8K-$9K, but if WWIII breaks out, could go lower. Hey Aspie, did the MD give you a new script for your autism and garden variety demons? Aspie Don't you need to go wash mommy's hair? Maybe those demons in her astral dreams gave her Asperger's on the autism spectrum. No wonder she is a vile nutcase, she has autism and is regularly visited by demons. Lady can you check yourself into the insane asylum, Thanks. What a fucking nutcase. Mommy is ready for her wax now. Best get on that right away. Fate whispers to the warrior "You cannot withstand the storm" the warrior whispers back "I am the storm" INTJ-A |
| 7..X.LePsihoLog
User ID: 65381883 Croatia05/18/2022 02:48 PM Report Abusive Post Report Copyright Violation | I underestimated the top and pulled out at $52K. Yep, left some $$$ on the table. Quoting: Lady Jane Smith Now, waiting to see where I think the bottom will be to start easing back in. My guess is between $8K-$9K, but if WWIII breaks out, could go lower. Hey Aspie, did the MD give you a new script for your autism and garden variety demons? Aspie Don't you need to go wash mommy's hair? Maybe those demons in her astral dreams gave her Asperger's on the autism spectrum. No wonder she is a vile nutcase, she has autism and is regularly visited by demons. Lady can you check yourself into the insane asylum, Thanks. What a fucking nutcase. would you be so kind and fuck off from my cuzz, please?... or, i can help you with it.... |
| T-Man
Entitled title User ID: 47885652 Netherlands05/18/2022 02:48 PM Report Abusive Post Report Copyright Violation | ... Quoting: T-Man bruh i love you. literally for years ive been saying all of the big things that are happening are all about oil. nothing more. from global warming, lockdowns, shipping issues, travel restrictions etc. look up Michael Ruppert and the movie Collapse! Mike was a little off on his timeline but spot on! Everything we are seeing is over a finite amount of fossil fuels that can be extracted from the earth!  will do! and heres in case others want to watch it too thnx for doc.... ayyy, thats why i posted it :)  |
| Anonymous Coward User ID: 83252700 05/18/2022 02:49 PM Report Abusive Post Report Copyright Violation | The guy inn the shitty single wide thinks it's the guy in the new double wide. depends what you see as "rich".... i observe "things" as do they have a value , but , FOR ME!.... Jeff Bezos and Elon Musk are pretty poor actually. Jeff gets paid like a $76,000 salary from Amazon and Elon gets paid like a $36,000 salary so they are in low tax brackets. |
| Anonymous Coward User ID: 69975146 United States05/18/2022 02:49 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 83294138  France05/18/2022 02:50 PM Report Abusive Post Report Copyright Violation | See the PPT doesn't pump the markets, Quoting: Anonymous Coward 83294138 because China is leaving the boat, no tips for rogue China, plus the bad economics, the bleeding won't stop. china is in big problems.... Pure logic, Chineses don't want the fat cats to grab their assets and funds located in western banks, brokerage, speculative funds ect you name it, when they will unleash their take over of Taiwan. The writing is on the wall, Billions and billions are leaving the market place, when the word will spread across the board, there's gonna be a sell off to stop losses, the fall will then suddenly accelerate. |
| Lady Jane Smith
Forum Administrator 05/18/2022 02:50 PM Report Abusive Post Report Copyright Violation | ... Quoting: Anonymous Coward 79783212 Hey Aspie, did the MD give you a new script for your autism and garden variety demons? Aspie Don't you need to go wash mommy's hair? Maybe those demons in her astral dreams gave her Asperger's on the autism spectrum. No wonder she is a vile nutcase, she has autism and is regularly visited by demons. Lady can you check yourself into the insane asylum, Thanks. What a fucking nutcase. would you be so kind and fuck off from my cuzz, please?... or, i can help you with it.... Amusing an obsessed stalker is calling someone else crazy.  Fate whispers to the warrior "You cannot withstand the storm" the warrior whispers back "I am the storm" INTJ-A |
| Anonymous Coward User ID: 79620320 United States05/18/2022 02:50 PM Report Abusive Post Report Copyright Violation | |
| I AM I WILL
User ID: 74257601 United States05/18/2022 02:51 PM Report Abusive Post Report Copyright Violation | Suddenly this thread is like Dear Penthouse met Miggytow Last Edited by Emerald Sky on 05/18/2022 02:51 PM Unjabbed - Take Dayquil or Nyquil if you get the flu |
| Desertwolf
User ID: 83296183 United States05/18/2022 02:52 PM Report Abusive Post Report Copyright Violation | So I was playing with the charts. If you look at the chart as a whole you can see real clearly the djia is now coming off a triple peak it looks like the top of the 2nd peak was December 2021. Following the spring 2020 covid sell off. That's it folks it's done put a fork in it. Quoting: Desertwolf You mean the head and shoulders pattern? Yes and it's very obvious when you scroll out to all historical data available And here we are staring at each other through an electronic............ error goto ram I FIGHT FOR ROME!!! |
| Lady Jane Smith
Forum Administrator 05/18/2022 02:52 PM Report Abusive Post Report Copyright Violation | The guy inn the shitty single wide thinks it's the guy in the new double wide. depends what you see as "rich".... i observe "things" as do they have a value , but , FOR ME!.... Jeff Bezos and Elon Musk are pretty poor actually. Jeff gets paid like a $76,000 salary from Amazon and Elon gets paid like a $36,000 salary so they are in low tax brackets. Many people do not understand the difference between income and wealth. Granted those two can liquidate a lot of capital fast if need be. Fate whispers to the warrior "You cannot withstand the storm" the warrior whispers back "I am the storm" INTJ-A |
| 7..X.LePsihoLog
User ID: 65381883 Croatia05/18/2022 02:52 PM Report Abusive Post Report Copyright Violation | The guy inn the shitty single wide thinks it's the guy in the new double wide. depends what you see as "rich".... i observe "things" as do they have a value , but , FOR ME!.... Jeff Bezos and Elon Musk are pretty poor actually. Jeff gets paid like a $76,000 salary from Amazon and Elon gets paid like a $36,000 salary so they are in low tax brackets. money only has value if you make it in right way.... otherwise, you are doomed... |
| Anonymous Coward User ID: 83295475 United States05/18/2022 02:53 PM Report Abusive Post Report Copyright Violation | |
| Lady Jane Smith
Forum Administrator 05/18/2022 02:55 PM Report Abusive Post Report Copyright Violation | So I was playing with the charts. If you look at the chart as a whole you can see real clearly the djia is now coming off a triple peak it looks like the top of the 2nd peak was December 2021. Following the spring 2020 covid sell off. That's it folks it's done put a fork in it. Quoting: Desertwolf You mean the head and shoulders pattern? Yes and it's very obvious when you scroll out to all historical data available The Dow also hit the 100 year trendline about a year ago. These things take time to play out when looking at such a long term line. Every time it has hit the trend line in the past, a serious downturn soon followed -- crash of 1929 was most extreme. I do want to point out to folks who may not realize this, the crash of 1929 did not fully bottom, and start to move up, until 1932. Fate whispers to the warrior "You cannot withstand the storm" the warrior whispers back "I am the storm" INTJ-A |
| rccola
User ID: 50034595 United States05/18/2022 02:57 PM Report Abusive Post Report Copyright Violation | Wealth of Elon Musk Quoting: Anonymous Coward 49598504 2012: $2,000,000,000 2022: $273,600,000,000 Wealth of Jeff Bezos 2012: $18,400,000,000 2022: $181,300,000,000 Wealth of Mark Zuckerberg 2012: $17,500,000,000 2022: $76,800,000,000 U.S. Minimum Wage 2012: $7.25 2022: $7.25 Three words: tax the rich. Make Labor Great Again! Stop importing 3rd world labor that regards $7.25 minimum wage as wonderful, as they remit it to their homeland where it is wonderful then cycles in their homeland, not the USA. |
| 7..X.LePsihoLog
User ID: 65381883 Croatia05/18/2022 02:57 PM Report Abusive Post Report Copyright Violation | See the PPT doesn't pump the markets, Quoting: Anonymous Coward 83294138 because China is leaving the boat, no tips for rogue China, plus the bad economics, the bleeding won't stop. china is in big problems.... Pure logic, Chineses don't want the fat cats to grab their assets and funds located in western banks, brokerage, speculative funds ect you name it, when they will unleash their take over of Taiwan. The writing is on the wall, Billions and billions are leaving the market place, when the word will spread across the board, there's gonna be a sell off to stop losses, the fall will then suddenly accelerate. for little bug-man, that do have a conc camps today for retarded ones, taiwan is OFF LIMITS!.... no matter how you slice it or dice it.... and it is, after all, a volcano...chinamans do like "their" coast, do they?.... with tibet it went something for something but that is over.... Last Edited by PsihoLog on 05/18/2022 03:07 PM |
| Anonymous Coward User ID: 81073493 United States05/18/2022 02:58 PM Report Abusive Post Report Copyright Violation | |
| 7..X.LePsihoLog
User ID: 65381883 Croatia05/18/2022 02:59 PM Report Abusive Post Report Copyright Violation | ... Quoting: Lady Jane Smith The guy inn the shitty single wide thinks it's the guy in the new double wide. depends what you see as "rich".... i observe "things" as do they have a value , but , FOR ME!.... Jeff Bezos and Elon Musk are pretty poor actually. Jeff gets paid like a $76,000 salary from Amazon and Elon gets paid like a $36,000 salary so they are in low tax brackets. Many people do not understand the difference between income and wealth. Granted those two can liquidate a lot of capital fast if need be. those two are doing it that way to avoid taxes.... and, elon is in governmental clutches.... so, he can lose it all over night... |
| Anonymous Coward User ID: 81073493 United States05/18/2022 02:59 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 83070820 United States05/18/2022 03:01 PM Report Abusive Post Report Copyright Violation | Yes exactly. And no I’m not happy about it. A stock correction would’ve been good, they were overpriced. But this is more indicative of a major recession like 2008. A recession is badly needed. Look at the price of everything, especially stocks. Stocks don't move straight up like that to the nosebleeds without and eventually rubber band snap back to reality. It's just the beginning. Has a LONNNNNNG WAY to fall. Yes it does, just look at a 100 year graph of the DOW jones [imgur] [link to i.imgur.com (secure)] That, is an exponential function that has entered the hyperbolic phase. Sort of like a 100 year Dutch Tulip Bubble. It would be intersting to see the same graph in "constant dollars" The fact that inflation is not calculated in makes huge difference in that graph. |
| Anonymous Coward User ID: 83295475 United States05/18/2022 03:01 PM Report Abusive Post Report Copyright Violation | |
