Capitol Hill Blue Forums Political Issues Finance, the economy & Economics The coming crash

I have no dog in the fight and don’t care. There both shite as are both parties.
Will be helping with down ballot races.
Support leftists at local level, our Medicare for all state level plan. Might be some movement there as our governor was laying out why this virus will be harder to deal with by letting Mr. Market decide who gets healthcare and how much.

I won’t be playing a hypocrite by voting for Biden.

Meanwhile, the economies lifeblood is blowing out:

“ Citi: $5 oil is possible. Citigroup laid out a pessimistic scenario in which WTI falls to $5 per barrel. Energy Aspects said Brent could fall to $10. Mizuho Securities said some oil could even fall into negative territory absent shale shut-ins. “This is Operation Desert Storm, Enron, 9/11, Hurricane Katrina/Rita, Lehman Bros, combined,” Stephen Schork, president of the energy consultancy Schork Group Inc., told Bloomberg.”

The Very Real Prospect Of $5 Oil

Shale fracking was always a grift, being no more profitable than when they pondered atomic bomb fracking back in the 50’s. Real death cult energy there, destroying wells and water. Here in upstate, local municipalities have been spraying fracking well juice on roads in lieu of traditional salting to save money. Never mind what’s in it (no one knows) or how radioactive it may be. Ditto on where the run off winds up. Death can’t come quick enough for that barrel of murderous Wall Street grifters, field equipment suppliers, well drillers and the politicians that took the money.

Anyone with a geiger counter could tell in a minute how radioactive it is.

For some fun, go look at the Dow Jones with the 5 year filter on it.

Thanks. I was wondering why dipping Early Pregnancy test strips in mud puddles wasn't working.

I knew Trump's term would include a Black Swan Event, and a totally inept response. Hope you all ignored his flunky's advice to go out and buy stocks a few thousand DJIA points ago.

My ex dropped a quarter mil after the first dip. It'll come back someday but that's a big chunk of money that can't be used until it does come back.

Me? I got nuthin' and got nuthin' to lose. I made my bad choices back in 2008.

Isn’t that the opposite of a black swan event? The whole point of one is it’s near impossibility to predict and happen?
If, on the other hand, you were looking at the composite P/E ratio of the markets or watching them crap their pants at the slightest hint of a fed rate hike then, yeah, you could make the case that we were in a rentier’s economy and the largest product we now make is debt. There’s only a few ways for that to go.

Today’s announcement by the Fed, to backstop commercial lending markets, looks to be Following the same path as Obama. Protect the aristocracy, let the plebes fend for themselves. Unless I’m missing something here it should produce similar outcomes but worse that Obama’s ‘let them eat cake’ policies did.

Well I guess we should impeach Obama and reelect Trump, then.

Is that an argument?