Whats next ?
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Whats next ?
Do something Danke
Why did the Fed drop bank reserve requirements to zero? Liquidity issues? Fears of a run on the banks?
What can we expect in the near term with banks having free reign after decoupling the credit markets from deposits?
Spread the word: Gold as Unpegged Legal Tender (GAULT) | PMBug's Vault (Articles)
It created panic last time, and it created panic again this time. Meets the definition of insanity.
"Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
"Beware the Military-Industrial-Financial-Pharma-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
"Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
"Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
Proponent of real science.
The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.
So when do mortgages and small business loans go down to 1%?
When do credit card rates go down to 2-6%?
Don’t hold your breath.
"Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
"Beware the Military-Industrial-Financial-Pharma-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
"Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
"Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
Proponent of real science.
The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.
Dow down 15 percent , Gold down 2 percent Dow down about 33 percent in the past few days. Gov.'s are shutting economies , so are we at the bottom ?
Do something Danke
Oh i think there plenty of room to drop further... trying to stave off panic but am honestly concerned with how much further this can drop. Next comes the real estate market along for the ride.
"Nobody wins in a Dairy Challenge" ~ Kenny Rogers, RIP
"When a man who is honestly mistaken hears the truth, he will either quit being mistaken, or cease to be honest." ~ anonymous
“The fate of all mankind I see
Is in the hands of fools” ~ King Crimson
I went to the butcher today . Place was wiped out . I got a roast , some bacon and tenderloin and other than a few chicken legs and some sausage that was all there was . No chops , no steaks , no shoulder , breast or wings . I have never seen that place depleted before , so record sales I am sure . I am guessing it is because Gov's have been closing restaurants in every state around me . I went to the bank today to deposit a check . Lobby was closed , had to use the drive through . I hate the drive through but I won't need to go back for at least a week .
Do something Danke
"Nobody wins in a Dairy Challenge" ~ Kenny Rogers, RIP
"When a man who is honestly mistaken hears the truth, he will either quit being mistaken, or cease to be honest." ~ anonymous
“The fate of all mankind I see
Is in the hands of fools” ~ King Crimson
Ha, I just bought two more gas cans tonight.
"Nobody wins in a Dairy Challenge" ~ Kenny Rogers, RIP
"When a man who is honestly mistaken hears the truth, he will either quit being mistaken, or cease to be honest." ~ anonymous
“The fate of all mankind I see
Is in the hands of fools” ~ King Crimson
One analyst tweeted something that actually made some sense. He said the markets won't stop falling until we see the actual corona emergency starting to improve. I think he's right. Until we get a handle on things and cases start going down and we start resuming normal activities the markets will keep falling.
I agree. This flu bug will run its course and the market will spring back up like a dandelion.
But they do a flu bug scare yearly. The H1N1 was far worse, but it didn't affect the market like this. This market is existing volatility looking for an excuse. Confidence is back to zero. Everything's overvalued and everyone knows it.
Just like in 2008. These shocks are a sign. The actual crash is coming. Yeah, the mainstream media says three biggest crashes ever like the dollar amount means something. Comparing this to 1929 by the numbers is comparing pennies to dollars. These are just volatility--a symptom. The real crash is coming.
Most happen in late September or October, some in late April or May. Will they be able to blow the bubble back up after that one?
1. Yes
2. Possibly.
I think it's likely that the Fed's concern was the corrallary issue of economic deflation (covid19 fears, etc) causing people to pull cash and banks facing liquidity issues trying to meet reserve requirements. In effect, it might be a chicken and egg scenario. They might have dropped the reserve requirement because there already exists enough of a bank run to cause banks stress.
Spread the word: Gold as Unpegged Legal Tender (GAULT) | PMBug's Vault (Articles)
I have gone through every market chart I can find of big declines in history. There is no historical precedent in the speed and depth of this decline. And it is actually masked because smaller companies which make up most the market are really getting crushed. The Russell 2000 is down 40% the past three weeks
As far as comparing this to 1929, here are the biggest down days in percentage terms of the Dow (which was around in 1929) Today was the second biggest down day ever (biggest for the Nasdaq and Russell). Thursday the fifth biggest and the Wednesday before the 13th.
1 1987-10-19 1,738.74 −508.00 −22.61 2 2020-03-16 20,188.52 −2,997.10 −12.93 3 1929-10-28 260.64 −38.33 −12.82 4 1929-10-29 230.07 −30.57 −11.73 5 2020-03-12 21,200.62 −2,352.60 −9.99 6 1929-11-06 232.13 −25.55 −9.92 7 1899-12-18 58.27 −5.57 −8.72 8 1932-08-12 63.11 −5.79 −8.40 9 1907-03-14 76.23 −6.89 −8.29 10 1987-10-26 1,793.93 −156.83 −8.04 11 2008-10-15 8,577.91 −733.08 −7.87 12 1933-07-21 88.71 −7.55 −7.84 13 2020-03-09 23,851.02 −2,013.76 −7.79
"Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
"Beware the Military-Industrial-Financial-Pharma-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
"Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
"Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
Proponent of real science.
The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.
"Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
"Beware the Military-Industrial-Financial-Pharma-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
"Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
"Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
Proponent of real science.
The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.
I’ve made a few posts in this thread and i’d Like to clarify my thoughts. I don’t think TEOTWAWKI is happening. I have always preached keeping cash in small denominations for a variety of reasons, ie hurricanes, ect. I did actually but two gas cans today and filled them. Why? Because i am in a position to be able to do it. I also bought some 9mm, added 100 rounds, nothing crazy, today too.
I am not a prepper in the sense of... That said I think everyone should consider putting themselves in a position to be as safe as possible without neglecting their day to day lives.
Do the best you can for yourself and family within means and without being crazy.
I do follow the mantra...
Ob,la,di ob,la,da... life goes on...
"Nobody wins in a Dairy Challenge" ~ Kenny Rogers, RIP
"When a man who is honestly mistaken hears the truth, he will either quit being mistaken, or cease to be honest." ~ anonymous
“The fate of all mankind I see
Is in the hands of fools” ~ King Crimson
"Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
"Beware the Military-Industrial-Financial-Pharma-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
"Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
"Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
Proponent of real science.
The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.
Dare we actually say it? Modern electronic transactions have probably saved us from bank runs. Millennials and younger have no reason for cash. As long as their cards still work, no problems.
As a matter of fact, this is probably the most important difference between the current panic and the Great Depression.
"Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
"Beware the Military-Industrial-Financial-Pharma-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
"Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
"Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
Proponent of real science.
The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.
"Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
"Beware the Military-Industrial-Financial-Pharma-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
"Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
"Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
Proponent of real science.
The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.
Schiff (former Ron Paul economic adviser) says its worse than WW2 and the bottom could be another 60% or so:
https://youtu.be/ixelsjTCW-g
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