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Big River
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Author Topic: Party over!! World’s longest running bull market – 55y Aus housing...  (Read 3973 times)

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Gympiegoat

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Chase co-president predicts stock market drop of up to 40%
Keep in mind that a 40% drop in the S&P 500 only returns it to the level of mid 2013:

JP Morgan Chase Co.'s co-president says the bull market's long run still has a little more gas left in the tank, but after that, watch out.

In an interview with Bloomberg TV reported Thursday by CNBC, Daniel Pinto warned investors that equities could see a deep correction of up to 40 percent.

"The equity market has some way to go for the next year to two," Pinto said. "But then, if there is a correction, it could be a deep correction. It could be between 20 and 40 percent depending on the valuations at the time. The most important thing for someone like us is just to be prepared."

So how should one prepare for potential portfolio implosion? Pinto suggested the following:

1) Keep an eye on inflation. If it rises too quickly, it "forces the central banks to go a little faster and quickly (in raising rates) than they're doing now."

2) Watch economic indicators to be sure "that they don't show that the economy is sliding down."

3) Be aware of "some geopolitical issues" that could trigger interest rate hikes. He did not elaborate.

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I'll raise him 20%.
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Malewithatail

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Only tangble goods will do from now on. Things u can hold in yr hands, like land, seeds, comms gear etc. That and knowledge will be the future. Accountants, economic dicks, talking heads on tv, and such like will be useless eaters, of no use in the world after TSHTF. Whilst u can, do u-tube vids on repairing bycycles, welding etc, knowledge will be power in the future world.
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Arkane

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Yep
All it will take is a big death toll from flu in oldies emptying half of retirement villages to start the crash!
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Mia

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I'm a bit concerned with how much hand-rubbing anticipation some people are displaying at the thought of the up-coming crash. Yes, it needs to happen. However...the victims will include the innocent ones, as well. I remember seeing an article about an elderly lady living in a basement with no heat, electricity or food, with only her dog for a companion, while Ukraine is at war. Explain to her why her life is destroyed because some assholes can't use their words to resolve conflicts. I dread to think how many helpless people will be victims in this war, of a slightly different kind. The ones who are responsible will get away, unscathed, as per usual.
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OzHippy

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I'm a bit concerned with how much hand-rubbing anticipation some people are displaying at the thought of the up-coming crash. Yes, it needs to happen. However...the victims will include the innocent ones, as well. I remember seeing an article about an elderly lady living in a basement with no heat, electricity or food, with only her dog for a companion, while Ukraine is at war. Explain to her why her life is destroyed because some assholes can't use their words to resolve conflicts. I dread to think how many helpless people will be victims in this war, of a slightly different kind. The ones who are responsible will get away, unscathed, as per usual.
What you say is true but most on this forum have had a gut full of corruption and thieving governments. This is currently causing many innocents to suffer.

The main issue is that the financial systems have to collapse as the debt load is simply not sustainable - the longer they kick the proverbial can down the road and delay the inevitable the worse the collapse and the bigger the disaster. 

This time round I think the rich and gov officials will see their asses.  Every major civilisation has collapses since Babylon, Greeks, Mongols, Ottoman empire, Romans etc.... Each time the rulers were publicly hanged a, butchered and blamed for all the bloodshed and poverty. 

I am of the opinion bring it on but yes tens of millions will die from the ensuing famine, war and bio-engineered plagues.  It is like going to active combat where you wait for the shooting to start, one gets to the point just let it begin and get over with it...  The financial doomsday is coming very soon - it is kind of nerve racking watching the whole thing unfold - it is sometimes lets just get the show on the road and see what happens.
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We live in interesting times!!

OzHippy

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In the news today - it is all about the potential for war - as people temporary forget about the economy.

The Russians just nerve gassed a retired double agent in UK. Britain kicked out 23 diplomats and cut formal ties with Russia.
Historical trade wars have triggered hot wars, Perl harbour attack was in response to US oil blockage of Japan and trade cut off.

UK Expels 23 Russian Diplomats, Freezes Russian Assets, Suspends High-Level Contacts
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Russia Slams "Unprecedented, Hostile" UK Action, Vows Retaliation
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Paul Craig Roberts Goes There: "World War 3 Is Approaching"
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White House Blames Russia For "Abhorrent" Attack, As Haley Warns Of Russian Chemical Weapons In New Yor
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Trump's Tariffs Could Start A Real War
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Quote
There’s a 75% chance the US and China will go to war. That’s according to Graham Allison, a professor at Harvard.
Allison looked at the structural stresses that a rising global power creates when it challenges the ruling power. He studied 16 such cases. In 12 of them, the result was war.
This dynamic played out between Athens and Sparta. It played out between Germany and Britain. And today, it’s playing out between China and the US.

Lee Kuan Yew, the former leader of Singapore, put it this way:
The size of China’s displacement of the world balance is such that the world must find a new balance.
It is not possible to pretend that this is just another big player. This is the biggest player in the history of the world. Military conflict between the US and China is not inevitable. But if history is any guide, there’s an excellent chance - say, 75% - that the US and China will go to war in the not so distant future.
« Last Edit: March 15, 2018, 10:02:39 pm by OzHippy »
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We live in interesting times!!

Mia

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Anyone ever heard of the Plunge Prevention Team? Their role is to stop the system collapsing (stock market), until the masters are ready. The rich are busy buying vast amounts of land and building bunkers, they will not suffer as the world consumes itself. Not sure if anyone is familiar with The Venus Project, which proposes a resource based economy sans money, but it shows a way out of this shit without having to destroy the world first.
I just don't believe the coming collapse will result in the destruction of the rich corrupt ones as they are the ones who orchestrate these events in the first place.
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graynomad

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The Venus project sounds great, but I just can't help thinking that it would be ruined by power-hungry arseholes as well, or am I just a cynical old bugger :)

The thing about the stock market is that it has no relation to the health (or otherwise) of the economy, it's just a giant casino based on thin air. That said if it really crashes it will take many things with it, superannuation for example.

I also don't think a collapse (economic that is) will help anyone except the current powers that be because turds will always float to the top. OTOH a fast Armageddon such as a CME may well create a more level playing field for a while, or if not level at least tilted more in our favour than the current system.

But eventually it will be the same ol' same ol', powerful people controlling everyone else.
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Scattered showers my arse -- Noah, 2348BC.

grenadier

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I have to check out this Venus project, in the meantime, it would be so easy to bury the head in the sand ---and keep going. But alas and alack, us preppers aren't like that. We stand our ground and use our heads and know we can't save the world. I don't ask for much and that's usually what I get. And that's enough. Enough is always enough.
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Mia

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The Venus project sounds great, but I just can't help thinking that it would be ruined by power-hungry arseholes as well, or am I just a cynical old bugger :)

The thing about the stock market is that it has no relation to the health (or otherwise) of the economy, it's just a giant casino based on thin air. That said if it really crashes it will take many things with it, superannuation for example.

I also don't think a collapse (economic that is) will help anyone except the current powers that be because turds will always float to the top. OTOH a fast Armageddon such as a CME may well create a more level playing field for a while, or if not level at least tilted more in our favour than the current system.

But eventually it will be the same ol' same ol', powerful people controlling everyone else.

Can't disagree with anything you've said. People are arseholes. Period. Even if involved with something they LOVE, they find a way to monetise it, then greed always takes over. I don't want to live in a country a la Greece, where young people are so devoid of hope, they go out every night to burn and destroy things. I have elderly family/neighbours, can't enjoy the results of my prepping if they are suffering. I think people will have a major shift in attitude when it's happening right next door, not just on TV. The other possibility is that the collapse is used to force us into a socialist dystopia, so nobody is allowed to starve to death, but the government feeds you and therefore controls you.
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grenadier

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The other possibility is that the collapse is used to force us into a socialist dystopia, so nobody is allowed to starve to death, but the government feeds you and therefore controls you. says Mia.

Some would say it's here in Oz already.
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OzHippy

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Governments are broke and cant afford the welfare states that they have created. There is no rolling back as any western gov that tried that would loose the vote - in the US it is something like 45% of all house holds receive some sort of welfare assistance  - in Aus it is prob higher.  Individual tax is very high to try and cover the welfare payments but it is not working or sustainable.

It is way oversimplification to say the rich all have bunkers and will be ok when the system collapses.  First very few have bunkers - the media reports are overplayed.  Second if the so called rich go into a bunker in a collapse situation their money in the bank, property will all be lost - they might be ok till the food runs out.  As soon as their money is worthless then the security guys managing the bunker will take control throw them out or execute them.

Yes never let a tragedy go to waste - so out of the chaos a few warlords or groups will rise to dominance and history will keep repeating itself. If you have a religious or biblical view the Gods come down and order is restored on a permanent bases.

After the black death (plague) that killed of 1/3 of the population of Europe the farm hands or more like slaves got far better wages and were treated better as there was simply not enough workers to maintain all the farms - it broke the fudal land lord system - that lead to private ownership that we have today.  Except the banks are slowly removing private ownership which is steadily droppings in Australia.  Most properties are bought by 'investors'.  Time for a reset. PS the black plague was indiscriminant both wealthy and poor were taken out. 
When Rom fell all the governors were taken out.  The US constitution has now been totally corrupted and basically no longer exists If all governments were setup using the original US constitution then we would not be seeing any of the problems we have today.
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We live in interesting times!!

Gympiegoat

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Mia, This is why the system, stock market, finance & everything else, will collapse.
There can not be endless growth on a finite world.
The exponential function will soon come into play. Please watch if you have not seen it before.

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Too many people consuming too much. Simple as, & tied to a ponzi scheme with corrupt leaders it is only a matter of time.
This is why Germany & Japan went to war, expansion & resources.
This is why the US keeps interfering in other countries - destabilization & control of resources.
This is why Russia invaded Afghanistan.
This is why China took over Tibet & Mongolia.
List is endless.

With less for everyone everyone's margin shrinks. There are not many governments that will sit back & accept worse & worse condition & maybe eventual starvation without looking over the fence.

There are & will be technological fixes that will extend or even improve some situations but at what cost. More people, more pollution & more resources consumed the longer the present situation continues.
Imagine Australia with 40 million pop.
 Imagine Asia, Africa, Russia & the Middle East full of Kim Kardashians demanding to consume endlessly & mindlessly. If you had the money who would not buy a 80 inch tv for $500. But car & house prices show the real resource shortage. Making pallets out of plastic is a good example of the timber shortage & that only makes the oil problem worse & the plastic problem worse. 10,000 shipping containers are lost at sea each year. There would be a lot of pallets in most containers.

Some US installations for dreamers.   You are not allowed to view links. Register or Login

I'd want better weapons than the guards. lol



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Mia

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It is way oversimplification to say the rich all have bunkers and will be ok when the system collapses.

Never said ALL the rich have bunkers. 'The rich', / elite/masters is just a generic term for the ones who orchestrate these evens, George Soros comes to mind. Plenty of rich people are also sheeple without a clue, they are not the ones I'm talking about. And if Agenda 21 is real, then they have bigger aspirations than just wealth preservation.
« Last Edit: March 17, 2018, 08:07:14 pm by Mia »
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Mia

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If all governments were setup using the original US constitution then we would not be seeing any of the problems we have today.

That I agree with 100%. The US constitution is the most beautiful document ever written, however it is obsolete, and new police and army recruits are being taught that the founding fathers were not patriots, even traitors.
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