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... oh, goodie.
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Aug 24, 2015 18:44
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Shadoer posted:I know, somehow the United States has become the "safe haven market". What do you mean, "somehow"? Biggest economy, most trusted currency, the major bubble present is primarily in the private market as opposed to public stocks, and so on.
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Aug 24, 2015 18:55
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Nintendo Kid posted:What do you mean, "somehow"? Biggest economy, most trusted currency, the major bubble present is primarily in the private market as opposed to public stocks, and so on. It's almost like people who said this all this morning were right.
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Aug 24, 2015 18:56
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Nintendo Kid posted:What do you mean, "somehow"? Biggest economy, most trusted currency, the major bubble present is primarily in the private market as opposed to public stocks, and so on. True, I'm just a bit surprised a number of the Euro markets like the London exchange didn't rally in the same way.
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Aug 24, 2015 19:02
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Auto industry in the U.S. Is going to take this hard. Europe is not rebounding because internal growth is hosed there with or without China but is being made worse by what is happening in China. Some tech companies are not going to have a good time like Apple. Google and Facebook and others who have no footprint in China are going to be as impacted.
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Aug 24, 2015 19:08
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Shadoer posted:True, I'm just a bit surprised a number of the Euro markets like the London exchange didn't rally in the same way. Eurozone hosed itself over by deciding to pull their bullshit with Greece, which makes the whole area look suspect. London's too tied to all that even though it isn't in the Eurozone.
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Aug 24, 2015 19:21
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So is the Euro going to lose more value against the dollar in the next few days? I'm expecting a payment in euros and I'm in the US and really don't want it to be worth less.
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Aug 24, 2015 19:23
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cheesetriangles posted:So is the Euro going to lose more value against the dollar in the next few days? I'm expecting a payment in euros and I'm in the US and really don't want it to be worth less. It's not going to do anything dramatic in all likelihood, you might lose a couple cents.
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Aug 24, 2015 19:34
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Junior G-man posted:I remember the Bear Stearns CEO saying something so similar. See, things weren't really that bad for anybody except China and EMs. The United States will be doing just fine, if not even better.
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Aug 24, 2015 19:39
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theres some weird fetishism of a financial collapse that'll, if it comes, be terrible for a lot of ppl itt. also its not really that bad i think
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Aug 24, 2015 19:41
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Yeah I can't possibly understand why people are awaiting another crash after we decided to fix nothing after the last one, wages are lower in real terms than they were in 2008, and showed how vulnerable we (as citizens of the world) are. Just can't see why people are pissed and awaiting some sort of cleansing.
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Aug 24, 2015 19:45
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Radbot posted:Yeah I can't possibly understand why people are awaiting another crash after we decided to fix nothing after the last one, wages are lower in real terms than they were in 2008, and showed how vulnerable we (as citizens of the world) are. Just can't see why people are pissed and awaiting some sort of cleansing. I assume they're the same idiots who think electing a Republican would result in people getting fed up with the system and pave the way for the Glorious Revolution.
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Aug 24, 2015 19:47
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Financial crisis will not, on its own, give rise to left-wing movements when there's no organized left to speak of. It's more likely that xenophobia and Trumpamania will be the result.
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Aug 24, 2015 19:48
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Radbot posted:Yeah I can't possibly understand why people are awaiting another crash after we decided to fix nothing after the last one, wages are lower in real terms than they were in 2008, and showed how vulnerable we (as citizens of the world) are. Just can't see why people are pissed and awaiting some sort of cleansing. The last crash removed a major source of instability in the US, which fixed a lot of things with regards to vulnerability of the economy just by no longer being present.
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Aug 24, 2015 19:49
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Radbot posted:Yeah I can't possibly understand why people are awaiting another crash after we decided to fix nothing after the last one, wages are lower in real terms than they were in 2008, and showed how vulnerable we (as citizens of the world) are. Just can't see why people are pissed and awaiting some sort of cleansing. I don't think its awaiting the crash or excited, but more the idea that the economics gaming that China has done is coming home to roost and is correcting the market. It had to happen eventually.
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Aug 24, 2015 19:50
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Nintendo Kid posted:The last crash removed a major source of instability in the US, which fixed a lot of things with regards to vulnerability of the economy just by no longer being present. Yeah this. The only real bubbles left in the US is the student loan one and to a lesser extent the tech 2.0 one. The tech one crashing wouldn't be terrible since it's much smaller than the first tech bubble of the 90's, and the student loan one can't really burst unless everyone under 30 with student loans commits suicide since that's the only way they can get out of it.
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Aug 24, 2015 19:54
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A Winner is Jew posted:the student loan one can't really burst unless everyone under 30 with student loans commits suicide since that's the only way they can get out of it. And it's more or less completely owned by the Federal Government.
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Aug 24, 2015 19:55
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BI NOW GAY LATER posted:I assume they're the same idiots who think electing a Republican would result in people getting fed up with the system and pave the way for the Glorious Revolution. I don't know, you'd have to ask them. I'm trying to retire eventually so stock market crashes are generally A Bad Thing(TM).
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Aug 24, 2015 19:56
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A Winner is Jew posted:and the student loan one can't really burst unless everyone under 30 with student loans commits suicide since that's the only way they can get out of it. considering the popularity of Creative Writing that might be more likely than everyone thinks
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Aug 24, 2015 19:56
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Let's be honest did anyone think that China would make a seamless transition from a manufacturing industrial economy to a consumer/high value service industry with the controlling elements in their society (censorship/propaganda)?
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Aug 24, 2015 19:58
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Sheng-ji Yang posted:Dow has almost completely recovered now I wouldn't speak too soon.
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Aug 24, 2015 19:58
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Nintendo Kid posted:The last crash removed a major source of instability in the US, which fixed a lot of things with regards to vulnerability of the economy just by no longer being present. It's not like any of those any of those troubled assets went away, though. BoA tried repeatedly to dump them and Citi put them in separate holdings.
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Aug 24, 2015 19:59
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tbp posted:theres some weird fetishism of a financial collapse that'll, if it comes, be terrible for a lot of ppl itt. also its not really that bad i think it is kind of funny how quickly things here switched from "lol china wouldn't it be funny if there's a civil war/??" to "Oh poo poo am I gonna be affected too?" hundreds of millions of people suffering on the other side of the world ha ha schadenfreude
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Aug 24, 2015 20:00
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Radbot posted:Yeah I can't possibly understand why people are awaiting another crash after we decided to fix nothing after the last one, wages are lower in real terms than they were in 2008, and showed how vulnerable we (as citizens of the world) are. Just can't see why people are pissed and awaiting some sort of cleansing. I can't speak for anyone else, and I can't say I'm rooting for a crash either. But, for the most part, my interest in this stems from boredom. Something different is happening in the world, that is pretty cool.
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Aug 24, 2015 20:06
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Radbot posted:Yeah I can't possibly understand why people are awaiting another crash after we decided to fix nothing after the last one, wages are lower in real terms than they were in 2008, and showed how vulnerable we (as citizens of the world) are. Just can't see why people are pissed and awaiting some sort of cleansing. Uhhh because Mad Max was loving awesome.  I either spend the next 30+ years working in an office and then (maybe? eventually?) retire when my mind and body are failing, or I get to dress up in a loincloth and pieces of old tires with spikes in them and blow myself up while taking out an enemy car and then ride eternal in Valhalla.
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Aug 24, 2015 20:09
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I prefer sandwiches over two-headed geckos, personally.
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Aug 24, 2015 20:11
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The Butcher posted:Uhhh because Mad Max was loving awesome. If you live in Oakland, you can do both.
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Aug 24, 2015 20:11
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Job Truniht posted:It's not like any of those any of those troubled assets went away, though. BoA tried repeatedly to dump them and Citi put them in separate holdings. And why do you think this is in any way relevant to the current market? They're basically siloed and ineffectual.
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Aug 24, 2015 20:22
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So all I see is headlines talking about how investors are panicking. Almost every  PANIC headline/article is followed by a "relax everything is fine and this is just a correction" article.So I'm going to trust the good goons of SA and ask: uhmmm....who do I believe?
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Aug 24, 2015 20:23
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fart blood posted:So all I see is headlines talking about how investors are panicking. That's the trick: The Chinese Government has been propping up the markets for ages, misreporting debt an dumping funds to maintain their standing. It is a correction. Its going to be a HARD correction.
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Aug 24, 2015 20:25
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CommieGIR posted:That's the trick: The Chinese Government has been propping up the markets for ages, misreporting debt an dumping funds to maintain their standing. It really depends on exactly where you are and what you are invested in, but obviously China is going to be hit far harder than anywhere else. If you are in the US and not invested in energy, it very well be not a very big deal with some exceptions.
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Aug 24, 2015 20:28
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CommieGIR posted:That's the trick: The Chinese Government has been propping up the markets for ages, misreporting debt an dumping funds to maintain their standing. Well gee I just got a new job too. Thanks, China! 
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Aug 24, 2015 20:29
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The Butcher posted:Uhhh because Mad Max was loving awesome. People always think they're gonna be the cool guy in BDSM leathers and not one of the 50 skulls nailed to his bumpers.
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Aug 24, 2015 20:44
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The Butcher posted:Uhhh because Mad Max was loving awesome. Sorry, you have to live through the much less fun Mad Max 1 first.
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Aug 24, 2015 20:47
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Constant Hamprince posted:People always think they're gonna be the cool guy in BDSM leathers and not one of the 50 skulls nailed to his bumpers. I'd be happy with either one tbh
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Aug 24, 2015 20:53
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fart blood posted:So all I see is headlines talking about how investors are panicking. Gravity correcting Wile E Coyote after he's been running off the edge of a cliff for a while.
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Aug 24, 2015 20:56
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I feel like the mad max embracing crowd weren't chubby kids with glasses when they read Lord of the Flies. I was.
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Aug 24, 2015 21:03
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People that read books will be the first against the wall when the revolution comes.
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Aug 24, 2015 21:04
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Radbot posted:Yeah I can't possibly understand why people are awaiting another crash after we decided to fix nothing after the last one, wages are lower in real terms than they were in 2008, and showed how vulnerable we (as citizens of the world) are. Just can't see why people are pissed and awaiting some sort of cleansing. As other people have said, there are no apparent ticking time bombs (student loans are an investment!) and overall the U.S. economy is well balanced. Household debt has decreased, savings are up, and corporate America is flushed with cash. Wages have stagnated, but that's slowly increasing now that the labor market is finally tightening. China on the other hand, kind of hosed.
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Aug 24, 2015 21:06
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Constant Hamprince posted:People always think they're gonna be the cool guy in BDSM leathers and not one of the 50 skulls nailed to his bumpers. I've never had any illusions to my status in the post-apocalyptic hierarchy (skull trophy/butt-slave to wasteland bandits) so I'm glad that the apocalypse is limited to China.
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Aug 24, 2015 21:20
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