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Yo Dawgs, the economy is going to poo poo itself like Tubgirl tomorrow: https://twitter.com/DavidInglesTV/status/1236779480238063616   https://twitter.com/thestalwart/status/1236805377318150147   https://twitter.com/JStein_WaPo/status/1236786391415246855  To Summarize the past three hours: - Oil is down 30%. - S&P futures tripped their lower bound at 5% under Fridays close. - Every market is dropping off a cliff. - The US Bond market is flatlined. - Airlines are down 45%. Bonus: There is no cargo in the ports of LA & Long Beach, the two largest ports in North America.  This is a rapidly developing situation, I'll be up a wind turbine without cell reception and unable to update this OP as it all melts down tomorrow. 
Rime fucked around with this message at 02:14 on Mar 9, 2020 |
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Mar 9, 2020 01:31
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Is Trugreen doing okay 
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Mar 9, 2020 01:35
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Spanish flu, electric boogaloo? Check. Great Depression, only more depressing? Check. Does this mean we’re getting World War III in a decade
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Mar 9, 2020 01:35
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Oh no not my Saudi oil reserve investments and junk bonds. No financial analyst could have ever predicted this.. 
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Mar 9, 2020 01:37
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Ground floor of the last thread ever made Hello far-future archaeologists
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Mar 9, 2020 01:41
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I blame Obama
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Mar 9, 2020 01:43
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buy the dip
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Mar 9, 2020 01:44
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I've divested out of the market and am holding a stash of poo poo tickets and liquid soap
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Mar 9, 2020 01:45
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Lmao
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Mar 9, 2020 01:47
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I get all of my financial advice from hotdogprofits.com
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Mar 9, 2020 01:58
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drat at least I'm already unemployed I've never been more prepared
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Mar 9, 2020 02:00
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This is my fault, sorry. I'm old enough to be at the stage in my life where I've been working and saving so long I finally got some investments and things going on a couple years back. At that point this became inevitable.
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Mar 9, 2020 02:04
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watch Wall Street start a war
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Mar 9, 2020 02:04
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Desperate Character posted:watch Wall Street start a war They should fight poor people owai-
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Mar 9, 2020 02:06
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Wow. Stop Arzying.
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Mar 9, 2020 02:07
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The oil price dropping further might have to do with complications between Saudi Arabia and Russia... (Russia did not agree to cut their oil output, and Saudi Arabia decided to pump more in response to Russia's.... statement.) Still, I never would have expected Brent Crude drop to $35... I think the real question will be... is it time to go all-in on Hydrogen and CO2 sequestration? It will be interesting to see what housing prices do...
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Mar 9, 2020 02:07
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"Ah shite! Me 30-year Treasury Bonds!!" - a guy (probably Euro??) with a lot of money tied up in 30-year Treasury Bonds
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Mar 9, 2020 02:08
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Senor P. posted:The oil price dropping further might have to do with complications between Saudi Arabia and Russia... I believe we call this a perfect shitstorm. https://www.youtube.com/watch?v=4pcMn5bXbRU
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Mar 9, 2020 02:09
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Please post rich people meltdowns when it happens tia
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Mar 9, 2020 02:09
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Great timing. My clients are just about to start drilling their oil shale plays.
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Mar 9, 2020 02:11
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Sometimes you play the oil shale, sometimes the oil shale plays you. It's a doggie dog world out here.
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Mar 9, 2020 02:12
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what are bonds?
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Mar 9, 2020 02:13
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Mega64 posted:Please post rich people meltdowns when it happens tia 
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Mar 9, 2020 02:13
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I will drink cheap oil like victory wine
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Mar 9, 2020 02:14
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This may seem bad, but as long as you have stocked up on toilet paper and bottled water everything will be fine.
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Mar 9, 2020 02:16
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Mar 9, 2020 02:17
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Good: I've been stockpiling cash for the last 3 months instead of investing it. Bad: My previous 20 years of investments. 
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Mar 9, 2020 02:18
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human garbage bag posted:what are bonds? The things that tie us down and which we must shatter!
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Mar 9, 2020 02:18
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It's not a real meltdown until the self-defenestration starts. Or the assisted defenestration, should the proletariat get around to rising up.
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Mar 9, 2020 02:18
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human garbage bag posted:what are bonds? Basically, bonds are a... gurantee from a sovreign nation to pay.... Basically, if I'm the government and you gave me 50 dollars in 1980, then I would give you 100 dollars in the year 2000, or something like that.... What we are seeing are that bonds are basically returning extremely low interest. The more that people buy, the lower the rates get. Also there is a general concern within the economic world of just where our economic growth is going to happen in the next 10-20-30 years. To me it seems like it will be renewables and hydrogen products, rather than just pure unadulterated growth. I am confident that if the first world really wants to, we can get to 0 emissions. But there will be sacrifices... (Air travel, tourism, brownouts perhaps...) ELI PORTER posted:Sometimes you play the oil shale, sometimes the oil shale plays you. It's a doggie dog world out here. I expect they would transition their pipeline network to utilize Hydrogen. There is no way the U.S. can compete. Hydrogen could be liquified and sent over the sea just like natural gas. But from what I understand (not a chemical engineer) the boil off and liquification is much more finicky compared to LNG. Senor P. fucked around with this message at 02:31 on Mar 9, 2020 |
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Mar 9, 2020 02:23
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I am definitely prepared for this, I was just thinking recently I have lived a good life and it is fine if I am murdered by rampaging gangs of toilet paper ruffians
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Mar 9, 2020 02:26
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see this is why politicians don't care about climate change -- they knew all along that some new cold virus would come along first and reduce the civilized world to toilet paper marauders and rape gangs.
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Mar 9, 2020 02:30
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extra row of teeth posted:Does this mean we’re getting World War III in a decade the war for water resources
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Mar 9, 2020 02:32
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Senor P. posted:Basically, bonds are a... gurantee from a sovreign nation to pay.... Are "brown outs" the killing of non-whites? Cause i don't think you'll have much trouble convincing 1st world to do that.
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Mar 9, 2020 02:33
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The Bananana posted:Are "brown outs" the killing of non-whites? https://en.wikipedia.org/wiki/Brownout_(electricity)
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Mar 9, 2020 02:37
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It's neither. It's when you drink so much that you lose bits and pieces of time, but not enough to make you black out completely. It's Always Sunny was very clear about that.
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Mar 9, 2020 02:38
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Mozi posted:buy the dip Buy the fuckin dip!!! Maybe not right away though. This is the way
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Mar 9, 2020 02:42
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Looks like it's a prime time to invest in bitcoin 
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Mar 9, 2020 02:47
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human garbage bag posted:what are bonds? Things your grandparents give you for your birthday instead of money.
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Mar 9, 2020 02:49
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The oil crash doesn't have anything to do with the economic troubles, it's Saudi Arabia and Russia playing games with each other.
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Mar 9, 2020 02:51
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