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Asian Markets "Tank" Monday
- Thread starter Tucker301
- Start date
LOL
Holy shit please tell me you're not managing your portfolio yourself...……………….
These two statues represent the market.
Money is made on both.
R
Money is made on both.
R
It will be a gut check for the west thats a long time coming.........are you for freedom and rule of law over the rule of the strong man........or..........are you with the Communist Chinese?
Fighting China isnt worth one US soldier but if their house of cards implodes from its own weight I support that.
Perhaps the biggest weakness they have has been allowing them to operate as a free market which has allowed some prosperity than to pull the rug out from them creating the conditions for the people to over throw the regime.
Even if there are little to no firearms among the Hong Kong citizens, which is an understatement if you look at the history of Triad and organized crime in the city, there will still be a sizeable quantity of bows and crossbows, even in a heavy urban population where sportsmanship is largely nonexistent. Maybe an extremely tiny quantity, but in the right hands, they can still kill a lot of motherfuckers. If bullets were to start flying and hitting civilians, I assure you, things will snowball very, very quickly. Even with the tensions raging for almost a month already, no one on either side is willing to bring out artillery yet.
Also don't forget that there is a lot of money in Hong Kong. So there will be a lot of customers willing to buy some weaponry.
There could be a healthy arms trade going on with a little healthy revolution.
It kind of reminds me of another period of history when a little region of the world took on the world's greatest super-power.
id venture to bet that there are more underground weapons in hong kong, than miami
Hong Kong can be considered the Miami or Los Angeles of China. Since the 1960's, the city was a nexus for high quantities of drugs and money from gambling and prostitution funneling between the mainland, Macau, and the Mekong River countries, which was the source of some of the purest forms of opioids in the world. Many local and international gangs call Hong Kong home and their calling cards were well known. In the 1980's, several high profile gangland killings were done using arrows, chosen for silence and rapid deployment by hitmen riding in the back of trucks and vans. Rush hour evening traffic, blaring of horns and a jumble of headlights. You wouldn't even hear a twang, and suddenly, a guy sitting in a Cadillac, walking on the sidewalk, or looking through the window of a motorway-facing villa would be dead. Indonesian based cartels loved using suppressed MAC-10's to do their dirty work and a substantial quantity of MAC-10's, M-16's, and MP-5's were known to be favorites amongst gangsters. These weapons were not just methods of defense and offense, they were status symbols for men who commanded attention whenever they appeared at social events and nightlife hotspots.
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Nothing will surprise me if there is a breakdown of social services.....I truly believe any culture is days away from carnage if they start losing the things we all take for granted.
On a different note I just took a stellar shit maybe best of summer. Didn't even need to wipe was like it was wrapped in cellophane.....gotta love sushi.
Nobody is feeling the trade war worse than farmers in the Upper Midwest. Just look into local Elevator basis, which is screwing us on top of the terrible futures market.
I agree the farmers are getting bitten. Im glad tax money is actually being used to support them in this fight.
Better them than a bank that made bad business decisions and was called "Too big to fail".
Also keep in mind all the tax payer subsidies that have been appropriated through the years - payments to destroy crops or not grow and other protections that have cost the consumer.
Corn should be on the plate not in my fuel tank.
There comes a time to pay the piper and if that cost to win this war is sacrificing some in the USA while the Chinese realize they starve without us than so be it.
Cut a baseball diamond in the corn, they will come.....looks like that will happen in Iowa this year at the real Field of Dreams.
And another thing.
Can you mother fuckers PLEASE get an original pile of shit to throw?
This dried up shit biscuit has been being thrown for.
Fucking.
Ever!
I remember the night Reagan was elected very well. My deadbeat Uncle BS SS cheat was laying in my folks' living room floor, holding his chest, taking nitro pills, "I'm coming ta see ya Lizbeth!", cause Reagan was gonna cut his soshul scurty!
Lazy bastard never did miss a check.
There’s a lot of problems, agreed.
A country that can’t feed its population is seriously fucked. Ability to feed your population is worth a lot of satellites orbiting us. Ability to cut off another country from food is worth even more satellites.
The predictability of the irrational and overly emotional can come in handy though. People who are losing their mind over 2% swings are the same ones who will likely dump it all when the next drawdown comes in the 10-20-30% range. This is where the opportunity to accelerate retirement windows greatly happens.....for people who can look past the windshield at the horizon.
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China does not, and never has, had a problem starving peasants, undesirables, or currently muslims, ie Uighurs....
If anybody thinks china is worried about 10-15% of their country starving to death, rethink.....
It will make it somewhat easier to feed the upper classes, and so what, they lose some manual labor in the cotton fields.
That doesnt matter at all to them. China currently owns the cotton market, they have TONS of cotton warehoused, and the American farmer cotton market depends on how little China releases on the world market. That is not a pretty picture. It is yet another way to destroy much of the agricultural base in the US.
China is losing pork. BFD... they can trade pork from other countries in back door deals, and the blind or crooked corporate US pork people will sell to those countries to cover "their" shortfall...
China plays the "long game" better than any country in the world... China has existed/survived in a cultured world longer than most other cultures.
The truth in history is no longer taught in current education.
The truth in world affairs is no longer reported in MSM.
The truth in markets is filtered correctly only to those making a ton of $ off it, the average person gets skewed MSM reporting, or advice that appears financially solvent to them at that moment, to get them to spend.
Someone else gets the benefit of their $. None of the small people are getting rich....
China is a cancer affecting our body, in need of treatment.
Back in the day, there was the thing, Presidents Physical Fitness program where American youth were awarded bling for fitness...
We need a return to a "fitness" award in the US where overseas industry returns here, in a healthy manner, and makes the US viable, "we can survive without you, "china, Russia, eu, whomever", ",
Where market $ are not the fruit of American labor making a certain class of people rich, while lie-ing pie in the sky to the little guys,
and where market rates, success, or failure doesnt jack little people like our children or grandchildren's ability to put food on the table,
not that the MSM and current education system has taught them the value of putting food on the table,
versus it teaching them immersion in gadgetry that 'in reality', controls them.
God help us all when the computer chip driven gadgetry fails...
All those Chinese and Russian peasants who still grub in the dirt to survive will be still viable in the long game, while US gadget-teers will be very hungry looking for survival.
Market tanking.... bad for those dependent on it. Lean times for those not dependent on it, but survivable if you understand owning something real and have planned for a failed market.
Ooooolllllddddd peoples thinking, who remember OR were taught, before MSM and education became corrupt.
Best to you...
If anybody thinks china is worried about 10-15% of their country starving to death, rethink.....
It will make it somewhat easier to feed the upper classes, and so what, they lose some manual labor in the cotton fields.
That doesnt matter at all to them. China currently owns the cotton market, they have TONS of cotton warehoused, and the American farmer cotton market depends on how little China releases on the world market. That is not a pretty picture. It is yet another way to destroy much of the agricultural base in the US.
China is losing pork. BFD... they can trade pork from other countries in back door deals, and the blind or crooked corporate US pork people will sell to those countries to cover "their" shortfall...
China plays the "long game" better than any country in the world... China has existed/survived in a cultured world longer than most other cultures.
The truth in history is no longer taught in current education.
The truth in world affairs is no longer reported in MSM.
The truth in markets is filtered correctly only to those making a ton of $ off it, the average person gets skewed MSM reporting, or advice that appears financially solvent to them at that moment, to get them to spend.
Someone else gets the benefit of their $. None of the small people are getting rich....
China is a cancer affecting our body, in need of treatment.
Back in the day, there was the thing, Presidents Physical Fitness program where American youth were awarded bling for fitness...
We need a return to a "fitness" award in the US where overseas industry returns here, in a healthy manner, and makes the US viable, "we can survive without you, "china, Russia, eu, whomever", ",
Where market $ are not the fruit of American labor making a certain class of people rich, while lie-ing pie in the sky to the little guys,
and where market rates, success, or failure doesnt jack little people like our children or grandchildren's ability to put food on the table,
not that the MSM and current education system has taught them the value of putting food on the table,
versus it teaching them immersion in gadgetry that 'in reality', controls them.
God help us all when the computer chip driven gadgetry fails...
All those Chinese and Russian peasants who still grub in the dirt to survive will be still viable in the long game, while US gadget-teers will be very hungry looking for survival.
Market tanking.... bad for those dependent on it. Lean times for those not dependent on it, but survivable if you understand owning something real and have planned for a failed market.
Ooooolllllddddd peoples thinking, who remember OR were taught, before MSM and education became corrupt.
Best to you...
He's got to make up for being a 1st class idiot. The tree huggers and progressives are driving the oil industry out in droves. So what does Eyebrow do? Basically tells oil to take a leap.....guess he did the math and lobster can take up the slack....think he uses the same calculator Bernie does.
The $30-billion exodus: Foreign oil firms keep bailing on Canada's energy sector
The drumbeat of exits, rare for such a stable oil-producing country, adds an extra layer of gloom for an industry that accounts for about a fifth of Canada's…
calgaryherald.com
Used to work with a guy who thought he could beat the machines at the casino. He had to file bankruptcy a couple times in the 16 years I worked with him.
I'm in the market cause I have no real choice, unless I want to forfeit 6% of my salary. So I've got some in the market.
Every time the market would dip over the years, Casino Charlie, would lose his mind and move his money. He asked me once why I was rolling my money like dice.
"You don't know how this works do you Charlie? No wonder you gave all your money to the casino."
It's a law of nature that expenses will increase to cover any rise in income.
Individuals or Governments.
Individuals or Governments.
I guess we will agree to disagree if I understand you correctly....I might be misunderstanding you though. I look at it as a simple mindset of choices for individuals on discretionary spending. It's way less about what you make, but way more about what you keep. Washington DC doesn't have a revenue problem they have a spending problem....all we can do is vote for people we think might try to reduce spending. Individually it's really easy: 'I'm not buying that new car b/c my current car works great and it's paid for'. Take on a new car payment of $595/month or drive whatcha got and put that money to work for your future.
Just like reloading was going to save me money.
Law? Maybe "trend" is a better word.
16 years ago I was living comfortably on less than 50% of my gross income, without debt. Today I'm earning more than 3 times the salary I made going into the job market. In all honesty, my overall expenses haven't really changed over the years (excepting a few "big ticket" items like a house), and am still debt-free. So now I'm living comfortably on less than 20% of my gross income. I'm constantly amazed at what people blow their entire paycheck+ on every 2 weeks without anything to show for it. I just can't relate. Maybe they're just paying the bank back for borrowing other people's money? I dunno.
I spend a few thousand dollars, cash, on a rifle or scope and people stare at me like I'm crazy. I look at them like they're crazy when they blow $60,000 on some whoopdeedoo truck on credit that will be worth nothing in 10 years.
It pays to look past your own nose when it comes to investments.
Here's how it plays out in my life...
So I'm saving money, ignoring all the good deals in the PX, saving up to get one of the new Hoplite rifles & pad savings & the bank account a bit....
I'm feeling pretty good about myself because I'm saving and not spending on stuff I don't need and all happy and such....
Then one dog gets a bit stomach sick, figure it's a bug or something, head to the vet, while at the vet second dog gets sick... Vet brings in 2 more techs, they carry in a bunch of IV bags.... heading back out the door (hopefully fixed) $1767.83 poorer
Hopefully will be all better, but if not, they say just stop back on by anytime and we'll work on them some more.
So that kind of stuff seems to happen regularly any month I really do good at saving & not spending money.
Then for some reason the months I'm not good at savings.... seems those things don't come up as often.
I say it's some kind of magic force at work that looks at my bank account HA!
Well, good, healthy dogs are probably better than a new rifle anyway. I think you have your priorities set well.
Loading straight wall calibers with black powder substitutes and your own mold-cast wheel weight bullets will save you a hell of a lot... Just make sure to clean your guns thoroughly afterward.
You’re correct, widening basis tends to hurt the grower. Although basis will tighten in the event of a temporary shortage of soybeans during a heavy crush cycle. (Beans are crushed to prove oil and meal and other soy products)
Not denigrating farmers as I am one but much of this could have been averted by basis contracts, selective hedging or contract sales. I also realize that weather wise it has been a difficult year.
Terrific post.
In govt and individuals the condition is best described as a propensity to consume. In other words as your income increases so does your “need” to increase your standard of living. Bigger house, cars etc.
On that topic, how many people actually know the ‘true cost” of the increases? Just for fun here’s how you figure it.
You drive a decent car, say $400 a month but really “need” a $900 a month phallic symbol. You take the additional $500 a month, multiply that times your invested money’s return, then multiply it times the number of years until you retire. You’ll find the car upgrade in real money isn’t $500, it’s in the neighborhood of $250000 to $300000 or more at retirement. Same thing for other luxury items. I’m not condemning a choice as I do silly shit also just making people aware of the true cost.
There is no such thing as a separate financial decision, they’re all part of the whole.
Money only has two purposes, it’s saved or it’s consumed. That’s it. (By the way, if you understand this then market moves shouldn’t bother you too much)
China.
4% of China’s GDP is us. They’re .4% of ours. We’re holding the hammer here. I am not saying it won’t be painful in the short term and certain sectors won’t get hurt. It and they will. But economically long term it’s a smart play. Great website here if you’re into geopolitical stuff.
https://geopoliticalfutures.com/
The Market:
We had a discussion here a month or so ago where some warned of the possibility of some rough days. Now we’re in them. Traditionally September gets a little tough along with October.
There are ways to hedge or take profits. As @Rthur mentioned you can do well on the downswings also.
In my opinion the past few weeks are a warmup.
Remember you never go broke taking a profit.
Last saying. Bulls get some, Bears get some, Pigs get slaughtered.
I've showed the opportunity cost to one particular friend multiple times on numerous purchases. Last time I tried to help him was a few years ago won't ever bring it up again he will work all the way to the grave spends every dime he makes and is a slave to the bank.
Thanks for the site always love learning more. Keep some powder dry another great buying spree is about to take place sooner rather than later these 2% swings are popcorn farts I'm waiting on the 20%+ panic.
as I look at the custom rifles and antique pistols in my safe thinking "There goes my retirement.........."
While we are sharing info sources if you have not read anything from Mises Institute they are incredibly insightful.....along the lines of Imprimus.
mises.us1.list-manage.com
Why They Keep Trying to Blame Capitalists for Slavery | Mises Institute
The resurgent claim that the modern economy was built on slavery is yet another attempt to attack capitalism while also claiming "we are all to blame" for
Here’s a site with about every financial calculator you’d need.
https://www.dinkytown.net/index.html
https://www.dinkytown.net/index.html
Those are the greatest tools for trying to help people stare directly at it vs visualize it....seeing it on paper hurts! Had to come back to this my aforementioned pal and I had lunch last week. He finally hit the wall mentally I hadn't said a word to him in ages about it, but he initiated lunch and the conversation. The prospect of putting his boys through school made some alarm bells go off, sat down with a planner and already made changes. As along as it went off that's all I care about I love he and his wife and boys are such good young men glad he's doing it! We worked together straight out of college known him forever like family
On another note I sure hope this October sit down is the one, but I can't envision China is at a breaking point yet. Maybe they are heck they have nationalized 3 more onshore banks this summer alone. 6% GDP eh hem. I so desperately don't want Trump to sign something just to get a deal of any kind done. If Trump and his team cannot get WTO enforcement with binding penalties or something on our own to hold them accountable please I hope they push back and step back on their throat. No President has had the balls to tackle China b/c it's literal political dynamite at best....super high risk, but also super high potential payoff....not unlike commercial real estate development. All the prior Presidents didn't even have the balls to make it a 2nd term task. Trump is looking out for the American worker, putting a stop to IP theft and is willing to risk being a 1 term President to do it.
Trump 2020!
Good read from last week for those who are consternating over the left wing obsession with RECESSION and YIELD CURVE INVERSION impending death!
Inverted Yield Curves, Recessions, and You | Mises Institute
To understand what an inverted yield curve means, you must first understand what the yield curve is.
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