So today's the day.

[Stryker]

It's 1218 am here, and a new day has already started in asia, with what appears to be a market crash in china.


Anyways so lets talk about how this effects Canada.


Although it's technically a bit early to say the day will be an epic market crash I got a feeling by the time I wake in the morning this will be an event that will top 2008's crash.

Oil has dropped under 40 and our dollar is at 7555 looks like today's one for the history books.

EDIT: Randomly 10 years ago today was my first day living in the city.

[Xelebes]

Yikes, the Shanghai exchange is down almost 8%.

[Stryker]

Originally Posted by Xelebes

Yikes, the Shanghai exchange is down almost 8%.

Nah man I'm Fing scared, deciding if I'm gonna stay up all night to watch the madness happen.

[kwoldtimer]

Buying opportunities galore.

[caltrane74]

Put $40,000 on an inverse 3x leverage ETF and watch the money roll in. I wish, I could do it myself, just don't have the nerve, will let someone else do it for me.

Exciting Day, money will be made hitting the inverse/bear plays...

[WhipperSnapper]

There's no escape and neither can we do anything about it. Was a good ride though if this is the end.

[logan5]

Is this some kind of Armageddon?

[Stryker]

Originally Posted by WhipperSnapper

There's no escape and neither can we do anything about it. Was a good ride though if this is the end.

I spent the whole summer bummed because I'm putting on weight, looking back I think I'm gonna do well, got atleast six months until I'll need to resort to canabalism, good thing I'm a huge hannibal lektor fan.

[caltrane74]

This is a good time to short China will likely be down all week.

Make some fast cash.

Short Oil, go long on Gold. I've heard oil could get as low as 10 bucks.

[Stryker]

Originally Posted by logan5

Is this some kind of Armageddon?

Well Armageddon was set in the 1990s, this will be more like the 1980's.

Also that movie had a crew of roughneck oil drillers out to save the earth. This time around there gonna be all sent out to pogey beach.

[WhipperSnapper]

9/11 sensitivities have subsided so Armageddon was just recently added to the tv roster. Coincidence?

[WhipperSnapper]

Originally Posted by caltrane74

This is a good time to short China will likely be down all week.

Make some fast cash.

Short Oil, go long on Gold. I've heard oil could get as low as 10 bucks.

Time to get back Casino Rama. Seem to have an itch.

[ssiguy]

We are heading for a major economic collapse and have been since 2008/09.

China is clearly doing MUCH worse than their falsified numbers suggest. They are so ridiculous that their figures are almost laughed off. Investors now look at home sales, electricity/copper/oil consumption, trade and manufacturing data to get their sense of where China is going as their official GDP numbers have become a farce to the point of near irrelevance.

Oil is down not due to over supply but rather lack of demand especially from China. Some in the MSM say it is due to rising fracking production in the US but that too is false. Yes the rising production helped get the decline started but it is weak consumption that has led to it's continued collapse. Even as production from shale in the US has declined recently supply continues to rise due to weak consumption.

Oil is a true reflection of our world economic situation because oil is in everything. From transportation to steel to plastics to electronics to cosmetics to pharmaceuticals to food to farming..............oil runs the planet and when consumption is down that means the world economy is declining. Construction {which has been a mainstay of the Chinese economy from housing to infrastructure} is also way down to the collapsing demand {and hence prices} for copper. If you don't believe me go ask an Australian how copper is doing these days.

These plunging commodity prices are having catastrophic effects on developing countries in Asia, Latin America, and Africa as most of their recent economic health has been due to a surge in prices and demand for commodities. Now their economies {as reflected in their plunging stock markets and currencies} are collapsing.

The current situation is MUCH worse than 2008/09. The Western economies that got pulverised during the financial crisis only recovered because of near money via 1% loans, deficit spending, and the BRIC nations helped the world climb out of recession to our current still meager growth rates. Now things are even worse because those options are no longer available.

China, Russia, Brazil helped lift the world out of recession especially commodity rich ones like Aus/Can but now they are dragging the world down with it. The problem is that we are sinking with near zero interest rate levels...........we have no monetary options left.

Consumers are in debt up to their ass so they can not save us and governments are broke so infrastructure and one time make work projects are no longer optional. The stock market is collapsing because it never should have gotten as high as it is in the first place. The stock market was once a reflection of economic strength as was the housing market but now they have become Ponzi and get rich schemes because putting money in the bank and earning interest no longer makes any sense.

The great financial collapse never ended it was simply delayed by government intervention of spending money they didn't have, giving consumers money to borrow which they can't repay, and hoping that the BRICs would save our asses.

Now all those things are no longer on the table and this is proven by the ONLY thing left that countries can do.....................devalue their currencies. The problem with currency devaluation games is that it's a game everyone can play and nobody wins.

The fun is just getting started.

[caltrane74]

Originally Posted by WhipperSnapper

Time to get back Casino Rama. Seem to have an itch.

Let's see what happens by the end of the week.

BTW: I prefer Fallsview.

[kool maudit]

USDCAD will likely head higher on a continued decline in WTI oil and policy normalisation hopes in the US.

[Stryker]

Originally Posted by ssiguy

We are heading for a major economic collapse and have been since 2008/09.

China is clearly doing MUCH worse than their falsified numbers suggest. They are so ridiculous that their figures are almost laughed off. Investors now look at home sales, electricity/copper/oil consumption, trade and manufacturing data to get their sense of where China is going as their official GDP numbers have become a farce to the point of near irrelevance.

Oil is down not due to over supply but rather lack of demand especially from China. Some in the MSM say it is due to rising fracking production in the US but that too is false. Yes the rising production helped get the decline started but it is weak consumption that has led to it's continued collapse. Even as production from shale in the US has declined recently supply continues to rise due to weak consumption.

Oil is a true reflection of our world economic situation because oil is in everything. From transportation to steel to plastics to electronics to cosmetics to pharmaceuticals to food to farming..............oil runs the planet and when consumption is down that means the world economy is declining. Construction {which has been a mainstay of the Chinese economy from housing to infrastructure} is also way down to the collapsing demand {and hence prices} for copper. If you don't believe me go ask an Australian how copper is doing these days.

These plunging commodity prices are having catastrophic effects on developing countries in Asia, Latin America, and Africa as most of their recent economic health has been due to a surge in prices and demand for commodities. Now their economies {as reflected in their plunging stock markets and currencies} are collapsing.

The current situation is MUCH worse than 2008/09. The Western economies that got pulverised during the financial crisis only recovered because of near money via 1% loans, deficit spending, and the BRIC nations helped the world climb out of recession to our current still meager growth rates. Now things are even worse because those options are no longer available.

China, Russia, Brazil helped lift the world out of recession especially commodity rich ones like Aus/Can but now they are dragging the world down with it. The problem is that we are sinking with near zero interest rate levels...........we have no monetary options left.

Consumers are in debt up to their ass so they can not save us and governments are broke so infrastructure and one time make work projects are no longer optional. The stock market is collapsing because it never should have gotten as high as it is in the first place. The stock market was once a reflection of economic strength as was the housing market but now they have become Ponzi and get rich schemes because putting money in the bank and earning interest no longer makes any sense.

The great financial collapse never ended it was simply delayed by government intervention of spending money they didn't have, giving consumers money to borrow which they can't repay, and hoping that the BRICs would save our asses.

Now all those things are no longer on the table and this is proven by the ONLY thing left that countries can do.....................devalue their currencies. The problem with currency devaluation games is that it's a game everyone can play and nobody wins.

The fun is just getting started.

Honestly the only reason I don't care is that this stuff is paving the way to a socialistic command economy.

The writing is on the wall capitalism is failing.

[Stryker]

http://www.bnn.ca/News/2015/8/24/Bla...n-Twitter.aspx


Black monday/

[MolsonExport]

US markets join global selloff after China panic - live updates

Here we fucking go again.

[Beedok]

The advantages of being too poor to invest: this doesn't really affect me.

[kool maudit]

AAPL at $92 didn't make sense. It may go green even. These are good days to shop around in the first 30 minutes of trading.