Click HERE to see this thread with all of the graphics, features, and links.

http://money.cnn.com/2015/08/23/investing/world-stock-markets/

So are we in for another depression? Should I start preparing for some black blizzards?

This is what happens when you grow the government for 7 years and raise taxes, instead of investing in America, bringing Jobs back to America and lowering taxes on the middle class.

It's kind of eerie because I recently watched a documentary on history channel about an upcoming new depression about 2 weeks ago.

Originally posted by Time-Immemorial
http://money.cnn.com/2015/08/23/investing/world-stock-markets/


Yet, all the liberal sheep will still proclaim "everything is fine. Nothing to worry about because our socialist savior Obama has everything under control".

I wonder if this will hurt Trumps chances at becoming President? After all..dude went bankrupt 4 times and is that a good thing to have in a nation that just experienced this? If I was an opponent of his I would play up that angle because of this recent development.

Here is the thing, he did not go personally bankrupt, 4 of his 200 or more business's went bankrupt.

I don't see how you are comparing some business failures to this. Overall Trump's successes outnumber his failures 46 to 1.

I never said I think the President could cause it or influence it, and you can call it naive and that is the point: people in general can be naive about this type of stuff. Just look at history and people blaming certain presidents for stuff that was out of their hands.

People do not react rationally if they are in a panic about something. Even if this turns out to not be a big deal..some people will just hear "stock market crash" and panic.

Just to check- is it not preparing for a strong China or a weak China that the Obama administration is meant to be taking the blame for? I'm fairly sure the narrative for a while has been about America soon to be crushed under the feet of the unstoppable Chinese titan, but now China is tanking and that's the administration's fault too, it seems.

I think if we had fair trade with China we would be immune to their fluctuations and currency manipulation.

At Digi, QF is Mia.

So why has bush been blamed for 7 years for the economy?

And here's the Clown's stance on China (just yesterday):

"Trump Says U.S. Losing Economic Power To China, No Longer A Rich Country"

http://www.newsmax.com/Finance/MKTNews/US-Economy-China-Trump-Debt/2013/02/15/id/490617/

Sounds similar to The Clown deal with Iran

"Trust but Verify"

So you think of Trump similarly as you think of Obama?

The Obamahate in here is hilarious

Not the end of the world just yet. The Dow Jones rallied from a 6% to a 0.8% drop and the Nasdaq fell 8% but climbed back to just a 1% slide.

Originally posted by Time-Immemorial
This is what happens when you grow the government for 7 years and raise taxes, instead of investing in America, bringing Jobs back to America and lowering taxes on the middle class.

Except that this crash absolutely nothing to do with any of that

You think we would be worried about this if China didn't hold our debt? If we had more jobs here, and had equal trade, we would not be in debt to them.

Have you ever thought what would happen if they got into a tight spot and recalled the trillions we owe them?

Originally posted by Time-Immemorial
You think we would be worried about this if China didn't hold our debt?The super-majority of US debt is owned by US citizens, China owns a comparatively small amount of our debt.

Nothing, they have no way to collect. Our credit rating would drop a tier and that's it.

The Chinese know what's up, you did know they have been buying up large amounts of residential and commercial real estate in NYC.

If they fail, they will have significant pull here in America.

Originally posted by Tzeentch
The super-majority of US debt is owned by US citizens, China owns a comparatively small amount of our debt.

Nothing, they have no way to collect. Our credit rating would drop a tier and that's it.

That's a pretty big deal to have your credit lowered.. Does a bank lend to people or business with bad credit?

Not that the question is relevant to the US/immediate topic. Yes they do, actually.

Originally posted by Robtard
Not that the question is relevant to the US/immediate topic. Yes they do, actually.

Yea and do they get a good interest rate?

Typically no.

But you're confusing the pull America's economy has with John Doe and his crappy credit score of 490.

Does a crash have to happen, before you say "I guess we are I trouble?"

Or is it downplaying till then for you?

Originally posted by Time-Immemorial
Does a crash have to happen, before you say "I guess we are I trouble?"

Or is it downplaying till then for you?

You need to give it perspective. The Chinese "crash" has taken its overall stock market value back to...

Where they were at the beginning of this year.

So you think it's a small correction.

Originally posted by Time-Immemorial
Does a crash have to happen, before you say "I guess we are I trouble?"

Or is it downplaying till then for you?

The numbers climbed back up.

Guess we'll just see what happens over the next few weeks.

Originally posted by Robtard
The numbers climbed back up.

Artificial Growth ftw

Originally posted by Time-Immemorial
So you think it's a small correction.

I think the Chinese stock market was unnaturally and unsustainably high and too many other countries were relying on that keeping their own markets buoyant.

I can see why, they grew to fast.

There's been stories for some time of China's paper economy, bs lending numbers, empty cities, highways without cars etc.

Look at this story from 2012:

http://www.cityam.com/article/china-s-false-stability-could-soon-be-exposed-its-growth-model-creaks

Originally posted by Time-Immemorial
I can see why, they grew to fast.

Indeed. Their stock market grew 150% in just over a year. Totally unsustainable.

Originally posted by Robtard
There's been stories for some time of China's paper economy, bs lending numbers, empty cities, highways without cars etc.

Look at this story from 2012:

http://www.cityam.com/article/china-s-false-stability-could-soon-be-exposed-its-growth-model-creaks

The craziest statistic I seen about China was that they used more concrete in 3 years that the US used in the entire 20th century.

http://blogs-images.forbes.com/niallmccarthy/files/2014/12/20141205_Concrete_FO.jpg

Oh gawd.

Phucking Chinese ruining everything.

What is a gigaton, like a billion tons?

4.5 billion tons doesn't seem like a lot for everything that got built with concrete

Originally posted by One Big Mob
What is a gigaton, like a billion tons?

4.5 billion tons doesn't seem like a lot for everything that got built with concrete

For China's stat it's like building over 400 three gorges dams in 3 years.

https://img.washingtonpost.com/wp-apps/imrs.php?src=https://img.washingtonpost.com/blogs/wonkblog/files/2015/03/chicago1.png&w=480

That's what it looks like against the Chicago skyline as a single block

http://www.nytimes.com/2015/08/26/business/dealbook/daily-stock-market-activity.html?module=Notification&version=BreakingNews&region=FixedTop&action=Click&contentCollection=BreakingNews&contentID=47261479&pgtype=article

For now at least, the rest of the world seems to be on much better ground than China is. We'll see if that holds.

http://finance.yahoo.com/news/markets-surging-104721087.html

So we're in the clear now???

Or, maybe none of us are qualified economic analysts, and our biggest errors are going to be overreactions to news stories.

Originally posted by Digi
http://finance.yahoo.com/news/markets-surging-104721087.html

So we're in the clear now???

Or, maybe none of us are qualified economic analysts, and our biggest errors are going to be overreactions to news stories. Please like a large population can overreact to stories and events pssh

Originally posted by Digi
http://finance.yahoo.com/news/markets-surging-104721087.html

So we're in the clear now???

Or, maybe none of us are qualified economic analysts, and our biggest errors are going to be overreactions to news stories.

Judging by some prominent analysts, you become a qualified economic analyst by saying you are though..

Could something like what happened in Greece happen to Americans? I mean could we one day wake up to find that the banks have closed shop, and people have a tough time even withdrawing 50 dollars from an ATM, or that they would be turned off completely? The reason for this question is, I recently saw a Youtube video from Ron Paul about this exact subject. Can anyone validate his claim???

No, this could not reasonably happen. The US debt is not a real problem, there's no danger of the US defaulting on anything (except perhaps for political stunts).

Originally posted by jaden101
https://img.washingtonpost.com/wp-apps/imrs.php?src=https://img.washingtonpost.com/blogs/wonkblog/files/2015/03/chicago1.png&w=480

That's what it looks like against the Chicago skyline as a single block

"We Are the Borg. You Will be Assimilated. Resistance is Futile."

Originally posted by Bardock42
No, this could not reasonably happen. The US debt is not a real problem, there's no danger of the US defaulting on anything (except perhaps for political stunts).




LMAO. How ignorant you are. The U.S is headed for a crash in the not too distant future that will make what happened to Greece pale in comparison. It's amazing how you never fail to make me laugh every single day with your utter cluelessness on everything American-related. "U.S. will never default".

Yeah... right.


When, not if, the dollar loses it's status as the world's reserve currency in the near future the U.S. will default not too long afterwards and there's nothing anybody will be able to do to stop it.

Well, I wouldn't say never. But there's no immediate danger of it happening.

I'm glad I make you laugh though, when so many others annoy you enough to ignore them.

Originally posted by Digi
http://finance.yahoo.com/news/markets-surging-104721087.html

So we're in the clear now???

Or, maybe none of us are qualified economic analysts, and our biggest errors are going to be overreactions to news stories.



In the clear? Yeah, right:


http://www.aol.com/article/2015/08/25/us-stocks-extend-losses-as-early-rally-fades/21227342/

Or I should say, *probably* a 'correction'. Since there's no big event that triggered it, nothing like the '07-08 crash, there's probably nothing to keep it going down, and other people taking advantage of the low prices will buoy it soon enough, but economics can be unpredictable.

We'll know more in a few days.