[SIZE=+7]RETAIL COLLAPSE
WALMART TO SHUT 100S OF STORES
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Congratulations America!
Thank you Mister President! [/SIZE][SIZE=+7]
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By the way, this was 11 months after they agreed to raise employee wages.
That is a good lesson, once you try and appease the angry, ignorant, leftist mobs, you will end up hurting yourself.
As of this minute the Dow is down another 390. If this continues all those gains won’t mean shit.Thanks for the runup, Mr POTUS.
Fuck you for the downturn, Mr POTUS. The massive runup makes the downturn more palatable, but time for you to wave your magic POTUS wand and stop this shit, before my Post W Bush Market money is only triple instead of the quadruple it was.
It’s down 2000 from it's high last year.
The electorate for the most part was willing to overlook Will J Clinton in the 90's mainly because their 401-k statements...primarily driven by the tech boom. If this bear run continues you will see voters turning more towards Trump. It will also put HRC in a tough spot because she may have to make a break from Obama's policies, alienating the all important minority vote who by the way, isn't exactly enamored with her to begin with.
A Biden-Warren ticket would go a long way in saving a potential disaster foe the Dems in 2016, the energy would be dramatic. The problem with the Clintons is that they will never go down without a fight, no matter who gets hurt by their self serving behavior.
Hang on tight, this is going to be a wild ride to November
A Biden-Warren ticket would go a long way in saving a potential disaster foe the Dems in 2016, the energy would be dramatic. The problem with the Clintons is that they will never go down without a fight, no matter who gets hurt by their self serving behavior.
Hang on tight, this is going to be a wild ride to November
Heard of the Baltic Dry Index? Analysts warn 70% crash of key world trade barometer to record low shows global economy is grinding to a halt
A key barometer of world trade has crashed to a record low in a worrying sign the global economy is grinding to a halt.
The so-called Baltic Dry Index, which measures the cost of shipping raw materials such as coal, iron ore and grain, has fallen nearly 70 per cent since August to its lowest level since its introduction in 1985.
The slump – which analysts said showed ‘global trade is really suffering’ as the outlook worldwide darkens – fuelled fears that the economy is heading for the rocks.
+1
It came on another bruising day for investors as worries about China and the rest of the world sent the price of shares, oil and other commodities sharply lower.
The FTSE 100 index fell 114.13 points or nearly 2 per cent to 5804.10 – its lowest level since late 2012.
Britain’s blue-chip benchmark has now lost 7 per cent of its value, or £113bn, in the first two weeks of 2016, hitting savers with pensions and other investments tied up in shares. The losses in London followed a slide of more than 3 per cent on the stock market in China and were echoed around the world.
Asian stocks slumped to three-and-a-half-year lows as the Hang Seng fell 1.5 per cent in Hong Kong and the Nikkei sipped 0.5 per cent in Japan.
In Europe, the stock market in Frankfurt was down 2.5 per cent while Paris lost 2.4 per cent, Milan 3.1 per cent and Madrid 2.8 per cent.
On Wall Street, the Dow Jones Industrial Average was also down nearly 500 points or 3 per cent in early trading, with some £4trillion wiped off the value of global stock markets so far this year.
John Plassard, senior equity sales trader at Mirabaud Securities in Geneva, said sentiment among investors has gone ‘from bad to terrible’.
Oil dipped below $29 a barrel, a level not seen since 2004, as Iran prepared to flood an already over-supplied market with crude.
Copper – known as ‘Dr Copper’ by traders because it serves as an indicator for the health of the global economy – plummeted to a six-and-a-half-year low.
Analysts at Royal Bank of Scotland this week warned of a ‘cataclysmic year’ and urged investors to ‘sell mostly everything’. Rival banking group Standard Chartered said the price of oil could reach $10 a barrel. ‘It’s been another immensely volatile week,’ said Philip Shaw, chief economist at banking group Investec in London.
The Baltic Dry Index has fallen from 1,222 in August to 383.
The dramatic decline in the cost of shipping raw materials around the world is partly down to a shipbuilding boom that has increased the supply of vessels available to transport goods.
Chinese shipyards reported a 59 per cent decline in orders in the first 11 months of last year as demand for new ships dwindled.
But the fall in the Baltic Dry Index has also been driven by a slump in world trade, with major exporting nations such as the United States, China and South Korea suffering subdued demand for their goods.
Howard Archer, chief European and UK economist at research group IHS Global Insight, said the decline ‘indicates that global trade is really suffering at the moment and further fuels concern that all is not well with the global economy’.
The World Trade Organisation estimates that 2015 was the fourth consecutive year that annual trade grew by less than 3 per cent and the fourth year in a row that it has grown by around the same amount as the global economy. During the 1990s and early 2000s trade grew at twice the pace of total economic output around the world.
China is thought to have grown at the slowest pace for quarter of a century in 2015 and the World Bank has warned of a further slowdown this year. It has also warned that Russia and Brazil will remain in recession leaving India as the only ‘bright spot’ among the once powerhouse BRIC economies.
- Index measures cost of shipping raw materials such as coal, iron ore and grain
- It has fallen nearly 70% since August to lowest level since introduction in 1985
- The FTSE 100 index has now lost 7 per cent of its value, or £113bn, in the first two weeks of 2016
- Oil has dipped below $29 a barrel, a level not seen since 2004
A key barometer of world trade has crashed to a record low in a worrying sign the global economy is grinding to a halt.
The so-called Baltic Dry Index, which measures the cost of shipping raw materials such as coal, iron ore and grain, has fallen nearly 70 per cent since August to its lowest level since its introduction in 1985.
The slump – which analysts said showed ‘global trade is really suffering’ as the outlook worldwide darkens – fuelled fears that the economy is heading for the rocks.
+1
It came on another bruising day for investors as worries about China and the rest of the world sent the price of shares, oil and other commodities sharply lower.
The FTSE 100 index fell 114.13 points or nearly 2 per cent to 5804.10 – its lowest level since late 2012.
Britain’s blue-chip benchmark has now lost 7 per cent of its value, or £113bn, in the first two weeks of 2016, hitting savers with pensions and other investments tied up in shares. The losses in London followed a slide of more than 3 per cent on the stock market in China and were echoed around the world.
Asian stocks slumped to three-and-a-half-year lows as the Hang Seng fell 1.5 per cent in Hong Kong and the Nikkei sipped 0.5 per cent in Japan.
In Europe, the stock market in Frankfurt was down 2.5 per cent while Paris lost 2.4 per cent, Milan 3.1 per cent and Madrid 2.8 per cent.
On Wall Street, the Dow Jones Industrial Average was also down nearly 500 points or 3 per cent in early trading, with some £4trillion wiped off the value of global stock markets so far this year.
John Plassard, senior equity sales trader at Mirabaud Securities in Geneva, said sentiment among investors has gone ‘from bad to terrible’.
Oil dipped below $29 a barrel, a level not seen since 2004, as Iran prepared to flood an already over-supplied market with crude.
Copper – known as ‘Dr Copper’ by traders because it serves as an indicator for the health of the global economy – plummeted to a six-and-a-half-year low.
Analysts at Royal Bank of Scotland this week warned of a ‘cataclysmic year’ and urged investors to ‘sell mostly everything’. Rival banking group Standard Chartered said the price of oil could reach $10 a barrel. ‘It’s been another immensely volatile week,’ said Philip Shaw, chief economist at banking group Investec in London.
The Baltic Dry Index has fallen from 1,222 in August to 383.
The dramatic decline in the cost of shipping raw materials around the world is partly down to a shipbuilding boom that has increased the supply of vessels available to transport goods.
Chinese shipyards reported a 59 per cent decline in orders in the first 11 months of last year as demand for new ships dwindled.
But the fall in the Baltic Dry Index has also been driven by a slump in world trade, with major exporting nations such as the United States, China and South Korea suffering subdued demand for their goods.
Howard Archer, chief European and UK economist at research group IHS Global Insight, said the decline ‘indicates that global trade is really suffering at the moment and further fuels concern that all is not well with the global economy’.
The World Trade Organisation estimates that 2015 was the fourth consecutive year that annual trade grew by less than 3 per cent and the fourth year in a row that it has grown by around the same amount as the global economy. During the 1990s and early 2000s trade grew at twice the pace of total economic output around the world.
China is thought to have grown at the slowest pace for quarter of a century in 2015 and the World Bank has warned of a further slowdown this year. It has also warned that Russia and Brazil will remain in recession leaving India as the only ‘bright spot’ among the once powerhouse BRIC economies.
Can you fucking idiots please, please stop all these congratulatory threads?
The DOW has done nothing but decline since this thread was started.
[h=1]Dow futures fall more than 300 points as oil, Asia selloff rattle investors[/h]
The DOW has done nothing but decline since this thread was started.
[h=1]Dow futures fall more than 300 points as oil, Asia selloff rattle investors[/h]
Been a buy and hold type forever so my net worth is taking a bashing right now. If I were in my 20s now I'd do things much differently. I would study individual stocks, and I would go in and get out of Spyders for the broader market after 2 days of 300-400 drops or gains. Momentum plays. Buy and hold is dead. Putting your money in IRAs that you can't get out of until you're 59.5 years out limits your control.
Also I think the 30 minutes to 2 hours a day I have CNBC in the background is a waste of time. In mid December all the 'experts' they had on called for a Santa Claus rally followed by a great 2016. Hardly anyone warned of this bloodbath. And although overall market sentiment is now down there are still those 'financial advisors' claiming 1500 points ago that the market is oversold. Apparently it was not. Yet here I am, pinned to it with these mutual funds I can't sell.
Also I think the 30 minutes to 2 hours a day I have CNBC in the background is a waste of time. In mid December all the 'experts' they had on called for a Santa Claus rally followed by a great 2016. Hardly anyone warned of this bloodbath. And although overall market sentiment is now down there are still those 'financial advisors' claiming 1500 points ago that the market is oversold. Apparently it was not. Yet here I am, pinned to it with these mutual funds I can't sell.
If Assets Remain Correlated, They'll Be A Depression": Ray Dalio Says QE4 Just Around The CornerSubmitted by Tyler Durden on 01/20/2016 - 15:15
CNBC’s Andrew Ross Sorkin and Becky Quick, donning their finest goose down bubble coats to remind viewers they’re reporting live from scenic Davos, generously took some time out of their busy schedules to chat with Ray Dalio on Wednesday and unsurprisingly, the “zen master” again predicted the Fed will reverse course and embark on more QE.
CNBC’s Andrew Ross Sorkin and Becky Quick, donning their finest goose down bubble coats to remind viewers they’re reporting live from scenic Davos, generously took some time out of their busy schedules to chat with Ray Dalio on Wednesday and unsurprisingly, the “zen master” again predicted the Fed will reverse course and embark on more QE.
