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Argentina market crash, first domino

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posted on Aug, 14 2019 @ 10:50 AM
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Second largest market crash since 1950's



Argentina just suffered the 2nd-biggest crash since 1950 for any stock market — and the nation is again on the brink of a financial crisis


Italy is next. I'm still getting some call options on the SPY for now because I know Trump will Tweet or something.

Italy is my next bet and there's a total yield curve inversion (almost).

Treasury



08/13/19 2.05 2.04 2.00 1.96 1.86 1.66 1.60 1.57 1.62 1.68 1.94 2.15


Keep your eyes on Italy, Greece or Spain next. I just grabbed some more junior mining stock today I'm pilling up. Fed will drop rates again FAST. Emergency drop soon.
edit on 14-8-2019 by toysforadults because: (no reason given)




posted on Aug, 14 2019 @ 10:58 AM
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a reply to: toysforadults

I remember just before the 2016 election, Karl Rove said the market is going to crash under the next president. We'll see just how accurate he was.



posted on Aug, 14 2019 @ 11:00 AM
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a reply to: LSU2018

fairly predictable

consumer, corporate and government debt is astronomical

fed drops rates to 0 and we are in QE by end of 19 beginning of 2020



posted on Aug, 14 2019 @ 11:01 AM
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a reply to: toysforadults

They elected a far left president and the market crashed? that's a surprising turn of event.






Here in America, we elect people that make our countries great again.



posted on Aug, 14 2019 @ 11:02 AM
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a reply to: PsychoEmperor

yeah whatever



posted on Aug, 14 2019 @ 11:20 AM
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a reply to: toysforadults

US 30-year Ts are yielding 2.051%, an all-time low!

We'll be seeing negative interest rates by next year at this time


Zero Interest Rate Policy (ZIRP) won't be enough, even the Fed will start doing Negative Interest Rate Policy (NIRP)?

Japanification in the US... that should be making people really nervous (US budget deficit is also $1.09 Trillion for FY 2019). States like Illinois and municipalities are also going bankrupt (Pensions are getting slaughtered as well).

Where will we go from there? Choo-choo... the freight train is picking up speed :/



posted on Aug, 14 2019 @ 11:32 AM
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off-topic post removed to prevent thread-drift


 



posted on Aug, 14 2019 @ 11:40 AM
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I don't think we will see negative interest rates in this country yet. I do see another rate cut coming though and soon. Get your refi ready and start gathering precious metals with whatever you save on your mortgage. Its just my opinion but that is what I will be doing. The rate cut pays for the metals with no day to day difference for you, other than a little more financial security than you would have had otherwise.

Also please remember - if you don't have precious metal in your hands, you don't own it yet.



posted on Aug, 14 2019 @ 11:42 AM
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a reply to: Vroomfondel

I have been buying up miners and getting ready to start grabbing silver on the dip wish I had bought a bunch while it was at 14... I knew this was coming too but I have been moving and paying a bunch of money for school



posted on Aug, 14 2019 @ 11:44 AM
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originally posted by: LSU2018
a reply to: toysforadults

I remember just before the 2016 election, Karl Rove said the market is going to crash under the next president. We'll see just how accurate he was.


Trump actually hasn't fixed much other than they raised the interest rates somewhat so the government can actually moderate the economy better. The interest rate being at nearly zero is not stability, to help out in a crash, the government would have to pay banks to borrow money to lend...that would be stupid.



posted on Aug, 14 2019 @ 11:52 AM
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a reply to: toysforadults

Proving once again the maxim the more things change the more they stay the same.

Just before the 2008 crash, the bond markets also inverted. The Chinese text bubble also burst in 2007, causing many foreign exchanges to follow suit. And finally the piper was paid as a direct consequence of naked short-selling in our own exchange.

Remember this thread?

Our Economy Was Pushed Off the Edge.

So you would think we would have learned something about naked short selling...

Apparently not. Here is an article published in Forbes just this past September.

Will Naked Short Sellers Torpedo The Trump Bull Market?

Does this mean we will see a repeat of 2008? Who knows, but the signs don't look good.




edit on 14-8-2019 by loam because: (no reason given)



posted on Aug, 14 2019 @ 11:56 AM
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a reply to: loam

Data has been bad the entire Trump presidency but the partisans (as I call them) ignore in favor of their chosen god king

my feelings are they want to put the breaks on the pension crsis (serious crisis) by devaluing the dollar, debts easier to pay when theres more currency and you took the loan at when there was a currency shortage

IE they are trying to stop the debt crisis by devaluing the dollar making the amount of debt in the consumer economy obsolete through inflation



posted on Aug, 14 2019 @ 11:59 AM
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We are about to feel it soon

Main Yield Curve



The yield on the benchmark 10-year Treasury note was at 1.623%, below the 2-year yield at 1.634%. The last inversion of this part of the yield curve was in December 2005, two years before a recession brought on by the financial crisis hit. A recession occurs, on average, 22 months following such an inversion, according to Credit Suisse.



edit on 8/14/2019 by Gargoyle91 because: (no reason given)



posted on Aug, 14 2019 @ 12:01 PM
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a reply to: Gargoyle91

its been a steady inversion for a while

now it's almost a total yield curve inversion just looking at the 30 now unless thats changed recently, GOLD GOLD GOLD, it's the 2 month and 10 year you really wanna look at but at this point it's going to happen

the Fed really f'ed up by not dropping .5
edit on 14-8-2019 by toysforadults because: (no reason given)



posted on Aug, 14 2019 @ 12:03 PM
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posted on Aug, 14 2019 @ 12:05 PM
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Greenspan, the former Fed Head, is playing the role of Paul Revere on the eventual ZIRP that both the Treasury and the Federal Reserve will be pushing upon the shriveled-up middle-class survivors that are clinging to the sides of the lifeboats launched by the Ship pf State

news blurb on Yahoo Financial :

There is some $15 trillion in government debt that now yields less than zero, and former Federal Reserve Chairman Alan Greenspan believes there's no reason why U.S. government bond yields couldn't join much of the developed world in the subzero world.
Greenspan, during a phone interview with Bloomberg News on Tuesday, said “zero” has no real meaning for the U.S. bond market and that a slide below that psychological level, already traversed by many others countries, wouldn't be inconceivable for U.S. paper.

TITLE: Ex-Fed boss Greenspan says ‘there is no barrier’ to Treasury yields falling below zero Mark DeCambre, MarketWatch•August 14, 2019
~~~~~~~~~~~~~~~~


I guess the caravans of asylum immigrants from Argentina won't get rolling any time soon... but wisely add them to the list of illegals breaking into Calif/Tex/AZ/ NM is too expensive to live in



posted on Aug, 14 2019 @ 12:12 PM
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Argentina is a strange place, it is similar to Illinois and its problem reigning in Chicago. Argentina has one MASSIVE city that pretty much controls the entire country politically. It had this same issue in the 1990's and yet it keeps electing the same crew as leadership from Buenos Aries.
I would kind of suspect that this time they may be a bit smarter next election cycle and pull off what Brazil has recently pulled off.

Then again maybe not, Argentina seems to be stuck in a very terrible socialist uber alles syndrome because of the capital city.

Brazil is a bit more "politically diverse".

I think I will worry more about our situation if Brazil also has a run on their market.



posted on Aug, 14 2019 @ 12:34 PM
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a reply to: Vroomfondel

you said:


Also please remember - if you don't have precious metal in your hands, you don't own it yet.


 


1/4th Ounce Gold Eagle & 1/2 ounce Gold Eagles a good units of Gold to stack with the 1 ounce Gold bullion Eagle coins that you squirrel away for the short and powerful depression...

the gold units are to pay property taxes with & not for trade or barter for food & stuff...
the Federal Reserve is the largest residential property owner/landlord in the USA, paper market - I wonder what taxes they pay on those MERS mortgaged homes?... don't let your municipality seize your dwelling for Taxes being in arrears


I rent from my son, we live in different zip codes but in same county



posted on Aug, 14 2019 @ 12:55 PM
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a reply to: toysforadults

Granted that our own yield curve inverted today for the first time in what, 12 years, I would not be surprised to see more countries start going down soon.

Tightening my belt for a global depression, ushered in by yours truly.



posted on Aug, 14 2019 @ 01:11 PM
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originally posted by: toysforadults
Italy is next.


Why is Italy, the eighth, or ninth, largest economy next? Granted, as part of the Eurozone Italy has stagnated, but the country is economically stable.



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