Black Friday Now? Global Selloff on China Worries, Oil Plunge

a reply to: texasgirl

Found that suprising. Looking to cut around 16,000 jobs to.

That minium wage hike is really paying off.

originally posted by: Edumakated

originally posted by: xuenchen

originally posted by: eluryh22

Now is the perfect time to buy, buy, buy.

And if everything keeps going down, down, down ....

You can wave Bye, Bye, Bye to your money

It is a paper loss. You haven't lost money until you sell. You buy and hold. You don't put funds that you need immediately into the market. People who were buying back in 2001 and 2008 when market imploded are doing well. Only the idiots sold.

If it wasn't for the government and the banker puppets, the financial markets would not exist like they do today.
The Too Big To Fail would no longer exist.

We'll see how well the markets survive when we boot the Banks out of DC and kill off Communist Trade with China.
I'll be voting for whoever will end the incestuous relationship.

Capitalism requires the VOLUNTARY exchange of goods, services and labor.
Did you know 250 million Chinese had their lands stolen and were forced to move to the cities to make widgets.
There is no voluntary action with the Chinese labor, you move when the state tells you to move and you work when the state tells you to work.

originally posted by: TheConstruKctionofLight
a reply to: Edumakated

The biggest problem our economy faces is financial illiteracy

So being paid by commission you don't encourage churning of real estate? Do you have 20 properties, living off the rental income? - as most real estate agents always tout the benefits of real estate when historically R/E under performs the Stock Market.

You didn't mention the 2008 collapse where a lot of companies were bailed out by taxpayer bailouts, the toxic assets were later bought by the same perpetrators for cents in the $ and repacked and resold to the public.

You also fail to consider how real estate bubbles are formed and crashed, to the benefit of the money printers (banks) who hold a license to print fiat money, and encourage demand.

Yeah figures you would put your money in something that appreciates better than Real Estate. Every real estate agent I have ever dealt with bar 1, kept the illusion up. You were saying about financial illiteracy?

Both RE and Stock markets are rigged, its as simple as that!

The Real Estate Market is bloated and house prices are being propped up by Banking Policies and Government.
From 1930 to 1980, before the creation of Housing Mortgage Backed Securities, the Average cost of a home and the average wage of Americans were at a 2x ratio. That all changed with the Toxic Instruments where no one had any skin in the game and were able to pass the hot potato around to other suckers.

Now they have opened up the markets to foreign buyers to keep it propped up all at the expense to Americans that live here. Eventually they will run out of other peoples money and point the blame at the evil government they bought or the poor people but never at themselves and their greed.

originally posted by: TheConstruKctionofLight
a reply to: ketsuko

Remember how Walmart raised its wages about a year or two ago, and now it's closing stores? Coincidence?

If a company that has such a high Market cap that controls supplier pricing from China cant factor what a 20/30% wage rise into its spreadsheets will look like in 12 months time; well I don't really think you know how business works.

Walmart relies on cheap foreign labor to make it, specifically labor from a Communist Country where workers have no rights. They also are in strong support of the TPP.

Eventually Walmart will run out of other peoples money then will cry to the govermnent for a bailout

Dow is down another 350+ points today