Stock market will crash in 60 days, best-selling author on Lehman collapse warns

Earl said:
Take a hike, pendejo.
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I accept your surrender, Gearl.

iu
 
goat said:
Members banned from this thread: Cypress, evince, floridafan, ThatOwlWoman, Poor Richard Saunders, Doc Dutch, Concart, martin and LurchAddams

These are all sheep who lack the ability of adult conversation. Owl and Dutch have brain damage. Floridafan believes everything the government says. Dick belongs on APP. Evince posts nothing but ad homs.

You're butthurt because the markets will crash before the 2024 election.
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If not for your learning disabilities, Concart could teach you everything you need to know on any topic re. finance.

You spent 45 seconds Googling the dollar, and you think that the world can simply wean itself off of the dollar.

You NEED someone like Concart in this thread.
 
Larry McDonald? So a hamburger flipper is the current guru on finance?

What's the opinion of the [Burger ]King?

Has Wendy gone on record?
 
Earl said:
Stock market will crash in 60 days, best-selling author on Lehman collapse warns
The Bear Traps Report founder Larry McDonald predicts S&P earnings will be the trigger

By Kristen Altus FOXBusiness
The Bear Traps Report founder Larry McDonald reacts to Federal Reserve Chairman Jerome Powell's testimony to Congress, previews the February jobs report and discusses a potential stock market crash. video
The stock market will crash in 60 days: Larry McDonald

The Bear Traps Report founder Larry McDonald reacts to Federal Reserve Chairman Jerome Powell's testimony to Congress, previews the February jobs report and discusses a potential stock market crash.

After Federal Reserve Chair Jerome Powell indicated the bank isn’t finished raising rates, one market expert has warned a crash could come in a matter of days.

"They're playing catch up, and while they were doing quantitative easing in 2021, inflation started to rage and now they're trying to catch up," The Bear Traps Report founder Larry McDonald said Wednesday on "Mornings with Maria."

"Our 21 Lehman systemic risk indicators that look at equity and credit point to one of the highest probabilities of a crash in the stock market looking out 60 days," McDonald, who is also known for writing a best-selling book on the Lehman Brothers collapse, cautioned.

The withdrawal of capital from middle-class families has been "spectacular," McDonald argued, as the Fed continues its most aggressive rate hike campaign since the 1980s to crush decades-high inflation. Although the consumer price index has slowly fallen from a high of 9.1% notched last June, it remains about three times higher than the pre-pandemic average.

BUFFETT'S BERKSHIRE STOCKS UP ON MORE OCCIDENTAL PETROLEUM SHARES

On Tuesday, Powell stressed on Capitol Hill that the central bank policymakers are prepared to pick up the pace of rate increases, as they’re expecting to go higher than previously thought.

There's a high probability of a stock market crash in the next 60 days, The Bear Traps Report founder Larry McDonald said Wednesday on "Mornings with Maria." | Getty Images

"The latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated," Powell said in remarks prepared for delivery before the Senate Banking Committee. "If the totality of the data were to indicate that faster tightening is warranted, we would be prepared to increase the pace of rate hikes."

McDonald argued that for every 1% increase in rates, $50 billion is taken "out of the pockets of middle-class families."

"Auto loans right now are approaching 14%, almost 20% of auto loans are one thousand a month, and so the middle-class families are getting hammered here," the expert pointed out. "So the consumer pressures are violent, but on the high end, the wealthy are doing well with excess savings and higher interest rates."
Public Ventures chief market strategist Lou Basenese discusses how Fed Chair Jerome Powell's remarks in front of the Senate Banking Committee could impact markets on 'Varney & Co.' video
Fed rate cuts 'completely out of the question': Lou Basenese

Public Ventures chief market strategist Lou Basenese discusses how Fed Chair Jerome Powell's remarks in front of the Senate Banking Committee could impact markets on 'Varney & Co.'

According to the Bear Traps Report founder, the average American investor is making a smarter move by recognizing there’s now a choice between stocks and bonds — and one might currently be more profitable than the other.

"Ten million in cash today generates $510,000 a year in Treasuries. Wow. Think about that: a year ago, you're talking that this was $70,000. We have to do the math here, common sense," McDonald explained. "You've been in the market for two years in these moronic fang stocks that have gone nowhere, the most crowded trade on earth. You're flat to down after two years, and now you're looking over at a money market fund or a one-year treasury, and you get $510,000 of interest risk-free when a year ago you were getting 70."

Larry Kudlow: Powell's justification is all wrong

FOX Business host Larry Kudlow calls out Fed Chair Powell's policies on 'Kudlow.'

The market crash trigger, he further predicted, will come from the S&P earnings missing estimates big time.

"Everybody's expecting, [Wall] Street is expecting $226, that's priced for perfection. So what happens is, when we deteriorate in jobs the next two, three months, that will bring into question the S&P earnings, and the S&P earnings are probably $190, so that'll trigger it," McDonald said.


FOX Business’ Megan Henney contributed to this report.
https://www.foxbusiness.com/markets/stock-market-crash-60-days-best-selling-author-lehman-collapse
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You weren't able to see this coming on your own? :laugh:

It's called a bubble- bubble head- no way of getting around it!

All bubbles eventually pop!

And it has very little, if anything, to do with the Fed upping the interest rates.

Intelligent people do not borrow money and then go and risk it on the Stock Market.

If they do- then that is the problem!

And Treasury Bonds are not sold to compete with the Stock Market.

However they are a risk free investment into the American Dream- You should purchase some and invest in America!

Bubble-pop-disappointment.gif
 
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Althea said:
If not for your learning disabilities, Concart could teach you everything you need to know on any topic re. finance.

You spent 45 seconds Googling the dollar, and you think that the world can simply wean itself off of the dollar.

You NEED someone like Concart in this thread.
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It's easier to train a smart dog than a dumb dog. Concart believes he's the smartest rat dog on the bed, only to parrot the establishment narrative. I would like to have an adult financial conversation with Concart but he has proven many times that he can't deal with reality.

There are 3 types of dogs:
1. street dogs
2. porch dogs
3. bed dogs

Bed dogs piss the bed when faced with danger.
 
goat said:
Who was potus during the dotcom scam?
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Irony is posting on a website that websites are a scam. There was a Dot Com Bubble, but websites are real means of production. Google, and Amazon come to mind as two among the biggest companies that are websites.
 
goat said:
Then why are there so many countries applying for BRICS?
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BRICS is a yearly summit. World leaders love going to summits. There is no "BRICS currency."

Right now there are only three countries who have applied to go to the next summit: Algeria, Argentina, and Iran.

To put the currency question into perspective, 60% of reserve currencies is in Dollars, and 2% is in Renminbi.
 
Walt said:
Irony is posting on a website that websites are a scam. There was a Dot Com Bubble, but websites are real means of production. Google, and Amazon come to mind as two among the biggest companies that are websites.
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We've been through this before, Walt. When 90% of an industry goes bankrupt, it's a scam. Dotcom was a scam.
 
goat said:
We've been through this before, Walt. When 90% of an industry goes bankrupt, it's a scam. Dotcom was a scam.
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Your posts lack value. I am not saying this as an insult, but just a statement of fact.

90% of technology companies have never gone bankrupt. It did not happen.
 
Walt said:
BRICS is a yearly summit. World leaders love going to summits. There is no "BRICS currency."

Right now there are only three countries who have applied to go to the next summit: Algeria, Argentina, and Iran.

To put the currency question into perspective, 60% of reserve currencies is in Dollars, and 2% is in Renminbi.
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There are at least 5 countries as of now with trade deals that use a currency other than the dollar. With all the sanctions on Russia and China, how is Putin selling oil to China and India? It's a simple question.
 
Walt said:
Your posts lack value. I am not saying this as an insult, but just a statement of fact.

90% of technology companies have never gone bankrupt. It did not happen.
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I've seen your government stats, even they prove dotcom was a scam.
 
goat said:
There are at least 5 countries as of now with trade deals that use a currency other than the dollar. With all the sanctions on Russia and China, how is Putin selling oil to China and India? It's a simple question.
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The entire EU has a trade deal that uses a currency other than the Dollar. Your point?
 
Walt said:
The entire EU has a trade deal that uses a currency other than the Dollar. Your point?
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The EU has to buy its oil with the petrodollar. Russia and Germany built the Nord Stream to get around US hegemony, that's why Biden blew it up.

The US is desperate to remain relevant. It's called late-stage capitalism.
 
goat said:
The EU has to buy its oil with the petrodollar.
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Fuel that crosses over EU borders is almost always paid for in Euros. It is rare for them to use Dollars in internal EU transactions. Even countries like Norway will trade with the EU in Euros.

Oil is mostly benchmarked in Dollars, is that what you are talking about? I have some bad news for you, Russia and China are using the Dollar to benchmark their current oil trades.
 
Walt said:
Fuel that crosses over EU borders is almost always paid for in Euros. It is rare for them to use Dollars in internal EU transactions. Even countries like Norway will trade with the EU in Euros.

Oil is mostly benchmarked in Dollars, is that what you are talking about? I have some bad news for you, Russia and China are using the Dollar to benchmark their current oil trades.
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China, Russia and EU edge away from petrodollar
YUSHO CHO and TAKESHI KUMON, Nikkei staff writers
January 7, 2019 15:40 JST

SHANGHAI/TOKYO -- The exclusivity of the U.S. dollar as a vehicle for global crude oil trading is increasingly being challenged by other currencies.

China, caught in a trade war with the U.S., is expanding oil trading denominated in yuan, while Russia and the European Union are also seeking to reduce their dependence on the dollar for payments for oil. Awareness of risks stemming from heavy reliance on the dollar is growing now that the U.S. government has reimposed sanctions against Iran including on its oil exports.

https://asia.nikkei.com/Economy/China-Russia-and-EU-edge-away-from-petrodollar

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Get back on the porch.
 
goat said:
China, Russia and EU edge away from petrodollar
YUSHO CHO and TAKESHI KUMON, Nikkei staff writers
January 7, 2019 15:40 JST

SHANGHAI/TOKYO -- The exclusivity of the U.S. dollar as a vehicle for global crude oil trading is increasingly being challenged by other currencies.

China, caught in a trade war with the U.S., is expanding oil trading denominated in yuan, while Russia and the European Union are also seeking to reduce their dependence on the dollar for payments for oil. Awareness of risks stemming from heavy reliance on the dollar is growing now that the U.S. government has reimposed sanctions against Iran including on its oil exports.

https://asia.nikkei.com/Economy/China-Russia-and-EU-edge-away-from-petrodollar

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Get back on the porch.
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*YAWN*
 
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