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Old 03-09-2020, 12:54 AM
 
Location: Staten Island, NY
2,450 posts, read 973,819 times
Reputation: 3008

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Quote:
Originally Posted by Drewjdeg View Post
When was the last time trading was halted pre-market?
Probably after 911
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Old 03-09-2020, 01:14 AM
 
Location: Wouldn't you like to know?
5,067 posts, read 1,668,233 times
Reputation: 3144
Quote:
Originally Posted by bobbythegreat View Post
Are you seriously blaming the president for a now global pandemic that has crushed the China economy leading to every country that does business with them feeling a bit of pain....or are you blaming the president for globalism being a thing?

You can bet they will try to blame it on Trump... the OPEC thing too.
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Old 03-09-2020, 03:59 AM
 
Location: Metro Detroit, Michigan
29,835 posts, read 24,922,073 times
Reputation: 28537
Default Did the global economy just hit an iceberg?

The price of oil dropped 20-30% over the weekend. This is due to Russia refusing to cut production in the face of suppressed demand, thanks to the shut downs in China caused by coronavirus. Since OPEC can't reach a deal, they are going to race to the bottom by creating a massive oversupply. The shocks have already caused world markets to plummet into what looks like deflationary hell. Oil is hitting unthinkable lows. It looks as if our global economy has hit an iceberg, and is taking on water. Are lefties going to get their precious market crash before the election?
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Old 03-09-2020, 04:24 AM
 
2,495 posts, read 868,168 times
Reputation: 986
Lefties' favorite electronics manufacturer appears to have hit a supply chain snag.
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Old 03-09-2020, 04:34 AM
 
Location: Philadelphia
558 posts, read 299,820 times
Reputation: 415
Yes, it did. Markets in free fall, 10 year treasury trading under .5% with 30 year under 1%. The ride is not smooth and it will get worse.
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Old 03-09-2020, 04:40 AM
 
Location: Eugene, Oregon
11,122 posts, read 5,596,621 times
Reputation: 16596
Well, who would have ever thought that the Trump gang would be blaming the problems caused by the Coronavirus epidemic on the leftists/liberals? How convenient for them to shift the blame towards their opposition. But the unforeseen effect will be that they will lose even more credibility for such a nonsensical claim.
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Old 03-09-2020, 04:40 AM
 
Location: Metro Detroit, Michigan
29,835 posts, read 24,922,073 times
Reputation: 28537
Gold is still shining, up .5%. Better than nothing. Hope everyone diversified.
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Old 03-09-2020, 04:41 AM
 
12,017 posts, read 14,337,386 times
Reputation: 5981
Quote:
Originally Posted by eastriver View Post
Lefties' favorite electronics manufacturer appears to have hit a supply chain snag.
Plenty of Trump voters have benefited from China by owning aapl stock, probably not a lot, considering the high school/college dropout crowd, but a few
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Old 03-09-2020, 04:43 AM
 
Location: Metro Detroit, Michigan
29,835 posts, read 24,922,073 times
Reputation: 28537
Quote:
Originally Posted by Steve McDonald View Post
Well, who would have ever thought that the Trump gang would be blaming the problems caused by the Coronavirus epidemic on the leftists/liberals? How convenient for them to shift the blame towards their opposition. But the unforeseen effect will be that they will lose even more credibility for such a nonsensical claim.

Did you miss the fact that Russia refuses to cut production, and they intend to flood the market with cheap oil? That's quite literally why it crashed 20-30% over the weekend. I'm a millennial, so I have not seen everything, but I tend to believe this is unprecedented. Russia is literally declaring economic war on the west, and going for the jugular. There is no denying, many lefties have been rooting for this to happen, because they have told us so. I guess that means many of our nation's lefties are rooting for Russia to inflict maximum damage.

Did you happen to see Turkish tanks and soldiers tearing down Greece's borders so millions more migrants flood into Europe? The entire west is under assault from many different angles. This is the age of chaos that the left has been hoping for. Hope you are happy. Hope you will be happy if you happen to find yourself standing in a breadline someday. You are living in the most generous nation in the world, so you can always consider yourself lucky for that.


Be glad you don't live in Venezuela, which is what the left wants to turn the USA into, they are entirely dependent on high oil prices for survival
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Old 03-09-2020, 04:46 AM
 
14,221 posts, read 6,967,844 times
Reputation: 6059
Quote:
Originally Posted by andywire View Post
Did you miss the fact that Russia refuses to cut production, and they intend to flood the market with cheap oil? That's quite literally why it crashed 20-30% over the weekend. I'm a millenial, so I have not seen everything, but I tend to believe this is unprecedented. Russia is literally declaring economic war on the west.
Italy recently announced a total lockdown in the richest parts of the country with armed military guards at all checkpoints and long prison sentences for anyone who dares to leave. It is economically devastating.
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