The great market crash of 2021
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skx7




Posts: 1010

PostPosted: Mon, 1st Nov 2021 20:02    Post subject:
People speak about hyperinflation like all will inflate, they forget there s always a winner for each loser. Would prefer holding euros instead of dollars, the ones not fully capturing hyperinflation will advise to hold coins. Whatever, in any case, either dollars or euros will benefit ultimately and I am placing my bet on the euro for now Very Happy
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skx7




Posts: 1010

PostPosted: Mon, 1st Nov 2021 20:05    Post subject:
PickupArtist wrote:
i think in 2008 the banks maybe had the lets just do nothing n see what happens stategy ? or all their money was tied up in this mortgages shit and they didnt have spare cash unlike now with all the printed covid money


Yea that's it, it shows the debt ceiling, banks no longer willing to further inject cash in the economy. This is how I read reverse repo skyrocketing
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PickupArtist




Posts: 9939

PostPosted: Tue, 2nd Nov 2021 17:43    Post subject:
https://www.reuters.com/world/china/china-urges-families-keep-stores-daily-needs-ahead-winter-2021-11-02/

WTF , north korea, i get, but china ??? wtf they expecting , massive covid outbreak, massive economy crash??
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PickupArtist




Posts: 9939

PostPosted: Tue, 2nd Nov 2021 20:05    Post subject:
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FireMaster




Posts: 13517
Location: I do not belong
PostPosted: Tue, 2nd Nov 2021 22:41    Post subject:
Why stockpile when you can just eat your neighbors and their stockpiles?

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tonizito
VIP Member



Posts: 51456
Location: Portugal, the shithole of Europe.
PostPosted: Wed, 10th Nov 2021 21:50    Post subject:
https://twitter.com/MorningBrew/status/1458505156576829442
Quote:
BREAKING: Evergrande, the second largest real estate developer in China, has officially defaulted on its bonds.

It was unable to make the required interest payments in time.


boundle (thoughts on cracking AITD) wrote:
i guess thouth if without a legit key the installation was rolling back we are all fucking then
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PickupArtist




Posts: 9939

PostPosted: Wed, 10th Nov 2021 22:08    Post subject:
it will take one or two months now for the bottem to fall out and the whole house of shitty concrete brick skyscraper cards to tumble, 300 billion in "assets" but cant get a few hundred mill together in half a year ... , thats like me not able to pay a 1 eur for a cheeseburger ( i guess it costs 2 these days roflo ), china housing market goes, foreign investors get freaked out and then the dominosstart falling in all these major bubbles
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Lopin18




Posts: 3377
Location: US
PostPosted: Thu, 11th Nov 2021 02:18    Post subject:
Bout fucking time, so next year i can buy my house? Mr. Green
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Il_Padrino




Posts: 7585
Location: Greece by the North Sea
PostPosted: Thu, 11th Nov 2021 08:56    Post subject:
US inflation is at 6.2%, highest since 1990 Very Happy


There must have been a door there in the wall, when I came in.
Truly gone fishing.
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PickupArtist




Posts: 9939

PostPosted: Thu, 11th Nov 2021 12:35    Post subject:
and thats exlcuding housing market and the fed is doing fuck all about it Evil or Very Mad
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Il_Padrino




Posts: 7585
Location: Greece by the North Sea
PostPosted: Thu, 11th Nov 2021 13:38    Post subject:
And Biden wants to pump another 2 trillion into the economy Laughing


There must have been a door there in the wall, when I came in.
Truly gone fishing.
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PickupArtist




Posts: 9939

PostPosted: Thu, 11th Nov 2021 22:47    Post subject:
more proof housing market, crypto and china are dominos rdy to collapse in on each other , this explains why bitcoin is so wanted in china, to avoid its government

https://www.reddit.com/r/worldnews/comments/qrru8p/tokyo_tax_authorities_uncovered_a_chinabased/


Tokyo tax authorities uncovered a China-based scheme that invested about 27 billion yen ($237 million) in Japanese real estate using cryptocurrency to avoid the watchful eye of the Chinese government. I bet u there is a billion of this scheme in each big country and when one of them goes, they will ALL GOOOOO pooooof
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AmpegV4




Posts: 6248

PostPosted: Sun, 21st Nov 2021 05:54    Post subject:
So @Hubu, what should all humpers invest in right now to get rich and retire?

Note: i followed @mcharts oil advice a couple of years back and lost 20k Sad
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HubU
VIP Member



Posts: 11366

PostPosted: Sun, 21st Nov 2021 06:42    Post subject:
AmpegV4 wrote:
So @Hubu, what should all humpers invest in right now to get rich and retire?


I have none to give, and even if I did, you shouldn't listen to them.

AmpegV4 wrote:
Note: i followed @mcharts oil advice a couple of years back and lost 20k


What the hell did you do? Laughing back in like 16, WTI went sky-high for a short while, and turbos got me a bit of dosh then. Nothing incredible, since betting oil is, well, betting.
It's like 1, 2 level removed from a casino, since it's more factual, but it's still so volatile.


Anyway, mate, good luck.
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Frant
King's Bounty



Posts: 24656
Location: Your Mom
PostPosted: Sun, 21st Nov 2021 11:47    Post subject:
AmpegV4 wrote:
So @Hubu, what should all humpers invest in right now to get rich and retire?

Note: i followed @mcharts oil advice a couple of years back and lost 20k Sad


Pfizer/BioNTech. Razz

You may be a bit too late though. You should've invested at the start of the pandemic before their trial phases were finished.


Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn!

"The sky was the color of a TV tuned to a dead station" - Neuromancer
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Il_Padrino




Posts: 7585
Location: Greece by the North Sea
PostPosted: Sun, 21st Nov 2021 11:53    Post subject:
AmpegV4 wrote:

Note: i followed @mcharts oil advice a couple of years back and lost 20k Sad

I was lucky and broke even Laughing (CRK actually made good money lately with the high gas prices Wink )
But 'gambled' with some other oil stocks a few years later and got burned.

As for the crypto, I got in a few weeks ago, and am focusing on IDOs for now. While there are bs projects getting launched every day, there are also that actually create something outside the circlejerk of the crypto world (even if it's just games).

My brother is a photographer, so also trying to NFT & sell his pictures Laughing


There must have been a door there in the wall, when I came in.
Truly gone fishing.
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PickupArtist




Posts: 9939

PostPosted: Mon, 6th Dec 2021 00:46    Post subject:
https://www.bloomberg.com/news/articles/2021-12-05/china-developer-sunshine-100-defaults-on-170-million-of-bonds

this means the other developers cant bail each other out buying each others properties, they are all defaulting , this is gonna get NASTY
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PickupArtist




Posts: 9939

PostPosted: Mon, 6th Dec 2021 18:48    Post subject:
https://www.reuters.com/world/china/china-evergrande-shares-set-fall-71-after-it-says-no-guarantee-it-can-meet-2021-12-06/ the final smokescreen before the iron curtain is rolled back in and they say FU to foreign investers and the markets go POOF
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HubU
VIP Member



Posts: 11366

PostPosted: Tue, 14th Dec 2021 22:19    Post subject:


Evergrande on a crash-course.
Square? Today's losses. Ellipse? The price of a share, 2 1/2 months ago (4.36HK$ vs 1.6HK$ now).

Quote:
Evergrande Block Trades Show Holder Sells at Discount (11:30 a.m. HK)


A flurry of large trades in China Evergrande Group Thursday suggested a large institutional holder agreed to a 20% discount to offload the stock.

Seven block trades -- totaling 300 million shares -- crossed before the open of regular cash trading in Hong Kong. The orders were all priced at HK$2.23 apiece, indicating they were part of the same block agreement. That compares with Wednesday’s closing price of HK$2.78.

THEN Laughing

Quote:
Analysts See Value in Asia Junk Bonds From China Support (2 p.m. HK)


A growing chorus of analysts is betting on a reversal in fortunes for Asian junk dollar bonds next year amid signs that Chinese authorities may relax restrictions on the property sector.
[...]
Asian junk is the firm’s top global credit pick for 2022 amid expectations of additional easing measures in China’s property sector, though not a complete policy U-turn.

Of couuuurse Laughing
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PickupArtist




Posts: 9939

PostPosted: Tue, 14th Dec 2021 23:06    Post subject:
all the firms are shouting off the rooftops the snp 500 stock is solid shit and everyone should buy, while they get rid of their positions, this shit is gonna hit global any day now



the crash has already happened, its just so much volume going on and people being suckered in with buy the dip bullshit while they dumping their positions that it looks like busines as usual when in fact everyone in the know is dumping

just dont listen to this guy about tesla n elon, he would suck elons cock if he had the chance, elon musk spaceX is close to bankruptcy too , a billionaire asking employees to work for free over the holiday, a billionaire who cant afford 20 million usd ....

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Il_Padrino




Posts: 7585
Location: Greece by the North Sea
PostPosted: Wed, 15th Dec 2021 08:53    Post subject:
Musk just sold 10 billion worth of Tesla stock, he knew it wouldn't last.

We'll see what happens with Evergrande. It's bad for China, which might be a good thing. Not a lot of international exposure, supposedly.


There must have been a door there in the wall, when I came in.
Truly gone fishing.
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Breezer_




Posts: 10833
Location: Finland
PostPosted: Wed, 15th Dec 2021 10:46    Post subject:
Didn´t he sell the tesla stocks just so he can pay the taxes.
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dick8843




Posts: 341

PostPosted: Wed, 15th Dec 2021 15:08    Post subject:
crazy times .
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PickupArtist




Posts: 9939

PostPosted: Thu, 23rd Dec 2021 18:02    Post subject:
https://www.reddit.com/r/wallstreetbets/comments/rm7h25/chinas_property_developers_need_to_pay/

China’s property developers need to pay construction workers $170 billion in deferred wages by Jan 31

now thats revolution starting amounts of money

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