Author Topic: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)  (Read 58490 times)

Mackin USA

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littleman

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Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« Reply #256 on: January 31, 2020, 06:44:22 PM »
>The economy will survive. It does every year!

No doubt, the sky isn't falling.  What I'm wondering is if this may be enough to slow down the global economy to the point of negative growth.   Manufacturing is already in recession.

littleman

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Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« Reply #257 on: January 31, 2020, 07:14:50 PM »
U.S. farm bankruptcies hit an eight-year high

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According to data released this week by the United States Courts, family farmers filed 595 Chapter 12 bankruptcies in 2019, up from 498 filings a year earlier. The data also shows that such filings - known as “family farmer” bankruptcies - have steadily increased every year for the past five years.




Eurozone economy barely growing at all

« Last Edit: January 31, 2020, 07:16:55 PM by littleman »

Drastic

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Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« Reply #258 on: February 01, 2020, 08:42:09 PM »
https://www.patentlyapple.com/patently-apple/2020/02/apple-joins-starbucks-and-mcdonalds-corp-in-closing-all-mainland-china-apple-stores-until-at-least-february-9.html

Most/almost all countries closing borders to china, airlines shutting down and now these all-mainland retailers. This is definitely going to hurt China, maybe just a bump for the rest of us.

Mackin USA

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Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« Reply #259 on: February 02, 2020, 12:00:10 PM »
"just a bump"

YEP
Mr. Mackin

rcjordan

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Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« Reply #260 on: February 02, 2020, 04:19:17 PM »
>bump 

A $174 billion bump, for starters.

China to inject US$174 billion of liquidity into markets amid new coronavirus outbreak | South China Morning Post
https://www.scmp.com/economy/china-economy/article/3048618/china-inject-us174-billion-liquidity-markets-amid-new

littleman

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Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« Reply #261 on: February 03, 2020, 06:50:35 AM »
>just a bump

China oil demand has plunged 20% on coronavirus lockdown; biggest shock since global financial crisis

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Chinese oil demand has dropped by about three million barrels a day, or 20 per cent of total consumption, as the coronavirus squeezes the economy, according to people with inside knowledge of the country's energy industry.

The drop is probably the largest demand shock the oil market has suffered since the global financial crisis of 2008 to 2009, and the most sudden since the Sept 11 attacks. It could force the hand of the Opec cartel, which is considering an emergency meeting to cut production and staunch the decline in prices, which are headed for the lowest close in a year.

We're still in the very early stages.

Mackin USA

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Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« Reply #262 on: February 03, 2020, 12:25:15 PM »
Chinese Stocks Are Tanking as Markets Reopen. Why U.S. Stocks Are Rising.

https://beta.finance.yahoo.com/m/c35b3166-4fe8-347c-bd59-44d7a63bc437/chinese-stocks-are-tanking-as.html

Mr. Mackin

rcjordan

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Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« Reply #263 on: February 03, 2020, 01:03:48 PM »
Investors should prepare for ‘soberingly low’ returns - MarketWatch

"expected the real return of the traditional U.S. portfolio — 60% stocks to 40% bonds — over the next five to 10 years to be 2.4%" (oooph!)

https://www.marketwatch.com/story/heres-how-a-top-hedge-fund-manager-says-investors-should-prepare-for-soberingly-low-returns-2020-02-03

rcjordan

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Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« Reply #264 on: February 03, 2020, 03:28:32 PM »
'“It is big. It’s going to paralyze China. It’s going to cascade throughout the global economy,” said the Allianz chief economic advisor.'

El-Erian says coronavirus to 'paralyze China,' don't buy stock dips

https://www.cnbc.com/2020/02/03/el-erian-says-coronavirus-to-paralyze-china-dont-buy-stock-dips.html

See my post about pharm shipments from China, for example.  This morning, my contact said that not only are there few transport flights but that the factories are closed and her associates in CN are not available.

Drastic

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Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« Reply #265 on: February 03, 2020, 06:54:56 PM »
>'“It is big. It’s going to paralyze China. It’s going to cascade throughout the global economy,” said the Allianz chief economic advisor.'

When I was typing out maybe we'd just have a bump, debbie knew it was wishful thinking.

rcjordan

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Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« Reply #266 on: February 03, 2020, 10:52:05 PM »
WHaaaa??

"We have not seen a demand destruction event of this scale that moves this quickly"

Oil hits 13-month lows as coronavirus cuts demand - Reuters
https://www.reuters.com/article/us-global-oil/oil-hits-13-month-lows-as-coronavirus-cuts-demand-idUSKBN1ZX033

rcjordan

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Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« Reply #267 on: February 06, 2020, 12:36:57 AM »

littleman

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rcjordan

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Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« Reply #269 on: February 06, 2020, 08:08:35 PM »
>airlines

This is probably worse. From my maritime news feeds

Coronavirus Disrupts Global Container Shipping – gCaptain
https://gcaptain.com/coronavirus-disrupts-global-container-shipping/