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 Post subject: Re: GFC 2.0 ? or not?
PostPosted: Thu Dec 20, 2018 10:33 pm 
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https://www.cnbc.com/2018/12/17/worst-s ... ssion.html

Quote:
Two benchmark U.S. stock indexes are careening toward a historically bad December.

a day later:
https://www.usatoday.com/story/money/20 ... 373928002/
Quote:
The worst December for stocks since 1931 keeps getting worse.



http://www.thepeoplehistory.com/1932.html

Quote:
How Much things cost in 1932
Average Cost of new house $6,510.00
Average wages per year $1,650.00
Cost of a gallon of Gas 10 cents
Average Cost for house rent $18.00 per month
A loaf of Bread 7 cents
New Car Average Price $610.00


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 Post subject: Re: GFC 2.0 ? or not?
PostPosted: Thu Dec 20, 2018 11:02 pm 
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Or not...

https://www.aqr.com/Insights/Perspectiv ... ut-Feeling

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"It's easy to confuse what is with what ought to be, especially when what is has worked out in your favour"
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 Post subject: Re: GFC 2.0 ? or not?
PostPosted: Fri Dec 21, 2018 11:28 pm 
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https://www.marketwatch.com/story/all-t ... 2018-12-17

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Those who don't study history are doomed to repeat it. Those who do study history are doomed to watch everyone else repeating it.


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 Post subject: Re: GFC 2.0 ? or not?
PostPosted: Sat Dec 22, 2018 12:20 am 
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Posts: 336
Will have to impact on bonuses etc. In docklands tech into the new year. With associated knock on effects on paye tax take.

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 Post subject: Re: GFC 2.0 ? or not?
PostPosted: Sat Dec 22, 2018 12:22 am 
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I think I'm about 9% off peak portfolio valuation. Tech stock exposure is mostly through cap weighted indexes.

As in all industries, successful tech companies tend to die not by losing market share, but by losing markets.

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"It's easy to confuse what is with what ought to be, especially when what is has worked out in your favour"
Tyrion Lannister


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 Post subject: Re: GFC 2.0 ? or not?
PostPosted: Mon Dec 24, 2018 7:01 pm 
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Real Estate Developer

Joined: Aug 19, 2011
Posts: 970
Dow down 2.91% today.


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 Post subject: Re: GFC 2.0 ? or not?
PostPosted: Tue Dec 25, 2018 12:46 am 
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Trump savages Federal Reserve as stock plunge worsens - http://www.bbc.co.uk/news/world-us-canada-46675051

The bit about the fed calling the banks to ensure they have enough liquidity is eh.... interesting


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 Post subject: Re: GFC 2.0 ? or not?
PostPosted: Tue Dec 25, 2018 1:11 am 
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Property Magnate

Joined: Jan 4, 2012
Posts: 614
Nikkei down a long way at its open


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 Post subject: Re: GFC 2.0 ? or not?
PostPosted: Tue Dec 25, 2018 4:44 am 
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Mnuchin calls big US banks after huge stock market falls - http://www.bbc.co.uk/news/business-46669300


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 Post subject: Re: GFC 2.0 ? or not?
PostPosted: Tue Dec 25, 2018 10:46 pm 
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Location: Hollywood
Quote:
The Nikkei closed down 5% on Tuesday, its worst finish since April 2017. Indexes in Shanghai, Bangkok and Taiwan also fell.

Investors have been concerned about President Trump's dispute with the US central bank chief and another government shutdown.

US stocks had their worst Christmas Eve on record.

The Dow Jones index of 30 leading companies fell more than 650 points on Monday, and is on track for its worst December since 1931, during the Great Depression.


Quote:
In China, the Shanghai composite index fell more than 2% on Tuesday morning.

What triggered the falls?

The Asian markets are believed to be largely reacting to movement in the US and an ensuing shares sell-off by concerned investors.

US-China trade tensions are a factor, as well as reports that President Donald Trump has discussed firing the chairman of the US central bank, Jerome Powell


https://www.bbc.com/news/business-46679094


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