Doomsday Clock For Global Market Crash Hits One Minute to Midnight - Polidicks

[QUOTE]When the banking crisis crippled global markets seven years ago, central bankers stepped in as lenders of last resort. Profligate private-sector loans were moved on to the public-sector balance sheet and vast money-printing gave the global economy room to heal. Time is now rapidly running out. From China to Brazil, the central banks have lost control and at the same time the global economy is grinding to a halt. It is only a matter of time before stock markets collapse under the weight of their lofty expectations and record valuations. The FTSE 100 has now erased its gains for the year, but there are signs things could get a whole lot worse.[/QUOTE] [url]http://www.telegraph.co.uk/finance/11805523/Doomsday-clock-for-global-market-crash-strikes-one-minute-to-midnight-as-central-banks-lose-control.html[/url]

Can someone tell me what this "clock" is? I am not very smart when it comes to economics, someone do explain.

[QUOTE=Cinnamonbun;48477947]Can someone tell me what this "clock" is? I am not very smart when it comes to economics, someone do explain.[/QUOTE] The clocks symbolize how close an event is to happening. If I remember correctly it started with a equally named Doomsday Clock during the Cold War. The moment it reached midninght meant that the war between the States and Russia had erupted. The closer it was to midnight the more tense were the relationships. In this case it explains how close we are to a Global Market Crash. We are at the very edge of it. Welp.

[QUOTE=Cinnamonbun;48477947]Can someone tell me what this "clock" is? I am not very smart when it comes to economics, someone do explain.[/QUOTE] The Doomsday Clock is a general purpose "global catastrophe" meter, and the numbers are completely arbitrary. According to [URL="http://thebulletin.org/timeline"]this website,[/URL] the world is in the most danger ever since 1984

I love it how they basically ignored the Cuban missile crisis because "the event lasted too short" It really is arbitrary. The international chaos created in the 1990s was seen as positive for some reason, probably because Big Bad Russkies falling face first into shit is considered a good thing as long as it doesn't endanger America.

The TED Spread looks ok, though a high TED rate is just one possible cause and sign of an impending crash. [editline]18th August 2015[/editline] I was personally of the opinion a crash in Australia was going to happen soon, a worldwide crash would trump it however.

[QUOTE=Cinnamonbun;48477947]Can someone tell me what this "clock" is? I am not very smart when it comes to economics, someone do explain.[/QUOTE] Why yes. Take a look at this graph for me, will you. Unlike you, I am very smart. [t]http://i.telegraph.co.uk/multimedia/archive/03409/sg2015081568329_3409079b.jpg[/t] Here you can see the brown line, which is an accurate representation of where humankind should be. And the white line, which represents where we are now. So, as you can clearly tell, everything went to shit after the 90's. What made the 90's so great? Nobody knows.

There was a lot of deregulation of the financial sector in the USA in the 1990s. Due in part to an Ayn Rand objectivist being the head of the federal reserve named Alan Greenspan

[QUOTE=Bat-shit;48478050]Why yes. Take a look at this graph for me, will you. Unlike you, I am very smart. [t]http://i.telegraph.co.uk/multimedia/archive/03409/sg2015081568329_3409079b.jpg[/t] Here you can see the brown line, which is an accurate representation of where humankind should be. And the white line, which represents where we are now. So, as you can clearly tell, everything went to shit after the 90's. What made the 90's so great? Nobody knows.[/QUOTE] Post Soviet Collapse, Pre Never ending sand war.

Wait what are you talking about that circle only covers the last year and a half

[QUOTE=Bat-shit;48478050] What made the 90's so great? Nobody knows.[/QUOTE] I know plenty of people on Facebook who can tell you otherwise

I find it hilarious and sad that the world's economy can fall apart simply due to speculation that it will Like economics is the one thing to me that I will never fully understand because of how arbitrary it all is, since no currency actually has true value anymore and markets can crash because some guys in suits panic for a day

[QUOTE=Bat-shit;48478050]Why yes. Take a look at this graph for me, will you. Unlike you, I am very smart. [t]http://i.telegraph.co.uk/multimedia/archive/03409/sg2015081568329_3409079b.jpg[/t] Here you can see the brown line, which is an accurate representation of where humankind should be. And the white line, which represents where we are now. So, as you can clearly tell, everything went to shit after the 90's. What made the 90's so great? Nobody knows.[/QUOTE] Nirvana [editline]17th August 2015[/editline] [QUOTE=piddlezmcfuz;48478108]I find it hilarious and sad that the world's economy can fall apart simply due to speculation that it will Like economics is the one thing to me that I will never fully understand because of how arbitrary it all is, since no currency actually has true value anymore and markets can crash because some guys in suits panic for a day[/QUOTE] Isn't that what caused the Great Depression? People started withdrawing all their money because people predicted a crash, and the mass withdrawal of money either caused it or cause it to be even worse.

[QUOTE=piddlezmcfuz;48478108]I find it hilarious and sad that the world's economy can fall apart simply due to speculation that it will Like economics is the one thing to me that I will never fully understand because of how arbitrary it all is, since no currency actually has true value anymore and markets can crash because some guys in suits panic for a day[/QUOTE] The market is mostly driven by greed (during a bull market) and fear (a slump or a crash). It's not logical but you can exploit it for your own benefit.

[QUOTE=Megadave;48478156]Nirvana [editline]17th August 2015[/editline] Isn't that what caused the Great Depression? People started withdrawing all their money because people predicted a crash, and the mass withdrawal of money either caused it or cause it to be even worse.[/QUOTE]greed of the financial industry caused it with gambling and speculation, same as 2008, they had a fantastic time themselves in 2008 tho [editline]17th August 2015[/editline] its literally a fun time game all the way to the top [URL]http://www.bbc.co.uk/news/business-33448210[/URL]

Is this really all that surprising? Deregulation has continued despite the 2008 crisis and neoliberal strategies have continued to be utilised. Boom bust boom bust boom bust crisis crisis crisis it's how the system "works".

[QUOTE=Cinnamonbun;48477947]Can someone tell me what this "clock" is? I am not very smart when it comes to economics, someone do explain.[/QUOTE] The Bulletin of the Atomic Scientists is a non profit organization, that runs a hypothetical "doomsday clock" that is supposed to prdeict and monitor the chance of nuclear war, and general "the end is nigh" status. However, THAT clock, the one from 1947, is at 3 minutes to midnight. THIS clock was entirely fabricated from nonexistance, and appears only in the article title. Which I might add, is the authors opinion predicting a market collapse alongside the littany of others who have predicted a market collapse for the past few years, then attached sensationalist headlines. Not to say that we should dissmiss his thoughts entirely, but when your article says a doomsday clock is at 1 minute to midnight, then never links or mentions it again, I personally get a bit skeptical.

This "clock" is literally pulled out of someone's ass. None of my contacts in the professional financial world have even heard of it. It's totally bogus. The markets are doing a whole lot of nothing right now but there's little indication that we are mere days away from a global economic meltdown. Literally everything in the article is based on a very, very basic elementary understanding of world markets - and by understanding, I mean "uneducated guess". The author talks about this giant drop in the crude price as if it's the signal that the economy is crashing, but fails to realize that the drop was almost entirely caused by the wave of fracking and improved drilling methods in the US, which prompted US oil companies to ramp up operations even further because the price had fallen below their break-even. There is a huge surplus right now, so the price dropped. There's not some strange mysterious drop in demand from no industrial use or whatever the author is talking about. I wouldn't advise dumping your life savings into the stock market for the time being, but it's by no means a cause for alarm. At most, there will be a localized Chinese crash which may ripple through other markets but won't be anything like 2008.

[QUOTE=piddlezmcfuz;48478108]since no currency actually has true value anymore and markets can crash because some guys in suits panic for a day[/QUOTE] The point of money is that it doesn't have "true value" because things of true value (like sacks of grain, cars, dildos, etc) are difficult to use in trade. Hence worthless tokens serve as representations of wealth and act as a "medium of exchange" in order to facilitate commerce.

the entire concept of this clock would just cause crashes to become more frequent because people would look at it, think "oh shit i better get out before the crash!" then sell everything, causing the crash

[QUOTE=Snowmew;48478587]This "clock" is literally pulled out of someone's ass. None of my contacts in the professional financial world have even heard of it. It's totally bogus. The markets are doing a whole lot of nothing right now but there's little indication that we are mere days away from a global economic meltdown. Literally everything in the article is based on a very, very basic elementary understanding of world markets - and by understanding, I mean "uneducated guess". The author talks about this giant drop in the crude price as if it's the signal that the economy is crashing, but fails to realize that the drop was almost entirely caused by the wave of fracking and improved drilling methods in the US, which prompted US oil companies to ramp up operations even further because the price had fallen below their break-even. There is a huge surplus right now, so the price dropped. There's not some strange mysterious drop in demand from no industrial use or whatever the author is talking about. I wouldn't advise dumping your life savings into the stock market for the time being, but it's by no means a cause for alarm. At most, there will be a localized Chinese crash which may ripple through other markets but won't be anything like 2008.[/QUOTE] So no point panicking? Okay, you clearly know some shit, pls make sure to tell us when it's time to wrap ourselves in blankets, pick up our cats and sheep and run for the hills.

[QUOTE=gudman;48478663]So no point panicking? Okay, you clearly know some shit, pls make sure to tell us when it's time to wrap ourselves in blankets, pick up our cats and sheep and run for the hills.[/QUOTE] Leading indices don't indicate any serious problems with the US market right now. I don't track foreign markets because I don't invest in them, but the problems (if any) haven't crossed the oceans just yet.

[QUOTE=gudman;48478663]So no point panicking? Okay, you clearly know some shit, pls make sure to tell us when it's time to wrap ourselves in blankets, pick up our cats and sheep and run for the hills.[/QUOTE] all you need to know is that wall-street has enough heads up their collective asses to make a clown-car blush. If anything, it's been a long-time coming. it means we'll finally be able to get some shit done without the total control over local governments that corporations and banks do. [editline]18th August 2015[/editline] [QUOTE=Snowmew;48479232]Leading indices don't indicate any serious problems with the US market right now. I don't track foreign markets because I don't invest in them, but the problems (if any) haven't crossed the oceans just yet.[/QUOTE] There is the DOWJ "death-cross" but that's a lobs

[QUOTE=Ninja Gnome;48478653]the entire concept of this clock would just cause crashes to become more frequent because people would look at it, think "oh shit i better get out before the crash!" then sell everything, causing the crash[/QUOTE] If you are basing your investment on the publishing of this clock, you won't have that much money to invest.

lol at people taking this seriously

wait economists actually had a doomsday clock, where the fuck has this thing been for the last 20 years with near constant bubble-burst cycles followed by massive bank crashes. [editline]17th August 2015[/editline] this thing should have been at midnight for at least 2 years leading up to 2008's market crash

[QUOTE=Snowmew;48478587]This "clock" is literally pulled out of someone's ass. [/QUOTE] Gross.

this clock is fear mongering bullshit, don't take it seriously

Why anyone even cares about such an abstract concept like a doomsday clock is just so confusing.

[QUOTE=Bat-shit;48478050]Why yes. Take a look at this graph for me, will you. Unlike you, I am very smart. [t]http://i.telegraph.co.uk/multimedia/archive/03409/sg2015081568329_3409079b.jpg[/t] Here you can see the brown line, which is an accurate representation of where humankind should be. And the white line, which represents where we are now. So, as you can clearly tell, everything went to shit after the 90's. What made the 90's so great? Nobody knows.[/QUOTE] Nickelodeon and Fresh Prince of Bel Air. #90skid