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BillZBubb

(10,650 posts)

11. It is almost impossible to find a time when there aren't "approaching signs of trouble".

Reply to Binkie The Clown (Original post)

Tue Aug 11, 2015, 02:21 PM

Aug 2015

Will the crash of the Chinese stock market cause a global meltdown? I doubt it. Most of the damage will be restricted to China as outsiders own very little Chinese equity. China certainly won't go belly up since they've got tremendous financial reserves. Plus, the Chinese market has been soaring for some time and a large correction was bound to happen.

To me the most worrisome problem is that governments and international monetary and banking interests still push austerity as the answer to economic trouble. And the voters in those countries mostly agree. That is exactly the wrong approach and could easily turn a global slowdown into a worldwide depression.

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The Crash of 2015: Now Arriving at Gates 3,7,12,19….. [View all] Binkie The Clown Aug 2015 OP

I'm not changing a thing... brooklynite Aug 2015 #1

Panicking with your 401k if you are not near retirement would be bad. jeff47 Aug 2015 #2

Then we'd better get Bernie in there with some common sense, strong spined congress critters! haikugal Aug 2015 #8

Banksters would like to thank all those little people for the endless revenue stream Rex Aug 2015 #3

If all of the crashes that have been predicted actually happened we would be a 3rd world country. Dawgs Aug 2015 #4

Well he's not as bad as Kunstler, who has been shiiling Dow 3000 for as long as I recall whatthehey Aug 2015 #7

Crashes generally happen in October. We're not even midway through August. closeupready Aug 2015 #5

are you sure it is not October now? hfojvt Aug 2015 #12

I'm not sure about one part of their analysis. jeff47 Aug 2015 #6

not sure that works though hfojvt Aug 2015 #14

Only if those jobs still need to be done. jeff47 Aug 2015 #15

seems to me that the jobs will typically still need to be done hfojvt Aug 2015 #16

There's going to be a downturn. BKH70041 Aug 2015 #9

OMG! liberal N proud Aug 2015 #10

It is almost impossible to find a time when there aren't "approaching signs of trouble". BillZBubb Aug 2015 #11

2015? I thought Ron Paul postponed it louis-t Aug 2015 #13

The Shanghai Composite Index is up 19% since Jan. 1. former9thward Aug 2015 #17