World economy talk

[uls]

U.S. Credit Market Fear Gauge Surges Most Since Lehman

the cost of insuring investment grade bonds against default is rising

investment grade yan ha

nevermind junk bonds

lalo those issued by US shale oil companies

[uls]

US shale oil companies get funding by issuing junk bonds

with ultra-low oil prices they won't be able to pay debt

who are the debtholders?

that's what the market is concerned about

on top of what corona19 is doing to the global economy

[Monseratto]

Dow went into freefall....

DOW Jones Industrial Average dropped more than 1,800 points when the market opens this morning. For S&P, it dropped nearly 7 per cent once the opening bell rung on Wall Street.

Trading halted within minutes of the stock market opening because of the significant drop. This pause in trading lasted 15 minutes in hopes the market will stabilise. The next "circuit breaker", what these halts are called that work to calm traders when they're panicked, in the market could happen if stocks drop 13 per cent, which would lead to another pause in trading.

When the markets reopened minutes later, the market stopped steadily declining and is currently fluctuating between a 6 and 7 per cent drop.

Coronavirus: Stock market plummets over growing virus fears and potential oil war | The Independent

[Monseratto]

US Bank stocks down average 9%. Same problem, exposure to oil...

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[Monseratto]

Dow closed 2k points down. Wiping out one year...

Stock market live Monday: Stocks post major losses, Dow'''s worst point loss ever

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[tidus1203]

US shale oil companies get funding by issuing junk bonds

with ultra-low oil prices they won't be able to pay debt

who are the debtholders?

that's what the market is concerned about

on top of what corona19 is doing to the global economy

What do you think uls is this going to be as bad as 2008?

My bet is NO. Unless these corona virus drags all the way to the end of the year then all bets are off

[uls]

di ko masabi Tidus

buong mundo apektado

obviously the biggest effect is on China

mga factory either shut or operating at half capacity... mag ports din

global commerce laki ng binagal... shipping companies are canceling voyages coz they aren't loading enough containers to make a voyage worth it

--

globally lahat ng business may utang

ung pambayad sa utang galing sa cash flow

pag humina ang cashflow di makabayad

kung sino pinag kaka utangan tatamaan

domino effect

kaya nag re-reprice ang risk itong mga araw

[uls]

we ain't seen nothing yet

it's gonna get worse

i mean the real economy, di lang sa financial markets

[uls]

a company tries to borrow money from investors... in this environment

[tidus1203]

The Bank of England announces that the Monetary Policy Committee (MPC) voted unanimously to reduce Bank Rate by 50 basis points to 0.25%, Bloomberg News reports.

“The reduction in Bank Rate will help to support business and consumer confidence at a difficult time, to bolster the cash flows of businesses and households, and to reduce the cost, and to improve the availability, of finance,” the BOE said.

Bloomberg - Are you a robot?

Not shocking at all. One bullet left till 0 hahahahahahaha....

[BlancNoir]

Markets reacting to the WHO's pandemic declaration of covid.

Dow, NDX and SPY down 4.5%++ as of this wiritng.

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[Monseratto]

[Monseratto]

US Dow 7 % crash triggers trading halt again ,,,

[BlancNoir]

Gold is sliding.

Even crypto is in the red.

Either the people need money or they are finally waking up that owning crypto during a world crisis is almost as good as owning garbage.

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[kagalingan]

example pag mas magworsen pa mga crisis ang magiging gold yung farmland

magiging uso ang preserved food.

[Monseratto]

Trumpey has nothing to show as gains made in his current term has been wiped out...

The US stock market has now wiped out the entire $11.5 trillion of value it gained since Trump's 216 election victory | Markets Insider

Soon lay offs will the norm in the coming months...

[Monseratto]

Coronavirus: US slashes rates and launches huge stimulus programme - BBC News

Pouring cheap when there is no business activity

IThe Fed has cut rates to a target range of 0% to 0.25%, and said it would it begin buying bonds - quantitative easing - a move that pumps money directly into the economy..

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[Monseratto]

The cuts didn't have the desired effects...

Stocks plunge as Fed's emergency rate cut fails to calm panic - Reuters

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[uls]

well here we are

ZERO

toldyall the Fed's going to zero and QE

no more interest rate ammo

unless the Fed goes negative

[BlancNoir]

Trading halt again.

Hindi kinaya ng zero rate.

Uls, question: ma eengganyo pa ba investors to pour in capital sa eq market kahit nag negative na?

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