Two sure signs of an impending crash

caronoel

westernpromise wrote: »

Really?

The 1929 stock market crash? The 1987 stock market crash? The 1989 house price crash? The 2001 dotcom bubble? The oil price crash of 2008?

I struggle to think of any crash that was preceded by stagnation. All those I can think of were roaring up until they weren't.

Why spoil a good rant with the truth?

pop_gun

caronoel wrote: »

Why spoil a good rant with the truth?

The oil price crash of 2008? That don't sound like the truth.
I would argue peak oil caused the crash, though the official line (the ones mainstream media and historians will trot out) is the sub prime market collapsed and that had a knock on effect with Wall St.

We're in a period of stagnation now. If another crash happened within the next 3 years Movilogo would at least be right about the coming crash.

padington

pop_gun wrote: »

The oil price crash of 2008? That don't sound like the truth.
I would argue peak oil caused the crash, though the official line (the ones mainstream media and historians will trot out) is the sub prime market collapsed and that had a knock on effect with Wall St.

We're in a period of stagnation now. If another crash happened within the next 3 years Movilogo would at least be right about the coming crash.

Do you consider Putins propaganda RT channel, mainstream?

pop_gun

padington wrote: »

Do you consider Putins propaganda RT channel, mainstream?

I'm sorry, I don't understand gibberish. It might be a good idea to think before you post.

padington

pop_gun wrote: »

I'm sorry, I don't understand gibberish. It might be a good idea to think before you post.

Says the person gibbering about peak oil causing the 2008
crash :rotfl:

Crashy_Time

padington wrote: »

Says the person gibbering about peak oil causing the 2008
crash :rotfl:

I call peak Wood Green.

westernpromise

pop_gun wrote: »

The oil price crash of 2008? That don't sound like the truth.

Here's a chart of the 2008 oil price crash.

https://gailtheactuary.files.wordpress.com/2014/05/oil-price-with-oval-over-drop-in-2008.png

Can you point me to the period of stagnation before it crashed?

padington

Crashy_Time wrote: »

I call peak Wood Green.

He he. We're getting the night tube this month. I call peak taxi expenses.

pop_gun

westernpromise wrote: »

Here's a chart of the 2008 oil price crash.

https://gailtheactuary.files.wordpress.com/2014/05/oil-price-with-oval-over-drop-in-2008.png

Can you point me to the period of stagnation before it crashed?

But the low oil price didn't cause the great depression of 2008.
If that were the case the current low oil price would've caused another crash this past year. Which it hasn't.

Your not going to see stagnation in the financial markets. The banks are funneling too much money into them for anyone to see the real state of affairs. House prices aren't a good indicator either as they're manipulated in the same way as the financial markets.
Real wealth comes from energy exports, manufacturing and innovation. The aforementioned indicators of a successful economy is the number of middle income jobs being created and retained. The trend for this has been down over the last 30 odd years.
There's an argument to say we've been in a stagnant economy in this period. Which covers at least two economic recessions.