The Greatest Economy in the Galaxy LMFAO

[scope]

The US regime's fraudulent economy is exposed for all to see. An "economy" made of $80 haircuts and the "gigs" industry was never sustainable.

I apologize for making you scroll down so much. Yes, the market crashed THAT much under the Trump regime.

 

[waqasmwi]

The US regime's fraudulent economy is exposed for all to see. An "economy" made of $80 haircuts and the "gigs" industry was never sustainable.

I apologize for making you scroll down so much. Yes, the market crashed THAT much under the Trump regime.

LMFAO

 

[Hamartia Antidote]

The US regime's fraudulent economy is exposed for all to see. An "economy" made of $80 haircuts and the "gigs" industry was never sustainable.

I apologize for making you scroll down so much. Yes, the market crashed THAT much under the Trump regime.

https://www.channelnewsasia.com/new...cks-10-year-low-covid-19-coronavirus-12534932
13 Mar 2020 03:34PM
Singapore shares hit 10-year low over COVID-19 fears

SINGAPORE: Singapore's stock market went into a steep slide on Friday (Mar 13) as fears over the COVID-19 pandemic deepened, joining a global rout that has seen shellshocked investors across the world tip into a "sell-everything mode".

The benchmark Straits Times Index (STI) fell as much as 6.3 per cent to 2,510.88 during intra-day trading, Bloomberg data showed.

This is the lowest since Jul 24, 2009, when it touched 2,503.28.

The index ended the day at 2,634, down 1.7 per cent, with losers outpacing winners at 430 to 137.

"This is a volatile situation that is likely to last for some time," Ms Pan Jingyi, market strategist at IG, told CNA.

"The fact of the matter is that the coronavirus gives a lot of uncertainty and although we have a lot of policy support, we will see a little bit more caution. I would recommend being a little more cautious at this point in time," she added.

Property and financial counters were among the worst hit, with Mapletree Commercial Trust, City Developments Ltd, CapitaLand and DBS losing as much as 10.2 per cent, 7.6 per cent, 7.8 per cent and 6.5 per cent respectively.

"It is worrisome and diving too fast," said Mr Alvin Lee, 41, who holds stocks in Singapore and the US.

"With the current market situation it seems like everyone is selling. But it might be a good chance to buy some if you have spare cash," he added.

Housewife Mrs Tan SL, 40, agreed: "Panic selling doesn't do us good. Be rational. Time to buy good blue chip stocks."


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Um we are up almost 10% today.

LOL!!!!!!! At the complete Singaporean idiot who wrote the OP. I think somebody lost a ton of money in their own market today and needed to vent!! We aren't anywhere close to touching a 10 year low. I guess that makes YOU guys the complete joke economy not us.

Our 10 year is 10,000. We aren't even under 20,000.

 

[Beidou2020]

Whataboutism.

Singapore doesn't have a dipshit "leader" bragging about having the best stock market in the MCU and then gets his face kicked in by reality. Try to stay on topic, mmkay?

US economy is surviving because of bubbles. Each bubble bigger than the last.

 

[F-22Raptor]

Whataboutism.

Singapore doesn't have a dipshit "leader" bragging about having the best stock market in the MCU and then gets his face kicked in by reality. Try to stay on topic, mmkay?

The markets will absolutely come back. I have no doubt about that.

 

[Beidou2020]

The markets will absolutely come back. I have no doubt about that.

The credit bubble has popped. The air is coming out of that bubble just like it happened in the housing bubble. The Fed is trying to put air back into the bubble by printing trillions.

People bought houses that they couldn’t afford and when interest rates went up they couldn’t keep up with payments and defaulted. All the lenders that had these subprime mortgages in their books were in trouble and led to a collapse and bailouts.

The corporate bonds are in a similar state. Companies that shouldn’t even be in business were surviving because they could borrow at low interest rates. Once the credit bubble pops and interest rates go up, their cash flow can’t keep up with their interest payments. They will default and anyone holding their bonds and loans will be in big trouble.

The credit bubble is the largest bubble ever created as a result of 0% interest rates for multiple years and trillions in cheap money. So many sectors that aren’t viable in a normal functioning economy borrowed money more than they could ever afford. As the credit bubble pops, the American empire will pop too. The end game in all this will be Pax Americana will be in the dustbin of history.

 

[Ahmet Pasha]

SOMETHING BIG is definitely coming. Gut feeling says there'll be wars small or big I don't know but there's gonna be wars fosho.

 

[49savage]

SOMETHING BIG is definitely coming. Gut feeling says there'll be wars small or big I don't know but there's gonna be wars fosho.

Yep I totally agree. Lace up your boots.

 

[Ahmet Pasha]

Usually during tough times these big countries start wars to rebound their economies.

Yep I totally agree. Lace up your boots.

 

[That Guy]

SOMETHING BIG is definitely coming. Gut feeling says there'll be wars small or big I don't know but there's gonna be wars fosho.

A recession. It's been talked about for a few years. The virus may end up causing it.