Repercussions on us re. recent stock market crash ...(?)

Discussion in 'Off-Topic Discussion' started by rosebay, Aug 25, 2015.

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  1. rosebay

    rosebay budding naturalistic gardener!

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    Seems like we should be planning for an imminent major disruption. At first I thought this article was scaremongering, but one sentence stood out to me....

    “We were close enough in 2008 (if the bank bailout hadn't worked),” he said. “and what's coming is on 20 times that scale”.

    Here is the whole article...

    http://www.msn.com/en-gb/money/mark...n-brown-advisor/ar-BBm3clv?ocid=mailsignoutmd

    Your thoughts?
     
    rosebay, Aug 25, 2015
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  2. *Potash*

    *Potash* Gardener

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    Blimey, i'm still living off the stuff I got in for the ebola outbreak :yikes:
     
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      *Potash*, Aug 25, 2015
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    • Sheal

      Sheal Total Gardener

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      I believe the world talked itself into the last crash......so here we go again! Scaremongering is not helpful! :doh:
       
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        Sheal, Aug 25, 2015
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      • Anthony Rogers

        Anthony Rogers Guest

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        It's all scaremongering as Sheal has said.
        If we're in for a crash why is the London Stock Market rising ?
         
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          Anthony Rogers, Aug 25, 2015
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        • pete

          pete Growing a bit of this and a bit of that....

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          Who writes that rubbish?
           
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            pete, Aug 25, 2015
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          • Sheal

            Sheal Total Gardener

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            Quote: "The People's Bank of China finally takes action." They slashed interest rates by a 1/4 of 1% ten hours ago.
             
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              Sheal, Aug 25, 2015
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            • Freddy

              Freddy Miserable git, well known for it

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              Probably the same people that like to pick up shares cheap.
               
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                Freddy, Aug 25, 2015
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              • rosebay

                rosebay budding naturalistic gardener!

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                OK - I heed your posts and this is reassuring. Just wanted some feedback since this is not an area I am familiar with. Thanks.
                 
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                  rosebay, Aug 25, 2015
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                • WeeTam

                  WeeTam Total Gardener

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                  :snork:The mother of all crashes is coming maybe just not yet. Buy gold buy silver, move out of the cities, stockpile food and buy several scary dogs for the security you will be needing wnen the hoardes come looking for your food.:help::fingers crossed::snork:
                   
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                    WeeTam, Aug 25, 2015
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                  • rosebay

                    rosebay budding naturalistic gardener!

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                    Yes many seem to think so WeeTam. The ones that prepare for it are apparently called preppers and I am in contact with some of them. Whilst I am in great admiration of them, I am too fucused on the present (perhaps to my detriment). Never been a planner.

                    To your list I would add that the most crucial access is having clean water. We die quicker from lack of water than lack of food.
                     
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                      rosebay, Aug 25, 2015
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                    • ARMANDII

                      ARMANDII Low Flying Administrator Staff Member

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                      Well, the fact that the Chinese Stock Market is sliding isn't really connected to the crash of our Stock Markets The Chinese Stock Market is run by the Chinese Government and is not interlinked with the world markets and the biggest losers are the mainly ordinary Chinese private investors who were encouraged to buy shares/stock by their government and all that initial buying forced over evaluation of the stocks.
                      Our Stock Markets have crashed because they looked at the slide in a Stock Market not even connected to them, somehow linked it to the slowing down of the Chinese economy [standing at 7% growth...ours is a 2.7% forecast:dunno:] and think DOOM, PANIC, PANIC............nothing in our Stock Markets reactions and decisions are logical and as they say all the values of Stocks and Shares are "in the mind", it's a perceived value and that can change on a rumour or because someone is manipulating the markets for a quick buck.
                       
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                        ARMANDII, Aug 25, 2015
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                      • Sheal

                        Sheal Total Gardener

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                        Is this a Stock market crash or Armageddon? :)

                        I don't see this as preparation Rosebay but panic buying, which also causes chaos for everyone else that tries to be sensible as nothing is left on the shelves for people to buy. :doh:
                         
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                          Sheal, Aug 25, 2015
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                        • ARMANDII

                          ARMANDII Low Flying Administrator Staff Member

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                          It's neither really, Sheal. The European Markets slid and have recovered somewhat, while the American markets recovered slightly but have panicked again somewhat and have dipped a bit again. America is financially connected to China in that at the moment they are in debt to China to the sum of $1270.3 Billion dollars. Oil is low because the Arab Producers see the American fracking for gas as undermining their energy markets and so are over producing and the oil/gas on the ships waiting out at sea are being bought and rebought without the ships even going into port!!
                           
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                            ARMANDII, Aug 25, 2015
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                          • rosebay

                            rosebay budding naturalistic gardener!

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                            Whilst I agree with you, the ones I am referring to, that are called preppers, are not out there panic buying. They have been planning this for years and are now well stocked up.
                             
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                              rosebay, Aug 25, 2015
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                            • ARMANDII

                              ARMANDII Low Flying Administrator Staff Member

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                              [​IMG]
                              upload_2015-8-25_23-19-39.jpeg
                               
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                                ARMANDII, Aug 25, 2015
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