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Rank: Member Joined: 6/1/2017 Posts: 288
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[quote=lochaz-index]Shocking data from China. Global recession full steam ahead. Survivors will be few and far in between. Quote:Chinese Retail Sales crashed 20.5% YTD YoY - the first annual drop on record and four times worse than the -4.0% expectation
Chinese Industrial Production collapsed 13.5% YTD YOY - the first annual drop on record and more than four times worse than the -3.0% expectation
Fixed Asset Investment plunged 24.5% YTD YoY - the first annual drop and more than twelve times worse than the expected 2.% contraction.
And to go with those stunning numbers, Property Investment puked 16.3% YTD YoY and the Surveyed Jobless Rate exploded to a record 6.2%. https://www.zerohedge.co...massively-more-expected[/quote] Its obvious that Chinese economic numbers are far worse than they advertise.They always cook numbers like GDP,employment,inflation,Covid-19 infection and death rates etc.Not that Western countries dont do the same.US also notorious in this regard.If a guy has 3 part time jobs ie. a nurse during morning hours,a waiter during afternoon hours,bar tender in evening hours the US Bureau of Labour Statistics counts that as 3 jobs.If you have not been looking for a job for 6 months,they dont count you as unemployed.With such shenanigans,they can claim unemployment rate is less than 4%.For inflation,they dont count food,fuel and rent as part of the inflation bread basket in the Core Consumer Price Index (CPI) thus can brag that inflation is just about 2% (while in reality inflation is over 5% if you include food and energy).Even corrupt Kenya has food and fuel in its inflation basket.Such "Low" inflation figures gives the Fed cover to lower rates and print more money claiming there is no inflation.US GDP growth is normally between 2-2.5% Year over Year but US deficits are about 4-5% YoY so practically all US growth is debt financed mostly by Fed money printing.US debt grows faster than GDP hence the debt to GDP ratio of 105%.Total nonsense. Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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lochaz-index wrote:Shocking data from China. Global recession full steam ahead. Survivors will be few and far in between. Quote:Chinese Retail Sales crashed 20.5% YTD YoY - the first annual drop on record and four times worse than the -4.0% expectation
Chinese Industrial Production collapsed 13.5% YTD YOY - the first annual drop on record and more than four times worse than the -3.0% expectation
Fixed Asset Investment plunged 24.5% YTD YoY - the first annual drop and more than twelve times worse than the expected 2.% contraction.
And to go with those stunning numbers, Property Investment puked 16.3% YTD YoY and the Surveyed Jobless Rate exploded to a record 6.2%. https://www.zerohedge.co...massively-more-expected Quote:We are downgrading our forecast for China’s 2020 growth. Our previous forecast for the year was growth at 5.2%. Our new forecast is 1.4%. That includes a 11% contraction in the first quater.” Quote:Goldman Sachs Group Inc. and Morgan Stanley economists joined the rush on Wall Street to declare that the coronavirus has triggered a global recession, with the debate now focusing on its likely length and depth.
A day after President Donald Trump conceded the U.S. slump alone is set to be “a bad one,” economists threw away their forecasts that the world could avoid tumbling into recession for the first time since the financial crisis. https://www.bloomberg.co...ase-case?srnd=markets-vpThe main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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DJIA  Expecting a surprising relief rally in the DOW soon. Target 22,000 to 23,000. It should be fully erased thereafter. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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lochaz-index wrote:lochaz-index wrote:Shocking data from China. Global recession full steam ahead. Survivors will be few and far in between. Quote:Chinese Retail Sales crashed 20.5% YTD YoY - the first annual drop on record and four times worse than the -4.0% expectation
Chinese Industrial Production collapsed 13.5% YTD YOY - the first annual drop on record and more than four times worse than the -3.0% expectation
Fixed Asset Investment plunged 24.5% YTD YoY - the first annual drop and more than twelve times worse than the expected 2.% contraction.
And to go with those stunning numbers, Property Investment puked 16.3% YTD YoY and the Surveyed Jobless Rate exploded to a record 6.2%. https://www.zerohedge.co...massively-more-expected Quote:We are downgrading our forecast for China’s 2020 growth. Our previous forecast for the year was growth at 5.2%. Our new forecast is 1.4%. That includes a 11% contraction in the first quater.” Quote:Goldman Sachs Group Inc. and Morgan Stanley economists joined the rush on Wall Street to declare that the coronavirus has triggered a global recession, with the debate now focusing on its likely length and depth.
A day after President Donald Trump conceded the U.S. slump alone is set to be “a bad one,” economists threw away their forecasts that the world could avoid tumbling into recession for the first time since the financial crisis. https://www.bloomberg.co...se-case?srnd=markets-vp China is going to surprise these fundamentalists. China has bottomed. The corvid virus outbreak is a perfect socionomic indication that the worst is past. Same with Hong Kong. The riots signalled a bottom in their markets. Expect rallies in their markets ahead Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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mnandii wrote:lochaz-index wrote:lochaz-index wrote:Shocking data from China. Global recession full steam ahead. Survivors will be few and far in between. Quote:Chinese Retail Sales crashed 20.5% YTD YoY - the first annual drop on record and four times worse than the -4.0% expectation
Chinese Industrial Production collapsed 13.5% YTD YOY - the first annual drop on record and more than four times worse than the -3.0% expectation
Fixed Asset Investment plunged 24.5% YTD YoY - the first annual drop and more than twelve times worse than the expected 2.% contraction.
And to go with those stunning numbers, Property Investment puked 16.3% YTD YoY and the Surveyed Jobless Rate exploded to a record 6.2%. https://www.zerohedge.co...massively-more-expected Quote:We are downgrading our forecast for China’s 2020 growth. Our previous forecast for the year was growth at 5.2%. Our new forecast is 1.4%. That includes a 11% contraction in the first quater.” Quote:Goldman Sachs Group Inc. and Morgan Stanley economists joined the rush on Wall Street to declare that the coronavirus has triggered a global recession, with the debate now focusing on its likely length and depth.
A day after President Donald Trump conceded the U.S. slump alone is set to be “a bad one,” economists threw away their forecasts that the world could avoid tumbling into recession for the first time since the financial crisis. https://www.bloomberg.co...se-case?srnd=markets-vp China is going to surprise these fundamentalists. China has bottomed. The corvid virus outbreak is a perfect socionomic indication that the worst is past. Same with Hong Kong. The riots signalled a bottom in their markets. Expect rallies in their markets ahead Agreed. Currently scouting for positions there. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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mnandii wrote:DJIA Expecting a surprising relief rally in the DOW soon. Target 22,000 to 23,000. It should be fully erased thereafter. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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mnandii wrote:DJIA Expecting a surprising relief rally in the DOW soon. Target 22,000 to 23,000. It should be fully erased thereafter. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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 Fundamentalists are late to the party, as always. I posted on a bull run to the DOW on Sunday, we now have our rally which is likely completing before the DOW resumes its downward trajectory to levels below 18,000. Fundies are claiming the rally is as a result of the agreed fiscal stimulus! Alas! After, the rally... Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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mnandii wrote:Fundamentalists are late to the party, as always. I posted on a bull run to the DOW on Sunday, we now have our rally which is likely completing before the DOW resumes its downward trajectory to levels below 18,000. Fundies are claiming the rally is as a result of the agreed fiscal stimulus! Alas! After, the rally... I do not know where you get your definition of fundamentalists  Lakini, it is all good.  The mantra I like is “ Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.” by Warren Buffett Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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VituVingiSana wrote:mnandii wrote:Fundamentalists are late to the party, as always. I posted on a bull run to the DOW on Sunday, we now have our rally which is likely completing before the DOW resumes its downward trajectory to levels below 18,000. Fundies are claiming the rally is as a result of the agreed fiscal stimulus! Alas! After, the rally... I do not know where you get your definition of fundamentalists Lakini, it is all good. The mantra I like is “ Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.” by Warren Buffett Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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