FAQ |
Members List |
Calendar |
Search |
Today's Posts |
|
Serious Debates & News Debate and discussion about political, moral, philosophical, celebrity and news topics. |
Reply |
|
Thread Tools | Display Modes |
13-06-2022, 10:18 AM | #1 | |||
|
||||
Senior Member
|
https://www.cnbc.com/2022/06/13/asia...ncies-oil.html
I wont even try and say I know what that all means, but it nust be important. |
|||
Reply With Quote |
13-06-2022, 10:20 AM | #2 | |||
|
||||
🌈😈🌈👊🏾🌈👻🌈🫦🌈🔥🌈
|
Time for the reset
__________________
TiBB’s World Traveller Favourite countries I’ve been to: 🇧🇷🇲🇽🇬🇷🇪🇸🇯🇵🇳🇦🇺🇸🇨🇦🇺🇦🇳🇮🇵🇭 Evil countries: 🇻🇳🇲🇦🇷🇺🇮🇪 |
|||
Reply With Quote |
13-06-2022, 10:44 AM | #3 | ||
|
|||
-
|
Everything has been dropping in the West for a while; Asian markets then tend to follow as they have such huge manufacturing economies... but their market is West. So basically West tumbles, buying power reduces, East follows.
Oil and Gas are (more or less) the driving forces in all of this currently. You could loosely say the war in Ukraine but that's just the issue of the moment - the larger elephant in the room is that as fossil fuels become more scarce (and eventually run out) there are going to be major global disruptions until a stable alternative is found (as yet, there isn't one, due to the vast resources needed to convert everything to electric, and the fact that everyone **** their pants over nuclear energy so we don't have the grid capacity for going full-electric or even close). |
||
Reply With Quote |
13-06-2022, 10:52 AM | #4 | ||
|
|||
Senior Member
|
It's because interest rates are likely to be hiked this week.
Investors are scared. Also COVID in China. Inflation generally, COVID, russian/Ukraine. The whole market is tanking today. My stocks have been on a decline for a while now and I keep losing money. It will recover though, but will likely get worse before better. Thankfully, the two stocks I'm invested in are an EV company and an energy one......I'm still down 50% on my energy and up 4% with my EV stock, but it has tumbled loads. Investing though is long term so just need to ride it out. |
||
Reply With Quote |
13-06-2022, 11:03 AM | #5 | ||
|
|||
-
|
I selfishly added to the market volatility by dumping all of my stocks & crypto two months ago before they started tanking . Not that I'm a huge investor or anything, just hobby investments. I can't see the market heading back up for 6+ months so better to buy back in when it hits the bottom.
I did keep my meme coins though (Shiba Inu) . We believe in you Shib!!! You can do it! |
||
Reply With Quote |
13-06-2022, 11:08 AM | #6 | ||
|
|||
-
|
A good friend of mine (way back to our teens) is high-ish management at a major investment company and likes to occasionally send my scary pictures of red screens lately . A fair bit of panic in the industry of late.
To sum up as best as I understood what he was saying - market volatility is obviously "normal" but these big investors have "safe haven" investments that are extremely stable... usually... and when things get rocky they dump all of the high risk investments and put all the money into those. He's been with them over 15 years and this has been standard stuff. Except in the last 6 months... there have been occasions when they've gone to dump the high risk and transfer, only to find that those "unshakeable stocks" are also all red. Or in short; there's no safe-haven stocks... nowhere to protect the investments . There's "Very risky", "Risky" and "A bit less risky". |
||
Reply With Quote |
13-06-2022, 11:18 AM | #7 | |||
|
||||
self-oscillating
|
my crypto stocks have completely bombed since the war began, i just dont look at them anymore
Crypto was always a risk though, its certainly not something i would put my life savings into. What will be interesting going forward, is what are the pension companies going to do if the uncertainty in the markets continues much longer |
|||
Reply With Quote |
13-06-2022, 11:26 AM | #8 | ||
|
|||
Senior Member
|
Quote:
Quote:
I use stockwits to check the stock prices and sometimes read the comments/post, but I don't like to see what my balance is. I'm down about 9k at minite |
||
Reply With Quote |
13-06-2022, 11:59 AM | #9 | ||
|
|||
-
|
Indeed, my friend works in a large pensions and investments company (spreadsheets with figures into the 10-digits) and that's what he was telling me about, the safe things they usually use to "turtle up" and weather market volatility are also not behaving as predictably as they have historically... and when you're talking figures into the billions, a tiny percentage drop represents millions of £. Crazy stuff really.
|
||
Reply With Quote |
13-06-2022, 12:40 PM | #10 | |||
|
||||
Senior Member
|
China is causing all this
I posted the other day 4 Main China banks blocking Cash Withdrawals. They have loads of Properties unfinished |
|||
Reply With Quote |
13-06-2022, 12:41 PM | #11 | |||
|
||||
Senior Member
|
|
|||
Reply With Quote |
13-06-2022, 01:14 PM | #12 | |||
|
||||
Senior Member
|
|
|||
Reply With Quote |
13-06-2022, 01:38 PM | #13 | |||
|
||||
self-oscillating
|
china isn't causing it Arista, you are seeing symptoms in China
|
|||
Reply With Quote |
13-06-2022, 01:46 PM | #14 | |||
|
||||
Senior Member
|
Quote:
Banks saying No cash can be withdrawn. If we get to that UK Banks will get attacked. Last edited by arista; 13-06-2022 at 01:46 PM. |
|||
Reply With Quote |
13-06-2022, 03:00 PM | #15 | ||
|
|||
-
|
Quote:
Quote:
In years past I'd have said they should just convert their bank funds to stable crypto and store it that way - but that's not even close to being a safe option at the moment. |
||
Reply With Quote |
13-06-2022, 03:16 PM | #16 | |||
|
||||
Senior Member
|
"It doesn't mean the money doesn't exist"
Of Course TS China Banks keeping the Cash to pay off massive property debts |
|||
Reply With Quote |
13-06-2022, 03:21 PM | #17 | |||
|
||||
Senior Member
|
If Banks go dodgy in the UK
all customers stands outside waiting to get their Cash Dodgy Gordon Brown the Failed Prime Minister time, 2008 Last edited by arista; 13-06-2022 at 03:25 PM. |
|||
Reply With Quote |
13-06-2022, 03:25 PM | #18 | |||
|
||||
Senior Member
|
Golders Green |
|||
Reply With Quote |
13-06-2022, 03:29 PM | #19 | |||
|
||||
self-oscillating
|
the world has moved on since 2008. People no longer rely on having wads of cash in their wallets
|
|||
Reply With Quote |
13-06-2022, 03:41 PM | #20 | |||
|
||||
Senior Member
|
Quote:
Sure But withdrawing Cash is all legal And would happen again Last edited by arista; 13-06-2022 at 03:43 PM. |
|||
Reply With Quote |
13-06-2022, 04:44 PM | #21 | |||
|
||||
Senior Member
|
$76 Billion Wiped Out From Indian Stocks
Gravitas Part 1 WION HD SkyHD Ch523 |
|||
Reply With Quote |
14-06-2022, 03:52 PM | #22 | |||
|
||||
Senior Member
|
A Barrel of Oil is $120
Russia is selling it for $90 So India is buying from Russia. Ignoring USA Advice Also buying direct from Russia: China And the First 100 days of the Ukraine War: Germany Italy Netherlands Tukey Poland France Belguim Live WION HD Part1 Gravitas Last edited by arista; 14-06-2022 at 03:58 PM. |
|||
Reply With Quote |
14-06-2022, 03:59 PM | #23 | ||
|
|||
-
|
Quote:
If Russia is selling oil at $90 a barrel, then a barrel of oil is $90. If a frozen pizza costs £5 at Tesco and the same pizza costs £3 at the ASDA next door, you don't say "That pizza costs £5!" |
||
Reply With Quote |
14-06-2022, 04:03 PM | #24 | |||
|
||||
Senior Member
|
2 Trillion dollars
lost on Bitcoin over the last 2 months Gravitas WION HD |
|||
Reply With Quote |
14-06-2022, 04:04 PM | #25 | |||
|
||||
self-oscillating
|
as TS is pointing out, if russia is selling oil cheaper then that drives the price down, it's how the market works
|
|||
Reply With Quote |
Reply |
|
|