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A Crash is coming... apparently

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1 hour ago, giggler000 said:

love market oracle but the real doom porn is on ZH (IMHO).  still waiting for the crash people have been talking about since the last one in 2007/08

Lol if you think that was a crash, wait to see what's in store.

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1 hour ago, giggler000 said:

love market oracle but the real doom porn is on ZH (IMHO).  still waiting for the crash people have been talking about since the last one in 2007/08

That article was on ZH two days ago.

http://www.zerohedge.com/news/2017-06-21/warning-oil-crash-just-days-away-triggering-debt-crisis

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58 minutes ago, Paul77 said:

I am very skeptical about correlations like that.

Yeah,you need to see the charts over a longer timeframe.

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2 hours ago, giggler000 said:

love market oracle but the real doom porn is on ZH (IMHO). 

Nothing ZH have said in the last decade has actually come to pass, total waste of time. Indeed I wish posters would put a zero hedge tag on stuff so I know not to bother with it. Market oracle are almost as bad. These sites are basically like two clocks one stuck at 12 am the other at 12 pm - both  waiting for their accidental single moment of glory.

Edited by goldbug9999

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10 minutes ago, goldbug9999 said:

Nothing ZH have said in the last decade has actually come to pass, total waste of time. Indeed I wish posters would put a zero hedge tag on stuff so I know not to bother with it. Market oracle are almost as bad. These sites are basically like two clocks one stuck at 12 am the other at 12 pm - both  waiting for their accidental single moment of glory.

Cough, MoneyWeek, cough...

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3 hours ago, goldbug9999 said:

Nothing ZH have said in the last decade has actually come to pass, total waste of time. Indeed I wish posters would put a zero hedge tag on stuff so I know not to bother with it. Market oracle are almost as bad. These sites are basically like two clocks one stuck at 12 am the other at 12 pm - both  waiting for their accidental single moment of glory.

ZH stories often seem to make sense as I'm reading them and I get all wound up. Then at the end "click here to receive our FREE guide on how to profit from [whatever they just prophesied]"

 

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3 hours ago, goldbug9999 said:

Nothing ZH have said in the last decade has actually come to pass, total waste of time. 

I don't think you've actually be reading ZH. They have broken many of the big financial scandal and other stories in the last 10 years. 

As concerns the crash, it hasn't happened yet but is inevitable.

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I like ZH, although am not a fan of the bigoted comments of it's apparently very "alt right" readers.

It is proper doom porn though so you have to adjust your expectations when reading it. When I first started I was convinced that the end was just around the corner, when in reality it's extremely sensationalist and will potentially make considerable leaps of faith regarding trends and create a lot of noise about minimal changes in stock values etc ("XXXX crashes most this year sending markets into panic") when in reality when viewed in context said drop is really very small.

It does have some good content though, you just have to set aside some of the political spin and learn not to take it all at face value. I think as Errol alludes to above, the indicators are legit (look at the car finance debacle in the US) the difficult job is calling the timing. It's not a question of if, but when.

I've come to like Wolf Street - less political, reactionary and sensationalist, easier to digest and probably a bit more reliable. Not quite as fun, though :P

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ZH takes a relentlessly anti-capitalist/western stance while flogging stuff (in this case useless investment tips) using capitalist methods.   There may be the occasional article which illustrates something worthwhile, but mainstream media is better reading for me because it can take different viewpoints. RT is similarly unenlightening.

Wanting to know when there'll be a crash & what the trigger will be doesn't often help understand what's happening because the focus is too narrow.

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ZH with a pinch of salt, find mainstream equally biased in the other direction, always putting a positive spin on things towards the end of the negative article (looking at you Bloomberg), so read all and make up your own mind. As the very balanced and highly respected French Economist Christophe Barraud (@C_Barraud) references numerous ZH articles, that also justifies my reading of them.

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52 minutes ago, Barnsey said:

ZH with a pinch of salt, find mainstream equally biased in the other direction, always putting a positive spin on things towards the end of the negative article (looking at you Bloomberg), so read all and make up your own mind. 

Nothing is completely unbiased, and  TV/radio are infuriating, but I get the feeling that ZH are purely malicious and would welcome the destruction of western civilisation. Posting similar content, HPCers generally want fairness and somewhere decent to live, and this view even sometimes gets represented in the press or online.

Unfortunately ZH is more likely to have its wishes come true.

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On 6/23/2017 at 1:20 PM, Errol said:

As concerns the crash, it hasn't happened yet but is inevitable.

Yeah we all know that, ZH isnt providing any value add WRT to predicting the timing. It pains me to say it but over the last couple of decades the FT has as far as I can tell the best record of economic prediction and is worth the occasional read to balance the alt-right /conspiracy / doom monger stuff that tends to get surfaced here.

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