MY God Dow Jones Industrial Average (^DJI)

[Hamartia Antidote]

US has been living in a bubble economy for the past 25 years. First it was the cheap money in the mid 1990’s that created the technology bubble which popped and had a recession. This caused the Fed to provide even more cheap money which created the housing bubble which popped and created the financial crisis in 2008. This caused the Fed to provide even more cheap money with 0% interest rates and trillions in cheap money which created the bond bubble. This bond bubble is popping right now. Watch corporate bonds, municipal bonds, treasury bonds.

China doesn't even have a hard currency. It is only a few steps away from Monopoly game money. Just attempt to go into a main bank in Beijing with 700,000 Chinese Yuan and try and get a bunch of "worthless" US dollars in return. The bank will refuse to do it. However if you instead bring in 100,000 US dollars and try and get Yuan for it they will HAPPILY do it.

You know a currency is a big joke when even your own banks wont take it.

 

[Armchair]

Well they can say all they want but that isn't going stop hospitals from suddenly getting flooded with so many people that new ones need to be erected.

Let me check the news to see if there's been a boom of new hospital construction over the last 5 months due to a flood of "sprained ankles" cases.

Edit: Nope, don't see anything. So much for your theory...

I feel this is not a smart comment. The US healthcare industry does not have the capability or management to be able to create hospitals like China did. The US, in all likelihood, will suffer much worse.

 

[Hamartia Antidote]

I feel this is not a smart comment. The US healthcare industry does not have the capability or management to be able to create hospitals like China did. The US, in all likelihood, will suffer much worse.

I think 193 countries on this planet are going to be in FAR worse shape. You are picking the wrong one to be worried about.

 

[Beidou2020]

Supply shock —> Demand shock
—> Financial shock.

You are witnessing the popping of the greatest credit bubble in the history of mankind. The end game will be the collapse of the American empire and the end of Pax Americana.

 

[F-22Raptor]

Supply shock —> Demand shock
—> Financial shock.

You are witnessing the popping of the greatest credit bubble in the history of mankind. The end game will be the collapse of the American empire and the end of Pax Americana.

When the US economy comes roaring back, you’ll disappear just like you did a couple years ago.

 

[hirobo2]

US saving the best part for 2022 after China hosts the Winter Olympics. Same thing they did in 2008 (financial crisis) after Summer Olympics. We're going to see a sizable but slow recovery back to almost the Dow all time high. Should b 2022 when this is reached, then look out below. You ain't seen nothing yet till u see Dow -13% in a single day in 2022...

 

[Beidou2020]

When the US economy comes roaring back, you’ll disappear just like you did a couple years ago.

Do you even understand how the US economy manages to survive? Bubbles

 

[GumNaam]

Wonder if China is quietly buying all the crashing stocks...

 

[52051]

Well they can say all they want but that isn't going stop hospitals from suddenly getting flooded with so many people that new ones need to be erected.

Let me check the news to see if there's been a boom of new hospital construction over the last 5 months due to a flood of "sprained ankles" cases.

Edit: Nope, don't see anything. So much for your theory...

Well your country is pretty good at hiding things like that, and with your layered and casted public health system it may not be that hard a job.

Remember how you handle H1N1 outbreak? first you tell the media H1N1 cause of death is about 10,000, and a few years later, when the hotness of H1N1 flu cold down, you admit the media the H1N1 actually kills 300,000.

I must give credits to you for that, you system is much better at lying a straight face and fool dotard people, etc.

 

[Hamartia Antidote]

Remember how you handle H1N1 outbreak? first you tell the media H1N1 cause of death is about 10,000, and a few years later, when the hotness of H1N1 flu cold down, you admit the media the H1N1 actually kills 300,000.

I must give credits to you for that, you system is much better at lying a straight face and fool dotard people, etc.

Please post a link about that 300,000 figure instead of pulling it out of the air (more likely WeChat)....
There were close to 300,000 hospitalizations and around 14,000 deaths.

https://www.cdc.gov/flu/pandemic-resources/2009-h1n1-pandemic.html
From April 12, 2009 to April 10, 2010, CDC estimated there were 60.8 million cases (range: 43.3-89.3 million), 274,304 hospitalizations (range: 195,086-402,719), and 12,469 deaths (range: 8868-18,306) in the United States due to the (H1N1)pdm09 virus.

So far there's no evidence of any additional hospitals having been built (or buildings requisitioned) like China needed to handle the FLOOD of extremely sick people.

 

[Han Patriot]

China doesn't even have a hard currency. It is only a few steps away from Monopoly game money. Just attempt to go into a main bank in Beijing with 700,000 Chinese Yuan and try and get a bunch of "worthless" US dollars in return. The bank will refuse to do it. However if you instead bring in 100,000 US dollars and try and get Yuan for it they will HAPPILY do it.

You know a currency is a big joke when even your own banks wont take it.

Lol....sure sure... US is not tanking, and Trump is confident. Lolololol

Well your country is pretty good at hiding things like that, and with your layered and casted public health system it may not be that hard a job.

Remember how you handle H1N1 outbreak? first you tell the media H1N1 cause of death is about 10,000, and a few years later, when the hotness of H1N1 flu cold down, you admit the media the H1N1 actually kills 300,000.

I must give credits to you for that, you system is much better at lying a straight face and fool dotard people, etc.

Of course Hamartia will say his country is an angel... Tuskergee experiment anyone? Agent orange? These bastard want war? We will give them war...

 

[Hamartia Antidote]

It seems that your government's current strategy is trying to hide the death toll (by counting many of the diseased as died of common flu as admitted by your CDC officials) as long as possible to save time to hope either an treatment become ready or the warmer and warmer weather make the virus died out.

Pretty risky strategy I would say, but we will see whether it works or not soon

According to this post CHINA was hiding the real numbers for a month.
If we look at numbers originally given out by China January 24 is when you guys hit 26.

https://defence.pk/pdf/threads/scmp...ck-to-november-17.656797/page-2#post-12147496

Nov 17: 1
Dec 15: 27
Dec 20: 60
Dec 31: 266