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Black Monday on Global Stock Exchanges: The Situation
- Catalyst: The largest drop on the Japanese Stock Exchange since 1987—down 13%. Trading halted.
- South Korea: Trading halted after a 12% drop.
- Japan: Bank stocks fell by 20% before trading was halted.
- Taiwan: The Taiwan Stock Exchange Index fell by 10%—the largest single-day drop in history.
- Turkey: The Istanbul Stock Exchange also plummeted by 7%, leading to a trading halt.
- Robinhood: One of the largest private brokers, stopped trading on its platform.
- Pre-market losses: Across the board—Nvidia -10%, Tesla -12%, Apple, Microsoft, Google, Amazon -10%.
- Bitcoin: Dropped below $50,000, followed by altcoins.
- Oil price: Fell to $76.
European Stock Indices:
- Germany DAX: Down 2.6%
- UK FTSE 100: Down 2.8%
- France CAC 40: Down 2.4%
- Spain IBEX: Down 2.6%
- Italy FTSE MIB: Down 2.8%
Notable Declines:
- Banks: Societe Generale down 3.8%, Barclays and Santander - 3.4%, Deutsche Bank - 4.4%, Commerzbank and Intesa Sanpaolo - 3.2%, Unicaja Banco - 4.1%, Banco de Sabadell - 3.6%, BBVA - 3.3%, UniCredit - 4%.
- Automakers: BMW down 3.3%, Porsche and Volkswagen - 3.9% and 3.5%, Daimler Truck and Mercedes-Benz - 2.7%, Renault - 4.6%.
Cause of the Panic:
There's no single reason for the panic; it's a complex set of factors, with fears of a recession in the US being prominent. The collapse of the Japanese market, seen as a major US ally, was a red flag for many traders, triggering a rapid and uncontrollable market sell-off. The situation continues to unfold.
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It's easy to mock this guy, laugh at him, say it's always Gingers etc.
However why are we not asking why, as a society, young men are making life choices like this?
Same as anyone who chooses to go against our natural order with how they live.
Something has gone badly wrong.
“Oregon is using satellites to hunt small farms.”
Farmer Justin Rhodes says the state redefined “CAFO” so even 3 cows and a milking stand count as a factory farm.
Cease-and-desist letters. $100K “upgrades.” Family farms shut down.
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“The fetal bovine serum is just disgusting, and it’s in almost every viral vaccine. They harvest it by inserting a needle into the beating heart of a baby cow to extract its blood. Where is PETA when you need them? The FDA even admits they use ‘cow parts’ because cows are large and have a lot to use.”
@NoAgendaLara
🌊🌎 Climate scientists’ controversial claim Gulf Stream could be near collapse — predicting a new ice age
A key Atlantic current could be pushed to the brink of collapse within decades, supposedly ushering in a new ice age and dramatically raising sea levels, climate scientists have claimed in a controversial new study published in the journal Communications Earth & Environment.
Per the new findings, the at-risk current in question is the Atlantic Meridional Overturning Circulation or AMOC, a “conveyor belt of the ocean” that funnels warm water toward the ocean surface — from the tropics to the Northern Hemisphere.
This current, which includes the Gulf Stream that runs from the Gulf of Mexico to the US East Coast and across the Atlantic to Europe, helps maintain the mild climate of Europe, the UK, and the US East Coast.
The study stated that the source of this marine temperature regulator, the Greenland Ice sheet, is being thawed amid warming temperatures, causing ...
