Friday, August 21, 2015

Lots of doomer porn on BI today


DOOOOOM!

BI - investors are stampeding out of stocks. Wow, I can tell. Like for example S&P 500 is 5% off its all-time high. That's totally a stampede and everything.

BI - markets are getting slammed again. Yeah, a 1% drop at the open is so titanic, it's like 2008 all over again oh wait no it's not.

BI - here are all the ways that China can blow up the world's economy. Yeah, a 4% drop in the yuan can really destroy the world, because 4% is such a big number and wow just look how much the economy was destroyed by the collapses in the Turkish lira and Brazilian real oh wait nobody even noticed did they.

BI - Rupert Murdoch warns we're on the brink of a major global crisis. And he should know because he can't even sell newspapers anymore and that's all he's ever been good at. Seems like what he really wants is the adulation that Peter Schiff and that German wackaloon doomer have been getting from the right wing survivalist crowd.


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