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Tuesday, 25 August 2015

Global Pong (Wave Theory)

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A trader gestures on the floor of the New York Stock Exchange at the start of the trading day in New York, New York, USA,on Monday. Global markets have been reacting to the economic situation in China and the Dow Jones Industrial average followed that trend losing 1,000 points in early trading

A trader gestures on the floor of the New York Stock Exchange at the start of the trading day in New York on Monday. Global markets have been reacting to the economic situation in China and the Dow Jones Industrial average followed that trend losing 1,000 points in early trading before recovering: photo by Justin Lane/EPA, 24 August 2015

Investors look at stock information on an electronic board at a brokerage house in Hangzhou

Investors look at stock information on an electronic board at a brokerage house in Hangzhou, China: photo by Reuters, 25 August 2015

Migrants from Syria sit along a road as they wait for a bus in the village of Miratovac near the town of Presevo, Serbia August 24, 2015. Long lines of migrants, many of them refugees from Syria, snaked through southern Serbia by foot on Monday before jumping on trains and buses north to Hungary and the last leg of an increasingly desperate journey to western Europe

Migrants from Syria sit along a road as they wait for a bus in the village of Miratovac near the town of Presevo, Serbia. Long lines of migrants, many of them refugees from Syria, snaked through southern Serbia by foot on Monday before jumping on trains and buses north to Hungary and the last leg of an increasingly desperate journey to western Europe: photo by Marko Djurica/Reuters, 24 August 2015

Migrants from Syria sit along a road as they wait for a bus in the village of Miratovac near the town of Presevo, Serbia August 24, 2015. Long lines of migrants, many of them refugees from Syria, snaked through southern Serbia by foot on Monday before jumping on trains and buses north to Hungary and the last leg of an increasingly desperate journey to western Europe

Migrants from Syria sit along a road as they wait for a bus in the village of Miratovac near the town of Presevo, Serbia. Long lines of migrants, many of them refugees from Syria, snaked through southern Serbia by foot on Monday before jumping on trains and buses north to Hungary and the last leg of an increasingly desperate journey to western Europe: photo by Marko Djurica/Reuters, 24 August 2015

A mother and children look through a train window at Gevgelija, Macedonia, as migrants continue their journey towards other EU countries.

A mother and children look through a train window at Gevgelija, Macedonia, as migrants continue their journey towards other EU countries: photo by Vassil Donev/EPA, 25 August 2015
 
A Malaysian woman walks past an advertis...A Malaysian woman walks past an advertisement outside a jewellery store at a shopping mall in Kuala Lumpur on August 25, 2015.  Prices of crude oil and most other commodities rebounded in Asia on August 25 but stayed under pressure following a global sell-off sparked by the faltering economy in China, the world's top user of industrial metals and energy. Gold prices remained steady, boosted by prospects of increased demand due to its status as a safe haven in times of turmoil.    AFP PHOTO / MANAN VATSYAYANAMANAN VATSYAYANA/AFP/Getty Images

A Malaysian woman walks past an advertisement outside a jewellery store at a shopping mall in Kuala Lumpur. Prices of crude oil and most other commodities rebounded in Asia on Tuesday but stayed under pressure following a global sell-off sparked by the faltering economy in China, the world’s top user of industrial metals and energy. Gold prices remained steady, boosted by prospects of increased demand due to its status as a safe haven in times of turmoil: photo by Manan Vatsyayana/AFP,  25 August 2015

 A Malaysian woman walks past an advertis...A Malaysian woman walks past an advertisement outside a jewellery store at a shopping mall in Kuala Lumpur on August 25, 2015.  Prices of crude oil and most other commodities rebounded in Asia on August 25 but stayed under pressure following a global sell-off sparked by the faltering economy in China, the world's top user of industrial metals and energy. Gold prices remained steady, boosted by prospects of increased demand due to its status as a safe haven in times of turmoil.    AFP PHOTO / MANAN VATSYAYANAMANAN VATSYAYANA/AFP/Getty Images

 A Malaysian woman walks past an advertisement outside a jewellery store at a shopping mall in Kuala Lumpur. Prices of crude oil and most other commodities rebounded in Asia on Tuesday but stayed under pressure following a global sell-off sparked by the faltering economy in China, the world’s top user of industrial metals and energy. Gold prices remained steady, boosted by prospects of increased demand due to its status as a safe haven in times of turmoil: photo by Manan Vatsyayana/AFP,  25 August 2015

Children play with hula hoops at a park ...Children play with hula hoops at a park where migrants have found temporary shelter in the Serbian capital Belgrade on August 25, 2015. A record number of refugees streamed into EU member state Hungary from Serbia on August 24, police said, just days before Hungary completes a border fence to keep out migrants. A total of 2,093 migrants, the highest ever daily total, crossed the border near the Hungarian town of Roszke, a police statement said. They were part of a wave of around 7,000 refugees whose journey to the European Union had been blocked last week when Macedonia declared a state of emergency and closed its borders after being overwhelmed by the huge influx of people, amid Europe's worst migration crisis since World War II.   AFP PHOTO / ANDREJ ISAKOVICANDREJ ISAKOVIC/AFP/Getty Images

Children play with hula hoops at a park where migrants have found temporary shelter in the Serbian capital Belgrade: photo by Andrej Isakovic/AFP,  25 August 2015

An investor looks at an electronic board showing stock information at a brokerage house in Beijing, China, August 25, 2015

An investor looks at an electronic board showing stock information at a brokerage house in Beijing, today. China stocks slumped about 4 percent on Tuesday, touching eight-month lows, as investors dumped shares after a grim “Black Monday” that battered global markets but failed to prompt fresh rescue measures from Beijing: photo by Kim Kyung-Hoon/Reuters, 25 August 2015

An investor looks at an electronic board showing stock information at a brokerage house in Beijing, China, August 25, 2015

An investor looks at an electronic board showing stock information at a brokerage house in Beijing, today. China stocks slumped about 4 percent on Tuesday, touching eight-month lows, as investors dumped shares after a grim “Black Monday” that battered global markets but failed to prompt fresh rescue measures from Beijing: photo by Kim Kyung-Hoon/Reuters, 25 August 2015

Heads in Hands (The Great Fall)


Global stocks, dollar rebound but China slumps again: image via Reuters Top News @Reuters, 25 August 2015


China stocks plummet again as 'mood of panic' dominates: image via NBC News @NBCNews, 25 August 2015


China stocks take another tumble after huge decline
: image via CBS News @CBSNews, 24 August 2015
 

China stocks continue to slide after Black Monday: image via The Independent @Independent, 25 August 2015


Three reasons why the Great Fall of China is not as bad as it seems: image via The Independent @Independent, 25 August 2015


Which U.S. stocks got hit hardest in Monday’s global selloff?
: image via Slate @Slate, 25 August 2015


 
Investors grasp for answers amid wild stock rout: image via Wall Street Journal @WSJ. 25 August 2015


China, Japan and Europe are flashing giant economic warning signs: image via NYT Opinion @nytopinion, 24 August 2015
 
The great fall of #China sinks world stocks: image via Reuters Top News @Reuters, 24 August 2015


China’s stock market sickness is becoming contagious: image via Reuters Opinion @ReutersOpinion, 24 August 2015
 

Here's what has happened today on Wall Street: image via Reuters Business @ReutersBiz, 24 August 2015


Great fall of China sinks world stocks, dollar tumbles
: image via Reuters Top News @Reuters, 24 August 2015

Martial Interlude: On the bloodied field of the trading floor


Battle of Anghiari (Tavola Doria): Leonardo da Vinci, 1503-05, oil on panel, 85 x 115 cm (formerly private collection, Munich, now lost)

the stunned footsoldiers on the bloodied floor
of the exchange
with heads in hands
while for the generals
in their tents arising to a new day
profit taking
a fraction of a second
is as nothing
in a thousand year war
the tausendjährigen Krieges
 



The Dream of Ossian: Jean-Auguste-Dominique Ingres, 1813, oil on canvas, 348 x 275 cm (Musée Ingres, Montauban)


The Great Wave Will Pause in Mid-Air a Moment Before Cresting


China cuts main interest rate after two days of stock market turmoil
: image via BBC Breaking News @BBCBreaking, 25 August 2015


The Great Wave Will Fall Back Upon Itself After Cresting

http://lcweb2.loc.gov/service/pnp/jpd/02000/02018v.jpg

The Great Wave off Kanagawa: Katsushika Hokusai 1760-1849), from Thirty-Six Views of Mount Fuji, between 1826 and 1833 (Library of Congress)

File:Hokusai- Kanagawa.jpg

The Great Wave: Katsushika Hokusai, 1831, print, 26x38 cm; image by Bigjap. 11 March 2013

Double Happiness (The Great Refraction)


Markets back up, but @bethpinsker explains why investor confidence will still lag: image via Reuters Money @ReutersMoney, 25 August 2015


Shanghai stocks continue to dive, but global markets rebound; oil prices are up, too:
image via NYT Business @nytimesbusiness, 25 August 2015


Morning Briefing: Here's what you need to know to start your day: image via The New York Times @nytimes, 25 August 2015


Wall Street rebounds sharply after #BlackMonday. LIVE coverage: image via Reuters Live @Reuters Live, 25 August 2015


Markets rally after #China rate cuts. LIVE coverage
: image via Reuters Live @Reuters Live, 25 August 2015


Global stocks, oil, dollar extend gains after #China cuts rates. LIVE coverage: image via Reuters Live @Reuters Live, 25 August 2015

Embedded image permalink

Global stocks,
dollar, oil extend gains after #China cuts rates. LIVE coverage: image via Reuters Live @Reuters Live, 25 August 2015
 
A Great Wave, Unbroken


#migrantcrisis #Serbia Migrants rest in a refugee center in Presevo, on August 25. #AFP Photo by Armend Nimani
: image via Aurelia BAILLY @AureliaBAILLY, 25 August 2015
 

#migrantcrisis #Serbia Migrants rest in a refugee center in Presevo, on August 25. #AFP Photo by Armend Nimani
: image via Aurelia BAILLY @AureliaBAILLY, 25 August 2015
 
Embedded image permalink

#migrantcrisis A migrant rests in a refugee center in Presevo, on August 25. #AFP Photo by Armend Nimani: image via Aurelia BAILLY @AureliaBAILLY, 25 August 2015


#migrantcrisis Near the border of Roszke, at the Hungarian-Serbian border on August 25. #AFP Photo by @afpattila: image via Aurelia BAILLY @AureliaBAILLY, 25 August 2015
 
 
#migrantcrisis Near the border of Roszke, at the Hungarian-Serbian border on August 25. #AFP Photo by @afpattila: image via Aurelia BAILLY @AureliaBAILLY, 25 August 2015


#migrantcrisis Near the border of Roszke, at the Hungarian-Serbian border on August 25. #AFP Photo by @afpattila: image via Aurelia BAILLY @AureliaBAILLY, 25 August 2015


#migrantcrisis Near the border of Roszke, at the Hungarian-Serbian border on August 25. #AFP Photo by @afpattila: image via Aurelia BAILLY @AureliaBAILLY, 25 August 2015


Migrants walk behind the metal fence near the border village Roszke, at the Hungarian-Serbian border. #AFP @afpattila: image via Aurelia BAILLY @AureliaBAILLY, 25 August 2015

4 comments:

Daniel Abdal-Hayy Moore said...

Harrowingly beautiful, I don't know, something even Da Vinci about human disasters. The one strong man gripping the hand of a younger sister or brother, or his child perhaps, really caught my eye. The person so held will remember this aid all life long, the strong hand that helped him or her to safety after such a ruinously long trek. All with only on their backs what they've saved from what they'll never be able to go back to. While stock market denizens on other parts of this wobbly globe look like the losers in Michelangelo's Hell... holding their buzzing heads, above water? Your (I was going to say "pastiches" but they're really stern confrontational collages) blog posts are priceless... and the poems they knock out of you...

Maureen said...

Such a striking juxtaposition of realities, and the "first world" hasn't a clue.

I read one analysis describing the stock market as "just computers playing with each other". . . all just so much virtual "worth"-lessness. Who could have imagined a 21st C marked by beheadings, destruction of ancient world culture, and diasporas that break my heart.

Wooden Boy said...

All that human feeling caught up in the turning numbers. These thousand years have to be up soon one way or another.

To set the circulation of money against that of people. Once again you get to the crux, Tom.

TC said...

Many thanks to good friends who like me remain unable to remove from heart/mind the thought of the beleaguered wandering peoples, once it's taken hold there -- an image of this time, for all time, beyond the turning numbers...

They Have Come This Far, How Much Farther Do They Have To Go?