/biz/ - Business & Finance

>>27193976

Janet Yellen next week: "Don't worry, Robinhood is contained"

>>21764551
Most people here are zoomers or millennials who did not live and work through the GFC or didn't pay attention to macroeconomics back then. They think because of how the movies portray it that it was one big event and that was it. GenXer here, let me enlighten you.

The last bubble was popped long before the markets wised up to the facts. By 2006-07 plenty of people were looking at the facts and talking about possible recession. And all the CNBC pundits, Fed, govt were denying everything. They got so cocky they didn't mind bringing doom conspiracy theorists on air for sensational ratings. https://youtu.be/Z0YTY5TWtmU

For some reason everyone thinks the global financial crisis happened all in one night, but it couldn't be further from the truth. By 2007, even before anything hit the fan, everyone and their grandma knew about the subprime mortgage debacle. The first major happening was early in April 2007 when New Century (REIT) went bankrupt. But the denial just kept continuing.

The Fed started cutting rates in Aug 2007. The Dow Jones peak was Oct 2007. Bear Stearns happened 6 months later in Mar 2008. And then the real explosion that everyone remembers the GFC for, Lehman, didn't happen for ANOTHER 6 months later, in Sep 2008.

Mnuchin/Kudlow/Powell would have you believe that this whole thing is "contained". That the economy will "restart" and "come roaring back!" Everyone is still in denial. We haven't even BEGUN to see the real crash. This is just getting started.

>just release the deferrals and moratoriums and there will be an end to the madness

>>19163875
Don't worry, corona is contained

>>18896351
>according to Zillow
Fucking LOL. Never trust realtors, and especially not the megacorps whose express interest is to keep the housing bubble going. They were saying similar shit in 2006/07, even after the subprime mortgage debacle. Countless articles/video evidence out there.

Last time the housing market was just the pin that pricked the overall debt bubble and caused a recession. However nobody learned any lessons because of bailouts and moral hazard, the bubbles are substantially bigger. This time only the pin is different, and housing is just one of the dominoes to fall rather than the initiator.

Wait until 2022 to invest in residential real estate

>>18698003
Almost everyone here is a zoomer or millennial who did not live and work through the GFC or didn't pay attention to macroeconomics back then. They think because of how the movies portray it that it was one big event and that was it. GenXer here, let me enlighten you.

By 2006-07 everyone was talking about possible recession. And all the CNBC pundits, Fed, govt were denying everything. They got so cocky they didn't mind bringing doom conspiracy theorists on air for sensational ratings. https://youtu.be/Z0YTY5TWtmU

For some reason everyone thinks the global financial crisis happened all in one night, but it couldn't be further from the truth. By 2007, even before anything hit the fan, everyone and their grandma knew about the subprime mortgage debacle. The first major happening was early in April 2007 when New Century (REIT) went bankrupt.

The Fed started cutting rates in Aug 2007. The Dow Jones peak was Oct 2007. Bear Stearns happened 6 months later in Mar 2008. And then the real explosion that everyone remembers the GFC for, Lehman, didn't happen for ANOTHER 6 months later, in Sep 2008.

Mnuchin/Kudlow/Powell would have you believe that "corona is contained!" That the economy will "restart" and "come roaring back!" We haven't even BEGUN to see the real crash. This is just getting started.

>>18189168
"corona is contained"

Ignore the repo market, everything's fine guys

>>16419932

>>16296380
Close. Earnings are already in a clear recession, manufacturing sector has been for a while. GDP is hovering around 1%, new official forecasts are as low as 0.3% for next quarter, it's coming. Pay no attention to the repo market or autoloan delinquencies behind the curtain

Nobody knows exactly when, time the market at your discretion

>>16226738
Anyone who says this is a dumbfuck zoomer who has no clue what the last recession was like.

By 2006-07 everyone was talking about possible recession. And all the CNBC pundits, Fed, govt were denying everything. They got so cocky they didn't mind bringing doom conspiracy theorists on air for sensational ratings. https://youtu.be/Z0YTY5TWtmU

For some reason everyone thinks the global financial crisis happened all in one night, but it couldn't be further from the truth. By 2007, even before anything hit the fan, everyone and their grandma knew about the subprime mortgage debacle. The first major happening was early in April 2007 when New Century (REIT) went bankrupt.

The Fed started cutting rates in Aug 2007. The Dow Jones peak was Oct 2007. Bear Stearns happened 6 months later in Mar 2008. And then the real explosion that everyone remembers the GFC for, Lehman, didn't happen for ANOTHER 6 months later, in Sep 2008.

The keynesian bulls were saying the same thing in 2007. Everyone is talking about possible recession, therefore it cannot happen!

CNBC commercials are fucking nothing but "refinance your student loans" scams now. Really reminds me of 2006 and mortgage commercials

>>16179123

>>16111247
fucking WRONG
WRONG WRONG WRONG

Boomer here. 2006/07 had plenty of sensationalized recession talk on the news, just like we have now. The subprime mortgage shit was all exposed BEFORE the recession hit. For years more and more people became more and more worried about the economy. Slowly but surely the average person cuts back on spending. But of course nobody really knew whether or WHEN a recession would actually occur. Just like now, the MSM was berating everyone who dared to suggest a recession. https://youtu.be/Z0YTY5TWtmU

The cockier these fucks get, the closer we are https://youtu.be/eBJUNPCeJAg

>>15886962
100% going down in flames, only question is how long it can be staved off. Even during 2008, WHILE shit was happening, execs and politicians were denying everything and lying as long as they could

>>15843840
I've heard this one before lmao
>mfw

>>12230877
just like last time eh?

>>12181620
notice the date