/biz/ - Business & Finance

Seeing that you fags are pretty much wrong about everything, everyday, who the fuck knows?

been calling dow to 3 onces for 3 years

No, this is the Greater Depression

>>17922470
The stimulus packages being prepared by major world economies will fix all of this. Within the week, it'll just be another bump in the road.

Stop panicking and calm the fuck down retards. This isn't a 2nd great depression.

lets do a quick rundown

>corona still completely uncontrolled, no closer to any hope of getting the situation normalized, no idea of the seasonal nature, no idea of long term effects, death rate is higher than previously thought
>world economy in free fall
>automotive giants stopping production, laying off workers
>airline industry in shambles, on the verge of collapse
>boeing on the verge of bankruptcy, begging for a bailout
>corona only now beginning to grip the west, getting worse by the day
>entertainment industry, and the millions it employs, are jobless
>no sign of slowdown or any certainty in the future

you tell me.

>>17922470
IT'S
GONNA
BE
W O R S E

>>17922565
You forgot the most important things

>Everyone is saturated with debt to a point it would have led to a massive crash anyways in a matter of couple of years.
>2008 recession never ended, it was printed to a halt.
>Money printing can't stop this drop because too much money is now needed.
>Corporations have no real value and aren't profitable, it's all propped up by debt and stock buybacks.
>Oil getting raped to a point it might wipe out all US oil producers except the biggest names that are going to get a bailout.
>Pension system about to get fucked.

>>17922470
>Are we facing the Great Depression 2?

>>17922563
Glow patrol.. doing damage control for a dying system. Get ready to be homeless officer.

>>17922470
No, because the entertainment industry survived the Great Depression. This time there will be no survivors.