/biz/ - Business & Finance

[Anonymous No.15251015]

We're fucked.

[Anonymous No.15251027]

>>15251015

what does this mean for chainlink

[Anonymous No.15251028]

>>15251015
why?

[Anonymous No.15251078]

>>15251015
I think fucked is a bit of an understatement.

[Anonymous No.15251086]

>>15251027
Unironically like to know this as well

[Anonymous No.15251117]

>>15251015
>>15251078
continue with your tale of apocalyptic woe plox

[Anonymous No.15251135]

I'm not, but boomers are. Can't wait to watch all these pricks lose everything in their 401k

[Anonymous No.15251136]

Idk what this means so I don't care

[Anonymous No.15251152]

>>15251086
>>15251027
Recession could mean cryptos will become more bullish IMO.

[Anonymous No.15251164]

>>15251152
everything except treasuries tanks during a recession

[Anonymous No.15251180]

>>15251164
Well, we don't know how the crypto market will react in a recession, because we have never had a crypto market in a recession before. My money is on slightly bullish, nor bear market for cryptos.

[Anonymous No.15251185]

I just posted about this on /r/personalfinance and they said everything is fine, that I should be thankful even for a nice chance to buy the dip. Why are you guys so wound up about this?

[Anonymous No.15251210]

>>15251164
Yeah, I'm not sure what to expect. If credit gets tight, I doubt it would be a cakewalk for crypto.

[Anonymous No.15251216]

>>15251185
if you're thinking 10 years out and are comfortable with a 30% - 50% loss in your investments in the interim, he's right

[Anonymous No.15251220]

>>15251015
This is fine for anybody outside boomie investments.

[Anonymous No.15251268]

>>15251185
LOL.
Literally the same argument from 2008. Yet look at the effects it had.

[Anonymous No.15251269]

>>15251185
>94% employment
HAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAH

[Anonymous No.15251288]

>>15251269
>this is what liberals actually believe

[Anonymous No.15251298]

>>15251185
also, with greenspan basically saying "expect negative interest rates" [1] combined with the fed saying "we have no idea how markets will behave in practice with negative rates" [2], the fed's capacity to pull us out of the upcoming recession will be... interesting

[1] https://www.marketwatch.com/story/ex-fed-boss-greenspan-says-there-is-no-barrier-to-treasury-yields-falling-below-zero-2019-08-13
[2] https://libertystreeteconomics.newyorkfed.org/2012/08/if-interest-rates-go-negative-or-be-careful-what-you-wish-for.html

[Anonymous No.15251317]

>>15251298

[Anonymous No.15251333]

>>15251117
It means that a recession isn't just possible, but it's going to happen with 99.9% certainty. The main difference is, this time around the FED literally has no tools left to combat what's coming.
>inb4 they will just print more money
That will not work this time around because it's not just one sector that would require bailing out, it is multiple and much more widespread than in 07-08.
Add to that the currency/trade war we are in and the market instability across the globe, we are in an extremely rare perfect storm economic scenario.

[Anonymous No.15251353]

They can't allow the stock market to crash because it will crash the pensions. Public, private, all of them. Even now, after one of the longest bull markets in history, in both stocks and bonds, pensions are terribly under funded. They will continue to print money to prop up assets. As much as it's a total scam, I'd say buy the dip until the dollars are worthless.

[Anonymous No.15251366]

>>15251333
Brexit will be the cherry on top in this

[Anonymous No.15251375]

>>15251185
Is this the boomer stock equivalent of deluded crypto bag holders?

[Anonymous No.15251380]

>>15251185
Delusional. A recession is far more than just higher unemployment.

[Anonymous No.15251383]

>>15251375
kek

[Anonymous No.15251399]

>>15251185
>94% of all workers would still be employed
Hello, communism department?

[Anonymous No.15251423]

>>15251015
Fucked? If you day trade, sure. But this time next year, it will be fine. Recessions suck, but considering most of the poos and NEETs who post on /biz have no clue what one is, and think it's the end of the world, I don't really take anything posted here seriously.

The period right after Trump was elected was like back in the 00's, when even the Sopranos had the easy stock market story as part of the plot. Like back then, you could pick any stock, and odds are you'd make money. Then 2008 fucked everyone up.

This time? It won't be as bad as 2008. Most people won't even notice. Day traders are in for rough times, they might need to get jobs. But overall, the economy is strong enough to shrug a recession off fast, and get back to growth. But if you're a typical /biz poster and think that the stock market is the economy, the next 12-18 months are going to be very, very scary.

[Anonymous No.15251440]

>>15251268
2008 was a completely different scenario, dipshit.

[Anonymous No.15251450]

>>15251333
This right here. Its going to lead to some seriously feisty times frens. Get your goggles ready

[Anonymous No.15251461]

>>15251440
>this time it's different!
brainlet.

[Anonymous No.15251462]

>>15251440
Yeah it was, it seems like you're not seeing what the current scenario is, hint: It's worse than 2008

[Anonymous No.15251468]

>>15251423

[Anonymous No.15251481]

>>15251333
>it's not just one sector that would require bailing out
Name one sector that anyone, with any credibility, or even without credibility, that has any discussion of a fed bailout happening.

[Anonymous No.15251493]

>>15251481
Agriculture

[Anonymous No.15251506]

>>15251152
>Recession could mean cryptos will become more bullish IMO.
Exactly! When people lose their jobs the first thing they do is to invest in shitcoins
brainlet.jpg

[Anonymous No.15251509]

>>15251015
Inb4 it goes sideways and then straight up again

[Anonymous No.15251511]

>>15251481
Student loans
Pensions
State and municipal debt

[Anonymous No.15251513]

>>15251461
2008 was from the collapse of Bear Stearns which led to the collapse of mortage...oh, why bother explaining, you wouldn't understand, and worse, you intentionally don't want to understand. Because then you wouldn't be able to shitpost "kike" and "jew" all day, right?

[Anonymous No.15251530]

>>15251481
>Name one sector

[Anonymous No.15251537]

>>15251513
Ok you are the smart economist. I'm all ears, type away and let the world know why you are right.

[Anonymous No.15251545]

>>15251511
LOL. Yeah, that's what I thought. Come back when you have more to go on than bullshit Democrat presidential debate talking points.

[Anonymous No.15251554]

>>15251506
You will see wagie, I'm gonna make it real soon and you're gonna look real dumb.

[Anonymous No.15251558]

>>15251530
Yeah, didn't think you could name any, and all you can do is throw insults around. It's /biz, I don't expect more than that.

[Anonymous No.15251560]

>>15251180

Bitcoin was around in 2011-2012 when Europe was widely expecting a recession.

I have a feeling that Bitcoin is going to act like Gold. It pumps on inflationary expectations and dumps on deflation.

In the last month or so it certainly has been moving in tandem.

[Anonymous No.15251574]

>>15251481
Look at the glow on this guy. Keep posting for your overlords and trying to convince everyone that everything is going to be fine lol.

[Anonymous No.15251577]

>>15251481
Are you not paying attention at all?
https://translate.google.com/translate?hl=en&sl=de&u=https://www.spiegel.de/&prev=search

[Anonymous No.15251587]

>>15251481
Agriculture
count your cans, you are up for a ride, big one.
You have no idea...

[Anonymous No.15251606]

what do bros?

>i got 5k in my bank(weak i know)
>all in on BTC with it and make returns?
>already got a 10k linky stack
>keep it bank cuz imma need it?

what would a non-brainlet do

[Anonymous No.15251612]

>>15251513
What about the real estate bubbles in every single EU country along with Canada and the US? What about Brexit? What about China simply not buying any agricultural products from the US? What about the tariff mania rearranging the worlds economy? What about the absolute shit show bubble of tech companies that can't generante profits? What about the people ever dropping out of the labor force while unemployment decreases? All of this happening at once, and all of this while the markets and all analysts expect recession, not to mention the absolute flood of printed money in both EU and USA. But, this is different somehow.

[Anonymous No.15251613]

>>15251545
>>15251558
Good job, you completely ignored Agriculture. On top of that, how can you ignore the fact that, Student loans, Pensions, & State and municipal debt as credible if they are the basis of a political platform? Who is "credible" to you faggot?

[Anonymous No.15251633]

>>15251180
>Well, we don't know how the crypto market will react in a recession

>Crypto rallied in a bullish stock market
>Crypto will rally in a bearish stock market

you're so stupid

[Anonymous No.15251661]

>>15251612
Dont forget the bloated "higher education" facilities shitting out underqualified debt holders who expect 6 figure jobs and are getting rekt barely able to afford student loan payments not including cost of living?

[Anonymous No.15251676]

>>15251633
>>15251560
how about alts? Bitcoin will survive this, but what alts do you guys think could come out on top?

[Anonymous No.15251679]

>>15251015
>transfer the swaps

[Anonymous No.15251684]

>>15251676
Thats like asking for the lotto numbers anon.

[Anonymous No.15251692]

>>15251537
this.

[Anonymous No.15251697]

No matter how much link do you hold, or how white are you, for the love of god buy the dip once the recession hits. NOTHING is as certain as the fact that jews WILL get everything in place again and convince everyone that they can leave dollar to them.

[Anonymous No.15251701]

>>15251015
Why does this financial reporter have a half naked dude as his profile image?

[Anonymous No.15251707]

>>15251661
and dont forget low and mid tier universities increasingly going BK

[Anonymous No.15251723]

>>15251684
You got a valid point there.

>>15251697
What are you going to be buying in the dip anon

[Anonymous No.15251725]

>>15251701
It’s Brad Pitt’s chest from fight club, he’s really into him

[Anonymous No.15251773]

>>15251015
> We're fucked!
> Implting you can't make money on the downsides

[Anonymous No.15251792]

>>15251773
Shit I make more a day flinging shitcoins back at pajeets

[Anonymous No.15251793]

>>15251185
I'm not sure if 49% of Americans even work or employed. Is there a state for this?

[Anonymous No.15251808]

>>15251793
It's called the labor force participation rate.
Go to college.

[Anonymous No.15251885]

>Boomerhedge
Opinion discarded.

[Anonymous No.15252036]

>>15251333
Stop, my dick is getting hard

[Anonymous No.15252048]

>>15251298
>expect negative interest rates
>we have no idea how markets will behave in practice with negative rates
So they basically have no idea what the fuck they are doing and are experimenting with policy because why not. Nice. There is a reason bitcoin was made during the 2008 recession. Comfy bois.

[Anonymous No.15252069]

>>15252048
We are in uncharted waters.

[Anonymous No.15252114]

>>15252069
Im going to map my way through these waters to a island full of big booty amazon women. TIME TO COLONIZE BOYZ!

[Anonymous No.15252140]

>>15251027
it's still a scam

[Anonymous No.15252178]

>>15251676

Wrong person to ask bucko. I'm a nocoiner.

From what I see about crypto though it's all a confidence game in the system that each coin puts in place and the widespread holding of a particular coin.

It's the same as any stock really.

If you want to replicate the megagainz of alts, you can always utilize leverage on the bigger coins that you know are unlikely to go bust.

This is similar to my strategy with stocks. I don't trade individual stocks, I use leverage on indexes to multiply what would otherwise be meager gains (or losses).

*sip*

[Anonymous No.15252204]

>>15251353
you think 789 year old boomers can do anything to govt if they wipe their pensions? pff naive

[Anonymous No.15252232]

>>15252204
they can not vote for them

[Anonymous No.15252250]

>>15251513
the shadow banking system is just as fucked today, look at the credit markets you idiot
corporate junk bonds will be one of the biggest triggers this time around. even your average s&p corp has shit tier credit nowadays.

[Anonymous No.15252254]

>>15251676
Bitcoin wont survive this, just look at it collapsing right now. A purely speculative asset is not a hedge against a failing boomer market.

[Anonymous No.15252267]

>>15252254
delusional. simple math and s&d economics prove bitcoin will definitely survive, and probably even moon, ESPECIALLY if we see hyperinflation worldwide.

[Anonymous No.15252276]

>>15252267
we're experiencing deflation you knucklehead

[Anonymous No.15252301]

>>15252276
read my post you absolute brainlet. i said worldwide.
recession is unlikely to hit america for now.

[Anonymous No.15252308]

>>15251333
How much more time do we have before shit hits the fan?

[Anonymous No.15252312]

>>15252267
Its not simple math, it simply doesnt exist. A bunch of magic internet numbers does not make a currency. Even tulips have more value because they are real. Bitcoin is dead and you are seeing the ponzi collapse as we speak.

If you want to survive doing the next great depression then you need gold.

[Anonymous No.15252326]

>>15252232
why you need votes of people who will be out of service in two years? are they capable of doing anything?

[Anonymous No.15252329]

>>15252301
the usa is experiencing deflation
the euro is experiencing deflation
the kroner is experiencing deflation
inflation is a product of a currency not a geography

[Anonymous No.15252336]

i voted for drumpf,is this my fault???

[Anonymous No.15252341]

>>15252312
kek delusional cope
even peter schiff himself owns BTC, he just FUDs it so he can continue to fill his bags, while brainlets like you miss out.

>>15252329
zoom out

[Anonymous No.15252355]

>>15252341
>i also like owning a "currency" where 2% of individuals control 80% of the wealth and where no one is actually using it

[Anonymous No.15252362]

>>15252355
>and where sending a dollar (err, satoshi) to someone reveals your net worth, and where all transactions are immutable and public and where the IRS and Police and SJWs have a public audit trail of everything I do

[Anonymous No.15252373]

>>15252355
>i like pulling shit out of my ass without any source

[Anonymous No.15252374]

>>15252048
>>15252069
You guys are paranoid. Who wouldn't be happy to lend $1000 and get back $950 ten years later?

[Anonymous No.15252375]

>>15251461
wow this is more interesting than any movie i've watched before

[Anonymous No.15252377]

>>15252373
https://www.newsbtc.com/2019/08/14/2-of-bitcoin-addresses-control-80-of-wealth-research/
kys

[Anonymous No.15252386]

>>15252374
>Who wouldn't be happy to lend $1000 and get back $950 ten years later?
is the situation really this dire?

[Anonymous No.15252398]

>>15252386
if you live in Europe, yes. coming soon to the USA.

[Anonymous No.15252404]

>>15252386
That's the state of german government bonds.

completely normal

won't be as bad as 2008

honk honk

[Anonymous No.15252424]

>>15252377
literally not a valid study kek, so many flaws in that

[Anonymous No.15252433]

>>15251697
Exactly my plans... buy everything as cheap as possible and when it rebounds eventually i'll make decent money. but you know what they say about the best laid plans so here's hoping a positive outcome

[Anonymous No.15252435]

>>15252341
I feel bad for people like you because you genuinely think you are going to get rich off the most obvious scam that has ever existed.

[Anonymous No.15252464]

>>15251773
How does shorting even work?

[Anonymous No.15252467]

>>15252464
borrow, sell, buy back, give back

[Anonymous No.15252472]

>>15252435
Bitcoin is going to $1,000,000 and most of us will in fact get ‘rich’. You must have missed the memo?

[Anonymous No.15252492]

>>15252472
Holy shit, your fantasies just keep getting bigger. How do you think this is even rational?

[Anonymous No.15252517]

>>15252377
>Government owns 100% of fiat currencies
>>15252386
Buy bitcoin and gold. pic related

[Anonymous No.15252522]

>>15252492
Bitcoin follows a fractal trend that only goes up, up, up. Literally backed by the laws of nature itself. You could either buy at least one btc or cry later.

[Anonymous No.15252536]

>>15251015
800 points down. In one day. lmao

[Anonymous No.15252538]

When is this bubble going to pop bros? Got a kid on the way

[Anonymous No.15252544]

>>15252492
No, it's just cope

[Anonymous No.15252637]

>>15251612
Forgot the Italian threat to on a Friday night announce they pull out of the euro and since the banks are closed there would be no bank run

[Anonymous No.15252698]

>>15252522
>it only goes up
>not delusional
Just accept that you are either to stupid to see a scam for what it is or you are mentally ill.

[Anonymous No.15252762]

>>15251773
Wow I remember this shit being like $10 when I was holding it

[Anonymous No.15252894]

>>15251560
Bitcoin was still a meme in 2012, we don't really know what a recession will do. I mean, crypto is ultimately supposed to be an alternative to fiat mememoney, so one would think when the economy goes to shit people would invest in crypto.

[Anonymous No.15253023]

>>15252894
That only works when people can reasonably spend cryptos to buy shit, which atm is only somewhat possible because cryptos can be exchanged for fiat.

[Anonymous No.15253042]

>>15253023
You can more easily spend a Bitcoin that gold. This logic does not make any sense

[Anonymous No.15253053]

>>15251676
Infrastructural alts that build on Bitcoin's use-cases and general crypto-to-crypto interoperability. If you think BTC will take off, this may be one of the safer (though still very risky) types of alts.
Otherwise, Bitcoin and Litecoin. ETH will make it out but it might have a harder time than BTC and LTC.

[Anonymous No.15253061]

>>15251333
>99.9% certainty of recession
All I want to know is how to position myself financially to preserve what little I have.

[Anonymous No.15253065]

>>15251513

Nominally, you are correct. But why exactly did Bear Stearns collapse in the first place?

The sub-prime market was just the first thing to blow up. If it wasn't going to be sub-prime, it would have been something else that was highly levered that took down the economy.

It's to do with the liquidity in the system.

[Anonymous No.15253088]

>>15251015
>we

[Anonymous No.15253103]

>>15253061
https://www.investopedia.com/terms/p/permanent-portfolio.asp

[Anonymous No.15253107]

>>15251015
recessions are created by the FED and trump delayed the one they wanted to start a few years ago, i think that trump will pull an ironic 5D chess move to lock in the rust belt by sort of doing a false flag recession scare and then stopping it at the last second, he has the power to influence the fed and he has been doing that for the last few years but recently he has gone quiet so im sure this is what he is doing hes not fucking retarded after all even though he is a major boomer

[Anonymous No.15253127]

>>15253061

There are ETFs now that allow you to short or go long any number of assets and indexes.

If you're worried about a stock market crash, you can buy an inverse stock index. This means every time the stock market goes down 1%, you make 1%.

[Anonymous No.15253130]

>>15253061
a high interest savings account. no fluctuations in price, consistent yield and FDIC insured. a little less liquid than money mart ETF, but more consistent.

[Anonymous No.15253155]

>>15253107

He can only stop it if China plays ball by concluding a trade deal.


You really need to work on your punctuation.

[Anonymous No.15253159]

>>15251423
>This time? It won't be as bad as 2008. Most people won't even notice. Day traders are in for rough times, they might need to get jobs. But overall, the economy is strong enough to shrug a recession off fast, and get back to growth. But if you're a typical /biz poster and think that the stock market is the economy, the next 12-18 months are going to be very, very scary.

Home Depot and Lowes seem to be keeping busy on the weekends and Amerifats are still going out to eat their slop at restaurants, so far so good.

[Anonymous No.15253162]

>>15253107
>being such an open anus for the government that you think they'll prevent a recession
How do i short this anon's life savings?

[Anonymous No.15253170]

>>15253130
>savings account
all i can get here in yorup is a 1% a year, but what if they pull a Malta on me? Who's to say the FDIC won't pull a Malta either.

[Anonymous No.15253197]

>>15251015
DOOM DOOM DOOM IT WAS HER TURN BUT YOU FUCKERS VOTED FOR ORANGE MAN DOOM DOOM

Holy shit the news outlets are fucking retarded. Literally trying to bring on economic collapse to divert from Epstein.

[Anonymous No.15253199]

>>15251554
>dude, you should buy some real gold bullion
>"What! I'd rather buy imaginary gold instead! It's bound to go up!"

[Anonymous No.15253202]

>>15251015
Everything a yield curve inversion has signalled a coming recession a bull run to new highs has preceeded the signalled recession.

You're being premature running to the doors now. Plenty of time and money to made still.

[Anonymous No.15253206]

>>15253170
if you believe that your government is stable and not susceptible to armed rebellion. the government will cover losses if they have a FDIC like institution. a FDIC insured asset is the safest you can get.

[Anonymous No.15253217]

>>15253162
im not saying they can prevent a recession im saying that the FED artificially creates them

[Anonymous No.15253226]

>>15251725
I bet he wants to GET into him.
NowhatImsaying?

[Anonymous No.15253238]

>>15253202
Got calls on the dip today.

[Anonymous No.15253243]

>>15253159

Those are lagging indicators, if they are even indicators at all. Junk food intake usually goes up during recessions anyway, people think it's cheap because they are stupid.

>>15253170

The point of being in cash is to have ammunition on standby when markets bottom, so you can buy stocks cheap. It's not the yield. Fixed income is dead in 2019.

You can buy a US dollar ETF to park your money in if you want to.

[Anonymous No.15253261]

2008 recession lots of people lost jobs and businesses closed but shills like Peter Schiff were making it out to be worse than the Great Depression and we lived through it, remember though it was the price of oil going through the roof that kicked off the 08' crash, people literally weren't able to afford to drive their Hummer H2s to work and morning rush hour commuting to work was very /comfy/ during that time.

[Anonymous No.15253305]

>>15253261

What are you, 40?

[Anonymous No.15253311]

>>15253243
>Those are lagging indicators, if they are even indicators at all. Junk food intake usually goes up during recessions anyway, people think it's cheap because they are stupid.

Were you even old enough to remember the 08 crash, Zoomer? Literally empty parking lots in front of every restaurant. The health of the American economy has always been dependent on Amerisharts being able to blow their money dining out on shit food and buying junk made in China.

[Anonymous No.15253321]

>>15251152
Recession means poorfags who post here will have less money to gamble on shitcoins.

[Anonymous No.15253327]

>>15253321
lol

[Anonymous No.15253330]

>>15253305
yuppers

[Anonymous No.15253350]

>>15253206
You're assuming the failure of any single banking institution won't trigger a collapse of the entire system, there is a housing market bubble in all of Europe and in my country it may very well be a sub prime bubble, all accounts are safe guarded up to 100k I believe. My problem is I need a place to live but can't get a mortgage because of my employment situation. I will have 15k in cash at the end of the year, but judging by how things are going I won't have a job after December 15 and will be collecting unemployment.

t. wagecuck at a car factory

on the plus side, I can take my unemployment and look for better work elsewhere, if it will exist at that point.

[Anonymous No.15253357]

>>15253261
>>15253197

I was just barely old enough to understand what economic pundits were talking about leading up to the 2008 recession. Since they correctly predicted it, I thought they really knew what they were talking about, just like how the weatherman correctly predicts cold fronts and 90% chance of rain. I had no idea they just do this shit constantly because it keeps retards glued to the TV set so their sponsors can shill insurance and beer to the terrified viewers.

Looking back, both of my parents kept their jobs, we kept our house, and if nobody told me a recession was happening, I wouldn't have noticed anything unusual was happening.

Thank you for these posts, based optimists.

[Anonymous No.15253373]

>>15253311
man.. I remember being out during the ice storm in kentucky, at a gas station and it was $1.76 a gallon, the month before was like $4.50

[Anonymous No.15253406]

>>15253107
He’s definitely not as fucking retarded as people like to give him credit for, but here the democrats have been salivating over a potential economic downturn/recession/crash since 2016 as a means to oust him. China may be avoiding playing ball because they unironically think they can outlast until the next election. I don’t think anyone has a chance of pushing him out in 2020 either way, and I hope you’re right. If worse comes to worst, I think US is set up to be hit less hard compared to China/Europe/Everyone else due to being an energy/food exporter.

[Anonymous No.15253413]

>>15253357
when you live in fly over and your economy isn't dependent on fuck all because there barely exists an economy, it is pretty easy to ride by. If you lived in the coasts, florida or las vegas you would realize how bad shit really was..

[Anonymous No.15253450]

>>15253357

You obviously weren't watching very closely. Kudlow (Trump's economics man) was saying that there would be no recession as late as December 2007, probably later.

Markets work on confidence and nobody in the government is going to tell you that a recession is imminent because that would become a self fulfilling prophesy.

They RETROACTIVELY declare recessions.

[Anonymous No.15253452]

>>15253357
>Since they correctly predicted it,

even a brainlet could see that crash coming but shills like Peter Schiff and Gerald Celente were ranting and raving on Coast 2 Coast AM about how it was going to be worse than the great depression, go back and listen to their bullshit from the archives, it's pretty funny

'Worst economic collapse ever'


RT
Published on Feb 10, 2009

https://youtu.be/9nJ7LM3iyNg

[Anonymous No.15253459]

>>15252386
it's the same reason people are still buying houses in Vancouver. They figure they can sell it later to an even greater fool.

[Anonymous No.15253468]

>>15253413

Okay, I lived in Florida before, during and after. So I guess it really was a nothingburger since I saw how """bad""" shit really was.

[Anonymous No.15253475]

>>15252538
>implying salt water doesn't immediately destroy electronics.

[Anonymous No.15253479]

>>15253450
yep, officially a recession is calculated after the fact. all of us could have already have hit the peak now and are in the midst of one, we can only definitively declare contractions after the fact.

[Anonymous No.15253481]

>>15253413
>If you lived in the coasts, florida or las vegas you would realize how bad shit really was..

Vegas got assfucked the hardest, remember visiting during the peak of the housing boom in 05', crazy seeing all of that construction.

[Anonymous No.15253514]

Bitcoin is a store of value not backed by any central authority, but electricity being expelled by miners. It's a network without interest rates. The only ponzi or pyramid scheme ties it has are from big farms who control the largest hashrate input. The margin trading exchanges and future contracts are the bad spots. Betting or leveraging on Bitcoin you do not hodl is retarded. The speculative nature of Bitcoin makes me shake my head, but it has stood the test of time the last 10 years.

You're ignorant as fuck if you think Bitcoin is a ponzi scheme. That would be Bitconnect.

[Anonymous No.15253531]

>>15253452
I've always heard it was worse in terms of numbers rather than social impact, is there any truth to that?

[Anonymous No.15253541]

>>15252538

>If the Titanic sank today

There would be a ship already there to rescue everyone thanks to modern GPS technology, EPIRB, and the fact that it took like, 5 hours for the Titanic to sink.

[Anonymous No.15253543]

>>15253468
You must have had your eyes closed. There was a 14 year old literally buying houses to rent out in Florida, there were people leaving Florida for other states for work, like $10 an hour work. This wasn't that long ago.. how old are you??

[Anonymous No.15253581]

>>15251185
This is the Neal Degrasse Tyson of the recession. "The stock market always goes down and then up after many years overall, you might lose your job but how many people have had jobs in the past? You're still doing better"

[Anonymous No.15253582]

\>>15253531
>I've always heard it was worse in terms of numbers rather than social impact, is there any truth to that?

All depended on what part of the country you lived in, the Midwest, rural areas had unemployment that was probably around 20% and around half of that in some cities.

[Anonymous No.15253604]

>>15253543

I w-was 18 at the time. It was my first year of college, I found a job as a lifeguard, and the economics professor was cracking jokes that recessions are awesome because they make him interesting at parties.

[Anonymous No.15253670]

>>15253541
titanic was deliberately sank by jp morgan so there would never be a rescue in any universe

[Anonymous No.15253676]

>>15251164
idk about us treasuries but Europeans are absolutely fucked, you will lose money buying them, you could almost call it some sort of bubble, because threir prices kept rising since dec 2018

[Anonymous No.15253677]

>>15253604
so you thought entire neighborhoods being empty was normal? maybe you weren't in those parts of florida? I was lucky to be living in a part of the country that had its entire economy based on a fucking rock they dig out of the ground so it was like recession there never happened. we didn't get hit by a recession till price of said rock dropped in 2015... like a rock.

[Anonymous No.15253716]

>>15253677
>maybe you weren't in those parts of florida?

Wasn't that near Cape Coral/Tampa area?

[Anonymous No.15253758]

>>15253716
honestly I don't know the exact parts, all i kept hearing on all the news sources was how they didnt even use lube on florida, because so much of the economy was based on housing and everything around it, selling it, mortgages, construction, repairs, refurbishments and so on. All that basically stopped over night. Even fucking CSI had episodes on having entire neighborhoods empty, it wasn't a secret, but then again, I have never been in florida.

[Anonymous No.15253776]

>>15251333
TRIPS OF TRUTH
DOOMSDAY SOON

[Anonymous No.15253781]

>>15253677

Gainesville? I guess my town didn't get hit that hard. Everyone I knew in my parents' neighborhood was still there in 2008, except some old people who died. Maybe because it's an inland college town and their economy doesn't depend on people going on vacation.

[Anonymous No.15253823]

>>15253357

No prob. Already trading stocks you see this shit constantly. Every fucking ticker has a news article saying the company is moon bound or about to collapse. Happenings are actual news, conjecture/theory/hypothesis is generally just fortune telling faggotry trying to get clicks.

[Anonymous No.15253847]

>>15251333
This is the scenario where you will only need one Bitcoin because it will equal 1ml. The global consensus is that this event is rapidly approaching. Hold on friends.

[Anonymous No.15254014]

>>15253781
>Gainesville? I guess my town didn't get hit that hard. Everyone I knew in my parents' neighborhood was still there in 2008, except some old people who died. Maybe because it's an inland college town and their economy doesn't depend on people going on vacation.

Rural Florida got hit hard but then again places like Plant City have always been in the economic shitter.

[Anonymous No.15254028]

>>15253053
This guy is talking about Ren by the way

[Anonymous No.15254043]

>>15252492

[Anonymous No.15254107]

>>15253357
that's actually a very interesting collection of quotes, people are always predicting doom no matter the year. Thanks for the contrarian post.

[Anonymous No.15254153]

>>15252308
~5 months, after that it's a roller coaster

[Anonymous No.15254227]

>>15254014
>places like Plant City have always been in the economic shitter.

Hey man, at least they have open pit phosphate mines. They can always export aquifer pollution!

[Anonymous No.15254328]

>>15253452
>RT
lol of course he is doom and gloom about the US economy.

[Anonymous No.15255348]

>>15253107
Just like he caused the new increase in illegal crossings?

[Anonymous No.15255470]

>>15252538
cursed boomer meme

[Anonymous No.15255946]

>>15253321
This is the truth right here. Neets will be forced to dump their shitcoins when they need to help mommy pay for internet so they can keep shitposting after she loses hours selling lipstick at Kohls. Get ready for a long winter. BTC only corrected to 10k, were still in a downward trend faggots. Bobo is back.