Is the economy really crashing

[Anonymous No.17730463]

I was browsing pol and apparently the economy all over is tanking. Is this true? I come to you financial autist for wisdom and advice.

[Anonymous No.17730502]

>>17730463
Yes. Treasury markets are drying up, you know, the ones all the big pension funds need to not crash so that all the boomers can retire in a couple years.

[Anonymous No.17730512]

>>17730463
b-b-buy l-link pls... pls sir..

[Anonymous No.17730547]

Central banks were a mistake

[Anonymous No.17730549]

>>17730463
the whole central bank fiat bet was that as long as you keep rates low, the economy would grow forever.

turns out it never accounted for people dying

[Anonymous No.17730563]

>>17730463
SHUT UP AND BUY LINK RIGHT FUCKING NOW

[Anonymous No.17730597]

>>17730563
No

[Anonymous No.17730607]

We tried to warn you about the global financial crisis, dawg. We tried to warn you.

[Anonymous No.17730689]

Its just a flu bro

[Anonymous No.17730776]

>>17730463
If s&p goes under 2500, can confirm, economy is crashing.

[Anonymous No.17730789]

>>17730463
Yes. Sit on cash until it bottoms and buy cheap.

[Anonymous No.17730792]

>>17730502
I thought all the boomers were retired

[Anonymous No.17730956]

>>17730789
>sit on cash
Worst idea ever.

[Anonymous No.17731006]

>pol
Holy fuck, newfag

[Anonymous No.17731055]

honestly a lot of this feels fake and gay. the fundamentals of the boomer market haven't really changed much. only thing that concerns me is that oil trade war, and it's way too early to tell what impact that should really be having. no one can actually articulate what's happening, just a bunch of goldbugs and permabears screaming "I TOLD YOU SO".

oops I mean AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

[Anonymous No.17731104]

>>17730792
The older ones have retired, but no, the rate is still increasing year over year, and will peak in a couple years from now.

[Anonymous No.17731132]

>>17731055
this is how I feel too, aside from some of the obvious stuff I definitely think there is too much panic driving things.

[Anonymous No.17731137]

>>17730607
>we tried
shut up /leftypol/ fag

[Anonymous No.17731205]

>>17730607
You thought you could get rich easy through investing, live a comfortable life. Where did that bring you? Back to me.

[Anonymous No.17731213]

>>17730792
Inflation will catch up with the ones who've already cashed out

[Anonymous No.17731249]

>>17731213
Pension funds will need to be bailed out, or there's going to be a lot of broke boomers and government employees who have nothing who were trusting the pension funds.
The pension funds are about 50% underfunded, you're gonna see some real shit go down today.

[Anonymous No.17731278]

>>17731137
NOOOO, NOOO IT CAN'T BE TRUE. SPECULATIVE INVESTMENT CAN PERSIST FOREVER!

[Anonymous No.17731317]

>>17731055
>40%-70% infected in next 18 months predicted by WHO and CDC
>1-5% fatality rate
>1.3 -11.2 million dead in US alone based on those figures

Nothing burger. Buy Link cheap!

[Anonymous No.17731396]

>>17730463
Yes, it´s crashing. DOW is gonna dip to atleast 15k and then correct to 18-20k.

[Anonymous No.17731407]

>dollar reached 5 BRL

[Anonymous No.17731548]

>>17731317
almost everyone who will die from corona-chan is old. old people dying means high salary jobs and estates are transferred to younger generations. this drives up spending, and the US is a consumer economy.

this might be good for crypto, since it's a millennial/zoomer thing. I don't know. but boomer markets have not fundamentally changed. things are clearly going to be rocky short term, but even your doom scenario is bullish long term. all the predictions of governmental collapse, hyperinflation, and people reverting to cannibalism to survive make no sense.

[Anonymous No.17731592]

Nah, is just a conspiracy developed by Chinese psy-ops groups to undermine American dominance in the market.

[Anonymous No.17731602]

>>17730607
You always say it, even when things are pumping, so your shills has no value.

[Anonymous No.17731638]

>>17730463
Yes, and the ECB just announced that they are doing pretty much fuck all because they don't see any significant "strains or liquidity shortages" lmao. It's all going to fucking crash so hard and the central banks are out of ammo to do a damn thing about it!

[Anonymous No.17731649]

>>17731407
>bitcoin drops a lot
>my Brazil bucks go down with it

[Anonymous No.17731716]

>>17731548
Even if you don't die there is like a 10%-20% chance you need to go to the hospital, anon. That's true even for the millenials and the zoomers. All the official death figures are predicated on emergency services not being overwhelmed and people getting the treatment they need. What do you think is going to happen to those numbers when this stops being true?
Furthermore, the health insurance companies are refusing to pay for treatment. 70% of all americans live paycheck to paycheck. What do you think will happen to the american economy when like 10% of the population goes bankrupt within the next 4 months?

[Anonymous No.17731737]

>>17731548
Yes, eventually it'll be ok but you have to account for how long probate takes. The legal system is far less prepared than the healthcare system for 800,000-11 million excess deaths. Those assets will all be inactive for awhile.

Also, 5+% of Lombardi's healthcare workers are already infected. We have a lot of Boomer doctors here. Health could be fucked even after a vaccine is out after things stabilize.

You're also forgetting that Boomers spent everything on new cars and remodeling their houses every 5 years because they always had good times. Millennials are savers due to the Great Recession and will probably be even worse after this.

If the payroll tax cut goes through we'll be running $2 trillion deficits and have a debt crisis or major cuts/tax hikes cooking

[Anonymous No.17731740]

>>17731278
I'd be interested in becoming a communist if it was the Vietnamese variety - that is, mixed with nationalism to drive foreign invaders out of your lands. Find me a patriotic communist who wants to deport africans and arabs and I'll vote for him

[Anonymous No.17731766]

>>17730463
Yeah. Anyone who didn't see this coming deserves to lose their money.

[Anonymous No.17731805]

Look to the sky way up on high
There in the nigh stars now are right
Eons have passed now then at last
Whence They were penned They will descend

They will retun mankind will learn
New kinds of fear once They are here
As They reclaim all in Their name
Watch only can powerless man

Ignorant fools mankind now rules
Where They ruled then it's Theirs again
Madness will reign terror and pain
Woes without end where They extend

Scary scary scary scary Solstice
Very very very scary Solstice

Up from the sea from underground
Down from the sky They're all around
They will retun mankind will learn
New kinds of fear when They are hear

They will return

[Anonymous No.17731843]

>>17730607
I guess zoomzooms don't remember 2008

[Anonymous No.17731898]

>>17731716
you're speculating like it's still december 2019. we're getting lots of information from people from the US and Italy who got corona-chan and survived. young people describe a wide array of experiences from a mild cold to a horrific flu. most people who experience even bad symptoms will not need hospitalization.

you are legitimately retarded if you think 10% of the US is going to go bankrupt over this.

>>17731737
the lack of scale in the legal system is a great point. but you're wrong about millennials. they're spenders, and their spending has kept the US economy afloat for the past decade.

I have no idea what will happen with a payroll tax cut. my inclination is that it's probably not good, but we've already gone full mmt so who knows.

[Anonymous No.17731912]

>>17731843
>Thinking this is just 2008: 2

[Anonymous No.17731963]

>>17731740
Not him, but the Vietnamese were against colonial presence, not against foreigners. The variety you speak of exists, and is the kind that opposes the various forms of colonialism and neo-colonialism that deprive countries of their local resources and right to choose.

[Anonymous No.17731992]

Marx was right. Capitalism is a cruel joke being played on the proletariat.

[Anonymous No.17731998]

>>17731963
>Not him
Fuck me, that's what I get for browsing several boards at the same time.

[Anonymous No.17732004]

>>17731740
Read about the German Democratic Republic https://archive.org/details/StasiStateOrSocialistParadise/page/n1/mode/2up
Btw anon, we communists don’t get voted into power

[Anonymous No.17732091]

>>17731740
Gentlemen, I don't know if you are aware, but; We are facing a global financial crisis. The bourgeois knows no bounds and spreads across the entirety of the globe, and, as such, the resulting crisis of capital, as we can see, will be one of a globe spanning nature.

[Anonymous No.17732122]

>>17731740
Be the nazbol you want to be anon. Once you stop the porky forever wars there will be no need to import Arabs.

[Anonymous No.17732186]

>>17731898
>you're speculating like it's still december 2019. we're getting lots of information from people from the US and Italy who got corona-chan and survived. young people describe a wide array of experiences from a mild cold to a horrific flu
https://www.uptodate.com/contents/coronavirus-disease-2019-covid-19#H4141359801
15% of all confirmed cases exhibit "severe" symptoms, which is defined as needing a trip to the ICU.
Note: this is confirmed cases, not just "people who voluntarily checked themselves into the hospital"
Also since these numbers are coming from Wuhan, if they're wrong it's because they're overly conservative as the CCP covers up the true death toll of the virus.

Accept reality, anon. Corona-chan is going to hit the American healthcare system like a nuclear bomb.

[Anonymous No.17732216]

>>17730463
https://m.youtube.com/watch?v=RHQLxVi_X1w

[The Devil !!y9pM1O7kKh0 No.17732246]

>>17731213
>>17731249
Mass boomer suicides when??

[Anonymous No.17732376]

>>17732186
Why do the Chinese cover up the true death toll? What's the reason to think that?

[Anonymous No.17732409]

>>17732186
your own link says the number who need ICU treatment is 5% not 15%. the 14% number is people who will need to get an albuterol inhaler from their GP.

definitely and clearly not a nothing burger, but this is not the end of the world you guys think it is.

[Anonymous No.17732529]

>>17731898
You're right about millennials but that rapidly shifting to muh van life, pod sharing. Boomers will go into panic mode because unlike 2008, they're all old fuckers now that can't fend for themselves without $$$$$. Because they are such a large demographic, their panic is going to cause massive ripples globally.

Every morning I chat with my brother in law who is a financial adviser for a major wealth management company. We both love trading and markets and have lengthy discussions every morning before market open. This morning he just texted me and said "can't talk, dude. This is bad, like what we've always talked about. It's here."

[Anonymous No.17732556]

>>17730607
>DUDE THE STOCK MARKET CRASHED SO JUST IMPLEMENT BREADLINES AND WORKER GENOCIDES FOREVER BRO
Christ I hope corona cripples the police force so we can just remove you dysgenic mongrels from the gene pool.

[Anonymous No.17732629]

>>17732409
I said that the 10%-20% number was for people who need breathing assistance, such as extra O2 and the like. Intubation is the worst possible scenario for this, but pretending that this boils down to "dude just get an inhaler lol" is dishonest.
Furthermore, you continue to ignore the reality that in the United States, visiting the ER because you can't fucking breathe and being prescribed medicine will pink wojak the supermajority of Americans' finances. Especially given that the most the health insurance companies are willing to spring for is testing, not treatment.

[Anonymous No.17732661]

>>17732376
The more people died, the worse they look. Image and reputation are everything.

[Anonymous No.17732699]

Stock up on ammo before it's too late, faggots.

[Anonymous No.17732704]

>>17731912
probably worse, but doubtfully great depression era tier. Buying a gun and ammo just in case though

[Anonymous No.17732740]

>>17732699
I live in Brazil, I can't even have a fucking gun.
I am already dead, don't i?

[Anonymous No.17732779]

>>17731548
>old people dying means high salary jobs and estates are transferred to younger generations
HEHEHEHAHAHAHAHAHAHAHAHAAHAHAHAHHAHAAHAHAHAHHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAAHAHAHAHAAHHAAHHAHAHAHAHAHAHAHAHAHAHHAHAAHHAHAHAHAHAHAHAAHAHAHAHHAHAAHHAAHHAHAAHHAAHHAAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAAHHAAHHAHAAHAHAHHAHAHAAHAHAHAHAHHAAHHAHAGAGAAGAGAHAHAGVAHAHAAHAHAHAHAHHAHAHAHAAHAHAHHAAHAHAHAHAHAHAHAHAHAHAHHAHAAHAHAHAHAHHAHAAHHAAHAHAHAH
YOU HONESTLY THINK, THAT THOSE JOBS ARE MORE THAN JUST TITLES, THAT THE MIDDLE MANAGER MAKING 250K WHO CANT OPEN A PDF IS GOING TO DIE AND JUST GIVE YOOU A FAT SALARY TO TAKE THAT JOB TITLE. ANON. ANON. LEMME TELL YOU SOMETHING. IT WONT HAPPEN. THAT IS NOT A JOB ANYONE WILL EVER BE TAKING. ITS GONE. ONCE THE BOOMER GOES ITS GONE.

[Anonymous No.17732808]

>>17732699
>>17732740
Fucking Americans think life is like Mad Max.

[Anonymous No.17732823]

>>17732779
This.
Last breath of a dying system. No one will ever work for those salaries ever again, not for a hundred years at least.

[Anonymous No.17732851]

>>17732779
>THE MIDDLE MANAGER MAKING 250K WHO CANT OPEN A PDF IS GOING TO DIE AND JUST GIVE YOOU A FAT SALARY TO TAKE THAT JOB TITLE.
That's exactly how Brazilian Government works.

[Anonymous No.17732868]

>>17732779
I dunno, people will always need a clueless boss who needs their help to open .pdf files.

[Anonymous No.17732877]

>>17731278
Yes.

[Anonymous No.17732898]

>>17732122
It’s not “porky”, it’s Jews, kike.

[Anonymous No.17732911]

>>17732529
I'm mid-30's and technically a millennial. I've seen this in myself and my peers. we wasted money in our 20's and started saving in our 30's. every US generation has done this for the past 60 years. but most millennials are still young, and we're a big demographic, essentially boomers 2.0.

I don't think we really disagree about the boomers. they have most of the wealth and are panicking, but I think that the panic is mostly irrational. there's no liquidity crisis and market fundamentals haven't really changed. people are just worried about numbers going down.

>>17732629
you continue to ignore the reality that the 14% number from your own link is people who will need an albuterol inhaler. they're not expensive.

the 5% number is cause for concern. there's no reason to exaggerate.

[Anonymous No.17732924]

>>17732898
THIS!

[Anonymous No.17732984]

DRUUUUUUUUUUUUUMPF

[Anonymous No.17732996]

>>17730607
Obviously you have mold growing on your brain but are you seriously unaware that the market goes in cycles?

[Anonymous No.17733075]

>>17731249
Let them starve

[Anonymous No.17733130]

>>17732556
Yeah bro that's exactly the idea. Wow, good take my highschool summerfriend.

[Anonymous No.17733132]

>>17730792
Lol, boomers never retire.

[Anonymous No.17733768]

>>17732529
>This morning he just texted me
Post text.

[Anonymous No.17733781]

>>17732898
The Jews are but a slice of the porky pie, maybe a larger one, maybe a smaller one. But still a slice. Removing them won’t fully get rid of the problem. You have to remove all of it.

[Anonymous No.17734127]

>>17730607
Commie fucks did this, virus is man made.

[Anonymous No.17734173]

IMAGINARY MONEY IS NOT 'THE ECONOMY'

[Anonymous No.17734351]

>>17730607
>marx
You didn't predict shit you massive turd.

The Austrians predicted this. Peter Schiff predicted this. This recession is the result of central banking.
MARX SUPPORTED CENTRAL BANKING

Kill yourself

[Anonymous No.17734402]

>>17731205
Communists deserve to be burned alive.
Left wing interventionist policies are what caused this crisis.

[Anonymous No.17734448]

>>17731278
These speculations are the result of central banking.
Marxist retards are absolutely clueless as to why recessions happen.
They're basically a massive cargo cult and yes they all deserve to be put up against a firing squad

[Anonymous No.17734460]

>>17731205
yeah cus that retard's experiment worked out great

[Anonymous No.17734553]

>>17732004
It was a massive shithole compared to the west

>>17731992
This central bank created recession only proves marx was dead wrong and mises was right.

[Anonymous No.17734609]

>>17734351
if only there were some kind of decentralized banking system...

[Anonymous No.17734611]

capitalism has failed

[Anonymous No.17734709]

>>17732823

uronically this faggots

[Anonymous No.17734812]

>>17734611
Central banking has failed.
Socialism would make this problem a million times worse.
We need to kill all socialists and central bankers.

[Anonymous No.17734857]

>>17734812
>Socialism would make this problem a million times worse.
why

[Anonymous No.17734861]

Who wants to join my roving gang of rapists in the post-apocalyptic world that awaits us?

[Anonymous No.17734926]

>>17734857
We're already in this mess due to government intervention. How does governments monopolizing more resources fix anything?
Why are socialists such massive bootlickers?

Just abolish central banking, holy fuck.
Stop letting your life be controlled by wall street.

[Anonymous No.17734987]

>>17734926
Central banks exist so that rioters do not burn down Washington DC retard

[Anonymous No.17734997]

>>17734926
Why not abolish speculants in general? Too extreme for your liberal feelings?

[Anonymous No.17735029]

The numbers will go back up in a couple months when the virus has run its course.

[Anonymous No.17735119]

>>17734997
>Why not abolish speculants in general?
Because planning the structure of production is an extremely socially good thing.
The problem comes when central bankers come along and manipulate this process causing malinvestment.
The entire stock market is a phony bubble.

>muh liberal baaaawww
lmao you people deserve to be killed
I can't wait for the next Pinochet.

[Anonymous No.17735154]

>>17735119
Anybody with a glut of capital can manipulate the market you retard

[Anonymous No.17735205]

>>17735029
>the virus has run its course.
After millions of dead boomers?

[Anonymous No.17735310]

>>17735154
>manipulate the market you retard
For the betterment of society, not by causing recessions through money printing which is what our current mess is about.

[Anonymous No.17735344]

>>17735310
>capital acting for the betterment of society
lmao

[Anonymous No.17735363]

>>17735205
:)

[Anonymous No.17735392]

>>17735119
>The problem comes when central bankers come along and manipulate this process causing malinvestment.
There were busts before central banking. It´s endemic to the system.

>I can't wait for the next Pinochet.
Every liberal wants a strong daddy when the depression hits.

[Anonymous No.17735490]

>>17735344
Thanks to capital, your living standards are far better than they were in 1750.
Absolute moron.

>>17735392
>There were busts before central banking.
You're absolutely retarded. Periods in history without central banking were quite stable. Sweden had such a system for a long time.
The 1800s in america were a semi-free banking period so there were still recessions caused by interventionism.
https://wiki.mises.org/wiki/Panics

>Every liberal wants a strong daddy when the depression hits.
What daddy? How is hiring security to kill those who want to use violence against you a "daddy"?
It's communist bootlickers that want the state to completely run their lives.
>bawww muh l-liberals
lmao
How does it feel that your ideology won't exist in 60 years from now?

[Anonymous No.17735563]

>>17732868
Perhaps, but it'l be nowhere near what the previous do nothing boomer was making.
t. recently got promoted after my older boss retired. And holy shit. I used to like the man, I thought he was quite competent and knowledgeable, but he left behind such a clusterfuck. He made up numbers and ratings "because they seemed right"

[Anonymous No.17735695]

>>17735310
>2008 caused by bank executives pursuing personal wealth at the expense of society by gambling on borrowed money
>"lol in an unrestrained market those with capital act in the best interests of society"
How can one keep falling for the same scam over and over again

[Anonymous No.17735755]

>>17735695
2008 was caused by the central bank printing money and pumping it into the housing market.
That plus government intervention in the housing market.
You people are completely fucking clueless.

[Anonymous No.17735820]

>>17732898
Jews set the rules. white traitors follow along and get rich while at the expense of their racial brethren in the lower classes. Think factories moving to China for cheaper labor leaving Midwest whites jobless

[Anonymous No.17735947]

>>17735490
no, my higher living standards happened despite capital and were driven by technology which, overwhelmingly, was developed in non-capital environments (schools, nonprofits, government operations, etc.)

[Anonymous No.17736052]

>>17735755
>government: it would be cool if more people could own homes
>bankers: oh so you're making it easier for people to buy homes? well then I guess we'd better start trading super leveraged derivatives of risky mortgages because stonks only ever go up am I right lmao??
>its now suddenly the government's fault when the stonks went down and buttfucked the banks
No

[Anonymous No.17736070]

>>17735947
>no, my higher living standards happened despite capital
Mass production and the technology that allowed it were a result of capital.
You are completely fucking clueless.

>>17736052
Who gave bankers trillions of dollars to cause malinvestment with?

[Anonymous No.17736179]

>>17736070
>Mass production and the technology that allowed it were a result of capital.
No, they weren't. Capital doesn't like revolutionairy, fundamental research because it is expensive, often fruitless and can have unforseen consequences that might threaten the current profit strategy. They leave that sort of research and development to others. They are great at coming in after the hard work has been done and putting a pricetag on things. And it only makes sense, why would a car company research future modes of transportation when really, they just want to sell you a marginally better (if even that) car.

If you look around at all the big technological breakthroughs, they weren't the result of capital. The computer, radio, television, the cellphone - the backbone technology of all of these things happened outside of capital forces.

[Anonymous No.17736211]

Its all the central bank its not like this kinda market gambling would occur with out it. So much cope from the capitalist so sweet.

[Anonymous No.17736215]

>>17735820
Edgelord Juliano kek

[Anonymous No.17736222]

>>17730463
Seasons don’t fear the reaper

[Anonymous No.17736237]

>>17730463

NOOOOOOOOOOO NOT MY HECKIN CRYPTORINOS!!! NOT MY HECKIN STONKERINOS!!!!!! SAVE ME SATOSHI SAVE ME ELON MUSK, I-IT'S ALL GONNA BE OK, R-RIGHT?

JUST HODL AND WE WON'T LOSE, R-RIGHT?

[Anonymous No.17736308]

*ahem*

[Anonymous No.17736395]

>>17730607
I can't wait to gun faggots like you down in the civil war.

[Anonymous No.17736702]

>>17736070
>government gives bankers money to help promote homeownership
>bankers spend it all gambling on derivatives
>the government is in the wrong here
No