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/biz/ - Business & Finance

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2675470 No.2675470 [Reply] [Original]

Mrs.Yellen says we wont be having another recession 'in our lifetime'.

What does /biz/ think?

>> No.2675494

>>2675470
Of course Yellen would say that. She and the entire fed system are full of shit.

>> No.2675524

Put a Fibonacci spiral on that image

>> No.2675525

>>2675494
What if shes right? What if we are literally in a bull market that continues for the next 10 years?

>> No.2675534

>>2675525
Have you not heard the news!?

Trump is making America great again

>> No.2675539

>>2675470
>>2675494
She also doesn't have many years left to live

>> No.2675541

She didn't say she didn't think there wouldn't be another recession, she said she didn't believe there would be a repeat of the situation in 2008. Back then, banks had borrowed too much to buy too many risky mortgages, which they included in mortgage bond instruments they sold/held.

There are now heavy regulations on banks to prevent this from happening again (like required levels of capital to be maintained, not too much borrowing, etc).

>> No.2675554
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2675554

Convert your crypto to fiat before it's too late.

>> No.2675555

>>2675470
I don't know. There's been a lot of less than stellar data released over the year but each time the sell off from it lasts a day or two and then it rebounds and goes to new all time highs. It seems nothing can keep stocks down. Some are speculating this is QE money finding its way into the market. If it is then this rally will likely last a long time.

>> No.2675566

Also, the markets likely won't crash as there's still a lot of dip buying.

>> No.2675585

>>2675470
It will be interesting to see how the inevitable stock market crash effects crypto currencies.

>> No.2675595

>>2675585
I read an article somewhere that said cryptos will, suprisingly, crash WITH stocks.

>> No.2675616

The Fed is already tightening with core inflation barely above 1% and plenty of slack left in the labor market. There's going to be a recession SOON

>> No.2675621
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2675621

>>2675554
lol

>> No.2676856

>>2675470
Fisher was also confident the markets would never come down, predicting confidently: “Stock markets have reached what looks like a permanently high plateau.” On that day, the Wall Street Crash of October 1929 was less than two months away. It was the worst share tip in history. Nothing else comes close.

The crisis broke on Thursday 24 October, when the market dropped by 11%. Black Thursday was followed by a 13% fall on Black Monday and a further 12% tumble on Black Tuesday. By early November, Fisher was ruined and the stock market was in a downward spiral that would only bottom out in June 1932, at which point companies quoted on the New York stock exchange had lost 90% of their value and the world had changed utterly.

>> No.2676897

People study history in high school and forget about most of it a few years later. I guess this includes jewish old ladies.

>> No.2676911

>>2675595
post the article or admit you made it up

>> No.2676943

>>2675470
Huh, that's a really odd year to start your graph...

>> No.2676948

>>2676911
Think about it - anybody invested in both is going to need to liquidate once stocks crash. Plus, no one will have spare fist for crypto when stocks take a shit.

>> No.2677550

>>2676948

I long gold, stocks and crypto while shorting fiat.

If stock markets crash I borrow more and sell my gold.

Alsp bitcoin has -0.1 - 0.1 market correlation