/biz/ - Business & Finance

[Anonymous No.49265737]

I was 5 years old in 2008, can boomers tell me what the fuck will happen when the stock market crashes?

[Anonymous No.49265750]

>>49265737
>can boomers tell me what the fuck will happen when the stock market crashes?
I'll come rob you probably

[Anonymous No.49265754]

Rich jews get bailouts from tax payer money
You starve to death

[Anonymous No.49265760]

What will happen is that you will own nothing; and you will be happy.

[Anonymous No.49265876]

this is a bot thread
no feedback for bots

[Anonymous No.49266836]

Businesses cut back, or become insolvent, people lose jobs or take pay cuts. Buying pressure for consumer goods contracts as households become poorer.

This is all wanted by the Biden administration and the EU bureaucrats as well. They want all the uppity wagies who quit in the pandemic to get so desperate that they capitulate to wage slavery again. What they're gonna get is weimar republic 2 electric boogaloo.

[Anonymous No.49266894]

bump

[Anonymous No.49267760]

>>49265737
Everyone was talking about crisis.. I was 18 at school and didn't understand why did it happen or why they were blabbing that much. Only know that jobs in my country became hard to find

[Anonymous No.49267784]

fuck off zoomer

[Anonymous No.49267787]

>>49265754
Can they even afford to do that after the 2020 stimulus injection? My personal feeling is that they're backed up against a wall, and everything (from housing to the stock market itself) is overleveraged to hell and there's no way out except to sell.
>>49266836
Do you think this recession will become a Depression?

[Anonymous No.49267894]

>>49267787

Never say never. Nothing is guaranteed when it comes to the economy. The 2008 crisis was a surprise to much of the mainstream. What's interesting now is that mainstream pundits acknowledge the dire situation. Central banks have a choice between inflation or a recession. We're probably heading towards stagflation

[Anonymous No.49267934]

>>49267894
Can we even survive stagflation, is my question? The United States was an entirely different nation in the 1970s, and I'm not talking about meme points like racial demographics, but on hard economics. There was still - albeit a collapsing - production and industrial complex within the Nation that could still produce goods to be consumed. Nowadays we have nothing but an economy based entirely on producing services and "knowledge" that has no tangible effect on peoples' lives if they can't get products and goods.

My feeling is contrary to a lot here, on /pol/, and elsewhere: I feel like the people in charge (In DC, in the Reserve, etc) have painted themselves into a corner and there's no way out.

[Anonymous No.49268007]

>>49267934
Yeah that definitely a way of seeing things, put you cant forget that the dollar is a geopolitical tool.
A strong dollar is probably the most important thing to those in charge, so they cant let it de-valuate too hard vs other currencies

[Anonymous No.49268032]

>>49267934
Survive? Yes. But the US will look more like Brazil. Could trigger a slow death spiral. Absolute worst case for those in power is it stagnates emigration or reverses it because low pay jobs aren't worth it or not enough to go around.

[Anonymous No.49268098]

>>49268007
I concur, but I don't think that has any bearing on the true economic state of the Nation. The Dollar might be strong, and it might keep the geopolitical situation still somewhat in "our" favor, but that doesn't mean that the actual economic state of the United States is in any way positive. I think that the power goes hand-in-hand: that the geopolitical significance of the Dollar shores it up on the homefront, and that the stability of the economic situation on the homefront keeps the Dollar strong abroad. It's a symbiotic relationship.
>>49268032
The smart thing would be to find some way to shift gears and move some form of mass industry and production back stateside, combined with an intensified nation-wide push for energy infrastructure. Because, at the very least, we would be able to produce goods that could be consumed by our own people instead of relying on nation(s) that might be rugpulled if the Dollar loses its strength and collapses.

My view is that "those in power" are completely short-sighted and blinded by greed, and want to keep the music on and the party going until the last moment because they FOMO and are greedy as fuck.

[Anonymous No.49268125]

It's based. You get to buy stocks for cheap.

[Anonymous No.49268164]

>>49268098
The problem is the government is really good at getting in their own way and tightening regulations on anything slightly productive.

[Anonymous No.49268418]

>>49268098
>My view is that "those in power" are completely short-sighted and blinded by greed

Their goal is to maintain the status quo, protect their lifestyle till they die, and provide an exit plan for their families. The whole boomer strategy has been to kick the can down the road till the day they die. Case in point the only reason houses appreciates at this point is imagination, all in an effort to keep the number one boomer asset pumping.

[Anonymous No.49268473]

>>49267787
>Can they even afford to do that after the 2020 stimulus injection?
why not?

[Anonymous No.49268503]

>>49267894
>We're probably heading towards stagflation
low wages and high inflation?

[Anonymous No.49268572]

>>49265737

Nothing. Number goes down. People complain about it. They you buy and make 2x your money in two years because retards think the USA is collapsing... again... for the 50th time. Any day now the USA is collapsing they say.

[Anonymous No.49268609]

>>49266836
this guys take has more truth to it than anything else in the thread. they're putting the screws to the people, trying to make them as poor as possible without triggering a revolution.

that's why their energy policy is terrible, that's why there's Russian/Chinese sanctions, that's why they're allowing the food supply chain to collapse, it's just a massive war on the unwashed masses. Now they're pushing hard on the 2nd Amendment. What interesting timing. They must be getting ready to do some real fucked up shit to us soon.

[Anonymous No.49268663]

>>49267934
>producing services and "knowledge"
why knowledge?

[Anonymous No.49268665]

hiring freezes, massive layoffs, 2008 was the first time i ever collected unemployment since i started working in 1994

[Anonymous No.49268681]

>>49268007
most important post itt
the crash will create hyperdeflation, liquidity crisis, milkshake
this liquidity crisis in turn will create depression
mad max is an allegory, the rich (immortan joe) controls water (liquid/money) and give little to the peasants below who are in dry desert (liquidity crisis)

Sri Lanka is experiencing liquidity crisis, even though there are a lot more important problems than Sri Lanka to worry about.
We have to end apartheid for one. And slow down the nuclear arms race, stop terrorism and world hunger. We have to provide food and shelter for the homeless, and oppose racial discrimination and promote civil rights, while also promoting equal rights for women. We have to encourage a return to traditional moral values. Most importantly, we have to promote general social concern and less materialism in young people.

[Anonymous No.49268717]

>>49265737
Everyone loses their jobs and employers get REAL uppity again.

Back in 2010 I just graduated from university and I remember job ads like:
>dishwasher wanted
>min 8 years experience washing dishes in commercial kitchen
>0-32 hours per week, on call is a must
I'm not even memeing.

[Anonymous No.49268720]

>>49268164
I think it's because, like the other Anon said, short-term benefits. The boomer magnates in power and the bankster cliques profit from the off-shore industries. They don't have to pay them a fair wage like they would have to for Americans, and still get to reap the rewards of cheap goods. But the party can't last forever.
>>49268418
The party can't last forever. The Boomer Generation is already on the way out the door, and I imagine there will be a huge drop-off of the generational cohorts within the next five years. Not that it matters much, but a lot of the boomer-age rockstars are already dying off. Just an observation of a greater trend, one that can be typified.

Eventually the music stops.
>>49268473
How can they? There's no liquidity. The entire economy, from top to bottom, is built on lies and speculation and imagination.

[Anonymous No.49268722]

>>49268681
Anon, that was beautiful

[Anonymous No.49268772]

>>49268681
>>49268722
Am I on reddit right now?

[Anonymous No.49268847]

>>49268717
I remember those. Was a real bad time.

[Anonymous No.49268859]

>>49268772
>He doesn't want to end apartheid
>He doesn't want to encourage a return to traditional moral values

[Anonymous No.49268873]

>>49268665
>hiring freezes, massive layoffs
we do not have this now, why?

[Anonymous No.49268900]

>>49265737
In 2008 the company I worked for lost most clients and we had to scale down massively just to survive, we lost more than half of our business in a year. In 2012 that company died. That's what happens

[Anonymous No.49268904]

>>49267784
The only acceptable response.

[Anonymous No.49268905]

>>49265737
Anons will slurp all the supercharger rewards on freeway. That's a promise.

[Anonymous No.49268937]

>>49268720
>The party can't last forever
Yeap, which is why they're kicking it down the road till they die. Forbes has done a few articles about the coming population crisis and that emigration wont keep up like the politicians think it will.

[Anonymous No.49269044]

>>49265737
God you’re a young little faggot

[Anonymous No.49269162]

>>49265737
something breaks in the system, something big will go bankrupt, panic selling, all the politicians start talking about the economy, central banks pull out some new shenanigans to keep the system going, fear everywhere SELL SELL SELL OMG WE ARE ALL GOING TO DIE, revolutions in the third world, a bunch of people lose their jobs and the economy starts going through structural change

or we could have a more normal bear market where it just trends downward for 5 years until valuations become somewhat reasonable

[Anonymous No.49269332]

>>49265737
i entered the workforce just a year before the 2008 crash. from what io saw, these where the things I noticed:
> leveraged fags in stocks roped and lost all they had
> boomers, ie 40s over comfy types who have not reskilled or upgraded themselves, got laid off
> things got cheaper and its was good time to purchased assets
it was not all that bad as long as you have savings to slurp and have skills that people wanted. you barely feel if if you are not an overspent and lazy faggot.

[Anonymous No.49269383]

>>49268937
I watched a video recently (albeit, it was hardly related to economics and more of some incel cringe meme) about demographic collapse, and on the data he provided it's very startling. Basically every racial demographic in America is barely at replacement rate, and only the Hispanics are above it and solely propped up due to the immigration. It's a startling look because in the end, it will absolutely shatter our economy which has been almost purpose-built around ever-growing population in need of ever-growing services.

Truth be told, I don't think there's enough gas left in the can to keep kicking it down the road. They blew their last load trying to stopgap back in 2019-2020.
>>49269332

[Anonymous No.49269454]

>>49269332
Fingerfucked the post, but I meant to respond to you too: Those with savings and skills might be able to weather it, but that's not most people. Most people in the United States have no savings and live paycheck to paycheck whether by their own lifestyles or by circumstance, are waist-deep in debt they can't pay off and are overleveraged to hell, and have little skills that would translate to employability should the current model of a service-based economy collapse.

[Anonymous No.49269810]

the us will survive and they will kick the can down the road, why because they are the cleanest dirty shirt to use the boomer expression
what is going to happen is the collapse of the eu, by design of course this will spark another great immigration of skilled labour towards the usa which will push the can down the road for another 2 decades
in 2009-2012 we saw this effect in the eu itself, young southern europeans with skills and ambition moved north thus propping up their economies with cheap profitable labour while killing off their home countries
so think 50% unemployment for under 35's in germany and ever kraut shilling to get a green card like pajeets are now, meanwhile the whole of europe gets a complete demographic and then economic implosion until its just the aristocrats lording over the immigrants
for the baseline is that nafta still has a lot of untapped resources that could be used and are preserved right now while the rest of the world is sucked dry and europe is spent in every area
third world is already hitting mad max levels so no need to consider them anymore

[Anonymous No.49269947]

>>49269162
Normal bear markets don't trend down for 5 years

[Anonymous No.49270020]

>>49269810
I think Eastern Europe will be fine, especially northern part (Poland, Baltics).
These countries are food exporters, water secure and against mass immigration.
Now they have a strong industrial base as well, with Poland taking the lead with Estonia and Lithuania contributing to high-tech.

[Anonymous No.49270065]

>>49268681
Based

[Anonymous No.49270161]

>>49269383
And the final nail in the coffin for the us will be when immigration reverses. At that point our economy will start looking like Japan's but without the cohesive culture and people.

[Anonymous No.49270378]

>>49270020
zero energy and taking the full blow of putins retaliations while being cold rather than temperate climates
its a toss up at the moment for poland to either have a mass famine when their input dependent agriculture fails or their demographic collapse accelerating to ease that up
baltics are too small and meaningless to accurately say anything about but russian annexation seems likely, all the current eu bluster is a bigger lie then any vatnik propaganda come winter they are totally fucked

[Anonymous No.49270480]

>>49270161
I think the issue with that is that where are people going to go? If we fold, then the rest of the world will fold too. That's the problem with the interconnection of the global economy and the supreme position of the Dollar. Not just the global homogenization and all of that Culture War stuff, but the fact that if something happens to us, there's no where to go. Everywhere will be varying levels of fucked.

[Anonymous No.49270820]

>>49270480
Someone will fill the vacuum. Plus when i say immigration reverses that basically means people stop coming here because its not worth it anymore.

[Anonymous No.49270836]

>>49268665
We had this in 2020

[Anonymous No.49270905]

>>49265737
You lose your home and your mom has to suck fat people penis in order to pay rent on the studio apartment. Most nights you'll have to sleep outside in the hallway. Though it's not all bad... you'll make friends with the other kids sitting outside in the hallway of your apartment complex. Maybe you guys can trade pokemons or something.

[Anonymous No.49271268]

>>49265737
LMAO the market doesnt crash anymore dumb boomer. Theres new fundamentals and everyone needs the market to gp up so it will

[Anonymous No.49271512]

>>49270378
Baltics and Poland are completely energy independent from Russia.

[Anonymous No.49271580]

>>49267787
>Can they even afford to do that
anon

[Anonymous No.49271637]

You lose your job, usually.

[Anonymous No.49271693]

>>49270905
Where do the fat guys get the money to have their penis sucked? Is there a sort of penis sucking arbitrage? You suck for $15 and you pay to get sucked for $5 and you re build your not gay meter, to go suck again?

[Anonymous No.49272038]

>>49271693
Neetbux

[Anonymous No.49272056]

>>49271512
nobody is anon, thats all a lie
its one pipe network, once in there is no way to separate out a norwegian from a russian methane
in a shortage event and there is no alternative to russian energy all of the eu is well and truly fucked

[Anonymous No.49272912]

>>49265737
Economic uncertainty means people will spend less money. People spending less money means economic growth stops. Economic growth stopping means businesses need to start laying people off. People getting laid off means they have even less money to spend.

Repeat the above until the Fed decides that enough air has been released from the balloon and they cut rates and restart QE

[Anonymous No.49272971]

>>49268681
kekkers

[Anonymous No.49273057]

Blackrock Aladdin decides which companies to bail :)

[Anonymous No.49273140]

>>49265737
i was in omaha, ne in 2008, which was said to be one of the better places to be during the recession, due to the presence of many corporate HQs there. i didn't notice anything. life went on as normal, i interviewed at shit jobs and got hired. i cant remember the prices being that different. i notice them much more now.

[Anonymous No.49273278]

>>49265737

I can't tell you what will happen in 2022, because it could be very different from 2008. Either way, the short answer is that a lot of people lose their jobs and have to sell off what little personal possessions they have to try and keep from losing their homes. Similar things happen to businesses; they have debt that needs to be paid on and less money coming in. Because they have less money coming it they are less likely to be able to refinance their debt, and the ones that can't end up getting liquidated.

That might not happen this time; they have proven that they are willing to print an obscene amount of money to kick the can down the line. People will talk about bailouts in 08, but TARP was less than a trillion in loans. (Loans that were paid back and the goverment profited from). In this scenario the debt holders aren't punished for their over extension.

Ultimately, if it crashes then anyone who can keep their job can become rich. You don't even have to be in the markets persay; I was buying up any EM pinball machine for under $1,200 and sold them all for $4,000-$5,000 each. Not entirely sure that will happen this time though; people don't have cool shit to sell like they used to. After 08 people just started spending on "experiences". The pinball machines are all owned by successful barcodes and private collectors that have much more stable finances.

[Anonymous No.49273302]

>>49265737
zoom out. not even close. why not compare it to the 2020 crash?

[Anonymous No.49273351]

>>49267787
People said the same things in 2008.
People said "surely they won't get away with it" when they rigged the 2020 election more obviously than in a 3rd world dictatorship.
People said "surely they won't get away with it" when they faked a pandemic for 2 years to make billions on untested gene therapy that data showed (psyop or not) was killing people right off the bat.

[Anonymous No.49273375]

>>49265737
fuck i am old

[Anonymous No.49273431]

>>49265737
1 ply toilet paper in all employee toilets

[Anonymous No.49273459]

>>49268681
never not gonna be sus about Sri Lanka ever

[Anonymous No.49273517]

>>49273140

Prices were great, if anything they were lower since businesses had to compete in terms of value.

https://youtu.be/-SPt2LS6ONk

I worked at a call center and managed to built up a considerable amount of wealth just buying cool shit from people on craigslist. I was a financial dumbass, but that doesn't matter when you can buy something cool for and 80-90% discount that people want to buy back once things stabilized.

That's what makes the current situation feel so grimy to me. We aren't even in a "recession", and my gross hourly rate has tripled since 2008, yet the number of soft tacos I can buy has stayed the same. I can buy fewer beefy 5 layer burritos than I could in 2008. It doesn't feel like how things were going in 08, and there's tons of fed fuckery that might explain why.

[Anonymous No.49273535]

>>49269383
https://youtu.be/ZDceLiPLHWQ

[Anonymous No.49273574]

>>49271637
cant lose a job i dont have.
check and mate

[Anonymous No.49273599]

>>49273517
>I was a financial dumbass,
god i wish i had taught myself how to trade earlier

[Anonymous No.49273623]

https://www.youtube.com/watch?v=EznGGYQ-Tv8

[Anonymous No.49273773]

>>49273599

Worked out for me, the pinball machines and trading cards beat the market. But man, had I known about options trading I would have made it just from a couple picks.

I can't complain; I effectively live like a boomer. I bought a house, filled it with a bunch of toys, and doing so made me "rich". Not wealthy or powerful, but financially comfortable and able to retire at the normal age.

To the young people reading, get a job if you don't have one already Don't be a bottom tier performer. There is a unique kind of despair that comes from being rejected at McDonald's because you lack experience, instead of being overqualified.

[Anonymous No.49273856]

>>49273773
imagine being a rentoid right now, during the most dangerous game era. thoughts and prayers to all the zoomers out there, no matter how fucked up they are!

[Anonymous No.49273974]

>>49265737
gold mooned!
>so will it this and next year

[Anonymous No.49274169]

>>49273856

I want nothing but the best for them and metaphorically spit on any Millenial who talks shit about their mental health issues or weird behaviors. Nobody chooses to be that way. They're all victims of the social media mind-grinder and grooming from sexual predators.

I used to laugh at the notion of "cyberbullying", but I see clearly now. It's not "just the internet" or anonymous trolling. It's people you know in real life playing the bullshit high school drama game after school hours. You can't even escape to anonymous internet communities without creeps trying to groom you into taking hormones and becoming trans. That shit's organized, and it's horrifying.

[Anonymous No.49274415]

>>49270905
keked

[Anonymous No.49274584]

>>49273856
They'll live at home or move to greener pastures. The handful i know are not planning to live where their from due to costs. Lots of people in general going van life too.

What i find intriguing is the number of millennials that now feel trapped where they bought a house. This fully exposes them to potential demographic shifts and local economic force they cant escape.

[Anonymous No.49274766]

>>49265737
House foreclosures and more BLM idiocy in order to distract the proles

[Anonymous No.49274843]

>>49267934
USA is still a net food exporter and has a currency that runs on Infinite money exploit. It'll be painful for a few years but we'll chug along.

[Anonymous No.49275313]

>>49265737
Depressions are where generational wealth is created at the cost of the public at large. Where do you want to sit when everything comes crashing down? Basically, most young people are going to get fucked over again by boomers and Gen Xers. Especially those who just graduated high school or are about to graduate college.

Everyone wants a job, but the only people hiring are going to be wage-cage, host/waitress, prostitution et cetra. Those who are professionals will have their entire livelihoods stolen from them, and you can expect there to be insane chimp outs and Occupy Wall St. movements all over again.

The niggers that were exported from the inner cities will go hungry, and you can expect armed robberies to rise as people begin to become increasingly desperate as things spiral out of control. I highly recommend the movie "Bicycle Thief" if you want a snapshot of how bad things can get.

Without a new reserve currency, without a new system everything, without fucking morality in this godforsaken environment will crumble into dust; as per the eternal biblical warnings.

EXODUS 20:4-6 (NIV)
>4Thou shalt not make unto thee any graven image, or any likeness of any thing that is in heaven above, or that is in the earth beneath, or that is in the water under the earth:
>5Thou shalt not bow down thyself to them, nor serve them: for I the LORD thy God am a jealous God, visiting the iniquity of the fathers upon the children unto the third and fourth generation of them that hate me;
>6And shewing mercy unto thousands of them that love me, and keep my commandments.

TL;DR - Boomers/GenX got in their heads to worship the Jews and the systems they've created and we're paying the price.

[Anonymous No.49275772]

>>49265737
>2003
Lol this nigga zoomer didnt even see 911 live.

[Anonymous No.49276120]

>>49265737
It’s never the same typ of crash.

I witnessed the bull run in the late 90s and then the crash and the 2007-2009 crash. These times all have a unique flavor to it. I was a young lad in 2007 in business meetings reading forecasts of bank bad assets and nobody thought it would all crash. Everyone talked about the crash even in 2007, but how bad it was, wasn’t understood.

If this is anything like that crisis, fuck my ass.

[Anonymous No.49276894]

>>49265737
> everyone older than me is a boomer
mcfucking kys jewtube baby

[Anonymous No.49277503]

>>49273856
Imagine stacking cash to slurp the housing dip? Are you a line always goes up tard or a schizo that thinks apartments will become mad max zones?

[Anonymous No.49277679]

>>49276894
>> everyone older than me is a boomer
That's not what he said, he was specifically asking boomers. Whether it's the 30yo boomer meme or actual boomers, his request was specific. Why would you go out of the way to get mad at something he didn't say, retard?

[Anonymous No.49277842]

>>49268609
this is retaliation for crypto and a few meme retail investment successes like gme. peasantfags thought they could punch up? the rich can punch down hard enough to end your bloodlines and make those remaining wish they'd been lucky enough to have their parents starve.

[Anonymous No.49280339]

>>49277679

Because he's a seething late Millenial that missed out the housing crash, and is sick of being lumped in with the older millennials that didn't.

Ironically, that divide is exactly what the 30 year old boomer meme encapsulates. It came out in 2018, which would have been a birth year of 1988, age 20 at the crash, and age 25 by the time housing finally started to creep upward in price. Technically a "Millenial", yet has an economic worldview that is completely different from someone born just 5 years later (and therefore missed their chance to get a deal on a house).

1987 here. Economically speaking, I am a boomer. My $1,500 mortgage gets me 3,600 square feet, and my home has tripled in price. My wife is a stay at home and we can afford annual vacations, buy nice things, all while saving for retirement too. I got "rich" from a crash and didn't have to do anything fancy. Just hold a job and buy a house. If it ends up being the same kind of crash others can get "rich" too by copying some of my moves.

[Anonymous No.49280774]

>>49265737
i don't get it..
inflation on the one hand
stock crash on the other
if i sell into usd, it'll become worthless because of inflation
if i don't sell, i lose.
if i sell into gold.. gold has turned into a meme.

[Anonymous No.49281515]

>>49280339
>Because he's a seething late Millenial that missed out the housing crash, and is sick of being lumped in with the older millennials that didn't.
Projection, stopped reading

[Anonymous No.49282499]

>>49265754
>Rich jews WHO CAUSED THE ENTIRE PROBLEM get bailouts from tax payer money
>you will be told to suck it and that you're not entitled to a cent because you're a lazy commie
ftfy

[Anonymous No.49282821]

>>49268032
Those in power are already shifting out of the US or have already done so. Hint: Its not the politicians who are in power

[Anonymous No.49282859]

>there's people on here that were 5 years old in 2008

[Anonymous No.49282867]

>>49268503
recession (stagnation) and high inflation, yes

[Anonymous No.49282870]

>>49268681
>hyperdeflation
no
>liquidity crisis
this is a function of credit, not money
>milkshake
that guy actually charges you money for those retarded ideas lol

[Anonymous No.49282903]

>>49275313
>adding generation x into the list of people who wronged you when they were the ones that taught you boomers did this to us in the first place
lmao pathetic

[Anonymous No.49282913]

>>49268572
yeah, you're just as dumb as them if not dumber.
Buying the dip works all the time, until it doesn't.
The macroeconomic outlook for the US so horrible it's hard to put in words.

[Anonymous No.49282948]

Boomers will give themselves trillions of taxpayer dollars for pension/retirement bailouts while telling younger generations anything that would help them like student loan forgiveness or a first-time homebuyer aid program is a commie handout and a waste of tax dollars.

[Anonymous No.49282959]

>>49268681
>>49268722
>>49270065
go back

[Anonymous No.49283052]

>>49268720
>I think it's because, like the other Anon said, short-term benefits. The boomer magnates in power and the bankster cliques profit from the off-shore industries. They don't have to pay them a fair wage like they would have to for Americans, and still get to reap the rewards of cheap goods.
Retarded take. The lower prices are absolutely needed to keep Amerilards unaware of their completely eroding standard of living. The economy is essentially a zero sum game. If the people make less from lower wages, they are also unable to pay the same prices for goods. The problem is that the poor are getting fucked by money printing and their purchasing power eroding at ~2% p.a., which goes straight into the pockets of banksters, big money, bureaucrats and politicians. Production moving to cheap labour countries has nothing to do with it. Go back to /pol

[Anonymous No.49283072]

>>49269332
I remember faggots camping in tents as "protests" for several years after the recession lol

[Anonymous No.49283104]

>>49267787
>Surely the government can't do it AGAIN after we demonstrated multiple times that nobody will do anything or be held accountable for their corruption
Anon, come on. Seriously, we're all adults here.

[Anonymous No.49283133]

>>49270020
yeah, because eastern europeans (unlike southern europeans) actually have a passable work-ethic and get shit done. Greece, Spain, Italy and possibly France will get crushed by the Euro system and either get out or make the Euro cease to exist.

[Anonymous No.49283150]

>>49265760
Also no PRIVAZY AND EAT ZE BUGZ GOY

And you've never been happpier

[Anonymous No.49283191]

>>49280774
question remains: where is all the money going???

[Anonymous No.49283199]

>>49268873
You're starting to see some freezes and layoffs in the heavily hit tech companies but it hasn't spread much yet

[Anonymous No.49283233]

>>49283199
it depends what you mean by tech industry.
FAGMAN will get hit by a train, tech industry that focuses on digitalization of business processes will accellerate hard to get rid of expensive labor imho

>t. IT-Consulting fag

[Anonymous No.49283286]

>>49283199
Tech is grossly over-valued to begin with, when their stock craters it's a correction more than a crash.

[Anonymous No.49283338]

>>49282499
>It was jews and not an actual inherent economic issue with the system itself.

Jesus Christ pol, so fucking retarded.

[Anonymous No.49283751]

>>49267934
>and I'm not talking about meme points like racial demographics
That’s literally all that matters.

[Anonymous No.49283761]

>>49283338
It's both, tranny

[Anonymous No.49283785]

>>49268873

*yet

[Anonymous No.49283819]

>>49281515

But you still replied. Means I've got you pegged.

[Anonymous No.49283933]

>>49282903

If you got a gen X that did that then you were one of the lucky ones. They were either yuppies filling their pockets while the ship sunk or apathetic burnouts that did nothing to help or mentor anyone younger.

[Anonymous No.49284000]

>>49283286
the recessions effect on tech companies is really intriguing. i always found it crazy how european tech careers dont pay nearly as much as american ones do. i wonder if there will be a correction and the american salaries will go down to european levels.

[Anonymous No.49284008]

>>49265737
All the doom posting said it was supposed to crash today lol

[Anonymous No.49284261]

>>49268681
Impressive
Very nice

[Anonymous No.49284299]

>>49284000
Tech companies will have to relocate to lower salaries. 200K is just getting by in Silicon Valley, but if they move to Cleveland or Albuquerque they can pay half that and their employees will be living pretty well.

[Anonymous No.49284314]

>>49268681
I hope you get eaten by a pack of feral niggers

[Anonymous No.49284338]

>>49282903
there you go proving his point

[Anonymous No.49284397]

>>49265737
Probably another progressive forward facing demographic representing person becomes the next president. So probably kamala in 2025. Then when we are on CBDC you will see documentaries about how kamala was working behind the scenes to save us from ineffective old white man biden that couldn't solve the inflation crisis of 2022. Politico and CNN will still be in business and DC will expand with more bureaucrats and more security jobs to be found everywhere.

Probably a good financial decision to get security licensed to carry a gun and "guard" public schools under some new government administration gibs job.

[Anonymous No.49284529]

>>49268418
>The whole boomer strategy has been to kick the can down the road till the day they die.
Why blame boomers for government corruption? Boomers were the last generation to have fairly large families. They don’t want to see their kids and grandkids flounder

[Anonymous No.49284622]

>>49267934
Powell is no Volcker. Plus the interest rates cannot be put at even half the level of what they need to be to combat inflation, due to US Gov debt service, economy only being able to function in low rate environment, etc. The only reasonable solution is to cut spending, which is not going to happen because of all the graft and gambling done by congress. There's no immediate solution, and I feel like that's what Biden was told today. The situation lowers wages because of the ridiculous price of gas- it was $2 a couple years ago so people could make a lot of money in gig roles, and now it is $5 where I am, higher than ever before. Staples like chicken, milk, produce, are climbing higher, not to mention all the specialty shit people are accustomed to. Young people are not working or are only working shitty service jobs, nothing productive. There's just so many concurrent problems, and a selection of individuals (Biden, Powell, Yellen, etc.) who can't seem to figure out how to deal with it. It's definitely headed to some kind of endpoint, but where that may be is not clear....

[Anonymous No.49284690]

>>49268681
Yes, we must feed niggers.
Forever.

[Anonymous No.49284831]

>>49265754
>You starve to death
maybe you do, poorfag. have fun hoping your internet magic beans will make you rich

[Anonymous No.49284927]

>>49265737
Unironically nothing

[Anonymous No.49284956]

>>49265737
Jews.

[Anonymous No.49284986]

A great little time capsule that resonates with me greatly is the movie Up in the Air. Came out in 09 during the recession - a timely movie about layoffs and a lot more, but those scenes specifically about the firing of staff .. that shit was happening literally every where. If you had a job you felt lucky

[Anonymous No.49285129]

>>49284529

My dude, the boomers were the first generation to allow things to fall below replacement rate. We've been below replacement since 1972. Oldest boomer would be 26. It's why the social security ponzi is failing.

They're entitled pieces of shit, top to bottom, and yeah I am personally slighted. The only money I got came from skipping lunch at school. They pay my Lesbian sister's mortgage, but insist that it's "fair" because they kick $1,000 into the college fund for each of my three kids.

Every negative piece of culture comes from them.

[Anonymous No.49285147]

>zoomer faggot
>1 post by this id
>127 replies
I’d have to imagine the majority of biz are dumb zoomers now getting scammed by jeets

[Anonymous No.49285337]

>>49284299
what about remote work? or is that not as widespread as people say it is?

[Anonymous No.49285397]

>>49265737
>I was 5 years old in 2008

[Anonymous No.49285774]

>>49285337
It is, but most tech companies aren't going 100% remote so for the workers that have to be in an office you'd save a lot on payroll moving from Silicon Valley to a cheap flyover city.

[Anonymous No.49286596]

>>49268032
This is bullish. If the us dollar buying power is deflated enough than all debt will be rendered to worthlesness. Bullish for mortgage chads.

[Anonymous No.49286622]

>>49282499
Well the people who are against communist shouldn't get a cent

[Anonymous No.49286681]

>>49268681
Child's play

[Anonymous No.49286722]

>>49285774
Soon enough they are just going to outsource all the "work from home" shit to Mumbai

[Anonymous No.49287026]

>>49277842
Most gme fags are down bad. Normies never sell until theyre down massively

[Anonymous No.49287277]

>>49286722
Outsourcing has existed for longer than remote work, yet jobs in America still exist. Truth is Pajeets are terrible, sloppy workers. That can get you by for certain tasks but you can't trust them to do everything. My last employer dramatically cut back on the Pajeet outsourcing because their mistakes were destroying the company's reputation and the cost to fix it was more than if they just employed Americans to do it correctly from the start. We still had some Pajeets but they were only trusted to do the most menial work that wouldn't cause major problems when they did fuck up.

If you do anything that requires secret clearance Pajeets can never have your job. If you work in sales, marketing, PR or anything involving clients Pajeets won't have your job because employers don't want employees who sound like IT scammers in a public-facing role.

[Anonymous No.49287278]

>>49287026
doesn't matter if they're hurtin' now or not, they hurt some big investment companies with their short squeeze. they'll still want revenge on the casual peasant retail traders that dared to strike them.

[Anonymous No.49287425]

>>49268900
So we still have more pain to come. Fuck

[Anonymous No.49287506]

>>49265737
https://www.youtube.com/watch?v=-_zCXN-Zz3Y

[Anonymous No.49287937]

I think that a lot of the problems with the market right now is that people are hellbent on building a community and making people ultra investing themselves in living a lifestyle out of a crypto
i mean don't get me wrong, i like a good community, but i think, in general, usecases are the most important, i mean take lovelace for instance, meta is going apeshit trying to buy it because they know their services are coming big for the next metaverse season

[Anonymous No.49288054]

>>49265737
everyone gets fired and loses their houses.

[Anonymous No.49288197]

>>49265737
I remember i was 18, working at a warehouse in 2008. I had only been there a few months and hours started to get less and less. One day they called us all into the lunch room. The fired us all. Grown men where crying. I didn't understand at the time I was too young. I started selling weed and never looked back

[Anonymous No.49288317]

Oh boy, I just got my first real job too
Looking forward to the poverty of the near future

[Anonymous No.49288516]

>>49265737
It fucks up people who are close to retirement and have a lot of stocks. So they understandably get scared move it into something safer because they absolutely need that money to pay their bills in retirement.
Then, if the pattern repeats, we see the Fed pumping stocks again (also creating inflation). The end result is that a huge chunk of people go from comfy middle class to lower middle class or poorhouse with no recovery prospects (because they moved to safe assets that don't really keep up with inflation). It also affects their children who probably would have received a decent inheritance if their parents didn't get wrecked.

[Anonymous No.49288977]

>>49288197
>Be me in 2008
>Be 12
>Working shitty fast food job below min. wage
>Lay-offs start
>Manager sticks up for me
>You can't fire anon, he's a good boy
>Keep shitty below-wage job during recession
>NewOwnership.jpg
>Notices legal issue with under-payed child labor
>Get preemptive back-pay for 10 months of work
>12 years old with check for $3k
>Buy an Xbox, PS3, and Wii
>Wonder what the big deal was about 08

My only regret was not buying more pokemon cards

[Anonymous No.49289055]

>>49265737
not going to happen right now
but will happen in late 2023-24
all that cheap money will take a while to exhaust
startups that raised money in 2021 are going to get 2 years of runway at least before collapsing
same for the rest of the economy

late 2023 early 2024 is when I would fuck off and go innawoods

[Anonymous No.49289116]

>>49272912
I don't see why anyone ITT thinks the fed has the stomach for another great depression. They'll reverse rates the minute the economy crashes and send this entire thing into hyperinflation.

[Anonymous No.49289252]

>>49265754
>You starve to death
I have 65 ounces of silver and 17 acres of land to plant food and raise farm animals on, no starvation for me

[Anonymous No.49289469]

>>49265737
Ineffective political protests by teenagers that then get coopted by whatever BLM/extinction rebellion/flavour of the month alphabet agency sponsored agitprop organisation happens to be picked, the grift continues, theres a war somewhere and people forget all about it and don't even wonder why their pockets are empty because they're too busy laughing/crying at make believe things on their phones

[Anonymous No.49289749]

>>49265737
Nothing. It will never crash.

[Anonymous No.49290167]

>>49289252
If it's not growing right now you're already dead

[Anonymous No.49290771]

>>49276894
It's a meme you fucking newfag.
t. 32 year old boomer.

[Anonymous No.49292400]

>>49277679
who the fuck would limit themselves to asking 60-yr olds how 2k8 played out?
pedantic and a faggot, kys sucker of cocks

[Anonymous No.49292433]

>>49280339
no, you're a gaydittor, it'c clear from your faggy speech patterns and the verbal diarrhea you think passes for rhetorical arguments

[Anonymous No.49292613]

>>49265737
Does anyone know exactly how far the housing market crashed back then?
I keep seeing articles that it lost a measly 15% or so which is hardly a crash.
If the current housing market crashes 15% that's still a fucking bubble if you ask me.

[Anonymous No.49293286]

>>49292613
15% was still enough to zero people out.

[Anonymous No.49293508]

Recessions are great if you're young and have a source of income. Everything is cheap, stupid boomers get shook and sell you their stocks/crypto for cheap.

Don't count on getting any gov money unless you're already rich, no matter who is in charge (dems,repubs are the same, literally just sports teams)

t. 35yo boomer, graduated college in 2009 during the recession, worked in a call center for 6 years, now millionaire

[Anonymous No.49293773]

>>49292613

[Anonymous No.49293990]

>>49292613
>it only fell 25% bro
>it only fell 20% bro.
>15% isn't a crash bro. 08 was a correction. Anyone who le hodled is doing fine.
What you are seeing is advanced terminal housie cope. See >>49293773

[Anonymous No.49294009]

>>49265737
based on your own image the only inferrence i can make is that you have less than one year left to prepare, because it falls in less than 9 months. that isn't enough time for you to buy all the tools and equipment you will need to run your farm, fix your cars and truck, that isn't enough time to have a well dug, have solar installed, have a fuel tank skid installed, have a potable water vessel installed. it's not enough time to convert everything into silver or gold. you won't have enough time to practice shooting.

you should have prepared in 2011 when everyone figured out the 2030 FEMA camp executive orders in the first place

[Anonymous No.49294014]

>>49293990
Bro. I want a crash. I want to buy.
Thanks for the info.
>>49293286
I can imagine actually.

[Anonymous No.49294025]

>>49293773
Thanks anon

[Anonymous No.49294042]

>>49265754
this
we blame the taxpayer for rampant speculation and reddit for meme stocks and the kikes get trillions in emergency funding

[Anonymous No.49294053]

>>49267934
look at this way, the shortages that will take us down a year from now started 2 years ago. the business sectors have had 2 years to build new factories, to meet regional demand for basic things like steel. you don't understand, there are no parts in the country for AC systems, there are no parts in the country for generators, there is no steel, and there is a shortage of rail freight axles since 2019. the corporations are not interesting in growing to meet demand, they had more than enough demand to save themselves.

the free market will not solve this, every home will need a workshop. you will have to cut your own parts or your homestead will collapse.

[Anonymous No.49294780]

>>49265737
The good news is that most people keep their jobs. The bad news is that you could lose yours and it will be harder to find new jobs.

I’m pretty sure we’re looking at a recession. I work in a top 10 global company and sales are awful. Consumers don’t want to spend and we’re scrabbling to do everything we can to keep sales.

[Anonymous No.49295410]

>>49265737
Maybe we will get Occupy Wall Street 2.0 in 2024. Maybe now that more people know WHO the real criminals are, we will win.

[Anonymous No.49295743]

>>49267787
>Can they even afford to do that

tHE BETTER QUESTION IS: CAN YOU AFFORD IT?

[Anonymous No.49297070]

>>49265754
/thread

[Anonymous No.49297369]

>>49295410
>Maybe we will get Occupy Wall Street 2.0 in 2024.
Sorry big protest spots reserved for identity-based grievances only.
Thanks in advance for your cooperation.