/biz/ - Business & Finance

[Anonymous No.49527217]

Will this actually be worse than 2008 or is it just a nothing burger?

[Anonymous No.49527288]

>>49527217
Anons in their mid 30s, what was 2008 like for you? I was a kid and didn't notice anything wrong (thought it was a great year actually.) How fucked was it really?

[Anonymous No.49527302]

>>49527217
There is a huge economic crash incoming, whether they let it happen or keep kicking the can down the line is what will determine whether or not THIS IS THE TIME

[Anonymous No.49527312]

>>49527302
I say keep kicking the can forever and let tomorrow's generation deal with it, good luck guys

[Anonymous No.49527313]

>>49527217
you seem to have forgotten nothing ever happens

[Anonymous No.49527316]

2008 was like 6.8 on the Richter scale

This will be a 9.2

[Anonymous No.49527321]

>>49527288

Apparently it was shitty if you lost your job or bought a house at the top, but I had a job and was a rentfag so wasn't really affected that much. There wasn't the huge rising inflation we're seeing right now that I recall.

[Anonymous No.49527327]

>more and more countries banning food exports
>energy prices marching higher with very little resistance
>absolutely zero legitimate source of new, robust, long-term supply of said energy coming down the pike because globohomos have set dates for the extinction of the O&G industry
>no, the demented retard begging the Saudis or Maduro for more production isn't going to do anything because it's not a robust, sustained, long-term supply because he has promised to extinct the O&G industry
>zero progress on ending the war
Let's see what happens when crude is at $200 a barrel.

[Anonymous No.49527342]

>>49527217
This is the most anticipated crash in all of human history. What do you think?

[Anonymous No.49527346]

Im not sure if you know this but 4chan is literally always wrong on everything

If this board existed in 2007 the entire board would be flooded with posts of people saying how rich they are getting from real estate

[Anonymous No.49527352]

>>49527312
seems to be what boomers are planning, they have made a mess and plan to die before dealing with it

[Anonymous No.49527358]

>>49527312
Anti-fiat schizos have never convinced me that we can't keep kicking it literally forever.
What does it even matter if we have to invent new -illions to describe it. It's the same shit.

[Anonymous No.49527360]

>>49527217
>Inflation like in the 1970s
>scarce energy
>wars
>people don‘t make ends means
>young people lost interest in life or professions
This is more like the 1930s, mate

[Anonymous No.49527370]

>>49527360
This is worst than the 1930’s, because people hate their countries and see no reason to improve them

[Anonymous No.49527398]

>>49527370
Commies hated Germany in the 1930s

[Anonymous No.49527415]

>>49527398
But the national socialists worshipped their country and culture
America has no culture or unity, just different factions with their own interest

[Anonymous No.49527418]

Nothing burger for 4-6 years since too much money for a long term recession, short term possible. Then people having way less kids so huge deflation but can take up to 10 years to develop, 1930s style though.

[Anonymous No.49527432]

every time regular pipo start investing the semites turn the knobs, pull the levers and viola another financial crisis.

[Anonymous No.49527435]

>>49527217
Way worse
And it hasn’t even begun yet

This will be an awful decade all around
You’ll start off with African states failing and descending into war over food
By 2025, you’ll likely have a European country fail. Greece, Italy, Portugal, Spain are candidates
China’s demographics are already catching up with it and by the time the decade is over, there is a good chance the PRC will collapse as a nation state

Ethnic and communal riots will descend into all out civil war in India by end of the decade

Anon, demographics don’t lie
You can manipulate everything in the world, but you can’t print more people.

[Anonymous No.49527447]

>>49527288
Only housecucks got fucked over, so no people got hurt thankfully.

[Anonymous No.49527446]

>>49527288
2008 was 14 years ago man. You would have to be at least 35-36 for it to have impacted you (i.e. graduating in 2008)

[Anonymous No.49527455]

>>49527327
Peter Zeihan says that a billion people will die of hunger in the turd world

There are only 9 missed meals between civilization and civil war

[Anonymous No.49527476]

>>49527415
America will be fine
Completely insulated from outside influence
Population has way too many guns for any invader
Tons of local energy sources

Its China that will collapse. They overcounted their population in the last census by 100M people
Fertility rate is 1.16
Bug people running out of hatchlings

[Anonymous No.49527481]

>>49527360
This is way fucking worse. Our demographics are a train wreck. Even if the first world had the same racial makeup the 30s did women have had extinction level fertility for decades. There is no parallel.

[Anonymous No.49527493]

>>49527435
Why would there be general civil war in India? I see another India - Pakistan/Bangladesh split happening to seperate hindus from muslims, but they're not spread around the country enough to cause a general civil war

[Anonymous No.49527525]

Actually the Bottom is near. stocks will hit a new high this year or early next year first. Then there will be a multi year bear market/slowdown period after. It will equivalent to 1980s. Not terribly bad imo.

[Anonymous No.49527543]

>>49527217
Worse than 1929. This is the end of the US economy's global dominance.

[Anonymous No.49527559]

>>49527493
Because majority of Hindus won’t fight. Has been a pattern throughout history.
Muslims are way more united. Its 250M muslims vs 1B hindus on paper. In reality, its more like 250M muslims vs 200M Hindus

Of course I predict Pakistan will collapse before that. They’ve got no money left and are 1 month away from being Sri Lanka
If Pakistan collapses, the border will be a steady stream of jihadis

[Anonymous No.49527577]

>>49527217
It's the end anon
>Middle east will collapse because of food shortages
>Europe will collapse because of mass immigration, energy shortages, and PIIGS Nations
>China is facing a demographic collapse and an economy focused on making shit for USA and Europe, while most their companies are garbage that steal all innovation from the west.
>USA is on the verge of a civil war,
>Canada, Australia, New Zealand are turning into 1984 + brave new world nations
>Africa will be in utter chaos and divide in tribal nations when all welfare dries up
>Japan will collapse because of too many old people and young Japanse are killing themselves or dropping out of society.

[Anonymous No.49527611]

>>49527398
That's not true. Read Darkness at Noon.

[Anonymous No.49527636]

2008 in America was nothing, people only lost what they did not truly owned.

t. Third worlder who lived to see 2000% inflation a year because liberals are fucking retarded.

[Anonymous No.49527650]

>>49527217
nothingburger probably. jews would never let the economy crash again

[Anonymous No.49527659]

>>49527435
>By 2025, you’ll likely have a European country fail. Greece, Italy, Portugal, Spain are candidates
PIGS are not the only country that will shit the bed in this decade. Look up external debt by GDP in Europe.

[Anonymous No.49527666]

>>49527288
it honestly wasn't anywhere near as bad as anyone says
though my portfolio was small
it was fucked for people who had big retirement funds who were about to retire (their lifesavings got slashed in half basically)
honestly it was fine
people recall it as this huge thing but as usual it was just a media frenzy for the most part FUDDING absolutely everything
think of how many millionaires it made in the years after it though, literal retard real estate flippers and real estate agents now have net worths of $5m-$10m
i hope everything dumps because it'll be a huge chance to get rich assuming your life is in a decent position and you didn't go all in at the top of everything.

[Anonymous No.49527667]

>>49527217
Mutts still have not realised its unironically over for not only their currency but the country itself

[Anonymous No.49527679]

>>49527659
If denbts mattered Japan would be gone already.

[Anonymous No.49527693]

>>49527217
It's already worse than 2008.
Last time it only fucked overleveraged boomers who bought big houses and 3 cars on a minimum wage income.
This one is actually fucking EVERYONE with inflation, your average wagie is just one bad event away from not affording food and gas, not just his mortgage payment.

[Anonymous No.49527694]

>>49527679
Nigger Japan has a) america backstopping it, and b) high productivity, and c) no inflation cause no population growth

Southern European countries have none of these AND their population is “growing” because of third world imports, not high quality native japs

[Anonymous No.49527701]

>>49527217
it is going to be different

developed economies will have a recession and inflation-deflation-inflation cycle that is going to go on for 3-5 years because of excess debt and deglobalization

china will have a Japan 1990 moment because their private debt levels are higher than US or Europe. they cannot just borrow 3 Trillion dollars every year to build railroads and commieblocks like they have been doing for the last decade. Yen weakening is going to cause a huge set of problems for PBoC

I am worried about actual third world countries because there is going to be arab spring vol 2 due to sovereign debt crises but it is unclear where

[Anonymous No.49527709]

>>49527577
Long India desu
If they can get rid of their communal problems

[Anonymous No.49527743]

>>49527346
we were right about chainlink

[Anonymous No.49527760]

>>49527312
>>49527358
Old people are massive drain on the economy.
The ratio of retired people/workers is skyrocketting.
This means more and more value produced is consumed without bringing anything back.
The inevitable result is dwindling growth and standards of living for millenials and zoomers.

[Anonymous No.49527761]

>>49527288
Bought houses at top, stocks crashed, my GM stock went to $0 and was delisted and fresh IPOd

[Anonymous No.49527782]

>>49527476
America is going to have another civil war within 10 years.

[Anonymous No.49527801]

>>49527679
What? Debt-to-GDP is a meme metric because GDP is a meme metric that assumes breaking windows and buying heroin is equivalent to buying houses and developing industry. Japan has one of the best net positions on Earth.

[Anonymous No.49527822]

>>49527432
its almost like they're trying to mass murder the goys

>>49527455
Zeihan spends most of his day spamming deep state anti-china propaganda on twitter, he doesn't know shit

[Anonymous No.49527831]

>>49527659

https://ec.europa.eu/eurostat/databrowser/view/tipsii20/default/table?lang=en

does not look that bad what are you on about

[Anonymous No.49527836]

>>49527694
>Southern European countries have none of these AND their population is “growing” because of third world imports, not high quality native japs
not really, population is falling or projected to start falling soon

[Anonymous No.49527840]

>>49527743
>spammed $1000 eoy all day every day since fall 2017

[Anonymous No.49527852]

>>49527288
i was a broke university student in 2008 and it didnt affect me at all. now i go to the store and every day prices are higher this is way worse than 2008 already. u guess if you had stocks or bought a house you got rekt in 2008 outside of that it was a nothingburger. now everybody is getting rekt by inflation and its only gonna get worse

[Anonymous No.49527853]

>>49527288
It didn’t affect me much. I was 20, working my part time job and in college. My job which normally gave me 24-30 hours reduced me to the minimum of 12 hours a week, which was fine since ai was working 2 jobs. Definitely less sales, we had a hiring freeze for like 3 years. What is coming in the near future will be really fucking serious though.

[Anonymous No.49527860]

>>49527701
what assets do i get to protect myself (other than series i bonds)?

[Anonymous No.49527888]

>>49527822
Can’t argue against China’s demographics desu
That’s a huge red flag

[Anonymous No.49527898]

>>49527217
nothing burger people are too comfortable. reminder that no one on here can see the future and to not take anything you read here too seriously

[Anonymous No.49527912]

nothingburger. Everyone keeps talking about some shit is gonna happen but all it is gonna be are higher prices of everything but not too high because goys would revolt otherwise. They will curb the inflation. Some 3rd world countries will be fucked because of less food exports from Ukraine and that will be it

[Anonymous No.49527921]

>>49527217
2008 was a nothingburger

[Anonymous No.49527927]

>>49527912
yep
and if you take advantage of the fear and invest in real estate/stocks/crypto while everyone is shitting themselves, it accelerates your 'making it' journey by about 10-20 years

[Anonymous No.49527936]

>>49527288
I was in college working in a restaurant. We didn't have inflation. We supposedly don't have subprime loans anymore but inflation and variable mortgages can make someone house poor quick.

[Anonymous No.49527950]

>>49527288
>Just turned 30
>Remember in 2008 my dad lost his job and then my mom did in 2009 (we live in a rust belt state)
>Dad worked odd trade jobs for a couple years and we were fine because cheap cost of living and frugality, just didn't take a vacation for a few years and I picked up a side job while in college
The difference is that everything is so fucking expensive now

[Anonymous No.49527965]

>>49527217
It's already worse. Spend your money on blow and hookers as it's going to be worth nothing soon anyway

[Anonymous No.49527974]

>>49527927
stocks and crypto more than estate as the latter is already inflated but i donßt see it dropping in value as much

[Anonymous No.49527990]

The pozzed ones will start dying (or it has already started) soon and until 2025 we will have a completely different world. This is why they try to keep the current system alive at all costs - they need an excuse, for when it crashes.

[Anonymous No.49528001]

>>49527288
retards and banks got fucked over really bad. If you were in business with one of the banks that got fucked over because they had or bought toxic assets then you got fucked really hard too.

[Anonymous No.49528006]

It really depends. Take the food shortages as an example. Headlines will read "Shortages in cooking oil". The fine print will say there is a shortage in 1 or 2 types of cooking oils. But there are like 7 or 8 types of cooking oils in the store. So if you just use a different oil then you don't really notice the """massive shortages of cooking oil at the store"""It is simultaneously an actual shortage and a nothingburger at the same time.

[Anonymous No.49528025]

>>49527446
Thats why he directed his question to people in their mid 30s

[Anonymous No.49528051]

>>49527346
>Im not sure if you know this but 4chan is literally always wrong on everything
Nice cope glownigger.
This site has been more prophetic than Alex Jones and Bill Cooper combined.
Just look around you, see the state of the world, all this shit was predicted rigjt here over the last 15years.
Kys kike

[Anonymous No.49528059]

>>49527288
i was too young too really see it happen as i was in uni at the time
but as other anons pointed out even as a broke ass student barely had problems, gas for cars was expensive for about half a year and the beer price got 2 big hikes but food was largely unaffected, which is in stark contrast to today
the one thing that did happen and we heard through older graduating people was that the labor market for fresh grads was totally fucked and finding out after 3 decades of get a uni degree and you are upper middle class that now you cant get any job is pretty bad
right after that began the terminal death spiral of the wagie as a life plan, i lived in western europe and right after the crisis saw a mass immigration of young educated med euros into north western europe that added to the no jobs problem
from that point on the negotiating power of wagies even degreed was permanently death and real estate started exploding, also work place conditions became terrible with more diversity and shoddier work standards
now we are reaching the end of that road, last time the pressure cooker was relieved because people could move to stable areas right then start a civil war in their own countries but now there is nothing left to escape too
its going to be fun when germany reaches 50% youth unemployment again with the roach infestation it has, its going to be mad max urban street gang fights like the 30's again, its a powder keg waiting to blow
i hope you accumulated enough to piss off somewhere isolated

and thats the optimistic scenario if you follow the zeihanist view its a permanent reduction in oil output mass starvation in the middle east and subsequent migrant waves on top of that

[Anonymous No.49528123]

>>49527327
>zero progress on ending the war
Russia is progressing very nicely towards ending the war.

[Anonymous No.49528150]

The true glimmer of hope should be obvious to those paying attention.
Literally, everyone is touting how bad this will be. Co-workers, media, every single person you meet. Try it yourself. Ask random people.
This, in itself, should tell you that it's not the "end".

[Anonymous No.49528198]

>>49527217

took over a year for thing to hit bottom in 2008, so yeah this could be worse if we keep going like this for a year

[Anonymous No.49528232]

>>49528198
i've seen a lot of predictions that S&P500 should hit around 3,000 which is probably about right
that's severe enough to be a pretty big happening and you can see it taking another 9-12 months to get there
that would make this a very bad recession/bear market but we're halfway there now and shit isn't falling apart
it's never as bad as people think.
just make smart plays, stay employed, and unironically zoom out and see the opportunity that presents itself to you and you'll make it

[Anonymous No.49528234]

2 more years. you will eat ze bugs and be happy

[Anonymous No.49528285]

>>49527852
This
Im a 2008 graduate and I dont remember empty shelves, gas and food going up every day etc...
This is way worse and this is just the beginning

[Anonymous No.49528291]

>>49527316
So 250 times worse?

[Anonymous No.49528322]

>>49528291
Yes.

[Anonymous No.49528361]

>>49527316
LIKE GRAVY TO POTATA
LUKE TA DARTH VADER

[Anonymous No.49528403]

>>49527217
This isn't anything like 2008. It isn't even like 1929. Back then the population was growing. Now it's in decline. This will be worse. Much worse.

[Anonymous No.49528451]

>>49528150
>>49528232
there is a very big difference between the system and its elite surviving and the average person on the street
from /biz/ perspective yes our speculative internet coins will probably come out of this ok and solid investments can soon be made
however for the average wagie on the street the future is fucked either way, he is about to be returned to medieval serf status, toiling for food and lodging while being permanently priced out of assets
make no mistake about it even in the most bright of optimistic scenarios for 90% of the people its going to be shit moving forward
and if it needed reminding less than 10% actively invests

[Anonymous No.49528462]

>>49527577
I think in Europe, it will be one of the East European countries, I am excluding Ukraine btw, that country is already over, from Baltics to Greece, all these countries are demographically over, completely, and it's not just demography, these countries have no use, they have nothing to offer, their existence as independent little "democracies" is meaningless, they are likely going to go bankrupt.

Forbes had an article recently in which it was advised that EU should enrich these countries by taking 5-10 M refugees from Africa, Arabia and Asia. This is likely going to happen.

[Anonymous No.49528503]

>>49528451
probably true, i'm pretty detached from reality at this point
i work from home (no gas), make $150k a year and have skills that'll always be needed. own my own place with no mortgage payments so don't even care about rising interest rates
pretty comfy but i admit i probably don't understand the effect this will all have on the average joe

[Anonymous No.49528505]

>>49527217
2 words
PRICED
IN

[Anonymous No.49528545]

>>49528505
show us your longs, nigger-jew

[Anonymous No.49528572]

it will be recession in EU and slow growth/inflation, ie stagflation for amerifags.
this marks the start of the waning of the eu and america as the rest of the world pivots eastwards.
the rest of the world will encounter inflation but growth remains fairly strong so nothingburger eastwards of EU.
tldr EU gets rekt, amerifags suffer but aint as bad as 2008, some pains but largely a nothingburger for the rest of the world

[Anonymous No.49528583]

>>49527217
I have a hard time believing that we're going to get a terrible recession when everybody in their grandmama is calling for one. The markets operate in a way to cause max pain for retail investors, the 2008 crash was not broadcasted in the slightest.

[Anonymous No.49528584]

>>49528572
t. 42 yr old euro boomer working in east. survived 2008.

[Anonymous No.49528592]

>>49527701
Iran had been facing massive riots and protests for last 4-5 years now, largely due to fuel, food and medicine costs, over 1000 people have been killed and 8k have been jailed. Covid hit them pretty bad too, around 270k died.

Recently Srilanka went up in flames, military had to be called for guarding fuel stations, food became unaffordable for most people, people literally burn the house of the prime minister, he had to resign.

[Anonymous No.49528597]

>>49527288

I graduated college in 2009. It was awful. Could not find a job for approximately six months. Had my boomer parents baffled that I couldn't find one without walking in and giving a handshake and sucking the boss's dick. They nearly kicked me out of the house, and it was a very stressful situation. Sent out dozens upon dozens of resumes and received no work or interest.
Got stuck in temp work for approximately the next three years doing soul crushing labor. Ended up working in warehouse after and my previous job was so bad that it was actually an improvement.
This current environment feels very similar to that. Only now I have two kids and a wife who just ran up a $3000 credit card debt without telling me and I have no choice but to cover it without my brokerage account.
Don't know what else to say except shit fucking sucks.

[Anonymous No.49528601]

>>49527288
Boomers kvetched EXTREMELY hard because muh home value, and tightened spending caused some job loss. It wasn't terrible though, really. Just a little tougher for a couple years, followed by several more where got a little better but felt to not actually be improving. People who expected line always go up in RE are the only ones who got badly burnt.
Right now feels way worse. Like the end of 2007 at quarter speed and 10x intensity. Everything seems to be at the cusp of failure.

[Anonymous No.49528605]

>>49528583
The 2008 crash wasn't actively spurred on by every government in the world.

[Anonymous No.49528627]

>>49528572
East is gonna have a demographic collapse this decade.

[Anonymous No.49528632]

>>49528597
>and a wife who just ran up a $3000 credit card debt without telling me
Slap her and never give her access to money again.

[Anonymous No.49528641]

>>49527217
2008 was a nothing burger compared to what is going to happen now. Back then we had multiple tools to delay the balloon burst, now we have none and the balloon has gotten way bigger.

I repeat: We have ZERO tools to prevent what is going on right now. NONE. We can't even slow it down. We are just passengers now so enjoy the ride, brother.

[Anonymous No.49528646]

>>49527446

[Anonymous No.49528682]

>>49528291
>>49528322
9/11 times 100

[Anonymous No.49528689]

>>49528605
That's debatable.

[Anonymous No.49528693]

>>49527435
Greece already failed LMAO.

Italy, Portugal and Spain will be kept afloat by rescue packages by other EU countries. If anything, one of the "wealthy" countries (Finland) will fail because there's nothing backing their status as a wealthy country. The second they lose their AA+ credit ratings, it's over.

[Anonymous No.49528698]

You have to believe in your investment, stake and relax. Pretty much all we can do out here boys. I'm going to stock up on more hedera because the foundation is killing it. Literally all you can do.

[Anonymous No.49528704]

>>49528641
Use of those tools in 2008 and 2020 is why we're here now. I thought it was utterly insane both times, to bail out all those companies and helicopter money. Better to let them burn and let the currency deflate for a year or two.

[Anonymous No.49528713]

>>49528583
The 2008 crash happened because banks and rating agencies were committing fraud which was much harder to detect.
This time they literally closed half of the economy for 2 years and kept it on life support by printing trillions in front of everyone.

[Anonymous No.49528721]

>>49528403
This. According to my research and calculations around 60% of the zoomers born in 2000s will never ever have kids. In next 20 years US will be completely change, I mean radically, second amendment will likely get nullified, and US will be a lot more poor, corrupt, violent and dysfunctional. Non hispanic whites will be 40% of population by then.

[Anonymous No.49528739]

>>49527358
The answer is simple. What happens when the Fed essentially margin calls our Treasury? They can do that, it's not our money.

[Anonymous No.49528752]

>>49528693
Yeah Greece is a meme country now with a median age of 46, they are over demographically and have no future, Balkans should be given back to Turkey unironically.

[Anonymous No.49528755]

>>49528713
Which is worse?

[Anonymous No.49528785]

>>49528752
At least their fertility rate (1.4) is better than Italy, Spain or Portugal which are all below 1.3 kek

[Anonymous No.49528803]

>>49528693
Italy and Spain are China tier in terms of Demography, with Fertility rates of 1.2 and 1.1 respectively. Italy has lost like 2M of it's population since 2014, people here have given up, they have nothing left to offer, specially in spain no one wants to work anymore, these countries are surviving on gibs.

[Anonymous No.49528813]

>>49528755
id guess fraud is actually worse on the grounds that markets seem to operate so heavily on trust. the pandemic will end worse if it has something akin, like if it became public knowledge that the vaccines were not what was advertised

[Anonymous No.49528814]

>>49527288
Parents lost their job. My college went bankrupt while I was attending mid semester. Parents couldn’t give me a ride anymore so I loaded up on student loans

[Anonymous No.49528830]

>>49528752
>Yeah Greece is a meme country now with a median age of 46, they are over demographically and have no future, Balkans should be given back to Turkey unironically.
Turkey yeah lmao, with inflation 140%

[Anonymous No.49528875]

If there is a recession how do I personally profit from it?

[Anonymous No.49528886]

This is 2008 you are living 2008 every day. Nothing has recovered or gone back to trend.

[Anonymous No.49528909]

>>49528803
Yes and they will keep surviving on gibs. If any of those "big" countries fail, the EU will collapse and (((they))) will not let that happen.

[Anonymous No.49528921]

>>49528875
buy the dip with money you can put aside for years
work hard, develop useful skills and see your income soar when things turn around eventually

[Anonymous No.49528936]

>>49528803
all euro countries have similar fertility rates, the official numbers just show how many arabs are leeching on gibs there
> they have nothing left to offer
they will soon have a lot to offer, after the formerly rich countries go under and the gibs dry up

[Anonymous No.49528958]

>>49527288
I was 19 working 3 part time jobs just to pay for a shitty studio in the bad part of my city. Couldn't afford a car so I took metro everywhere and bicycled. All year round in northern winters. There was no full time employment anywhere for young people. It was hell. I ate out trash cans from restaurants some times. Oh yea I was in college part time paying my way through. Truly it sucked things aren't bad yet. There's still work. Now I'm old have 30K in the bank with a useless bachelor's degree. There's no hope for zoomers. Us millennials are fucked and I'm considered well off for millennials now. No hope, no future.

[Anonymous No.49528971]

>>49528830
Their economy is ruined but socially they are still way more alive. They can build up economy over time, countries like Greece and Bulgaria or whatever the fuck are all old and obsolete, same is true for baltic countries, their is literally no point of their existence. Nobody cares about your 2M population with half the population over 50.

[Anonymous No.49529007]

>>49528830
Their economy is down the shitter but socially they are still way more alive. They can build up economy over time, countries like Greece and Bulgaria or whatever the fuck are all old and obsolete, same is true for baltic countries, their is literally no point of their existence. Nobody cares about your 2M pop country with half of it over 50.

[Anonymous No.49529040]

>>49527217
far worse. 2008 was an oil crisis but we stabilized it thanks to investment in more expensive fields such as tar sands and shale.

now we have a new oil crisis in 2022 but this time there is no new investment, no new fields coming online. that means supply will just keep going down, collapsing the economy.

[Anonymous No.49529046]

>>49527312
Mf'r that's why we're in the place we are now lmao.

[Anonymous No.49529053]

>>49527288

>2008
>first job out of college
>got shitcanned
>moved to Miami
>lived in an entirely empty building with my dad
>you could buy a condo for the cost of a Toyota but no one had money to buy them
>down to my last $2k
>got a job making shit money and rebuilt

[Anonymous No.49529071]

>>49528632
Unironically this

[Anonymous No.49529077]

>>49527217
if it isnt then the next cycle will actually end the US. everytime the US pushes this (same) economic issue down the road it gets more and more apocalyptic

[Anonymous No.49529094]

>>49527302
If a crash is coming it will make both BTC and USD worthless, so should one keep value in crypto or USD?
This is what I don't know.

[Anonymous No.49529123]

>>49528830
Their economy is ruined but socially they are still way more alive. They can build up economy over time, countries like Greece and Bulgaria or whatever the fuck are all old and obsolete, same is true for baltic countries, there is literally no point of their existence. Nobody cares about your country with 2M pop with half of it over 50.

[Anonymous No.49529144]

>>49528462
can a mutt not give out shit opinions about europe for 1 day?

[Anonymous No.49529180]

>>49527636
Nah,the recession was definitely felt by majority of the working class during 2008.

For me, personally, rhat's when things in my family got really bad. Dad lost his business and my mom for the first time in her life was forced to get a job so we wouldn't lose the house.

Lots of fighting and arguing occured between my parents and resulted in them getting divorce.
Dad went from being a relatively calm adult to a manchild who seemed like he was constantly pissed off 24/7 and hated his life. Would always blame me and my brother for things we had no control over financially.

family vacations stopped and we skipped Christmas for a few years.

If we experience another recession, I'll be ready since I had to live through like what?
4? 5 by now?

[Anonymous No.49529207]

>>49527288
I worked a shitty minimum wage job. I remember that a lot of people with PhDs and masters degrees in their 30s and 40s started working alongside me for shit pay. They looked absolutely defeated

[Anonymous No.49529212]

>>49529144
Cope Eurocuck, prepare your anus for the winter.

[Anonymous No.49529213]

>>49527217
I had to change my career path. I graduated civil engineer in 2009. Other than that I didn’t notice much. My parents had stable jobs and the hose they live in they had had for 15 years already

[Anonymous No.49529235]

>>49527288
If you weren't directly exposed through losing your job or having a shit mortgage, it was pretty rad actually. Rent prices were low as fuck for urbanites, everything was cheap in stores.I turnt 18 in 2008 and remember how cheap I got constantly shitfaced.

Now not only markets suck everything is getting more and more expensive, truly the worst of both worlds.

[Anonymous No.49529298]

>>49529235
Back then inflation was absent, there was no supply chain problem, country was still quite socially sane, housing wasn't as bad as it is now.

[Anonymous No.49529323]

>>49529235
There was no work though sounds like family helped you alot

[Anonymous No.49529351]

>>49529323
my dad has a small company that does critical stuff that is needed no matter what happens, so yeah we were good. And as a college student I obv didn't work, had no time for that studying mech engineering.

[Anonymous No.49529604]

>>49527312
Nope. This is the final boomer's "fuck you" they can give to us on our way out. We kept them alive during a flu that would haev removed them at the expense of our economy. They put in mandates for clotshots for the young. They have ruined an entire generation of children. And they're already pretty much dead so they don't care

Insane to think about really

[Anonymous No.49529674]

>>49527217
We can recover, but we need the headwinds to go away, which means we need a way for people to stop being retarded when it comes to le meme flu, ESG, political issues, etc, and to put their heads down and get some work done.
Not sure how we get there?

[Anonymous No.49529750]

>>49527288
It was scary because not only were assets going down, but people were losing their jobs. At my workplace they told a lot of people to stop coming in on Fridays and cut their salaries to 80% of usual. That lasted quite at while.
Some other people, who were more productive, were asked to stop coming in every other Friday, and their salaries were cut to 90%. And the best people were not asked to do anything, and kept working every day at 100% salary.
Pretty weird to see them doing something so merit based. I wonder if that would fly today.
Right now feels worse in a different way because, every time I go to the grocery store, my bill is higher than last time. $100 feels like such a smaller amount than it used to. There was nothing like that in 2008-9.

[Anonymous No.49529841]

>>49527217
its fine think 50% of 2008
but if china pew pew taiwan then it wont be fine

[Anonymous No.49530068]

>>49528597
Take out another 3k and spend on hookers, it helps.

[Anonymous No.49530079]

>>49527476
>Its China that will collapse.

[Anonymous No.49530186]

>>49527217
Every single crisis that has come along for the past 40+ years, all the governments and central banks have done is kick the problem down the road. So every time there is a new crisis, it is always bigger than the last as the faults in the system accumulate and the patchwork of "fixes" are showing their cracks. Sooner or later as these faults get bigger and the government/banks runs out of ideas (they literally just make it up as they go along), the dam is going to break. It might not be this crisis, but whatever "fix" they think of to keep their heads above water this time will only make it worse in the next crisis 10 years from now.

[Anonymous No.49530187]

>>49529604
Final blackpill

[Anonymous No.49530277]

>>49529604
https://fred.stlouisfed.org/series/LNU00074597
https://rumble.com/v181zpd-ed-dowd-september-cpi-will-be-9-10-massive-uptick-in-disability-claims-sinc.html

[Anonymous No.49530360]

>>49527217

whats coming will make 08 look like a bull run. My advice is to short the entire US economy

[Anonymous No.49530453]

>>49528503
My advice to you as a poor person in between two of the largest cities in North America: don't have any displays of wealth visible from your street.

[Anonymous No.49530663]

>>49530186
good then I’ll have 10 years to make it. comfy

[Anonymous No.49530781]

>>49527288
I made the most money off paid to click sites as the owner

People needed to make money from home, they were desperate enough to look ads for pennies

This will all repeat in crypto

[Anonymous No.49532222]

>>49529841
I honestly believe Ukraine and Russia delayed that for a few years. The only way China is gonna have an easy time is by bombing the shit out of Taiwan but there would be no point

[Anonymous No.49532284]

>>49527288
My parents were both employed continously so we didn't notice. House was already paid off and no debt so sat comfy.

[Anonymous No.49532315]

>>49527217
This is the Jewish end game. They will cause Great Depression 2.0 and then have the world reset into the NWO globohomo

[Anonymous No.49532320]

>>49527288
Only rich crackers got fucked so it was a good thing. If you were a working class man or some illegal immigrant you were fine. Only faggots that owned stocks and houses were fucked. Rent chads rode out that recession smoothly.

[Anonymous No.49532330]

>>49527360
>This is more like the 1930s, mate
This is true because the inflation and qt of fed could bring out a long multi year slump where stocks and equities lastly crab and wages purchasing power suffers.

[Anonymous No.49532465]

>>49528001
"The banks got fucked" please be shitposting - banks were bad actors, a few were sacrificial lambs while the big boys were given dump trucks of $. Those that did shut down got off easy, should've imprisoned the lot and set those faggots to decades of hard labor.

[Anonymous No.49532471]

>>49527694
Falling support ratio is inflationary

[Anonymous No.49532501]

>>49527760
And while the boomers suck us dry they will demand taxes and land prices are kept high.

[Anonymous No.49532535]

>>49527352
That was always the plan

[Anonymous No.49532568]

>>49528682
So 900/11?

[Anonymous No.49532632]

>>49528601
I was working through 2008. Literally didn't notice it.
Was sad that they bailed out the banks and housing. Lost all faith in the financial system.

[Anonymous No.49532645]

>>49527288
I was 18. Saw lots of people lose their jobs and their homes that they just bought. It wasn’t apocalyptic or anything but it was bad. All my friends delivered pizza. I joined the infantry instead. A lot of people had no choice but to enlist.

This time though, I think it’s gonna be worse. Like a lot worse.

Like, “Siener Van Rensburg was right” kinda worse.

[Anonymous No.49532672]

>>49528704
Exactly. They encouraged massive misallocation by propping up rentiers. I hope this time they hang them in the public square.

[Anonymous No.49532719]

>>49528886
Yep and the printing via land began in 1997, leading to 2008. Normality ended in 1997.

[Anonymous No.49532721]

>>49527217
was studying and living the best time of my life, read about the crash in the newspaper but it didnt affect me or my family at all, i didnt know about trading back then and the generational opportunity these crashes create. you can be sure i am now watching this dip ready to slurp

[Anonymous No.49532726]

>>49528601
It has actually failed. It's just unfolding over weeks, not days. Most of the world doesn't move at crypto speed.

[Anonymous No.49532757]

>>49529094
crypto is crashing way more than usd now. but in a year you'll gain massively

[Anonymous No.49532794]

>>49529674
You get there by making work pay more than rentier activity

[Anonymous No.49532808]

>>49527288
I didn't graduate until 2010 so by the time I got out of school and started looking for jobs things were already on the upswing. The job market was still a big rough then though, I had to slum it in paid internships even after graduating for awhile until I landed something.

[Anonymous No.49532861]

I just woke up, what the fuck is happening?

[Anonymous No.49532869]

im so scared i hope its a nothingburger i think im gonna be ultra anxious and depressed until 2024

[Anonymous No.49532886]

>>49532861
Bruh you might as well go back to sleep. Real day to panic is Monday market open plus or minus two hours, save your panic for then.

[Anonymous No.49533062]

>>49527288
Family lost the house mortgage rate went from 2k a month to 4k a month

[Anonymous No.49533069]

>>49528001
>banks got fucked over really bad
you have to be joking nigger

[Anonymous No.49533071]

>>49532568
>fuck, this guy knows his stuff

[Anonymous No.49533121]

>I-I-ITS GONNA HAAAAPPPOOOOON!!!!!!!!

Nothing ever happens all this doomer shit is a projection of your subconscious realization you are a failed and broken human 90% of the time. Yea shits bad but guess what the wheels just keep on turning.

[Anonymous No.49533190]

>>49527217
This is going to be 2000 + 2008.

[Anonymous No.49533236]

>>49527288

If you bought the top of housing and lost your job you got fucked. If you chose to not get a job you missed out on the greatest transfer of wealth in history. 16 trillion dollars in lost net worth for consoomers and boomers.

The young people who played it right became 30 year old boomers. We bought 3,600 sqft on a household income under $50,000. It was literally the American dream, Cashiers, fast food workers, car wash attendants, and parking valets were able to buy houses if they weren't idiots with their money. For a solid 5-7 years all you needed to do was hold a job and buy a house, then you got to live the rest of your life as though you were a true boomer.

I was a financial retard that didn't know anything about the markets, but I knew people were selling off personal possessions just to stay afloat. I could afford to buy a pinball machine and a 500 booster magic/pokemon collection every month, so I did until I ran out of space. (But I had a LOT of space).

This doesn't feel the same. Financial assets are correcting and rebalancing, but we don't have massive defaults and lost jobs yet. Everything is more expensive but people can afford their mortgages. It really feels like it's all the pain with none of the potential gain. I hope I'm am wrong and we get a proper price crash catastrophe so young people can get in.

[Anonymous No.49533253]

>>49527342
Exactly, this is probably the bottom right now.

[Anonymous No.49533577]

>>49532886
I wish I could hibernate during the bear market and only wake up to buy the very bottom and keep hibernate until we make it

[Anonymous No.49533640]

>>49528006
We live in a world of half truths. That’s why everything is so fucking confusing because most people don’t even know they’re lying.

[Anonymous No.49533724]

>>49527312
The real question is why do we have to play this game and follow the rules of the Jews. So fkn what if money supply is high and we owe a bunch of debt. Just start a new money supply and ignore the debt. Why do we have to sacrifice our livelihood for this kaballistic dark financial magic

[Anonymous No.49533738]

>>49527288
We never really recovered from 2008 so this is already worse.

[Anonymous No.49533752]

>>49533724
And the one day for no reason at all.....americans sat on millions of arms and never used one for good. Dark times ahead fren.

[Anonymous No.49533755]

>>49527288
34 here. Didn't really affect us. Dad was working in the trades and making great money, always had great job security. Even if he quit one job he would have a new one the next day. Dad also didn't invest much back then, and now he's actually a great investor. 90% of his assets are in cash right now. He thinks it will get worse before it resumes going up.

[Anonymous No.49533777]

>>49533755
Based my dad wasted millions at the race track

[Anonymous No.49533811]

>>49527217
way worse definitely. back in 2008, millennials still got off their asses and worked 3-4 jobs to get by. these days, zoomers would rather sit at home and do nothing as the world crumbles around them expecting daddy biden to give them a kiddie allowance every week. when they realize this won't happen, prepare to see homelessness, breadlines, store riots, total chaos occur on a scale yet unforseen. the live streams in big, municipal cities will be glorious, that's for sure

[Anonymous No.49533845]

>>49528601

Too bad the housing market won't crash anon. Housing market go up forever upwards.

[Anonymous No.49533863]

>>49533811
true

[Anonymous No.49533862]

>>49529053
fuckin remember telling my boomer parents to buy two floors in Brickell at the time. They bought a fucking Murano and a comically dumb house in Canada instead. Separating your boomer parents from their money is the greatest kindness you can possibly do because they will literally fucking squander it on shitty mexican cars and all inclusive vacations.

[Anonymous No.49533890]

>>49533811
To be fair, millennials still believed the whole “work hard and pull yourself up by your bootstraps” boomer meme at the time. We didn’t become fully jaded until later. Zoomers have always been jaded though. We thought we had a chance. Zoomers know they never did.

[Anonymous No.49533904]

>>49533890
this

[Anonymous No.49533934]

>>49528601
Boomers are obsessed with their home equity values because they LOVE to take out home equity loans to buy more houses or just to move around for a luxurious change of scenery to un-dull their worthless lives. Btw, they do ALL of this to please their used-leather goods of a 5th dumbass Karen wife so she can flex on all of the other dumbass, ex-divorced co-Karen cunts.

[Anonymous No.49533937]

>>49532568
if 9/11 is 0.81 recurring, this will be 81.81 recurring.

Use this information wisely

[Anonymous No.49533955]

>>49533934

Housing market won't crash anon. Sorry you will be outpriced forever. Its like Klaus said. You will own nothing and be happy.

[Anonymous No.49534008]

>>49533890
Yeah I think us millenials were the last generation to fall for the "work hard" meme. Zoomers are 10x lazier but I understand their feelings of hopelessness.

[Anonymous No.49534014]

>>49527346
4chan was the first place I even heard about coronavirus. I made 30k by buying SPY puts.

[Anonymous No.49534047]

>>49533862
My mom just inherited about 100k and my parents are plowing through money like there’s no tomorrow on prepping shit. Only time will tell if any of it will come in handy. Guess it’s better to be safe than sorry, but it worries me because my parents have been fucking retarded with money their entire lives and they think they’re smart. Idk man... fucking boomers.

[Anonymous No.49534077]

>>49533955
Of course it won’t crash, Boomers gonna boom till the day they die. I can see what lies ahead

[Anonymous No.49534103]

>>49527888
>muh China demographics
Why do you think they are in Africa? I bet tens of millions will immigrate from Africa to China in coming years.

[Anonymous No.49534204]

>>49533121
sooner or later wont it finally happen though
it has happened before

[Anonymous No.49534228]

>>49527288
I remember seeing a whole family going to busy parking lots and sitting in empty spots to sell to tourists. Their kids would find one then the parents would find another. Have like 7 kids that's seven spots for $5 to sell to someone.

Saw this on a school day and three white families were doing the exact same scheme on the same lot. If you weren't making money at 7, you were a burden to the family.

[Anonymous No.49534248]

>>49527288

The company I worked at no longer got any customers and went under.

[Anonymous No.49534344]

Russia won, so a nothing burger
Soon everything goes back to normal, and the bull market continues
Hope you stacked on the dip of pic rel

[Anonymous No.49534347]

>>49527288
i am greek and i will suffer because of this crash till i leave the country
can't imagine how shitty it will be after the current crash
i kinda hope we default instead of kicking the can down the road

[Anonymous No.49534364]

It's going to be pretty bad but not civilizational collapse bad. No real solution to inflation without crashing the economy and we're going to get layoffs while gas and consumer goods are goint to continue to rise in price. I'd at least get out of a city if you can, crime is going to continue to go up.

[Anonymous No.49534418]

>>49533755
>tradesman dad didn't buy the dip
>thinks market will crash

sounds like we're bottomed out

[Anonymous No.49534458]

>>49534204
Depends what you considering a “happening” anon. Maybe we’ll see another occupy Wall Street, January 6th type event or some riots but none of that stuff did jack shit to change our situation in the long run. Short of burning down banking infrastructure and hanging some politicians I don’t think anything will change. I don’t even want people to die but at this point the power structures have gotten so cocky they literally will diddle kids on a private island allow the goyim to find out about it and just say “never happened your a conspiracy theorist now get back to work slave”.

[Anonymous No.49534504]

>Be me, 22
>No college degree, only HS since colleges are too expensive these days
>Trying to find a job, places are shutting down left and right since nobody wants to work since inflation and "MUH I WANNA BE AT HOME WITH MY FAMILIES"
>Make things worse the last job I had mostly had to make me 40h/pw due to mostly people are leaving - place is now in the progress of shutting down
>Can't even find a house in my state let alone an apartment due to how high things are
>Already know that it's going to get worse, can't even afford a decent car due to gas reaching 10$ in some places
>State already threating secession


It's fucking over, I can't even get a fulltime job due to how fucked everything things are. Any Gen Z retard nor boomer who thinks everything is fine is full of shit nor is too soft in their own money/wealth to care. I'm reaching to the point where if a civil war happens and if the faction allows free houses nor more jobs then I will fucking die for it.
>pic related

[Anonymous No.49534531]

>>49527288
I was already kinda poor, that meant that traveling to the beach and other fun stuff slowly and steadily became rarer. My stuff got older and buy new clothes or for example lego, in fact were i live it became unavailable, was rarer, it was a golden time to play pirated game in the old pc and those are the years i became a regular in 4chan. In general i never noticed until things became a bit better and was able to earn some money.

[Anonymous No.49534568]

>>49527312
You'll be dealing with it when your entire retirement is wiped out and you're too old to work

[Anonymous No.49534673]

>>49527476
>America will be fine
Hi Peter. China's demographics are fucked though, no doubt about that. I can't think of a worse inverse triangle in history.

[Anonymous No.49534682]

>>49534103
>I bet tens of millions will immigrate from Africa to China
lmao chinks aren't going to let niggers in at any number

[Anonymous No.49534693]

I think the biggest open secret is that if everyone is expecting a crash then its not gonna happen. Right now everywhere I go I see people expecting a crash. I think we'll be fine.

[Anonymous No.49534721]

>>49527288
I was deployed so the only thing i remember from back home was 18-1

[Anonymous No.49534727]

>>49527217
Ask liberals. They’re the one pushing shit. Shit would be over if they stopped.

[Anonymous No.49534790]

>>49528451
>medieval serf status
Medieval peasants had much higher standards of living than modern poors

[Anonymous No.49534801]

>>49534727
>le red team vs blue team
Both parties are just a different side of the same Jewish shekel/power structure

[Anonymous No.49534837]

>>49534801
>trump: gas 1.6$
>Biden : 9$
>OMG!!! They’re both the same!!!!

Kys

[Anonymous No.49534838]

>>49528462
I agree that your opinions are shit.

[Anonymous No.49534880]

>>49533811
>zoomers would rather sit at home and do nothing as the world crumbles around them
DUDE JUST WORK FOUR JOBS LMAO

[Anonymous No.49534887]

>>49534458
good i dont want change i just want the market to keep going i dont care how unfair it is anymore
it would be nice if housing prices crashed but as long as the snp averages 10% a year i dont care about anything

[Anonymous No.49534913]

>>49527288
Why are you asking anons in their 30s? They were a bunch of kids in 2008, they didn't have an actual career yet (flipping burgers does not count)

[Anonymous No.49534998]

The fact all 6 of those words are tickers is hysterical

[Anonymous No.49535014]

>>49534913

Burger flippers could buy houses from w
2008-2014. Literally 30 year old boomers.

[Anonymous No.49535070]

>>49528291
>6.8 * 250 = 9.2
Based retard.

[Anonymous No.49535267]

>>49527288
graduated in '09. the economy of my country crashed and burned(pic related) and i ended up in my old summerjob doing gardening work. still there today actually, since its fairly comfy and i dont like changes, i guess. and since i wasn't a homeowner(as in, a mortgage holder) it wasn't too bad. it was mainly bad mentally to begin with, because of the pressure to get a degree-related job but finally i gave up applying and wrote it off.

[Anonymous No.49535274]

>>49527288
If you had just graduated it was impossible, and I mean impossible, to get a job. Nobody would employ you. I'm fine now but spent my early twenties on benefits and feel like it's scarred me for life.

[Anonymous No.49535281]

>>49527476
US fertility is lower than that if you only count actual americans

[Anonymous No.49535423]

>>49527217
its already worse you blind retard

[Anonymous No.49535975]

>>49534880
lol you niggers can't even work one part time job without creating a tik tok vlog about muh mental illness, i can't stand meanie customers WAHHH. it's over. enjoy your new tent. hope you find one big enough for you and your parents

[Anonymous No.49536046]

>>49534693
People were expecting shit to go tits up in early 2007 already, and then it did go tits up

[Anonymous No.49536136]

>>49535070
Moron

[Anonymous No.49536338]

>>49535975
project harder BoomerLite golem, look at the monkey wearing his wageslavery as a badge of honor. It's ironic because Zoomers are doing better economically than M*llenials when you compare by age.

[Anonymous No.49536365]

>>49527288
In 2008 I was about 20 years old. I had a year ot so of community college under my belt and had worked a few different manual labor gigs that paid well but I was having a hard time keeping my truck running. It was a $1000 pos. I eventually got a $800 car that was old and run down but was at least reliable. Got a job making $13 an hour and I was thrilled. I had nothing invested at this point but was just starting to make some money and was saving. I didn't know anyone invested in the markets except my boss. He was my age and was making a killing in his business and he was losing a bit of his money in the stock market. But he seemed fine. My parents didn't seem too worried they were not really invested in anything either. And they didn't lose employment from what I could tell. This scenario in 2022 seems much more problematic. Everything is unaffordable now. Wages haven't gone up much since 2008

[Anonymous No.49536471]

>>49528451
>returned to medieval serf status, toiling for food and lodging while being permanently priced out of assets
hasn't this already been the case for the last 10 years? and frankly most wagies are only too happy to spend what little they have anyway.

[Anonymous No.49536621]

>>49535070
Richter isn't a linear scale, dumb fuck

[Anonymous No.49536705]

>>49527217
We are unironically going to go through something that makes the Great Depression look like the fucking roaring 20’s. Wanna know the most quacky part of this? The old fucks in office and banks and all that seem almost proud of themselves for doing it. I can only hope I one day see their cadavers nailed to a cross or dragged through the streets as the mess they made creates the global chimpout of a century.

[Anonymous No.49536745]

>>49534693
The final cope. In January everyone was claiming new paradigm, this time is different. Now there's a dreadful unease in the common man, but I am STILL seeing a huge number of articles about how the bull run will resume any day now, your assets are safu, this is the bottom, never been a better time to buy. It really feels like an organized exit pump before big boys let it die.

[Anonymous No.49536778]

>>49527288
The big short has grossed more money than people have lost during the "great financial crisis"
By now it's mostly a Hollywood fabrication fueled by nostalgia.

[Anonymous No.49536790]

>>49527346
>If this board existed in 2007 the entire board would be flooded with posts of people saying how rich they are getting from real estate
Yep, they do the same thing these days with shitcoins, always right before they crash too.

[Anonymous No.49536835]

>>49527327
>Let's see what happens when crude is at $200 a barrel.
Way less what people would anticipate.

[Anonymous No.49536852]

>>49533253
kek

[Anonymous No.49536880]

>>49527743
Chainlink has crashed multiple times HARDER than housing did after 2008.

[Anonymous No.49536937]

People don’t realize how bad it will be for us if the dollar loses reserve status. Close to 90% of the country has jobs that are either directly importing goods for exported dollars and selling them to other Americans, or importing those same dollars and investing them. If countries start to prefer gold or euro or yen for reserves then we are just royally fucked.

[Anonymous No.49536965]

>>49529094
You want hard assets, food, farmland, fuel, and metals. Things you can trade will be kings soon,>>49527217
This is going to be worse then 2008, 2001, the 70s and 1929 all together.

[Anonymous No.49537026]

>>49527525
I expect similar, however my guess is that SPX ~4800 was the high of this decade.

[Anonymous No.49537102]

>>49534693
Lmao, just LMAO

[Anonymous No.49537107]

>>49537026
We will see another 95% drop before the bottom!

[Anonymous No.49537131]

>>49527801
This.

[Anonymous No.49537133]

>>49534693
the 4chin contrarian.
lazy thinking.

[Anonymous No.49537153]

>>49536965
Nothing makes me reconsider like unironic two more weeks doomposting.

[Anonymous No.49537178]

>>49537107
What a load of bull.
What's the incentive for people to offer their stock 95% lower than today?

[Anonymous No.49537196]

>>49536835
What do you mean? Police departments have already stopped responding to calls because of no fuel budget. Diesel prices have made everything more expensive, and gas prices are inversely proportional to consumer sentiment. Every $100 someone spends on gas they DON'T spend on discretionary spending.

[Anonymous No.49537204]

>>49533811
Those things are only allowed when (((they))) need them to happen. This time with the great reset nearby, any protest will be merciless crushed. What's going to come is CBDCs with a social credit score

[Anonymous No.49537254]

Read up for an explanation on how fucking bad it will actually be.
https://surplusenergyeconomics.wordpress.com/2022/06/09/231-short-and-sharp/

The entire blog is a goldmine, big thank you to the anon who was the first one to post it in some thread. ECoE rising is irreversible unfortunately, at least with our current tech

[Anonymous No.49537258]

>>49527288
Not in my 30s but I still remember. House owners that bought at the top got fucked. Lots of people lost their jobs. Bank runs in my country and many people had their savings evaporate. Compared to CURRENT YEAR + 6? 2008 was a field trip. At least back then when you went to do groceries, prices didn't hike every time, like nowadays.

[Anonymous No.49537313]

>>49528006
Great post.

[Anonymous No.49537331]

>>49527836
No really. Being in the P of PIGS our government is doing everything they can to flood us of soccer ball kickers and plastic booties from brazil and africa

[Anonymous No.49537333]

>>49537178
derivatives bubble!

[Anonymous No.49537395]

>>49527217
This particular bear has been more frustrating cos only my DeFi investments seems to be doing so well.
As Equilibrium DeFI launches EQ token I shall get on more tokens to have better chances at crowdfunding programs on their DEX.

[Anonymous No.49537410]

>>49534693
Literally everyone is complacent right now

[Anonymous No.49537428]

>>49527288
It didn't affect my low income wagie job but everybody talked about it, even my lukewarm IQ aunt who told her children bedtime stories about it. My friend bought the dip but I didn't because I wasn't buying stocks back then.

[Anonymous No.49537444]

>>49527217
Way worse.

[Anonymous No.49537493]

>>49528597
My husband racked up over $1000 on PHONE GAME DLC/CURRENCY. The only reason it stopped was due to me looking at the statement, he tried to lie and say he had no idea what the charges were and our info must have been stolen. Cancel the card or put a hard spending limit on it. In case of emergency she can call you to remove the limit. No second chances unless you can afford that surprise again. This was the second time he was overspending our agreed budget, the first time he only spent $200 over and a serious talk did not fix the problem. We're paying his tuition out of pocket, our budget is important to stick to.

[Anonymous No.49537499]

>>49534693
Bear signal.

[Anonymous No.49537536]

>>49528632
She needs a hard limit to the credit card. That way she can have "emergency money" without fucking him over.

[Anonymous No.49537577]

>>49537493
If you're ever looking for a financially savvy man to lay pipe on you, give me a call, baby.

[Anonymous No.49537578]

>>49537536
Women have a very different definition of emergency money.

[Anonymous No.49537606]

>>49537196
Show me somewhere this happens regularly lol

[Anonymous No.49537635]

>>49527217

It will be worse.

2008 was mostly bad for boomer and gen x homeowners living will beyond their means, middle class workers, and retirees who went all in on like one or two investments.

I think the worst part of 2008 was companies discovered they could just turn most of their employees into "contractors", and that they could get away with fraudulently hiring unneeded H1Bs by making shit up. Pre-2008 people used to be actual employees at companies, now theyre underpayed cucktractors, cucktractors "for hire", and gig workers.

This time most everyone will suffer, and the elite and corporations will do everything they can to make sure this crisis isn't wasted by fucking over workers and average joes even more (they've already started it with shrinkflation). It wouldnt surprise me if the upcoming crash turned back the labor clock to the late 1800s and early 20th century. Expect company towns and Pinkerton level shit.

Zoomies, prepare your anus! You're about to learn just how fucked shit can get, and how screwed you are.

[HARBINGER OF THE MELTDOWN No.49537724]

>>49527217
2008 happened because everybody was giving out shit loans to anyone
the situation were in now is nothing like 2008
its in fact much worse

[Anonymous No.49537755]

>>49527288
People who think today is worse haven't seen shit. Today is nothing compared to the 2008 shitshow. The whole banking system nearly collapsed.

2008 was nuclear level bad if you worked in one of the industries most affected. I'm in construction engineering, and there was basically no construction for 5 years. Half-built developments sat around abandoned for years. Most companies like mine reduced staff levels by 90% or closed completely. People were even getting laid off from government jobs. The climb out of that hole was long and slow.

[HARBINGER OF THE MELTDOWN No.49537775]

>>49537755
were on the brink of global financial collapse and then societal collapse soon after
you really dont know anything, do you
the only thing we can do is nuke russia and china now with our nato allies swiftly and decisively

[Anonymous No.49537801]

>>49537635
No, it's literally falling apart, and nobody's holding it together; prepare for the true chaos timeilne.

[Anonymous No.49537806]

>>49529604
based and redpilled...

[Anonymous No.49537821]

>>49536965
I know life sucks and you're a bored /pol/ fag but this is never going to happen. If a scenario like this happens all 200+ mil third world savages in this country would make this place unlivable and your hard assets would be raided and pillaged within the first few weeks no matter how far out you are.

[Anonymous No.49537822]

>>49537493
What posses a woman to post on this board? I guess having a manchild for a husband will do it.

[Anonymous No.49537825]

>>49527217
>worse than 2008
Nobody was talking about food shortages and starvation in 2008.

[Anonymous No.49537846]

>>49537606
You're deep in cope, the world is falling apart at the seams. Just embrace the chaos.

[Anonymous No.49537852]

>>49534504
>if the faction allows free houses nor more jobs
so you will side with the commies?

[Anonymous No.49537906]

>>49537821
People need hope. But the truth is, "The woman fled into the wilderness, where she has a place prepared by God, that there they may nourish her one thousand two hundred sixty days. .."

[HARBINGER OF THE MELTDOWN No.49537933]

>>49537825
theres not going to be a food shortage in the 1st world
there will be some items missing from time to time but there will be food

[Anonymous No.49537944]

>>49537254
Tim Morgan is a doomer but I don’t think he’s wrong

[Anonymous No.49537957]

>>49527288
It was really fucked. I knew that the housing market was a bubble. There was a lot of talk about it even as far back as 2005. The low interest rates that the fed enacted at the end of the Dotcom bubble fueled the housing bubble and the same thing is happening now. It was actually a slow motion train wreck for for than an entire year. That's the where we currently stand with the current wreck. Then the shit really hit the fan when the banks started imploding. I remember Nancy Pelosi coming on tv and talking about the bailout and not looking like she knew what she was doing.

My company got rid of little things like disposable cups and flatware to save money. Eventually I got fired to.

What I didn't realize is how powerful the money printing was. When the Fed turning on QE, the problem was basically solved for the time being. It's crazy but the banks held onto some of those houses for a decade until they could sell them without a loss and I never thought they would hold that long.

Anyway, for an old guy like me, it's easy to tell what's going to be a nothing burger and what's going to be serious. This time is going to be serious. We don't have financial stress yet but some bank or investment house somewhere is going to break once the tide starts getting really low.

[Anonymous No.49537969]

Was a young leaf. Was pretty much avoided. Makes the next crash worse for us

[HARBINGER OF THE MELTDOWN No.49538021]

>What I didn't realize is how powerful the money printing was.
money is an illusion
really no different than crypto at this point
all you have to do is get people to stop believing in it and trading goods and services outside of government backed fake money and boom

[Anonymous No.49538023]

>>49527342
Nope. Dotcom and 2008 were more greatly anticipated and for longer too. The level of crash anticipation here is completely normal. YEARS of anticipation precedes big crashes. I'm not talking about the little 20% bear markets which are nothing burgers.

[Anonymous No.49538040]

>>49537822
Women on this site come in one of a few flavors
1. Mentally ill autists
2. Bored Housewives
3. Unironic neo-Nazis

[Anonymous No.49538060]

>>49537933
this level of hope is just foolish. The Petrodollar died on 30 August 2021, and we are going to have the worse food shortage in over 100 years.

[Anonymous No.49538065]

[Anonymous No.49538067]

>>49538040
number 2 here

[Anonymous No.49538069]

>>49537822
Been on this site for 10 years. This board little over 1. Unironically gotten great life advice.

[HARBINGER OF THE MELTDOWN No.49538072]

>>49538060
theres literal years of product sitting in warehouses
theres no food shortage

[Anonymous No.49538083]

>>49527346
No, only boomers made money on the 08 boom. And most of them didn't even ever realize their gains unless they happened to retire right then. Finance message boards were filled with posts about hose housing was a bubble. Even the fricken newspapers had articles about the housing bubble. Similar: http://content.time.com/time/business/article/0,8599,1592751,00.html

[Anonymous No.49538088]

>>49538040
Where to meet more of 3, anon?

[Anonymous No.49538105]

>>49537944
He does sound quite preachy and doomy but his energy model makes a lot of sense

[Anonymous No.49538108]

>>49538072
In china maybe, but biden sold all of our to china!

[Anonymous No.49538115]

>>49528739
They will never do that because if they did, they would lose money. If you own the bank a million dollars, the bank owns your ass. If you owe bank a trillion dollars, you own the banks ass.

[Anonymous No.49538125]

>>49527455
>only 9 missed meals between civilization and civil war
I hate this meme. China has had like 7 famines in the last 50 years and none of them led to the CCP ending. Russia has had ongoing food issues for a decade. Venezuelans are literally dying yet no meaningful resistance has taken place, no matter what the CIA says.

[Anonymous No.49538126]

>>49538069
wanna go on a date got 1k to spend

[Anonymous No.49538130]

I HAVE ALL OF MY MONEY IN STOCKS, SAVING FOR A HOUSE.

BUT IF THE HOUSING MARKET CRASHES WILL STOCKS CRASH EVEN HARDER? SHOULD I JUST SELL ALL OF MY STOCKS AND PUT IT INTO BONDS OR SOME SHIT?

[Anonymous No.49538134]

>>49527288
I had a government job and was fine. I should've invested my $30k in cash into the stock market / Bitcoin / Tesla though. Everyone I knew at work though had family members who were losing their jobs.

Also, people who graduated in my year group were fucked pretty bad by it. Lawyers working as baristas wasn't a meme, and that screws your career potential for a long time.

Lots of people went back to school if they could, which made it even harder to get jobs later if you didn't/couldn't and had been working a dead-end job to get by.

[HARBINGER OF THE MELTDOWN No.49538142]

>>49538130
>he STILL hasnt sold
just fucking go broke idiot

[Anonymous No.49538153]

>>49536621
>Richter isn't a linear scale
And that's bad.

[Anonymous No.49538199]

>>49538108
>picrel
That "teenage boy in a skirt" was also not a 300 pound fatass on a mobility scooter with no actual gun skills at all.

[Anonymous No.49538229]

>>49538142
IT'S NOT FAIR, I JUST KEPT GETTING TOLD TO INVEST IN STOCKS. I DID IT LIKE A GOOD LITTLE GOY

BUT NOW EVEN IF THE STOCK MARKET DOESN'T CRASH, I HAVE TO SELL IT FOR THE DOWNPAYMENT, THEN I GET RAPED BY TAXES

[Anonymous No.49538245]

>>49538229
Nobody is safe. I have a pile of cash that keeps losing value. Housing hasnt crashed yet but inflation biting away simultaneously.

[Anonymous No.49538246]

>>49538199
So your saying, he could take the US us military!

[HARBINGER OF THE MELTDOWN No.49538262]

>>49538245
cash is absolutely fucking king right now its not losing value compared to peoples garbage truck "investments" they bought in the last year
everyone got utterly roped

[Anonymous No.49538267]

>>49532869
hang in there bud... tell yourself it'll be okay

[Anonymous No.49538282]

>>49533069
why is sora eating glue

[Anonymous No.49538293]

>>49528150
Really? Most people I talk to are dumb vaxxcattle who are somewhat miffed about the price of gas and groceries but fully believe that it's all part of the recovery from covid, and also Putin's fault, but that things will get back to normal before too long and are already better than last year because we "beat the pandemic" or whatever.

[Anonymous No.49538343]

>>49528150
Possibly the only intelligent person on this board.
Are bottoms always like this? Endless insufferable yapping? Literal morons think they are economists?

[Anonymous No.49538388]

>>49537957
Banks are starting to implode now.

[Anonymous No.49538390]

>>49538262
>cash is absolutely fucking king right now its not losing valu-

[HARBINGER OF THE MELTDOWN No.49538437]

>>49538390
you cant just cut that part out of my post without the rest of it
theres a reason why the dxy is exploding and its because dollars are desirable right now

[Anonymous No.49538478]

>>49527217
It's a fakeout

[Anonymous No.49538480]

>>49538390
>meanwhile everyone’s portfolio is down 20-40%

[Anonymous No.49538504]

>>49538437
>theres a reason why the dxy is exploding and its because other currencies are inflating even faster
ftfy

[Anonymous No.49538547]

>>49538480
gold is doing fine

[HARBINGER OF THE MELTDOWN No.49538573]

>>49538504
now go back to my post earlier in the thread about being on the brink of a global financial crisis
you arent telling me anything new here bub go back to watching your stocks youtubers lol

[Anonymous No.49538592]

>>49528150
No one I have asked about this sees a crash coming. Go outside. Normies think things are recovering from COVID. Some red team members think Biden is personally causing inflation which will end the moment red team me we gets in office and only like 3 people I e talked too think house prices are coming down

[Anonymous No.49538604]

>>49538573
>youtube
lol
lmao

[Anonymous No.49538626]

>>49538592
this. I don't know who these fags are talking to.

[Anonymous No.49538671]

>>49538547
lol

[Anonymous No.49538787]

>>49538671
It's true. Down 1% if you bought a year ago, up 5% if you bought 6 months ago. Up 50% if you bought 5 years ago.

[Anonymous No.49538978]

>>49527288
I was just a lad in university living in a cheap but comfy dorm, so it was funny watching everything burn
It was less funny next year when I had to find a job, market was turbo fucked
Didn't help that government gave away basically 10% of country's annual budget to bail out banking kikes

[Anonymous No.49539312]

>>49528361
Based

[Anonymous No.49539366]

>>49528462
>noooooo you can't have small tight knit nations
>muh big city bustle
>oh wow, I hate having reasonably priced and affordable real estate
>I want to live in an overcrowded megacity in a closet sided apartment
>where are the SHANTIES, I NEED homeless shanties
>If a nigger doesn't stab&mug me at night, what's the point?
Yeah, no thanks. those East European countries are happier than you will ever be

[Anonymous No.49539409]

>>49528572
This Pooposter is right

[Anonymous No.49539503]

>>49534504
I feel for you, fellow twentiesfag. Our future is perpetual wage slavery at the cash register until the collapse.

[Anonymous No.49539609]

>>49533811
mmmmmm delishus bootswaps

[Anonymous No.49539679]

>>49539366
that looks like a very racist and non-cosmopolitan place. shame on you. do better.

[Anonymous No.49540052]

>>49533890
I'm 23 and I somewhat agree. From very early on the landscape pretty much told people that working hard was retarded, it's either work smart, get lucky or kill yourself. No inbetween