To any bulls reading this

[Anonymous No.49833377]

THIS. IS. NO. WHERE. NEAR. THE. 08. CRISIS.

"Hellish winter" - this is the kind of sensationalism that Reddit laps up, based on what? It's just parroting other Doomsday posts and MSM coverage.

Home equity is way above where it was, and even a 20% correction in housing won't put the majority of people into negative equity territory.

Consumer balance sheets are way stronger than that time.

There is no risk of a credit crunch. There's no shortage of liquidity in the banking system (see reverse repo: there's $2tn not being used being stored by the banks overnight)

Household cash reserves significantly higher

Unemployment is 3.6%, it ticked up ever so slightly but is still close to maximum employment. Even a move to 4-5% unemployment is strong by historical standards. It reached 10% at the height of the previous recession.

The financial system is robust, it is not going to collapse. There is not going to be an 08 style banking crisis.

Everyone screaming out the top of their lungs DEPRESSION COMING!!! When the reading was -0.1% lmfaoooo. Yeah next reading might also be slightly negative which would put us in a technical recession

This leads me to what is actually the concerning part: inflation.

However, no sign of wage price spiral. This is good.

A mild recession will be good for inflation. Add that on top of the fact supply chain issues are easing, inventory levels are at record levels, and commodity prices/used vehicles are dropping across the board, there's a reasonable chance of tempering inflation by EOY early next. Especially when comparing to this year's levels, it may even show up as deflation

Consumer sentiment is super low which will self fulfill a decrease in demand, which again, is good for inflation.

However, the fundamentals of the economy are strong.

As soon as inflation tempers and the FED u-turns towards accommodation, the same doomsday prophets coming out the woodworks now will be FOMOing back into the markets at highs.

WAGMI

[Anonymous No.49833481]

based OP. i’m slurping right now

[Anonymous No.49833494]

>>49833377
You dont understand, we're not in the same game we were in in 2008. We are operating under a different set of rules. Just like they're were a different set of rules before 1971.

[Anonymous No.49833505]

>>49833377
Thanks for the top signal, selling now.

[Anonymous No.49833570]

>>49833377
copium!!

[Anonymous No.49833615]

>>49833494
which different set of rules?

[Anonymous No.49833658]

>>49833377
>household cash reserves high
>supplier inventory high
whether they know it or not, consumers and suppliers are playing a game of chicken and creating a inflationary positive feedback loop. Short term inflation spike caused by a smaller but still significant permanent increase in inflation.

>>49833494
the underlying causes are always different, but market psychology never changes

[Anonymous No.49833683]

>>49833377
I don't know what those words mean. Red green line phone casino is pretty fun tho i made like a thousand bucks

[Anonymous No.49833711]

>>49833377
Agreed, financials are in much better shape now than they were back then. No risk of a similar kind of systemic collapse, but we do have issues. Inflation is running rampant but it can be reigned in, the primary culprit is the supply shortages.
Overpriced stocks in tech are coming down to earth and will be reasonably valued soon, but the companies need to get their shit together. Easy money is done, so running on negative margins will no longer be sustainable. Layoffs will occur.
Worthless shit, like crypto and NFTs, are toast. Stick a fork in them, they are fuxored.

[Anonymous No.49835325]

>>49833377
You made this post to fool retards. The alternative is that you are a retard yourself.

[Anonymous No.49835381]

>>49833377
muh fundamentals

[Anonymous No.49835403]

BoBo just lost 819k lmao

[Anonymous No.49835453]

>>49833494
I'll bite. What's changed?