Is the economy crashing again?

is the economy crashing again?

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To be fair, it never actually recovered

Yes, just short with x100 leverage and you'll be a millionaire by the end of next week

Yes. Most of my puts have gained 300%+

yeah the fucking retarded american fed did the same fucking retarded thing it did in 2008

This.

Yup. This time housing is a lot better but everyone has a ton of debt. Once people get laid off they'll miss payments and shit will hit the fan. 2019 is going to be a long bear market but this ain't gonna be a 2008

I know it will be bad for most people but I want to see people who built up mindless amounts of consumer debt for luxury cars and keeping up with the Jones’s or took out student loans for dumb degrees suffer.

housing market is worse cause at least in 2008 there were people ready to buy up the cheap real estate, aint no one left this time around

>i want humans who succeed to suffer

you sound like a well adjusted individual

Not him, but success and consumer debt usually don't go hand in hand

Hopefully that's not the penultimate fate. We will see once the skeletons start coming out of the closet in the coming months
unless your industry is downturn resilient it's will come around.

What should it have done, genius?

There are a lot of people who get a shit hand that lose their jobs, get depressed, family deaths, health issues who don’t deserve any of it and fall into a rut filled with debt. They are the people who I feel for. I would not call the bubbly sales rep ‘successful’ for getting a 5yr loan for a new C class or racking up 20k in credit card debt for frivolous junk. These people are part of the reason why our economy is in such a bubble. The pressure is forced upon them to be fair. 12 month Interest free cards with no balance transfer fee are plastered everywhere. Ford even offer 84 month car loans because they couldn’t get enough poor people into new vehicles.

Pumping up the economy with unlimited money like tether did for crypto obviously

It just makes the crash so much more sweet

If I see crypto pump again as the stock market continues down again I am going to begin getting back into the all my positions on the crypto market. Because the correlation is hard to deny at this point...

It should have stopped existing

fpbp

Who gives a shit, seriously.

Post-2008 and banks and financial institutions have been doing the exact same shit that got everyone into a crisis in the first place, and the market 'recovered' anyway, we can argue all day over whether it was 'artificial' recovery or not, but the end result was the same, the last few years have been solid growth.

Whatever shitshow may happen over the next 3 years, it really doesn't fucking matter if you have picked securities that are fundamentally stable. Blue chips, gold, real estate, index funds, shit that wont go to zero will bounce back eventually once the governments, banks and financial institutions get back to pumping the market up with their bullshit, only for it to collapse again.

After all this time and energy iv spent investing the thing iv learned is that the simple and obvious methodology is the best one. This whole industry is built on selling overly complex bullshit hopes and dreams on companies and instruments which appear great on paper when you look at their yields but are absolute dogshit once you factor in the risk for the instrument. The average return of the SP500 over the least 90 years has been 9 percent. Thats a fucking huge return when you compound it over 20 years and throw in your savings with it.

If you just save every month at a good rate, and invest it back into your assets, you'll be fine in the long run. This get rich quick mentality of the business world is a great way to lose all your time and money.

This is very true.

this everyone who are in dept for feminist dance or some other crazy degree should suffer

Then how do all these fucking Jews get rich off finance?