Is This Downturn A Repeat Of 2008?
zerohedge.com
i have been hearing about this since 2013 are we going downhill in these coming weeks!?
Are we heading to a to a recession?
Brody Perez
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Benjamin Miller
I'm inclined to say no, just because the MSM is screaming about it non-stop and all they really do is scream orange man bad. Rates are going up which is going to affect the markets. I would do your own research and ignore this shit.
Jacob Hill
>muh Main Street Meteor
Isaac Parker
>orange man good!
Hudson Ross
I will meet you in the middle and say "orange man not bad"
Angel Thomas
2008 was never solved. We have more debt now.
Anyone who says WHEN this recession will happen is lying to you.
It will happen, we just don't know when.
Joseph Reed
Banks have tightened up lending for loans since the last crash (on the surface at least..), but the problem now is apparently credit cards.
Same story as before, people borrowing far more than they can ever pay back. If the loans ever need to get called back in, they'll find they have literally no money as the tards have already spent it all, have multiple credit cards with 20k+ each in debt, and no way to pay back.
Same story as before, banks making money only on paper.
Michael Morgan
but the house market is already declining in area such as Vancouver, San Fransisco and Austin which can lead to snowball effect right?
Oliver Diaz
not enough blood on the streets yet, you'll know when its here
Aaron Sullivan
Biz media is a lagging indicator. The drop already happened. During the drop, most of the articles were about it not being a big deal long term, don't panic, etc. Now they're screaming panic?
Time to go long.