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Economy crash =/= stock market crash?
Comments
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There's a difference between timing the markets and understanding the markets. Look ahead and make your own judgement calls. No one drives by using their rear view mirror. Though plenty of investors adopt a similar style. No need to race either. Patience can be a virtue.0
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lozzy1965 said:tranquility1 said:
Yes I stand by my view that a crash will happen this year. Before the end of this month is the most likely time. And I will come on here admit I got the timing wrong if it hasn't happened by January.
But even if it doesn't happen this year, this financial system has reached the end of it's life and a crash and new financial system is absolutely coming. They may kick it down the road until the CBDCs are ready. That would probably be their preference because that would neatly replace the current rapidly-worthless currencies. But their hand may be forced by world events. Notably China, which is in big trouble and the contagion from that could collapse the global economy at any point now.
China's economy and the global economy are primed for collapse. The only question is how controlled the collapse is. But I think the powers that be want the collapse to be messy and painful because they then have an excuse to use the tools they want to use (CBDC and UBI) for the "greater good". The collapse will only be painful and messy for us. They won't feel a pinch. They will enrich themselves even further. They and we are not playing the same game.
Just checking, have I missed the collapse of the current world financial system over the last few days? January is mentioned, so maybe we have another four weeks or so to go still - Or maybe THEY managed to kick it down the road!
Happy New Year EVERYONE
EDIT: Ah, just checked, and apparently tranquility1 might be now living in their underground bunker having 'invested' in tins of beans as the only viable currency going forward:Last Active: 28 October 2021 at 8:40PMSo no correction of the definite views they expressed is likely to be forthcoming.
There were two other doom mongers though, can't remember their names. I wonder if they have the same world view now?1 -
lozzy1965 said:tranquility1 said:
Yes I stand by my view that a crash will happen this year. Before the end of this month is the most likely time. And I will come on here admit I got the timing wrong if it hasn't happened by January.
But even if it doesn't happen this year, this financial system has reached the end of it's life and a crash and new financial system is absolutely coming. They may kick it down the road until the CBDCs are ready. That would probably be their preference because that would neatly replace the current rapidly-worthless currencies. But their hand may be forced by world events. Notably China, which is in big trouble and the contagion from that could collapse the global economy at any point now.
China's economy and the global economy are primed for collapse. The only question is how controlled the collapse is. But I think the powers that be want the collapse to be messy and painful because they then have an excuse to use the tools they want to use (CBDC and UBI) for the "greater good". The collapse will only be painful and messy for us. They won't feel a pinch. They will enrich themselves even further. They and we are not playing the same game.
Just checking, have I missed the collapse of the current world financial system over the last few days? January is mentioned, so maybe we have another four weeks or so to go still - Or maybe THEY managed to kick it down the road!
Happy New Year EVERYONE
EDIT: Ah, just checked, and apparently tranquility1 might be now living in their underground bunker having 'invested' in tins of beans as the only viable currency going forward:Last Active: 28 October 2021 at 8:40PMSo no correction of the definite views they expressed is likely to be forthcoming.
There were two other doom mongers though, can't remember their names. I wonder if they have the same world view now?
Seven months later we find ourselves on the brink of WWIII. Read what I said back then if you are interested or ridicule me, it makes no difference to me.
I also talked about inflation last summer and how I was noticing it in my weekly shopping bill. Inflation around the world is definitely out of control. Commodity prices are spiralling, petrol, diesel, gas, electricity, building materials, food and so on. When people cannot afford to buy food you can expect to see civil unrest.
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What happened to the other thread?0
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We all got bored and it self deleted0
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Can someone repost the table of all the bear market recovery times since the 1920s? I just went looking and the threads gone!!
I "think" it was posted on that thread?
ThanksHow's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)0 -
Sea_Shell said:Can someone repost the table of all the bear market recovery times since the 1920s? I just went looking and the threads gone!!
I "think" it was posted on that thread?
Thanks
Profiling S&P 500 Drawdowns Since 1871 And How They Compare To Today | Investing.com
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Type_45 said:What happened to the other thread?3
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Sea_Shell said:Can someone repost the table of all the bear market recovery times since the 1920s? I just went looking and the threads gone!!
I "think" it was posted on that thread?
Thanks
It's from this article:
https://www.aarp.org/money/investing/info-2022/bear-market-field-guide.html
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While the current focus seems to be on inflationary risks, over leveraged economies and financial assets coupled with dropping consumer sentiment and negative money supply growth points to deflationary risks rising and could well become the big problem later in the year and 2023. This is a contrarian view ofcourse but one worth keeping an eye on over the coming months.0
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