Economy crash =/= stock market crash?

[Deleted User]

The economy must be being held back massively by issues with the workforce.

I went to a few places today, and they had hardly any staff and everything took ages. The local bank had to close because they had no staff. All very odd, how long has our economy been run on a bare bones profitability, exploiting cheap labour. Many places will not survive. 

Type_45

Adyinvestment said:

Type_45 said:

The S&P lost 57% in 2008.

This crash will be bigger.

Technically the S&P is not in a crash at this time, it is still in a technical correction.

Although it is very close.

Incorrect. It has now declined 20% from its high and is in a bear market. 

Adyinvestment

Type_45 said:

Adyinvestment said:

Type_45 said:

The S&P lost 57% in 2008.

This crash will be bigger.

Technically the S&P is not in a crash at this time, it is still in a technical correction.

Although it is very close.

Incorrect. It has now declined 20% from its high and is in a bear market. 

Ha ha, it wasn't 45 minutes ago

Thrugelmir

Type_45 said:

Prism said:

Type_45 said:

coastline said:

Type_45 said:

My portfolio is entirely green today. If this persists I will call my doctor.

Wait until the SP500 gets down to 999 .That'll be about 80% down...

The S&P lost 57% in 2008.

This crash will be bigger.

Crashes are caused by something. 

Nothing has happened then, since, say, January 2020 which may cause a crash? 

Been money printing on an unprecedented scale. 

Thrugelmir

[Deleted User] said:

The economy must be being held back massively by issues with the workforce.

I went to a few places today, and they had hardly any staff and everything took ages. The local bank had to close because they had no staff. All very odd, how long has our economy been run on a bare bones profitability, exploiting cheap labour. Many places will not survive. 

Besides an ageing population, Gold plated pension schemes, inheritances, superb investment returns, property price inflation. Why bother to work? 

Type_45

Adyinvestment said:

Type_45 said:

Adyinvestment said:

Type_45 said:

The S&P lost 57% in 2008.

This crash will be bigger.

Technically the S&P is not in a crash at this time, it is still in a technical correction.

Although it is very close.

Incorrect. It has now declined 20% from its high and is in a bear market. 

Ha ha, it wasn't 45 minutes ago

45 minutes is a long time in economics.

S&P down almost 2% today.

Type_45

Thrugelmir said:

[Deleted User] said:

The economy must be being held back massively by issues with the workforce.

I went to a few places today, and they had hardly any staff and everything took ages. The local bank had to close because they had no staff. All very odd, how long has our economy been run on a bare bones profitability, exploiting cheap labour. Many places will not survive. 

Besides an ageing population, Gold plated pension schemes, inheritances, superb investment returns, property price inflation. Why bother to work? 

Asset price inflation is about to be reversed spectacularly. And the job layoffs are on their way too.

Alistair31

Type_45 said:

 layoffs are on their way too.

You’ve boasted about taking action to protect your investments from steep declines, what about your job? 

Do you have one?

[Deleted User]

Thrugelmir said:

Deleted_User said:

The economy must be being held back massively by issues with the workforce.

I went to a few places today, and they had hardly any staff and everything took ages. The local bank had to close because they had no staff. All very odd, how long has our economy been run on a bare bones profitability, exploiting cheap labour. Many places will not survive. 

Besides an ageing population, Gold plated pension schemes, inheritances, superb investment returns, property price inflation. Why bother to work? 

Many may be forced to if the economy crashes. 

Companies need to attract people, they need to offer a proper job fit for proper life. Most of these companies have stripped away all the benefits etc they gave to employers because it became easy to find cheaper replacements. Now they can't do that, they will pay.

Type_45

Just two FED rate hikes in, and we are in a bear market.

Just 9 or 10 hikes to go, guys 👍