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Economy crash =/= stock market crash?
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Type_45 said:adindas said:Type_45 said:adindas said:Type_45 said:adindas said:Type_45 said:adindas said:Type_45 said:adindas said:Type_45 said:
Gold? But that price will presumably come down too, so timing it right could be profitable.
Regarding the markets, I was looking at some graphs yesterday of bear markets of the past. They suck money in from the sidelines with promising rallies. Sometimes the rallies will be 20%+. Only to fall even further.
"The job of a bear market is to take as much money as possible" - Someone on Twitter.That why it is called bear market. In the bear market the market have more tendency to fall rather than to rise.It is the hearsay. Do not bet against the market trend. Do not bet against the FED.You will need to stop reading rubbish from some random prophet you do not know from social media. Focus more on authoritative sources.The market is not sucking people money. It is the people emotion such as panic buying, selling, that prompt people to move to different type of assets. Stock is not the only market in investing, there are competing options such as bonds, commodities (gold, silver, oils, etc), properties, antic collectible, paintings, etc). People rotating their money that cause yo-yo in the market. The money is not gone, it is only that it is not in the stock market. If the FUD, uncertainty in the market is removed, the confidence restored the people will start put their money into the stock market.Also the markets are also full of traders who could do trading in both direction of the markets, the hedge funds, etc the people who know what they are doing.Well, I might have missed but did Jamie Dimon ever said the stock marker will dive at 80% before returning to up trend? any link ??Also even they are experts they never get it right all the time 100%. For that reason it is important to listen to both sides and you make up your own judgement.
"Jamie Dimon says ‘brace yourself’ for an economic hurricane"Did you notice he also said this"Right now, it's kind of sunny. Things are doing fine. Everyone thinks the Fed can handle this. That hurricane is right out there down the road coming our way. We just don't know if it's a minor one or superstorm Sandy... or Andrew or something like that," he said.Even CPI is coming down gradually but it can not be said that the hurricane is over as the Fed has scheduled QT, to begin this month and will ramp up to $95 billion a month in reduced bond holdings.Once the FED start reducing its balance sheet it will be another plunge in the market.The war in Ukraine has been priced in the market but its impact on commodities, including food and fuel. But once Oil could hit $150 or $175 a barrel said, that will be another story.Also beside the low unemployment rate the the US bank and US banks and consumers are doing fine right now, there are about US$2T are sitting in saving account. This money will start to flowing back to the stock market once the confidence is restored because money ins saving is just money losing strategy in the long run.
Are you going to answer that point? Or are you going to pretend that my previous post didn't happen?
I do not follow any expert. I listen and watch all of their views pro and contra and I make up my own decision. What previous post are you talking prediction from prophet that the stock market will fall 80% ?? I already answered that and I give my reasoning.
You said the "current low unemployment rate means we are close to the bottom, according to strategists and analysts".
Who exactly are these strategists and analysts? Please provide a link to where they said this. Please give us their names.If you watch CNBC TV regularly, many analysts / strategists are saying that.Also have you ever seen in the previous recession / depression in the history where unemployment rate were at the lowest points.
And are you saying that in previous recessions more people had jobs? Unemployment dropped?
I would in general ignore most economists and so called experts regardless of the country they work in. The ones to listen to are the ones who say they don't know what happens next.3 -
Prism said:Type_45 said:adindas said:Type_45 said:adindas said:Type_45 said:adindas said:Type_45 said:adindas said:Type_45 said:adindas said:Type_45 said:
Gold? But that price will presumably come down too, so timing it right could be profitable.
Regarding the markets, I was looking at some graphs yesterday of bear markets of the past. They suck money in from the sidelines with promising rallies. Sometimes the rallies will be 20%+. Only to fall even further.
"The job of a bear market is to take as much money as possible" - Someone on Twitter.That why it is called bear market. In the bear market the market have more tendency to fall rather than to rise.It is the hearsay. Do not bet against the market trend. Do not bet against the FED.You will need to stop reading rubbish from some random prophet you do not know from social media. Focus more on authoritative sources.The market is not sucking people money. It is the people emotion such as panic buying, selling, that prompt people to move to different type of assets. Stock is not the only market in investing, there are competing options such as bonds, commodities (gold, silver, oils, etc), properties, antic collectible, paintings, etc). People rotating their money that cause yo-yo in the market. The money is not gone, it is only that it is not in the stock market. If the FUD, uncertainty in the market is removed, the confidence restored the people will start put their money into the stock market.Also the markets are also full of traders who could do trading in both direction of the markets, the hedge funds, etc the people who know what they are doing.Well, I might have missed but did Jamie Dimon ever said the stock marker will dive at 80% before returning to up trend? any link ??Also even they are experts they never get it right all the time 100%. For that reason it is important to listen to both sides and you make up your own judgement.
"Jamie Dimon says ‘brace yourself’ for an economic hurricane"Did you notice he also said this"Right now, it's kind of sunny. Things are doing fine. Everyone thinks the Fed can handle this. That hurricane is right out there down the road coming our way. We just don't know if it's a minor one or superstorm Sandy... or Andrew or something like that," he said.Even CPI is coming down gradually but it can not be said that the hurricane is over as the Fed has scheduled QT, to begin this month and will ramp up to $95 billion a month in reduced bond holdings.Once the FED start reducing its balance sheet it will be another plunge in the market.The war in Ukraine has been priced in the market but its impact on commodities, including food and fuel. But once Oil could hit $150 or $175 a barrel said, that will be another story.Also beside the low unemployment rate the the US bank and US banks and consumers are doing fine right now, there are about US$2T are sitting in saving account. This money will start to flowing back to the stock market once the confidence is restored because money ins saving is just money losing strategy in the long run.
Are you going to answer that point? Or are you going to pretend that my previous post didn't happen?
I do not follow any expert. I listen and watch all of their views pro and contra and I make up my own decision. What previous post are you talking prediction from prophet that the stock market will fall 80% ?? I already answered that and I give my reasoning.
You said the "current low unemployment rate means we are close to the bottom, according to strategists and analysts".
Who exactly are these strategists and analysts? Please provide a link to where they said this. Please give us their names.If you watch CNBC TV regularly, many analysts / strategists are saying that.Also have you ever seen in the previous recession / depression in the history where unemployment rate were at the lowest points.
And are you saying that in previous recessions more people had jobs? Unemployment dropped?
I would in general ignore most economists and so called experts regardless of the country they work in. The ones to listen to are the ones who say they don't know what happens next.
I shared an article from CNBC's website which was posted on Twitter as a link. I don't watch CNBC.
But as Adindas watches and endorses CNBC as an economics seat of learning, I'm surprised he didn't know about the Jamie Dimon piece.0 -
Type_45 said:Prism said:Type_45 said:adindas said:Type_45 said:adindas said:Type_45 said:adindas said:Type_45 said:adindas said:Type_45 said:adindas said:Type_45 said:
Gold? But that price will presumably come down too, so timing it right could be profitable.
Regarding the markets, I was looking at some graphs yesterday of bear markets of the past. They suck money in from the sidelines with promising rallies. Sometimes the rallies will be 20%+. Only to fall even further.
"The job of a bear market is to take as much money as possible" - Someone on Twitter.That why it is called bear market. In the bear market the market have more tendency to fall rather than to rise.It is the hearsay. Do not bet against the market trend. Do not bet against the FED.You will need to stop reading rubbish from some random prophet you do not know from social media. Focus more on authoritative sources.The market is not sucking people money. It is the people emotion such as panic buying, selling, that prompt people to move to different type of assets. Stock is not the only market in investing, there are competing options such as bonds, commodities (gold, silver, oils, etc), properties, antic collectible, paintings, etc). People rotating their money that cause yo-yo in the market. The money is not gone, it is only that it is not in the stock market. If the FUD, uncertainty in the market is removed, the confidence restored the people will start put their money into the stock market.Also the markets are also full of traders who could do trading in both direction of the markets, the hedge funds, etc the people who know what they are doing.Well, I might have missed but did Jamie Dimon ever said the stock marker will dive at 80% before returning to up trend? any link ??Also even they are experts they never get it right all the time 100%. For that reason it is important to listen to both sides and you make up your own judgement.
"Jamie Dimon says ‘brace yourself’ for an economic hurricane"Did you notice he also said this"Right now, it's kind of sunny. Things are doing fine. Everyone thinks the Fed can handle this. That hurricane is right out there down the road coming our way. We just don't know if it's a minor one or superstorm Sandy... or Andrew or something like that," he said.Even CPI is coming down gradually but it can not be said that the hurricane is over as the Fed has scheduled QT, to begin this month and will ramp up to $95 billion a month in reduced bond holdings.Once the FED start reducing its balance sheet it will be another plunge in the market.The war in Ukraine has been priced in the market but its impact on commodities, including food and fuel. But once Oil could hit $150 or $175 a barrel said, that will be another story.Also beside the low unemployment rate the the US bank and US banks and consumers are doing fine right now, there are about US$2T are sitting in saving account. This money will start to flowing back to the stock market once the confidence is restored because money ins saving is just money losing strategy in the long run.
Are you going to answer that point? Or are you going to pretend that my previous post didn't happen?
I do not follow any expert. I listen and watch all of their views pro and contra and I make up my own decision. What previous post are you talking prediction from prophet that the stock market will fall 80% ?? I already answered that and I give my reasoning.
You said the "current low unemployment rate means we are close to the bottom, according to strategists and analysts".
Who exactly are these strategists and analysts? Please provide a link to where they said this. Please give us their names.If you watch CNBC TV regularly, many analysts / strategists are saying that.Also have you ever seen in the previous recession / depression in the history where unemployment rate were at the lowest points.
And are you saying that in previous recessions more people had jobs? Unemployment dropped?
I would in general ignore most economists and so called experts regardless of the country they work in. The ones to listen to are the ones who say they don't know what happens next.
I shared an article from CNBC's website which was posted on Twitter as a link. I don't watch CNBC.
But as Adindas watches and endorses CNBC as an economics seat of learning, I'm surprised he didn't know about the Jamie Dimon piece.Did I ever say I do not know who Jamie Dimon is ?. I said I listen to anyone pro and contra but I make up my own decision.I also said I do not listen to non authoritative sources, a prophet making such prediction like the stock market dive 80%.0 -
Type_45 said:That's an American TV channel, I think... I'm in the UK. Is that where we should be going then for our economics?1
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Adyinvestment said:Type_45 said:That's an American TV channel, I think... I'm in the UK. Is that where we should be going then for our economics?
CNBC isn't America anymore than the Daily Star is the UK.
I listen to a LOT of American economics.0 -
adindas said:Type_45 said:Prism said:Type_45 said:adindas said:Type_45 said:adindas said:Type_45 said:adindas said:Type_45 said:adindas said:Type_45 said:adindas said:Type_45 said:
Gold? But that price will presumably come down too, so timing it right could be profitable.
Regarding the markets, I was looking at some graphs yesterday of bear markets of the past. They suck money in from the sidelines with promising rallies. Sometimes the rallies will be 20%+. Only to fall even further.
"The job of a bear market is to take as much money as possible" - Someone on Twitter.That why it is called bear market. In the bear market the market have more tendency to fall rather than to rise.It is the hearsay. Do not bet against the market trend. Do not bet against the FED.You will need to stop reading rubbish from some random prophet you do not know from social media. Focus more on authoritative sources.The market is not sucking people money. It is the people emotion such as panic buying, selling, that prompt people to move to different type of assets. Stock is not the only market in investing, there are competing options such as bonds, commodities (gold, silver, oils, etc), properties, antic collectible, paintings, etc). People rotating their money that cause yo-yo in the market. The money is not gone, it is only that it is not in the stock market. If the FUD, uncertainty in the market is removed, the confidence restored the people will start put their money into the stock market.Also the markets are also full of traders who could do trading in both direction of the markets, the hedge funds, etc the people who know what they are doing.Well, I might have missed but did Jamie Dimon ever said the stock marker will dive at 80% before returning to up trend? any link ??Also even they are experts they never get it right all the time 100%. For that reason it is important to listen to both sides and you make up your own judgement.
"Jamie Dimon says ‘brace yourself’ for an economic hurricane"Did you notice he also said this"Right now, it's kind of sunny. Things are doing fine. Everyone thinks the Fed can handle this. That hurricane is right out there down the road coming our way. We just don't know if it's a minor one or superstorm Sandy... or Andrew or something like that," he said.Even CPI is coming down gradually but it can not be said that the hurricane is over as the Fed has scheduled QT, to begin this month and will ramp up to $95 billion a month in reduced bond holdings.Once the FED start reducing its balance sheet it will be another plunge in the market.The war in Ukraine has been priced in the market but its impact on commodities, including food and fuel. But once Oil could hit $150 or $175 a barrel said, that will be another story.Also beside the low unemployment rate the the US bank and US banks and consumers are doing fine right now, there are about US$2T are sitting in saving account. This money will start to flowing back to the stock market once the confidence is restored because money ins saving is just money losing strategy in the long run.
Are you going to answer that point? Or are you going to pretend that my previous post didn't happen?
I do not follow any expert. I listen and watch all of their views pro and contra and I make up my own decision. What previous post are you talking prediction from prophet that the stock market will fall 80% ?? I already answered that and I give my reasoning.
You said the "current low unemployment rate means we are close to the bottom, according to strategists and analysts".
Who exactly are these strategists and analysts? Please provide a link to where they said this. Please give us their names.If you watch CNBC TV regularly, many analysts / strategists are saying that.Also have you ever seen in the previous recession / depression in the history where unemployment rate were at the lowest points.
And are you saying that in previous recessions more people had jobs? Unemployment dropped?
I would in general ignore most economists and so called experts regardless of the country they work in. The ones to listen to are the ones who say they don't know what happens next.
I shared an article from CNBC's website which was posted on Twitter as a link. I don't watch CNBC.
But as Adindas watches and endorses CNBC as an economics seat of learning, I'm surprised he didn't know about the Jamie Dimon piece.Did I ever say I do not know who Jamie Dimon is ?. I said I listen to anyone pro and contra but I make up my own decision.I also said I do not listen to non authoritative sources, a prophet making such prediction like the stock market dive 80%.
You still haven't answered my questions...
Is CNBC where we should be going for our economics? Which economists are you quoting from CNBC?
Are you saying that in previous recessions more people had jobs? Unemployment dropped?
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Type_45 said:
CNBC isn't America anymore than the Daily Star is the UK.
40 minutes ago you said it was, and using it as an argument to suit your purpose...1 -
Type_45 said:adindas said:Type_45 said:Prism said:Type_45 said:adindas said:Type_45 said:adindas said:Type_45 said:adindas said:Type_45 said:adindas said:Type_45 said:adindas said:Type_45 said:
Gold? But that price will presumably come down too, so timing it right could be profitable.
Regarding the markets, I was looking at some graphs yesterday of bear markets of the past. They suck money in from the sidelines with promising rallies. Sometimes the rallies will be 20%+. Only to fall even further.
"The job of a bear market is to take as much money as possible" - Someone on Twitter.That why it is called bear market. In the bear market the market have more tendency to fall rather than to rise.It is the hearsay. Do not bet against the market trend. Do not bet against the FED.You will need to stop reading rubbish from some random prophet you do not know from social media. Focus more on authoritative sources.The market is not sucking people money. It is the people emotion such as panic buying, selling, that prompt people to move to different type of assets. Stock is not the only market in investing, there are competing options such as bonds, commodities (gold, silver, oils, etc), properties, antic collectible, paintings, etc). People rotating their money that cause yo-yo in the market. The money is not gone, it is only that it is not in the stock market. If the FUD, uncertainty in the market is removed, the confidence restored the people will start put their money into the stock market.Also the markets are also full of traders who could do trading in both direction of the markets, the hedge funds, etc the people who know what they are doing.Well, I might have missed but did Jamie Dimon ever said the stock marker will dive at 80% before returning to up trend? any link ??Also even they are experts they never get it right all the time 100%. For that reason it is important to listen to both sides and you make up your own judgement.
"Jamie Dimon says ‘brace yourself’ for an economic hurricane"Did you notice he also said this"Right now, it's kind of sunny. Things are doing fine. Everyone thinks the Fed can handle this. That hurricane is right out there down the road coming our way. We just don't know if it's a minor one or superstorm Sandy... or Andrew or something like that," he said.Even CPI is coming down gradually but it can not be said that the hurricane is over as the Fed has scheduled QT, to begin this month and will ramp up to $95 billion a month in reduced bond holdings.Once the FED start reducing its balance sheet it will be another plunge in the market.The war in Ukraine has been priced in the market but its impact on commodities, including food and fuel. But once Oil could hit $150 or $175 a barrel said, that will be another story.Also beside the low unemployment rate the the US bank and US banks and consumers are doing fine right now, there are about US$2T are sitting in saving account. This money will start to flowing back to the stock market once the confidence is restored because money ins saving is just money losing strategy in the long run.
Are you going to answer that point? Or are you going to pretend that my previous post didn't happen?
I do not follow any expert. I listen and watch all of their views pro and contra and I make up my own decision. What previous post are you talking prediction from prophet that the stock market will fall 80% ?? I already answered that and I give my reasoning.
You said the "current low unemployment rate means we are close to the bottom, according to strategists and analysts".
Who exactly are these strategists and analysts? Please provide a link to where they said this. Please give us their names.If you watch CNBC TV regularly, many analysts / strategists are saying that.Also have you ever seen in the previous recession / depression in the history where unemployment rate were at the lowest points.
And are you saying that in previous recessions more people had jobs? Unemployment dropped?
I would in general ignore most economists and so called experts regardless of the country they work in. The ones to listen to are the ones who say they don't know what happens next.
I shared an article from CNBC's website which was posted on Twitter as a link. I don't watch CNBC.
But as Adindas watches and endorses CNBC as an economics seat of learning, I'm surprised he didn't know about the Jamie Dimon piece.Did I ever say I do not know who Jamie Dimon is ?. I said I listen to anyone pro and contra but I make up my own decision.I also said I do not listen to non authoritative sources, a prophet making such prediction like the stock market dive 80%.
You still haven't answered my questions...
Is CNBC where we should be going for our economics? Which economists are you quoting from CNBC?
Are you saying that in previous recessions more people had jobs? Unemployment dropped?
I would like to know why you think understanding economics is related to long term investing? I count myself as a long term investor but don't pay any attention to economists, or in fact the economy at all, when it comes to making investing decisions. That information is all priced in by the markets anyway. Its interesting in a historical way, as in how certain crashes evolved, but doesn't change the way I approach things.2 -
Type_45 said:adindas said:Type_45 said:Prism said:Type_45 said:adindas said:Type_45 said:adindas said:Type_45 said:adindas said:Type_45 said:adindas said:Type_45 said:adindas said:Type_45 said:
Gold? But that price will presumably come down too, so timing it right could be profitable.
Regarding the markets, I was looking at some graphs yesterday of bear markets of the past. They suck money in from the sidelines with promising rallies. Sometimes the rallies will be 20%+. Only to fall even further.
"The job of a bear market is to take as much money as possible" - Someone on Twitter.That why it is called bear market. In the bear market the market have more tendency to fall rather than to rise.It is the hearsay. Do not bet against the market trend. Do not bet against the FED.You will need to stop reading rubbish from some random prophet you do not know from social media. Focus more on authoritative sources.The market is not sucking people money. It is the people emotion such as panic buying, selling, that prompt people to move to different type of assets. Stock is not the only market in investing, there are competing options such as bonds, commodities (gold, silver, oils, etc), properties, antic collectible, paintings, etc). People rotating their money that cause yo-yo in the market. The money is not gone, it is only that it is not in the stock market. If the FUD, uncertainty in the market is removed, the confidence restored the people will start put their money into the stock market.Also the markets are also full of traders who could do trading in both direction of the markets, the hedge funds, etc the people who know what they are doing.Well, I might have missed but did Jamie Dimon ever said the stock marker will dive at 80% before returning to up trend? any link ??Also even they are experts they never get it right all the time 100%. For that reason it is important to listen to both sides and you make up your own judgement.
"Jamie Dimon says ‘brace yourself’ for an economic hurricane"Did you notice he also said this"Right now, it's kind of sunny. Things are doing fine. Everyone thinks the Fed can handle this. That hurricane is right out there down the road coming our way. We just don't know if it's a minor one or superstorm Sandy... or Andrew or something like that," he said.Even CPI is coming down gradually but it can not be said that the hurricane is over as the Fed has scheduled QT, to begin this month and will ramp up to $95 billion a month in reduced bond holdings.Once the FED start reducing its balance sheet it will be another plunge in the market.The war in Ukraine has been priced in the market but its impact on commodities, including food and fuel. But once Oil could hit $150 or $175 a barrel said, that will be another story.Also beside the low unemployment rate the the US bank and US banks and consumers are doing fine right now, there are about US$2T are sitting in saving account. This money will start to flowing back to the stock market once the confidence is restored because money ins saving is just money losing strategy in the long run.
Are you going to answer that point? Or are you going to pretend that my previous post didn't happen?
I do not follow any expert. I listen and watch all of their views pro and contra and I make up my own decision. What previous post are you talking prediction from prophet that the stock market will fall 80% ?? I already answered that and I give my reasoning.
You said the "current low unemployment rate means we are close to the bottom, according to strategists and analysts".
Who exactly are these strategists and analysts? Please provide a link to where they said this. Please give us their names.If you watch CNBC TV regularly, many analysts / strategists are saying that.Also have you ever seen in the previous recession / depression in the history where unemployment rate were at the lowest points.
And are you saying that in previous recessions more people had jobs? Unemployment dropped?
I would in general ignore most economists and so called experts regardless of the country they work in. The ones to listen to are the ones who say they don't know what happens next.
I shared an article from CNBC's website which was posted on Twitter as a link. I don't watch CNBC.
But as Adindas watches and endorses CNBC as an economics seat of learning, I'm surprised he didn't know about the Jamie Dimon piece.Did I ever say I do not know who Jamie Dimon is ?. I said I listen to anyone pro and contra but I make up my own decision.I also said I do not listen to non authoritative sources, a prophet making such prediction like the stock market dive 80%.
You still haven't answered my questions...
Is CNBC where we should be going for our economics? Which economists are you quoting from CNBC?
Are you saying that in previous recessions more people had jobs? Unemployment dropped?If you just Browse CNBC television, you could still see many videos from previous session. Agin I will need to repeat I never say I believe what have been said. I listen pro and contra and I make up my own decision.I was asking you about this"Also have you ever seen in the previous recession / depression in the history where unemployment rate were at the lowest points"Currently the unemployment in the US (even in the UK) is almost the lowest point, there are lot of jobs are unfilled.This is contrary to historic Recession, Great Depression were it was always be accompanied with high unemployment People losing job because of the economy are not doing well.0 -
adindas said:Type_45 said:adindas said:Type_45 said:Prism said:Type_45 said:adindas said:Type_45 said:adindas said:Type_45 said:adindas said:Type_45 said:adindas said:Type_45 said:adindas said:Type_45 said:
Gold? But that price will presumably come down too, so timing it right could be profitable.
Regarding the markets, I was looking at some graphs yesterday of bear markets of the past. They suck money in from the sidelines with promising rallies. Sometimes the rallies will be 20%+. Only to fall even further.
"The job of a bear market is to take as much money as possible" - Someone on Twitter.That why it is called bear market. In the bear market the market have more tendency to fall rather than to rise.It is the hearsay. Do not bet against the market trend. Do not bet against the FED.You will need to stop reading rubbish from some random prophet you do not know from social media. Focus more on authoritative sources.The market is not sucking people money. It is the people emotion such as panic buying, selling, that prompt people to move to different type of assets. Stock is not the only market in investing, there are competing options such as bonds, commodities (gold, silver, oils, etc), properties, antic collectible, paintings, etc). People rotating their money that cause yo-yo in the market. The money is not gone, it is only that it is not in the stock market. If the FUD, uncertainty in the market is removed, the confidence restored the people will start put their money into the stock market.Also the markets are also full of traders who could do trading in both direction of the markets, the hedge funds, etc the people who know what they are doing.Well, I might have missed but did Jamie Dimon ever said the stock marker will dive at 80% before returning to up trend? any link ??Also even they are experts they never get it right all the time 100%. For that reason it is important to listen to both sides and you make up your own judgement.
"Jamie Dimon says ‘brace yourself’ for an economic hurricane"Did you notice he also said this"Right now, it's kind of sunny. Things are doing fine. Everyone thinks the Fed can handle this. That hurricane is right out there down the road coming our way. We just don't know if it's a minor one or superstorm Sandy... or Andrew or something like that," he said.Even CPI is coming down gradually but it can not be said that the hurricane is over as the Fed has scheduled QT, to begin this month and will ramp up to $95 billion a month in reduced bond holdings.Once the FED start reducing its balance sheet it will be another plunge in the market.The war in Ukraine has been priced in the market but its impact on commodities, including food and fuel. But once Oil could hit $150 or $175 a barrel said, that will be another story.Also beside the low unemployment rate the the US bank and US banks and consumers are doing fine right now, there are about US$2T are sitting in saving account. This money will start to flowing back to the stock market once the confidence is restored because money ins saving is just money losing strategy in the long run.
Are you going to answer that point? Or are you going to pretend that my previous post didn't happen?
I do not follow any expert. I listen and watch all of their views pro and contra and I make up my own decision. What previous post are you talking prediction from prophet that the stock market will fall 80% ?? I already answered that and I give my reasoning.
You said the "current low unemployment rate means we are close to the bottom, according to strategists and analysts".
Who exactly are these strategists and analysts? Please provide a link to where they said this. Please give us their names.If you watch CNBC TV regularly, many analysts / strategists are saying that.Also have you ever seen in the previous recession / depression in the history where unemployment rate were at the lowest points.
And are you saying that in previous recessions more people had jobs? Unemployment dropped?
I would in general ignore most economists and so called experts regardless of the country they work in. The ones to listen to are the ones who say they don't know what happens next.
I shared an article from CNBC's website which was posted on Twitter as a link. I don't watch CNBC.
But as Adindas watches and endorses CNBC as an economics seat of learning, I'm surprised he didn't know about the Jamie Dimon piece.Did I ever say I do not know who Jamie Dimon is ?. I said I listen to anyone pro and contra but I make up my own decision.I also said I do not listen to non authoritative sources, a prophet making such prediction like the stock market dive 80%.
You still haven't answered my questions...
Is CNBC where we should be going for our economics? Which economists are you quoting from CNBC?
Are you saying that in previous recessions more people had jobs? Unemployment dropped?If you just Browse CNBC television, you could still see many videos from previous session. Agin I will need to repeat I never say I believe what have been said. I listen pro and contra and I make up my own decision.I was asking you about this"Also have you ever seen in the previous recession / depression in the history where unemployment rate were at the lowest points"Currently the unemployment in the US (even in the UK) is almost the lowest point, there are lot of jobs are unfilled.This is contrary to historic Recession, Great Depression were it was always be accompanied with high unemployment People losing job because of the economy are not doing well.0
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