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Economy crash =/= stock market crash?

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  • adindas
    adindas Posts: 6,856 Forumite
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    edited 7 June 2022 at 10:31AM
    The mini debate whether there will be recession this year or next year ?
    I fully agree that when the oil price surge to US$175, that is what might trigger recession. Oil/Gas price will effect almost everything in everyday life.
    Chances of recession: ETF investors prepare


  • Zola.
    Zola. Posts: 2,204 Forumite
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    Jamie Dimon says a lot of things. 
  • adindas
    adindas Posts: 6,856 Forumite
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    edited 7 June 2022 at 11:21AM
    Zola. said:
    Jamie Dimon says a lot of things. 
    If you notice carefully he did mention various type of hurricanes possibilities, it is not just necessarily very severe.
    "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
    People have seen mild hurricanes by now, are not they ? The stock market is forward looking this has been priced in the stock market. What has not ben expected is if the Oil/Gas skyrocketing such as going to $175+ inflation keep rising uncontrollable, this is not anticipated but could happen.
    The latest CPI figure was reported 8.3% down from 8.5%. The FED has started reducing its balance sheet this June. The CPI figure will be reported this coming Friday, June 10 before the US stock market open. if it is above 8.3%+ (or worse above 8.5%) then it might prompt the query the ability of FED to control the inflation.
  • Zola.
    Zola. Posts: 2,204 Forumite
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  • Malthusian
    Malthusian Posts: 11,055 Forumite
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    I'm often afraid that I might lose all my money by not following the advice of convicted fraudsters.
    Type_45 said:
    It wouldn't matter what the Taiwanese care about.  There are 20 million people in Shanghai, which is the same population size as Taiwan.  In the last few months the CCP has imprisoned the residents of Shanghai, starved them in their flats, and killed their pets.
    Are you trying to write the Taiwanese Zelenskiy's rallying cry to La Resistance for them?
    Just because people will accept all kinds of awful treatment as long as it's coming from "us" doesn't mean they can then go over to "them" and repeat the trick without opposition.
    Your "our population is bigger therefore military victory is guaranteed" theory is not shared by Chinese generals, probably because they've been paying attention to the news from a few miles west recently.
    The Shanghai lockdown was mostly inflicted upon themselves by Shanghaians, not the might of the Red Army. Most of the officials imposing random rules and the thugs patrolling the streets were from the local area.
  • Type_45
    Type_45 Posts: 1,723 Forumite
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    Zola. said:

    A couple of mistakes in his thread that I noticed.

    Which parts don't you agree with and why?
  • Zola.
    Zola. Posts: 2,204 Forumite
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    edited 7 June 2022 at 3:03PM
    What mistakes did you notice?

    I didn't disagree with the general statistics, although it's clearly hyperbolic, despite it all being bat sh*t crazy....  


  • Type_45
    Type_45 Posts: 1,723 Forumite
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    Zola. said:
    What mistakes did you notice?

    I didn't disagree with the general statistics, although it's clearly hyperbolic, despite it all being bat sh*t crazy....  


    I disagreed that printing money causes asset prices to go down. 
  • Type_45
    Type_45 Posts: 1,723 Forumite
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    I also don't know if his figures are correct. I haven't checked. I didn't think the USA was in quite that much debt. I thought it was $30tn.
  • Type_45
    Type_45 Posts: 1,723 Forumite
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    One of my biggest concerns is what could happen to digital money.

    It's entirely possible that it could disappear when the new financial system replaces this broken one

    And that means what you have in the bank, your stocks, and anything else which is only represented by digits on your device screens.

    Don't think it can't happen. 
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