How much longer will this bear market go on for?

Type_45

It's just a matter of time before the Fed follows the BoE and capitulates. And that will be the end of these currencies.

Rejoice: we may be very close to Fed capitulation

https://www.telegraph.co.uk/business/2022/10/11/rejoice-may-close-fed-capitulation/

Type_45

hallmark said:

And now the BOE has u-turned again and said they WON'T extend bond buying beyond this Friday.  You really couldn't make it up at this point.

Smells like panic to me. How reassuring.

GazzaBloom

Type_45 said:

Catherine Austin Fitz has a different theory. Her's being that in August 2019 the central banks decided they would crush their currencies by printing them into oblivion. That's when the money printing started, in 2019. Not when the pandemic hit. The pandemic merely gave them perfect cover for what they wanted to do anyway.

I'm no historian but I recall US QE starting in 2008...

Type_45

GazzaBloom said:

Type_45 said:

Catherine Austin Fitz has a different theory. Her's being that in August 2019 the central banks decided they would crush their currencies by printing them into oblivion. That's when the money printing started, in 2019. Not when the pandemic hit. The pandemic merely gave them perfect cover for what they wanted to do anyway.

I'm no historian but I recall US QE starting in 2008...

We can agree you aren't a historian, but we'll have to part company at your "recollection that QE started in 2008". It started in the 70s when the USD came off the gold standard, if one wants to pursue that line of debate.

Prism

Type_45 said:

GazzaBloom said:

Type_45 said:

Catherine Austin Fitz has a different theory. Her's being that in August 2019 the central banks decided they would crush their currencies by printing them into oblivion. That's when the money printing started, in 2019. Not when the pandemic hit. The pandemic merely gave them perfect cover for what they wanted to do anyway.

I'm no historian but I recall US QE starting in 2008...

We can agree you aren't a historian, but we'll have to part company at your "recollection that QE started in 2008". It started in the 70s when the USD came off the gold standard, if one wants to pursue that line of debate.

You need to understand what QE is to see that it wasn't introduced until this century, first in Japan and later across the US and Europe. It certainly didn't exist in the 1970s

GazzaBloom

Prism said:

Type_45 said:

GazzaBloom said:

Type_45 said:

Catherine Austin Fitz has a different theory. Her's being that in August 2019 the central banks decided they would crush their currencies by printing them into oblivion. That's when the money printing started, in 2019. Not when the pandemic hit. The pandemic merely gave them perfect cover for what they wanted to do anyway.

I'm no historian but I recall US QE starting in 2008...

We can agree you aren't a historian, but we'll have to part company at your "recollection that QE started in 2008". It started in the 70s when the USD came off the gold standard, if one wants to pursue that line of debate.

You need to understand what QE is to see that it wasn't introduced until this century, first in Japan and later across the US and Europe. It certainly didn't exist in the 1970s

He said it started in 2019, now the 1970s...he's all over the shop. 

LHW99

arnoldy said:

It feels like we need sharp shock therapy, a significant increase in interest rates, a big cut in Government spending and a period of dramatic belt tightening and austerity.  You can't help getting the feeling that we are a country living beyond its productive means, but unable to make the tough decisions. A bit like treating an alcoholic by only allowing half a bottle of scotch a day.

Every time there is a challenge, we seem to throw money (that we haven't got) around. Time to stop all this and take the pain for getting out of this living death.

We almost certainly do need the country to cut its coat according to its cloth. However, the screams of anguish over Osbourne's supposed "austerity" which was nothing like and the even more hysterical reaction to the latest energy crisis - yes a proportion of people will find it very difficult, I suspect mostly those on benefits, or slightly above, which is where some help could be targeted - make it very difficult for any government to maintain course.

IMO there is an even larger proportion of the population (than those actually affected) who make a great deal of noise, but who could quite reasonably endure a bit of belt tightening for a (likely brief) period but have never encountered prolonged inflation above 5%, interest rates above 8% and seem to think the world will end if they have to cope with that.

Type_45

FTSE 250 is close to halving in 2022. And we haven't even begun the economic collapse yet.

Swipe

Whoop whoop

retiringtoosoon

you cant handle the truth!