How much longer will this bear market go on for?

Millyonare

Bobziz said:

Millyonare said:

Bobziz said:

Millyonare said:

Type_45 said:

Millyonare said:

aroominyork said:

Terry Smith: 

Millyonare said:

sevenhills said:

Millyonare said:

Right now, the IMF says the UK is the fastest-growing G7 economy in 2022, with the 2nd lowest debt. That is good news.

https://commonslibrary.parliament.uk/research-briefings/sn02784/

Yes, that is what our government say too. If you read the link, it explains why it happened. Except that it was 2021, we are in 2022 now, so the figures are not out yet.
It was because our economy shrank the most in 2020.

Nice try 😉

https://pbs.twimg.com/media/Fey_qgZXoAIGxCO?format=jpg

Except, as we have been told manifold times, we are about heading to the bottom of that graph.

Except, as posted manifold times, the UK is prone to forward-looking misery, doom and hysteria. We as a nation are always desperate to talk down the future economy. We love nothing more than to forecast recessions, housing falls, unemployment, and they often don't happen. We revel in misery and self-loathing. Look at the hysteria before Brexit, when the economy was going to crash. It didn't. Look at the hysteria before Covid, when the housing market was going to crash. It didn't. And on and on. Rinse and repeat.

The IMF says the UK is the fastest-growing economy in the entire global G7. The 2nd lowest debt in the G7. Unemployment is as close to full as it will ever get. Everyone who wants one has a job. Wages are rising. House prices are rising.

The UK is in much better shape than the hysterical headlines that few read beyond.

Meanwhile, in reality:

Good old Bank against England (BaE). They never miss a chance to talk down the future UK economy and project misery and defeatism onto the international stage.

Both Natwest and Metro retail banks have said in recent days that there is zero sign of added UK customer distress. These doom-loop forecasts from the BaE again look way out of whack.

This NatWest ? https://www.reuters.com/business/finance/natwest-reports-flat-profit-economic-outlook-dims-2022-10-28/

This Natwest.

https://www.cityam.com/natwest-no-signs-of-heightened-financial-distress-from-customers-yet/?amp=1

So the calm before the storm. Let's see how it looks next March. I hope you're right and it is all unnecessary doom and gloom.

As I've said before, reality seems likely to be somewhere between 'everything's rosie' and 'we're all doomed'.

The populist narrative is overwhelmingly one of predicting doom and misery. We're trapped in a neverending doom-loop vortex of forward-looking hysteria. Humans are very susceptible to the power of suggestion (POS). Our glorious "leaders" are hell-bent on talking the nation down into recession. It's all so needless.

aesthetic

DoublePolaroid said:

I for one am certain that humanity is going to technologically stagnate and no further advances will be made, ever. 

   

aesthetic

Type_45 said:

DoublePolaroid said:

I for one am certain that humanity is going to technologically stagnate and no further advances will be made, ever. 

I for one am certain that humanity's future technological advancements are not dependent on Facebook, Amazon, Alphabet and Microsoft.

Once again, you have absolutely no idea what you are waffling about and yet you say it with such conviction. Brilliant!

coyrls

Type_45 said:

The technological future of humanity not looking good today. If Zuckerberg and Bezos don't sort this out we'll be lighting fires with sticks in caves soon.

Do you really think that the share price of Amazon and Meta have any relevance to the technological future of humanity?

Martico

Is this the start of a shift in the narrative from "80% fall this year" to "80% fall over the next ten years"?
Asking for a curious reader of this thread

masonic

Type_45 said:

masonic said:

Always a good idea to listen to the economic advice of an obscure comedian turned covidiot.

I'd disagree with his "10 years of managed economic pain" prediction.

I don't think it will be managed at all. It will be 10 years of badly-managed, chaotic economic pain which will need some very drastic and radical measures to put right. Eg, a new financial system and currency and the reduction of western living standards. 

There's less than 2 months left to avert the pain of an 80% market crash, and none of the experts have even cottoned on to the fact it's about to happen, let alone taken any action to pivot from this course. If only they had more of an awareness of your work.

Type_45

Who had "the crash will be led by Big Tech collapsing" on their bingo card?

DannyCarey

Riveting read this. 

Type_45

Longest ever!

Bank of England expects UK to fall into longest ever recession

https://www.bbc.co.uk/news/business-63471725

Type_45

No wonder Jim Cramer was crying on TV recently having advised people to invest in these stocks.