sree251 · 41-45, M
@BizSuitStacy
I am no economist. I am reporting what the economists are saying.
Like I said, I am no economist. I am just hanging out here where losers gather to kill time.
Yeah, that is what we all learn from watching movies.
You will have to consult Professor Jeffery Sachs on this. I watch his podcasts. Do you?
So your rationale is because the economy is good, it's gonna be bad? 🙄
I am no economist. I am reporting what the economists are saying.
The primary cause of the crash of '29 was due to so many investors over extending themselves and were unable to cover margin calls.
Like I said, I am no economist. I am just hanging out here where losers gather to kill time.
The cause of the housing market crash of 2008 was caused by the government forcing banks to loosen their lending requirements to buyers who otherwise wouldn't qualify because of the risk of being unable to pay their mortgages. Look up the Community Reinvestment Act and redlining (thank you Jimmy Carter and Bill Clinton). Not only did many more investors qualify for loans, lenders increased the amounts people could borrow against their income. The demand for housing rose, in entity dropped, driving housing prices up. Loans were bundled together into MBSs, and then the foreclosures began. Crash!
Yeah, that is what we all learn from watching movies.
So, tell us about the market fundamentals now that are going to cause the next crash.
You will have to consult Professor Jeffery Sachs on this. I watch his podcasts. Do you?
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whowasthatmaskedman · 70-79, M
@sree251 I know this is a matter of personal choice. But wouldnt it be safer to simply be elsewhere when it happened?😷
sree251 · 41-45, M
@whowasthatmaskedman
Where? The entire planet will be affected by the economic depression. No place is safe except off-grid on a vegetable farm.
I know this is a matter of personal choice. But wouldnt it be safer to simply be elsewhere when it happened?😷
Where? The entire planet will be affected by the economic depression. No place is safe except off-grid on a vegetable farm.
whowasthatmaskedman · 70-79, M
@sree251 Up to a point thats true. Its complicated. But the crib notes version is that the $US has been artificially kept afloat by prinint money for over a decade now. since "Quantitative Easing"in fact. about 2011. Now thats all very well under Keysian economics, but the rules are it can only go on for so long, it should be aof r a constructive purpose. And the money has to be paid back eventually.
If all three of those conditions arent met, then the debt leaks into the system in the form of diluting the value of the currency. Thats inflation if it happens with the national economy.. Or devaluation of the currency if the nation spends up on imports. Those are just economic facts. And America has broken all three of those rules. The longer you keep printing, the less effective it is in saving the economy..And you reach the point where inflation becomes hyperinflation. America being the international reserve currency and gaming the international banking system allowed it to go on longer than most. But the grip in that title has slipped and the other nations are now buying from each other without paying America a commission. In a recession/depression the volume of trade drops. That hurts everyone.The nations that import more than they export get hurt more.. And the country whose currency fewer people want get hurt the most..America will soon have a drop in domestic comsumption in real terms. Get less revenue for the goods it expoerts and pay more for the goods it imports. Do I need to connect that to employment and conditions and from there to taxation revenue?
America is agoing to be hurt as badly as any other banana republic. Even the Tourism is stuffed..
If all three of those conditions arent met, then the debt leaks into the system in the form of diluting the value of the currency. Thats inflation if it happens with the national economy.. Or devaluation of the currency if the nation spends up on imports. Those are just economic facts. And America has broken all three of those rules. The longer you keep printing, the less effective it is in saving the economy..And you reach the point where inflation becomes hyperinflation. America being the international reserve currency and gaming the international banking system allowed it to go on longer than most. But the grip in that title has slipped and the other nations are now buying from each other without paying America a commission. In a recession/depression the volume of trade drops. That hurts everyone.The nations that import more than they export get hurt more.. And the country whose currency fewer people want get hurt the most..America will soon have a drop in domestic comsumption in real terms. Get less revenue for the goods it expoerts and pay more for the goods it imports. Do I need to connect that to employment and conditions and from there to taxation revenue?
America is agoing to be hurt as badly as any other banana republic. Even the Tourism is stuffed..
carpediem · M
You run and hide. I think that's a great plan. And don't forget to close the door and lock it tight. I know people just like you who locked themselves indoor and waited for the bodies to pile up in 2020.
If you don't mind, I am going to invest in index funds and ride the market up. But by all means, please....for your own well being, close and lock that door tightly.
If you don't mind, I am going to invest in index funds and ride the market up. But by all means, please....for your own well being, close and lock that door tightly.
whowasthatmaskedman · 70-79, M
On the other hand, in countries that are forward looking this will spur the expansion of electric vehicles and the supporting infrastructure and allow a faster market penetration of the next generation of Chinese EVs, further eroding the US competition (such as it was) and leaving those late comers to the market to fall behind. I am looking at you America..😷
swirlie · 31-35, F
@whowasthatmaskedman
Very good point. I shall contact my local Dodge Dealer and promptly cancel my order for the 2026 Ram pickup truck with 30 inch wheels, twin-turbocharged 5.2 liter engine I ordered, including 4 wheel drive (which I ordered just in case I get stuck in a sink-hole in downtown Toronto in a rainstorm), which includes the chrome-plated ladder which conveniently extends from the rocker panels to ease in the boarding process whilst wearing my ankle-length, very sparkly, Diana Ross evening dress which of course is worn with high heels, right?
...and which of course includes as part of the order, the standard American gun rack that fits into the back window but will ultimately remain empty in my case since less fearful heads prevail in Canada and open-carry of rifles and machine guns are therefore strictly forbidden here.
But the gun rack would make a good drying rack for swimsuits after a day spent down at the swimming hole with the girls I suppose, so maybe that wasn't such a bad idea to order the gun rack with the Hemi engine as an inclusive package which of course is marketed as "The American Identity Package" straight from the manufacturer.
From here on in, my money is on Korea and Japan. Thanks for the tip! 🛻
Very good point. I shall contact my local Dodge Dealer and promptly cancel my order for the 2026 Ram pickup truck with 30 inch wheels, twin-turbocharged 5.2 liter engine I ordered, including 4 wheel drive (which I ordered just in case I get stuck in a sink-hole in downtown Toronto in a rainstorm), which includes the chrome-plated ladder which conveniently extends from the rocker panels to ease in the boarding process whilst wearing my ankle-length, very sparkly, Diana Ross evening dress which of course is worn with high heels, right?
...and which of course includes as part of the order, the standard American gun rack that fits into the back window but will ultimately remain empty in my case since less fearful heads prevail in Canada and open-carry of rifles and machine guns are therefore strictly forbidden here.
But the gun rack would make a good drying rack for swimsuits after a day spent down at the swimming hole with the girls I suppose, so maybe that wasn't such a bad idea to order the gun rack with the Hemi engine as an inclusive package which of course is marketed as "The American Identity Package" straight from the manufacturer.
From here on in, my money is on Korea and Japan. Thanks for the tip! 🛻
whowasthatmaskedman · 70-79, M
@swirlie Funny how some memories lead you straight to others, isnt it?
[media=https://youtu.be/bjZe83Ww6Fg]
[media=https://youtu.be/bjZe83Ww6Fg]
sree251 · 41-45, M
@Gibbon
What about your joints at the knee and hip?
Quality of what?
I have legs that are angry with me for not using them enough. Does that satisfy you.
What about your joints at the knee and hip?
After working Quality assurance all my life and the effing bureaucracy in the government I've been tainted by the left to the extreme.
Quality of what?
Gibbon · 70-79, M
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BizSuitStacy · M
sree251 · 41-45, M
@sree251 @MoveAlong
@BizSuitStacy is not thinking like an active participant in a democracy. He is thinking like a soldier in Trump's army riding into the Valley of Death.
https://www.poetryfoundation.org/poems/45319/the-charge-of-the-light-brigade
The Charge of the Light Brigade
By Alfred, Lord Tennyson
I
Half a league, half a league,
Half a league onward,
All in the valley of Death
Rode the six hundred.
“Forward, the Light Brigade!
Charge for the guns!” he said.
Into the valley of Death
Rode the six hundred.
II
“Forward, the Light Brigade!”
Was there a man dismayed?
Not though the soldier knew
Someone had blundered.
Theirs not to make reply,
Theirs not to reason why,
Theirs but to do and die.
Into the valley of Death
Rode the six hundred.
III
Cannon to right of them,
Cannon to left of them,
Cannon in front of them
Volleyed and thundered;
Stormed at with shot and shell,
Boldly they rode and well,
Into the jaws of Death,
Into the mouth of hell
Rode the six hundred.
IV
Flashed all their sabres bare,
Flashed as they turned in air
Sabring the gunners there,
Charging an army, while
All the world wondered.
Plunged in the battery-smoke
Right through the line they broke;
Cossack and Russian
Reeled from the sabre stroke
Shattered and sundered.
Then they rode back, but not
Not the six hundred.
V
Cannon to right of them,
Cannon to left of them,
Cannon behind them
Volleyed and thundered;
Stormed at with shot and shell,
While horse and hero fell.
They that had fought so well
Came through the jaws of Death,
Back from the mouth of hell,
All that was left of them,
Left of six hundred.
VI
When can their glory fade?
O the wild charge they made!
All the world wondered.
Honour the charge they made!
Honour the Light Brigade,
Noble six hundred!
When 120 tankers a day are going through the strait and I'm paying less than $3 for gas like I was in February come back and tell me what we won.
@BizSuitStacy is not thinking like an active participant in a democracy. He is thinking like a soldier in Trump's army riding into the Valley of Death.
https://www.poetryfoundation.org/poems/45319/the-charge-of-the-light-brigade
The Charge of the Light Brigade
By Alfred, Lord Tennyson
I
Half a league, half a league,
Half a league onward,
All in the valley of Death
Rode the six hundred.
“Forward, the Light Brigade!
Charge for the guns!” he said.
Into the valley of Death
Rode the six hundred.
II
“Forward, the Light Brigade!”
Was there a man dismayed?
Not though the soldier knew
Someone had blundered.
Theirs not to make reply,
Theirs not to reason why,
Theirs but to do and die.
Into the valley of Death
Rode the six hundred.
III
Cannon to right of them,
Cannon to left of them,
Cannon in front of them
Volleyed and thundered;
Stormed at with shot and shell,
Boldly they rode and well,
Into the jaws of Death,
Into the mouth of hell
Rode the six hundred.
IV
Flashed all their sabres bare,
Flashed as they turned in air
Sabring the gunners there,
Charging an army, while
All the world wondered.
Plunged in the battery-smoke
Right through the line they broke;
Cossack and Russian
Reeled from the sabre stroke
Shattered and sundered.
Then they rode back, but not
Not the six hundred.
V
Cannon to right of them,
Cannon to left of them,
Cannon behind them
Volleyed and thundered;
Stormed at with shot and shell,
While horse and hero fell.
They that had fought so well
Came through the jaws of Death,
Back from the mouth of hell,
All that was left of them,
Left of six hundred.
VI
When can their glory fade?
O the wild charge they made!
All the world wondered.
Honour the charge they made!
Honour the Light Brigade,
Noble six hundred!
MoveAlong · 70-79, M
@BizSuitStacyWhen 120 tankers a day are going through the strait and I'm paying less than $3 for gas like I was in February come back and tell me what we won.
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sree251 · 41-45, M
@MarkPaul
Yes, he certainly thinks that the world is his oyster because he has the ability to do anything he wants as US President. Trump is wearing the power of his office like Tony Stark donning his Iron Man suit.
In Pedophile Cry-Baby-trump's delirium he is no longer happy enough to drive the USA into the ground, now he wants to claim the entire world. Apparently, only his dementia will stop him.
Yes, he certainly thinks that the world is his oyster because he has the ability to do anything he wants as US President. Trump is wearing the power of his office like Tony Stark donning his Iron Man suit.
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