S&P fell 80% after 1929, and Nasdaq fell 80% after 2000

depression.jpg


I saw queues much longer than this outside my local supermarket in London this week. They werent unemployed yet but they soon could be.
 
Contagian, solvency, credit spreads, financial crisis, emerging markets, capital controls......scrape headlines for these keywords.
Run if you hear "the crisis is contained".
BUT,
dont fight the fed when its time not to.
Will someone ring a bell for me when that time is upon us?
 
southall said:
depression.jpg


I saw queues much longer than this outside my local supermarket in London this week. They werent unemployed yet but they soon could be.
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I think there may be one difference this go around. The people you've seen queuing around your stores have already hoarded a bunch of supplies. Now they are in rampant hoard mode and cannot control themselves? The peeps in the above picture had literally nothing.

Now we have people who have storage bins bursting at the seems still lining up to get even more stuff.

It is maddening. It's not a zombie apocalypse.
 
southall said:
They werent unemployed yet but they soon could be.
More...

They will be. But the excellent thing about imaginary money is the government can pump in exactly the amount of imaginary money that isn't being transferred between bank accounts directly to the people who would have received said imaginary money (except me - cunts). So I expect that we will get a true test of socialism:

The people doing the essential work, have to actually do work, while the rest of us jerk off.
 
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