I genuinely won't be surprised if the world completely ends to be honest. Finally got some people to listen to me about trading and looks like things are moving forward which will be very favorable for me, so would make sense for everything to collapse before I can pull a large sum of money out of the markets.
This is the end. We are witnessing collapse of the global economy
- Thread starter orbit23
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How exactly does one define "the world completely comes to an end?"
In my mind, as I am of a scientific bent, is that we get a 20-mile-wide asteroid crashing into the earth. Or the moon slips out of orbit and scrapes my gutters.
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I'm guessing this is your first rodeo.
Yeah, I remember back in '08 when I was shitting my pants, stocking up on physical silver because money was going to be worthless in a year, watching bear sterns that had been around for 100+ years collapse along with a lot of banks. Even saw people making "bank runs" because they thought the banks would run out of cash.
1 month from now, this will seem like a weird dream.
It already seems like a weird dream. Literally as op said, everything is shutdown. People are being laid off by the millions. Businesses are refusing to pay rent (when have we ever seen that). Millions
of tenants will start missing their rent payments(no talk of govt help on this, it's too big). Pandemic might go away in a month, but none of this other stuff does, nor does the economic fallout that will come with it. Not the end of the world, but a very different world for a long time.
of tenants will start missing their rent payments(no talk of govt help on this, it's too big). Pandemic might go away in a month, but none of this other stuff does, nor does the economic fallout that will come with it. Not the end of the world, but a very different world for a long time.
Well I wasn't being completely serious. More like maybe the world ending as we know it (who knows maybe trading somehow, some way won't be viable or maybe the markets go completely unhinged). Just saying that would be my luck after pouring my entire life into trading and literally when the probabilities sky rocket of it starting to look like it will finally pay dividends, something majorly changes.
Of course that's a selfish the world revolves around me view. I can appreciate that, but hey I am human don't ask so much from me lol.
Been there, done that. (and still doing it.) Nothing wrong with being a little selfish and griping about your foibles.
Make believe you just had a beautiful vacation in Hawaii (before the virus) and are heading back to your luxury home in LA (before the virus). Good flight!!
There has been talk of this. Evictions have been banned right now and any landlord can defer payments for up to 4 months if they claim hardship. They don't even need to document it if it's a 1-4 unit. They just have to "say" it and they get a deferment. 5+ and they have to give a written document.
So tenants are ok for 4 months and landlords are ok for 4 months.
There's like 800 pages in this bill. They've pretty much got all the bases covered. The only problem we face now is keeping landlords and tenants educated on this.
what bearish position?