Global Depression 2022 - Time to do the Breadline Boogaloo!

[AbendCode12]

This Guido who gives free market advice online seems to think it is "EXTREME RISK" market in maroon.

https://www.mannarino-market-risk-indicator.com/MMMRI/

https://www.youtube.com/watch?v=YGcdHwjCpkg

 

[Knight of the Rope]

Why did I come into this thread? I was having a good day...

Anyway, the VIX is already not looking so hot either, so that'll be another thing to watch in the immediate short term. If that thing gets to 40ish or so, shit's happening. Anything above 30 is already pretty bad.

 

[Raoul_Duke]

So, is it time to get in breadlines, break out the swastika armbands, and wheelbarrow around loads of cash?

 

[Simple Moving Average]

Now you know that inflation is just beginning.

Spoiler

View attachment 3251936

If Cramer pitches a stock, short it.

Come to think of it, maybe I should look into setting up an ETF..

 

[Cpl. Long Dong Silver]

So, is it time to get in breadlines, break out the swastika armbands, and wheelbarrow around loads of cash?

Don't forget kike gassing, way to bury the lede

 

[Polarity]

If we're lucky, the next recession will wipe out a lot of the shit-tier startup software development SaaS jobs, which will absolutely murder a big chunk of the middle-class who purchased a massively inflated house in the last four years. Best part is, with inflation surging, the government can't do the one, only thing they can ever do: print money.

Almost no one in this market has seen their portfolio drop since 2008 (unless you were a dumbass and sold during the start of Covid-19 when the market dropped before the money floodgates opened). People are going to scream bloody murder when everyone's great plan to FIRE at 30 with a 100% stock portfolio melts down. Good luck buying the dip when the dip lasts for years.

On the plus side, maybe the NYT will go bankrupt and Paul Krugman will have to do something useful with his life.

 

[Zbk3VmLfujjzjxBd43tL]

It’s poppingView attachment 3251355

Cramer said some great things about the market in 2008 too. Dude has pretty much never been right, like if you buy his stock picks you will fall well below how the market performs. He has to be on the air solely for the purpose of getting boomers to throw their money into the stock market so hedgefunds can take it. Remember, he has his own stock portfolio but it isn't the stocks he's recommending on TV.

Fucking hell, and I though western Europe and the US had it bad
View attachment 3251694

Inflation in Turkey is nothing new, Erdogan has been runing his economy in an incredibly stupid manner for years.

On the plus side, maybe the NYT will go bankrupt and Paul Krugman will have to do something useful with his life.

It's too useful as a propaganda outlet, just like the Washington Post someone llike Bezos will buy it to use as a mouthpiece.

 

[wtfNeedSignUp]

I've got a tidy sum in the bank (not enough for any substantial purchase) and wondering what the fuck I'm going to do with it, since stocks look to me like an incoming avalanche waiting to happen.

 

[Ruin]

I've got a tidy sum in the bank (not enough for any substantial purchase) and wondering what the fuck I'm going to do with it, since stocks look to me like an incoming avalanche waiting to happen.

Just save it. My savings account is outperforming my IRA right now.

Do not buy the dip.

 

[Dog-O-Tron 5000v5.0]

Gold and silver are still relatively cheap, compared to where they might go in a full bore depression. If silver is $40 and gold is $2500 in a couple years while the dollar is tanking and inflation is getting MASSIVE GAINZ it would be a better ROI than speculating on stocks which may not have seen the floor this week.

 

[FAQnews Correspondent]

It’s poppingView attachment 3251355

How many times has inflation peaked in the last year?

 

[Blobby's Murder Knife]

Gasoline is rapidly approaching half my discretionary budget. Half. Thats the money I could have been spending at a restaurant. Buying new clothes. Maybe a Vidya Gayme. Instead it's literally going into my tank and set on fire.

I can't imagine this is a unique circumstance.

Just as an example. Last year I spent maybe 40 dollars a week on gasoline. Now I am spending close to 100 dollars a week. That is 60 extra dollars, times 4, which is 240 dollars extra. I've definitely had to cut back in many areas. Restaurants and Coffee shops for the most part. Now I bring a bag lunch to work, and I wolf down two cups of coffee before heading out the door.

My little snowflake on the mountain. Combined with everyone else's, turning into an avalanche.

Yeah, I just had to pay $5.39 a gallon for diesel and I noticed it was $4.92 for 87 unleaded. At least I don't have 50 gallon dually tanks like the dude in front of me. I think he had to stop three times because the pump kept maxing out on his purchase. $539 bucks just in gas right there. Even at $2 a gallon would not have been a cheap fill up, but damn.

 

[Herty]

The economy looking great

 

[K-Hole]

Some links:

https://www.energylivenews.com/2022/05/06/soaring-fuel-costs-put-the-brakes-on-employees-commutes/

https://www.dailymail.co.uk/news/article-10788639/UK-train-ticket-prices-cost-rail-travel-set-soar-nearly-12-year.html

https://www.dailymail.co.uk/news/article-10789513/UK-inflation-latest-energy-bills-food-mortgages-by.html

https://www.thegrocer.co.uk/dairy/farmgate-milk-prices-soar-but-still-not-enough-to-offset-costs/667237.article

https://www.pig-world.co.uk/news/pig-producers-lost-58pig-in-q1-as-costs-soaring-even-higher-in-q2.html

https://ifpnews.com/prices-of-some-essential-items-soaring-in-iran-as-govt-eliminates-flour-subsidy/

https://www.axios.com/2022/05/06/fertilizer-prices-food-securtiy

https://www.walesonline.co.uk/news/uk-news/daily-struggle-streets-soaring-cost-23875320

https://www.leicestermercury.co.uk/whats-on/shopping/rising-energy-costs-ukraine-invasion-7034689

https://www.thelocal.de/20220504/cost-of-beer-in-germany-could-soar-by-up-to-30-percent/

 

[Herty]

This won't end well...

 

[mindlessobserver]

This won't end well...
View attachment 3257703

Nope, and want to hear another joke Murray? Unsecured credit card debt is dischargeable in Bankruptcy, and the massive surge in inflation and gas prices does constitute "meaningful change of circumstances". Which means the Banks are fucked.

 

[HTTP Error 404]

Nope, and want to hear another joke Murray? Unsecured credit card debt is dischargeable in Bankruptcy, and the massive surge in inflation and gas prices does constitute "meaningful change of circumstances". Which means the Banks are fucked.

I trust Biden to pass an EO saying Credit Card debt is no longer dischargeable before it comes to that.

 

[Hippopatumus]

Nope, and want to hear another joke Murray? Unsecured credit card debt is dischargeable in Bankruptcy, and the massive surge in inflation and gas prices does constitute "meaningful change of circumstances". Which means the Banks are fucked.

Banks don't mind at all.

Guess what you can't get with a recent BK on your credit? A mortgage.

 

[Darkholme's Dungeon]

This won't end well...
View attachment 3257703

I don't understand much of economics so please enlighten me on what this can due except going into debt and then bankruptcy?

Nope, and want to hear another joke Murray? Unsecured credit card debt is dischargeable in Bankruptcy, and the massive surge in inflation and gas prices does constitute "meaningful change of circumstances". Which means the Banks are fucked.

You really think the government won't bail them out again? I might not understand economics very well, but I understand that the current politicians don't understand the root of the problem and will keep trying the same solutions.

 

[mindlessobserver]

You really think the government won't bail them out again? I might not understand economics very well, but I understand that the current politicians don't understand the root of the problem and will keep trying the same solutions.

I would be fascinated to see how they could.