Global Depression 2022 - Time to do the Breadline Boogaloo!

[Meat Target]

I knew that the Fed would meet up on wednesday.

75 to 100 basis points, tovarisch.

What I DIDN'T know was that the VIX options expire also this wednesday.
And the "triple witching hour" is this friday.

What does this mean?

 

[The Ugly One]

The only rational way forward according to the CATO institute is further deprive american workers (as brown as they may be) to foreign market competition. Shipping, dredging, you name it.

https://twitter.com/cpgrabow/status/1534588977281478656

"What benefit could requiring the maintenance of a fleet of merchant ships possibly have," said the absolute fucking moron who has apparently zero knowledge of anything between the Persian Wars and World War Two.

 

[Blitzsneed]

What does this mean?

VIX (Volatilitiy Index) options:
When the S&P 500 prices fluctuate, the VIX increases with the severity of the price changes. It is a prediction of the next 30 days of how volatile the market will be, and it's used by investors as a tool for speculation to check the risk that is involved with trading stocks. If it's high, less people with a sound mind want to invest in something.

Triple witching hour:

Triple witching days generate trading activity and volatility because contracts that are allowed to expire may necessitate the purchase or sale of the underlying security.

Source

The day to pay up if you've made losses. If you're into debt (which many rich individuals/banks/etc. like to play around with), have fun paying it back. If you're exceptionally retarded, you get into even more debt (yes, this also does exist) to get rid of the "previous" debt you had to pay off just now. With interest of course.

 

[Polarity]

There is a limit to how much you can get from sterilizing the native population, putting them to work in offices tasks, driving home prices to the stratosphere, and shipping in barely-literate foreigners to do the menial work. Between that and turning the military into a women-led LGBTQ+ pride festival, seems like this is a rotten edifice just waiting for somebody to hit it just right.

I enjoy the doomposting as much as the next Kiwi, but I feel we're a bit too optimistic that this is the house of cards finally falling. I think most of the extreme fear is due to everyone forgetting that markets can go down after the gov decided that QE was permanent for some reason. Boomers need RVs after all.

I bet tech will shrink a bit, lots of the shit startups will fold and 300K salaried devs will learn that it doesn't actually take a 300K salary for anyone to build a website or app. We imported tens of millions of Indians and after all this tech irrational exuberance ends (caused by effective 0% interest rates) people are going to learn the hard lesson of why being "woke" and importing everyone doesn't help the American worker. Everything reverts to the mean -- so too shall tech salaries.

I bet bottom will be around 2500 in the S&P and we'll trade sideways for the long time as the Fed doesn't have the guts or will to crank interest rates to 10%, Prepare for five years of extreme mediocrity.

Heck if I know on housing -- interest rates should obliterate the market but knowing the government they'll try to forgive all mortgage debt, let people delay payments for a decade, or something equally stupid. Maybe we can pass a national prop 13 somehow, will need a constitutional amendment for that one.

 

[Puff]

Heck if I know on housing -- interest rates should obliterate the market but knowing the government they'll try to forgive all mortgage debt, let people delay payments for a decade, or something equally stupid. Maybe we can pass a national prop 13 somehow, will need a constitutional amendment for that one.

They will not. That would hurt the elite and help the working class. This will not do.

 

[FFinfo]

They will not. That would hurt the elite and help the working class. This will not do.

Yeah, what they'll actually do is freeze interest for enormous conglomerates already buying with free money and let the poor bastards that just bought homes at the top get bent over.

 

[Beavis]

10% interest rates would the US would spend three trillion a year servicing the the interest in the national debt. I don’t even think the economy can withstand 5% rates tbh, but it’s necessary. The fed will do some half measure like stopping at 2.5% and wondering why it has t made a dent in inflation.

 

[Skitarii]

Depression's not real, pull yourselves up by the bootstraps

 

[Polarity]

10% interest rates would the US would spend three trillion a year servicing the the interest in the national debt. I don’t even think the economy can withstand 5% rates tbh, but it’s necessary. The fed will do some half measure like stopping at 2.5% and wondering why it has t made a dent in inflation.

I hope this happens because this is the only outcome that results in people losing their jobs in DC for the first time in US history. (i.e., the government has to do the unthinkable and... cut spending)

 

[The Ugly One]

I enjoy the doomposting as much as the next Kiwi, but I feel we're a bit too optimistic that this is the house of cards finally falling. I think most of the extreme fear is due to everyone forgetting that markets can go down after the gov decided that QE was permanent for some reason. Boomers need RVs after all.

I bet tech will shrink a bit, lots of the shit startups will fold and 300K salaried devs will learn that it doesn't actually take a 300K salary for anyone to build a website or app. We imported tens of millions of Indians and after all this tech irrational exuberance ends (caused by effective 0% interest rates) people are going to learn the hard lesson of why being "woke" and importing everyone doesn't help the American worker. Everything reverts to the mean -- so too shall tech salaries.

I bet bottom will be around 2500 in the S&P and we'll trade sideways for the long time as the Fed doesn't have the guts or will to crank interest rates to 10%, Prepare for five years of extreme mediocrity.

Heck if I know on housing -- interest rates should obliterate the market but knowing the government they'll try to forgive all mortgage debt, let people delay payments for a decade, or something equally stupid. Maybe we can pass a national prop 13 somehow, will need a constitutional amendment for that one.

I think the loss of the US empire is going to have more serious consequences than that. When we talk about the USA becoming more and more like Brazil, recall that Brazil has zero ability to push other countries around.

 

[Puff]

I think the loss of the US empire is going to have more serious consequences than that. When we talk about the USA becoming more and more like Brazil, recall that Brazil has zero ability to push other countries around.

Currently our military is still fucking enormous. We don't do anything with it and they're systematically replacing soldiers with trannies, but for now it's still the biggest one on the block.

 

[Blobby's Murder Knife]

Thing about housing is, there are a lot of people who are paying sub 3% mortgages. There is no incentive for people to sell who hold these mortgages because you would now be paying twice as much for the same house you have now. Inventories will still be fairly tight and prices retarded. Unlike the last crisis, most people were much better vetted for their mortgages and less people are in ARMs.

 

[OrangeJuliusEvola]

Somebody is calling in favors to make us hurt.

Calling in favors? Nah, all these folks have been waiting years to decades to give us the finger without cruise missiles or regime change hitting their asses. Sow stupid winds, reap stupid whirlwinds or something.

 

[Takayuki Yagami]

Boomers desperately don’t want to see another sustained downturn in their lifetimes. What’s the over under on merica trying to print their way out of this shit again?

Absolute. The other attempts never really stopped.

 

[Kane Lives]

Absolute. The other attempts never really stopped.

One could reasonably surmise that we got into as deep a shit as we're in now because of continuous printing of money.

 

[Angry Alt Right Nerd]

It's beyond economics at this point. Suddenly all of our good friends in the middle east are real hard to get in touch with. The same OPEC that had production ramped up to the tits in a bid to destroy our domestic oil industry is suddenly shrugging, saying "sorry dude its just reallyyyy reallyyy hard to ramp up production, y'know?" China and Russia are suddenly making aggressive moves in our own backyard in SA. Iran decides to push Bidens buttons and shut off their nuke cams. It just feels like there's a concerted effort to put the squeeze on the American Empire now that they've seen it stumble. Somebody is calling in favors to make us hurt.

More like everything that made America great that boomers liked to brag about was unsustainable and was always going to collapse eventually. Hopefully they live long enough to see their retirements burn.

 

[Socrates]

More like everything that made America great that boomers liked to brag about was unsustainable and was always going to collapse eventually. Hopefully they live long enough to see their retirements burn.

Like they'll let that happen, they'll just make us all work more for less like they always do.

 

[I Love Beef]

Like they'll let that happen, they'll just make us all work more for less like they always do.

Hope they like civil unrest. No amount of underground bunkers and traveling to other countries will save their asses then.

 

[Dog-O-Tron 5000v5.0]

Depression's not real, pull yourselves up by the bootstraps

Hahahahahahahaha How The Fuck Is Economic Depression Real Hahahaha Nigga Just Walk Away From The Stawk Market Like Nigga Close Your Eyes Haha

 

[Meriasek]

Things are gonna be fun in the near future. Much more funner than they are now.
Interrupted supply chains finally let the inflation through, after being kinda hidden underneath outsourcing everything to third world countries. China facing recession will really fuck things up.
Demographics are shot. High dependency ratio, low fertility. Immigration mostly coming from places that bring no benefit.
Impending energy crisis, and increasing Green influence making said energy crisis worse.
Uke-war disrupting food chains, lack of fertilizer, lack of Ukrainian grain.
Particularly Germany has simply been shutting its eyes the past decades and coasted on its wealth. That's over now, and we're gonna pay a hefty price for that this winter. The rest of the EU is likely going to be dragged down.

Can't say I'm happy with this situation.
I want to leave, but where to go? Shit will hit the fan pretty much globally, so really, the only choice for the coming austere life is the scenery.