2024 Economic Collapse

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Is it Joever?

  • It's Joever

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  • Kill yourself furfag

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AnimeSucksCopeAndSneed

AnimeSucksCopeAndSneed

"Asscas"
kiwifarms.net
Joined
May 24, 2024
The economy is about to roleplay as a slip n' slide and you better believe you better strap in, because it's going to be a wild ride!

At the time of writing this, Wall Street (The U.S. Stock Market Exchange) has yet to open.

tl;dr:

The East Asian Market is tanking.
CarlosDanger said:
Well, South Korea halted trading because their stock market went down over 8%, Japan halted when it went down 8%, it then proceeded to drop to 10%, rebounded to 7% and is now down almost 12%.

edit: Down nearly 13% now, their biggest drop since Black Monday in 1987.
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Everyone is fucking selling
Selloff Intensifying 8+5+2024.PNG
The Intel CEO is quoting scripture.
Intel CEO Scripture 8+4+2024.png
DOW Jones Futures are PLUMMETING.
Dow Futures Falling 8+5+2024.PNG
NASDAQ Futures Are PLUMMETING ALSO
(Look at those fucking stocks lmfao)
NASDAQ Also look at those fucking stocks lmfao 8+2+2024.PNG
Oil is at an 8 month low
Oil and QNA 8+5+2024.png
On the plus side, at least Lockheed stock is rising! This definitely won't plummet once markets open!
Locheed 8+4+2024.jpg

My advice: either start shorting or invest in cheap food. it's going to suck and as with anything in the economy, all things impact each other one way or another. Warn your loved ones, and get excited!
Based Ron.gif
 
Sold my shares months ago and managed to get some silver. Not going to do much good but at least I bought some supplies and ammo.
 
It'd be funny to see boomers loose all their stock holdings and see their reactions; granted I don't think the us govt will let it happen.
Glad that I stocked up recently on various necessities, no thanks in part to @Null and his self sufficiency board.
 
I am close to retirement so my exposure to stock is quite low in my retirement savings fund.
I bet since the vast majority of my retirement funds right now is in bonds and similar "safe" investments I will make bank.

Even better. If this comes true and the downturn turns real bad, maybe I can affort to have a live-in butler. I always wanted to have a live-in butler.
Anyone interested, pay is in bed and board. You have somewhere to sleep and you will be fed. Hours are 4:30am to 10pm. I get up atv5am every morning and expect breakfast and coffee to be ready. And an ironed newspaper.
Applicants can just DM me with their resume.
 
Cuckoman said:
I am close to retirement so my exposure to stock is quite low in my retirement savings fund.
I bet since the vast majority of my retirement funds right now is in bonds and similar "safe" investments I will make bank.
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Good to hear your monetary situation is safe, this reminds me of what my folks have done with their retirements.
 
Bing AI is bullish (NOTE: This is a joke and kind of expected since Bing AI can do a decent job at retrieving news articles but it is not great at fetching news articles that just came out hours ago. I just thought this was funny and worth pointing out that if you want some help in interpreting this, you better not rely on Bing AI):
Creative:
Bing AI (Creative) 8+5+2024.PNG
Balanced:
Bing AI (Balanced) 8+5+2024.PNG
Precise:
Bing AI (Precise) 8+5+2024.PNG
It shows three articles, but only in-text cites two.
It shows four articles, but only in-text cites one.
It shows three articles but only in-text cites two.
 
Adroc Thurston said:
Good to hear your monetary situation is safe, this reminds me of what my folks have done with their retirements.
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Here is some sincere advice. I learnt this from a guy long time ago.

It you are young, live like a hermit and eat ramen noodles every day and save save save averything you can.
Do this until you have one full years of pre-tax salary in this dedicated savings account.

It does not take that many years but when you are there.
No one can force you to do something you don't want any more.
"I am not gonna cleanup the shit the tranny did in bathroom 5", "then you are fired", "ok, no problem. I will have a month of vacation and find a new job then"

If you are youngish. This is my best recommendation. Save save save. And you will never have to work a job you hate or do shit that disgusts you.
This is freedom.
 
AnimeSucksCopeAndSneed said:
My professionally layman's opinion is that given that we know we were in a recession for AT LEAST the past two years, this may break into depression territory.
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I m gonna be an asshole, the media played games for 3 plus years about shit.

The jobs numbers were always "revisited" but since its an election season they are playing the same games. I bet if trump got taken out they would still cook the books
 
northstar747 said:
I m gonna be an asshole, the media played games for 3 plus years about shit.

The jobs numbers were always "revisited" but since its an election season they are playing the same games. I bet if trump got taken out they would still cook the books
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Not to discredit what you are saying but first of all we do agree that three years is a lot more accurate.

It is important to note that there are several measures of how unemployment is measured and how the data is collected.
Unemployment Infograph.png
I am saying (and I am certain you do indeed agree) that all these measures are no doubt distorted whether by spurious selection or outright omission.
 
ジョエわりだ, 友達
TJT said:
This excites me.

Prime buying time will soon be upon us.
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I don't even know what to buy. A part of me is feeling crypto, but you just know stocks are going to soar first after the fucking government decides to bail them out. Another kiwi suggested a few ETFs to profit off a market crash and potentially get rich. Chaos really is a fucking ladder.
AnimeSucksCopeAndSneed said:
It is important to note that there are several measures of how unemployment is measured and how the data is collected.
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This is probably closer to the truth more than anything else.
I can't find a decent statistic on how many Americans are retired to subtract them from this number nor can I housewives, but this number is already far too big not to trigger alarm bells in your head.
 
Well I'm slightly disappointed over Paypal's fuck up that led to me accidentally buying $700 of stocks not once but twice last month, but in 15 years I won't give a fuck anyway. I'm looking forward to buying the dip.
 
God of Nothing said:
ジョエわりだ, 友達

I don't even know what to buy. A part of me is feeling crypto, but you just know stocks are going to soar first after the fucking government decides to bail them out. Another kiwi suggested a few ETFs to profit off a market crash and potentially get rich. Chaos really is a fucking ladder.

This is probably closer to the truth more than anything else.
I can't find a decent statistic on how many Americans are retired to subtract them from this number nor can I housewives, but this number is already far too big not to trigger alarm bells in your head.
Click to expand...
If you want to play it safe MSFT will 100% rebound just like it did during the last time it had a major drop (COVID). No way you lose money on the long term with it.
 
There will still be redditors claiming Joe Biden is a great president because of muh stock market
 
AnimeSucksCopeAndSneed said:
I am saying (and I am certain you do indeed agree) that all these measures are no doubt distorted whether by spurious selection or outright omission.
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oh we are in agreement.

Its the euphemism treadmill, depression vs recession. What I m saying is things have been bad for years. The economic powers that be called inflation transitory, but will move heaven and hell to stop deflation.

So what stands out to me is that the work to alter reality by manipulating numbers ether reached its in point, or more likely its being allowed to happen.

to go further depression in my opinion are good, you need to have the bad debt and miss allocation of resources corrected.
 
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