Global Depression 2022 - Time to do the Breadline Boogaloo!

[spaztocate9000]

Its 1.1% right now. Usually the GDP numbers get revised months later and almost always towards the negative. I'd like to see a breakdown by

Do the GDP numbers get inflation adjusted? Because if not... that's not growth in a 7+ percent inflation environment this year.

 

[Ancient Pioneer]

Do the GDP numbers get inflation adjusted? Because if not... that's not growth in a 7+ percent inflation environment this year.

Real GDP accounts for inflation, Nominal GDP does not. The figure reported is Real GDP. The estimation was 2% so it failed to beat it in a dramatic fashion, the last two quarters were HEAVILY supported by SPR releases being exported abroad, almost 2% of the 2.5% in 4th quarter was SPR being exported if I remember right. Even this quarter shows the economy to be shit, major corporations aren't doing half bad, small business and individuals are eating shit.

 

[WelperHelper99]

Real GDP accounts for inflation, Nominal GDP does not. The figure reported is Real GDP. The estimation was 2% so it failed to beat it in a dramatic fashion, the last two quarters were HEAVILY supported by SPR releases being exported abroad, almost 2% of the 2.5% in 4th quarter was SPR being exported if I remember right. Even this quarter shows the economy to be shit, major corporations aren't doing half bad, small business and individuals are eating shit.

Maybe if we actually invested more in things like manufacturing and pushing that, I'm talking building everything here, from those shittily welded chink chairs in school desks to things like chemicals, we wouldn't be eating as much shit rn.

 

[Justa Grata Honoria]

Real GDP accounts for inflation, Nominal GDP does not. The figure reported is Real GDP. The estimation was 2% so it failed to beat it in a dramatic fashion, the last two quarters were HEAVILY supported by SPR releases being exported abroad, almost 2% of the 2.5% in 4th quarter was SPR being exported if I remember right. Even this quarter shows the economy to be shit, major corporations aren't doing half bad, small business and individuals are eating shit.

shadow stats have run the numbers including pre 1990 "adjustment" od cpi usa economy has stagnated since 2008 crash . Its all cooking books .

here is the link fair warning is pretty old site since a decade ago so open it on mozila on desctop but they have pretty good stats that give you much more realistic picture than 4 per cent unemployment and single digits inflation that goverments gives

Shadow Government Statistics - Home Page

www.shadowstats.com

 

[Angry Alt Right Nerd]

Maybe if we actually invested more in things like manufacturing and pushing that, I'm talking building everything here, from those shittily welded chink chairs in school desks to things like chemicals, we wouldn't be eating as much shit rn.

Whoa there communist that sounds like central planning to me

 

[WelperHelper99]

Whoa there communist that sounds like central planning to me

Imagine actually giving tax incentives to get companies to stay

 

[AbendCode12]

Imagine actually giving tax incentives to get companies to stay

They used to just be called tariffs.

 

[Vinegar Lover]

Is there an agreed upon kickoff for this thing OTHER than a world war? My wife and I have been running ourselves ragged trying to stack cash while also raising our son.

 

[Tealeaf]

No, you can’t time the market. The existence of the market itself relies on being unpredictable. You can only ever study the market after the facts have long since fell on the ground.

A low cost of living does help when the yarn finally unravels . Don’t stretch yourself too thin, because it can still be a while.

 

[Zbk3VmLfujjzjxBd43tL]

No, you can’t time the market. The existence of the market itself relies on being unpredictable. You can only ever study the market after the facts have long since fell on the ground.

Every single person who has told me that is a boomer or the financial guys I was recommended to by boomers (just invest a few thousand and some "financial advisors" play the stock market for you). I have added approximately 0 dollars to my net worth this past year since my cryptocurrency gains were balanced out by my losses to boomer financial advisors and their ideas like "retirement funds" (I keep mine for tax benefits).

The economy is a joke, and the quicker you realize that, the more money you'll make. Time the market. Invest in shitcoins. Do everything the boomers tell you is bad. You will at the very least do no worse than them.

 

[Justa Grata Honoria]

Every single person who has told me that is a boomer or the financial guys I was recommended to by boomers (just invest a few thousand and some "financial advisors" play the stock market for you). I have added approximately 0 dollars to my net worth this past year since my cryptocurrency gains were balanced out by my losses to boomer financial advisors and their ideas like "retirement funds" (I keep mine for tax benefits).

The economy is a joke, and the quicker you realize that, the more money you'll make. Time the market. Invest in shitcoins. Do everything the boomers tell you is bad. You will at the very least do no worse than them.

isaak newton who was one of the brighest minds of his time tried to time the market and lost his shirt. I can guarantee you whatever bs is running right now if its encrypted on some server is worthless . You are literally better off bying paper at least you can use it as kindle

 

[Ancient Pioneer]

No, you can’t time the market.

Yes you fucking can, you can CLEARLY tell when the market is bearish or "irrationally exuberant" which was the phrasing used in the y2k period, that investing is likely going to leave you years underwater before you break even. If you were a shmuck that bought Microsoft right at the dot-com bubble peak you would have taken 15 years to break even.

Using 2020 as an example, anyone with half a brain and was watching the news in late 2019 and early 2020 knew to sell off quickly and go short because the virus was going to cause some severe changes in the market. After the lockdowns ended and the weeks of limit down selling ended anyone with half a brain knew that stocks were extremely oversold and it was a great time to enter. You're telling me that the boomer mindset of just buying in Jan and Feb is preferable to just going full cash and buying the bottom? Fuck no.

Edit: Since I used the Irrational Exuberance phrase I'm obliged to post the video

 

[Terrifik]

https://twitter.com/EvaVlaar/status/1653374067469156353

We are not asking now!!!

 

[Zbk3VmLfujjzjxBd43tL]

isaak newton who was one of the brighest minds of his time tried to time the market and lost his shirt. I can guarantee you whatever bs is running right now if its encrypted on some server is worthless . You are literally better off bying paper at least you can use it as kindle

This isn't Isaac Newton's era. No matter what you're investing in, be it crypto, stocks, whatever, you are investing in a scam hoping to sweep up the spare $$$$$ from the super wealthy. "Financial advisors" and those stupid retirement plans ran by banks want to take a cut of what you already have. You have zero reason not to put in a bunch of money, I mean fuck, people made thousands of dollars off of GME, BBBY, and AMC. Market logic is at a bare minimum and throwing your money to the wind will likely result in more money. The choices are fucked. Like would I rather make 10-15% (or lose 5-10%) from investment in a shitcoin, lose 20% from trusting the banks and financial advisors managing retirement funds, or do nothing and lose 10% from inflation. It's absolute insanity no matter how you look at it.

 

[Tealeaf]

There’s “timing the market” and then there’s “being a lucky gambler.” Yes, you can win by being lucky. Can you keep winning by being lucky? It’s harder.

Sir, this is a casino.

A casino where the player wins a little over the long term, provided they don’t wipe themselves out in the dumbest scheme imaginable by man.

 

[Toolbox]

Cuz she lying

Every single time one of these talking heads speak they have a blatant tell when even they know they are lying, when it doesn't come as naturally as all of their other manipulation.

 

[George Floyd Sneed]

Every single time one of these talking heads speak they have a blatant tell

Yeah, it’s when their lips are moving.

There’s “timing the market” and then there’s “being a lucky gambler.” Yes, you can win by being lucky. Can you keep winning by being lucky? It’s harder.

Sir, this is a casino.

A casino where the player wins a little over the long term, provided they don’t wipe themselves out in the dumbest scheme imaginable by man.

Timing the market has different definitions for different people. There are those who define it as general trends away and towards certain industry up to thinking the latest Silicon Valley boondoggle will shoot up 500% in a year once their IPO is issued.

Having said that, there are people who compare performance with hedge funds versus the S&P 500 and the latter consistently grows more than hedge funds. Statistically speaking you’re better off stashing your shekels in an S&P 500 index fund but that doesn’t allow for those cases like GameStop. So people will continue to chase those literally one in a million shots and lose their asses over it.

 

[NyQuilninja]

Every single time one of these talking heads speak they have a blatant tell when even they know they are lying, when it doesn't come as naturally as all of their other manipulation.

You mean they shed there lizard like face masks.

 

[Justa Grata Honoria]

Using 2020 as an example, anyone with half a brain and was watching the news in late 2019 and early 2020 knew to sell off quickly and go short because the virus was going to cause some severe changes in the market. After the lockdowns ended and the weeks of limit down selling ended anyone with half a brain knew that stocks were extremely oversold and it was a great time to enter. You're telling me that the boomer mindset of just buying in Jan and Feb is preferable to just going full cash and buying the bottom? Fuck no.

Physical commodities gold just went up 10% this year in every currency imaginable and currently is skyrocketing. I never understood the need to slap money on some server that can be wiped out or access denied by either bank or entity. They literally need to go into your home to get it

 

[Ancient Pioneer]

Physical commodities gold just went up 10% this year in every currency imaginable and currently is skyrocketing. I never understood the need to slap money on some server that can be wiped out or access denied by either bank or entity. They literally need to go into your home to get it

Now physically convert the gold into goods.

> Sorry best I can do is a few bucks per gram of gold.