Okay, so when the fuck is the Great Depression 2.0 that literally everyone is predicting gonna kick off?
>>520191150when the duck tape runs outakawhen credit freezes
>>520191150they're just going to inflate prices. you'll keep your job but your salary won't grow. it's already happening. that's the recession. things are so bad that the government can't allow an actual downswing because it would widely bankrupt banks. they have no reserves so are beholden to SOFR markets. if SOFR spikes then they suddenly can't profitably lend money (or cover their current obligations without losing tons of money)
>>520191150Never because that's the thing, nothing ever happens when you see it coming. The more inevitable an economic result looks, the less likely it happens because everyone positions themselves as if it will and thus avoids it. Major changes only happen when they are a completely unexpected surprise. Great Depression only got bad after a surprise dust storm wiped out crops. 2008 was a surprise financial crisis as Lehman Brothers couldn't cover up cooked books. 2020 has COVID. You cannot predict a collapse because prediction prevents collapse, you just got to wait until some inane bullshit that looks tame happens and that magically causes a butterfly effect that leads to ruin.
>>520191507>lend moneyyep that's how it happens credit freezethis time around it will be heavy capital controls and coupon system
>>520191274But like, 2008 happened, the dotcom bubble happened, coovid happened. Will it actually change anything that matters in a positive way? No, but market crashes do happen.
>>520191611Dotcom was detected a mile away. 2008 was predicted by many. Covid was a surprise, sure.
>>520191507They have been doing exactly that, unbroken since the 70's. Why are you talking like this
>>520192142People "predict" a crash all the time and then in retrospect they get credit when it happens. We have had people saying the financial system will collapse for like 10 years straight, if it happens tomorrow people will conveniently forget being wrong for 10 years and say they predicted the new collapse. That's how this stuff works.
>>520191150>predicting
>>520191150>unemployment crises>currency devaluation widespread>bankruptcies>less purchasing power overall worldwide>multiple conflicts exacerbating already unstable economic marketsWell we’re just getting started.
>>520192906No, that's how it works in your fucked up normie mind. Are you really going to tell Michael Burry he just got lucky? No, he clearly saw the pattern, predicted the outcome and was right. It wasn't "after the fact"
>>520191150January 2029.Black Monday.Screenshot this >For now keep investing in stocks and PM's but get your money out before Christmas '28
>>520191237>when credit freezesYour prediction on this ETA?
>>520191150our Great Depression is our lives
when everybody realizes AI sucks ass
