L m f a o
>>541843442chances are lots of people who came to believe stocks rising to absurd levels is as natural as taking a dump are gonna get schlonged eventually
>>541843442Crash this shit I want to afford my own place.
>>541843545These things don’t result in you being able to afford more
>>541843442>DRUDGE REPORTyou're over 60 years old and you're a liberal.
>stock crashGlobal bond aka debt market crash. That's what matters here, entire stock market is founded on debt and speculative debt instruments. ('Stocks' are a joke, smoke-&-mirrors and vastly overvalued)
>>541843442The UK seems to be in a much worse state financially than the U.S., so it's really a race over who's bond market implodes first.
>>541843659I'm not that old, or the other thing, but I remember when Drudge was red meat for this board. It wasn't called /pol/ then however.
>>541843739>it's really a race over who's bond market implodes firstMostly this. And of course, they're all interleveraged with each other in myriad ways and to differing inter-dependent magnitudes(witness what has lately been occurring with yen carry trade, for just 1 example)
>>541843442america: the biggest casino
>>541844129Well, the UK budget is coming up and the government seems to not have a clue about balancing the budget. They can't cut spending because Labour backbenchers won't allow it, they can't raise taxes because investment will be dampened and feed the cycle. I did see Burnham suggested nationalisation of utilities, which is probably the worst thing he could have said as his maiden speech in Parliament as PM. The budget could well turn into a fiasco if markets completely lose confidence.
>>541844272It's bad all across the west, every government is vastly in debt, overleveraged. Also no one is buying the debt.A few years ago the Bank of England was forced to buy back bonds (take them back onto their balance sheet) in order to save U.K. pensions from implosion.
>>541843545After 2008 everything was cheap but most of us were unemployed. It was a real kick in the dick.
Nothing ever happens, the Jewish mystery market always finds a way.
>>541843442>Crash in two more weeksThis story literally gets written by someone, somewhere every day. If you keep predicting a recession all the time, I guess you will eventually be right.
