gathermore
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I thought we had all learned in the September 24 thread that nothing ever happens.Can you explain this in a way that makes sense to someone with little understanding of this level of economics? I think most of us felt a major crash coming soon, and I know companies were downsizing recently, but I don't really understand the significance of this. Are we in for something worse than 2008?
it's almost like we should have given bankers death sentences in 2008 but instead we gave them as much money as they wanted
Man I friggen wish it was 2008. Today is like that year but so much worse somehow.View attachment 39402
Here's to hoping Occupy Wall Street makes a well deserved (and violent) return too
Here's to hoping Occupy Wall Street makes a well deserved (and violent) return too
Currently what you need to know in the financial world it thisCan you explain this in a way that makes sense to someone with little understanding of this level of economics? I think most of us felt a major crash coming soon, and I know companies were downsizing recently, but I don't really understand the significance of this. Are we in for something worse than 2008?
As I understand it, a credit default swap is an asset whose value increases with the chance of the creditor it's tied to defaulting (running out of money or failing to pay interest on its debts). So this number being high means that the market assumes Credit Suisse might be insolvent for some reason. Knowing what I know about 2008 it probably has something to do with derivatives. Bear Stearns losing out on mortgage-backed securities, and its insurers being left holding the bag, is what caused the crash then. Credit Suisse is apparently a pretty big bank, too.Can you explain this in a way that makes sense to someone with little understanding of this level of economics? I think most of us felt a major crash coming soon, and I know companies were downsizing recently, but I don't really understand the significance of this. Are we in for something worse than 2008?
Arguably anybody expecting those pipelines to ever turn back on was huffing copium. I was absolutely shocked to find out markets were expecting pipelines to resume service. Mental.>Europe facing major economic turmoil due to high cost of energy and the Nordstream pipeline sabotage
And yet that display of peaceful, almost comically ridiculous unity against a common/popular enemy shook the establishment so much it's dictated the trajectory of propaganda for the last 15 years.They stood around in a park playing drums and smelling bad until the government sent a few annoying white women to call them racists and that's all it took to destroy them. They deserved their fate.
House prices didn't go up, they cratered. Take a look at this chart:Can someone describe to me what it was like to live through the 2008 crash? From what I understand house prices went up, things generally got a bit pricier and a few people lost their jobs.
I see. I guess we truly are living in interesting times.House prices didn't go up, they cratered. Take a look at this chart:
View attachment 39448
It's a bit crazy that they didn't recover to pre recession levels until the pandemic. They had a crash, a partial recovery and then a decade of stagnation.
Now my fellow canuck, take a look at this chart:
View attachment 39449
Canadian housing is going to get FUCKED in this recession. It's totally unglued from reality. Some pullback in prices are a healthy part of a functioning economy, but we didn't have one in 2008 due to high oil prices and now we are clearly in a bubble.
yeah, september 24thIs there an exact date we can look forward to for the strengthening of these economic collapses and watch as it gets worse and worse and everything gets cheaper and cheaper