Imaginary arrows pointing down :(
I guess we all just got more poor and the rich … just lots a few hundred bucks
The rich will consolidate wealth at the top. This is where the very rich eat the rich.
For those without an account
I guess this is our Tower of Babel moment
Now we get to watch the whole thing fall over
Yep, we’re in the final stages of latestage capitalism. We can either go full send into some sort of wealth redistribution/nullification/reparations type scheme, or we can watch forever wars happen over resources like fresh water.
The next 200 years are going to be absolutely insane. I for one am happy I’ll not live to see it, however those that are 3-5 generations in the future…I have not much hope.
I think the fun hasn’t even begun. The “market” or whatever. The collective mind hasn’t yet realized or the scale hasn’t quite tipped yet on how bad this all is. I think maybe too many people are silently making their financial move so as to not be the one to that sets it all off. Or they’re trying to tread carefully before the house of cards falls.
Like when Lehman went under in 2008. All those shit derivatives were plugging along. Some people knew it was rotten. The system kept going until suddenly didn’t anymore. Then all the red lights and alarm bells went off.
Even with current market downturn. I think it’s yet to go off the cliff. They keep bending the system and it’s bowing but it hasn’t really broken yet. When it does I think a greater than 50% drop in the SP500 is possible.
That’s not to say it’s going to all come crashing down in like a day or a week or even a month. I think the paradigm of the past 15 years is over. The one where’ there’s a relatively brief drop and then everyone buys “cheap stock” and then everything goes 20% higher.
I think we’re in for a long period of decline. Where people cannot simply dump money into investments and see gains every year. We could be in for a long haul where people put money into an SP500 fund and it loses every year. Maybe a 0%-1% gain on a good year due to sideways movement.
But hey squeezing blood from student loans will fix it all amiright 🤦🤦♂️🤦♀️
Is that good?
Probably not, my automotive sibling
If you have large amounts of liquid cash and plan to buy the dip, yes!
I am having trouble seeing this as a dip
The great depression took about 7y for investors to be break even and about 25 for actual point recovery in the Dow (more dividends than straight stock increase back then). The 08/09 recession was point recovered in about 4-5y on the stock market. If the country collapses your money is worthless regardless of where you stored it. If the country recovers you’ve made it ahead a bit.
https://www.mymoneyblog.com/25-years-1929-stock-market-crash-myth.html
The only place your money would be safe is in physical gold. Just learn to hide it really well.
Not really, financial collapse=back to barter system= “fine” metal has limited value. Copper, tin, iron sure but no one needs gold or silver in that scenario. The people who will want it will be limited to those with excess and they’ll know no one else wants it.
If you can’t eat it or use it it isn’t worth anything with the world in that state. There’s wonderful things called notarized (or in this case just witnessed or just trusted) deals regarding situations where someone might want/need something they cannot get with their resources at the time. Things such as land or labor can be used as collateral. Currency requires some sort of centralized organization to say it has worth. Financial collapse means that would take a long time to return.
Currency doesn’t require centralization, just a social agreement. You can trade beaver pelts even if you’re not a trapper or furrier yourself. Or you can all agree to start using something that’s easier to carry, isn’t easy to obtain, and probably still has some intrinsic value… that’s coinage.
That’s only because you’re not looking at decade timeframes. Pro tip, buy a bunch of cheap real estate now and it’ll be several times more valuable in the future!
What do you mean you can’t afford that? Have you tried being born to rich parents?
It’s a French dip. Comes with some extra hardware. Bon appétit!
This is only a dip if Trump somehow start to make sane decisions for the economy. So far he has only been doubling down on his insanity.
I only buy the chip dip
Unless… it keeps dropping…
Eventually, over several years, the economy expands enough to recover those losses.
Collapsing into full civil war would be pretty much the only way it doesn’t. Which isn’t out of the question
Even full civil war wouldn’t do it. The NYSE has been operating mostly continuously since 1817 (and even longer under different organization).
To permanently collapse the US economy, you’d have to collapse the entire country government, and a lot of the infrastructure too. Even if the government shuts down, private industry keeps running.
Tired of winning yet?
I think it’s fair to say that the US stock exchange is officially a yo-yo market. Like going up and down constantly every couple of days just depending on the whims of the fucking fascist people decided to put in charge. So fun.
Sowwy I killed your stock mawket
woman with newspaper/man with calendar meme but with 1932 instead of 1984
