/biz/ - Business & Finance

fucking debt bubble is about to pop leading to a massive financial collapse. i dont know why nobody else is pointing this out, are you guys even aware of this problem? you have a 40% unemployment all those people are going to default on bills and rents. that means no credit card payment, car payment, student loan payment, mortgage payment, personal loan payment, rent payment, cell phone payment (most NPCs lease their $1,000 iphones through the wireless carrier until its paid off)

i could go on and on but the fact is a whole lot of bills are going to be defaulted on at roughly the same time which is going to create a liquidity crisis for creditors who have their own bills to pay up the chain. most of that debt is also sold as a commodity in packages to other creditors or lenders for investment. how does nobody else see this?

HOW IS TESLA $1500??!! IT MAKES NO FUCKING SENSE THEIR PROFITS DONT EVEN REFLECT 10% OF THAT NUMBER!!! WHAT FUCKING PLANET ARE WE ON?? IS THIS SOME ALTERNATIVE REALITY WHERE UP IS DOWN?? IT MAKES NO FUCKING SENSE.