/biz/ - Business & Finance

QQQ has broken under 350 as I said it would. We are now going into conditions where a recession is inevitable. This is now pre-recession movement. This sort of movement doesn't just end randomly. It plays itself out unless it was massively intervened on. So the reality is the country is now in a recession scenario and that is an inescapable fact. What matters now is how severe it will be.

The Biden administration has mostly relied on propaganda and wordplay rather than any actual constructive action to address ongoing issues, so the most likely outcome here is that they will continue to attempt this. Gauging the actual severity of the recession will be difficult, but it should play out with the administration denying it's happening right up until they can no longer deny it.

At that point, they will warm everyone up to it and you'll hear things like "well maybe it's a recession...well maybe...well maybe...well here's why it's actually not a recession...well here's why it's a recession, but it's actually a good recession, a Bidencession." and so on. Once it becomes undeniable, everything is going into freefall. By this time this is all said and done, I think you're going to see QQQ at 290 conservatively, but it could very well lose 50% from where it is currently because of this administration's tendencies to hide shit under the carpet until the whole house is pouring shit out the windows.

The worst case situation here which is still not off the table in terms of its probability is really damn bad. We're talking a decline that takes 5 years to even get us back to a point most people would consider stagnation.

Post a picture that conveys how bad it will be. Bonus points if you can convey it with a picture of Joseph "Joe" Robinette Biden since this is Bidenomics.

We've been in a recession for 6 months now at least and rather than acknowledge it, let alone address it, the people in power have simply attempted to redefine what a recession is. It's pretty crazy until you realize that we're living in a world where a guy can chop his cock off and everyone in a room needs to clap for him or else they'll be de-personed. If a recession was acknowledged today, we would still have around a 20% drop, bare minimum, left to go across most major markets. This is all very crazy until you realize George Floyd, a man who did amateur porn, held a gun to pregnant woman's stomach, tried to pay with counterfeit money, and who overdosed on fentanyl (to name only a few of his hobbies) is on the cusp of sainthood and has already been given a seat next to Rosa Parks and Martin Luther King Jr. as far as African American civil rights figures go. The future's so bright, I gotta wear shades.

>2 quarters of negative GDP is a recession
>2 genders is the amount that exists for the human race
>2 scoops is a fair amount of ice cream
We are in a recession. Try to keep that in mind when next quarter is negative as well and we're well on our way to a depression.