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/biz/ - Business & Finance

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51633134 No.51633134 [Reply] [Original]

/biz/ is the most financially informed board. So I figured I'd ask.

Is there going to be a great depression 2.0?
When did the crash actually start? 2020? 2021?
When will it reach the point where bread costs $2000000 a loaf?
What is the true inflation rate?
Will hyperinflation come?

>> No.51633166

>>51633134
How much for a loli during Weimar 2: Electric Boogaloo?

>> No.51633169

>/biz/ is the most financially informed board

That's where you got it wrong, bucko

>> No.51633192

>>51633169
I see.

>> No.51633224

Yes, unironically the Great Depression 2 is coming.

Everyone is bearish but they’re expecting a “moderate recession”, whatever that means. Some traders on this board take that to mean it’s time to be bullish because everyone is worried about a recession, but the actual smart money narrative is that a terrible, once in a century depression is what awaits us. Not trolling.

>> No.51633231

>>51633224
Holy fuck finally the playing field will be leveled

>> No.51633258

>>51633134
Look on shadow stats for real inflation numbers. The only inflation number that matters is the CPI, it's a bullshit basket but it's the number the fed uses. Depression seems like the most likely candidate because the only winners will be (((liquid debt-free members of society))). Hyperinflation comes after deflation. Inflation is coming down which makes it safe to assume deflation is coming.
t. Jew in a rich Jewish family

>> No.51633259

>>51633224
>once in a century depression is what awaits us.
What are the basic inficators of this happening? Which ones are already occurring?

>> No.51633278

>>51633224
I bought silver ounces like a year ago so I think I'll be okay.

How will this play with the polarization, in the United States though? Will this exacerbate the political tensions?

>> No.51633293

>>51633231
>Holy fuck finally the playing field will be leveled
Anon you will own nothing and be happy.
>>51633259
>What are the basic inficators of this happening?
Bond yields, commodity market is having supply issues and price issues, extreme inflation happening the developed world. Do I need to keep listing things?

>> No.51633297

>>51633258
Based jew giving advice. Do you think that the depression will be here by 2024 or like 2029, 2030?

If by the next 2 - 3 years, do you believe the economic situation will worsen the political situation?

>> No.51633334

>>51633134
>/biz/ is the most financially informed board.
Half of this board doesn't even know the difference between price and marketcap

>> No.51633347

>>51633258
interesting

>t. Jew in a rich Jewish family
Is there any other type?

>> No.51633358

>>51633224

I'm starting to think Klaus saying you will own nothing and be happy is becoming real. Everything will go to zero except XRP.

>> No.51633370

>>51633293
I've seen most indicators I guess. I can read up for more info.
How much longer till mass layoffs start do you estimate? I'm thinking maybe during the holidays since its a popular time to do it anyway.

>> No.51633492

>>51633297
Honestly no clue, for all I know, this could be a massive bear trap. I think deflation will come but some assets have priced it in already. If you got a high risk tolerance, this could be a buying opportunity. Just pay attention to the Fed's balance sheet.

>> No.51633664

>>51633370
>How much longer till mass layoffs start do you estimate?
This isn't 2008 or 1929 anon, you will keep your job. It's just that your wage will only be enough for food. Luxuries like a roof, chairs, tables, warmth, and many other happiness bringing things will become unaffordable.
This will be weimar conditions, the type of times that brings dads to pimp out their families so they don't die from cold.

>> No.51633695

>>51633358
>XRP

HAHAHAHAHAHAHAHA

>> No.51634050

>>51633293
>Bond yields, commodity market is having supply issues and price issues, extreme inflation happening the developed world
how and when will these things solve?

>> No.51634345

Which version of the new pokemon game should I get? I normally buy both versions, but with the economy in shambles I only have enough to consoom one of the versions.

>> No.51634545

>>51633224
So how do we profit?

>> No.51634664

>>51634545
Bullish on non-perishable food, arable land and bullets

>> No.51634684

>>51634545
Its not about how do you profit...its how will you survive? Do you have the following?
>Any paid off land or home
>No debt
>Cash saved up
>Good job that survives recessions

If you say yes to all of these things then you really have nothing to worry about ever. But the issue here is that the majority of people dont have that.

>> No.51634714

>supply chain issues!!!!!!
Lol get the fuck out of here with that bullshit. Over two years of people using that as an excuse is absurd. Yeah okay the Czech Republic can still get avocados from Peru just fine but California simply cannot figure out how to get avocados to the east coast. Really makes ya think.

>> No.51634783

>>51633166
Base rate is 3 cans of deenz.
>>51633695
>he doesn't have a "what if the schizos are right" bag

>> No.51634800

>>51634684
>Any paid off land or home
Ancestral holdings
>No debt
Student debt
>Cash saved up
5 figures in the bank
>Good job that survives recessions
I’m thinking about joining the military. The elites will need guns if they want to maintain Order

>> No.51634852

>>51633258
>shadow stats
>Your PHP installation appears to be missing the MySQL which is required for WordPress.
seems they are down now:
https://www.shadowstats.com/

I just know they received a lot of hate lately.

>> No.51634894

>>51633134

>Is there going to be a great depression 2.0?
sort of but not really. Goods and services will still get to people because people will just take them regardless.
>When did the crash actually start? 2020? 2021?
We were flirting with an inevitable recession at the end of 2019 but covid gave a decent smokescreen.
>When will it reach the point where bread costs $2000000 a loaf?
maybe in the EU but America will cook up some sort of scheme to feed its looters before they go into rich neighborhoods and start killing.
>What is the true inflation rate?
It's not really about inflation at this point. It's about the misapplication of modern monetary theory. Essentially- What worked in 2008 did not work in 2020. Future economists will write entire doctoral thesis papers on why it seemed possible on paper.
>Will hyperinflation come?
No but green line will not go up until a lot of money exits the economy and the decisionmakers/elites would prefer it come from the working class rather than the capital gains caste. Problem is that the middle class has been squeezed about as much as you can squeeze and have the system remain stable.
2008 bailout was basically a house fire that they kept from spreading by burying the house in money. 2020 did not need that sort of approach.

>> No.51635239

>>51633224
every normie and their dog is calling for a major crash

>> No.51635357

>>51633492
Whole system is being toppled. Civilization pivot. New chapter in future history texts.

t. No cap (aka not a Jew)

>> No.51635366

>>51633231
Lmao
It won't

>> No.51635369

>>51635239
Usually the winning move is to do the opposite of /biz/, but all these talk of a 2nd Great Depression gave me flashbacks of that period when /biz/ was screaming about the impending hyperinflation and how unsustainable the Covid rally was 2 years back

>> No.51638225

>>51633664
>This isn't 2008 or 1929 anon, you will keep your job.
I don't believe this. Its not possible for jobs to be kept and the economy to crash in the modern world. Its like saying no one will be able to afford anything and they will be keeping their unpaid for house. (Which you did say.) It doesn't make sense today. This isn't hundred years ago. A lot has changed since. We are talking about a modern global economy not one tiny country in europe. Jobs will be sacrificed to save other jobs. There is no alternative. The strong will survive and the weak will lose it all.

>> No.51638298

>>51633224
We’re already in one, the whole fade the sentiment contrarian strategy only works before something happens, not while it’s happening. People aren’t predicting, they’re noticing it in real time as it happens

>> No.51638387
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51638387

>The great hyperstagflation: massive inflation by you don’t get any money. Instead government will simply pump money directly to commodities and energy. This blows up budgets and fiat currency.

>when start: it’s already starting but heats up 2023 as more and more people get crippled from the vax and go full zombie horde
>started during covid cuz covid was just a reason
>bread won’t cost a lot because they’ll replace the wheat with bug powder but that shit just makes you sicker