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Full Version: Economical situation 2020 (Corona)
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First of all. One of the Danish millionaires posted on Facebook today that he the stock market brokers and so called experts are no better at predicting stock prices than monkeys are at throwing dart arrows at a dart plate (or whatever it is called). From Google translate:

"I lost faith in the belief that people can have a better sense of trading shares than a monkey can throw with dart arrows against a dartboard. And since 2008, I have been empowered only by the fact that all the people who call themselves stock traders, analysts and everything else, they are once diviners and coffee-grunking people who basically have no idea what they are doing. And I don't want to participate in that, ”says Martin Thorborg."

So the focus on the stock market is a symptom to me that the system is sick. How long has this Coronas virus been around? A month or so in Europe and yet the companies are already in pain. What da -? If you as a private person a fired and are already in trouble after a months then you have not done your homework and put aside for bad times! Let it all come down if you ask me. It's driven by greed and the bigger the company the bigger the cry for help. I do understand that the aviation business is in trouble but the billions of dollars they have made could now be used to educate the staff while the flights are on pause. Instead they fire people because of the stock market. It's a crazy system. Growth growth and growth. Nothing else but that to satisfy the flow of capital from the average guy and our pension funds to those who already have more than they can spend in 10 lifetimes.

Of course they will print more money......because that makes sense.....look for a fun post in a minute
The early 2000s recession took about 700 days to reach a bottom off about minus 49%.
The recession 2007-2008 took about 500 days to reach a bottom off about minus 57%.
This corona crisis has already reached a recession of minus 28% after not even 100 days.
The question now is: will the bottom be reached quicker or will it be sinking much lower than before?

Is the US$ collapsing?

(2020-03-19, 07:15 PM)Hugues Wrote: [ -> ]The early 2000s recession took about 700 days to reach a bottom off about minus 49%.
The recession 2007-2008 took about 500 days to reach a bottom off about minus 57%.
This corona crisis has already reached a recession of minus 28% after not even 100 days.
The question now is: will the bottom be reached quicker or will it be sinking much lower than before?

Is the US$ collapsing?

Are we looking at a crisis even worse than the 1930's?
If so, the printing machines would no be capable of following the need for dollars. There would not be enough paper to print on.

(2020-03-19, 07:15 PM)Hugues Wrote: [ -> ]The early 2000s recession took about 700 days to reach a bottom off about minus 49%.
The recession 2007-2008 took about 500 days to reach a bottom off about minus 57%.
This corona crisis has already reached a recession of minus 28% after not even 100 days.
The question now is: will the bottom be reached quicker or will it be sinking much lower than before?

Is the US$ collapsing?

(2020-03-19, 07:15 PM)Hugues Wrote: [ -> ]The early 2000s recession took about 700 days to reach a bottom off about minus 49%.
The recession 2007-2008 took about 500 days to reach a bottom off about minus 57%.
This corona crisis has already reached a recession of minus 28% after not even 100 days.
The question now is: will the bottom be reached quicker or will it be sinking much lower than before?

Is the US$ collapsing?

Are we looking at a crisis even worse than the 1930's?
If so, the printing machines would no be capable of following the need for dollars. There would not be enough paper to print on.

First deflation and afterwards (hyper)inflation!!!!
Nobody knows the direction. The people who know least is the financial sector since it's run by hysteric crazy people that only think about fast money and not able to think a thought that points in a direction away from their bonuses.
(2020-03-20, 02:17 PM)Carsten Wrote: [ -> ]Nobody knows the direction. The people who know least is the financial sector since it's run by hysteric crazy people that only think about fast money and not able to think a thought that points in a direction away from their bonuses.

Inflation or deflation?

The big problem in the world, too much debt, has never been solved.
We're just trying to kick the can in front of us.
All this will end in tears.

The Corona virus is certainly not the cause for this crisis. It's just the trigger. The first domino to fall. And admittedly, it is quite a heavy domino.

The world is in debt for $ 250,000 billion and it is now suddenly clear to everyone that not all of these debts can be paid back.

Ray Dalio, one of the largest hedge fund managers in the US, estimates that the losses on these loans will amount to approximately $ 12,000 billion. I suspect this is still relatively optimistic.

The global banking system has approximately $ 10,000 billion in equity and is therefore virtually bankrupt.
Central banks want to keep the system afloat and so must provide at least $ 12,000 billion in fresh funds.
Judging by the first reactions, it seems to me that they are already doing well in this area.

If you have half an hour of time off somewhere today (it will work for many!), Take a look at the presentation below by Brecht Arnaert.

He explains perfectly how that fight between inflation and deflation works. It also shows how the authorities are sheeting on us.

This is what it's all about right now!

View the presentation here (must see) but you will have to set subtitles to english. The translation is not perfect but good enough to understand the statements.

I don't know how the world will look in a few months from now. Civil war? Total chaos? If the system collapses that is what we will see. In Denmark many thousands has already lost their jobs because of the shutdown of almost everything.

(The video is maybe good but I can't understand a word. Subtitles helps so maybe I will watch it later).
https://twitter.com/CNBCnow/status/1241051728604250112 The Fed will print $1 TRILLION for the rest of the month it is insane. The financial system will collapse for sure now, you can not just print that amount and expect everything to be fine.
(2020-03-21, 03:07 PM)Junior Wrote: [ -> ]https://twitter.com/CNBCnow/status/1241051728604250112 The Fed will print $1 TRILLION for the rest of the month it is insane. The financial system will collapse for sure now, you can not just print that amount and expect everything to be fine.

What!!!
Are they insane?
This realy could be the end of the financial system.
At the end they all will say it is the fault of this corona thing. Completely wrong. Corona was just the trigger to accelerate what was going to happen anyway.
Damn, this is a bad thing.
(2020-03-21, 05:58 PM)Hugues Wrote: [ -> ]
(2020-03-21, 03:07 PM)Junior Wrote: [ -> ]https://twitter.com/CNBCnow/status/1241051728604250112 The Fed will print $1 TRILLION for the rest of the month it is insane. The financial system will collapse for sure now, you can not just print that amount and expect everything to be fine.

What!!!
Are they insane?
This realy could be the end of the financial system.
At the end they all will say it is the fault of this corona thing. Completely wrong. Corona was just the trigger to accelerate what was going to happen anyway.
Damn, this is a bad thing.

NO...If your scroll down in the article it just says that "Congress is working on a $1 trillion rescue package, but it might not be enough for US businesses". They don't say FED will print that amount of money.
(2020-03-21, 06:42 PM)Carsten Wrote: [ -> ]
(2020-03-21, 05:58 PM)Hugues Wrote: [ -> ]
(2020-03-21, 03:07 PM)Junior Wrote: [ -> ]https://twitter.com/CNBCnow/status/1241051728604250112 The Fed will print $1 TRILLION for the rest of the month it is insane. The financial system will collapse for sure now, you can not just print that amount and expect everything to be fine.

What!!!
Are they insane?
This realy could be the end of the financial system.
At the end they all will say it is the fault of this corona thing. Completely wrong. Corona was just the trigger to accelerate what was going to happen anyway.
Damn, this is a bad thing.

NO...If your scroll down in the article it just says that "Congress is working on a $1 trillion rescue package, but it might not be enough for US businesses". They don't say FED will print that amount of money.

Ok. No time at this moment to see the article. I'm working because people are in panic. I have to try to help them.
That's good Hugues. It's sad people are panicking because that only makes it worse. Sadly times are uncertain an no one knows how crazy this is going to be. Who lives and who dies? It's not only older people who need medical attention. People in our age group sometimes also need medical care and some even die.

I plan to hang around for a while but if I don't then this was a great adventure.
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