LaBellaLotta [any] to

finance • 3 years ago

So remember how nothing changed after the 2008 crash? Well unsurprisingly it looks like we’re moving into another massive collapse.

cross-posted to:
finance

35

So remember how nothing changed after the 2008 crash? Well unsurprisingly it looks like we’re moving into another massive collapse.

LaBellaLotta [any] to

finance • 3 years ago

cross-posted to:
finance

r/Superstonk - The Bigger Short. How 2008 is repeating, at a much greater magnitude, and COVID ignited the fuse. GME is not the reason for the market crash. GME was the fatal flaw of Wall Street in their infinite money cheat that they did not expect.

16,808 votes and 1,559 comments so far on Reddit

It appears that the commercial real estate bubble is likely to pop at the end of this month. It’s looking like we’re headed for an economic recession possibly worse than 2008. Would highly recommend reading this post.

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JuryNullification [he/him]
·
3 years ago
I’ve been anticipating a market crash off and on for years now. I’m not holding my breath this time.

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finance

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“I have, which will surprise you not a little, been speculating - partly in American funds, but more especially in English stocks, which are springing up like mushrooms this year (in furtherance of every imaginable and unimaginable joint stock enterprise), are forced up to quite an unreasonable level and then, for the most part, collapse. In this way, I have made over £400 and, now that the complexity of the political situation affords greater scope, I shall begin all over again. It’s a type of operation that makes demands on one’s time, and it’s worth while running some risk in order to relieve the enemy of his money.”

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