Looming Financial Collapse

LT42

RichM We then need a mother Teresa figure to bring us alll together again in harmony

Guetta?

Wally

This thread is coming on 6 months old. Any chance anyone could be more specific about ‘looming’ please so I can buy some puts? Ta

Mad_Cyril

Wally
Would be less sinister if more specific Wal!

We’re doooooooomed

alistair

More doomsday predictions coming to pass. Well I never

Homegrove

mono-stereo

Homegrove What’s this graph supposed to be showing us? Bankruptcy filings up to march seem to be trending just above avarage, Hardly world shattering.

Hursty

Not long to go

Smallman1

Looks like a great watch Hursty!

Hursty

Smallman1 you liked my last vid recommendation!

Hursty

Going well for the New York Community Bank, which ironically bought Signature Bank after it failed last year

https://www.ft.com/content/82b676be-65e4-4eba-9967-5c68940d2480

Hursty

https://www.cnbc.com/amp/2024/03/01/the-us-national-debt-is-rising-by-1-trillion-about-every-100-days.html

Absolutely nothing to worry about, this is a built in characteristic of FIAT currency

ehitach2

Hursty

I don’t even know how to phrase this correctly so anyway…to who is it rising?

A better-ish question is if anyone is gaining on it?

Mad_Cyril

@bosstrabs 👆

Hursty

10 and 30 year bond yields are on fire 👀

RichM

Hursty LA bonds?

IndustryStandard

Hursty … if you want a real downer start reading into whats happened in the UK since 2008 and how its affected the coffers / productivity / real wage growth / standard of living etc . Tracking the Financial Crisis into Austerity into Brexit into Covid.

Very eye opening

Hursty

RichM west, meanwhile in China they are tanking hard

Hursty

IndustryStandard The effects are all too pronounced especially since covid when the circulating supply of currency was turbocharged

We are sat at 37% compound inflation since 2020 and people wonder why things are so expensive

Mad_Cyril

IndustryStandard
Will wait for Elon’s tweet for THE TRUTH

Millsy

IndustryStandard yep. We’re totally fucked.

alistair

Hursty Rishi’s furlough scheme was too generous. Reeves’ stinker of a budget has clearly made things worse too. That ballooning welfare bill needs plucking.

bosstrabs

Hursty The effects are all too pronounced especially since covid when the circulating supply of currency was turbocharged

We are sat at 37% compound inflation since 2020 and people wonder why things are so expensive

Are you saying we’ve basically just built a massive FIAT!??!?

hugopal

Hursty We are sat at 37% compound inflation since 2020 and people wonder why things are so expensive

It’s almost as if shutting down the global economy for 2 years for the sake of ensuring the most unproductive and elderly in our society survive a couple more years in a care home actually costs something and has consequences; and wasn’t just some jolly where people get paid to clap for the NHS.

Hursty

Mad_Cyril The truth is most people haven’t had a 37% payrise since 2020, and even if they had they would only be marking time with how well off they were then, not actually getting richer

Remember though, its those pesky wage rises which are fueling inflation not central bank/government policy

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