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Surely the crash of the US economy has to be soon

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Re: Surely the crash of the US economy has to be soon

#51

Post by johnnyanmac »

teiferer wrote: post #37
SchwKatze wrote: post #8

I'm kinda new into economy crashes, was a kid in 2008, is there a way to protect of it?

Skill. Knowledge. At your age, your biggest assert is your future earnings potential. The more employable you are, the better you will make iduring and after a downturn. In fact, the highest skill folks tend to even profit from hiccups in the economy.

Are the ones newer to the workforce just screwed or is there a way out? Kinda sucks that all this went down around 6-7 years into my tenure and it's just been a few years of scraping together freelance + portfolio projects to try and climb out of tbis rut.

(This might sadly be rhetorical given what I hear of '08, but perhaps there are new channels open to take advantage of. Or at least old channels to raise awareness of).

Re: Surely the crash of the US economy has to be soon

#52

Post by e2le »

philipallstar wrote: post #10

> This is the 11th time that tariffs have happened, and it just isn’t surprising anymore. There are tariffs everywhere, all the time. Canada just dramatically cut its 90% (or something) tariff on Chinese cars. Tariffs haven't just started happening because someone you don't like did them.

> There are tariffs everywhere, all the time.

This neglects the scale, cost, and unpredictability. His tariffs are far from being the usual seen elsewhere. Of course, you should already understand this.

Re: Surely the crash of the US economy has to be soon

#53

Post by operation_moose »

bborud wrote: post #23
ranguna wrote: post #11

Earlier quoted context omitted.

No one, we don't need a leader. We need decentralised governance.

We have that. What has broken down is cooperation. The kind that has ensured relative peace for 80’ish years. That order is breaking down and creates instability. Instability means more conflict and less productive use of resources.

Well, cooperation with one specific player.

Cooperation among the rest of the world is rapidly progressing in response.

Re: Surely the crash of the US economy has to be soon

#54

Post by mikkupikku »

SchwKatze wrote: post #8

I'm kinda new into economy crashes, was a kid in 2008, is there a way to protect of it?

Live like you're already poor, reduce all unnecessary spending, adopt an ascetic mindset to support this lifestyle. That way, when a collapse comes you'll be accustomed to living frugally already and you'll have all the money you saved by getting a head start already saved up to get you through rough patches with relative ease.

Now, when I say live like you're poor, I mean do it smart. Don't grocery shop at a gas station, do your necessary purchases in bulk (actually poor people can't or won't, but would be better off if they could.). Don't but the cheapest boots, but rather the best value. But when choosing how many vacations to take, maybe pick camping locally more often than exotic vacations. Eat simple foods, don't order out fancy stuff and get accustomed to such luxuries. Don't automatically buy the latest consumer toy just because it looks fun. Don't move into a nicer apartment just because you got a raise. You get the idea.

Re: Surely the crash of the US economy has to be soon

#55

Post by metalman »

This isn't a crash, it is something else comming, perhaps the "jackpot", where society/civilisation unravells, climate disaster kicks in with real persistant challenges everywhere, and some third, fourth, fifth effects that break our millenial run to the top of our planets ecosystem as the ultimate apex species. It has been a good run, but useing the same tacticts as our stone age ancestors, is, I think, about to bite, hard. And it is literaly this, our strategy is to keep useing the same tacticts.Jackpot.

Re: Surely the crash of the US economy has to be soon

#56

Post by bilekas »

scotty79 wrote: post #19

Where it's gonna crash to? Where is going the capital move to when everythings going up? (except crypto apparently)

> Where it's gonna crash to?

You know that the reason things bubble and burst is because speculation outpaces reality at too high a rate, ie : too much "capital" is make up of hopes and dreams.

When reality hits and the numbers make sense, all that hope and dreams go pop.

Scotty doesn't know!

Re: Surely the crash of the US economy has to be soon

#57

Post by mellosouls »

SchwKatze wrote: post #8

I'm kinda new into economy crashes, was a kid in 2008, is there a way to protect of it?

I (like I'm sure many others) predicted it in 2007 and hedged against it by getting a 10 year fixed mortgage at then-current rates on the basis that rates would go sky high as they had in earlier recessions in the UK.

They plummeted to next-to-zero, and in addition to the injury I had to endure the insult of the people who hadn't seen it coming gloating about their low standard variable rates.

Ofc I clearly didn't have much real economic understanding but I guess I am saying that beyond normal common financial sense (the lack of which at scale leads to these situations) which you should be using anyway, we don't really know which way the wind is blowing, and what the exact consequences will be.

Re: Surely the crash of the US economy has to be soon

#58

Post by trilogic »

What is different this time? Maybe:

1 Online shopping market in the range of 5 trillions 2 Electricity and energy price raise 3 Impossibility to lower interest rates 4 Tech market also in the range of multi Trillions 5 Global education and power expansion ...

Meaning that a % of all this money flow goes private pockets destroying medium class, which gets poorer.

It is like a memory leak that keeps sucking resources while growing exponentially until the system crashes. The real question for an economist is how much ram has the system and how much the memory has leaked?

This Legendary site is interesting: https://usdebtclock.org/index.html Especially when combined it´s data with AI.

Re: Surely the crash of the US economy has to be soon

#59

Post by czechdeveloper »

SchwKatze wrote: post #28
Noaidi wrote: post #15

Earlier quoted context omitted.

Gold and silver mining stocks. And International ETF funds. It looks like the United States will be going through the depression alone.

I saw the graphs of some silver mining stocks and it seems to just follow silver price, why don't just buy silver then?

Mini stocks were traditionally used as way to invest in asset as a security. But currently with all the ETFs that are backed with physical asset itself, I'd choose that way.

Holding asset yourself (gold) causes logistical issues and massive buy/sell split on your side, but it has some advantages too.

Re: Surely the crash of the US economy has to be soon

#60

Post by tock »

philipallstar wrote: post #10

> This is the 11th time that tariffs have happened, and it just isn’t surprising anymore. There are tariffs everywhere, all the time. Canada just dramatically cut its 90% (or something) tariff on Chinese cars. Tariffs haven't just started happening because someone you don't like did them.

Blanket tariffs used as blackmail is obviously different.
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