dontwatchtv

It becomes a negative feedback loop. If the average Joes knew that a major recession is on the way, he may wait to buy a new car, new house, new appliances, etc. Thus, making the recession worse.

Furthermore, by the time the average Joe figures out the market is going down, he has lost 15-20% on his investments. He doesn't realize it will go down another 15-20%. When it does go down, he panics and sells at the bottom. Which is great for the traders.

dontwatchtv

It's up $23 since this morning. I think it can go to $1600--where it peaked a few years ago-- in the short run. A stock market crash would bring it back down, though, because of traders having to cover their positions.

Or if the whole house of cards fall down, including all the fake paper gold, physical gold can go to $5k+.

creep

Canada's currency is already in freefall.

hwong

Hasn't every major market on the planet started to crash since the new year? How much longer can it go on I ask myself and I am totally supersized it hasn't happened already (the crash) http://theeconomiccollapseblog.com/archives/stock-markets-all-over-the-world-crash-as-we-begin-2016

Konran

Yep. We should all recognise that they can only kick that particular tin can down the road for so long.

Tbh I'm amazed they've managed to kick it this far.

404_SLEEP_NOT_FOUND

  1. Of course companies go up and down with big swings in the stock market. That's just survival of the fittest and why the top 10 biggest companies are no longer rail road companies and cotton gins.
  2. This all sounds like normal news. There is always multiple agendas being pushed. For example, bird flu was pushed to sell tamiflu to government and corporate bodies (a drug that doesn't fucking work mind you). These aren't "distractions" as the public isn't even smart enough to see it coming when it already happened.

mig2k

So does it surprise anyone that President Hussein wants to disarm everyone??

respondwithdata

We hung President Hussein because he wanted to get off the Petrodollar and sell oil for Gold Dinar. Do you even conspiracy bro?

Migrantworker

Barrack Hussein Obama wants to disarm citizens, do you even conspiracy theory bro?

respondwithdata

So Hussein was hung and Obama is hung?

(get it, because he is black)

respondwithdata

Yeah don't march. They will have your face.

respondwithdata

There is no recession, we have .25% Interest now on our absolutely based-on-reality monetary system!

dontwatchtv

Don't forget full employment! Unemployment is at 5%.

pitenius

There has been an economic time bomb of the discrepancy between wages and pooled capital for a while now. It's more likely to luck into a significant amount of money than earn it. That has real repercussions for a morality based in labor.

dontwatchtv

Corporations have been stockpiling cash since the last recession of 2009 and have kept wages low despite rising productivity. We'll see how fast corporation will cut production and labor in the next year as things slow down. Apple and the Financial industry seems to be ahead of the curve.

Lag-wagon

Please read my comment from a few days ago:

https://voat.co/v/askgoat/comments/763923/3761548

pray_the_gay_away

This is about to be the biggest, most devastating economic crisis in the history of the planet . It will be one marked by sovereign debt crisis in developing markets which will likely cause about half of the world's currencies to collapse.

Checkout this sovereign default probabilities calculator and see for yourself: https://www.dbresearch.com/servlet/reweb2.ReWEB?rwnode=DBR_INTERNET_EN-PROD$NAVIGATION&rwobj=CDS.calias&rwsite=DBR_INTERNET_EN-PROD

dontwatchtv

Also, countries are devaluing their currencies--especially China. I think Gold is about to make a run.

Edit1: 11pm, 06 Jan 15, Gold up $23 to $1099.

dontwatchtv

Yup, every country has been borrowing and printing money like crazy, At some point they will want to crash the system and start over.