2022 Financial Crisis: Inflation surging, Stock Market crumbling

Discussion in 'BS Forum' started by SOXXX2, May 10, 2022.

  1. SOXXX2

    SOXXX2 Well-Known Member

    Joined:
    Nov 25, 2017
    Messages:
    2,593
    Likes Received:
    946
    The long awaited Financial Crisis has arrived

    Unlike 2008 and 2020, the FED can't just print there way out and push the markets back up artificially because inflation wasn't surging like it is now. Printing out money will put fuel on the fire and likely lead to something that would start to look like hyperinflation.

    There is no way out of this mess except just to finally accept pain, real pain. The same pain that should have been endured after 2008 and 2020, but instead got pushed back by reflating the markets. The crisis is starting and the walls are now closing in on the the US Government and the Federal Reserve.
     
  2. Hemi

    Hemi Well-Known Member

    Joined:
    Feb 26, 2007
    Messages:
    11,243
    Likes Received:
    106
    Thanks for letting us know.
     
    barfolomew and stinkyB like this.
  3. Dierking

    Dierking Well-Known Member

    Joined:
    Apr 4, 2006
    Messages:
    14,649
    Likes Received:
    12,908
  4. Jonathan_Vilma

    Jonathan_Vilma Well-Known Member

    Joined:
    Sep 7, 2004
    Messages:
    28,210
    Likes Received:
    23,404
    Better go get some guns.

    There’s also way too much incentive to not work. Child tax credits, unbelievably cheap housing if you claim low income, etc. Every single business and business type I drive buy is hiring and offering sign on bonuses and such.

    The financial crisis doesn’t fix itself with folks sitting at home.
     
  5. Dierking

    Dierking Well-Known Member

    Joined:
    Apr 4, 2006
    Messages:
    14,649
    Likes Received:
    12,908
    Where is there cheap housing? Rents and prices are through the roof by me.
     
    KingRoach, blackssmagic, Br4d and 4 others like this.
  6. FJF

    FJF 2018 MVP Joe Namath Award Winner

    Joined:
    Feb 29, 2008
    Messages:
    27,211
    Likes Received:
    30,818
    You should always have guns, might better now to buy some seeds though.
     
    barfolomew likes this.
  7. NYJetsO12

    NYJetsO12 Well-Known Member

    Joined:
    Sep 13, 2013
    Messages:
    9,995
    Likes Received:
    6,454
    The sky is falling too
     
    Doreblade, KingRoach and Ralebird like this.
  8. Jonathan_Vilma

    Jonathan_Vilma Well-Known Member

    Joined:
    Sep 7, 2004
    Messages:
    28,210
    Likes Received:
    23,404
    Low income housing is absurdly cheap comparatively, dude. It’s a large percentage off what everyone else is paying and in large complexes they are usually required by the state to earmark X amount of buildings for low income.

    I live in a “luxury” apartment complex with several buildings that pay a fraction of the price I do for the same thing. There’s clever ways around these things as well.
     
  9. typeOnegative13NY

    typeOnegative13NY Well-Known Member

    Joined:
    Sep 1, 2003
    Messages:
    12,855
    Likes Received:
    2,631
  10. typeOnegative13NY

    typeOnegative13NY Well-Known Member

    Joined:
    Sep 1, 2003
    Messages:
    12,855
    Likes Received:
    2,631
  11. Dierking

    Dierking Well-Known Member

    Joined:
    Apr 4, 2006
    Messages:
    14,649
    Likes Received:
    12,908
    Yeah, we don't have a lot of that here. Blue state exclusionary zoning is pretty ubiquitous.
     
  12. Kryoptix

    Kryoptix Well-Known Member

    Joined:
    Dec 28, 2020
    Messages:
    595
    Likes Received:
    798
    Good thing I am covered with my crypto... oh wait! :confused:
     
    HomeoftheJets and Hemi like this.
  13. FJF

    FJF 2018 MVP Joe Namath Award Winner

    Joined:
    Feb 29, 2008
    Messages:
    27,211
    Likes Received:
    30,818
    Gas jumped .25 over night. What the hell happened over night for gas to jump that much?
     
  14. stinkyB

    stinkyB 2009 Best Avatar Award Winner

    Joined:
    Aug 28, 2002
    Messages:
    10,960
    Likes Received:
    8,420
    They realized I have 2 vehicles and a boat that need gas....
     
    Jonathan_Vilma, blackssmagic and FJF like this.
  15. typeOnegative13NY

    typeOnegative13NY Well-Known Member

    Joined:
    Sep 1, 2003
    Messages:
    12,855
    Likes Received:
    2,631
    3.79-4.09 from yesterday here
     
    blackssmagic likes this.
  16. FJF

    FJF 2018 MVP Joe Namath Award Winner

    Joined:
    Feb 29, 2008
    Messages:
    27,211
    Likes Received:
    30,818
    Criminal
     
  17. HomeoftheJets

    HomeoftheJets Well-Known Member

    Joined:
    Feb 7, 2016
    Messages:
    13,240
    Likes Received:
    18,873
    IMO the Fed will tighten enough to keep inflation between high and out of control and keep the stock and crypto markets between bear market and depression. Unemployment will go up but not to historically abnormal levels. The Republicans will take both houses of Congress in November, even though Trump is as much as fault as Biden, becuase voters are myopic.
     
  18. HomeoftheJets

    HomeoftheJets Well-Known Member

    Joined:
    Feb 7, 2016
    Messages:
    13,240
    Likes Received:
    18,873
    Crypto has never experienced inflation and the rising rates that come with it. If the Fed is serious about fighting inflation, crypto's toast. That's a big if of course.
     
  19. typeOnegative13NY

    typeOnegative13NY Well-Known Member

    Joined:
    Sep 1, 2003
    Messages:
    12,855
    Likes Received:
    2,631
    I don’t know anything about crypto, other than it’s another form of currency. Is it true that it’s banned in China? What honest future does it hold ? I honestly can’t see the masses adhering to a currency they can’t actually hold(although most of us now have the majority of our wealth in numbers on the computer).
     
  20. barfolomew

    barfolomew Well-Known Member

    Joined:
    Nov 11, 2018
    Messages:
    3,318
    Likes Received:
    1,694
    Yourealways doom and gloom. The fed raising rates is the right thing and good for the economy in the long run. Even after the most recent hike we are still at historically low rates.
     
    KingRoach likes this.

Share This Page