#2 2019-09-18 20:09:05
Well, it's 2007 all over again. Stock the larders, batten down the hatches, check yer ammunition.
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#3 2019-09-18 23:51:11
That was a crash involving subprime loans and the housing bubble finally collapsing. Because of investments in CDOs and other piles of excrement, five trillion dollars in pension money, real estate value, 401(k), savings, and bonds just disappeared. The shorts are trying to pull something here but, I don't think it's going to happen for them this time.
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#4 2019-09-19 00:14:52
SpacePuppy wrote:
Well, it's 2007 all over again.
And where's Brad Pitt when you need him? On Neptune, searching for his missing father!
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#5 2019-09-19 12:07:11
choad wrote:
And where's Brad Pitt when you need him? On Neptune, searching for his missing father!
Isn't that what the scientologists believe? Or is it the Mormons? Why is Brad Putt a Scientologist now?
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#6 2019-09-19 13:19:36
Johnny_Rotten wrote:
choad wrote:
And where's Brad Pitt when you need him? On Neptune, searching for his missing father!
Isn't that what the scientologists believe? Or is it the Mormons? Why is Brad Putt a Scientologist now?
I worried that joke would faceplant without links, then I spaced it...
2019-09-18, NYPost: ‘Ad Astra’ is a major comeback for Brad Pitt
2015, IMDB: The Big Short
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#7 2019-09-19 15:51:50
choad wrote:
Johnny_Rotten wrote:
choad wrote:
And where's Brad Pitt when you need him? On Neptune, searching for his missing father!
Isn't that what the scientologists believe? Or is it the Mormons? Why is Brad Putt a Scientologist now?
I worried that joke would faceplant without links, then I spaced it...
2019-09-18, NYPost: ‘Ad Astra’ is a major comeback for Brad Pitt
2015, IMDB: The Big Short
In the Big Short, he had already "retired" when the two guys from Brownfield Fund told him about shorting the "AA"s while everybody else was shorting the "AAA"s. Who we really need is Steve Eisman who was played by Steve Carell.
Last edited by Baywolfe (2019-09-20 21:40:10)
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#8 2019-09-19 16:22:51
Here's the real problem, we're in a global industrial slowdown which was taking place even before the trade war with China as this Purchasing Managers Index shows. Even if it becomes a recession, however, we're not going to have the same systemic blowdown because the banks are in better shape. What the Trumps of the world don't understand about the global central banks, including the Fed, lowering the interest rate is that this is not an instant fix (if at all). They started lowering rates this past June so the earliest the US should see the economy pick up would be next June.
Auto-edited on 2020-08-02 to update URLs
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