jiltedjen Posted May 1, 2018 Share Posted May 1, 2018 I thought it was all going tats up in 2015. Then we had a massive run up. That massive run up looks a little wobbly for the next 12 months. Prime crash time. If we are not in full on recession in the next 12 months i don't think we will be, welcome to the new paradigm. Quote Link to comment Share on other sites More sharing options...
happyguy Posted May 1, 2018 Share Posted May 1, 2018 This thread started 3 years ago. Can people not see the irony? Quote Link to comment Share on other sites More sharing options...
leonardratso Posted May 1, 2018 Share Posted May 1, 2018 jeremy ironys? Quote Link to comment Share on other sites More sharing options...
Gigantic Purple Slug Posted May 1, 2018 Share Posted May 1, 2018 I think the OP got too hung up on the price of oil, misinterpreted the Baltic Dry index as a lack of demand as opposed to oversupply. The DOW 2015 appears to be around the 17000 level and later topped out at about 25000. The turekish lira and malaysian ringiit certainly appear to have fluctuated against the USD. I suppose the term "free fall" is a matter of interpretation. I'm not sure what the consequences of that for the next world financial crisis is though. Quote Link to comment Share on other sites More sharing options...
chronyx Posted May 1, 2018 Share Posted May 1, 2018 56 minutes ago, happyguy said: This thread started 3 years ago. Can people not see the irony? Rome didn't fall in a day Quote Link to comment Share on other sites More sharing options...
Gigantic Purple Slug Posted May 1, 2018 Share Posted May 1, 2018 7 minutes ago, chronyx said: Rome didn't fall in a day Yeah, but you might hope that 3 years would be enough. Quote Link to comment Share on other sites More sharing options...
chronyx Posted May 1, 2018 Share Posted May 1, 2018 1 minute ago, Gigantic Purple Slug said: Yeah, but you might hope that 3 years would be enough. Oh yeah totally agree, but it is what it is 90% of a disaster happens in the last 10% of the timeframe Or if you prefer, slowly, then all at once ? Quote Link to comment Share on other sites More sharing options...
Errol Posted May 1, 2018 Share Posted May 1, 2018 Thread title was only 'We are Facing ...'. Well we are still facing it. As people have said, facing a total collapse can be a very long process. Quote Link to comment Share on other sites More sharing options...
leonardratso Posted May 1, 2018 Share Posted May 1, 2018 we are all facing a certain death (at some point). Quote Link to comment Share on other sites More sharing options...
Gigantic Purple Slug Posted May 1, 2018 Share Posted May 1, 2018 (edited) 3 hours ago, Errol said: Thread title was only 'We are Facing ...'. Well we are still facing it. As people have said, facing a total collapse can be a very long process. I think towards the end of page 1 you'll find the OPs timescales. Edit : Sometimes I think I am giving the OP a hard time about his/her predicitions, but ultimately, if you are not going to examine where you went right/wrong how are you ever going to learn ? Edited May 1, 2018 by Gigantic Purple Slug Quote Link to comment Share on other sites More sharing options...
Gigantic Purple Slug Posted May 1, 2018 Share Posted May 1, 2018 41 minutes ago, leonardratso said: we are all facing a certain death (at some point). It would be nice if the epic financial crisis could come first though. Quote Link to comment Share on other sites More sharing options...
leonardratso Posted May 1, 2018 Share Posted May 1, 2018 4 hours ago, Gigantic Purple Slug said: It would be nice if the epic financial crisis could come first though. sorry youve had your GFC for this lifetime, next one is for next generation. Hehehe, thats rubbish actually, been through a few economic recessions in my life, i cant remember seeing this many large scale bankruptcies and mergers though, maybe my memory is just bad. Obviously the mergers are probably to stave off the inevitable ensuing bankruptcies, you cant tell me Asda was a healthy going concern, it probably had a couple of years left in it at best. Quote Link to comment Share on other sites More sharing options...
macca13 Posted May 1, 2018 Share Posted May 1, 2018 5 hours ago, Gigantic Purple Slug said: It would be nice if the epic financial crisis could come first though. I think our economy is a bit like that charity, “Kids Company” The Government we’re pumping millions in, but the fingers in the pot we’re taking 100’s of millions out.. Our countries financial problems are quite similar.. All the tax that goes in, is offset by all the rich tax avoidance, dodgy deals and corruption.. with a ballooning benefits bill for good measure and selling off what little is left of our land and assets just to pay the electric bill! It mathematically is a disaster, if you pay £100 off you credit card every month but spend £500 on it.. you are only going to end up with one result eventually.. just depends on how long you can keep increasing your credit limit! Quote Link to comment Share on other sites More sharing options...
The Spaniard Posted May 2, 2018 Share Posted May 2, 2018 8 hours ago, leonardratso said: we are all facing a certain death (at some point). Quote Link to comment Share on other sites More sharing options...
Will! Posted September 13, 2018 Share Posted September 13, 2018 For @spyguy BBC News: Gordon Brown in dire warning about the next financial crisis Quote Link to comment Share on other sites More sharing options...
spyguy Posted September 13, 2018 Share Posted September 13, 2018 7 minutes ago, Will! said: For @spyguy BBC News: Gordon Brown in dire warning about the next financial crisis Got that on ToS lat night. Here's Browns 2005 CBI speech. http://webarchive.nationalarchives.gov.uk/20100407172817/http://www.hm-treasury.gov.uk/speech_chex_281105.htm Quote Link to comment Share on other sites More sharing options...
Andy T Posted September 13, 2018 Share Posted September 13, 2018 (edited) He looks haggard now. Sleepless nights over contributing to the last one? Edited September 13, 2018 by Andy T Quote Link to comment Share on other sites More sharing options...
highcontrast Posted September 13, 2018 Share Posted September 13, 2018 5 hours ago, Will! said: For @spyguy BBC News: Gordon Brown in dire warning about the next financial crisis The irony isn't lost on him then. Quote Link to comment Share on other sites More sharing options...
Maximus Skepticus Posted September 14, 2018 Share Posted September 14, 2018 Alas we have forgotten... https://www.bbc.co.uk/news/business-45478670 Quote Link to comment Share on other sites More sharing options...
Errol Posted September 14, 2018 Share Posted September 14, 2018 Russia learned most from 2008 financial crisis – European Bank for Reconstruction and Development In the decade following the financial crisis, Russia is one of the few countries that took the necessary steps to protect its economy from global turbulence, says the European Bank for Reconstruction and Development (EBRD). Russia managed to become a textbook example to follow when it comes to repairing damages, according to the chief economist at EBRD, Sergei Guriev. The analyst cites such steps as floating the national currency, introducing tougher banking regulation, as well as creating a bigger ruble-denominated bond market as the wisest measures the government could take. https://www.rt.com/business/438440-russia-lehman-lessons-ebrd/ Quote Link to comment Share on other sites More sharing options...
bushblairandbrown Posted September 14, 2018 Share Posted September 14, 2018 8 hours ago, Errol said: Russia learned most from 2008 financial crisis – European Bank for Reconstruction and Development In the decade following the financial crisis, Russia is one of the few countries that took the necessary steps to protect its economy from global turbulence, says the European Bank for Reconstruction and Development (EBRD). Russia managed to become a textbook example to follow when it comes to repairing damages, according to the chief economist at EBRD, Sergei Guriev. The analyst cites such steps as floating the national currency, introducing tougher banking regulation, as well as creating a bigger ruble-denominated bond market as the wisest measures the government could take. https://www.rt.com/business/438440-russia-lehman-lessons-ebrd/ Just some rt bs propaganda Quote Link to comment Share on other sites More sharing options...
St.Ives Posted September 15, 2018 Share Posted September 15, 2018 https://news.sky.com/story/next-financial-crisis-has-begun-and-will-be-worse-than-2008-crash-economists-warn-11497433 Quote Link to comment Share on other sites More sharing options...
Guest Posted September 16, 2018 Share Posted September 16, 2018 15 hours ago, St.Ives said: https://news.sky.com/story/next-financial-crisis-has-begun-and-will-be-worse-than-2008-crash-economists-warn-11497433 Yep, it's coming and is clear as clear can be. Yet you will hardly read any warnings on the BBC controlled news website, yet they put out endless fear stories on a daily basis on leaving the EU and Brexit which to be fair is still a subjective argument on how bad or good it will be. Some of the warnings on the BBC concerning Brexit have been nothing more than pathetic, shortage of Broccoli for example, yet the coming financial crisis may send millions into financial hell while the BBC still ramp property and encourage young people to load up with debt. Sod it, I am prepared for it, whatever happens, the only thing I would prefer not to happen is run away inflation, but I am ready to handle anything that's coming. Quote Link to comment Share on other sites More sharing options...
darkmarket Posted February 21, 2019 Share Posted February 21, 2019 Quote Link to comment Share on other sites More sharing options...
Errol Posted February 22, 2019 Share Posted February 22, 2019 On 15/09/2018 at 00:21, bushblairandbrown said: Just some rt bs propaganda From the EBRD (The European Bank for Reconstruction and Development is an international financial institution founded in 1991. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies)? My god the Russians have hacked the EBRD as well! Quote Link to comment Share on other sites More sharing options...
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