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Global Economic Meltdown Thread

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  • Global Economic Meltdown Thread

    So for those of you that don’t know, shit is about to get really, really bad.

    The ten year treasury yield just fell below .5% for the first time ever, oil is down 26.5% as of right now, crypto is getting destroyed, Dow/NASDAQ/S&P futures hovering around -4.5%.

    Basically, it’s a continuation of the bloodbath we’ve been seeing, dead cat bounce aside. In light of all this, I decided to create a thread for us to discuss the next Great Recession.

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    • #3
      Coronavirus is Trump's Katrina

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      • #4
        Originally posted by sctrojan View Post
        Coronavirus is Trump's Katrina
        I mean, no. It's closer to Trump's Black Tuesday. But you're trying, bless you.

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        • #5
          Maybe it can drive my company’s stock price down a touch before I get my 20% equity bonus next week.

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          • #6
            I'm no economist but I feel like we've been hovering around a potential recession for a the past year now. I feel like we've been dumping gas in the barn and Coronavirus is the struck match.

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            • #7
              Speaking of fires, ummm...not a vote of confidence from the president

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              • #8
                China’s exports fell 17% in the last month. Trump fixed the trade defect!

                Seriously though, that’s not good.

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                • #9
                  Down 1800 LOL holy fucking shit

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                  • #10
                    Down 22.5% since Feb 20. Yikes.

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                    • #11
                      Jeeeeesus.

                      RIP our 401ks

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                      • #12
                        TIL the DJIA has a circuit breaker if it plunges more than 7% in a single session. We hit that in like 5 minutes of trading at the open.

                        Set to resume at 9:49

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                        • #13
                          Who knew a zombie apocalypse could bring such joy.

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                          • #14
                            Originally posted by daCat View Post
                            Who knew a zombie apocalypse could bring such joy.
                            Sadly, if a Democrat was in office, we'd see the same jubilant response from the other side. These people are parasites.

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                            • #15
                              Originally posted by daCat View Post
                              Who knew a zombie apocalypse could bring such joy.
                              Who the fuck is happy? you dolt.

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