Current Events > World Economy at risk of another 2008 collapse.

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jstewart01
10/03/18 5:25:55 PM
#1:


So apparently this has been in the news lately. Thoughts?
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Gunpo
10/03/18 5:26:19 PM
#2:


Why
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Kombucha
10/03/18 5:27:01 PM
#3:


i think tc should be posting examples of said news for the lazy.
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Rick-C137
10/03/18 5:27:07 PM
#4:


Looks like Obama didn't set us up so well
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ImTheMacheteGuy
10/03/18 5:27:12 PM
#5:


Thanks, trump
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ImTheMacheteGuy
10/03/18 5:27:57 PM
#6:


Rick-C137 posted...
Looks like Obama didn't set us up so well


He did actually. Trump's just squandering it already.
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Rick-C137
10/03/18 5:28:38 PM
#7:


I was told Trump isn't doing anything for the economy
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MC_BatCommander
10/03/18 5:28:51 PM
#8:


I feel like this has been news once a year for the last 10 years, sounds like bullshit
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Turbam
10/03/18 5:30:10 PM
#9:


Should I invest now?!?!
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jstewart01
10/03/18 5:30:28 PM
#10:


Kombucha posted...
i think tc should be posting examples of said news for the lazy.


https://www.theguardian.com/business/2018/oct/03/world-economy-at-risk-of-another-financial-crash-says-imf
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AlephZero
10/03/18 5:30:38 PM
#11:


remember the guy who liquidated his childrens' college funds after trump was elected because he said the economy was going to tank

lol
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Muffinz0rz
10/03/18 5:36:29 PM
#12:


because the news is all about fear mongering
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Cj_WlLL_VVlN
10/03/18 5:42:38 PM
#13:


These are natural cycles that are made worse by the interference of the fed interfering.

They dropped interest rates to stave off the last crash so we extended even farther past our means. Now inflation is rising so they raise interest to fight off inflation bringing about another crash and the cycle will continue and get worse and worse.

Let it crash, dismantle the fed, get through it, let the market point the direction of interest rates and avoid crashes this severe.
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Awesome
10/03/18 5:44:42 PM
#14:


its going to make the 2008 crash look like a child.
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Flockaveli
10/03/18 5:46:25 PM
#15:


Why do we depend on an economy so much if it just shits itself badly every so often. You figured by now we'd figured out a better way to do the money whatever thing.
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Sexypwnstar
10/03/18 5:46:50 PM
#16:


Everything good about the economy is because of Obama.

Everything bad about the economy is because of Trump.
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jstewart01
10/03/18 6:06:39 PM
#17:


Bump.
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gunplagirl
10/03/18 6:08:22 PM
#18:


Flockaveli posted...
Why do we depend on an economy so much if it just shits itself badly every so often. You figured by now we'd figured out a better way to do the money whatever thing.

Boom and bust cycles are inherent to capitalism. It's flawed by its very nature.
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Cj_WlLL_VVlN
10/03/18 6:14:58 PM
#19:


gunplagirl posted...
Flockaveli posted...
Why do we depend on an economy so much if it just shits itself badly every so often. You figured by now we'd figured out a better way to do the money whatever thing.

Boom and bust cycles are inherent to capitalism. It's flawed by its very nature.


Small ones are. These large ones are a product of people thinking they know better and can control the market.
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AlephZero
10/03/18 6:15:35 PM
#20:


this is why we need communism, so we can be in an eternal "bust" state
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gunplagirl
10/03/18 6:18:20 PM
#21:


Sexypwnstar posted...
Everything good about the economy is because of Obama.

Everything bad about the economy is because of Trump.

Most of the "growth" this year from the tax cuts was from major corporations buying their own stock, inflating the value above what investors actually deemed it worth. I could count on one hand the number of businesses on the Dow Jones that used money from the tax cuts to invest back in their employees. None took the extra money to raise the wages of their employees across the board. So prices went up, the rich got richer and everyone else got such a negligible amount back that the average person is actually doing worse after the inflation that's happened this year is taken into account.
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Panthera
10/03/18 6:22:48 PM
#22:


Flockaveli posted...
Why do we depend on an economy so much if it just shits itself badly every so often. You figured by now we'd figured out a better way to do the money whatever thing.


It's better to have to wipe up the occasional nasty bit of diarrhea than it is to just never wipe yourself at all
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EndOfDiscOne
10/03/18 6:24:19 PM
#23:


They say this all the time. I'm pretty sure there are tons of screenshot collections of economists predicting doom and being wrong.
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ImTheMacheteGuy
10/03/18 6:26:14 PM
#24:


Rick-C137 posted...
I was told Trump isn't doing anything for the economy


You misunderstood. He isn't doing anything good for the economy. He is however doing a bunch of things bad for it.
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P4wn4g3
10/03/18 6:30:30 PM
#25:


Sexypwnstar posted...
Everything good about the economy is because of Obama.

Everything bad about the economy is because of Trump.

Bush deserves credit too. Without him, there would have been no crash for Obama to recover us from.

Anyway everything looks worse the way Trump is going. That's the thing about Bush, he didn't singlehandedly slaughter everyone, he just put in the mechanisms so that any idiot asshole could do so at a whim.
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lesidesi
10/03/18 6:30:33 PM
#26:


topics about the economy are always so embarrassing to read through on ce
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Le__seul_dieu__
10/03/18 6:31:28 PM
#27:


invest in gold. support communism, etc.
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#28
Post #28 was unavailable or deleted.
jstewart01
10/03/18 7:23:38 PM
#29:


lesidesi posted...
topics about the economy are always so embarrassing to read through on ce


How?
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jumi
10/03/18 7:26:24 PM
#30:


Don't worry. A Democrat will be along soon to fix it. Again.
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Omnislasher
10/03/18 7:27:37 PM
#31:


i thought pretty much everyone knew this..

of course another one is coming.
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pres_madagascar
10/03/18 7:38:13 PM
#32:


Omnislasher posted...
i thought pretty much everyone knew this..

of course another one is coming.

This.

Literally every major financial expert is saying it's coming. Hell, they're even saying housing is about to bubble and collapse again.

Plus, when the government is on the verge of shutdown every six months because of budget, you know it's fucked.
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RainblowDash
10/03/18 7:39:17 PM
#33:


Rick-C137 posted...
Looks like Obama didn't set us up so well

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jstewart01
10/03/18 7:41:25 PM
#34:


My question is, why is this even news? Financial experts having been saying another crash is coming for the past several years. It's not a matter of if, it's a matter of when.
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lesidesi
10/03/18 7:46:39 PM
#35:


jstewart01 posted...
lesidesi posted...
topics about the economy are always so embarrassing to read through on ce


How?

people here don't understand economics but speak about it as if they're qualified

i work with economic data and economists regularly for my job, it's easy to see that people here are clueless

major dunning kruger effect

it's strange that of all topics, it's economics that brings it out in people here
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jstewart01
10/03/18 7:47:53 PM
#36:


lesidesi posted...
jstewart01 posted...
lesidesi posted...
topics about the economy are always so embarrassing to read through on ce


How?

people here don't understand economics but speak about it as if they're qualified

i work with economic data and economists regularly for my job, it's easy to see that people here are clueless

major dunning kruger effect

it's strange that of all topics, it's economics that brings it out in people here


But does that relate to my topic? All I pretty much did was post a link as a source.
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lesidesi
10/03/18 7:48:17 PM
#37:


you weren't the problem in this topic
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Questionmarktarius
10/03/18 7:49:12 PM
#38:


pres_madagascar posted...

Literally every major financial expert is saying it's coming. Hell, they're even saying housing is about to bubble and collapse again.

Plus, when the government is on the verge of shutdown every six months because of budget, you know it's fucked.

If you want to see an epic gargantuan economic collapse, somehow mandate and enforce that every person, every business, and every government live within their means.
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P4wn4g3
10/03/18 7:49:24 PM
#39:


lesidesi posted...
you weren't the problem in this topic

Was it me
I bet it was me
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Cj_WlLL_VVlN
10/03/18 8:00:07 PM
#40:


P4wn4g3 posted...
lesidesi posted...
you weren't the problem in this topic

Was it me
I bet it was me


It was everyone who wasn't me.
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Flockaveli
10/03/18 8:06:12 PM
#41:


Why dont we just take all the money, and make it go away.
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pres_madagascar
10/03/18 10:40:33 PM
#42:


Questionmarktarius posted...
pres_madagascar posted...

Literally every major financial expert is saying it's coming. Hell, they're even saying housing is about to bubble and collapse again.

Plus, when the government is on the verge of shutdown every six months because of budget, you know it's fucked.

If you want to see an epic gargantuan economic collapse, somehow mandate and enforce that every person, every business, and every government live within their means.

I'm forced to right now actually. It's kind of nice.
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SageHarpuia
10/03/18 10:43:10 PM
#43:


thanks obama
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Minute
10/03/18 10:44:47 PM
#44:


Awesome, the timelines are lining up so it'll happen just as I graduate! -_-
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SuperMedz3
10/03/18 10:47:52 PM
#45:


No mass shootings recently. News has to scare us somehow.
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Garioshi
10/03/18 10:48:58 PM
#46:


who could have possibly seen this coming
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pres_madagascar
10/03/18 11:02:27 PM
#47:


It's almost like left unchecked, corporations will destroy things...
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frozenshock
10/03/18 11:16:13 PM
#48:


It's not the president's fault

It's the banks
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jstewart01
10/03/18 11:52:34 PM
#49:


Bump.
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Minute
10/03/18 11:53:17 PM
#50:


frozenshock posted...
It's not the president's fault

It's the banks

"Nothing can be done."

note: Obama isn't innocent in this either.
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