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papercup 03/12/23 11:56:34 PM #1: |
Lets just meltdown the financial sector every 15 years, whats the worst that could happen? --- Nintendo Network ID: papercups 3DS FC: 4124 5916 9925 ... Copied to Clipboard!
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EclairReturns 03/12/23 11:57:48 PM #2: |
Are you trying to imply that we are due for another economic recession? --- Number VI: Larxene. The Organization's Not-That-Geezer's-Heart-Tank. ... Copied to Clipboard!
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papercup 03/13/23 12:04:35 AM #3: |
EclairReturns posted... Are you trying to imply that we are due for another economic recession?Banks are failing left and right. FDIC is preemptively taking over Signature bank before they open tomorrow. --- Nintendo Network ID: papercups 3DS FC: 4124 5916 9925 ... Copied to Clipboard!
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KJ_StErOiDs 03/13/23 12:06:45 AM #4: |
As much as I'm going to be. I'm not going to prepare for one scenario or another, or worry about it for that matter. --- "Shhh! Ben, don't ruin the ending!" --Adrian Ripburger, Full Throttle ... Copied to Clipboard!
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joemodda 03/13/23 12:07:02 AM #5: |
Oof, tech sector (especially Silicon Valley) is definitely going through a dark age --- Death... Is a preferable alternative to Communism! ... Copied to Clipboard!
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CarefreeDude 03/13/23 12:13:48 AM #6: |
I wouldn't be surprised if there is another economic recession soon, but I don't think this is it yet. --- Switch Code: SW-5421-8761-9807 IGN: Chris Pokemon Home Friend Code: XSNF-XRED-EWDK 3DS:5112-3770-6561 ... Copied to Clipboard!
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Ozmose 03/13/23 1:47:41 AM #7: |
I think comparing what's coming to 2008 is awfully optimistic. --- Most people are other people. Their thoughts are someone else's opinions, their lives a mimicry, their passions a quotation. - Oscar Wilde ... Copied to Clipboard!
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ParanoidObsessive 03/13/23 1:52:41 AM #8: |
papercup posted... Y'all ready for... https://youtu.be/iPOmFUid3vA?t=15 --- "Wall of Text'D!" --- oldskoolplayr76 "POwned again." --- blight family ... Copied to Clipboard!
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faramir77 03/13/23 1:59:56 AM #9: |
I'm not even remotely overextended on my mortgage and my job is at very low risk of disappearing in a recession. So yeah, I'd be ready for it. --- http://www.youtube.com/watch?v=XiCtAUrZbUk -- Defeating the Running Man of Ocarina of Time in a race since 01/17/2009. -- ... Copied to Clipboard!
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Zareth 03/13/23 2:00:49 AM #10: |
Get some crabs. Crabs is recession-proof. People gotta eat. --- What would Bligh do? ... Copied to Clipboard!
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Ozmose 03/13/23 2:22:29 AM #11: |
faramir77 posted... I'm not even remotely overextended on my mortgage and my job is at very low risk of disappearing in a recession. So yeah, I'd be ready for it.Where a lot of people got hit last time was their 401k. I know a guy that lost 2/3 of his retirement fund in the last crash. I don't think a lot of people realize how much their money is used to gamble with by the banks and other various financial institutions. People put their money in the bank and think it just sits there. When in reality they're using it to buy bonds, and with the yield curve inverted they can't maintain liquidity. It's basically a Ponzi scheme. All your money is tied up in other peoples failing investments. --- Most people are other people. Their thoughts are someone else's opinions, their lives a mimicry, their passions a quotation. - Oscar Wilde ... Copied to Clipboard!
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SoreChasm 03/13/23 5:13:30 AM #12: |
What if instead of games Delta was really into collecting crabs and he was constantly sending crabs to other PotDers what kind of crab would you want Delta to send u? --- Never be afraid to show your emotions, even if they're fake. ... Copied to Clipboard!
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Judgmenl 03/13/23 5:15:26 AM #13: |
More hysterical reactionism. --- Whenever someone sings fansa and they don't input their name instead of mona at the mona-beam part I'm like "Are you even a real aidoru?". ... Copied to Clipboard!
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shadowsword87 03/13/23 5:15:37 AM #14: |
Ozmose posted... Where a lot of people got hit last time was their 401k. I know a guy that lost 2/3 of his retirement fund in the last crash. I don't think a lot of people realize how much their money is used to gamble with by the banks and other various financial institutions. People put their money in the bank and think it just sits there. When in reality they're using it to buy bonds, and with the yield curve inverted they can't maintain liquidity. It's basically a Ponzi scheme. All your money is tied up in other peoples failing investments. Which is insured up to 250k by the federal government. Also, bonds have a return rate of 4%. If they're slapping it into bonds they're being idiots. ... Copied to Clipboard!
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Clench281 03/13/23 5:22:13 AM #15: |
I'd love to see the death of the 30 year fixed rate mortgage --- Take me for what I am -- who I was meant to be. And if you give a damn, take me baby, or leave me. ... Copied to Clipboard!
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ParanoidObsessive 03/13/23 7:55:09 AM #16: |
SoreChasm posted... What if instead of games Delta was really into collecting crabs and he was constantly sending crabs to other PotDers what kind of crab would you want Delta to send u? I'd want one of these: https://en.wikipedia.org/wiki/Crab_Nebula I could probably send him back some of these in exchange: https://en.wikipedia.org/wiki/Horseshoe_crab But hopefully he doesn't give me any of these: https://en.wikipedia.org/wiki/Crab_louse --- "Wall of Text'D!" --- oldskoolplayr76 "POwned again." --- blight family ... Copied to Clipboard!
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faramir77 03/13/23 9:21:14 AM #17: |
Clench281 posted... I'd love to see the death of the 30 year fixed rate mortgage Lol, why? In Canada you have to renew your mortgage every 5 years. Unless interest rates drop, Canada will see one of the biggest housing crises in first world history in about 3 years when all the under 2% interest rate mortgages come due for renewal at 6% or more, which increases the monthly payment by about 50%. --- http://www.youtube.com/watch?v=XiCtAUrZbUk -- Defeating the Running Man of Ocarina of Time in a race since 01/17/2009. -- ... Copied to Clipboard!
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Red_Haze 03/13/23 9:45:35 AM #18: |
Zareth posted... Get some crabs. Crabs is recession-proof. People gotta eat.What if you have a shellfish allergy? --- Not changing this sig until Apollo Crews becomes WWE champion - 2/4/2015 http://www.youtube.com/watch?v=AM-lISXQFlo ... Copied to Clipboard!
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hockey7318 03/13/23 10:02:37 AM #19: |
Clench281 posted... I'd love to see the death of the 30 year fixed rate mortgageYeah, I'm not sure I understand why I'd want adjustable at this point... ... Copied to Clipboard!
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BlackScythe0 03/13/23 10:20:39 AM #20: |
https://www.youtube.com/watch?v=pVDbToV8n50 ... Copied to Clipboard!
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RCtheWSBC 03/13/23 10:51:45 AM #21: |
Ozmose posted... Where a lot of people got hit last time was their 401k. I know a guy that lost 2/3 of his retirement fund in the last crash. I don't think a lot of people realize how much their money is used to gamble with by the banks and other various financial institutions.It's not like I'm planning to retire in the next 5-10 years so \_()_/ The loss becomes realized once you withdraw the funds, so I'll just keep contributing to my retirement accounts and not look at the line go down --- https://i.imgur.com/HZf4bFJ.gif the White-Sounding Black Chick ... Copied to Clipboard!
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FatalAccident 03/13/23 1:13:07 PM #22: |
These are commercial banks lending to specific businesses and not conventional banks holding yours and my money. Yeah theres implications further down the line for employees here but its a bit alarmist to compare this to 2008 --- *walks away* ... Copied to Clipboard!
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SoreChasm 03/13/23 1:58:49 PM #23: |
ParanoidObsessive posted... I'd want one of these:I appreciate your honesty, PO --- Never be afraid to show your emotions, even if they're fake. ... Copied to Clipboard!
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teddy241 03/13/23 2:17:16 PM #24: |
ParanoidObsessive posted... https://youtu.be/iPOmFUid3vA?t=15Thank god someone won the topic ... Copied to Clipboard!
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Jen0125 03/13/23 2:23:46 PM #25: |
hockey7318 posted... Yeah, I'm not sure I understand why I'd want adjustable at this point... He believes we shouldn't have single family homes. That's why he said that. ... Copied to Clipboard!
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