Economic crash worse than in 2008?

I turned off my TV, radio and unfollowed pretty much everything on Facebook. As a result, I'm much happier. Its all doom and gloom everywhere you look these days. I ain't got time for that.

 

People wait all year in eager anticipation of black friday sales. Yet abhor the idea of a market crash. Ironic.





Theres a sale coming at the expense of those who dont know that it'll be their stuff for sale. Save up until P/E ratio breaks below 10. then start buying as the sky falls.

 

I guess I was talking about base price but I see what your saying. Basically lowering their profit on each unit to pretty much nothing in order to move them.

I’d like to see the next 6 months be a rebuilding period followed by a very strong 2021. One can hope for the best and prepare for the worst I suppose.

 

The price of the Volvo trucks being discounted just shows you how much profit margins they have in those units.

 

A whole lot of people thought 2006 was the crash, in 2006. The all clear was being sounded in 2007 since home sales ticked up and prices rose briefly. Its when i bought mine, nov 07. And it was unanimously agreed that timing was great.

Hindsight is 20/20 though as the real crash waa still ahead of me. Things didnt get better until 09.

That said, keep in mind the bottom of this one may not come until 2022. No one knows.

 

Study finds 44% of U.S. unemployment applicants have been denied or are still waiting

 

There's more. The Denver mayor predicted a $266 MILLION dollar shortfall( mostly from lack of sales tax) and are furloughing govt. workers. That's serious in an overworked system as it is. I think the poor standing around fire barrels will be talking about this for a long time. I'm thinking maybe, the fun gonna stop here,,,

 

Not trimming the welfare roll. Just adding to it.

Lenin grins from his grave.