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Thread: Great depression Two

  1. #1

    Default Great depression Two

    Regardless if you liked Trump or hated him, one thing he was right about is that the US media is very corrupt.
    For example, the media will not publish that the US economy is tanking terribly. Instead, you are assured that the US economy is getting better.
    Gold has been dropping steadily for many weeks now.
    The US in entering a deflationary recession.
    At the same time Washington is talking a good talk about how they will restimulate (reinflate the bubbles).
    This is buoying the stock market. And the silver market.
    The US stock market will lose patience with Washington's all talk and no action. The stock market should move sideways. Waiting for the economic stimulus.
    Silver, which has been making new highs, is starting to lose momentum. Expect to see AU continue to slide, with the AU to AG ratio dropping into the 50's.
    Silver prices, being so volatile, could start tanking too. (But not as much as AU prices).
    Once Washington gets around to actually do something about the economy, we will be in a big recession.
    But the stock market will rally on the stimulus money.
    The stock market tends to be in contango with the price of AG. Once the stock market reaches big gains, and AG drops to around six month lows (est), the stock market will drop to contango with the price of AG.
    This will probably usher in Great depression II. Could take many months for all this to play out.
    Washington might get around to stimulating the economy next month, at the earliest. Then we will have maybe a six month stock market rally (est).
    After that, all bets are off. The stock market will probably start running out of steam in the fourth quarter. (Est).
    If AG prices are low, watch for a very serious bear stock market around this time. The stock market could lose as much as 66%. Ushering in Great Depression II.
    Current prices for things like homes, autos, gold, stocks, etc are in a huge bubble right now. These prices are your grandparents prices.

  2. #2
    Join Date
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    Default

    Quote Originally Posted by Greatdepression2 View Post
    Regardless if you liked Trump or hated him, one thing he was right about is that the US media is very corrupt.
    For example, the media will not publish that the US economy is tanking terribly. Instead, you are assured that the US economy is getting better.
    Gold has been dropping steadily for many weeks now.
    The US in entering a deflationary recession.
    At the same time Washington is talking a good talk about how they will restimulate (reinflate the bubbles).
    This is buoying the stock market. And the silver market.
    The US stock market will lose patience with Washington's all talk and no action. The stock market should move sideways. Waiting for the economic stimulus.
    Silver, which has been making new highs, is starting to lose momentum. Expect to see AU continue to slide, with the AU to AG ratio dropping into the 50's.
    Silver prices, being so volatile, could start tanking too. (But not as much as AU prices).
    Once Washington gets around to actually do something about the economy, we will be in a big recession.
    But the stock market will rally on the stimulus money.
    The stock market tends to be in contango with the price of AG. Once the stock market reaches big gains, and AG drops to around six month lows (est), the stock market will drop to contango with the price of AG.
    This will probably usher in Great depression II. Could take many months for all this to play out.
    Washington might get around to stimulating the economy next month, at the earliest. Then we will have maybe a six month stock market rally (est).
    After that, all bets are off. The stock market will probably start running out of steam in the fourth quarter. (Est).
    If AG prices are low, watch for a very serious bear stock market around this time. The stock market could lose as much as 66%. Ushering in Great Depression II.
    Current prices for things like homes, autos, gold, stocks, etc are in a huge bubble right now. These prices are your grandparents prices.
    Not sure what you mean by..."These prices are your grandparents prices". https://mcusercontent.com/8a0f097d43...bSpSQRtZODALp4
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  3. #3

    Default

    The stock market will go up until all the hopium fuel runs out...then it will crash. It is WAY overextended based on economic activity.

    After the crash (April / May timeframe, maybe sooner) the gov and fed will pour gasoline on the fire and the FRN will die.

    PS: Gold to the moon...

  4. #4

    Default

    Quote Originally Posted by Atlas Shrugged View Post
    The stock market will go up until all the hopium fuel runs out...then it will crash. It is WAY overextended based on economic activity.

    After the crash (April / May timeframe, maybe sooner) the gov and fed will pour gasoline on the fire and the FRN will die.

    PS: Gold to the moon...
    I doubt gold will ever go to the moon. The money flowing will keep things going until the fall. Slow Joe Just announced another 3 trillion stimulus for the summer. That should be about 9 trillion in just a little over 6 months. I really don't know why I'm depressed.

  5. #5

    Default

    Quote Originally Posted by harleyjohn45 View Post
    I doubt gold will ever go to the moon. The money flowing will keep things going until the fall. Slow Joe Just announced another 3 trillion stimulus for the summer. That should be about 9 trillion in just a little over 6 months. I really don't know why I'm depressed.
    It wont go to the moon, the dollar will be inflated to worthlessness....gold is still gold.

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  6. #6

    Default

    Quote Originally Posted by Greatdepression2 View Post
    Regardless if you liked Trump or hated him, one thing he was right about is that the US media is very corrupt.
    For example, the media will not publish that the US economy is tanking terribly. Instead, you are assured that the US economy is getting better.
    Gold has been dropping steadily for many weeks now.
    The US in entering a deflationary recession.
    At the same time Washington is talking a good talk about how they will restimulate (reinflate the bubbles).
    This is buoying the stock market. And the silver market.
    The US stock market will lose patience with Washington's all talk and no action. The stock market should move sideways. Waiting for the economic stimulus.
    Silver, which has been making new highs, is starting to lose momentum. Expect to see AU continue to slide, with the AU to AG ratio dropping into the 50's.
    Silver prices, being so volatile, could start tanking too. (But not as much as AU prices).
    Once Washington gets around to actually do something about the economy, we will be in a big recession.
    But the stock market will rally on the stimulus money.
    The stock market tends to be in contango with the price of AG. Once the stock market reaches big gains, and AG drops to around six month lows (est), the stock market will drop to contango with the price of AG.
    This will probably usher in Great depression II. Could take many months for all this to play out.
    Washington might get around to stimulating the economy next month, at the earliest. Then we will have maybe a six month stock market rally (est).
    After that, all bets are off. The stock market will probably start running out of steam in the fourth quarter. (Est).
    If AG prices are low, watch for a very serious bear stock market around this time. The stock market could lose as much as 66%. Ushering in Great Depression II.
    Current prices for things like homes, autos, gold, stocks, etc are in a huge bubble right now. These prices are your grandparents prices.
    Deflation ain't happening.
    "It's the lure of easy money - It's got a very strong appeal." - Glenn Frey (The Smuggler's Blues)

    "A wise and frugal government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned." - Thomas Jefferson

  7. #7

    Default

    Not sure what you mean by..."These prices are your grandparents prices".


    I think he meant, you will see prices like your grandfather, I actually doubt that, but we could see a lot of pain. No one is going to give you a farm for a gold eagle. In 1937 the year I was born, my father could have bought a 500 acre farm for 500.00. The problem was he only made 60.00 that year.

  8. #8

    Default

    Deflation ain't happening.

    We may see some bargains, but probably not the scale Greatdepression2 suggested. Having cash and a little bag of gold and silver might be a good thing.

  9. #9

    Default

    with covid, production output is curtailed. inventory drawn down
    Once or if covid restriction ease, u will see alotta shortage.
    we are seeing computer chip shortage now. Many see a commodity bull trend.
    I live in an oil town, downtown commercial space decimated, 30% vacancy but residential house demand is still brisk and in demand.
    Low rate and cash is trash, better buy something u want now

  10. #10

    Default Federal Reserve to Test Ability of Largest Banks to Weather a Recession

    Federal Reserve to Test Ability of Largest Banks to Weather a Recession
    The Wall Street Journal
    Feb. 12, 2021

    Stress test will feature a scenario in which markets seize up and unemployment jumps above 10%

    The Federal Reserve said it would test the ability of the largest U.S. banks to weather a hypothetical recession in which markets seize up and unemployment jumps above 10%.

    In a “severely adverse” scenario, unemployment rises by 4 percentage points to reach nearly 11% in the third quarter of next year, as gross domestic product falls and asset prices drop sharply, including a 55% decline in equity prices.
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