Is the economy really crashing

Yes. Sit on cash until it bottoms and buy cheap.

I thought all the boomers were retired

>sit on cash
Worst idea ever.

>pol
Holy fuck, newfag

honestly a lot of this feels fake and gay. the fundamentals of the boomer market haven't really changed much. only thing that concerns me is that oil trade war, and it's way too early to tell what impact that should really be having. no one can actually articulate what's happening, just a bunch of goldbugs and permabears screaming "I TOLD YOU SO".

oops I mean AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

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The older ones have retired, but no, the rate is still increasing year over year, and will peak in a couple years from now.

this is how I feel too, aside from some of the obvious stuff I definitely think there is too much panic driving things.

>we tried
shut up /leftypol/ fag

You thought you could get rich easy through investing, live a comfortable life. Where did that bring you? Back to me.

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Inflation will catch up with the ones who've already cashed out

Pension funds will need to be bailed out, or there's going to be a lot of broke boomers and government employees who have nothing who were trusting the pension funds.
The pension funds are about 50% underfunded, you're gonna see some real shit go down today.

NOOOO, NOOO IT CAN'T BE TRUE. SPECULATIVE INVESTMENT CAN PERSIST FOREVER!

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>40%-70% infected in next 18 months predicted by WHO and CDC
>1-5% fatality rate
>1.3 -11.2 million dead in US alone based on those figures

Nothing burger. Buy Link cheap!

Yes, it´s crashing. DOW is gonna dip to atleast 15k and then correct to 18-20k.

>dollar reached 5 BRL

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almost everyone who will die from corona-chan is old. old people dying means high salary jobs and estates are transferred to younger generations. this drives up spending, and the US is a consumer economy.

this might be good for crypto, since it's a millennial/zoomer thing. I don't know. but boomer markets have not fundamentally changed. things are clearly going to be rocky short term, but even your doom scenario is bullish long term. all the predictions of governmental collapse, hyperinflation, and people reverting to cannibalism to survive make no sense.

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Nah, is just a conspiracy developed by Chinese psy-ops groups to undermine American dominance in the market.

You always say it, even when things are pumping, so your shills has no value.

Yes, and the ECB just announced that they are doing pretty much fuck all because they don't see any significant "strains or liquidity shortages" lmao. It's all going to fucking crash so hard and the central banks are out of ammo to do a damn thing about it!

>bitcoin drops a lot
>my Brazil bucks go down with it

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Even if you don't die there is like a 10%-20% chance you need to go to the hospital, user. That's true even for the millenials and the zoomers. All the official death figures are predicated on emergency services not being overwhelmed and people getting the treatment they need. What do you think is going to happen to those numbers when this stops being true?
Furthermore, the health insurance companies are refusing to pay for treatment. 70% of all americans live paycheck to paycheck. What do you think will happen to the american economy when like 10% of the population goes bankrupt within the next 4 months?

Yes, eventually it'll be ok but you have to account for how long probate takes. The legal system is far less prepared than the healthcare system for 800,000-11 million excess deaths. Those assets will all be inactive for awhile.

Also, 5+% of Lombardi's healthcare workers are already infected. We have a lot of Boomer doctors here. Health could be fucked even after a vaccine is out after things stabilize.

You're also forgetting that Boomers spent everything on new cars and remodeling their houses every 5 years because they always had good times. Millennials are savers due to the Great Recession and will probably be even worse after this.

If the payroll tax cut goes through we'll be running $2 trillion deficits and have a debt crisis or major cuts/tax hikes cooking

I'd be interested in becoming a communist if it was the Vietnamese variety - that is, mixed with nationalism to drive foreign invaders out of your lands. Find me a patriotic communist who wants to deport africans and arabs and I'll vote for him

Yeah. Anyone who didn't see this coming deserves to lose their money.

Look to the sky way up on high
There in the nigh stars now are right
Eons have passed now then at last
Whence They were penned They will descend

They will retun mankind will learn
New kinds of fear once They are here
As They reclaim all in Their name
Watch only can powerless man

Ignorant fools mankind now rules
Where They ruled then it's Theirs again
Madness will reign terror and pain
Woes without end where They extend

Scary scary scary scary Solstice
Very very very scary Solstice

Up from the sea from underground
Down from the sky They're all around
They will retun mankind will learn
New kinds of fear when They are hear

They will return

I guess zoomzooms don't remember 2008

you're speculating like it's still december 2019. we're getting lots of information from people from the US and Italy who got corona-chan and survived. young people describe a wide array of experiences from a mild cold to a horrific flu. most people who experience even bad symptoms will not need hospitalization.

you are legitimately retarded if you think 10% of the US is going to go bankrupt over this.

the lack of scale in the legal system is a great point. but you're wrong about millennials. they're spenders, and their spending has kept the US economy afloat for the past decade.

I have no idea what will happen with a payroll tax cut. my inclination is that it's probably not good, but we've already gone full mmt so who knows.

>Thinking this is just 2008: 2

Not him, but the Vietnamese were against colonial presence, not against foreigners. The variety you speak of exists, and is the kind that opposes the various forms of colonialism and neo-colonialism that deprive countries of their local resources and right to choose.

Marx was right. Capitalism is a cruel joke being played on the proletariat.

>Not him
Fuck me, that's what I get for browsing several boards at the same time.

Read about the German Democratic Republic archive.org/details/StasiStateOrSocialistParadise/page/n1/mode/2up
Btw user, we communists don’t get voted into power

Gentlemen, I don't know if you are aware, but; We are facing a global financial crisis. The bourgeois knows no bounds and spreads across the entirety of the globe, and, as such, the resulting crisis of capital, as we can see, will be one of a globe spanning nature.

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Be the nazbol you want to be user. Once you stop the porky forever wars there will be no need to import Arabs.

>you're speculating like it's still december 2019. we're getting lots of information from people from the US and Italy who got corona-chan and survived. young people describe a wide array of experiences from a mild cold to a horrific flu
uptodate.com/contents/coronavirus-disease-2019-covid-19#H4141359801
15% of all confirmed cases exhibit "severe" symptoms, which is defined as needing a trip to the ICU.
Note: this is confirmed cases, not just "people who voluntarily checked themselves into the hospital"
Also since these numbers are coming from Wuhan, if they're wrong it's because they're overly conservative as the CCP covers up the true death toll of the virus.

Accept reality, user. Corona-chan is going to hit the American healthcare system like a nuclear bomb.

m.youtube.com/watch?v=RHQLxVi_X1w

Mass boomer suicides when??

Why do the Chinese cover up the true death toll? What's the reason to think that?

your own link says the number who need ICU treatment is 5% not 15%. the 14% number is people who will need to get an albuterol inhaler from their GP.

definitely and clearly not a nothing burger, but this is not the end of the world you guys think it is.

You're right about millennials but that rapidly shifting to muh van life, pod sharing. Boomers will go into panic mode because unlike 2008, they're all old fuckers now that can't fend for themselves without $$$$$. Because they are such a large demographic, their panic is going to cause massive ripples globally.

Every morning I chat with my brother in law who is a financial adviser for a major wealth management company. We both love trading and markets and have lengthy discussions every morning before market open. This morning he just texted me and said "can't talk, dude. This is bad, like what we've always talked about. It's here."

>DUDE THE STOCK MARKET CRASHED SO JUST IMPLEMENT BREADLINES AND WORKER GENOCIDES FOREVER BRO
Christ I hope corona cripples the police force so we can just remove you dysgenic mongrels from the gene pool.

I said that the 10%-20% number was for people who need breathing assistance, such as extra O2 and the like. Intubation is the worst possible scenario for this, but pretending that this boils down to "dude just get an inhaler lol" is dishonest.
Furthermore, you continue to ignore the reality that in the United States, visiting the ER because you can't fucking breathe and being prescribed medicine will pink wojak the supermajority of Americans' finances. Especially given that the most the health insurance companies are willing to spring for is testing, not treatment.

The more people died, the worse they look. Image and reputation are everything.

Stock up on ammo before it's too late, faggots.

probably worse, but doubtfully great depression era tier. Buying a gun and ammo just in case though

I live in Brazil, I can't even have a fucking gun.
I am already dead, don't i?

>old people dying means high salary jobs and estates are transferred to younger generations
HEHEHEHAHAHAHAHAHAHAHAHAAHAHAHAHHAHAAHAHAHAHHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAAHAHAHAHAAHHAAHHAHAHAHAHAHAHAHAHAHAHHAHAAHHAHAHAHAHAHAHAAHAHAHAHHAHAAHHAAHHAHAAHHAAHHAAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAAHHAAHHAHAAHAHAHHAHAHAAHAHAHAHAHHAAHHAHAGAGAAGAGAHAHAGVAHAHAAHAHAHAHAHHAHAHAHAAHAHAHHAAHAHAHAHAHAHAHAHAHAHAHHAHAAHAHAHAHAHHAHAAHHAAHAHAHAH
YOU HONESTLY THINK, THAT THOSE JOBS ARE MORE THAN JUST TITLES, THAT THE MIDDLE MANAGER MAKING 250K WHO CANT OPEN A PDF IS GOING TO DIE AND JUST GIVE YOOU A FAT SALARY TO TAKE THAT JOB TITLE. user. user. LEMME TELL YOU SOMETHING. IT WONT HAPPEN. THAT IS NOT A JOB ANYONE WILL EVER BE TAKING. ITS GONE. ONCE THE BOOMER GOES ITS GONE.

Fucking Americans think life is like Mad Max.

This.
Last breath of a dying system. No one will ever work for those salaries ever again, not for a hundred years at least.

>THE MIDDLE MANAGER MAKING 250K WHO CANT OPEN A PDF IS GOING TO DIE AND JUST GIVE YOOU A FAT SALARY TO TAKE THAT JOB TITLE.
That's exactly how Brazilian Government works.

I dunno, people will always need a clueless boss who needs their help to open .pdf files.

Yes.

It’s not “porky”, it’s Jews, kike.

I'm mid-30's and technically a millennial. I've seen this in myself and my peers. we wasted money in our 20's and started saving in our 30's. every US generation has done this for the past 60 years. but most millennials are still young, and we're a big demographic, essentially boomers 2.0.

I don't think we really disagree about the boomers. they have most of the wealth and are panicking, but I think that the panic is mostly irrational. there's no liquidity crisis and market fundamentals haven't really changed. people are just worried about numbers going down.

you continue to ignore the reality that the 14% number from your own link is people who will need an albuterol inhaler. they're not expensive.

the 5% number is cause for concern. there's no reason to exaggerate.

THIS!

DRUUUUUUUUUUUUUMPF

Obviously you have mold growing on your brain but are you seriously unaware that the market goes in cycles?

Let them starve

Yeah bro that's exactly the idea. Wow, good take my highschool summerfriend.

Lol, boomers never retire.