Oh. My. God

When does that 2008 chart start? It better start with the collapse of Bear Stearns

>it's happening! this time is for real, believe it!
says increasingly nervous man for the 20th time this decade
btw prepare yourself for 4 more years of trump

>muh hell on earth
Is the gobernment gonna cut neetbux? No? Then I don't give a fuck. Imagine being a wagecuck in this day and age lmao.

Capitalism is over. Not even kidding.

what happened from 08' till now. moon mission confirmed

This is the full map

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>trump shill
I didn't know this was a thing...

>Is the gobernment gonna cut neetbux
Yes. Highly likely.

link?

but user, this depression will last years
many of the companies you see today might not even make it

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buy index funds then

>buy the dip

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>How is the market crashing this hard? It’s just a fucking flu.
Because Drumpf propped it up as much as humanly possible because he liked pretty green numbers even though nothing was actually backing it, and the corona was just the needle that popped the balloon

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Its not just a fucking flu you dumbass

Now imagine if it wasn't propped up and the same exact balloon that he inherited would have popped right now. Take a deep long think.

>this depression will last years
This depression will last for the rest of your life. You'll never make it, you'll never know joy away from stress, you'll never have anything, ever. This is the truth. You don't fully believe it yet, but you will soon. Enjoy a life full of misery.

>he thinks there will be a government
top fucking kek
the financial system is one of the few strings left thats holding america together

once the economy blows and corona-chan reaps the boomers, its gonna be civil war

>Weak men create hard times.

Thank you. The graph starts in 2007 though. That's what's so misleading about OP's stupid ass graph.

The greater the height the larger the fall? Also imagine if he didn't dismantle the group designed for this exact thing and didn't tell people to just go out and about cause it's no big deal during the initial stages of it! (:

>spanish flu kills young people the most. Those that can and do work
>death toll estimated as high as 50 million
>markets don't move

>modern memevirus is only a big threat to people who are already retired and useless
>death toll 5k
>world economy exploding

absolute joke of a reality

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now hold on now i know corporations had massive debt
But the corporations will die others will take their place and life will move on
Why not?

I have really low living standards. I eat cheap expired food and have lived in a tent for over a month. Most normies will have a hard time adjusting and won't have a clue how to deal with the situation at first. This is finally our opportunity to thrive.

blame all the retards on Yas Forums in gebruary and late january hyping this shit up
ive been syaing its just a flu aince the beginning, but anons kept spamming it

i sincerly believe its all the shitposting memes in jan and febs fuckin fault

This wasnt just a meme, this was a journey

if a nothingburger virus is enough to crash the economy, then the economy was already rotten from within and total shit anyways and was just waiting for a kick to bring the whole thing down

and if it isn't a nothingburger, it doesn't matter anyways since tens of millions will die and hundreds of millions lose their jobs leading to global geopolitical chaos and world war 3

It's literally less worse than the flu both in terms of deaths and infection.

its a plot by a bunch of outcasts to shitpost all of the net to incite fear and panic while they boost their put positions that are already over-extended

their going to write about this the same way we rigged the election through massive online shitposting and meme-influencing.

Cramer is a regular on reddit, that should tell you something - this is all a carefully subtle coordinated effort to sell off the [ previously over valued ] stocks that are now at 2016 levels.

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I'm merely molesting that little place of fear and uncertainty at the back of all our heads. The names Quincy.

>>Weak men create hard times.
>hard times create chads
+1

What did u expect from clown world?

>But the corporations will die others will take their place and life will move on
When the asteroid hits, the T-rex will die, but another T-rex will become rex of the hill

phone post or public library?

It wouldn't have been as bad. The bigger the bubble the larger the pop.
> corona was just the needle that popped the balloon
People need to understand this, even if corona was magically eradicated tomorrow wouldn't make a different. The bubble is burst.

Trading has gotten alot faster due to online banking

and the journey was the friends we memed into existence along the way

>if a nothingburger virus is enough to crash the economy, then the economy was already rotten from within
+1

b a s a d o m u c h o

In the end, this is good for society, you're right. But it wont be a clean transition.

We're going to get fucked so hard. This is the everything bubble - better withdraw your cash from the bank!
youtube.com/watch?v=-ljcbFBTLa4

There was a stock crash then, but the government did nothing to bail out the losers and after that we had The Roaring 20s.

I'm not homeless now. I just know that I can weather the storm better than most people who will be falling from much greater heights than I am.

You're a fucking retard. The financial system is in orders of magnitude of a worse position than it was in 2008.

The great depression 2 was in the late 60s to mid 70s by many standards, though historically they weren't allowed to label it as such. This is great depression 3, technically. Also, it's been a recession for 20-30 years leading into such, despite the dot com boom, and other bubbles, the real data mimics the lost decade in Japan, and in a greater arena the lost 2-3 decades world wide. That's what you get with a system divorced from nature, and sustained by social lies.

It is literally more infectious and more deadly than the flu.

Hopefully we get another uprising against the international banking mafia that’s responsible for these crashes. This time we’ll win.

Globalization obviously was a sham.
Saving PENNIES by destroying American jobs was unsustainable and strategically retarded. The chickens have come home to roost. Playing games with our currency overseas, allowing foreign nationals to buy our homes, allowing international elites to hollow out our country for profit.. all unsustainable destruction of a once functional society. They put the market before all and treated is like livestock to run social and economic experiments on.
Next up is total destruction. Hold cash until the time to buy. The market will still exist but it will be turmoil for years. This is the beginning of the end for all of it. Europe too. The migrants are going home, the wars are over

You're wrong on both counts.

Its ww3 time.

One can only pray. We need to rally together and get this shit done once and for all. This cartel is our slave master, and we're the hard working serfs that are contributing to our very own demise. These fucking kikes have got to go - all of them.

It's looking more like a flash crash

I really can't see Trump getting re-elected. Coronavirus wasn't his doing, but the kind of measures that will have to be taken to try and deal with are not going to be popular.

Your not wrong

Do you remember what the 1st Great Depression contributed to?
>Hundreds of millions homeless, jobless, and starving
>Civil Wars and Social Unrest all over the world
>People seeking an alternative to capitalism caused fascism and communism to become extremely popular
>Hitler rose to power
>WW2 happened
>World was split between communism and capitalism and near nuclear war for decades (plus all the proxy wars all over the world between the two)

user, economic crashes of this magnitude are world changing events. Prepare your anus.

This literally not the great depression, simp.

You know what?
Maybe the commies are right.
I mean we have gps driven tractors, remote controlled forklifts, gps driven trucks...
What do we need capitalism for?
The whole point of capitalism is making the proles do the tedious jobs.
Now those are done by machines.
Im just saying.

>Is the gobernment gonna cut neetbux

Yeah I'd imagine so. The economy is basically going to stop entirely for a couple of months. Loads of businesses are going to go bankrupt and lots of people will lose their jobs. There will be no taxes coming in and what money the government does have will probably have to go to propping up failing (but necessary) industries like the airline industry.

Consider this:
The bailouts started in September. The recession was already coming and it was going to be bad.
The virus is released in November.
They call it a "black swan" event but what if...
What if China discovered the disease, held it until America was bailing out banks... Then released it, along with a theatrical overreaction to the illness?
It seems like too much of a coincidence

topkeked

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Beans
Peanut butter
'shrooms

>The financial system is in orders of magnitude of a worse position than it was in 2008.
+1

+1

S&P 500 Plunged Most Since 1987, Gave Up in 18 Days the 42% Gains of Past 3 Years. Boeing Shares Collapsed
by Wolf Richter • Mar 16, 2020 • 88 Comments
It’s not the drop that worries me, it’s the historic neck-breaking volatility.
By Wolf Richter for WOLF STREET:
It started out ugly Sunday night and ended uglier today. Sunday evening, stock futures plunged 5%, hit limit down, and trading was halted. Futures remained pinned at limit down without further trading. When stocks started trading in the morning during regular hours, the S&P 500 Index opened at 2,490, down -8.1%. This was below the limit down rule during regular hours where trading should stop for 15 minutes if the index drops 7%. But it had blown through this limit-down from the first moment.

Trading was halted at the point. When trading resumed 15 minutes later, the S&P 500 index instantly fell to 2,412 (-11%) before it started moving higher. But the partial recovery, if you can call it that, only lasted about one-and-a-half hours, before stocks gave up their ghost, and the S&P 500 index broke through the 2,400 level, closing the day at 2,386 after a nasty drop-off at the end of the day. The index ended the day down 12%, the biggest ugliest one-day drop since Black Monday in October 1987:
The S&P 500 index has now plunged 29% in the 18 trading days since the peak in February 19 and is below where it had first been on March 1, 2017 – which was over three years ago. In other words, the S&P 500 unwound three years’ worth of gains in 18 trading days.
Another way of looking at this: Over the three years from March 1, 2017, through the peak on February 19, 2020 (3,386), the S&P 500 had gained a blistering 42%, all of which are now gone.

Fires are necessary to clear out the forest every generation

no

They aren't cutting neetbux, they're trying to prevent riots and violence, especially when the food runs out. The military might be called in to prevent looting. Everyone is going on unemployment

Well I'm not sure what my takeaway is supposed to be here. "Holy shit it's dumping faster so it's going to dump 80% this time"?

okay this is epic

>what if china releases it to fuck you up for bullying it

Why do amerifucks always forget that part? Oh cuz they live in an artificial bubble of false superiority.

Why is gold crashing along with the stock market ?

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>hurrhurr 7000 > 60,000

Retard white fuck detected

We've been swimming in gasoline Corona-chan is just the based girl that lit it.

buying the dip works until it doesnt

We've been in an unsustainable bubble since 2009. The market is crashing because it's designed to crash about once every decade, covid is just a convenient scapegoat.

That's mean user. I've gotta admit I'm kinda starting to freak out a bit. I'm not too worried about the coronavirus*, but it's effect on the economy and society in general is concerning. The economic fallout from this will last years, decades even, and could make it extremely difficult to find work. Also, people are really starting to enter panic mode now. Shops are doing a decent job of keeping the shelves stocked, but if the supply chains get interrupted too significantly, I'm not sure the general public would be able to handle it. I'm definitely concerned that stuff like bank runs might start happening in the not-too-distant future.

*although I definitely don't want to get sick anytime soon because the NHS is not gonna be in good shape. I'm only mid-twenties, but I have got mild asthma, so idk what sort of risk level I'm at and don't really want to find out.

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