Is there going to be an economic depression?

>1 POST ZOG BOT

>You don't have the right to any resources besides what you need for immediate survival
So you want everyone to be slaves, basically

REFERING TO yud6lbyi

A deflationary depression is already underway and being met with relentless money printing. Since less goods and services are being produced to cover the money printing, I expect high inflation will follow.

Soon we will be honorary Venezuelans.

Which means what?

they don't even want to admit we are in a recession yet much less a depression. open your eyes motherfuckers we are $24 trillion in debt

everything gets more expensive, this happens whenever money is printed.

We are in for a shit show tomorrow. Expect the Dow to be below 18k within an hour of opening.

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Yes. The problem economist have been talking about for months is economic hard stops as the result of covid19. The first concern was the supply side shock because of china slowing down. They handled the situation well and now the spread to the states is causing more sudden stops here. Because of these stops there will be an eventual demand shock. That coupled with the one two punch of a sudden plunge in oil prices caused an extra interesting set of issues as corporate debt amongst oil companies is unserviceable at this price which will lead to defaults and bankruptcies even with trump bailing them out through barrel purchases. Commercial paper in the treasury market had zero buyers by Friday of last week which is why the fed has stepped in to save the treasury market. We need to completley shut down most of the economy except essential business for 5 to 6 weeks. We've had 6 weeks of already turbulent economic hard times with no adequate reaction from the US government except by the fed. The 2nd quarter looks unbelievably rough.

They will halt trading for the day if it goes below 20K i think. unsure of the percentages for this to take place.

Actually we've got some concerns of a supply glut in consumer staples since people are building up inventories so dramatically.

There are 3 different circuit breakers 7,13 and 20 percent.

Also the imits of 5 percent either direction for futures which we hit tonight again.

Still trying to find out if coffee is good for you.

what

We're in it.

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GDP will drop, but GDP per capita will skyrocket

>A deflationary depression is already underway
>I expect high inflation will follow.
In a true depression, prices drop because there are plenty of goods but not enough people with money to buy them (because they're unemployed and scraping). This forces sellers to lower prices. Disinflation/deflation, not inflation. If you see prices start dropping, we're probably in a depression. Unemployment would also be out of control.
This guy gets it:

>Commercial paper in the treasury market had zero buyers by Friday of last week which is why the fed has stepped in to save the treasury market.
Yeah the bid-ask spread on certain Treasuries was incredibly wide last week, because of the lack of buyers.
Not the 10-year though, another recessionary indicator.

burn it all down!!!

The debt has literally nothing to do with an economic recession though.

There’s not going to be a depression. That would require the currency becoming devalued. We may, however go into recession which is six months or more of reduced economic activity.

would really like to see a case where the federal reswrve would say "okey time to pay the debt guys" what would happen.i mean, insert some us president and walk with the army to the front office and ask what debt?

There are no signs of a traditional recession, the DOW is not the economy. In particular gold prices should be going up as people flee fiat for precious metals, as should BTC since it's another alternate currency. Instead we're seeing a dump for whatever reason. If it's a recession it's an entirely new kind of recession that hasn't been documented yet, one in which people oddly flee both the market and alternate currencies. Possibly investing their money purely in finished goods like canned food in preparation for the big owl.

Yes but stock markets it's ogre we're all going to die

Based and per capitapilled

>muh stork market

Kek

We've developed a huge asset bubble as a result of continuously low interest rates since the financial crisis. A stock market correction was needed regardless, and until the corona panic, it looked as if the administration had the fiscal space to to face that correction and continue to slowly raised rates/reduce the bubble, despite many missteps.
I think this was the knockout punch. If Trump wanted to continue on the path, he would have focused on mitigation of the virus early and in subsequent crisis meetings, focused on the virus while displaying confidence in the economy as a whole - no QE except at very strategic moments. He's squandered that opportunity.
If this keeps up, and I think it will, expect the asset bubble to burst and the economy to slip away from the fed entirely.

Prices dropping among virtually all asset classes is a deflationary indicator, which is very bad. It means investors are selling everything for cash, because they believe the prices of all assets are going to continue to drop.

You dont understand, credit markets seized up, thus the only way panicking people could get access to liquid cash was by selling commodities like gold and silver. Simple supply and demand dictates the price will thus fall. This is a FAR more troubling scenario than gold shooting it, it means people can't sell bonds because they cant physically be paid at all and must look for easy alternatives. Do you not understand hoe horrible that is? That didnt even happen in 2008 dude.

Much better said than me. Listen to this guy.

Your wrong, there are plenty of signs, the difference is that the us manufactures dick all these days, so there arent any people to layoff. The us has been in a depressed state since 2008 , today the difference is that the multinational corps basically invested their capital overseas, so when the market dips 30% the avg american hardly sees any difference at all.

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depends, if they find a cure quickly - it will be back to normal in a year
if not - we are fucked for long while, consumerism will be kill

invest in pharma

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Makes sense re: forced to sell commodities due to Treasury market illiquidity.

Yes

Fuck yea this chick is hot af

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>dude

Filtered

Another big issues is if the fed keeps up QE but deflation continues, the ability of the government to actually finance that debt will be non existant. A lot of people think more money + worth more is good, but when that more money is predicated on a bond market finance by itself essentially, it makes me so fucking scared. The last administration deserves as much blame as the current one, but I think we are in for a truly massive disruption, albeit one which certain sectors are very insulated from - ie Ireland during the financial crisis.

except what little of those bailouts we still had left got spent in 08. theres not much left to bail out with, atleast not in any reasonable sense

I don't think you understand economics, man. The. Bond. Market. Seized. Entirely.

>econ experts
no such thing. they literally can't verify their data by the nature of their work. its a soft science and mostly a guessing game

RECESSION

SMALL BUSINESS MASSACRE FROM SOCIAL DISTANCING

>quantitative easing AGAIN

Stock market gonna be fine, everything else slowly shittier

Then the crash we were supposed to have in 08

Depression, hell. We'll be lucky if we don't have to resort to cannibalism, OP.

You're in one

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Nice copypasta faggot

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Yes. I am depressed right now.

>Is there going to be an economic depression?

...yes, when they try to solve this issue like they tried it all the years in the past since 2008.

...no, when they give everyone in europe and usa 1000 $/€ that must be spend, some kind of debit card or so, that would be for usa and europe ~1 trillion(european) $/€. the money would in the end flow back to the source and on its way fueling tons of buisnesses, when china doenst joins, the money can only spend on products and services within europe or usa or vice versa - dont forget, few days ago, your american fed burned 1.5 trillion just for little spike in the dow.

I wonder how long it can go on, too, but nothing surprises me anymore, especially after 2008-2015.

We will all be under a new system when this is over.

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This

All market indices go to zero. You’ve been warned.

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There is a very big difference between 1.5 trillion in repo dollars and a similar amount in actual currency. They aren't equivocal. That said, I do agree that a consumer-based stimulus could have been preferable after a short but severe virus lockdown since producer fundamentals are good and would still be with a bit of government support.

This. And to top it off you are asking a bunch of NEETs who can't hold a job and are completely checked out of society what they think is going to happen in our economic future. There are better places to look fo answers to these questions.