RED RED RED

I don't think you understand what is going to happen. The stock market crash in 1929 saw the loss of 85% from 360 to 60 points.
The highest of the dow was 29,000. Assuming the same percentage loss you will hit 4,350 points.
Now you may scoff at this. Say no no no, that can't be true. I don't believe either, so let's just say it has a loss down to 10,000, which is pretty reasonable.
Let's compare similar situations to show why this is likely to happen.
After the crash of 1929 the unemployment rate skyrocketed to 22% after the crash. It went up from 5%.
Depending on the numbers we have roughly a 5% unemployment rate in Feb 2020 using both the U-6 and U-3 unemployment numbers.
The workforce participation rate in Feb 2020 was roughly 66%.
You just saw a x10 unemployment claim jump from 300,000 to 3,000,000.
There is a total of 5,000,000 unemployed people in the united states. You just added another 2,700,000 to that number.
This is massive. If you really want to compare you are looking at a real unemployment rate of 10% right now, this is much faster than 1929 when it was only 8.7% by the end of 1930, a full year after the crash.

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>usa prints 2 trillion
>Yas Forums people see number they cannot grasp
>muh hyperinflation
>is actually only 12% of 1 year gdp

Please get some perspective. Hyperinflation shouldve been in dozens of countries if you are correct.

>5 million unemployed people in a country of 327 million
>this is massive
>this will lead to a depression like in the early 30's

Unemployment rate was over 25% in 1933 moron.

Also economies are completely different now. Once corona is over, many of the postponed economic activities will catch up. People that need a new car will buy it when shops reopen. People will still go on holidays. People have so much more spending power than in 1930 that the entire comparison makes no sense.

They printed 8.5 trillion, that’s 6months worth of gdp

God I hope not. This happening needs to escalate. I see all these people staying "positive" and "self-isolating" and I feel like the Grinch who can't figureout why Whoville is singing. Except instead of my heart getting bigger I start seething

To end with, the stock market is ahead of the economy, not behind it. Looking at the markets now, it indicates clearly that the economic damage will not be in depression territory.

There is not gonna be inflation because all the money is going to the 1% and it doesn't trickle down.

>Stocks in RED
why should I care?
stocks aren't any less fake or speculative than the derivatives meme

Red red stocksssss
Dont let me be
Red red stocksss
Stay close to meeee
Nothing for you baby
Shortsales for me
RED RED STOCKS MAKE ME FEEL SO FINE
KEEP ME ROCKIN ALL OF THE TIME

Could you refer me to a source since I havent seen that number pass before. Still, while big, it isnt economy changing massive on the long term.

Im not getting a stimulus check so I hope the economy keeps tanking and never recovers. Enjoy the decline.

futures flat
no unexpected bad news
we're crabbing and pumping into mid april until ER/concalls lay the cards on the table and a shitload of companies are forced to announce bankruptcy procedures.
then we dagger the fuck down.
don't fight the fed

I wanna be a roof top korean, let the dream be real.

look at it from a principle point of view. the nature of the situation hasn't changed. you cannot create value in your market by further dividing the nominal representations of value up. this has only created artificial leverage and this quantitative easing will not work. we are going balls in and non of the jewish money magic they make is going to change the principle underlying elements.

Brussels and keynespilled

Instead of being a sperg and writing 3 different posts just reply to 1. I understand you are panicing about it, but there is no reason to be irrational.
>5 million unemployed people in a country of 327 million
You aren't comparing the right numbers. If you want to use the total population then 100,000,000 are unemployed out of 300,000,000. Roughly 200,000,000 go to work every day, but this isn't entirely true as you would be counting double jobs, so the real number is 150,000,000, but even less than that when you. Please read how unemployment is calculated so I don't have to explain it to you like a child.
>Unemployment rate was over 25% in 1933 moron.
What do you think the unemployment rate will be in 2023?
The real unemployment rate right now is 10%, more than the unemployment rate of 1930 at 8.7%. Let me spell it out for you dumbass. The unemployment rate is higher now than it was in 1929 after the crash.
>To end with, the stock market is ahead of the economy, not behind it.
No it's not. The idea of "pricing it in" no longer works because of stimulus packages to encourage investors. The breakers do the same thing to cool off the market.

No one cares

lol dumbasses like you are on a hope and a prayer instead of looking at history. It will repeat itself just like it did in 2008 and just like it did in 1929.

this tbqh
they are printing unlimited money lads. the dow is going to 100k but with that bread will be going to $100

205,915,048 is the US adult working range. 5 mill is small for initial Job losses. These effects can last a year too early to tell. The real worry is the liquidity crisis, thats bitch that will keep on giving since US was already on track for recession. Even if US recovers the Next bump is going to be a bitch. I would worry about Deutsche bank though on your neck of the woods.

>they are printing unlimited money lads
they've been doing that for decades
do you guys really not understand that the dollar itself is debt, and the only thing that drives it is the promise of more debt?

I know that feel

Nice post user, hope you got it right

Add up the bills

yes of course but now they've removed any restrictions on fractional reserve lending. this is the real happening.

youtube.com/watch?v=X6E9zZ-TG9w

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>dow in id
>also pink

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"but wait, there's more"

I am economically totally ignorant. Now explain this to me.

From what I see, the stocks aka boomer line apparently functions based on Tweets by Trump e.g. Trump says something good, stocks rise, Trump says something stupid, stocks fall.

Obviously it's not reasonable, seeing how Fed literally printed 6 trillion money, which is what everyone always told me leads to hyperinflation, money being worthless, shtf etc.

Now what the fuck is going on? Who in their right mind bought the dip last week when it was obvious Corona is just starting in the USA and stocks are bound to lose shit again? As soon as news hit that NY is fucked, stocks fell. Then Feds printed QE, stocks rose biggest ever rise. Are you gonna tell me there is some boomer out there who thought that if Feds printed money and Trump said it's gonna save everything, that the situation is fine? Who thinks like this?

I might be totally retarded but I don't get it.

you have no idea how many sentiment analysing bots are hooked to trumps twitter feed.

Fucking go to sleep chink. You can get a new high score on your social credit rating tomorrow.

FAGGOT.

correct

Prepare for a 6th hour pump. You're warned. When Jerome says he's writing blank checks, believe him.

Fall! Fall to the pit of despair! Fall until you forget what the light once looked like.

100 average iq is extremely low

this

>much unemployment
How is that different from the 10s of millions doing useless jobs?

people gonna get to dust off their dow 10k hats again before this is over

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It's so fucked.
The covid bill essentially disolved the pretense of a Treasury, handed control of the money to Blackrock and the Treasury Sect., and printed a two trillion QE.

Jekyll Island 2.0 + Helicopter Ben x 5.
It's fucking over boys.

hehe pink man go AAAAAAAAA

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Brrrrrrr

It's green right now poorfag with delayed free data

BUY LOW BUY LOW BUY LOW BUY LOW BUY LOW BUY LOW BUY LOW BUY LOW BUY LOW BUY LOW BUY LOW BUY LOW BUY LOW BUY LOW BUY LOW BUY LOW BUY LOW BUY LOW BUY LOW BUY LOW BUY LOW BUY LOW BUY LOW BUY LOW BUY LOW BUY LOW BUY LOW BUY LOW BUY LOW BUY LOW

create the demand sell the solution, Trumps going to back into a fucking win again.

>stock market crash
youtube.com/watch?v=NRk4A9BaoIs

deflation is occurring now as well

Thank you based bears now I can finally into the stock market.

While it's inarguable that "busywork" types, i.e HR, """health & safety""" fags, Karen at reception etc. are net unproductive, they're evenly dispersed throughout the economy for minimal damage. Now, they, and millions of of other workers who actually were productive are right at the government's nipple where they're now everyone's problem. Worst part being the least productive ones are especially likely to become "our" problem.
Its bad fren.

Too bad I invested in gold mining and heavy equipment. I have nothing but a remote camp and raw gold.
I should have invested in Chink technology instead.

Nobody is trading with boomer rocks. It's never gonna happen.

>When corona wanes

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>when
Don't you mean if?