Even so, better to be safe than sorry.
Next Recession to Destroy Millennials
- Thread starter SNG
- Start date
Even so, better to be safe than sorry.
If it reaches that point it’s over. What will growing a plant in a pot matter at that point?
The Devil's Advocate
Call me Dad
Good. Knock those housing prices down so I can get my mini mansion for the lowThe Next Recession Will Destroy Millennials
Like we weren't destroyed already
Expect more mass shootings to happen.
ShenJingPoQi
All Star
The system is dead and has been dead for a long time. Humanity and people worldwide need a new economic and financial model, we need to start all over again.
TELL ME YA CHEESIN FAM?
I walk around a little edgy already
U can't even afford NetflixMy career field is HVAC and Automation
I'm straight
Gtfoh
Piff Perkins
Veteran
This article is bullshyt and basically boils down to "the Great Recession was terrible and look at all these things that happened immediately afterwards." There are no indications that the upcoming recession will wipe anyone out or be as bad as the Great Recession. The people eating off these types of stories never tell you that the US economy has a recession every ten years. It's an expected event. The issue is that the last one was LITERALLY the worst economic downturn since the Great Depression.
We don't see the indicators to suggest this is going to be nearly that bad. More than likely we are going to experience something most millennials don't remember...a normal ass recession. Similar to the downturn that greeted W Bush shortly after he became president (before 911).
It won't be pretty, jobs will be lost, GDP growth will stagnate...but it won't be the end of the world. Millenials love consuming existential crisis/threat stories (see: global warming) and loathing over them but...this ain't that.
We don't see the indicators to suggest this is going to be nearly that bad. More than likely we are going to experience something most millennials don't remember...a normal ass recession. Similar to the downturn that greeted W Bush shortly after he became president (before 911).
It won't be pretty, jobs will be lost, GDP growth will stagnate...but it won't be the end of the world. Millenials love consuming existential crisis/threat stories (see: global warming) and loathing over them but...this ain't that.
Voice of Reason
Veteran
Coli economists 
Can you share?The next one will be bigger than the 07-09 recession by far. Although I am planning to invest heavily in the stock market when it does hit. I have my game plan mapped out
Like put options, right?
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We are still in the "last downturn".
Too much fear mongering going on here but it's best not to take people here who want to see a societal collapse seriously
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Coli economists
Which ones?
Tug life
I stay fly like a guillemot
People who have little understanding of the matter think we are fear mongering or it's some kind of conspiracy.
Back then AIG insured an insane amount of credit default swaps to banks all over the world for risky mortgages, banks insured potential losses to move risk off their books, meaning if mortgages default AIG had to pay . When mortgage back securities tanked AIG had to pay off all the swaps at the same time they couldn't and they almost went under, and every single bank that was in bed with them (which was almost all of them) books massive losses on the same day and they all would have went under too. Until the federal government stepped in.
Anybody who understands how a bank operates, knows that the bank is constantly investing and lending money out. And when all that money is lost and every one wants to pull out money at the same time that's when you have a major problem and that's how close we were to not being able to withdraw money from our banks.
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Tug life
I stay fly like a guillemot
Put options and short selling are the best ways to make money in a bear market. You will literally make money from the price dropping although my approach is a little different. I want to see fortune 500 companies go on sale meaning they are way below their value I'm talking about Amazon,Visa,Wal-Mart,Disney,Facebook,Microsoft,Square and many more. I'll buy them at extremely discounted prices and ride the wave back up.Can you share?
Like put options, right?
HarlemHottie
Uptown Thoroughbred
Eating off this rn.
Don't think I've seen you post before, but you been on point itt.
Edit: oh shyt, you repping Harlem too?! Aye! Money making Manhattan in this bytch.
