Aren't we living through one? I mean, unemployment is on the rise in most part of the world, food prices are unreachably high, inflation doesn't stop goin up, bills and groceries are eating up most of what we earn leaving no room for savings or an emergency fund, and on top of everything, Bitcoin is not as valuable as it should be, so basically, we are living through a crisis right now and it will probably take some more time to normalize and hopefully we can see that happening.
I don't know if you know this or not but there are places in the world where people don't have anything to eat nor do they have any money or job or anything. A normal world wouldn't make things that difficult for any human, so we are actually within a crisis, it's just that it's not that huge that is why we who are doing pretty well are not realizing it that much.
Topic: Was just watching the big short. Why do the times suddenly feel similar? - page 2. (Read 474 times)
September 16, 2023, 01:41:43 PM
September 15, 2023, 06:01:30 PM
We understand the way the economy situations could sometimes be terribly bad and work against our luck, yet we need to keep moving and remain focused because they may be as distractions against our aspiring future plan to make it back in life, such occurences shouldn't be what may detached us from pressing further in making our goals come through, alot of businesses and enterprise had in the past suffered lost due to many reasons beyond thy could bear and yet they never look down on the economy prospect the future presents for them, in this, it can be an attempt for a second chance to make recovery and such could be through our embrace on bitcoin in cryptocurrency.
The unbearable fact is that most people have already given up on the market . Property experts are already predicting that what is coming is going to be worse than 2008. But instead of talking about the gloom and doom that is coming, We should be preparing for it and see it as the moment to seize the opportunities that the market is going to present. To be well positioned for it, we nee to have a significant margin of safety when buying real estate and secondly, focus on properties in need of significant repairs or renovations, they are often overlooked by other buyers. Don't be downcast by what is coming, see it as an opportunity instead. September 15, 2023, 04:39:48 PM
Honestly people tend to easily forget bad/scary/uncertain times when it comes to the economy as well as the stock market. This is something I speak about with my customers all of the time as an FA. I'm constantly hearing "I hear the economy is going to crash", and I've been hearing this every since I got in finance back in the early 2000's.
It's rare where we don't have this sort of "economic unease", so honestly I see today and these times no different that 10 years ago or 10 years ago before that. Simply prepare for the worst, hope for the best.
Its a cycle and we are about to repeat that history so I agree, better to be more ready.It's rare where we don't have this sort of "economic unease", so honestly I see today and these times no different that 10 years ago or 10 years ago before that. Simply prepare for the worst, hope for the best.
There’s no safe market for this possible crash and for sure even crypto will feel it, but that’s ok you don’t need to panic and you just need to plan ahead, be more liquid and choose a safer investment like having a rental assets that can be your money machine, crypto market should not your only option when it comes to investing.
September 15, 2023, 04:21:21 PM
Because it is.
As of this moment many would think the reason for the collapse could once again be attributed to the housing bubble and the inflation it caused, but in my opinion the reason why the big short will happen is because of the overprinting of money in many countries after the economic collapse brought about by COVID-19. They wanted to jumpstart the economy so they printed more money than they know what to work with which eventually backfired when the whole economy picked its pace up.
Also heard the news that the very guy the movie "the big short" was based off of is already shorting the market once again. Talk about bad news for us, this guy's never been wrong remember.
As of this moment many would think the reason for the collapse could once again be attributed to the housing bubble and the inflation it caused, but in my opinion the reason why the big short will happen is because of the overprinting of money in many countries after the economic collapse brought about by COVID-19. They wanted to jumpstart the economy so they printed more money than they know what to work with which eventually backfired when the whole economy picked its pace up.
Also heard the news that the very guy the movie "the big short" was based off of is already shorting the market once again. Talk about bad news for us, this guy's never been wrong remember.
September 15, 2023, 04:07:52 PM
Honestly people tend to easily forget bad/scary/uncertain times when it comes to the economy as well as the stock market. This is something I speak about with my customers all of the time as an FA. I'm constantly hearing "I hear the economy is going to crash", and I've been hearing this every since I got in finance back in the early 2000's.
It's rare where we don't have this sort of "economic unease", so honestly I see today and these times no different that 10 years ago or 10 years ago before that. Simply prepare for the worst, hope for the best.
Its a cycle and we are about to repeat that history so I agree, better to be more ready.It's rare where we don't have this sort of "economic unease", so honestly I see today and these times no different that 10 years ago or 10 years ago before that. Simply prepare for the worst, hope for the best.
There’s no safe market for this possible crash and for sure even crypto will feel it, but that’s ok you don’t need to panic and you just need to plan ahead, be more liquid and choose a safer investment like having a rental assets that can be your money machine, crypto market should not your only option when it comes to investing.
September 15, 2023, 03:58:34 PM
Just watching that movie gave me such chills, my family and I lost our house we lost everything in 2008 when the housing market crashed. Honestly after living through it in the worst way you can see how I would be such an advocate for bitcoin. Many other folks didn't have to go though that, and so they don't quite understand. I couldn't hell but think how strangely similar the feeling back then how it almost feels like the same type of conditions for things to happen. I said it the other day whilst playing golf to my m8 that something big was brewing, I could just feel it. Could we be on the verge of some crazy market crashes like in 2008?
One thing that is true about most economic crises is that they are never the same as the ones that came before. They tend to appear out of the blue and in a new area that has not been properly monitored before. There is a possibility that China's property problems could be blowing up right now, but the causes will be quite different and their government structure will respond to it differently. If the big short should have taught you anything, it's that these vast amounts of money and instability were all relatively hidden behind closed doors and in financial instruments that the average person on the street never knew existed at the time. It doesn't even have to be a financial related crisis that will trigger the next recession, they can be formed by many different routes.
September 15, 2023, 03:43:14 PM
Just watching that movie gave me such chills, my family and I lost our house we lost everything in 2008 when the housing market crashed. Honestly after living through it in the worst way you can see how I would be such an advocate for bitcoin. Many other folks didn't have to go though that, and so they don't quite understand. I couldn't hell but think how strangely similar the feeling back then how it almost feels like the same type of conditions for things to happen. I said it the other day whilst playing golf to my m8 that something big was brewing, I could just feel it. Could we be on the verge of some crazy market crashes like in 2008?
I have seen the movie but I think it was meant to be much more dramatic than reality, as any good movie. Nobody really knows when or why the next crash is going to happen. Even though we know the banking system as well as fiat is so flawed it might happen at any time without much warning. And I doubt there will be a warning. Those responsible will try to sweep it under the rug, like in the movie. In the movie they highlighted a problem that nobody noticed or cared to do something about. Ultimately the crash was caused by incompetence, corruption and greed. Even the fact that they tried to screw over their investors by trying to get their money out first by dumping on unknowing investors in a "fire sale" highlighted the levels of greed and corruption that they were prepared to go to.
September 15, 2023, 03:38:57 PM
I can understand your concern because the pandemic that shook the world, that's the covid 19 period, taught us humans to learn to do alot of research. Some truths in the findings from history pointed to the fact that indeed the same kind of outbreak some time years back happened and the covid 19 was just a repetition of history.
In same vain, market crash which has happened in time past could repeat itself if proactive measures are not implemented right on time.
What plans do you have in case such as a crash hits?
Bitcoin has really eased alot of burden on the government to this effect and anyone who has the knowledge and can earn from crypto related investments now, is on the economic life boat of survival.
In same vain, market crash which has happened in time past could repeat itself if proactive measures are not implemented right on time.
What plans do you have in case such as a crash hits?
Bitcoin has really eased alot of burden on the government to this effect and anyone who has the knowledge and can earn from crypto related investments now, is on the economic life boat of survival.
September 15, 2023, 03:04:21 PM
Honestly people tend to easily forget bad/scary/uncertain times when it comes to the economy as well as the stock market. This is something I speak about with my customers all of the time as an FA. I'm constantly hearing "I hear the economy is going to crash", and I've been hearing this every since I got in finance back in the early 2000's.
It's rare where we don't have this sort of "economic unease", so honestly I see today and these times no different that 10 years ago or 10 years ago before that. Simply prepare for the worst, hope for the best.
It's rare where we don't have this sort of "economic unease", so honestly I see today and these times no different that 10 years ago or 10 years ago before that. Simply prepare for the worst, hope for the best.
September 15, 2023, 02:21:00 PM
I said it the other day whilst playing golf to my m8 that something big was brewing, I could just feel it. Could we be on the verge of some crazy market crashes like in 2008?
You know in the Big Short, Michael Burry not only just have a feeling or gut, he actually was reading the data about the mortgage balance sheet of 2003 and 2004, and he found it strange, that's how he correctly predicted the housing bubble burst in 2007. So, if you can elaborate more about your feeling, and maybe provide some data, then maybe we could have a real discussion here.
I wish I could say that I had this feeling due to looking through endless financial statements that I have deemed to be doomed to collapse, but that is not the case. All I can say is that when you have all these mortgages that are too hard for the average american to afford plus insane rates and inflation through the roof, the way the USA is going with the Biden administration is a complete train wreck and BRICs stacking countries brick by brick its like there is the crazy shit storm happening, I just feel like something has got to give one way or another, and soon, and in turn give rise to new heights for BTC and also there will be some new Global Reserve Currency. CBDCs are creeping up here, shoot man just so much is going on. Its honestly hard to keep track of everything, you blink and miss a ton of stuff. Literally. But anyway, what a great movie thought right?!
September 15, 2023, 02:15:21 PM
introspect again. how can you lose your house. If you are too crazy here to forget the assets that really need you. Of course, the risk is very big. But if you think back now, how much profit did you get from the Bitcoin you invested? I'm sure in 2018 bitcoin will be a lower price than now. at least it is 2x lower than the current market price. So do you sell at a loss or are you still holding it?
September 15, 2023, 02:00:42 PM
I think same thing happened when the corona virus hits us way back 2020. A lot of people have sold their properties in a very cheap price because their savings are already gone, they've lost their job because many companies have closed due to lack of customers or other things that's related to the effects of the pandemic.
The very lesson I've learned from the pandemic was to be prepared for anything, save as much as you can for your emergency fund, think of something that's going to give you money instead of spending it to things that doesn't generate money in the long run.
What signs did you all feel, and can you express those feelings and convey them to us? Instead of having to guess what you're feeling.The very lesson I've learned from the pandemic was to be prepared for anything, save as much as you can for your emergency fund, think of something that's going to give you money instead of spending it to things that doesn't generate money in the long run.
Indeed, Covid-19 had a significant impact on many people, including myself. I had to sell some of my belongings like my camera and a portion of my crypto assets just to make ends meet. It was a truly nerve-wracking time, with strict lockdowns in place, and even when at home, we had to follow health protocols. Layoffs were happening everywhere, and obtaining basic groceries became a challenge.
The economy was in disarray during that period, but the silver lining is that I managed to survive until now by leveraging the remnants of my possessions.
The lesson I took from the pandemic is that I need to diversify my savings even more. Relying solely on stocks isn't sufficient; there should be other assets like gold, crypto, bonds, forex, and so on. Having at least two different assets for savings purposes is what I'm preparing for in case of another sudden pandemic.
September 15, 2023, 01:25:26 PM
It’s different now because there is a housing shortage, we didn’t have this back then. Right now nobody is selling their house because they got a good interest rate locked in. Maybe those who bought in the last 2 years might be in trouble but most owners who owned for more than a decade will be fine.
In Canada it’s brutal however because mortgage rates need to be refinanced every 5 years and many are suffering every passing month. Will it collapse? Who knows. We got a massive housing shortage here.
In Canada it’s brutal however because mortgage rates need to be refinanced every 5 years and many are suffering every passing month. Will it collapse? Who knows. We got a massive housing shortage here.
wow no 15 year 20 year or 30 year mortgages sucks.
back in the day i had a 30 year at 7.875 in state of new jersey usa.
they have a rule you can pay it down quickly with no penalty. So my wife and I pushed hard and paid it in under eight years.
I see the same housing issues in USA that were happening in 2008.
Investors owning five and six homes rents are too high. younger families can not buy a home they rent and pay high rents.
September 15, 2023, 10:44:43 AM
Just watching that movie gave me such chills, my family and I lost our house we lost everything in 2008 when the housing market crashed. Honestly after living through it in the worst way you can see how I would be such an advocate for bitcoin. Many other folks didn't have to go though that, and so they don't quite understand. I couldn't hell but think how strangely similar the feeling back then how it almost feels like the same type of conditions for things to happen. I said it the other day whilst playing golf to my m8 that something big was brewing, I could just feel it. Could we be on the verge of some crazy market crashes like in 2008?
Your experience with the 2008 great depression should even teach you about how to diversify, whether there is a similar crash coming or not, should tighten your seat belt, in the sense that you think about an investment in Bitcoin, Gold, and real estate.
There is this play that the market makers normally use to flush out the last set of sellers, when the market approaches the bottom or wants to bottom out they create a panic sell event and verse versa.
Yes, I can't disregard the possibility of it happening but I don't see it happening in a severe case other than what happened mid-late 2022 which led to those bank runs after the Luna and FTX crises.
I don't feel another crash worse as what we saw in 2008 is around the corner and if there is such a rumor, I think it is to cause more panic sell in the market,
September 15, 2023, 09:47:41 AM
You know I think the fed's are attempting to crash real estate bigly much like 2008.
They will raise rates again hoping the real estate market crashes.
When you make a claim like this you should explain their motivation too.They will raise rates again hoping the real estate market crashes.
In this case from what we know, FED is not trying to crash anything. The economic hardship in general is the side effect of FED desperately trying to keep the Dollar strong as the world keeps dumping it by increasing the interest rates.
Quote
Next week new fed rates come. I have two good sources that swear to me the sept will come and stay paused . THEN in Nov we get raised 0.50 points which will crash real estate hard.
Unless your "good sources" are working in FED, they can't make such claims. Besides raising the rates more is not going to make any difference in keeping the inflation low so the chances of raising it is lower compared to the past which means even though such a raise is not impossible but nobody can "swear" on it. 
September 15, 2023, 09:28:15 AM
Market crash can happen anytime. We should always be prepared for it. I understand your situation and how much you suffered. Many of us are victims of such sufferings. So we should always be ready for ups and downs and to count when times are good. So that if there is any problem later, we can live a normal life with our accumulated capital. Even then always remember that invest that much amount as much as you effort to lose in every sectors.
September 14, 2023, 11:29:40 PM
I think same thing happened when the corona virus hits us way back 2020. A lot of people have sold their properties in a very cheap price because their savings are already gone, they've lost their job because many companies have closed due to lack of customers or other things that's related to the effects of the pandemic.
The very lesson I've learned from the pandemic was to be prepared for anything, save as much as you can for your emergency fund, think of something that's going to give you money instead of spending it to things that doesn't generate money in the long run.
The very lesson I've learned from the pandemic was to be prepared for anything, save as much as you can for your emergency fund, think of something that's going to give you money instead of spending it to things that doesn't generate money in the long run.
September 14, 2023, 11:12:47 PM
It’s different now because there is a housing shortage, we didn’t have this back then. Right now nobody is selling their house because they got a good interest rate locked in. Maybe those who bought in the last 2 years might be in trouble but most owners who owned for more than a decade will be fine.
In Canada it’s brutal however because mortgage rates need to be refinanced every 5 years and many are suffering every passing month. Will it collapse? Who knows. We got a massive housing shortage here.
In Canada it’s brutal however because mortgage rates need to be refinanced every 5 years and many are suffering every passing month. Will it collapse? Who knows. We got a massive housing shortage here.
September 14, 2023, 04:19:06 PM
The feelings you have do not have to coincide with reality, and in fact, most of the time they do not. From 2013 until now, every now and then I hear that we are going to have another crisis like 2008, and there hasn't been one, there have been small crises and then there was the exceptional case of the coronavirus that caused a crisis that we got out of quickly thanks to mass printing, but so far, nothing remotely similar to 2008.
Could it happen again? Yes, but this already sounds like the wolf's tale to me.
The only advice I can give you is to manage your finances well and accumulate bitcoin, then the crisis will affect you less or you can even take advantage of it. There were a lot of people who got rich in 2008 because they were able to buy cheap. That's what rich people do.
Could it happen again? Yes, but this already sounds like the wolf's tale to me.
The only advice I can give you is to manage your finances well and accumulate bitcoin, then the crisis will affect you less or you can even take advantage of it. There were a lot of people who got rich in 2008 because they were able to buy cheap. That's what rich people do.
The best advice ever (especially the second part)! You shouldn't be afraid, shouldn't panic, just buy Bitcoin and your future will be financially secure.
As to the crisis, governments and politicians are doing their best to make things worse. As a result, gold price is going up, Bitcoin to follow.
September 14, 2023, 04:07:31 PM
Just watching that movie gave me such chills, my family and I lost our house we lost everything in 2008 when the housing market crashed. Honestly after living through it in the worst way you can see how I would be such an advocate for bitcoin. Many other folks didn't have to go though that, and so they don't quite understand. I couldn't hell but think how strangely similar the feeling back then how it almost feels like the same type of conditions for things to happen. I said it the other day whilst playing golf to my m8 that something big was brewing, I could just feel it. Could we be on the verge of some crazy market crashes like in 2008?
You know I think the fed's are attempting to crash real estate bigly much like 2008.
They will raise rates again hoping the real estate market crashes.
I am not so sure it is as easy to do as it was in 2008.
Next week new fed rates come. I have two good sources that swear to me the sept will come and stay paused . THEN in Nov we get raised 0.50 points which will crash real estate hard.
Time will tell so be careful . Make sure you have some coin saved.
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