Will We Ever See Another Great Depression? (US)

Discussion in 'Sharemarket News & Market Analysis' started by Nodrog, 2nd Nov, 2019.

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  1. Nodrog

    Nodrog Well-Known Member

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    Will We Ever See Another Great Depression? - A Wealth of Common Sense
     
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  2. Snowball

    Snowball Well-Known Member

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    Down 97%... buy the dip? :D
     
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  3. Paul@PFI

    [email protected] Tax Accounting + SMSF Business Plus Member

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    World market mechanisms are different but a major external issue could be a unknown factor.

    There are some "calamity events" which are a theory that pose a higher risk. Just as before 1996 people only referred to Tsunami's in folklore and "long ago" we know know a major tsunami can destroy huge areas. There is a lot of long term random events that may not quite be so random. They may be probable on a time scale mankind doesnt recall. So its raises the question :
    - Meteor impact
    - Massive volcanic eruption
    - Massive earthquake and tsunami (California ?, Tokyo etc )
    - Power grids (solar flare etc)
    - Pandemic
    - A major terrorist incident eg nuclear or uprising on a world war 3 scale
    - A biohazard...I like to think zombies but the party poopers say its a TV thing.
    - Planetary event. eg a comet or black hole type event
     
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  4. Nodrog

    Nodrog Well-Known Member

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    Nothing like an uplifting post toward the end of the day. I was gonna refrain from drinking beer this afternoon but after reading the above post decided I better enjoy it while I can:D.
     
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  5. Ouga

    Ouga Well-Known Member

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    “Black hole type event” LOL
     
  6. euro73

    euro73 Well-Known Member Business Member

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  7. euro73

    euro73 Well-Known Member Business Member

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    Nostradamus !!!!!
     
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  8. Pier1

    Pier1 Well-Known Member

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    What is the need for everyone to use the word perspective this year?

    What is the size of the working population in USA.
     
  9. Zenith Chaos

    Zenith Chaos Well-Known Member

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    Will the market ever fall 97% again? Possible. Anything is possible. However, with all the stimulus and protection these days, if that happens, it has a good chance of continuing on to a complete implosion of the financial system. In that case, we'd all be in deep trouble.

    As @SatayKing Prawn said, a buying opportunity, but on the way back up......that's a knife you don't want to catch.
     
  10. datto

    datto Well-Known Member

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    What if there's a new virus that doesn't actually kill people but turns them into bogans. That will be a brave new world. Imagine Trump with a full mullet lol.
     
  11. MTR

    MTR Material Girl Premium Member

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    155M
     
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  12. zzzzz

    zzzzz Member

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    Governments the world over keep kicking the can further down the road (more bailouts, $ printing, spiraling debts). Sooner or later the great depression will be upon us.
     
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  13. kierank

    kierank Well-Known Member

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    I believe that number was pre-COVID.

    With COVID adding 40M+ to the unemployment queue, the working population is now around 110M (and falling by the day).
     
  14. Simon Hampel

    Simon Hampel Founder Staff Member

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    My wife is a Clinical Nurse Consultant with the NSW Health Counter Disaster Unit - she has done a lot of work on pandemic planning in recent years. All along I kept asked her about their zombie apocalypse plan and whether they had considered various responses - but she always insisted that there isn't a plan for that.

    One day I'm going to be out on the streets wearing a sandwich board saying "we tried to warn you" before I get my brains eaten by a flash mob of the living dead.

    Just remember folks: it all starts with the toilet paper. Be prepared.
     
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  15. Handyandy

    Handyandy Well-Known Member

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    Just because you requested it lol
     

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  16. MTR

    MTR Material Girl Premium Member

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    Why we went in shutdown is beyond me

    ...... its pretty clear who were the vulnerable group

    How deadly is the coronavirus?
     
  17. SatayKing

    SatayKing Well-Known Member

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    It is still all about ME!
    True.
     
  18. datto

    datto Well-Known Member

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    You could have posted it after lunch.

    lol
     
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  19. Pier1

    Pier1 Well-Known Member

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    Love you to bits @SatayKing but first have to acknowledge you aren’t usually known to respond with anything other than the 14lb sledgie
    This conversely is pure brilliance with the touch of a feather
     
    Last edited: 16th May, 2020