RE: 2020?
February 25, 2020 at 11:22 pm
(This post was last modified: February 25, 2020 at 11:23 pm by ignoramus.)
That's the problem with corrections. They're indistinguishable from a landslide.
When Ireland collapsed and their property prices were heading downhill, on the way down, they had 3 major corrections where they started to upswing slightly.
Everyone (at the time) thought this might be the end of the downswing, and rightly so, but it ultimately was short lived and they finally hit rock bottom with an 80% decline in property prices. 12 years later, a large portion of home owners are still in negative equity even today.
It just worries me how bad it's going to get if the world does go into a full blown recession without any feds to help. Not like they can cut 4-6% in interest rates (which is/was needed to kickstart a failing economy). Unless of course we want to go into deep negative. Something which has never happened before.
It scare me to find out yesterday that billions of people's super (in the US) are going into 30 year zero bonds. Fuck me!
When Ireland collapsed and their property prices were heading downhill, on the way down, they had 3 major corrections where they started to upswing slightly.
Everyone (at the time) thought this might be the end of the downswing, and rightly so, but it ultimately was short lived and they finally hit rock bottom with an 80% decline in property prices. 12 years later, a large portion of home owners are still in negative equity even today.
It just worries me how bad it's going to get if the world does go into a full blown recession without any feds to help. Not like they can cut 4-6% in interest rates (which is/was needed to kickstart a failing economy). Unless of course we want to go into deep negative. Something which has never happened before.
It scare me to find out yesterday that billions of people's super (in the US) are going into 30 year zero bonds. Fuck me!
No God, No fear.
Know God, Know fear.
Know God, Know fear.
