Next financial crisis 'has begun and will be worse than 2008 crash

Discussion in 'SMB' started by steve30000, Sep 14, 2018.

  1. steve30000

    steve30000 Striker

  2. robbied1

    robbied1 Winger

    Expect another war , in the next few years then, id even say that there are people out there planning another 9/11
     
    Stevie Freestein II and Jasper like this.
  3. The Resource

    The Resource Central Defender

    So she predicted the last one two years before it happened... What exactly did she predict?
     
    Stevie Freestein II and japs like this.
  4. Some Random Guy

    Some Random Guy Striker

    Of course it is. I'd argue we aren't over the last one.
     
    safcforever likes this.
  5. TZMouk

    TZMouk Midfield

    Anyone could have predicted this after the knackers voted for Brexit.
     
  6. monkeytassle

    monkeytassle Striker

    niceonemarra and oddjob like this.
  7. Rainhill

    Rainhill Full Back

    Ah the old financial crisis. Tried and chosen method of the elite to control mankind since money was invented.
     
  8. heroesof73

    heroesof73 Striker

    Bankers will still find a way to keep their bonus
     
  9. Some Random Guy

    Some Random Guy Striker

    A financial crash would have happened Brexit or not.

    Brexit just weakens our hand in coping with it.
     
  10. monkeytassle

    monkeytassle Striker

    It's nonsense. I work in an investment bank and the bank has so much capital its ridiculous. Inflammatory article written by someone close to a certain grey haired moron.
     
    Rainhill likes this.
  11. WhoAreYa73

    WhoAreYa73 Midfield

    Phillip Schofield?
     
  12. monkeytassle

    monkeytassle Striker

    Mark lawreson
     
  13. MonkeyLove

    MonkeyLove Striker

    She's spot on in saying our Global debt is unsustainable.
     
  14. WhoAreYa73

    WhoAreYa73 Midfield

    Bit harsh, canny bloke really.

    Jeff Stelling on the other hand.
     
    Stevie Freestein II likes this.
  15. monkeytassle

    monkeytassle Striker

    Why?
     
  16. Hulkster

    Hulkster Striker

    The last crisis was "solved" by printing and borrowing unimaginable amounts of money.

    The can was just kicked down to road, though a better analogy would be a snowball rolled down a hill.

    Recessions are an unpleasant but important part of the economic process, they bring about needed corrections.

    By trying to avert them by printing money, borrowing, bailouts and slashing interest rates, these corrections don't happen, zombie businesses are kept going sucking up and destroying capital, preventing new ones emerging.
     
  17. MonkeyLove

    MonkeyLove Striker

    You're asking me why consumer, corporate and sovereign debt is an issue?

    When consumers, companies and governments are struggling to even manage the compound interest yet alone ever be in a position to pay off the capital.

    The economy will never grow fast enough to clear our debt levels. And eventually we will inevitably hit a blip where people can't service even the interest.

    Debt payments as a percentage of earnings for people, businesses and countries have never been higher and they are increasing. Interest rates will rise. It's fucking obvious compound interest is going to be a major issue in The near future.
     
  18. monkeytassle

    monkeytassle Striker

    See Japan
     
  19. Gideon Gungeon

    Gideon Gungeon Striker

    death throes of the existing system imo mate, this is capitalisms endgame. why do you think they've been pulling up the drawbridges, sawing through ladders and scuttling lifeboats globally ffs
     
  20. Global economy....
     
    Buchans Boots likes this.

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