Hey Seoulbro, How long do you think this latest finacial crisis will last?

[Anonymous]

This video includes a 1962 Interview with a young Warren Buffet & hints on how to time a Stock Market Crash:

[Anonymous]

....so in case y'all sceptics have been wonderin'...



It IS possible to lose your SHIRT or LIFE'S SAVINGS in the stock market at A MOMENT'S MOTICE without even trying.

I'll tell you the Coles Notes version of what lead up to the '29 crash, which is often absent from most examinations of that...



Let's say the bank will lend ANYONE money @ 5%.  Now let's say the stock market paid out 10%, to anyone.



You can see what was being created here, in this scenario.



Farmers, you name it, were getting 5% loans easily, simply to reinvest that in shares that paid 10%.  It was FREE MONEY, to everyone, and times were great.



The roaring 1920's was a great era, actually.  It is what kept Germany from retaliating for the bullshit Treaty of Versailles for a decade, actually!



I digress...



It was all built up upon nothing.  When the Farmers and Labourers and the everyman was called to pay back their loans, they couldn't.  The market dumped.  Their assets were worth 1/2 of what they just were, but they still owed the full amount of their loan back to the bank.



And it devastated the World for 10 years.  Making money out of nothing is never a good idea.



My own personal opinion?  Avoid debt.  Nothing wrong with investing, as it's generally a sound model, but avoid being indebted if doing so.

[Frood]

Global depression with internal and external unrest... possibly culminating in regional or world wars...



...that's the indication... but who knows...

[Anonymous]

Global depression with internal and external unrest... possibly culminating in regional or world wars...



...that's the indication... but who knows...

I don't think that will happen now though...  The Treaty of Versailles would've been unfair to any Nation, then and even now, and we all know the outcome of that!  Such a thing will probably never be replicated again...



I see localized unrest possible though, and the possibility of social unrest, especially if you live around non-Whites.



That said, in a few short months, China will be back to producing 90% of what we buy, just like now!  

[Anonymous]

The real problem is that we want, and like, to buy extension cords for $0.99...



We want cheap food and labour also.  Temporary foreign workers do this here, there, and everywhere.  They get paid minimum wage, and don't complain.

[Anonymous]

Anyways you're lucky you sold your condo when you did, Mel.



Because I'm under the impression real estate aint sellin much these days in Vancouver or elsewhere.



There'll probably be tons of unsold homes & condos in the next 6 mos.



The ones who bought 6 mos ago purchased in a fools market.

The one problem lately now, is condo and townhouse insurance.  When I first bought my unit, the buildinfgs deductible was $5,000.  After a few years, it was something like a $75,000 deductible, which the unit owner would get secondary insurance on.



It's strange to me that I can insure a house for the same or even less than a condo costs to insure now...

Givn the infirmation you've imparted, there will undoubtably be a huge glut of unsold condos coming onto the GVRD real estate market.  A coming recession, scared investors not spending + exhorbitant insurance costs will make it more expensive to own than they are worth. So either there will be a ton of condos for sale or else the owners will rent them out. The latter means a possible surplus of rentals, fewer renters without jobs & declining rental prices.



A Buyers Market. Possibly for renters too.



But nothing other than government subsidized housing will get built.

[Anonymous]

Global depression with internal and external unrest... possibly culminating in regional or world wars...



...that's the indication... but who knows...

I don't think that will happen now though...  The Treaty of Versailles would've been unfair to any Nation, then and even now, and we all know the outcome of that!  Such a thing will probably never be replicated again...



I see localized unrest possible though, and the possibility of social unrest, especially if you live around non-Whites.



That said, in a few short months, China will be back to producing 90% of what we buy, just like now!  

But China has replaced Russia or Iran as the Top Pariah Nation.



They may continue to churn out cheap goods but they've lost whatever prestige & status they'd dreamed of.



No more international events hosted there for a while.



I wouldn't be surprised if the Winter Olympiad scheduled there gets cancelled or is boycotted due to health concerns, a shiity world economy & festering outrage from the rest of the world.



The coronoavirus crisis revealed China for what it is. A diseased authoritarian shithole unlivable for its own citizens.

[Frood]

Global depression with internal and external unrest... possibly culminating in regional or world wars...



...that's the indication... but who knows...

I don't think that will happen now though...  The Treaty of Versailles would've been unfair to any Nation, then and even now, and we all know the outcome of that!  Such a thing will probably never be replicated again...



I see localized unrest possible though, and the possibility of social unrest, especially if you live around non-Whites.



That said, in a few short months, China will be back to producing 90% of what we buy, just like now!  

The treaty of Versailles wasn't great for one region....

[Anonymous]

The treaty of Versailles wasn't great for one region....

It certainly wasn't at all!