Curb Zone - View Single Post - Are we heading for a global economic collapse?

450SEL6.9 · 04-18-2008, 12:21 PM

I'm sort of reviving this thread for another few days. It has always surprised me that there is not more interest in economic and finance issues on GCZ and CZ. Is everyone so rich that they can afford exotic cars even if the stock market tanks?

Looking at the stock market today gives me the jitters. The markets are a scant 10-12% from their all-time highs. Experts keep predicting this credit crisis is over and the recession is over before it has started. One analyst even said that recessions and bear markets are a thing of the past because economic theory and intervention are so advanced that nothing severely bad can happen again!

For all those invested in the market today, are you worried about a sudden, massive crash could seriously ruin your day?

I think the sharp recovery from March 17 to now is really concerning. The sheer number of people telling us the problems are over is even more alarming. It seems to be the stock market is trying to dig itself out of hole by digging down. Eventually it'll make itself a deeper crater. Personally, I think the odds of a 1929, 1987-style bloodbath on Wall Street has increased in the past month.

04-18-2008, 12:21 PM	#23 (permalink)
450SEL6.9 Inactive Account Join Date: Oct 2005 Posts: 825 My Mood: Thanks: 57 Thanked 60 Times in 54 Posts	Re: Are we heading for a global economic collapse? I'm sort of reviving this thread for another few days. It has always surprised me that there is not more interest in economic and finance issues on GCZ and CZ. Is everyone so rich that they can afford exotic cars even if the stock market tanks? Looking at the stock market today gives me the jitters. The markets are a scant 10-12% from their all-time highs. Experts keep predicting this credit crisis is over and the recession is over before it has started. One analyst even said that recessions and bear markets are a thing of the past because economic theory and intervention are so advanced that nothing severely bad can happen again! For all those invested in the market today, are you worried about a sudden, massive crash could seriously ruin your day? I think the sharp recovery from March 17 to now is really concerning. The sheer number of people telling us the problems are over is even more alarming. It seems to be the stock market is trying to dig itself out of hole by digging down. Eventually it'll make itself a deeper crater. Personally, I think the odds of a 1929, 1987-style bloodbath on Wall Street has increased in the past month. Last edited by 450SEL6.9; 04-18-2008 at 04:53 PM.