9 years since the last big economic crisis

What's gonna be next?

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Remember when Holla Forums was freaking the fuck out about the "Shemitah", and anytime the stock graph they were monitoring went down they went full "ITS HEBBENING, DOOMSDAY". I miss those days…

The crisis is still happening.

The Chinese bubble popping; the housing markets in several countries (especially Anglo ones) crashing; a majority of the US's graduates defaulting on their student loans; massive defaults on car payments and a brutal shrinking of the automobile industry… Any of those, all of those, one causing the next. Pick your poison.

Crises are normal and even expected under capitalism, but the next one is going to be YUUUUUGE. I'd like to say it will bring down the system but it has been very resilient, stopping at nothing to survive. Fascism and world wars are good for business.

Before 2020.

I wonder what Steve Keen's model of Minsky's thing had. (Basically, he had a little mathematical model of how the economy interacts with the financial sector, and it basically went up and down as you'd expect, but once you add in banking etc it goes fucking crazy, so you get a 1970s sort of crisis, and then a stabilisation period and "great moderation", and then it goes into a full blown depression in 2008 style… but now something else has to be coming, we're due another recession.)

There's apparently a good chance the buy-to-let mortgage market in the UK is going to explode, and Keen himself says the Australian housing market is going to go this year. That many of the structural causes of 2008 (not the least to say personal debt) haven't been resolved seems like it would make it inevitable.

On top of this, a lot of people in the UK have unsecured interest only mortgages due in the mid-2000s.
bang


Also this, of course.


Isn't the only way a US student can default on a student loan to die? I thought they were ruthless about that sort of thing.

The tax payers money will bail out capitalism again…or according to some retarded people…socialism will bail out capitalism

Business as usual

Defaulting on a debt means not paying it back on schedule and people in the US do it with student loans too. But you are right, these loans only get forgiven when the borrower dies.

As long as the political system allows it, but that is slowly changing. Bailing out the banks now would get the populists railing against it automatically elected by now.

This year or the next, according to the most rudimentary pattern analysis.

Its coming. The markets have been shaky for a while, its gotten to the stage where they are dipping and diving at every headline, China gotta go sometime and the oil market is just a complete shambles. Throw into the fact that most of the west has been vigorously slashing spending in all areas means the growth that is suppose to negate all that has not been there.

Imagine 2007 happened but without the bubble before it.

That's what its going to be like, its going to grind to a halt rather than collapse

Never ended.

I feel like this has been said since at least 2012

Good thing our president wasn't a bourgie during that time

This.

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Wages have stagnated, debt has increased. People either don't want to buy more junk, or they don't have the purchasing power for it in the first place.
The stock market has become increasingly detached from the physical economy. And any investment in automation just kills off more potential consumers, causing the bottom to fall out.

Its a catch-22: If you invest, you destroy jobs and remove consumers from the market. Any further earnings can only be used to exacerbate the problem. If you don't the whole thing stagnates, as people will stop being able to pay their debts.
Expect the thing to just grind to halt before 2020. Follow by an accelerated collapse.

You can keep postponing it by just printing money, inflating smaller bubbles, modifying statistics (part-time employment counting the same as full-time) and pretending every is fine.
But even that has it's limits. We're hitting the limits of productivity, which means investing in automation. And doing that is a death-spell for the modern consumer economy.

Obama administration prolonged the "stability" but the major contradictions of the last recession remain unchallenged.

I can see a lot of piss off voters kicking those politicians in the next election, it would be political suicide.

There is also a possible "bail-in", desperate banks taking money from their depositors if desperate enough

The crisis in the retail sector is going to cause shock waves, overall GDP growth already is weak and the meltdown in the retail sector is going to put downward pressure on it.

This global market crash has been brewing for years now, but you will see how 90% of the media and the elite will blame Trump.
Just sit and watch.

Fucking hyenas.

He is a part of the bourgeoisie so he is partly to blame.

Kind of wish I wasn't in a self destructive mode financially this year. 'Cuz we are overdue for another stock market fiasco. Whatever, I can just become a NEET again. Adult life in America is TOTALLY overrated.

im gonna be pissed if my benefactor's investments get tanked

They'll blame Trump correctly 'cuz you can offset the real economic effects of any stock market crash with sufficiently large deficit spending. But the Freedom Caucus and Trump's cabinet are full of libertarians, so we are going to blood let the economy again.

Although tbh the same or worse thing would have happened under Clinton, they would try a budget surplus under a crisis or some dumb shit like that.

Funny thing is most Nazis understand the need for huge budget deficits, I hope you are one of them.

My parents are pretty well off. Even if there's a crazy huge flash depression and half the S&P value is wiped off in a week, they'll still have a couple hundred thousand dollars.

My parent's are opposed to inheritance, so might as well benefit from them when I can (while they are living).

my man makes good money and his family has a ton of money but i can't get the fucker to put a ring on it to get a piece of his inheritance

maybe ill pressure him into doing it soon

Why not just literally become a sugar baby?
seekingarrangement.com/

Should spare the dating scene from you.

i already am, i just don't know if he'll keep paying for me forever and my looks are only gonna last another decade

Looks can last until 40, I think you'll be fine as long as you are genuinely ok with the commodification of yourself. A huge percentage of the country are millionaires, you can just move onto another sugar daddy.

i cant because i love him lol

i know thats my stupid heart talking but he was the only john who cared if i had a safe place to stay and didn't fear the stigma of dating a hooker

ah well ok, good luck

That reminds me, I should follow up with that Cambodian hooker who said she loved me. (no joke)

Hooker anfem?

no someone else

The low-medium tier hookers I meet are generally either Ron Paul libertarians, liberals, or radical leftists for what that is worth

There's also a huge effort on the left to get more sex workers into leftist groups.

(Feels kinda weird hearing me say that out loud, maybe leftist men are more sex starved then I thought)

Yeah, the few I've known fit that.

actually I've never met a radical leftist hooker in person, only liberals and libertarians, but they exist in leftist forums

I'm waiting for hollywood to burst, movies are becoming more expensive and riskier to profit from

The barrier to that is that people are desperate for entertainment and the slowly expanding control over media is going to strangle the alternatives. Net neutrality dying is going to buttrape platforms like youtube because you'll absolutely need a premium package for those.

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Pic related. The really scary part is that if you show this to a fucking boomer, they think it's a great idea because they barely use the internet.

A dominatrix I met was an unironic Maoist. I might have met more, but escorts don't typically announce themselves for obvious reasons.


The ones here are. But I'd say that it's more about expansion than trying to get pussy.

That's not really true. Studios shuffle papers around so it looks like they barely make any money, in order to pay less taxes.

They do it every March 15 because of the ides of march.

I've never met a hooker irl - how would one go about finding them

backpage. lol

Alright - sounds like a fun way to get fucks & maybe meet some leftist girls lol thx comrade

considering how many leftist groups in the past have been so firmly against prostitutes I'd say that's a good thing.

I love how this ended up with getting hookers. (tbh they are really cheaper than dating)

It's expensive and you're more likely to fuck lolberts and liberals.


I fucked two girls last week and spent like $10. It's easy and cheap to get laid using Tinder or Hinge.

No, crises seem to happen every 9-10 years, just the magnitude varies. Since 2008 there is no resilience in the economy, although capitalism itself is stronger than ever. Adversity breeds strength etc.

underrated post
this thread was turning to pure shit

Are hookers cheaper than dating?

If you can land a long term girlfriend who you actually enjoy fucking, and who doesn't burn out on you after the first few weeks, then hookers are WAAYY more expensive than girlfriends.

On the other hand, if you are going through a dry spell and you aren't completely revolting you can find a hooker that'll basically act like a girlfriend without requesting a "girlfriend experience". Only you don't get to see her much.

i mean it depends on if your gf has a job or not

if not then you're gonna be paying way more than a hooker

*fastens seatbelt*

this is really only true in some countries. Escorts charge like $200-$1000 in the US. In some European countries it's like $50 a fuck, in which case, yea totally cheaper than a girlfriend.

Rad Leftist girls are fun if you love fucking ragdolls or other inanimate objects. In my experience, rad left girls are so submissive they basically want to be objectified to hell to bed.

Get yourself a politically neutral girl.

I love how when we discuss economic turmoil, our minds go to: "and now how in the world are we going to get pussy or a girlfriend in a recession"

We've been in a recession for the last 10 years basically. Dating in the Obama era has been a nightmare. Total nightmare.

In Greece these days you can get a suck and fuck for the price of a Happy Meal.

i cant blame young men for thinking with their dicks

That's so crazy to think about.

Hopefully Great depression 2.0

That's so crazy considering almost girls from almost any other country are objectively better at dating and sex

Yeah, it makes me feel like I'm getting ripped off every time I buy a McDonalds.

Probably not. While I'm sure you can probably get cheap pussy from a corner walker, a decent escort will run you at least $200 an hour. So at least $400 a week to match a gf who'd fuck you biweekly, and a lot of times gfs will fuck you way more than that. Dating can be expensive, but unless you're upper class nowhere near what it would cost to fuck an escort regularly.

And to go a step further, shit is even cheaper with hookup apps for us lower class proles. You can use tinder and meet a girl who will fuck you that night and maybe spend $20 on some food or beer or weed. Just get fit and keep decent hygeine and you'll have success, robots are full of shit when they cry about chads.


It's because it's illegal. I'd expect the price to drop with legalization and with more college girls doing it as jobs dry up.

You are

In decent shape, good hygiene, get about 3 Tinder matches a week, no dates, had the app for 6 months

Study says 80% of the guys are competing for the bottom 20% of women.

you have to let off subtle signals of wealth because a shit load of women are basically just waiting for prince daddy to come and feed them and fuck them. regardless of right or wrong this is basically the end goal of a lot of women's dating careers

I realized that works somewhat after moving on from Tinder and onto Okcupid, just littered my profile with subtle "hey, I can support you this way and that"

But, I just can't provide for anyone right now. I'm too fucked up from drug withdrawal. Maybe if a woman paid attention to me 2 years ago, she would have been provided for to the moon and back.

Just lie, you don't want to marry any of these people anyway.

yeah i feel you. i wish it wasn't so gross and exploitative on either end but thems the breaks of the hell world we live in

you can't lie once you bring her home and she sees you live in the ghetto and you got a busted ride

You have anything that's not redpill to back that up? I've got friends who are 6/10 and they manage to fuck qts.

Prices would rise due to the fees associated with regulation (STD testing etc), plus college girls would be the most in demand ('cuz society is weird), so they'd be the most expensive.

And if Hillary were pres, right wing media wouldn't blame her?

anti-accelerationists BTFO

there won't be another bad one for a while and it won't be relatively much worse than the last, though definitely much larger in scale it won't necessarily be a depression or crash, just a longer recession with bigger socio-political consequences.

How can one make bank on a recession? I'm sure there are certain markets that people shift to for reliability.

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Feels bad man.

that's actually really sweet user.

Fuck off.

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