Everything I see anticipates an economic crash in the near future

Poor Fannie May. She’s not going to be able to be used like a whore and thrown away in the trash again

These bankers were tired of letting Silicon Valley and big Pharma be more evil, they are coming back with a vengeance.

I just refinanced my mortgage. I expect the banks to stop lending soon. There’s too much uncertainty and people are losing their jobs.

Well, it's evident. In L.A. County, only 45 percent have jobs right now. Unemployment in Hawaii is 37 percent. In Florida, 1.5 million have applied for unemployment, but only 41k have been approved. By June, the evictions will begin and homelessness will soar.

Big ticket items such as cars and real estate will crash people without jobs won't be buying them.

Cassie, if people listened to your advice they would have missed out on the market bounce from 18k to 24k. You blew that call. Ultimately your advice will become self fulfilling, not because you are smart but because you've been saying it for so long that eventually it will come to be.

Given most people didn’t have $400 for an emergency, how are they surviving? I’m assuming credit card debt is ballooning. How are these people going to come back from 2 months without getting paid? No more IPhones or expensive eating out I would assume.

R5, we’ve been through this at least twice before. I can’t explain it in more simple terms than I have before, so I give up. You are uneducable.

A cute graph of oil prices.

R5 is right, though. If I had followed your advice in 2018, I'd be down about 10 percent from where I am today.

As for preparing for the next crash, I'm going to do what I did in 2000, and 200, and 2018, and now, and that's ... nothing. I have a plan, it's working, and I see no reason to change it.

Typo: "2000, and [bold]2008[/bold], and 2018, and now."

I have been prudently preparing since the crash of 2008. I have lots of savings invested in liquid assets. When the market tanks, I'll buy on the dip and make out like a bandit when the inevitable stock market recovery occurs. I encourage everyone else to panic-sell their investments.

Thank God gran passed and left me with oodles.

This was settled in r70 in the linked thread, where I wrote exactly what I did. My sales since 2018 average considerably above the current market index values, and I sold most of my remaining equity investments about Feb 25 of this year, right before the collapse. I wrote about it in real time, and the collapse followed exactly as I called it, to the very day, as did the dead cat bounce, to the very day. How right do you expect a person to be?

I can’t recall how many times I’ve written that I’m not giving advice, I’m just writing what I’ve done, and I have considerably more money than I did in 2018. If you made a mess of it, R5, r9, I don’t know how.

Now, please complain about the past on the linked thread. This thread is for the future. Thank you.

whoop dat ass, cassandra!

[quote]This was settled

No, it really wasn't, mostly because your predictions in your earlier threads in 2018 proved to be incorrect. Your "variance" demonstrates that you are a rather poor excuse for a prognosticator, particularly when you sold when you didn't need to, mistiming the market completely.

I repeat: if I had followed your advice, I'd be poorer than I am today.

It's interesting seeing you try to pretend that your predictions were incredibly accurate when we have the threads here at DL that prove otherwise. You didn't call a damn thing "to the very day," which is why you cannot demonstrate that you did. You are trying to rewrite history to pretend financial knowledge that you clearly lack.

I didn't "make a mess of it" for the simple reason that I didn't follow your advice.

R15, are you Poindexter? I’ve asked you before, nicely, to sign your name so I know to whom I am conversing, so how about it?

Incidentally, you are factually incorrect in R5 when you reference the run-up “from 18k to 24k” as relevant. I started selling, [italic] “in small tranches”, [/italic] in 2018, when the when the Dow was 24k, not 18k. It’s 23k today, I’m sure you‘ s noticed.

In any event, I explained this in detail before and I’m not going to explain this to you for a third time. See the other thread and comment there if you want to.

Cassandra... you don't know shit, gurl!

[quote] R16: It's interesting seeing you try to pretend that your predictions were incredibly accurate when we have the threads here at DL..

[quote] Here’s exactly what I wrote in October of 2018: [italic] [bold] “I’ve been selling piecemeal all year, in anticipation of a worse shake-up, but there really is no knowing. I think we have further down to go, before the end of next year (2019).” [/bold] [/italic]

First, my persona and predictions are just for fun, as it should be, so don’t get too wound-up about this.

But even I am amazed at how accurate my 2018 prediction was. Instead of coming true 14 months later, it came true 16 months later. That’s actually pretty good, especially after saying “there’s no knowing”.

What I did for myself is, I sold about half of my aggressive equity investments, slowly and in small tranches, in 2018 and 2019.

I’m not going to look for it myself now, but I wrote something in February 2020, like “if the market bounces back the next day, it’s normal volatility. If it drops a few percentages, it’s the beginning of a correction.” The next day, the market fell a few percentages, and I called a correction. I sold the second half of my aggressive equity investments, so I got completely out before the market really crashed. I then predicted a dead cat bounce for the following market day, which is exactly what happened next.

Now, I’m sticking my neck out, [italic] again, [/italic] and standing by my earlier prediction that the market hasn’t found a bottom yet.

Incidentally, somebody created the thread at the link precisely because they did, what I did, and sold before the crash.

R18, you’re right. No one does.

Oops, I meant to sign R20 as Georg Wilhelm Hegel.

Of course Cassie wants people to complain in another thread. She doesn't want people to realize how bad her calls have been. Keep starting new threads, Cassie, we'll be here to remind everyone that your crystal ball is cracked.

[quote]First, my persona and predictions are just for fun, as it should be, so don’t get too wound-up about this.

You need to make this way more clear. You have people looking to you for advice in other threads. People are desperate and these are desperate times for some, so please stop holding yourself out as a guru. People are taking you seriously.

R22, I think you’re Poindexter, aren’t you? The guy who kept writing “Buy, Buy, Buy!” as the market collapsed in February, when I was writing that I was selling. Don’t be such a sore loser. You were wrong, repeatedly, and I was right.

No, not Poindexter. Another person calling you out.

DJ will be at 10K by Easter Sunday.

—Cassandra

R23, if you look at the thread I linked to, a few times already, 🙄, you will see that I have repeatedly written that this was just for fun, plus all the caveats you might expect about my being an inexpert investor, past performance is no indicator of future performance, and people should get a human investment advisor and read some good books on investing.

Nonetheless, I do write about what investments and investment changes I have made, and why I’ve done so, which includes my expectations for the market and economy. I am quite serious about what I write. I’m not making predictions that I don’t believe in, and after all the disclaimers, if people want to believe I can foretell the future, well, that’s fine by me.

You do know who Cassandra was, don’t you?

Yes, I do know the mythology.

Poindexter, you are a buzzkill. And I still think you were the guy encouraging others to BUY BUY BUY as the market collapsed. It wasn’t enough for you to be wrong then, you have to keep being wrong here and now.

I started this thread because I wanted to read what others thought about the economy over the coming months, but you just had to wreck it. Congratulations.

R29 I'm sorry hon. There are a lot of joyless cunts ruining threads lately by taking everything everyone says so damn literally.

Again, not Poindexter.

I'm slowly stocking up on foods that don't perish quickly (canned stuff mostly, some frozen things, dry goods).

I'm in a mostly good place (no mortgage, no rent, no car payment, no debt).

Unless inflation takes off at an insane rate, I have savings that will last me a year or two should I lose my job, but my job is also rather well insulated from downturns (nobody lost their job in the crash of 2008, though we weren't hiring for almost two years).

Fingers crossed I'll be okay. I'm not sure what else I should do to "prepare". I also know I have shit luck at gambling and in the stock market, so I won't be trying to buy anything "on the dip". I'm also old enough (ten years away from retirement age) that if things get really bad, I don't much care if I have to end up offing myself.

I'm sitting pretty in my sec 8 apartment, with full SNAP benefits, considering which air purifier(s) to purchase when my next $600 unemployment bonus from the feds hits my bank.

Thanks, R30.

R32, you don’t seem like you’ll be unprepared if things get really bad.

Remember to get a short haircut, and match your chip purchases with your dip purchases. Have you “gotten your affairs in order?”

I bought bear spray, in case Poindexter comes to visit. I tested the spray in the sink today, and it’s pretty powerful.

Gold has been going up.

If someone breaks in, I’m going to throw my bullion at them.

How can anyone not agree with the OP's OP? My other thinks the down turn will be over in 2 - 3 months. I don't see that happening until we have A vaccine the virus mutates to something less harmful.

I want to buy a new car. I’ll probably buy a pre-owned certified car. That’s what I did the last time and it’s worked well. I’ve had that car for 13 years. I’m in a city with no “car-culture”, unlike SoCal, for example, so I don’t need to splurge on it. Anyway, I guess now I will wait a bit to see if car dealers get a little desperate and prices soften.

This is an expensive time for me. I need to replace my bed next. Then, my TV is working fine, but it’s 10 years old, so I imagine that it will crap out anytime in the near future. It’s a 2010 model, before prices of TVs dropped considerably. I understand that they are cheap these days. Last year, I replaced my computer, phone and iPad, and living room furniture, so that was expensive. I’m replacing my printer now, but they’ve become cheap.

I'm investing in a wall safe and taking my money out of the bank.

I have about two years of bills saved up. Not touching any of my investments - I'll blow a Hasidic octogenarian for money before I go into any of that stuff.

Rent is cheap--and I split it with my partner. Smartest thing we ever did was move from our hip neighborhood in Greenpoint BK, way out towards Midwood to a much cheaper apartment.

Healthcare is covered via partner's union. So I think we're good. However, he is in the Dept of Ed in NYC. They are all being warned of major cuts to city workers. Kind of on edge about that.

Also, I don't think we have even begun to see the economic fallout of this virus. And it's going to be even worse than they are predicting. I don't know how NYC is going to recoup all of that lost revenue from people moving because they lost their job, and the hit to tourism. I think what will really fuck us all is the 2nd wave in winter of 2021. All of these braindead states relaxing social distancing. This thing will come back with a fury and has the potential to decimate all order and societal structure.

Shit's gonna get UGLY.

It is already ugly, I can't figure out what is driving the market up.

[QUOTE]It is already ugly, I can't figure out what is driving the market up.

^THIS^ All the forecasts are awful and yet the markets are doing fine.WTF?

I think a Range Rover will be affordable to me now.

Yeah, we certainly can't understand what could be driving the market up

[quote]They did the same thing in 2008, btw

WRONG. It was driven by the housing crisis. And that was largely because of cheap loans. You could get a quarter of a million dollars on your signature for a mortgage.

[quote]It is already ugly, I can't figure out what is driving the market up.

Trumps wealthy minions dumping money into the market.

The market is completely disconnected from everyday life.

R47, I wasn’t clear. What I meant was that the banks had a lot of investment in mortgage backed securities. The stock market and other markets did not adjust (fall) as the should have when the problem became widely known within the industry. The banks used that time to unload the mortgage backed securities that they could. It borders on fraud, IMHO.

To compare banks in 2008 to banks today just highlights how much Cassie doesn't understand the market.

wealthy parents who are Republicans, as long as we don't talk politics, I have no problem at all with them. They are very generous, they offer before I need to ask.

I have been bullish on the stock market for a long time. Obama’s Quantitative Easing was an easy call. I made 53% over a two year period around that time.. When Trump was elected, I thought the market would collapse for a short minute, but changed my mind when the market took off. The market loves the Republican agenda. Not the Trump agenda, I think it’s all Mitch’s ideas. And not that it’s good long term for the country; or good for most humans, but it’s good for businesses.

One of my concerns is that the Republican economic plan is great for businesses in the short term, but will be hell to pay in the long term. This isn’t necessarily related to the Coronacrash. I think things would have fallen apart after Trump leaves office anyway. We can’t afford his tax cut. It’s skewed towards business, the wealthy, and Red states; and adds to the deficit.

At the moment, of course, the market is discombobulated by a black swan event. I think it will fall further, but that’s just my opinion. I’m not usually bearish, but I am now,

Aren't we currently in an economic collapse? Cassie what do you think of Inovio as an investment?

R54, yes, I would call the current environment a “collapse”, but I’m not sure it is recognized as such by everyone. It’s just a word, subject to interpretation anyway. I think the stock market will go lower, soon . A year from now, this depression will be recognized by most people, I think.

r54, I know nothing about Inovio, sorry.

Events like this are innately incomprehensible for most people. I see a lot of denial. Others, who might acknowledge reality a bit more, seem to think things will magically return to normal in a month or two.

Cassie how about that call you made about the stock market hitting 10k by Easter? Did it?

R57, Poindexter, I never wrote that. You’ve confused me with someone else. Or you’re just making it up. Please identify the thread, and post.

It’s not the first time you’ve done this. You should be more careful when you zap someone like this!

Aw, Cassie, are you serious? You absolutely know you made that call.

BTW. You and Erna have very similar styles. VERY SIMILAR.

You’re a liar, Poindexter. F&F R58. You know both statements are lies, and I’m not going to respond to you anymore. Deliberately lying about another poster is not fun. It’s unacceptable.

R59 good lord, they do not. Take or leave Cassandra’s prognostications. I took them them over the last few months and I’m very glad I did. The level of discourse here lately has reached a new low and that’s saying something.

Here to go Er...I mean Cassie. Care to explain which Easter you were referring to in reply 194?

[quote] R26: DJ will be at 10K by Easter Sunday

OMG! Poindexter, YOU posted this prediction, and signed my name! What an asshole! One can tell with trolldar. You’re a real dick! WTF is wrong with you!? F&F this lying cunt!

No, shit, Cassie. It was taken from the thread linked in r62. R63 is probably one of the few times you've been right!

Poindexter, YOU also wrote that prediction in the other thread! And signed my name! You lying piece of shit. Trolldar outs you as a psychopath! F&F this lying dickhead. Amazing. I have no understanding as to why anyone would be such an asshole!

Riiiiiiggggggghhhhhtttttt, Cassie.

You signed my name to at least two posts. You’re a freak!

Pay up that buck fifty and this problem will not continue.

[quote]Others, who might acknowledge reality a bit more, seem to think things will magically return to normal in a month or two.

This is what my brother thinks. I'm not sure what he thinks will bring about a turn around. He is retired with no pension and is 100% in stocks.

Why is the Cassandra in this thread not showing up as an authenticated poster?

Hi R70, I use “Cassandra” when I’m predicting the future. I have an authenticated name that I use for other posts, and I have assumed that you can only have one authenticated name at a time. Unfortunately, this means someone can post using my non-authenticated name, “Cassandra”, and there’s no way to tell me from him.

Poindexter has posted using my name at least three times. That’s bad enough, but for him to then blame me for a post that HE actually wrote, now that is hutzpah.

You can have multiple authenticated names, Cassandra. Each requires its own login.

R40 Let me be sure I understand - you drive a car bought used more than ten years ago; you have a shitty television; and a shitty bed. You’re “calling it” and living well exactly how? Heed should be paid because you’ve been so successful at this? And, don’t fuck with me. I have a $2.5M house with $480K left on what was a 15 year mortgage. I drive a 2019 Porsche. My bed was purchased in the last four years. 401K still over $1M. AND YET, I wouldn’t presume to make the insipid and grandiose claims you do about how others should manage their investments. You don't know dick, and I predict that will be true quite literally always. I will stand by that prediction. Take a little of that “sizable” portfolio (likely all of six figures) and get real, professional psychiatric help.

R72, how do I go about doing that? Does this require buying a second subscription?

[quote] Let me be sure I understand.. I wouldn’t presume to make the insipid and grandiose claims you do about how others should manage their investments. You don't know dick, and I predict that will be true quite literally always. I will stand by that prediction. Take a little of that “sizable” portfolio (likely all of six figures) and get real, professional psychiatric help.

Poindexter, I’m thrilled to hear about your imagined wealth. How nice for you. But you’ve already demonstrated that you’re a habitual liar, so excuse me if I don’t believe anything you have written. Not that it matters to me, it’s none of my business. But please don’t pretend that you “wouldn't tell others how they should manage their money”, because you already have, passionately encouraging people to “buy”, when I was telling people that I was selling and why. I think that’s the bug up your butt, but who knows. You don’t understand, because you don’t want to understand. You’re vested in not understanding. You’re a freak. A stalking, lying, freak.

But, you do seem like a reasonably intelligent guy. Instead of making shit up about me, why don’t you contribute something positive to this thread? And “no”, obsessing about me further, is not “something positive”.

The fact that 30% of renters in this country did not pay their April rent and seeing the mile long lines at food banks in early April around the country, these are very troubling signs.

I don't care. I don't want to go back to work. Starving will do wonders for my figure. Poverty will be humbling.

Let's crash the economy! America needs a lesson in manners! Fuck being rich! What happens when people stop being rich and start being real?

Let's do it.

Fuck possessions. They're just THINGS.

NOTHING COMPARES TO KINDESS, TRUST, FRIENDSHIP. NOT EVEN THE LATEST IPHONE.

Hi Cassandra, I love your posts.

I would appreciate your opinion of the following scenario: Considering that the economy was generally ok-to-good before the virus... and the virus has brought a halt to virtually all spending... I sense there is a pent up demand for EVERYTHING and that we could experience a surge to the economy like no one has ever seen, once people are permitted to get out again. Way beyond what anyone imagines. Poor people will always be poor, but I deal with a lot of high net worth people that are chomping at the bit for normalcy and a return to BIG BIG spending... houses, cars, boats, etc..., simply to catch up. I think even the middle class will bolt out of their houses to shop and spend again after a 2+ month forced quarantine.

To take my scenario a step further, I could imagine the economic tidal wave that I’ve outlined above, countering any recession that would have come along without the Coronavirus.

Hope to hear your thoughts.

"I'll buy on the dip and make out like a bandit when the inevitable stock market recovery occurs."

That is so funny. Thinking in a 1990's way. Thinking that everything will be "normal" in the future this time. Absolutely precious.

This virus is going to wipe us all out in the next 12 months. There won’t be time for much of an economic crash.

R18, there is a very good possibility of that, as ass-clowns like Georgia open up. The virus will come roaring back for them, but the real test will be this fall. I do not think this will end well for humans in general. Unless there is a miracle breakthrough, we could be looking at reruns of Mr. Ed on CNBC instead of market reports every morning, because it just won't matter any more.

Sorry R18, I meant R81.

I'm not Cassandra, so forgive me for responding but...

"I sense there is a pent up demand for EVERYTHING"

Everything I've read, including a great article on Vox, points to just the opposite. A wave of new frugality. And the middle class? After this they are really dying on the vine.

"but I deal with a lot of high net worth people that are chomping at the bit for normalcy". - are there really enough high net-worth people to lift up an entire economy?

It’s bipolar. The stock market is acting like it’s a minor annoyance. But miles long lines for FOOD and 30% of people can’t pay rent! Not even accounting for credit card debt increases. May be a sign of how much of the economy really belongs to the top 5%. They are the ones in the stock market driving prices. The masses are in bread lines and not paying rent.

degrowth, a definite possibly - the LESS efficient, the hard to come by, and the most sustainable

4.4mil unemployment and markets are up. Stock market sees economy opening and everything fine. The top 5% are very disconnected

I think we are about to enter a deflationary period where prices for goods and services fall sharply leading to a depression.

4.4 million unemployment? That was weeks ago. As of today, 26.5 million US jobs have been lost.

[quote] R44: All the forecasts are awful and yet the markets are doing fine.WTF?

R44 and others, I just rewatched [italic] “The Big Short” [/italic] and part of the movie covers the time when mortgage securities were discovered to be junkie, but the insurance on those junkie securities was still increasing in value. That’s like your house is on fire and your fire insurance broker is offering a discount on your fire insurance while it’s happening. The time was used by banks to unload their own mortgage insurance holdings onto people or organizations that were less knowledgeable than they were themselves. After they dumped their now-junkie holdings, only then, did the price of insurance adjust (fall) to the reality that they were insuring - junk.

I wonder if that is happening now? That’s what I stated in the OP. The markets are down from their peak, ~16% at the moment, up from their recent low, but it’s hard to believe that 16% is all we are in for. When I hear that the Big 3 automakers are closed; and a couple of our major food processors are closed; and our meds are made in China and we may have difficulty getting some of them, and more? Oil has fallen to less than $0 and interest rates are essentially 0% or below, it makes me bearish.

Imagine people looking back at this from the future saying, “How did they not know? The signs were all there!”

R90 correct. Maybe that’s why they’re selling this “everything will open back up and be fine” narrative, to unload everything.

Thanks, R79! I love your posts, too!

Hmm, I just don’t know about that. It’s possible, but I think we have big changes ahead. Neiman-Marcus just declared bankruptcy JP Penney won’t be far behind. Chrysler too, because that’s a habit with them, (whomever owns them these days). We’ll see a lot of that. Meanwhile, Amazon just hit a record high. I’m not shopping in big box stores right now, but I am still ordering from Amazon. My packages are delayed quite a bit. I have masks due in June! A whole six weeks after order!

I think your idea is a good one, except I don’t see it countering the recession. Recessions are like breaking something. It takes quite a recovery to both clear out the wreckage, and boost the survivors to new highs, metaphorically. The experts I read are all talking about a “U” shaped recovery. This is unlike the “V” shaped recovery of the big crash, and more like the dot-com crash. That was brutal for me. I couldn’t look at my investments then, it was too nauseating and it took forever to recover.

Interesting, thanks R84 & R86.

Even if you’re an eldergay, if you’re, say, 50, you can expect to live through at least one other economic crash after this one, just based on historical patterns. Isn’t that awful and amazing?

Cassie, you can blame me all you want for your bad calls but the truth if the matter is the 10k / Easter was your posts. I don't clear my cookies or have multiple accounts so it's quite easy to see what I've posted. That call about Easter was all you, gurl. It's too funny that you are backing away from it when that post was completely inline with everything else you were posting at the time.

Oh, Cassie, are you going to hide from being the Op of this thread too when your prediction doesn't pan out? Define near term Cassie so we can come back and judge your ability-- again

That Vox article is just hot garbage. IF we hold it together, religion will be the first in the dumpster. Then the saving part. Yes, we saw that in the depression, a nation of savers. people had so much cash they saved it! Jesus who wrote this shit, some 23 year old? Designer masks? Influencers? All that is going away too. Hard to be influenced by watching on your soon to be turned off phone, a big-titted mound of useless rich flesh when you are waiting in your car for the next spot to pick up free food.

This will make 2008 look like a walk in the park. The banks, cell companies, all those services you pay money to? Those "we are in this with you" ads will suddenly vanish in about sixty days as they will be sending out bills due now, or else. 26 million are out of work and we are only in the second inning of this nightmare.

i think nobody can really predict the stock market accurately though some might have 'lucky guess' every now and then. having said that, i respect Cass' sensible opinion - she makes a good logical case . but of course sometimes the market is illogical.

Quarantine would be so much easier to get through if we knew things would go back to normal afterwards. But this is just the beginning. The after-effects will be so far-reaching.

US banks are better capitalized today than 2008. JPM just reported high reserves in their latest earnings report. So, there's opinion and there's wild guesses? Someone who understand the market know the difference.

Look out bitches! r96 is the REAL Cassandra!!

What about a W shaped recovery? Sense of normalcy boosts the market then major pull back in the fall.

R101, I think that’s highly likely, because no matter what happens after the quarantine, I’m afraid there is a recession coming.

The crash is forecast for Monday, according to some smart traders I know.

Interesting, R103. Why Monday?

Distribution, crash setup for Monday.

Wow, that’s ominous, r103!

[quote] R97: i think nobody can really predict the stock market accurately...

Agreed. If anyone could, the market would adjust so as to foil them.

One of the Rothschilds, in London, somehow learned the outcome of the battle at Waterloo before it became general knowledge. He made a show out of selling his British holdings. The others saw this, and assumed the British lost the battle, and started selling British holdings, too. Then, somehow, he discreetly switched to sell French holdings, and buy British. He made a bundle.

Cassandra, here’s a fun fact... The Rothschild siblings who established banking outposts around Europe in the 1760’s had a secret method to communicate with each other extremely quickly. How they did that is still unknown to this day! In the case of the Battle of Waterloo, which the Rothschilds funded for the British government in 1815, the bankers were indeed aware of the battle results a full day or more before Parliament found out.

As you mentioned, this loan to the British was the Rothschild family’s first huge windfall of profits.

All Rothchilds should be given the Marie Antoinette Treatment.

All Rothchilds should be given the Marie Antoinette Treatment.

R108/109, just curious why you’re against the Rothschilds? They’re one of many banking dynasties.

There’s lots of insane conspiracy theories about them, virtually all baseless. And there’s a lot of anti-Jewish resentment built in. Please see the Wiki link below for clarity. Btw, today there is only one Rothschild billionaire and he’s only worth $1.8B. That’s chump change for somebody like Bill Gates or Jeff Bezos or Warren Buffet.

They were lucky. Loaning too much money to someone capable of having your head can be dangerous.

There was a French King that owed a lot of money to the Templar Knights way back in time. At some point, he sent his soldiers to arrest every Templar Knight in France, for sorcery, sodomy, etc. Likewise, Saddam Hussein funded his war with Iran with loans from Kuwait. . He later decided it was cheaper to conquer Kuwait than to repay his loans. Which he did.

This is the reality we're facing:

Covid-19 is the tip of the ice-berg, so to speak. We're never getting back to "normal". The whole idea of "normal" is dead. This pandemic is going to affect us for at least a year, until there's widespread availability of an effective vaccine. And the economic crash was coming anyway, this pandemic just tipped the house of cards sooner than it would have otherwise, and will make the resulting recession/depression just that much deeper and longer. And by then the effects of climate change will really start to hit.

We will never see normal again.

Friday crash bump

So basically we are all gonna die. This thread makes me want to commit suicide.

[quote]We're never getting back to "normal". The whole idea of "normal" is dead.

Not really, we got back to a "new normal" after 9-11 and we will here. Scientists estimate by the end of summer 2/3 of Americans will have had exposure to Covid19 meaning herd immunity will kick in.

The Rothschilds corned the hard candy market

We experienced 9-11 and everything changed, and we never went back to how it was before.

This is like that, only an order of magnitude worse. We're approaching the point where the American deaths are equivalent to a 9-11 every single day. And we're going to hit great-depression levels of unemployment very soon... we're already higher than at any point SINCE the great depression, and we got there WAY faster than ever in history.

Supply chains are starting to break down. Already we're seeing meat disappear from grocery stores. We're seeing millions of Americans hungry, yet farmers are destroying food they cannot sell at market. It's all out of alignment, all out of kilter, all out of balance. It will take at least a year, likely YEARS to find a new equilibrium. And that "new normal" will be nothing like the old. Some things are likely to disappear forever. Other things will be forever changed.

It took decades, and a World War to climb out of the Depression, and American life was forever changed.

The same will be true here.

Who is this magnificent Casshamdra and how did she realize there would be an economic crash a month after national quarantines caused a massive, economic crash?

How can I get in the business of predictions a month after they happen? There hasn't been a fortune teller this prescient since Captain Obvious!

Read how Casshamdra predicted Donald Trump to win on Election Night!

Yeah, even before we knew that Cassandra was a right-wing nutjob and really clumsy troll, those posts on the stock market in various threads were really pretty damn stupid.

R119, the stock market was soaring last spring, when I predicted the stock market correction, to the very day. I also identified the following uptick as a dead cat bounce on that very day, which it was. You can easily get into the prediction business if you like, but you won’t, will you? That’s a prediction that’s an easy call.

And the link in R119 that you posted was from another Cassandra, not me. Likewise, Poindexter has a habit of making predictions and signing my name to them. Then he holds them up to ridicule and attacks me for what he, himself wrote.

I don’t know where anyone gets the idea that I’m right wing. I actually vote for Jessie Jackson for President, once.

Warren Buffett has mostly been selling over the entire year. Especially airlines, hotels, resorts, and even banks. He did recently make one large investment, though I forget what it was.

Hey guys, I predict we’ll be in a recession tomorrow.

Get out of the market if you’re retiring!

[quote]the stock market was soaring last spring, when I predicted the stock market correction, to the very day.

You do understand that we can review your prior threads and posts and know that you are lying, right? You've got a two-year track record here, most of it very bad. And where you got it right, you were simply parroting conventional wisdom, like the fact that the market is overdue for a major correction, which ranks right up there with the news that water is wet.

I do understand there are prior threads, and trolldar has proven that Poindexter was actually signing my name to certain statements, ones that he would later ridicule.

It’s fine if you want to disagree with what I have written, that is to be expected. But it’s not ok to falsify statements and sign my name on them, then complain when your own statements prove not to come to fruition.

[quote] A Big Note of Thanks to DL’s own Cassandra!

[italic] She’s been SPOT ON the money throughout this and other stock market debacles. Just tell us when we should put our filthy lucre back into the market!...The “dead cat bounce” was right on schedule. [/italic]

Someone created the linked thread on 3/3/20, after I predicted the crash and wrote that the the dead cat bounce wasn’t a reversal, it was a headfake. I don’t know how many contributors there were To this thread, but there were a few it, commenting on things I wrote in February, when the market was at its top, and Poindexter was writing to buy the dips, and I was writing that I was selling. I couldn’t have been more correct than if I had Zeus whispering in my ear.

Cassandra aka Kassandra - what do you see happening to Trump from now until January 20th?

R127, I knew you would ask, so I already posted my prediction about Trump, at the link, ten minutes previously. I committed the prediction in August, 2018, and it remains pretty accurate. See R179 at the link.

[quote]It’s fine if you want to disagree with what I have written, that is to be expected.

It's to be expected because you've been trying to predict the market, which is a fool's game and which you really haven't done well. Had I been foolish enough to follow your advice in 2018, I'd be much poorer today.