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Is the unprecedented economic recovery a false flag? Boom or bust?

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Knowledgefactry

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After watching The Big Short, I realized there is a lot of parallels with today’s economic conditions as that of those which led up to the 2008 Financial Crises.

While news outlets champion economic recovery and reopening, it seems like a lot of the woes of the recent covid pandemic are just being shoved under the rug. Maybe I’m just primed to think that way and the movie I watched didn’t help my negative outlook, would love to hear real opinions from people in the field (I am in college so the opinions I am exposed to on a regular basis are trash)
 

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Knowledgefactry

Contributor
I've Read UNSCRIPTED
Jan 28, 2021
22
21
15
After watching The Big Short, I realized there is a lot of parallels with today’s economic conditions as that of those which led up to the 2008 Financial Crises.

While news outlets champion economic recovery and reopening, it seems like a lot of the woes of the recent covid pandemic are just being shoved under the rug. Maybe I’m just primed to think that way and the movie I watched didn’t help my negative outlook, would love to hear real opinions from people in the field (I am in college so the opinions I am exposed to on a regular basis are trash)
The only real opinions I am exposed to is that of customers in the shipping container industry, whom I sell to with my job. Nothing but bad news ever comes from our conversations when I poke around to get answers from them
 

Bekit

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The only real opinions I am exposed to is that of customers in the shipping container industry, whom I sell to with my job. Nothing but bad news ever comes from our conversations when I poke around to get answers from them
Interesting.

What kinds of things are you hearing?
 

Knowledgefactry

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Interesting.

What kinds of things are you hearing?
The over all cost of living is skyrocketing. Relative price of goods is up significantly from a year ago. While a lot of that has to do with the economy shutting down and supply chain disruption, my thoughts are is that simply a hiccup or a transition to a new baseline?



Interesting.

What kinds of things are you hearing?
 

Kak

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The entire world, as we know it today, is a fed driven malinvestment of epic proportions. Nothing is as it seems, but it also is as it seems.

I know that sounds counterintuitive, but it’s reality. The malinvestment is real, the bears are right, but they’ve gotten crushed throughout history. The best advice I can give is be ready for anything.

Our entire economy is like a well built brick building on a foundation of sand. We have all made what we think are solid plays, and they probably are, and will continue to be, until they aren’t.

Unemployment is still high. Economies are still locked down. Stuff is not moving like it was 18 months ago, yet, all time highs.

The market recovering ≠ the economy recovering.
 
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socaldude

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More like unprecedented money printing. There’s is a difference between real economic growth where jobs are created and prices get cheaper because of economies of scale and a central bank printing money. Yes printing money helps but there is a flip side with negative consequences.

As of right now the American dream is dead and this country is in accelerated decline. Anybody who tells you otherwise is blowing smoke up your arse.
 
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Spino

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There is a lot to discuss about it
If you see the FACTS:
- Markets hitting new highs after almost a year of significant economic distruption, HOW?
- Building materials raising in cost, blame the supply chain or maybe, INFLATION
- Trillions of dollars handed out to people and especially corporations, bailing out crooks
- Unemployment still high
- Uncountable businesses shut down, for good, look around the streets of most cities, I can see LEASE signs everywhere, retail is not doing well

Media is telling the story that the economy is doing great but the reality is that they are faking the numbers. Obviously they can't tell the true story and create panic.
The K shape recovery is the situation I see, Rich getting richer and poor getting poorer, even if you have a good job with steady salary your purchasing power is tanking.

I can't tell what will happen but the markets will need to find a new equilibrium. Can't only go up. Markets and Economic Reality are very disconnected at the moment.
 

Kid

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If you really want to know then look up purchasing power of dollar and measure things like GDP or market based on that.
I'm not into math but printing 5 or more trillion dollars decreases purchasing power. Calculate, check, decide.
 

JScott

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After watching The Big Short, I realized there is a lot of parallels with today’s economic conditions as that of those which led up to the 2008 Financial Crises.

Today's economy is pretty crappy, but there are very few parallels with the precipitating economic conditions that led to the Great Recession.
 

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