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    Default MELTDOWN. The world financial crisis explained....

    Last edited by Toma; 07-22-2014 at 12:38 AM.

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    Its gonna happen again soon!

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    Originally posted by InRich
    Its gonna happen again soon!
    I predict the economy is going to go up at some point in the future.

    I also predict the economy will go down at some point in the future.
    Vettel's #1

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    ...
    Last edited by Sugarphreak; 08-03-2019 at 01:22 PM.

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    I predict the trouble will subside at the end of this fall, or at the end of next fall.
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    what do you mean? Things are awesome. Stock markets are blowing through record levels daily, way above where they were before the crisis. Housing is past crisis levels in Canada and in the US its approaching back to where they were. Unemployment is down, jobs being created, interest rates are low, zero inflation. This is the best most healthiest economy in the history of the world. Makes me feel all warm and fuzzy

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    ..
    Last edited by Sugarphreak; 08-03-2019 at 01:22 PM.

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    Originally posted by Sugarphreak

    I think it might be ok until next year... it is not that I am rooting for a crash, it is just that historically it is a 7 year cycle, so we are due. I am however very worried about the low interest rate... if we do crash, it is going to be a really bad one.

    This year feels like 2008... similar feeling in the O&G market, similar to the housing boom that never seemed to end, similar defiance that things could fall apart.

    O&G is pretty weak right now, lots of people are getting laid off all over the city. Very few prospects on the table for companies.
    inflation or deflation? Governments are so saddled with debt there is no way for them to get out of a crisis now apart from defaulting or hyper inflation. It's a lose / lose situation that's why it's going to be bad. And yeah, O&G is slow now. Just got laid off from a small EPCM that, after 6 months of keeping me on, waiting for new stuff to come in and very little work, had no choice but to finally let staff go. Looking around I don't see many prospects in the pipeline. Rather depressing as I was in the middle of looking for a condo.

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    ...
    Last edited by Sugarphreak; 08-03-2019 at 01:22 PM.

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    So you can speculate till the cows come home but life needs to go on. As long as you are not in over your head you will be alright. You don't want to be the first in line or the last stay in the middle you will ride anything out.

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    Originally posted by BigMass


    inflation or deflation? Governments are so saddled with debt there is no way for them to get out of a crisis now apart from defaulting or hyper inflation. It's a lose / lose situation that's why it's going to be bad. And yeah, O&G is slow now. Just got laid off from a small EPCM that, after 6 months of keeping me on, waiting for new stuff to come in and very little work, had no choice but to finally let staff go. Looking around I don't see many prospects in the pipeline. Rather depressing as I was in the middle of looking for a condo.
    I'm in this boat now, I really need to find a job before things get worse for the whole economy
    sig deleted by moderator, because they are useless

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    Meanwhile between Apple and Microsoft, just announced over 10 billion in profit. Thats a lot of dough.

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    Originally posted by Sugarphreak

    I think it might be ok until next year... it is not that I am rooting for a crash, it is just that historically it is a 7 year cycle, so we are due. I am however very worried about the low interest rate... if we do crash, it is going to be a really bad one.
    I dunno man, driving through the industrial parks in Edmonton, everyone is hiring. There is over a 300 deep waiting list at the union hall for electricians up north. All service/retail industry jobs are hiring.

    Now, Alberta is a bit of a microcosm, but overall, unless oil tanks and stays tanked, another recession will do the exact same thing. Keep living affordable, but still tons of jobs.

    At the end of the day, IMO, you shouldn't be banking on making a career out of new construction; there is only so much you can build for a given population.

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    Last edited by Sugarphreak; 08-03-2019 at 01:21 PM.

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    I love recessions... so many good deals
    This. The question is how to minimize losses, and maximize post-collapse gains. Pull a majority of your portfolio out of the market and sit on a bunch of cash until it collapses, trading gains made right now for potential massive gains after the dip? If only I knew the future

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    Originally posted by supe
    Meanwhile between Apple and Microsoft, just announced over 10 billion in profit. Thats a lot of dough.
    And 18,000 lay offs..... Hmmmm

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    Originally posted by Toma


    And 18,000 lay offs..... Hmmmm
    Duplicating staff is a useless proposition. Sucks to be a Motorola employee right now if Microsoft already has someone doing your job.
    See Crank. See Crank Walk. Walk Crank Walk.

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