[klat]

As the reality of recession sinks in, prepare for markets to crash


With market realists warning of ‘bumpy times’ and a ‘mild to hard recession’, the great financial reckoning that has been warded off for too long is finally upon us



Until now, it seemed there were two parallel economic universes – a “real” one where people suffered from soaring inflation, food and supply shortages or even war, and a “virtual” one where financial markets envisaged a rapid return to rosy normality. Now, the virtual one is about to explode.
We are likely to be entering what could be called stage two of the “great unravelling”, when a bear market in stocks and a cooling in real estate values turn into a major collapse in asset prices as the reality of economic recession starts to sink in.
In the space of just the past week, Goldman Sachs CEO David Solomon has warned of “bumpy times ahead” and a tougher economic environment, while JPMorgan CEO Jamie Dimon has predicted a “mild to hard recession”. Markets reacted with shock despite the obvious nature of these observations.


https://www.scmp.com/comment/opinion/art...kets-crash

[[[ForeverAlone]]]

happy to see some of my army friends spend and spend " as if " their job is safe , which they are NOT civil servant.

Civil servants happy rot in their job wat retrenchment ? etc ? also don't affect them next week they going to get their year end bonus as usual beside mid year bonus already taken

[klat]

The Federal Reserve is expected to raise rates again at a meeting this coming week

[Alam]

I share the same views.... basically unless FED u-turned and restart another decade of unlimited QE to kick the can down the road, there is lots of pain coming, payback times.

[Niubee]

I share the same views.... basically unless FED u-turned and restart another decade of unlimited QE to kick the can down the road, there is lots of pain coming, payback times.

Create demand inflate the economy further

[debono]

happy to see some of my army friends spend and spend " as if " their job is safe , which they are NOT civil servant.

Civil servants happy rot in their job wat retrenchment ? etc ? also don't affect them next week they going to get their year end bonus as usual beside mid year bonus already taken

In the civil service, their jobs is like an iron rice bowl, and they can look forward to mid-year and year end bonuses................ ,

[Bigbluedot]

Hope property not only cool but crash to give young generation a chance to buy a roof.

[grotesqueness]

in the past
when did market stop crashing
market will always crash from time to time

[debono]

grotesquenessin the past
when did market stop crashing
market will always crash from time to time

Yes, I agree, markets will always  crash from time to time, we just need to wait for the market to go northwards after a big dip.......

[singlon]

Guru searches the magic mirror