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New financial crisis
Russia bombl4 
you guys remember 2008? well it's coming back if not 2020 its gonna be 2021. system is built to fall, and it will keep doing this cycle until we let the major banks die. it will be worse than last time, and we all will feel consequenses
2019-06-26 21:58
Brazil IdolaMochi 
Major price money drops to 10k ?
2019-06-26 22:00
Russia bombl4 
yep price pools in csgo will be worse ofc
2019-06-26 22:01
s1mple | 
Latvia em1^ 
ok bro
2019-06-26 22:01
Russia bombl4 
2019-06-26 22:30
What is your basis on this? I'm sure that the interest rates should rise as we have been going for negative interest for about 10 years, that is not sustainable as the economy grows the inflation should exist and be reflected to interest rates, and even though FED has told every years that they will increase the rates it hasn't happened yet and EU central bank has given out the idea that this will continue for the next few years. So for the economy to collapse quickly you need a bubble, I know that the banks are again giving out money easier than before, but it is not anywhere near the NINA loans of early 2000's. But yea it is easy to say that economy will collapse, it has done so in the past and will do at some point in the future too, but its hard to impossible to say if its gonna be next few years or not and how hard it will hit.
2019-06-28 10:43
Just buy bitcoin lol
2019-06-26 22:02
Russia bombl4 
yes and lose money in another speculative bubble xD
2019-06-26 22:05
Well bitcoin is up again
2019-06-27 09:43
Russia bombl4 
And you dont think it will crash again?
2019-06-27 10:35
Sure it will, just sell before it does or wait until it will be up again
2019-06-27 11:05
Russia bombl4 
Its not possible to predict when a speculative bubble will pop
2019-06-27 11:09
most cringe-worthy comment i have ever read on hltv
2019-06-27 13:40
United States 1for1discount 
i wont
2019-06-26 22:03
United States Acehavok 
Yo you got my coupons or nah?
2019-06-27 01:32
United States 1for1discount 
no i need them for the crisis
2019-06-27 08:15
Trading volume of sub-prime mortgage collateralized debt obligations remain significantly lower then 2006 levels. Rating agencies won't make the same mistake again. Minimum capital requirements under the new Basel agreement is higher.
2019-06-26 22:08
Russia bombl4 
using pretty words but say nothing financial crisis is imminent there is no way to summarize it in a hltv comment
2019-06-26 22:27
Then why make an hltv thread about it
2019-06-26 22:31
These points address the main causes of the previous financial crisis. If you want an example of speaking without saying anything, I can refer you back to your post.
2019-06-26 22:48
f0rest | 
United Kingdom Areashi 
It's funny how you referenced the 2008 crash and don't even know the main reason that caused it in the first place.
2019-06-26 22:52
No, he's not using "pretty words", he's telling you why a speculative housing bubble won't happen again.
2019-06-27 09:30
I mean, the words are pretty though. I liked how they looked :)
2019-06-27 09:44
Yeah it sounds pretty fancy :)
2019-06-27 09:50
haha yes!
2019-06-26 22:37
I am not sure about that there is some 350 trillion of assets that are dangerous when it was 70 in 2007
2019-06-27 01:17
What is a dangerous asset?
2019-06-27 01:31
It has to do with derivatives and in general with financial assets that are vulnerable when something major hits.
2019-06-27 02:28
That is a terrible explanation, let alone any sort of definition. And in general, a dangerous asset refers to a physical asset, which poses risk of liability to its owner.
2019-06-27 09:24
Derivatives are not physical assets boy its a future contract
2019-06-27 14:11
I didn't say it was. And a derivative is not a future, a future is a derivative.
2019-06-27 14:13
So it is a speculative asset. And you are correct but you got what I said.
2019-06-27 14:15
Derivatives are mainly used to hedge risks, not to increase risks. But they naturally require a counterparty.
2019-06-27 14:21
True, but CDO's (mainly synthetic squared CDO's) were one of the reasons in 2008, doesn't mean it will play a part next time. But CDO's are still around, as are CLO's and CMBS, and the real question is if big banks will be able to offf-load or cover bad debt when the economic downturn begins. Because economic downturn will begin, it's just natural.
2019-06-27 10:55
Europe pencilvester 
Hey mister, stop using pretty words
2019-06-27 13:36
The point I was making is that if he doesn't understand the causes of the previous financial crisis, there is no way he can predict nor explain the next one. And anyhow, important is what the CDO's are comprised of, and whether the investors understand what they are buying (such that they can manage the risk appropriately).
2019-06-27 14:27
Well yeah, OP is just saying stupid things. That is quite important, only problem banks knew then and know now, they just didn't care, increased reserve amount would help with counterparty risk, but even then the biggest risks were interconnection and liquidity risks, for example when a big bank has too many toxic assets and have no liquidity and shit hits the fan then it starts the snowball effect, which is kinda what happened in 2008. Thank god, USA and EU bailed banks out, the real question is if they can do it now, they have racked up quite a debt.
2019-06-27 14:40
Well, it's no longer the governments bailing out the banks. Now it's the creditors and rich depositors, unless insured funds have to be reimbursed.
2019-06-27 14:44
yes. except for the rich, they'll get much richer of course with 2-3 execptions, which will be talked about in lengths in the press. Meanwhile normal people will get poor. Nice system GG
2019-06-26 22:34
nice try communist
2019-06-26 23:19
Sweden Trkmag 
2019-06-26 23:19
Frick off communist
2019-06-27 09:44
Europe pencilvester 
You tell'em commrade
2019-06-27 13:37
just buy gold lmao
2019-06-26 22:34
ty for advice mens you are really smart!
2019-06-26 22:39
np mens hope you get rich!!!!
2019-06-26 22:39
Dont listen to him mens!!! he is undercover Peter Schiff!!!!
2019-06-26 22:41
What drugs are you on right now? I want some
2019-06-26 23:03
2019-06-26 23:15
Europe pencilvester 
I think is brain problem no drugs men Very sad(((
2019-06-27 13:38
2019-06-28 10:50
Poland misterr_ 
if switzerland says that then it has to be truth
2019-06-26 22:42
If that happens i will move to Poland and become Polak
2019-06-26 22:45
Poland misterr_ 
we will give you warm welcome men)))) but why)
2019-06-26 22:47
Because a Polak doesn’t die of hunger
2019-06-26 22:48
Brazil stewArt1 
You ill be welcome, I know good toilets for you
2019-06-26 23:12
You are pessimist men
2019-06-26 22:43
Russia bombl4 
I wish but its not possible to avoid this
2019-06-26 23:52
I cry
2019-06-27 23:11
Mongolia bozgor 
italy will fuck us all
2019-06-26 22:44
Germany xsyzzz123 
+1 it will be lika a domino first italy, then greece, then spain, then the euro zone, then the eu, then china, then the us and the rest of the world
2019-06-26 22:54
Mongolia bozgor 
i sharpened all the knives needed men))))
2019-06-26 23:01
Germany Bier 
Ofc but after that more prosperous times will come. As you said: the system is like that. Crash/ recover/ gain/ crash repeat
2019-06-26 22:48
ez buy gold and stocks in emerging markets because of weak dollar. ez money
2019-06-26 23:18
Buy gold before crash and then liquidize your gold back to cash once the crisis is over.
2019-06-26 22:51
Yes, why doesn't just everybody buy gold right before the crash? I mean it's super simple!
2019-06-26 23:06
Because people are dumb
2019-06-27 09:45
nice copy my answer. typical swede
2019-06-26 23:15
Sorry, didn't see you wrote the same thing. Not that I care.
2019-06-27 14:25
typical swede
2019-06-27 17:30
Typical Norwegian neighbor.
2019-06-27 17:34
Fuck sweden niggas
2019-06-28 11:42
I arent think thatz. Hi my name is Betina. (Brazilian will get) xdddd
2019-06-26 23:16
Sweden Trkmag 
100% agree, until the countries start to bail out their citizens instead of the banks we are fucked
2019-06-26 23:20
Why does a person who doesn't understand that Europe has enacted bail-in laws under the BRRD have an opinion on the stability of the banking system and consequently the well-being of the citizens?
2019-06-27 01:10
Because people are dumb
2019-06-27 09:46
im somewhat sure that he meant the wallstreet-bailout...
2019-06-27 11:46
I'm somewhat sure you're unknowledgable on the topic and hence don't understand why you feel compelled to contribute your nonsense.
2019-06-27 12:23
Why so triggered? Seems like you know exactly what he meant. How do you know exactly that he definitively did not mean the wallstreet-bailout?
2019-06-27 12:36
Banks will be bailed-in in the future, and no longer bailed out by the governments and thus taxpayers. You, for some odd reason, are referring to the past bailout program (while he was talking about future events - until something happens), which shows that you didn't understand my comment.
2019-06-27 13:17
Has the US done anything similar? Coz afaik they have done the opposite. For example:,_R.. This is obviously relevant because the US economy affects the rest of the world as the 2008 crash showed. So its great and all if the EU holds the major players responsible but if the biggest countries in the world dont pull along, its only gonna do so much.
2019-06-27 13:36
It's a G20 reform.
2019-06-27 14:03
Well thank fuck that gives me some hope, but you kinda switched the object of discussion, when first talking about something EU-related and now all of a sudden you mean something that came from the G20.
2019-06-27 14:05
That doesn't contradict. The object of discussion was bailout versus bail-in. Bail-in is just one point on the financial reforms demanded by the G20. Financial Institutions in EU member states are still regulated by the EU. And hence, EU financial institutions are governed specifically under article 55 of the EU Banking Recovery and Resolution Directive (2014/59/EU) (BRRD) with regard to the bail-ins. For a more comprehensive read:
2019-06-27 14:20
Brazil dr0wning 
2019-06-26 23:59
What crisis
2019-06-27 01:10
United States Acehavok 
Median wage is 30-31k, wealth gap keeps getting bigger, stock market is super inflated. Ez recession.
2019-06-27 01:13
Once again you are making me proud child .Don't forget the real estate bubble
2019-06-27 01:19
United States Acehavok 
Thanks dad 👴🏻 💪
2019-06-27 01:21
If both rich and poor get richer, but the rich get richer faster, the wealth gap increases as well. Is that a bad thing then? No, because it means that the poor get richer too
2019-06-27 09:47
2019-06-27 13:38
United States Acehavok 
Except that’s not the case in America. Since 1973, the average income of the the bottom 90% has gone down 7% when including inflation. Meanwhile since then the average income of the top 1% has gone up 202%. This is a pretty specific source but at best wages have flatlined with inflation for most of us over the last few decades despite productivity continuously increasing. After every recession we’ve had it’s gotten drastically worse. In a recession middle class people people have to liquidate assets. Who buys those assets? Banks and rich people who have hordes of money on the side who can then sit on the assets for a decade and resell them for 2-50x the value.
2019-06-27 14:24
I am all for the major banks dying because I have a massive credit card debt lol
2019-06-27 01:33
United States Acehavok 
They can sell their debt, I know it sounds retarded. But at least for loans and mortgages if a bank goes under they can sell their loans and mortgages to another bank. Say you have a $100,000 mortgage with bank 1, which is a bank that’s about to fail. Bank 2 can buy that from that mortgage a rock bottom price due the time constraint bank 1 has, so let’s say $25,000 (idk if that’s actually “rock bottom price”.) Bank 1 at least gets some of their money back when they fail and bank 2 will now make $75,000 + interest once the loan is paid while only having to make a $25,000 investment. From what I can tell, credit card companies can do the same thing.
2019-06-27 14:41
World memyselfandI 
2008 crisis never stopped, it just slowed down a tad. It's still way worse than it used to be.
2019-06-27 01:33
Karl, is that you?
2019-06-27 01:35
Give me one reason to keep your money in bank instead of pure gold hidden and burried on your garden
2019-06-27 01:40
A more common choice would be between being invested in stock market or buy/invest in gold. Just having money on bank today is the worst option.
2019-06-27 01:48
United States Acehavok 
Ideally yes you want your money in an investment anyways so it to grows faster than inflation. However are your banks not insured by the government? Here we have the FDIC which the federal government guarantees at least $250,000 of you money back per account if the bank fails.
2019-06-27 14:45
Insured up to 95k USD if banks collapse. But there are also different investment account types you can use that are also insured from the investment banks collapsing.
2019-06-27 15:17
United States Acehavok 
That’s nice, here I’m pretty sure it’s just checking, savings, and CDs that are insured, maybe money markets too. No true investment banking gets any federal backing for its customers.
2019-06-27 17:11
United States Acehavok 
Are your banks not insured? #126
2019-06-27 14:47
I am an idiot when it comes to economics. How is there a money problem when movies are getting bigger budgets than ever before, companies are getting so much money they're more powerfull than governments, technology advances at an alarming rate. I don't understand jack shit of this entire fucking concept, lol.
2019-06-27 01:45
Most companies are being funded by people like you and me who buy their shares. A company which is expected to grow will lead to an increase in their stock price. All well until investors lose trust in either the company itself, or the market in whole (political problems, climate crisis etc.). When investors lose the trust they will start selling their shares, larger selling demand --> stock price dropping. Although companies can often drop in stock price without actually any fundamental change being made in the company or market, psychology has a major impact on stock market. If small investors see large investor banks selling their shares in different companies, many will start worry and take their advice and sell, and so on.
2019-06-27 02:00
Peru TheJuan 
Just print more money then wtf
2019-06-27 01:49
worked for zimbabwe and venezuela
2019-06-27 02:02
Peru TheJuan 
Facts dont lie
2019-06-27 02:23
haha It has never ended in our country, meeeen((((9((
2019-06-27 09:40
You heard the guy, tin foil hat on everybody.
2019-06-27 09:44
Russia bombl4 
Comparing chemtrails with the imminent crash of the financal system, get help
2019-06-27 10:37
You have no idea what tin foil hats is a metaphor for, right?
2019-06-27 11:28
Its not even conspiratorial to expect another economy crash.
2019-06-27 11:47
True, conspiracy theories usually have some sort of facts and arguments supporting them. What are your arguments for an economical collapse in 2020 or 2021 specifically? Very interested to know what information you have to support the claim that it's going to happen within the next 6-18 months. Also interested to hear about how this can be controlled by letting the "major banks die".
2019-06-27 13:14
I have never really claimed to have knowledge on the topic or when I expect another one, but you seem to be missing the point. Was the 2008 crash a conspiracy?
2019-06-27 13:23
That's neat. But by writing "it's coming back if not 2020 its gonna be 2021" you're insinuating that you have some arguments to back it up. Or that's what an intelligent person would have at least. With "there was a crash in 2008, wasn't it?" as your only argument you might as well create threads where you predict the next world war or the next all time high temperature in France. Would probably be more interesting.
2019-06-27 13:30
When did I write "it's coming back if not 2020 its gonna be 2021"? And very nice how you have completely ignored and strawmanned my most recent sentence. YOU asserted that the OP asserted that any crash in the (recent) future has an conspiratorial background and I was going to ask you how exactly you reached that conclusion because OP did not say that.
2019-06-27 13:34
My bad, I just assumed you were the same guy who started responding to my comments. Didn't think that someone else would have an interest in our conversation. Have a nice life.
2019-06-27 13:49
Because its all infalted by qe and when qe4 rolls around it cant take it anymore. Also people are taking up loans paying down other loans. At someone this has to reach the tipping point. Doubt the second reason will cause the crash as it isnt that extreme but it will make it worse
2019-06-28 10:29
"until we let the major banks die" The whole Western World has taken the disgusting decision to run on majority Keynessian nonsensical policies , U.S isn't gonna fall alone , they will all fall and big government will have its back covered as always.
2019-06-27 09:55
what crisis. it`s not a crisis, it`s a correction! in well functioning countries, nothing with long term consequences happened. even the money banks got is payed back. only shit countries which lived far beyond their performance have crisis, and the reason for that is not the crisis itself, it`s their behavior!
2019-06-27 10:00
Finland HM72 
You are probably right. I am not sure when the bubble will burst but Many alarming signals are already there.
2019-06-27 10:05
Poland mamba99999 
Better not 2020 - I want to play Cyberpunk. Another danger is the paper currencies actually going down. Gold will go through the roof.
2019-06-27 10:17
United States Acehavok 
Well technically if a currency is failing the gold will largely go up in price because the currency is losing value, thus it’s not worth as much, this you need more money, not because the value of gold is drastically going up due to market demand.
2019-06-27 14:50
Ok but why? And what makes you think it will happen in 1-2 years?
2019-06-27 10:37
Finland HM72 
Google ”financial crisis warning signs” and you’ll find articles that explain.
2019-06-27 10:40
allu | 
Europe samje 
if so, put on your buy pants and invest when the time comes
2019-06-27 10:41
Pakistan ostraka 
not really my country was poor already xaxaxa
2019-06-27 10:46
India otgps 
Property values are going down all the time and banks are asking for more and more collateral. No economic depression incoming. Just downturn where they slowly take all cash from poor and deliver it to the rich via unemployement and such. Look for the real evil
2019-06-27 11:12
Germany Vini_1337 
Everyone acting like they know everything about the financial crisis of 2008 when in reality they just watched the big short lmao
2019-06-27 11:34
Germany cucKingxaxa)) 
2019-06-27 11:38
Hi not sure if you registered it or not but its real shit. I was always in doubt that china bots is manipulating market. Now Im sure. I started buying gamescom cases when they were really cheap 0.25e each. Since then I buy some from time to time. So I can see many profiles of people who are selling these boxes. In 90% its new profile with one name private profile and no picture. Just look at this steam graph current price per box was 0.4e yet some bot or chinese guy boght 1000boxes per 3.5euro each. Not sure if this is their way how to transfer money from account to account or what are they trying to accomplish. But Im sure that they have bots for placing items to market in bulks at low price so they could buy it even lower. and those who dont wait they will be ripped off.
2019-06-27 11:41
2019-06-27 11:48
Finland siloquez 
It's nice and the system is corrupted, someone always benefits from these and they are not just "happening", someone is behind them. EELUMENETY
2019-06-27 11:51
MARKETS WILL CRASH IN 2012.. sorry i meant 2014... sorry i meant 2016... 2019 maybe? no no no surely it's 2021
2019-06-27 13:38
United States Acehavok 
I never heard anyone talk about it before 2016. 2012 was only 4 years after the 2nd worst recession. Hard to make the economy even worse.
2019-06-27 14:52
Was a lot of talk about it during the euro crisis, many stock markets around Europe took heavy hits, pretty sure USA aswell.
2019-06-27 17:53
why you care for financial crisis when mother nature is awakening and will get rid of every single body of this planet in the next 10-20 years if there is no change in the human consciousness. money is just paper printed in factories. if we were not so greedy money would mean jack shit. 0 worth, but because we pay and pay and pay and pay and pay for useless shit it gets this value. It's basically still an I OWE U trade paper.
2019-06-27 13:39
nt marx but maybe next time :)
2019-06-28 10:36
yes fakin trump trying to get richer and fuck poor people in the ass. he is all evil and part of illuminati who is trying to get richer by destroying everyones money
2019-06-27 14:11
Good for mother Russia, they're increasing their gold stocks.
2019-06-27 14:13
Keep buying oil and help a brother out, yes ? i don't want any of this financial crisis ur talks about
2019-06-27 14:23
Russia bombl4 
sry we soon will all be running on renewal energy and then ur fucked friend :(
2019-06-27 14:46
Tell that to Asia
2019-06-27 15:45
Russia bombl4 
2019-06-27 16:33
United States Acehavok 
2019-06-27 14:53
It is easy to say "there will be another crisis" since according to probability the longer you wait, the most probable it becomes. My question is : what will cause it according to you?
2019-06-28 10:30
Infalting the bubble with QE, rising debt being paid by debt, yield curve flattening, rising interest rates, etc
2019-06-28 10:35
s1mple | 
Germany NatsuS 
we are still in a crisis. All that EZB did is fight symptoms. When they give interest over 0,5% you will see and feel it again.
2019-06-28 10:34
14-year-old economist?
2019-06-28 10:46
2019-06-28 11:08
Russia bombl4 
hehe :)
2019-06-28 11:17
Poland FitPolak 
Mother Polska green island)))
2019-06-28 11:22
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