Should we be worried ?

[Spartacus]

Over the past month, there's been some strange goings on with the stock markets with things like gamestop seeing unprecedented investment by small investors following tips from sites like reddit. Today silver seems to be the investment of choice.

A few years after the Spanish flu pandemic (1929) , the stock market crashed as stocks were valued a lot higher than their worth after a speculative trading boom, high unemployment and reduced production levels. This caused the great depression that lasted ten years.

With shares being manipulated at the moment through whispers on sites like reddit, and unemployment in the west high along with some industry sectors being suppressed through lock down, could this be a sign that stock markets are about to crash ?

Conspiracists among us could even question if this is manipulation by outside parties in a bid to bring down the west after covid was introduced to destabilise the economy first.

Should we be worried ?

[Sephiroth]

I don't know if we SHOULD be worried

But I think it's fair to actually be worried, for all the reasons you state

Question is, no matter how worried we get, can anything be done to correct?

[SpringTime]

It's certainly not worth worrying about. There are some great investments around and the returns are lightning fast.

[JohnL]

They tried the same thing with a crypto currency (called a pump and dump apparently)

https://www.financemagnates.com/cryptocurrency/news/reddit-targets-xrp-cryptocurrency-jumps-100/

It was an abysmal failure for many (although no doubt some made a profit - those I saw on twitter missed the selling point and lost out)

https://www.coindesk.com/price/xrp

[JohnL]

Worryingly for small investors trying this lots said the investment site crashed at the selling point and by the time it was back .... it was over.

[malumbu]

Isn't wealth fed by the fixation of carbon produced by the sun in our foodstuffs, energy from fossil fuels, the sun and natural resources, and the manufacturing of things essential for life? In this crisis the world still need to eat, but I expect a move to more simple/primary products, we still need energy but with less production, leisure activities and transport this will reduce too, and less manufacturing. Then there is less wealth, and less money circulating. And the system could collapse. Or is there a magic money tree somewhere in the Gulf that is still overflowing.

I never studied economics so help me understand how so much money can be made.

[JohnL]

Someone said that every american had $600 given to them by their government so they need to find some scheme to spend it on. :)

[Seabag]

JohnL Wrote:

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> Worryingly for small investors trying this lots

> said the investment site crashed at the selling

> point and by the time it was back .... it was

>

Ditto

[diable rouge]

A lot of the spam I get these days is Bitcoin related, seems that interest in V.iagra has drooped...

[Spartacus]

diable rouge Wrote:

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> A lot of the spam I get these days is Bitcoin

> related, seems that interest in V.iagra has

> drooped...

😱🥀🍆