- A lovely schadenfreudische thought - Archived Message
Posted by Rhisiart Gwilym
on April 5, 2020, 11:43 am, in reply to "Re: Rees Mogg's investment firm set to make fortune "
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The 'dystopian' clear-seers have been expecting upheavals like covid for some time, since they're cold-bloodedly awake to the long-term trajectory of the Long Descent. One - born-out - prediction of JMGreer's has been that the descent will be punctuated by a series of sudden lurch-downs (covid-19 being one). After each such shock, things pick up again and recover - but never to quite the same level as before the lurch. The Long Descent as a sequence of step-downs, with quite noticeable risers, interspersed with moderately broad treads; then on to the next lurch-down... In these circumstances - with a growing chance of more black swan lurch-downs on the near-term horizon - the all-mighty, beloved Market might take a while to recover even to near the levels it was at previously. Been studying some economic analysts recently - think Michael Hudson was one - who pointed out that after previous crashes, it's always taken twenty or thirty years before prices/valuations on the stock market have got back to where they were before the crash, mutatis mutandis. So - with a bit of luck - unnecessarily over-rich gits like Re-smog will get their fingers well burned, what with the pace of black swans hotting up, and things never ever recovering to where they were before. Oh yes please! Couldn't happen to a more deserving scum-bag. 500% gains indeed! How about total written-off loss, plus torches and pitchforks at the gates in bleedin' Somerset, squire...? 
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