patrick.net

Good to know that the Europeans have an extra $2 trillion laying around. I doubt their populations are going to be feeling in the mood to help combat world hunger for the next couple of years.

$2 trillion in EXTRA electric bills forecast for just for the household sector of Europe.

https://fortune.com/2022/09/06/europe-energy-bills-soar-two-trillion-2023-goldman/

Assuming 500 million people, that means $4000 per person.

Goldman Sachs report this recently.

Sep 8, 2022 — A typical family in the EU could face energy bills of €500 per month by early next year without the introduction of price caps

there's money to be made from this economic crash, big fucking money guys...

Guys remember that housing crash that most of us gained on, but pros like eman/pkennedy made a killing? well, that time is coming again. just a lot of it is overseas I think.

@FortWayneAsNancyPelosiHaircut I agree money, serious money is to be made, but I'm not good enough, nor have I been paying enough attention to The EU to know how much more things will fall and when it may rebound. Plus currencies aren't something I've ever dabbled in. Pound Sterling at sub $1.10 sounds like a bargain, but with the energy crunch in the EU, it sounds as if it's going to get worse before it gets better. It's all about timing. Markets aren't at a bottom yet... I'd say another 10% drop before we find a true bottom, at least in the Dow Jones.

FortWayneAsNancyPelosiHaircut says

there's money to be made from this economic crash, big fucking money guys...

Guys remember that housing crash that most of us gained on, but pros like eman/pkennedy made a killing? well, that time is coming again. just a lot of it is overseas I think.

Okay, so you mean like buy Puts in housing stocks like ticker ITB ? How about buying natural gas companies ?

The S&P 500 is already down 25% from its 52 week high and about 8% above the all time high in February 2020.

Accounting for inflation (about 16% from February 2020 to now), the S&P 500 's real gain is negative, hence the Fed effectively wiped out any COVID gains.
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