RE:RE:RE:RE:RE:RE:The Dow will crash 80%That was because of massive infusion of free money by the fed. The recession initially caused by the shutdown was short lived as people unable to spend on vacations and services spent on durable goods..boats, cars, refrigerators, rvs, home renovations etc. That frontloaded the demand for such goods and now it will be difficult to maintain that level of spending on those goods as you only need to buy a $60,000 truck once every 5 or 10 years. An 80% stock crash will make most feel a lot lot poorer and they won't be spending. 2020 was an anomaly as it was rescued in grand style by free money printing. A real recession can drag on for 2 years. I don't buy the narrative of exploding copper and such down the road. It's already happened. Nobody knows the future for sure but if an 80% crash were to happen, all bets are off for copper and the like. I remember the1980 recession. There wasn't a single construction project anywhere to be found. Not a single crane in the sky in urban areas. Stores closed all along main streets with plywood over the windows. People forget what a major recession looks like because it's been a loong time since it's happened. Gold on the other hand is a different story. In 1981/82, we saw one of the worst recessions in history resulting from Volker's 20% interest policy. Millions of business werent viable with those high borrowing rates and closed. There was great pessimism and fear...many were looking for farmland to survive the coming calamity. What did gold do,? It went to $850....around $3000 in current dollars. So I'm not selling my gold investments if what's coming is actually coming