Post by
dart321 on Oct 27, 2021 1:38pm
Off The Topic It's here people
It's about to start and all ell is going to break. I was around in Alberta in the 80's when it happened and people where walking away from their houses by the thousands every week month after month after month. The stock markets where crashing and didn't bottom for three years, the micro cap stocks got hit the worst and took years longer to come back. Central bankers and economists around the world are saying the same thing right now interest rates are going higher fast. In the 80's when we seen inflation like this rates where going up monthly not quarterly, it took only 27 months to go from the start to peak rates in some places as high as 20% where being paid on bond interest. Money left the market in droves to go into gov bonds paying 12% or better. The Canadian govs own numbers recently show 38% of Canadians will be forced into insolvency if interest rates rise just 1.5%. It's going to be a blood bath this time around far worse than the 80's and there is nothing govs around the world can do to stop it. Rate rises are starting in third world countries now, the same pattern happened in the 80's, central bankers in the stable countries are saying rate hicks will likely start within months. Cash is king now people cash is king.
Comment by
Kaiser on Oct 27, 2021 2:02pm
I guess this is what happens when you go all in on Sona and lose it all. Then come back to play economy expert with the doom and gloom lol. Give it up dart.
Comment by
dart321 on Oct 27, 2021 2:18pm
LOL the little shoe shine boy speaks, you remind me of a used car slaesman with his slicked back greasy hair selling a piece of junk with you fast talking con.
Comment by
Kaiser on Oct 27, 2021 2:49pm
So I've quoted you giving advise not to sell when Sona hit $7 and it's at .30 and I'm the con? Should I quote you when you said "Sona guaranteed fda approval" Perhaps stick to doing what you know best... losing money.
Comment by
mooseslayer on Oct 27, 2021 2:19pm
I am sure there are many examples of how you lost money over the years. We don't need to hear them. What does this have to do with THRM today? I plan on selling for $3/share when the approval and sales announced very soon.
Comment by
abcd2020 on Oct 28, 2021 1:51pm
lol moose u r not penny flipping anymore.. u have a history of selling part of ur holdings secretly and rebuying them...
Comment by
Vesta63 on Oct 28, 2021 9:03am
Wisdom. How right you are! The early 80's were brutal, people walked away from thousands of homes in Ontario too as manufacturing plants close due to paying 20% + interest. Young bucks have no idea its always been roses and honey for them. GLTA