UK/North economy

[dec]

20 Feb 2020
S&p was 3380
2 days after the club final it was 2290.7q

Asset bubble 2
28 zdec 2021
S&p was 4795
21.20.22 was 3657

So it went from 3380 on 20 feb 2020 to 3657 on 22.10.22

Losses were 32% in asset bubble 1 and 24% in asset bubble 2.

Any other questions?

So it looks like you have discovered that stock markets are volatile, well done.

[gallsman]

20 Feb 2020
S&p was 3380
2 days after the club final it was 2290.7q

Asset bubble 2
28 zdec 2021
S&p was 4795
21.20.22 was 3657

So it went from 3380 on 20 feb 2020 to 3657 on 22.10.22

Losses were 32% in asset bubble 1 and 24% in asset bubble 2.

Any other questions?

Even ignoring your head scratching comment about the 2020 club finals given they were played in January...between mid January and mid March 2020, can anyone think what might possibly have caused a crash? Not all at once now, hands up please!

You get that even perhaps the stupidest people on the planet understand that this isn't the same as storing cash under your mattress, yes?

Also, please, for the love of god, stop describing absolutely everything under the sun as senior hurling

[seafoid]

Covid caused the crash in 2020

Inflation caused the crash in 2022

[Baile Brigín 2]

Thanks.

Plan is once the mortgage is cleared we plan to split 90% of that monthly payment between savings, emergency fund, pension etc.

It was always dead money so if we can continue to tip away based on current incomes we should be ok.

A pension with tax relief has a lot of merit.

Pension funds all use one quantitative model for all risk and lose shedloads to inflation and volatility. They lost around 50% of assets between 2020 and 2025. I am looking at a Swiss pension fund that lost 25bn CHF between 2020 and 2025.
https://www.ft.com/content/1fcb4d60-b1df-11e8-99ca-68cf89602132
Now, risks lie in bloated asset prices, levered investments, and in pension funds that hold them. The next crisis will not be about banking, but the insidious danger that pension funds deflate, leaving a generation without enough money to retire.

Should this be filed under made up shit or have you actually evidence that in any general sense pension funds lost around 50% of assets (by which i presume you mean value)?

There were 2 asset bubbles between 2020 and 2025. every time an asset bubble collapses there are losses
Equity losses
2020 32%
Oct 22 24%

32% and 24% fall from what though? If the bubbles hit 33 and 25% before deflating, so what?

Fall in the share price from peak asset bubble.32% had implications for solvency.  Everyone uses quant models so they go down as the market goes down.

And what was the asset price before the bubble?

20 Feb 2020
S&p was 3380
2 days after the club final it was 2290.7q

Asset bubble 2
28 zdec 2021
S&p was 4795
21.20.22 was 3657

So it went from 3380 on 20 feb 2020 to 3657 on 22.10.22

Losses were 32% in asset bubble 1 and 24% in asset bubble 2.

Any other questions?

Your sums are wrong.

Why the S&P and why those dates?

But in more general terms, why are you classing equities in general as an asset bubble?

[gallsman]

Covid caused the crash in 2020

Inflation caused the crash in 2022

You understand that a crash isn't the same thing as a bubble?

And what has anything got to do with "pension funds losing 50% of their assets"?

[RedHand88]

Covid caused the crash in 2020

Inflation caused the crash in 2022

You understand that a crash isn't the same thing as a bubble?

And what has anything got to do with "pension funds losing 50% of their assets"?

The pension funds are playing senior hurling now.

851% of Americans hate Israel.

There is more chance of Fermanagh winning the ulster championship.

Sin é

[Armagh18]

Covid caused the crash in 2020

Inflation caused the crash in 2022

You understand that a crash isn't the same thing as a bubble?

And what has anything got to do with "pension funds losing 50% of their assets"?

The pension funds are playing senior hurling now.

851% of Americans hate Israel.

There is more chance of Fermanagh winning the ulster championship.

Sin é

Very good!  

[Baile Brigín 2]

Covid caused the crash in 2020

Inflation caused the crash in 2022

You understand that a crash isn't the same thing as a bubble?

And what has anything got to do with "pension funds losing 50% of their assets"?

I think if we learned something here it's that seafoid doesn't understand economics or the market and needs to get off twitter

[MrsBinfield]

It's the Trump-esque nature of it that is laughable.

Say outlandish things on a subject matter where your expertise is of the pretend variety, throw out some numbers, don't engage in a genuine debate, double down when caught out and never ever admit to being a wrong.

[93-DY-SAM]

It's the Trump-esque nature of it that is laughable.

Say outlandish things on a subject matter where your expertise is of the pretend variety, throw out some numbers, don't engage in a genuine debate, double down when caught out and never ever admit to being a wrong.

It is called the Dunning-Kruger effect - when a person's lack of knowledge and skill in a certain area causes them to overestimate their own competence.

[Hereiam]

Thinking of changing the car as its 15yr old with 210k on the clock.
Not sure what to do, try and run it for another year or bite the bullet now. What are the chances the Orangutan in the oval office causes a global recession 

[Baile Brigín 2]

It's the Trump-esque nature of it that is laughable.

Say outlandish things on a subject matter where your expertise is of the pretend variety, throw out some numbers, don't engage in a genuine debate, double down when caught out and never ever admit to being a wrong.

It is called the Dunning-Kruger effect - when a person's lack of knowledge and skill in a certain area causes them to overestimate their own competence.

I think this is more the twitter bubble effect. He doesn't question what he reads in his echo chamber and clearly can't defend it when he takes it into the real world.

[RedHand88]

It's the Trump-esque nature of it that is laughable.

Say outlandish things on a subject matter where your expertise is of the pretend variety, throw out some numbers, don't engage in a genuine debate, double down when caught out and never ever admit to being a wrong.

It is called the Dunning-Kruger effect - when a person's lack of knowledge and skill in a certain area causes them to overestimate their own competence.

I think this is more the twitter bubble effect. He doesn't question what he reads in his echo chamber and clearly can't defend it when he takes it into the real world.

There is definitely alot of that in the modern world from people of all political persuasions. Social media feeds are tailored to only show what you will agree with and interact with.

[seafoid]

Covid caused the crash in 2020

Inflation caused the crash in 2022

You understand that a crash isn't the same thing as a bubble?

And what has anything got to do with "pension funds losing 50% of their assets"?

Each Crash comes at the end of a bubble.They lose money in the crash.

[gallsman]

That's simply not true.