Hey guys, so I work for a small financial services firm. We basically do consulting, sell insurance, and also broker investments into mutual funds.
I work here as a student, mostly helping in back-office, IT and book-keeping sort of tasks.
So the investment department here is new, it was brought in by this one guy who actually used to work as a trader at the DAX. (German stock exchange)
I was talking to this dude today, and he was spelling doom and gloom: Rising interest rates, defaults on government bonds, hyperinflation, currency-reform (EU-fag here), desperate governments enacting wealth tax and gold-bans, recent stock scare last two weeks was only preview, this will be much much worse than '08, and so on and so forth... all because banks have "manipulated the market and printed too much money", and people will start to speculate against this.
On the train-ride home, I saw some guy reading a magazine, and the headline said something about "big big crash, no later than 2020".
I don't care about the synchronicity of this happening on the same day, but I'm just wondering, do you guys notice the same sentiment among the people you know, especially people in finance?
Also, this dude wasn't some drunk guy at a bar saying "its all gonna crash dood", he actually traded at the exchange in Frankfurt, I can only imagine, big, big positions. He also talked about how fucked it was and how much money people lost in 2000 and 2008.