Submitted by Donerci-Beau t3_10px42e in wallstreetbets
PortfolioIsAshes t1_j6mvfgb wrote
Reply to comment by ChippyChalmers in HolyMoly, Samsung missed earnings HARD, especially on Chips. by Donerci-Beau
Yeah it was predicted by analysts from the start when people started overordering, but greed covered people's eyes as all they saw was golden opportunity to take advantage of supply and demand. Demand destruction will slowly take out the morons who took out loans to order excess supply, then the big corporates will start having problems selling too(eg. Samsung missing this hard). That's how we know we're on track for another global recession.
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