We've been overdue for one for years now. Market fundamentals haven't improved at all. The only reason this bubble has been kept going is that the Fed has been pumping money into it with record low interest rates. When interest rates rise the bubble will pop and the bottom will fall out. Or it could even happen without a rise in interest rates because the market is overpriced.
This crash will be particularly bad because the asset bubble has been kept going for so long and interests rates are so low that they won't be able to be lowered effectively to help with recovery. With boomers reaching retirement age they're going to see their 401ks evaporate. The reason this bubble has been kept going for so long is to protect Obama's legacy. Can't have two economic crashes during the first nigger presidency.
You can be guaranteed that Trump will be blamed and nationalism will be blamed. Media will go into overdrive to drill it into people. It's coming and nobody can stop it and Trump won't be able to stop it. The only thing that can stop the crash is if some new revolutionary technology is produced that leads to real growth rather than speculative growth. That's doubtful to happen.
The first thing Trump will do when he gets into office is begin rising interests rates to pop the bubble earlier rather than later. You can expect a crash shortly after Trump is in office if it doesn't pop before then.
Jacob Bennett
When Trump fixes the economy won't it be all fucked up for a while?
Jace Hall
The effect of the policies Trump wants to implement are too uncertain to predict. And the benefits of those policies will only be seen in the long term. Short term they will hurt because the economy is so reliant on cheap imports and illegal labour.
The US economy has been so fucked and gutted of anything productive.
Sebastian Jenkins
Are we talking 08 or great depression?
John Perez
Did any of you pay any attention the the market today?
Gavin Gray
It'll be worse than 08 because of three reasons. This bubble has been going on so long that the market has no idea what the real value of assets are and interest rates are near rock bottom already so they can't be lowered much. Lowering interest rates during a recession is tremendously helpful because it's basically like pumping money into the economy. And the bubble during 08 was mostly isolated in real estate and related markets. Today's bubble is across the board on all assets not just one particular market.
As for whether it will be as bad or worse then the great depression there's no way to know that.
Connor Thomas
And interest rates are kept low for political reasons not economic reasons. If the Fed gave one shit about the economy they would have begun slowly raising interest rates in 2011. If they had done that the recession would have already came and be mostly over with by now.
Instead the Fed has been delaying raising interests rates and releasing statements they'll do it the next quarter for about 5 years now. Then when they next quarter comes they'll release a statement that market fundamentals aren't good enough to raise rates yet they'll do it in two quarters. Then repeat that every year for 5 years.
Jacob Jackson
Nasdaq down a little. DOW and S&P 500 are up.
That horrible instant market crash after Trump's win was short lived. By the next day stocks were more or less up or back to normal. Bitcoin also surged only to come back down in less than a day.
I don't know if this is due to the Chinese kvetching or because the Plunge Protection Team came to the rescue. We can't have a crash during Obongo's last months in office now can we.
The economy crashing with no survivors is inevitable. We have essentially put a bandaid over an infected wound. It must get worse before it gets better. The question is when? My guess is after Trump gets in as OP has said.
Absolutely. What I'm confused about is what was the Feds plan if Hillshill got in? Were they going to blame the economy crashing on a war? Was the war supposed to save our economy? I don't see how the latter is even possible given that we have a fraction of the production we used to on our shores. Certain investors would have been ok but the majority of the population would be at the breadlines.
Brandon Roberts
Flood the country with 80 IQ shitskins to tip the scale and blame Republicans. The same thing they always do,
