Could be. Though I have been keeping an eye on housing market more then anything. Because it really feels like we are the same path in some respects as where in 08. Houses seem to be being sold just after the for sale sign is put up and new houses seem to be going up all over the place. I'm wonder when things are going to shift and people end up the asking price for a house that is worth several thousands less then the asking price. All leading to many houses going right back on the market due to being foreclosed on. Finishing with the big to fail banks being bailed out and tax payers being handed the bill for the bail outs.
I can't help but wonder of a lot of the "I'll buy your house for cash" commercials lead right back to the too big fail banks that where a big part of the crash in 08. I mean look at a bank like Wells Fargo history leading into the 08 crash, during the crash and many years after it. Seems like breaking Fargo and the other too big to fail banks up is a really, really good idea and should have been done back in 08. Sure freedom and all of that. But our freedoms don't really give any company the fight to obliterate our economy and screw every tax payer with a red and white dildo the size of a football field.
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2008? This is going to be 1929 part 2 if we don't make it quick to the definitive vaccine for COVID.
Actually, many countries got to such a level of economic crisis DURING one of the earlier waves. It's to be seen if this one will stick or we can quickly get rid of it.
So what you are saying is that it will be a good time to buy stocks soon?
Yep we all be going to hell now.
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The stock market is reactionary to what is happening around the world. When not much happens it goes up. But right now we have China and Russia preparing to take over Taiwan and Ukrain. We folded to the Taliban and let them take our stuff. Bidens making us look weak and see what happening?
Obviously not. The market goes down because of a new covid variant. This means there’s not a fundamental issue in the economy, just slightly worse economic outlook. This is not even remotely comparable to the financial crisis of 2008.
The lira is losing value because Erdogan is dumb.The landscape is different this time around. There are similarities though. We have a housing bubble that is about to burst. Interest rates will rise exacerbating the problem. I think if the democrats can ram their 4 trillion giveaway through congress it may prop up the market little longer.
The stock market crashes every few years but overall and over time rebound and improves which is why people invest money in it for long term growth.
I'm hearing a rebalance is due but noone knows when. Maybe as you say, it's already here.I got beer, whiskey and vodka to drink as I watch everything disintegrate.
It’s probably temporary, still waiting for housing market to readjust though
You seem to look forward to calamity. Life hurt you that bad?
Hope so, cheap buys. It always comes back
Stocks are down 2300 in last 4 days
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