Originally Posted by
Aquaticus
Nope he is like wallstreetbets mixed with one of our regular trolls. He isn’t wrong but if you could predict the next downturn to even within a month of the actual date you would have a Sikorsky taking you to work every day. The devaluation of the dollar is going to continue and we as a country are making bold, brash moves with very little forethought into the long game. To call this uncharted territory is a bit of an understatement but these bold, brash moves generally have poor outcomes.
Well, I did get a phenom and am gonna upgrade next year in the crash.
Nothing new about this. This is how the monetary system works and has worked our whole lives. The dollar is stronger than pre covid. People are betting on the wrong things, and predictably so.
That's where the phrase "this time isn't different" comes from.
Wsb is a joke.
This has been known for decades. Max boomer retirement is 2025, and they are gonna get crushed. It's the snake digesting the debt bubble. Covid made it MUCH worse. We would have been in recession in 2020, but the money bazooka and fomo bought me a cheap used plane. 🤷
This is a Global problem. Our debt is everyone else's problem too.
The market is gonna skyrocket and suck in... The suckers, and then implode around February-May for structural reasons.
Homes, autos, lack of retirement income, unemployment, gig economy, tariffs, price inflation.
It's not one thing. It's literally everything.
Passive investing is the biggest bubble outside of China. Once liquidity runs out, expect a 50 - 80% crash.
People are investing trillions in speculative assets and ponzi schemes.
I called the covid bottom the same way.
Be careful when gold hits 44-4600
Cheers