Just wait
Hopium
That’s the thing let’s say the economy collapses tomorrow; all these people would still be wrong. Most of them have been trying to short or time the market for years. Even a correction of 10-20% would only set things back to where we were at the start of this year for stocks, housing, and most assets, once you account for inflation, opportunity cost, and rents. They need a full-on financial meltdown just to get back to pre-COVID levels when many of these doomers first started appearing. Rebubble began at the end of 2020 they not only need a collapse in housing but also rates. Timing the market is a fools game. Dollar cost average over a lifetime is the only winning strategy.
35 trillion national debt??
Govt desperately propping up all markets. Bailing out failing banks. Teasing Handing out 25K to first time home buyers to keeep prices nice and high. Teasing student loan bailouts.
Now dropping interest rates
Everyones 401k depends on the govt pumping QE into them over and over in the trillions (4 times since 2008).
Wars, wide open border, inflation.
But everything is fine right?
Every economic “collapse” is different. This one is different than 2008. It’s more of a redistributing of wealth to the top and destruction of the middle class. Back to the Gilded Age.
5 comments
Just wait
Hopium
That’s the thing let’s say the economy collapses tomorrow; all these people would still be wrong. Most of them have been trying to short or time the market for years. Even a correction of 10-20% would only set things back to where we were at the start of this year for stocks, housing, and most assets, once you account for inflation, opportunity cost, and rents. They need a full-on financial meltdown just to get back to pre-COVID levels when many of these doomers first started appearing. Rebubble began at the end of 2020 they not only need a collapse in housing but also rates. Timing the market is a fools game. Dollar cost average over a lifetime is the only winning strategy.
35 trillion national debt??
Govt desperately propping up all markets. Bailing out failing banks. Teasing Handing out 25K to first time home buyers to keeep prices nice and high. Teasing student loan bailouts.
Now dropping interest rates
Everyones 401k depends on the govt pumping QE into them over and over in the trillions (4 times since 2008).
Wars, wide open border, inflation.
But everything is fine right?
Every economic “collapse” is different. This one is different than 2008. It’s more of a redistributing of wealth to the top and destruction of the middle class. Back to the Gilded Age.