I know which way I would vote. The stock market has flown past nosebleed altitude at Mach 1. What goes up will come down. I just hope it isn’t a complete collapse.
The stock market is hitting record highs, which is nice for people who are already rich. Meanwhile, American life expectancy just dropped again for the 2nd year in a row, which tells you how the rest of us are doing.
Industrial Revolution 3.0 is going to occur in this century, and when it does, the Great Depression will look like nothing. Unemployment will be 40% or more, US Poverty will be 80% or more, and the worst irony will be that the technology that brings about this disaster could also have wiped out all poverty across the world.
Just remember, I predicted correctly ( unfortunately ) two years ago, a tRump Imperial Presidency, and I predicted, last year that February would experience a market crash to rival 1929. Sadly, there’s nothing that indicates that this won’t happen. All of the economic and social factors are in place to cause exactly such a disaster this year, prior to mid-term elections.
Why next month ? My choice wasn’t as capricious and arbitrary , as you might think. I will simply point to the situation facing us today. Even if another temporary stop gap band aid is approved ( which I doubt Emperor tRump will sign ) between the over-inflated market and the financial chaos created by Congress, the cannon is primed for an explosion not seen for almost 90 years.
not sure about economy collapse: if it was that, then they may have placed some railings and made the planks a bit longer, so the splatter gets as far away from the walls as possible; or maybe they just trowed the towel and don’t care if the walls get splattered all over
Right now there has been a global bull market for several years and if it follows typical cycles it will have a number more years on it, BUT there will be corrections and one could happen any time now. Meanwhile, there ARE things which add greater instability to markets. One of those historically has been the concentration of high levels of wealth in a small portion of the population and we are back to 1929 levels for that. Another is extreme pressure on essentials such as the Dust Bowl provided and there are portions of the agricultural economy here currently under pressures from large industrial farming, and weather or climate related events. Yet another thing which adds instability is insufficient regulation, and another is rapid trading instead of high portions of long-held investments. So, despite the bull market cycle still being in early years there are definitely vulnerabilities that can not be ignored.
Adiraiju almost 7 years ago
Time to scuttle things.
Bilan almost 7 years ago
- or – it’s for employees that don’t embrace the new image.
Dtroutma almost 7 years ago
Watching the market behavior and thinking 1929.
oldpine52 almost 7 years ago
Does anyone else remember a Monty Python short about corporate raiders?
somebodyshort almost 7 years ago
Tax cuts can’t help if you’re not making a profit
Superfrog almost 7 years ago
Either way, the swash is likely to be buckling.
danketaz Premium Member almost 7 years ago
I suppose it depends on who has to jump.
wiatr almost 7 years ago
I know which way I would vote. The stock market has flown past nosebleed altitude at Mach 1. What goes up will come down. I just hope it isn’t a complete collapse.
keenanthelibrarian almost 7 years ago
Either way, it works.
sandpiper almost 7 years ago
Hm-m-m-m Waiting for government shut down?
himbear almost 7 years ago
…. when a banker jumps out the window …. jump right after: there must be money to be made on the way down
Masterskrain almost 7 years ago
The Economy collapse is coming, and sooner then you might think.
tripwire45 almost 7 years ago
Or they’ve converted the street below into an Olympic-sized swimming pool. Sorry. Thinking outside the box.
David OBrien almost 7 years ago
A rising tide lifts all boats; but, if you don’t have a boat, it’s sink or swim all over again.
Richard S Russell Premium Member almost 7 years ago
The stock market is hitting record highs, which is nice for people who are already rich. Meanwhile, American life expectancy just dropped again for the 2nd year in a row, which tells you how the rest of us are doing.
falcon_370f almost 7 years ago
Industrial Revolution 3.0 is going to occur in this century, and when it does, the Great Depression will look like nothing. Unemployment will be 40% or more, US Poverty will be 80% or more, and the worst irony will be that the technology that brings about this disaster could also have wiped out all poverty across the world.
Linguist almost 7 years ago
Just remember, I predicted correctly ( unfortunately ) two years ago, a tRump Imperial Presidency, and I predicted, last year that February would experience a market crash to rival 1929. Sadly, there’s nothing that indicates that this won’t happen. All of the economic and social factors are in place to cause exactly such a disaster this year, prior to mid-term elections.
Why next month ? My choice wasn’t as capricious and arbitrary , as you might think. I will simply point to the situation facing us today. Even if another temporary stop gap band aid is approved ( which I doubt Emperor tRump will sign ) between the over-inflated market and the financial chaos created by Congress, the cannon is primed for an explosion not seen for almost 90 years.
redback almost 7 years ago
not sure about economy collapse: if it was that, then they may have placed some railings and made the planks a bit longer, so the splatter gets as far away from the walls as possible; or maybe they just trowed the towel and don’t care if the walls get splattered all over
Honorable Mention In The Banjo Toss Premium Member almost 7 years ago
The new downsizing apparatus. No more escort by security, (we’ve downsized them, too) and we want to keep the stuff that’s in your desk.
SukieCrandall Premium Member almost 7 years ago
Right now there has been a global bull market for several years and if it follows typical cycles it will have a number more years on it, BUT there will be corrections and one could happen any time now. Meanwhile, there ARE things which add greater instability to markets. One of those historically has been the concentration of high levels of wealth in a small portion of the population and we are back to 1929 levels for that. Another is extreme pressure on essentials such as the Dust Bowl provided and there are portions of the agricultural economy here currently under pressures from large industrial farming, and weather or climate related events. Yet another thing which adds instability is insufficient regulation, and another is rapid trading instead of high portions of long-held investments. So, despite the bull market cycle still being in early years there are definitely vulnerabilities that can not be ignored.
RonBerg13 Premium Member almost 7 years ago
Wow…It seems as if all of you people want the economy to fail.
washatkc Premium Member almost 7 years ago
So sad your hate for Trump makes you hope for the economy to tank. Says a lot about you. None of it nice.