Last week was awful for the stock exchange....
Do you guys think something like the 2008 crisis could happen again? The prophets of doom are talking about a 10 % correction...
by mikeflood 13 Replies latest social current
Last week was awful for the stock exchange....
Do you guys think something like the 2008 crisis could happen again? The prophets of doom are talking about a 10 % correction...
With the foxes watching the chickens, anything's possible. It's all cyclical anyway. If the Saudi's get pissed we'll have another 1973 oil embargo on our hands. Can't wait to see how that plays out.
There needs to be a 50% correction. It is cyclical and the U.S markets are extremely overvalued at present.
Yes - I've heard the same re/correction for over a year now - since last summer. It's always volatile.
Since the banks got absolutely no consequences for breaking the world the last time... of course it could happen again.
But what I think should be really interesting is to see what happens when the bans in Europe and China go into effect banning petroleum based vehicles. These should all be in effect by 2024 but China is in the lead and since they manufacture so many of the worlds cars... and they can't be manufacturing vehicles they have banned.... and since other countries are also joining the ban... well... it will be really interesting to see what those bans do to the world market in oil prices and how that effects the stock markets too. That's a game changer that most people in the US aren't even aware is looming on the horizon.
These things definitely go in cycles.
There hasn't been a recession since 2008, if I have that straight.
Yes, we started out very very low, but 10 years is an awfully long time for an up-cycle.
The massive corporate tax cut in the USA earlier this year probably only slightly delayed the inevitable.
It seems unlikely that the next recession would be as bad as 2008, but who knows?
What will be interesting to see is the effect it may have on our current POTUS' popularity.
IMHO, presidents get too much credit for booming economies and too much blame when things tank. But still, in the court of public opinion, the president is generally seen as the cause.
If there is a recession, a long one and/or a bad one, how much lower will Trump's popularity go? He's rarely cracked 40% even in a semi-booming economy. If people start losing jobs & homes, how low will it go?
well traditionally October has always been the month
The Dow Jones’s will go to 40000 in the next five years, not because of American good luck, it will be a reaction to low bond yields on an international scale. As central banks yields stay below the inflation rate the large money of the world will seek the the yields from public companies which have better accounting clarity than sovereign states. The investing world will become more concerned with the return of their money instead of return on their money.
Higher stock indexes are ultimately a reflection of where inflation is heading as well as total debt of a nation.