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Started By
Message
re: The Crash Will Blow Everyone’s Mind and It Starts Right Now 5/18
Posted on 5/18/22 at 3:26 pm to Ace Midnight
Posted on 5/18/22 at 3:26 pm to Ace Midnight
quote:
this could be, roughly, the bottom
Not even close
3
Posted on 5/18/22 at 3:27 pm to Strannix
This is frightening
Posted on 5/18/22 at 3:28 pm to Strannix
quote:
quote: this could be, roughly, the bottom
Not even close
This is what I have been warning about that folks have said was so wrong for so long: “Once the market loses faith in the Fed it’s game over.”
EVERYTHING since 2008 has been “papered over” by the Fed and corporate buybacks. Full stop.
If folks want to focus so much on what I said years ago instead of protecting their capital through this then I can’t help em’.
This post was edited on 5/18/22 at 3:33 pm
Posted on 5/19/22 at 7:09 am to Strannix
quote:
Not even close
Yeah, I posted that, what, 20 hours ago?
This is a level of volatility seen only in an acute crisis. I guess, to a degree, all these chronic things in the current stack add up to an acute crisis.
Problem with "chronic" issues - they're usually difficult to correct immediately. Getting cheap money out of circulation and making savings actually pay might be painful at first, but is probably the best intermediate step. Problem is - with inflation at these levels, even a modest return on CDs is losing to inflation.
And the masses will cry out for more free money then. We call that, "Doing the Venezuela", which is no bueno.
This post was edited on 5/19/22 at 7:10 am
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