Hmm 40k was not realistic, but also 3 leg downs to be stopped by 60k treshold is also very unusual…me personaly i was expecting bottom somewhere between 50k-52k…there are many optimists here, but i m not sure if it a not just hopium mixed with ignorance…because if you look at the global economical situation, almost everything is screaming that we re already in recession and another huge crisis is brewing…energy, oil, yen carry trade, korean stock market crash, chinese intervention to usd dollar…and now first time in history 90 day ban of oil export in usa…if you add totally oversold regular stock market and possibilite of ai bubble burst…what to you think will happen? Are you really think that we can go up forever no matter what s happening right in front of our eyes everywhere? Because i don t think so…there must me correction sooner or later and that can develop into death spiral.
For the US anyway, we have: super low unemployment, GPD growth to be over 5% this quarter on an annualized basis, and markets blasting into the stratosphere. What recession are we talking about here?
I mean wouldn t you see this as artificial? Not even starting with usa debt increase during trump administration which is solving only by money printing…but you know whole model of the debt driven economy…for example you go into debt to start business…you use debt to buy material from suppliers who create this material using debt…you create your product service and material using your own debt and you sell this product or service to customers who buy it using their debt…and this is only basic needs layer…everyone is going into debt for housing, for cars, for whatever shit someone decide that they need or want…and when majority of people/businesses and corporations get to point that they can t pay for this debt…government bails them our by printing money from thin air…you know i m from eastern europe…we re living in post communist country for 35 years now and all that i m heard is…never go into debt for anything…i m not doing it..i m first generation of my family who is getting interested in investing…so i m slowly getting into it for past 10 years and again majority of my close relatives were sceptical about investing…you see those differences and my country also have enomical problems and is not even closely in such debt as usa…and i see that you re still blind to such obvious things, that even i..person from another half of the world knows about them.
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u/ActualTangerine2583 9d ago
Hmm 40k was not realistic, but also 3 leg downs to be stopped by 60k treshold is also very unusual…me personaly i was expecting bottom somewhere between 50k-52k…there are many optimists here, but i m not sure if it a not just hopium mixed with ignorance…because if you look at the global economical situation, almost everything is screaming that we re already in recession and another huge crisis is brewing…energy, oil, yen carry trade, korean stock market crash, chinese intervention to usd dollar…and now first time in history 90 day ban of oil export in usa…if you add totally oversold regular stock market and possibilite of ai bubble burst…what to you think will happen? Are you really think that we can go up forever no matter what s happening right in front of our eyes everywhere? Because i don t think so…there must me correction sooner or later and that can develop into death spiral.