The Stock market and housing are still going up like everything is great out there. Why do I feel like I’m the only one that sees the cliff the economy is about to go over?
The Stock market and housing are still going up like everything is great out there. Why do I feel like I’m the only one that sees the cliff the economy is about to go over?
The Stock market and housing are still going up like everything is great out there. Why do I feel like I’m the only one that sees the cliff the economy is about to go over?
we are 100% heading for a crash. history agrees that has been result of debasing currency. the fed is buying all of the govt.debt. but it is very drawn out this time. we can only wait and see but there is no return to normal that's for sureThe Stock market and housing are still going up like everything is great out there. Why do I feel like I’m the only one that sees the cliff the economy is about to go over?
Anything is possible, but one of this countries strong points is that it can absorb some nasty blows. That doesn’t mean we will not fall on hard times, but the odds of recovering are very much in our favor.The Stock market and housing are still going up like everything is great out there. Why do I feel like I’m the only one that sees the cliff the economy is about to go over?
I think you are putting too much confidence and competence in the powers that be.I don't see any economic crash coming. Personally I think the world needs one for a reset on how things are done, but the powers that be have ways of rigging the system to prevent a big crash and they will just kick the can down the road.
If you look throughout history there have been ups and downs in all economies. Even after a crash there is no doubt it will rise again. My only concern is I likely have 10 to 15 years left in life. (No one has a crystal ball but I’m going on averages here). I would like to spend them in comfort over having to scrape by each day. I have scraped by at times in my life and know I am capable, I just would rather not.Anything is possible, but one of this countries strong points is that it can absorb some nasty blows. That doesn’t mean we will not fall on hard times, but the odds of recovering are very much in our favor.
I believe the enormous debt is the straw that will break the camels back here. Right now things are looking good because the govt is keeping everything afloat with buying bonds, passing out unemployment at alarming rates, loaning money to businesses, etc. the problem is we were over twenty trillion in debt before this happened. We are adding at least another three trillion to this and they are talking about even more in a second wave of stimulus. The fact of the matter is both political parties have been kicking the can down the road for way too long. All they do is blame the other party but neither one has done anything to address the runaway debt. I don’t think the world will stop turning by any means. People will still need to eat, get goods to survive and will still want some kind of entertainment. I just truly believe we have been at the top of our economic cycle and are going into a downward slide soon. I’m still in amazed shock that the markets are doing so well. Hey, I hope I’m wrong here. One thing I’ve learned with prepping for most of my life is it’s never a bad thing to be prepared though.I guess my first question is what do you consider an economic crash? There have been downturns. There always are; 2008, and the Dot Com bubble burst in the 90's were the most recent. They were painful; more for some than for others, but we survived them. It certainly was not the end of the world as we know it. We have just been through a period of almost unprecedented economic recovery, so things (the Stock Market) would likely slow down.
I am not trying to be argumentative, but for those who believe there will be a crash what economic indicators are you watching that influence your opinion? I look at housing starts, and the housing industry. That seems to be a good indicator or where things are going. What are you seeing that make you think there will be a crash?
I think a lot depends on the election. Depending on the outcome, things could be very good, or very bad.
Congrats on starting a business. I had semi retired when my son talked me into helping him start one again and it was the best thing I could have done. It has enabled me to comfortably retire in the near future. What kind of business are you going to be doing? I’ve been self employed most of my life.As someone who is in the process of starting a small business I believe that we should limit our reliance on major corporations in favor of the local business who are all to often unnoticed because of the monopolies that are held by the major corporations. Small businesses built our great nation and I believe that with proper support small businesses could save our great nation.
Congrats on starting a business. I had semi retired when my son talked me into helping him start one again and it was the best thing I could have done. It has enabled me to comfortably retire in the near future. What kind of business are you going to be doing? I’ve been self employed most of my life.
I’m an electrician. I have to carry around a whole van load of tools and supplies. I see IT guys carry in a small case with a couple screwdrivers and wonder where I went wrong..... lolI'm going to be working in IT (information technology) specifically computer and data network repair and maintenance
I have a feeling like this too. I actually started selling some of my stock this past week to have a little more cash on hand. I haven't had a lot of spare money recently since our hours are still down from what I used to work (hardly any overtime these days) and I feel like I really need a bigger buffer in case something happens.The Stock market and housing are still going up like everything is great out there. Why do I feel like I’m the only one that sees the cliff the economy is about to go over?
I’m an electrician. I have to carry around a whole van load of tools and supplies. I see IT guys carry in a small case with a couple screwdrivers and wonder where I went wrong..... lol
Right now I’m letting everything sit on the sidelines in an interest bearing account. The interest is a joke but at least I don’t have to worry about the market crashing. I’m just kind of waiting for something to happen here. I’m honestly more interested in other forms of investment than stocks right now. The Dow was the go to stable place to build a retirement for decades but I just see it as too risky right now. Having a readily accessible cash Reserve is always a good thing too. It is amazing to me how few people can handle the impulse to want to spend the cash they have on hand.I have a feeling like this too. I actually started selling some of my stock this past week to have a little more cash on hand. I haven't had a lot of spare money recently since our hours are still down from what I used to work (hardly any overtime these days) and I feel like I really need a bigger buffer in case something happens.
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