I really get the feeling that the economy is being artificially propped up at the moment and the key event I suspect they're being propped up for is the midterm elections. Post election, I feel like the cracks will start to show and we'll start to get a correction which will lead to a crash, similar in size to 2008.
That's just my feeling and it isn't necessarily backed on too much but significant amounts of resources have been poured into "AI" and I really don't feel the payoffs are going to pan out. Once that becomes the mainstream view, everything built around it crumbles.
I don't think midterms has anything to do with it. The USA is already at wartime/major economic problem level of deficit. For 2026 it's approaching $2T, if there is a decline in tax revenue it could go to 3+T easily. So they are doing everything possible to pump.
The Federal reserve doesn't have the balls to call it QE, now RMP, but same effect. Why anyone but the Fed is buying bonds longer than 1 year at these rates is beyond comprehension, but then again, so is TSLA stock price. The only possible future is yield curve control once people figure it out.
Western countries are in massive trouble. EU major contributors France and Germany are cooked. US is rapidly approaching a point where fixed expenses will exceed tax revenue, Australia and Canada have massive housing bubbles. Debt crisis is coming.
I sold nearly all of my stock earlier this year because AI sucks ass. It's obviously way over hyped and being pushed on everything rather than being pulled (I see you Microsoft). I bought some gold, need to add more now that short term rates have dropped. The only certainty is that I'm going to screw up and not make the right investments with my 401(k) and end up as a walmart greeter until I'm 85, if I'm lucky.
When this all happens, no idea, it will take a lot longer to play out than I want, but I'm expecting massive democrat gains in the next 2 elections. Any problem is going to be blamed on Trump, even though much of the above is decades in the making. Stopped by Sam's Club today on my way home from work and it was full of disgusting morbidly obese 3 foot tall latin women. It's fucking over very soon.
Of course all the problems will be blamed on Trump. It's always the classic problem we've been facing for decades. Even a total collapse won't change people's opinion. They'll say "if it weren't for Trump we never would have crashed". People are incapable, at a pure IQ level, to comprehend what's going on, which is why democracy is a terrible system.
The system can be fixed but I suspect they'll try all they can to avoid fixing it but also avoid letting it crash for another couple more decades or however long they can keep it going, which over the long term will cause far more harm than just fixing things or letting it crash.
Blame on Trump will be correct, though. He hasn't done a f***ing thing to fix any of the baseline economic issues, because a) hes a boomer and b) he continues to pick shitheads for staff
He thinks things are fine, and all his advisors are MMT acolytes who are feeding him garbage.
Medical costs are going to eat everyone alive in the next few years even if the economy doesn't crash harder than a jumbo jet from 41 thousand feet, and no one is willing to do anything about that, because D.C. is all bought and paid for by the medical lobby.
Correct. Trump's tariffs were right but he didn't cut costs (which is why Musk bailed on him). Costs need to be cut by 80% now but at the least they could have cut 10%. He expanded spending which was the worst thing he could have done.
The worst part about medical costs is people think the solution is tax more and spend more when it's literally tax less, spend less and let all the old people be unable to afford their care. They need to die.
Trump's tariffs were not right. If he'd just put tariffs on Chinese imports that would have been a good idea, but the way he did it was retarded.
It should be blamed on Trump. He failed at making cuts and actively increased spending for his Christian agenda.
MAGA:"Did someone say more birth subsidies?"