Babagounj
Strength through joy
But I only have 6 more years for it to grow before RMDs.
dow jones
- Thread starter Jkloc420
- Start date
UnionStrong
Sorry, but I don’t care anymore.
Apocalyptic
UnionStrong
Sorry, but I don’t care anymore.
Lot of jobs open
Maybe roll a little bit over to Roth while it's down?
Possibly 50% to 90% down. Not kidding.
UnionStrong
Sorry, but I don’t care anymore.
Maybe
It can go down real fast if people start panic selling
From everything I've read we may be looking at about 2 years of real pain. Expect it initially to drop 20-30% then over time to continue to drop. The bond market is in terrible shape, real estate is overvalued, and China is in big trouble too. Wish it were only just a stock market correction.
I'll just stay with my current allocation of 50% fixed and 50% stock
Wally
BrownCafe Innovator & King of Puns
Didn't the 2000 bubble burst go on about 2 years? Slow downturn?
2000 was a lost decade
I believe it was an 89% total drop if I remember right. We didn't have the debt issue, the inflation issue, and all the other issues we have now. A perfect storm is coming folks.
Jkloc420
Do you need an air compressor or tire gauge
They will only let the market fall so far then they will pump more and more money into the economy
It was doing fairly well after the Bush tax cuts but a number of forces came together to get the big downturn in 2008. Quantitative Easing has been going on since with it going into overdrive in 2020-2021. We're about to pay for that. There's too much money floating around and the Fed has two choices: ignore the problem and eventually see hyperinflation, or raise interest rates, which it has announced it will be doing, and crash the markets and even crash the government. Take real estate. Overvalued and mortgages are at very low rates. Raise the rates and people stop buying as payments will be even higher above already very high. That crashes real estate. Take the government. It's running on short term treasuries. Raise the rates to just 5% and the government will have to spend $1.5 trillion annually to just service the debt. And 5% won't be enough to tame inflation. Might need 15% or more. Only unlike in the 70's we have massive debt that isn't paid for with 30 year Treasury bonds. Do you see where this is going? We have a fiat currency(currency by decree, not backed by anything but a promise). Every fiat currency in history has failed and pretty much every time they failed it was because governments couldn't resist printing more to pay their debts and keep their citizens happy. Sound familiar? If our currency collapses we'll lose world reserve currency status and our currency won't buy nearly as much as before in overseas goods that we've come to depend on. Our government has been playing with fire for decades now and it looks to finally be coming to a head.
Nope, the Fed has announced they're going to start tightening the money supply. They don't have a choice due to inflation.
Mortgage rates have been rising and so has Treasury yields.
And China will keep manipulating their currency so it stays low so dollar buys more.
It's all big Ponzi scheme
