capitalism
Out of context: Reply #990
- Started
- Last post
- 1,325 Responses
- shapesalad1
2022 or 2023 - The bubble of E V E R Y T H I N G is going to crash big time...
S&P will fall 55%
Confluence of demographics: USA Boomers retire in 2022 and stop contributing, start withdrawing. Cost of capital will go up - borrowing will be expensive.
+ Fiat printing + quantitive easing since 2008 + credit mess in China (the most over credited country in human history in absolute and relative forms, massive credit bubble) + cost of energy, etc...
Expect dead cat bounces. Bounces up will be bigger in a crashing market than up days in a bull run. Tread Carefully.
BTC, 3 possibilities:
1 - Crash big time - then grind upwards until it becomes the reserve to which fiats or energy is pegged to.
2 - Or fizzle out.
3 - Or less likely, not crash and absorb cash getting out of the giant fiat bubble.
- Anyway, move to cash asap.shapesalad
- Wait, retirees only get one year to do so?
When's the next one?Nairn - Demographics - look it up. Looots of USA boomers are retiring now.shapesalad
- He's been calling for a crash for so many years it's hard to take anything he says too seriously.formed
- That said, down 50% is not impossible. There are going to be some great opportunities.formed
- Crypto will near-vaporize, though, as it was all euphoric gambling, based on empty promises, exactly like the dotcom bubble.formed
- S&P at 3000 is completely reasonable. DOW below 30k, etc., etc. Get your shopping list ready! Hope you put some cash aside a few months ago :-)formed
- This almost seemed interesting, then I saw the "crystal ball graphs" and you instantly know its horse shit.toemaas