Unfortunately not. This will be quite unlike the 2008 crash, or the 2000 dotcom bust. It is MUCH more serious than either of these two.
The key difference is the leverage, there is a circle where the suppliers are highly borrowed, and their sales are to companies that are borrowing to buy it. This has a huge knock on effect as the companies in question are a massive slice of the key indexes which means everyone’s pension/401k/super is invested in index funds as the “low risk” option - when the index tanks, the pension funds tank which means the general population are looking at massive drops in wealth. There’s also a bunch of knock on effects
What’s worse is that the current Fed board are on record saying interest rates will go up to control inflation and they’re not going to support the market ( a la 2008) which puts even more pressure on them. The current US govt has flagged in a million ways they are economically incompetent so don’t expect any smart decisions there
There is a very very real probability of “The greatest depression” or the the great depression 2 boogaloo.
No, this is more like the 2008 financial crash, where the underlying problem was pervasive fraud and regulators turning a blind eye.
Unfortunately not. This will be quite unlike the 2008 crash, or the 2000 dotcom bust. It is MUCH more serious than either of these two.
The key difference is the leverage, there is a circle where the suppliers are highly borrowed, and their sales are to companies that are borrowing to buy it. This has a huge knock on effect as the companies in question are a massive slice of the key indexes which means everyone’s pension/401k/super is invested in index funds as the “low risk” option - when the index tanks, the pension funds tank which means the general population are looking at massive drops in wealth. There’s also a bunch of knock on effects
What’s worse is that the current Fed board are on record saying interest rates will go up to control inflation and they’re not going to support the market ( a la 2008) which puts even more pressure on them. The current US govt has flagged in a million ways they are economically incompetent so don’t expect any smart decisions there
There is a very very real probability of “The greatest depression” or the the great depression 2 boogaloo.
We well see been hearing for awhile a nothing happens. Just like Canada’s house crash keep hearing about it for decades and never happened.