Anybody else still assuming that the the stock market and economy need to crash under Biden as part of the destruction of the deep state? Maybe I misunderstood that?
Anyway, if this country's economy and the stock market are supposed to be pieces of the precipice (which is a theory, not a fact), then they're not really playing their part.
But even as I type this, the commercial real estate bubble-popping moment is supposedly hitting the big banks hard, and it is it going to have a ripple effect soon.
Other black swan triggers?
Interest rates have been rising for the last couple of years. Very high probability there will be a crash and burn. On a mortgage of $500k, an extra 5% is $25,000 per year. On top of that there is inflation (food, gas, etc.). Many people are struggling. The stress test for many individuals have most likely peaked or have passed. $hit will hit the fan. When tightening of lending occurs, bam. It is going to be very ugly…imo. Unfortunately, people need to feel this impact. People had it so good under Trump. We will see what arises.
Trump cautioned that the U.S. economy could enter a downturn like the Great Depression of 1929. Late information showed that expansion in the U.S. rose 8.6% in May from a year earlier, the most elevated rate in forty years…………Sauce……. https://www.thecoinrepublic.com/2022/07/25/donald-trump-says-us-economy-is-facing-much-bigger-problem-than-recession/