Hitting the Financial Precipice
ARE WE THERE YET?
Seems like a good bulk of the US population is approaching the financial precipice. Been reading how health insurance (for people lucky enough to enjoy) have increased 3-5 fold with employers in 2024. The cost of everything becoming prohibitive. Massive layoffs. The media adds salt to the wound by touting strong metrics.
Painful awakening for many.
I’m thinking the same. No way the people close to and in retirement will wake up in their twilight years until their pension funds are wiped. Naked shorting, FTDs, floats sold multiple times over, banks hiding their panic, the list goes on. Every bit of the economy will be affected. I suspect crypto will crash once the public has bought in and the institutions have cashed out too. I’m hoping meme stocks reverse direction when this happens so there is a chance to soften the blow of a market collapse. Then gold will destroy the FED in the end IMO.