Federal Reserve Chair Jerome Powell‘s alarming statement from today:
„THERE WILL BE BANK FAILURES!“
(twitter.com)
💥 BANK COLLAPSE 💥
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I remember some regional bank failures in recent history. I can't remember the effect on the total market. I know the S&P is way up since then. When it the freaking crash coming?
In the film "The Big Short", Dr. Burry was going nuts in late 2007 because the market was doing the same as now. Loan deliquencies are way up across the board now and the the stock market is inflated with fiat $$.
SOON!!
Good point. I only watched that recently. He could see it but the market wasn't behaving as he expected. Then it finally happened.
I've been expecting a crash since last year. Just waiting and waiting. I guess I'll keep waiting. But it would be helpful, I guess, if I could confirm my suspicions. I'm not sure where to look.
I know that locally I'm seeing neighbors try to sell their homes, only to have to slash the price. One home nearby allegedly appraised for close to $1 Million, but they're selling for just under $900,000. I don't think they're going to see success. Though, I wish I had the money to buy the house!
The sequence is obfuscated by the manipulators of the stock market, the micro bidders using their fancy computers. Your discernment is giving you hints and put enough dots together, you will see it clearly-as to that $900K home-wait till after the fall of night-terms will be more humane.
If you ask me, I would think it's going to be this year.
I would think so too, but then I think that maybe they'll want to prop Sleepy Joe up by having the economy power through election season?
Don't think they have that power any more. Too much has been taken from them. Have you seen the gas price and groceries recently?