The only thing “Propping” up the Ecomony right now is the “Propaganda Bubble”....
It’s been fiat for probably my entire lifetime. I don’t know if we are near the abyss or not, but we are not the first country to tank and will certainly not be the last. Nothing but are greed and liberalism to blame.
bump
That and the near-zero interest rates on savings. When one sells stock, they have to pay capital gains, so they don't have the full amount for themselves. And what they do have brings in no interest on savings. Besides that, they lose out on dividends. People feel trapped and have decided to "sell" when the prices start declining.
Only.....SURPRISE....the big boys will know ahead of time when to burst the bubble and they'll take their profits. For the rest of us, prices will drop like a rock before we can even get a bid in.
The thing is, the ptb want it that way. Otherwise, CDs and other safe savings would be paying 1% now, 2% soon after. That's the only way to gradually deflate the bubble.
Exactly! CNBC and the WSJ!
We never left the 2008 recession. Now we are going to devolve into a depression. It will happen over time but escalating as it moves forward and made worse by the destructive commie in the Whitehouse.
If you are not prepared use the short time left to get stocked up.