Posted on 10/30/2025 7:54:25 PM PDT by JV3MRC
Despite all the media pseudo savants’s end-of-the-world predictions about the Trump economy falling flat on their faces, MSNBC is still out there banging pots and pans over an incoming Great Depression-era crash.
MSNBC The 11th Hour host and economic dunce Stephanie Ruhle brought on CNBC Squawk Box co-anchor Andrew Ross Sorkin October 29 to hawk his new book 1929: Inside the Greatest Crash in Wall Street History--and How It Shattered a Nation.
The book served as a pretext for Ruhle to get Sorkin to draw parallels between the speculative market euphoria of the 1920s before the disastrous October 29, 1929, “Black Tuesday” crash and the current roaring stock market under President Donald Trump. “Today, the parallels between what was happening then and what’s happening now is quite remarkable.” Ruhle giddily urged Sorkin to his Armageddon scare-porn: “Explain because we all forget history.”
Ruhle’s segment was dubbed: “Shadows of 1929: Is the Trump economy on track for a crash?” Oh barf.
MSNBC had enough trouble trying to ridiculously connect Trump to Hitler in 1933. Apparently that didn’t work so they had to go back a few more years to the crazy speculators of 1929. Talk about flinging spaghetti at the wall and hoping something sticks. This is just as nutty as when CNBC Mad Money host Jim Cramer implied a 1987-style “Black Monday” crash was on the immediate horizon back in April due to Trump’s tariff agenda, which, of course, never panned out, because Cramer is routinely wrong.
(Excerpt) Read more at newsbusters.org ...
It must being going the other way if msnbc is predicting a crash.
Wishful thinking on the part of the Communist Shill network.
They really DO want the USA to collapse.
Again? What doe Jim Cramer say?
A bunch of people sell stocks in March to have money to pay taxes by April 15th. Such selling causes the Stock Market to fall. Sort of like the weather. Happens every year.
If MSLSD says we are headed for trouble, I believe the future is brighter than ever!
Wow! So they’re Billionaires?
Because anyone who can consistently predict the market should be one.
after the arrests start, there will be a slight correction… then, 55,000 dow.
The AI shell game will not end well on Wall St. But Amazon and Apple will land on their feet. Solid, smart, cautious investments from both companies.
If there is going to be a crash in the near future, look no further than Obama/Biden and runaway spending.
The safety valves that are in place today make the comparison utterly stupid. Also, the Crash of ‘29 was in large measure a house of cards where everyone bought on margin. It was the avalanche of margin calls that snowballed into a momentum that could not be stopped. Also, the current run-up in the market is fueled mainly by the growth of AI. I expect this to taper off and the DJI to fall back some, but the distortions that triggered the Crash simply are not present.
They said the same thing 10 months ago.
1)We no longer fear runs on banks causing depressions.
2) aggregate demand simply cannot crash like it did after 1930 because the public sector is so much bigger and all sorts of government programs prevent aggregate demand from crashing, ie food stamps, welfare, Social Security, Medicare, Medicaid, unemployment insurance, depositor insurance.
3) people don’t put all their savings in banks anymore. In the 1930s, Smoot-Hawley passing the House and Senate led to stock sell off, but then after the trade war started, a series of bank failures tied to collapse of trade took peoples’ life savings with them.so they had no money to keep up aggregate demand in the economy, then desperate banks foreclosed on farmers, people who could not keep up their payments on what they owed, as prices collapsed. FDR and Hoover policies often made things worse.
4) we’re not really worried now that global trading will grind to a halt, not afraid people will lose ability to stay afloat. People have wealth, the public sector is huge now, .
Hard to imagine the sort of panic that possessed people in 1929-1930....hard to imagine income tax will be hiked from 25% to 65% and then 90% , like what Hoover and FDR did.
No a crash is coming just many of the Trump believers can’t see it..Blinded by the light...
It is not clear that the article is talking about an economy crash versus a stock market crash. They certainly are not the same thing.
But in general, as an overriding reality, Ben Bernanke has opened Pandora’s box and there’s no closing it. Anytime things do not look the way you want them to look you can just create money out of thin air and change reality. When you have infinite money it makes no sense to think in terms of economics. The substance is. infinite and it is created from nothing
First there has to be a US Stock market correction, especially among the Tech stocks at some point.
Second there is a world sovereign debt crisis that will cause chaos in world stock market. It should be noted that most of the S&P 500 stocks have major international revenues, so if the economy collapses in other major countries it will hurt our stock market.
European sovereign debt is a house of cards and some believe that Europe needs a major war to distract their citizens from a default that is likely. Same is true for Russia, China and a host of other countries. If you look closely at the various USA States, about half of them are not financially sustainable. That means in the not too distant future they could default on their public debt. Then you have a huge number of cities in the USA that are hanging by a thread from going bankrupt. And neither the States nor the federal government will be able to bale them out. Finally, you have the federal government of the USA that has a real debt problem and unless it cuts spending drastically will have a borrowing problem that could tank the USA economy.
And our federal government is becoming dysfunctional to a greater degree every month.
MSNBC has been right about everything so far...🤣🤣🤣🤣
“Wishful thinking on the part of the Communist Shill network.
They really DO want the USA to collapse.”
The Democrats, by blocking the CR are trying to damage the economy. Transitioning from a print money and spend government economy, to an actual production based model is difficult. They are trying to crash the transition, and create 1929.
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