This is beginning to look like the economic crisis in 2007-2008.
IIRC, it was in February. I was watching some of the Sunday news-talk programs. I noticed an eerie pattern. Guests on some of those program were from the GWBush economics and commerce sectors. They were all parroting the same theme: ‘The economy is in great shape. The economy is strong.’
I thought it strange that these guys were touting the economy when usually these news-talk programs were about politics and foreign policy.
About 4 months later the GWBush economy began to crash. As with the current economic disaster, they began throwing money at the problem with the multi-billion dollar bail-outs. One was The Emergency Economy Stabilization Act of 2008. [Sort of sounds like Biden’s Inflation Act.]
[This is beginning to look like the economic crisis in 2007-2008.]
Yep. I’ve been saying that 2008 will return again. Except that it will be worse this time around.
You’ll know it’s over when Jim Cramer comes out and says everything is good
PacWest bank not "failed" ...yet.