XJO - Bear Posts only (Factors which might cause the markets to fall), page-23441

https://abcnews.go.com/Business/wireStory/us-economy-shrank-05-january-march-worse-earlier-123226287

US economy shrank 0.5% between January and March, worse than earlier estimates showed


As we have been saying for a while its clear where the global economy is heading. No matter how they "massage" the numbers the recession is already here. Remember the "real" numbers will be a lot worse (they always are). Maybe that's why no one sees the crash "coming", as we are always get kept in the dark until its too late?

Markets are currently running on "hopium" or greed, nothing else at this stage. So anyone want to guess what happens when markets are this far divorced from reality? I would have said 2008 or 1987 but we are way beyond those now so clearly as I keep saying a crash worse than 1987 and 2008 put together looking at what our greed created?

I understand that retail believe government can simply spend their way out but looking at the chart above you can see exactly what I have been saying for sometime. Eventually your spending reaches a point where it no longer has an effect (diminishing returns). That is how every great Ponzi or pyramid scheme always ends which is what our market is.

P.S. Remember books will be written about the upcoming crash particularly on the psychology involved in how so many could blind themselves for so long, because of greed .