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'Crashes' aren't a GFC.The closest thing to the GFC was fhe...

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Tarvold

18,482 Posts.

1202

30/07/23

16:26

Post #: 69062977
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Originally posted by breadwinner1: ↑

Actually we had a crash in 1987, 2000, 2008, 2020.
So they happen more frequently than you suggest.

The US markets are overpriced, due to AI mania, with 7 mega stocks doing all the lifting.
The yield curve has inverted more than previous recessions, going back to 1980's.
Government, company and consumer debt are all under pressure due to rising interest rates.
Seems to me we're hanging by a thread, just waiting for a systemic event to occur.
Nvidia earnings, inflation resurging, a bank collapsing.
Yes bubbles can go on longer that anticipated, but it will come crashing down.

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'Crashes' aren't a GFC.
The closest thing to the GFC was fhe great depression in 1929-30.
We'll likely be dead before another GFC like event.

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