This Strange Market Anomaly Only Happened Twice Before And It Didn't End Well - Episode 1292a
6 million people will be coming off of bankruptcy since the great recession and the central banks hopes they will borrow to spur the economy. JP Morgan sees no growth or employment as the economy collapses.In 1999 and 2006 we saw an anomaly that signaled the collapse of the market, we are seeing it again. Hedge fund manager says the market is to risky and decided to return all investment money to the customers. The next market crash will be blamed on Trump even thought the central bank is the real cause of it.
As one of the 6 million who had to file bankruptcy due to the crash of '08, I can definitely tell you I am not rushing out to go into deep debt. I am finally getting my credit score up, and have opened a few credit cards just to use for the cash back and points, and never carrying a balance.
I will not buy a house now, after having been through one crash, and seeing the same signs. Besides, housing prices are sky high right now. Instead of debt, I am saving up in cash, gold and silver, and bitcoins. When it all comes down, I'll buy a house for a fraction of the cost now.
Here in the UK we had to put house up for sale in 2009 after only 8 years of being a home-owner. We only just managed to sell without going negative, 8 years virtually wasted. My wife wants to get back onto the housing ladder again now (been living with in-laws since March 2009) but I'm struggling to warn her off with all these bubbles. Any hoo, I've been following you for about 3 years now Dave on YouTube and I always find your videos to be informative and no-nonsense. Thanks, Rob.
Make sure you wait! let this housing bubble pop.. It will pop they always do, then you can get a decent house a good price, save a 100,000 euros easy.
i love it when you tell us about market anomalies that are not good makes me feel all warm inside hehe