thommy

i love to hear amateurs explaining the economy and the stocks market.

did you honk see that the economy in the rest of the world have increased even MORE and they do not have a trump? how do you explain that ?

there are 2 reasons for this rise and only one have to do with trump:

1. the economy under obama went up after one of the biggest worldwide economic crises since nearly 100 years.

2. trump took all the security that such a crisis can never happen gain from the financial markets. so they are free and excited to play AGAIN with everbody´s money and when they crash - WHO pays it?

even when you and the other amateurs can not see it because you do not have any knowledge about economy - the next big crisis is already on its way. if you would be able to READ an UNDERSTAND the indicators you would even know WHERE it comes from.

this time it will not be the real estate sector what crashes first - it will be the car industry because a part of this hype is financed by private loans for cars.
these loans where given under exactly the same rules as they gave real estate loans.

one of the banks who is massively in charge of private consumer loans is Santander Consumer USA - go and look how THEIR rating is.

other than on real estate banks will not wait centuries and hold the risk to get their money back. a car is loosing value every day.
what will happen is, that they take all this used cars and sell them cheap. this again will have 2 other effects:

a. people will loan again on USED cars and not on other goods (no new production)
b. used cars will be so cheap that it makes sense to buy a new one.

and the following rest you hopefully can imagine.

as i said - i really LOVE it when people with no clue of economy explaining other how economy works.

btw. i made a "bit" money in the last crisis because i saw it also coming and earned laughs from amateurs like you :-)
but you know - who laughs last, laughs best

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