Quote:
Originally Posted by Bladewire
The stock market tanked today and lost all it's gains since Jaunuary 5th.
1,400 points gone in 2 days and economists saying today that recession begins 1st quarter of 2019
Ford announced 24,000 layoffs yesterday due to losing $1 Billion from Trump's steel tarriffs.
Oh and Kanye went nuts on TV again
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Is that an insinuation the stockmarket plummet cause of Trump? It has 0 to do with Trump. But a recession is underway and there's not much to do than prepare and make sure landing is as soft as possible.
The financial system thrives on people consuming goods and countries need a never ending growth of the economy. The problem in our decadent modern society and the 0% interest rate situation for past years is that people over consume and getting in massive debt.
This is a risky situation cause if too many are in too high debt there wont be a soft landing when recession hits. It could turn out to be an ice shower when people eventually see the interest rates go up and sitting on big loans.
The more citizens affected the harder the landing and add layoffs to the mix and real estate losing value and a depression is underway.