Comment on Global stock markets are too high and set to fall, says Bank of England deputy
fira@lemmy.today 2 weeks ago
We keep seeing these articles & so far it keeps not happening, but eventually the system has to collapse, right?
I think its a bit scary when an official person from Bank of England is saying it. But yeah, we will see. I think Trump is creating a global crisis right now and if that doesnt affect the stock market, I will be very surprised.
A crashing stock market is normally what comes before a huge depression.
I’m sure we’ll all be burning to death before the manipulation stops or crashes
realcaseyrollins 2 weeks ago
The bubble will pop at some point, but I don't think much will happen until housing is massively disrupted, like there are mass foreclosures, evictions, or failures of the companies giving out housing loans.
We could have received a necessary correction if we didn't give out stimulus checks during COVID-19, but that would have hurt politicians' popularity, and probably wouldn't have many them many corporate friends either.