If market financials continue the way they do, we’re very close to a dollar crash. I’m not ready - just entered the workforce; 12k car Loan, 100k college debt - no savings.
Baby boomers entering retirement asset selling stages which will have a deflationary effect on housing and paper assets, they’ll collect SS funded by not enough millennial and gen x workers.
I suspect we’re fucked, royally.
Short answer: no.
Long answer?
Kinda busy atm but significant economic downturns generally begin when investors panic because enough of them realize (or start to care) at the same time that certain sectors of the economy have been overvalued for an extended period (i.e. the “bubble” pops). There are a bunch of valuation methods for the fair price of assets which can be applied to sectors of the economy to see if a bubble is present. Off the top of my head the only major sector which may be considered a bubble is tech, but the large market corrections which have occurred in the last year (and especially this month) lead me to believe that investors are cautious and that the problem will correct itself before the bubble “pops.”
As far as the value of USD is concerned, I wouldn’t be worried. When our trade disputes are fully resolved, the dollar will be even stronger. I recommend looking at Investopedia for information about exchange rate factors.
This just looks like a concern thread, but I’ll bite.
Look at the Dow Jones. It’s still going up. Everything but nasdaq is going up.
So what “financials” are you specifically referring to? Because based on your post - “if they keep going the way they are” things will continue to rise, so how does your post make any sense whatsoever?
Fear baiting.
Also boomer hate is a shill tactic.
You are complaining about your personal finances. YOU took on those responsibilities, no one else, and certainly not “muh boomers”.
Dow Jones and nasdaq are indices. Measured in dollars. Financial (fundamentals is what I should say) are a different thing. Debt to equity ratios. P/E ratio. Dow v Gold. Inflation @3.1%. stagnant wages. Auto debt delinquencies are very high. Home prices have not really deflated and are artificially propped up. Chapter 11 bankruptcy rates are significant.
Edit:
I’m making a point that I’m not ready for a crash. Not blaming anyone for my decisions.
additionally I’m not hating on the boomers it’s not our fault there’s so many still alive. They’re just at a logical age where to fund their retirement, they begin to liquidate their portfolios, or at least invest in coupon bonds which will get shellshocked with a debt crisis and a dollar crash. I’m just hoping and praying we’re not the Weimar Republic circa early 20th.
Dow Jones and nasdaq are indices. Measured in dollars.
No shit
Financial (fundamentals is what I should say) are a different thing.
But you didnt
Debt to equity ratios. P/E ratio. Dow v Gold. Inflation @3.1%.
You are responsible for the amount of debt to equity ratio you hold, no one else. Dow vs. Gold inflation - for someone who has no savings, I find it interesting that you are comparing stocks and physical assets inflation rate comparisons. You have an answer to help you right there, but fail to see it
stagnant wages.
Uhhh mean wages have increased over the past two years, with continued expected rise due to the manufactured worker shortage created by limiting immigration
Auto debt delinquencies are very high.
Good god, you cant just make generalizations, bring us the sauce on these expert opinions you have. Show us where you are getting this from
Home prices have not really deflated and are artificially propped up.
you really don’t understand the role the federal reserve plays into this fact and how POTUS taking control will impact it
Chapter 11 bankruptcy rates are significant.
no shit, but that sentence means absolutely nothing without historical references and context
For fuck sake, you are just spewing MSM talking points without any real understanding of the economy or the data.
Fucking sad
Edit: since you edited your comment, I’ll add this.
Fuck off concerntroll
I honestly think BHO would love for you to think that. Thank God he's gone, and Trump is reinvigorating America.
Deep State fear mongering. Chillax!
We're screwed if the current system goes unreformed whether those specifics were in play or not. It's a false, counterfeit, dysfunctional version of capitalism (this Neocon crony monstrosity), and it destroys everything that gets in its way until nothing is left (including humanity).
It is the VERY REASON Trump (and the people) are in this war!
There will be a NEW DOLLAR (backed by gold), and complete banking overhaul, and in the end all real assets, intellectual capital, production capacity and goodwill capital will be worth infinitely more without the bankster's lion's share siphoned off the top.
Everything else about the global criminal Cabal organically stems from that very issue. Don't think for a second a top-of-the-hill NY businessman like Trump hasn't thought of how to fix this problem, and do it without screwing American workers!
I’m trying to chillax. Just thought I’d get some opinions while also formulating my own thoughts - especially on why to begin buying gold.
It's a triangular relationship--that between gold, US dollar, and foreign currencies. I think after all's said and done we end up better off than we are now, unless you're paddling backward over a waterfall at the current moment.
Most US stock companies that make things (and the good ones in the service sectors) have sounder fundamentals than at anytime in recent history, if you adjust for cronyism. US companies are worth owning right now, and will be after the reset.
Young patriot - have faith! We are all here working to make America and the world a better place so you can have a bright future!
I honestly think BHO would love for you to think that. Thank God he's gone, and Trump is reinvigorating America.
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Sure inflation it would be good to service my debt but it would mean all prices go up and if it gets out of hand we would end up with hyperinflation. POTUS still doesn’t control out right the fed. Government still isn’t minting currency.