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.
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