/biz/ - Business & Finance

>>55963357
Things are fucked since people put groceries on credit cards and that debt bubble is over $1 trillion. Its bound to explode eventually.

>>55959481
I don't know anon, that shit with the mortgage in USA back in 2008 was a mere 13% of GDP.

Evergrande and real estate shit in China is over 1/3 of the whole fucking pie. Its gonna be a 'butterfly flaps wings into a tornado' kind of effect in the long term.

China cutting taxes on stocks is looking more and more bearish now that I think about it. Last time was 2008, so that cannot be a good sign for how fucked shit is over there.

This environment resembles 1987 & 2007 so much right now...
>U.S. bank downgrades.
>Hong Kong Unsold homes highest since 07.
>Hong Kong Prime rate highest since 07.
>U.S. Housing Affordability lowest level since 07.
>U.S. Interest rates highest since 07.
>U.S. , UK,HK, Mexico Israel... Treasury yields highest since 07
>ABS loans 60+ days delinquent highest since 07.
>Mortgage rates highest since 02.
>Student Loan Debt all time high.
>U.S. / Japan Debt to GDP all time high.
> U.S. Wage expectations hit all time high.
>A melt-up +50%. Had the two longest winning streaks in history for the $DJIA which are now tied with this past months DJIA run.
>A Pre- Election year.
>Major WGA/DGA Strikes.

Bros I don't think we will be ok when October rolls around this year...