/biz/ - Business & Finance

>>18002584
I'm not saying Trump's actions didn't make it worse, but 2008 recession was basically printed out of existence and the rate cuts and money printing has been going ever since.
Everyone who has supported QE since 08 and allowed stock buybacks with debt money and wanted to keep rates low, has been a culprit in kicking the can down the road.
Market would have tanked immediately at any moment between 08 and today if fed stopped propping up the market through different actions.
It was always a matter of time until this bubble popped either on it's own or though some other unseen disaster like this virus. Trump's presidency is just another cog in the system that kicked the can down the road.

>>17923514
He's not wrong in what he says when you block out his personal business shilling.
Economy is fucked for the very reasons he points out.
This is a debt crisis that's been a long time coming. He's just been calling it for so long that many people think he's full of shit.
Even the mainstream media was calling the government out for their emergency measures becoming the standard to prop up the market, because the result is what we're seeing now.
Total lack of fundamentals and everyone neck deep in debt, which is a recipe for a disaster.

>>17922565
You forgot the most important things

>Everyone is saturated with debt to a point it would have led to a massive crash anyways in a matter of couple of years.
>2008 recession never ended, it was printed to a halt.
>Money printing can't stop this drop because too much money is now needed.
>Corporations have no real value and aren't profitable, it's all propped up by debt and stock buybacks.
>Oil getting raped to a point it might wipe out all US oil producers except the biggest names that are going to get a bailout.
>Pension system about to get fucked.

>>17912286
A joke

>>17896320

CNBC.com
Published 8:38 AM ET
Fri, 22 May 2009

As the Federal Reserve throws more and more money at the economic crisis and holds interest rates down at historic lows, it could be inflating a devastating ‘bailout bubble,’ Gerald Celente, director of Trends Research Institute, told CNBC.

We’re looking at a bailout bubble that’s way bigger than the dotcom bubble before it and the real-estate bubble that we’re now getting out of, or attempting to,” Celente said.

“This is unprecedented; the economic system is being restructured,” he said.

The real-estate bubble was born out of the aftermath of the dotcom bubble because the Fed slashed interest rates and made more funds available, according to Celente.

But because the US government now has a vast equity position in financial institutions, it could mean that there is no bouncing back if a bailout-induced bubble bursts, Celente said.

“When this bubble bursts, there’s no reinflating it because of the government intervention into it so deeply,” he said.

“As you look through history, it seems like governments become emboldened by their failures,” he added.

Celente pointed out that according to the Italian fascist leader Benito Mussolini, the merger of state and corporate powers was called fascism.

“We could call this fascism lite,” he said, referring to the government involvement in free enterprise. “After these kind of catastrophic collapses, sometimes they’re followed by war.”

https://www.cnbc.com/id/30884871