Spooooooky!!! Anyone else feel like we're in eerily similar times today as we were in 2007-2008. Only top 20% have more savings than pre Covid

[FAH1223]

 

[Berniewood Hogan]

 

[FAH1223]

 

[FAH1223]

@mastermind

This is why Yang is a darkhorse.

 

[Wild self]

Its gonna crash,by the Summer. I literally smell it now.

 

[phcitywarrior]

Its gonna crash,by the Summer. I literally smell it now.

That would be a quick crash.

 

[GnauzBookOfRhymes]

Will we survive the next financial crisis?

 

[greenvale]

I feel like the trigger is gonna be something with this unsustainable corporate debt + the insane amount of car loan debt that Americans have.... I hope this shyt don't hit until after august tho because thats when promotion pay is set

 

[phcitywarrior]

I feel like the trigger is gonna be something with this unsustainable corporate debt + the insane amount of car loan debt that Americans have.... I hope this shyt don't hit until after august tho because thats when promotion pay is set

I think this is gonna be it. Cars I feel will be the straw that breaks the camel's back.

 

[Swirv]

Doesn’t feel similar at all.

 

[Berniewood Hogan]

 

[GnauzBookOfRhymes]

Many Americans say their financial situation is worse since the Great Recession

 

[GnauzBookOfRhymes]

Yahoo is now part of Oath

2020 Recession: Economist Gary Shilling says US may be in downturn

 

[GnauzBookOfRhymes]

Recession: Would another fall in earnings signal a downturn by 2020?

Sluggish corporate earnings could be another warning sign for the economy.

Two weeks ago, stocks were hitting record highs daily, juiced by expectations for a steroid-like boost to the market in the form of a Federal Reserve interest rate cut later this month.

Last week the market stalled, mostly because of mixed quarterly results from corporations and speculation that the Fed may not trim rates as much as anticipated. The stock market gave back the prior week’s gains as investors digested the reality that the market’s fundamental pillar – earnings growth – has been lackluster and may soon signal a possible recession down the road.

Yahoo is now part of Oath

Sen. Elizabeth Warren (D-Mass.) warned on Monday that an economic downturn similar to the 2008 crash is coming soon, but not without saying she has a plan to prevent it.

“Warning lights are flashing,” Warren said in a Medium post. “Whether it’s this year or next year, the odds of another economic downturn are high ― and growing. Congress and regulators should act immediately to tamp down these threats before it’s too late.”

In her post, the 2020 presidential candidate mentioned how she correctly predicted the 2008 economic recession, in which millions of people lost their jobs, homes and savings. Warren’s 2003 book with her daughter, “The Two-Income Trap,” shows that the then-law professor and bankruptcy expert warned about the dangers of risky subprime lending and an imminent housing crisis. In the mid-2000s, Warren said families were getting deeper in debt by borrowing against their homes to try and stay out of bankruptcy.

 

[GnauzBookOfRhymes]

Nomura: A second market sell-off could be 'Lehman-like'