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Related: About this forumStock market, economy are bubbles waiting to pop: Peter Schiff
The Man Who Predicted The 2008 Economic Meltdown NPR
https://www.npr.org/templates/story/story.php?storyId=97801606
spooky3
(34,458 posts)Global stocks have done badly all year.
But the date on your linked story is 2008.
doc03
(35,346 posts)is recent.
Quixote1818
(28,946 posts)It gives some context to the video which is very recent.
libdem4life
(13,877 posts)He's been bragging about "his" rising market that was handed him by the last president. Now...he wants to blame the Fed when "his" market is going down the tubes.
This guy has some good points about the low interest rates. The main question now...will it be a recession or a depression.
doc03
(35,346 posts)buy buy buy again? That's what he said in 2008!
3Hotdogs
(12,390 posts)democratisphere
(17,235 posts)What would anyone expect but a shipwreck!
Dawson Leery
(19,348 posts)The GOP run government gave them a tax cut so they could prop up the value of the stocks and pay themselves.
Once Democrats win, it will go down and the talking point will be how the Democrats are bad for the markets.
blue-wave
(4,356 posts)the real estate market closely. Applications for new mortgages are at an 18, yes, 18 year low. Inventories of homes on the market are up overall and asking prices are being cut, albeit slowly but more so in selective markets. Hyper inflated local markets on the west coast and places like Denver and Las Vegas have a bubble that is already bursting. Trump's cutting of tax write-offs for mortgage interest, etc. is part of the problem. It will speed the downward trend in home prices. All said, 2019 and beyond might be a rough ride, for real estate, the stock market and the economy in general.
We need at least one branch of government to stop or slow the take down of our country and speak common sense to the American people. Then we need an FDR type landslide in 2020.
3Hotdogs
(12,390 posts)Peter: "Well, consider the alternative."
blue-wave
(4,356 posts)and his politics definitely make me cringe. I try to see through his bias, like his lack of criticism of Trump's mistakes, think tariffs and the disastrous tax bill. I believe he and others are correct about the state of the economy though. We are in for a rough ride and because of it, maybe we can get Hillary in the White House in 2020 or someone just as great. If it plays out this way, I'll laugh a good and hearty one every time I watch Schiff spout his right wing crap.