Fear Grips Wall Street: Is the Big Crash Coming?

Listen, Pause and Reflect to Professor Richard Wolff's sagacious observations. You all need to wean yourself off of Fox News, Newsmax, MSNBC, CNN, CBS and ABC news. If interest rates are raised by the FED then the U.S. economy goes down the drain.

https://soundcloud.com/thesocialistprogram/fear-grips-wall-street-is-the-big-crash-coming

 

I do not understand the fear when historically markets have done well under rate hikes:

https://www.google.com/amp/s/www.ma...urns-during-fed-rate-hike-periods-11643212370

 

Wolff is long since proven to be a drooling fool.

 

Well said, going to Wolf for advice is like going to Nazis and expect fair treatment for Jews.

 

Wolf is to econmics as Micheal Moore is to politics.

Moore has been correct once. When he predicted Trump would win 2016. Every other predictoon he has made has missed by a mile.

Wolf is the same kind of moron he is an absolute dunce about economics and might be right once or twice like a broken clock but otherwise he is a ****ing imbecile

 

Interest rates have to be raised. Our economy will likely slow but it won’t go down the drain.

 

That’s because MOST rate hikes come during a period of GROWTH. Which we don’t have.

 

I disagree. The market has been held up artificially high by low rates and printing money. If they simply stopped printing money the market would correct because it NEEDS a correction because it hasn’t had one in over a decade.

If you add increased interest rates to it, it’s going to drop like a rock.

 

Forget all predictions. No one, repeat, no one can predict the future. That's because the world is a changing place on a daily basis. I can't count the predictions for the dates the world will end or the predictions that were wrong on the Stock Market. Only fools who seek attention or are deranged go on record with predictions. But egos rule.

 

2008 was a period of growth?

 

If the FED increases interest rates, demand will slow, prices will reduce and the economy will slow. This is what happens with every increase in interest rates. No drain involved at all.

 

No 2008 was when our moron in charge started spending trillions of dollars on stimulus to prop up the economy.

We had growth through artificial stimulus. But you can’t do that forever. Eventually the money runs out and the artificial stimulus ends. Which is where we are almost at now. And now we have to pay not only for the weak economy but also the TRILLIONS of dollars they spent trying to prop it up to keep their votes.

 

LOL! I see, so a huge crash is "growth" to you.....

 

QE caused inflated multiples. Now the fluff is being taken out as the Fed reduces its balance sheet. A 10-20% market correction does not necessarily correlate to economic conditions.

 

We are in a growth period. The Fed has actually made no changes yet. Just talking about making changes causes investors to wet their pants.....sad..

So why are folks panicking during a growth period?

And yes, we ARE in a growth period...

https://www.google.com/amp/s/financ...-us-economic-activity-recovery-192945002.html

 

You can't step into the same river twice. The laws of capitalist motion are still operative!!! This time and place is radically different from the time-chart you attached to this thread!

https://open.spotify.com/episode/1F9sN5FMPoF5o1a7cs9lGl

 

More like big investor temper tantrum. People will sell leading up to the hike, and then buyback on the price dip. This is the way.

 

Valuations were too high in an increasing rate environment, especially in NASDAQ stocks.

This is a typical market reaction to a rate increase cycle......https://www.cnbc.com/quotes/QQQ?qsearchterm=qqq

 

LOL! "This time is different!".....the chart I posted showed SEVERAL times. Try again.

 

I'd say democrats are likely going to cheer for this. Why? More dependence and socialized services will be "necessary". Higher interest rates aren't necessarily a bad thin, but if your FED is trying to blowup growth, this is certainly a lever they would pull....

 

Lets see what's on the "end of the world" sandwich board today. A big crash is coming! Sounds reasonable. I am going to go out on a limb and predict another crash after that. Has there ever been a crash we did not recover from?

One good thing about economists it that they make weather forecasters look good!

 

LOL!!! There wasn't a global pandemic in those charts that killed nearly a million Americans!!! The conditions in those charts are not the same here and they are not coming back.

 

They are just playing on your fears! The Fed will continue to crutch the market up like they have been.. Now if the printing presses fail, then be ready

 

Quantum Easing, ya that went well LMFAO

 

Well if you do like the DNC and count recovery as growth, it looks pretty damn good In fact they are trying again presently but the problem is everyone learned from the scam under Mr Obatard..