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User Info Aooooooga! Aooooooga!; entered at 2018-10-11 11:18:40
Posts: 380
Registered: 2009-05-20

I agree that they will throw EVERYTHING at it due to the elections(especially since Trump owns this now with all his bragging), but I would put odds VERY HIGH that it won't matter.

In 18 years this will be the third time the markets take a substantial drop, and with the media wanting more left wing politicians the media will be merciless on this next drop.

Couple that with the fact that there are not many financial tools left to "prop things up"...."prime the pump" (basically borrow more money, but choose whatever term you want) and things will get interesting in a hurry.

There is always that chance of a slow grind down, but I would put those odds low since this next drop will most likely be a "confidence crisis" related to countries and governments who have taken all this debt on to keep the charade going a little longer.

Interest rates are moving up causing issues with swaps overseas. Our borrowing costs are beginning to move up. Fed is pulling liquidity from the "punch bowl" (market). Medical monopoly is roaring and devouring large sums of money from society. A large part of our population is on some sort of government assistance and is a rage monster that needs very little to go off. It's more lucrative to be a politician than own most businesses, etc. We have a lot of balls up in the air that are being juggled that are unhealthy. Something will be the straw that causes the camel's knees to buckle. When it does it will be big.
2018-10-11 11:18:40