I think so. Many are saying that much of the regulations from the 2008 housing market/banking crash are not effective or have been slowly removed from efficacy.
Also, China's bubble has almost burst multiple times in these last 2 years. And the US's economic growth is a bit too strong which indicates an artificial increase.
We should see a recession in the next 2-3 years but not on the magnitude of the 2008 Great Recession.
And my prediction is no more specific than a horoscope so if I am right, I should not be given credit as some great sage. This stuff seems rather obvious and is not specific enough for me to get credit when it inevitably happens. But you can bet your sweet ass I'm going to quote this post and parade it around that I was right when it does inevitably happen.
Originally posted by dadudemonThing is the deficit for the US is double what it was last year... and I am shocked that yor treasury allowed this to happen. The UK is also particularly vulnerable due to Brexit. Personal debt is at a high in all major developed countries and the banks have let that happen again...
I think so. Many are saying that much of the regulations from the 2008 housing market/banking crash are not effective or have been slowly removed from efficacy.Also, China's bubble has almost burst multiple times in these last 2 years. And the US's economic growth is a bit too strong which indicates an artificial increase.
We should see a recession in the next 2-3 years but not on the magnitude of the 2008 Great Recession.
And my prediction is no more specific than a horoscope so if I am right, I should not be given credit as some great sage. This stuff seems rather obvious and is not specific enough for me to get credit when it inevitably happens. But you can bet your sweet ass I'm going to quote this post and parade it around that I was right when it does inevitably happen.