Surely We Are Not Ignoring The Red Flags Again?
Trust me. The Stock Market will have its Pound of Flesh before it collapses. It’s an insatiable, narcissistic brute which knows no boundaries.Tip….Act like sheep & you will be sheared my dears.
Hindsight is 20/20, but the stock market threw signals back in the summer of 1929 that trouble lay ahead.
The Yield Curve Inversion of 2019 is a very similar warning to that of 1929.
It has not been ignored by us mods, just swept under the carpet by The Fed and Wall Street.
Be warned, the Yield Curve is a super indicator of nightmares becoming reality.
The curve has never, ever been wrong in the past. Bad shit is about to happen my dears.
In the spring and summer of 1929, the U.S. economy was riding high on the decade-long winning spree called the Roaring Twenties, but the Fed was raising interest rates to slow a booming market and an increasingly vocal minority of economists and bankers were beginning to wonder how long the party could possibly last.
Really! Surely The Fed wouldn’t make the same play again in 2020 would they. Lol!
In 1929, popular prognosticators like the Yale economist Irving Fisher swore that if a correction came, it would look like a harmless slump, while others predicted a jagged cliff. But nobody, absolutely nobody, could have foreseen the stock-market slaughter that happened in late October.
Actually people did see it!
“People could see in 1928 and 1929 that if stock prices kept going up at the current rate, in a few decades they’d be astronomic.”
The global financial industry is now so highly sophisticated with some of the best minds and the most powerful computers dedicated to predicting future market movements.
Well we all know that predicting the market is complete, cod-shit. Nobody can call the market, nobody knows if it’s going up-down-or round in fucking circles. Unless you have a little insider; how can I put it politely. Wisdom!(I would like their number please. Only Joking)!
In 1929, the field of quantitative forecasting was in its infancy. Each leading economic forecaster devised his own stock market indexes in an attempt to capture market trend.“Just like today, there was a lot of discussion in the press about whether the economy had reached a peak or not. That all got resolved very quickly with the crash and its aftermath.”