Totally agree here. This was the longest period of growth in US history and almost for no reason since the fundamentals are all toxic. Record credit card debt, student loan debt, mortgage debt, national debt, personal debt. A strong, healthy economy means the debt is paid off. What happened after 2008 should be criminal, slashing rates to 0% fueled a MASSIVE borrowing bubble. Auto-loans, house loans all skyrocketed. Sadly, no one ever learns from this. The euphoria continues, people spend on credit, than the collapse comes and defaults shoot through the roof. Listen here, because this is the most sobering truth: When equities crash and when defaults skyrocket, there is NOTHING that any central banks have left in their arsenal to stop what is coming. They've already slashed rates AND pumped the markets with QE. The EuroZone is already at negative interest rates and still is utilizing QE, yet, most of Europe is heading into recession. This next crash will be the end of the credit/debts/fiat system as we move into a globalized electronic money system that central banks have called for. You'll see. And its not Bitcoin, so, don't go rushing in Bitcoin either.
@schizaar, We saw that cryptocurrencies usually crash with the stock market. In terms of safe havens with potential of huge profits is only precious metals. Gold and silver are the go to asset, as you can see from the last boom in 2009-12, until the Fed armed the dollar, slashed FFR, and pumped QE in the markets fueled a new bubble which is popping now.
@BankofEngland, You recalled me this dependancy: once money from financial markets endiing it's bullrun (bursting bubble) wants to "survive" hard times it flows into a safer market of precious metals, pumping its volume and price.
Thats why metal rocks ;)
@schizaar, The thing is, you can see a financial collapse, run on the dollar, and default from months away. You can get out well before everything collapses. Unlike crypto currencies which can flash crash 30% without a real reason.
@SEAN_VENGAN, - It wont take months, even a year for S&P to reach 1500. It can happen in a matter of weeks. Dow fell 1,500 points last year. S&P 500 at 1500 points still isn't a real bottom this time around. This financial collapse will eclipse the Great Recession of 2008.