Forget 1929. I believe this is how we will end up in the long run: Japan, version 2.
FYI Nikkei topped on 12/01/1989 and hasn't come close to the ATH since. That's 30 years and counting.
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Comparing historical charts is a bad habit cause that's all it is, a chart. What about the fundametals ?
What about the fact that the US is crushing the world with technological innovation ? As time moves on, the world is gonna be more and more about technology. Whoever is the leader there is where the money's gonna be.
All the countries can't just have 30% yearly growth in stock prices, can they ? Someone's gotta pay up. Someones success always comes at the expense of someone elses, you are just not recognizing it because you are blinded by that great product that guy made.
It's pure and simple competition, the strongest will be the winner. Oversupply is going to be the problem of the future, so margins keep on dropping and competition keeps on getting crazier.
lol, our environment is already gone so crazy that you have governments (starting with Japan) actually paying private companies to get international competitive edges.
And you wonder why we have global trust issues and the rise of the Trumps...