Maaaaan, I've been saying the same thing. This is not like every other economic setback where people had to hoard in order to survive. This is an artificially-induced setback that most people don't agree with and are just waiting to participate in the economy the moment the opportunity comes.
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Why Our Economy May Be Headed for a Decade of Depression
- Thread starter R1234
- Start date
The market is not the economy. The roulette table at the Sands may be a somewhat better reflection of the real economy than the market.All the doom and gloom pundits have been dead wrong
Market is almost back to ATH’s, and if the last week has shown us anything, it’s that the consumer wants to get back to normal life and is out spending the first chance they get.
The only thing that matters to the market is the Fed’s balance sheet.
Everything else is a temporary diversion.
M
morganist
The market is not the economy. The roulette table at the Sands may be a somewhat better reflection of the real economy than the market.
I agree market values and the overall economy are different things. However large financial market crises can lead to economic downturns.
You mean like the Great Depression of 2010-2012 ? Did some of you not learn a thing from that experience ?