Re: Financial topics
Posted: Sat Apr 03, 2021 11:31 pm
** 03-Apr-2021 World View: Worse than Great Depression
expecting a 1929-style panic and crash, and I had no reason to believe
that it would lead to anything significantly worse than the Great
Depression.
But that's all out the window now. After thirteen years of massive
quantitative easing and money printing by the Fed and other central
banks, the coming financial crisis will be immeasureably worse than
the Great Depression.
You know, it's impossible to overstate the size of the insanity
in Washington today. The Democrats want to "go big" with this
monstrous so-called "infrastructure biil." It's a total delusional
fantasy. There's no way all that crap is going to be implemented.
In the meantime, the Democrats have left the border open, and we
have hundreds of thousands of illegal immigrants pouring into the
country, including small children being thrown over the border wall.
I feel sorry for you guys. At my Methuselean age, I'm not going to be
around to see how this mess unravels (at least I hope I won't). But
most of you guys are going to be unlucky enough to see what happens.
I feel bad for you. As Higgie once described it, the living will envy
the dead.
John wrote: Sat Apr 03, 2021 6:46 pm > I was aware of this pattern in the mid-2000s, and I absolutely
> expected the 2008 financial crisis to lead to a 1929-style panic
> and crash. The thing that was completely unexpected was the huge
> influx of quantitative easing, whose purpose was to prevent such a
> crash. It was highly successful, but it didn't solve the core
> problems, and now the quantitative easing has created a monstrous
> situation that is much worse than 1929.
That's really the same thing that I was saying. In 2008, I wastim wrote: Sat Apr 03, 2021 10:42 pm > Interesting you say this now John.
> I remember years back when you said there was no reason to believe
> the coming financial crisis would be any worse then the Great
> Depression.
expecting a 1929-style panic and crash, and I had no reason to believe
that it would lead to anything significantly worse than the Great
Depression.
But that's all out the window now. After thirteen years of massive
quantitative easing and money printing by the Fed and other central
banks, the coming financial crisis will be immeasureably worse than
the Great Depression.
You know, it's impossible to overstate the size of the insanity
in Washington today. The Democrats want to "go big" with this
monstrous so-called "infrastructure biil." It's a total delusional
fantasy. There's no way all that crap is going to be implemented.
In the meantime, the Democrats have left the border open, and we
have hundreds of thousands of illegal immigrants pouring into the
country, including small children being thrown over the border wall.
I feel sorry for you guys. At my Methuselean age, I'm not going to be
around to see how this mess unravels (at least I hope I won't). But
most of you guys are going to be unlucky enough to see what happens.
I feel bad for you. As Higgie once described it, the living will envy
the dead.
