US Economist - "Everything Bubble' Will Burst in 2024, Everything will Crash

Good,

Many in my generation are hoping this will happen. The generation worried about retirement are the same ones that gave us massive debt and a broken economy and government. We say #em because anyone 40 and younger is #ed and will never be able to retire. So let the older people go into debt and we'll tell them they should have worked harder...

originally posted by: FlyersFan
This is just ONE economist, but his prediction is interesting. According to him, we are in a bubble for everything .. market, banks, real estate, etc. And he says that 'everything bubble' is going to burst in 2024. An everything crash. This guy is actually hoping for it so everything goes back to what he thinks is 'normal'. Everyone with a 401K probably would be hoping for just the opposite. A lot of retirement age people are counting on their 401Ks to survive retirement.

US Economist Predicts 2024 Will Bring Biggest Single Crash of Lifetime

Since 2009, this has been 100% artificial, unprecedented money printing and deficits; $27 trillion over 15 years, to be exact. This is off the charts, 100% artificial, which means we're in a dangerous state," Harry Dent told Fox News Digital. "I think 2024 is going to be the biggest single crash year we'll see in our lifetimes."

"I'm the guy that's praying for a crash while everybody else is not. We need to get back down to normal, and we need to send a message to central banks," he continued. "This should be a lesson I don't think we'll ever revisit. I don't think we'll ever see a bubble for any of our lifetimes again."

Dent, who spent the majority of his career analyzing proprietary research, credited his against-the-grain prediction to overvalued markets and excessive stimulus spending. While recent rallies have overwhelmingly provided investors with mild recession expectations, Dent remained firm that an "everything bubble" will burst next year.

Somewhat related - ATS Thread - Real Estate Investor Warns US Is Entering Greatest Correction of His Lifetime

If it happens, it happens.

Thats one of the reasons I joined ATS. To discuss and prepare for all types of scenarios. Thats why we put eggs in all kinds of baskets.

originally posted by: mechtech87
So let the older people go into debt ...

You aren't getting it. They won't be going into debt. They will be BROKE. Which means they will have to live off of the government handouts and live in homeless shelters. They will be living off YOU and all the TAXPAYERS .. instead of living off their 401K which they worked hard for their whole life.

I don't know what you people think a 401K is. It's usually not a wealthy sum. For most people it'll just allow them to survive retirement when they can't work anymore .. not much more.

a reply to: FlyersFan

If they dont do ww3 to prevent the next presidential election to avoid trump from being elected than it wont crash atleast till after the elections.

They will print and pass what ever regulations needed till after elections.

Than they will crash it. Then the same govt who fcked it all up will come in to save us and put us on the you will own nothing and be happy plan backed by a social credit score .

This is the probability chart taken from monthly observations of the 10-year minus 3-month Treasury yield curve. The grey areas are recessions and seem to happen not long after the large blue spikes...and would you look at the spike we are currently part of.

Anyone heard of the great dissolvement?

Literally, in times of heavy political distraction when economies come to a standstill, but especially with this one, people in the margins in other countries get antsy and start pulling all kinds of crazy tech and land acquiring schemes.

You have a situation where the economy is in dire states, a population that grew up when everyone had a picket fence and left the door open that doesn't know what to do with it's own money and always trusts roto rooter all up trading personal info on places like Facebook.

Our caucus is diddling around as one might be able to say, and we have an oversaturation of cheap goods and commercials for vacation estates and snappy ads about futuristic tat that doesn't exist, and all types of distracting political bs.

Wars rage and there are people on the margins and other unscrupulous people in the low rung of the finance and estate that seek to get ahold of land and estate objects that you're now too distracted to realize belonged to some eighth cousin, or move in on your trusting parents in order to just get hold through bogus surveys and bs that you don't see, dissolving their estate and leaving everyone destitute. Presumably leaving you the slave of some 1500s type warlord or another. This with the cooperation of all kinds of new upstart capital land management groups out of California and the like who just kind of took the reins of this type of management over I guess the past 20 years.

originally posted by: FlyersFan

originally posted by: dothedew
This would truly be a dream come true.

A market crash would destroy everyones 401Ks and a lot of elderly people will be dirt poor and in need of government assistance.

Take the penalty and cash out now or lose it.

a reply to: mechtech87

I get you, you want vengeance against your parents and grandparents for preparing for their future. You would never do such a selfish thing would you? Your Generation will usher in a new age of inclusion thru socialism. Everyone will be happy in this new world, except the elderly, maybe you should institute a way to exterminate them at the end of their working life. Then you can distribute their savings.

In reality, what are you asking of older people? What exactly do you want. ( besides for us to suffer and die in poverty )

What would it take to make you happy?

originally posted by: lilzazz

originally posted by: FlyersFan

originally posted by: dothedew
This would truly be a dream come true.

A market crash would destroy everyones 401Ks and a lot of elderly people will be dirt poor and in need of government assistance.

Take the penalty and cash out now or lose it.

Terrible advice.

a reply to: dothedew

You have learned nothing or are bad at paying attention.

The boomers have as much say as the current generation when it comes to the government and its policies.

Just like the current generation is wanting free healthcare and education they arent getting it. Instead this generation is getting more wars and more money being spent on illegals and foreign govts and other special interest groups.

They want you to make the boomers your boogie man so you wont go after the same corrupted govt that screwed them and will screw your generation.

originally posted by: interupt42
a reply to: dothedew

You have learned nothing or are bad at paying attention.

The boomers have as much say as your generation when it comes to the government and its policies.

Just like your generation is wanting free healthcare and education they arent getting it. Instead your generation is getting more wars and more money being spent on illegals and foreign govts.

They want you to make the boomers your boogie man so you wont go after the same corrupted govt that screwed them and will screw your generation.

I'm not paying attention, while you didn't follow along I guess.

All those things that I listed, most of us either weren't alive for or couldn't vote for. We had no say in that. Zero. Ziltch. Nada. But we're supposed to be grateful, per someone else's angry rant.

There's a lot of people in congress that shouldn't be there; someone keeps voting these idiots in.

The people that want all the free stuff are crazy too.

The fact is they pretty much destroyed everything. Be it through policy, business models, Participation trophies (yeah, they were the ones that wanted them to be handed out) etc.

I'm also not saying that the current wave of people in government are doing any better; a few good ideas here and there, but overall, like you said - screwing people.

What I AM saying though, is that after the havoc that was done on the currency, business, wages, housing, education, etc., the loss of a 401k(s) if there is a crash is kind of....... life coming back around to bite them, for the most part.

originally posted by: mechtech87
Good,

Many in my generation are hoping this will happen. The generation worried about retirement are the same ones that gave us massive debt and a broken economy and government. We say #em because anyone 40 and younger is #ed and will never be able to retire. So let the older people go into debt and we'll tell them they should have worked harder...

originally posted by: FlyersFan
This is just ONE economist, but his prediction is interesting. According to him, we are in a bubble for everything .. market, banks, real estate, etc. And he says that 'everything bubble' is going to burst in 2024. An everything crash. This guy is actually hoping for it so everything goes back to what he thinks is 'normal'. Everyone with a 401K probably would be hoping for just the opposite. A lot of retirement age people are counting on their 401Ks to survive retirement.

US Economist Predicts 2024 Will Bring Biggest Single Crash of Lifetime

Since 2009, this has been 100% artificial, unprecedented money printing and deficits; $27 trillion over 15 years, to be exact. This is off the charts, 100% artificial, which means we're in a dangerous state," Harry Dent told Fox News Digital. "I think 2024 is going to be the biggest single crash year we'll see in our lifetimes."

"I'm the guy that's praying for a crash while everybody else is not. We need to get back down to normal, and we need to send a message to central banks," he continued. "This should be a lesson I don't think we'll ever revisit. I don't think we'll ever see a bubble for any of our lifetimes again."

Dent, who spent the majority of his career analyzing proprietary research, credited his against-the-grain prediction to overvalued markets and excessive stimulus spending. While recent rallies have overwhelmingly provided investors with mild recession expectations, Dent remained firm that an "everything bubble" will burst next year.

Somewhat related - ATS Thread - Real Estate Investor Warns US Is Entering Greatest Correction of His Lifetime

lol

Isn't it great?

"Work harder, it's your fault with your toast, get a better job, you have it easy, quit being a sissy, go to school, get an education, save money, YOU"RE DOING IT WRONG, etc." and then it's pity party time when the threat of lost investments come up.

I'm sorry to this community as a whole, but I just can't get over the double standard.

I know I've gone on some belligerent tangents today, but there's a reason. Am I overreacting and oversimplifying? Yes. Is it still worth me yelling at the sky? Also yes.

Look at it this way - what is the current state of - literally everything - other than a bad return on investment? And this isn't something that popped up magically within the last few years or decade or two, this has been brewing for a vvveeerrryyy long time.

a reply to: FlyersFan

Pork Bellies or Mellons?

a reply to: FlyersFan

Can you believe that some clowns wrote one month aga that a majority of Americans net worth is over $1 million dollars.

TextThe Federal Reserve claims the average American household is now a millionaire—but if you look closely, the middle class is going nowhere. The mean net worth of an average household, adjusted for inflation, was $1.06 million in 2022, according to the Federal Reserve's consumer finance survey.Oct 24, 2023

Me thinks its bull sheep

a reply to: Waterglass

This site is good for financial statistics:

UD Debt Clock

They have the total US national assets at $661,217 per citizen.

$33.9 trillion US national debt breaks down to $100,936 per citizen.

A total US debt of $103 trillion breaks down to around $300,000 per citizen.

Oh and this is odd, I just noticed that the US money supply appears to be decreasing.
I would think that a market crash and rapid deflation would go hand in hand.

a reply to: FlyersFan

My take on this current market "system" is that we have a good view into how wealth gurus work.

When times were bursting with plenty of cash and markers were soaring, of course everyone was saying buy everything, anything, some more down to earth people were saying beware, like Charlie Munger, but all the YT investment coaches and such were saying the opposite. Then when things looked bad, they said hold onto your bags, but but they never really tell you what stocks they held onto.
Now that the markets have corrected, they want it to keep dumping lower and lower.

It's all a game to hype people up.

a reply to: Waterglass

The average American household a millionaire, after they just said the average US household lives paycheck to paycheck with less than 1,000 in savings.

Yup, total horsesh1t.

a reply to: dothedew

FOR VOTING FOR MANY OF THE PEOPLE, AS WELL AS INDIVIDUAL LOCAL POLICIES, THAT PUT THESE THINGS IN PLACE ON FEDERAL AND STATE LEVELS?

I didn't vote for this administration, or any of the ones responsible for what happened to our country-GHW to Obama, skip a year and back to same-ol' same-ol'. Did you?

People who have no idea what truly drives the economy always blame capitalism. Liberal policies are the ones that implemented the rules that allowed systemic corruption in capitalism in order to control the sources of their wealth.
Liberal policies have brought capitalism to the cusp of socialism, which has been the plan all along.

originally posted by: Waterglass
a reply to: FlyersFan

Pork Bellies or Mellons?

Crow. ..

Long pig. .....

originally posted by: IndieA
a reply to: Waterglass

This site is good for financial statistics:

UD Debt Clock

They have the total US national assets at $661,217 per citizen.

$33.9 trillion US national debt breaks down to $100,936 per citizen.

A total US debt of $103 trillion breaks down to around $300,000 per citizen.

Oh and this is odd, I just noticed that the US money supply appears to be decreasing.
I would think that a market crash and rapid deflation would go hand in hand.

Currency and Credit Derivatives = 636,901,730,000,000 yes that is 636 TRILLION.

We are so screwed.