Post by
garyreins on Nov 02, 2024 6:03pm
GREAT FINANCIAL CRISIS
I know TJ WANTS TO WATCH THE BIG SHORT II but cmon man these analogies with 2007 is crazy. Banks aren't swimming naked. Unless the fed and government is lying and the system is unraveling
Comment by
Torontojay on Nov 02, 2024 6:28pm
You're missing the point. The narrative was the same which is why im posting about it. They were saying the same thing in 2007 about the strength of the economy. Plenty of jobs, low unemployment and a healthy gdp number. This time is different blah blah blah.
Comment by
garyreins on Nov 02, 2024 6:48pm
A recession aint the end of the world, theres been many. Its a technicality if you cant even tell if we are in a recession until a year later. In any case, the GFC saw big banks go under that was threatening the integrity of the entire FINANCIAL SYSTEM. If there any signs of that Mr Powell will go to 0% and turn on QE in a blink of an eye!!!!!!!!!!!