I m reading about what happened in the great depression of 1930s.
I am also reading about what happened in the panic of 1800s.
History does repeat and will repeat.
Expect to see the following in the coming future -
I am also reading about what happened in the panic of 1800s.
History does repeat and will repeat.
Expect to see the following in the coming future -
- New car registrations will fall dramatically. This is already happening in the UK.
- More job losses to come. The US unemployment rate - I mean the real one - will rise and not fall.
- Lots of new Acts will be passed by the Govts to stimulate jobs and create new ones.
- Govt sponsored employment schemes will come up.
- Capitalism will be hated and small groups will spring up that oppose them rich
- Violence is set to increase
- Lots of mini booms and busts will happen on the way to th final bottom. We had the massive crash in 2008 and the massive boom in 2009-10. This will be a regular phenomenon
- Staying in CASH is the only thing you can while the mkts crash around you.
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