/biz/ - Business & Finance

>>18676173
>What are your predictions?
for the stock market?
companies that dont make anything and hire tens of thousands of people who knows why and somehow make a living of of data will go bankrupt soon
companies that make things will still be in business and their stock will continue to grow
banks will go bankrupt because of massive defaults coming up
inflation will start rising slowly by the end of the year, next year will hit double digits and it will be a year maybe two after that before the fed raises interest rates to double digits like paul volcker did.
i think our economy is more in line with the 60s and 70s than it is with the great depression
we will probably see a reversal of globalisation and a return of industrialization to the west and in a twist of irony China will begin suffering from deindustrialization that the West has suffered from for the last forty years, there will be major social and political effects from that in east asia who knows what the implications will be.

>>18668619
>Wages haven't gone up nearly enough to justify this kind of inflation
Quantitative easing explains all of it, the FED printed money and handed it out to banks.
Whats the only asset that is totally dependent on credit availability? Real estate. With so much money available and with investors looking for better profits than treasury bills offer they flooded the real estate market, which explains the prices going up.

That is and has been my theory, can anyone come up with a better one?