“The CRASH Will Be WORSE Than 2008…” – George Gammon
George Gammon, a renowned macro-finance educator and investor, discusses the most pressing economic issues of our time. The discussion kicks off with an analysis of the recent market correction and its implications for the medium-term economic outlook.
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CREDIT:
George Gammon
https://www.georgegammon.com
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#Inflation #economy #MarketCrash
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11 Comments
I’ve worked for the same Wall Street firm since 1991. It only took Hoover’s threat of tariffs SEVEN MONTHS to start the Great Depression. Trump’s tariffs will be even WORSE.Look around your homes. Everything made in China will increase in price 60%. If you drive a Toyota, Nissan, Honda, Subaru, Hyundai, Kia, BMW, Benz, or Chrysler product (it's an Italian company now) the price will increase 20%. Even if the vehicle is ASSEMBLED here in the States, the PARTS are still imported. Other nations will do the same to us. Prepare for high unemployment by this time next year.
good video
Elimination of the income tax would immediately be a massive benefit to people and result in the largest economic boom in the nation's history. Does anyone have the foresight to make it happen? To avoid a growth in the out of control deficit, elimination of income taxes needs to be coupled with a major reduction in government spending, migration of people from dependency on the government into meaningful jobs and only if absolutely necessary a national sales tax and/or tariffs.
We need a few yrs of 0 inflation to catch up
Will be worse than The Great Depression of 1929 due to the extremely high levels of debt – all Govt and individuals. Why they want a new global reset.
My opinion – How can we have a crash with a world wide fed put? Actually there is such a large contrast in the number of experts on opposite sides regarding bonds and equities going forward. The put is throwing me. If it was just US, well maybe. Were talking every country that counts. In addition, all the buy backs by corporates. I'm thinking a grind sideways. My dumb shit opinion.
Never a truth.
There will be no crash… they just QE everything away…
Will they have to print trillion-dollar bills..most likely..
Someday ..a loaf bread will be a trillion dollars..
And McDonald's will pay a trillion dollars an hour…the end
It’s all over but the😢
lol
I think the defining point will be when deficit spending no longer works.