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Reply to "Trump warns of great depression"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Over the past six months, the dollar has declined more than 10% compared with a basket of currencies from the U.S.’ major trading partners — something it has not done since 1973. Trump is purposely burning us to the ground and it will be horrifying. [/quote] Trump is a real estate guy from Queens in mafia-ridden 1980s New York. That's all he intuitively understands. Tariffs are like tribute from his perspective. And the decline of the dollar works for him. It forces people into assets - like real estate. Everything is grossly inflated right now, especially stocks, but also residential and commercial real estate. But the TACO trade can go forever. I was on top of things in 2008. Sold everything, including real estate and stocks at the end of 2007, and did well. But for the life of me, I cannot figure out what the catalyst is going to be for the invariable crash and correction at this moment in time. Everything is humming along. I am not seeing it with dark money. Not seeing it in real estate. Not seeing it in bad loans. Everything seems... fine. Though everything is inflated. But I can't find a catalyst that brings the deluge. Whereas in 2007 it was pretty clear what was going to happen. [/quote] Well, please keep us posted. I had to look up dark finance. [/quote]
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