Not that historica, so far it seems to imitate the 2008 financial crisis crash. But yeah, the financial system almost died then. With Trump, the whole global economic system could very well end in the wood chipper.
Could be even worse now, because in the 2008 financial crisis the US government was actively combatting the crisis by putting trillions of dollars in the economy. In this case it’s the US gov driving the madness.
The thing to understanding crashes is that they’re a crude signal of an underlying reality. Not a thing in themselves.
This isn’t like the 2008 crash, or any other, because the reality that’s causing the number to go down is totally different.
Except maybe the great depression. It’s a bit like that.
Not that historica, so far it seems to imitate the 2008 financial crisis crash. But yeah, the financial system almost died then. With Trump, the whole global economic system could very well end in the wood chipper.
Could be even worse now, because in the 2008 financial crisis the US government was actively combatting the crisis by putting trillions of dollars in the economy. In this case it’s the US gov driving the madness.
And the fed probably won’t let the government dump money into the system because there gonna be afraid of these tarriffs causing inflation.
I can defend my choice of words “historical”: Even the most mundane happenings today might be viewed completely weird practices in the future.
The thing to understanding crashes is that they’re a crude signal of an underlying reality. Not a thing in themselves.
This isn’t like the 2008 crash, or any other, because the reality that’s causing the number to go down is totally different. Except maybe the great depression. It’s a bit like that.