Quote from: marty34 on November 12, 2024, 12:24:22 PMQuote from: OakLeaf on November 12, 2024, 10:25:15 AMAn economist I follow said a few months ago that he expects and blow off top to the bubbles in stocks and crypto. He predicted that the S & P 500 could go to 6300, and that bitcoin could go to $115k. Heady predictions but looking more plausible at this stage. This is what happens in bubbles. Just look at what happened in the dot com bubble of 1999/2000.
He did say that after that there would be a massive crash in both so be wary! All we would need is one big bank to fail and we'd almost certainly be in a credit crunch. There are a lot of candidates in the US (and beyond) at the minute.
A recession?
I suspect there will be. Some say it's already started. I dont think anyone really knows for sure. One thing's for sure though, the US is looking at a debt mountain and if inflation returns (or the bond vigilantes keep the 10yr rate high), then the interest on that debt will get out of control. Anything could happen from there.