When will the next depression occur?
What will be the main cause?
In 2002, Dot Com bust caused recession
Followed by a frenzy in housing which caused the last recession/depression in 2007 2008.
When will the next one come along? We are over due. What is going to be the cause?
Also, how will you protect yourself, obviously leaving the markets but where will you take shelter? Hard Assets?
No one knows.
Only thing that can be predicted is lifespans. Boomers dying is going to create a real problem with real estate and medicare/social security.
Enough to cause a recession, yeah. Depression, maybe.
>there will probably be a war. I don't know if conscription would fly though.
Some military general told congress a few years ago that conscription won't work because the youth are out of shape and its creating a national defense danger. I laughed.
I don't think leadership is very capable either. Could be wrong on that though. I don't know if people identify with being American(tm) the way they identified with being American either, if you know what I mean.
I'm surprised the stupidity of their soldiers isn't a threat. I guess pointing a gun at towelheads and firing isn't hard, but holy shit are some soldiers so intellectually inept. Makes sense when anyone intelligent knows how silly it is to enlist.
>When will the next depression occur?
>What will be the main cause?
The Federal Reserve
It's already here, the deleveraging never stopped
Increased government spending
Decreased real estate values
>all boomers houses going up on market, because millennials and others don't need or couldn't afford big homes
So we've got one generation of renters and another generation who will soon find it impossible to sell their homes for what the market told them they were worth. Won't the boomers have to cave and settle for less eventually? I would think the retiring elderly and the estates of the dead will be the only ones directly negatively affected by the liquidity crisis while landlords and some of the more ambitious millenials will get killer prices and potentially reap dank gains if they play it right.
Half of the U.S middle class are leveraged to their eyeballs for jobs that won't cut meeting their payment obligation, a lot of them are going to default.
The other half of the middle class is taking the individually smart road to avoid studying because the cost is too high, which will turn the U.S into a Third World-tier population with less than half of the population having a degree.
Good luck competing with Bangladesh on low wages.
The Federal government workforce is going to be fucked in the long run when the boomers start retiring too. You have a lot of individuals dying or retiring, but thanks to the slow hiring process and lower pay (combined with pay freezes) compared to the private sector you cant replace or promote staff quick enough.
Some peeps are saying spend any money you have on tangibles before it gets inflated into oblivion because when it gets worse, as history goes, they print even faster. Probably depends a lot of who goes to war with whom and where, as these things always end in massive wars populated by angry people. The American hamplanet obviously won't be shipping off anywhere en masse this time though. Is it pure genius? Ride it out burning calories on a couch? I'm not a fatty but always wondered if they knew something I didn't?
Much of this debt is issued by the US government. They can eat the loss by printing more money. For private lenders interest rates are high enough that they can afford a higher default rate. Everyone knows the risk of student loans. Making them into securities can be done, but no one would ever claim they are AAA rated like they did with sub-prime mortgages.