Loading ...We could say, the Covid Crash was the same as the 1929 Crash and WW II. Major Resets. Many people committed suicide. The system seems to like to destroy itself so it can come back stronger. 1929 crash led to WW II after the global economy was destroyed in ’29, and came back strong after WW II. Many jobs, businesses, and real estate were freed up inherited money.
Much infrastructure destroyed also created many job openings and inherited wealth, the Post War Boom. I’ve seen the Bozo Bankers over the decades raise rates (take away the punch bowl) until the eyeballs were popping out of the domestic economy, and at the last minute, the Bozo Bankers would DROP the rates and create a “Relief Rally”.
They did that before Papa Bush was up for election, to create the Bush Recession and get rid of Bush, he was in his third term. Two with Reagan and one by himself. It was the democrats turn for the next 8 years. I don’t think it was coincidence, that the Democrats and Republicans the Uni-Party presidents always got 8 years each. Makes it look like a fair two party system. Both parties net sold us out.
This time around lately the 9/11 and the 2008 crash was a big reset. They got things spinning good after 2008, note skyrocketing Stocks bonds and real estate. But they can’t raise rates or take away the punch bowl to slow down those heated up markets. Then take the blame for crashing asset prices and a following recession.
So, out of nowhere, strange coincidence, instead of rate hikes, along comes a handy useful alternative, a global Covid crash, but the collapse in asset prices was VERY short lived and got even more heated up than it was BEFORE Covid. So Covid didn’t work to take the punch bowl away from uncontrolled buying of stocks bonds and real estate inflation hedges.
And the Economy is a big losing mess like a tangled up fishing line instead. The “Covid Relief Rally” is NOT working too good or at all.