Everything bubble

Posted on: August 20, 2024, 6:28 pm

I’m starting to see the same trends occur as they did just before the 2009 crash. Restaurants and large retail chains are closing locations or going into bankruptcy.

The current economy is unsustainable. Housing prices, food, the insurance industry, healthcare, education, energy, and debt— all major sectors— are at levels that cannot be sustained and will eventually burst. It’s hard to give a time frame because there are so many layers involved. It could be 2 years or 6 from now, but the everything bubble will burst.

There are winners and losers in every crash, but I fear this one will be painful, worse than anything in the past because this bubble is just so big.

Economic turmoil has become increasingly frequent, something my parents and their parents never experienced. We need to get back to that.

The fix happens at the top, with the government. Unfortunately, the state of our current government is a circus 🤡, and given the current political climate, I don’t see them fixing it. I doubt they could if they wanted to at this point.

Maybe this bubble will finally usher in the reform and change so greatly needed.