this post was submitted on 15 Aug 2022
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Late Stage Capitalism
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There is a lot here to unpack.
why is everyone acting like crypto is just done for ever now? If so I've lost a lot of money.
I think a massive rebound will happen, especially when the Fed pivots. Inflation is already slowing down, once they start cutting interest rates the tune will change. Stocks have been going up, crypto will follow.
If you think this is as bad as the economy is going to get, wait until the housing market crashes this year, then still have faith in these bourgeoisie financial systems literally designed to Fuck You.
I don't have faith in them, but this policy of raising interest rates is unsustainable. The US economy is over-leveraged on debt, by raising interest rates this debt becomes unpayable. So they can only go so far.
Another thing is that the reason for raising interest rates was proposed to combat inflation, which is already showing signs of slowing down. With oil going down and the new Inflation Act, it's bound slow down to probably 2%-3%. This makes a Fed pivot to lower interest rates likelier.
I am also expecting a crash to happen in 2023, and an even bigger rebound in stocks in 2024 because the Feds likely policy will be to print massive amounts of money to take us out of the recession. They're printing bigger and bigger amounts of money each time. So stocks will go higher simply because the dollar is being devalued. Of course this is just speculation, so we'll just have to wait and see what happens.