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Lots of experts have been predicting a crash for at least a few years now, but none of them are saying what's the catalyst. Right now there's a huge inflation,
by StrLght 5y ago
Lots of experts have been predicting a crash for at least a few years now, but none of them are saying what's the catalyst. Right now there's a huge inflation, unimaginable valuations, lots of retail investors -- yet nothing has triggered a noticeable reaction.
After reading articles like this you always have to remember that the market can remain irrational longer than you can remain solvent.
- xivzgrev 5y agoThis is what I wonder. In the dot com and 2008 recessions it was fairly obvious what was fueling speculation - websites and real estate. Now…I don’t see it. Crypto, but it feels like it’s not mainstream enough to send economy into tailspin. If bitcoin crashed tomorrow, the economy would probably shrug and say “yea that was expected”.
- kqr 5y agoTo be fair, to most people it wasn't fairly obvious before it happened. So it seems like also the next time it will be obvious mainly in hindsight.
- sys_64738 5y agoThey were predicting a crash at the tail end of 2019, pre-COVID-19. None of them predicted what happened next although I bet some will claim March 2020 was what they foretold.