Are we hurtling towards another 2008 ?
First Silvergate Bank, Silicon Valley Bank, Signature Bank and Credit Suisse went belly up. Now Deutsche Bank’s stock has lost 26% in the past month and it is starting to crumble. Why is it a worrying sign ? Deutsche Bank is Germany’s biggest bank with around $1.4 trillion in assets. If it goes down then it will have a domino effect on rest of Europe. The rest of the world will not be immune to this as well. Wider indicators of financial market stress are also flashing, with the euro falling against the dollar, euro zone government bond yields sinking and the costs of insuring against bank defaults surging despite assurances from policymakers that the global banking system is safe. https://www.reuters.com/business/finance/deutsche-bank-ubs-hit-bank-fears-spark-stress-signals-2023-03-24/
Reuters
also its life time opportunity if u have cash
So many people I talk with are hoarding cash now because they are expecting a crash. I don’t know how a crash could happen if everyone is ready to buy the dip.
You have to realize that our bubble here on blind is quite small in the scheme of things. For. Everyone you know with 500k+ liquid right now, there are many, many more who are not prepared at all.
2008 is cakewalk compared to what is coming. The crash will be as bad or worse than the Great Depression. It will take time. Imagine decades of sht.
You wish!
Fear-mongering bullshit.
With the fed keeping rates at practically 0 for the better part of 15 years everyone is accustomed to easy money and passive gains. The “buy the dip”-ers could be in for a rude awakening. I hope I’m wrong
Yes. I’m enjoying this oncoming train wreck. Bring it on. 🃏 🍿