It'll also all just get bought up by private equity.

“Become a landlord” is going to become the next “learn to code” isn’t it?

: “Oh no no no. It’s boom for me, but bust for you! I’m sure you poors don’t MIND being poorer, after all!”

Okay...you asked for it

yeah, he does excellent analysis

Maybe I should invest in China sooner rather than later...

The Fed keeps pumping money in to prevent a crash. In doing so, they have been priming the economy for a depression era type crash, but they don't know what else to do. You can thank Obama. He could have bailed every day Americans out, and reset the economy in the process. But no, he saved his banking friends.

It's kind of a game of hot potato. Nobody wants to be stuck with the big crash, so they use whatever tools they have to kick it down the road so it becomes a problem for the next admin. Thing is that you can't keep doing that indefinitely because the fundamentals continue to deteriorate. All that accomplishes is to ensure that the crash will be bigger and more profound when it hits.

We never recovered from 2008, I’d say.

and the bubble's been getting bigger the whole 9 years

People have been saying this for your entire lifetime.

I mean there was a crash when the pandemic started, it just wasn't as severe as 2008.

lmao totally a thing you do when there's nothing to worry about

That will definitely be happening, and countries that rely heavily on trade with US will end up being dragged down with them. In general, I expect that BRICS countries will be better off while G7 ones will be worse off.

Amusingly, Russia might be the one country that's best prepared for this because of the forced decoupling with the west. China has also been working on creating a dual circulation economy. The strategy focuses on domestic market, or internal circulation, to adapt to an unstable international trade environment. https://chinapower.csis.org/china-covid-dual-circulation-economic-strategy/

Housing I’d guess.