Josh Sigurdson talks with author and economic analyst John Sneisen about the dramatic fall of the stock market as euphoria bubbles the markets at an epic scale.
The stock market is currently having its worst second quarter since 1929, soon after leading to the historic crash of ’29.
We’ve seen the S&P as well as the DOW continue to drop out recently as it hit all time highs. Many are blaming the trade war with China. Others are blaming Trump’s comments on Amazon. The truth is, regardless of the president, this had to happen. This is what vast manipulation does. This is what heavy centralization by central banks will do. This is the result of investor confidence with lack of actual fundamental value. The continued insolvency of the banks. Reaching hockey stick highs, peaking and having no where to go but down.
Sure, the fundamentals are off the table due to the level of manipulation in the markets, so we cannot say when the crash or collapse will happen, but we know it will indeed happen. It has to. This is why we must prepare ourselves and be self sufficient and financially responsible.
The solutions are there, one must simply first understand the problems to apply the solutions.