In 1929, investors believed a new industrial age would keep stocks climbing. Today, AI is driving another historic market boom while warnings about liquidity and household debt keep building.

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What if the technology revolution is real, but the prices are still wrong?

Americans say the US economy is in its WORST condition in HISTORY

“Consumers across the political spectrum are frustrated with rising prices and a sense of treading water financially,” said Jim Baird, chief investment officer ​at Plante Moran Financial Advisors. “It may not be readily apparent in headline GDP data, but it’s likely to be very apparent as voters cast their ballots in the coming weeks.”
The University of Michigan’s Consumer Sentiment Index dropped to 46.3 this month from 48.1 in September. The third straight monthly decline pushed sentiment close to a record low plumbed in May. Economists polled by Reuters ​had forecast the index at 47.8.
The survey’s measure of current economic conditions slumped to an all-time low of 44.7 from 50.9 in September. Consumers’ expectations improved modestly, though ​buying conditions for durable goods plunged amid high prices and borrowing costs.

SOMETHING STRANGE IS HAPPENING RIGHT NOW

The S&P 500 keeps hitting new highs.

But almost no one notices that 1929 is repeating right now.

The parallels are everywhere.

Back then:

The market wouldn’t stop going up.

Everyone was in stocks.

It was the industrial revolution.

The market was pricing in a new era.

President Hoover said: “Prosperity is just around the corner.”

Then came the worst and longest economic crisis in modern history.

The Great Depression.

Liquidity vanished.

Land sold for pennies.

Farmers had wheat and no buyers.

The people holding physical gold and silver were the ones left standing.

Now look at today.

Record retail participation in stocks.

Highest ever.

It’s the AI revolution.

The market is pricing in a new era.

Trump calls it “the best economy ever” based on the stock market.

But the real economy is suffocating.

Liquidity is evaporating.
Credit is tightening.
Delinquencies are rising.
Savings are thin.

Same script. Different century.

I am not calling doomsday.

I am saying the parallel is too clean to ignore.

Paper wealth is not the hedge.

Physical gold and silver are.

For the record, I’ve called every major turn for the last 10 years, including the exact BTC bottom at $16K, the $111K top in October, and the current pump from $60K 10 days before it started.

Turn notifications on.

When the liquidity leaves and I see the level worth buying, I’ll post it here like I always do.

An Enormous Triple Bubble Bust Has Begun

The three most overinflated bubbles in history are all about to break at the same time. Stocks, primarily due to AI stocks, have never been priced so high above the stratosphere to where one analyst says they are clear up in the “thermosphere.” They are at a level above total GDP that has never been seen before. Housing is priced higher above wages than at any time in history, dwarfing even the huge housing bubble that busted us all into the Great Recession, bringing down banks around the world. And the biggest bond market in world history is now blowing out interest rates all across the bond spectrum at a highly unusual velocity of rising rates while containing the largest national debt ever seen and while funding a huge part of that stock bubble.

It’s all going to blow up when the Big Bond Bubble explodes, and that is the one that is already fracturing all over its surface.

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