Quote from: Herman post_id=488367 time=1671565620 user_id=3396Quote from: DKG post_id=488335 time=1671549513 user_id=3390
Stocks could be hit next year by the worst earnings recession since 2008. There could be an earnings recession that could be as big of a surprise to the market as it was in 2008. An earnings recession is likely not priced into the market yet. Another downside is coming. It all comes back to central bankers destructive high interest rate policy.
The bastards are deliberately taking money out of the pockets of retired folks. You do not have to be an investment pro like you to know high interest rates mean lower earnings which means lower returns on our savings. Fuck the Fed.
In bear markets, stocks don't typically fall in a straight line. The result of Biden's inflationary policies during the pandemic and the Fed's response will be fading economic growth and corporate earnings.