• ComradeSalad
    link
    fedilink
    arrow-up
    16
    ·
    edit-2
    1 year ago

    Last time they said something like this, it was a year before the housing bubble crashed and the world financial markets shit the bed.

    Can’t wait to see the new crisis.

      • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
        link
        fedilink
        arrow-up
        6
        arrow-down
        2
        ·
        1 year ago

        I’m expecting this one will be a lot worse because the last one was stabilized by China buying up a fuck ton of US bonds. Fat chance of China bailing US out this time around. Not only that, but around two thirds of US bonds are held by the Global South, and these countries are now dumping the bonds.