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RE: US Stock Markets & Cryptos Crashing... Is This The Big One?
Bouncing back now. I don't think this is the big one. There was no catastrophic fundamental news other than worry about interest rate rises. This is likely a small correction, but when interest rates do rise, that's when things will go to the wall.
I think this might be different than last time, people know this is the big one and big investors were pulling money out of banks way before the general public was aware of the damage last recession. I think that they might try to get ahead of the deflationary event and take profits before official numbers go to print.
I think that even if there is a recovery numbers in a lot of key cities show that real estate has already been faltering, U6 has been terrible and tells us way more than U3 does. The flight to safety is just beginning, get ready people.
Yes you could be right, although the flight to gold (the ultimate safety) is a bit muted so far. Having said that it's risen steadily since 2016. Silver is looking very lacklustre at the moment though. It's got some work to do to catch up.