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[–] 4 points 11 months ago

Y'all cheering for this crash are naive as hell. Yeah, it has to happen, better sooner than later, but it's far too late to avoid global depression.

Have a search for the Buffett Index. It's the measure of total stock valuation vs. GDP.

  • In 1929 it was around 130%.

  • 2000 was 150%.

  • 2006-07 was around 110%.

  • 2021 hit over 200% for the first time.

  • It's at 230% today.

None of us have lived a crash like what's coming.

https://www.currentmarketvaluation.com/models/buffett-indicator.php

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