Stock market crash: 30-year investing vet explains imminent bubble pop - Business Insider

"We've been in a 1% or 2% growth rate, sustained only by money printing by the central banks," Biderman said. "And how do we counteract all the laying off and shutting down of the economies? 'Let's print more money!'"

"Would you believe that pre-tax wages and salaries are down 12% year-over-year?" he said. "In a world where it's 12% down, car sales and new home sales are spiking. So there's no money, no income, but car sales are going up. Housing prices are going up. That can only mean that people are using money, borrowing money, or putting excess liquidity into assets and not worrying about making an income.

Hertz shares more than tripled after the company announced bankruptcy on May 22, bottoming out near 55 cents per share on May 26. To Biderman, market participants are simply trusting the US government and Federal Reserve to bailout institutions that have come under pressure due to the virus.

Of course: the Fed & those keeping the markets afloat now will tank it for Biden. Proves the point how corrupt and detached the market is from the actual economy. 40 million people out of work and we’re still in positive territory. Crazy.

lemme guess... he's a short seller?

How about intruducing a bill to stop cut money in half to nsa cia fbi dea..have the drugs stopped? Did 911 get prevented did oklahoma get stoped did we find weapons of mass destruction?school and infrastructure.nobody gives a shit about the bubble.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

30 quotes that take you inside Albert Einstein's brilliant mind - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Einstein had a brilliant mind but also had a set of brilliant Maths Proffs on his team, Einstein had a vision and an idea and would get the maths worked out with his team of Maths Proffessors.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside Biden's Instagram influencer strategy, virtual campaign - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Great Twitter Numbers One Two Three Four Five Six Seven Eight Nine Ten Eleven Twelve Thirteen Fourteen Fifteen Sixteen Seventeen Eighteen Nineteen Twenty. BIDEN=CHILD ABUSER 😤😠
Source: BusinessInsider - 🏆 729. / 51 Read more »

3 reasons I'm not investing any extra money in the stock market right now - Business Insider'My long-term plan takes into account extreme volatility that averages out over the long run. For the time being, I'm willing to ignore the short-term market swings and contribute my monthly savings as I always do'
Source: BusinessInsider - 🏆 729. / 51 Read more »

Here are the 10 biggest stock exchanges in the world, ranked by market cap | Markets InsiderTraders increasingly turn to exchanges worldwide for round-the-clock price action.While the London and New York stock exchanges are the worl... I'd prefer to see the 10 SMALLEST stock exchanges in the world, they're far more likely to offer overlooked value opportunities. Nobody averega working american cares! Report about companies that are hiring in usa with good pay and. Benefits too all citizens! As im applying for the big dog position!
Source: BusinessInsider - 🏆 729. / 51 Read more »