What are Veeky Forums's prediction for the economy in 2018?
I am very pessimistic on the whole and believe that by Q4 2018 or Q1 2019 we will be in recession, preceded by some large scale stock market crash. However in the very short term over Q1 and Q2 2018 I believe the best gains are still ahead, with thrill turning to unqualified euphoria and the potential for the markets to go parabolic before crashing out.
In terms of crypto as a basket of coins, I am unsure how the year will pan out. The sever crash will either propel them to the moon and enter the crypto market into a new paradigm, or will also tank the market. As a hedge, the majority of my portfolio is now in the precious metals, but if you don't mind taking a risk crypto could do astronomically well this year. As far as specific coins go I see bitcoin falling of the top spot and being replaced by either Ripple, Etherieum or Moreno all of which I see having a great year.
>sever severe. Pretty significant typo given the context.
Jonathan Sullivan
I'm with you. I expect some sort of catastrophic, 2008 style market collapse and for Trump to blame China.
Anthony Cook
Yes every analyst agrees that the market could burst at any time. The Quantitative Easing and 0% interest rates for bank means that people try to buy as much assets as possible.
Meaning housing market, stock market. And even crypto are ALL in a bubble right now.
The problem is there is no place to invest that is resistant to this. EVERY asset is in a bubble right now so they are ALL going to crash.
Cashing out and putting your cryptomoney in stocks will still result in a crash. Same with precious metals or oil.
Government treasury bonds will just get paid with new Quantitive Easing money. It's going to be harsh.
I will try to buy as much real estate as possible even though it's in a bubble right now. At least I will be able to rent it out for some money after the crash.
What are some other user's plans to survive the coming economic crash?
Xavier Williams
Whatever Krugman says will actually happen.
Benjamin Murphy
>EVERY asset is in a bubble right now Not precious metals
Noah Hughes
I work in the mining branche. Yes metals are in a bubble right now. mining technology and economical ore deposits have increased exponentially the last couple of years. The cost of mining gold and silver have been more than halved since 2015 while the production capacity has increased several folds. It's just that restricting the amount of ore they are mining would guarantee the best price so they are not producing it at peak capacity and even shut some mines down.
Basically when prices increase they will suddenly up their production capabilities and overflow the market with cheap gold and silver like what happened a couple of years ago as well.
You're fucked either way mate.
Austin Anderson
citation needed
David Smith
full force clown time line engage
Christopher Adams
I disagree. The last recession never ended. The recovery was a meme. Trump lowering the business tax rate to 21% will see business boom like we haven't seen in a generation. We'll see 4-5% growth easily, 6-10% possibly. 2018 will make the 2017 crypto market look like a joke. The top 20 coins will have 100b market caps minimum.
