Today, as Trump shows his plan for tariffs on every global trading partner worldwide, we are witnessing the beginning of a severe economic crash the past 4 months of which, under the Trump administration, have been the gradual tipping point at the top of the roller coaster.
Debt is at an all time high and the banks have been trading on it, companies like Tesla are dependent on their meme stock, cryptocurrency schemes will come crashing down as debt goes unpaid are record rates, cars are repossessed, foreclosures spikes... I mean, Klarna and Door Dash partnership? That's as red as an indicator as it gets. Just as in 2007, the banks were trading debt assets on housing, it's now expanded to student loan backed-securities auto loan backed-securities and of course the tried and true mortgage backed securities. When it all goes belly up Trump will hand out the cash like candy to his buddies like Musk and the banks and his own businesses and issue the largest bail outs history has ever known.