by Outcast_Searcher » Sat 09 Jun 2018, 12:20:08
1). Short term US interest rates will continue to rise, as the FED continues to raise rates as a trend.
2). Scumbag banks will still mostly try to pay depositors a mere 0.1% or so for MANY types of deposits, even as they charge credit card holders well over 20% rates on average. (You can already get rates more like 1.75% for perfectly safe money market Treasury mutual funds, but you have to check rates, and be willing to move the money. Or even "high yield" internet bank accounts pay roughly 1.5%, but again, you have to go to the effort to move the money. As interest rates rise, you're just getting screwed more and more by the banks if you don't move the cash you don't need to spend in the short term. It's worth looking into.)
3). The Beltway (both sides of the aisle) will continue to put up with the banks charging usurious rates for unsecured credit and paying near zero, as they like donations from the powerful banking lobby far more than they like helping voters or "the little guy", no matter what they say.
4). Aside from that, Cog's predictions sound about right to me, but I'll add one.
5). When the stock market is weak, the left wing press will say its all Trump's fault. When the stock market is strong, they will say Trump has no real bearing on that.
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.