“Experts” deny stock crash risk, ignoring 2007’s misleadingly positive economic indicators before S&P collapse.

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It’s unbelievable how “experts” claim there’s no way stocks can crash because we don’t see it in the data. Here’s a WSJ article from June 2007 and the corresponding S&P chart. Notice phrases like “economy looking pretty strong,” “jobs ahead of expectations,” and “Goldilocks scenario.” Yet, labor productivity saw downward revisions, and inflation-adjusted wage growth was cut into negative territory for Q4 ’23. With US Q1 GDP growth at only 1.3% and Core PCE Price Inflation Index acutely up to 3.6%, we’re in the worst scenario for the Fed. Is a soft landing still possible in the US?


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