Hey there. I've got an economics degree and work in business. I've been literally telling people how we're in a massive bubble, propped up by fraud and snake oil for years now. The economists you're thinking about on TV have been enshitified just like everything else in the US. It got so bad someone created a Jim Cramer ETF that collected all his stock advice but did the OPPOSITE of what he said. That ETF had a 12% return in 2024.
So the advice you are hearing from "economists" is advice they were paid for. Real economists have seen the writing on the wall for years. We're spectacularly fucked. Like there's almost complete red flags across the board, and the stock market is likely captured and fraudulent and has been since 2008.
Nvidia's price is just propped up by all the AI investment, and it's worth is propping up others like Microsoft. The whole thing is an obvious ponzi scheme as total value in the market exceeds our GDP by 218% now. This literally means the stock market is at least 118% inflated bullshit.
Inflated because the SEC has taken 17 years to roll out the CAT system to prevent fraud that was created as a response to the 2008 crisis. 17 years, and the "fix" TV hosts cheered was so great in 2008 to prevent another crisis is just now as of 2025 kinda being used. I say kinda because it's not fully integrated, doesn't need to be used, and is currently reporting billions of fraudulent failures and trades nearly every day.
The system has been captured and tortured for years and anyone that knew what they were looking at and were vocal about it were laughed at by experts paid to disagree. I've been saying all the above for years, and people thought I was insane. Now you think all economists are insane because they've been paid to sane wash the bullshit I've been talking about for years.
The problem isn't economists, it's that you believe the people on TV are the experts instead of industry plants. Actual experts, they get ignored. All the time. Because they can't compete with the amount of idiots on TV saying the opposite.
So no offense, but stop listening to the people on TV who call themselves expert economists, expert investors, etc and just listen to someone who's actually experienced in that field. My opinion has been discarded for years as I've made hand over fist betting against our economy. Advice I've freely shared yet always been ignored because it goes against what the TV says.
Anyway, here's the next 3 years:
Massive recession turns into a depression. Starting now, but this Monday is going to be a pretty rough day for the stock Market. Maybe not another Black Monday that started the original crash in 29, but we're getting close.
Likely by this November, if not tomorrow, a stock market crash will happen. It's completely propped up, so just a matter of time until the money runs out. Seeing the dip in stocks and crypto at the same time last week screams massive liquidity crisis (big companies needing more liquidity to prop up the current ponzi scheme of AI.) And there's not many places left where liquidity can be found.
Anyway, the value of the dollar has already decreased by 10% this year. Which is an astronomically fucked thing for no one to be talking about.
So just FYI, whatever savings you do have, consider converting some of it into property / vehicles / assets with value as they will each retain their worth as the value of the dollar looses it. Advice you'll never hear on TV, but is actually viable if you want your money to have any of the same value it has now as idiots ruin everything.