-5
USA: The financial meltdown is beginning.
(www.nbcnews.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 23 Jun 2024
-5 points (40.7% liked)
Personal Finance
3868 readers
32 users here now
Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!
Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)
founded 2 years ago
MODERATORS
For now, yes. Last year, it was tech. This year, it's fintech, which is still tech. And we've got the looming tsunami wave of commercial office space on the horizon, too. Last year, nobody had any issues getting their money. This time, 2.9% of people did. What will it be next time?
There will always be something to trigger a market correction. Fintech is a good guess since they have kind of followed the wave of tech hype, but I highly doubt it'll trigger anything more than a modest market correction in the finance sector.