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Its different than 98. We had a huge housing bubble. We had people getting no income loans. It doesn't seem the same in this case. The biggest risk is going to
by samfisher83 9y ago
Its different than 98. We had a huge housing bubble. We had people getting no income loans. It doesn't seem the same in this case. The biggest risk is going to be the 1 trillion dollar deficit which is resulting in rising yields which makes stocks less appealing. However if you have a lot of inflation you need to put your money in some assets since the value of the dollar is going to be lower.
- anigbrowl 9y agoGood points all, though I'm wary of debt merely having shifted into things like student loans and subprime auto loans (which have a worryingly high default rate). It's not the same by any means, but I feel the combination of an overdue correction and political uncertainty could prove a toxic one.