My bet is corporate debt as it has more of a cascade risk systemically. The thing about the housing crisis was that it dropped asset prices and really pinched

My bet is corporate debt as it has more of a cascade risk systemically. The thing about the housing crisis was that it dropped asset prices and really pinched consumers. Failures in other areas like auto loans will likely pinch holders of the CDOs but only make it slightly harder to get a car loan. The transaction amounts are relatively low compared to housing. That said - corporate debt is in the trillions and if your favorite Fortune 500 goes belly up a bunch of jobs go with it. Not to mention the overall equity losses to those holding index funds. That said... my long term bearishness has not really been super well paid off haha. My hypotheses ain’t worth the bits they’re stored on.