4 ms·
It's MUCH worse than that. PFs and insurers are going down the credit ladder, taking worse and worse credit quality in order to get SOME yield. Thanks to QE c
by HSO 7y ago
It's MUCH worse than that.
PFs and insurers are going down the credit ladder, taking worse and worse credit quality in order to get SOME yield.
Thanks to QE concocted by MSEs (mainstream economists).
Don't even talk about China.
When this bubble finally bursts, it will be so bad we will look back with fondness on 2008. Kind of like we look back today on 1987 and think what was that kerfuffle all about.
There was a funny line in All About Mary: Each year is better than the next. As long as economists are still in power, each bubble is cuter than the next.
- leshow 7y ago> Kind of like we look back today on 1987 and think what was that kerfuffle all about. Do we? The 1987 crash was the second worst market crash in history follow the great depression. Or at least that's what I thought? In terms of adjusted dollars was it not worse than the dot com crash and the 2008 crash?
- ohiovr 7y agoI'm not sure the 87 stock correction was worse than the recession preceeding it in the early 80s.
- remi_dez 7y ago> Kind of like we look back today on 1987 and think what was that kerfuffle all about. Between January and December 1987 the S&P500 had a positive return. [0] Yes, there was a big crash in the middle, but if you were not over leveraged and didn't look at your investments except in January/December, this was a year of very ordinary returns. Certainly no biggy for long-term, pension fund type investments. [0] http://futures.tradingcharts.com/historical/SP/1987/0/continuous.html http://futures.tradingcharts.com/historical/SP/1987/0/contin...