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The Hazards of Asset Allocation in a Late-Stage Major Bubble
- JMTQp8lwXL 6y agoBubbles can only be called after they burst. From my perspective, there's no reason the fiscal or monetary policy can't continue this further. On the other hand (note: sample bias) I see a growing number of rational investors raising these concerns. Not that one guy shouting that tomorrow is the start of the next recession for the 80th time, but ordinarily quiet buy-and-hold investors.