This seems very 2008. There was this belief in the summer time that everything was going to be fine, the stock market would just keep going up and up. You could

This seems very 2008. There was this belief in the summer time that everything was going to be fine, the stock market would just keep going up and up. You could tell something was amiss in the housing market, but no one wanted to give you the bad news. The first clue that I had something very bad was happening was the first episode of Planet Money that aired in Sept 2008. It outlined exactly our problems. I don't think anybody right now really wants to consider what inflation is doing, address the corresponding lack of real wage growth, how large institutional real estate investors will be affected by an even small down turn that will happen with increased fed rates, the fact that people are cutting back on spending due to the increased costs of energy. FAANG / Fortune 500s have been sounding the alarm bells. I don't think this will be as bad as '08, but I also think it will be a lot uglier than the general consensus right now.