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One may argue the markets were irrational during the ultra low interest rate period and this disaster here is the result of hoping they would return to irration
by heisenbit 4y ago
One may argue the markets were irrational during the ultra low interest rate period and this disaster here is the result of hoping they would return to irrational before liquidity ran out.
- mym1990 4y agoEh, during the low interest rate period things seemed to behave as one might expect: companies deploy capital and hire like crazy, companies have access to mountains of investment pools, home prices rise, inflation rises, etc... Many of the things happening today are contradictory, but eventually a domino falls to topple everything else. Knowing which domino does that would make you lots and lots of money, albeit maybe with some guilt as everyone else suffers.