3 ms·
The inflection point is 1971. https://wtfhappenedin1971.com/ https://wtfhappenedin1971.com/ 1971 was basically the year the government decided it could print
by nostromo 2y ago
The inflection point is 1971.
https://wtfhappenedin1971.com/ https://wtfhappenedin1971.com/
1971 was basically the year the government decided it could print money infinitely. Assets prices used to go up and down, now they mostly go up. The last two times real estate corrected, the Fed gobbled up mortgages like they were going out of style.
The 50 years since have been an aberration -- but I'd argue mostly it's been better than before... maybe those good times will come to an end, or maybe they won't. But if real estate crashes hard in the US, so will equities, so don't pretend you're safe.
- 0xbeeffade 2y ago>I'd argue mostly it's been better than before... maybe those good times will come to an end[...] "And the gods of the copybook headings, I notice outlast them all."