The stock market's current levels are crazy high, and we're already past-due, historically, for a recession. It is obvious to me that this bubble will pop and we will have a very large correction in the next few years (if I had to guess I'd say 2019 or 2020). What's not apparent yet is "the needle" / what mechanism will cause this to happen.
Student loan debt looks like one potential piece of the puzzle. But the implications for the economy of it caving in on itself are unclear.
I believe this will be much worse than "the great recession" of 2008 since asset values will fall from much higher peaks. And given President Trump's un-orthodoxy, it's tough to say what the political response will be.
How do you prepare? What can you do to protect yourself? Are you "anti-Fragile"?
If you were in business in 2008, how did it affect you? How long did it take to rebound? What did you learn from it? Were there any good threads on this forum from the time?
Student loan debt looks like one potential piece of the puzzle. But the implications for the economy of it caving in on itself are unclear.
I believe this will be much worse than "the great recession" of 2008 since asset values will fall from much higher peaks. And given President Trump's un-orthodoxy, it's tough to say what the political response will be.
How do you prepare? What can you do to protect yourself? Are you "anti-Fragile"?
If you were in business in 2008, how did it affect you? How long did it take to rebound? What did you learn from it? Were there any good threads on this forum from the time?
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