Quote:
Originally Posted by Chi-Town
With the downturn today there is talk of a Minsky moment. That would not be good.
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Chi, you made me look that up.
I just read a rather lengthy article about it. Such is my exciting 2020 life — in my house — reading
Investopedia articles.
The old bull has been running way too long. Besides, this feels like a frenzy. Unsustainable.
It’s been a house of cards for a couple of years, propped up by trillions of dollars generated by those corporate tax cuts being used by companies to buy back their own stock.
There is a quote that I use sometimes. (I probably have already used it in this thread. I know have used it in other threads. But it bears repeating.) “Unrestrained greed is not only bad morals, it’s bad economics.”
Cassandra Boomer