Quote:
Originally Posted by Laker14
Stuff goes up, stuff goes down. As long as one doesn't have all of one's eggs in one basket, and one doesn't overextend themselves financially, these little blips in the housing market, or the stock market, should be inconsequential to the quality of life.
I'm getting older every day and I've seen this, and much worse, before.
Nothing to see here.
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In general agreement with that, "but", no sign of the national debt getting under control - along with all those unfunded mandates. Mix that with all the obfuscatory craziness the Fed has pulled since the finance industry did their thing that led to 2008, the recent interest rates/inflation "interestingness", and this time "could" be different. Believe I've read that that high in 1929 didn't get breached until 1954, for example.
Also, anybody else on here follow Peter Zeihan's entertaining videos on YT? If only he could learn to pronounce "nuclear" and "molybdenum". :-) His take on coming geopolitical changes is "at least" something to seriously ponder. Would just make this a new thread if I could remember how to go about same. :-)