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Strategies & Market Trends : US Inflation and What To Do About It

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To: RetiredNow who wrote (791)5/30/2018 10:56:36 AM
From: John Vosilla1 Recommendation

Recommended By
fred woodall

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I'm seeing more and more people in poor health with even worse financial situation basically no savings, bad credit no equity. Many doing well are also the ones most highly leveraged, over consuming living beyond their means. A smaller and smaller pool with true equity via their 401k, real estate and small business to me. A scary thought considering asset prices already high. Actually a recession like 2001-02 in the next couple of years might be the best thing at least clear out some excesses because policies directing higher home ownership, leverage, consumption, HELOC withdraw and new construction is coming for better or worse to keep the party going. An all everything bubble with every asset bubble on steroids say 2023-36 period might be the worst of all. With very low home ownership rates, lack of new affordable housing built for 12 years and generational low mortgage debt/GDP ratio much room to grow till hit that wall. Agree with you the wall seems to have been hit most everywhere else you turn in the economy. Am hoping Trump economy normalizes rates creating more balance and gets the animal spirits flowing with more Millenials who tend to play the victim way too much these days. The obstacles at this point are enormous due in large part the fed kept rates so low for so long..
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