Quote:
Originally Posted by Leondros
My point is I don't think it will be quicker. We just had a massive bullrun with the last couple of years being attributed to massive stimulus in the form of tax cuts and stimulus. I think we are in for some trouble because of this. Mr. Bumface brings up the points I'm concerned about - high levels of debt maturing, inability to really roll-over this debt nor people seemingly having an appetite to do this, inability to service said debt. And as Mr. Friedman postulated, we could very quickly get into a destabilization right out of the gate.
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We could, sure. But the types of problems you and Mr. Bumface bring up are pretty standard things that the market faces on a pretty much continual basis.
They are NOTHING like the issues faced in 2008 for example.
As for whether it's quick or not, we'll see. But yeah, that is a fundamental issue with respect to severity. THE fundamental issue, IMO, in this situation.