worried about bubbles
Is anyone else worried nowadays that we could be headed for the biggest economic collapse since the great depression... Everything nowadays is just so leveraged, most notably our entire country, not to mention crypto, personal debt, stocks trading at 1000 P/Es, China replacing us economically.
I feel like all would take right now is for the first domino to fall and the entire US fiscal system crashes. There is no way the government can just keep bailing out everyone and printing more money when things go wrong.
People live in this fantasy where they pretend the US is too big to fail- that we could never end up like Venezula, Zimbabwe, or even to a more mild degree, Japan's stock market over the past 30 years.
At some point in our lifetimes it won't be the real estate bubble, or the crypto bubble, or the covid-relief bubble, but truly a US government bubble and I'm scared to see what could happen.
is worrying going to fix the issue? I don't think about it because realistically, I am not going to pull my money out of stocks unless I knew for certain the market was going to crash which no one does.
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