What actually happens when the bubble pops - seeking more experienced users opinions
Just read an article where Jeremy Graham claims we are as the peak of a super bubble that will likely pop when the fed raises interest rates. This isn't the first whale that has warned us of whats coming and most finance professionals seem to agree that the end of the bull run is nigh.
Seeing that i'm 24 years old I haven't fully experienced a recession before especially as a finance professional and i am curious to know how this would affect my job and future as I start full time in July.
I see a lot of fire and brimstone predictions saying banks will shut down and full economic collapse will be in full force etc but I think people who have invested in real estate, crypto and stocks will see their portfolios wiped out for years and the democratic party will blame trump when Biden doesn't know how to put out the fire thats the full extent I predict.
So far those of us that can remember 2008 and even 2001 (doubt theres many people from the 80s here), how do you think it will play out?