Recession in 2019? The Great Recession 2.0
Is the second housing Armageddon coming in 2019/2020? If you think this, why?
Article from the Jesse Colombo at Forbes - Housing Bubble 2.0: America's Housing Market Is Up 49% Since 2012
Since the dark days of the Great Recession in 2009, America has experienced one of the most powerful household wealth booms in its history. Household wealth has ballooned by approximately $46 trillion or 83% to an all-time high of $100.8 trillion. While most people welcome and applaud a wealth boom like this, my research shows that it is actually another dangerous bubble that is similar to the U.S. housing bubble of the mid-2000s. In this piece, I will explain why America's wealth boom is artificial and heading for a devastating bust.
Do you think its possible to have a recession as bad as 2008? Can it be worse? Have we learned a damn thing since?
Share your thoughts!