I do wonder if there's a point where other markets pull a Japan and kind of fall into a semi-permanent stagnation. The Japanese stock market dropped massively during the late 80s crash and spent the 90s and 2000s pretty flat, and it still hasn't gotten back up to its heights from 30 years ago.
If your retirement isn't supposed to be in the next 10 years I would ride it out. Impossible to predict whether any banks might go under though, however they seem better prepared compared to 2008.
impossible to predict whether any banks might go under
We bail them out now, and they know it. It will just cause worse inflation, but the banks will still be there one way or another. They'll sell the loan and we get to keep being wage slaves
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deleted by creator
I do wonder if there's a point where other markets pull a Japan and kind of fall into a semi-permanent stagnation. The Japanese stock market dropped massively during the late 80s crash and spent the 90s and 2000s pretty flat, and it still hasn't gotten back up to its heights from 30 years ago.
If your retirement isn't supposed to be in the next 10 years I would ride it out. Impossible to predict whether any banks might go under though, however they seem better prepared compared to 2008.
deleted by creator
We bail them out now, and they know it. It will just cause worse inflation, but the banks will still be there one way or another. They'll sell the loan and we get to keep being wage slaves