The New CS Board

[dmorse]

Lots of cash buyers in everything! The CB has created a ton of wealth for the top % while leaving the middle class and poor behind. I don't think the real estate bubble is quite as bad as last time. Prior to 2007 you could buy an investment property with no money down. You also had stupid programs which allowed people with terrible credit to buy houses. The stupid financing hasn't come back yet. A stock market correction shouldn't crash the economy. Student loan defaults... the jury is still out on what happens there, but I don't think it creates a black swan event. I've been thinking the stock market is overvalued since 2011, but I think the economy can handle a major stock market correction. The Fed is reloading. We shall see how this experiment ends. However, black swan events are rare and we just had one so the chances are likely that we muddle through this.