It will take a few more rounds of tightening by the Fed to get the herd heading to the exits. With so much money in index funds, the waves of selling will be unrelenting I imagine.
I don’t see a 1930’s-type depression reappearing. After 2008, it’s clear the Fed will buy up everything, either directly or through proxies, to prevent a true panic bottom. I’m thinking stagnation and a lost decade or two similar to what Japan saw after its bubble popped.
Sounds about right, as long as inflation recedes. I don't see that happening. Unfortunately what we need is a real cleansing of the gunk ed up system the FOMC has created. Inflation makes this time truly different. Most of these 30-40 year olds have no idea what inflation is.