Wharton professor sees $34 trillion debt triggering 2025 meltdown as mortgage rates spike ab

[engineering]

These people will be lucky if interest "spirals" to 7%.
30 day UST is already 5.54%
All has to happen is for the yield curve to stop being inverted.

 

[murray t turtle]

I'm really curious to see your reaction when the day of reckoning comes and the market falls off the cliff. Will you be elated? Feeling vindicated at last? Or will you jump in the trade with other (smart) traders who have been long up to that point and have just switched to short?

%%
LOL;
in a stock market context, as if goofy gov debt ruins stock capital market ;
may goof up gov debt market a little or lot, but payday someday.
Another problem for stock bears / US stock capital markets have trended so well on uptrends;
100 years before Fed was invented.
Even US goofy gov debt markets ; may not be as goofy as that prof LOL ''predicts'';
chicoms, russin evil empier ripped to many people off, so strange but true.
I think that was Mr Soros partner =Stanley Drunkenmiller that said ''it takes courage to be a pig'' LOL Exactly
+ He disclosed he blew up an account once ;
never +ever invite a non kosher swine to dinner

 

[Pricechange]

I thought Univ Penn was canceled .. Someone is trying to make themselves relevant again and its just a sad display

 

[schizo]

I have my retirement account that's printing free money every single day so that portfolio just sits there collecting money while I trade around the mayhem of a one directional market...my other account Is a mix of long and short that's doing actually well...I have owned longs in that account for years which have come back so strong that the short etfs I own now are being over ridden by the long etfs on a percentage basis.

Your neverending sarcasm seems to say otherwise. But congratz on your "free money" all the same.

 

[schizo]

never +ever invite a non kosher swine to dinner

Unfortunately, I've found out kosher is just another meaningless term and there are too many swines to count.

 

[mikeriley]

Problem is USA is a must-own no matter what, unlike the UK

Difficult to leave a legacy for kids if you don't own anything.
Real-estate can keep your grand-children and their kids
out of poverty if properties are properly managed.
Not owning anything will lead to cycles of poverty.

I know this by experience, as my parents left me nothing.
I will not do the same.

 

[murray t turtle]

Unfortunately, I've found out kosher is just another meaningless term and there are too many swines to count.

%%
I see your points;
but as they say in TX ''NO such thing as a kosher hawg[[hog some say it LOL]
My banker dad liked to hunt hawgs[ hogs];
but he left me no big bucks .
But he gave me some super books+ a lot of his time as a kid.
Mom left me some bigger books, free money[of course she paid for it LOL] + super stuff.......................................................................; but mom was giver to the max/ to the max...................................................................................................................

 

[Pricechange]

Difficult to leave a legacy for kids if you don't own anything.
Real-estate can keep your grand-children and their kids
out of poverty if properties are properly managed.
Not owning anything will lead to cycles of poverty.

I know this by experience, as my parents left me nothing.
I will not do the same.

Actually...I do have kids and real estate is the one thing I will bank on as an inheritance wealth keystone. We do currently have inflation and it may stay around longer term. And the countries that I have studied which have experienced this in a major longterm way have shown that residential real estate is the one thing that holds value in the very long term in that type of environment. Deflation actually destroys real estate value (japan). Long term inflation can destroy some sectors of the economy and thus some stock sectors...but not all.

 

[murray t turtle]

Your neverending sarcasm seems to say otherwise. But congratz on your "free money" all the same.

%%
LOL;
Sarcasm is a rather polite+ too kind way way of putting it;
congrats on your politeness but no the overkindness part .
Congrats on you free post on kosher + swine remark.
Hog hunts are big business in TX; cash or check business . Not debt.
Not owning anything is a good way for a poverty cycle.
RE can do better than benchmark SPY + vice versa;
I like ETFs market more than RE, mostly . Easy to make a good case for either one, or both ;
i would not want own RE in a high tax , high regs + population loser like NY+ much of CA.

 

[jys78]

It doesn't matter. You can find endless headlines and detailed stories of why the market will crash, or for that matter soar. None of them matter. Don't waste 1 more second paying attention to any of that foolishness.