Yet.
Crashes are not instantaneous.
Crypto alone is easily a dot com sized scandal.
Cheap cash has led to a lot of dysfunctional and gigantic industries, eg food delivery.
We are nowhere near the bang yet.
Crashes are not instantaneous.
Crypto alone is easily a dot com sized scandal.
Cheap cash has led to a lot of dysfunctional and gigantic industries, eg food delivery.
We are nowhere near the bang yet.
The cheap cash situation on the other hand is the elephant in the room. Unprofitable companies are about to be under immense pressure.
I don't know if there is going to be much of a bang rather than a very long deep slide for equities (especially tech) as indices undergo P/E compression. When we start seeing 12 P/E then maybe things will turn around.
That's what I used to think, until I began to see how connected it was to other parts of the economy. Once financial institutions get involved, you just don't know how connected that system is anymore.