Recent comments in /f/wallstreetbets

mabsta t1_jdk2fyx wrote

Crash is always six months away. But everyone has a job. Those at the bottom of the income ladder have gained the most, and they just pump money into the system. Spring break travel is higher than last year. This is the first year without a variant or some other covid issue, so still pent up demand, going back to the office, etc. Interest rates haven't changed debt service for fixed rate mortgage holders. But would I want to own empty office buildings? Hold floating rate debt? Buy my wife's boyfriend a house? Not in 6 months, no.

8

NarcolepticTreesnake t1_jdk1ub3 wrote

Some people even have 3! We have so much employment companies are posting positions that only Bigfoot riding on the back of a unicorn smoking Dracula's pubes can fill.

I agree, this feels very similar to March '08 but with $1.5Q in global all sector debt derivatives, $400T of which have been created in the last 4 years. There's going to be bank to made when the government turns the printing press on for reals this time, not like that piddling 2020 shit. Commodites, energy and resource extraction are going to fuckin print.

1