Quote:
Originally Posted by chassis
Need to bring third party data into the discussion. The stock market is not the story, the underlying economy is the story. The US Federal Reserve has a great data tool called FRED, check it out. It can tell the economic story in a deep and wide way, over decades and many economic cycles.
I see no debt problem in the economy.
I see strong consumer spending.
Some things like construction is slowing (regionally) and car sales are flattening, but these are at high levels, or near trend, now.
Could it be possible that the economy, similar to 2016 and 2017, is flattening from a growth point of view, before it takes another run forward at trend growth of around 2% per year? I think it’s possible.
The stock market is volatile by nature. I pay little attention to it.
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Isn't there over $9 trillion in corporate debt? I see that as a huge problem, it might be not be imminent, but it won't take much for that to blow up in all of our faces.