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Reply to "Checked 401K today after not looking in 3 months"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It could take a very long time to come back. This isn't like 2008. The Fed put is gone. 2008-2021 was an anomaly driven by an excessively accommodating Fed. That era is over. [/quote] Pessimistic people said the same thing in 2008 regarding 2001-2002. [/quote] Dumb take. Back in 2001-2002 and 2008 the govt didn't have over 100% debt to gdp ratio, nor was there 40 year high inflation. The govt and fed are both kneecapped on what they'll be able to do in the event of a bad recession. It means it could get bad for a very long time and the US economy grow at a snails pace in the future with the ensuing debt load we are racking up.[/quote] Ditto. Pessimistic people always find reasons to be negative.[/quote]
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