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Reply to "Checked 401K today after not looking in 3 months"
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[quote=Anonymous]Household net worth ballooned by $39T (Yes T for trillion) during the 2 year COVID span. That's 158% the entire US GDP. During the .com bust, that same number was 79%, and prior to the housing bubble crisis in 2008, thst number was 98%. Let that sink in. In what sane reality has the US economy improved so much DURING COVID that everyone in the country now is 158% better? What a joke....it's a gigantic asset bubble that needs to burst badly because it was fueled on cheap money. After the .com crash, the market never topped out again until over a decade later because the govt kept stimulating the economy after 2008. After this crash happens to withdraw the 158% gains, we could be in pain for a lot longer this time around.. try 20+ years.[/quote]
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