Reply to Checked 401K today after not looking in 3 months

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[quote=Anonymous][quote=Anonymous][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]

I don’t see the argument. There was massive government investment in basic social safety net during COVID—it sure as heck improved our household financial picture over where it would have been. Sounds plenty sane to me.[/quote]

i.e. you admit is a bubble - gigantic govt intervention that is now being removed and that has caused inflation.  it was a giant sugar rush. no it is imploding.  asset bubbles always end badly. [/quote]

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