[quote=The-Shoveler]Kind of why I think all the Central banks are desperately inflating the markets in unison, they have no choice. They can’t afford another crash (at least or a while).
Can you imagine what a 50% decline in the market would do right now ?
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You tell me. What would a 50% decline in the stock market really do to the average person on the street. The housing bubble pop seemed to effect the masses much greater than any stock market crash. I can think of a few things it does.
1) It shrinks the wealth gap. All of those wealthy people invested in stocks would see their fortunes decline.
2) It would give opportunity to people that recognized the feds easy money policy isn’t creating growth but instead creating bubbles.
3) In blows up a bunch of pension promises that are likely never going to be fulfilled and really what’s the harm in recognizing that now versus later.