What’s left of your net worth in 401K and retirement savings could very well do the same tankage via a bond and stock market collapse.
—————–
Yep. With everyone focusing on the effect (high housing prices), very few are acknowledging the cause (a credit bubble).
Housing was just the most obvious and wide-spread effect of the credit bubble. IMHO, we will see fallout in stocks, bonds, commodities, etc. It will be interesting to see how far the credit bubble unwinds. Could be a decades-long correction.
