I'd like to remain positive, but there is a real possibility that we are replicating Japan or something similar. Many "experts" said it could never happen here, but it looks to me like it is. We had a big real estate bubble collapse out west and in Florida. Fannie, Freddie and several big banks are zombies, etc...
That has been on my mind the last couple of years; crony capitalism, on the bubble on population replacement and unwilling to allow failing institution to die.
At minimum it could look an awful lot like stagflation.
“I’d like to remain positive, but there is a real possibility that we are replicating Japan or something similar. Many “experts” said it could never happen here, but it looks to me like it is.”
I agree with the ‘big L’ japan-like scenario. That is, we grow but tepidly. There are not good drivers of growth out there and a lot of balance sheet repairing to do.
This is all guesswork and you can find more bearish and more bullish prognosticators out there, each with their favorite data points.