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It Feels 'A Bit Like 2006' For Stocks And The Economy. That Should Scare Us.

TedTed
in Fund Discussions
FYI: The world's elite are partying like it's 2006, and that should probably scare us. Top business and political leaders, who met last week in the quaint ski chalet town of Davos, Switzerland, couldn't stop talking about the booming global economy, record stock markets and President Trump's tax cuts. They toasted the good times with bottles of bourbon that cost several thousand dollars each.

But there is something unnerving about all of this: 2006 was followed by 2008, the worst financial crisis of just about everyone's lifetime. Some of the wisest minds at Davos said it feels eerily similar right now, and that's not comforting.
Regards,
Ted
https://www.washingtonpost.com/news/wonk/wp/2018/01/30/it-feels-a-bit-like-2006-for-stocks-and-the-economy-that-should-scare-us/?utm_term=.661bb5048b46

Comments

  • jerry
    I am not concerned if its 2006 as it gives me a year to sell. While Ted is correct that 2006 was followed by 2008 most of us if asked would say 2006 was followed by 2007
    By the way after 9 up years selling may generate lots of capital gains so selling some this year may not be wrong. We on this site all know about the bulls,the bears and the pigs.
  • BrianW
    Other than Bitcoin and perhaps other Cryptos, can anyone say there's anything like the Mortgage crisis going on?
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