I figure I will live through it, for it to hit later. Statistically for my family history, I only have 20 years left. Generally speaking the standard of living is not a bubble. If it is, it is the longest running bubble in history.
Sure. Everyone will, but it will be painful. And yes, it has probably been the longest running standard of living bubble in American history.
The characteristics of a bubble do not include long duration, certainly not multi-generational.
That's what I'm talkin about, and we ain't done yet, by a darn sight!
It's anything that is inflated. Especially artificially like what's happened over the past 20 years due to the low cost of money.
Naw. Nothing like the past 20 to 30 years.
Go team!!!!
Probably more like a recession.
Not sure that raising interest rates a small amount will cool inflation if the federal government keeps pumping money like a drunken sailor. As for making job creation more expensive and easing labor shortages... they won't be needing those workers anymore. Little guy takes it in the shorts yet again.
The esoteric standard of living bubble. I think it's bursting now. A good measure would be discretionary spending and what will be given up to make ends meet.
For the ones who spent beyond their means it is. Not everyone was smart like me and saved money. Some actually spend everything they get.
Seems to me that the government's reckless use of public finances is both a cause and a sign of what I am talking about.
Render to Caesar....
Yeah? Where did you read that definition?
You mean besides the obvious that bubbles inflate and that's why they are called bubbles instead of flats?
