What I am seeing is eerily reminiscent of 2007. Yeah yeah I know there are significant differences. There always are.
But then there was weakness in subprime mortgage bonds. There was debate as to whether the damage would be contained or not. ANd it wasnt. Because investors are typically diversified so declines in one asset value will cause declines in the others as well, as pressure tosell to maintain cash increases.
This time I am seeing declines in commodities, esp oil and copper. This seems to be the end of the comoodity boom. And once the declines set in, how much longer until other assets experiences similar declines?
But then there was weakness in subprime mortgage bonds. There was debate as to whether the damage would be contained or not. ANd it wasnt. Because investors are typically diversified so declines in one asset value will cause declines in the others as well, as pressure tosell to maintain cash increases.
This time I am seeing declines in commodities, esp oil and copper. This seems to be the end of the comoodity boom. And once the declines set in, how much longer until other assets experiences similar declines?