No, the bailouts of 2008 showed them that from the financial institutions' standpoint, there is no risk.Investors have forgotten about risk and this is playing out in inflated asset prices and inflated valuations.
I’m well aware that beauracracy can be hella wasteful, but this gradual repeal of Dodds-Frank less than a decade after its enactment is blowing my mind. Meanwhile, the average amount of U.S. debt per capita has surpassed pre-collapse levels in 2008. It is so obviously a case of the .1% readying their golden parachutes for another market skydive. It’s like watching the wealth gap about to measurably increase overnight. To also enact a tax plan that depends on steady economic growth over the coming years is like spitting in our faces.
Pretty much. What's the over/under on us having some version of the Terrors in our lifetime?