Why U.S. Household Wealth Is In A Bubble...and Destined to Crash
One way to track where we are in the market cycle is to look at house wealth as compared to the overall economy.
The moves of the last 10 years saw an incredible increase in household wealth. On the surface, this sounds like a good thing. However, this is a precarious situation since the trend is always revert back to the mean.
In market terms, this means crash.
A very good 16 minute video.
I think in the next 2 or 3 years, new financial system will replace current banking system and now we are at the beginning of this process.
And a important question. Well, everything is bubble and which one is the pin such as bitcoin, crypto or other DLT fintech techs?
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nicely explained...........@finprep
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