Tech, Health, Bonds, Financials ,etc sector? Do you think the economy will recovery soon? I see people spending a lot of money on black Friday.What do you think is the next bubble to pop?
Next bubble.........US Long Term Treasury Bonds.
Economic recovery? You are looking at it.....the next recession will be worse.
People spending money on Black Friday for goods manufactured in other countries is nothing new. It would be better to see people going back to work and watching the unemployment numbers drop.What do you think is the next bubble to pop?
I'm not sure if it is a classic bubble, but I think there is great danger in US municipal bonds. If you look at CDS pricing for credit risk, the state of Illinois is priced as a higher risk than all but 7 countries globally. Source: article in Financial Times.
The city of Vallejo, CA declared bankruptcy a couple of years ago. Harrisburg, PA is on the brink.
I think this situation gets very ugly unless there are significant reductions in all government expenses; firing crony employees and cuts to salaries, benefits, and pensions.What do you think is the next bubble to pop?
The next bubble popping will not be for a long time.
its recovering
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