Conservative George Will: Another epic economic collapse is coming

Fwiw high pe ratios don’t end bull markets.

And George Will is a nice guy but I’d never listen to him about economics. US debt to gdp ratios could expand a great bit further and the US would still be fine. I wish we would take some preemptive measures with spending and with Social Security retirement ages and means testing.

Sure something could randomly blow up in the world, but there are simply no warning signs like there was before the Great Recession.

 

If the stock market stalled or even declined a bit that would not necessarily result in a huge crash.

 

Biggest boon in history, where is the wealth all going?

Yes, it will collapse at some point - catastrophically. It's not sustainable.

 

Zerohedge? Is that you?

 

If you don't think it will collapse, you must hate history.

 

The market has collapsed twice in 90 years

 

The first time it collapsed, a lot changed after that. The 2nd time it collapsed, and we find ourselves in the same position.

Wealth is concentrated in the hands of the very few and corporations and banks are taking risks they may not be able to pay for.

 

We aren't in the same position. The market is experiencing a long bull run. Not over exuberance

The other collapses weren't about concentrated wealth

 

you have no idea what ur talking about.

the wealth gap is wider now than ever before,
attributable to the huge Trump tax welfare entitlement to the top 5%

2 of the financial WMD that led to the financial industry meltdown in 2007, CDS and tranche financing, are still alive and kicking;
they're being marketed under different names​

 

We never really reconciled for the 2008 collapse, so, yeah, there's another big correction coming.

Question is when.

 

I didn't say it wasn't.

I said wealth gaps weren't the reason for the Depression or what happened in 08.

 

What do you mean by reconcile?

 

The price of oil and natural gas are at 2005 levels.

Natural gas trades at $2.90 a unit. Natural gas was trading at seven bucks before the 08 crash, oil was trading at double the current price.

Those were indicators of a collapse

Edit: Natural gas was trading as high as five times current levels before the 08 collapse

 

Traditional fiscal conservative op-ed. There isn't a lot in common between a George Will Republican and a Donald Trump Republican. Unlike some Republicans, I don't think George Will is in it for the tax cuts; he's ideologically committed to the US having a strong balance sheet.

 

Longest bull run in a while. P/E ratios are pretty high. Insane government debt load. Its hard to predict when the shoe will drop, but it isn't some outlandish statement.

 

little more nuance.

who speculated on the financial WMDs that brought down the US financial industry in 2007?

the wealthy ones were the only ones that can afford such risky moves,​

Trump's tax welfare program has created more wealthy ones, who can afford to make risky financial moves

 

We are not in the same position as before. Company balance sheets are significantly stronger and lending is completely different. I'm not sure why you feel otherwise. What are these risks you are talking about currently in corporate business and banking?

 

The wealth gap expanded significantly after the economy bottomed out. It's hard to attribute the trajectory over the past 10 years to the Trump tax cuts. The Obama tax hikes don't seem to have done much to slow down the wealth gap either so there is clearly something else going on outside of the govt control.

 

This was an anti Trump type of Republican op ed. George Will is a traditional republican who doesn’t believe in this huge deficit spending that Trump/GWB type Republicans believe in.