ARE WE FACING THE BIGGEST BUBBLE SINCE HOUSING?

[Cancel 2018. 3]

ARE WE FACING THE BIGGEST BUBBLE SINCE HOUSING?


We had the “dot com” bubble and then we had the housing bubble. You‘d think we’d learn our lesson, right? Apparently not.

Due to constantly rising healthcare costs, Citigroup economist Steven Wieting says the healthcare industry will be the cause of the next big bubble. And as if his analysis wasn’t scary enough, he also suggests it will be bigger than anything we’ve seen before.

“It’s not a single asset price that’s about to pop (like housing) and it doesn’t have a cyclical component,” he explains during a live interview on CNBC’s Fast Money.

“It’s a fundamental bubble that will have a large impact on the economy,” he added.

http://www.theblaze.com/stories/are-we-facing-the-biggest-bubble-since-housing/

i'm not sure he is right. the only way he can be right is if millions go bankrupt on h/c costs alone. and h/c costs continue to skyrocket to the point where people stop getting medical treatment. that is what happened with dot com and housing bubble. i just don't see something like h/c creating that kind of condition.

 

[FUCK THE POLICE]

To people who state that they know what the next bubble is, I'd like to see them put their money where their mouth is, take all of their savings, and short that market.

 

[Don Quixote]

ARE WE FACING THE BIGGEST BUBBLE SINCE HOUSING?


We had the “dot com” bubble and then we had the housing bubble. You‘d think we’d learn our lesson, right? Apparently not.

Due to constantly rising healthcare costs, Citigroup economist Steven Wieting says the healthcare industry will be the cause of the next big bubble. And as if his analysis wasn’t scary enough, he also suggests it will be bigger than anything we’ve seen before.

“It’s not a single asset price that’s about to pop (like housing) and it doesn’t have a cyclical component,” he explains during a live interview on CNBC’s Fast Money.

“It’s a fundamental bubble that will have a large impact on the economy,” he added.

http://www.theblaze.com/stories/are-we-facing-the-biggest-bubble-since-housing/

i'm not sure he is right. the only way he can be right is if millions go bankrupt on h/c costs alone. and h/c costs continue to skyrocket to the point where people stop getting medical treatment. that is what happened with dot com and housing bubble. i just don't see something like h/c creating that kind of condition.

the health care industry is the 500 pound gorilla sitting in the livingroom

if the cost of health care is not addressed by obama's health care initiative, i.e., scotus voids it, then it must be addressed soon or it will take over our economy and destroy any hope of recovery

 

[Cancel 2018. 3]

To people who state that they know what the next bubble is, I'd like to see them put their money where their mouth is, take all of their savings, and short that market.

actually had a professor do this with the dot com bubble. and, but for him, i would have bought more stock. had an acquaintance (who i thankfully listened to) sell off all real estate investments in 2005 and then starting buying back two years later. we were talking about it and i believed he was right, i was talking about a bubble in 04 (thanks to the prof from under grad) and it paid off.

it isn't rocket science to see when a bubble is coming. i just don't see it here.

 

[Cancel 2018. 3]

the health care industry is the 500 pound gorilla sitting in the livingroom

if the cost of health care is not addressed by obama's health care initiative, i.e., scotus voids it, then it must be addressed soon or it will take over our economy and destroy any hope of recovery

how so don?