Do soaring asset prices and low unemployment mean it's time to start worrying?

aloysious said:
I just hope the Seattle market is in a bubble. It's where I plan on retiring in 2 or 3 years. Looks a little pricey now.
Anyways, AK is in a recession now with no end in sight due to over dependence on oil.
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"A white person who lives in a
town or in the country especially in the southern U.S., who typically has a working-class job, and who is seen by others as being uneducated and having opinions and attitudes that are offensive. "


https://www.roadsnacks.net/these-are-the-10-most-redneck-cities-in-louisiana/
 
tsuke said:
or student loans? credit cards? : )
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Not sure I'd use the term "bubble" to describe either......the former have risen quickly in a short time, but there are contextual and demographic reasons for part.....

Haven't heard alarms about credit cards, but have heard about securitized high interest rate auto loans, which at first glance appears to suggest similarities to the residential housing issue. If you can sell the loan before it goes bad, it's not your problem......but I've only ever met one small scale guy who pooled money for that purpose.
 
blackvegetable said:
Not sure I'd use the term "bubble" to describe either......the former have risen quickly in a short time, but there are contextual and demographic reasons for part.....

Haven't heard alarms about credit cards, but have heard about securitized high interest rate auto loans, which at first glance appears to suggest similarities to the residential housing issue. If you can sell the loan before it goes bad, it's not your problem......but I've only ever met one small scale guy who pooled money for that purpose.
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the problem with both is that they increasingly take money away from the economy as debt servicing becomes a bigger and bigger part of the household budget. Particularly for younger people.
 
tsuke said:
the problem with both is that they increasingly take money away from the economy as debt servicing becomes a bigger and bigger part of the household budget. Particularly for younger people.
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You should know that there is data on that......not quite as alarming as Bold Assertion, but just sayin'.
 
tsuke said:
the problem with both is that they increasingly take money away from the economy as debt servicing becomes a bigger and bigger part of the household budget. Particularly for younger people.
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Assuming the payments are made to someone, how does it "take money away from the economy"?
 
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