The near term outlook of the American economy has never looked more uncertain and strange to me. At 32, I'm too young to know what the I'm talking about, but I think more experienced business people would also agree. Tariffs, potential recession, rates already near-zero, oh my!
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C grade corporate debt is the biggest bubble I've seen that I feel confident about. Terrible companies that shouldn't have had a new lender for years now are still getting financed right now. Greek bonds having a negative yield is a big question mark too, but not as sure.
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Yup. People chasing yield where they can because interest rates are so low. I don't know if it'll all melt down at once, which could hurt legitimate businesses. Correct answer here I think is to commit to raising interest rates absurdly slow. Like .25%/year for a decade.
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