Which Inning
I just wanted to get a feel of how close to the bottom people think we are. Let's define the 1st inning as the very beginning of asset deflation and the 9th inning as the very bottom.
Stick with housing as the asset, unless you believe that a much larger bubble, of which housing is only a small part (leveraged derivatives of some flavor) is what is actually bursting.
Stick with housing as the asset, unless you believe that a much larger bubble, of which housing is only a small part (leveraged derivatives of some flavor) is what is actually bursting.
Comments
Caveat - My estimate is based on past performance of bubbles,...if this one takes down EVERYTHING then of course there will be no "bottom" and we'll either in some sort of new paradigm.
sorry, I was going to add all innings, but figured odds were good enough.