Above is a recent interview with CNBC host Andrew Sorkin discussing the similarities with the current times and the crash of 1929 that led to the Great Depression era.
While the interview avoids much in terms of data and facts to support his opinion or even provide a timeline or the depths of such a downturn, we thought it offered some interesting insights worthy of a blog post.
Some of the highlights include:
The stock market is looking eerily similar to the crash of 1929 - (Namely the mirroring of major market increases)
He believes that prices are unsustainable, Trump’s tariffs on China are causing stress that may lead to a correction.
He believes much of the euphoria is a result of the AI boom;
There is currently increasing debt (both public and private) coupled with a tremendous amount of speculation in the market and says "A crash is inevitable, but when will this bubble pop?"
Our notes: An interesting point that was brought up in this interview was this idea about how the average person can’t invest into private companies while rich people can. Blackrock CEO Larry Fink and others are pushing for the private market to be more open to the average person. This includes things like allowing people to invest into these riskier assets/ companies with their 401K.
Our take: Anyone that reads this blog knows that we have said similar things for better part of the past year or two so you won't get much objection here. We'd love to have him, as an expect, provide more data to up his assertions as we like to do, but the opinion is certainly clear....expect the unexpected and proceed with caution in the coming year(s). This is why we tell our investors that patience may pay off and to wait until clear opportunities arise if we do encounter of period of debt defaults and/ or restructuring.
For questions related to how to navigate Snohomish County Commercial Real Estate or if you find yourself with a need for Snohomish County debt negotiating or restructuring, we are happy to help.
Our Firm:
108 Union
Scott@WeitzCommercial.com
T: 206-306-4034
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