Originally Posted by
Habits
I do not think this is a a downturn such as the likes of GFC or asian crisis or 80s sharemarket crash. All of those happened late in each respective decade... is that a coincidence or cyclic? We had our cyclic downturn for the 2010s from 2017 to 2019, those dates could be arguable, but again late in the decade. Currently we have full, practical employment with rising income levels so apart from low.consumer confidence causing a problem I think this is a pause. Yes with some slight retraction in asset prices.
Going back into my minds recesses he best comparison I recall was in 1994. Inflation and hence interest rates were rising, the sharemarket and bond prices were up and down and there was a lot of discussion. It followed a period when interest rates were falling and shares were benefitting through comparative returns. We had bought our first home 6 months before that but what followed was few years of growth. Does all of that ring a bell