Re:Ask HN: It seems like everyone is getting rich?
by roland35 on Monday August 30, 2021 @09:58AM
(#28355717)
So the question to me boils down to - what to do about it? We could easily have another decade (or 2 or 3) of economic growth before the next crash. The hard part isn't predicting the crash, it is predicting when it will happen.
The best plan as far as I can tell is to be diversified in investments. A home + mortgage protects against inflation, a reasonable mix of stocks and bonds are solid financial investments, enough cash for a good emergency fund, and holding a small % of hard assets and crypto is not a bad idea.
In short, "nobody knows nothing" and we can just invest a little in everything and hope for the best :)
It's the opposite. There half a dozen extremely serious economic problems at the root of the system that were papered over during the WW2 rebuilding of the economy (because growth is easy if you start from nothing) and all the things you worry about are merely their symptoms.