My comment was mostly intended as a joke (like me being bullish is going to make the market move in the other direction), but I do think that what happened in 2020 was artificially can-kicked down the road by unprecedented government intervention in the market. So it’s less of a “severe as I’d like” scenario and more of a “curtailed by massive global intervention in the economy.” Maybe that staved it off forever and we will have a soft landing? Possible, but I don’t think so.
My comment was mostly intended as a joke (like me being bullish is going to make the market move in the other direction), but I do think that what happened in 2020 was artificially can-kicked down the road by unprecedented government intervention in the market. So it’s less of a “severe as I’d like” scenario and more of a “curtailed by massive global intervention in the economy.” Maybe that staved it off forever and we will have a soft landing? Possible, but I don’t think so.