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So I'm not sure I totally agree with @ewarren about the precarity of the economy. medium.com/@teamwarren/th…
I've been looking at leveraged loans for a long time. The sector just isn't as large as the mortgage market, and if anything will be an accelerant of a crisis happening somewhere else in the economy.
The manufacturing recession seems to me an extension of a trend. Good fodder against "I'm bringing back jobs" Trump, but not a sign of a broader economic shift necessarily
Household debt definitely increases risk. But where is the shock going to come from? I don't really see most of the items listed as plausible. If anything we're in store for a mild downturn as the tax cut boost gives out.
All of her solutions are worthwhile. But I don't see it as dire as "warning lights are flashing." What's more dire is that we're muddling through a low-growth, maybe low-negative growth situation where working people have the same challenges & don't share in the gains.
