https://fred.stlouisfed.org/series/GFDEBTN
I was looking at this chart of the national debt. Can't help but think it's starting to look like a bubble at this point. It's practically going vertical and hasn't had a drop since the 70s.
I know there are people out there who think 'this time is different', but at some point this thing is going to have to come crashing down.
Nothing goes up forever! For example, just look at the price of gold and silver in the 1980s! Eventually all the hype and FOMO finally ran out and they crashed hard. It took them decades to recover.
Any thoughts? Do you guys think the debt will keep rallying? Personally, I wouldn't touch it at these levels.