Another way of rephrasing that though is that the public (including large pension funds, retirees, etc.) just dodged a bullet and aren't left holding the bag.
Nevertheless, I doubt anyone's going to emerge unscathed when the valuations start falling though. Vast sections of the American stock market will be wiped out yet and with it the global economy.
Nevertheless, I doubt anyone's going to emerge unscathed when the valuations start falling though. Vast sections of the American stock market will be wiped out yet and with it the global economy.