This crash is coming. It’s inevitable. I may be off a few years plus or minus in my timing, but the realities of the economic fundamentals left to us by thirty-three years of Reaganomics and deregulation have made it a certainty. We are quite simply repeating the mistakes of the 1920s, the 1850s, and the 1760s, and we are so far into them it’s extremely unlikely that anything other than reinflating the recent bubbles to buy a little time here and there will happen.
gdn--This is a must read.
Hartmann, Thom. The Crash of 2016: The Plot to Destroy America--and What We Can Do to Stop It (Kindle Locations 234-235). Grand Central Publishing. Kindle Edition.