Experts Fear a Stealth Crash Has Already Begun: “Risk is Flashing Red”
It is more clear than ever that the Federal Reserve’s quantitative easing program will eventually bring destruction to the planet.
The world doubled down on risk after the 2008 crisis with nearly unlimited liquidity, and now debt is threatening to drown the global financial market. Cheap credit is about to saddle down those who got themselves overextended. Many private borrowers and states alike face default, bankruptcy and/or a failure to pay their obligations. Mathematically, the problem is just waiting to explode.
It is just a matter of when the music stops. But has it already?
Some are suggesting that things are already so bad that a crash has already set in, but without the headlines and fanfare.
This stealth crash is evidenced by conditions so bad they precipitate a chain reaction of further financial destruction. According to the London Guardian things are simply too far gone: “the debt levels are too high, productivity growth too weak and financial risks too threatening.”
Via the London Guardian:
A predicted global meltdown passed without event. But there are enough warning signs to suggest we are sleepwalking into another disaster
The 1st of October came and went without financial armageddon. Veteran forecaster Martin Armstrong, who accurately predicted the 1987 crash, used the same model to suggest that 1 October would be a major turning point for global markets. Some investors even put bets on it. But the passing of the predicted global crash is only good news to a point. Many indicators in global finance are pointing downwards – and some even think the crash has begun. Let’s assemble the evidence.
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