{"id":45719,"date":"2019-04-29T06:30:31","date_gmt":"2019-04-29T11:30:31","guid":{"rendered":"https:\/\/olduvai.ca\/?p=45719"},"modified":"2019-04-29T06:56:08","modified_gmt":"2019-04-29T11:56:08","slug":"brace-yourself-the-next-epic-collapse-could-be-weeks-away","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=45719","title":{"rendered":"Brace Yourself: The Next Epic Collapse Could Be Weeks Away"},"content":{"rendered":"\n

Brace Yourself: The Next Epic Collapse Could Be Weeks Away<\/a><\/h3>\n\n\n\n
\"\"\/<\/figure>\n\n\n\n

There wasn\u2019t a group of people more wrong<\/em> about the 2008 financial crisis than those at the Federal Reserve.<\/p>\n\n\n\n

Mere months before the disaster hit in earnest, the nation\u2019s highest economic and financial officials were vocal that there was nothing to worry about.<\/p>\n\n\n\n

Most memorable of these are perhaps two comments from former Fed Chairman Ben Bernanke\u2026<\/p>\n\n\n\n

In January 2008, he said, \u201cThe Federal Reserve is not currently forecasting a recession.\u201d<\/p>\n\n\n\n

And later that year, in July, he said Fannie Mae and Freddie Mac \u2013 the two government-sponsored enterprises that kicked off the credit crisis a few months later \u2013 were \u201cin no danger of failing.\u201d<\/p>\n\n\n\n

And it wasn\u2019t just Bernanke. The same delusional sentiment was echoed by almost all the top Fed and Treasury officials\u2026 as well as those in the mainstream financial media and academia.<\/p>\n\n\n\n

Of course, we all know how things played out\u2026<\/p>\n\n\n\n

When the housing bubble burst in 2008, the effects rippled throughout the economy, kicking off the largest financial and economic crisis since the Great Depression.<\/p>\n\n\n\n

And the S&P 500 \u2013 a good proxy for the U.S. stock market \u2013 went on to fall by over 56%.<\/p>\n\n\n\n

The reason I\u2019m telling you this today is to remind you that people exhibit laughable sentiments near the peak of bull markets.<\/p>\n\n\n\n

And today, we\u2019re hearing much of the same sentiment that was displayed before the 2008 crisis.<\/p>\n\n\n\n

But as you\u2019ll see below, it\u2019s not the only sign I\u2019m seeing of a coming crisis\u2026<\/p>\n\n\n\n

A Contrarian Indicator<\/strong><\/p>\n\n\n\n

I\u2019ve written before about why I believe we\u2019re near the peak of the largest bubble in human history<\/a>.<\/p>\n\n\n\n

And as I\u2019m about to show you, there are clear indicators of a coming crisis\u2026 in the auto sector\u2026 the housing sector\u2026 and in the economy as a whole.<\/p>\n\n\n\n

 \u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

Brace Yourself: The Next Epic Collapse Could Be Weeks Away There wasn\u2019t a group of people more wrong about the 2008 financial crisis than those at the Federal Reserve. Mere months before the disaster hit in earnest, the nation\u2019s highest economic and financial officials were vocal that there was nothing to worry about. Most memorable of these […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[303,6228,451,500],"class_list":["post-45719","post","type-post","status-publish","format-standard","hentry","category-economics","tag-fed","tag-international-man","tag-janet-yellen","tag-market-collapse"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/45719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45719"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/45719\/revisions"}],"predecessor-version":[{"id":45720,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/45719\/revisions\/45720"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}