Next Stop, Recession: The Financial Meteor Storm Is Headed Our Way – 08.25.17

 

  • Many of those about to be vaporized did not grasp the fragility of the “prosperity” they assumed was both solid and permanent.
  • Business-cycle recessions are not just inevitable, they are necessary to flush bad debt and marginal investments/projects from the system.
    The dynamic that’s about to play out is simple:
     wages for the bottom 95% have gone nowhere for 17 years, while costs have soared far above official inflation for everyone exposed to real-world costs.The next recession–which I suggested yesterday has just begun–will be more than a business-cycle downturn; it will be a devastating meteor storm that destroys huge chunks of the economy while leaving other sectors virtually untouched.

Read more at:Next Stop, Recession: The Financial Meteor Storm Is Headed Our Way

Source: charleshughsmith.blogspot.com

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