By David Scott | Monday 23 July 2018
With government, corporate and consumer debt levels at all-time highs, a financial collapse is inevitable. Hundreds of billions of student loan, auto loan, mortgage loans, and credit card debt are unpayable, especially in a rising rate environment. The “everything bubble” has put the previous two bubbles to shame. The thing about bubbles is they always pop. An unsustainable dynamic will not be sustained. The reversion to the mean will leave millions around the globe enraged, and looking for someone to blame other than themselves.
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