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Economy

We haven’t seen emerging market currencies crash like this in over a decade, and analysts are warning that if this continues we could witness a devastating global debt crisis.

If you take an honest look at the numbers, there is no debate that we are in far worse shape than we were just before the financial crisis of 2008. Our debt levels are much higher, stock prices are way more inflated, and financial institutions have become even more reckless.

The Buffett Indicator is very simple, but it is also very accurate.  If you want to do well in the stock market, you want to buy low and sell high, and right now we are in absurdly high territory.

Many middle class families are relying on debt to get them from month to month, and consumer debt in the United States has surged to an all-time high. But eventually a day of reckoning comes, and we all understand that.

There aren’t too many other bright spots for the U.S. economy at the moment, and so if the tech sector implodes we are going to see a lot of others go down with it.

Our endless appetite for debt is literally destroying the bright future that our children and our grandchildren were supposed to have, and someday they will look back and curse us for what we have done to their country.

Seven times since the 1960s we have seen the yield curve inverted, and in each of those seven instances, an economic recession in the United States has followed.  Will this time be any different?

The longer it lasts, the worse things will get, and ultimately it could tip the U.S. economy into the worst recession that any of us have ever experienced.

Since 1913, the Federal Reserve has gone through 18 rate hiking cycles. In 18 out of 18 cases, those rate hiking cycles have ended in either a recession or a market crash. Do you really think that the 19th time will be different?