Economic

If Michael Burry (the real-life market prophet from The Big Short) is correct, a larger crisis than 2008 is right around the corner. Too-big-to-fail banks have only gotten bigger and central banks have lost control of the economy’s risk pricing device – interest rates.


So where does the US sit, economically?



The US is still trying to stimulate growth by way of easy money. Up till this plan hasn’t worked, but it’s the only tool the Fed’s have to work with. Meanwhile back in Washington there’s a gridlock as the Fed’s policies widen the wealth gap, which feeds the political radicals. It seems the world is headed toward negative real interest rates on a global scale. The current situation with economy’s risk pricing device is faulty at best—resulting in an unhealthy, broken economic situation. The outlook looks grim while the stressed of a faulty economic system continue.


Why are citizens uneasy about their future?


Debt has everyone scrambling around like chickens with their heads cut off. The idea that growth will cure our debts is addictive for politicians, but when it’s all said and done the citizens end up paying the price.


It’s simply not a matter of if the economy will experience a major downfall, it’s only a matter of when. The symptoms are already blatant. We need to adapt and prepare for this disaster as it’s unraveling right under our noses.