What did we learn from 2008?

What did we learn from 2008?  Nothing.

What did we do in response to the 2008 crisis?  Even more of the same thing that caused the problem.

What happens next?  2008 on steroids.

“Debt ratios have reached extreme levels across all major regions of the global economy, leaving the financial system acutely vulnerable to monetary tightening by the US Federal Reserve, the world’s top financial watchdog has warned.

The Swiss-based BIS said total debt ratios are now significantly higher than they were at the peak of the last credit cycle in 2007, just before the onset of global financial crisis.”

US interest rate rise could trigger global debt crisis

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