A lot of economists, most famous of them being Peter Schiff, think the US is in a massive bubble right now.
This is my surprised face.
No good lessons have been learned by the financial sector following the 08 crash.
Most people think if a crash happens it will be because of student loan debt.
A) Student Loan Debt B) Medical Debt C) Improperly Distributed Wealth/Too Much Wealth wrapped up in debt will mean that the Real Value of things is actually a lot lower than they should be because of demand not rising in the expected way. This will lead to a massive market correction which will cause a chain reaction which may very well involve A) and B)
Yep, yep, and yep
There's plenty of value in debt, sure. But our current system gives far too many benefits to those who are doing the lending, and predatory practices are the norm and not the exception. ---