The US is Running Out of Ammunition for the Coming Economic Crisis – American Thinker

USAFrom American Thinker; Steve McCann

Lately one of the primary topics discussed among my business associates in Europe is the question: How long before we [the U.S. and the world] confront a new financial crisis? In fact, an overview of the financial landscape indicates there are many potential triggers that could initiate a new catastrophe.

Normally a severe crisis, such as the one in 2008, takes a number of years to evolve into a prolonged recovery cycle. Economies have to recover and bank capital has to be rebuilt concurrent with debt workouts. These factors as a rule constrain risk appetite thus allowing for an orderly transition into growth and prosperity as well a gradual rebirth of optimism. However, in just a few short years the markets are already experiencing uncontrolled optimism, excessive leverage and overpriced assets — the central factors inherent in any financial crisis.

Read it here.

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About 3xG Admin

I am interested in Gold, Silver, Energy, Geopolitics, Economics, Religion, Demography, History, Complex systems, Critical theory, Antipositivism, Sociology of knowledge and Chaos theory.
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