Economic and market conditions are eerily like they were in late 2007/early 2008.
Remember back then? Everything was going great. Home prices were soaring. Jobs were plentiful.
The great cultural marketing machine was busy proclaiming that a new era of permanent prosperity had dawned, thanks to the steady leadership of Alan Greenspan and later Ben Bernanke. And only a small cadre of cranks, like me, was singing a different tune; warning instead that a painful reckoning in our financial system was approaching fast.
It's fitting that I'm writing this on Groundhog Day, as to these veteran eyes, it sure has been looking a lot like late 2007/early 2008 lately...
from Peak Prosperity http://ift.tt/2DVUiw1
