“Jim Rogers observed that the 2008 financial crisis was caused
due to a rise in debt, and since then the debt has gone through the roof. In
fact, Alberto Gallo of Algebris Investments, in a blog written in July this
year noted that global debt levels have almost quadrupled, rising 276% in the
last decade to $217 trillion.”
The stock market will crash. The crash will be YUGE. We just don’t know when or how painful it
will be.
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