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MOAB: The Mothers of all Bubbles coming to a Town near You

Livinglies's Weblog

Editor’s Note: Right before the housing bubble burst in 2008 the American public was being told by the media and government that the economy was sound.  We are now in the 9th year of an artificial recovery.  If you look at the real economic indicators, we are at the tipping point that will likely make the 2008 Bubble look like a dress rehearsal for the real thing.

Authored by Chris Martenson via PeakProsperity.com,

Global macro economic data has been weak for many years, but there’s now a very real chance of a world-wide recession happening in 2017.

Why? A dramatic and worsening shortfall in new credit creation. 

The world’s major central banks have, again, done the world an enormous disservice.  Instead of admitting that maybe/perhaps/possibly the practice of issuing debt at more than twice the rate of underlying economic growth was a very bad idea over the past several…

View original post 2,120 more words

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