Didn’t read Zero Hedge’s take yet, but I am sure it is spot on. The fact that this next bust might start in Canada or anywhere else is significant because the financial cancer has metastitized worldwide where we have no financial levers left to stop it.
In terms of where it starts, I look to Canada and Australia because we are both so leveraged to commodity prices (esp oil in Canada)
In the 1920’s, the Depression was well underway in Australia and Canada before the 1929 crash. And commodity prices had been falling for years in the late 20’s