You can’t have American people finance large purchases of houses, automobiles, etc. while jobs are shipped overseas, illegals flood in and horse-collar businesses in a shrinking economy where less tax revenues go up against astronomical debt loads. /Captain Obvious
Something is gonna pop and pop big.
It already popped a few years ago; Americans borrowing recklessly to maintain an illusion of middle-class existence lost their jobs and went into bankruptcy. Many of those foreclosed homes still sit unsold, and desperate attempts to prop up the whole consumer economy by trafficking foreigners to replace the young American consumers that aren’t being conceived are falling flat. Said foreigners only have as much wealth as our government transfers to them from our taxpayers, and they are more likely to send the funds home (overseas) than spend them here...
I disagree...I think the author is being a bit disingenuous in comparing the whole system to 1929. With automated and online trading I believe the “stock” market will (probably did) crash, but the money market certainly has not, as the big money will go there and precious metals. When the trend in the market reverses, the big money will come back.