AUG 16, 2017
ORIGINAL SOURCE: NY Fed Warns: It’s a Massive Debt Bubble and the Credit Cycle is Turning by Graham Summers of gainspainscapital.com on 8/16/17
The Fed published a study and feels that the consumer is at peak debt, bigger than the crises of 2008. Now couple that with peak everything bubbles and you got recipe for a major disaster.
Please read the rest here; NY Fed Warns: It’s a Massive Debt Bubble and the Credit Cycle is Turning