Worthwhile piece from Lance Roberts today, see: Yes, Ms. Yellen…There will be another financial crisis,. He includes this breathtaking chart of the total system leverage/borrowing of US corporations, households, banks and investment margin accounts since 1959. Spot the point where the monetary maestros took the helm under Greenspan at the US Fed in 1987, followed by his underlings Bernanke in 2006 and Yellen in 2014. Two financial/economic implosions to date and the next on its way. Still letting the architects of this mess drive our policy is madness personified.
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