A regular reader recently asked, “Wait, you think we could see another financial market meltdown like in 2008?” I was actually surprised that a regular reader and other sentient beings witnessing macro forces and the extreme leverage and risk-taking in the world all around them today, would not already know the answer to this question: “Why, of course!’
Can we protect ourselves from the next banking meltdown? David McWilliams separates myth from reality to help identify a few rules of thumb. Here is a direct video link.