(Money Metals News Service) In a recent episode of Money Metals Midweek Memo, host Mike Maharrey warned that the US economy may be on the verge of a sequel to the 2008 financial crisis. And like most sequels, he suggested, it could be even worse than the original.
He argued that today’s economic environment mirrors 2006 and 2007 in uncomfortable ways. Asset prices are elevated. Debt levels are extreme. Monetary policy has followed a familiar trajectory. The mood in markets feels confident and relaxed, which, in his view, is precisely what makes the situation dangerous.
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