Well, I happen to think the guy will ultimately be proven right.
It’s funny how folks here can easily see the problem with Joe FB, while missing that his problems are mirrored at the national level. Complete with our Bank of China credit card.
We’ve bounced from a tech bubble, to a housing bubble, to… what ultimately? We don’t have an infinite air (ie, money) supply.
Our economy naturally moves in cycles. We’ve averted at least two recessions through cynical currency manipulation by the fed. Strike three is long overdue.
