Why The Next U.S. Recession Will Be Exceptionally Painful

We all know another recession is coming at some point.

Economies are cyclical. Bust always follows boom in the same way the moon follows the sun.

We very nearly had a recession in 2016. I remain impressed how it was averted in 2016 by the application of thin-air money.  It took several trillions of dollars globally, but it worked (if we can call enabling the global economy to take on additional $trillions in debt that will never be repaid ‘working’)

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