The Next Big Financial Meltdown Is Around the Corner, Many Voices Warn

“The economy is looking great,” how many times have they told you that? And why do you usually hear it when you are late on a mortgage payment or during a downsizing purge at your company? Relying on your senses is always a safer bet than trusting the wishful thinking of those who invested political capital in failed solutions. The chorus of voices warning about the next ‘Big One’ has become hard to ignore.

Also read: Money Laundering Fines Help Bankers Avoid Prosecution

A Pending Disaster, Worse Than the Last Crash

It looks like the next big financial crisis is coming, and while cycles are a natural feature of market economies under normal circumstances, this one is promising to be a bit different. The global economy has been somewhat expanding for the better part of the past decade, although many experts would say that governments and central banks have only reinflated the bubbles that popped in 2008. Indeed, what quantitative easing and record low…