Read https://www.theautomaticearth.com/2018/04/the-mother-of-all-deflations/
We have made our economies fully dependent on banks creating loans out of thin air. Which is a ridiculous model, and as Steve says: “That is no way to run an economy”, but we still have. And if and when home prices start to fall, and fewer people buy homes, the money supply will first stop rising, and then start falling, and we will have the mother of all deflations.
Update: I keep trying to find patterns and I keep being wrong. But maybe we are in a 11-year cycle? I.e. 2018 is like 2007. So a major crisis in Sept. 2019?
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