Read: https://www.mauldineconomics.com/frontlinethoughts/train-crash-preview
John Mauldin is predicting:
1. A global recession by 2020. He puts the odds at 60-70%.
2. When the recession starts, the deficit will quickly jump to $2 trillion+ per year.
3. Within 4 years of the recession's onset (i.e. by 2024), the total government debt will be at $30 trillion.
4. The total government debt will hit $40 trillion by 2029.
5. The Federal Reserve's balance sheet will hit $20 trillion, as it injects money into the system.
6. A "Great Reset" where all the major central banks in the world will erase all debts.
I can totally see this happening, except for the Great Reset. We will see the debt hit $1 quadrillion before that happens.
In any event, we have about 2 years max of relative normalcy until another great recession hits.
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