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sneezy67
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Why We Can't Handle An Equities Bear Market, Part 1: State Budgets W - John Rubino - Dollar Collapse

And thank you for Dollar Collapse.com.... a well diversified economic web site.

Commented 3158 days ago

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Beginning of the headline :Back when society's balance sheet was reasonably solid, the occasional bear market was no big deal. A 20% drop in the average S&P 500 stock would scare investors and lead to slight declines in consumer spending and government capital gains tax revenue, but the overall economy would barely notice such a minor speed bump. But that was then. Like a person with an impaired immune system, today's developed world is so highly leveraged that a shock of any kind risks catastrophic ... Read More

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