"US Economy More Vulnerable to an Extreme Crisis", says Former Treasury Secretary Geithner
In this report I cover an article written by former US Treasury Secretary Tim Geithner in which he asks whether the US economy is safe yet from another major financial crisis.
This post has been ranked within the top 80 most undervalued posts in the second half of Dec 18. We estimate that this post is undervalued by $7.36 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Dec 18 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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Far from being safe! I think you could say just in the last year the bubbles have enlarged even further on cheap money and last weeks FED raise is following not leading the market. If the trend to higher rates is established now the US debt and corporate debt will be more expensive to service just when growth is slowing to critical levels. The rush to the exit could be rapid once the equity market is spooked out of current euphoria. ps. also reading TRTR by Rickards, bit further on than you, very good.