“The question is not whether there will be a crisis, but when? In the past 50 years, we have seen more than eight global crises and many more local ones, so the likelihood of another one is quite high. Not just because of the years passed since the 2007 crisis, but because the factors that typically lead to a global crisis are all lining up.”
USAGOLD note: The author goes on to talk about “zombification of global economies. . . .” – a very interesting approach to the problem of cyclical crises and their causes.